Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Senior Independent Director Martin Payne was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 22
Board Member recently bought UK£103k worth of stock On the 17th of April, James Roper bought around 30k shares on-market at roughly UK£3.44 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£143k more in shares than they have sold in the last 12 months. Declared Dividend • Apr 15
Final dividend reduced to UK£0.14 Dividend of UK£0.14 is 47% lower than last year. Ex-date: 30th April 2026 Payment date: 4th June 2026 Dividend yield will be 6.2%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 14
Full year 2025 earnings released: EPS: UK£0.40 (vs UK£0.58 in FY 2024) Full year 2025 results: EPS: UK£0.40 (down from UK£0.58 in FY 2024). Revenue: UK£76.3m (down 2.6% from FY 2024). Net income: UK£4.36m (down 32% from FY 2024). Profit margin: 5.7% (down from 8.1% in FY 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Announcement • Apr 13
Churchill China plc, Annual General Meeting, May 29, 2026 Churchill China plc, Annual General Meeting, May 29, 2026. New Risk • Apr 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% 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 0.5% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (UK£33.0m market cap, or US$44.3m). Announcement • Apr 01
Churchill China plc to Report Fiscal Year 2025 Final Results on Apr 13, 2026 Churchill China plc announced that they will report fiscal year 2025 final results at 8:00 AM, GMT Standard Time on Apr 13, 2026 Buy Or Sell Opportunity • Mar 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.0% to UK£3.05. The fair value is estimated to be UK£3.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.8%. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to decline by 11% in the next year. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by cash flows (163% cash payout ratio). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (UK£34.4m market cap, or US$45.9m). Buy Or Sell Opportunity • Feb 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to UK£4.45. The fair value is estimated to be UK£3.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.8%. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to decline by 11% in the next year. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£3.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 68% over the past three years. Declared Dividend • Sep 05
First half dividend reduced to UK£0.07 Dividend of UK£0.07 is 39% lower than last year. Ex-date: 11th September 2025 Payment date: 10th October 2025 Dividend yield will be 7.8%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (185% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.9% over the next year. However, it would need to fall by 19% to increase the payout ratio to a potentially unsustainable range. Announcement • Sep 04
Churchill China plc Announces Interim Dividend for the Six Months Ended June 30, 2025, Payable on 10 October 2025 Churchill China plc announced interim dividend of 7.0 pence per share (H1 2024: 11.5 pence per share, FY2024: 38.0 pence per share) for the six months ended June 30, 2025 will be paid, a decrease of 39.1% on the previous year. The dividend will be paid on 10 October 2025 to shareholders on the register as at 12 September 2025. New Risk • Sep 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 9.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (185% cash payout ratio). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (UK£46.7m market cap, or US$62.8m). Announcement • Aug 11
Churchill China plc to Report First Half, 2025 Results on Sep 03, 2025 Churchill China plc announced that they will report first half, 2025 results on Sep 03, 2025 Major Estimate Revision • Jul 18
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£77.9m to UK£75.5m. EPS estimate also fell from UK£0.58 per share to UK£0.409 per share. Net income forecast to shrink 29% next year vs 13% growth forecast for Consumer Durables industry in the United Kingdom . Consensus price target of UK£11.00 unchanged from last update. Share price fell 25% to UK£4.65 over the past week. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to UK£4.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£6.35, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 49% over the past three years. Announcement • May 08
Churchill China plc, Annual General Meeting, May 29, 2025 Churchill China plc, Annual General Meeting, May 29, 2025. Location: the companys head office, no 1 marlborough way, tunstall, st6 5nz, stoke on trent United Kingdom Upcoming Dividend • Apr 24
Upcoming dividend of UK£0.27 per share Eligible shareholders must have bought the stock before 01 May 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 6.5%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (4.1%). Reported Earnings • Apr 09
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: UK£0.58 (down from UK£0.70 in FY 2023). Revenue: UK£78.3m (down 4.9% from FY 2023). Net income: UK£6.37m (down 18% from FY 2023). Profit margin: 8.1% (down from 9.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Churchill China plc Proposes Final Dividend for the Year 2024 Churchill China plc proposed a final dividend of 26.5 pence per share giving a total dividend of 38.0 pence per share for the year. Whilst profitability is down for the year, the level of dividend highlights the Board's belief that the Company can continue to make sustainable cash flows, and that the underlying performance of the business has the potential for sustainable growth. Announcement • Mar 26
Churchill China plc to Report Fiscal Year 2024 Results on Apr 09, 2025 Churchill China plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 09, 2025 New Risk • Mar 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (186% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (UK£56.1m market cap, or US$72.5m). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to UK£6.05, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 60% over the past three years. New Risk • Dec 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (UK£71.8m market cap, or US$90.1m). Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£86.0m to UK£78.5m. EPS estimate also fell from UK£0.796 per share to UK£0.579 per share. Net income forecast to shrink 18% next year vs 5.7% growth forecast for Consumer Durables industry in the United Kingdom . Consensus price target down from UK£15.60 to UK£11.00. Share price fell 15% to UK£7.00 over the past week. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 14% After last week's 14% share price decline to UK£7.08, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 56% over the past three years. Buy Or Sell Opportunity • Nov 20
