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Tempur Sealy International

NYSE:TPX
Snowflake Description

Limited growth with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TPX
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Tempur Sealy International, Inc., together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The last earnings update was 13 days ago. More info.


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TPX Share Price and Events
7 Day Returns
3.9%
NYSE:TPX
1.3%
US Consumer Durables
1.6%
US Market
1 Year Returns
31.6%
NYSE:TPX
-0.1%
US Consumer Durables
2.6%
US Market
TPX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tempur Sealy International (TPX) 3.9% 5.5% 9.1% 31.6% 8.3% 16.3%
US Consumer Durables 1.3% 0.4% 4.3% -0.1% 40.9% 28.8%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • TPX outperformed the Consumer Durables industry which returned -0.1% over the past year.
  • TPX outperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
TPX
Industry
5yr Volatility vs Market

TPX Value

 Is Tempur Sealy International 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 Tempur Sealy International 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 Tempur Sealy International.

NYSE:TPX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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 NYSE:TPX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.896 (1 + (1- 21%) (53.19%))
1.182
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.182 * 5.96%)
9.78%

Discounted Cash Flow Calculation for NYSE:TPX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tempur Sealy International 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.

NYSE:TPX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.78%)
2019 171.67 Analyst x3 156.38
2020 269.93 Analyst x3 224.00
2021 239.15 Analyst x2 180.78
2022 269.85 Analyst x2 185.83
2023 289.30 Analyst x2 181.48
2024 298.41 Est @ 3.15% 170.52
2025 307.43 Est @ 3.02% 160.03
2026 316.45 Est @ 2.93% 150.06
2027 325.54 Est @ 2.87% 140.63
2028 334.76 Est @ 2.83% 131.73
Present value of next 10 years cash flows $1,681.44
NYSE:TPX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $334.76 × (1 + 2.73%) ÷ (9.78% – 2.73%)
$4,881.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,881.26 ÷ (1 + 9.78%)10
$1,920.83
NYSE:TPX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,681.44 + $1,920.83
$3,602.27
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,602.27 / 54.73
$65.82
NYSE:TPX Discount to Share Price
Calculation Result
Value per share (USD) From above. $65.82
Current discount Discount to share price of $63.81
= -1 x ($63.81 - $65.82) / $65.82
3.1%

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

Current Discount
Amount off the current price Tempur Sealy International is available for.
Intrinsic value
3%
Share price is $63.81 vs Future cash flow value of $65.82
Current Discount Checks
For Tempur Sealy International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tempur Sealy International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Tempur Sealy International'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 Tempur Sealy International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tempur Sealy International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TPX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.22
NYSE:TPX Share Price ** NYSE (2019-05-21) in USD $63.81
United States of America Consumer Durables Industry PE Ratio Median Figure of 51 Publicly-Listed Consumer Durables Companies 14.64x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

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

** Primary Listing of Tempur Sealy International.

NYSE:TPX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TPX Share Price ÷ EPS (both in USD)

= 63.81 ÷ 2.22

28.69x

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

  • Tempur Sealy International is overvalued based on earnings compared to the US Consumer Durables industry average.
  • Tempur Sealy International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tempur Sealy International's expected growth come at a high price?
Raw Data
NYSE:TPX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
13.5%per year
United States of America Consumer Durables Industry PEG Ratio Median Figure of 37 Publicly-Listed Consumer Durables Companies 1.18x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:TPX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.69x ÷ 13.5%

2.12x

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

  • Tempur Sealy International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tempur Sealy International's assets?
Raw Data
NYSE:TPX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.61
NYSE:TPX Share Price * NYSE (2019-05-21) in USD $63.81
United States of America Consumer Durables Industry PB Ratio Median Figure of 69 Publicly-Listed Consumer Durables Companies 1.33x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:TPX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TPX Share Price ÷ Book Value per Share (both in USD)

= 63.81 ÷ 4.61

13.83x

* Primary Listing of Tempur Sealy International.

