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Fishing Republic

AIM:FISH
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FISH
AIM
£3M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Fishing Republic plc operates as a retailer of fishing tackle. The last earnings update was 108 days ago. More info.


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FISH Share Price and Events
7 Day Returns
0%
AIM:FISH
4.6%
GB Specialty Retail
1.6%
GB Market
1 Year Returns
-56.3%
AIM:FISH
-25%
GB Specialty Retail
-11%
GB Market
FISH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fishing Republic (FISH) 0% 0% 0% -56.3% -69.1% -
GB Specialty Retail 4.6% 2.9% -7.4% -25% -31.3% -31.1%
GB Market 1.6% 0.9% -1.2% -11% 14% -8%
1 Year Return vs Industry and Market
  • FISH underperformed the Specialty Retail industry which returned -25% over the past year.
  • FISH underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -11% over the past year.
Price Volatility
FISH
Industry
5yr Volatility vs Market

Value

 Is Fishing Republic 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 Fishing Republic 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 Fishing Republic.

AIM:FISH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.4%

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 AIM:FISH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 8.6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.4
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.403 (1 + (1- 19%) (18.24%))
0.462
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.4% + (0.8 * 8.6%)
8.28%

Discounted Cash Flow Calculation for AIM:FISH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fishing Republic is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:FISH DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (GBP, Millions) 0.74 0.88 1.03 1.21 1.40
Source Est @ 20%, capped from 27.85% Est @ 19%, capped from 27.85% Est @ 18%, capped from 27.85% Est @ 17%, capped from 27.85% Est @ 16%, capped from 27.85%
Present Value
Discounted (@ 8.28%)
0.68 0.75 0.81 0.88 0.94
Present value of next 5 years cash flows £4.06
AIM:FISH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £1.40 × (1 + 1.4%) ÷ (8.28% – 1.4%)
£20.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £20.66 ÷ (1 + 8.28%)5
£13.88
AIM:FISH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £4.06 + £13.88
£17.95
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £17.95 / 52.21
£0.34
AIM:FISH Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.34
Current discount Discount to share price of £0.05
= -1 x (£0.05 - £0.34) / £0.34
84.7%

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

Current Discount
Amount off the current price Fishing Republic is available for.
Intrinsic value
>50%
Share price is £0.0525 vs Future cash flow value of £0.34376
Current Discount Checks
For Fishing Republic to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fishing Republic's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fishing Republic'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 Fishing Republic's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fishing Republic's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:FISH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £-0.11
AIM:FISH Share Price ** AIM (2018-10-16) in GBP £0.05
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 28 Publicly-Listed Specialty Retail Companies 11.44x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 813 Publicly-Listed Companies 15.61x

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

** Primary Listing of Fishing Republic.

AIM:FISH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:FISH Share Price ÷ EPS (both in GBP)

= 0.05 ÷ -0.11

-0.5x

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

  • Fishing Republic is loss making, we can't compare its value to the GB Specialty Retail industry average.
  • Fishing Republic is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Fishing Republic's expected growth come at a high price?
Raw Data
AIM:FISH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 26 Publicly-Listed Specialty Retail Companies 0.94x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 577 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Fishing Republic, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fishing Republic's assets?
Raw Data
AIM:FISH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £0.07
AIM:FISH Share Price * AIM (2018-10-16) in GBP £0.05
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 39 Publicly-Listed Specialty Retail Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,358 Publicly-Listed Companies 1.51x
AIM:FISH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:FISH Share Price ÷ Book Value per Share (both in GBP)

= 0.05 ÷ 0.07

0.74x

* Primary Listing of Fishing Republic.

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

  • Fishing Republic is good value based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Fishing Republic'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Fishing Republic 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.

Future Performance

 How is Fishing Republic expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fishing Republic has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
17%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fishing Republic expected to grow at an attractive rate?
  • Unable to compare Fishing Republic's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Fishing Republic's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Fishing Republic's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:FISH Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 17%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
AIM:FISH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:FISH Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:FISH Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 8 -1 -5
2018-03-31 9 -1 -3
2017-12-31 9 -0 -2
2017-09-30 8 -1 -1
2017-06-30 7 -1 0
2017-03-31 7 -1 0
2016-12-31 6 -1 0
2016-09-30 5 -1 0
2016-06-30 5 -0 0
2016-03-31 4 -1 0
2015-12-31 4 -1 -0
2015-09-30 4 -1 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Fishing Republic is high growth as no earnings estimate data is available.
  • Unable to determine if Fishing Republic is high growth as no revenue estimate data is available.
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
AIM:FISH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Fishing Republic Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:FISH Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:FISH Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 -0.11
2018-03-31 -0.08
2017-12-31 -0.06
2017-09-30 -0.03
2017-06-30 0.00
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.01
2016-03-31 0.01
2015-12-31 -0.00
2015-09-30 -0.00

*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 Fishing Republic will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Fishing Republic is trading at Fishing Republic'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Fishing Republic's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Fishing Republic's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Fishing Republic'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.
Fishing Republic has a total score of 0/6, 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.

