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SOM

Somero EnterprisesAIM:SOM Stock Report

Market Cap

UK£269.1m

7D

0%

1Y

65.5%

Updated

30 Nov, 2021

Data

Company Financials +
SOM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends4/6

SOM Stock Overview

Somero Enterprises, Inc., together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Somero Enterprises
Historical stock prices
Current Share PriceUK£4.80
52 Week HighUK£5.70
52 Week LowUK£2.81
Beta0.87
1 Month Change-2.04%
3 Month Change-1.03%
1 Year Change65.52%
3 Year Change43.71%
5 Year Change121.71%
Change since IPO265.02%

Recent News & Updates

Jul 09
Industry Analysts Just Made A Meaningful Upgrade To Their Somero Enterprises, Inc. (LON:SOM) Revenue Forecasts

Industry Analysts Just Made A Meaningful Upgrade To Their Somero Enterprises, Inc. (LON:SOM) Revenue Forecasts

Somero Enterprises, Inc. ( LON:SOM ) shareholders will have a reason to smile today, with the analysts making...

May 25
A Look At The Intrinsic Value Of Somero Enterprises, Inc. (LON:SOM)

A Look At The Intrinsic Value Of Somero Enterprises, Inc. (LON:SOM)

Today we will run through one way of estimating the intrinsic value of Somero Enterprises, Inc. ( LON:SOM ) by taking...

Shareholder Returns

SOMGB MachineryGB Market
7D0%-2.9%-2.6%
1Y65.5%24.9%10.9%

Return vs Industry: SOM exceeded the UK Machinery industry which returned 26.4% over the past year.

Return vs Market: SOM exceeded the UK Market which returned 13.8% over the past year.

Price Volatility

Is SOM's price volatile compared to industry and market?
SOM volatility
SOM Average Weekly Movement6.1%
Machinery Industry Average Movement4.7%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: SOM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SOM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985179Jack Cooneyhttps://www.somero.com

Somero Enterprises, Inc., together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment worldwide. It also offers related parts and accessories, as well as provides training services. The company’s proprietary products include the CopperHead, Mini Screed C, S-485 Laser Screed, S-940 Laser Screed, S-22EZ Advanced Laser Screed, S-15R Laser Screed, S-10A Laser Screed, S-158C Laser Screed, and S-22E Laser Screed machines, as well as the 3-D Profiler System software and the Somero Floor Levelness System.

Somero Enterprises Fundamentals Summary

How do Somero Enterprises's earnings and revenue compare to its market cap?
SOM fundamental statistics
Market CapUS$356.29m
Earnings (TTM)US$31.32m
Revenue (TTM)US$117.69m

11.4x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SOM income statement (TTM)
RevenueUS$117.69m
Cost of RevenueUS$50.43m
Gross ProfitUS$67.26m
ExpensesUS$35.94m
EarningsUS$31.32m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.56
Gross Margin57.15%
Net Profit Margin26.61%
Debt/Equity Ratio0%

How did SOM perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

39%

Payout Ratio

Valuation

Is Somero Enterprises undervalued compared to its fair value and its price relative to the market?

21.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SOM (£4.8) is trading below our estimate of fair value (£6.13)

Significantly Below Fair Value: SOM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SOM is good value based on its PE Ratio (11.4x) compared to the UK Machinery industry average (24.7x).

PE vs Market: SOM is good value based on its PE Ratio (11.4x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: SOM is poor value based on its PEG Ratio (4.7x)


Price to Book Ratio

PB vs Industry: SOM is overvalued based on its PB Ratio (5.5x) compared to the GB Machinery industry average (2.4x).


Future Growth

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

2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOM's forecast earnings growth (2.4% per year) is above the savings rate (0.9%).

Earnings vs Market: SOM's earnings (2.4% per year) are forecast to grow slower than the UK market (12.6% per year).

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

Revenue vs Market: SOM's revenue (8.9% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: SOM's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SOM's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Somero Enterprises performed over the past 5 years?

10.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SOM has high quality earnings.

Growing Profit Margin: SOM's current net profit margins (26.6%) are higher than last year (22%).


Past Earnings Growth Analysis

Earnings Trend: SOM's earnings have grown by 10.3% per year over the past 5 years.

Accelerating Growth: SOM's earnings growth over the past year (66.5%) exceeds its 5-year average (10.3% per year).

Earnings vs Industry: SOM earnings growth over the past year (66.5%) exceeded the Machinery industry 19.6%.


Return on Equity

High ROE: SOM's Return on Equity (48.5%) is considered outstanding.


Financial Health

How is Somero Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: SOM's short term assets ($59.0M) exceed its short term liabilities ($16.1M).

Long Term Liabilities: SOM's short term assets ($59.0M) exceed its long term liabilities ($4.0M).


Debt to Equity History and Analysis

Debt Level: SOM is debt free.

Reducing Debt: SOM has no debt compared to 5 years ago when its debt to equity ratio was 2.4%.

Debt Coverage: SOM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SOM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Somero Enterprises's current dividend yield, its reliability and sustainability?

6.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SOM's dividend (6.28%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: SOM's dividend (6.28%) is in the top 25% of dividend payers in the UK market (4.17%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SOM has been paying a dividend for less than 10 years.

Growing Dividend: SOM's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.2%), SOM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SOM's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Jack Cooney (74 yo)

23.92yrs

Tenure

US$777,885

Compensation

Mr. John Thomas Cooney, also known as Jack, has been the Chief Executive Officer of Somero Enterprises Inc. since December 1997 and serves as its President. He is the Chief Executive Officer of Somero Ente...


CEO Compensation Analysis

Compensation vs Market: Jack's total compensation ($USD777.89K) is about average for companies of similar size in the UK market ($USD766.55K).

Compensation vs Earnings: Jack's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SOM's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: SOM's board of directors are considered experienced (8.7 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

Somero Enterprises, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Somero Enterprises, Inc.
  • Ticker: SOM
  • Exchange: AIM
  • Founded: 1985
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: UK£269.089m
  • Shares outstanding: 56.06m
  • Website: https://www.somero.com

Number of Employees


Location

  • Somero Enterprises, Inc.
  • 14530 Global Parkway
  • Fort Myers
  • Florida
  • 33913
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 21:32
End of Day Share Price2021/11/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.