OnTheMarket (AIM:OTMP) - Share price, News & Analysis

OTMP fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

OTMP Stock Overview

OnTheMarket plc provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.

Rewards

Trading at 78.9% below our estimate of its fair value

Earnings are forecast to grow 45.63% per year

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

Latest financial reports are more than 6 months old

Shareholders have been diluted in the past year

Does not have a meaningful market cap (£60M)

OnTheMarket Competitors

Price History & Performance

Summary of all time highs, changes and price drops for OnTheMarket
Historical stock prices
Current Share Price	UK£0.80
52 Week High	UK£1.30
52 Week Low	UK£0.70
Beta	2.58
1 Month Change	-13.51%
3 Month Change	-20.00%
1 Year Change	-3.03%
3 Year Change	-17.10%
5 Year Change	n/a
Change since IPO	-45.95%

Shareholder Returns

	OTMP	GB Interactive Media and Services	GB Market
7D	5.3%	1.1%	1.1%
1Y	-3.0%	-29.0%	-2.5%

Return vs Industry: OTMP exceeded the UK Interactive Media and Services industry which returned -28.1% over the past year.

Return vs Market: OTMP matched the UK Market which returned -2.5% over the past year.

Price Volatility

Is OTMP's price volatile compared to industry and market?
OTMP volatility
OTMP Average Weekly Movement	7.2%
Interactive Media and Services Industry Average Movement	7.2%
Market Average Movement	6.1%
10% most volatile stocks in GB Market	11.7%
10% least volatile stocks in GB Market	3.2%

Stable Share Price: OTMP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: OTMP's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	138	Jason Tebb	https://plc.onthemarket.com

OnTheMarket plc provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom. It owns and operates online residential property portal on OnTheMarket.com that offers property for sale and rent, and finds agents. The company was founded in 2015 and is based in London, the United Kingdom.

OnTheMarket Fundamentals Summary

How do OnTheMarket's earnings and revenue compare to its market cap?
OTMP fundamental statistics
Market Cap	UK£59.96m
Earnings (TTM)	UK£2.50m
Revenue (TTM)	UK£27.73m

24.0x

P/E Ratio

2.2x

P/S Ratio

Is OTMP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OTMP income statement (TTM)
Revenue	UK£27.73m
Cost of Revenue	UK£0
Gross Profit	UK£27.73m
Other Expenses	UK£25.23m
Earnings	UK£2.50m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.033
Gross Margin	100.00%
Net Profit Margin	9.03%
Debt/Equity Ratio	0%

How did OTMP perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OTMP (£0.8) is trading below our estimate of fair value (£3.79)

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

Price To Earnings Ratio

PE vs Industry: OTMP is good value based on its PE Ratio (24x) compared to the UK Interactive Media and Services industry average (26x).

PE vs Market: OTMP is poor value based on its PE Ratio (24x) compared to the UK market (15.3x).

Price to Earnings Growth Ratio

PEG Ratio: OTMP is good value based on its PEG Ratio (0.5x)

Price to Book Ratio

PB vs Industry: OTMP's PB Ratio (3.2x) is in line with the GB Interactive Media and Services industry average.

Future Growth

How is OnTheMarket forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

45.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OTMP's forecast earnings growth (45.6% per year) is above the savings rate (0.9%).

Earnings vs Market: OTMP's earnings (45.6% per year) are forecast to grow faster than the UK market (11.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OTMP's revenue (15.7% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: OTMP's revenue (15.7% 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 OTMP's Return on Equity is forecast to be high in 3 years time

Past Performance

How has OnTheMarket performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

21.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OTMP has a large one-off loss of £2.6M impacting its July 31 2021 financial results.

Growing Profit Margin: OTMP became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: OTMP has become profitable over the past 5 years, growing earnings by 21.6% per year.

Accelerating Growth: OTMP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OTMP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (36.5%).

Return on Equity

High ROE: OTMP's Return on Equity (13.2%) is considered low.

Financial Health

How is OnTheMarket'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: OTMP's short term assets (£14.1M) exceed its short term liabilities (£6.4M).

Long Term Liabilities: OTMP's short term assets (£14.1M) exceed its long term liabilities (£2.7M).

Debt to Equity History and Analysis

Debt Level: OTMP is debt free.

Reducing Debt: OTMP currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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

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

Balance Sheet

Dividend

What is OnTheMarket current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.88%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OTMP has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

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

4.4yrs

Average management tenure

CEO

Jason Tebb (45 yo)

1.42yrs

Tenure

UK£281,904

Compensation

Mr. Jason Tebb serves as Chief Executive Officer and Director at On The Market Ltd since December 14, 2020. Mr. Tebb brings extensive property and estate agency experience across digital and physical marke...

CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD349.68K) is about average for companies of similar size in the UK market ($USD317.47K).

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

Leadership Team

Experienced Management: OTMP's management team is considered experienced (4.4 years average tenure).

Board Members

Experienced Board: OTMP's board of directors are considered experienced (4.6 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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/07/31
Annual Earnings	2021/01/31