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Tyman

LSE:TYMN
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TYMN
LSE
£475M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Tyman plc, together with its subsidiaries, manufactures and supplies engineered components to the door and window industry in North America, Europe, South America, Asia, and Australasia. The last earnings update was 110 days ago. More info.


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TYMN Share Price and Events
7 Day Returns
-2.6%
LSE:TYMN
-1.5%
GB Building
0.2%
GB Market
1 Year Returns
-27.7%
LSE:TYMN
-0.1%
GB Building
-2%
GB Market
TYMN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tyman (TYMN) -2.6% 3% -3.7% -27.7% -8.4% -12.9%
GB Building -1.5% -1.5% -1% -0.1% 17.6% 29.6%
GB Market 0.2% 1.3% 0.1% -2% 11.2% 6.3%
1 Year Return vs Industry and Market
  • TYMN underperformed the Building industry which returned -0.1% over the past year.
  • TYMN underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2% over the past year.
Price Volatility
TYMN
Industry
5yr Volatility vs Market

Value

 Is Tyman undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tyman to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tyman.

LSE:TYMN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:TYMN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Building Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.131 (1 + (1- 19%) (54.9%))
1.425
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.425 * 6.65%)
10.7%

Discounted Cash Flow Calculation for LSE:TYMN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tyman is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:TYMN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 10.7%)
2020 55.74 Analyst x2 50.35
2021 58.97 Analyst x2 48.12
2022 61.20 Est @ 3.79% 45.12
2023 63.05 Est @ 3.02% 41.99
2024 64.62 Est @ 2.48% 38.87
2025 65.98 Est @ 2.11% 35.85
2026 67.20 Est @ 1.84% 32.98
2027 68.31 Est @ 1.66% 30.29
2028 69.35 Est @ 1.53% 27.78
2029 70.35 Est @ 1.44% 25.46
Present value of next 10 years cash flows £376.81
LSE:TYMN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £70.35 × (1 + 1.23%) ÷ (10.7% – 1.23%)
£751.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £751.78 ÷ (1 + 10.7%)10
£272.03
LSE:TYMN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £376.81 + £272.03
£648.84
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £648.84 / 194.82
£3.33
LSE:TYMN Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.33
Current discount Discount to share price of £2.44
= -1 x (£2.44 - £3.33) / £3.33
26.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tyman is available for.
Intrinsic value
27%
Share price is £2.44 vs Future cash flow value of £3.33
Current Discount Checks
For Tyman to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tyman's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tyman's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tyman's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tyman's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:TYMN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.14
LSE:TYMN Share Price ** LSE (2019-07-19) in GBP £2.44
United Kingdom of Great Britain and Northern Ireland Building Industry PE Ratio Median Figure of 10 Publicly-Listed Building Companies 13.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 792 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tyman.

LSE:TYMN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:TYMN Share Price ÷ EPS (both in GBP)

= 2.44 ÷ 0.14

17.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tyman is overvalued based on earnings compared to the GB Building industry average.
  • Tyman is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Tyman's expected growth come at a high price?
Raw Data
LSE:TYMN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
22.6%per year
United Kingdom of Great Britain and Northern Ireland Building Industry PEG Ratio Median Figure of 8 Publicly-Listed Building Companies 0.89x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:TYMN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.73x ÷ 22.6%

0.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tyman is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tyman's assets?
Raw Data
LSE:TYMN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £2.23
LSE:TYMN Share Price * LSE (2019-07-19) in GBP £2.44
United Kingdom of Great Britain and Northern Ireland Building Industry PB Ratio Median Figure of 12 Publicly-Listed Building Companies 1.76x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
LSE:TYMN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TYMN Share Price ÷ Book Value per Share (both in GBP)

