at Home Group
Market Cap
UK£1.3b
Last Updated
2020/03/29 23:08 UTC
Data Sources
Company Financials +
Executive Summary
Pets at Home Group Plc, through its subsidiaries, operates as a specialist retailer of pet food, pet related products, and pet accessories in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with adequate balance sheet.
Share Price & News
How has at Home Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PETS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.8%
PETS
10.6%
GB Specialty Retail
6.2%
GB Market
1 Year Return
58.3%
PETS
-29.4%
GB Specialty Retail
-22.7%
GB Market
Return vs Industry: PETS exceeded the UK Specialty Retail industry which returned -29.4% over the past year.
Return vs Market: PETS exceeded the UK Market which returned -22.7% over the past year.
Shareholder returns
| PETS | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.8% | 10.6% | 6.2% |
| 30 Day | -2.5% | -31.9% | -17.8% |
| 90 Day | -9.1% | -41.4% | -27.7% |
| 1 Year | 64.4%58.3% | -27.1%-29.4% | -18.6%-22.7% |
| 3 Year | 58.8%37.5% | -32.0%-38.6% | -13.4%-24.6% |
| 5 Year | 18.6%-2.8% | -33.1%-43.6% | 1.3%-22.0% |
Price Volatility Vs. Market
How volatile is at Home Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Is at Home Group's (LON:PETS) P/E Ratio After Its Share Price Tanked?3 weeks ago | Simply Wall St
Is Pets at Home Group Plc's (LON:PETS) 5.5% ROE Worse Than Average?1 month ago | Simply Wall St
Do Institutions Own Pets at Home Group Plc (LON:PETS) Shares?Valuation
Is at Home Group undervalued compared to its fair value and its price relative to the market?
32.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PETS (£2.51) is trading below our estimate of fair value (£3.69)
Significantly Below Fair Value: PETS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PETS is poor value based on its PE Ratio (25.2x) compared to the Specialty Retail industry average (7.8x).
PE vs Market: PETS is poor value based on its PE Ratio (25.2x) compared to the UK market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: PETS is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: PETS is overvalued based on its PB Ratio (1.4x) compared to the GB Specialty Retail industry average (0.7x).
Next Steps
Future Growth
How is at Home Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
15.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PETS's forecast earnings growth (15% per year) is above the savings rate (0.5%).
Earnings vs Market: PETS's earnings (15% per year) are forecast to grow slower than the UK market (15.4% per year).
High Growth Earnings: PETS's earnings are forecast to grow, but not significantly.
Revenue vs Market: PETS's revenue (4.2% per year) is forecast to grow faster than the UK market (2.6% per year).
High Growth Revenue: PETS's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PETS's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has at Home Group performed over the past 5 years?
-2.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PETS has high quality earnings.
Growing Profit Margin: PETS's current net profit margins (4.9%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: PETS's earnings have declined by -2.3% per year over the past 5 years.
Accelerating Growth: PETS's earnings growth over the past year (35.9%) exceeds its 5-year average (-2.3% per year).
Earnings vs Industry: PETS earnings growth over the past year (35.9%) exceeded the Specialty Retail industry 1.5%.
Return on Equity
High ROE: PETS's Return on Equity (5.5%) is considered low.
Next Steps
Financial Health
How is at Home Group's financial position?
Financial Position Analysis
Short Term Liabilities: PETS's short term assets (£185.7M) do not cover its short term liabilities (£285.4M).
Long Term Liabilities: PETS's short term assets (£185.7M) do not cover its long term liabilities (£591.0M).
Debt to Equity History and Analysis
Debt Level: PETS's debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: PETS's debt to equity ratio has reduced from 41.7% to 19.8% over the past 5 years.
Debt Coverage: PETS's debt is well covered by operating cash flow (82%).
Interest Coverage: PETS's interest payments on its debt are well covered by EBIT (8.2x coverage).
Balance Sheet
Inventory Level: PETS has a high level of physical assets or inventory.
Debt Coverage by Assets: PETS's debt is covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is at Home Group's current dividend yield, its reliability and sustainability?
2.99%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PETS's dividend (2.99%) is higher than the bottom 25% of dividend payers in the UK market (2.7%).
