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Travis Perkins

DB:LFP
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LFP
DB
£4B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The last earnings update was 108 days ago. More info.


Add to Portfolio Compare Print
  • Travis Perkins has significant price volatility in the past 3 months.
LFP Share Price and Events
7 Day Returns
2.9%
DB:LFP
-0.3%
DE Trade Distributors
0%
DE Market
1 Year Returns
50.8%
DB:LFP
8.5%
DE Trade Distributors
9.9%
DE Market
LFP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Travis Perkins (LFP) 2.9% 2.9% 34.2% 50.8% 4.3% -22.1%
DE Trade Distributors -0.3% 10.2% 15.4% 8.5% -3.8% 2.3%
DE Market 0% 4.5% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • LFP outperformed the Trade Distributors industry which returned 8.5% over the past year.
  • LFP outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
LFP
Industry
5yr Volatility vs Market
Related Companies

LFP Value

 Is Travis Perkins 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 Travis Perkins 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 Travis Perkins.

DB:LFP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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 DB:LFP
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))
= 0.949 (1 + (1- 19%) (50.67%))
1.227
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.227 * 6.65%)
8.38%

Discounted Cash Flow Calculation for DB:LFP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Travis Perkins 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.

DB:LFP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.38%)
2020 301.37 Analyst x3 278.05
2021 271.40 Analyst x1 231.03
2022 253.29 Est @ -6.67% 198.93
2023 241.63 Est @ -4.6% 175.09
2024 234.00 Est @ -3.15% 156.45
2025 229.00 Est @ -2.14% 141.26
2026 225.72 Est @ -1.43% 128.47
2027 223.62 Est @ -0.93% 117.43
2028 222.31 Est @ -0.58% 107.71
2029 221.56 Est @ -0.34% 99.04
Present value of next 10 years cash flows £1,633.00
DB:LFP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £221.56 × (1 + 0.23%) ÷ (8.38% – 0.23%)
£2,722.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £2,722.45 ÷ (1 + 8.38%)10
£1,216.96
DB:LFP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,633.00 + £1,216.96
£2,849.96
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,849.96 / 247.94
£11.49
DB:LFP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LFP represents 1.14778x of LSE:TPK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.14778x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 11.49 x 1.14778
€13.19
Value per share (EUR) From above. €13.19
Current discount Discount to share price of €17.17
= -1 x (€17.17 - €13.19) / €13.19
-30.1%

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

  • The current share price of Travis Perkins is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Travis Perkins's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Travis Perkins's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LFP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.30
LSE:TPK Share Price ** LSE (2019-11-15) in GBP £14.96
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 15.38x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 19.43x

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

** Primary Listing of Travis Perkins.

DB:LFP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:TPK Share Price ÷ EPS (both in GBP)

= 14.96 ÷ 0.30

50.29x

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

  • Travis Perkins is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • Travis Perkins is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Travis Perkins's expected growth come at a high price?
Raw Data
DB:LFP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 50.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
43.1%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.62x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:LFP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 50.29x ÷ 43.1%

1.17x

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

  • Travis Perkins is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Travis Perkins's assets?
Raw Data
DB:LFP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £10.11
LSE:TPK Share Price * LSE (2019-11-15) in GBP £14.96
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.84x
DB:LFP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TPK Share Price ÷ Book Value per Share (both in GBP)

= 14.96 ÷ 10.11

1.48x

* Primary Listing of Travis Perkins.

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

  • Travis Perkins is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Travis Perkins'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. Travis Perkins has a total score of 0/6, 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.

LFP Future Performance

 How is Travis Perkins expected to perform in the next 1 to 3 years based on estimates from 6 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
43.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Travis Perkins expected to grow at an attractive rate?
  • Travis Perkins's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Travis Perkins's earnings growth is expected to exceed the Germany market average.
  • Travis Perkins's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LFP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LFP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 43.1%
DB:LFP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.3%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:LFP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LFP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 5,852 454 268 5
2020-12-31 5,670 576 271 6
2019-12-31 5,498 505 128 6
2019-11-16
DB:LFP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 6,921 303 74
2019-03-31 6,831 276 -6
2018-12-31 6,741 250 -86
2018-09-30 5,885 234 -62
2018-06-30 5,803 219 -45
2018-03-31 6,118 253 94
2017-12-31 6,433 287 233
2017-09-30 6,379 336 121
2017-06-30 6,325 385 9
2017-03-31 6,271 376 11
2016-12-31 6,217 367 13
2016-09-30 6,165 306 96

