Topps Tiles
Market Cap
UK£146.2m
Last Updated
2020/01/27 20:55 UTC
Data Sources
Company Financials +
Executive Summary
Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for homeowners and tile fitters in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Similar Companies
Share Price & News
How has Topps Tiles's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.2%
TPT
-2.5%
GB Specialty Retail
-3.0%
GB Market
1 Year Return
16.3%
TPT
23.7%
GB Specialty Retail
11.0%
GB Market
Return vs Industry: TPT underperformed the UK Specialty Retail industry which returned 31.6% over the past year.
Return vs Market: TPT exceeded the UK Market which returned 12.1% over the past year.
Shareholder returns
| TPT | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | -2.5% | -3.0% |
| 30 Day | 2.7% | -3.3% | -2.4% |
| 90 Day | -1.3% | 8.3% | 3.9% |
| 1 Year | 21.7%16.3% | 27.9%23.7% | 16.8%11.0% |
| 3 Year | 3.9%-9.6% | 14.3%2.8% | 20.0%4.7% |
| 5 Year | -25.2%-38.5% | 15.1%-2.8% | 38.9%6.8% |
Price Volatility Vs. Market
How volatile is Topps Tiles's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Topps Tiles (LON:TPT) Using Too Much Debt?1 month ago | Simply Wall St
Topps Tiles Plc Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models2 months ago | Simply Wall St
Did You Manage To Avoid Topps Tiles's (LON:TPT) 39% Share Price Drop?Valuation
Is Topps Tiles undervalued compared to its fair value and its price relative to the market?
25.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TPT (£0.76) is trading below our estimate of fair value (£1.01)
Significantly Below Fair Value: TPT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TPT is good value based on its PE Ratio (14.6x) compared to the Specialty Retail industry average (16.6x).
PE vs Market: TPT is good value based on its PE Ratio (14.6x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: TPT is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: TPT is overvalued based on its PB Ratio (4.9x) compared to the GB Specialty Retail industry average (1.2x).
Next Steps
Future Growth
How is Topps Tiles forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPT's forecast earnings growth (7% per year) is above the savings rate (0.5%).
Earnings vs Market: TPT's earnings (7% per year) are forecast to grow slower than the UK market (11.7% per year).
High Growth Earnings: TPT's earnings are forecast to grow, but not significantly.
Revenue vs Market: TPT's revenue (2.5% per year) is forecast to grow slower than the UK market (3.6% per year).
High Growth Revenue: TPT's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TPT's Return on Equity is forecast to be high in 3 years time (28.3%)
Next Steps
Past Performance
How has Topps Tiles performed over the past 5 years?
-7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPT has a large one-off gain of £2.5M impacting its September 28 2019 financial results.
Growing Profit Margin: TPT's current net profit margins (4.6%) are higher than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: TPT's earnings have declined by -7.8% per year over the past 5 years.
Accelerating Growth: TPT's earnings growth over the past year (4.7%) exceeds its 5-year average (-7.8% per year).
Earnings vs Industry: TPT earnings growth over the past year (4.7%) exceeded the Specialty Retail industry 2.2%.
Return on Equity
High ROE: TPT's Return on Equity (33.3%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Topps Tiles's financial position?
Financial Position Analysis
Short Term Liabilities: TPT's short term assets (£57.8M) exceed its short term liabilities (£46.6M).
Long Term Liabilities: TPT's short term assets (£57.8M) exceed its long term liabilities (£34.9M).
Debt to Equity History and Analysis
Debt Level: TPT's debt to equity ratio (98.8%) is considered high.
Reducing Debt: TPT's debt to equity ratio has reduced from 5354.1% to 98.8% over the past 5 years.
Debt Coverage: TPT's debt is well covered by operating cash flow (73.3%).
Interest Coverage: TPT's interest payments on its debt are well covered by EBIT (12.6x coverage).
