FW Thorpe
Market Cap
UK£378.8m
Last Updated
2021/01/20 18:47 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. More Details
Snowflake Analysis
Excellent balance sheet second-rate dividend payer.
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 is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TFW's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
TFW
2.8%
GB Electrical
-0.3%
GB Market
1 Year Return
-5.2%
TFW
20.5%
GB Electrical
-7.9%
GB Market
Return vs Industry: TFW underperformed the UK Electrical industry which returned 20.5% over the past year.
Return vs Market: TFW exceeded the UK Market which returned -7.9% over the past year.
Shareholder returns
| TFW | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 2.8% | -0.3% |
| 30 Day | -3.0% | 21.5% | 5.4% |
| 90 Day | 11.3% | 61.7% | 15.7% |
| 1 Year | -3.4%-5.2% | 20.7%20.5% | -4.1%-7.9% |
| 3 Year | 1.2%-4.4% | 37.9%32.2% | 4.2%-8.5% |
| 5 Year | 59.0%44.4% | 365.0%-81.4% | 45.0%12.1% |
Long-Term 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
1 week ago | Simply Wall St
Are Robust Financials Driving The Recent Rally In FW Thorpe Plc's (LON:TFW) Stock?3 weeks ago | Simply Wall St
What You Need To Know About FW Thorpe Plc's (LON:TFW) Investor Composition1 month ago | Simply Wall St
Here's What You Should Know About FW Thorpe Plc's (LON:TFW) 1.7% Dividend YieldValuation
Is FW Thorpe undervalued compared to its fair value and its price relative to the market?
28.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TFW (£3.25) is trading above our estimate of fair value (£1.43)
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 (28.4x) compared to the GB Electrical industry average (30.2x).
PE vs Market: TFW is poor value based on its PE Ratio (28.4x) compared to the UK market (22.8x).
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 good value based on its PB Ratio (2.9x) compared to the GB Electrical industry average (3.1x).
Next Steps
Future Growth
How is FW Thorpe forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
59.7%
Forecasted Capital Goods industry annual growth in earnings
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%).
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: Insufficient data to determine if TFW's revenue is forecast to grow faster than the UK market.
High Growth Revenue: Insufficient data to determine if TFW's revenue is forecast to grow faster 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?
4.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TFW has high quality earnings.
Growing Profit Margin: TFW's current net profit margins (11.7%) are lower than last year (14.6%).
Past Earnings Growth Analysis
Earnings Trend: TFW's earnings have grown by 4.7% 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 (-17.5%) over the past year, making it difficult to compare to the Electrical industry average (20.1%).
Return on Equity
High ROE: TFW's Return on Equity (10.4%) 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 (£110.2M) exceed its short term liabilities (£37.2M).
Long Term Liabilities: TFW's short term assets (£110.2M) exceed its long term liabilities (£3.8M).
Debt to Equity History and Analysis
Debt Level: TFW's debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TFW's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TFW's debt is well covered by operating cash flow (983.4%).
Interest Coverage: TFW earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is FW Thorpe current dividend yield, its reliability and sustainability?
1.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TFW's dividend (1.74%) is higher than the bottom 25% of dividend payers in the UK market (1.54%).
High Dividend: TFW's dividend (1.74%) is low compared to the top 25% of dividend payers in the UK market (4.54%).
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 (49.4%), 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?
10.6yrs
Average management tenure
CEO
Mike Allcock
10.58yrs
Tenure
UK£399,000
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 ($USD544.29K) is below average for companies of similar size in the UK market ($USD822.07K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.58yrs | UK£399.00k | 0.16% £ 622.4k | |
| Joint Group Chief Executive | no data | UK£427.00k | 0.056% £ 211.2k | |
| Executive Director & MD of Philip Payne Limited | 12.67yrs | UK£251.00k | 0.13% £ 477.4k | |
| Business Development Director of Thorlux Lighting & Executive Director | 3.5yrs | UK£228.00k | 1.18% £ 4.5m |
10.6yrs
Average Tenure
46yo
Average Age
Experienced Management: TFW's management team is seasoned and experienced (10.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.58yrs | UK£399.00k | 0.16% £ 622.4k | |
| Joint Group Chief Executive | no data | UK£427.00k | 0.056% £ 211.2k | |
| Executive Director & MD of Philip Payne Limited | 12.67yrs | UK£251.00k | 0.13% £ 477.4k | |
| Business Development Director of Thorlux Lighting & Executive Director | 3.5yrs | UK£228.00k | 1.18% £ 4.5m | |
| Non-Executive Director | 10.58yrs | UK£39.00k | 1.4% £ 5.3m | |
| Non-Executive Director | 1.5yrs | UK£48.00k | 23.75% £ 90.0m | |
| Non-Executive Director | 12.67yrs | UK£159.00k | 0.096% £ 364.7k | |
| Non-Executive Director | 23.25yrs | UK£49.00k | 22.17% £ 84.0m |
10.6yrs
Average Tenure
57yo
Average Age
Experienced Board: TFW's board of directors are seasoned and experienced ( 10.6 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£378.774m
- Shares outstanding: 116.55m
- 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) | 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 pr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 18:47 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.