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Findel

LSE:FDL
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FDL
LSE
£626M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Findel plc supplies general merchandise to the home and education sectors in the United Kingdom, Europe, Asia, and internationally. The last earnings update was 11 days ago. More info.


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  • Findel has significant price volatility in the past 3 months.
FDL Share Price and Events
7 Day Returns
6.9%
LSE:FDL
1.8%
GB Online Retail
0.4%
GB Market
1 Year Returns
-13%
LSE:FDL
-15%
GB Online Retail
-3.7%
GB Market
FDL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Findel (FDL) 6.9% 25.6% 60.5% -13% 73.4% -2.3%
GB Online Retail 1.8% -7.1% 1.7% -15% 79.3% 73%
GB Market 0.4% 0.3% 1.6% -3.7% 19% 3.4%
1 Year Return vs Industry and Market
  • FDL outperformed the Online Retail industry which returned -15% over the past year.
  • FDL underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.7% over the past year.
Price Volatility
FDL
Industry
5yr Volatility vs Market

FDL Value

 Is Findel 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 Findel 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 Findel.

LSE:FDL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:FDL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.662 (1 + (1- 19%) (43.28%))
1.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.834 * 6.65%)
13.43%

Discounted Cash Flow Calculation for LSE:FDL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Findel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:FDL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 13.43%)
2019 -0.90 Analyst x1 -0.79
2020 7.00 Analyst x1 5.44
2021 11.60 Analyst x1 7.95
2022 15.66 Est @ 35.01% 9.46
2023 19.56 Est @ 24.88% 10.42
2024 23.04 Est @ 17.78% 10.82
2025 25.99 Est @ 12.82% 10.76
2026 28.42 Est @ 9.34% 10.37
2027 30.38 Est @ 6.91% 9.78
2028 31.96 Est @ 5.2% 9.07
Present value of next 10 years cash flows £83.27
LSE:FDL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £31.96 × (1 + 1.23%) ÷ (13.43% – 1.23%)
£265.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £265.20 ÷ (1 + 13.43%)10
£75.24
LSE:FDL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £83.27 + £75.24
£158.51
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £158.51 / 252.50
£0.63
LSE:FDL Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.63
Current discount Discount to share price of £2.48
= -1 x (£2.48 - £0.63) / £0.63
-295%

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

  • The current share price of Findel is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Findel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Findel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:FDL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-29) in GBP £0.27
LSE:FDL Share Price ** LSE (2019-06-14) in GBP £2.48
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PE Ratio Median Figure of 8 Publicly-Listed Online Retail Companies 32.03x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.17x

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

** Primary Listing of Findel.

LSE:FDL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:FDL Share Price ÷ EPS (both in GBP)

= 2.48 ÷ 0.27

9.19x

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

  • Findel is good value based on earnings compared to the GB Online Retail industry average.
  • Findel is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Findel's expected growth come at a high price?
Raw Data
LSE:FDL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
7.6%per year
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PEG Ratio Median Figure of 6 Publicly-Listed Online Retail Companies 1.76x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 576 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:FDL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.19x ÷ 7.6%

1.21x

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

  • Findel is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Findel's assets?
Raw Data
LSE:FDL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-29) in GBP £0.50
LSE:FDL Share Price * LSE (2019-06-14) in GBP £2.48
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PB Ratio Median Figure of 17 Publicly-Listed Online Retail Companies 4.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,371 Publicly-Listed Companies 1.48x
LSE:FDL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:FDL Share Price ÷ Book Value per Share (both in GBP)

= 2.48 ÷ 0.50

4.92x

* Primary Listing of Findel.

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

  • Findel is overvalued based on assets compared to the GB Online Retail industry average.
X
Value checks
We assess Findel'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 Online 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 Online Retail industry average (and greater than 0)? (1 check)
  5. Findel has a total score of 2/6, 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.

FDL Future Performance

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

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
7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Findel expected to grow at an attractive rate?
  • Findel's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Findel's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Findel's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:FDL Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:FDL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 7.6%
LSE:FDL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.6%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 29.1%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
LSE:FDL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:FDL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 555 41 28 2
2020-03-31 535 38 24 2
2019-03-31 508 35 21 4
LSE:FDL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-29 507 10 23
2018-12-29 495 10 26
2018-09-28 483 9 27
2018-06-28 481 6 23
2018-03-30 479 4 20
2017-12-30 473 -16
2017-09-29 469 2 -51
2017-06-29 463 2 -54
2017-03-31 457 2 -58
2016-09-30 432 -5 -2
2016-06-30 421 -4 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Findel's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
  • Findel's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
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
LSE:FDL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Findel Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:FDL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.32 0.32 0.32 2.00
2020-03-31 0.29 0.29 0.29 1.00
2019-03-31 0.25 0.26 0.22 3.00
LSE:FDL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-29 0.27
2018-12-29 0.30
2018-09-28 0.32
2018-06-28 0.27
2018-03-30 0.23
2017-12-30 -0.19
2017-09-29 -0.59
2017-06-29 -0.63
2017-03-31 -0.67
2016-09-30 -0.02
2016-06-30 -0.02

*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.
  • Findel is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Findel'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.
Findel has a total score of 2/6, 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.

