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

Good value with moderate growth potential.


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

-63.0%

TTS

1.3%

US Specialty Retail

0.07%

US Market


1 Year Return

-82.1%

TTS

8.0%

US Specialty Retail

8.9%

US Market

Return vs Industry: TTS underperformed the US Specialty Retail industry which returned 8% over the past year.

Return vs Market: TTS underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

TTSIndustryMarket
7 Day-63.0%1.3%0.07%
30 Day-63.1%5.0%-0.3%
90 Day-58.8%3.3%-1.6%
1 Year-81.3%-82.1%9.8%8.0%11.3%8.9%
3 Year-92.8%-93.3%44.6%37.1%46.3%36.8%
5 Year-85.6%-86.7%55.9%42.6%62.1%44.3%

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 compared to its fair value and its price relative to the market?

42.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TTS ($1.13) is trading below our estimate of fair value ($1.97)

Significantly Below Fair Value: TTS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TTS is poor value based on its PE Ratio (22.1x) compared to the Specialty Retail industry average (15.7x).

PE vs Market: TTS is poor value based on its PE Ratio (22.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: TTS is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: TTS is good value based on its PB Ratio (0.4x) compared to the US Specialty Retail industry average (1.5x).


Next Steps

Future Growth

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

67.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTS's forecast earnings growth (67.5% per year) is above the savings rate (2.7%).

Earnings vs Market: TTS's earnings (67.5% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TTS's revenue (2.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: TTS's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TTS's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: TTS's earnings have declined by -11% per year over the past 5 years.

Accelerating Growth: TTS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TTS had negative earnings growth (-34.9%) over the past year, making it difficult to compare to the Specialty Retail industry average (8.3%).


Return on Equity

High ROE: TTS's Return on Equity (1.9%) is considered low.


Return on Assets

ROA vs Industry: TTS's Return on Assets is below or equal to the Specialty Retail industry average last year.


Return on Capital Employed

ROCE Improving: TTS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Tile Shop Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TTS's short term assets ($127.9M) exceeds its short term liabilities ($75.0M)

Long Term Liabilities: TTS's short term assets (127.9M) do not cover its long term liabilities (204.3M)


Debt to Equity History and Analysis

Debt Level: TTS's debt to equity ratio (45.6%) is considered high

Reducing Debt: TTS's debt to equity ratio has reduced from 102.7% to 45.6% over the past 5 years.

Debt Coverage: TTS's debt is well covered by operating cash flow (33.1%).

Interest Coverage: TTS's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Inventory Level: TTS has a high level of physical assets or inventory.

Debt Coverage by Assets: TTS's debt is covered by short term assets (assets are 2.030220x debt).


Next Steps

Dividend

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

17.70%

Current Dividend Yield


Dividend Yield vs Market

company17.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TTS's dividend (17.7%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: TTS's dividend (17.7%) is in the top 25% of dividend payers in the US market (3.68%)

Stable Dividend: Whilst dividend payments have been stable, TTS has been paying a dividend for less than 10 years.

Growing Dividend: TTS has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (391.8%), TTS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


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?

0.4yrs

Average management tenure


CEO

Cabby Lolmaugh (40yo)

0.8yrs

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

Compensation vs. Market: Cabby has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Cabby's compensation with company performance.


Management Age and Tenure

0.4yrs

Average Tenure

50yo

Average Age

Experienced Management: TTS's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Age and Tenure

5.1yrs

Average Tenure

62yo

Average Age

Experienced Board: TTS's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

Insider Buying: TTS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$81,03221 Aug 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares35,014
Max PriceUS$2.32
BuyUS$263,15012 Aug 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares105,000
Max PriceUS$2.56
BuyUS$41,00017 Jun 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$4.10
BuyUS$5,82012 Jun 19
3K Limited Partnership
EntityCompany
Shares1,416
Max PriceUS$4.11
BuyUS$84,60012 Jun 19
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares20,584
Max PriceUS$4.11
BuyUS$40,50012 Jun 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
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
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
Independent Director
Shares70,000
Max PriceUS$4.23
BuyUS$40,00006 Jun 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$4.00
BuyUS$24,20306 Jun 19
3K Limited Partnership
EntityCompany
Shares5,790
Max PriceUS$4.19
BuyUS$416,82106 Jun 19
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares99,714
Max PriceUS$4.19
BuyUS$118,40015 Mar 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$5.94
BuyUS$120,40006 Mar 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$6.02
BuyUS$310,60025 Feb 19
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50,000
Max PriceUS$6.28
BuyUS$107,00017 Dec 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$5.35
BuyUS$221,40011 Dec 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares40,000
Max PriceUS$5.63
BuyUS$12,10010 Dec 18
3K Limited Partnership
EntityCompany
Shares2,125
Max PriceUS$5.78
BuyUS$170,13310 Dec 18
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares29,879
Max PriceUS$5.78
BuyUS$52,52104 Dec 18
3K Limited Partnership
EntityCompany
Shares8,905
Max PriceUS$5.94
BuyUS$731,91104 Dec 18
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares124,088
Max PriceUS$5.94
BuyUS$414,40004 Dec 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares70,000
Max PriceUS$6.00
BuyUS$242,50029 Nov 18
Todd Krasnow
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares40,000
Max PriceUS$6.26
BuyUS$405,33619 Nov 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares67,194
Max PriceUS$6.08
BuyUS$217,59819 Nov 18
Peter Kamin
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares37,388
Max PriceUS$5.82
BuyUS$15,20219 Nov 18
3K Limited Partnership
EntityCompany
Shares2,612
Max PriceUS$5.82
BuyUS$311,30029 Oct 18
Peter Jacullo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50,500
Max PriceUS$6.23

Ownership Breakdown


Management Team

  • Bob Rucker (67yo)

    Founder

    • Tenure: 7.3yrs
    • Compensation: US$24.60k
  • Kirk Geadelmann (50yo)

    Executive Officer

    • Tenure: 5.2yrs
    • Compensation: US$392.03k
  • Cabby Lolmaugh (40yo)

    CEO, President & Director

    • Tenure: 0.8yrs
    • Compensation: US$494.52k
  • Mark Davis (39yo)

    Chief Accounting Officer & VP of IR

    • Tenure: 0.08yrs
  • Nancy DiMattia (59yo)

    CFO & Senior VP

    • Tenure: 0.08yrs

Board Members

  • Todd Krasnow (62yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: US$164.79k
  • Philip Livingston (62yo)

    Director

    • Tenure: 3.2yrs
    • Compensation: US$109.06k
  • Peter Kamin (57yo)

    Chairman of the Board

    • Tenure: 3.2yrs
    • Compensation: US$201.94k
  • Bob Rucker (67yo)

    Founder

    • Tenure: 7.3yrs
    • Compensation: US$24.60k
  • Peter Jacullo (64yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: US$105.79k
  • Chris Cook (49yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: US$121.66k
  • Cabby Lolmaugh (40yo)

    CEO, President & Director

    • Tenure: 0.8yrs
    • Compensation: US$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$57.418m
  • Shares outstanding: 50.81m
  • Website: https://www.tileshop.com

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 Analysis2019/10/23 00:14
End of Day Share Price2019/10/22 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.