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at Home Group

LSE:PETS
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PETS
LSE
£730M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

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 last earnings update was 145 days ago. More info.


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PETS Share Price and Events
7 Day Returns
4.2%
LSE:PETS
4%
GB Specialty Retail
0.6%
GB Market
1 Year Returns
-7.1%
LSE:PETS
-5.1%
GB Specialty Retail
1.1%
GB Market
PETS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
at Home Group (PETS) 4.2% -7.4% 16.3% -7.1% -40.1% -33.8%
GB Specialty Retail 4% 7.4% 12.9% -5.1% -19% -21.5%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • PETS underperformed the Specialty Retail industry which returned -5.1% over the past year.
  • PETS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
PETS
Industry
5yr Volatility vs Market

PETS Value

 Is at Home Group 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 at Home Group 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 at Home Group.

LSE:PETS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:PETS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.865 (1 + (1- 19%) (26.4%))
1.034
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.034 * 6.65%)
8.1%

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

The calculations below outline how an intrinsic value for at Home Group 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:PETS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.1%)
2019 54.00 Analyst x1 49.95
2020 54.34 Analyst x3 46.50
2021 60.15 Analyst x3 47.62
2022 72.00 Analyst x1 52.72
2023 79.00 Analyst x1 53.51
2024 86.00 Analyst x1 53.89
2025 91.41 Est @ 6.3% 52.99
2026 95.78 Est @ 4.77% 51.36
2027 99.33 Est @ 3.71% 49.27
2028 102.28 Est @ 2.97% 46.93
Present value of next 10 years cash flows £504.75
LSE:PETS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £102.28 × (1 + 1.23%) ÷ (8.1% – 1.23%)
£1,506.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,506.03 ÷ (1 + 8.1%)10
£691.06
LSE:PETS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £504.75 + £691.06
£1,195.81
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,195.81 / 500.00
£2.39
LSE:PETS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.39
Current discount Discount to share price of £1.46
= -1 x (£1.46 - £2.39) / £2.39
39%

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

Current Discount
Amount off the current price at Home Group is available for.
Intrinsic value
39%
Share price is £1.46 vs Future cash flow value of £2.39
Current Discount Checks
For at Home Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • at Home Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • at Home Group's share price is below the future cash flow value, but not 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 at Home Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are at Home Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:PETS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-11) in GBP £0.07
LSE:PETS Share Price ** LSE (2019-04-18) in GBP £1.46
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 26 Publicly-Listed Specialty Retail Companies 12.32x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of at Home Group.

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

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

= 1.46 ÷ 0.07

19.97x

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

  • at Home Group is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • at Home Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does at Home Group's expected growth come at a high price?
Raw Data
LSE:PETS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
8.1%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 1.36x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.97x ÷ 8.1%

2.48x

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

  • at Home Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on at Home Group's assets?
Raw Data
LSE:PETS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-11) in GBP £1.78
LSE:PETS Share Price * LSE (2019-04-18) in GBP £1.46
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 39 Publicly-Listed Specialty Retail Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:PETS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.46 ÷ 1.78

0.82x

* Primary Listing of at Home Group.

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

  • at Home Group is good value based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess at Home Group'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. at Home Group 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.

PETS Future Performance

 How is at Home Group expected to perform in the next 1 to 3 years based on estimates from 7 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
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is at Home Group expected to grow at an attractive rate?
  • at Home Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • at Home Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • at Home Group'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:PETS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:PETS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 8.1%
LSE:PETS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:PETS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:PETS Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,106 127 85 1
2023-03-31 1,074 120 80 1
2022-03-31 1,040 113 75 2
2021-03-31 1,006 103 72 6
2020-03-31 980 90 68 7
2019-03-31 950 86 68 7
LSE:PETS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-10-11 930 105 37
2018-07-11 915 106 50
2018-03-29 899 108 63
2017-12-29 880 107 67
2017-10-12 861 105 72
2017-07-12 848 108 74
2017-03-30 834 111 75
2016-12-30 832 117 76
2016-10-13 830 123 77
2016-07-13 812 117 75
2016-03-31 793 111 73
2015-12-31 773 114 71