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

  • Tempur Sealy International is overvalued based on assets compared to the US Consumer Durables industry average.
X
Value checks
We assess Tempur Sealy International'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Tempur Sealy International has a total score of 0/6, 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.

TPX Future Performance

 How is Tempur Sealy International expected to perform in the next 1 to 3 years based on estimates from 11 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
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tempur Sealy International expected to grow at an attractive rate?
  • Tempur Sealy International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tempur Sealy International's earnings growth is positive but not above the United States of America market average.
  • Tempur Sealy International's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:TPX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TPX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 13.5%
NYSE:TPX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 4.1%
United States of America Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
United States of America Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NYSE:TPX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TPX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,399 377 300 2
2022-12-31 3,268 355 278 2
2021-12-31 3,130 322 256 3
2020-12-31 3,029 331 229 11
2019-12-31 2,900 241 189 11
NYSE:TPX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,756 197 121
2018-12-31 2,703 183 118
2018-09-30 2,712 133 135
2018-06-30 2,694 149 146
2018-03-31 2,616 146 174
2017-12-31 2,701 223 182
2017-09-30 2,840 258 168
2017-06-30 2,961 189 189
2017-03-31 3,130 252 185
2016-12-31 3,080 166 203
2016-09-30 3,125 211 127
2016-06-30 3,173 285 90

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tempur Sealy International's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Tempur Sealy International's revenue is expected to grow by 4.1% 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
NYSE:TPX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Tempur Sealy International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TPX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 5.53 5.81 5.24 2.00
2022-12-31 5.11 5.31 4.90 2.00
2021-12-31 4.66 4.82 4.50 2.00
2020-12-31 4.07 4.54 3.60 5.00
2019-12-31 3.33 3.63 3.03 5.00
NYSE:TPX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.22
2018-12-31 2.17
2018-09-30 2.48
2018-06-30 2.70
2018-03-31 3.22
2017-12-31 3.38
2017-09-30 3.08
2017-06-30 3.41
2017-03-31 3.25
2016-12-31 3.44
2016-09-30 2.10
2016-06-30 1.46

*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.
  • Tempur Sealy International is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Tempur Sealy International'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.
Tempur Sealy International 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.

TPX Past Performance

  How has Tempur Sealy International 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 Tempur Sealy International's growth in the last year to its industry (Consumer Durables).
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.
  • Tempur Sealy International's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Tempur Sealy International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tempur Sealy International's 1-year earnings growth is negative, it can't be compared to the US Consumer Durables industry average.
Earnings and Revenue History
Tempur Sealy International'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 Tempur Sealy International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TPX 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 2,756.40 121.20 893.00
2018-12-31 2,702.90 118.30 881.70
2018-09-30 2,712.00 134.50 873.70
2018-06-30 2,694.00 146.10 873.10
2018-03-31 2,615.90 174.30 840.00
2017-12-31 2,700.60 182.30 847.30
2017-09-30 2,840.30 167.90 875.40
2017-06-30 2,961.20 189.10 896.10
2017-03-31 3,130.00 184.90 928.30
2016-12-31 3,079.70 202.90 909.00
2016-09-30 3,125.10 127.40 917.40
2016-06-30 3,172.70 89.80 933.60
2016-03-31 3,132.70 89.70 942.60
2015-12-31 3,154.60 64.50 972.90
2015-09-30 3,129.40 131.40 965.50
2015-06-30 3,076.80 128.30 947.70
2015-03-31 3,027.40 104.90 918.70
2014-12-31 2,989.80 108.90 900.50
2014-09-30 2,922.40 89.80 880.50
2014-06-30 2,830.50 92.90 864.50
2014-03-31 2,776.10 93.50 850.50
2013-12-31 2,464.30 78.60 770.50
2013-09-30 2,127.30 74.60 672.70
2013-06-30 1,739.70 32.40 558.80
2013-03-31 1,408.60 63.10 467.50
2012-12-31 1,402.90 106.80 457.40
2012-09-30 1,428.57 139.61 452.40
2012-06-30 1,463.75 203.56 448.68

*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.
  • Whilst Tempur Sealy International made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Tempur Sealy International used its assets more efficiently than the US Consumer Durables industry average last year based on Return on Assets.
  • Tempur Sealy International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tempur Sealy International'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 Consumer Durables 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.
Tempur Sealy International has a total score of 2/6, 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.

