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Hornby

AIM:HRN
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRN
AIM
£42M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Hornby PLC, through its subsidiaries, engages in the development, production, and supply of toy and hobby products. The last earnings update was 185 days ago. More info.


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HRN Share Price and Events
7 Day Returns
-5.7%
AIM:HRN
1%
GB Leisure
-0.6%
GB Market
1 Year Returns
36.6%
AIM:HRN
19.3%
GB Leisure
-5.8%
GB Market
HRN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hornby (HRN) -5.7% -13.1% 0.6% 36.6% 5.4% -58.4%
GB Leisure 1% 5.9% 29.1% 19.3% 111.2% 129.3%
GB Market -0.6% -2% 1.4% -5.8% 13.1% 1.3%
1 Year Return vs Industry and Market
  • HRN outperformed the Leisure industry which returned 19.3% over the past year.
  • HRN outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.8% over the past year.
Price Volatility
HRN
Industry
5yr Volatility vs Market

Value

 Is Hornby 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
  • It is not possible to calculate the future cash flow value for Hornby. This is due to cash flow or dividend data being unavailable. The share price is £0.332.
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 Hornby's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hornby's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:HRN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £-0.06
AIM:HRN Share Price ** AIM (2019-05-24) in GBP £0.33
Europe Leisure Industry PE Ratio Median Figure of 24 Publicly-Listed Leisure Companies 18.6x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.22x

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

** Primary Listing of Hornby.

AIM:HRN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:HRN Share Price ÷ EPS (both in GBP)

= 0.33 ÷ -0.06

-5.3x

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

  • Hornby is loss making, we can't compare its value to the Europe Leisure industry average.
  • Hornby is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Hornby's expected growth come at a high price?
Raw Data
AIM:HRN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.44x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 575 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Hornby, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hornby's assets?
Raw Data
AIM:HRN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.22
AIM:HRN Share Price * AIM (2019-05-24) in GBP £0.33
United Kingdom of Great Britain and Northern Ireland Leisure Industry PB Ratio Median Figure of 5 Publicly-Listed Leisure Companies 2.57x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,369 Publicly-Listed Companies 1.49x
AIM:HRN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:HRN Share Price ÷ Book Value per Share (both in GBP)

= 0.33 ÷ 0.22

1.48x

* Primary Listing of Hornby.

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

  • Hornby is good value based on assets compared to the GB Leisure industry average.
X
Value checks
We assess Hornby'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 Leisure 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 Leisure industry average (and greater than 0)? (1 check)
  5. Hornby has a total score of 1/6, 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 Hornby expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hornby has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.8%
Expected Leisure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hornby expected to grow at an attractive rate?
  • Unable to compare Hornby's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hornby's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Hornby's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:HRN Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Leisure Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
AIM:HRN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:HRN Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:HRN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 32 -5 -7
2018-06-30 34 -5 -9
2018-03-31 36 -6 -10
2017-12-31 39 -5 -10
2017-09-30 43 -3 -11
2017-06-30 45 -2 -10
2017-03-31 47 0 -10
2016-12-31 51 -2 -12
2016-09-30 55 -3 -15
2016-06-30 56 -6 -14
2016-03-31 56 -10 -14
2015-12-31 56 -7 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hornby is high growth as no earnings estimate data is available.
  • Unable to determine if Hornby is high growth as no revenue estimate data is available.
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
AIM:HRN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hornby Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:HRN Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:HRN Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 -0.06
2018-06-30 -0.08
2018-03-31 -0.10
2017-12-31 -0.11
2017-09-30 -0.13
2017-06-30 -0.13
2017-03-31 -0.13
2016-12-31 -0.19
2016-09-30 -0.27
2016-06-30 -0.27
2016-03-31 -0.28
2015-12-31 -0.17

*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.
  • Unable to establish if Hornby will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Hornby's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Hornby's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Hornby's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Hornby'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Hornby has a total score of 0/6, 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 Hornby performed over the past 5 years?

  • Hornby's last earnings update was 185 days ago.
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 Hornby's growth in the last year to its industry (Leisure).
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.
  • Hornby does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hornby's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hornby's 1-year growth to the Europe Leisure industry average as it is not currently profitable.
Earnings and Revenue History
Hornby'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 Hornby Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:HRN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 32.43 -7.37 19.13
2018-06-30 34.04 -8.61 19.96
2018-03-31 35.65 -9.85 20.80
2017-12-31 39.10 -10.27 21.71
2017-09-30 42.54 -10.69 22.62
2017-06-30 44.98 -10.18 23.56
2017-03-31 47.42 -9.67 24.50
2016-12-31 51.39 -12.30 25.57
2016-09-30 55.37 -14.94 26.65
2016-06-30 55.56 -14.33 27.20
2016-03-31 55.76 -13.71 27.75
2015-12-31 56.01 -8.39 27.97
2015-09-30 56.26 -3.08 28.19
2015-06-30 57.20 -1.60 26.97
2015-03-31 58.14 -0.12 25.76
2014-12-31 55.70 -2.03 24.41
2014-09-30 53.27 -3.94 23.06
2014-06-30 52.41 -4.19 23.07
2014-03-31 51.56 -4.45 23.08
2013-12-31 52.22 -3.78 23.25
2013-09-30 52.89 -3.11 23.42
2013-06-30 55.14 -2.80 23.65
2013-03-31 57.40 -2.50 23.89
2012-12-31 60.23 -0.13 24.37
2012-09-30 63.06 2.24 24.85
2012-06-30 63.75 2.70 25.23