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • at Home Group's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • at Home Group's revenue is expected to grow by 3% 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:PETS 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 7 Analyst Estimates (S&P Global) See Below

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

LSE:PETS Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 0.14 0.15 0.13 3.00
2020-03-31 0.13 0.14 0.11 3.00
2019-03-31 0.11 0.14 0.06 3.00
LSE:PETS Past Financials Data
Date (Data in GBP Millions) EPS *
2018-10-11 0.07
2018-07-11 0.10
2018-03-29 0.13
2017-12-29 0.13
2017-10-12 0.14
2017-07-12 0.15
2017-03-30 0.15
2016-12-30 0.15
2016-10-13 0.15
2016-07-13 0.15
2016-03-31 0.15
2015-12-31 0.14

*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.
  • at Home Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess at Home Group'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.
at Home Group has a total score of 1/6, 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.

PETS Past Performance

  How has at Home Group 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 at Home Group'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.
  • at Home Group has delivered over 20% year on year earnings growth in the past 5 years.
  • at Home Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • at Home Group's 1-year earnings growth is negative, it can't be compared to the GB Specialty Retail industry average.
Earnings and Revenue History
at Home Group'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 at Home Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:PETS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-11 930.26 36.53 388.40
2018-07-11 914.59 49.67 382.10
2018-03-29 898.92 62.81 375.81
2017-12-29 879.90 67.25 368.76
2017-10-12 860.87 71.69 361.71
2017-07-12 847.52 73.52 356.35
2017-03-30 834.17 75.36 350.99
2016-12-30 832.05 76.00 349.44
2016-10-13 829.94 76.65 347.88
2016-07-13 811.53 74.71 339.02
2016-03-31 793.13 72.78 330.16
2015-12-31 772.60 70.72 319.90
2015-10-08 752.07 68.65 309.63
2015-07-08 740.58 70.41 304.09
2015-03-26 729.09 72.17 298.55
2014-12-26 705.54 -2.73 290.75
2014-10-09 700.76 17.39 284.32
2014-07-09 683.08 -3.35 276.51
2014-03-27 665.40 -24.10 268.71
2014-01-02 652.14 38.77 264.93
2013-03-28 598.34 -25.48 244.99

*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.
  • at Home Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • at Home Group used its assets less efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • at Home Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess at Home Group'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.
at Home Group has a total score of 1/6, 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.

PETS Health

 How is at Home Group'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 at Home Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • at Home Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • at Home Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of at Home Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x 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 at Home Group Company Filings, last reported 6 months ago.

LSE:PETS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-11 890.30 192.61 62.55
2018-07-11 890.30 192.61 62.55
2018-03-29 906.35 194.60 60.75
2017-12-29 906.35 194.60 60.75
2017-10-12 888.77 208.13 50.72
2017-07-12 888.77 208.13 50.72
2017-03-30 882.64 210.67 56.35
2016-12-30 882.64 210.67 56.35
2016-10-13 857.49 212.20 48.38
2016-07-13 857.49 212.20 48.38
2016-03-31 843.48 202.88 40.00
2015-12-31 843.48 202.88 40.00
2015-10-08 811.01 211.90 28.36
2015-07-08 811.01 211.90 28.36
2015-03-26 796.88 321.13 134.66
2014-12-26 796.88 321.13 134.66
2014-10-09 768.20 320.42 92.23
2014-07-09 768.20 320.42 92.23
2014-03-27 730.75 319.86 90.82
2014-01-02 475.30 566.13 51.16
2013-03-28 574.72 443.33 32.40
  • at Home Group's level of debt (21.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (105.1% vs 21.6% today).
  • Debt is well covered by operating cash flow (54.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.4x coverage).
X
Financial health checks
We assess at Home Group'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. at Home Group has a total score of 4/6, 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.

PETS Dividends

 What is at Home Group'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
5.14%
Current annual income from at Home Group dividends. Estimated to be 5.14% next year.
If you bought £2,000 of at Home Group shares you are expected to receive £103 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?
  • at Home Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • at Home Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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:PETS 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 7 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 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 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 5.2%

Industry and Market average data is calculated daily.

