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Town Sports International Holdings

DB:T3D
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T3D
DB
$11M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Town Sports International Holdings, Inc., together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • Town Sports International Holdings has significant price volatility in the past 3 months.
T3D Share Price and Events
7 Day Returns
-17.8%
DB:T3D
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-89.6%
DB:T3D
-48.1%
DE Hospitality
-20.9%
DE Market
T3D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Town Sports International Holdings (T3D) -17.8% -63.4% -83.6% -89.6% - -
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • T3D underperformed the Hospitality industry which returned -48.1% over the past year.
  • T3D underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
T3D
Industry
5yr Volatility vs Market

Value

 Is Town Sports International Holdings 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 Town Sports International Holdings 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 Town Sports International Holdings.

DB:T3D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.5%
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:T3D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (7298.53%))
31.065
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 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:T3D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Town Sports International Holdings 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:T3D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 11.02 Est @ -0.54% 9.98
2021 10.97 Est @ -0.5% 8.98
2022 10.92 Est @ -0.47% 8.09
2023 10.87 Est @ -0.44% 7.29
2024 10.82 Est @ -0.43% 6.57
2025 10.78 Est @ -0.42% 5.92
2026 10.73 Est @ -0.41% 5.34
2027 10.69 Est @ -0.4% 4.81
2028 10.65 Est @ -0.4% 4.34
2029 10.61 Est @ -0.4% 3.91
Present value of next 10 years cash flows $65.00
DB:T3D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $10.61 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$97.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $97.10 ÷ (1 + 10.49%)10
$35.81
DB:T3D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $65.00 + $35.81
$100.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $100.81 / 27.24
$3.7
DB:T3D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T3D represents 1.015x of NasdaqGM:CLUB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.015x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 3.70 x 1.015
€3.76
Value per share (EUR) From above. €3.76
Current discount Discount to share price of €0.41
= -1 x (€0.41 - €3.76) / €3.76
89.2%

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

Current Discount
Amount off the current price Town Sports International Holdings is available for.
Intrinsic value
>50%
Share price is €0.41 vs Future cash flow value of €3.76
Current Discount Checks
For Town Sports International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Town Sports International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Town Sports International Holdings'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 Town Sports International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Town Sports International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T3D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.70
NasdaqGM:CLUB Share Price ** NasdaqGM (2020-04-03) in USD $0.4
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Town Sports International Holdings.

DB:T3D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:CLUB Share Price ÷ EPS (both in USD)

= 0.4 ÷ -0.70

-0.57x

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

  • Town Sports International Holdings is loss making, we can't compare its value to the DE Hospitality industry average.
  • Town Sports International Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Town Sports International Holdings's expected growth come at a high price?
Raw Data
DB:T3D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Town Sports International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Town Sports International Holdings's assets?
Raw Data
DB:T3D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-3.24
NasdaqGM:CLUB Share Price * NasdaqGM (2020-04-03) in USD $0.4
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:T3D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:CLUB Share Price ÷ Book Value per Share (both in USD)

= 0.4 ÷ -3.24

-0.12x

* Primary Listing of Town Sports International Holdings.

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

  • Town Sports International Holdings has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Town Sports International Holdings'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Town Sports International Holdings has a total score of 2/6, 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 Town Sports International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Town Sports International Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
28.9%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Town Sports International Holdings expected to grow at an attractive rate?
  • Unable to compare Town Sports International Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Town Sports International Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Town Sports International Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:T3D Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:T3D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T3D Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:T3D Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 467 31 -19
2019-09-30 464 43 -13
2019-06-30 459 42 -5
2019-03-31 453 49 -3
2018-12-31 443 64 0
2018-09-30 435 41 19
2018-06-30 423 41 9
2018-03-31 411 41 8
2017-12-31 403 28 4
2017-09-30 394 39 -17
2017-06-30 394 28 -9
2017-03-31 395 23 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Town Sports International Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Town Sports International Holdings is high growth as no revenue estimate data is available.
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:T3D Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Town Sports International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T3D Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:T3D Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.70
2019-09-30 -0.49
2019-06-30 -0.20
2019-03-31 -0.12
2018-12-31 0.00
2018-09-30 0.73
2018-06-30 0.37
2018-03-31 0.34
2017-12-31 0.17
2017-09-30 -0.67
2017-06-30 -0.36
2017-03-31 0.46

