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Interface

Nasdaq:TILE
Snowflake Description

Established dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TILE
Nasdaq
$930M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The last earnings update was 39 days ago. More info.


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TILE Share Price and Events
7 Day Returns
2.4%
NasdaqGS:TILE
0.2%
US Commercial Services
0.1%
US Market
1 Year Returns
-35.7%
NasdaqGS:TILE
11.4%
US Commercial Services
1.2%
US Market
TILE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Interface (TILE) 2.4% -3.3% -1.3% -35.7% -10.5% -16.3%
US Commercial Services 0.2% 3.4% 8.8% 11.4% 57.4% 75.4%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • TILE underperformed the Commercial Services industry which returned 11.4% over the past year.
  • TILE underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
TILE
Industry
5yr Volatility vs Market

Value

 Is Interface undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Interface to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Interface.

NasdaqGS:TILE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:TILE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 21%) (81.66%))
1.085
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.085 * 5.96%)
9.2%

Discounted Cash Flow Calculation for NasdaqGS:TILE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Interface is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:TILE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.2%)
2019 113.55 Analyst x2 103.99
2020 114.45 Analyst x2 95.98
2021 119.35 Analyst x2 91.66
2022 87.00 Analyst x1 61.19
2023 92.00 Analyst x1 59.26
2024 86.53 Est @ -5.95% 51.04
2025 83.63 Est @ -3.34% 45.18
2026 82.36 Est @ -1.52% 40.74
2027 82.16 Est @ -0.25% 37.22
2028 82.69 Est @ 0.65% 34.31
Present value of next 10 years cash flows $620.58
NasdaqGS:TILE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $82.69 × (1 + 2.73%) ÷ (9.2% – 2.73%)
$1,313.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,313.73 ÷ (1 + 9.2%)10
$545.05
NasdaqGS:TILE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $620.58 + $545.05
$1,165.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,165.63 / 59.99
$19.43
NasdaqGS:TILE Discount to Share Price
Calculation Result
Value per share (USD) From above. $19.43
Current discount Discount to share price of $15.50
= -1 x ($15.50 - $19.43) / $19.43
20.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Interface is available for.
Intrinsic value
20%
Share price is $15.5 vs Future cash flow value of $19.43
Current Discount Checks
For Interface to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Interface's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Interface's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Interface's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Interface's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TILE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.71
NasdaqGS:TILE Share Price ** NasdaqGS (2019-06-18) in USD $15.5
United States of America Commercial Services Industry PE Ratio Median Figure of 46 Publicly-Listed Commercial Services Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Interface.

NasdaqGS:TILE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TILE Share Price ÷ EPS (both in USD)

= 15.5 ÷ 0.71

21.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interface is good value based on earnings compared to the US Commercial Services industry average.
  • Interface is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Interface's expected growth come at a high price?
Raw Data
NasdaqGS:TILE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
13%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 33 Publicly-Listed Commercial Services Companies 1.75x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:TILE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.85x ÷ 13%

1.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interface is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Interface's assets?
Raw Data
NasdaqGS:TILE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.83
NasdaqGS:TILE Share Price * NasdaqGS (2019-06-18) in USD $15.5
United States of America Commercial Services Industry PB Ratio Median Figure of 87 Publicly-Listed Commercial Services Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:TILE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TILE Share Price ÷ Book Value per Share (both in USD)

