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Photo-Me International

LSE:PHTM
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PHTM
LSE
£334M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Photo-Me International plc operates, sells, and services a range of instant-service equipment in Continental Europe, the United Kingdom, Ireland, Asia, and internationally. The last earnings update was 134 days ago. More info.


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PHTM Share Price and Events
7 Day Returns
0.9%
LSE:PHTM
4.1%
GB Leisure
0.5%
GB Market
1 Year Returns
-45.2%
LSE:PHTM
12.9%
GB Leisure
0.8%
GB Market
PHTM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Photo-Me International (PHTM) 0.9% 9.1% -4% -45.2% -45.5% -35%
GB Leisure 4.1% 26.3% 18.4% 12.9% 90.8% 111.7%
GB Market 0.5% 3.6% 7.6% 0.8% 15.9% 6.2%
1 Year Return vs Industry and Market
  • PHTM underperformed the Leisure industry which returned 12.9% over the past year.
  • PHTM underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
Price Volatility
PHTM
Industry
5yr Volatility vs Market

PHTM Value

 Is Photo-Me International 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 Photo-Me International 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 Photo-Me International.

LSE:PHTM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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 LSE:PHTM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 19%) (17.13%))
1.026
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.026 * 6.65%)
8.05%

Discounted Cash Flow Calculation for LSE:PHTM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Photo-Me International 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.

LSE:PHTM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.05%)
2019 32.03 Analyst x3 29.65
2020 36.37 Analyst x3 31.15
2021 37.75 Analyst x2 29.93
2022 38.88 Est @ 2.98% 28.52
2023 39.83 Est @ 2.46% 27.05
2024 40.66 Est @ 2.09% 25.56
2025 41.41 Est @ 1.83% 24.09
2026 42.09 Est @ 1.65% 22.66
2027 42.73 Est @ 1.52% 21.29
2028 43.34 Est @ 1.43% 19.99
Present value of next 10 years cash flows £259.88
LSE:PHTM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £43.34 × (1 + 1.23%) ÷ (8.05% – 1.23%)
£643.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £643.27 ÷ (1 + 8.05%)10
£296.66
LSE:PHTM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £259.88 + £296.66
£556.54
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £556.54 / 377.75
£1.47
LSE:PHTM Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.47
Current discount Discount to share price of £0.88
= -1 x (£0.88 - £1.47) / £1.47
40.1%

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

Current Discount
Amount off the current price Photo-Me International is available for.
Intrinsic value
40%
Share price is £0.88 vs Future cash flow value of £1.47
Current Discount Checks
For Photo-Me International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Photo-Me International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Photo-Me International's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Photo-Me International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Photo-Me International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:PHTM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in GBP £0.10
LSE:PHTM Share Price ** LSE (2019-04-23) in GBP £0.88
Europe Leisure Industry PE Ratio Median Figure of 24 Publicly-Listed Leisure Companies 18.33x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Photo-Me International.

LSE:PHTM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:PHTM Share Price ÷ EPS (both in GBP)

= 0.88 ÷ 0.10

9.25x

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

  • Photo-Me International is good value based on earnings compared to the Europe Leisure industry average.
  • Photo-Me International is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Photo-Me International's expected growth come at a high price?
Raw Data
LSE:PHTM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
Not available
Europe Leisure Industry PEG Ratio Median Figure of 11 Publicly-Listed Leisure Companies 1.4x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Photo-Me International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Photo-Me International's assets?
Raw Data
LSE:PHTM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in GBP £0.35
LSE:PHTM Share Price * LSE (2019-04-23) in GBP £0.88
United Kingdom of Great Britain and Northern Ireland Leisure Industry PB Ratio Median Figure of 5 Publicly-Listed Leisure Companies 2.51x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:PHTM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:PHTM Share Price ÷ Book Value per Share (both in GBP)

= 0.88 ÷ 0.35

2.5x

* Primary Listing of Photo-Me International.

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

  • Photo-Me International is good value based on assets compared to the GB Leisure industry average.
X
Value checks
We assess Photo-Me International'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 Leisure 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 Leisure industry average (and greater than 0)? (1 check)
  5. Photo-Me International has a total score of 5/6, 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.

