LSE:PHTM

Stock Analysis Report

Executive Summary

Photo-Me International plc operates, sells, and services a range of instant-service equipment in Continental Europe, the United Kingdom, Ireland, Asia, and internationally.

Snowflake

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Photo-Me International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PHTM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.1%

PHTM

3.0%

GB Leisure

-0.2%

GB Market


1 Year Return

-17.7%

PHTM

57.0%

GB Leisure

4.7%

GB Market

Return vs Industry: PHTM underperformed the UK Leisure industry which returned 57% over the past year.

Return vs Market: PHTM underperformed the UK Market which returned 4.7% over the past year.


Shareholder returns

PHTMIndustryMarket
7 Day-0.1%3.0%-0.2%
30 Day-1.2%22.7%0.8%
90 Day-9.7%21.9%3.7%
1 Year-9.2%-17.7%66.0%57.0%10.1%4.7%
3 Year-21.4%-36.0%225.0%171.2%20.9%5.6%
5 Year-14.6%-36.2%248.5%170.2%32.3%2.2%

Price Volatility Vs. Market

How volatile is Photo-Me International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Photo-Me International undervalued compared to its fair value and its price relative to the market?

31.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PHTM (£0.91) is trading below our estimate of fair value (£1.33)

Significantly Below Fair Value: PHTM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PHTM is good value based on its PE Ratio (11x) compared to the Leisure industry average (18.6x).

PE vs Market: PHTM is good value based on its PE Ratio (11x) compared to the UK market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: PHTM is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: PHTM is overvalued based on its PB Ratio (2.4x) compared to the GB Leisure industry average (2.1x).


Next Steps

Future Growth

How is Photo-Me International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHTM's forecast earnings growth (6% per year) is above the savings rate (1.2%).

Earnings vs Market: PHTM's earnings (6% per year) are forecast to grow slower than the UK market (12.5% per year).

High Growth Earnings: PHTM's earnings are forecast to grow, but not significantly.

Revenue vs Market: PHTM's revenue (3.6% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: PHTM's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PHTM's Return on Equity is forecast to be high in 3 years time (24.8%)


Next Steps

Past Performance

How has Photo-Me International performed over the past 5 years?

9.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHTM has high quality earnings.

Growing Profit Margin: PHTM's current net profit margins (13.7%) are lower than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: PHTM's earnings have grown by 9.3% per year over the past 5 years.

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

Earnings vs Industry: PHTM had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Leisure industry average (2.5%).


Return on Equity

High ROE: PHTM's Return on Equity (21.7%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Photo-Me International's financial position?


Financial Position Analysis

Short Term Liabilities: PHTM's short term assets (£128.7M) exceeds its short term liabilities (£63.7M)

Long Term Liabilities: PHTM's short term assets (£128.7M) exceeds its long term liabilities (64.5M)


Debt to Equity History and Analysis

Debt Level: PHTM's debt to equity ratio (46.9%) is considered high.

Reducing Debt: PHTM's debt to equity ratio has increased from 0.2% to 46.9% over the past 5 years.

Debt Coverage: PHTM's debt is well covered by operating cash flow (84.9%).

Interest Coverage: PHTM's interest payments on its debt are well covered by EBIT (84.2x coverage).


Balance Sheet

Inventory Level: PHTM has a high level of physical assets or inventory.

Debt Coverage by Assets: PHTM's debt is covered by short term assets (assets are 1.9x debt).


Next Steps

Dividend

What is Photo-Me International's current dividend yield, its reliability and sustainability?

9.25%

Current Dividend Yield


Dividend Yield vs Market

company9.3%marketbottom25%2.0%markettop25%5.3%industryaverage2.9%forecastin3Years9.1%

Current dividend yield vs market & industry

Notable Dividend: PHTM's dividend (9.25%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).

High Dividend: PHTM's dividend (9.25%) is in the top 25% of dividend payers in the UK market (5.33%)


Stability and Growth of Payments

Stable Dividend: PHTM's dividends per share have been stable in the past 10 years.

Growing Dividend: PHTM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.1%), PHTM's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PHTM's dividends in 3 years are not forecast to be well covered by earnings (90.8% payout ratio).


Next Steps

Management

What is the CEO of Photo-Me International's salary, the management and board of directors tenure and is there insider trading?

7.4yrs

Average management tenure


CEO

Serge Crasnianski (76yo)

10.3yrs

Tenure

UK£650,380

Compensation

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. Crasn ...


CEO Compensation Analysis

Compensation vs Market: Serge's total compensation ($USD834.12K) is about average for companies of similar size in the UK market ($USD894.69K).

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


Management Age and Tenure

7.4yrs

Average Tenure

Experienced Management: PHTM's management team is seasoned and experienced (7.4 years average tenure).


Board Age and Tenure

7.7yrs

Average Tenure

70yo

Average Age

Experienced Board: PHTM's board of directors are considered experienced (7.7 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUK£25,25002 Sep 19
The Crescent Trust., Endowment Arm
EntityCompany
Shares25,000
Max PriceUK£1.01
BuyUK£180,54019 Jul 19
Serge Crasnianski
EntityIndividual
Role
Chief Executive Officer
CEO & Deputy Chairman
Shares200,000
Max PriceUK£0.90

Ownership Breakdown

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


Management Team

  • Serge Crasnianski (76yo)

    CEO & Deputy Chairman

    • Tenure: 10.3yrs
    • Compensation: UK£650.38k
  • Eric Mergui

    COO & Executive Director

    • Tenure: 1.5yrs
    • Compensation: UK£783.55k
  • Del Mansi

    General Counsel & Company Secretary

    • Tenure: 10.8yrs
  • Richard Cheeseman

    Assistant Company Secretary

    • Tenure: 0yrs
  • Stephane Gibon

    Group Chief Financial Officer

    • Tenure: 1.6yrs

Board Members

  • Jean-Marcel Denis

    Non-Executive Director

    • Tenure: 7.7yrs
    • Compensation: UK£49.50k
  • John Henry Lewis (78yo)

    Non-Executive Chairman

    • Tenure: 9.5yrs
    • Compensation: UK£132.00k
  • Serge Crasnianski (76yo)

    CEO & Deputy Chairman

    • Tenure: 10.3yrs
    • Compensation: UK£650.38k
  • Manoli Olympitis (70yo)

    Senior Independent Non-Executive Director

    • Tenure: 7.7yrs
    • Compensation: UK£55.00k
  • Yitzhak Apeloig (60yo)

    Non-Executive Director

    • Tenure: 7.7yrs
    • Compensation: UK£44.00k
  • Eric Mergui

    COO & Executive Director

    • Tenure: 1.5yrs
    • Compensation: UK£783.55k
  • Françoise Coutaz-Replan

    Non-Executive Director

    • Tenure: 10.2yrs
    • Compensation: UK£44.00k
  • Jean-Marc Janailhac (65yo)

    Independent Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Photo-Me International plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Photo-Me International plc
  • Ticker: PHTM
  • Exchange: LSE
  • Founded: 1962
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: UK£344.747m
  • Shares outstanding: 378.01m
  • Website: https://www.photo-me.co.uk

Number of Employees


Location

  • Photo-Me International plc
  • Unit 3B
  • Blenhiem Road
  • Bookham
  • Surrey
  • KT19 9AP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHTMLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
PHQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
PHTMlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Biography

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 automa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 20:37
End of Day Share Price2019/11/22 00:00
Earnings2019/04/30
Annual Earnings2019/04/30


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.