Financials Tyman plc

Equities

Market Closed - London S.E. Other stock markets 11:35:13 2024-04-26 am EDT			5-day change	1st Jan Change
378 ^GBX	+1.07%		+27.70%	+20.19%

Apr. 24	Investec cuts Hipgnosis Songs Fund to 'hold'	AN
Apr. 24	Lloyds profit takes hit; Jet2 cuts guidance	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	528.9	684	780.9	436.8	611.8	736.2	-	-
Enterprise Value (EV) ¹	751.7	837.2	926.7	612.3	779.5	885.7	865.8	832.1
P/E ratio	30 x	18.4 x	15.8 x	9.2 x	16.1 x	15.5 x	13.2 x	12 x
Yield	4.49%	1.14%	3.23%	6.08%	4.36%	3.73%	3.9%	4.13%
Capitalization / Revenue	0.86 x	1.19 x	1.23 x	0.61 x	0.93 x	1.1 x	1.05 x	1.01 x
EV / Revenue	1.22 x	1.46 x	1.46 x	0.86 x	1.19 x	1.33 x	1.24 x	1.14 x
EV / EBITDA	7.09 x	8.31 x	8.54 x	5.37 x	7.47 x	8.14 x	7.23 x	6.51 x
EV / FCF	10.5 x	11.5 x	32.6 x	22.6 x	9.17 x	17.7 x	15.4 x	13.3 x
FCF Yield	9.5%	8.71%	3.06%	4.43%	10.9%	5.65%	6.47%	7.51%
Price to Book	1.28 x	1.55 x	1.63 x	0.81 x	1.17 x	1.36 x	1.3 x	1.19 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	3.780	3.780	3.780
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	666.4	698.6	730.2
EBITDA ¹	106	100.7	108.5	114.1	104.3	108.9	119.7	127.9
EBIT ¹	85.4	80.3	90	94.6	84.4	87.96	97.15	105.4
Operating Margin	13.92%	14.02%	14.16%	13.22%	12.83%	13.2%	13.91%	14.43%
Earnings before Tax (EBT) ¹	24.8	47.6	64	61.4	50	68.54	78.84	87.65
Net income ¹	17.7	37.2	49.6	47.8	38.2	47.6	55.63	62.07
Net margin	2.88%	6.49%	7.8%	6.68%	5.81%	7.14%	7.96%	8.5%
EPS ²	0.0905	0.1900	0.2530	0.2450	0.1950	0.2445	0.2858	0.3160
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%	7.51%	8.02%	8.56%
FCF Conversion (EBITDA)	67.36%	72.39%	26.18%	23.75%	81.5%	45.95%	46.82%	48.85%
FCF Conversion (Net income)	403.39%	195.97%	57.26%	56.69%	222.51%	105.1%	100.74%	100.68%
Dividend per Share ²	0.1220	0.0400	0.1290	0.1370	0.1370	0.1410	0.1473	0.1560
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	150	130	96
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.102 x	1.521 x	1.344 x	1.538 x	1.608 x	1.374 x	1.083 x	0.7502 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	22.8	22.5
Capex / Sales	1.74%	1.73%	2.53%	2.68%	1.69%	3.75%	3.27%	3.08%
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

BUY

Number of Analysts

Last Close Price

3.78 GBP

Average target price

3.729 GBP

Spread / Average Target

-1.36%

	1st Jan change	Capi.
TYMAN PLC	+20.19%	917M
SAINT-GOBAIN	+12.87%	40.33B
ASSA ABLOY AB	+3.17%	30.34B
BUILDERS FIRSTSOURCE, INC.	+12.41%	22.89B
CARLISLE COMPANIES INCORPORATED	+28.21%	19.02B
MASCO CORPORATION	+4.28%	15.38B
TREX COMPANY, INC.	+9.35%	9.84B
FORTUNE BRANDS INNOVATIONS, INC.	-2.57%	9.32B
AGC INC.	+10.03%	7.75B
SIMPSON MANUFACTURING CO., INC.	-12.31%	7.37B