= 2.44 ÷ 2.23

1.1x

* Primary Listing of Tyman.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tyman is good value based on assets compared to the GB Building industry average.
X
Value checks
We assess Tyman's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Tyman has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tyman expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tyman expected to grow at an attractive rate?
  • Tyman's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Tyman's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Tyman's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:TYMN Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:TYMN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 22.6%
LSE:TYMN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.5%
United Kingdom of Great Britain and Northern Ireland Building Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United Kingdom of Great Britain and Northern Ireland Building Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:TYMN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:TYMN Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 664 1
2021-12-31 668 103 50 4
2020-12-31 649 99 45 6
2019-12-31 637 88 31 7
LSE:TYMN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 592 73 26
2018-09-30 564 66 28
2018-06-30 537 60 29
2018-03-31 530 56 30
2017-12-31 523 52 31
2017-09-30 520 57 29
2017-06-30 517 61 27
2017-03-31 487 64 24
2016-12-31 458 67 21
2016-09-30 418 59 14
2016-06-30 379 51 8
2016-03-31 366 46 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tyman's earnings are expected to grow significantly at over 20% yearly.
  • Tyman's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:TYMN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Tyman Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TYMN Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.26 0.26 0.26 1.00
2020-12-31 0.23 0.23 0.23 1.00
2019-12-31 0.16 0.20 0.12 2.00
LSE:TYMN Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.14
2018-09-30 0.15
2018-06-30 0.16
2018-03-31 0.17
2017-12-31 0.18
2017-09-30 0.16
2017-06-30 0.15
2017-03-31 0.14
2016-12-31 0.12
2016-09-30 0.08
2016-06-30 0.05
2016-03-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tyman is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tyman's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tyman has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tyman performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tyman's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tyman has delivered over 20% year on year earnings growth in the past 5 years.
  • Tyman's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tyman's 1-year earnings growth is negative, it can't be compared to the GB Building industry average.
Earnings and Revenue History
Tyman's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tyman Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TYMN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 591.54 26.35 111.25
2018-09-30 564.37 27.90 106.87
2018-06-30 537.19 29.46 102.49
2018-03-31 529.94 30.33 102.04
2017-12-31 522.70 31.20 101.58
2017-09-30 519.85 29.22 101.08
2017-06-30 517.01 27.24 100.57
2017-03-31 487.33 23.99 93.31
2016-12-31 457.64 20.74 86.05
2016-09-30 418.34 14.30 77.66
2016-06-30 379.03 7.87 69.28
2016-03-31 366.23 7.78 65.51
2015-12-31 353.43 7.69 61.74
2015-09-30 356.39 9.70 61.13
2015-06-30 359.36 11.71 60.52
2015-03-31 355.13 10.52 60.71
2014-12-31 350.90 9.33 60.89
2014-09-30 346.12 7.55 63.24
2014-06-30 341.35 5.77 65.59
2014-03-31 319.70 3.36 63.30
2013-12-31 298.05 0.96 61.02
2013-09-30 269.32 -13.50 52.61
2013-06-30 240.59 -27.96 44.21
2013-03-31 234.67 -25.05 44.74
2012-12-31 228.75 -22.13 45.26
2012-09-30 221.16 -4.39 41.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tyman has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tyman used its assets less efficiently than the GB Building industry average last year based on Return on Assets.
  • Tyman has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tyman's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tyman has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tyman's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tyman's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tyman is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tyman's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tyman's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tyman Company Filings, last reported 6 months ago.

LSE:TYMN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 433.85 260.97 51.87
2018-09-30 433.85 260.97 51.87
2018-06-30 412.74 264.10 45.73
2018-03-31 412.74 264.10 45.73
2017-12-31 364.52 205.69 42.56
2017-09-30 364.52 205.69 42.56
2017-06-30 360.54 223.98 34.28
2017-03-31 360.54 223.98 34.28
2016-12-31 377.09 216.76 40.92
2016-09-30 377.09 216.76 40.92
2016-06-30 350.33 249.13 105.59
2016-03-31 350.33 249.13 105.59
2015-12-31 306.23 111.64 29.98
2015-09-30 306.23 111.64 29.98
2015-06-30 295.03 136.13 32.03
2015-03-31 295.03 136.13 32.03
2014-12-31 309.02 128.27 39.33
2014-09-30 309.02 128.27 39.33
2014-06-30 286.95 133.75 27.87
2014-03-31 286.95 133.75 27.87
2013-12-31 302.94 123.07 43.61
2013-09-30 302.94 123.07 43.61
2013-06-30 323.19 77.45 103.58
2013-03-31 323.19 77.45 103.58
2012-12-31 247.89 71.70 35.86
2012-09-30 247.89 71.70 35.86
  • Tyman's level of debt (60.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.7% vs 60.2% today).
  • Debt is well covered by operating cash flow (27.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
X
Financial health checks
We assess Tyman's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tyman has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.92%
Current annual income from Tyman dividends. Estimated to be 5.67% next year.
If you bought £2,000 of Tyman shares you are expected to receive £98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tyman's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • Tyman's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:TYMN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Building Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:TYMN Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.16 1.00
2021-12-31 0.15 5.00
2020-12-31 0.14 6.00
2019-12-31 0.13 6.00
LSE:TYMN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.120 4.850
2019-03-05 0.120 4.791
2018-04-03 0.113 3.856
2017-03-31 0.105 3.114
2016-04-20 0.088 3.221
2015-04-13 0.080 2.802
2015-03-10 0.080 2.512
2014-03-11 0.060 2.097
2013-08-30 0.050 2.133
2013-03-27 0.045 2.066
2012-09-04 0.020 1.195
2012-07-16 0.020 1.518
2012-03-13 0.035 2.735
2012-02-28 0.035 2.807
2011-03-23 0.020 1.773
2010-03-25 0.000 0.000
2010-03-01 0.000 0.000
2009-09-07 0.000 0.000
2009-04-29 0.000 0.000
2008-12-31 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tyman has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Tyman only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Tyman's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Tyman's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tyman afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tyman has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jo Hallas
TENURE AS CEO 0.3 years
CEO Bio

