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SIG

DB:QIG
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QIG
DB
£160M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. The last earnings update was 204 days ago. More info.


Add to Portfolio Compare Print
  • SIG has significant price volatility in the past 3 months.
QIG Share Price and Events
7 Day Returns
23.1%
DB:QIG
-0.8%
DE Trade Distributors
7.2%
DE Market
1 Year Returns
-79.7%
DB:QIG
-29.6%
DE Trade Distributors
-17.5%
DE Market
QIG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SIG (QIG) 23.1% -56% -77.2% -79.7% -74.6% -88.1%
DE Trade Distributors -0.8% -25.8% -32.7% -29.6% -38.8% -42.8%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • QIG underperformed the Trade Distributors industry which returned -29.6% over the past year.
  • QIG underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
QIG
Industry
5yr Volatility vs Market

Value

 Is SIG 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 SIG 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 SIG.

DB:QIG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:QIG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.871 (1 + (1- 19%) (380.63%))
2.714
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

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

The calculations below outline how an intrinsic value for SIG 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:QIG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 11.75%)
2020 42.88 Analyst x4 38.37
2021 39.73 Analyst x5 31.81
2022 37.72 Est @ -5.04% 27.03
2023 36.35 Est @ -3.65% 23.31
2024 35.38 Est @ -2.67% 20.30
2025 34.68 Est @ -1.99% 17.80
2026 34.15 Est @ -1.51% 15.69
2027 33.75 Est @ -1.17% 13.88
2028 33.44 Est @ -0.94% 12.30
2029 33.18 Est @ -0.77% 10.92
Present value of next 10 years cash flows £211.00
DB:QIG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £33.18 × (1 + -0.39%) ÷ (11.75% – -0.39%)
£272.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £272.23 ÷ (1 + 11.75%)10
£89.63
DB:QIG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £211.00 + £89.63
£300.63
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £300.63 / 591.56
£0.51
DB:QIG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:QIG represents 1.22657x of LSE:SHI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.22657x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.51 x 1.22657
€0.62
Value per share (EUR) From above. €0.62
Current discount Discount to share price of €0.33
= -1 x (€0.33 - €0.62) / €0.62
46.7%

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

Current Discount
Amount off the current price SIG is available for.
Intrinsic value
47%
Share price is €0.3324 vs Future cash flow value of €0.62335
Current Discount Checks
For SIG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SIG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SIG'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 SIG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SIG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:QIG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.01
LSE:SHI Share Price ** LSE (2020-03-27) in GBP £0.27
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 11.98x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

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

** Primary Listing of SIG.

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

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

= 0.27 ÷ 0.01

38.17x

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

  • SIG is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • SIG is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does SIG's expected growth come at a high price?
Raw Data
DB:QIG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
49.6%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 29 Publicly-Listed Trade Distributors Companies 1.12x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.17x ÷ 49.6%

0.77x

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

  • SIG is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SIG's assets?
Raw Data
DB:QIG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.75
LSE:SHI Share Price * LSE (2020-03-27) in GBP £0.27
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 0.99x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:QIG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.27 ÷ 0.75

0.36x

* Primary Listing of SIG.

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

  • SIG is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess SIG'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. SIG has a total score of 4/6, 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 SIG expected to perform in the next 1 to 3 years based on estimates from 11 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
49.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SIG expected to grow at an attractive rate?
  • SIG's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SIG's earnings growth is expected to exceed the Germany market average.
  • SIG's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:QIG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:QIG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 49.6%
DB:QIG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts -5.1%
Europe Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:QIG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:QIG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,203 1
2022-12-31 2,152 1
2021-12-31 2,108 99 18 10
2020-12-31 2,078 80 19 11
2020-03-28
2019-12-31 2,470 100 6 7
DB:QIG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 2,633 98 4
2019-03-31 2,687 97 11
2018-12-31 2,742 96 18
2018-09-30 2,781 77 -4
2018-06-30 2,821 65 -25
2018-03-31 2,850 70 -42
2017-12-31 2,878 75 -60
2017-09-30 2,894 87 -116
2017-06-30 2,909 100 -171
2017-03-31 2,877 85 -147
2016-12-31 2,845 70 -122
2016-09-30 2,772 86 -38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SIG's earnings are expected to grow significantly at over 20% yearly.
  • SIG's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:QIG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from SIG Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QIG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.03 0.04 0.02 4.00
2020-12-31 0.02 0.03 0.01 4.00
2020-03-28
2019-12-31 0.01 0.05 -0.01 4.00
DB:QIG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.01
2019-03-31 0.02
2018-12-31 0.03
2018-09-30 -0.01
2018-06-30 -0.04
2018-03-31 -0.07
2017-12-31 -0.10
2017-09-30 -0.20
2017-06-30 -0.29
2017-03-31 -0.25
2016-12-31 -0.21
2016-09-30 -0.06