TPX Health

 How is Tempur Sealy International'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 Tempur Sealy International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tempur Sealy International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tempur Sealy International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tempur Sealy International'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 0.5x 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 Tempur Sealy International Company Filings, last reported 1 month ago.

NYSE:TPX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 253.50 1,857.50 39.60
2018-12-31 217.50 1,646.20 45.80
2018-09-30 209.50 1,689.00 32.10
2018-06-30 158.30 1,784.10 32.60
2018-03-31 144.50 1,773.20 34.50
2017-12-31 114.70 1,753.10 41.10
2017-09-30 87.60 1,753.00 41.80
2017-06-30 27.10 1,861.60 38.50
2017-03-31 -11.30 1,856.70 42.50
2016-12-31 -34.30 1,888.10 65.70
2016-09-30 160.60 1,685.10 89.00
2016-06-30 168.00 1,676.80 137.90
2016-03-31 264.20 1,472.60 37.10
2015-12-31 302.60 1,454.80 153.90
2015-09-30 313.60 1,486.30 71.80
2015-06-30 267.30 1,576.00 35.40
2015-03-31 209.30 1,602.60 45.00
2014-12-31 215.30 1,564.70 62.50
2014-09-30 185.60 1,648.20 81.80
2014-06-30 167.50 1,777.90 121.50
2014-03-31 163.30 1,847.40 79.70
2013-12-31 130.10 1,837.90 81.00
2013-09-30 93.40 1,862.90 126.60
2013-06-30 37.60 1,943.60 101.40
2013-03-31 27.40 1,999.90 91.50
2012-12-31 22.30 1,029.30 179.30
2012-09-30 -12.45 652.14 151.74
2012-06-30 -12.14 683.71 134.20
  • Tempur Sealy International's level of debt (732.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1130.5% vs 732.7% today).
  • Debt is not well covered by operating cash flow (10.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Tempur Sealy International'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. Tempur Sealy International 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.

TPX Dividends

 What is Tempur Sealy International'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
0%
Current annual income from Tempur Sealy International dividends. Estimated to be 0% next year.
If you bought $2,000 of Tempur Sealy International shares you are expected to receive $0 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?
  • Unable to evaluate Tempur Sealy International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tempur Sealy International's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:TPX 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 11 Analyst Estimates (S&P Global) See Below
United States of America Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 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.

NYSE:TPX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
NYSE:TPX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-07-28 0.000 0.000
2010-07-20 0.000 0.000
2010-04-27 0.000 0.000
2010-04-20 0.000 0.000
2010-02-08 0.000 0.000
2010-01-26 0.000 0.000
2009-10-26 0.000 0.000
2009-10-15 0.000 0.000
2009-07-27 0.000 0.000
2009-07-17 0.000 0.000

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

  • Unable to perform a dividend volatility check as Tempur Sealy International has not reported any payouts.
  • Unable to verify if Tempur Sealy International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tempur Sealy International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tempur Sealy International has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Tempur Sealy International's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Tempur Sealy International'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 Tempur Sealy International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tempur Sealy International has a total score of 0/6, see the detailed checks below.


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

TPX Management

 What is the CEO of Tempur Sealy International'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
Scott Thompson
COMPENSATION $11,296,348
AGE 59
TENURE AS CEO 3.7 years
CEO Bio