Ms. Jo C. Hallas has been Chief Executive Officer and Executive Director of Tyman plc since April 1, 2019. Ms. Hallas served as Business Group Director of Spectris plc from May 2014 to February 2019. Ms. Hallas was responsible for the In-line Instrumentation and Industrial Controls segments. She has extensive international management experience. She was General Manager of Invensys Heating Controls. Ms. Hallas' twenty-year career has been focused on international general management in the consumer products sector, including four years with Bosch Group in Germany and the UK, latterly co-leading the Bosch Lawn & Garden business. She also served for ten years with Procter & Gamble, leading business improvement initiatives, working variously in Germany, the US, Thailand and the Netherlands. has been a Non Executive Director at Norcros plc since September 27, 2012. She has an engineering degree from the University of Cambridge and an MBA from INSEAD.

CEO Compensation
  • Insufficient data for Jo to compare compensation growth.
  • Insufficient data for Jo to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Tyman management team in years:

3.7
Average Tenure
  • The tenure for the Tyman management team is about average.
Management Team

James Brotherton

TITLE
Executive Officer
COMPENSATION
£754K
AGE
49
TENURE
0.2 yrs

Jo Hallas

TITLE
CEO & Executive Director
TENURE
0.3 yrs

Jason Ashton

TITLE
CFO & Director
AGE
51
TENURE
0.2 yrs

Kevin O’Connell

TITLE
Group Financial Controller & Treasurer
TENURE
2.8 yrs

Jeff Graby

TITLE
President & CEO of AmesburyTruth
TENURE
5.5 yrs

Darren Waters

TITLE
Chief Executive Officer of ERA
TENURE
7.3 yrs

Peter Santo

TITLE
Chief Executive Officer of Schlegel International
TENURE
7.5 yrs

Carolyn Gibson

TITLE
Group Company Secretary
TENURE
2.8 yrs

Jeff Johnson

TITLE
VP of Finance & CFO of AmesburyTruth
TENURE
4.5 yrs

Mark Turner

TITLE
Chief Financial Officer of ERA
TENURE
5.5 yrs
Board of Directors Tenure

Average tenure and age of the Tyman board of directors in years:

1.8
Average Tenure
53.5
Average Age
  • The average tenure for the Tyman board of directors is less than 3 years, this suggests a new board.
Board of Directors

Martin Towers

TITLE
Non-Executive Chairman
COMPENSATION
£133K
AGE
66
TENURE
2.2 yrs

Jo Hallas

TITLE
CEO & Executive Director
TENURE
0.3 yrs

Jason Ashton

TITLE
CFO & Director
AGE
51
TENURE
0.2 yrs

Mark Rollins

TITLE
Senior Independent Director
COMPENSATION
£58K
AGE
56
TENURE
2.7 yrs

Helen Clatworthy

TITLE
Independent Non-Executive Director
COMPENSATION
£55K
TENURE
2.5 yrs

Pamela Bingham

TITLE
Non-Executive Director
COMPENSATION
£48K
AGE
50
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
26. Mar 19 Buy Martin Towers Individual 26. Mar 19 26. Mar 19 17,016 £2.42 £41,138
20. Mar 19 Buy Tyman plc, Employee Benefit Trust Company 20. Mar 19 20. Mar 19 353,414 £2.54 £899,156
19. Mar 19 Buy Tyman plc, Employee Benefit Trust Company 19. Mar 19 19. Mar 19 431,314 £2.52 £1,086,911
X
Management checks
We assess Tyman's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tyman has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

With A -16% Earnings Drop, Did Tyman plc (LON:TYMN) Really Underperform?