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Travis Perkins's earnings are expected to grow significantly at over 20% yearly.
  • Travis Perkins's revenue is expected to grow by 0.3% 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
DB:LFP 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 6 Analyst Estimates (S&P Global) See Below

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

DB:LFP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.14 1.18 1.10 2.00
2020-12-31 1.02 1.05 0.99 4.00
2019-12-31 0.51 0.59 0.46 3.00
2019-11-16
DB:LFP Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.30
2019-03-31 -0.02
2018-12-31 -0.34
2018-09-30 -0.25
2018-06-30 -0.18
2018-03-31 0.38
2017-12-31 0.93
2017-09-30 0.48
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.05
2016-09-30 0.39

*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.
  • Travis Perkins is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Travis Perkins'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.
Travis Perkins has a total score of 3/6, 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.

LFP Past Performance

  How has Travis Perkins 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 Travis Perkins'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.
  • Travis Perkins's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Travis Perkins has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Travis Perkins has become profitable in the last year making it difficult to compare the DE Trade Distributors industry average.
Earnings and Revenue History
Travis Perkins'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 Travis Perkins Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LFP 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 6,921.20 73.80 1,983.70
2019-03-31 6,830.85 -5.90 1,984.50
2018-12-31 6,740.50 -85.60 1,985.30
2018-09-30 5,884.85 -61.80 1,801.60
2018-06-30 5,803.00 -44.50 1,617.90
2018-03-31 6,118.05 94.15 1,618.55
2017-12-31 6,433.10 232.80 1,619.20
2017-09-30 6,378.90 120.95 1,693.40
2017-06-30 6,324.70 9.10 1,767.60
2017-03-31 6,270.95 10.90 1,771.15
2016-12-31 6,217.20 12.70 1,774.70
2016-09-30 6,164.55 96.00 1,665.65
2016-06-30 6,111.90 179.30 1,556.60
2016-03-31 6,026.75 173.45 1,553.05
2015-12-31 5,941.60 167.60 1,549.50
2015-09-30 5,867.40 214.90 1,444.80
2015-06-30 5,793.20 262.20 1,340.10
2015-03-31 5,686.95 260.35 1,339.30
2014-12-31 5,580.70 258.50 1,338.50
2014-09-30 5,505.20 270.00 1,278.45
2014-06-30 5,429.70 281.50 1,218.40
2014-03-31 5,289.20 273.05 1,221.35
2013-12-31 5,148.70 264.60 1,224.30
2013-09-30 5,015.80 244.30 1,207.65
2013-06-30 4,882.90 224.00 1,191.00
2013-03-31 4,863.90 236.35 1,188.00
2012-12-31 4,844.90 248.70 1,185.00

*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.
  • Travis Perkins has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Travis Perkins used its assets less efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • It is difficult to establish if Travis Perkins improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Travis Perkins'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.
Travis Perkins has a total score of 0/6, 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.

LFP Health

 How is Travis Perkins'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 Travis Perkins's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Travis Perkins is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Travis Perkins's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Travis Perkins'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 4.5x 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 Travis Perkins Company Filings, last reported 4 months ago.

DB:LFP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,512.20 583.20 139.30
2019-03-31 2,512.20 583.20 139.30
2018-12-31 2,717.70 588.00 255.40
2018-09-30 2,717.70 588.00 255.40
2018-06-30 2,661.00 606.70 151.50
2018-03-31 2,661.00 606.70 151.50
2017-12-31 2,860.30 590.80 276.80
2017-09-30 2,860.30 590.80 276.80
2017-06-30 2,781.40 618.90 245.30
2017-03-31 2,781.40 618.90 245.30
2016-12-31 2,655.60 593.50 250.50
2016-09-30 2,655.60 593.50 250.50
2016-06-30 2,868.30 663.00 134.10
2016-03-31 2,868.30 663.00 134.10
2015-12-31 2,795.80 532.60 95.50
2015-09-30 2,795.80 532.60 95.50
2015-06-30 2,738.50 534.00 136.90
2015-03-31 2,738.50 534.00 136.90
2014-12-31 2,677.70 462.20 108.30
2014-09-30 2,677.70 462.20 108.30
2014-06-30 2,589.80 392.40 95.70
2014-03-31 2,589.80 392.40 95.70
2013-12-31 2,515.20 403.90 79.80
2013-09-30 2,515.20 403.90 79.80
2013-06-30 2,394.40 510.70 103.50
2013-03-31 2,394.40 510.70 103.50
2012-12-31 2,255.60 568.50 151.80
  • Travis Perkins's level of debt (23.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.3% vs 23.2% today).
  • Debt is well covered by operating cash flow (51.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Travis Perkins's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Travis Perkins'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. Travis Perkins has a total score of 4/6, 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.

