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PMP

Portmeirion Group AIM:PMP Stock Report

Last Price

UK£3.33

Market Cap

UK£45.7m

7D

0.8%

1Y

-51.5%

Updated

24 Sep, 2022

Data

Company Financials +
PMP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends2/6

PMP Stock Overview

Portmeirion Group PLC manufactures, markets, and distributes ceramics, home fragrances, and associated homeware products in the United Kingdom, the United States, South Korea, and internationally.

Portmeirion Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Portmeirion Group
Historical stock prices
Current Share PriceUK£3.33
52 Week HighUK£7.20
52 Week LowUK£3.10
Beta1.39
1 Month Change-15.29%
3 Month Change-18.90%
1 Year Change-51.46%
3 Year Change-62.43%
5 Year Change-63.34%
Change since IPO47.12%

Recent News & Updates

Sep 02
Is Portmeirion Group PLC (LON:PMP) Potentially Undervalued?

Is Portmeirion Group PLC (LON:PMP) Potentially Undervalued?

Portmeirion Group PLC ( LON:PMP ), might not be a large cap stock, but it received a lot of attention from a...

Shareholder Returns

PMPGB Consumer DurablesGB Market
7D0.8%-5.0%-3.1%
1Y-51.5%-40.9%-13.8%

Return vs Industry: PMP underperformed the UK Consumer Durables industry which returned -40.9% over the past year.

Return vs Market: PMP underperformed the UK Market which returned -13.8% over the past year.

Price Volatility

Is PMP's price volatile compared to industry and market?
PMP volatility
PMP Average Weekly Movement6.2%
Consumer Durables Industry Average Movement4.9%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: PMP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PMP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1912866Mike Raybouldhttps://www.portmeiriongroup.com

Portmeirion Group PLC manufactures, markets, and distributes ceramics, home fragrances, and associated homeware products in the United Kingdom, the United States, South Korea, and internationally. It offers tableware, cookware, giftware, glassware, and tabletop accessories under the Portmeirion, Spode, Wax Lyrical, Royal Worcester, Nambé, and Pimpernel brand names. The company provides placemats, coasters, bone china and porcelain tableware, wood, glass and metal alloy giftware, and other products.

Portmeirion Group Fundamentals Summary

How do Portmeirion Group's earnings and revenue compare to its market cap?
PMP fundamental statistics
Market CapUK£45.72m
Earnings (TTM)UK£3.09m
Revenue (TTM)UK£108.35m

14.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PMP income statement (TTM)
RevenueUK£108.35m
Cost of RevenueUK£48.46m
Gross ProfitUK£59.89m
Other ExpensesUK£56.80m
EarningsUK£3.09m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin55.28%
Net Profit Margin2.86%
Debt/Equity Ratio15.9%

How did PMP perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

73%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PMP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PMP?

Other financial metrics that can be useful for relative valuation.

PMP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA6.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PMP's PE Ratio compare to its peers?

PMP PE Ratio vs Peers
The above table shows the PE ratio for PMP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.6x
CHH Churchill China
21.3x12.2%UK£146.3m
CFX Colefax Group
7.3xn/aUK£61.8m
SDG Sanderson Design Group
9x5.4%UK£69.6m
HRN Hornby
32.8xn/aUK£48.4m
PMP Portmeirion Group
14.8xn/aUK£45.7m

Price-To-Earnings vs Peers: PMP is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (17.6x).


Price to Earnings Ratio vs Industry

How does PMP's PE Ratio compare vs other companies in the GB Consumer Durables Industry?

Price-To-Earnings vs Industry: PMP is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the European Consumer Durables industry average (8.4x)


Price to Earnings Ratio vs Fair Ratio

What is PMP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PMP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PMP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PMP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PMP (£3.33) is trading below our estimate of fair value (£11.58)

Significantly Below Fair Value: PMP is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.9%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PMP's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if PMP's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if PMP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PMP's revenue (4.9% per year) is forecast to grow faster than the UK market (4.6% per year).

High Growth Revenue: PMP's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PMP's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Portmeirion Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-26.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PMP has a large one-off loss of £1.5M impacting its June 30 2022 financial results.

Growing Profit Margin: PMP's current net profit margins (2.9%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: PMP's earnings have declined by 26.2% per year over the past 5 years.

Accelerating Growth: PMP's earnings growth over the past year (18.4%) exceeds its 5-year average (-26.2% per year).

Earnings vs Industry: PMP earnings growth over the past year (18.4%) underperformed the Consumer Durables industry 18.4%.


