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H C Slingsby

AIM:SLNG
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLNG
AIM
£650K
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

H C Slingsby plc, together with its subsidiaries, engages in the merchanting and distribution of industrial and commercial equipment primarily in the United Kingdom. The last earnings update was 227 days ago. More info.


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SLNG Share Price and Events
7 Day Returns
0%
AIM:SLNG
-6.6%
GB Trade Distributors
-5.4%
GB Market
1 Year Returns
-33.3%
AIM:SLNG
-20.5%
GB Trade Distributors
-25.2%
GB Market
SLNG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
H C Slingsby (SLNG) 0% 0% 0% -33.3% 73.3% -84.2%
GB Trade Distributors -6.6% -25.3% -26.7% -20.5% -7.6% 5.5%
GB Market -5.4% -20.6% -29.1% -25.2% -25.9% -25.1%
1 Year Return vs Industry and Market
  • SLNG underperformed the Trade Distributors industry which returned -20.5% over the past year.
  • SLNG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.2% over the past year.
Price Volatility
SLNG
Industry
5yr Volatility vs Market

SLNG Value

 Is H C Slingsby 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 H C Slingsby 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 H C Slingsby.

AIM:SLNG 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 12.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 AIM:SLNG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
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))
= 0.867 (1 + (1- 19%) (432.46%))
2.947
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)
= 0.53% + (2 * 6.07%)
12.67%

Discounted Cash Flow Calculation for AIM:SLNG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for H C Slingsby 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.

AIM:SLNG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 12.67%)
2020 0.08 Est @ -19.03% 0.07
2021 0.07 Est @ -13.17% 0.05
2022 0.06 Est @ -9.06% 0.04
2023 0.06 Est @ -6.18% 0.03
2024 0.05 Est @ -4.17% 0.03
2025 0.05 Est @ -2.76% 0.03
2026 0.05 Est @ -1.77% 0.02
2027 0.05 Est @ -1.08% 0.02
2028 0.05 Est @ -0.6% 0.02
2029 0.05 Est @ -0.26% 0.02
Present value of next 10 years cash flows £0.00
AIM:SLNG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £0.05 × (1 + 0.53%) ÷ (12.67% – 0.53%)
£0.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £0.41 ÷ (1 + 12.67%)10
£0.13
AIM:SLNG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £0.00 + £0.13
£0.13
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £0.13 / 1.00
£0.13
AIM:SLNG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.13
Current discount Discount to share price of £0.65
= -1 x (£0.65 - £0.13) / £0.13
-418%

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

  • The current share price of H C Slingsby 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 H C Slingsby's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are H C Slingsby's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SLNG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £-0.78
AIM:SLNG Share Price ** AIM (2020-04-03) in GBP £0.65
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry PE Ratio Median Figure of 18 Publicly-Listed Trade Distributors Companies 12.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.44x

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

** Primary Listing of H C Slingsby.

AIM:SLNG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.65 ÷ -0.78

-0.84x

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

  • H C Slingsby is loss making, we can't compare its value to the GB Trade Distributors industry average.
  • H C Slingsby is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does H C Slingsby's expected growth come at a high price?
Raw Data
AIM:SLNG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry PEG Ratio Median Figure of 11 Publicly-Listed Trade Distributors Companies 0.5x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*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 H C Slingsby, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on H C Slingsby's assets?
Raw Data
AIM:SLNG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £-1.45
AIM:SLNG Share Price * AIM (2020-04-03) in GBP £0.65
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry PB Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 1.37x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.07x
AIM:SLNG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.65 ÷ -1.45

-0.45x

* Primary Listing of H C Slingsby.

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

  • H C Slingsby has negative assets, we can't compare the value of its assets to the GB Trade Distributors industry average.
X
Value checks
We assess H C Slingsby'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. H C Slingsby 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.

SLNG Future Performance

 How is H C Slingsby 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 H C Slingsby 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
4.5%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is H C Slingsby expected to grow at an attractive rate?
  • Unable to compare H C Slingsby's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare H C Slingsby's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare H C Slingsby's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:SLNG Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.3%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.4%

*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
AIM:SLNG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:SLNG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 20 0 -1
2019-03-31 20 1 -1
2018-12-31 20 1 -1
2018-09-30 19 1 -1
2018-06-30 19 1 -1
2018-03-31 19 0 -1
2017-12-31 19 0 -1
2017-09-30 19 0 -1
2017-06-30 19 0 0
2017-03-31 18 0 0
2016-12-31 18 0 -1
2016-09-30 18 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if H C Slingsby is high growth as no earnings estimate data is available.
  • Unable to determine if H C Slingsby 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
AIM:SLNG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from H C Slingsby Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SLNG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 -0.78
2019-03-31 -0.72
2018-12-31 -0.66
2018-09-30 -0.88
2018-06-30 -1.09
2018-03-31 -1.07
2017-12-31 -1.06
2017-09-30 -0.57
2017-06-30 -0.09
2017-03-31 -0.37
2016-12-31 -0.66
2016-09-30 -0.60

*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 H C Slingsby will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of SLNG’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. H C Slingsby'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 Capital Goods companies here
  3. H C Slingsby'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 H C Slingsby'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
H C Slingsby 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.