*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 Town Sports International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of T3D’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Town Sports International Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. Town Sports International Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Town Sports International Holdings'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 Germany 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.
Town Sports International Holdings has a total score of 0/6, 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 Town Sports International Holdings 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 Town Sports International Holdings's growth in the last year to its industry (Hospitality).
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.
  • Town Sports International Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Town Sports International Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Town Sports International Holdings's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Town Sports International Holdings'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 Town Sports International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T3D Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 466.76 -18.56 333.88
2019-09-30 464.28 -12.94 298.72
2019-06-30 458.96 -5.15 264.77
2019-03-31 452.58 -3.10 230.76
2018-12-31 443.09 0.08 193.46
2018-09-30 434.94 18.77 183.70
2018-06-30 423.41 9.44 177.79
2018-03-31 411.07 8.43 172.05
2017-12-31 403.04 4.37 170.78
2017-09-30 393.82 -16.88 173.03
2017-06-30 393.71 -9.11 174.06
2017-03-31 394.66 12.03 176.35
2016-12-31 396.92 8.04 178.88
2016-09-30 401.65 95.30 190.76
2016-06-30 406.88 78.80 196.75
2016-03-31 414.24 27.00 205.41
2015-12-31 424.32 21.16 215.33
2015-09-30 433.21 -129.53 207.70
2015-06-30 441.96 -108.39 210.32
2015-03-31 449.36 -78.24 209.21
2014-12-31 453.84 -68.99 216.26
2014-09-30 458.03 -6.00 207.27
2014-06-30 462.55 -2.54 206.12
2014-03-31 466.96 4.58 204.71
2013-12-31 470.23 12.32 203.00
2013-09-30 470.53 12.57 204.43
2013-06-30 473.10 13.13 203.07

*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.
  • It is difficult to establish if Town Sports International Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Town Sports International Holdings has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Town Sports International Holdings 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 Town Sports International Holdings'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 Hospitality 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.
Town Sports International Holdings 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 Town Sports International Holdings'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 Town Sports International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Town Sports International Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Town Sports International Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Town Sports International Holdings'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.
  • Town Sports International Holdings has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Town Sports International Holdings Company Filings, last reported 3 months ago.

DB:T3D Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -88.35 181.78 18.81
2019-09-30 -85.75 181.96 20.86
2019-06-30 -74.41 192.11 29.82
2019-03-31 -73.77 200.46 37.18
2018-12-31 -72.70 200.69 48.09
2018-09-30 -75.39 203.27 50.33
2018-06-30 -72.54 198.00 58.61
2018-03-31 -73.50 195.84 54.43
2017-12-31 -77.96 196.19 30.32
2017-09-30 -99.66 196.74 59.29
2017-06-30 -86.96 197.19 67.39
2017-03-31 -87.41 197.70 59.87
2016-12-31 -85.67 196.83 45.60
2016-09-30 -86.03 199.11 48.33
2016-06-30 -81.36 199.71 58.93
2016-03-31 -102.80 268.98 87.76
2015-12-31 -96.25 268.78 76.22
2015-09-30 -183.89 384.98 88.29
2015-06-30 -161.59 384.87 98.36
2015-03-31 -131.05 385.48 110.82
2014-12-31 -118.08 384.57 93.45
2014-09-30 -53.83 397.48 117.95
2014-06-30 -55.10 315.32 77.41
2014-03-31 -50.21 314.87 76.17
2013-12-31 -43.52 315.09 73.60
2013-09-30 -40.40 312.13 67.96
2013-06-30 -43.69 311.97 69.52
  • Town Sports International Holdings has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Town Sports International Holdings's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Town Sports International Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Town Sports International Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -32.6% per year.
X
Financial health checks
We assess Town Sports International Holdings'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. Town Sports International Holdings has a total score of 2/6, 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 Town Sports International Holdings'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
0%
Current annual income from Town Sports International Holdings dividends.
If you bought €2,000 of Town Sports International Holdings shares you are expected to receive €0 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?
  • Unable to evaluate Town Sports International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Town Sports International Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:T3D 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 0 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 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 4.9%

Industry and Market average data is calculated daily.

