FW Thorpe
Market Cap
UK£350.2m
Last Updated
2020/07/02 21:02 UTC
Data Sources
Company Financials +
Executive Summary
FW Thorpe Plc, together with its subsidiaries, designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Europe, and internationally.
Rewards
PE ratio (23.5x) is below the Electrical industry average (23.5x)
Risk Analysis
No risks detected for TFW from our risk checks.
Snowflake Analysis
Flawless balance sheet with questionable track record.
Share Price & News
How has FW Thorpe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TFW has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.8%
TFW
6.2%
GB Electrical
1.3%
GB Market
1 Year Return
-5.9%
TFW
-8.5%
GB Electrical
-15.0%
GB Market
Return vs Industry: TFW exceeded the UK Electrical industry which returned -11.3% over the past year.
Return vs Market: TFW exceeded the UK Market which returned -16.2% over the past year.
Shareholder returns
| TFW | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.8% | 6.2% | 1.3% |
| 30 Day | -10.7% | -3.2% | -0.3% |
| 90 Day | 16.2% | 65.0% | 18.1% |
| 1 Year | -4.0%-5.9% | -7.8%-8.5% | -11.0%-15.0% |
| 3 Year | -19.1%-23.3% | -23.4%-26.9% | -2.2%-14.2% |
| 5 Year | 86.4%69.6% | 163.7%-88.1% | 18.2%-8.1% |
Price Volatility Vs. Market
How volatile is FW Thorpe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
FW Thorpe Plc's (LON:TFW) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?3 weeks ago | Simply Wall St
Why FW Thorpe Plc's (LON:TFW) CEO Pay Matters To You1 month ago | Simply Wall St
Introducing FW Thorpe (LON:TFW), A Stock That Climbed 95% In The Last Five YearsValuation
Is FW Thorpe undervalued compared to its fair value and its price relative to the market?
23.51x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TFW (£3.01) is trading above our estimate of fair value (£1.46)
Significantly Below Fair Value: TFW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TFW is good value based on its PE Ratio (23.5x) compared to the Electrical industry average (23.5x).
PE vs Market: TFW is poor value based on its PE Ratio (23.5x) compared to the UK market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TFW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TFW is overvalued based on its PB Ratio (2.8x) compared to the GB Electrical industry average (2.5x).
Next Steps
Future Growth
How is FW Thorpe forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
2.0%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if TFW's forecast earnings growth is above the savings rate (1.2%).
Earnings vs Market: Insufficient data to determine if TFW'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: TFW's revenue (2% per year) is forecast to grow slower than the UK market (3.2% per year).
High Growth Revenue: TFW's revenue (2% 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 TFW's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has FW Thorpe performed over the past 5 years?
7.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TFW has high quality earnings.
Growing Profit Margin: TFW's current net profit margins (12.9%) are lower than last year (15.5%).
Past Earnings Growth Analysis
Earnings Trend: TFW's earnings have grown by 7.9% per year over the past 5 years.
Accelerating Growth: TFW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TFW had negative earnings growth (-12.3%) over the past year, making it difficult to compare to the Electrical industry average (-11.3%).
Return on Equity
High ROE: TFW's Return on Equity (12.1%) is considered low.
Next Steps
Financial Health
How is FW Thorpe's financial position?
Financial Position Analysis
Short Term Liabilities: TFW's short term assets (£98.7M) exceed its short term liabilities (£19.5M).
Long Term Liabilities: TFW's short term assets (£98.7M) exceed its long term liabilities (£17.2M).
Debt to Equity History and Analysis
Debt Level: TFW is debt free.
Reducing Debt: TFW had no debt 5 years ago.
Debt Coverage: TFW has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TFW has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is FW Thorpe current dividend yield, its reliability and sustainability?
1.84%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TFW's dividend (1.84%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: TFW's dividend (1.84%) is low compared to the top 25% of dividend payers in the UK market (5.57%).
Stability and Growth of Payments
Stable Dividend: TFW's dividend payments have been volatile in the past 10 years.
Growing Dividend: TFW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.4%), TFW's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.1yrs
Average board tenure
CEO
Mike Allcock
10.08yrs
Tenure
UK£663,755
Compensation
Mr. Michael Allcock, also known as Mike, FIEE has been Group Joint Chief Executive of F.W. Thorpe PLC since June 28, 2010 and its Chairman since July 3, 2017. Mr. Allcock has been the Managing Director of ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD827.33K) is about average for companies of similar size in the UK market ($USD921.24K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.08yrs | UK£663.76k | 0.15% £528.2k | |
| Joint Group Chief Executive | no data | UK£511.88k | 0.043% £150.5k | |
| Executive Director & MD of Philip Payne Limited | 12.17yrs | UK£398.39k | 0.11% £400.0k | |
| Business Development Director of Thorlux Lighting & Executive Director | 3yrs | UK£215.88k | 1.18% £4.1m | |
| Non-Executive Director | 10.08yrs | UK£33.00k | 1.4% £4.9m | |
| Non-Executive Director | no data | UK£328.00k | 23.8% £83.3m | |
| Non-Executive Director | 12.17yrs | UK£374.70k | no data | |
| Non-Executive Director | 22.75yrs | UK£43.00k | 22.21% £77.8m |
11.1yrs
Average Tenure
57yo
Average Age
Experienced Board: TFW's board of directors are seasoned and experienced ( 11.1 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
FW Thorpe Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: FW Thorpe Plc
- Ticker: TFW
- Exchange: AIM
- Founded: 1936
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: UK£350.155m
- Shares outstanding: 116.33m
- Website: https://www.fwthorpe.co.uk
Number of Employees
Location
- FW Thorpe Plc
- Merse Road
- North Moons Moat
- Redditch
- Worcestershire
- B98 9HH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TFW | AIM (London Stock Exchange AIM Market) | ORD GBP0.01 (POST SUBD) | GB | GBP | No data | |
| TFW | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
FW Thorpe Plc, together with its subsidiaries, designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Europe, and internationally. The company offers professional lighting and control systems, including recessed, surface, and suspended luminaires; emergency lighting systems; hazardous area lighting; high and low bay luminaires; lighting controls; and exterior lighting products for commercial, industrial, education, healthcare, manufacturing, retail, display, and hospitality markets. It also provides emergency exit signage and lighting systems for commercial, hospitality, and healthcare markets; and clean room lighting equipment and luminaires for laboratories, pharmaceutical, and semiconductor manufacturing areas, including hospitals, kitchens, and food preparation applications. In addition, the company offers lighting products to the advertising, brewery, retail, and sign lighting industries; and street lighting, outdoor wall and ceiling luminaires, amenity lighting products, and LED road and tunnel luminaires for infrastructure, housing, and car parking areas. Further, it provides LED industrial luminaries, LED retail and display luminaries, customized LED solutions, and LED optics for emergency vehicles, general automotive, and other customer applications. The company offers its lighting products under the Thorlux Lighting, Philip Payne, Solite, Portland Lighting, TRT Lighting, Lightronics, Famostar, and Luxintec brands. FW Thorpe Plc was founded in 1936 and is headquartered in Redditch, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/02 21:02 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.