= 15.5 ÷ 5.83

2.66x

* Primary Listing of Interface.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interface is overvalued based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Interface's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Interface has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Interface expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Interface expected to grow at an attractive rate?
  • Interface's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Interface's earnings growth is positive but not above the United States of America market average.
  • Interface's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TILE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TILE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 13%
NasdaqGS:TILE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.5%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:TILE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TILE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,543 179 132 2
2022-12-31 1,498 166 121 2
2021-12-31 1,453 155 113 4
2020-12-31 1,407 146 105 6
2019-12-31 1,364 131 94 7
NasdaqGS:TILE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,237 86 42
2018-12-30 1,180 92 50
2018-09-30 1,109 94 48
2018-07-01 1,048 86 59
2018-04-01 1,016 91 60
2017-12-31 996 103 53
2017-10-01 970 87 54
2017-07-02 961 85 50
2017-04-02 957 104 50
2017-01-01 959 98 54
2016-10-02 966 112 68
2016-07-03 972 109 72
2016-04-03 988 104 73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Interface's earnings are expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
  • Interface's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:TILE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Interface Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TILE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.14 2.14 2.14 1.00
2022-12-31 1.98 1.98 1.98 1.00
2021-12-31 1.88 1.97 1.84 3.00
2020-12-31 1.76 1.82 1.70 3.00
2019-12-31 1.57 1.58 1.54 4.00
NasdaqGS:TILE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.71
2018-12-30 0.84
2018-09-30 0.81
2018-07-01 0.99
2018-04-01 0.98
2017-12-31 0.86
2017-10-01 0.85
2017-07-02 0.78
2017-04-02 0.77
2017-01-01 0.83
2016-10-02 1.03
2016-07-03 1.09
2016-04-03 1.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Interface is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Interface's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Interface has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Interface performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Interface's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Interface's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Interface's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Interface's 1-year earnings growth is negative, it can't be compared to the US Commercial Services industry average.
Earnings and Revenue History
Interface's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Interface Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TILE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,236.70 42.23 334.22 16.40
2018-12-30 1,179.57 50.25 305.75 16.40
2018-09-30 1,108.72 48.18 283.45 14.00
2018-07-01 1,047.83 59.45 267.52 14.00
2018-04-01 1,015.90 59.78 259.46 14.00
2017-12-31 996.44 53.25 253.15 14.00
2017-10-01 969.74 53.63 245.84 14.30
2017-07-02 960.66 50.10 245.79 14.30
2017-04-02 957.17 49.82 248.73 14.30
2017-01-01 958.62 54.16 247.40 14.30
2016-10-02 965.75 67.70 256.18 14.50
2016-07-03 972.08 71.93 255.66 14.50
2016-04-03 987.51 72.99 256.37 14.50
2016-01-03 1,001.86 72.42 254.80 14.50
2015-10-04 1,027.32 62.26 249.52 13.90
2015-07-05 1,024.83 41.76 246.81 13.90
2015-04-05 1,021.82 33.11 244.82 13.90
2014-12-28 1,003.90 24.81 243.45 13.90
2014-09-28 983.50 32.06 246.89 12.60
2014-06-29 985.75 47.39 246.85 12.60
2014-03-30 968.61 45.28 245.23 12.60
2013-12-29 959.99 48.26 239.83 12.60
2013-09-29 957.90 40.31 236.43 12.40
2013-06-30 946.31 36.42 230.53 12.40
2013-03-31 932.37 35.99 222.32 12.40
2012-12-30 932.02 22.90 218.96 12.40
2012-09-30 926.90 20.52 215.21 12.10
2012-07-01 932.76 21.14 219.77 12.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Interface has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Interface used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Interface's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Interface's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Interface has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Interface's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Interface's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Interface is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Interface's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Interface's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Interface Company Filings, last reported 2 months ago.

NasdaqGS:TILE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 349.66 759.27 67.80
2018-12-30 354.66 618.58 82.78
2018-09-30 352.98 648.88 110.97
2018-07-01 340.60 243.53 66.98
2018-04-01 338.37 243.88 67.86
2017-12-31 330.09 229.93 87.94
2017-10-01 332.19 234.51 78.11
2017-07-02 331.94 230.43 66.78
2017-04-02 331.03 223.04 80.05
2017-01-01 340.73 270.35 165.67
2016-10-02 377.50 217.61 113.73
2016-07-03 361.14 224.33 88.36
2016-04-03 359.35 232.61 83.21
2016-01-03 342.37 213.53 75.70
2015-10-04 327.01 232.55 73.73
2015-07-05 315.90 259.12 71.82
2015-04-05 294.98 259.00 59.00
2014-12-28 306.64 263.34 54.90
2014-09-28 340.71 275.49 68.46
2014-06-29 357.97 279.01 50.01
2014-03-30 346.56 278.41 62.49
2013-12-29 340.79 273.83 72.88
2013-09-29 323.17 283.14 89.38
2013-06-30 302.17 283.13 61.37
2013-03-31 298.49 283.12 65.08
2012-12-30 295.70 283.11 90.53
2012-09-30 282.15 283.09 91.65
2012-07-01 280.86 283.07 36.88
  • Interface's level of debt (184.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (80.3% vs 184.7% today).
  • Debt is not well covered by operating cash flow (13.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
X
Financial health checks
We assess Interface's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Interface has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.68%
Current annual income from Interface dividends. Estimated to be 2.69% next year.
If you bought $2,000 of Interface shares you are expected to receive $34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Interface's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Interface's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:TILE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:TILE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.26 1.00
2022-12-31 0.26 1.00
2021-12-31 0.52 3.00
2020-12-31 0.52 3.00
2019-12-31 0.26 2.00
NasdaqGS:TILE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.260 1.663
2019-02-19 0.260 1.571
2018-10-24 0.260 1.642
2018-07-25 0.260 1.163
2018-04-25 0.260 1.120
2018-02-21 0.260 1.038
2017-10-25 0.260 1.072
2017-07-26 0.260 1.289
2017-04-26 0.240 1.219
2017-02-22 0.240 1.270
2016-10-26 0.240 1.355
2016-07-27 0.240 1.422
2016-04-27 0.200 1.220
2016-02-24 0.200 1.148
2015-10-28 0.200 1.104
2015-07-29 0.200 0.828
2015-04-29 0.160 0.691
2015-02-18 0.160 0.789
2014-10-22 0.160 1.009
2014-07-23 0.160 0.976
2014-04-23 0.120 0.659
2014-02-19 0.120 0.611
2013-10-23 0.120 0.586
2013-07-24 0.120 0.632
2013-04-24 0.100 0.574
2013-02-14 0.100 0.543
2012-07-26 0.100 0.686
2012-04-26 0.080 0.632
2012-02-23 0.080 0.624
2011-10-27 0.080 0.670
2011-07-28 0.080 0.604
2011-04-28 0.080 0.429
2011-02-24 0.080 0.456
2010-10-28 0.080 0.504
2010-07-29 0.040 0.293
2010-04-29 0.040 0.339
2010-02-24 0.010 0.090
2009-10-29 0.010 0.125
2009-07-30 0.010 0.138

