AIM:JHD

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Executive Summary

James Halstead plc manufactures and supplies flooring products for commercial and domestic uses in the United Kingdom, rest of Europe, Scandinavia, Australasia, Asia, and internationally. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has James Halstead's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JHD is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JHD's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.4%

JHD

-0.05%

GB Building

-2.3%

GB Market


1 Year Return

2.5%

JHD

11.4%

GB Building

1.1%

GB Market

Return vs Industry: JHD underperformed the UK Building industry which returned 6.5% over the past year.

Return vs Market: JHD exceeded the UK Market which returned -0.2% over the past year.


Shareholder returns

JHDIndustryMarket
7 Day-0.4%-0.05%-2.3%
30 Day1.2%3.8%-0.1%
90 Day11.7%12.5%4.2%
1 Year5.6%2.5%12.3%11.4%7.1%1.1%
3 Year30.6%19.1%30.8%21.5%9.7%-3.4%
5 Year25.5%8.4%37.5%19.8%36.9%10.5%

Long-Term Price Volatility Vs. Market

How volatile is James Halstead's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is James Halstead undervalued compared to its fair value and its price relative to the market?

30.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JHD (£4.98) is trading above our estimate of fair value (£3.04)

Significantly Below Fair Value: JHD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JHD is good value based on its PE Ratio (30.2x) compared to the GB Building industry average (45.2x).

PE vs Market: JHD is poor value based on its PE Ratio (30.2x) compared to the UK market (24x).


Price to Earnings Growth Ratio

PEG Ratio: JHD is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: JHD is overvalued based on its PB Ratio (7.5x) compared to the GB Building industry average (1.8x).


Next Steps

Future Growth

How is James Halstead forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JHD's forecast earnings growth (7.5% per year) is above the savings rate (1%).

Earnings vs Market: JHD's earnings (7.5% per year) are forecast to grow slower than the UK market (23.3% per year).

High Growth Earnings: JHD's earnings are forecast to grow, but not significantly.

Revenue vs Market: JHD's revenue (4% per year) is forecast to grow slower than the UK market (7.3% per year).

High Growth Revenue: JHD's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JHD's Return on Equity is forecast to be high in 3 years time (26.6%)


Next Steps

Past Performance

How has James Halstead performed over the past 5 years?

1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JHD has high quality earnings.

Growing Profit Margin: JHD's current net profit margins (14.4%) are lower than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: JHD's earnings have grown by 1.5% per year over the past 5 years.

Accelerating Growth: JHD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JHD had negative earnings growth (-9.1%) over the past year, making it difficult to compare to the Building industry average (-47%).


Return on Equity

High ROE: JHD's Return on Equity (25%) is considered high.


Next Steps

Financial Health

How is James Halstead's financial position?


Financial Position Analysis

Short Term Liabilities: JHD's short term assets (£164.4M) exceed its short term liabilities (£51.7M).

Long Term Liabilities: JHD's short term assets (£164.4M) exceed its long term liabilities (£27.2M).


Debt to Equity History and Analysis

Debt Level: JHD's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: JHD's debt to equity ratio has reduced from 0.2% to 0.1% over the past 5 years.

Debt Coverage: JHD's debt is well covered by operating cash flow (15401.5%).

Interest Coverage: JHD earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is James Halstead current dividend yield, its reliability and sustainability?

2.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JHD's dividend (2.86%) is higher than the bottom 25% of dividend payers in the UK market (1.48%).

High Dividend: JHD's dividend (2.86%) is low compared to the top 25% of dividend payers in the UK market (4.52%).


Stability and Growth of Payments

Stable Dividend: JHD's dividends per share have been stable in the past 10 years.

Growing Dividend: JHD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (86.3%), JHD's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JHD's dividends in 3 years are forecast to be covered by earnings (81.4% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Capital Goods industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average board tenure


CEO

Mark Halstead

no data

Tenure

UK£445,000

Compensation

Mr. Mark Halstead serves as the Chief Executive Officer and Director of James Halstead Plc. He has experience in the group holding senior management positions within Polyflor prior to his appointment as ch...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD619.69K) is below average for companies of similar size in the UK market ($USD1.64M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Mark Halstead
CEO & Director no dataUK£445.00k11.71%
£ 121.4m
Gordon Oliver
Finance Director & Director no dataUK£418.00k0.10%
£ 1.0m
Geoffrey Halstead
Honorary President3.17yrsUK£49.00k1.91%
£ 19.8m
James Wild
Independent Non-executive Chairman3.17yrsUK£40.00k5.83%
£ 60.4m
Stephen Hall
Senior Independent Director9.08yrsUK£25.00k0.0027%
£ 28.4k
Russell Whiting
Independent Non-Executive Director3.17yrsUK£20.00kno data
Michael Halstead
Independent Non-Executive Director3.17yrsUK£20.00k0.33%
£ 3.4m

3.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: JHD's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

James Halstead plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: James Halstead plc
  • Ticker: JHD
  • Exchange: AIM
  • Founded: 1914
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: UK£1.037b
  • Shares outstanding: 208.14m
  • Website: https://www.jameshalstead.com

Number of Employees


Location

  • James Halstead plc
  • Beechfield
  • Hollinhurst Road
  • Manchester
  • Greater Manchester
  • M26 1JN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JHDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1980
HSJABST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 1980
HSJADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1980

Biography

James Halstead plc manufactures and supplies flooring products for commercial and domestic uses in the United Kingdom, rest of Europe, Scandinavia, Australasia, Asia, and internationally. The company offer...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 20:30
End of Day Share Price2021/02/26 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.