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600 Group

AIM:SIXH
Snowflake Description

Very undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIXH
AIM
£23M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

The 600 Group PLC designs, manufactures, and distributes machine tools, precision engineered components, and industrial laser systems in the United Kingdom, the United States, Europe, and internationally. The last earnings update was 8 days ago. More info.


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  • 600 Group has significant price volatility in the past 3 months.
SIXH Share Price and Events
7 Day Returns
-0.8%
AIM:SIXH
-0.6%
GB Machinery
0.2%
GB Market
1 Year Returns
9.7%
AIM:SIXH
-7.7%
GB Machinery
-2%
GB Market
SIXH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
600 Group (SIXH) -0.8% 9.7% 42.6% 9.7% 132.4% -11.7%
GB Machinery -0.6% -1.7% -4.2% -7.7% 32.5% 2.5%
GB Market 0.2% 1.3% 0.1% -2% 11.2% 6.3%
1 Year Return vs Industry and Market
  • SIXH outperformed the Machinery industry which returned -7.7% over the past year.
  • SIXH outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2% over the past year.
Price Volatility
SIXH
Industry
5yr Volatility vs Market

SIXH Value

 Is 600 Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 600 Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for 600 Group.

AIM:SIXH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:SIXH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 19%) (53.4%))
1.369
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.369 * 6.65%)
10.33%

Discounted Cash Flow Calculation for AIM:SIXH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 600 Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:SIXH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.33%)
2020 3.20 Analyst x1 2.90
2021 4.30 Analyst x1 3.53
2022 5.20 Est @ 20.92% 3.87
2023 5.98 Est @ 15.01% 4.04
2024 6.63 Est @ 10.88% 4.06
2025 7.16 Est @ 7.98% 3.97
2026 7.59 Est @ 5.96% 3.81
2027 7.93 Est @ 4.54% 3.61
2028 8.21 Est @ 3.54% 3.39
2029 8.45 Est @ 2.85% 3.16
Present value of next 10 years cash flows $36.33
AIM:SIXH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $8.45 × (1 + 1.23%) ÷ (10.33% – 1.23%)
$93.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $93.88 ÷ (1 + 10.33%)10
$35.11
AIM:SIXH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $36.33 + $35.11
$71.45
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $71.45 / 117.47
$0.61
AIM:SIXH Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:SIXH)
0.8
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $0.61 x 0.8
£0.49
Value per share (GBP) From above. £0.49
Current discount Discount to share price of £0.20
= -1 x (£0.20 - £0.49) / £0.49
59.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price 600 Group is available for.
Intrinsic value
>50%
Share price is £0.1975 vs Future cash flow value of £0.48645
Current Discount Checks
For 600 Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 600 Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • 600 Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 600 Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 600 Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SIXH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $0.04
AIM:SIXH Share Price ** AIM (2019-07-19) in GBP £0.2
AIM:SIXH Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.25 $0.25
United Kingdom of Great Britain and Northern Ireland Machinery Industry PE Ratio Median Figure of 21 Publicly-Listed Machinery Companies 17.92x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 792 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of 600 Group.

AIM:SIXH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SIXH Share Price ÷ EPS (both in USD)

= 0.25 ÷ 0.04

6.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 600 Group is good value based on earnings compared to the GB Machinery industry average.
  • 600 Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does 600 Group's expected growth come at a high price?
Raw Data
AIM:SIXH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
7%per year
United Kingdom of Great Britain and Northern Ireland Machinery Industry PEG Ratio Median Figure of 15 Publicly-Listed Machinery Companies 2.41x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

AIM:SIXH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.59x ÷ 7%

0.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 600 Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on 600 Group's assets?
Raw Data
AIM:SIXH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $0.26
AIM:SIXH Share Price * AIM (2019-07-19) in GBP £0.2
AIM:SIXH Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.25 $0.25
United Kingdom of Great Britain and Northern Ireland Machinery Industry PB Ratio Median Figure of 24 Publicly-Listed Machinery Companies 1.87x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
AIM:SIXH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SIXH Share Price ÷ Book Value per Share (both in USD)

= 0.25 ÷ 0.26

0.94x

* Primary Listing of 600 Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 600 Group is good value based on assets compared to the GB Machinery industry average.
X
Value checks
We assess 600 Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. 600 Group has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SIXH Future Performance