FDL Past Performance

  How has Findel 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 Findel's growth in the last year to its industry (Online 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.
  • Findel's year on year earnings growth rate has been positive over the past 5 years.
  • Findel's 1-year earnings growth exceeds its 5-year average (21.4% vs 10.5%)
  • Findel's earnings growth has exceeded the GB Online Retail industry average in the past year (21.4% vs 19.3%).
Earnings and Revenue History
Findel'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 Findel Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:FDL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-29 506.81 23.29 211.17
2018-12-29 495.48 25.52 182.33
2018-09-28 482.67 27.28 148.68
2018-06-28 480.81 23.43 150.10
2018-03-30 478.96 19.58 151.52
2017-12-30 472.99 -16.07 151.81
2017-09-29 468.51 -51.26 156.90
2017-06-29 462.77 -54.48 156.66
2017-03-31 457.03 -57.71 156.43
2016-09-30 432.29 -1.59 155.13
2016-06-30 421.45 -1.59 157.47
2016-03-25 410.60 -1.59 159.82
2015-09-25 406.09 -4.58 156.46
2015-06-25 406.51 -4.69 155.36
2015-03-27 406.93 -4.80 154.25
2014-12-27 411.86 0.41 155.56
2014-09-26 416.80 5.62 156.86
2014-06-26 442.52 4.70 172.75
2014-03-28 468.23 3.79 188.63
2013-09-27 503.20 9.02 216.25
2013-06-27 497.22 5.30 215.63
2013-03-29 491.23 1.59 215.02
2012-09-28 438.14 -12.45 205.94
2012-06-28 449.59 -9.25 207.09

*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.
  • Whilst Findel made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Findel used its assets more efficiently than the GB Online Retail industry average last year based on Return on Assets.
  • Findel has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Findel'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 Online 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.
Findel has a total score of 5/6, 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.

FDL Health

 How is Findel'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 Findel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Findel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Findel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Findel'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 1.2x 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 Findel Company Filings, last reported 2 months ago.

LSE:FDL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-29 43.52 271.04 37.60
2018-12-29 43.52 271.04 37.60
2018-09-28 34.30 257.78 19.07
2018-06-28 34.30 257.78 19.07
2018-03-30 39.68 258.57 26.25
2017-12-30 39.68 258.57 26.25
2017-09-29 23.68 257.97 19.96
2017-06-29 23.68 257.97 19.96
2017-03-31 16.70 254.15 29.17
2016-09-30 68.73 245.78 19.08
2016-06-30 68.73 245.78 19.08
2016-03-25 78.88 251.09 34.41
2015-09-25 80.35 245.40 36.05
2015-06-25 80.35 245.40 36.05
2015-03-27 82.71 245.02 38.47
2014-12-27 82.71 245.02 38.47
2014-09-26 92.78 254.98 30.36
2014-06-26 92.78 254.98 30.36
2014-03-28 111.65 231.22 24.27
2013-09-27 105.65 262.21 25.53
2013-06-27 105.65 262.21 25.53
2013-03-29 100.47 259.18 27.97
2012-09-28 89.96 282.28 30.22
2012-06-28 89.96 282.28 30.22
  • Findel's level of debt (622.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (208.4% vs 622.8% today).
  • Debt is not well covered by operating cash flow (3.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Findel'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. Findel has a total score of 3/6, 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.

FDL Dividends

 What is Findel'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 Findel dividends. Estimated to be 0% next year.
If you bought £2,000 of Findel 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 Findel's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Findel'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
LSE:FDL 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
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 5.4%

Industry and Market average data is calculated daily.

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

LSE:FDL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31 0.00 2.00
2019-03-31 0.00 2.00
LSE:FDL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2010-07-20 0.000 0.000
2009-12-03 0.000 0.000
2009-07-24 0.000 0.000

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

  • Unable to perform a dividend volatility check as Findel has not reported any payouts.
  • Unable to verify if Findel's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Findel's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Findel has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Findel's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Findel'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 Findel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Findel 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.

