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Tile Shop Holdings

Nasdaq:TTS
Snowflake Description

Moderate growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTS
Nasdaq
$239M
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Tile Shop Holdings, Inc. operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The last earnings update was 18 days ago. More info.


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  • Tile Shop Holdings has significant price volatility in the past 3 months.
TTS Share Price and Events
7 Day Returns
-3.2%
NasdaqGS:TTS
-5.4%
US Specialty Retail
-1.4%
US Market
1 Year Returns
-38.5%
NasdaqGS:TTS
4.2%
US Specialty Retail
1.6%
US Market
TTS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tile Shop Holdings (TTS) -3.2% -19.9% -27.3% -38.5% -75.1% -69.7%
US Specialty Retail -5.4% -9.9% -1.7% 4.2% 21.5% 37.5%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • TTS underperformed the Specialty Retail industry which returned 4.2% over the past year.
  • TTS underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
TTS
Industry
5yr Volatility vs Market

Value

 Is Tile Shop Holdings 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 Tile Shop Holdings 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 Tile Shop Holdings.

NasdaqGS:TTS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
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:TTS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.846 (1 + (1- 21%) (89.49%))
1.297
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.297 * 5.96%)
10.46%

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

The calculations below outline how an intrinsic value for Tile Shop Holdings 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:TTS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.46%)
2019 1.20 Analyst x1 1.09
2020 8.70 Analyst x1 7.13
2021 13.87 Est @ 59.37% 10.29
2022 19.74 Est @ 42.38% 13.26
2023 25.76 Est @ 30.49% 15.66
2024 31.47 Est @ 22.16% 17.32
2025 36.61 Est @ 16.33% 18.24
2026 41.09 Est @ 12.25% 18.54
2027 44.95 Est @ 9.39% 18.36
2028 48.28 Est @ 7.39% 17.85
Present value of next 10 years cash flows $137.73
NasdaqGS:TTS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $48.28 × (1 + 2.73%) ÷ (10.46% – 2.73%)
$641.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $641.36 ÷ (1 + 10.46%)10
$237.11
NasdaqGS:TTS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $137.73 + $237.11
$374.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $374.84 / 52.95
$7.08
NasdaqGS:TTS Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.08
Current discount Discount to share price of $4.52
= -1 x ($4.52 - $7.08) / $7.08
36.1%

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

Current Discount
Amount off the current price Tile Shop Holdings is available for.
Intrinsic value
36%
Share price is $4.52 vs Future cash flow value of $7.08
Current Discount Checks
For Tile Shop Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tile Shop Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tile Shop Holdings'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 Tile Shop Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tile Shop Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TTS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.15
NasdaqGS:TTS Share Price ** NasdaqGS (2019-05-24) in USD $4.52
United States of America Specialty Retail Industry PE Ratio Median Figure of 65 Publicly-Listed Specialty Retail Companies 15.84x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

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

** Primary Listing of Tile Shop Holdings.

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

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

= 4.52 ÷ 0.15

30.28x

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

  • Tile Shop Holdings is overvalued based on earnings compared to the US Specialty Retail industry average.
  • Tile Shop Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tile Shop Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:TTS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
26.9%per year
United States of America Specialty Retail Industry PEG Ratio Median Figure of 56 Publicly-Listed Specialty Retail Companies 1.49x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.28x ÷ 26.9%

1.13x

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

  • Tile Shop Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tile Shop Holdings's assets?
Raw Data
NasdaqGS:TTS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.88
NasdaqGS:TTS Share Price * NasdaqGS (2019-05-24) in USD $4.52
United States of America Specialty Retail Industry PB Ratio Median Figure of 99 Publicly-Listed Specialty Retail Companies 1.39x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
NasdaqGS:TTS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.52 ÷ 2.88

1.57x

* Primary Listing of Tile Shop Holdings.

