AIM:PTD

Stock Analysis Report

Executive Summary

Pittards plc designs, produces, procures, and sells leather products in the United Kingdom, Europe, North America, the Far East, and internationally.


Snowflake Analysis

Acceptable track record with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.1%

PTD

17.1%

GB Luxury

8.6%

GB Market


1 Year Return

-22.5%

PTD

-32.6%

GB Luxury

-19.4%

GB Market

Return vs Industry: PTD exceeded the UK Luxury industry which returned -39.6% over the past year.

Return vs Market: PTD exceeded the UK Market which returned -23.6% over the past year.


Shareholder returns

PTDIndustryMarket
7 Day-1.1%17.1%8.6%
30 Day-25.6%-7.0%-3.5%
90 Day-35.0%-35.9%-23.0%
1 Year-22.5%-22.5%-31.0%-32.6%-15.5%-19.4%
3 Year-43.6%-43.6%-27.7%-32.2%-8.8%-19.9%
5 Year-68.5%-68.5%-19.1%-27.9%4.2%-19.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: PTD is poor value based on its PE Ratio (16.1x) compared to the Luxury industry average (15.9x).

PE vs Market: PTD is poor value based on its PE Ratio (16.1x) compared to the UK market (12.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PTD is good value based on its PB Ratio (0.4x) compared to the GB Luxury industry average (1.2x).


Next Steps

Future Growth

How is Pittards forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.0%

Forecasted Consumer Durables industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PTD's forecast earnings growth is above the savings rate (0.5%).

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

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

Revenue vs Market: Insufficient data to determine if PTD's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if PTD's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Pittards performed over the past 5 years?

-23.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTD has high quality earnings.

Growing Profit Margin: PTD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PTD has become profitable over the past 5 years, growing earnings by -23.9% per year.

Accelerating Growth: PTD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PTD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (-3.4%).


Return on Equity

High ROE: PTD's Return on Equity (2.3%) is considered low.


Next Steps

Financial Health

How is Pittards's financial position?


Financial Position Analysis

Short Term Liabilities: PTD's short term assets (£21.0M) exceed its short term liabilities (£12.8M).

Long Term Liabilities: PTD's short term assets (£21.0M) exceed its long term liabilities (£1.1M).


Debt to Equity History and Analysis

Debt Level: PTD's debt to equity ratio (54.4%) is considered high.

Reducing Debt: PTD's debt to equity ratio has increased from 44% to 54.4% over the past 5 years.

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

Interest Coverage: PTD's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PTD'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?

3.3yrs

Average management tenure


CEO

Reg Hankey (63yo)

12.75s

Tenure

UK£220,000

Compensation

Mr. Reg H. Hankey, BSc, FSLTC, LCGI, FCMI, CDipAF has been the Chief Executive Officer of Pittards plc. since July 19, 2007. Mr. Hankey serves as the President of the British Leather Confederation and Non- ...


CEO Compensation Analysis

Compensation vs Market: Reg's total compensation ($USD270.30K) is about average for companies of similar size in the UK market ($USD335.16K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Reg Hankey
CEO & Director12.75yrsUK£220.00k1.78% £114.9k
Richard Briere
CFO, Company Secretary & Director1.08yrsno data0.14% £9.3k
Jon Loxston
Chief Technical Officer & Associate Directorno datano datano data
Mike Dodd
New Business Development Director & Sales Directorno datano datano data
Tsedenia Mekbib
MD of Ethiopia & Associate Director3.25yrsno datano data

3.3yrs

Average Tenure

48yo

Average Age

Experienced Management: PTD's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Reg Hankey
CEO & Director12.75yrsUK£220.00k1.78% £114.9k
Richard Briere
CFO, Company Secretary & Director1.08yrsno data0.14% £9.3k
Godfrey Davis
Senior Independent Directorno dataUK£39.00k0.74% £47.7k
Stephen Yapp
Independent Chairman of the Board3.92yrsUK£121.00k0.81% £52.3k
Louise Cretton
Independent Non-Executive Director4.67yrsUK£39.00k0.10% £6.6k

4.3yrs

Average Tenure

62yo

Average Age

Experienced Board: PTD's board of directors are considered experienced (4.3 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

Pittards plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pittards plc
  • Ticker: PTD
  • Exchange: AIM
  • Founded: 1826
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: UK£6.449m
  • Shares outstanding: 13.87m
  • Website: https://www.pittards.com

Number of Employees


Location

  • Pittards plc
  • Sherborne Road
  • Yeovil
  • Somerset
  • BA21 5BA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992

Biography

Pittards plc designs, produces, procures, and sells leather products in the United Kingdom, Europe, North America, the Far East, and internationally. The company operates in two divisions, UK and Ethiopia. It is also involved in the production and retail of leather goods and garments, bags, shoes, and gloves; and provision of consultancy and other related services to the leather industry. In addition, the company exports its products to approximately 44 countries. It serves manufacturers and distributors of shoes, gloves, luxury leather goods, interiors, and sports equipment. Pittards plc was founded in 1826 and is headquartered in Yeovil, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 01:05
End of Day Share Price2020/04/09 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.