company background image
SDY

Speedy HireLSE:SDY Stock Report

Market Cap

UK£330.2m

7D

-1.3%

1Y

23.1%

Updated

26 Oct, 2021

Data

Company Financials +
SDY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends3/6

SDY Overview

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 and Ireland.

Speedy Hire Competitors

United Rentals

NYSE:URI

US$26.5b

H&E Equipment Services

NasdaqGS:HEES

US$1.7b

Nishio Rent All

TSE:9699

JP¥77.5b

Price History & Performance

Summary of all time highs, changes and price drops for Speedy Hire
Historical stock prices
Current Share PriceUK£0.63
52 Week HighUK£0.49
52 Week LowUK£0.82
Beta1.26
1 Month Change-6.27%
3 Month Change-6.27%
1 Year Change23.14%
3 Year Change10.95%
5 Year Change64.18%
Change since IPO-49.76%

Recent News & Updates

Sep 03
Here's Why Shareholders May Want To Be Cautious With Increasing Speedy Hire Plc's (LON:SDY) CEO Pay Packet

Here's Why Shareholders May Want To Be Cautious With Increasing Speedy Hire Plc's (LON:SDY) CEO Pay Packet

The share price of Speedy Hire Plc ( LON:SDY ) has been growing in the past few years, however, the per-share earnings...

Apr 15
The Return Trends At Speedy Hire (LON:SDY) Look Promising

The Return Trends At Speedy Hire (LON:SDY) Look Promising

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Shareholder Returns

SDYGB Trade DistributorsGB Market
7D-1.3%0.6%0.2%
1Y23.1%47.7%24.7%

Return vs Industry: SDY underperformed the UK Trade Distributors industry which returned 45.2% over the past year.

Return vs Market: SDY exceeded the UK Market which returned 23.2% over the past year.

Price Volatility

Is SDY's price volatile compared to industry and market?
SDY volatility
SDY Beta1.26
Industry Beta1.04
Market Beta1

Stable Share Price: SDY is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SDY's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19683,843Russell Downhttps://www.speedyservices.com

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 and Ireland. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.

Speedy Hire Fundamentals Summary

How do Speedy Hire's earnings and revenue compare to its market cap?
SDY fundamental statistics
Market CapUK£330.18m
Earnings (TTM)UK£2.10m
Revenue (TTM)UK£332.30m

157.0x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SDY income statement (TTM)
RevenueUK£332.30m
Cost of RevenueUK£139.70m
Gross ProfitUK£192.60m
ExpensesUK£190.50m
EarningsUK£2.10m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 17, 2021

Earnings per share (EPS)0.004
Gross Margin57.96%
Net Profit Margin0.63%
Debt/Equity Ratio20.7%

How did SDY perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

348%

Payout Ratio

Valuation

Is Speedy Hire undervalued compared to its fair value and its price relative to the market?

157x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SDY (£0.63) is trading above our estimate of fair value (£0.39)

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


Price To Earnings Ratio

PE vs Industry: SDY is poor value based on its PE Ratio (157.5x) compared to the UK Trade Distributors industry average (24.3x).

PE vs Market: SDY is poor value based on its PE Ratio (157.5x) compared to the UK market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: SDY is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: SDY is good value based on its PB Ratio (1.5x) compared to the GB Trade Distributors industry average (2x).


Future Growth

How is Speedy Hire forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

72.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDY's forecast earnings growth (72.4% per year) is above the savings rate (0.9%).

Earnings vs Market: SDY's earnings (72.4% per year) are forecast to grow faster than the UK market (12.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SDY's revenue (6.4% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: SDY's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SDY's Return on Equity is forecast to be low in 3 years time (13.7%).


Past Performance

How has Speedy Hire performed over the past 5 years?

43.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SDY has a large one-off loss of £8.4M impacting its March 31 2021 financial results.

Growing Profit Margin: SDY's current net profit margins (0.6%) are lower than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: SDY has become profitable over the past 5 years, growing earnings by 43.9% per year.

Accelerating Growth: SDY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SDY had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the Trade Distributors industry average (34%).


Return on Equity

High ROE: SDY's Return on Equity (1%) is considered low.


Financial Health

How is Speedy Hire's financial position?


Financial Position Analysis

Short Term Liabilities: SDY's short term assets (£114.3M) do not cover its short term liabilities (£118.1M).

Long Term Liabilities: SDY's short term assets (£114.3M) exceed its long term liabilities (£102.6M).


Debt to Equity History and Analysis

Debt Level: SDY's debt to equity ratio (20.7%) is considered satisfactory.

Reducing Debt: SDY's debt to equity ratio has reduced from 59.6% to 20.7% over the past 5 years.

Debt Coverage: SDY's debt is well covered by operating cash flow (145.9%).

Interest Coverage: SDY's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

What is Speedy Hire current dividend yield, its reliability and sustainability?

2.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SDY's dividend (2.22%) is higher than the bottom 25% of dividend payers in the UK market (1.4%).

High Dividend: SDY's dividend (2.22%) is low compared to the top 25% of dividend payers in the UK market (4.06%).


Stability and Growth of Payments

Stable Dividend: SDY's dividend payments have been volatile in the past 10 years.

Growing Dividend: SDY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (348.3%), SDY's dividend payments are not 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 (46.8% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Russell Down (56 yo)

6.25yrs

Tenure

UK£790,000

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 ($USD1.09M) is above average for companies of similar size in the UK market ($USD718.55K).

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


Leadership Team

Experienced Management: SDY's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: SDY's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Speedy Hire Plc's 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£330.181m
  • Shares outstanding: 524.10m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 17:59
End of Day Share Price2021/10/26 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.