Balance Sheet
Inventory Level: TPT has a high level of physical assets or inventory.
Debt Coverage by Assets: TPT's debt is covered by short term assets (assets are 1.9x debt).
Next Steps
Dividend
What is Topps Tiles's current dividend yield, its reliability and sustainability?
4.53%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TPT's dividend (4.47%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: TPT's dividend (4.47%) is low compared to the top 25% of dividend payers in the UK market (4.95%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TPT has been paying a dividend for less than 10 years.
Growing Dividend: TPT's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.4%), TPT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TPT's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).
Next Steps
Management
What is the CEO of Topps Tiles's salary, the management and board of directors tenure and is there insider trading?
1.6yrs
Average management tenure
CEO
Rob Parker (47yo)
0.2yrs
Tenure
UK£366,000
Compensation
Mr. Robert Parker, also known as Rob, ACMA is the Group Chief Executive Officer of Topps Tiles plc since November 29, 2019 and served as its Chief Financial Officer until November 29, 2019 and also served ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD475.91K) is about average for companies of similar size in the UK market ($USD596.47K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.6yrs
Average Tenure
Experienced Management: TPT's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Age and Tenure
4.9yrs
Average Tenure
54yo
Average Age
Experienced Board: TPT's board of directors are considered experienced (4.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Matt Williams (45yo)
- Tenure: 0.2yrs
- Compensation: UK£541.00k
Brian Linnington
Managing Director of Commercial
- Tenure: 1.8yrs
Rob Parker (47yo)
Group CEO & Executive Director
- Tenure: 0.2yrs
- Compensation: UK£366.00k
Richard Carter
Managing Director of Retail
- Tenure: 1.8yrs
Alistair Hodder
Head of Legal & Company Secretary
- Tenure: 1.6yrs
Board Members
Darren Shapland (52yo)
Non-Executive Chairman
- Tenure: 4.8yrs
- Compensation: UK£133.00k
Andy King (57yo)
Independent Non-Executive Director
- Tenure: 8yrs
- Compensation: UK£45.00k
Claire Tiney (58yo)
Senior Independent Director
- Tenure: 4.9yrs
- Compensation: UK£46.00k
Rob Parker (47yo)
Group CEO & Executive Director
- Tenure: 0.2yrs
- Compensation: UK£366.00k
Keith Down (54yo)
Non-Executive Director
- Tenure: 4.9yrs
- Compensation: UK£45.00k
Company Information
Topps Tiles Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Topps Tiles Plc
- Ticker: TPT
- Exchange: LSE
- Founded: 1963
- Industry: Home Improvement Retail
- Sector: Retail
- Market Cap: UK£146.223m
- Shares outstanding: 194.96m
- Website: https://www.toppstiles.co.uk
Number of Employees
Location
- Topps Tiles Plc
- Thorpe Way
- Grove Park
- Leicester
- Leicestershire
- LE19 1SU
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TPT | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jun 1997 |
| TPTJ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 1997 |
| TPTL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jun 1997 |
Biography
Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for homeowners and tile fitters in the United Kingdom. The company offers bathroom, kitchen, floor, wall, and mosaic tiles. It also provides adhesives and grouts; and tools and essentials, such as trims, underfloor heating products, cutters, tools and accessories, cleaning and maintenance products, underfloor heating products, and wet room products. The company offers its products primarily under the Tile Adhesive, Tile Grout, Tile Preparation, Hardiebacker Board, Rubi Tools and Accessories, Warmup, and Homelux Tile Trims brands. In addition, it is involved in the property management and investment activities; provision of warehousing services; and retail and wholesale distribution of wood floorings. The company operates 372 stores. Topps Tiles Plc also sells its products through an online. The company was founded in 1963 and is headquartered in Leicester, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/27 20:55 |
| End of Day Share Price | 2020/01/27 00:00 |
| Earnings | 2019/09/28 |
| Annual Earnings | 2019/09/28 |
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.