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Ten Entertainment Group

LSE:TEG
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TEG
LSE
£157M
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

Ten Entertainment Group plc, together with its subsidiaries, engages in tenpin bowling operations in the United Kingdom. The last earnings update was 129 days ago. More info.


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TEG Share Price and Events
7 Day Returns
2.1%
LSE:TEG
-1.7%
GB Hospitality
-1.7%
GB Market
1 Year Returns
-0.8%
LSE:TEG
-4.3%
GB Hospitality
-5.7%
GB Market
TEG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ten Entertainment Group (TEG) 2.1% -2.8% 9.5% -0.8% - -
GB Hospitality -1.7% -1.1% 1.5% -4.3% 5.3% 38.6%
GB Market -1.7% -4.6% -3.2% -5.7% 4% 0.2%
1 Year Return vs Industry and Market
  • TEG outperformed the Hospitality industry which returned -4.3% over the past year.
  • TEG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.7% over the past year.
Price Volatility
TEG
Industry
5yr Volatility vs Market

TEG Value

 Is Ten Entertainment Group 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 Ten Entertainment Group 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 Ten Entertainment Group.

LSE:TEG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
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:TEG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.896 (1 + (1- 19%) (10.14%))
0.98
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.98 * 6.65%)
7.74%

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

The calculations below outline how an intrinsic value for Ten Entertainment Group 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

LSE:TEG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.74%)
2020 20.00 Analyst x1 18.56
2021 21.73 Analyst x1 18.72
2022 23.07 Est @ 6.16% 18.44
2023 24.15 Est @ 4.68% 17.92
2024 25.03 Est @ 3.65% 17.24
2025 25.76 Est @ 2.92% 16.46
2026 26.38 Est @ 2.41% 15.65
2027 26.92 Est @ 2.06% 14.82
2028 27.41 Est @ 1.81% 14.01
2029 27.86 Est @ 1.63% 13.21
Present value of next 10 years cash flows £165.04
LSE:TEG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £27.86 × (1 + 1.23%) ÷ (7.74% – 1.23%)
£432.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £432.71 ÷ (1 + 7.74%)10
£205.25
LSE:TEG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £165.04 + £205.25
£370.29
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £370.29 / 65.00
£5.7
LSE:TEG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £5.70
Current discount Discount to share price of £2.41
= -1 x (£2.41 - £5.70) / £5.70
57.7%

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

Current Discount
Amount off the current price Ten Entertainment Group is available for.
Intrinsic value
>50%
Share price is £2.41 vs Future cash flow value of £5.7
Current Discount Checks
For Ten Entertainment Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ten Entertainment Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ten Entertainment Group'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 Ten Entertainment Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ten Entertainment Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:TEG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in GBP £0.13
LSE:TEG Share Price ** LSE (2019-08-16) in GBP £2.41
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 36 Publicly-Listed Hospitality Companies 20.7x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 793 Publicly-Listed Companies 15.83x

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

** Primary Listing of Ten Entertainment Group.

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

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

= 2.41 ÷ 0.13

19.24x

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

  • Ten Entertainment Group is good value based on earnings compared to the GB Hospitality industry average.
  • Ten Entertainment Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Ten Entertainment Group's expected growth come at a high price?
Raw Data
LSE:TEG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
13.2%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 29 Publicly-Listed Hospitality Companies 2.02x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 570 Publicly-Listed Companies 1.41x

*Line of best fit is calculated by linear regression .

LSE:TEG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.24x ÷ 13.2%

1.46x

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

  • Ten Entertainment Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ten Entertainment Group's assets?
Raw Data
LSE:TEG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in GBP £0.84
LSE:TEG Share Price * LSE (2019-08-16) in GBP £2.41
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.23x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,370 Publicly-Listed Companies 1.39x
LSE:TEG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.41 ÷ 0.84

2.85x

* Primary Listing of Ten Entertainment Group.

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

  • Ten Entertainment Group is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess Ten Entertainment Group'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Ten Entertainment Group has a total score of 3/6, 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.

TEG Future Performance

 How is Ten Entertainment Group expected to perform in the next 1 to 3 years based on estimates from 5 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
13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ten Entertainment Group expected to grow at an attractive rate?
  • Ten Entertainment Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Ten Entertainment Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Ten Entertainment Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:TEG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:TEG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 13.2%
LSE:TEG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.8%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 10%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:TEG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:TEG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 90 15 1
2021-12-31 94 20 16 3
2020-12-31 90 19 15 5
2019-12-31 84 17 13 4
2018-12-31 76 16 11 5
LSE:TEG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-30 76 18 8
2018-09-30 75 17 8
2018-07-01 74 15 9
2018-04-01 72 13 7
2017-12-31 71 11 5
2017-09-30 70 10 3
2017-07-02 68 9 2
2017-04-02 68 12 3
2017-01-01 67 14 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ten Entertainment Group's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
  • Ten Entertainment Group's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
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:TEG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Ten Entertainment Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TEG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.25 0.27 0.22 2.00
2020-12-31 0.23 0.24 0.22 2.00
2019-12-31 0.20 0.21 0.19 2.00
2018-12-31 0.17 0.17 0.17 1.00
LSE:TEG Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-30 0.13
2018-09-30 0.13
2018-07-01 0.13
2018-04-01 0.11
2017-12-31 0.08
2017-09-30 0.05
2017-07-02 0.02
2017-04-02 0.04
2017-01-01 0.06

