AIM:BMK

Stock Analysis Report

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Executive Summary

Benchmark Holdings plc, together with its subsidiaries, provides technical services, products, and specialist knowledge that support the development of food and farming industries worldwide. More Details


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-2.4%

BMK

0.4%

GB Food

-1.7%

GB Market


1 Year Return

34.1%

BMK

-13.5%

GB Food

-8.6%

GB Market

Return vs Industry: BMK exceeded the UK Food industry which returned -13.5% over the past year.

Return vs Market: BMK exceeded the UK Market which returned -8.6% over the past year.


Shareholder returns

BMKIndustryMarket
7 Day-2.4%0.4%-1.7%
30 Day5.2%-0.2%3.4%
90 Day25.8%20.0%14.5%
1 Year34.1%34.1%-12.6%-13.5%-4.9%-8.6%
3 Year-12.9%-12.9%-10.3%-15.2%3.7%-9.0%
5 Year-14.7%-14.7%-7.1%-16.2%47.1%13.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BMK (£0.61) is trading below our estimate of fair value (£1.26)

Significantly Below Fair Value: BMK is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: BMK 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 BMK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BMK's PB Ratio (1.4x) is in line with the GB Food industry average.


Next Steps

Future Growth

How is Benchmark Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

87.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: BMK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BMK's is expected to become profitable in the next 3 years.

Revenue vs Market: BMK's revenue (15.3% per year) is forecast to grow faster than the UK market (6.5% per year).

High Growth Revenue: BMK's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BMK's Return on Equity is forecast to be low in 3 years time (0.2%).


Next Steps

Past Performance

How has Benchmark Holdings performed over the past 5 years?

-41.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMK is currently unprofitable.

Growing Profit Margin: BMK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BMK is unprofitable, and losses have increased over the past 5 years at a rate of 41.8% per year.

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

Earnings vs Industry: BMK is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (0.01%).


Return on Equity

High ROE: BMK has a negative Return on Equity (-7.71%), as it is currently unprofitable.


Next Steps

Financial Health

How is Benchmark Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BMK's short term assets (£145.8M) exceed its short term liabilities (£55.4M).

Long Term Liabilities: BMK's short term assets (£145.8M) exceed its long term liabilities (£138.2M).


Debt to Equity History and Analysis

Debt Level: BMK's debt to equity ratio (33.4%) is considered satisfactory.

Reducing Debt: BMK's debt to equity ratio has increased from 0.9% to 33.4% over the past 5 years.


Balance Sheet


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: BMK has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BMK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BMK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BMK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BMK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BMK is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BMK's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

  • Explore strong dividend paying companies in the Food, Beverage & Tobacco industry.

Management

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

2.0yrs

Average management tenure


CEO

Trond Williksen (57 yo)

0.58

Tenure

UK£330,470

Compensation

Mr. Trond Williksen serves as Chief Executive Officer and Director at Benchmark Holdings plc since June 01, 2020. He serves as the Executive Advisor at FSN Capital Partners AS since July 2019. Prior to thi...


CEO Compensation Analysis

Compensation vs Market: Trond's total compensation ($USD449.20K) is below average for companies of similar size in the UK market ($USD820.67K).

Compensation vs Earnings: Insufficient data to compare Trond's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Trond Williksen
CEO & Director0.58yrUK£330.47k0.027%
£ 109.8k
Septima Maguire
CFO & Director1.08yrsUK£376.91k0.047%
£ 193.4k
Ruth Layton
Co-Founder & Head of Benchmark Sustainability Scienceno dataUK£14.18kno data
Neil Robertson
Head of Operationsno datano datano data
Ivonne Cantu
Director of Investor Relations & Corporate Developmentno datano datano data
Jennifer Haddouk
Company Secretary & Group Legal Counsel1.67yrsno datano data
Doerte Laue
Group Marketing Director2.25yrsno datano data
Rob Squirrell
Interim Head of Peopleno datano datano data
Roland Bonney
Group Lead of Key Account Management3yrsUK£271.00kno data
Athene Blakeman
Head of Advanced Nutritionno datano datano data
David Babington
Managing Director of Improve Internationalno datano datano data
John Marshall
Head of Animal Health3yrsno datano data

2.0yrs

Average Tenure

Experienced Management: BMK's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Trond Williksen
CEO & Director0.58yrUK£330.47k0.027%
£ 109.8k
Septima Maguire
CFO & Director1.08yrsUK£376.91k0.047%
£ 193.4k
Kevin Quinn
Independent Non-Executive Director4.17yrsUK£40.50k0.013%
£ 52.4k
Yngve Myhre
Independent Non-Executive Director3.17yrsUK£40.50k0.12%
£ 488.0k
Kristian Eikre
Non-Executive Director1.83yrsno datano data
Susan Jane Searle
Senior Independent Non-Executive Director7.08yrsUK£40.50k0.034%
£ 137.0k
Peter George
Independent Non-Executive Chairman2.67yrsUK£108.00k0.46%
£ 1.9m
Danjal Danjalsson
Directorno datano datano data
Hugo Wahnish
Independent Non-Executive Director3.17yrsUK£40.50k0.052%
£ 213.5k
Tone Hanstad
Directorno datano datano data

2.9yrs

Average Tenure

57yo

Average Age

Experienced Board: BMK's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: BMK 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 19.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Benchmark Holdings plc
  • Ticker: BMK
  • Exchange: AIM
  • Founded: 2000
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: UK£408.046m
  • Shares outstanding: 668.93m
  • Website: https://www.benchmarkplc.com

Number of Employees


Location

  • Benchmark Holdings plc
  • Benchmark House
  • 8 Smithy Wood Drive
  • Sheffield
  • South Yorkshire
  • S35 1QN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BMKAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2013
BHCC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2013
31BDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2013

Biography

Benchmark Holdings plc, together with its subsidiaries, provides technical services, products, and specialist knowledge that support the development of food and farming industries worldwide. The company op...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 20:16
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.