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Flowtech Fluidpower

BST:2FW
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2FW
BST
£71M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Flowtech Fluidpower plc, together with its subsidiaries, distributes engineering components and assemblies in the areas of fluid power industry in the United Kingdom, Ireland, Benelux, and internationally. The last earnings update was 50 days ago. More info.


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2FW Share Price and Events
7 Day Returns
0.4%
BST:2FW
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
1.2%
BST:2FW
6.9%
DE Trade Distributors
9%
DE Market
2FW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Flowtech Fluidpower (2FW) 0.4% 9.6% 5.9% 1.2% - -
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • 2FW underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • 2FW underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
2FW
Industry
5yr Volatility vs Market

Value

 Is Flowtech Fluidpower 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 Flowtech Fluidpower 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 Flowtech Fluidpower.

BST:2FW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 BST:2FW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 19%) (44.49%))
1.197
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.197 * 6.65%)
8.18%

Discounted Cash Flow Calculation for BST:2FW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Flowtech Fluidpower 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:2FW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.18%)
2020 10.93 Analyst x3 10.11
2021 10.60 Analyst x2 9.06
2022 10.40 Est @ -1.93% 8.21
2023 10.26 Est @ -1.28% 7.49
2024 10.18 Est @ -0.83% 6.87
2025 10.13 Est @ -0.51% 6.32
2026 10.10 Est @ -0.29% 5.82
2027 10.08 Est @ -0.13% 5.37
2028 10.08 Est @ -0.03% 4.97
2029 10.09 Est @ 0.05% 4.59
Present value of next 10 years cash flows £68.00
BST:2FW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £10.09 × (1 + 0.23%) ÷ (8.18% – 0.23%)
£127.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £127.04 ÷ (1 + 8.18%)10
£57.85
BST:2FW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £68.00 + £57.85
£125.85
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £125.85 / 61.16
£2.06
BST:2FW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:2FW represents 1.08658x of AIM:FLO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.08658x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 2.06 x 1.08658
€2.24
Value per share (EUR) From above. €2.24
Current discount Discount to share price of €1.26
= -1 x (€1.26 - €2.24) / €2.24
43.9%

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

Current Discount
Amount off the current price Flowtech Fluidpower is available for.
Intrinsic value
44%
Share price is €1.26 vs Future cash flow value of €2.24
Current Discount Checks
For Flowtech Fluidpower to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Flowtech Fluidpower's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Flowtech Fluidpower's share price is below the future cash flow value, and 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 Flowtech Fluidpower's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Flowtech Fluidpower's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:2FW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.08
AIM:FLO Share Price ** AIM (2019-11-13) in GBP £1.16
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Flowtech Fluidpower.

BST:2FW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:FLO Share Price ÷ EPS (both in GBP)

= 1.16 ÷ 0.08

15.06x

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

  • Flowtech Fluidpower is good value based on earnings compared to the DE Trade Distributors industry average.
  • Flowtech Fluidpower is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Flowtech Fluidpower's expected growth come at a high price?
Raw Data
BST:2FW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
15.5%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:2FW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.06x ÷ 15.5%

0.97x

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

  • Flowtech Fluidpower is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Flowtech Fluidpower's assets?
Raw Data
BST:2FW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £1.49
AIM:FLO Share Price * AIM (2019-11-13) in GBP £1.16
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
BST:2FW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:FLO Share Price ÷ Book Value per Share (both in GBP)

= 1.16 ÷ 1.49

0.78x

* Primary Listing of Flowtech Fluidpower.

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

  • Flowtech Fluidpower is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Flowtech Fluidpower'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Flowtech Fluidpower has a total score of 6/6, 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 Flowtech Fluidpower expected to perform in the next 1 to 3 years based on estimates from 3 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
15.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Flowtech Fluidpower expected to grow at an attractive rate?
  • Flowtech Fluidpower's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Flowtech Fluidpower's earnings growth is expected to exceed the Germany market average.
  • Flowtech Fluidpower's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:2FW Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:2FW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 15.5%
BST:2FW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.2%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
BST:2FW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:2FW Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 118 13 9 2
2020-12-31 115 12 8 3
2019-12-31 115 11 7 3
2019-11-13
BST:2FW Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 114 11 5
2019-03-31 113 7 5
2018-12-31 111 4 5
2018-09-30 106 3 5
2018-06-30 101 1 6
2018-03-31 89 4 5
2017-12-31 78 7 5
2017-06-30 61 7 4
2017-03-31 57 5 4
2016-12-31 54 4 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Flowtech Fluidpower's earnings are expected to grow by 15.5% yearly, however this is not considered high growth (20% yearly).
  • Flowtech Fluidpower's revenue is expected to grow by 1.2% 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
BST:2FW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Flowtech Fluidpower Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:2FW Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.13 0.13 0.13 1.00
2019-12-31 0.12 0.12 0.12 1.00
2019-11-13
BST:2FW Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.08
2019-03-31 0.08
2018-12-31 0.08
2018-09-30 0.09
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.10
2017-06-30 0.10
2017-03-31 0.10
2016-12-31 0.10