LFP Dividends

 What is Travis Perkins'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
3.14%
Current annual income from Travis Perkins dividends. Estimated to be 3.25% next year.
If you bought €2,000 of Travis Perkins shares you are expected to receive €63 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?
  • Travis Perkins's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Travis Perkins's dividend is below the markets top 25% of dividend payers in Germany (3.66%).
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
DB:LFP 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 6 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 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:LFP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.53 1.00
2021-12-31 0.51 14.00
2020-12-31 0.49 18.00
2019-12-31 0.47 18.00
2019-11-16
DB:LFP Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-07-31 0.470 3.542
2019-02-26 0.470 3.480
2018-07-31 0.460 4.117
2018-02-28 0.460 3.475
2017-04-07 0.450 2.981
2017-03-02 0.450 3.008
2016-08-02 0.445 3.002
2016-04-25 0.440 2.622
2016-03-03 0.440 2.434
2015-04-24 0.380 1.901
2015-03-03 0.380 1.918
2014-09-10 0.310 1.751
2014-04-25 0.310 1.852
2014-02-26 0.310 1.671
2013-02-20 0.250 1.551
2012-04-20 0.200 1.883
2012-02-21 0.200 1.869
2011-02-23 0.150 1.685
2011-02-22 0.150 1.469
2010-07-29 0.100 1.114
2010-06-30 0.100 1.264
2010-02-24 0.000 0.000
2010-02-23 0.000 0.000
2009-07-30 0.000 0.000
2009-04-17 0.000 0.000

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

  • Whilst dividend payments have been stable, Travis Perkins has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Travis Perkins only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Travis Perkins's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Travis Perkins's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Travis Perkins afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Travis Perkins has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LFP Management

 What is the CEO of Travis Perkins'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
Nick Roberts
TENURE AS CEO 0.3 years
CEO Bio

Mr. Nicholas Roberts, also known as Nick, has been Chief Executive Officer and Director of Travis Perkins plc since 2019. Mr. Roberts served as President of Atkins, Engineering, Design and Project Management sector at SNC-Lavalin Group Inc. since January 2018. He was responsible for the SNC-Lavalin Group Inc. infrastructure engineering and design services around the world, with the exception of activities in Canada. Mr. Roberts joined SNC-Lavalin in 2017, when the company acquired WS Atkins plc, where he was Chief Executive Officer for operations in the UK and Europe. He focused on strategy, organizational agility and rapid innovation, driving change across the organization particularly around the fusion of the digital and physical environment. Previously, Mr. Roberts was Atkins North America’s Strategy Director and Managing Director of the Infrastructure business, responsible for leading the integration and transformation of a major acquisition. With experience in consulting, he has held several managing director positions at Atkins across a variety of sectors and previously at consulting firms in Canada. Mr. Roberts is a passionate advocate for diversity and inclusion. He sponsors Atkins’ Women’s Professional Network in the UK and champions the company’s STEM initiatives, which aim to nurture and inspire the next generation of infrastructure and engineering specialists. He currently serves on the Commission for the Vibrant Economy sponsored by Grant Thornton, is a Trustee and Director of the Forces in Mind Trust, and has been appointed by the UK Government as a member of the Thames Estuary Commission. A chartered geologist by profession, Mr. Roberts holds a Masters from the University of Wales and a BSc in Geology from the University of Reading.