*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.
  • It is difficult to establish if Hornby has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Hornby has efficiently used its assets last year compared to the Europe Leisure industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hornby improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hornby'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 Leisure 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.
Hornby has a total score of 0/6, 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 Hornby'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 Hornby's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hornby is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hornby's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hornby'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 covered by short term assets, assets are 8.1x 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 Hornby Company Filings, last reported 7 months ago.

AIM:HRN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 28.10 2.42 0.64
2018-06-30 28.10 2.42 0.64
2018-03-31 30.86 0.00 3.88
2017-12-31 30.86 0.00 3.88
2017-09-30 23.71 5.16 0.48
2017-06-30 23.71 5.16 0.48
2017-03-31 29.66 0.08 1.58
2016-12-31 29.66 0.08 1.58
2016-09-30 35.20 3.03 0.90
2016-06-30 35.20 3.03 0.90
2016-03-31 32.14 7.88 0.68
2015-12-31 32.14 7.88 0.68
2015-09-30 42.24 6.20 0.46
2015-06-30 42.24 6.20 0.46
2015-03-31 31.76 7.91 0.45
2014-12-31 31.76 7.91 0.45
2014-09-30 31.16 11.33 0.35
2014-06-30 31.16 11.33 0.35
2014-03-31 31.37 7.89 0.62
2013-12-31 31.37 7.89 0.62
2013-09-30 35.06 8.51 0.43
2013-06-30 35.06 8.51 0.43
2013-03-31 36.40 5.81 3.55
2012-12-31 36.40 5.81 3.55
2012-09-30 38.87 7.15 0.69
2012-06-30 38.87 7.15 0.69
  • Hornby's level of debt (8.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24.3% vs 8.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Hornby has less than a year of cash runway based on current free cash flow.
  • Hornby has less than a year of cash runway if free cash flow continues to reduce at historical rates of -22.3% each year.
X
Financial health checks
We assess Hornby'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. Hornby has a total score of 4/6, 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 Hornby'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
0%
Current annual income from Hornby dividends.
If you bought £2,000 of Hornby shares you are expected to receive £0 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?
  • Unable to evaluate Hornby's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hornby's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AIM:HRN 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 0 Analyst Estimates (S&P Global) See Below
Europe Leisure Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.3%
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 5.3%

Industry and Market average data is calculated daily.

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

AIM:HRN Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
AIM:HRN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2013-11-13 0.000 0.000
2013-06-07 0.000 0.000
2012-11-09 0.000 0.000
2012-06-08 0.037 4.982
2011-06-03 0.050 4.260
2010-11-12 0.034 2.721
2010-06-04 0.050 3.396
2009-11-13 0.000 0.000
2009-06-05 0.000 0.000

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

  • Unable to perform a dividend volatility check as Hornby has not reported any payouts.
  • Unable to verify if Hornby's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hornby's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hornby has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hornby'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 Hornby afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hornby has a total score of 0/6, 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 Hornby'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
Lyndon Davies
COMPENSATION £204,400
AGE 57
TENURE AS CEO 1.6 years
CEO Bio

Mr. Lyndon Charles Davies has been Chief Executive Officer of Hornby plc since October 5, 2017 and served as its Interim Chairman since 2018 until August 21, 2018. Mr. Davies is a highly-experienced model and hobby professional with 40 years' experience in the industry, he has built Oxford Diecast into a successful international business over the past two decades focused on diecast vehicles, aircraft and more recently, rail based products. Mr. Davies serves as Chairman of Oxford Diecast (Oxford), a business founded in 1993. He has been a Director of Hornby plc since October 5, 2017. He serves as a Director of Oxford Diecast Limited, LCD Enterprises Limited, Oxford Diecast (HK) Limited and Oxford Diecast, USA LLC. He served as a Director of Microlink Industries Limited.

