AIM:TPX

Stock Analysis Report

Executive Summary

The Panoply Holdings plc focuses on the specialist information technology and innovation consulting businesses in Europe.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Share Price & News

How has Panoply Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.9%

TPX

0.07%

GB IT

-0.4%

GB Market


1 Year Return

n/a

TPX

7.6%

GB IT

2.9%

GB Market

Return vs Industry: Insufficient data to determine how TPX performed against the UK IT industry.

Return vs Market: Insufficient data to determine how TPX performed against the UK Market.


Shareholder returns

TPXIndustryMarket
7 Day-5.9%0.07%-0.4%
30 Day-3.0%-3.5%-1.4%
90 Day-17.9%-5.9%-2.1%
1 Yearn/a10.2%7.6%7.9%2.9%
3 Yearn/a74.1%61.3%18.0%3.6%
5 Yearn/a69.9%54.3%35.8%6.4%

Price Volatility Vs. Market

How volatile is Panoply Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Panoply Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: TPX (£0.8) is trading below our estimate of fair value (£1.75)

Significantly Undervalued: TPX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TPX is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: TPX is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate TPX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TPX is good value based on its PB Ratio (1.8x) compared to the GB IT industry average (2.5x).


Next Steps

Future Growth

How is Panoply Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

108.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TPX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TPX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TPX's revenue (30.9% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: TPX's revenue (30.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: TPX's Return on Equity is forecast to be high in 3 years time (25.8%)


Next Steps

Past Performance

How has Panoply Holdings performed over the past 5 years?

-336.7%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if TPX's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: TPX is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (4.2%).


Return on Equity

High ROE: TPX has a negative Return on Equity (-8.71%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TPX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TPX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Panoply Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TPX's short term assets (£9.8M) exceeds its short term liabilities (£7.4M)

Long Term Liabilities: TPX's short term assets (9.8M) exceeds its long term liabilities (9.2M)


Debt to Equity History and Analysis

Debt Level: TPX is debt free.

Reducing Debt: TPX has not had any debt for past 5 years.


Balance Sheet

Inventory Level: TPX has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TPX's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TPX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TPX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Panoply Holdings's current dividend yield, its reliability and sustainability?

1.23%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage2.6%forecastin3Years1.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate TPX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TPX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPX's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Panoply Holdings's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average board tenure


CEO

Neal Gandhi (51yo)

0yrs

Tenure

0

Mr. Neal Narendra Gandhi is the Co-Founder and Chief Executive Officer of The Panoply Holdings plc and also serves as Director since December 20, 2016. Mr. Gandhi is the Co-Founder and Chief Executive Offi ...


Board Age and Tenure

1.9yrs

Average Tenure

53yo

Average Age

Experienced Board: TPX's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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


Management Team

  • Neal Gandhi (51yo)

    Co-Founder

    • Tenure: 0yrs
  • Olly Rigby (38yo)

    Co-Founder

    • Tenure: 2.8yrs

Board Members

  • Neal Gandhi (51yo)

    Co-Founder

    • Tenure: 0yrs
  • Mark Smith (64yo)

    Non-Executive Chairman

    • Tenure: 0yrs
  • Chris Sweetland (64yo)

    Non-Executive Director

    • Tenure: 1yrs
  • Olly Rigby (38yo)

    Co-Founder

    • Tenure: 2.8yrs
  • Isabel Kelly (53yo)

    Non-Executive Director

    • Tenure: 1yrs

Company Information

The Panoply Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Panoply Holdings plc
  • Ticker: TPX
  • Exchange: AIM
  • Founded:
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: UK£39.126m
  • Shares outstanding: 48.91m
  • Website: https://www.thepanoply.com

Number of Employees


Location

  • The Panoply Holdings plc
  • Amherst House
  • 22 London Road
  • Sevenoaks
  • Kent
  • TN1 3BT
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2018

Biography

The Panoply Holdings plc focuses on the specialist information technology and innovation consulting businesses in Europe. The company is based in Sevenoaks, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 22:11
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.