company background image
JHD

James HalsteadAIM:JHD Stock Report

Last Price

UK£3.14

Market Cap

UK£1.3b

7D

8.7%

1Y

23.1%

Updated

20 Jan, 2022

Data

Company Financials +
JHD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends5/6

JHD Stock Overview

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.

Rewards

Earnings have grown 0.7% per year over the past 5 years

Pays a reliable dividend of 2.43%

Risk Analysis

No risks detected for JHD from our risk checks.

James Halstead Competitors

Forbo Holding

SWX:FORN

CHF2.9b

Tarkett

ENXTPA:TKTT

€1.2b

Price History & Performance

Summary of all time highs, changes and price drops for James Halstead
Historical stock prices
Current Share PriceUK£3.14
52 Week HighUK£3.25
52 Week LowUK£2.40
Beta0.35
1 Month Change12.14%
3 Month Change15.87%
1 Year Change23.14%
3 Year Change37.72%
5 Year Change28.95%
Change since IPO4,157.63%

Recent News & Updates

Oct 07
James Halstead (LON:JHD) Will Pay A Larger Dividend Than Last Year At UK£0.11

James Halstead (LON:JHD) Will Pay A Larger Dividend Than Last Year At UK£0.11

James Halstead plc ( LON:JHD ) will increase its dividend on the 17th of December to UK£0.11. This makes the dividend...

Jun 26
James Halstead (LON:JHD) Might Be Having Difficulty Using Its Capital Effectively

James Halstead (LON:JHD) Might Be Having Difficulty Using Its Capital Effectively

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...

Shareholder Returns

JHDGB BuildingGB Market
7D8.7%-2.2%-1.0%
1Y23.1%22.8%8.3%

Return vs Industry: JHD matched the UK Building industry which returned 22.8% over the past year.

Return vs Market: JHD exceeded the UK Market which returned 8.3% over the past year.

Price Volatility

Is JHD's price volatile compared to industry and market?
JHD volatility
JHD Average Weekly Movement3.7%
Building Industry Average Movement4.0%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: JHD is not significantly more volatile than the rest 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.

About the Company

FoundedEmployeesCEOWebsite
1914819Mark Halsteadhttps://www.jameshalstead.com

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 offers its products under the Polyflor, Palettone, Camaro, Polysafe, Recofloor, and Expona names. James Halstead plc was founded in 1914 and is based in Manchester, the United Kingdom.

James Halstead Fundamentals Summary

How do James Halstead's earnings and revenue compare to its market cap?
JHD fundamental statistics
Market CapUK£1.31b
Earnings (TTM)UK£39.86m
Revenue (TTM)UK£266.36m

32.8x

P/E Ratio

4.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JHD income statement (TTM)
RevenueUK£266.36m
Cost of RevenueUK£154.72m
Gross ProfitUK£111.64m
ExpensesUK£71.78m
EarningsUK£39.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.096
Gross Margin41.91%
Net Profit Margin14.96%
Debt/Equity Ratio0.1%

How did JHD perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

80%

Payout Ratio

Valuation

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

32.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JHD (£3.14) is trading above our estimate of fair value (£1.96)

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


Price To Earnings Ratio

PE vs Industry: JHD is poor value based on its PE Ratio (32.8x) compared to the UK Building industry average (14.4x).

PE vs Market: JHD is poor value based on its PE Ratio (32.8x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JHD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JHD is overvalued based on its PB Ratio (8.4x) compared to the GB Building industry average (2.2x).


Future Growth

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

3.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if JHD's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if JHD's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JHD's revenue (3.4% per year) is forecast to grow slower than the UK market (4.8% per year).

High Growth Revenue: JHD's revenue (3.4% 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 (24.2%)


Past Performance

How has James Halstead performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JHD has high quality earnings.

Growing Profit Margin: JHD's current net profit margins (15%) are higher than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: JHD's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: JHD's earnings growth over the past year (16%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: JHD earnings growth over the past year (16%) underperformed the Building industry 156.9%.


Return on Equity

High ROE: JHD's Return on Equity (25.5%) is considered high.


Financial Health

How is James Halstead's financial position?


Financial Position Analysis

Short Term Liabilities: JHD's short term assets (£187.7M) exceed its short term liabilities (£69.8M).

Long Term Liabilities: JHD's short term assets (£187.7M) exceed its long term liabilities (£8.2M).


Debt to Equity History and Analysis

Debt Level: JHD has more cash than its total debt.

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 (27942.5%).

Interest Coverage: JHD's interest payments on its debt are well covered by EBIT (340.5x coverage).


Balance Sheet


Dividend

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

2.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JHD's dividend (2.43%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: JHD's dividend (2.43%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


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 (79.7%), 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 (83.1% payout ratio).


Next Steps

Management

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

4.1yrs

Average board tenure


CEO

Mark Halstead

no data

Tenure

UK£445,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD607.37K) is below average for companies of similar size in the UK market ($USD1.56M).

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


Board Members

Experienced Board: JHD's board of directors are considered experienced (4.1 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 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
  • Implied Market Cap: UK£1.309b
  • Shares outstanding: 416.74m
  • Website: https://www.jameshalstead.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:14
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.