*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.
  • SIG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SIG'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 Europe 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.
SIG 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.

Past Performance

  How has SIG performed over the past 5 years?

  • SIG's last earnings update was 204 days ago.
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 SIG'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.
  • SIG's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • SIG has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • SIG has become profitable in the last year making it difficult to compare the DE Trade Distributors industry average.
Earnings and Revenue History
SIG'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 SIG Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QIG 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 2,632.80 4.20 694.80
2019-03-31 2,687.35 10.85 694.80
2018-12-31 2,741.90 17.50 694.80
2018-09-30 2,781.40 -3.75 750.70
2018-06-30 2,820.90 -24.70 806.60
2018-03-31 2,849.65 -42.45 806.60
2017-12-31 2,878.40 -60.20 806.60
2017-09-30 2,893.80 -115.65 824.85
2017-06-30 2,909.20 -171.10 843.10
2017-03-31 2,877.20 -146.60 843.10
2016-12-31 2,845.20 -122.10 843.10
2016-09-30 2,771.60 -38.10 733.15
2016-06-30 2,698.00 45.90 623.20
2016-03-31 2,632.20 40.95 623.20
2015-12-31 2,566.40 36.00 623.20
2015-09-30 2,567.70 34.50 637.35
2015-06-30 2,569.00 33.00 651.50
2015-03-31 2,601.45 33.00 651.50
2014-12-31 2,633.90 33.00 651.50
2014-09-30 2,692.40 13.20 673.20
2014-06-30 2,750.90 -6.60 694.90
2014-03-31 2,735.35 -10.80 694.90
2013-12-31 2,719.80 -15.00 694.90
2013-09-30 2,670.05 1.95 661.90
2013-06-30 2,620.30 18.90 628.90
2013-03-31 2,627.90 22.60 628.90

*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.
  • SIG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SIG used its assets less efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • SIG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SIG'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.
SIG 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.

Health

 How is SIG'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 SIG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SIG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SIG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SIG'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 2.9x 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 SIG Company Filings, last reported 8 months ago.

DB:QIG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 445.80 290.80 153.10
2019-03-31 445.80 290.80 153.10
2018-12-31 462.90 252.70 83.30
2018-09-30 462.90 252.70 83.30
2018-06-30 475.30 305.00 149.70
2018-03-31 475.30 305.00 149.70
2017-12-31 470.50 346.50 108.20
2017-09-30 470.50 346.50 108.20
2017-06-30 523.40 335.70 178.90
2017-03-31 523.40 335.70 178.90
2016-12-31 536.30 401.80 128.10
2016-09-30 536.30 401.80 128.10
2016-06-30 684.50 428.30 153.00
2016-03-31 684.50 428.30 153.00
2015-12-31 649.60 411.70 147.50
2015-09-30 649.60 411.70 147.50
2015-06-30 628.20 318.40 101.40
2015-03-31 628.20 318.40 101.40
2014-12-31 664.30 263.00 111.20
2014-09-30 664.30 263.00 111.20
2014-06-30 670.10 249.20 103.40
2014-03-31 670.10 249.20 103.40
2013-12-31 693.10 259.80 118.70
2013-09-30 693.10 259.80 118.70
2013-06-30 734.20 285.30 99.10
2013-03-31 734.20 285.30 99.10
  • SIG's level of debt (65.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37.2% vs 65.2% today).
  • Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SIG'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. SIG has a total score of 3/6, 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 SIG'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
13.84%
Current annual income from SIG dividends. Estimated to be 12.17% next year.
If you bought €2,000 of SIG shares you are expected to receive €277 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?
  • SIG's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • SIG's dividend is above the markets top 25% of dividend payers in Germany (4.96%).
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:QIG 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 11 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:QIG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.04 1.00
2022-12-31 0.04 1.00
2021-12-31 0.03 13.00
2020-12-31 0.03 13.00
2020-03-28
2019-12-31 0.03 12.00
DB:QIG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.038 3.838
2019-03-08 0.038 2.645
2018-09-21 0.038 3.231
2018-04-05 0.038 2.831
2018-03-09 0.038 2.772
2017-03-14 0.037 2.404
2016-04-07 0.046 4.104
2016-03-09 0.046 3.219
2015-04-09 0.044 2.696
2015-03-12 0.044 2.200
2014-08-13 0.038 2.242
2014-04-09 0.036 1.926
2014-03-13 0.036 1.746
2013-03-07 0.030 1.634
2012-03-14 0.030 2.804
2011-08-25 0.015 1.581
2010-03-18 0.000 0.000
2010-03-17 0.000 0.000
2009-08-20 0.000 0.000