*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 Flowtech Fluidpower will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Flowtech Fluidpower'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Flowtech Fluidpower has a total score of 2/6, 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 Flowtech Fluidpower 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 Flowtech Fluidpower's growth in the last year to its industry (Trade Distributors).
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.
  • Flowtech Fluidpower's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Flowtech Fluidpower's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Flowtech Fluidpower's 1-year earnings growth is negative, it can't be compared to the DE Trade Distributors industry average.
Earnings and Revenue History
Flowtech Fluidpower'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 Flowtech Fluidpower Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:2FW Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 114.27 4.68 30.28
2019-03-31 112.66 4.79 29.56
2018-12-31 111.05 4.91 28.84
2018-09-30 105.79 5.28 27.06
2018-06-30 100.54 5.64 25.62
2018-03-31 89.41 5.24 22.07
2017-12-31 78.29 4.83 18.52
2017-06-30 60.57 4.31 13.65
2017-03-31 57.17 4.35 12.81
2016-12-31 53.78 4.38 11.97
2016-06-30 50.81 4.36 10.49
2016-03-31 47.83 4.29 9.65
2015-12-31 44.85 4.22 8.82
2015-09-30 43.44 4.17 8.56
2015-06-30 42.02 4.12 8.29
2015-03-31 39.91 16.68 7.73
2014-12-31 37.79 29.23 7.18
2014-09-30 35.46 27.96 6.61
2014-06-30 33.13 26.69 6.04
2014-03-31 32.62 12.79 6.02
2013-12-31 32.10 -1.10 6.01
2012-12-31 33.83 -2.12 6.88

*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.
  • Flowtech Fluidpower has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Flowtech Fluidpower used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Flowtech Fluidpower's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Flowtech Fluidpower'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 Trade Distributors 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.
Flowtech Fluidpower has a total score of 1/6, 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 Flowtech Fluidpower'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 Flowtech Fluidpower's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Flowtech Fluidpower is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Flowtech Fluidpower's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Flowtech Fluidpower'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 covered by short term assets, assets are 2.7x 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 Flowtech Fluidpower Company Filings, last reported 4 months ago.

BST:2FW Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 91.01 22.61 3.88
2019-03-31 91.01 22.61 3.88
2018-12-31 87.43 21.99 2.25
2018-09-30 87.43 21.99 2.25
2018-06-30 89.15 20.37 2.41
2018-03-31 89.15 20.37 2.41
2017-12-31 74.86 19.39 4.59
2017-06-30 71.15 12.53 4.14
2017-03-31 71.15 12.53 4.14
2016-12-31 60.85 16.86 3.82
2016-06-30 59.64 15.86 1.71
2016-03-31 59.64 15.86 1.71
2015-12-31 58.14 10.83 1.84
2015-09-30 58.14 10.83 1.84
2015-06-30 56.88 8.24 0.82
2015-03-31 56.88 8.24 0.82
2014-12-31 55.91 8.67 1.98
2014-09-30 55.91 8.67 1.98
2014-06-30 51.56 9.18 3.07
2014-03-31 51.56 9.18 3.07
2013-12-31 -13.19 72.00 2.27
2012-12-31 -11.42 67.76 0.31
  • Flowtech Fluidpower's level of debt (24.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.8% vs 24.8% today).
  • Debt is well covered by operating cash flow (46.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).
X
Financial health checks
We assess Flowtech Fluidpower'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. Flowtech Fluidpower has a total score of 5/6, 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 Flowtech Fluidpower'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
5.26%
Current annual income from Flowtech Fluidpower dividends. Estimated to be 5.77% next year.
If you bought €2,000 of Flowtech Fluidpower shares you are expected to receive €105 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?
  • Flowtech Fluidpower's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Flowtech Fluidpower's dividend is above the markets top 25% of dividend payers in Germany (3.64%).
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
BST:2FW 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 3 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

BST:2FW Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.07 2.00
2020-12-31 0.07 3.00
2019-12-31 0.06 3.00
2019-11-13
BST:2FW Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-05 0.061 4.914
2018-10-23 0.059 4.891
2018-06-06 0.058 3.831
2017-05-25 0.055 3.450
2016-06-01 0.053 4.168
2015-05-21 0.067 5.204
2014-09-16 0.033 2.647

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

  • Flowtech Fluidpower has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Flowtech Fluidpower only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Flowtech Fluidpower's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Flowtech Fluidpower'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 Flowtech Fluidpower afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Flowtech Fluidpower has a total score of 4/6, 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 Flowtech Fluidpower'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
Bryce Brooks
COMPENSATION £184,000
AGE 53
TENURE AS CEO 1.2 years
CEO Bio

Mr. Bryce Brooks has been the Chief Executive Officer of Flowtech Fluidpower plc since September 18, 2018. He served as the Chief Financial Officer of Flowtech Fluidpower Plc since March 2010 until November 1, 2018 and served as its Company Secretary. Mr. Brooks joined Flowtech in March 2010 to head up the finance function. Post qualification, he spent two years as a Financial Controller at a paper manufacturing business, followed by twelve years as a Finance Director at an American-owned industrial products distribution group. He is responsible for the finance functions across the business and Company Secretariat. He serves as Executive Director of Flowtech Fluidpower Plc. He has a degree in civil engineering and qualified as a chartered accountant in 1989.

