Financials Tyman plc

Equities

Market Closed - London S.E. Other stock markets 11:35:05 2024-05-31 am EDT			5-day change	1st Jan Change
364 ^GBX	-0.14%		-2.67%	+15.74%

May. 30	BHP pursuit of Anglo American highlights corporate-led UK M&A upswing	RE
May. 16	Tyman revenue falls in first four months of 2024 on subdued market	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	528.9	684	780.9	436.8	611.8	708.9	-	-
Enterprise Value (EV) ¹	751.7	837.2	926.7	612.3	779.5	858.3	835.4	802
P/E ratio	30 x	18.4 x	15.8 x	9.2 x	16.1 x	14.9 x	12.7 x	10.9 x
Yield	4.49%	1.14%	3.23%	6.08%	4.36%	3.89%	4.06%	4.26%
Capitalization / Revenue	0.86 x	1.19 x	1.23 x	0.61 x	0.93 x	1.06 x	1.01 x	0.97 x
EV / Revenue	1.22 x	1.46 x	1.46 x	0.86 x	1.19 x	1.28 x	1.19 x	1.09 x
EV / EBITDA	7.09 x	8.31 x	8.54 x	5.37 x	7.47 x	7.86 x	6.93 x	6.22 x
EV / FCF	10.5 x	11.5 x	32.6 x	22.6 x	9.17 x	17.2 x	14.9 x	12.8 x
FCF Yield	9.5%	8.71%	3.06%	4.43%	10.9%	5.83%	6.71%	7.79%
Price to Book	1.28 x	1.55 x	1.63 x	0.81 x	1.17 x	1.31 x	1.25 x	1.14 x
Nbr of stocks (in thousands)	194,823	195,141	195,462	193,691	194,517	194,755	-	-
Reference price ²	2.715	3.505	3.995	2.255	3.145	3.640	3.640	3.640
Announcement Date	3/5/20	3/4/21	3/3/22	3/2/23	3/7/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	613.7	572.8	635.7	715.5	657.6	669.5	702.3	734.1
EBITDA ¹	106	100.7	108.5	114.1	104.3	109.2	120.6	128.9
EBIT ¹	85.4	80.3	90	94.6	84.4	88.25	97.72	108.3
Operating Margin	13.92%	14.02%	14.16%	13.22%	12.83%	13.18%	13.91%	14.75%
Earnings before Tax (EBT) ¹	24.8	47.6	64	61.4	50	68.54	78.84	92.27
Net income ¹	17.7	37.2	49.6	47.8	38.2	47.6	55.63	65.4
Net margin	2.88%	6.49%	7.8%	6.68%	5.81%	7.11%	7.92%	8.91%
EPS ²	0.0905	0.1900	0.2530	0.2450	0.1950	0.2445	0.2858	0.3330
Free Cash Flow ¹	71.4	72.9	28.4	27.1	85	50.03	56.04	62.49
FCF margin	11.63%	12.73%	4.47%	3.79%	12.93%	7.47%	7.98%	8.51%
FCF Conversion (EBITDA)	67.36%	72.39%	26.18%	23.75%	81.5%	45.8%	46.46%	48.49%
FCF Conversion (Net income)	403.39%	195.97%	57.26%	56.69%	222.51%	105.1%	100.74%	95.55%
Dividend per Share ²	0.1220	0.0400	0.1290	0.1370	0.1370	0.1416	0.1478	0.1550
Announcement Date	3/5/20	3/4/21	3/3/22	3/2/23	3/7/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	223	153	146	176	168	149	126	93
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.102 x	1.521 x	1.344 x	1.538 x	1.608 x	1.368 x	1.048 x	0.7219 x
Free Cash Flow ¹	71.4	72.9	28.4	27.1	85	50	56	62.5
ROE (net income / shareholders' equity)	4.16%	8.66%	10.7%	9.34%	11%	9.5%	11.2%	11.9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	2.120	2.260	2.460	2.770	2.700	2.770	2.910	3.190
Cash Flow per Share ²	0.5000	0.4900	0.2900	0.3100	0.5500	0.3300	0.3500	0.3800
Capex ¹	10.7	9.9	16.1	19.2	11.1	25	22.3	21.7
Capex / Sales	1.74%	1.73%	2.53%	2.68%	1.69%	3.73%	3.17%	2.95%
Announcement Date	3/5/20	3/4/21	3/3/22	3/2/23	3/7/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.64 GBP

Average target price

3.792 GBP

Spread / Average Target

+4.17%

	1st Jan change	Capi.
TYMAN PLC	+15.74%	902M
ASSA ABLOY AB	+5.82%	32.39B
CARLISLE COMPANIES INCORPORATED	+33.88%	19.86B
BUILDERS FIRSTSOURCE, INC.	-3.68%	19.63B
MASCO CORPORATION	+4.39%	15.42B
TREX COMPANY, INC.	+4.51%	9.4B
FORTUNE BRANDS INNOVATIONS, INC.	-7.99%	8.76B
BEIJING NEW BUILDING MATERIALS PUBLIC LIMITED COMPANY	+38.36%	7.54B
AGC INC.	+4.79%	7.41B
SIMPSON MANUFACTURING CO., INC.	-16.19%	6.99B