New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (UK£68.7m market cap, or US$93.6m). Upcoming Dividend • Mar 05
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 12 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 5.0% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.6%). Major Estimate Revision • Feb 04
Consensus EPS estimates increase by 39% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from UK£110.5m to UK£115.7m. EPS estimate increased from UK£0.767 to UK£1.06 per share. Net income forecast to shrink 20% next year vs 30% growth forecast for Consumer Durables industry in the United Kingdom . Consensus price target up from UK£8.70 to UK£10.50. Share price was steady at UK£11.50 over the past week. Declared Dividend • Jan 30
First half dividend increased to UK£0.03 Dividend of UK£0.03 is 7.1% higher than last year. Ex-date: 12th March 2026 Payment date: 15th April 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.7%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 2%. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£11.65, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • Sep 04
Upcoming dividend of UK£0.031 per share Eligible shareholders must have bought the stock before 11 September 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (4.9%). Announcement • Aug 06
Colefax Group PLC, Annual General Meeting, Sep 22, 2025 Colefax Group PLC, Annual General Meeting, Sep 22, 2025. Location: 19 23 grosvenor hill, w1k 3qd, london United Kingdom Declared Dividend • Jul 31
Final dividend increased to UK£0.031 Dividend of UK£0.031 is 6.9% higher than last year. Ex-date: 11th September 2025 Payment date: 9th October 2025 Dividend yield will be 0.7%, which is lower than the industry average of 4.7%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 3%. Announcement • Jul 31
Colefax Group plc Proposes Final Dividend, Payable on 9 October 2025 Colefax Group PLC board is proposed to pay a final dividend of 3.1 pence (2024 - 2.9 pence) making a total for the year of 5.9 pence (2024 - 5.6 pence). This will be paid on 9 October 2025 to shareholders on the register at the close of business on 12 September 2025. Reported Earnings • Jul 29
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: UK£1.08 (up from UK£0.88 in FY 2024). Revenue: UK£110.0m (up 2.6% from FY 2024). Net income: UK£6.51m (up 12% from FY 2024). Profit margin: 5.9% (up from 5.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Buy Or Sell Opportunity • May 09
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to UK£7.95. The fair value is estimated to be UK£6.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 0.01% in 2 years. Earnings are forecast to decline by 15% in the next 2 years. Upcoming Dividend • Feb 27
Upcoming dividend of UK£0.028 per share Eligible shareholders must have bought the stock before 06 March 2025. Payment date: 10 April 2025. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.3%). Major Estimate Revision • Jan 29
Consensus EPS estimates increase by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from UK£101.0m to UK£105.8m. EPS estimate increased from UK£0.581 to UK£0.794 per share. Net income forecast to shrink 17% next year vs 13% growth forecast for Consumer Durables industry in the United Kingdom . Consensus price target of UK£8.70 unchanged from last update. Share price was steady at UK£8.03 over the past week. Declared Dividend • Jan 24
First half dividend increased to UK£0.028 Dividend of UK£0.028 is 3.7% higher than last year. Ex-date: 6th March 2025 Payment date: 10th April 2025 Dividend yield will be 0.7%, which is lower than the industry average of 4.7%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 4%. Reported Earnings • Jan 23
First half 2025 earnings released: EPS: UK£0.53 (vs UK£0.47 in 1H 2024) First half 2025 results: EPS: UK£0.53. Revenue: UK£52.8m (up 1.8% from 1H 2024). Net income: UK£3.27m (flat on 1H 2024). Profit margin: 6.2% (down from 6.3% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 7.8% growth forecast for the Consumer Durables industry in the United Kingdom. Announcement • Jan 22
Colefax Group PLC Declares Interim Dividend, Payable on 10 April 2025 In line with the Group's progressive dividend policy the Board of Colefax Group PLC has decided to declare a 4% increase in the interim dividend to 2.8 pence (2023: 2.7 pence). This will be paid on 10 April 2025 to shareholders on the register at 7 March 2025. Announcement • Nov 27
Colefax Group plc Appoints Timothy Green to the Board as Group Commercial Director Colefax Group PLC appointed Timothy Green to the Board as Group Commercial Director with immediate effect. Tim, aged 49, has worked for the Group since September 2018 and became Fabric Division Commercial Director in April 2019. Tim is the son of Chief Executive David Green and prior to joining Colefax Group was Chief Executive of Tangent Communications Plc, which specialised in digital communication and web design. Tim has brought to the Group a wide range of skills in strategy, planning, management and marketing, and has played an important role in the continued growth and development of the Group over the past six years. The Following Information Regarding Timothy Benjamin Green Is Disclosed Under Schedule 2(G) of the Aim Rules for Companies: Current Directorships Directorships Held in Past 5 Years Colefax and Fowler Limited; Tangent Holdings Uk Limited; the Printed Group Limited; Tangent Labs Limited; Tangent Marketing Services Holdco Limited; Tangent Marketing Services Limited; Tangent Communications Limited; Portland Asset Management (Uk) Holdco Limited; Portland Asset Management (Uk) Limited. Recent Insider Transactions • Oct 28
