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Portmeirion Group

AIM:PMP
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PMP
AIM
£104M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

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. The last earnings update was 42 days ago. More info.


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PMP Share Price and Events
7 Day Returns
0.5%
AIM:PMP
-4.2%
GB Consumer Durables
0.5%
GB Market
1 Year Returns
-21.3%
AIM:PMP
-16.1%
GB Consumer Durables
-5.4%
GB Market
PMP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Portmeirion Group (PMP) 0.5% -16.6% -13.7% -21.3% -15.3% 32%
GB Consumer Durables -4.2% -9% -4.7% -16.1% -2.2% 57.9%
GB Market 0.5% -1.7% 2.1% -5.4% 13.8% 1.8%
1 Year Return vs Industry and Market
  • PMP underperformed the Consumer Durables industry which returned -16.1% over the past year.
  • PMP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.4% over the past year.
Price Volatility
PMP
Industry
5yr Volatility vs Market

Value

 Is Portmeirion Group 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
Here we compare the current share price of Portmeirion Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Portmeirion Group.

AIM:PMP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:PMP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.897 (1 + (1- 19%) (4.76%))
0.954
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.954 * 6.65%)
7.57%

Discounted Cash Flow Calculation for AIM:PMP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Portmeirion Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:PMP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.57%)
2019 4.75 Analyst x2 4.42
2020 5.50 Analyst x2 4.75
2021 5.90 Analyst x2 4.74
2022 6.04 Est @ 2.45% 4.51
2023 6.17 Est @ 2.09% 4.28
2024 6.28 Est @ 1.83% 4.06
2025 6.39 Est @ 1.65% 3.83
2026 6.48 Est @ 1.52% 3.62
2027 6.58 Est @ 1.43% 3.41
2028 6.67 Est @ 1.37% 3.21
Present value of next 10 years cash flows £40.83
AIM:PMP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £6.67 × (1 + 1.23%) ÷ (7.57% – 1.23%)
£106.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £106.36 ÷ (1 + 7.57%)10
£51.26
AIM:PMP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £40.83 + £51.26
£92.09
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £92.09 / 10.63
£8.67
AIM:PMP Discount to Share Price
Calculation Result
Value per share (GBP) From above. £8.67
Current discount Discount to share price of £9.80
= -1 x (£9.80 - £8.67) / £8.67
-13.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Portmeirion Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Portmeirion Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Portmeirion Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:PMP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.72
AIM:PMP Share Price ** AIM (2019-05-23) in GBP £9.8
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 26 Publicly-Listed Consumer Durables Companies 9.77x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.47x

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

** Primary Listing of Portmeirion Group.

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

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

= 9.8 ÷ 0.72

13.59x

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

  • Portmeirion Group is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • Portmeirion Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Portmeirion Group's expected growth come at a high price?
Raw Data
AIM:PMP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
1.4%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 23 Publicly-Listed Consumer Durables Companies 1.15x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

AIM:PMP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.59x ÷ 1.4%

9.99x

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

  • Portmeirion Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Portmeirion Group's assets?
Raw Data
AIM:PMP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £4.58
AIM:PMP Share Price * AIM (2019-05-23) in GBP £9.8
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 28 Publicly-Listed Consumer Durables Companies 1.69x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,369 Publicly-Listed Companies 1.5x
AIM:PMP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9.8 ÷ 4.58

2.14x

* Primary Listing of Portmeirion Group.

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

  • Portmeirion Group is overvalued based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Portmeirion Group'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Portmeirion Group 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 Portmeirion Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Portmeirion Group expected to grow at an attractive rate?
  • Portmeirion Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Portmeirion Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Portmeirion Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:PMP Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:PMP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 1.4%
AIM:PMP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.2%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
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:PMP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:PMP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 94 9 8 2
2020-12-31 91 8 8 2
2019-12-31 88 8 7 2
AIM:PMP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 90 7 8
2018-09-30 89 6 7
2018-06-30 89 5 7
2018-03-31 87 6 7
2017-12-31 85 7 7
2017-09-30 83 9 7
2017-06-30 81 11 6
2017-03-31 79 9 6
2016-12-31 77 7 6
2016-09-30 73 7 6
2016-06-30 69 7 7
2016-03-31 69 9 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Portmeirion Group's earnings are expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
  • Portmeirion Group's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
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:PMP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Portmeirion Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:PMP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.78 0.81 0.74 2.00
2020-12-31 0.72 0.75 0.70 2.00
2019-12-31 0.66 0.66 0.66 2.00
AIM:PMP Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.72
2018-09-30 0.70
2018-06-30 0.68
2018-03-31 0.67
2017-12-31 0.65
2017-09-30 0.63
2017-06-30 0.62
2017-03-31 0.61
2016-12-31 0.60
2016-09-30 0.61
2016-06-30 0.63
2016-03-31 0.64

