Speedy Hire
Market Cap
UK£292.0m
Last Updated
2019/10/19 20:34 UTC
Data Sources
Company Financials +
Executive Summary
Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, the United Arab Emirates, and internationally.
Snowflake
Fundamentals
Very undervalued with proven track record.
Similar Companies
Share Price & News
How has Speedy Hire's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.4%
SDY
0.1%
GB Trade Distributors
-0.4%
GB Market
1 Year Return
-9.4%
SDY
7.8%
GB Trade Distributors
2.9%
GB Market
Return vs Industry: SDY underperformed the UK Trade Distributors industry which returned 7.8% over the past year.
Return vs Market: SDY underperformed the UK Market which returned 2.9% over the past year.
Shareholder returns
| SDY | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 0.1% | -0.4% |
| 30 Day | 4.1% | 0.5% | -1.4% |
| 90 Day | -1.4% | 2.5% | -2.1% |
| 1 Year | -6.3%-9.4% | 12.4%7.8% | 7.9%2.9% |
| 3 Year | 54.9%43.2% | 41.0%28.0% | 18.0%3.6% |
| 5 Year | -0.04%-10.4% | 81.9%58.0% | 35.8%6.4% |
Price Volatility Vs. Market
How volatile is Speedy Hire's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Is There An Opportunity With Speedy Hire Plc's (LON:SDY) 46% Undervaluation?2 weeks ago | Simply Wall St
Should Speedy Hire (LON:SDY) Be Disappointed With Their 36% Profit?3 weeks ago | Simply Wall St
Can Speedy Hire Plc (LON:SDY) Improve Its Returns?Valuation
Is Speedy Hire undervalued compared to its fair value and its price relative to the market?
45.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: SDY (£0.56) is trading below our estimate of fair value (£1.04)
Significantly Undervalued: SDY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SDY is good value based on its PE Ratio (13.2x) compared to the Trade Distributors industry average (15.8x).
PE vs Market: SDY is good value based on its PE Ratio (13.2x) compared to the UK market (16.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: SDY is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: SDY is good value based on its PB Ratio (1.4x) compared to the GB Trade Distributors industry average (1.9x).
Next Steps
Future Growth
How is Speedy Hire forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
14.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SDY's forecast earnings growth (14.2% per year) is above the savings rate (1.2%).
Earnings vs Market: SDY's earnings (14.2% per year) are forecast to grow faster than the UK market (12.6% per year).
High Growth Earnings: SDY's earnings are forecast to grow, but not significantly.
Revenue vs Market: SDY's revenue (4% per year) is forecast to grow faster than the UK market (3.9% per year).
High Growth Revenue: SDY's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SDY's Return on Equity is forecast to be low in 3 years time (15.1%).
Next Steps
Past Performance
How has Speedy Hire performed over the past 5 years?
34.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SDY's earnings have grown significantly by 34.5% per year over the past 5 years.
Accelerating Growth: SDY's earnings growth over the past year (56.7%) exceeds its 5-year average (34.5% per year).
Earnings vs Industry: SDY earnings growth over the past year (56.7%) exceeded the Trade Distributors industry 3.4%.
Return on Equity
High ROE: SDY's Return on Equity (10.5%) is considered low.
Return on Assets
ROA vs Industry: SDY's Return on Assets is below or equal to the Trade Distributors industry average last year.
Return on Capital Employed
ROCE Improving: SDY has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Speedy Hire's financial position?
Financial Position Analysis
Short Term Liabilities: SDY's short term assets (£126.9M) exceeds its short term liabilities (£97.9M)
Long Term Liabilities: SDY's short term assets (126.9M) exceeds its long term liabilities (113.5M)
Debt to Equity History and Analysis
Debt Level: SDY's debt to equity ratio (47.8%) is considered high
Reducing Debt: SDY's debt to equity ratio has increased from 36.5% to 47.8% over the past 5 years.
Debt Coverage: SDY's debt is well covered by operating cash flow (26.2%).