FDL Management

 What is the CEO of Findel'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
Phil Maudsley
COMPENSATION £864,000
AGE 57
TENURE AS CEO 2.2 years
CEO Bio

Mr. Philip B. Maudsley, also known as Phil, has been Chief Executive at Findel plc since April 6, 2017. Mr. Maudsley served as the Managing Director of Home Shopping Business at Findel plc since September 15, 2010. He served as the Chief Executive Officer of Findel plc since December 2009. Mr. Maudsley served as Group Managing Director of Findel plc since December 2, 2004 and as its Chief Operating Officer since May 2006. He joined Findel PLC in 1987. Mr. Maudsley has been an Executive Director of Findel PLC April 6, 2004.

CEO Compensation
  • Phil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Phil's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Findel management team in years:

2.2
Average Tenure
  • The tenure for the Findel management team is about average.
Management Team

Phil Maudsley

TITLE
Group CEO & Executive Director
COMPENSATION
£864K
AGE
57
TENURE
2.2 yrs

Stuart Caldwell

TITLE
Group CFO & Director
COMPENSATION
£418K
AGE
46
TENURE
2.2 yrs

Arthur Alexion

TITLE
Deputy Managing Director

Paul Kendrick

TITLE
Managing Director of Express Gifts
TENURE
2.2 yrs

Mark Ashcroft

TITLE
Company Secretary
TENURE
8.4 yrs

Chris Mahady

TITLE
Managing Director of Findel Education
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the Findel board of directors in years:

2.2
Average Tenure
55
Average Age
  • The average tenure for the Findel board of directors is less than 3 years, this suggests a new board.
Board of Directors

M. Burke

TITLE
Non-Executive Chairman
COMPENSATION
£151K
AGE
62
TENURE
2.4 yrs

Phil Maudsley

TITLE
Group CEO & Executive Director
COMPENSATION
£864K
AGE
57
TENURE
15.2 yrs

Stuart Caldwell

TITLE
Group CFO & Director
COMPENSATION
£418K
AGE
46
TENURE
1.9 yrs

Bill Grimsey

TITLE
Non-Executive Director
COMPENSATION
£49K
AGE
65
TENURE
7.3 yrs

Greg Ball

TITLE
Senior Independent Director
COMPENSATION
£49K
AGE
55
TENURE
0.9 yrs

Elaine O’Donnell

TITLE
Independent Non-Executive Director
COMPENSATION
£7K
AGE
46
TENURE
1.3 yrs

Francois-Regis Coumau

TITLE
Non-Executive Director
COMPENSATION
£39K
AGE
46
TENURE
5.8 yrs

Clare Askem

TITLE
Independent Non-Executive Director
TENURE
0.3 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 (£)
03. May 19 Buy Lombard Odier Asset Management (Europe) Limited Company 02. May 19 02. May 19 3,329 £1.70 £5,659
26. Apr 19 Buy Lombard Odier Asset Management (Europe) Limited Company 25. Apr 19 25. Apr 19 5,243 £1.67 £8,756
25. Apr 19 Buy Lombard Odier Asset Management (Europe) Limited Company 24. Apr 19 24. Apr 19 1,129 £1.70 £1,919
24. Apr 19 Buy Lombard Odier Asset Management (Europe) Limited Company 23. Apr 19 23. Apr 19 3,629 £1.71 £6,192
10. Apr 19 Buy Schroder Investment Management Limited Company 09. Apr 19 09. Apr 19 25,000 £1.63 £40,750
09. Apr 19 Buy Schroder Investment Management Limited Company 08. Apr 19 08. Apr 19 25,000 £1.63 £40,750
18. Mar 19 Sell Legal & General Investment Management Limited Company 15. Mar 19 15. Mar 19 -2,303 £1.55 £-3,570
08. Mar 19 Sell Legal & General Investment Management Limited Company 07. Mar 19 07. Mar 19 -3,696 £1.68 £-6,209
07. Mar 19 Buy Lombard Odier Asset Management (Europe) Limited Company 06. Mar 19 06. Mar 19 16,520 £1.72 £28,380
05. Mar 19 Sell Lombard Odier Asset Management (Europe) Limited Company 04. Mar 19 04. Mar 19 -168,349 £1.60 £-269,424
05. Mar 19 Buy Teviot Partners LLP Company 04. Mar 19 04. Mar 19 100,000 £1.73 £173,450
04. Mar 19 Buy Stuart Caldwell Individual 01. Mar 19 01. Mar 19 6,089 £1.64 £9,998
31. Jan 19 Buy Stuart Caldwell Individual 31. Jan 19 31. Jan 19 10,543 £1.89 £19,893
28. Nov 18 Buy Francois-Regis Coumau Individual 27. Nov 18 27. Nov 18 21,755 £2.29 £49,747
28. Nov 18 Buy Stuart Caldwell Individual 28. Nov 18 28. Nov 18 10,907 £2.28 £24,868
28. Nov 18 Buy Philip Maudsley Individual 28. Nov 18 28. Nov 18 53,830 £2.31 £124,347
28. Nov 18 Buy M. Burke Individual 28. Nov 18 28. Nov 18 20,000 £2.25 £45,060
28. Nov 18 Buy William Grimsey Individual 28. Nov 18 28. Nov 18 22,064 £2.25 £49,644
26. Jul 18 Buy Stuart Caldwell Individual 26. Jul 18 26. Jul 18 16,636 £2.99 £49,742
X
Management checks
We assess Findel'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. Findel 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.

