AIM:TPG

Stock Analysis Report

Executive Summary

TP Group plc, a specialist services and engineering company, provides integrity solutions and through-life support for applications in aerospace, defense, industrial, and government sectors worldwide.

Snowflake

Fundamentals

Flawless balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

TPG

-0.8%

GB Machinery

0.08%

GB Market


1 Year Return

0.8%

TPG

1.3%

GB Machinery

3.5%

GB Market

Return vs Industry: TPG matched the UK Machinery industry which returned 1.3% over the past year.

Return vs Market: TPG underperformed the UK Market which returned 3.5% over the past year.


Shareholder returns

TPGIndustryMarket
7 Day-0.8%-0.8%0.08%
30 Day-0.8%-7.4%-1.3%
90 Day-4.0%-11.4%-2.2%
1 Year0.8%0.8%4.3%1.3%9.0%3.5%
3 Year28.8%28.8%19.0%10.2%18.1%3.1%
5 Year46.7%46.7%23.0%6.4%36.2%5.3%

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?

1.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TPG (£0.07) is trading above our estimate of fair value (£0.02)

Significantly Below Fair Value: TPG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TPG is unprofitable, so we can't compare its PE Ratio to the 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 (1.4x) 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 1 analyst?

177.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TPG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TPG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TPG's revenue (23.8% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: TPG's revenue (23.8% per year) 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 TPG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has TP Group performed over the past 5 years?

53.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TPG is unprofitable, but has reduced losses over the past 5 years at a rate of 53.5% 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 (8.7%).


Return on Equity

High ROE: TPG has a negative Return on Equity (-0.93%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TPG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TPG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is TP Group's financial position?


Financial Position Analysis

Short Term Liabilities: TPG's short term assets (£34.5M) exceeds its short term liabilities (£25.0M)

Long Term Liabilities: TPG's short term assets (34.5M) exceeds its long term liabilities (10.1M)


Debt to Equity History and Analysis

Debt Level: TPG is debt free.

Reducing Debt: TPG currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Inventory Level: TPG has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TPG's debt is covered by short term assets.


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 0.8% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

2.8yrs

Average board tenure


CEO

Phil Cartmell (67yo)

0yrs

Tenure

UK£489,000

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 ($USD630.11K) is about average for companies of similar size in the UK market ($USD320.72K).

Compensation vs Earnings: Phil's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: TPG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Phil Cartmell (67yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£489.00k
  • Joel Thickins

    Country Head of Australia

    • Tenure: 3.6yrs
  • Claire MacPherson

    Company Secretary and Group Legal & Compliance Director

    • Tenure: 0yrs
  • Derren Stroud (48yo)

    CFO & Executive Director

    • Tenure: 3.6yrs
    • Compensation: UK£285.00k

Board Members

  • Phil Cartmell (67yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£489.00k
  • Phil Holland (49yo)

    Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: UK£32.00k
  • Andrew McCree (62yo)

    Non-Executive Chairman

    • Tenure: 2.8yrs
    • Compensation: UK£65.00k
  • Derren Stroud (48yo)

    CFO & Executive Director

    • Tenure: 3.6yrs
    • Compensation: UK£285.00k
  • Jeremy Warner-Allen (63yo)

    Independent Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: UK£35.00k

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£51.133m
  • Shares outstanding: 777.57m
  • Website: https://www.tpgroup.uk.com

Number of Employees


Location

  • TP Group plc
  • A2/1064, Cody Technology Park
  • Farnborough
  • Hampshire
  • GU14 0LX
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2001

Biography

TP Group plc, a specialist services and engineering company, provides integrity solutions and through-life support for applications in aerospace, defense, industrial, and government sectors worldwide. It o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:36
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.