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TAM

Tatton Asset Management AIM:TAM Stock Report

Last Price

UK£3.64

Market Cap

UK£214.6m

7D

-2.2%

1Y

-15.3%

Updated

23 Jun, 2022

Data

Company Financials +
TAM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends3/6

TAM Stock Overview

Tatton Asset Management plc provides fund management, compliance consultancy, and technical support services to independent financial advisors in the United Kingdom.

Tatton Asset Management Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Tatton Asset Management
Historical stock prices
Current Share PriceUK£3.64
52 Week HighUK£6.20
52 Week LowUK£3.60
Beta1.16
1 Month Change-12.81%
3 Month Change-21.72%
1 Year Change-15.35%
3 Year Change62.50%
5 Year Changen/a
Change since IPO92.59%

Recent News & Updates

Jun 17
Should You Be Adding Tatton Asset Management (LON:TAM) To Your Watchlist Today?

Should You Be Adding Tatton Asset Management (LON:TAM) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

TAMGB Capital MarketsGB Market
7D-2.2%1.6%-0.3%
1Y-15.3%-18.5%-10.4%

Return vs Industry: TAM exceeded the UK Capital Markets industry which returned -18.4% over the past year.

Return vs Market: TAM underperformed the UK Market which returned -9.3% over the past year.

Price Volatility

Is TAM's price volatile compared to industry and market?
TAM volatility
TAM Average Weekly Movement6.4%
Capital Markets Industry Average Movement4.3%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.8%

Stable Share Price: TAM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TAM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201795Paul Hogarthhttps://www.tattonassetmanagement.com

Tatton Asset Management plc provides fund management, compliance consultancy, and technical support services to independent financial advisors in the United Kingdom. The company operates through two segments, Tatton and Paradigm. It also offers mortgage adviser support, and mortgage and insurance product distribution services.

Tatton Asset Management Fundamentals Summary

How do Tatton Asset Management's earnings and revenue compare to its market cap?
TAM fundamental statistics
Market CapUK£214.63m
Earnings (TTM)UK£9.24m
Revenue (TTM)UK£29.36m

23.2x

P/E Ratio

7.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAM income statement (TTM)
RevenueUK£29.36m
Cost of RevenueUK£0
Gross ProfitUK£29.36m
Other ExpensesUK£20.11m
EarningsUK£9.24m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin100.00%
Net Profit Margin31.48%
Debt/Equity Ratio0%

How did TAM perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

79%

Payout Ratio

Does TAM pay a reliable dividends?

See TAM dividend history and benchmarks
When do you need to buy TAM by to receive an upcoming dividend?
Tatton Asset Management dividend dates
Ex Dividend DateJun 23 2022
Dividend Pay DateAug 02 2022
Days until Ex dividend2 days
Days until Dividend pay date38 days

Does TAM pay a reliable dividends?

See TAM dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is TAM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TAM?

Other financial metrics that can be useful for relative valuation.

TAM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.6x
Enterprise Value/EBITDA15.7x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does TAM's PE Ratio compare to its peers?

TAM PE Ratio vs Peers
The above table shows the PE ratio for TAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x

Price-To-Earnings vs Peers: TAM is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (13.4x).


Price to Earnings Ratio vs Industry

How does TAM's PE Ratio compare vs other companies in the U.K. Capital Markets Industry?

Price-To-Earnings vs Industry: TAM is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the UK Capital Markets industry average (9.2x)


Price to Earnings Ratio vs Fair Ratio

What is TAM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.2x
Fair PE Ratio16.4x

Price-To-Earnings vs Fair Ratio: TAM is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).


Share Price vs Fair Value

What is the Fair Price of TAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TAM (£3.64) is trading above our estimate of fair value (£2.89)

Significantly Below Fair Value: TAM is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: TAM is poor value based on its PEG Ratio (2x)


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Future Growth

How is Tatton Asset Management forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TAM's forecast earnings growth (11.4% per year) is above the savings rate (0.9%).

Earnings vs Market: TAM's earnings (11.4% per year) are forecast to grow faster than the UK market (10.9% per year).

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

Revenue vs Market: TAM's revenue (10.3% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: TAM's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TAM's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Tatton Asset Management performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TAM has high quality earnings.

Growing Profit Margin: TAM's current net profit margins (31.5%) are higher than last year (26.2%).


Past Earnings Growth Analysis

Earnings Trend: TAM's earnings have grown significantly by 32% per year over the past 5 years.

Accelerating Growth: TAM's earnings growth over the past year (51.2%) exceeds its 5-year average (32% per year).

Earnings vs Industry: TAM earnings growth over the past year (51.2%) underperformed the Capital Markets industry 54.4%.


Return on Equity

High ROE: TAM's Return on Equity (29.8%) is considered high.


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Financial Health

How is Tatton Asset Management's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TAM's short term assets (£26.4M) exceed its short term liabilities (£7.6M).

Long Term Liabilities: TAM's short term assets (£26.4M) exceed its long term liabilities (£2.7M).


Debt to Equity History and Analysis

Debt Level: TAM is debt free.

Reducing Debt: TAM has no debt compared to 5 years ago when its debt to equity ratio was 21.7%.

Debt Coverage: TAM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TAM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Tatton Asset Management current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.43%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TAM's dividend (3.43%) is higher than the bottom 25% of dividend payers in the UK market (1.9%).

High Dividend: TAM's dividend (3.43%) is low compared to the top 25% of dividend payers in the UK market (5.19%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TAM has been paying a dividend for less than 10 years.

Growing Dividend: TAM's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (78.5%), TAM's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (55.2%), TAM's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average board tenure


CEO

Paul Hogarth (62 yo)

no data

Tenure

UK£2,114,000

Compensation

Mr. Paul Henry Hogarth serves as Chief Executive Officer of Tatton Asset Management plc. and serves as its Director since 2007. Mr. Hogarth founded Bankhall PMS Limited in 1993.Mr. Hogarth is Founder and...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD2.59M) is above average for companies of similar size in the UK market ($USD694.09K).

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


Board Members

Experienced Board: TAM's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TAM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

Tatton Asset Management plc's employee growth, exchange listings and data sources


Key Information

  • Name: Tatton Asset Management plc
  • Ticker: TAM
  • Exchange: AIM
  • Founded: 2017
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£214.632m
  • Shares outstanding: 58.96m
  • Website: https://www.tattonassetmanagement.com

Number of Employees


Location

  • Tatton Asset Management plc
  • Paradigm House
  • Lower Meadow Road
  • Wilmslow
  • Cheshire
  • SK9 3ND
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.