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Interface's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Interface's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Interface afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Interface has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Gould
COMPENSATION $5,101,666
AGE 59
TENURE AS CEO 2.3 years
CEO Bio

Mr. Jay D. Gould has been the Chief Executive Officer of Interface, Inc. since March 3, 2017 and its President since January 2016. Mr. Gould served as the Chief Operating Officer of Interface, Inc. from January 13, 2015 to March 3, 2017. Mr. Gould served as an Executive Vice President of Interface Inc. since January 13, 2015 until January 2016. He oversees global operations, marketing and organizational development for the carpet tile manufacturing company that is a recognized leader in sustainability worldwide. Mr. Gould served as the Chief Executive Officer and President of AS America, Inc. since January 2012 until 2015, where he re-energized the 138-year-old brand and steered the struggling kitchen and bath products company back on track in terms of profitability, innovation and brand stewardship. Mr. Gould served as Group President of Home & Family Segment of Newell Rubbermaid Inc. from November 26, 2007 to January 1, 2012 and served as its President of Parenting Essentials business group from 2006 to 2008. He joined American Standard Brands in January 2012. From 2012 to 2015, Mr. Gould was the Chief Executive Officer of American Standard Brands. Mr. Gould served as Chief Marketing Officer of Pepperidge Farm of Campbell Soup Company from December 4, 2002 to 2004 and also served as its President since March 15, 2004. He joined Pepperidge Farm from The Coca-Cola Company, where he served as Vice President of Portfolio Development and Innovation, Global Marketing Division. He worked at The Coca-Cola Company from 1995 to 2002. Mr. Gould began his career in financial planning at NCR Corporation. He joined General Mills, Inc. in Minneapolis, where he worked in product management on the Betty Crocker, Wheaties and Yoplait brands. He served as Product Manager of Yoplait USA. Since 1989, he served as Vice President of Marketing at the Colombo organization in Andover, Mass. and served as General Manager of Frozen. From 1992 to 1995, he ran his own highly successful specialty frozen foods company, Full Service Marketing. He served at Coca-Cola as Vice President-Kid's Business Team and New Products, for the Minute Maid unit in Houston. He served as Senior Vice President and Chief Marketing Officer-Minute Maid. From 1998 to 2000, he served as Senior Vice President-Marketing for the Coca-Cola Japan Company and served as Vice President of Portfolio Development and Innovation, Global Marketing Division since 2000. He has been a Director of Interface Inc. since June 9, 2016. He served as a Director of LIXIL Corporation since June 19, 2014. He has a Bachelor’s degree in Economics from the University of Dayton and an MBA in General Management from the Harvard Graduate School of Business in 1985.

CEO Compensation
  • Jay's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jay's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Interface management team in years:

2.4
Average Tenure
49
Average Age
  • The tenure for the Interface management team is about average.
Management Team

Jay Gould

TITLE
President
COMPENSATION
$5M
AGE
59
TENURE
2.3 yrs

Bruce Hausmann

TITLE
VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
2.2 yrs

Nigel Stansfield

TITLE
VP and Division President of Europe
COMPENSATION
$1M
AGE
50
TENURE
7.3 yrs

Matt Miller

TITLE
President of Interface Americas
COMPENSATION
$2M
AGE
49
TENURE
4 yrs

Gregory Bauer

TITLE
VP & Chief Accounting Officer (Leave of Absence)
AGE
42
TENURE
1.7 yrs

David Foshee

TITLE
VP, General Counsel & Secretary
AGE
47
TENURE
2.4 yrs

Christine Needles

TITLE
Global Head of Corporate Communications

Katy Owen

TITLE
VP & Chief Human Resources Officer
AGE
54
TENURE
4 yrs

Erin Meezan

TITLE
Chief Sustainability Officer and Vice President
TENURE
2.4 yrs

Chip DeGrace

TITLE
Chief Design Officer
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Interface board of directors in years:

