AIM:TAST

Stock Analysis Report

Executive Summary

Tasty plc operates restaurants in the United Kingdom.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

40.0%

TAST

15.7%

GB Hospitality

10.0%

GB Market


1 Year Return

-69.3%

TAST

-26.1%

GB Hospitality

-23.0%

GB Market

Return vs Industry: TAST underperformed the UK Hospitality industry which returned -26.1% over the past year.

Return vs Market: TAST underperformed the UK Market which returned -22.7% over the past year.


Shareholder returns

TASTIndustryMarket
7 Day40.0%15.7%10.0%
30 Day-49.3%-27.0%-17.6%
90 Day-35.9%-34.6%-27.3%
1 Year-69.3%-69.3%-24.1%-26.1%-18.9%-23.0%
3 Year-97.6%-97.6%-16.2%-24.6%-12.9%-24.2%
5 Year-98.7%-98.7%-3.8%-18.9%1.6%-21.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: TAST is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: TAST is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TAST is good value based on its PB Ratio (0.2x) compared to the GB Hospitality industry average (1x).


Next Steps

Future Growth

How is Tasty forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tasty has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Tasty performed over the past 5 years?

-42.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAST is currently unprofitable.

Growing Profit Margin: TAST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TAST is unprofitable, and losses have increased over the past 5 years at a rate of -42.6% per year.

Accelerating Growth: Unable to compare TAST's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TAST is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-3.5%).


Return on Equity

High ROE: TAST has a negative Return on Equity (-2%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tasty's financial position?


Financial Position Analysis

Short Term Liabilities: TAST's short term assets (£11.2M) exceed its short term liabilities (£8.6M).

Long Term Liabilities: TAST's short term assets (£11.2M) exceed its long term liabilities (£5.0M).


Debt to Equity History and Analysis

Debt Level: TAST's debt to equity ratio (12.4%) is considered satisfactory.

Reducing Debt: TAST's debt to equity ratio has increased from 4.1% to 12.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: TAST's debt is covered by short term assets (assets are 6.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TAST has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TAST is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.6% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TAST'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 TAST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TAST'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 TAST'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?

7.8yrs

Average management tenure


CEO

Jonny Plant (50yo)

7.75s

Tenure

UK£30,000

Compensation

Mr. Daniel Jonathan Plant, also known as Jonny, has been a Joint Chief Executive Officer of Tasty Plc since June 6, 2012. Mr. Plant served as the Chief Executive Officer of Tasty Plc until June 6, 2012. He ...


CEO Compensation Analysis

Compensation vs Market: Jonny's total compensation ($USD37.22K) is below average for companies of similar size in the UK market ($USD332.86K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Keith Lassman
Non-Executive Chairman & Secretaryno dataUK£8.00k0.57% £14.1k
Daniel Plant
Joint CEO & Executive Director7.75yrsUK£30.00k5.03% £124.1k
Samuel Kaye
Joint CEO & Executive Directorno datano data14.71% £363.1k
Mayuri Vachhani
Finance Director & Director0.50yrUK£33.00kno data

7.8yrs

Average Tenure

49yo

Average Age

Experienced Management: TAST's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Keith Lassman
Non-Executive Chairman & Secretaryno dataUK£8.00k0.57% £14.1k
Daniel Plant
Joint CEO & Executive Director7.75yrsUK£30.00k5.03% £124.1k
Samuel Kaye
Joint CEO & Executive Directorno datano data14.71% £363.1k
Mayuri Vachhani
Finance Director & Director0.50yrUK£33.00kno data
Adam Kaye
Non-Executive Director13.83yrsno data8.67% £214.1k

13.8yrs

Average Tenure

49yo

Average Age

Experienced Board: TAST's board of directors are seasoned and experienced ( 13.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 89.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Tasty plc
  • Ticker: TAST
  • Exchange: AIM
  • Founded: 2006
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: UK£2.469m
  • Shares outstanding: 141.09m
  • Website: https://dimt.co.uk

Number of Employees


Location

  • Tasty plc
  • 32 Charlotte Street
  • London
  • Greater London
  • W1T 2NQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TASTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2006

Biography

Tasty plc operates restaurants in the United Kingdom. As of March 17, 2020, the company operated 56 restaurants under the Wildwood and dim t brand names. Tasty plc was incorporated in 2006 and is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 21:16
End of Day Share Price2020/03/30 00:00
Earnings2019/12/29
Annual Earnings2019/12/29


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.