CHH

Churchill ChinaAIM:CHH Stock Report

Market Cap

UK£213.8m

7D

-7.0%

1Y

74.6%

Updated

20 Sep, 2021

Data

Company Financials +
CHH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CHH Overview

Churchill China plc manufactures and sells ceramic and related products in the United Kingdom, rest of Europe, the United States, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Churchill China
Historical stock prices
Current Share PriceUK£18.60
52 Week HighUK£9.80
52 Week LowUK£20.50
Beta1.51
1 Month Change-0.80%
3 Month Change11.05%
1 Year Change74.65%
3 Year Change63.16%
5 Year Change113.79%
Change since IPO552.63%

Recent News & Updates

Shareholder Returns

CHHGB Consumer DurablesGB Market
7D-7.0%0.5%-0.8%
1Y74.6%37.7%19.9%

Return vs Industry: CHH exceeded the UK Consumer Durables industry which returned 37.7% over the past year.

Return vs Market: CHH exceeded the UK Market which returned 19.2% over the past year.

Price Volatility

Is CHH's price volatile compared to industry and market?
CHH volatility
CHH Beta1.51
Industry Beta1.54
Market Beta1

Stable Share Price: CHH is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CHH's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1795693David O'Connorhttps://www.churchill1795.com

Churchill China plc manufactures and sells ceramic and related products in the United Kingdom, rest of Europe, the United States, and internationally. It provides plates, bowls, trays and boards, crates and carriers, stands and risers, cookware, counter serving ware, cups, mugs, saucers, beverage pots, jugs, chip mugs, dip pots and sauce dishes, lids, glassware, cutlery, utensils, and accessories, as well as raw materials for the ceramics industry. The company offers its products to pubs, restaurant and hotel chains, sports and conference venues, health and education establishments, and contract caterers, as well as for consumer use.

Valuation

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

221.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CHH (£19.4) is trading above our estimate of fair value (£9.23)

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


Price To Earnings Ratio

PE vs Industry: CHH is poor value based on its PE Ratio (231x) compared to the UK Consumer Durables industry average (14.3x).

PE vs Market: CHH is poor value based on its PE Ratio (231x) compared to the UK market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: CHH is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: CHH is overvalued based on its PB Ratio (5.6x) compared to the GB Consumer Durables industry average (1.6x).


Future Growth

How is Churchill China forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

56.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHH's forecast earnings growth (56.8% per year) is above the savings rate (0.9%).

Earnings vs Market: CHH's earnings (56.8% per year) are forecast to grow faster than the UK market (13.3% per year).

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

Revenue vs Market: CHH's revenue (18.4% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: CHH's revenue (18.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CHH's Return on Equity is forecast to be low in 3 years time (18.8%).


Past Performance

How has Churchill China performed over the past 5 years?

-10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHH has a large one-off gain of £4.1M impacting its June 30 2021 financial results.

Growing Profit Margin: CHH's current net profit margins (2.2%) are lower than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: CHH's earnings have declined by 10.8% per year over the past 5 years.

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

Earnings vs Industry: CHH had negative earnings growth (-82.6%) over the past year, making it difficult to compare to the Consumer Durables industry average (17.3%).


Return on Equity

High ROE: CHH's Return on Equity (2.4%) is considered low.


Financial Health

How is Churchill China's financial position?


Financial Position Analysis

Short Term Liabilities: CHH's short term assets (£35.9M) exceed its short term liabilities (£10.1M).

Long Term Liabilities: CHH's short term assets (£35.9M) exceed its long term liabilities (£11.4M).


Debt to Equity History and Analysis

Debt Level: CHH is debt free.

Reducing Debt: CHH has not had any debt for past 5 years.

Debt Coverage: CHH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CHH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Churchill China current dividend yield, its reliability and sustainability?

0.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CHH's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.34%).

High Dividend: CHH's dividend (0.69%) is low compared to the top 25% of dividend payers in the UK market (3.92%).


Stability and Growth of Payments

Stable Dividend: CHH is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: CHH is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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

7.1yrs

Average management tenure


CEO

David O'Connor (64 yo)

7.08yrs

Tenure

UK£292,879

Compensation

Mr. David M. O'Connor has been the Chief Executive Officer of Churchill China plc since August 15, 2014. Mr. O'Connor has been a consultant with WestfieldConsultants Group, an independent business consulti...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD402.82K) is about average for companies of similar size in the UK market ($USD558.41K).

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


Leadership Team

Experienced Management: CHH's management team is seasoned and experienced (7.1 years average tenure).


Board Members

Experienced Board: CHH's board of directors are considered experienced (7.3 years average tenure).


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

Churchill China plc's employee growth, exchange listings and data sources


Key Information

  • Name: Churchill China plc
  • Ticker: CHH
  • Exchange: AIM
  • Founded: 1795
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: UK£213.843m
  • Shares outstanding: 11.02m
  • Website: https://www.churchill1795.com

Number of Employees


Location

  • Churchill China plc
  • No.1 Marlborough Way
  • Tunstall
  • Stoke-On-Trent
  • Staffordshire
  • ST6 5NZ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 17:44
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.