6.2
Average Tenure
56
Average Age
  • The tenure for the Interface board of directors is about average.
Board of Directors

Daniel Hendrix

TITLE
Non-Executive Chairman
COMPENSATION
$746K
AGE
63
TENURE
7.7 yrs

Jay Gould

TITLE
President
COMPENSATION
$5M
AGE
59
TENURE
3.1 yrs

Chris Kennedy

TITLE
Lead Independent Director
COMPENSATION
$183K
AGE
54

Andrew Cogan

TITLE
Independent Director
COMPENSATION
$171K
AGE
55
TENURE
6.4 yrs

Sheryl Palmer

TITLE
Director
COMPENSATION
$174K
AGE
56
TENURE
3.7 yrs

Jim Miller

TITLE
Independent Director
COMPENSATION
$166K
AGE
78
TENURE
19.1 yrs

K. Kohler

TITLE
Independent Director
COMPENSATION
$166K
AGE
51
TENURE
12.7 yrs

John Burke

TITLE
Independent Director
COMPENSATION
$166K
AGE
56
TENURE
5.9 yrs

Cathy Kilbane

TITLE
Director
COMPENSATION
$61K
AGE
54
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Interface's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Interface has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Good Is Interface, Inc. (NASDAQ:TILE), When It Comes To ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Interface: 12% = US$42m ÷ US$350m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … In my book the highest quality companies have high return on equity, despite low debt. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

A Look At The Fair Value Of Interface, Inc. (NASDAQ:TILE)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $110.00 $113.50 $119.50 $87.00 $92.00 $86.68 $83.89 $82.68 $82.53 $83.09 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Analyst x1 Analyst x1 Est @ -5.78% Est @ -3.23% Est @ -1.44% Est @ -0.19% Est @ 0.69% Present Value ($, Millions) Discounted @ 9.37% $100.58 $94.89 $91.35 $60.81 $58.79 $50.65 $44.82 $40.39 $36.86 $33.94 Present Value of 10-year Cash Flow (PVCF)= $613.08m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$83m × (1 + 2.7%) ÷ (9.4% – 2.7%) = US$1.3b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$1.3b ÷ ( 1 + 9.4%)10 = $525.22m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $1.14b. … NasdaqGS:TILE Intrinsic value, May 16th 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Introducing Interface (NASDAQ:TILE), The Stock That Dropped 27% In The Last Year

(NASDAQ:TILE) share price is down 27% in the last year. … Remarkably, he share price decline of 27% per year is particularly close to the EPS drop. … Instead, the change in the share price seems to reduction in earnings per share, alone.

Simply Wall St -

Is Interface, Inc. (NASDAQ:TILE) Potentially Undervalued?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain. … Let’s examine Interface’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Does The Interface, Inc. (NASDAQ:TILE) Share Price Tend To Follow The Market?

In finance, Beta is a measure of volatility. … Volatility is considered to be a measure of risk in modern finance theory. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Investors Are Undervaluing Interface, Inc. (NASDAQ:TILE) By 40.19%

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What To Know Before Buying Interface Inc (NASDAQ:TILE) For Its Dividend

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Interface Inc (NASDAQ:TILE) has paid a dividend to shareholders. … 5 questions to ask before buying a dividend stock

Simply Wall St -

A Note On Interface Inc's (NASDAQ:TILE) ROE and Debt To Equity

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Interface has a return on equity of 14% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

One Thing To Remember About The Interface Inc (NASDAQ:TILE) Share Price

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Only 4 Days Left Before Interface Inc (NASDAQ:TILE) Will Be Trading Ex-Dividend,

To qualify for the dividend check of US$0.065 per share, investors must have owned the shares prior to 08 November 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I will explain how holding Interface can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Company Info

Description

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 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 brands; 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 air filters; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for national 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.

Details
Name: Interface, Inc.
TILE
Exchange: NasdaqGS
Founded: 1973
$929,806,451
59,987,513
Website: http://www.interface.com
Address: Interface, Inc.
1280 West Peachtree Street NW,
Midtown,
Atlanta,
Georgia, 30309,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TILE Common Stock Nasdaq Global Select US USD 14. Apr 1983
DB IF6N Common Stock Deutsche Boerse AG DE EUR 14. Apr 1983
BMV TILE * Common Stock Bolsa Mexicana de Valores MX MXN 14. Apr 1983
Number of employees
Current staff
Staff numbers
4,094
Interface employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:38
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.