Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£16.53|
|52 Week High||UK£8.20|
|52 Week Low||UK£18.30|
|1 Month Change||-3.36%|
|3 Month Change||29.10%|
|1 Year Change||97.90%|
|3 Year Change||277.71%|
|5 Year Change||949.21%|
|Change since IPO||1,110.62%|
Recent News & Updates
|TUNE||GB Consumer Durables||GB Market|
Return vs Industry: TUNE exceeded the UK Consumer Durables industry which returned 42% over the past year.
Return vs Market: TUNE exceeded the UK Market which returned 23.4% over the past year.
Stable Share Price: TUNE is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TUNE's weekly volatility (4%) has been stable over the past year.
About the Company
Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Focusrite Pro, Novation, ADAM Audio, Martin Audio, and Distribution segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesisers, grooveboxes, controllers, and software and apps under the Novation and Ampify brands.
Focusrite Fundamentals Summary
|TUNE fundamental statistics|
Is TUNE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TUNE income statement (TTM)|
|Cost of Revenue||UK£92.92m|
Last Reported Earnings
Feb 28, 2021
Next Earnings Date
|Earnings per share (EPS)||0.37|
|Net Profit Margin||12.14%|
How did TUNE perform over the long term?See historical performance and comparison
0.3%Current Dividend Yield
Is Focusrite undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TUNE (£16.6) is trading above our estimate of fair value (£4.39)
Significantly Below Fair Value: TUNE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TUNE is poor value based on its PE Ratio (45.3x) compared to the UK Consumer Durables industry average (14.2x).
PE vs Market: TUNE is poor value based on its PE Ratio (45.3x) compared to the UK market (23.4x).
Price to Earnings Growth Ratio
PEG Ratio: TUNE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TUNE is overvalued based on its PB Ratio (12.8x) compared to the GB Consumer Durables industry average (1.6x).
How is Focusrite forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TUNE's earnings are forecast to decline over the next 3 years (-6.1% per year).
Earnings vs Market: TUNE's earnings are forecast to decline over the next 3 years (-6.1% per year).
High Growth Earnings: TUNE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TUNE's revenue is expected to decline over the next 3 years (-1.1% per year).
High Growth Revenue: TUNE's revenue is forecast to decline over the next 3 years (-1.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TUNE's Return on Equity is forecast to be high in 3 years time (28.1%)
How has Focusrite performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TUNE has a large one-off loss of £10.1M impacting its February 28 2021 financial results.
Growing Profit Margin: TUNE's current net profit margins (12.1%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: TUNE's earnings have grown by 12.8% per year over the past 5 years.
Accelerating Growth: TUNE's earnings growth over the past year (189.7%) exceeds its 5-year average (12.8% per year).
Earnings vs Industry: TUNE earnings growth over the past year (189.7%) exceeded the Consumer Durables industry 17.3%.
Return on Equity
High ROE: TUNE's Return on Equity (28.3%) is considered high.
How is Focusrite's financial position?
Financial Position Analysis
Short Term Liabilities: TUNE's short term assets (£52.9M) exceed its short term liabilities (£20.5M).
Long Term Liabilities: TUNE's short term assets (£52.9M) exceed its long term liabilities (£8.2M).
Debt to Equity History and Analysis
Debt Level: TUNE is debt free.
Reducing Debt: TUNE had no debt 5 years ago.
Debt Coverage: TUNE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TUNE has no debt, therefore coverage of interest payments is not a concern.
What is Focusrite current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TUNE's dividend (0.27%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.34%).
High Dividend: TUNE's dividend (0.27%) is low compared to the top 25% of dividend payers in the UK market (3.93%).
Stability and Growth of Payments
Stable Dividend: TUNE is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: TUNE is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TUNE is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TUNE's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Carroll (58 yo)
Mr. Timothy Paul Carroll, also known as Tim, has been Group Chief Executive Officer and Executive Director at Focusrite Plc since January 3, 2017 and January 1, 2017 respectively. Mr. Carroll has enjoyed a...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD911.78K) is below average for companies of similar size in the UK market ($USD1.36M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
Experienced Management: TUNE's management team is considered experienced (4.8 years average tenure).
Experienced Board: TUNE's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TUNE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Focusrite plc's employee growth, exchange listings and data sources
- Name: Focusrite plc
- Ticker: TUNE
- Exchange: AIM
- Founded: 1985
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: UK£965.003m
- Shares outstanding: 58.13m
- Website: https://www.focusriteplc.com
Number of Employees
- Focusrite plc
- Windsor House
- Turnpike Road
- High Wycombe
- HP12 3FX
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 17:55|
|End of Day Share Price||2021/09/27 00:00|
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.