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

LSE:PETS Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.08 1.00
2021-03-31 0.07 7.00
2020-03-31 0.07 8.00
2019-03-31 0.07 8.00
LSE:PETS Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-07-12 0.075 5.898
2017-05-25 0.075 4.539
2016-05-26 0.075 3.498
2016-05-25 0.075 2.938
2015-06-26 0.072 2.659
2015-06-04 0.072 2.531
2014-12-04 0.036 1.536

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

  • Whilst dividend payments have been stable, at Home Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but at Home Group only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of at Home Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess at Home Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 at Home Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. at Home Group has a total score of 2/6, see the detailed checks below.


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

PETS Management

 What is the CEO of at Home Group'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
Peter Pritchard
TENURE AS CEO 1 years
CEO Bio

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 since October 2018. He has been Chief Executive Officer of Retail of Pets at Home Ltd since June 10, 2016 and served as its Commercial Director since January 2011 until June 10, 2016. Mr. Pritchard was the Chief Executive Officer of the Retail Division of Pets at Home Group Plc and March 21, 2016 and served as its Chief Operating Officer of Retail from November 17, 2015 to March 21, 2016 and prior to that, he served as its Commercial Director from January 2011 to November 17, 2015. Mr. Pritchard serves as Trading Director of KKR My Best Friend UK Finco Ltd. He served as Non-food Trading Director of Asda. Mr. Pritchard held a number of roles during his 12 years at Asda, including Store Development Director, Fresh Foods Trading Director and Business Unit Director and also played a key role in the launch of Asda's George standalone stores and Living and Essentials formats. Mr. Pritchard has also served for Iceland, Sainsbury's and Marks & Spencer. Mr. Pritchard holds a Master’s Degree in Business Administration from Stirling University.

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

Average tenure of the at Home Group management team in years:

0.4
Average Tenure
  • The average tenure for the at Home Group management team is less than 2 years, this suggests a new team.
Management Team

Mike Iddon

TITLE
Group CFO & Executive Director
COMPENSATION
£649K
TENURE
2.3 yrs

Peter Pritchard

TITLE
Group CEO
TENURE
1 yrs

David Robinson

TITLE
Chief Operating Officer
AGE
51
TENURE
0.3 yrs

William Hewish

TITLE
Chief Information Officer
TENURE
0.1 yrs

Amie Gramlick

TITLE
Director of Investor Relations & Corporate Affairs

Louise Stonier

TITLE
Chief People & Legal Officer and Company Secretary
TENURE
2.3 yrs

Gillian Hammond

TITLE
Head of Media & Corporate Affairs

Robert Kent

TITLE
Chief Data Officer
TENURE
0.4 yrs

Jane Balmain

TITLE
Interim CEO of First Opinion Vet Business - Vet Group
TENURE
0.4 yrs

Brian Hudspith

TITLE
Director of Corporate Affairs
Board of Directors Tenure

Average tenure and age of the at Home Group board of directors in years:

2.1
Average Tenure
59.5
Average Age
  • The average tenure for the at Home Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tony DeNunzio

TITLE
Non-Executive Chairman
COMPENSATION
£200K
AGE
58
TENURE
5.2 yrs

Dennis Millard

TITLE
Deputy Chairman & Senior Independent Non-Executive Director
COMPENSATION
£70K
AGE
69
TENURE
5.2 yrs

Mike Iddon

TITLE
Group CFO & Executive Director
COMPENSATION
£649K
TENURE
2.5 yrs

Peter Pritchard

TITLE
Group CEO
TENURE
1.3 yrs

Paul Moody

TITLE
Independent Non-Executive Director
COMPENSATION
£60K
AGE
61
TENURE
5.1 yrs

Sharon Flood

TITLE
Independent-Executive Director
COMPENSATION
£48K
AGE
53
TENURE
1.8 yrs

Stan Laurent

TITLE
Independent-Executive Director
COMPENSATION
£42K
TENURE
1.8 yrs

Susan Dawson

TITLE
Independent Non-Executive Director
TENURE
0.8 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 (£)
19. Jul 18 Buy Tony DeNunzio Individual 17. Jul 18 17. Jul 18 200,000 £1.23 £246,700
12. Jun 18 Buy Peter Pritchard Individual 11. Jun 18 11. Jun 18 265,208 £1.31 £348,245
08. Jun 18 Buy Michael Iddon Individual 07. Jun 18 07. Jun 18 53,526 £1.30 £69,611
08. Jun 18 Buy Peter Pritchard Individual 07. Jun 18 07. Jun 18 77,182 £1.29 £99,488
23. May 18 Buy Peter Pritchard Individual 23. May 18 23. May 18 70,987 £1.40 £99,488
X
Management checks
We assess at Home Group'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. at Home Group 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.