*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.
  • Portmeirion Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Portmeirion Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Portmeirion Group has a total score of 1/6, 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 Portmeirion Group performed over the past 5 years?

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 Portmeirion Group's growth in the last year to its industry (Consumer Durables).
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.
  • Portmeirion Group's year on year earnings growth rate has been positive over the past 5 years.
  • Portmeirion Group's 1-year earnings growth exceeds its 5-year average (11.8% vs 4.6%)
  • Portmeirion Group's earnings growth has not exceeded the GB Consumer Durables industry average in the past year (11.8% vs 13%).
Earnings and Revenue History
Portmeirion Group'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 Portmeirion Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:PMP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 89.59 7.69 38.53 0.30
2018-09-30 89.06 7.47 37.00 0.25
2018-06-30 88.53 7.26 35.48 0.19
2018-03-31 86.65 7.07 35.52 0.19
2017-12-31 84.77 6.88 35.56 0.19
2017-09-30 83.03 6.66 35.05 0.23
2017-06-30 81.28 6.45 34.55 0.27
2017-03-31 78.98 6.34 34.53 0.27
2016-12-31 76.68 6.23 34.51 0.27
2016-09-30 73.01 6.39 32.29 0.24
2016-06-30 69.33 6.56 30.08 0.21
2016-03-31 69.00 6.73 30.09 0.21
2015-12-31 68.67 6.90 30.10 0.21
2015-09-30 66.69 6.68 28.99 0.24
2015-06-30 64.71 6.46 27.88 0.26
2015-03-31 63.04 6.27 27.87 0.26
2014-12-31 61.37 6.07 27.86 0.26
2014-09-30 60.20 6.01 26.56 0.26
2014-06-30 59.03 5.95 25.26 0.27
2014-03-31 58.66 5.78 25.29 0.27
2013-12-31 58.30 5.61 25.31 0.27
2013-09-30 57.41 5.07 25.10 0.25
2013-06-30 56.52 4.54 24.89 0.23
2013-03-31 56.02 4.71 24.89 0.23
2012-12-31 55.53 4.89 24.90 0.23
2012-09-30 54.79 4.70 25.35 0.23
2012-06-30 54.06 4.52 25.79 0.22

*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.
  • Portmeirion Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Portmeirion Group used its assets more efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • Portmeirion Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Portmeirion Group'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 Consumer Durables 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.
Portmeirion Group has a total score of 3/6, 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 Portmeirion Group'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 Portmeirion Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Portmeirion Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Portmeirion Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Portmeirion Group'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 8.5x 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 Portmeirion Group Company Filings, last reported 4 months ago.