*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 Ten Entertainment Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ten Entertainment Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Ten Entertainment Group has a total score of 3/6, 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.

TEG Past Performance

  How has Ten Entertainment Group 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 Ten Entertainment Group's growth in the last year to its industry (Hospitality).
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.
  • Ten Entertainment Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Ten Entertainment Group's 1-year earnings growth exceeds its 5-year average (57.8% vs 48.8%)
  • Ten Entertainment Group's earnings growth has exceeded the GB Hospitality industry average in the past year (57.8% vs 4.7%).
Earnings and Revenue History
Ten Entertainment Group'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 Ten Entertainment Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TEG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-30 76.35 8.14 34.02
2018-09-30 75.05 8.37 33.16
2018-07-01 73.75 8.59 32.29
2018-04-01 72.39 6.88 30.92
2017-12-31 71.04 5.18 29.54
2017-09-30 69.56 3.35 30.04
2017-07-02 68.09 1.51 30.54
2017-04-02 67.70 2.57 30.08
2017-01-01 67.32 3.63 29.63
2015-12-27 52.97 -0.65 30.44
2014-12-28 46.82 -5.20 24.93
2014-09-28 46.19 -5.27 25.02
2014-06-29 45.57 -5.33 25.51
2014-03-29 45.61 -0.87 25.61
2013-12-29 45.65 3.59 25.60
2013-09-29 46.18 1.60 26.79
2013-06-30 46.70 -0.38 27.98
2013-03-31 46.91 -0.62 28.18
2012-12-30 47.11 -0.86 28.37
2012-09-30 48.11 -0.55 27.42

*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.
  • Ten Entertainment Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ten Entertainment Group used its assets more efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • Ten Entertainment Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ten Entertainment Group'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 Hospitality 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.
Ten Entertainment Group has a total score of 5/6, 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.

TEG Health

 How is Ten Entertainment Group'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 Ten Entertainment Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ten Entertainment Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ten Entertainment Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ten Entertainment Group'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 1.2x 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 Ten Entertainment Group Company Filings, last reported 7 months ago.

LSE:TEG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-30 54.91 9.41 5.30
2018-09-30 54.91 9.41 5.30
2018-07-01 50.60 9.88 7.22
2018-04-01 50.60 9.88 7.22
2017-12-31 53.19 5.85 5.57
2017-09-30 53.19 5.85 5.57
2017-07-02 48.36 5.81 2.81
2017-04-02 48.36 5.81 2.81
2017-01-01 4.04 54.56 10.19
2015-12-27 0.41 55.03 6.82
2014-12-28 32.93 1.00 3.34
2014-09-28 32.93 1.00 3.34
2014-06-29 30.07 3.24 2.08
2014-03-29 30.07 3.24 2.08
2013-12-29 15.28 18.54 4.87
2013-09-29 15.28 18.54 4.87
2013-06-30 12.71 19.81 3.36
2013-03-31 12.71 19.81 3.36
2012-12-30 11.69 18.96 3.15
2012-09-30 11.69 18.96 3.15
  • Ten Entertainment Group's level of debt (17.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (116.1% vs 17.1% today).
  • Debt is well covered by operating cash flow (188.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.6x coverage).
X
Financial health checks
We assess Ten Entertainment Group'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. Ten Entertainment Group has a total score of 5/6, 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.

TEG Dividends

 What is Ten Entertainment Group'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
4.56%
Current annual income from Ten Entertainment Group dividends. Estimated to be 5.62% next year.
If you bought £2,000 of Ten Entertainment Group shares you are expected to receive £91 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?
  • Ten Entertainment Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.08%).
  • Ten Entertainment Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.77%).
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:TEG 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 5 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 3.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 699 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.1%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

LSE:TEG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.14 1.00
2021-12-31 0.14 3.00
2020-12-31 0.14 5.00
2019-12-31 0.12 4.00
2018-12-31 0.10 5.00
LSE:TEG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.110 4.732
2019-03-20 0.110 4.952
2018-04-04 0.140 5.776
2018-03-21 0.140 5.573
2017-09-13 0.060 2.699

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

  • Ten Entertainment Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Ten Entertainment Group only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Ten Entertainment Group'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 (1.8x coverage).
X
Income/ dividend checks
We assess Ten Entertainment Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Ten Entertainment Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ten Entertainment Group has a total score of 3/6, see the detailed checks below.