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to UK£7.08. The fair value is estimated to be UK£10.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to decline by 15% in the next 2 years. Recent Insider Transactions • Oct 15
Board Member recently bought UK£850k worth of stock On the 11th of October, James Roper bought around 100k shares on-market at roughly UK£8.50 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£862k more in shares than they have sold in the last 12 months. Declared Dividend • Sep 08
First half dividend increased to UK£0.12 Dividend of UK£0.12 is 4.5% higher than last year. Ex-date: 12th September 2024 Payment date: 11th October 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (183% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£9.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 48% over the past three years. Announcement • Sep 05
Churchill China plc Announces Interim Dividend for the Six Months Ended 30 June, 2024, Payable on 11 October 2024 Churchill China plc announced that an interim dividend of 11.5 pence per share for the six months ended 30 June, 2024 (first half 2023: 11.0 pence per share,fiscal year 2023: 36.0 pence per share) will be paid, an increase of 4.5% on the previous year. The company continues to have the aim to progressively increase its dividend, highlighting the Board's confidence in the business. This dividend will be payable on 11 October 2024 to shareholders on the register at 13 September 2024. Announcement • Jul 24
Churchill China plc to Report First Half, 2024 Results on Sep 05, 2024 Churchill China plc announced that they will report first half, 2024 results on Sep 05, 2024 Buy Or Sell Opportunity • Jun 10
Now 22% overvalued Over the last 90 days, the stock has fallen 6.4% to UK£11.00. The fair value is estimated to be UK£9.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Buy Or Sell Opportunity • May 25
Now 21% overvalued Over the last 90 days, the stock has fallen 4.3% to UK£11.00. The fair value is estimated to be UK£9.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Announcement • May 12
Churchill China plc, Annual General Meeting, Jun 05, 2024 Churchill China plc, Annual General Meeting, Jun 05, 2024. Location: the companys head office, no 1 marlborough way, sandyford, tunstall, st6 5nz, stoke on trent United Kingdom Upcoming Dividend • May 10
Upcoming dividend of UK£0.25 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.5%). Declared Dividend • Apr 12
Final dividend increased to UK£0.25 Dividend of UK£0.25 is 19% higher than last year. Ex-date: 16th May 2024 Payment date: 17th June 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 11
Churchill China plc Proposes Final Dividend, Payable on 17 June 2024 Churchill China plc proposed a final dividend of 25.0 pence per share, giving a total dividend of 36.0 pence per share for the year, a 14.3% increase on the 31.5 pence paid in relation to 2022. The final dividend will be payable on 17 June 2024 to shareholders on the register on 17 May 2024. Reported Earnings • Apr 11
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: UK£0.70 (down from UK£0.72 in FY 2022). Revenue: UK£82.3m (flat on FY 2022). Net income: UK£7.72m (down 2.3% from FY 2022). Profit margin: 9.4% (in line with FY 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 11
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to UK£11.00. The fair value is estimated to be UK£9.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 28
Churchill China plc to Report Q4, 2023 Results on Apr 10, 2024 Churchill China plc announced that they will report Q4, 2023 results on Apr 10, 2024 Announcement • Jan 16
Churchill China plc Appoints Martin Payne to the Board as Non-Executive Director Churchill China plc announced the appointment of Martin Payne to the Board as a Non-Executive Director with immediate effect. Martin has also been appointed as a member of the remuneration, audit and nomination committees. Having served on the Board for over 10 years, Brendan Hynes non-executive director will step down from the Board on 4 June, and Martin will assume the role of Senior Independent Director and will become Chair of the Audit Committee following the announcement of the 2023 results in April. Martin brings a wealth of previous experience to the board having served as CFO and CEO of Genuit Group plc and with extensive experience within the ceramics industry as Financial Director of Johnsons Tiles and as CFO of Norcros plc. Since 2021 Martin has been the Chair of the Audit Committee at Stelrad plc. A qualified Management Accountant, Martin has over 30 years of manufacturing experience including a brief spell within the pottery industry and has also served as Chairman of the Construction Products Association. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£13.25, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£12.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 5.3% over the past three years. Reported Earnings • Sep 17
First half 2023 earnings released: EPS: UK£0.32 (vs UK£0.29 in 1H 2022) First half 2023 results: EPS: UK£0.32 (up from UK£0.29 in 1H 2022). Revenue: UK£44.0m (up 6.4% from 1H 2022). Net income: UK£3.50m (up 9.9% from 1H 2022). Profit margin: 8.0% (up from 7.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 14
Churchill China plc Recommends Interim Dividend for the Six Months Ended 30 June, 2023, Payable on 13 October 2023 The Directors of Churchill China plc recommended an interim dividend of 11.0 pence per share (first half 2022: 10.5 pence per share, fiscal year 2022: 31.5 pence per share) an increase of approximately 5% on the previous year despite the increase in corporation tax in the current year to 25% (2022: 19%). This dividend will be payable on 13 October 2023 to shareholders on the register at 22 September 2023. Announcement • Jul 18