SLNG Past Performance

  How has H C Slingsby performed over the past 5 years?

  • H C Slingsby's last earnings update was 227 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 H C Slingsby'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.
  • H C Slingsby does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare H C Slingsby's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare H C Slingsby's 1-year growth to the GB Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
H C Slingsby'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 H C Slingsby Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SLNG 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 20.04 -0.78 6.88
2019-03-31 19.93 -0.72 6.87
2018-12-31 19.82 -0.66 6.86
2018-09-30 19.42 -0.88 6.75
2018-06-30 19.03 -1.09 6.54
2018-03-31 19.13 -1.07 6.48
2017-12-31 19.24 -1.06 6.43
2017-09-30 18.97 -0.57 6.70
2017-06-30 18.70 -0.09 6.96
2017-03-31 18.37 -0.37 6.96
2016-12-31 18.04 -0.66 6.96
2016-09-30 18.33 -0.60 6.90
2016-06-30 18.61 -0.55 6.84
2016-03-31 17.84 -0.49 6.84
2015-12-31 17.06 -0.44 6.84
2015-09-30 15.50 -0.37 6.17
2015-06-30 13.94 -0.31 5.50
2015-03-31 13.26 -0.30 5.50
2014-12-31 12.59 -0.30 5.50
2014-09-30 13.01 -0.35 5.53
2014-06-30 13.42 -0.40 5.57
2014-03-31 13.69 -0.25 5.67
2013-12-31 13.97 -0.10 5.78
2013-09-30 13.97 -0.08 5.96
2013-06-30 13.97 -0.06 6.15

*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 H C Slingsby 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 H C Slingsby has efficiently used its assets last year compared to the GB Trade Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if H C Slingsby 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 H C Slingsby'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.
H C Slingsby 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.

SLNG Health

 How is H C Slingsby'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 H C Slingsby's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • H C Slingsby is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • H C Slingsby's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of H C Slingsby'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.
  • H C Slingsby 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 H C Slingsby Company Filings, last reported 9 months ago.

AIM:SLNG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -1.45 2.70 1.40
2019-03-31 -1.45 2.70 1.40
2018-12-31 0.22 2.60 1.46
2018-09-30 0.22 2.60 1.46
2018-06-30 1.77 2.63 1.39
2018-03-31 1.77 2.63 1.39
2017-12-31 0.38 2.58 1.00
2017-09-30 0.38 2.58 1.00
2017-06-30 0.70 2.66 1.01
2017-03-31 0.70 2.66 1.01
2016-12-31 0.40 2.36 0.63
2016-09-30 0.40 2.36 0.63
2016-06-30 1.42 2.46 0.46
2016-03-31 1.42 2.46 0.46
2015-12-31 2.30 1.69 0.19
2015-09-30 2.30 1.69 0.19
2015-06-30 1.80 1.65 0.33
2015-03-31 1.80 1.65 0.33
2014-12-31 2.79 0.00 1.94
2014-09-30 2.79 0.00 1.94
2014-06-30 3.67 0.00 2.04
2014-03-31 3.67 0.00 2.04
2013-12-31 3.69 0.00 2.33
2013-09-30 3.69 0.00 2.33
2013-06-30 3.20 0.00 2.77
  • H C Slingsby has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if H C Slingsby's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (12%, less than 20% of total debt).
  • Unable to confirm if the interest payments on H C Slingsby's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess H C Slingsby'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. H C Slingsby has a total score of 1/6, 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.

SLNG Dividends

 What is H C Slingsby'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 H C Slingsby dividends.
If you bought £2,000 of H C Slingsby 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 H C Slingsby's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate H C Slingsby'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
AIM:SLNG 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
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 608 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

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

AIM:SLNG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2016-09-09 0.000 0.000
2016-05-26 0.000 0.000
2016-05-25 0.000 0.000
2015-09-18 0.000 0.000
2015-05-18 0.060 1.706
2015-04-24 0.060 1.500
2014-05-23 0.120 3.026
2014-04-28 0.120 3.772
2013-04-19 0.190 4.741
2012-04-20 0.320 6.043
2012-02-29 0.320 4.797
2011-05-18 0.400 5.776
2011-04-21 0.400 5.145
2010-05-21 0.340 4.965
2010-04-23 0.340 5.075
2009-04-24 0.500 7.407

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

  • Unable to perform a dividend volatility check as H C Slingsby has not reported any payouts.
  • Unable to verify if H C Slingsby's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of H C Slingsby's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as H C Slingsby 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 H C Slingsby's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 H C Slingsby afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. H C Slingsby 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.