PETS News

Simply Wall St News

Is Pets at Home Group Plc (LON:PETS) Trading At A 39% Discount?

I will use the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model? … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Should Pets at Home Group Plc (LON:PETS) Be Part Of Your Income Portfolio?

In the last few years Pets at Home Group Plc (LON:PETS) has paid a dividend to shareholders. … Does at Home Group tick all the boxes of a great dividend stock? … 5 checks you should use to assess a dividend stock

Simply Wall St -

Should We Be Cautious About Pets at Home Group Plc's (LON:PETS) ROE Of 4.1%?

To keep the lesson grounded in practicality, we'll use ROE to better understand Pets at Home Group Plc (LON:PETS). … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.041 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Volatility 101: Should at Home Group Shares Have Dropped 45%?

While not a mind-blowing move, it is good to see that the Pets at Home Group Plc (LON:PETS) share price has gained 23% in the last three months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the three years that the share price fell, at Home Group's earnings per share (EPS) dropped by 20% each year.

Simply Wall St -

Is Pets at Home Group Plc (LON:PETS) A Financially Sound Company?

Pets at Home Group Plc (LON:PETS) is a small-cap stock with a market capitalization of UK£677m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Is Pets at Home Group Plc's (LON:PETS) High P/E Ratio A Problem For Investors?

We'll show how you can use Pets at Home Group Plc's (LON:PETS) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, at Home Group's P/E ratio is 16.77. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Need To Know: Pets at Home Group Plc (LON:PETS) Insiders Have Been Buying Shares

So we'll take a look at whether insiders have been buying or selling shares in Pets at Home Group Plc (LON:PETS). … The Last 12 Months Of Insider Transactions At at Home Group. … In the last twelve months there was more buying than selling by at Home Group insiders

Simply Wall St -

4 Days Left Before Pets at Home Group Plc (LON:PETS) Will Be Trading Ex-Dividend

Pets at Home Group Plc (LON:PETS) will be distributing its dividend of UK£0.025 per share on the 11 January 2019, and will start trading ex-dividend in 4 days time on the 06 December 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into at Home Group's latest financial data to analyse its dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Does Pets at Home Group Plc (LON:PETS) Have A Place In Your Portfolio?

Pets at Home Group Plc (LON:PETS) has paid a dividend to shareholders in the last few years. … Does at Home Group tick all the boxes of a great dividend stock? … View our latest analysis for at Home Group

Simply Wall St -

With A -17% Earnings Drop, Is Pets at Home Group Plc's (LON:PETS) A Concern?

After reading Pets at Home Group Plc's (LON:PETS) most recent earnings announcement (29 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … PETS's trailing twelve-month earnings (from 29 March 2018) of UK£63m has? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 35%, indicating the rate at which PETS is growing has slowed down

Simply Wall St -

PETS Company Info

Description

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.

Details
Name: Pets at Home Group Plc
PETS
Exchange: LSE
Founded: 1991
£729,500,000
500,000,000
Website: http://investors.petsathome.com
Address: Pets at Home Group Plc
Epsom Avenue,
Stanley Green Trading Estate,
Handforth,
Cheshire, SK9 3RN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PETS Ordinary Shares London Stock Exchange GB GBP 12. Mar 2014
OTCPK PAHG.F Ordinary Shares Pink Sheets LLC US USD 12. Mar 2014
DB 6P8 Ordinary Shares Deutsche Boerse AG DE EUR 12. Mar 2014
BATS-CHIXE PETSL Ordinary Shares BATS 'Chi-X Europe' GB GBP 12. Mar 2014
Number of employees
Current staff
Staff numbers
6,701
at Home Group employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2018/11/27
Last earnings reported: 2018/10/11
Last annual earnings reported: 2018/03/29


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.