High Dividend: PETS's dividend (2.99%) is low compared to the top 25% of dividend payers in the UK market (7.3%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PETS has been paying a dividend for less than 10 years.
Growing Dividend: PETS's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.2%), PETS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PETS's dividends in 3 years are forecast to be well covered by earnings (47.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Peter Pritchard
1.92s
Tenure
UK£967,988
Compensation
Mr. Peter Pritchard is Group Chief Executive Officer at Pets at Home Group Plc since April 27, 2018 and its Director since 2018. He has been Chief Executive Officer - Vet Group of Pets at Home Group Plc si ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD1.20M) is below average for companies of similar size in the UK market ($USD1.93M).
Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 1.92yrs | UK£967.99k | 0.57% £7.1m | |
| Group CFO & Executive Director | 3.42yrs | UK£697.68k | 0.026% £325.9k | |
| Chief Information Officer | 1yr | no data | no data | |
| Director of Investor Relations & Corporate Affairs | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief People & Legal Officer and Company Secretary | 3.17yrs | no data | 0.038% £479.2k | |
| Head of Media & Public Affairs | no data | no data | no data | |
| Chief Data Officer | 1.33yrs | no data | no data | |
| Retail Chief Operating Officer | 1.17yrs | no data | no data | |
| Chief Operating Officer of Vet Group | 0.83yr | no data | no data |
1.3yrs
Average Tenure
Experienced Management: PETS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 1.92yrs | UK£967.99k | 0.57% £7.1m | |
| Group CFO & Executive Director | 3.42yrs | UK£697.68k | 0.026% £325.9k | |
| Independent Non-Executive Director | 2.67yrs | UK£50.00k | 0.0060% £75.3k | |
| Deputy Chairman & Senior Independent Non-Executive Director | 6yrs | UK£70.00k | 0.0060% £75.3k | |
| Non-Executive Chairman | 6yrs | UK£200.00k | 0.74% £9.3m | |
| Independent Non-Executive Director | 6yrs | UK£60.00k | 0.0055% £68.9k | |
| Independent Non-Executive Director | 2.67yrs | UK£60.00k | 0.012% £150.9k | |
| Independent Non-Executive Director | 1.67yrs | UK£46.15k | no data |
3.0yrs
Average Tenure
60.5yo
Average Age
Experienced Board: PETS's board of directors are considered experienced (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
Pets at Home Group Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pets at Home Group Plc
- Ticker: PETS
- Exchange: LSE
- Founded: 1991
- Industry: Specialty Stores
- Sector: Retail
- Market Cap: UK£1.255b
- Shares outstanding: 500.00m
- Website: https://investors.petsathome.com
Number of Employees
Location
- Pets at Home Group Plc
- Epsom Avenue
- Stanley Green Trading Estate
- Handforth
- Cheshire
- SK9 3RN
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PETS | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Mar 2014 |
| 6P8 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2014 |
| PETSL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Mar 2014 |
| PAHG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2014 |
| 6P8 | BRSE (Berne Stock Exchange) | Yes | Ordinary Shares | CH | CHF | Mar 2014 |
Biography
Pets at Home Group Plc, through its subsidiaries, operates as a specialist retailer of pet food, pet related products, and pet accessories in the United Kingdom. The company offers a range of diets for dogs, cats, small mammals, fish, reptiles, and birds. It also provides pet accessories, including collars, leads and harnesses, bedding, housing, feeding, health and hygiene, travel, training, and enrichment products for dogs, cats, small mammals, fish, birds, and reptiles. In addition, the company offers pet insurance; and grooming services, such as grooming, baths, microchipping, and nail clipping services. Further, it offers veterinary services under the Vets4Pets names; and operates pet grooming salons under the Groom Room and Barkers names, as well as water test, first opinion veterinary practice, veterinary surgery, and specialist referral veterinary center services. The company provides its products and services through 448 superstores, 461 practices, 4 veterinary specialist referral centers, and 309 grooming salons. It also provides products and services through its Website. Pets at Home Group Plc was founded in 1991 and is based in Handforth, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/29 23:08 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/10/10 |
| Annual Earnings | 2019/03/28 |
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.