company background image
TILE

InterfaceNasdaqGS:TILE Stock Report

Market Cap

US$852.8m

7D

1.0%

1Y

140.2%

Updated

23 Sep, 2021

Data

Company Financials +
TILE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends0/6

TILE Overview

Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific.

Interface Competitors

Herman Miller

NasdaqGS:MLHR

US$3.1b

HNI

NYSE:HNI

US$1.6b

Steelcase

NYSE:SCS

US$1.5b

Kimball International

NasdaqGS:KBAL

US$418.6m

Price History & Performance

Summary of all time highs, changes and price drops for Interface
Historical stock prices
Current Share PriceUS$14.63
52 Week HighUS$5.88
52 Week LowUS$17.11
Beta2.05
1 Month Change6.63%
3 Month Change-5.61%
1 Year Change140.23%
3 Year Change-36.94%
5 Year Change-11.71%
Change since IPO66.01%

Recent News & Updates

Shareholder Returns

TILEUS Commercial ServicesUS Market
7D1.0%-0.2%-0.5%
1Y140.2%31.6%37.5%

Return vs Industry: TILE exceeded the US Commercial Services industry which returned 31.1% over the past year.

Return vs Market: TILE exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is TILE's price volatile compared to industry and market?
TILE volatility
TILE Beta2.05
Industry Beta1.04
Market Beta1

Stable Share Price: TILE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TILE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19733,742Dan Hendrixhttps://www.interface.com

Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products. It also produces and sells an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services.

Interface Fundamentals Summary

How do Interface's earnings and revenue compare to its market cap?
TILE fundamental statistics
Market CapUS$852.75m
Earnings (TTM)US$47.78m
Revenue (TTM)US$1.10b

18.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TILE income statement (TTM)
RevenueUS$1.10b
Cost of RevenueUS$700.84m
Gross ProfitUS$402.80m
ExpensesUS$355.02m
EarningsUS$47.78m

Last Reported Earnings

Jul 04, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.81
Gross Margin36.50%
Net Profit Margin4.33%
Debt/Equity Ratio165.9%

How did TILE perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

5%

Payout Ratio

Valuation

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

18.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TILE ($14.63) is trading above our estimate of fair value ($9.41)

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


Price To Earnings Ratio

PE vs Industry: TILE is good value based on its PE Ratio (18.1x) compared to the US Commercial Services industry average (32.8x).

PE vs Market: TILE is poor value based on its PE Ratio (18.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: TILE is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: TILE's PB Ratio (2.6x) is in line with the US Commercial Services industry average.


Future Growth

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

13.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TILE's forecast earnings growth (13.9% per year) is above the savings rate (2%).

Earnings vs Market: TILE's earnings (13.9% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: TILE's earnings are forecast to grow, but not significantly.

Revenue vs Market: TILE's revenue (4.5% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: TILE's revenue (4.5% 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 TILE's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Interface performed over the past 5 years?

-31.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TILE has high quality earnings.

Growing Profit Margin: TILE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TILE's earnings have declined by 31% per year over the past 5 years.

Accelerating Growth: TILE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TILE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (30.4%).


Return on Equity

High ROE: TILE's Return on Equity (14.3%) is considered low.


Financial Health

How is Interface's financial position?


Financial Position Analysis

Short Term Liabilities: TILE's short term assets ($546.7M) exceed its short term liabilities ($229.6M).

Long Term Liabilities: TILE's short term assets ($546.7M) do not cover its long term liabilities ($757.0M).


Debt to Equity History and Analysis

Debt Level: TILE's debt to equity ratio (165.9%) is considered high.

Reducing Debt: TILE's debt to equity ratio has increased from 62% to 165.9% over the past 5 years.

Debt Coverage: TILE's debt is well covered by operating cash flow (21.9%).

Interest Coverage: TILE's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Interface current dividend yield, its reliability and sustainability?

0.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TILE's dividend (0.27%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: TILE's dividend (0.27%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: TILE is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: TILE is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: TILE is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Dan Hendrix (66 yo)

1.67yrs

Tenure

US$4,048,192

Compensation

Mr. Daniel T. Hendrix, also known as Dan, serves as President and Chief Executive Officer at Interface, Inc. since January 20, 2020. He serves as the Chief Executive Officer and President of InterfaceFLOR...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD4.05M) is above average for companies of similar size in the US market ($USD2.35M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TILE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: TILE's board of directors are considered experienced (5.9 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

Interface, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Interface, Inc.
  • Ticker: TILE
  • Exchange: NasdaqGS
  • Founded: 1973
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: US$852.753m
  • Shares outstanding: 59.05m
  • Website: https://www.interface.com

Number of Employees


Location

  • Interface, Inc.
  • 1280 West Peachtree Street NW
  • Atlanta
  • Georgia
  • 30309
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 22:55
End of Day Share Price2021/09/23 00:00
Earnings2021/07/04
Annual Earnings2021/01/03


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.