Churchill China plc to Report First Half, 2023 Results on Sep 14, 2023 Churchill China plc announced that they will report first half, 2023 results on Sep 14, 2023 Announcement • May 12
Churchill China plc, Annual General Meeting, Jun 08, 2023 Churchill China plc, Annual General Meeting, Jun 08, 2023, at 11:00 Coordinated Universal Time. Location: No.1 Marlborough Way, Tunstall, Tunstall United Kingdom Upcoming Dividend • May 11
Upcoming dividend of UK£0.21 per share at 2.0% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (5.2%). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to UK£16.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 16% over the past three years. Reported Earnings • Apr 14
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: UK£0.72 (up from UK£0.38 in FY 2021). Revenue: UK£82.5m (up 36% from FY 2021). Net income: UK£7.90m (up 90% from FY 2021). Profit margin: 9.6% (up from 6.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 1.7% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Churchill China plc Appoints Caroline Stephens to the Board as an Independent Non-Executive Director Churchill China PLC announced the appointment of Caroline Stephens to the board as an independent non-executive director with immediate effect. Caroline has also been appointed as member of the remuneration, audit and nomination committees. Caroline brings extensive experience to the Board, having served as a senior executive at Johnson & Johnson for over 25 years in multiple leadership roles including UK Marketing Director and having responsibility for the digital transformation of the EMEA consumer sector. Latterly, Caroline has been a consultant, adviser and director with roles including joining the Board of Tristel plc, an AIM listed infection prevention business as a Non-Executive Director, and the EMEA board of CI&T, a global digital solutions specialist. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to UK£10.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£7.75 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Senior Independent Non Executive Director Brendan Hynes was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 20% share price gain to UK£14.35, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 6x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 7.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£12.93 per share. Reported Earnings • Sep 14
First half 2022 earnings released: EPS: UK£0 (vs UK£0.045 in 1H 2021) First half 2022 results: EPS: UK£0. Revenue: UK£41.4m (up 73% from 1H 2021). Net income: UK£3.19m (up UK£2.69m from 1H 2021). Profit margin: 7.7% (up from 2.1% in 1H 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Durables industry in the United Kingdom. Recent Insider Transactions • Jun 29
CEO & Executive Director recently sold UK£112k worth of stock On the 24th of June, David O'Connor sold around 8k shares on-market at roughly UK£14.00 per share. This was the largest sale by an insider in the last 3 months. David has been a seller over the last 12 months, reducing personal holdings by UK£197k. Upcoming Dividend • May 25
Upcoming dividend of UK£0.17 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (4.8%). Lower than average of industry peers (4.2%). Reported Earnings • Apr 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.38 (up from UK£0.01 in FY 2020). Revenue: UK£60.8m (up 67% from FY 2020). Net income: UK£4.17m (up UK£4.05m from FY 2020). Profit margin: 6.8% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 23%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Angela Bromfield was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 22
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.38 (up from UK£0.01 in FY 2020). Revenue: UK£60.8m (up 67% from FY 2020). Net income: UK£4.17m (up UK£4.05m from FY 2020). Profit margin: 6.8% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 23%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Apr 21
Price target decreased to UK£17.43 Down from UK£20.80, the current price target is provided by 1 analyst. New target price is 24% above last closing price of UK£14.00. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of UK£0.38 for next year compared to UK£0.01 last year. Price Target Changed • Dec 22
Price target increased to UK£20.80 Up from UK£18.50, the current price target is an average from 2 analysts. New target price is 19% above last closing price of UK£17.50. Stock is up 45% over the past year. The company is forecast to post earnings per share of UK£0.38 for next year compared to UK£0.01 last year. Recent Insider Transactions • Sep 22
Finance Director recently sold UK£175k worth of stock On the 17th of September, David J. Taylor sold around 9k shares on-market at roughly UK£19.40 per share. This was the largest sale by an insider in the last 3 months. This was David J.'s only on-market trade for the last 12 months. Reported Earnings • Sep 05
First half 2021 earnings released: EPS UK£0.045 (vs UK£0.029 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£23.9m (up 27% from 1H 2020). Net income: UK£497.0k (up UK£813.0k from 1H 2020). Profit margin: 2.1% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Price Target Changed • Sep 01
Price target increased to UK£19.65 Up from UK£17.60, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of UK£19.15. Stock is up 89% over the past year. Upcoming Dividend • Jul 29
Upcoming dividend of UK£0.067 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 03 September 2021. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (3.6%). Price Target Changed • May 25
Price target increased to UK£17.60 Up from UK£14.93, the current price target is an average from 2 analysts. New target price is 5.5% above last closing price of UK£16.68. Stock is up 31% over the past year. Reported Earnings • Apr 21
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£36.4m (down 46% from FY 2019). Net income: UK£113.0k (down 99% from FY 2019). Profit margin: 0.3% (down from 13% in FY 2019). Is New 90 Day High Low • Mar 09
New 90-day high: UK£14.00 The company is up 8.0% from its price of UK£13.00 on 08 December 2020. The British market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Consumer Durables industry, which is also up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£7.10 per share.