PHTM Future Performance

 How is Photo-Me International expected to perform in the next 1 to 3 years based on estimates from 4 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
7.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Photo-Me International expected to grow at an attractive rate?
  • Photo-Me International's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Photo-Me International's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Photo-Me International's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:PHTM Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:PHTM Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.2%
LSE:PHTM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -0.3%
Europe Leisure Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:PHTM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:PHTM Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-04-30 226 74 3
2020-04-30 244 72 4
2019-04-30 232 67 35 4
LSE:PHTM Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-10-31 227 49 36
2018-07-31 229 50 38
2018-04-30 230 52 40
2018-01-31 228 50 39
2017-10-31 226 49 37
2017-07-31 220 49 36
2017-04-30 215 49 35
2017-01-31 208 51 34
2016-10-31 202 53 32
2016-07-31 193 46 31
2016-04-30 184 40 29
2016-01-31 179 40 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Photo-Me International's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
  • Photo-Me International's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
LSE:PHTM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Photo-Me International Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:PHTM Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-04-30
2020-04-30 0.10 0.10 0.10 1.00
2019-04-30 0.09 0.09 0.08 2.00
LSE:PHTM Past Financials Data
Date (Data in GBP Millions) EPS *
2018-10-31 0.10
2018-07-31 0.10
2018-04-30 0.11
2018-01-31 0.10
2017-10-31 0.10
2017-07-31 0.10
2017-04-30 0.09
2017-01-31 0.09
2016-10-31 0.09
2016-07-31 0.08
2016-04-30 0.08
2016-01-31 0.07

*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.
  • Unable to establish if Photo-Me International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Photo-Me International'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Photo-Me International 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.

PHTM Past Performance

  How has Photo-Me International 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 Photo-Me International's growth in the last year to its industry (Leisure).
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.
  • Photo-Me International's year on year earnings growth rate has been positive over the past 5 years.
  • Photo-Me International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Photo-Me International's 1-year earnings growth is negative, it can't be compared to the Europe Leisure industry average.
Earnings and Revenue History
Photo-Me International'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 Photo-Me International Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:PHTM Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 227.35 36.06 22.01
2018-07-31 228.58 38.10 19.76
2018-04-30 229.81 40.13 17.52
2018-01-31 228.04 38.66 14.68
2017-10-31 226.27 37.19 11.84
2017-07-31 220.46 36.09 12.83
2017-04-30 214.65 34.99 13.82
2017-01-31 208.25 33.65 14.64
2016-10-31 201.84 32.32 15.45
2016-07-31 192.92 30.69 14.69
2016-04-30 183.99 29.07 13.93
2016-01-31 178.80 27.61 13.87
2015-10-31 173.60 26.16 13.82
2015-07-31 175.40 27.03 12.07
2015-04-30 177.20 27.90 10.32
2015-01-31 179.41 26.92 11.90
2014-10-31 181.62 25.93 13.47
2014-07-31 184.11 23.68 15.90
2014-04-30 186.60 21.42 18.32
2014-01-31 188.07 20.28 18.20
2013-10-31 189.53 19.13 18.08
2013-07-31 192.56 18.27 18.61
2013-04-30 195.59 17.41 19.14
2013-01-31 197.61 17.14 18.85
2012-10-31 199.62 16.88 18.55
2012-07-31 203.73 15.62 19.12
2012-04-30 207.84 14.35 19.69

*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.
  • Photo-Me International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Photo-Me International used its assets more efficiently than the Europe Leisure industry average last year based on Return on Assets.
  • Photo-Me International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Photo-Me International'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 Leisure 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.
Photo-Me International 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.

PHTM Health

 How is Photo-Me International'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 Photo-Me International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Photo-Me International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Photo-Me International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Photo-Me International'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 2.2x 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 Photo-Me International Company Filings, last reported 5 months ago.

