ISE:DOY

Stock Analysis Report

Executive Summary

Abbey plc, together with its subsidiaries, engages in the building and property development, plant hire, and property rental activities in the Republic of Ireland, the United Kingdom, and the Czech Republic.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DOY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

DOY

1.9%

IE Consumer Durables

-0.3%

IE Market


1 Year Return

n/a

DOY

18.1%

IE Consumer Durables

15.3%

IE Market

Return vs Industry: DOY underperformed the Irish Consumer Durables industry which returned 18.7% over the past year.

Return vs Market: DOY underperformed the Irish Market which returned 16.1% over the past year.


Shareholder returns

DOYIndustryMarket
7 Day0%1.9%-0.3%
30 Day2.0%2.4%-0.6%
90 Day9.4%14.8%5.0%
1 Yearn/a26.0%18.1%17.7%15.3%
3 Year17.7%5.6%40.9%22.5%24.1%18.1%
5 Year54.0%35.5%85.9%47.6%60.0%46.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DOY (€15.2) is trading above our estimate of fair value (€12.82)

Significantly Below Fair Value: DOY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DOY is good value based on its PE Ratio (7.9x) compared to the Consumer Durables industry average (13.9x).

PE vs Market: DOY is good value based on its PE Ratio (7.9x) compared to the Irish market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: DOY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DOY is good value based on its PB Ratio (0.9x) compared to the XE Consumer Durables industry average (1.6x).


Next Steps

Future Growth

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

-10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DOY's earnings are forecast to decline over the next 3 years (-10.9% per year).

Earnings vs Market: DOY's earnings are forecast to decline over the next 3 years (-10.9% per year).

High Growth Earnings: DOY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DOY's revenue (1.5% per year) is forecast to grow slower than the Irish market (3.8% per year).

High Growth Revenue: DOY's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DOY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Abbey performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DOY has high quality earnings.

Growing Profit Margin: DOY's current net profit margins (18.5%) are lower than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: DOY's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: DOY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DOY had negative earnings growth (-16.1%) over the past year, making it difficult to compare to the Consumer Durables industry average (2.6%).


Return on Equity

High ROE: DOY's Return on Equity (11%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Abbey's financial position?


Financial Position Analysis

Short Term Liabilities: DOY's short term assets (€392.4M) exceed its short term liabilities (€60.6M).

Long Term Liabilities: DOY's short term assets (€392.4M) exceed its long term liabilities (€727.0K).


Debt to Equity History and Analysis

Debt Level: DOY is debt free.

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

Debt Coverage: DOY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DOY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: DOY has a high level of physical assets or inventory.

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


Next Steps

Dividend

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

1.32%

Current Dividend Yield


Upcoming Dividend Payment

TodayFeb 19 2020Ex Dividend DateApr 02 2020Dividend Pay DateApr 30 202028 days from Ex DividendBuy in the next 42 days to receive upcoming dividend

Dividend Yield vs Market

company1.3%marketbottom25%2.4%markettop25%4.5%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: DOY's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Irish market (2.42%).

High Dividend: DOY's dividend (1.32%) is low compared to the top 25% of dividend payers in the Irish market (4.45%).


Stability and Growth of Payments

Stable Dividend: DOY's dividend payments have been volatile in the past 10 years.

Growing Dividend: DOY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.9%), DOY's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average board tenure


CEO

Abbey has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Charles Gallagher
Executive Chairman of the Board26.8yrs€1.52m0.12% 387.6k
Lorenzo Fraquelli
Executive Director10.3yrs€549.00kno data
Nicholas Collins
Executive Director4.2yrs€323.00kno data
David Gallagher
Non-Executive Director26.8yrs€45.00k0.014% 45.6k
Robert Kennedy
Non-Executive Director22.2yrs€45.00kno data
Avril Gallagher
Non-Executive Director1.1yrs€14.00kno data
Michael McNulty
Non-Executive Director8.2yrs€45.00kno data
Anthony Quirke
Non Executive Director5.2yrs€45.00kno data

9.2yrs

Average Tenure

60yo

Average Age

Experienced Board: DOY's board of directors are considered experienced (9.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Abbey plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Abbey plc
  • Ticker: DOY
  • Exchange: ISE
  • Founded:
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: €319.322m
  • Shares outstanding: 21.01m
  • Website: https://www.abbeyplc.ie

Number of Employees


Location

  • Abbey plc
  • 25/28 North Wall Quay
  • Dublin
  • Co. Dublin
  • 1
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABBYAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992
DOYISE (Irish Stock Exchange)YesOrdinary SharesIEEURJan 1992

Biography

Abbey plc, together with its subsidiaries, engages in the building and property development, plant hire, and property rental activities in the Republic of Ireland, the United Kingdom, and the Czech Republic. The company is involved in the residential housing and land development activities. It also engages in the hire, rental, sale, and maintenance of construction plant, vehicles, tools, and portable buildings. The company is based in Dublin, the Republic of Ireland. Abbey plc is a subsidiary of Gallagher Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 21:05
End of Day Share Price2020/02/11 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.