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

TEG Management

 What is the CEO of Ten Entertainment Group'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
Duncan Garrood
COMPENSATION £877,200
AGE 60
TENURE AS CEO 0.7 years
CEO Bio

Mr. Duncan S. Garrood has been Chief Executive Officer and Director of Ten Entertainment Group plc since December 15, 2018. He was the Chief Executive of Punch Taverns plc since June 15, 2015 until September 2017. Mr. Garrood served as Divisional Managing Director of LHR Airports Limited (formerly, Baa Plc) since 2004 and served as its Commercial Director. He is responsible for Stansted, Gatwick and Southampton and for airport investments in Australia, Europe and the Middle East. He served as Regional Director of Asia Pacific of JohnsonDiversey from 2002 to 2004; Regional Managing Director, North Asia from 1998 to 2002; General Manager, Southern China from 1995 to 1998; Strategic and Customer Marketing Director from 1993 to 1995; Senior Account Director from 1990 to 1993; Sales Manager from 1989 to 1990; Production management roles from 1985 to 1989 and Management Trainee from 1983 to 1985 where he was heavily involved in the merger process and in particular staff and client development as well as growing sales and profits. During his time in Asia Duncan has made it a personal goal to promote safety and environmental improvements in developing markets, especially in China. He is a Director at Punch Taverns plc since June 15, 2015 until September 2017. Mr. Garrood has been a Non-Executive Director of Ultra Global Limited (alternative name Ultra Global Limited and Advanced Transport Systems Ltd.) since October 2005. He serves as a Director of British Chamber of Commerce, China. He served as a Director of GE.S.A.C. S.p.A. Mr. Garrood holds a PhD, BSc (first class honours), ARCS and DIC in Biochemistry from Imperial College, London.

CEO Compensation
  • Insufficient data for Duncan to compare compensation growth.
  • Duncan's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Ten Entertainment Group management team in years:

0.7
Average Tenure
  • The average tenure for the Ten Entertainment Group management team is less than 2 years, this suggests a new team.
Management Team

Duncan Garrood

TITLE
CEO & Director
COMPENSATION
£877K
AGE
60
TENURE
0.7 yrs

Graham Blackwell

TITLE
Chief Commercial Officer & Director
COMPENSATION
£168K
AGE
50
TENURE
2.4 yrs

Antony Smith

TITLE
CFO, Company Secretary & Director
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Ten Entertainment Group board of directors in years:

2.4
Average Tenure
58.5
Average Age
  • The average tenure for the Ten Entertainment Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nick Basing

TITLE
Non-Executive Chairman
COMPENSATION
£141K
AGE
57
TENURE
2.4 yrs

Duncan Garrood

TITLE
CEO & Director
COMPENSATION
£877K
AGE
60
TENURE
0.7 yrs

Graham Blackwell

TITLE
Chief Commercial Officer & Director
COMPENSATION
£168K
AGE
50
TENURE
2.4 yrs

Antony Smith

TITLE
CFO, Company Secretary & Director
TENURE
0.3 yrs

David Wild

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£50K
AGE
64
TENURE
2.3 yrs

Julie Sneddon

TITLE
Independent Non-Executive Director
COMPENSATION
£50K
TENURE
2.4 yrs

Adam Bellamy

TITLE
Non-Executive Independent Director
COMPENSATION
£8K
AGE
49
TENURE
0.8 yrs

Chris Mills

TITLE
Non-Executive Director
COMPENSATION
£50K
AGE
65
TENURE
10.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
29. Apr 19 Sell Graham Blackwell Individual 29. Apr 19 29. Apr 19 -297,000 £2.32 £-689,040
06. Nov 18 Buy David Wild Individual 06. Nov 18 06. Nov 18 10,000 £2.37 £23,650
X
Management checks
We assess Ten Entertainment Group'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. Ten Entertainment Group 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.

TEG News

Simply Wall St News

Here's How P/E Ratios Can Help Us Understand Ten Entertainment Group plc (LON:TEG)

Ten Entertainment Group has a price to earnings ratio of 19.48, based on the last twelve months. … Check out our latest analysis for Ten Entertainment Group How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Ten Entertainment Group: P/E of 19.48 = £2.44 ÷ £0.13 (Based on the year to December 2018.) Is A High P/E Ratio Good?

Simply Wall St -

How Does Ten Entertainment Group plc (LON:TEG) Fare As A Dividend Stock?