Mr. Scott L. Thompson has been the Chairman, Chief Executive Officer and President of Tempur Sealy International Inc. since September 8, 2015. Mr. Thompson served as the Chief Executive Officer and President of Dollar Thrifty Automotive Group Inc., since October 13, 2008. Mr. Thompson served as the Chief Financial Officer and Senior Executive Vice President of Dollar Thrifty Automotive Group Inc. from May 23, 2008 to October 2008. He created a corporate culture dedicated to consistently delivering profitable growth and achieving stretch targets at Dollar Thrifty. He served as the Chief Financial Officer and Treasurer of Group 1 Automotive Inc. from December 1996 to March 31, 2004, its Senior Vice President from December 1996 to February 2002 and its Executive Vice President from February 2002 to March 31, 2004. He served as the Chief Accounting Officer of Group 1 Automotive Inc. until March 31, 2004. He served as an Executive Vice President of Operations and Finance for KSA Industries, Inc. from 1991 to 1996. His other responsibilities within the KSA group of companies included service as a Vice President and Director of three automobile dealerships and as a Director of Adams Resources Energy, Inc. He is a Private Investor, who consults with private equity companies. He held various positions with a public accounting firm from 1980 to 1991. He began his career with a national accounting firm. He served as the Chairman of Dollar Thrifty Automotive Group Inc. from December 2011 to September 2015. He served as the Non-Executive Chairman of Houston Wire & Cable Company from November 2007 to January 1, 2012. Mr. Thompson served as an Independent Director of Asbury Automotive Group, Inc. from January 7, 2015 to February 22, 2018. He served as a Director of Houston Wire & Cable Company from July 19, 2006 to September 17, 2015. He served as an Independent Director at Conns Inc. from June 2004 to September 17, 2015. He served as a Director of Dollar Thrifty Automotive Group Inc. from October 13, 2008 to September 2015. He served as an Independent Director of UAP Holding Corp. from March 66, 2007 to May 5, 2008. He is a Certified Public Accountant. Mr. Thompson studied BBA from Stephen F Austin State University in Nacogdoches Texas.

CEO Compensation
  • Scott's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Scott'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 Tempur Sealy International management team in years:

1.7
Average Tenure
55.5
Average Age
  • The average tenure for the Tempur Sealy International management team is less than 2 years, this suggests a new team.
Management Team

Scott Thompson

TITLE
Chairman of the Board
COMPENSATION
$11M
AGE
59
TENURE
3.7 yrs

Bhaskar Rao

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
52
TENURE
1.6 yrs

Scott Vollet

TITLE
Executive Vice President of Global Operations
COMPENSATION
$2M
AGE
54

David Montgomery

TITLE
Executive Vice President of Global Business Strategy & Development
COMPENSATION
$2M
AGE
57

Rick Anderson

TITLE
Executive VP & President of North America
COMPENSATION
$2M
AGE
58
TENURE
12.8 yrs

Aubrey Moore

TITLE
Director of Investor Relations

Tom Murray

TITLE
Senior Vice President of Marketing
AGE
49
TENURE
1 yrs

Carmen Dabiero

TITLE
Senior Vice President of Human Resources
AGE
62

H. Buster

TITLE
Executive Vice President of Direct to Consumer of North America
AGE
48
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Tempur Sealy International board of directors in years:

3.8
Average Tenure
62
Average Age
  • The tenure for the Tempur Sealy International board of directors is about average.
Board of Directors

Scott Thompson

TITLE
Chairman of the Board
COMPENSATION
$11M
AGE
59
TENURE
3.7 yrs

Robert Trussell

TITLE
Vice Chairman of the Board
COMPENSATION
$210K
AGE
67
TENURE
13.1 yrs

John Heil

TITLE
Director
COMPENSATION
$220K
AGE
65
TENURE
11.2 yrs

Evelyn Dilsaver

TITLE
Director
COMPENSATION
$223K
AGE
62
TENURE
9.4 yrs

Jon Luther

TITLE
Director
COMPENSATION
$223K
AGE
74
TENURE
4 yrs

Rick Neu

TITLE
Lead Director
COMPENSATION
$245K
AGE
62
TENURE
3 yrs

Arik Ruchim

TITLE
Director
AGE
38
TENURE
1 yrs

Cathy Gates

TITLE
Director
COMPENSATION
$138K
AGE
59
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Tempur Sealy International insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. May 19 Sell David Montgomery Individual 06. May 19 06. May 19 -20,000 $62.86 $-1,257,200
08. May 19 Sell Scott Vollet Individual 06. May 19 06. May 19 -3,244 $65.39 $-212,125
21. Feb 19 Sell Robert Trussell Individual 19. Feb 19 19. Feb 19 -7,500 $57.73 $-432,975
X
Management checks
We assess Tempur Sealy International'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. Tempur Sealy International 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.