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

  • SIG 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 SIG only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of SIG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess SIG's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 SIG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SIG has a total score of 3/6, 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 SIG'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
Steve Francis
AGE 57
TENURE AS CEO 0.1 years
CEO Bio

Mr. Stephen Roland William Francis, also known as Steve, has been the Chief Executive Officer and Director of SIG plc since February 25, 2020. Mr. Francis served as Chief Executive Officer of Patisserie Holdings plc since November 15, 2018 to 2019. Mr. Francis served as the Chief Executive Officer of Tulip Ltd since September 1, 2016. Mr. Francis has been a Director/Partner of Fairfax Partners Group Ltd. Mr. Francis has extensive international experience of turning around companies. He has experience from several sectors, including the food and the meat industries. His past directorships and partnerships over the last 5 years include : Oak Crown Meats Limited, Dixon Pork & Bacon Company Limited, Parkam Foods Limited, Tranfoods Limited, Dak (UK) Ltd, Hafnia Ham Company Limited, Geo. Adams & Sons (Frozen Foods) Ltd, Geo. Adams & Sons (Pigs) Limited, Flagship Foods Limited, Hygrade Foods Limited, Normeat Company Limited, Wolverhampton Sandwiches Limited, Ess-Food UK Limited, Dalehead Foods Holdings Limited, Dalehead Trustees Ltd, Fancy a Quickie Limited, Geo. Adams & Sons (Holdings) Limited, Danish Deli Limited, Henry A. Lane & Company Limited, Latona Foods Limited, Danwood Wales Limited, Grampian Country Pork Limited, Hykeham Capital Limited, Hykeham Group Holdings Limited, Global Source and Marketing Limited, Danwood Limited, Insatsu Chosa Limited, Hykeham Group Limited, Kent Photocopier Associates Limited, Kent Photocopier Services (London) Limited, KPS Business Solutions Limited, Document Express Limited, P H J Limited, KPS (Group) Limited, Lane Food Company Limited (The), Laxgate Limited, Trophy Foods Limited, Danish Crown Foods Limited, Flagship Fresh Meats Limited, Prideaux Stables Limited, Belvoir Foods Limited, Tulip International (UK) Limited, Tulip Limited, Geo. Adams & Sons Limited, Tulip International (UK) Cooked Meat Division Limited, Tulip International (UK) Wellingborough Limited, Meadowbrook Foods Limited, Gott Holdings Limited, Dalehead Foods Limited, Gott Foods Limited, Vjs Foods Limited, Glenbrook Foods Limited, Danish Crown Holding (UK) Limited, Roach Foods Limited, Danish Bacon Company Limited, Adams Pork Products Limited, Geo. Adams & Sons (Farms) Limited, Celebrity Food Factories (U.K.) Limited, Foodane Limited, Plumrose Limited, VJS Holdings (U.K.) Limited, Norman C. Roach & Son Limited, Tulip Food Service Limited, Printware Limited, Phoenix Office Supplies Limited and The Danwood Group Limited. He is described as an expert in solving complex problems in companies. He served as the Chief Executive Officer of The Danwood Group Ltd. from October 2012 to September 1, 2015. He served as Chief Operating Officer, Chief Financial Officer and then Managing Director of Pork Business Unit at Vion Food Group from 2008 to 2012. He served as Chief Operating Officer and Chief Financial Officer of British Vita from 2005 to 2007. Mr. Francis was Founder and Partner of MNS Partners from 2003 to 2005. He was Managing Director and Head of Corporate Finance at Barclays Capital from 2001 to 2003. He was Lead Partner of European M&A at PwC from 1999 to 2001. He was Vice President and Head of Northern European Strategy at A.T. Kearney from 1997 to 1999. He served as Senior Engagement Manager of McKinsey & Company from 1992 to 1997. He served as Divisional Director and Head of Corporate Development at Brent Chemicals from 1988 to 1992. He served as a Director of Hykeham Capital Limited from December 18, 2012 to September 1, 2015. He served as Assistant Director of County Natwest from 1985 to 1988. He was Graduate Traniee of First Chicago from 1983 to 1985. Mr. Francis received an MA in Physics from Oxford University in 1983. He was a director of Paramount Food Limited.