Interest Coverage: SDY's interest payments on its debt are well covered by EBIT (10.1x coverage).
Balance Sheet
Inventory Level: SDY has a low level of unsold assets or inventory.
Debt Coverage by Assets: SDY's debt is covered by short term assets (assets are 1.257680x debt).
Next Steps
Dividend
What is Speedy Hire's current dividend yield, its reliability and sustainability?
3.56%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SDY's dividend (3.56%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).
High Dividend: SDY's dividend (3.56%) is low compared to the top 25% of dividend payers in the UK market (5.36%).
Stable Dividend: SDY's dividend payments have been volatile in the past 10 years.
Growing Dividend: SDY's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.9%), SDY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SDY's dividends in 3 years are forecast to be well covered by earnings (41.3% payout ratio).
Next Steps
Management
What is the CEO of Speedy Hire's salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average management tenure
CEO
Russell Down (54yo)
4.3yrs
Tenure
UK£1,278,000
Compensation
Mr. Russell Down has been the Chief Executive Officer of Speedy Hire Plc since July 1, 2015. Mr. Down served as Group Finance Director of Speedy Hire Plc from April 06, 2015 to December 3, 2015. He served ...
CEO Compensation Analysis
Compensation vs. Market: Russell's total compensation ($USD1.65M) is about average for companies of similar size in the UK market ($USD875.35K).
Compensation vs Earnings: Russell's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.8yrs
Average Tenure
Experienced Management: SDY's management team is considered experienced (4.8 years average tenure).
Board Age and Tenure
3.5yrs
Average Tenure
58yo
Average Age
Experienced Board: SDY's board of directors are considered experienced (3.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman of the Board |
| Shares | 100,000 |
| Max Price | UK£0.64 |
Ownership Breakdown
Management Team
Andy Carter (53yo)
Managing Director of Speedy Asset Services - Equipment
- Tenure: 10.9yrs
Russell Down (54yo)
CEO & Executive Director
- Tenure: 4.3yrs
- Compensation: UK£1.28m
Chris Morgan
Group Finance Director & Executive Director
- Tenure: 3.5yrs
- Compensation: UK£810.00k
Tracey Atkin
Chief Operations Officer and Group Assets & Information Director
- Tenure: 0yrs
Tony Bennett
Corporate Development Officer
- Tenure: 5.3yrs
Ed Cowell
Head of Major Accounts and Group Sales & Marketing Director
- Tenure: 0yrs
John Fahey
Director of Communications
- Tenure: 0yrs
Cathy Dawson
Group HR Director
- Tenure: 0yrs
Neil Hunt
Company Secretary
- Tenure: 0yrs
Board Members
Bob Contreras (56yo)
Senior Independent Director
- Tenure: 3.6yrs
- Compensation: UK£53.00k
David N. Garman (67yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
- Compensation: UK£41.00k
David James Shearer (60yo)
Independent Chairman of the Board
- Tenure: 1yrs
- Compensation: UK£86.00k
Russell Down (54yo)
CEO & Executive Director
- Tenure: 4.3yrs
- Compensation: UK£1.28m
Chris Morgan
Group Finance Director & Executive Director
- Tenure: 3.5yrs
- Compensation: UK£810.00k
Rob Barclay
Independent Non-Executive Director
- Tenure: 3.5yrs
- Compensation: UK£48.00k
Rhian Bartlett
Independent Non-Executive Director
- Tenure: 0.3yrs
Company Information
Speedy Hire Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Speedy Hire Plc
- Ticker: SDY
- Exchange: LSE
- Founded: 1968
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: UK£292.007m
- Shares outstanding: 519.58m
- Website: https://www.speedyservices.com
Number of Employees
Location
- Speedy Hire Plc
- Chase House
- 16 The Parks
- Newton-le-Willows
- Merseyside
- WA12 0JQ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SDY | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| SDYl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, the United Ar ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:34 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.