Past Performance

  How has Fishing Republic 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 Fishing Republic's growth in the last year to its industry (Specialty Retail).
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.
  • Fishing Republic does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Fishing Republic's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Fishing Republic's 1-year growth to the GB Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Fishing Republic'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 Fishing Republic Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:FISH Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 8.41 -4.63 4.89
2018-03-31 8.78 -3.42 4.42
2017-12-31 9.15 -2.21 3.96
2017-09-30 8.27 -1.06 3.40
2017-06-30 7.39 0.10 2.83
2017-03-31 6.59 0.21 2.59
2016-12-31 5.80 0.32 2.35
2016-09-30 5.28 0.30 2.17
2016-06-30 4.76 0.27 1.99
2016-03-31 4.44 0.12 1.78
2015-12-31 4.12 -0.03 1.56
2015-09-30 3.77 -0.03 1.46
2015-06-30 3.42 -0.02 1.35
2015-03-31 3.41 0.11 1.27
2014-12-31 3.39 0.24 1.20
2013-12-31 3.34 0.29 1.20
2012-12-31 3.41 0.23 1.33

*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.
  • It is difficult to establish if Fishing Republic has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Fishing Republic has efficiently used its assets last year compared to the GB Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Fishing Republic improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Fishing Republic'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 Specialty Retail 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.
Fishing Republic has a total score of 0/6, 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.

Health

 How is Fishing Republic'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 Fishing Republic's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fishing Republic is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fishing Republic has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fishing Republic'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 7x 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 Fishing Republic Company Filings, last reported 6 months ago.

AIM:FISH Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 3.50 0.50 0.52
2018-03-31 3.50 0.50 0.52
2017-12-31 4.63 0.00 0.36
2017-09-30 4.63 0.00 0.36
2017-06-30 6.75 0.00 0.68
2017-03-31 6.75 0.00 0.68
2016-12-31 6.84 0.00 2.06
2016-09-30 6.84 0.00 2.06
2016-06-30 6.64 0.33 3.91
2016-03-31 6.64 0.33 3.91
2015-12-31 2.93 0.35 0.65
2015-09-30 2.93 0.35 0.65
2015-06-30 2.33 0.28 0.68
2015-03-31 2.33 0.28 0.68
2014-12-31 1.25 0.39 0.05
2013-12-31
2012-12-31
  • Fishing Republic's level of debt (14.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Fishing Republic's debt level has increased without past 5-year debt data.
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.

  • Whilst loss making Fishing Republic has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Fishing Republic has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Fishing Republic'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. Fishing Republic 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.

Dividends

 What is Fishing Republic'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
0%
Current annual income from Fishing Republic dividends.
If you bought £2,000 of Fishing Republic shares you are expected to receive £0 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?
  • Unable to evaluate Fishing Republic's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fishing Republic's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AIM:FISH 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 708 Stocks 4.4%
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%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:FISH Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Fishing Republic has not reported any payouts.
  • Unable to verify if Fishing Republic's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fishing Republic's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fishing Republic has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Fishing Republic'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 Fishing Republic afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fishing Republic has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Fishing Republic'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
Daniel Quinn
AGE 51
TENURE AS CEO 0.3 years
CEO Bio

Mr. Daniel Quinn has been Chief Executive Officer of Fishing Republic plc since October 17, 2018. For the last six years, he has been Commercial Director of GO Outdoors, one of the UK's largest retailers of outdoor clothing and equipment, which became part of the JD Sports Group Plc in 2016. He served as Category Director of Produce at Tesco PLC since March 2010. He served as a Director of Global Business Units and Commercial Change Programmes at Tesco. He worked for Tesco PLC for over 20 years where he held a number of senior commercial positions, both in the UK and overseas, in Asia and Central Europe.

CEO Compensation
  • Insufficient data for Daniel to compare compensation growth.
  • Insufficient data for Daniel to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Steve Kyriacou

TITLE
COO & Director
AGE
45
TENURE
0.8 yrs

Steve Gross

TITLE
Executive Director
AGE
47

Daniel Quinn

TITLE
Chief Executive Officer
AGE
51
TENURE
0.3 yrs

Christopher Rigg

TITLE
Group Financial Controller & Head of Finance

Jonathan Walker

TITLE
Head of Merchandising & Buying

Wayne Cooper

TITLE
Head of Logistics

Andrew Smith

TITLE
Head of Retail
Board of Directors

James Newman

TITLE
Non-Executive Chairman
AGE
68

Steve Kyriacou

TITLE
COO & Director
AGE
45
TENURE
0.8 yrs

Steve Gross

TITLE
Executive Director
AGE
47

Ed McDermott

TITLE
Independent Non-Executive Director
AGE
36

Iain McDonald

TITLE
Independent Non-Executive Director
AGE
48
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
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Management checks
We assess Fishing Republic'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. Fishing Republic 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.

News

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Simply Wall St News

Fishing Republic plc (LON:FISH): How Does It Impact Your Portfolio?