LSE:PHTM Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 134.85 57.14 88.57
2018-07-31 134.85 57.14 88.57
2018-04-30 144.81 33.68 58.66
2018-01-31 144.81 33.68 58.66
2017-10-31 128.26 17.87 63.12
2017-07-31 128.26 17.87 63.12
2017-04-30 129.30 10.68 47.51
2017-01-31 129.30 10.68 47.51
2016-10-31 136.21 11.58 77.18
2016-07-31 136.21 11.58 77.18
2016-04-30 122.75 10.84 71.01
2016-01-31 122.75 10.84 71.01
2015-10-31 103.16 5.26 66.45
2015-07-31 103.16 5.26 66.45
2015-04-30 104.41 0.18 58.63
2015-01-31 104.41 0.18 58.63
2014-10-31 100.57 0.18 62.63
2014-07-31 100.57 0.18 62.63
2014-04-30 104.23 0.30 61.08
2014-01-31 104.23 0.30 61.08
2013-10-31 102.35 0.43 65.87
2013-07-31 102.35 0.43 65.87
2013-04-30 98.36 0.78 59.74
2013-01-31 98.36 0.78 59.74
2012-10-31 101.95 3.02 70.72
2012-07-31 101.95 3.02 70.72
2012-04-30 96.84 5.16 54.61
  • Photo-Me International's level of debt (42.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.4% vs 42.4% today).
  • Debt is well covered by operating cash flow (85.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 510.5x coverage).
X
Financial health checks
We assess Photo-Me International'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. Photo-Me International has a total score of 4/6, 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.

PHTM Dividends

 What is Photo-Me International'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
9.56%
Current annual income from Photo-Me International dividends. Estimated to be 9.48% next year.
If you bought £2,000 of Photo-Me International shares you are expected to receive £191 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?
  • Photo-Me International's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Photo-Me International's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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
LSE:PHTM 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 4 Analyst Estimates (S&P Global) See Below
Europe Leisure Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
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 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:PHTM Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-04-30 0.08 3.00
2020-04-30 0.09 4.00
2019-04-30 0.08 4.00
LSE:PHTM Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-10-25 0.084 9.031
2017-07-11 0.070 4.743
2017-06-27 0.070 4.342
2016-07-20 0.066 4.105
2016-06-21 0.066 4.731
2015-12-10 0.052 3.225
2015-07-23 0.051 3.309
2015-06-25 0.051 3.649
2014-12-04 0.047 3.290
2014-10-23 0.059 4.454
2014-02-14 0.056 4.089
2013-02-04 0.030 3.050
2012-12-07 0.030 4.753
2012-07-27 0.025 5.282
2012-06-28 0.025 6.564
2011-12-08 0.025 5.496
2011-07-28 0.020 3.727
2011-06-29 0.020 3.135
2010-12-09 0.020 3.769
2010-11-15 0.020 3.067
2010-07-07 0.020 3.725
2010-07-06 0.020 5.703
2009-12-09 0.005 1.424
2009-04-24 0.000 0.000

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

  • Whilst dividend payments have been stable, Photo-Me International has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Photo-Me International only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Photo-Me International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Photo-Me International'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 Photo-Me International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Photo-Me International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PHTM Management

 What is the CEO of Photo-Me International'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
Serge Crasnianski
COMPENSATION £681,954
AGE 75
TENURE AS CEO 9.8 years
CEO Bio

Mr. Serge Crasnianski has been the Chief Executive Officer of Photo-Me International Plc since July 3, 2009. Mr. Crasnianski served as Joint Chief Executive Officer of Photo-Me International PLC. Mr. Crasnianski served as Chief Executive Officer of Photo-Me International PLC since 1998 until November 2007. Mr. Crasnianski founded KIS in 1963. He has been Deputy Chairman of Photo-Me International PLC since July 1, 2009. He has been Executive Director at Photo-Me International PLC since May 6, 2009. He served as Executive Director of Photo-Me International plc since 1990 until December 2007.

CEO Compensation
  • Serge's compensation has been consistent with company performance over the past year.
  • Serge's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Photo-Me International management team in years:

6.8
Average Tenure
  • The average tenure for the Photo-Me International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Serge Crasnianski

TITLE
CEO & Deputy Chairman
COMPENSATION
£682K
AGE
75
TENURE
9.8 yrs

Stephane Gibon

TITLE
Group Chief Financial Officer
TENURE
1 yrs

Eric Mergui

TITLE
COO & Executive Director
TENURE
3.9 yrs

Del Mansi

TITLE
General Counsel & Company Secretary
TENURE
10.3 yrs

Richard Cheeseman

TITLE
Assistant Company Secretary
Board of Directors Tenure

Average tenure and age of the Photo-Me International board of directors in years:

7.1
Average Tenure
72
Average Age
  • The tenure for the Photo-Me International board of directors is about average.
Board of Directors

