NasdaqGS:TTS

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Risks

  • Tile Shop Holdings has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Tile Shop Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.7%

NasdaqGS:TTS

-3.4%

US Specialty Retail

-1.0%

US Market


1 Year Return

-70.1%

NasdaqGS:TTS

-6.5%

US Specialty Retail

-0.4%

US Market

TTS underperformed the Specialty Retail industry which returned -6.5% over the past year.

TTS underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

TTSIndustryMarket
7 Day-3.7%-3.4%-1.0%
30 Day-43.1%-6.7%-3.3%
90 Day-50.3%-6.4%0.8%
1 Year-68.7%-70.1%-5.0%-6.5%1.9%-0.4%
3 Year-85.2%-86.3%17.8%11.8%39.4%30.4%
5 Year-78.4%-80.1%41.5%28.9%54.2%37.1%

Price Volatility Vs. Market

How volatile is Tile Shop Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

45.45x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Tile Shop Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Tile Shop Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Tile Shop Holdings is good value based on expected growth next year.


Price Based on Value of Assets

Tile Shop Holdings is good value based on assets compared to the US Specialty Retail industry average.


Next Steps

Future Growth

How is Tile Shop Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

97.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Tile Shop Holdings's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).

Tile Shop Holdings's earnings are expected to grow significantly at over 20% yearly.

Tile Shop Holdings's revenue growth is positive but not above the United States of America market average.

Tile Shop Holdings's earnings growth is expected to exceed the United States of America market average.

Tile Shop Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Tile Shop Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Tile Shop Holdings performed over the past 5 years?

-11.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 is negative, it can't be compared to the 5-year average.

Tile Shop Holdings's 1-year earnings growth is negative, it can't be compared to the US Specialty Retail industry average.


Return on Equity

Tile Shop Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Tile Shop Holdings used its assets less efficiently than the US Specialty Retail industry average last year based on Return on Assets.


Return on Capital Employed

Tile Shop Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Tile Shop Holdings's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Tile Shop Holdings's level of debt (45.6%) 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 (102.7% vs 45.6% today).

Debt is well covered by operating cash flow (33.1%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2x debt.


Next Steps

Dividend

What is Tile Shop Holdings's current dividend yield, its reliability and sustainability?

8.62%

Current Dividend Yield


Dividend Yield and Payments Analysis

Tile Shop Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Tile Shop Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

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 3 years, and since then there has been no growth.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.9yrs

Average board tenure


CEO

Cabby Lolmaugh (40yo)

0.6yrs

Tenure

US$494,523

Compensation

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 Operati ...


CEO Compensation Analysis

Cabby's remuneration is about average for companies of similar size in United States of America.

Insufficient data for Cabby to compare compensation growth.


Board Age and Tenure

4.9yrs

Average Tenure

62yo

Average Age

The tenure for the Tile Shop Holdings board of directors is about average.


Insider Trading

More shares have been bought than sold by Tile Shop Holdings individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$263,15012 Aug 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares105,000
Max PriceUS$2.56
BuyUS$41,00017 Jun 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares10,000
Max PriceUS$4.10
BuyUS$84,60012 Jun 19
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Shares20,584
Max PriceUS$4.11
BuyUS$5,82012 Jun 19
3K Limited Partnership
EntityCompany
Shares1,416
Max PriceUS$4.11
BuyUS$40,50012 Jun 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares10,000
Max PriceUS$4.05
BuyUS$21,24110 Jun 19
3K Limited Partnership
EntityCompany
Shares5,362
Max PriceUS$4.12
BuyUS$332,47710 Jun 19
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Shares84,052
Max PriceUS$4.12
BuyUS$283,16706 Jun 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares70,000
Max PriceUS$4.23
BuyUS$40,00006 Jun 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares10,000
Max PriceUS$4.00
BuyUS$416,82106 Jun 19
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Shares99,714
Max PriceUS$4.19
BuyUS$24,20306 Jun 19
3K Limited Partnership
EntityCompany
Shares5,790
Max PriceUS$4.19
BuyUS$118,40015 Mar 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares20,000
Max PriceUS$5.94
BuyUS$120,40006 Mar 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares20,000
Max PriceUS$6.02
BuyUS$310,60025 Feb 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares50,000
Max PriceUS$6.28
BuyUS$107,00017 Dec 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares20,000
Max PriceUS$5.35
BuyUS$221,40011 Dec 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares40,000
Max PriceUS$5.63
BuyUS$170,13310 Dec 18
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Shares29,879
Max PriceUS$5.78
BuyUS$12,10010 Dec 18
3K Limited Partnership
EntityCompany
Shares2,125
Max PriceUS$5.78
BuyUS$731,91104 Dec 18
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Shares124,088
Max PriceUS$5.94
BuyUS$52,52104 Dec 18
3K Limited Partnership
EntityCompany
Shares8,905
Max PriceUS$5.94
BuyUS$414,40004 Dec 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares70,000
Max PriceUS$6.00
BuyUS$242,50029 Nov 18
Todd Krasnow
EntityIndividual
Role
Member of the Board of Directors
Shares40,000
Max PriceUS$6.26
BuyUS$405,33619 Nov 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares67,194
Max PriceUS$6.08
BuyUS$15,20219 Nov 18
3K Limited Partnership
EntityCompany
Shares2,612
Max PriceUS$5.82
BuyUS$217,59819 Nov 18
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Shares37,388
Max PriceUS$5.82
BuyUS$311,30029 Oct 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares50,500
Max PriceUS$6.23
BuyUS$558,60023 Oct 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares90,000
Max PriceUS$6.38
BuyUS$295,45117 Sep 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Shares41,127
Max PriceUS$7.23

Ownership Breakdown


Management Team

  • Bob Rucker (67yo)

    Founder

    • Compensation: $24.60k
  • Kirk Geadelmann (50yo)

    CFO & Senior VP

    • Tenure: 5.0yrs
    • Compensation: $392.03k
  • Cabby Lolmaugh (40yo)

    CEO, President & Director

    • Tenure: 0.6yrs
    • Compensation: $494.52k
  • Mark Davis

    Investor Relations Officer


Board Members

  • Todd Krasnow (62yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: $164.79k
  • Philip Livingston (62yo)

    Director

    • Tenure: 3.0yrs
    • Compensation: $109.06k
  • Peter Kamin (57yo)

    Chairman of the Board

    • Tenure: 3.0yrs
    • Compensation: $201.94k
  • Bob Rucker (67yo)

    Founder

    • Tenure: 7.2yrs
    • Compensation: $24.60k
  • Peter Jacullo (64yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: $105.79k
  • Chris Cook (49yo)

    Director

    • Tenure: 4.9yrs
    • Compensation: $121.66k
  • Cabby Lolmaugh (40yo)

    CEO, President & Director

    • Tenure: 0.6yrs
    • Compensation: $494.52k

Company Information

Tile Shop Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tile Shop Holdings, Inc.
  • Ticker: TTS
  • Exchange: NasdaqGS
  • Founded: 1985
  • Industry: home improvement retail
  • Sector: retail
  • Market Cap: US$118.120m
  • Shares outstanding: 50.91m
  • Website: Click here

Number of Employees


Location

  • Tile Shop Holdings, Inc.
  • 14000 Carlson Parkway
  • Plymouth
  • Minnesota
  • 55441
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTSNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDAug 2012
2TSDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2012

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 00:31
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.