AIM:PMP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 48.65 4.96 7.21
2018-09-30 48.65 4.96 7.21
2018-06-30 42.58 5.95 4.69
2018-03-31 42.58 5.95 4.69
2017-12-31 44.77 6.94 8.49
2017-09-30 44.77 6.94 8.49
2017-06-30 35.61 7.89 6.22
2017-03-31 35.61 7.89 6.22
2016-12-31 36.79 8.87 6.54
2016-09-30 36.79 8.87 6.54
2016-06-30 35.97 12.84 3.18
2016-03-31 35.97 12.84 3.18
2015-12-31 36.52 0.00 11.13
2015-09-30 36.52 0.00 11.13
2015-06-30 30.96 0.00 3.37
2015-03-31 30.96 0.00 3.37
2014-12-31 33.05 0.00 5.91
2014-09-30 33.05 0.00 5.91
2014-06-30 29.67 0.00 2.75
2014-03-31 29.67 0.00 2.75
2013-12-31 31.50 0.00 6.21
2013-09-30 31.50 0.00 6.21
2013-06-30 26.28 0.00 5.88
2013-03-31 26.28 0.00 5.88
2012-12-31 26.85 0.00 7.45
2012-09-30 26.85 0.00 7.45
2012-06-30 24.12 0.00 3.31
  • Portmeirion Group's level of debt (10.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 10.2% today).
  • Debt is well covered by operating cash flow (133.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 39.6x coverage).
X
Financial health checks
We assess Portmeirion Group'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. Portmeirion Group has a total score of 5/6, 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 Portmeirion Group'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
3.83%
Current annual income from Portmeirion Group dividends. Estimated to be 3.98% next year.
If you bought £2,000 of Portmeirion Group shares you are expected to receive £77 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?
  • Portmeirion Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.98%).
  • Portmeirion Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.3%).
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:PMP 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 7.2%
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:PMP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.41 2.00
2020-12-31 0.38 2.00
2019-12-31 0.38 2.00
AIM:PMP Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.375 3.374
2018-04-10 0.347 3.150
2018-03-15 0.347 3.320
2017-04-12 0.323 3.459
2016-04-22 0.300 3.234
2015-04-17 0.265 2.751
2015-03-12 0.265 2.897
2014-04-10 0.240 2.851
2014-03-20 0.240 3.080
2013-08-01 0.223 3.151
2013-03-21 0.218 3.436
2012-04-04 0.196 3.932
2012-03-22 0.196 3.785
2011-03-23 0.174 3.759
2011-03-22 0.174 3.371
2010-04-22 0.158 3.750
2010-03-23 0.158 3.941

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

  • Whilst dividend payments have been stable, Portmeirion Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Portmeirion Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Portmeirion Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Portmeirion Group'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 Portmeirion Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Portmeirion Group has a total score of 3/6, 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 Portmeirion Group'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
Lawrence Bryan
COMPENSATION £904,000
AGE 58
TENURE AS CEO 17.8 years
CEO Bio

Mr. Lawrence F. Bryan, BA, FRSA, has been President of Portmeirion Group USA, Inc. of Portmeirion Group PLC since 1998 and has also been its Chief Executive since August 15, 2001. Mr. Bryan first joined Portmeirion Group PLC. in 1991 and served as its Vice President of Sales of Portmeirion USA until 1994. He re-joined Portmeirion Group PLC. in 1998. His career in the glass, ceramics and gift industry is extensive. He served as Vice President of Sales at Waterford Wedgwood USA and President of International China Company. He has been an Executive Director of Portmeirion Group plc since January 1, 2000. He is a Fellow of the Royal Society of Arts.

CEO Compensation
  • Lawrence's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lawrence's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Portmeirion Group management team in years:

2.3
Average Tenure
51
Average Age
  • The tenure for the Portmeirion Group management team is about average.
Management Team

Lawrence Bryan

TITLE
Chief Executive & Executive Director
COMPENSATION
£904K
AGE
58
TENURE
17.8 yrs

Mike Raybould

TITLE
Group Finance Director & Executive Director
COMPENSATION
£337K
AGE
47
TENURE
2 yrs

Mick Knapper

TITLE
Operations Director & Executive Director
COMPENSATION
£233K
TENURE
2.3 yrs

Phil Atherton

TITLE
Group Sales & Marketing Director and Executive Director
COMPENSATION
£435K
AGE
51
TENURE
6.3 yrs

Samantha Pearce

TITLE
Manager of Human Resources and Benefits

Moira MacDonald

TITLE
Company Secretary
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Portmeirion Group board of directors in years:

2.2
Average Tenure
54.5
Average Age
  • The average tenure for the Portmeirion Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dick Steele

TITLE
Non-Executive Chairman
COMPENSATION
£104K
AGE
62
TENURE
12 yrs

Lawrence Bryan

TITLE
Chief Executive & Executive Director
COMPENSATION
£904K
AGE
58
TENURE
19.3 yrs

Mike Raybould

TITLE
Group Finance Director & Executive Director
COMPENSATION
£337K
AGE
47
TENURE
2 yrs

