AIM:INL

Stock Analysis Report

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Executive Summary

Inland Homes plc operates as a real estate development company in the United Kingdom. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-5.9%

INL

-3.8%

GB Real Estate

-0.4%

GB Market


1 Year Return

-23.3%

INL

-13.6%

GB Real Estate

-10.0%

GB Market

Return vs Industry: INL underperformed the UK Real Estate industry which returned -13.7% over the past year.

Return vs Market: INL underperformed the UK Market which returned -10.1% over the past year.


Shareholder returns

INLIndustryMarket
7 Day-5.9%-3.8%-0.4%
30 Day17.3%14.8%13.6%
90 Day13.0%8.1%6.4%
1 Year-23.3%-23.3%-12.3%-13.6%-6.4%-10.0%
3 Year4.5%-2.8%-5.4%-12.8%1.6%-10.9%
5 Year-5.2%-15.0%13.9%-2.5%27.5%-1.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INL (£0.61) is trading above our estimate of fair value (£0.42)

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


Price To Earnings Ratio

PE vs Industry: INL is good value based on its PE Ratio (6.4x) compared to the GB Real Estate industry average (14.4x).

PE vs Market: INL is good value based on its PE Ratio (6.4x) compared to the UK market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: INL is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: INL's PB Ratio (0.8x) is in line with the GB Real Estate industry average.


Next Steps

Future Growth

How is Inland Homes forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

22.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INL's forecast earnings growth (22% per year) is above the savings rate (1.2%).

Earnings vs Market: INL's earnings (22% per year) are forecast to grow slower than the UK market (27.1% per year).

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

Revenue vs Market: INL's revenue (30% per year) is forecast to grow faster than the UK market (6.8% per year).

High Growth Revenue: INL's revenue (30% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INL's Return on Equity is forecast to be low in 3 years time (16.5%).


Next Steps

Past Performance

How has Inland Homes performed over the past 5 years?

27.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: INL has a large one-off gain of £11.0M impacting its September 30 2019 financial results.

Growing Profit Margin: INL's current net profit margins (16.6%) are higher than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if INL's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare INL's past year earnings growth to its 5-year average.

Earnings vs Industry: INL earnings growth over the past year (27%) exceeded the Real Estate industry -25.4%.


Return on Equity

High ROE: INL's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is Inland Homes's financial position?


Financial Position Analysis

Short Term Liabilities: INL's short term assets (£291.5M) exceed its short term liabilities (£102.0M).

Long Term Liabilities: INL's short term assets (£291.5M) exceed its long term liabilities (£116.4M).


Debt to Equity History and Analysis

Debt Level: INL's debt to equity ratio (100.6%) is considered high.

Reducing Debt: INL's debt to equity ratio has increased from 57% to 100.6% over the past 5 years.

Debt Coverage: INL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: INL's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Next Steps

Dividend

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

7.31%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INL'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?

2.5yrs

Average board tenure


CEO

Stephen Wicks (69 yo)

no data

Tenure

UK£529,000

Compensation

Mr. Stephen Desmond Wicks founded Inland Homes PLC in June 2005 and serves as its Chief Executive Officer. Mr. Wicks serves as Chief Executive at Inland Homes Limited. Mr. Wicks served as an Information Te...


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD705.09K) is about average for companies of similar size in the UK market ($USD619.80K).

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


Board Members

NamePositionTenureCompensationOwnership
Stephen Wicks
CEO & Executive Directorno dataUK£529.00k7.84%
£ 10.9m
Nishith Malde
Group Finance Director & Executive Director15.42yrsUK£525.00k4.82%
£ 6.7m
Gary Skinner
Group MD & Director2.5yrsUK£347.00k0.036%
£ 50.1k
Terry Roydon
Independent Non Executive Chairmanno dataUK£75.00k0.16%
£ 218.1k
Simon Bennett
Senior Independent Director2.17yrsUK£63.00k0.055%
£ 76.2k
John Brian Johnson
Independent Non-Executive Director2.42yrsUK£48.00kno data

2.5yrs

Average Tenure

62yo

Average Age

Experienced Board: INL's board of directors are not considered experienced ( 2.5 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: INL insiders have bought and sold the same number of shares 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 10.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Inland Homes plc
  • Ticker: INL
  • Exchange: AIM
  • Founded: 2005
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: UK£139.210m
  • Shares outstanding: 228.21m
  • Website: https://www.inlandhomes.co.uk

Number of Employees


Location

  • Inland Homes plc
  • Burnham Yard
  • London End
  • Beaconsfield
  • Buckinghamshire
  • HP9 2JH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INLAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPApr 2007

Biography

Inland Homes plc operates as a real estate development company in the United Kingdom. It develops brownfield sites for residential and mixed use projects. The company is also involved in the provision of f...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 18:53
End of Day Share Price2020/11/27 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.