Speedy Hire
Market Cap
UK£348.6m
Last Updated
2021/03/03 20:19 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. More Details
Risk Analysis
Snowflake Analysis
Excellent balance sheet with poor 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
Stable Share Price: SDY is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SDY's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.8%
SDY
-0.4%
GB Trade Distributors
0.3%
GB Market
1 Year Return
-10.0%
SDY
28.9%
GB Trade Distributors
0.8%
GB Market
Return vs Industry: SDY underperformed the UK Trade Distributors industry which returned 26.6% over the past year.
Return vs Market: SDY underperformed the UK Market which returned 1.1% over the past year.
Shareholder returns
| SDY | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | -0.4% | 0.3% |
| 30 Day | 0.3% | 3.7% | 3.2% |
| 90 Day | -3.5% | 8.9% | 4.5% |
| 1 Year | -10.0%-10.0% | 30.9%28.9% | 6.7%0.8% |
| 3 Year | 34.8%26.6% | 62.0%49.6% | 11.5%-1.9% |
| 5 Year | 115.6%94.5% | 118.7%92.9% | 41.8%14.5% |
Long-Term 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
2 days ago | Simply Wall St
What Is The Ownership Structure Like For Speedy Hire Plc (LON:SDY)?3 weeks ago | Simply Wall St
Speedy Hire Plc's (LON:SDY) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?1 month ago | Simply Wall St
Is Speedy Hire Plc (LON:SDY) Worth UK£0.7 Based On Its Intrinsic Value?Valuation
Is Speedy Hire undervalued compared to its fair value and its price relative to the market?
82.62x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SDY (£0.67) is trading above our estimate of fair value (£0.43)
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 (82.6x) compared to the GB Trade Distributors industry average (28x).
PE vs Market: SDY is poor value based on its PE Ratio (82.6x) compared to the UK market (24.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SDY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SDY's PB Ratio (1.7x) is in line with the GB Trade Distributors industry average.
Next Steps
Future Growth
How is Speedy Hire forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
4.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if SDY's forecast earnings growth is above the savings rate (1%).
Earnings vs Market: Insufficient data to determine if SDY'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: SDY's revenue (4.2% per year) is forecast to grow slower than the UK market (7.3% per year).
High Growth Revenue: SDY's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SDY's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Speedy Hire performed over the past 5 years?
55.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SDY has a large one-off loss of £21.6M impacting its September 30 2020 financial results.
Growing Profit Margin: SDY's current net profit margins (1.2%) are lower than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: SDY has become profitable over the past 5 years, growing earnings by 55.8% 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 (-83.8%) over the past year, making it difficult to compare to the Trade Distributors industry average (-20.4%).
Return on Equity
High ROE: SDY's Return on Equity (2%) is considered low.
Next Steps
Financial Health
How is Speedy Hire's financial position?
Financial Position Analysis
Short Term Liabilities: SDY's short term assets (£123.2M) exceed its short term liabilities (£109.2M).
Long Term Liabilities: SDY's short term assets (£123.2M) do not cover its long term liabilities (£134.5M).
Debt to Equity History and Analysis
Debt Level: SDY's debt to equity ratio (36.8%) is considered satisfactory.
Reducing Debt: SDY's debt to equity ratio has reduced from 54.1% to 36.8% over the past 5 years.
Debt Coverage: SDY's debt is well covered by operating cash flow (71.3%).
Interest Coverage: SDY's interest payments on its debt are well covered by EBIT (5.1x coverage).
Balance Sheet
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Dividend
What is Speedy Hire current dividend yield, its reliability and sustainability?
2.53%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SDY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SDY'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 SDY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SDY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SDY is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SDY'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?
6.2yrs
Average management tenure
CEO
Russell Down (55 yo)
5.67yrs
Tenure
UK£683,000
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 ($USD952.95K) is about average for companies of similar size in the UK market ($USD765.56K).
Compensation vs Earnings: Russell's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.67yrs | UK£683.00k | 0.060% £ 209.2k | |
| CFO & Director | 0.50yr | no data | no data | |
| Chief Operations Officer and Group Assets & Information Director | no data | no data | no data | |
| Director of Communications | no data | no data | no data | |
| Corporate Development Officer | 6.67yrs | no data | no data | |
| Head of Major Accounts and Group Sales & Marketing Director | no data | no data | no data | |
| Group HR Director | no data | no data | no data | |
| Managing Director of Speedy Asset Services - Equipment | 12.33yrs | no data | no data | |
| Company Secretary | no data | no data | no data |
6.2yrs
Average Tenure
Experienced Management: SDY's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.67yrs | UK£683.00k | 0.060% £ 209.2k | |
| CFO & Director | 0.50yr | no data | no data | |
| Senior Independent Director | 0.58yr | UK£43.00k | 0.014% £ 50.0k | |
| Independent Chairman of the Board | 2.42yrs | UK£133.00k | 0.096% £ 333.0k | |
| Independent Non-Executive Director | 0.083yr | no data | no data | |
| Independent Non-Executive Director | 4.92yrs | UK£50.00k | 0.0092% £ 32.0k | |
| Independent Non-Executive Director | 1.75yrs | UK£35.00k | 0.014% £ 49.8k |
1.8yrs
Average Tenure
59yo
Average Age
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: SDY 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 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£348.638m
- Shares outstanding: 523.48m
- 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 |
| 5HN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | 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 | 2021/03/03 20:19 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.