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

Average tenure of the SIG management team in years:

0.7
Average Tenure
  • The average tenure for the SIG management team is less than 2 years, this suggests a new team.
Management Team

Steve Francis

TITLE
CEO & Director
AGE
57
TENURE
0.1 yrs

Norman Adsetts

TITLE
President

Kath Kearney-Croft

TITLE
Interim CFO & Director
AGE
44
TENURE
0.1 yrs

Richard Boynett

TITLE
Chief Information Officer
TENURE
0.1 yrs

Andrew Watkins

TITLE
General Counsel
TENURE
0.1 yrs

Hilary Kendrick

TITLE
Group Communications Director

Clare Taylor

TITLE
Group Human Resources Director
TENURE
1.6 yrs

Marcin Szczygiel

TITLE
Managing Director of Poland
TENURE
21.2 yrs

Guy Bruce

TITLE
Managing Director of SIG Exteriors
TENURE
1.7 yrs

Julien Monteiro

TITLE
Managing Director of SIG France
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the SIG board of directors in years:

0.7
Average Tenure
57
Average Age
  • The average tenure for the SIG board of directors is less than 3 years, this suggests a new board.
Board of Directors

Andrew Allner

TITLE
Non-Executive Chairman
COMPENSATION
£202K
AGE
65
TENURE
2.3 yrs

Steve Francis

TITLE
CEO & Director
AGE
57
TENURE
0.1 yrs

Kath Kearney-Croft

TITLE
Interim CFO & Director
AGE
44
TENURE
0.1 yrs

Ian Duncan

TITLE
Independent Non-Executive Director
COMPENSATION
£68K
AGE
58
TENURE
3.2 yrs

Kate Allum

TITLE
Non-Executive Director
AGE
54
TENURE
0.7 yrs

Alan Lovell

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£29K
AGE
65
TENURE
1.6 yrs

Gillian D. Kent

TITLE
Non-Executive Director
AGE
56
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Oct 19 Buy N. Maddock Individual 09. Oct 19 09. Oct 19 74,000 €1.14 €84,348
08. Oct 19 Sell Andrew Allner Individual 08. Oct 19 08. Oct 19 -6,000 €1.11 €-6,647
08. Oct 19 Buy Andrew Allner Individual 08. Oct 19 08. Oct 19 16,000 €1.11 €17,795
X
Management checks
We assess SIG'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. SIG 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

SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems. The company also provides exterior products, including tiles, slates, membranes, and battens for pitched roofs; single-ply flat roofing systems; industrial roofing and cladding systems; and room-in-roof panel systems. In addition, it offers interior fit out products comprising dry lining, ceiling tiles and grids, doorsets, partition walls, and floor coverings. The company was formerly known as Sheffield Insulations Limited. SIG plc was founded in 1957 and is headquartered in Sheffield, the United Kingdom.

Details
Name: SIG plc
QIG
Exchange: DB
Founded: 1957
£179,466,437
591,556,982
Website: http://www.sigplc.com
Address: SIG plc
Signet House,
17 Europa View,
Sheffield,
South Yorkshire, S9 1XH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SHI Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
DB QIG Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE SHIL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
8,260
SIG employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 21:33
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2019/09/06
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.