Chairman & CEO recently sold UK£390k worth of stock On the 24th of October, David Green sold around 50k shares on-market at roughly UK£7.80 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Oct 22
Now 20% overvalued Over the last 90 days, the stock has fallen 6.4% to UK£8.00. The fair value is estimated to be UK£6.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are forecast to decline by 2.0% per annum over the same time period. Upcoming Dividend • Sep 05
Upcoming dividend of UK£0.029 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.3%). Announcement • Aug 20
Colefax Group PLC, Annual General Meeting, Sep 26, 2024 Colefax Group PLC, Annual General Meeting, Sep 26, 2024. Location: 19 23 grosvenor hill, w1k 3qd, london United Kingdom Declared Dividend • Aug 02
Final dividend increased to UK£0.029 Dividend of UK£0.029 is 3.6% higher than last year. Ex-date: 12th September 2024 Payment date: 11th October 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.7%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 3%. Reported Earnings • Aug 02
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: UK£0.88 (down from UK£0.90 in FY 2023). Revenue: UK£107.2m (up 2.2% from FY 2023). Net income: UK£5.79m (down 13% from FY 2023). Profit margin: 5.4% (down from 6.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Price Target Changed • Jul 31
Price target increased by 16% to UK£8.70 Up from UK£7.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of UK£8.55. Stock is up 23% over the past year. The company is forecast to post earnings per share of UK£0.74 for next year compared to UK£0.90 last year. Announcement • Jul 31
Colefax Group plc Proposes Final Dividend for 2024, Payable on October 11, 2024 Colefax Group PLC Board is proposing to pay a final dividend of 2.9 pence (2023 - 2.8 pence) making a total for the year of 5.6 pence (2023 - 5.4 pence). This will be paid on 11 October 2024 to shareholders on the register at the close of business on 13 September 2024. Upcoming Dividend • Feb 29
Upcoming dividend of UK£0.027 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 11 April 2024. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (4.6%). Major Estimate Revision • Feb 06
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from UK£100.1m to UK£105.8m. EPS estimate increased from UK£0.65 to UK£0.739 per share. Net income forecast to shrink 25% next year vs 18% decline forecast for Consumer Durables industry in the United Kingdom. Consensus price target down from UK£7.50 to UK£7.00. Share price fell 2.2% to UK£6.60 over the past week. Declared Dividend • Feb 01
First half dividend increased to UK£0.027 Dividend of UK£0.027 is 3.8% higher than last year. Ex-date: 7th March 2024 Payment date: 11th April 2024 Dividend yield will be 0.8%, which is lower than the industry average of 4.6%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 3%. Reported Earnings • Jan 31
First half 2024 earnings released: EPS: UK£0.47 (vs UK£0.51 in 1H 2023) First half 2024 results: EPS: UK£0.47 (down from UK£0.51 in 1H 2023). Revenue: UK£51.8m (flat on 1H 2023). Net income: UK£3.29m (down 17% from 1H 2023). Profit margin: 6.3% (down from 7.7% in 1H 2023). Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
Colefax Group plc Proposes Interim Dividend, Payable on 11 April 2024 In line with the Group's progressive dividend policy the Board of Colefax Group PLC has decided to propose a 4% increase in the interim dividend to 2.7 pence (2022: 2.6 pence). This will be paid on 11 April 2024 to shareholders on the register at 8 March 2024. Announcement • Sep 28
Colefax Group PLC, Annual General Meeting, Sep 28, 2023 Colefax Group PLC, Annual General Meeting, Sep 28, 2023, at 10:00 Coordinated Universal Time. Recent Insider Transactions • Sep 26
Chairman & CEO recently sold UK£1.3m worth of stock On the 22nd of September, David Green sold around 184k shares on-market at roughly UK£7.00 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Upcoming Dividend • Sep 07
Upcoming dividend of UK£0.028 per share at 0.7% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 12 October 2023. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (6.1%). Announcement • Aug 11
Colefax Group plc Proposes to Pay A Final Dividend, Payable on 12 October 2023 Colefax Group PLC proposed to pay a final dividend of 2.8 pence (2022 - 2.7 pence) making a total for the year of 5.4 pence (2022 - 5.2 pence). This will be paid on 12 October 2023 to shareholders on the register at the close of business on 15 September 2023. Reported Earnings • Aug 10
Full year 2023 earnings released: EPS: UK£0.90 (vs UK£1.03 in FY 2022) Full year 2023 results: EPS: UK£0.90 (down from UK£1.03 in FY 2022). Revenue: UK£104.8m (up 3.0% from FY 2022). Net income: UK£6.69m (down 21% from FY 2022). Profit margin: 6.4% (down from 8.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 02