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

  • Tile Shop Holdings is overvalued based on assets compared to the US Specialty Retail industry average.
X
Value checks
We assess Tile Shop Holdings'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Tile Shop Holdings has a total score of 1/6, 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 Tile Shop Holdings expected to perform in the next 1 to 3 years based on estimates from 5 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
26.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tile Shop Holdings expected to grow at an attractive rate?
  • Tile Shop Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tile Shop Holdings's earnings growth is expected to exceed the United States of America market average.
  • Tile Shop Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TTS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TTS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 26.9%
NasdaqGS:TTS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.8%
United States of America Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
United States of America Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
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
NasdaqGS:TTS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TTS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 384 42 12 4
2019-12-31 358 63 9 5
NasdaqGS:TTS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 353 28 8
2018-12-31 357 18 10
2018-09-30 352 12 4
2018-06-30 347 30 4
2018-03-31 344 35 7
2017-12-31 345 46 11
2017-09-30 343 52 18
2017-06-30 337 48 21
2017-03-31 332 46 20
2016-12-31 324 54 18
2016-09-30 319 60 22
2016-06-30 313 62 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tile Shop Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Tile Shop Holdings's revenue is expected to grow by 5.8% 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:TTS 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 5 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:TTS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.23 0.25 0.19 4.00
2019-12-31 0.17 0.20 0.13 5.00
NasdaqGS:TTS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.15
2018-12-31 0.20
2018-09-30 0.08
2018-06-30 0.08
2018-03-31 0.13
2017-12-31 0.21
2017-09-30 0.36
2017-06-30 0.40
2017-03-31 0.38
2016-12-31 0.36
2016-09-30 0.43
2016-06-30 0.41

*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.
  • Unable to establish if Tile Shop Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tile Shop Holdings'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.
Tile Shop Holdings has a total score of 3/6, 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 Tile Shop Holdings 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 Tile Shop Holdings's growth in the last year to its industry (Specialty Retail).
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.
  • Tile Shop Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Tile Shop Holdings's 1-year earnings growth exceeds its 5-year average (13.6% vs -6.2%)
  • Tile Shop Holdings's earnings growth has exceeded the US Specialty Retail industry average in the past year (13.6% vs 9.4%).
Earnings and Revenue History
Tile Shop Holdings'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 Tile Shop Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TTS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 353.03 7.75 233.57
2018-12-31 357.25 10.44 232.55
2018-09-30 351.89 4.17 227.23
2018-06-30 347.05 4.06 221.38
2018-03-31 343.60 6.82 214.22
2017-12-31 344.60 10.82 207.50
2017-09-30 342.63 18.44 200.14
2017-06-30 336.77 20.59 194.49
2017-03-31 331.58 19.71 190.33
2016-12-31 324.16 18.46 186.38
2016-09-30 319.46 21.98 183.85
2016-06-30 313.30 21.15 181.10
2016-03-31 304.74 18.80 177.09
2015-12-31 292.99 15.70 173.10
2015-09-30 284.42 13.42 169.63
2015-06-30 274.82 11.16 165.31
2015-03-31 265.78 10.50 160.76
2014-12-31 257.19 10.55 155.47
2014-09-30 251.66 10.46 151.40
2014-06-30 245.65 13.01 143.80
2014-03-31 237.11 12.77 135.37
2013-12-31 229.56 -35.66 125.52
2013-09-30 217.95 -72.90 115.79
2013-06-30 205.43 -108.81 106.46
2013-03-31 193.62 -101.74 99.61
2012-12-31 182.65 -46.89 94.32
2012-09-30 174.17 5.63 88.75
2012-06-30 166.96 41.41 86.12

*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.
  • Tile Shop Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tile Shop Holdings used its assets less efficiently than the US Specialty Retail industry average last year based on Return on Assets.
  • Tile Shop Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tile Shop Holdings'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 Specialty Retail 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.
Tile Shop Holdings 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.

Health

 How is Tile Shop Holdings'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 Tile Shop Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tile Shop Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tile Shop Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tile Shop Holdings'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 0.6x 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 Tile Shop Holdings Company Filings, last reported 1 month ago.