FDL News

Simply Wall St News

Imagine Owning Findel And Wondering If The 39% Share Price Slide Is Justified

By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over five years Findel improved its earnings per share from a loss-making position. … In contrast to the share price, revenue has actually increased by 1.7% a year in the five year period.

Simply Wall St -

Why Findel plc’s (LON:FDL) Use Of Investor Capital Doesn’t Look Great

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Have Investors Priced In Findel plc's (LON:FDL) Growth?

Growth expectations for Findel plc (LON:FDL) are high, but many investors are starting to ask whether its last close at £2.2 can still be rationalized by the future potential. … Let’s look into this by assessing FDL's expected growth over the next few years. … Analysts are predicting good growth prospects for Findel over the next couple of years

Simply Wall St -

Findel plc (LON:FDL): Immense Growth Potential?

The latest earnings announcement Findel plc (LON:FDL) released in March 2018 … finally turned profitable … negative earnings

Simply Wall St -

Is Findel plc's (LON:FDL) PE Ratio A Signal To Buy For Investors?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While FDL might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will explain what the P/E ratio is as well as what you should look out for when using it

Simply Wall St -

Want To Invest In Findel plc (LON:FDL)? Here's How It Performed Lately

For long term investors, improvement in profitability and outperformance against the industry can be important characteristics in a stock. … In this article, I will take a look at Findel plc's (LON:FDL) 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. … Did FDL perform better than its track record and industry.

Simply Wall St -

Can Findel plc's (LON:FDL) ROE Continue To Surpass The Industry Average?

and want to learn about Return on Equity using a real-life example. … This can be measured by looking at the company’s financial leverage. … However, ROE only measures returns against equity, not debt.

Simply Wall St -

Findel plc (LON:FDL): What We Can Expect From This Growth Stock

In March 2018, Findel plc (LON:FDL) released its earnings update. … as a 17.48% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of -37.16%

Simply Wall St -

Findel plc (LON:FDL): Is Growth Priced In?

Looking at Findel plc’s (LON:FDL) fundamentals some investors are wondering if its last closing price of £2.84 represents a good value for money for this high growth stock. … See our latest analysis for Findel? … Analysts are predicting good growth prospects for Findel over the next couple of years

Simply Wall St -

Findel plc (LON:FDL): What Are The Future Prospects?

The latest earnings release Findel plc's (LON:FDL) announced in March 2018 … finally turned profitable

Simply Wall St -

FDL Company Info

Description

Findel plc supplies general merchandise to the home and education sectors in the United Kingdom, Europe, Asia, and internationally. It operates through Express Gifts and Education segments. The Express Gifts segment engages in the sale various products covering leisurewear, electrical, household, textile, bedding, furniture, nursery products, gifts, and greeting cards through online and through catalogue in the United Kingdom. The Education segment supplies educational resources to schools, nurseries, and other educational establishments under Findel Education brand. The company was formerly known as Fine Art Developments plc and changed its name to Findel plc in 2000. Findel plc was founded in 1955 and is headquartered in Accrington, the United Kingdom.

Details
Name: Findel plc
FDL
Exchange: LSE
Founded: 1955
£626,192,364
252,496,921
Website: http://www.findel.co.uk
Address: Findel plc
Church Bridge House,
Henry Street,
Accrington,
Lancashire, BB5 4EE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE FDL Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
BATS-CHIXE FDLl Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,871
Findel employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 20:40
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/05
Last earnings filing: 2019/06/05
Last earnings reported: 2019/03/29
Last annual earnings reported: 2019/03/29


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.