CEO Compensation
  • Insufficient data for Nick to compare compensation growth.
  • Insufficient data for Nick to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Travis Perkins management team in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the Travis Perkins management team is about average.
Management Team

Alan Williams

TITLE
CFO & Executive Director
COMPENSATION
£1M
AGE
50
TENURE
2.8 yrs

Nick Roberts

TITLE
CEO & Director
TENURE
0.3 yrs

Patrick Knight

TITLE
Chief Information Officer

Graeme Barnes

TITLE
Head of Investor Relations
TENURE
4.8 yrs

Robin Miller

TITLE
Company Secretary & General Counsel
AGE
48

Carol Kavanagh

TITLE
Group Human Resources Director
AGE
56

Paul Tallentire

TITLE
Chief Executive Officer of General Merchanting Division
AGE
56
TENURE
7.8 yrs

Frank Elkins

TITLE
Chief Operating Officer of Merchanting
AGE
52

Andy Harrison

TITLE
Deputy CEO of Plumbing & Heating Division
AGE
62
TENURE
2.2 yrs

Simon King

TITLE
Managing Director of Wickes
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Travis Perkins board of directors in years:

4.4
Average Tenure
55
Average Age
  • The tenure for the Travis Perkins board of directors is about average.
Board of Directors

Stuart Chambers

TITLE
Non-Executive Chairman
COMPENSATION
£320K
AGE
63
TENURE
2 yrs

Alan Williams

TITLE
CFO & Executive Director
COMPENSATION
£1M
AGE
50
TENURE
2.8 yrs

Nick Roberts

TITLE
CEO & Director
TENURE
0.3 yrs

Ruth Anderson

TITLE
Non-Executive Director
COMPENSATION
£75K
AGE
65
TENURE
8.1 yrs

Pete Redfern

TITLE
Non-Executive Director
COMPENSATION
£68K
AGE
47
TENURE
5 yrs

Coline McConville

TITLE
Non-Executive Director
COMPENSATION
£75K
AGE
55
TENURE
4.8 yrs

Chris Rogers

TITLE
Senior Independent Director
COMPENSATION
£70K
AGE
59
TENURE
4 yrs

John Rogers

TITLE
Non-Executive Director
COMPENSATION
£58K
AGE
50
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • Travis Perkins individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Nov 19 Sell Carol Kavanagh Individual 14. Nov 19 14. Nov 19 -10,660 €17.20 €-183,395
28. Oct 19 Sell Martin Meech Individual 23. Oct 19 23. Oct 19 -5,923 €17.01 €-100,736
01. Nov 19 Buy Ruth Anderson Individual 01. Nov 19 01. Nov 19 64 €16.69 €1,068
01. Nov 19 Buy Peter Redfern Individual 01. Nov 19 01. Nov 19 56 €16.69 €935
01. Nov 19 Buy Christopher Charles Rogers Individual 01. Nov 19 01. Nov 19 60 €16.69 €1,001
01. Nov 19 Buy Coline McConville Individual 01. Nov 19 01. Nov 19 62 €16.69 €1,035
01. Nov 19 Buy Stuart Chambers Individual 01. Nov 19 01. Nov 19 243 €16.69 €4,055
01. Nov 19 Buy John Rogers Individual 01. Nov 19 01. Nov 19 39 €16.69 €651
01. Oct 19 Buy Ruth Anderson Individual 01. Oct 19 01. Oct 19 70 €14.67 €1,027
01. Oct 19 Buy Peter Redfern Individual 01. Oct 19 01. Oct 19 62 €14.67 €909
01. Oct 19 Buy Christopher Charles Rogers Individual 01. Oct 19 01. Oct 19 67 €14.67 €983
01. Oct 19 Buy Coline McConville Individual 01. Oct 19 01. Oct 19 68 €14.67 €997
01. Oct 19 Buy Stuart Chambers Individual 01. Oct 19 01. Oct 19 268 €14.67 €3,931
01. Oct 19 Buy John Rogers Individual 01. Oct 19 01. Oct 19 44 €14.67 €645
11. Sep 19 Sell Frank Elkins Individual 10. Sep 19 10. Sep 19 -3,000 €14.59 €-43,767
04. Sep 19 Buy Ruth Anderson Individual 02. Sep 19 02. Sep 19 75 €13.69 €1,026
04. Sep 19 Buy Peter Redfern Individual 02. Sep 19 02. Sep 19 65 €13.69 €890
04. Sep 19 Buy Christopher Charles Rogers Individual 02. Sep 19 02. Sep 19 70 €13.69 €958
04. Sep 19 Buy Coline McConville Individual 02. Sep 19 02. Sep 19 72 €13.69 €985
04. Sep 19 Buy Stuart Chambers Individual 02. Sep 19 02. Sep 19 282 €13.69 €3,859
04. Sep 19 Buy John Rogers Individual 02. Sep 19 02. Sep 19 46 €13.69 €630
01. Aug 19 Sell Andrew Harrison Individual 31. Jul 19 31. Jul 19 -8,000 €15.16 €-121,304
01. Aug 19 Buy Ruth Anderson Individual 01. Aug 19 01. Aug 19 68 €14.80 €1,007
01. Aug 19 Buy Peter Redfern Individual 01. Aug 19 01. Aug 19 60 €14.80 €888
01. Aug 19 Buy Christopher Charles Rogers Individual 01. Aug 19 01. Aug 19 65 €14.80 €962
01. Aug 19 Buy Coline McConville Individual 01. Aug 19 01. Aug 19 66 €14.80 €977
01. Aug 19 Buy Stuart Chambers Individual 01. Aug 19 01. Aug 19 259 €14.80 €3,834
01. Aug 19 Buy John Rogers Individual 01. Aug 19 01. Aug 19 43 €14.80 €637