NasdaqGS:TTS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 152.29 214.18 7.94
2018-12-31 146.35 53.44 5.56
2018-09-30 149.39 46.47 10.11
2018-06-30 148.79 29.97 9.91
2018-03-31 145.87 25.69 7.15
2017-12-31 143.87 27.59 6.62
2017-09-30 153.51 14.49 12.43
2017-06-30 151.13 19.50 12.01
2017-03-31 145.18 27.86 13.59
2016-12-31 138.90 29.11 6.07
2016-09-30 137.40 24.79 9.84
2016-06-30 131.59 30.55 13.41
2016-03-31 123.20 41.81 16.41
2015-12-31 115.20 56.72 10.33
2015-09-30 109.91 63.59 14.64
2015-06-30 104.51 69.90 12.83
2015-03-31 98.67 74.81 8.96
2014-12-31 93.70 93.01 5.76
2014-09-30 92.85 95.21 5.67
2014-06-30 90.03 96.15 3.53
2014-03-31 84.97 94.71 4.29
2013-12-31 78.50 96.68 1.76
2013-09-30 77.81 91.61 3.85
2013-06-30 72.54 76.50 3.81
2013-03-31 36.66 68.77 15.76
2012-12-31 -44.76 74.82 2.99
2012-09-30 -14.38 73.23 5.96
2012-06-30 86.42 4.31 16.92
  • Tile Shop Holdings's level of debt (140.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (111.4% vs 140.6% today).
  • Debt is not well covered by operating cash flow (13.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Tile Shop Holdings'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. Tile Shop Holdings 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 Tile Shop Holdings'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
4.42%
Current annual income from Tile Shop Holdings dividends. Estimated to be 4.42% next year.
If you bought $2,000 of Tile Shop Holdings shares you are expected to receive $88 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?
  • Tile Shop Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Tile Shop Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.75%).
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:TTS 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 5 Analyst Estimates (S&P Global) See Below
United States of America Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 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 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:TTS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.20 1.00
2020-12-31 0.20 1.00
2019-12-31 0.20 1.00
NasdaqGS:TTS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.200 4.345
2019-02-26 0.200 3.390
2019-02-19 0.200 3.224
2018-10-26 0.200 3.199
2018-10-18 0.200 3.178
2018-04-19 0.200 2.677
2018-02-21 0.200 3.503
2017-10-26 0.200 2.239
2017-10-17 0.200 2.246
2017-08-04 0.200 1.564
2017-07-18 0.200 1.383
2017-02-14 0.200 1.023

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

  • Whilst dividend payments have been stable, Tile Shop Holdings has been paying a dividend for less than 10 years.
  • Tile Shop Holdings has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Tile Shop Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Tile Shop Holdings'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 Tile Shop Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tile Shop Holdings has a total score of 3/6, 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 Tile Shop Holdings'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
Cabby Lolmaugh
COMPENSATION $494,523
AGE 39
TENURE AS CEO 0.3 years
CEO Bio

Mr. Cabell H. Lolmaugh, also known as Cabby, has been President, Chief Executive Officer and Director of Tile Shop Holdings, Inc. since January 1, 2019. He served as Senior Vice President and Chief Operating Officer of Tile Shop Holdings Inc. from February 19, 2018 to January 01, 2019. After serving four year years in the U.S. Marine Corps., Mr. Lolmaugh joined the Tile Shop in 2001, working in the warehouse of the Roseville's MN store. From that time through 2012, he served in various roles at several locations, including Store Manager in Roseville, MN and Chicago, IL. In 2014, Mr. Lolmaugh was asked to develop and lead the pro customer strategy. In 2016, he became the first Director of Talent Development and was responsible for creating and implementing a comprehensive new sales associate and store manager training program nationwide, which included launching new training, development and compensation programs for new sales associates and senior assistant store managers, which became the foundation of the talent development strategy. Mr. Lolmaugh served as Vice President of Retail Stores from October 2017 until February 2018. Previously, Mr. Lolmaugh served as Director-Talent Development from January 2016 until October 2017, and Director of Pro Services from July 2014 through January 2016. Mr. Lolmaugh served in numerous key roles at a store level from January 2002 through July 2014. Prior to joining Tile Shop Holdings Inc.