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

DB:T3D Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
DB:T3D Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-05-03 0.000 0.000
2016-03-07 0.000 0.000
2015-11-02 0.000 0.000
2015-07-30 0.000 0.000
2015-05-05 0.000 0.000
2015-02-27 0.000 0.000
2015-02-25 0.000 0.000
2014-07-30 0.000 0.000
2014-04-16 0.640 9.982
2013-11-15 0.640 5.989

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

  • Unable to perform a dividend volatility check as Town Sports International Holdings has not reported any payouts.
  • Unable to verify if Town Sports International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Town Sports International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Town Sports International Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Town Sports International Holdings'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 Town Sports International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Town Sports International Holdings has a total score of 0/6, 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 Town Sports International Holdings'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
Patrick Walsh
COMPENSATION $2,164,000
AGE 43
TENURE AS CEO 3.6 years
CEO Bio

Mr. Patrick Dennis Walsh has been Chief Executive Officer at Town Sports International, LLC since September 30, 2016. Mr. Walsh has been the Executive Chairman of Town Sports International Holdings, Inc. since June 19, 2015 and has been its Chief Executive Officer since September 30, 2016. He was owner, operator and franchisor of casual Mexican restaurants, since June 2015. Mr. Walsh served as the Chairman at Town Sports International Holdings, Inc. since April 2015 until May 2015 and has been its Director since March 24, 2015. Mr. Walsh served as the Managing Partner and Chief Compliance Officer of PW Partners Capital Management, LLC since September 2012. From December 2011 to August 2012, Mr. Walsh was a Managing Partner of PWK Partners, LLC, a value-oriented, private investment firm. From September 2011 to December 2011, he engaged in activities relating to the formation of PWK Partners, LLC and its affiliated funds. He has served as the Managing Member and Chief Executive Officer of PW Partners, LLC, the general partner of PW Partners Master Fund LP (“PW Master Fund”), and PW Partners Atlas Funds, LLC, the general partner of PW Partners Atlas Fund II LP (“Atlas Fund II”) and PW Partners Atlas Fund LP (“Atlas Fund I”) since August 2012. He founded PW Partners in 2012. Prior to this, he was a Partner of Oak Street Capital Management, LLC from March 2008 to September 2011. Prior to this, he was employed at Deutsche Bank AG. From August 2004 to February 2008, Mr. Walsh was Vice President at Deutsche Bank Securities, Inc. He served at Prudential Equity Group, LLC, Research Division. Mr. Walsh has been Director of BJ's Restaurants, Inc. since June 2014 and was the Director of Del Taco Restaurants, Inc. from June 30, 2015 until August 18, 2019. He served as an Independent Director at Famous Dave's of America Inc. since May 1, 2013 until August 24, 2017. He is a Chartered Financial Analyst.

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

Average tenure and age of the Town Sports International Holdings management team in years:

2.9
Average Tenure
46
Average Age
  • The tenure for the Town Sports International Holdings management team is about average.
Management Team

Patrick Walsh

TITLE
Executive Chairman & CEO
COMPENSATION
$2M
AGE
43
TENURE
3.6 yrs

Stuart Steinberg

TITLE
General Counsel
COMPENSATION
$560K
AGE
62
TENURE
2.9 yrs

Carolyn Spatafora

TITLE
Chief Financial Officer (Leave of Absence)
COMPENSATION
$724K
AGE
53
TENURE
0.4 yrs

