AIM:TPG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

TP Group plc, a technology service company, provides critical services and equipment to defense, space, and energy sector. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has TP Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TPG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-18.2%

TPG

0.3%

GB Machinery

-1.9%

GB Market


1 Year Return

-15.2%

TPG

21.3%

GB Machinery

-16.2%

GB Market

Return vs Industry: TPG underperformed the UK Machinery industry which returned 22.9% over the past year.

Return vs Market: TPG matched the UK Market which returned -14.8% over the past year.


Shareholder returns

TPGIndustryMarket
7 Day-18.2%0.3%-1.9%
30 Day-17.0%11.2%0.7%
90 Day-26.3%10.5%-4.8%
1 Year-15.2%-15.2%23.0%21.3%-13.0%-16.2%
3 Year-15.5%-15.5%16.3%8.5%-9.4%-20.6%
5 Year60.0%60.0%101.8%77.3%13.5%-12.0%

Price Volatility Vs. Market

How volatile is TP Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TP Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TPG (£0.06) is trading below our estimate of fair value (£0.17)

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


Price To Earnings Ratio

PE vs Industry: TPG is unprofitable, so we can't compare its PE Ratio to the GB Machinery industry average.

PE vs Market: TPG is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TPG is good value based on its PB Ratio (1.2x) compared to the GB Machinery industry average (1.7x).


Next Steps

Future Growth

How is TP Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TP Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has TP Group performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPG is currently unprofitable.

Growing Profit Margin: TPG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPG is unprofitable, but has reduced losses over the past 5 years at a rate of 20% per year.

Accelerating Growth: Unable to compare TPG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPG is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-13%).


Return on Equity

High ROE: TPG has a negative Return on Equity (-6.51%), as it is currently unprofitable.


Next Steps

Financial Health

How is TP Group's financial position?


Financial Position Analysis

Short Term Liabilities: TPG's short term assets (£35.0M) exceed its short term liabilities (£20.7M).

Long Term Liabilities: TPG's short term assets (£35.0M) exceed its long term liabilities (£14.1M).


Debt to Equity History and Analysis

Debt Level: TPG's debt to equity ratio (21.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TPG's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TPG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TPG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16.3% per year.


Next Steps

Dividend

What is TP Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TPG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TPG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TPG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Phil Cartmell (68 yo)

no data

Tenure

UK£403,000

Compensation

Mr. Philip Cartmell, also known as Phil, has been the Chief Executive Officer of Vega Group PLC since May 2001. Mr. Cartmell serves as the Chief Executive Officer of TP Group plc (formerly known as Corac G ...


CEO Compensation Analysis

Compensation vs Market: Phil's total compensation ($USD529.61K) is above average for companies of similar size in the UK market ($USD356.15K).

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


Board Members

NamePositionTenureCompensationOwnership
Philip Cartmell
CEO & Executive Directorno dataUK£403.00k0.40%
£ 174.9k
Derren Stroud
CFO & Executive Director4.58yrsUK£247.00k0.084%
£ 36.5k
Philip Holland
Independent Non-Executive Director3.67yrsUK£36.00k0.054%
£ 23.5k
Andrew McCree
Independent Non-Executive Chairman3.83yrsUK£70.00k0.043%
£ 18.6k
Jeremy Warner-Allen
Independent Non-Executive Director3.67yrsUK£36.00k0.24%
£ 103.5k

3.8yrs

Average Tenure

63yo

Average Age

Experienced Board: TPG's board of directors are considered experienced (3.8 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

TP Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TP Group plc
  • Ticker: TPG
  • Exchange: AIM
  • Founded: 1996
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: UK£43.365m
  • Shares outstanding: 777.57m
  • Website: https://www.tpgroup.uk.com

Number of Employees


Location

  • TP Group plc
  • Apex Plaza
  • Forbury Road
  • Reading
  • Berkshire
  • RG1 1AX
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2001
TPGP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2001
CVQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2001

Biography

TP Group plc, a technology service company, provides critical services and equipment to defense, space, and energy sector. It operates in two segments, Technology & Engineering and Consulting & Programme S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 22:33
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.