CEO Compensation
  • Insufficient data for Cabby to compare compensation growth.
  • Cabby's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Cabby Lolmaugh

TITLE
CEO, President & Director
COMPENSATION
$495K
AGE
39
TENURE
0.3 yrs

Bob Rucker

TITLE
Founder
COMPENSATION
$25K
AGE
66

Kirk Geadelmann

TITLE
CFO & Senior VP
COMPENSATION
$392K
AGE
49
TENURE
4.8 yrs

Ken Cooper

TITLE
Investor Relations Officer
Board of Directors Tenure

Average tenure and age of the Tile Shop Holdings board of directors in years:

4.7
Average Tenure
61
Average Age
  • The tenure for the Tile Shop Holdings board of directors is about average.
Board of Directors

Peter Kamin

TITLE
Chairman of the Board
COMPENSATION
$202K
AGE
56
TENURE
2.8 yrs

Cabby Lolmaugh

TITLE
CEO, President & Director
COMPENSATION
$495K
AGE
39
TENURE
0.3 yrs

Bob Rucker

TITLE
Founder
COMPENSATION
$25K
AGE
66
TENURE
6.9 yrs

Todd Krasnow

TITLE
Director
COMPENSATION
$165K
AGE
61
TENURE
6.8 yrs

Chris Cook

TITLE
Director
COMPENSATION
$122K
AGE
48
TENURE
4.7 yrs

Philip Livingston

TITLE
Director
COMPENSATION
$109K
AGE
61
TENURE
2.8 yrs

Peter Jacullo

TITLE
Director
COMPENSATION
$106K
AGE
63
TENURE
6.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tile Shop Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Mar 19 Buy Peter Jacullo Individual 14. Mar 19 14. Mar 19 20,000 $5.94 $118,400
06. Mar 19 Buy Peter Jacullo Individual 04. Mar 19 06. Mar 19 20,000 $6.02 $120,400
25. Feb 19 Buy Peter Jacullo Individual 21. Feb 19 22. Feb 19 50,000 $6.28 $310,600
17. Dec 18 Buy Peter Jacullo Individual 13. Dec 18 14. Dec 18 20,000 $5.35 $107,000
11. Dec 18 Buy Peter Jacullo Individual 07. Dec 18 11. Dec 18 40,000 $5.63 $221,400
10. Dec 18 Buy 3K Limited Partnership Company 06. Dec 18 07. Dec 18 2,125 $5.78 $12,100
10. Dec 18 Buy Peter Kamin Individual 06. Dec 18 07. Dec 18 29,879 $5.78 $170,133
04. Dec 18 Buy 3K Limited Partnership Company 30. Nov 18 04. Dec 18 8,905 $5.94 $52,521
04. Dec 18 Buy Peter Kamin Individual 30. Nov 18 04. Dec 18 124,088 $5.94 $731,911
04. Dec 18 Buy Peter Jacullo Individual 30. Nov 18 04. Dec 18 70,000 $6.00 $414,400
29. Nov 18 Buy Todd Krasnow Individual 26. Nov 18 28. Nov 18 40,000 $6.26 $242,500
19. Nov 18 Buy 3K Limited Partnership Company 15. Nov 18 15. Nov 18 2,612 $5.82 $15,202
19. Nov 18 Buy Peter Kamin Individual 15. Nov 18 15. Nov 18 37,388 $5.82 $217,598
19. Nov 18 Buy Peter Jacullo Individual 15. Nov 18 19. Nov 18 67,194 $6.08 $405,336
29. Oct 18 Buy Peter Jacullo Individual 25. Oct 18 29. Oct 18 50,500 $6.23 $311,300
23. Oct 18 Buy Peter Jacullo Individual 19. Oct 18 23. Oct 18 90,000 $6.38 $558,600
17. Sep 18 Buy Peter Jacullo Individual 13. Sep 18 14. Sep 18 41,127 $7.23 $295,451
X
Management checks
We assess Tile Shop Holdings'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. Tile Shop Holdings 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

Is Tile Shop Holdings, Inc. (NASDAQ:TTS) A Financially Sound Company?