02. Jul 19 Buy Ruth Anderson Individual 02. Jul 19 02. Jul 19 71 €14.53 €1,031
02. Jul 19 Buy Peter Redfern Individual 02. Jul 19 02. Jul 19 62 €14.53 €901
02. Jul 19 Buy Christopher Charles Rogers Individual 02. Jul 19 02. Jul 19 66 €14.53 €959
02. Jul 19 Buy Coline McConville Individual 02. Jul 19 02. Jul 19 68 €14.53 €988
02. Jul 19 Buy Stuart Chambers Individual 02. Jul 19 02. Jul 19 269 €14.53 €3,908
02. Jul 19 Buy John Rogers Individual 02. Jul 19 02. Jul 19 44 €14.53 €639
03. Jun 19 Buy Ruth Anderson Individual 03. Jun 19 03. Jun 19 75 €13.81 €1,036
03. Jun 19 Buy Peter Redfern Individual 03. Jun 19 03. Jun 19 66 €13.81 €912
03. Jun 19 Buy Christopher Charles Rogers Individual 03. Jun 19 03. Jun 19 72 €13.81 €994
03. Jun 19 Buy Coline McConville Individual 03. Jun 19 03. Jun 19 73 €13.81 €1,008
03. Jun 19 Buy Stuart Chambers Individual 03. Jun 19 03. Jun 19 286 €13.81 €3,950
03. Jun 19 Buy John Rogers Individual 03. Jun 19 03. Jun 19 46 €13.81 €635
02. May 19 Buy Ruth Anderson Individual 01. May 19 01. May 19 66 €16.34 €1,079
02. May 19 Buy Peter Redfern Individual 01. May 19 01. May 19 58 €16.34 €948
02. May 19 Buy Christopher Charles Rogers Individual 01. May 19 01. May 19 62 €16.34 €1,013
02. May 19 Buy Coline McConville Individual 01. May 19 01. May 19 64 €16.34 €1,046
02. May 19 Buy Stuart Chambers Individual 01. May 19 01. May 19 254 €16.34 €4,152
02. May 19 Buy John Rogers Individual 01. May 19 01. May 19 41 €16.34 €670
02. Apr 19 Buy Ruth Anderson Individual 01. Apr 19 01. Apr 19 67 €16.11 €1,079
02. Apr 19 Buy Peter Redfern Individual 01. Apr 19 01. Apr 19 58 €16.11 €934
02. Apr 19 Buy Christopher Charles Rogers Individual 01. Apr 19 01. Apr 19 63 €16.11 €1,015
02. Apr 19 Buy Coline McConville Individual 01. Apr 19 01. Apr 19 65 €16.11 €1,047
02. Apr 19 Buy Stuart Chambers Individual 01. Apr 19 01. Apr 19 254 €16.11 €4,091
02. Apr 19 Buy John Rogers Individual 01. Apr 19 01. Apr 19 44 €16.11 €709
04. Mar 19 Sell Carol Kavanagh Individual 01. Mar 19 01. Mar 19 -20,000 €16.69 €-333,832
04. Mar 19 Buy Ruth Anderson Individual 01. Mar 19 01. Mar 19 64 €16.85 €1,079
04. Mar 19 Buy Peter Redfern Individual 01. Mar 19 01. Mar 19 56 €16.85 €944
04. Mar 19 Buy Christopher Charles Rogers Individual 01. Mar 19 01. Mar 19 60 €16.85 €1,011
04. Mar 19 Buy Coline McConville Individual 01. Mar 19 01. Mar 19 61 €16.85 €1,028
04. Mar 19 Buy Stuart Chambers Individual 01. Mar 19 01. Mar 19 242 €16.85 €4,079
04. Mar 19 Buy John Rogers Individual 01. Mar 19 01. Mar 19 41 €16.85 €691
01. Feb 19 Buy Ruth Anderson Individual 01. Feb 19 01. Feb 19 74 €14.09 €1,043
01. Feb 19 Buy Peter Redfern Individual 01. Feb 19 01. Feb 19 65 €14.09 €916
01. Feb 19 Buy Christopher Charles Rogers Individual 01. Feb 19 01. Feb 19 65 €14.09 €916
01. Feb 19 Buy Coline McConville Individual 01. Feb 19 01. Feb 19 72 €14.09 €1,015
01. Feb 19 Buy Stuart Chambers Individual 01. Feb 19 01. Feb 19 283 €14.09 €3,988
01. Feb 19 Buy John Rogers Individual 01. Feb 19 01. Feb 19 49 €14.09 €691
02. Jan 19 Buy Ruth Anderson Individual 02. Jan 19 02. Jan 19 88 €11.70 €1,029
02. Jan 19 Buy Peter Redfern Individual 02. Jan 19 02. Jan 19 77 €11.70 €901
02. Jan 19 Buy Christopher Charles Rogers Individual 02. Jan 19 02. Jan 19 75 €11.70 €877
02. Jan 19 Buy Coline McConville Individual 02. Jan 19 02. Jan 19 85 €11.70 €994
02. Jan 19 Buy Stuart Chambers Individual 02. Jan 19 02. Jan 19 332 €11.70 €3,883
02. Jan 19 Buy John Rogers Individual 02. Jan 19 02. Jan 19 57 €11.70 €667
05. Dec 18 Sell Carol Kavanagh Individual 04. Dec 18 04. Dec 18 -15,000 €12.29 €-184,346
03. Dec 18 Buy Ruth Anderson Individual 03. Dec 18 03. Dec 18 84 €12.35 €1,037
03. Dec 18 Buy Peter Redfern Individual 03. Dec 18 03. Dec 18 74 €12.35 €914
03. Dec 18 Buy Christopher Charles Rogers Individual 03. Dec 18 03. Dec 18 73 €12.35 €901
03. Dec 18 Buy Coline McConville Individual 03. Dec 18 03. Dec 18 81 €12.35 €1,000
03. Dec 18 Buy Stuart Chambers Individual 03. Dec 18 03. Dec 18 319 €12.35 €3,939
03. Dec 18 Buy John Rogers Individual 03. Dec 18 03. Dec 18 55 €12.35 €679
X
Management checks
We assess Travis Perkins'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. Travis Perkins 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.

