AIM:PMP

Stock Analysis Report

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Executive Summary

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.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Portmeirion Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PMP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.3%

PMP

4.6%

GB Consumer Durables

2.8%

GB Market


1 Year Return

-58.4%

PMP

-3.4%

GB Consumer Durables

-11.0%

GB Market

Return vs Industry: PMP underperformed the UK Consumer Durables industry which returned -3.4% over the past year.

Return vs Market: PMP underperformed the UK Market which returned -11% over the past year.


Shareholder returns

PMPIndustryMarket
7 Day6.3%4.6%2.8%
30 Day-5.8%0.2%8.4%
90 Day-25.7%-26.9%-7.9%
1 Year-58.0%-58.4%1.0%-3.4%-6.7%-11.0%
3 Year-48.6%-52.3%5.6%-10.0%-3.7%-15.4%
5 Year-48.1%-54.7%31.0%1.2%15.4%-10.4%

Price Volatility Vs. Market

How volatile is Portmeirion Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Portmeirion Group undervalued compared to its fair value and its price relative to the market?

7.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PMP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PMP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PMP is good value based on its PE Ratio (7.7x) compared to the Consumer Durables industry average (8.9x).

PE vs Market: PMP is good value based on its PE Ratio (7.7x) compared to the UK market (15x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PMP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PMP is good value based on its PB Ratio (0.9x) compared to the GB Consumer Durables industry average (1.1x).


Next Steps

Future Growth

How is Portmeirion Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.3%

Forecasted Consumer Durables industry annual growth in earnings


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 Portmeirion Group 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Portmeirion Group performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PMP has high quality earnings.

Growing Profit Margin: PMP's current net profit margins (6.3%) are lower than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: PMP's earnings have grown by 0.6% per year over the past 5 years.

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

Earnings vs Industry: PMP had negative earnings growth (-24.4%) over the past year, making it difficult to compare to the Consumer Durables industry average (-6.6%).


Return on Equity

High ROE: PMP's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is Portmeirion Group's financial position?


Financial Position Analysis

Short Term Liabilities: PMP's short term assets (£47.3M) exceed its short term liabilities (£18.7M).

Long Term Liabilities: PMP's short term assets (£47.3M) exceed its long term liabilities (£15.5M).


Debt to Equity History and Analysis

Debt Level: PMP's debt to equity ratio (28%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PMP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PMP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PMP's interest payments on its debt are well covered by EBIT (13.5x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PMP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PMP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PMP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PMP's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PMP's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Mike Raybould (48yo)

0.75

Tenure

UK£301,000

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 ($USD379.26K) is about average for companies of similar size in the UK market ($USD341.00K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Raybould
Chief Executive & Executive Director0.75yrUK£301.00kno data
David Sproston
Group Finance Director & Director0.75yrUK£298.79kno data
Michael Knapper
Operations Director & Executive Director3.25yrsUK£183.00k0.024% £10.5k
Philip Atherton
Group Sales & Marketing Director and Executive Director7.33yrsUK£275.00k0.16% £69.3k
Samantha Pearce
Manager of Human Resources and Benefitsno datano data0.00094% £420.2
Moira MacDonald
Company Secretary3.25yrsno data0.025% £11.3k
Bill Robedee
President of Enlarged US Subsidiary Division0.83yrno datano data

2.0yrs

Average Tenure

48yo

Average Age

Experienced Management: PMP's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Raybould
Chief Executive & Executive Director0.75yrUK£301.00kno data
David Sproston
Group Finance Director & Director0.75yrUK£298.79kno data
Michael Knapper
Operations Director & Executive Director3.25yrsUK£183.00k0.024% £10.5k
Philip Atherton
Group Sales & Marketing Director and Executive Director7.33yrsUK£275.00k0.16% £69.3k
Richard Steele
Independent Non-Executive Chairman13.08yrsUK£107.00k0.25% £113.4k
Lawrence Bryan
Non-Executive Director20.42yrsUK£655.00k0.93% £414.0k
Andrew Andrea
Independent Non-Executive Director3yrsUK£34.00k0.0094% £4.2k
Angela Luger
Independent Non-Executive Director1.25yrsUK£26.00kno data

3.2yrs

Average Tenure

50.5yo

Average Age

Experienced Board: PMP's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Portmeirion Group PLC's company bio, 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
  • Market Cap: UK£44.699m
  • Shares outstanding: 10.64m
  • 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

Biography

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 home fragrance products, such as candles and diffusers; bone China mugs, placemats, coasters, trays, and accessories; and dinnerware, serveware, barware, home décor, and gift items. It is also involved in property business. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 20:44
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.