CEO Compensation
  • Insufficient data for Lyndon to compare compensation growth.
  • Lyndon's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Hornby management team in years:

1.6
Average Tenure
  • The average tenure for the Hornby management team is less than 2 years, this suggests a new team.
Management Team

Lyndon Davies

TITLE
CEO & Executive Director
COMPENSATION
£204K
AGE
57
TENURE
1.6 yrs

Kirstie Gould

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£148K
AGE
44
TENURE
1.3 yrs

Tim Mulhall

TITLE
Operational Consultant
TENURE
1.6 yrs

Simon Kohler

TITLE
Operational Consultant
TENURE
1.6 yrs
Board of Directors Tenure

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

1.5
Average Tenure
50.5
Average Age
  • The average tenure for the Hornby board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Stansfield

TITLE
Non-Executive Chairman
COMPENSATION
£9K
AGE
63
TENURE
0.8 yrs

Lyndon Davies

TITLE
CEO & Executive Director
COMPENSATION
£204K
AGE
57
TENURE
1.6 yrs

Kirstie Gould

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£148K
AGE
44
TENURE
1.3 yrs

James Wilson

TITLE
Non-Executive Director
AGE
32
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
29. Jun 18 Buy Lyndon Davies Individual 29. Jun 18 29. Jun 18 112,935 £0.35 £40,002
28. Jun 18 Buy Lyndon Davies Individual 28. Jun 18 28. Jun 18 116,632 £0.34 £40,005
27. Jun 18 Buy Lyndon Davies Individual 27. Jun 18 27. Jun 18 60,426 £0.33 £20,001
25. Jun 18 Buy Simon Kohler Individual 25. Jun 18 25. Jun 18 15,115 £0.33 £4,988
25. Jun 18 Buy Lyndon Davies Individual 25. Jun 18 25. Jun 18 120,324 £0.33 £39,974
22. Jun 18 Buy Lyndon Davies Individual 22. Jun 18 22. Jun 18 132,347 £0.30 £39,995
22. Jun 18 Buy James Wilson Individual 22. Jun 18 22. Jun 18 31,000 £0.32 £10,025
21. Jun 18 Buy Kirstie Gould Individual 19. Jun 18 19. Jun 18 41,276 £0.24 £9,989
21. Jun 18 Buy Tim Mulhall Individual 20. Jun 18 20. Jun 18 19,604 £0.28 £5,450
X
Management checks
We assess Hornby'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. Hornby 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

Should You Be Happy With Hornby plc's (LON:HRN) Performance Lately?

In this article, I will take a look at Hornby plc's (LON:HRN) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, along with how the rest of HRN's industry performed. … Have HRN's earnings improved against past performances and the industry. … HRN is loss-making, with the most recent trailing twelve-month earnings of -UK£10m (from 31 March 2018), which compared to last year has become.

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Did Hornby plc's (LON:HRN) Recent Earnings Growth Beat The Trend?

After looking at Hornby plc's (LON:HRN) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … How Did HRN's Recent Performance Stack Up Against Its Past. … HRN is loss-making, with the most recent trailing twelve-month earnings of -UK£10.69m (from 30 September 2017), which compared to last year has become.

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What Investors Should Know About Hornby plc's (LON:HRN) Financial Strength

Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … AIM:HRN Historical Debt May 18th 18 Is HRN’s debt level acceptable? … Risk around debt is very low for HRN, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: HRN’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Interested In The Consumer Sector? Take A Look At Hornby plc (AIM:HRN)

Consumer discretionary analysts are forecasting for the entire industry, a somewhat weaker growth of 7.75% in the upcoming year , and a strong near-term growth of 16.97% over the next couple of years. … However, this rate came in below the growth rate of the UK stock market as a whole. … AIM:HRN PE PEG Gauge Nov 25th 17 The leisure industry is trading at a PE ratio of 18x, in-line with the UK stock market PE of 19x.

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How Does Investing In Hornby plc (AIM:HRN) Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … HRN's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … However, this is the opposite to what HRN’s actual beta value suggests, which is lower stock volatility relative to the market.

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Who Owns Most Of Hornby plc (AIM:HRN)?

In this analysis, my focus will be on developing a perspective on Hornby plc’s (AIM:HRN) latest ownership structure, a less discussed, but important factor. … See our latest analysis for HRN AIM:HRN Ownership Summary Oct 25th 17 Institutional Ownership HRN's 99.94% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … HRN's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Company Info

Description

Hornby PLC, through its subsidiaries, engages in the development, production, and supply of toy and hobby products. It offers products under various categories, including train sets, locomotives, train packs, wagons and coaches, themes, tracks and track accessories, buildings, platforms and bridges, and power and control, as well as spares and accessories. The company sells its products through a network of hobby specialists and retailers under the Hornby, Thomas & Friends, Skaledale, Arnold, Jouef, Lima, Rivarossi, and Electrotren brands. It operates in the United Kingdom and rest of Europe, the United State, Spain, and Italy. The company was founded in 1907 and is based in Margate, the United Kingdom.

Details
Name: Hornby PLC
HRN
Exchange: AIM
Founded: 1907
£41,586,709
125,261,172
Website: http://www.hornby.com
Address: Hornby PLC
Westwood Industrial Estate,
Enterprise Road,
Margate,
Kent, CT9 4JX,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM HRN Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
OTCPK HRNB.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
Number of employees
Current staff
Staff numbers
163
Hornby employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 20:33
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2017/06/21
Last earnings filing: 2018/11/22
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.