Mick Knapper

TITLE
Operations Director & Executive Director
COMPENSATION
£233K
TENURE
2.2 yrs

Phil Atherton

TITLE
Group Sales & Marketing Director and Executive Director
COMPENSATION
£435K
AGE
51
TENURE
6.3 yrs

Janis Kong

TITLE
Non-Executive Director
COMPENSATION
£33K
AGE
67

Andrew Andrea

TITLE
Non-Executive Director
COMPENSATION
£33K
AGE
48
TENURE
1.9 yrs

Angela Luger

TITLE
Non-Executive Director
TENURE
0.2 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 (£)
X
Management checks
We assess Portmeirion Group'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. Portmeirion Group 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

What Does Portmeirion Group PLC's (LON:PMP) P/E Ratio Tell You?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Portmeirion Group: P/E of 16.64 = £12 ÷ £0.72 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … Portmeirion Group increased earnings per share by an impressive 11% over the last twelve months. … Does Portmeirion Group Have A Relatively High Or Low P/E For Its Industry?

Simply Wall St -

Here's Why We Think Portmeirion Group (LON:PMP) Is Well Worth Watching

So if you're like me, you might be more interested in profitable, growing companies, like Portmeirion Group (LON:PMP). … How Fast Is Portmeirion Group Growing Its Earnings Per Share. … Portmeirion Group maintained stable EBIT margins over the last year, all while growing revenue 5.7% to UK£90m.

Simply Wall St -

Portmeirion Group PLC (LON:PMP): Ex-Dividend Is In 1 Days

To qualify for the dividend check of UK£0.29 per share, investors must have owned the shares prior to 25 April 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … 5 checks you should do on a dividend stock?

Simply Wall St -

Portmeirion Group PLC (LON:PMP): The Yield That Matters The Most

If you are currently a shareholder in Portmeirion Group PLC (LON:PMP), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Portmeirion Group’s cash flow, which will help you understand the stock from a cash standpoint. … I will be analysing Portmeirion Group’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Why Portmeirion Group PLC's (LON:PMP) High P/E Ratio Isn't Necessarily A Bad Thing

We'll show how you can use Portmeirion Group PLC's (LON:PMP) P/E ratio to inform your assessment of the investment opportunity. … Portmeirion Group has a P/E ratio of 15.11, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Can We Learn From Portmeirion Group PLC’s (LON:PMP) Investment Returns?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Simply Wall St -

Does Portmeirion Group's Share Price Gain of 49% Match Its Business Performance?

To wit, the Portmeirion Group share price has climbed 49% in five years, easily topping the market return of 2.2% (ignoring dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Portmeirion Group achieved compound earnings per share (EPS) growth of 9.4% per year.

Simply Wall St -

An Examination Of Portmeirion Group PLC (LON:PMP)

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … that has been able to sustain great financial health over the past.

Simply Wall St -

How Does Portmeirion Group PLC (LON:PMP) Fare As A Dividend Stock?

Over the past 10 years Portmeirion Group PLC (LON:PMP) has been paying dividends to shareholders. … Let's dig deeper into whether Portmeirion Group should have a place in your portfolio. … View our latest analysis for Portmeirion Group

Simply Wall St -

Is Portmeirion Group PLC (LON:PMP) A Financially Sound Company?

While small-cap stocks, such as Portmeirion Group PLC (LON:PMP) with its market cap of UK£115m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Consumer Durables businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

Company Info

Description

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, and Pimpernel brand names. The company provides home fragrance products, such as candles, reed diffusers, and room mists; and bone China mugs, placemats, coasters, trays, and accessories. It is also involved in property business, as well as in the supply of clay and glaze products. The company sells its products directly to retailers and independent stores through a network of agents and distributors, as well as through its own retail shops and Websites. Portmeirion Group PLC was incorporated in 1912 and is headquartered in Stoke-on-Trent, the United Kingdom.

Details
Name: Portmeirion Group PLC
PMP
Exchange: AIM
Founded: 1912
£104,148,059
10,627,353
Website: http://www.portmeiriongroup.com
Address: Portmeirion Group PLC
London Road,
Stoke-on-Trent,
Staffordshire, ST4 7QQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM PMP Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
800
Portmeirion Group employees.
Industry
Housewares and Specialties
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 20:37
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.