Upcoming dividend of UK£0.026 per share at 0.7% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 4.6% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (7.6%). Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£7.93, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 86% over the past three years. Reported Earnings • Jan 23
First half 2023 earnings released: EPS: UK£0.51 (vs UK£0.40 in 1H 2022) First half 2023 results: EPS: UK£0.51 (up from UK£0.40 in 1H 2022). Revenue: UK£51.7m (up 12% from 1H 2022). Net income: UK£3.97m (up 16% from 1H 2022). Profit margin: 7.7% (up from 7.4% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
Colefax Group plc Proposes Interim Dividend, Payable on 12 April 2023 In line with the Group's progressive dividend policy the Board of Colefax Group PLC has decided to propose a 4% increase in the interim dividend to 2.6p (2021: 2.5p). This will be paid on 12 April 2023 to shareholders on the register at 10 March 2023. Price Target Changed • Nov 16
Price target increased to UK£7.50 Up from UK£6.50, the current price target is provided by 1 analyst. New target price is 15% above last closing price of UK£6.55. Stock is up 1.6% over the past year. The company posted earnings per share of UK£1.03 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non Executive Director Alan K. Smith was the last independent director to join the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 30
Colefax Group PLC, Annual General Meeting, Sep 29, 2022 Colefax Group PLC, Annual General Meeting, Sep 29, 2022, at 10:00 Coordinated Universal Time. Upcoming Dividend • Sep 08
Upcoming dividend of UK£0.027 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 13 October 2022. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (7.6%). Reported Earnings • Aug 18
Full year 2022 earnings released: EPS: UK£1.03 (vs UK£0.45 in FY 2021) Full year 2022 results: EPS: UK£1.03 (up from UK£0.45 in FY 2021). Revenue: UK£101.8m (up 31% from FY 2021). Net income: UK£8.49m (up 110% from FY 2021). Profit margin: 8.3% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 8.3% compared to a 13% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Aug 17
Colefax Group PLC Proposes Final Dividend Colefax Group PLC is proposing a final dividend of 2.7 pence (2021 Nil) making a total for the year of 5.2 pence (2021- Nil). Price Target Changed • Apr 27
Price target increased to UK£6.50 Up from UK£6.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of UK£6.60. Stock is up 40% over the past year. The company posted earnings per share of UK£0.45 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non Executive Director Alan K. Smith was the last independent director to join the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Mar 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be UK£7.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% per annum over the last 3 years. Earnings per share has grown by 4.6% per annum over the last 3 years. Upcoming Dividend • Mar 10
Upcoming dividend of UK£0.025 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 4.5% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (6.8%). Reported Earnings • Jan 29
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: UK£0.40 (up from UK£0.28 in 1H 2021). Revenue: UK£46.1m (up 25% from 1H 2021). Net income: UK£3.44m (up 36% from 1H 2021). Profit margin: 7.4% (up from 6.8% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 9.5%, compared to a 5.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Recent Insider Transactions • Sep 18
Chairman & CEO recently sold UK£1.5m worth of stock On the 14th of September, David Green sold around 248k shares on-market at roughly UK£6.15 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Aug 13
Full year 2021 earnings released: EPS UK£0.45 (vs UK£0.21 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: UK£77.9m (flat on FY 2020). Net income: UK£4.05m (up 111% from FY 2020). Profit margin: 5.2% (up from 2.5% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jan 30
First half 2021 earnings released: EPS UK£0.28 (vs UK£0.24 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£37.0m (down 14% from 1H 2020). Net income: UK£2.53m (up 18% from 1H 2020). Profit margin: 6.8% (up from 5.0% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Jan 28
Price target raised to UK£4.75 Up from UK£4.25, the current price target is provided by 1 analyst. The new target price is close to the current share price of UK£4.75. As of last close, the stock is up 10% over the past year. Is New 90 Day High Low • Jan 15
New 90-day high: UK£4.35 The company is up 6.0% from its price of UK£4.10 on 16 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: UK£4.20 The company is up 5.0% from its price of UK£4.00 on 10 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: UK£4.15 The company is up 8.0% from its price of UK£3.85 on 08 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is down 3.0% over the same period. Reported Earnings • Sep 29
Full year earnings released - EPS UK£0.21 Over the last 12 months the company has reported total profits of UK£1.92m, down 50% from the prior year. Total revenue was UK£78.4m over the last 12 months, down 9.2% from the prior year. Profit margins were 2.5%, which is lower than the 4.4% margin from last year. The decrease in margin was driven by lower revenue.