LFP News

Simply Wall St News

LFP Company Info

Description

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company’s General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands. The company’s Consumer division supplies domestic building and decorative materials through its store network to DIY and trade customers under the Wickes, Toolstations, and Tile Giant brands. Its Contracts division supplies products used in large construction projects, including new road and rail infrastructure, and power generation construction, as well as public service infrastructure, such as hospitals and schools, and commercial and residential construction and refurbishment. It also provides civils, heavy building, and drainage materials; pipeline and heating solutions; and ceilings, insulation, and drywall products. This segment offers its products under the Keyline, RUDRIDGE, BSS, tfsolutions, and CCF brands. The company’s Plumbing & Heating division delivers various products to installer and contract customers through an integrated national branch network and online capability; and engages in the wholesale business for trade distributor. It provides its products under the PlumbNation, DHS, NSS, The Underfloor Heating Store, City Plumbing Supplies, PTS, and Primaflow F&P brands. The company was formerly known as Sandell Perkins Public Limited Company and changed its name to Travis Perkins plc in October 1988. Travis Perkins plc was founded in 1797 and is headquartered in Northampton, the United Kingdom.

Details
Name: Travis Perkins plc
LFP
Exchange: DB
Founded: 1797
£4,329,123,273
247,935,534
Website: http://www.travisperkinsplc.co.uk
Address: Travis Perkins plc
Lodge Way House,
Lodge Way,
Northampton,
Northamptonshire, NN5 7UG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TPK Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK TVPK.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB LFP Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE TPKL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
OTCPK TPRK.Y SPONSORED ADR Pink Sheets LLC US USD 24. Mar 2011
Number of employees
Current staff
Staff numbers
28,885
Travis Perkins employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:54
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/07/31
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.