SLNG Management

 What is the CEO of H C Slingsby'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
Morgan Morris
COMPENSATION £69,980
AGE 47
TENURE AS CEO 2 years
CEO Bio

Mr. Morgan Lawn Morris has been Group Chief Executive of H C Slingsby plc since April 30, 2018 and its Finance Director since October 2015 and serves as Company Secretary. Mr. Morris served as an Interim Finance Director of H C Slingsby plc from February 13, 2015 to October 2015. He served as Finance and Commercial Director for Stephenson Group Limited. He served as Corporate Recovery Assistant Director for Ernst & Young, as well as a range of Pan-European roles for Arthur Andersen. He has been a Director of H C Slingsby plc since February 13, 2015. He serves as a Director of Top Propco Limited, First Propco Limited, The General Dealing Co. Limited, Bentley Organic Limited, Bentley Organic North America Limited, Bentley Organic Trading Limited, Morris & Daughter Limited and Mr Champagne Charlie Limited. He served as a Director of Stephenson Group Limited, Third Propco Limited, Thos. Bentley & Son Limited and Westminster Personal Care Limited.

CEO Compensation
  • Morgan's compensation has increased whilst company is loss making.
  • Morgan's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Dominic Slingsby

TITLE
Executive Chairman & Operations Director
COMPENSATION
£195K
AGE
57

Morgan Morris

TITLE
Group Chief Executive
COMPENSATION
£70K
AGE
47
TENURE
2 yrs
Board of Directors

Dominic Slingsby

TITLE
Executive Chairman & Operations Director
COMPENSATION
£195K
AGE
57
TENURE
3.8 yrs

Morgan Morris

TITLE
Group Chief Executive
COMPENSATION
£70K
AGE
47
TENURE
5.2 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 (£)
X
Management checks
We assess H C Slingsby'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. H C Slingsby 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.

SLNG News

Simply Wall St News

Investors Who Bought H C Slingsby (LON:SLNG) Shares Five Years Ago Are Now Down 79%

Check out our latest analysis for H C Slingsby Given that H C Slingsby didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … There's no doubt those recent returns are much better than the TSR loss of 26% per year over five years. … We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business.

Simply Wall St -

What Type Of Shareholder Owns H C Slingsby plc's (LON:SLNG)?

Generally speaking, as a company grows, institutions will increase their ownership. … As Charlie Munger said 'Show me the incentive and I will show you the outcome.' H C Slingsby is not a large company by global standards. … See our latest analysis for H C Slingsby AIM:SLNG Ownership Summary, May 24th 2019 What Does The Institutional Ownership Tell Us About H C Slingsby?

Simply Wall St -

Did Changing Sentiment Drive H C Slingsby's (LON:SLNG) Share Price Down A Worrying 70%?

Given that H C Slingsby didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. … Over five years, H C Slingsby grew its revenue at 9.1% per year.

Simply Wall St -

What Investors Should Know About H C Slingsby plc's (LON:SLNG) Financial Strength

While small-cap stocks, such as H C Slingsby plc (LON:SLNG) with its market cap of UK£875k, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

What does H C Slingsby plc's (LON:SLNG) Balance Sheet Tell Us About Its Future?

H C Slingsby plc (LON:SLNG) is a small-cap stock with a market capitalization of UK£750.00k. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What does H C Slingsby plc's (LON:SLNG) Balance Sheet Tell Us About Its Future?

H C Slingsby plc (LON:SLNG) is a small-cap stock with a market capitalization of UK£750.00k. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Breaking Down H C Slingsby plc's (LON:SLNG) Ownership Structure

Private Company Ownership Another group of owners that a potential investor in SLNG should consider are private companies, with a stake of 0.25%. … However, an ownership of this size may be relatively insignificant, meaning that these shareholders may not have the potential to influence SLNG's business strategy. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: SLNG's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

How H C Slingsby plc (LON:SLNG) Can Impact Your Portfolio Volatility

Not every stock is exposed to the same level of market risk. … H C Slingsby's beta of 0.02 indicates that the stock value will be less variable compared to the whole stock market. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

What does H C Slingsby plc's (LON:SLNG) Balance Sheet Tell Us About Its Future?

SLNG's debt levels surged from UK£1.80M to UK£2.44M over the last 12 months. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: SLNG’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

H C Slingsby plc (LON:SLNG): Has Recent Earnings Growth Beaten Long-Term Trend?

For H C Slingsby, its most recent earnings (trailing twelve month) is -UK£92.00K, which compared to last year’s figure, has become less negative. … Each year, for the past half a decade H C Slingsby's top-line has increased by a mere 3.08%, on average. … H C Slingsby's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

SLNG Company Info

Description

H C Slingsby plc, together with its subsidiaries, engages in the merchanting and distribution of industrial and commercial equipment primarily in the United Kingdom. It offers a range of incidental purchasing supplies for various sectors, such as handling and lifting, wheel and castor, ladder and step, storage and shelving, office, safety and security, personal protective equipment and work wear, cleaning and hygiene, mailroom and packaging, workshop and maintenance, waste and recycling, premise, locker and cloakroom, sign and label, and flooring and matting. The company also exports its products. The company was founded in 1893 and is headquartered in Shipley, the United Kingdom.

Details
Name: H C Slingsby plc
SLNG
Exchange: AIM
Founded: 1893
£650,000
1,000,000
Website: http://www.slingsby.com
Address: H C Slingsby plc
Otley Road,
Baildon,
Shipley,
West Yorkshire, BD17 7LW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SLNG Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
110
H C Slingsby employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 21:11
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/08/20
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.