TPX News

Simply Wall St News

Does Tempur Sealy International, Inc.'s (NYSE:TPX) CEO Salary Reflect Performance?

Scott Thompson has been the CEO of Tempur Sealy International, Inc. … View our latest analysis for Tempur Sealy International How Does Scott Thompson's Compensation Compare With Similar Sized Companies? … With a total shareholder return of 5.5% over three years, Tempur Sealy International, Inc.

Simply Wall St -

How Many Tempur Sealy International, Inc. (NYSE:TPX) Shares Have Insiders Sold, In The Last Year?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. … Tempur Sealy International Insider Transactions Over The Last Year. … That means that even when the share price was below the current price of US$62.12, an insider wanted to cash in some shares.

Simply Wall St -

Does Tempur Sealy International, Inc. (NYSE:TPX) Have A High Beta?

(NYSE:TPX), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Should You Be Excited About Tempur Sealy International, Inc.'s (NYSE:TPX) 53% Return On Equity?

Tempur Sealy International has a ROE of 53%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.53 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

If You Had Bought Tempur Sealy International (NYSE:TPX) Stock A Year Ago, You Could Pocket A 25% Gain Today

(NYSE:TPX) share price is 25% higher than it was a year ago, much better than the market return of around 5.8% (not including dividends) in the same period. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Indeed, when EPS is declining but the share price is up, it often means the market is considering other factors.

Simply Wall St -

Tempur Sealy International, Inc. (NYSE:TPX): Is It A Good Long Term Opportunity?

In December 2018, Tempur Sealy International, Inc. … (NYSE:TPX) announced its latest earnings update, whicha

Simply Wall St -

Will Tempur Sealy International, Inc.'s (NYSE:TPX) Earnings Grow In The Next 12 Months?

As Tempur Sealy International, Inc. … (NYSE:TPX) announced its earnings release on 31 December 2018, … with profits predicted to ramp up by an impressive 59% next year,

Simply Wall St -

Despite Its High P/E Ratio, Is Tempur Sealy International, Inc. (NYSE:TPX) Still Undervalued?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Tempur Sealy International has a P/E ratio of 26.21, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Tempur Sealy International, Inc.'s (NYSE:TPX) CEO Pay Fair?

In 2015 Scott Thompson was appointed CEO of Tempur Sealy International, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Scott Thompson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Estimating The Intrinsic Value Of Tempur Sealy International, Inc. (NYSE:TPX)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Tempur Sealy International, Inc. … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not December 2018 then I highly recommend you check out the latest calculation for Tempur Sealy International by following the link below

Simply Wall St -

TPX Company Info

Description

Tempur Sealy International, Inc., together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands. The company sells its products through third party retailers, including third party distribution, hospitality, and healthcare; and company-owned stores, e-commerce, and call centers, as well as offers Cocoon by Sealy branded products through online. It is also involved in licensing its Sealy, and Stearns & Foster brands, technology, and trademarks to other manufacturers. Tempur Sealy International, Inc. was founded in 1989 and is based in Lexington, Kentucky.

Details
Name: Tempur Sealy International, Inc.
TPX
Exchange: NYSE
Founded: 1989
$3,492,414,334
54,731,458
Website: http://www.tempursealy.com
Address: Tempur Sealy International, Inc.
1000 Tempur Way,
Lexington,
Kentucky, 40511,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TPX Common Stock New York Stock Exchange US USD 18. Dec 2003
DB TPD Common Stock Deutsche Boerse AG DE EUR 18. Dec 2003
Number of employees
Current staff
Staff numbers
6,200
Tempur Sealy International employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 04:01
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.