CEO Compensation
  • Bryce's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bryce's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Flowtech Fluidpower management team in years:

1.1
Average Tenure
  • The average tenure for the Flowtech Fluidpower management team is less than 2 years, this suggests a new team.
Management Team

Bryce Brooks

TITLE
CEO & Executive Director
COMPENSATION
£184K
AGE
53
TENURE
1.2 yrs

Russell Cash

TITLE
CFO, Company Secretary & Director
COMPENSATION
£174K
AGE
51
TENURE
1 yrs

Nick Fossey

TITLE
Chief Operating Officer
TENURE
1.2 yrs

Helen Barrat

TITLE
Head of Corporate Governance

Anne Fogg

TITLE
Head of Business Process

Tamara Reiners

TITLE
Managing Director of Flowtechnology Benelux
TENURE
1.1 yrs

Jon Burke

TITLE
Managing Director of Primary Fluid Power Systems

Mark Nelson

TITLE
Managing Director of Nelson Hydraulics

John Farmer

TITLE
Managing Director of Flowtechnology Uk

Paul McGrady

TITLE
Managing Director of Primary Fluid Power
Board of Directors Tenure

Average tenure and age of the Flowtech Fluidpower board of directors in years:

1.2
Average Tenure
63
Average Age
  • The average tenure for the Flowtech Fluidpower board of directors is less than 3 years, this suggests a new board.
Board of Directors

Malcolm Diamond

TITLE
Non-Executive Chairman
COMPENSATION
£80K
AGE
71
TENURE
5.5 yrs

Bryce Brooks

TITLE
CEO & Executive Director
COMPENSATION
£184K
AGE
53

Russell Cash

TITLE
CFO, Company Secretary & Director
COMPENSATION
£174K
AGE
51

Nigel Richens

TITLE
Non-Executive Director & Senior Independent Director
COMPENSATION
£55K
AGE
63
TENURE
0.8 yrs

Bill Wilson

TITLE
Non-Executive Director
AGE
63
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Flowtech Fluidpower individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. Oct 19 Buy William Wilson Individual 25. Oct 19 25. Oct 19 10,000 €1.32 €13,169
30. Sep 19 Buy Russell Cash Individual 26. Sep 19 26. Sep 19 28,570 €1.21 €34,701
15. Aug 19 Buy William Wilson Individual 15. Aug 19 15. Aug 19 16,870 €1.30 €21,885
18. Mar 19 Buy William Wilson Individual 14. Mar 19 14. Mar 19 4,000 €1.36 €5,450
X
Management checks
We assess Flowtech Fluidpower'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. Flowtech Fluidpower 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

Company Info

Description

Flowtech Fluidpower plc, together with its subsidiaries, distributes engineering components and assemblies in the areas of fluid power industry in the United Kingdom, Ireland, Benelux, and internationally. The company operates through three segments: Flowtechnology, Power Motion Control, and Process. It offers hydraulic rubber and thermoplastic hose assembly kits, hydraulic cylinders and semi-rotary actuators, bespoke hydraulic power units and packs, purification and filtration systems, manipulated pipes and individual machined components, specialist valves and actuation equipment, safety pipework, transfer pumps, breather valves and instrumentals, and mobile systems, as well as various industrial, pneumatic, and hydraulic components. The company also provides transmission, steering, and electrical control for mobile hydraulic equipment providing mobile valve assemblies; and various original equipment manufacturer products. It serves food/beverage, packaging, medical/pharmaceutical, automotive, paper/plastics, mining/quarrying, electric components, rail, agriculture/forestry, off-/on-highway vehicles, metal forming, entertainment, shipbuilding, construction, defence/aerospace, marine/offshore, and power generation industries. The company was founded in 1983 and is headquartered in Wilmslow, the United Kingdom.

Details
Name: Flowtech Fluidpower plc
2FW
Exchange: BST
Founded: 1983
£82,457,013
61,157,127
Website: http://www.flowtechfluidpower.com
Address: Flowtech Fluidpower plc
Bollin House,
Bollin Walk,
Wilmslow,
Cheshire, SK9 1DP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM FLO Ordinary Shares London Stock Exchange AIM Market GB GBP 21. May 2014
OTCPK FLWT.F Ordinary Shares Pink Sheets LLC US USD 21. May 2014
BST 2FW Ordinary Shares Boerse-Stuttgart DE EUR 21. May 2014
Number of employees
Current staff
Staff numbers
558
Flowtech Fluidpower employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 22:16
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/10/22
Last earnings filing: 2019/09/24
Last earnings reported: 2019/06/30
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.