Return on Equity

High ROE: PMP's Return on Equity (4.9%) is considered low.


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Financial Health

How is Portmeirion Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PMP's short term assets (£60.4M) exceed its short term liabilities (£26.1M).

Long Term Liabilities: PMP's short term assets (£60.4M) exceed its long term liabilities (£11.5M).


Debt to Equity History and Analysis

Debt Level: PMP's net debt to equity ratio (10.8%) is considered satisfactory.

Reducing Debt: PMP's debt to equity ratio has reduced from 22.1% to 15.9% over the past 5 years.

Debt Coverage: PMP's debt is well covered by operating cash flow (25.7%).

Interest Coverage: PMP's interest payments on its debt are well covered by EBIT (16x coverage).


Balance Sheet


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Dividend

What is Portmeirion Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PMP's dividend (2.11%) is higher than the bottom 25% of dividend payers in the UK market (2.05%).

High Dividend: PMP's dividend (2.11%) is low compared to the top 25% of dividend payers in the UK market (5.77%).


Stability and Growth of Payments

Stable Dividend: PMP's dividend payments have been volatile in the past 10 years.

Growing Dividend: PMP's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (73.3%), PMP's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: PMP is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Mike Raybould (51 yo)

3yrs

Tenure

UK£608,000

Compensation

Mr. Michael Trevor Raybould, BSc ACA, also known as Mike, has been Chief Executive Officer of Portmeirion Group plc since September 02, 2019 and served as its Group Finance Director from May 26, 2017 to Se...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD664.71K) is above average for companies of similar size in the UK market ($USD327.98K).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PMP's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: PMP's board of directors are considered experienced (4.4 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

AIM:PMP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Jun 22BuyUK£9,969David SprostonIndividual2,500UK£3.99
14 Jun 22BuyUK£7,988Michael RaybouldIndividual1,980UK£4.03

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 74.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.03%
Second Caroline Fulbright Settlement
1,792,272£6.0m0%no data
9.61%
Charles Stanley & Co. Ltd, Asset Management Arm
1,321,710£4.4m0%0.05%
6.8%
Investec Wealth & Investment Limited
935,561£3.1m0%0.03%
6.69%
AB Traction
920,158£3.1m50.81%2.84%
4.6%
Shahrzad Farhadi
632,333£2.1m0%no data
4.55%
Ruffer LLP
625,000£2.1m-34.9%0.03%
4.09%
Kamrouz Farhadi
562,917£1.9m0%no data
2.9%
Fidelity International Ltd
399,062£1.3m0%no data
2.4%
HSBC Global Asset Management (UK) Limited
330,324£1.1m0%no data
2.12%
Octopus Investments Limited
291,660£969.8k0%0.05%
1.92%
Killik Asset Management
263,768£877.0k0%0.05%
1.82%
Ymddiriedolaeth Clough Williams-Ellis Foundation, Endowment Arm
250,000£831.3k0%no data
1.71%
Portmeirion Group plc, Employee Benefit Trust
234,523£779.8k0%no data
1.5%
J.M. Finn & Co. Ltd.
205,769£684.2k0%0.02%
1.44%
Barclays Bank PLC, Wealth and Investment Management Division
197,747£657.5k0%0.01%
1.33%
Corporation Of The Sons & Friends Of The Clergy., Endowment Arm
182,895£608.1k0%no data
1.1%
EFG Private Bank SA, Asset Management Arm
151,935£505.2k0%0.02%
1.05%
A J Bell Holdings Limited, Asset Management Arm
144,892£481.8k0%0.01%
1.01%
Canaccord Genuity Wealth (International) Limited
139,036£462.3k0%0.01%
0.98%
London Wealth Management Limited
134,797£448.2k0%0.03%
0.91%
HBOS Investment Fund Managers Limited
125,781£418.2k0%no data
0.88%
James Sharp & Co., Asset Management Arm
120,384£400.3k0%0.06%
0.73%
Chelverton Asset Management Limited
100,000£332.5k0%0.02%
0.59%
Thesis Asset Management Limited
81,000£269.3k0%0.2%
0.53%
FMR LLC
73,413£244.1k0%no data

Company Information

Portmeirion Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Portmeirion Group PLC
  • Ticker: PMP
  • Exchange: AIM
  • Founded: 1912
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Implied Market Cap: UK£45.722m
  • Shares outstanding: 13.75m
  • Website: https://www.portmeiriongroup.com

Number of Employees


Location

  • Portmeirion Group PLC
  • London Road
  • Stoke-On-Trent
  • Staffordshire
  • ST4 7QQ
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
POTM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
PMPAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.