AIM:TENG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Ten Lifestyle Group Plc provides concierge services to private banks, retail banks, premium payment card providers, and high-net-worth individuals in Europe, the Middle East, Africa, North and South America, and the Asia-Pacific Region. More Details

Rewards

Trading at 59.9% below our estimate of its fair value

Earnings are forecast to grow 97.42% per year

Risk Analysis

No risks detected for TENG from our risk checks.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Ten Lifestyle Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

4.9%

TENG

-7.5%

GB Online Retail

-2.3%

GB Market


1 Year Return

15.0%

TENG

72.6%

GB Online Retail

1.1%

GB Market

Return vs Industry: TENG underperformed the UK Online Retail industry which returned 70.6% over the past year.

Return vs Market: TENG exceeded the UK Market which returned -0.2% over the past year.


Shareholder returns

TENGIndustryMarket
7 Day4.9%-7.5%-2.3%
30 Day20.8%-8.9%-0.1%
90 Day14.4%7.0%4.2%
1 Year15.0%15.0%72.6%72.6%7.1%1.1%
3 Year-31.7%-31.7%67.6%66.0%9.7%-3.4%
5 Yearn/a222.3%207.5%36.9%10.5%

Long-Term Price Volatility Vs. Market

How volatile is Ten Lifestyle Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ten Lifestyle Group 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: TENG (£1.08) is trading below our estimate of fair value (£2.68)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TENG is good value based on its PB Ratio (5.7x) compared to the GB Online Retail industry average (6.3x).


Next Steps

Future Growth

How is Ten Lifestyle Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

97.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: TENG's revenue (10.7% per year) is forecast to grow faster than the UK market (7.3% per year).

High Growth Revenue: TENG's revenue (10.7% 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 TENG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Ten Lifestyle Group performed over the past 5 years?

-18.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TENG is currently unprofitable.

Growing Profit Margin: TENG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TENG is unprofitable, and losses have increased over the past 5 years at a rate of 18.3% per year.

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

Earnings vs Industry: TENG is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (30.7%).


Return on Equity

High ROE: TENG has a negative Return on Equity (-45.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ten Lifestyle Group's financial position?


Financial Position Analysis

Short Term Liabilities: TENG's short term assets (£18.0M) exceed its short term liabilities (£15.8M).

Long Term Liabilities: TENG's short term assets (£18.0M) exceed its long term liabilities (£3.7M).


Debt to Equity History and Analysis

Debt Level: TENG's debt to equity ratio (6.6%) is considered satisfactory.

Reducing Debt: TENG's debt to equity ratio has reduced from 104% to 6.6% 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: Whilst unprofitable TENG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TENG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5.8% per year.


Next Steps

Dividend

What is Ten Lifestyle Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

2.1yrs

Average management tenure


CEO

Alex Cheatle

no data

Tenure

UK£306,000

Compensation

Mr. Alexander John Cheatle also known as Alex, serves as Co-Founder of Ten Group in 1998 and serves as its Chief Executive Officer. Mr. Cheatle joined Procter and Gamble where he was eventually responsible...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD432.27K) is about average for companies of similar size in the UK market ($USD339.59K).

Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Alexander Cheatle
Co-Founderno dataUK£306.00k13.79%
£ 12.0m
Andrew Long
Co-Founderno dataUK£287.00k4.94%
£ 4.3m
Alan Donald
CFO & Executive Director1.67yrsUK£194.00k0.12%
£ 107.9k
Sarah Hornbuckle
Director of Client Services - EMEA & Directorno dataUK£94.50k0.88%
£ 768.6k
Toby Gauvain
President2.08yrsno data0.49%
£ 426.3k
Francesco de Marchis
Chief Technology Officer & Chief Commercial Officer2.42yrsno datano data
Kerry Anderson
Global Head of Brand Marketing & Communicationsno datano datano data
Sally Crimes
Chief Product Officer3.08yrsno datano data
Malcolm Berry
President of Americasno dataUK£632.00kno data
Victoria Carvalho
Managing Director of Proposition & Employee Loyaltyno datano datano data
Jane Davenport
Head of Content & Editorial Americas2yrsno datano data
Jeanne Cheung
Head of Content & Editorial APAC2yrsno datano data

2.1yrs

Average Tenure

Experienced Management: TENG's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alexander Cheatle
Co-Founderno dataUK£306.00k13.79%
£ 12.0m
Andrew Long
Co-Founderno dataUK£287.00k4.94%
£ 4.3m
Alan Donald
CFO & Executive Director1.67yrsUK£194.00k0.12%
£ 107.9k
Sarah Hornbuckle
Director of Client Services - EMEA & Directorno dataUK£94.50k0.88%
£ 768.6k
Gillian Davies
Independent Non-Executive Director3.33yrsUK£39.75k0.049%
£ 43.0k
Bruce Weatherill
Independent Non-Executive Chairman3.33yrsUK£53.75k0.99%
£ 860.0k
Julian Pancholi
Independent Non-Executive Director3.33yrsUK£39.75k0.086%
£ 75.3k

3.3yrs

Average Tenure

54yo

Average Age

Experienced Board: TENG's board of directors are considered experienced (3.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ten Lifestyle Group Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ten Lifestyle Group Plc
  • Ticker: TENG
  • Exchange: AIM
  • Founded: 1998
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: UK£87.015m
  • Shares outstanding: 80.94m
  • Website: https://www.tenlifestylegroup.com

Number of Employees


Location

  • Ten Lifestyle Group Plc
  • Fitzroy House
  • 2nd Floor
  • London
  • Greater London
  • NW1 3AL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TENGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2017

Biography

Ten Lifestyle Group Plc provides concierge services to private banks, retail banks, premium payment card providers, and high-net-worth individuals in Europe, the Middle East, Africa, North and South Americ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 20:27
End of Day Share Price2021/02/26 00:00
Earnings2020/08/31
Annual Earnings2020/08/31


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.