 How is 600 Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 600 Group expected to grow at an attractive rate?
  • 600 Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • 600 Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • 600 Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:SIXH Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:SIXH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 7%
AIM:SIXH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.3%
United Kingdom of Great Britain and Northern Ireland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 7.4%
United Kingdom of Great Britain and Northern Ireland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:SIXH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:SIXH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 82 5 5 2
2020-03-31 77 4 4 2
2019-03-31 70 2 4 2
AIM:SIXH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 65 2 4
2018-09-29 67 1 2
2018-06-29 66 1 2
2018-03-31 64 0 3
2017-12-31 64 0 3
2017-09-30 60 0 3
2017-06-30 60 0 3
2017-04-01 59 -1 3
2017-01-01 57 -2 2
2016-10-01 59 -2 1
2016-07-01 60 -1 2
2016-04-02 64 0 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 600 Group's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • 600 Group's revenue is expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:SIXH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from 600 Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SIXH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.04 0.04 0.04 1.00
2020-03-31 0.04 0.04 0.04 1.00
2019-03-31 0.03 0.03 0.03 1.00
AIM:SIXH Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 0.04
2018-09-29 0.02
2018-06-29 0.02
2018-03-31 0.02
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-04-01 0.02
2017-01-01 0.02
2016-10-01 0.02
2016-07-01 0.02
2016-04-02 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if 600 Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess 600 Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
600 Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SIXH Past Performance

  How has 600 Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 600 Group's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 600 Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • 600 Group's 1-year earnings growth exceeds its 5-year average (62.8% vs -6.7%)
  • 600 Group's earnings growth has exceeded the GB Machinery industry average in the past year (62.8% vs 16.7%).
Earnings and Revenue History
600 Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 600 Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SIXH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 65.17 4.23 18.28
2018-09-29 66.62 1.83 19.19
2018-06-29 66.32 2.44 19.01
2018-03-31 63.94 2.59 18.82
2017-12-31 63.51 3.27 18.06
2017-09-30 59.92 3.49 16.97
2017-06-30 59.84 3.05 16.98
2017-04-01 58.79 2.57 16.71
2017-01-01 56.87 1.98 18.80
2016-10-01 58.71 1.49 21.21
2016-07-01 59.92 1.53 21.17
2016-04-02 64.17 1.64 22.17
2016-01-02 67.37 1.81 20.09
2015-09-26 69.88 1.96 17.59
2015-06-26 70.76 2.85 17.79
2015-03-28 65.18 3.47 16.37
2014-12-28 66.60 4.30 16.80
2014-09-27 67.99 5.19 17.24
2014-06-27 71.08 4.29 18.23
2014-03-29 69.38 3.08 17.99
2013-12-29 69.70 3.53 18.45
2013-09-28 69.07 5.46 16.28
2013-06-28 64.29 4.36 15.60
2013-03-30 63.45 3.58 15.85
2012-12-30 65.49 0.09 20.89
2012-09-29 63.34 -5.17 27.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • 600 Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • 600 Group used its assets more efficiently than the GB Machinery industry average last year based on Return on Assets.
  • 600 Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess 600 Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
600 Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SIXH Health

 How is 600 Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up 600 Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 600 Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 600 Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 600 Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from 600 Group Company Filings, last reported 3 months ago.

AIM:SIXH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 29.64 15.28 0.95
2018-09-29 28.31 17.71 0.75
2018-06-29 28.31 17.71 0.75
2018-03-31 58.59 17.11 1.68
2017-12-31 58.74 17.11 1.68
2017-09-30 62.95 16.72 0.66
2017-06-30 60.98 16.20 0.64
2017-04-01 64.29 18.23 1.35
2017-01-01 62.07 17.99 1.33
2016-10-01 49.63 19.62 1.23
2016-07-01 50.55 19.99 1.25
2016-04-02 57.89 20.43 1.08
2016-01-02 60.24 21.25 1.13
2015-09-26 53.84 20.08 2.10
2015-06-26 55.90 20.85 2.18
2015-03-28 51.69 17.16 1.34
2014-12-28 54.03 17.94 1.40
2014-09-27 37.19 12.56 1.98
2014-06-27 38.94 13.15 2.08
2014-03-29 37.50 10.26 1.91
2013-12-29 37.18 10.18 1.89
2013-09-28 35.25 11.14 2.02
2013-06-28 33.21 10.49 1.90
2013-03-30 32.89 9.38 1.56
2012-12-30 34.98 9.98 1.66
2012-09-29 18.45 12.54 1.44
  • 600 Group's level of debt (52.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.8% vs 52.3% today).
  • Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess 600 Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 600 Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SIXH Dividends

 What is 600 Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.02%
Current annual income from 600 Group dividends. Estimated to be 5.37% next year.
If you bought £2,000 of 600 Group shares you are expected to receive £100 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 600 Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • 600 Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Upcoming dividend payment

Purchase 600 Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:SIXH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:SIXH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.01 2.00
2020-03-31 0.01 2.00
2019-03-31 0.01 2.00
AIM:SIXH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-12 0.012 5.092
2019-07-10 0.012 5.056
2018-11-19 0.006 3.283
2018-07-25 0.007 3.053
2018-07-20 0.007 2.759

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether 600 Group has stable dividend payments.
  • 600 Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of 600 Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess 600 Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 600 Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 600 Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SIXH Management

 What is the CEO of 600 Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • 600 Group has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the 600 Group management team in years:

2.3
Average Tenure
  • The tenure for the 600 Group management team is about average.
Management Team

Paul Dupee

TITLE
Executive Chairman
COMPENSATION
$357K
AGE
75

Neil Carrick

TITLE
Group Finance Director
COMPENSATION
$322K
AGE
57
TENURE
7.8 yrs

Terry Allison

TITLE
Chief Operating Officer
TENURE
0.7 yrs

David Grimes

TITLE
Chief Technology Officer
TENURE
0.3 yrs

David Richardson

TITLE
Managing Director of Machine Tools Division

Don Haselton

TITLE
Managing Director of Development
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the 600 Group board of directors in years:

7.8
Average Tenure
68
Average Age
  • The tenure for the 600 Group board of directors is about average.
Board of Directors

Paul Dupee

TITLE
Executive Chairman
COMPENSATION
$357K
AGE
75
TENURE
7.8 yrs

Neil Carrick

TITLE
Group Finance Director
COMPENSATION
$322K
AGE
57
TENURE
7.8 yrs

Derek Zissman

TITLE
Senior Non-Executive Director
COMPENSATION
$43K
AGE
75

Stephen Fiamma

TITLE
Non-Executive Director
COMPENSATION
$43K
AGE
66
TENURE
4.2 yrs

Stephen Rutherford

TITLE
Non-Executive Director
COMPENSATION
$43K
AGE
68
TENURE
11.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
15. Jan 19 Sell David Grimes Individual 15. Jan 19 15. Jan 19 -3,150,000 £0.14 £-440,999
15. Jan 19 Buy Stephen Fiamma Individual 15. Jan 19 15. Jan 19 300,000 £0.14 £42,000
X
Management checks
We assess 600 Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 600 Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SIXH News

Simply Wall St News

Shareholders Should Look Hard At The 600 Group PLC’s (LON:SIXH) 8.5% Return On Capital

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for 600 Group: 0.085 = US$3.5m ÷ (US$57m - US$16m) (Based on the trailing twelve months to March 2019.) So, 600 Group has an ROCE of 8.5%. … Do 600 Group's Current Liabilities Skew Its ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

The 600 Group PLC (LON:SIXH): The Best Of Both Worlds

According to my intrinsic value of the stock, which is driven by analyst consensus forecast of SIXH's earnings, investors now have the opportunity to buy into the stock to reap capital gains. … Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. … We aim to bring you long-term focused research analysis driven by fundamental data.

Simply Wall St -

Have Insiders Been Selling The 600 Group PLC (LON:SIXH) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in The 600 Group PLC (LON:SIXH). … Check out our latest analysis for 600 Group 600 Group Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Chief Technology Officer, David Grimes, sold UK£441k worth of shares at a price of UK£0.14 per share. … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign.

Simply Wall St -

Is There Now An Opportunity In The 600 Group PLC (LON:SIXH)?

However, given that 600 Group’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand The 600 Group PLC (LON:SIXH)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 11.48 = $0.19 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.016

Simply Wall St -

What You Should Know About The 600 Group PLC's (LON:SIXH) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

How Good Is The 600 Group PLC (LON:SIXH) At Creating Shareholder Value?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Should 600 Group (LON:SIXH) Be Disappointed With Their 78% Profit?

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the three years of share price growth, 600 Group actually saw its earnings per share (EPS) drop 9.3% per year. … What's clear is that historic earnings and revenue aren't matching up with the share price action, very well

Simply Wall St -

Is The 600 Group PLC's (LON:SIXH) P/E Ratio Really That Good?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at The 600 Group PLC's (LON:SIXH) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Have Insiders Been Selling The 600 Group PLC (LON:SIXH) Shares?

So we'll take a look at whether insiders have been buying or selling shares in The 600 Group PLC (LON:SIXH). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'? … That means that an insider was selling shares at slightly below the current price (UK£0.15).

Simply Wall St -

SIXH Company Info

Description

The 600 Group PLC designs, manufactures, and distributes machine tools, precision engineered components, and industrial laser systems in the United Kingdom, the United States, Europe, and internationally. It operates through two segments, Machine Tools and Precision Engineered Components; and Industrial Laser Systems. It offers machine tools, including center, manual/CNC combination, and CNC lathes, as well as CNC turning centers, saws, drills, milling machines, and grinding machines. The company provides its machine tools under the Colchester, Harrison, and Clausing brand names. It also offers precision engineered components that comprise work holding chucks under the Pratt Burnerd brand name; taper roller bearings under the Gamet Bearings brand name; and machine tool spares. In addition, the company provides industrial laser marking systems under the TYKMA Electrox brand name. The 600 Group PLC was founded in 1932 and is headquartered in Elland, the United Kingdom.

Details
Name: The 600 Group PLC
SIXH
Exchange: AIM
Founded: 1932
£23,200,984
117,473,341
Website: http://www.600group.com
Address: The 600 Group PLC
Lowfields Way,
Lowfield Business Park,
Elland,
West Yorkshire, HX5 9DA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SIXH Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
193
600 Group employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:38
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/07/12
Last earnings reported: 2019/03/30
Last annual earnings reported: 2019/03/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.