Today I will assess TYMN's recent performance announced on 31 December 2018 and evaluate these figures to its long-term trend and industry movements. … TYMN's trailing twelve-month earnings (from 31 December 2018) of UK£26m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 38%, indicating the rate at which TYMN is growing has slowed down

Simply Wall St -

Why We’re Not Keen On Tyman plc’s (LON:TYMN) 7.5% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Where Tyman plc (LON:TYMN) Stands In Terms Of Earnings Growth Against Its Industry

Below, I will assess TYMN's recent performance announced on 30 June 2018 and compare these figures to its historical trend and industry movements. … How Did TYMN's Recent Performance Stack Up Against Its Past. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 55%, indicating the rate at which TYMN is growing has slowed down

Simply Wall St -

Does Tyman plc's (LON:TYMN) August Stock Price Reflect Its Future Growth?

Tyman plc (LON:TYMN) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of £3.51 is based on unrealistic expectations. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Tyman's extremely high growth potential in the near future is attracting investors

Simply Wall St -

What’s Ahead For Tyman plc (LON:TYMN)?

operates in the building product industry. … This is because the building sector is predominantly affected by shifts in the housing market, as a result of demand from construction projects … Generally, building product stocks are good buys during the early periods of economic growth due to the anticipated increase in demand

Simply Wall St -

What Should You Know About Tyman plc's (LON:TYMN) Return On Capital?

and want to better understand how you can grow your money by investing in Tyman plc (LON:TYMN). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Tyman, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

How Does Tyman plc (LON:TYMN) Fare As A Dividend Stock?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … In the past 10 years Tyman plc (LON:TYMN) has returned an average of 2.00% per year to investors in the form of dividend payouts. … Let's take a look at Tyman in more detail.

Simply Wall St -

Is Tyman plc's (LON:TYMN) PE Ratio A Signal To Sell For Investors?

Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will explain what the P/E ratio is as well as what you should look out for when using it … Demystifying the P/E ratio

Simply Wall St -

Investors Are Undervaluing Tyman plc (LON:TYMN) By 25.28%

How far off is Tyman plc (LON:TYMN) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

With An ROE Of 8.56%, Has Tyman plc's (LON:TYMN) Management Done Well?

and want to better understand how you can grow your money by investing in Tyman plc (LON:TYMN). … Tyman plc’s (LON:TYMN) most recent return on equity was a substandard 8.56% relative to its industry performance of 14.90% over the past year. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into TYMN's past performance.

Simply Wall St -

Company Info

Description

Tyman plc, together with its subsidiaries, manufactures and supplies engineered components to the door and window industry in North America, Europe, South America, Asia, and Australasia. It operates through three divisions: AmesburyTruth, ERA, and SchlegelGiesse. The AmesburyTruth division manufactures window and door hardware components, extrusions, and sealing systems. It offers single and multipoint locking systems, casement and awning operators, handles, latches, hinges, rollers, balance systems, seals, and extruded profiles, as well as smoke vents, roof access hatches, and sidewalk doors for residential and commercial applications. The ERA division engages in the design, development, manufacture, and distribution of mechanical security and decorative hardware products, and weather seals, as well as electronic security systems, including wireless alarms, CCTV, and video for the residential building and home improvement markets under the ERA, Fab & Fix, Giesse, Schlegel, and Zoo brands. It is also involved in the sash window renovation business; and manufacture and distribution of commercial and light infrastructure floor and roof access covers. The SchlegelGiesse division engages in sealing and extrusion businesses. This segment offers its products under the Schlegel and Giesse brands for use in residential and commercial applications. The company was formerly known as Lupus Capital plc and changed its name to Tyman plc in February 2013. Tyman plc is headquartered in London, the United Kingdom.

Details
Name: Tyman plc
TYMN
Exchange: LSE
Founded:
£475,367,751
194,822,849
Website: http://www.tymanplc.com
Address: Tyman plc
29 Queen Anne's Gate,
London,
Greater London, SW1H 9BU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TYMN Ordinary Shares London Stock Exchange GB GBP 22. May 1995
BATS-CHIXE TYMNl Ordinary Shares BATS 'Chi-X Europe' GB GBP 22. May 1995
Number of employees
Current staff
Staff numbers
4,235
Tyman employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 21:19
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/04/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.