John Henry Lewis

TITLE
Non-Executive Chairman
COMPENSATION
£132K
AGE
77
TENURE
8.9 yrs

Serge Crasnianski

TITLE
CEO & Deputy Chairman
COMPENSATION
£682K
AGE
75
TENURE
9.8 yrs

Eric Mergui

TITLE
COO & Executive Director
TENURE
0.9 yrs

Manoli Olympitis

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£55K
AGE
69
TENURE
7.1 yrs

Jean-Marcel Denis

TITLE
Non-Executive Director
COMPENSATION
£50K
TENURE
7.1 yrs

Françoise Coutaz-Replan

TITLE
Non-Executive Director
COMPENSATION
£124K
TENURE
9.6 yrs

Yitzhak Apeloig

TITLE
Non-Executive Director
COMPENSATION
£44K
AGE
59
TENURE
7.1 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 (£)
13. Sep 18 Sell Françoise Coutaz-Replan Individual 12. Sep 18 12. Sep 18 -250,000 £1.18 £-295,545
X
Management checks
We assess Photo-Me International'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. Photo-Me International 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.

PHTM News

Simply Wall St News

Does Photo-Me International plc's (LON:PHTM) Past Performance Indicate A Weaker Future?

Investors with a long-term horizong may find it valuable to assess Photo-Me International plc's (LON:PHTM) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … PHTM's trailing twelve-month earnings (from 31 October 2018) of UK£36m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 13%, indicating the rate at which PHTM is growing has slowed down

Simply Wall St -

Photo-Me International plc (LON:PHTM) Earns A Nice Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Boasting A 28% Return On Equity, Is Photo-Me International plc (LON:PHTM) A Top Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Photo-Me International has a ROE of 28%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Photo-Me International plc (LON:PHTM): Has Recent Earnings Growth Beaten Long-Term Trend?

Today I will assess PHTM's recent performance announced on 30 April 2018 and weigh these figures against its long-term trend and industry movements. … How Did PHTM's Recent Performance Stack Up Against Its Past. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 15%, indicating the rate at which PHTM is growing has slowed down

Simply Wall St -

Photo-Me International plc (LON:PHTM) And The Consumer Sector Outlook 2018

is a consumer discretionary company operating in an industry,. … whose performance is predominantly driven by consumer confidence, which is linked to employment and wage rates. … Consumer discretionary analysts are forecasting for the entire industry,

Simply Wall St -

What Do You Get For Owning Photo-Me International plc (LON:PHTM)?

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Photo-Me International’s capital returns we will look at a useful metric called return on capital employed. … What is Return on Capital Employed (ROCE)?

Simply Wall St -

What Are Analysts Expecting From Photo-Me International plc (LON:PHTM) In The Next Couple Of Years?

Photo-Me International plc's (LON:PHTM) latest earnings update in April 2018a … indicated

Simply Wall St -

Should Investors Be Happy About Photo-Me International plc’s (LON:PHTM) Cash Levels?

I’ve analysed below, the health and outlook of Photo-Me International’s cash flow, which will help you understand the stock from a cash standpoint. … What is Photo-Me International's cash yield. … I will be analysing Photo-Me International’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Is Photo-Me International plc's (LON:PHTM) CEO Pay Fair?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

An Intrinsic Calculation For Photo-Me International plc (LON:PHTM) Shows It's 22.87% Undervalued

I am going to run you through how I calculated the intrinsic value of Photo-Me International plc (LON:PHTM). … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

PHTM Company Info

Description

Photo-Me International plc operates, sells, and services a range of instant-service equipment in Continental Europe, the United Kingdom, Ireland, Asia, and internationally. It operates coin-operated automatic photobooths for identification and fun purposes, as well as vending equipment, including digital photo kiosks, amusement machines, business service equipment, laundry machines, and children’s rides. The company owns 46,700 vending units. Photo-Me International plc was founded in 1962 and is based in Bookham, the United Kingdom.

Details
Name: Photo-Me International plc
PHTM
Exchange: LSE
Founded: 1962
£333,552,929
377,749,637
Website: http://www.photo-me.co.uk
Address: Photo-Me International plc
Unit 3B,
Blenhiem Road,
Bookham,
Surrey, KT19 9AP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PHTM Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
DB PHQ Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE PHTMl Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,130
Photo-Me International employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:37
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/03
Last earnings filing: 2018/12/10
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/04/30


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.