Dividend paying stocks like Ten Entertainment Group plc (LON:TEG) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Ten Entertainment Group pays a 4.5% dividend yield, and has been paying dividends for the past two years. … Conclusion To summarise, shareholders should always check that Ten Entertainment Group's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

What Should Investors Know About Ten Entertainment Group plc's (LON:TEG) Earnings Outlook?

The latest earnings announcement Ten Entertainment Group plc (LON:TEG) released in April 2019 suggested that the business experienced a large tailwind, eventuating to a high double-digit earnings growth of 57%. … Below, I've laid out key numbers on how market analysts predict Ten Entertainment Group's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … See our latest analysis for Ten Entertainment Group Analysts' expectations for next year seems optimistic, with earnings rising by a significant 65%.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Ten Entertainment Group plc (LON:TEG)?

If you're interested in Ten Entertainment Group plc (LON:TEG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: One potential advantage of owning low beta stocks like Ten Entertainment Group is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

What Can We Make Of Ten Entertainment Group plc’s (LON:TEG) High Return On Capital?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Ten Entertainment Group: 0.21 = UK£13m ÷ (UK£82m - UK£20m) (Based on the trailing twelve months to December 2018.) So, Ten Entertainment Group has an ROCE of 21%. … Ten Entertainment Group's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … Our Take On Ten Entertainment Group's ROCE With low current liabilities and a high ROCE, Ten Entertainment Group could be worthy of further investigation.

Simply Wall St -

Ten Entertainment Group (LON:TEG) Has A Pretty Healthy Balance Sheet

Importantly, Ten Entertainment Group plc (LON:TEG) does carry debt. … LSE:TEG Historical Debt, July 1st 2019 How Healthy Is Ten Entertainment Group's Balance Sheet? … Since Ten Entertainment Group does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

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Is It Too Late To Buy Ten Entertainment Group plc (LON:TEG) At Its June Price?

Analysts are predicting good growth prospects for Ten Entertainment Group over the next couple of years. … Ten Entertainment Group is available at price-to-earnings ratio of 18.2x, showing us it is overvalued based on current earnings compared to the Hospitality industry average of 17.56x , and overvalued compared to the GB market average ratio of 16.24x. … A PE ratio of 18.2x and expected year-on-year earnings growth of 11% give Ten Entertainment Group a higher PEG ratio of 1.59x.

Simply Wall St -

Should You Investigate Ten Entertainment Group plc (LON:TEG) At UK£2.20?

Ten Entertainment Group plc (LON:TEG), which is in the hospitality business, and is based in United Kingdom, saw significant share price movement during recent months on the LSE, rising to highs of £2.4 and falling to the lows of £2.15. … The stock’s ratio of 17.56x is currently trading slightly above its industry peers’ ratio of 17.24x, which means if you buy Ten Entertainment Group today, you’d be paying a relatively fair price for it. … In addition to this, it seems like Ten Entertainment Group’s share price is quite stable, which could mean there may be less chances to buy low in the future now that it’s fairly valued.

Simply Wall St -

What Should We Expect From Ten Entertainment Group plc's (LON:TEG) Earnings In The Next 12 Months?

Looking at Ten Entertainment Group plc's (LON:TEG) earnings update in December 2018, it seems that analyst forecasts are substantially optimistic, as a 65% rise in profits is expected in the upcoming year, against the past 5-year average growth rate of 49%. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of TEG's earnings growth over these next few years. … LSE:TEG Past and Future Earnings, May 25th 2019 By 2022, TEG's earnings should reach UK£16m, from current levels of UK£8.1m, resulting in an annual growth rate of 11%.

Simply Wall St -

Do You Know What Ten Entertainment Group plc's (LON:TEG) P/E Ratio Means?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to Ten Entertainment Group plc's (LON:TEG), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

TEG Company Info

Description

Ten Entertainment Group plc, together with its subsidiaries, engages in tenpin bowling operations in the United Kingdom. The company operates 45 bowling sites with approximately 1,000 bowling lanes under the Tenpin brand. It also provides amusement machine, table-tennis, soft play, laser game, pool table, restaurant, and bar services. The company was formerly known as Birchams Newco plc and changed its name to Ten Entertainment Group plc in March 2017. Ten Entertainment Group plc was incorporated in 2017 and is based in Bedford, the United Kingdom.

Details
Name: Ten Entertainment Group plc
TEG
Exchange: LSE
Founded: 2017
£156,650,000
65,000,000
Website: http://www.tegplc.co.uk
Address: Ten Entertainment Group plc
Aragon House,
University Way,
Bedford,
Bedfordshire, MK43 0EQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TEG New Ordinary Shares London Stock Exchange GB GBP 13. Apr 2017
Number of employees
Current staff
Staff numbers
1,100
Ten Entertainment Group employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 22:11
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/01
Last earnings filing: 2019/04/11
Last earnings reported: 2018/12/30
Last annual earnings reported: 2018/12/30


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.