Phillip Juhan

TITLE
Chief Financial Officer
AGE
44
TENURE
0.1 yrs

Nitin Ajmera

TITLE
Chief Accounting Officer
COMPENSATION
$480K
AGE
46
TENURE
1.1 yrs

Long Dang

TITLE
Chief Information Officer
TENURE
4 yrs

Michelle Ryan

TITLE
Chief Marketing Officer
AGE
46
TENURE
4.5 yrs
Board of Directors Tenure

Average tenure and age of the Town Sports International Holdings board of directors in years:

5.1
Average Tenure
49
Average Age
  • The tenure for the Town Sports International Holdings board of directors is about average.
Board of Directors

Patrick Walsh

TITLE
Executive Chairman & CEO
COMPENSATION
$2M
AGE
43
TENURE
4.8 yrs

Louis Wells

TITLE
Independent Director
COMPENSATION
$154K
AGE
49
TENURE
5.1 yrs

Marty Annese

TITLE
Independent Director
COMPENSATION
$140K
AGE
60
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • Town Sports International Holdings individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Mar 20 Sell Nitin Ajmera Individual 23. Mar 20 23. Mar 20 -2,037 €0.73 €-1,479
23. Jan 20 Sell Nitin Ajmera Individual 22. Jan 20 22. Jan 20 -2,683 €2.44 €-6,533
07. Jan 20 Buy Kennedy Lewis Management LP Company 27. Dec 19 27. Dec 19 4,200,000 €1.34 €5,637,870
03. Jan 20 Sell HG Vora Capital Company 03. Jan 20 03. Jan 20 -1,500,000 €1.34 €-2,013,750
03. Jan 20 Buy PW Partners Capital Management LLC Company 03. Jan 20 03. Jan 20 4,300,000 €1.34 €5,772,750
18. Dec 19 Sell Nitin Ajmera Individual 17. Dec 19 17. Dec 19 -1,884 €1.57 €-2,956
17. Dec 19 Buy Patrick Walsh Individual 13. Dec 19 13. Dec 19 21,508 €1.58 €34,031
17. Dec 19 Sell HG Vora Capital Company 13. Dec 19 13. Dec 19 -4,200,000 €1.35 €-5,663,700
13. Dec 19 Sell HG Vora Capital Company 11. Dec 19 11. Dec 19 -2,800,000 €1.35 €-3,785,460
10. Dec 19 Sell Nitin Ajmera Individual 06. Dec 19 06. Dec 19 -1,055 €1.45 €-1,528
18. Sep 19 Buy Patrick Walsh Individual 16. Sep 19 16. Sep 19 16,607 €1.78 €29,597
29. Aug 19 Buy Patrick Walsh Individual 26. Aug 19 28. Aug 19 395,126 €1.69 €599,630
02. May 19 Buy Patrick Walsh Individual 30. Apr 19 02. May 19 247,895 €3.33 €802,462
X
Management checks
We assess Town Sports International Holdings'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. Town Sports International Holdings 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

Town Sports International Holdings, Inc., together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company’s clubs offer special purpose rooms for group fitness classes; and other exercise programs, as well as accommodate cardiovascular and strength-training equipment. Its clubs also provide amenities, including swimming pools, racquet and basketball courts, and functional training zones, as well as babysitting services; and fee-based program services, which comprise personal and small group training, children’s programs, and summer camps for kids. The company sells its memberships through direct sales at the club level, as well as corporate and group sales; and through its Websites. As of December 31, 2019, it owned and operated 186 fitness clubs. The company was founded in 1973 and is based in Jupiter, Florida.

Details
Name: Town Sports International Holdings, Inc.
T3D
Exchange: DB
Founded: 1973
$10,099,948
27,241,203
Website: http://www.townsportsinternational.com
Address: Town Sports International Holdings, Inc.
1001 US North Highway 1,
Suite 201,
Jupiter,
Florida, 33477,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM CLUB Class A Common Stock Nasdaq Global Market US USD 02. Jun 2006
DB T3D Class A Common Stock Deutsche Boerse AG DE EUR 02. Jun 2006
Number of employees
Current staff
Staff numbers
5,550
Town Sports International Holdings employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:32
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/02/28
Last earnings filing: 2020/03/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.