If you are looking to invest in Fishing Republic plc’s (LON:FISH), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … Different characteristics of a stock expose it to various levels of market risk. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

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Who Are The Major Shareholders In Fishing Republic plc (LON:FISH)?

In this article, I will take a quick look at Fishing Republic plc’s (AIM:FISH) recent ownership structure – an unconventional investing subject, but an important one. … Private Company Ownership Potential investors in FISH should also look at another important group of investors: private companies, with a stake of 0.019%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Should You Be Tempted To Sell Fishing Republic plc (LON:FISH) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for FISH Price per share = £0.08 Earnings per share = £0.003 ∴ Price-Earnings Ratio = £0.08 ÷ £0.003 = 31x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with FISH, then FISH’s P/E would naturally be higher since investors would reward FISH’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with FISH, FISH’s P/E would again be higher since investors would reward FISH’s lower risk with a higher price as well.

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With A -63.07% Earnings Drop, Is Fishing Republic plc's (LON:FISH) A Concern?

Measuring Fishing Republic plc's (AIM:FISH) track record of past performance is an insightful exercise for investors. … Below, I will assess FISH's recent performance announced on 30 June 2017 and compare these figures to its historical trend and industry movements. … For Fishing Republic, its most recent earnings (trailing twelve month) is UK£100.86K, which, relative to last year’s level, has sunken by a significant -63.07%.

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Is Fishing Republic plc (LON:FISH) As Strong As Its Balance Sheet Indicates?

The direct benefit for Fishing Republic plc (AIM:FISH), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … See our latest analysis for Fishing Republic Is financial flexibility worth the lower cost of capital? … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

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Why You Need To Look At This Factor Before Buying Fishing Republic plc (LON:FISH)

There are two types of risks that affect the market value of a listed company such as FISH. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

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Who Owns Fishing Republic plc (LON:FISH)?

Private Company Ownership Potential investors in FISH should also look at another important group of investors: private companies, with a stake of 0.019%, who are primarily invested because of strategic and capital gain interests. … However, an ownership of this size may be relatively insignificant, meaning that these shareholders may not have the potential to influence FISH's business strategy. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Fishing Republic plc (LON:FISH): Can It Deliver A Superior ROE To The Industry?

View our latest analysis for Fishing Republic Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … This means Fishing Republic’s returns actually do not cover its own cost of equity, with a discrepancy of -6.80%. … Currently Fishing Republic has virtually no debt, which means its returns are predominantly driven by equity capital.

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Is Fishing Republic plc (LON:FISH) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for FISH Price per share = £0.14 Earnings per share = £0.003 ∴ Price-Earnings Ratio = £0.14 ÷ £0.003 = 53.7x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with FISH, then investors would naturally value FISH at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with FISH, investors would also value FISH at a higher price since it is a higher growth investment.

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Should You Be Concerned About Fishing Republic plc's (LON:FISH) -63.07% Earnings Decline?

In this article, I will take a look at Fishing Republic plc's (AIM:FISH) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … See our latest analysis for Fishing Republic Did FISH perform worse than its track record and industry? … This implies that Fishing Republic has been growing expenses, which is hurting margins and earnings, and is not a sustainable practice.

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Company Info

Map
Description

Fishing Republic plc operates as a retailer of fishing tackle. It provides a range of approximately 16,500 product lines to support various types of fishing, including carp, coarse, fly, game, predator, and sea. The company offers alarms and indicators, baits, bait buckets, baiting accessories, bait tubs and accessories, barrows and accessories, bedchairs and chairs, brollies, bivvies, clearance and clothing products, cookware and fish care products, gadgets, luggage, mainlines, media and metalware products, floats, nets and handles, reels, rods, terminal tackles, weigh scales, poles, seatboxes and transport products, footwear, hooks and rigs, flies, leaders, terminal tackles, tying hooks, tying kits and materials, tying tools and vices, waders and wading boots, lures, barbels, and kits. It operates 19 retail outlets in the United Kingdom, including Rotherham, Manchester, Barnsley, Doncaster, Hull, Sheffield, Sunderland, Swindon, Birmingham, Crewe, Lincoln, Mildenhall, Gloucester, Clavering, Kings Lynn, Reading, Milton Keynes, Huntingdon, and Ipswich. The company also markets its products through third party online retailers and its own Websites. Fishing Republic plc was founded in 1985 and is headquartered in Rotherham, the United Kingdom.

Details
Name: Fishing Republic plc
FISH
Exchange: AIM
Founded: 1985
£2,740,825
52,206,199
Website: http://www.fishingrepublic.co.uk
Address: Fishing Republic plc
Vulcan Works,
Chesterton Road,
Rotherham,
South Yorkshire, S65 1SU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM FISH Ordinary Shares London Stock Exchange AIM Market GB GBP 04. Jun 2015
Number of employees
Current staff
Staff numbers
133
Fishing Republic employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/13 22:32
End of day share price update: 2018/10/16 00:00
Last estimates confirmation: 2018/05/30
Last earnings filing: 2018/09/27
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.