TUNE Stock Overview
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£7.05|
|52 Week High||UK£16.70|
|52 Week Low||UK£6.80|
|1 Month Change||-13.50%|
|3 Month Change||-30.88%|
|1 Year Change||-57.27%|
|3 Year Change||27.95%|
|5 Year Change||144.37%|
|Change since IPO||416.48%|
Recent News & Updates
Is Focusrite plc (LON:TUNE) Trading At A 38% Discount?
In this article we are going to estimate the intrinsic value of Focusrite plc ( LON:TUNE ) by taking the forecast...
Should You Be Adding Focusrite (LON:TUNE) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
At UK£10.65, Is It Time To Put Focusrite plc (LON:TUNE) On Your Watch List?
Focusrite plc ( LON:TUNE ), might not be a large cap stock, but it received a lot of attention from a substantial price...
|TUNE||GB Consumer Durables||GB Market|
Return vs Industry: TUNE underperformed the UK Consumer Durables industry which returned -45.1% over the past year.
Return vs Market: TUNE underperformed the UK Market which returned -15.1% over the past year.
|TUNE Average Weekly Movement||5.3%|
|Consumer Durables Industry Average Movement||6.2%|
|Market Average Movement||5.5%|
|10% most volatile stocks in GB Market||10.9%|
|10% least volatile stocks in GB Market||2.9%|
Stable Share Price: TUNE is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TUNE's weekly volatility (5%) 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 Sequential 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£91.34m|
Last Reported Earnings
Feb 28, 2022
Next Earnings Date
|Earnings per share (EPS)||0.38|
|Net Profit Margin||13.10%|
How did TUNE perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
Is TUNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TUNE?
Other financial metrics that can be useful for relative valuation.
|What is TUNE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TUNE's PE Ratio compare to its peers?
|TUNE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
GLE MJ Gleeson
CRN Cairn Homes
DFS DFS Furniture
Price-To-Earnings vs Peers: TUNE is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (10.4x).
Price to Earnings Ratio vs Industry
How does TUNE's PE Ratio compare vs other companies in the GB Consumer Durables Industry?
Price-To-Earnings vs Industry: TUNE is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the European Consumer Durables industry average (8.2x)
Price to Earnings Ratio vs Fair Ratio
What is TUNE'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.
|Current PE Ratio||18.3x|
|Fair PE Ratio||10.5x|
Price-To-Earnings vs Fair Ratio: TUNE is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).
Share Price vs Fair Value
What is the Fair Price of TUNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TUNE (£7.05) is trading below our estimate of fair value (£11.48)
Significantly Below Fair Value: TUNE 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 analysts are not within a statistically confident range of agreement.
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How is Focusrite forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-2.7% per year).
Earnings vs Market: TUNE's earnings are forecast to decline over the next 3 years (-2.7% per year).
High Growth Earnings: TUNE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TUNE's revenue (3.7% per year) is forecast to grow slower than the UK market (4.5% per year).
High Growth Revenue: TUNE's revenue (3.7% per year) is forecast to grow slower than 20% 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 (24%)
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How has Focusrite performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TUNE has high quality earnings.
Growing Profit Margin: TUNE's current net profit margins (13.1%) are higher than last year (12.1%).
Past Earnings Growth Analysis
Earnings Trend: TUNE's earnings have grown significantly by 23.8% per year over the past 5 years.
Accelerating Growth: TUNE's earnings growth over the past year (5.4%) is below its 5-year average (23.8% per year).
Earnings vs Industry: TUNE earnings growth over the past year (5.4%) underperformed the Consumer Durables industry 18.4%.
Return on Equity
High ROE: TUNE's Return on Equity (23.9%) is considered high.
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How is Focusrite's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TUNE's short term assets (£67.2M) exceed its short term liabilities (£29.9M).
Long Term Liabilities: TUNE's short term assets (£67.2M) exceed its long term liabilities (£9.4M).
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.
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What is Focusrite current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Focusrite Dividend Yield vs Market|
|Market Bottom 25% (GB)||2.1%|
|Market Top 25% (GB)||6.1%|
|Industry Average (Consumer Durables)||9.2%|
|Analyst forecast in 3 Years (Focusrite)||0.8%|
Notable Dividend: TUNE's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.12%).
High Dividend: TUNE's dividend (0.79%) is low compared to the top 25% of dividend payers in the UK market (6.11%).
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.
Earnings Payout to Shareholders
Earnings Coverage: TUNE is not paying a notable dividend for the UK market.
Cash Payout to Shareholders
Cash Flow Coverage: TUNE is not paying a notable dividend for the UK market.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Carroll (59 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
|Tim Carroll's Compensation vs Focusrite Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Feb 28 2022||n/a||n/a|
|Nov 30 2021||n/a||n/a|
|Aug 31 2021||UK£695k||UK£291k|
|May 31 2021||n/a||n/a|
|Feb 28 2021||n/a||n/a|
|Nov 30 2020||n/a||n/a|
|Aug 31 2020||UK£667k||UK£285k|
|May 31 2020||n/a||n/a|
|Feb 29 2020||n/a||n/a|
|Nov 30 2019||n/a||n/a|
|Aug 31 2019||UK£465k||UK£224k|
|May 31 2019||n/a||n/a|
|Feb 28 2019||n/a||n/a|
|Nov 30 2018||n/a||n/a|
|Aug 31 2018||UK£503k||UK£219k|
|May 31 2018||n/a||n/a|
|Feb 28 2018||n/a||n/a|
|Nov 30 2017||n/a||n/a|
|Aug 31 2017||UK£366k||UK£143k|
Compensation vs Market: Tim's total compensation ($USD774.43K) is about average for companies of similar size in the UK market ($USD1.09M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Experienced Management: TUNE's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: TUNE's board of directors are considered experienced (5.1 years average tenure).
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
|28 Apr 22||BuyUK£39,350||Michael Butterworth||Individual||3,873||UK£10.16|
|07 Dec 21||SellUK£285,632||Damian Hawley||Individual||17,852||UK£16.00|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||36,000||0.06%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: UK£411.569m
- Shares outstanding: 58.38m
- Website: https://www.focusriteplc.com
Number of Employees
- Focusrite plc
- Windsor House
- Turnpike Road
- High Wycombe
- HP12 3FX
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TUNE||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Dec 2014|
|FOCI.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 2014|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 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.