Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific.
Very undervalued with solid track record and pays a dividend.
Share Price & News
How has Interface's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TILE's share price has been volatile over the past 3 months.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: TILE underperformed the US Commercial Services industry which returned -15.4% over the past year.
Return vs Market: TILE underperformed the US Market which returned -10.4% over the past year.
Price Volatility Vs. Market
How volatile is Interface's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StA Sliding Share Price Has Us Looking At Interface, Inc.'s (NASDAQ:TILE) P/E Ratio
5 days ago | Simply Wall StHere's Why Interface (NASDAQ:TILE) Has A Meaningful Debt Burden
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Interface, Inc.'s (NASDAQ:TILE) P/E Ratio
Is Interface undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TILE ($7.58) is trading below our estimate of fair value ($22.76)
Significantly Below Fair Value: TILE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TILE is good value based on its PE Ratio (5.6x) compared to the Commercial Services industry average (21.1x).
PE vs Market: TILE is good value based on its PE Ratio (5.6x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: TILE is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: TILE is good value based on its PB Ratio (1.2x) compared to the US Commercial Services industry average (1.3x).
How is Interface forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TILE's forecast earnings growth (7.6% per year) is above the savings rate (1.7%).
Earnings vs Market: TILE's earnings (7.6% per year) are forecast to grow slower than the US market (12.2% per year).
High Growth Earnings: TILE's earnings are forecast to grow, but not significantly.
Revenue vs Market: TILE's revenue (1.5% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: TILE'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 TILE's Return on Equity is forecast to be high in 3 years time
How has Interface performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TILE has high quality earnings.
Growing Profit Margin: TILE's current net profit margins (5.9%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: TILE's earnings have grown by 4.5% per year over the past 5 years.
Accelerating Growth: TILE's earnings growth over the past year (57.7%) exceeds its 5-year average (4.5% per year).
Earnings vs Industry: TILE earnings growth over the past year (57.7%) exceeded the Commercial Services industry 2.5%.
Return on Equity
High ROE: Whilst TILE's Return on Equity (21.51%) is high, this metric is skewed due to their high level of debt.
How is Interface's financial position?
Financial Position Analysis
Short Term Liabilities: TILE's short term assets ($548.1M) exceed its short term liabilities ($263.3M).
Long Term Liabilities: TILE's short term assets ($548.1M) do not cover its long term liabilities ($791.6M).
Debt to Equity History and Analysis
Debt Level: TILE's debt to equity ratio (163.5%) is considered high.
Reducing Debt: TILE's debt to equity ratio has increased from 85.9% to 163.5% over the past 5 years.
Debt Coverage: TILE's debt is well covered by operating cash flow (23.5%).
Interest Coverage: TILE's interest payments on its debt are well covered by EBIT (5.4x coverage).
Inventory Level: TILE has a high level of physical assets or inventory.
Debt Coverage by Assets: TILE's debt is not covered by short term assets (assets are 0.9x debt).
What is Interface's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TILE's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: TILE's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (5.4%).
Stability and Growth of Payments
Stable Dividend: TILE's dividends per share have been stable in the past 10 years.
Growing Dividend: TILE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.3%), TILE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TILE's dividends in 3 years are forecast to be well covered by earnings (19.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Daniel Hendrix (64yo)
Mr. Daniel T. Hendrix, also known as Dan, serves as President and Chief Executive Officer at Interface, Inc. since January 20, 2020. He serves as the Chief Executive Officer and President of InterfaceFLOR ...
CEO Compensation Analysis
Compensation vs Market: Daniel's total compensation ($USD746.47K) is below average for companies of similar size in the US market ($USD2.12M).
Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.
|VP & CFO||3yrs||US$1.56m||0.18% $799.7k|
|President of Interface Europe||8.08yrs||US$1.18m||0.13% $557.1k|
|VP & Chief Accounting Officer (Leave of Absence)||2.5yrs||no data||0.029% $128.0k|
|VP, General Counsel & Secretary||3.25yrs||no data||0.16% $706.2k|
|Global Head of Corporate Communications||no data||no data||no data|
|VP & Chief Human Resources Officer||4.83yrs||no data||0.082% $359.6k|
|Chief Sustainability Officer and Vice President||3.25yrs||no data||no data|
|Chief Design Officer||3.58yrs||no data||no data|
Experienced Management: TILE's management team is considered experienced (3.2 years average tenure).
|Independent Director||19.92yrs||US$166.39k||0.11% $506.5k|
|Lead Independent Director||no data||US$182.64k||0.23% $1.0m|
|Independent Director||13.5yrs||US$166.39k||0.091% $400.7k|
|Independent Director||6.75yrs||US$166.39k||0.046% $204.1k|
|Independent Director||1.75yrs||US$61.49k||0.013% $56.8k|
|Independent Director||4.5yrs||US$173.89k||0.031% $135.7k|
|Director||0.67yr||no data||0.0068% $30.0k|
|Director||0.67yr||no data||0.0068% $30.0k|
Experienced Board: TILE's board of directors are considered experienced (4.4 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Interface, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Interface, Inc.
- Ticker: TILE
- Exchange: NasdaqGS
- Founded: 1973
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: US$440.742m
- Shares outstanding: 58.30m
- Website: https://www.interface.com
Number of Employees
- Interface, Inc.
- 1280 West Peachtree Street NW
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TILE||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 1983|
|IF6N||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 1983|
|TILE *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Apr 1983|
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 band 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. In addition, the company sells and licenses a proprietary antimicrobial chemical compound under the Intersept name for use in interior finishes; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for global accounts and other customers through its InterfaceSERVICES business. It sells its products directly to end-users, as well as indirectly through independent contractors or distributors; and FLOR line of products through Internet sales and commercial sales force. The company has product showrooms or design studios in the United States, Canada, Mexico, Brazil, Denmark, England, France, Germany, Spain, the Netherlands, India, Australia, Norway, the United Arab Emirates, Russia, Singapore, Hong Kong, Thailand, China, and others. Interface, Inc. was founded in 1973 and is headquartered in Atlanta, Georgia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 08:44|
|End of Day Share Price||2020/03/31 00:00|
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.