LSE:TYMN

Stock Analysis Report

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Executive Summary

Tyman plc, together with its subsidiaries, manufactures and supplies engineered fenestration and access solutions to the door and window industry in North America, the United Kingdom, Ireland, and internationally. More Details


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TYMN is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TYMN's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.3%

TYMN

1.1%

GB Building

0.3%

GB Market


1 Year Return

39.3%

TYMN

11.6%

GB Building

0.8%

GB Market

Return vs Industry: TYMN exceeded the UK Building industry which returned 8.2% over the past year.

Return vs Market: TYMN exceeded the UK Market which returned 1.1% over the past year.


Shareholder returns

TYMNIndustryMarket
7 Day0.3%1.1%0.3%
30 Day-2.7%4.6%3.2%
90 Day3.8%9.5%4.5%
1 Year39.3%39.3%12.5%11.6%6.7%0.8%
3 Year26.7%16.2%32.9%23.5%11.5%-1.9%
5 Year43.2%23.1%43.1%24.7%41.8%14.5%

Long-Term Price Volatility Vs. Market

How volatile is Tyman's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

29.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TYMN (£3.4) is trading above our estimate of fair value (£1.64)

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


Price To Earnings Ratio

PE vs Industry: TYMN is good value based on its PE Ratio (29.9x) compared to the GB Building industry average (44.8x).

PE vs Market: TYMN is poor value based on its PE Ratio (29.9x) compared to the UK market (24.3x).


Price to Earnings Growth Ratio

PEG Ratio: TYMN is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: TYMN is good value based on its PB Ratio (1.5x) compared to the GB Building industry average (1.8x).


Next Steps

Future Growth

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

34.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYMN's forecast earnings growth (34.3% per year) is above the savings rate (1%).

Earnings vs Market: TYMN's earnings (34.3% per year) are forecast to grow faster than the UK market (22.9% per year).

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

Revenue vs Market: TYMN's revenue (3.3% per year) is forecast to grow slower than the UK market (7.3% per year).

High Growth Revenue: TYMN's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TYMN's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

How has Tyman performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TYMN has a large one-off loss of £19.7M impacting its June 30 2020 financial results.

Growing Profit Margin: TYMN's current net profit margins (3.9%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: TYMN's earnings have grown by 14.1% per year over the past 5 years.

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

Earnings vs Industry: TYMN had negative earnings growth (-8.1%) over the past year, making it difficult to compare to the Building industry average (-47%).


Return on Equity

High ROE: TYMN's Return on Equity (5%) is considered low.


Next Steps

Financial Health

How is Tyman's financial position?


Financial Position Analysis

Short Term Liabilities: TYMN's short term assets (£254.1M) exceed its short term liabilities (£97.3M).

Long Term Liabilities: TYMN's short term assets (£254.1M) do not cover its long term liabilities (£346.5M).


Debt to Equity History and Analysis

Debt Level: TYMN's debt to equity ratio (53.3%) is considered high.

Reducing Debt: TYMN's debt to equity ratio has increased from 45.9% to 53.3% over the past 5 years.

Debt Coverage: TYMN's debt is well covered by operating cash flow (47.9%).

Interest Coverage: TYMN's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Next Steps

Dividend

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

3.10%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TYMN'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 TYMN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TYMN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TYMN is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TYMN'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

Jo Hallas

1.92yrs

Tenure

UK£1,299,000

Compensation

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. H...


CEO Compensation Analysis

Compensation vs Market: Jo's total compensation ($USD1.82M) is above average for companies of similar size in the UK market ($USD1.02M).

Compensation vs Earnings: Insufficient data to compare Jo's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jo Hallas
CEO & Executive Director1.92yrsUK£1.30m0.083%
£ 549.0k
Jason Ashton
CFO & Director1.83yrsUK£425.95k0.014%
£ 93.0k
Kevin O'Connell
Group Financial Controllerno datano datano data
Jeffrey Graby
President & CEO of AmesburyTruth7.17yrsno datano data
Darren Waters
Chief Executive Officer of ERA9yrsno datano data
Peter Santo
Chief Executive Officer of Schlegel International9.17yrsno datano data
Robert Burns
President of AmesburyTruth1.75yrsno datano data
Jeff Johnson
VP of Finance & CFO of AmesburyTruth6.17yrsno datano data
Mark Turner
Chief Financial Officer of ERA7.17yrsno datano data
Mark Horobin
Chief Financial Officer of SchlegelGiesse3.92yrsno datano data

6.2yrs

Average Tenure

Experienced Management: TYMN's management team is seasoned and experienced (6.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jo Hallas
CEO & Executive Director1.92yrsUK£1.30m0.083%
£ 549.0k
Jason Ashton
CFO & Director1.83yrsUK£425.95k0.014%
£ 93.0k
Paul Withers
Senior Independent Director1yrno data0.026%
£ 170.0k
Nicholas Hartery
Chairman0.25yrno data0.051%
£ 340.0k
Helen Clatworthy
Independent Non-Executive Director4.17yrsUK£56.00k0.0077%
£ 51.0k
Pamela Bingham
Independent Non-Executive Director3.17yrsUK£48.00k0.0020%
£ 13.3k

1.9yrs

Average Tenure

57.5yo

Average Age

Experienced Board: TYMN's board of directors are not considered experienced ( 1.9 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

Tyman plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tyman plc
  • Ticker: TYMN
  • Exchange: LSE
  • Founded: 1993
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: UK£663.478m
  • Shares outstanding: 195.14m
  • Website: https://www.tymanplc.com

Number of Employees


Location

  • Tyman plc
  • 29 Queen Anne's Gate
  • London
  • Greater London
  • SW1H 9BU
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TYMNLSE (London Stock Exchange)YesOrdinary SharesGBGBPMay 1995
TYMNlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMay 1995

Biography

Tyman plc, together with its subsidiaries, manufactures and supplies engineered fenestration and access solutions to the door and window industry in North America, the United Kingdom, Ireland, and internat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 19:56
End of Day Share Price2021/03/03 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.