Moreover, TTS has generated cash from operations of US$28m during the same period of time, leading to an operating cash to total debt ratio of 13%, meaning that TTS’s current level of operating cash is not high enough to cover debt. … With current liabilities at US$86m, it seems that the business has been able to meet these obligations given the level of current assets of US$136m, with a current ratio of 1.59x. … Next Steps: Although TTS’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Do Investors Have Good Reason To Be Wary Of Tile Shop Holdings, Inc.'s (NASDAQ:TTS) 4.2% Dividend Yield?

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … In this case, Tile Shop Holdings pays a decent-sized 4.2% dividend yield, and has been distributing cash to shareholders for the past two years. … Remember that the recent share price drop will make Tile Shop Holdings's yield look higher, even though recent events might have impacted the company's prospects.

Simply Wall St -

Why You Should Care About Tile Shop Holdings, Inc.’s (NASDAQ:TTS) Low Return On Capital

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

At US$5.91, Is Tile Shop Holdings, Inc. (NASDAQ:TTS) Worth Looking At Closely?

Tile Shop Holdings, Inc. … A question to answer is whether Tile Shop Holdings's current trading price of $5.91 reflective of the actual value of the? … Let’s take a look at Tile Shop Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

The Tile Shop Holdings (NASDAQ:TTS) Share Price Is Down 62% So Some Shareholders Are Wishing They Sold

For example, after five long years the Tile Shop Holdings, Inc. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Tile Shop Holdings moved from a loss to profitability.

Simply Wall St -

Before You Buy Tile Shop Holdings, Inc. (NASDAQ:TTS), Consider Its Volatility

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Tile Shop Holdings, Inc. (NASDAQ:TTS): Does The Earnings Decline Make It An Underperformer?

Examining Tile Shop Holdings, Inc.'s (NASDAQ:TTS) past track record of performance is a useful exercise for investors. … Below, I will assess TTS's latest performance announced on 31 December 2018 and weight these figures against its longer term trend and industry movements. … See our latest analysis for Tile Shop Holdings.

Simply Wall St -

Why Tile Shop Holdings, Inc.'s (NASDAQ:TTS) High P/E Ratio Isn't Necessarily A Bad Thing

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Tile Shop Holdings, Inc.'s (NASDAQ:TTS) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Can Tile Shop Holdings, Inc. (NASDAQ:TTS) Improve Its Returns?

That means that for every $1 worth of shareholders' equity, it generated $0.028 in profit. … Check out our latest analysis for Tile Shop Holdings? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Tile Shop Holdings, Inc. (NASDAQ:TTS) An Attractive Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does Tile Shop Holdings tick all the boxes of a great dividend stock? … View our latest analysis for Tile Shop Holdings?

Simply Wall St -

Company Info

Description

Tile Shop Holdings, Inc. operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands. The company also manufactures setting and maintenance materials, such as thinset, grout, sealers, and accessories, including installation tools, shower and bath shelves, drains, and similar products under the Superior brand name. As of March 19, 2019, it operated 140 stores in 31 states and the District of Columbia. Tile Shop Holdings, Inc. was founded in 1985 and is headquartered in Plymouth, Minnesota.

Details
Name: Tile Shop Holdings, Inc.
TTS
Exchange: NasdaqGS
Founded: 1985
$239,339,500
52,951,217
Website: http://www.tileshop.com
Address: Tile Shop Holdings, Inc.
14000 Carlson Parkway,
Plymouth,
Minnesota, 55441,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TTS Common Shares Nasdaq Global Select US USD 23. Aug 2012
DB 2TS Common Shares Deutsche Boerse AG DE EUR 23. Aug 2012
Number of employees
Current staff
Staff numbers
1,682
Tile Shop Holdings employees.
Industry
Home Improvement Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:31
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/01
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.