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Severfield

BATS-CHIXE:SFRl
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SFRl
BATS-CHIXE
£205M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and internationally. The last earnings update was 133 days ago. More info.


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  • Severfield has significant price volatility in the past 3 months.
SFRl Share Price and Events
7 Day Returns
0%
BATS-CHIXE:SFRl
3.8%
GB Construction
0.1%
GB Market
1 Year Returns
-
BATS-CHIXE:SFRl
-34.1%
GB Construction
-23.6%
GB Market
SFRl Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Severfield (SFRl) 0% -24.3% -23.2% - -17.6% -
GB Construction 3.8% -20.1% -22.7% -34.1% -57.8% -57.3%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • No trading data on SFRl.
  • No trading data on SFRl.
Price Volatility
SFRl
Industry
5yr Volatility vs Market

SFRl Value

 Is Severfield 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 Severfield 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 Severfield.

BATS-CHIXE:SFRl Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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 BATS-CHIXE:SFRl
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.863 (1 + (1- 19%) (5.78%))
0.935
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.935 * 6.07%)
6.21%

Discounted Cash Flow Calculation for BATS-CHIXE:SFRl using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Severfield 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.

BATS-CHIXE:SFRl DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.21%)
2020 12.43 Analyst x3 11.71
2021 15.07 Analyst x3 13.36
2022 16.07 Analyst x3 13.41
2023 16.76 Est @ 4.3% 13.17
2024 17.29 Est @ 3.17% 12.79
2025 17.70 Est @ 2.38% 12.33
2026 18.02 Est @ 1.82% 11.82
2027 18.28 Est @ 1.43% 11.29
2028 18.49 Est @ 1.16% 10.75
2029 18.67 Est @ 0.97% 10.22
Present value of next 10 years cash flows £120.00
BATS-CHIXE:SFRl DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £18.67 × (1 + 0.53%) ÷ (6.21% – 0.53%)
£330.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £330.61 ÷ (1 + 6.21%)10
£181.03
BATS-CHIXE:SFRl Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £120.00 + £181.03
£301.03
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £301.03 / 305.93
£0.98
BATS-CHIXE:SFRl Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:SFRl represents 0.96269x of LSE:SFR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96269x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.98 x 0.96269
£0.95
Value per share (GBP) From above. £0.95
Current discount Discount to share price of £0.65
= -1 x (£0.65 - £0.95) / £0.95
31.9%

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

Current Discount
Amount off the current price Severfield is available for.
Intrinsic value
32%
Share price is £0.645 vs Future cash flow value of £0.94727
Current Discount Checks
For Severfield to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Severfield's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Severfield's share price is below the future cash flow value, but not 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 Severfield's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Severfield's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:SFRl PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.05
LSE:SFR Share Price ** LSE (2020-03-30) in GBP £0.67
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.67x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Severfield.

BATS-CHIXE:SFRl PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.67 ÷ 0.05

12.47x

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

  • Severfield is overvalued based on earnings compared to the GB Construction industry average.
  • Severfield is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Severfield's expected growth come at a high price?
Raw Data
BATS-CHIXE:SFRl PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
12.1%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.83x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:SFRl PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.47x ÷ 12.1%

1.03x

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

  • Severfield is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Severfield's assets?
Raw Data
BATS-CHIXE:SFRl PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £0.55
LSE:SFR Share Price * LSE (2020-03-30) in GBP £0.67
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.06x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:SFRl PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.67 ÷ 0.55

1.21x

* Primary Listing of Severfield.

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

  • Severfield is overvalued based on assets compared to the GB Construction industry average.
X
Value checks
We assess Severfield'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Severfield 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.

SFRl Future Performance

 How is Severfield expected to perform in the next 1 to 3 years based on estimates from 5 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
12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Severfield expected to grow at an attractive rate?
  • Severfield's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Severfield's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Severfield's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:SFRl Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:SFRl Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 12.1%
BATS-CHIXE:SFRl Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.8%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:SFRl Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:SFRl Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 343 30 26 5
2021-03-31 336 29 24 5
2020-04-07
2020-03-31 328 26 22 5
BATS-CHIXE:SFRl Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 258 18 16
2019-06-30 266 16 18
2019-03-31 275 15 20
2018-12-31 281 13 20
2018-09-30 286 11 20
2018-06-30 280 15 19
2018-03-31 274 19 18
2017-12-31 278 22 18
2017-09-30 281 25 19
2017-06-30 272 25 17
2017-03-31 262 25 15
2016-12-31 251 25 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Severfield's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
  • Severfield's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:SFRl Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Severfield Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SFRl Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.08 0.08 0.08 2.00
2021-03-31 0.07 0.08 0.06 3.00
2020-04-07
2020-03-31 0.07 0.07 0.07 3.00
BATS-CHIXE:SFRl Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.05
2019-06-30 0.06
2019-03-31 0.07
2018-12-31 0.07
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.06
2017-09-30 0.06
2017-06-30 0.06
2017-03-31 0.05
2016-12-31 0.05

*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.
  • Severfield is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Severfield'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.
Severfield has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

SFRl Past Performance

  How has Severfield 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 Severfield's growth in the last year to its industry (Construction).
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.
  • Severfield has delivered over 20% year on year earnings growth in the past 5 years.
  • Severfield's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Severfield's 1-year earnings growth is negative, it can't be compared to the GB Construction industry average.
Earnings and Revenue History
Severfield'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 Severfield Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SFRl Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 257.58 16.32 66.46
2019-06-30 266.25 18.24 66.46
2019-03-31 274.92 20.16 66.46
2018-12-31 280.55 19.84 68.92
2018-09-30 286.19 19.51 71.37
2018-06-30 280.19 18.83 71.37
2018-03-31 274.20 18.15 71.37
2017-12-31 277.69 18.35 70.02
2017-09-30 281.18 18.55 68.67
2017-06-30 271.70 16.94 68.67
2017-03-31 262.22 15.33 68.67
2016-12-31 251.34 13.73 65.62
2016-09-30 240.45 12.13 62.57
2016-06-30 239.91 10.37 62.57
2016-03-31 239.36 8.60 62.57
2015-12-31 230.27 4.98 59.53
2015-09-30 221.18 1.37 56.50
2015-06-30 211.36 0.76 56.50
2015-03-31 201.54 0.14 56.50
2014-12-31 206.56 0.73 53.97
2014-09-30 211.58 1.31 51.45
2014-06-30 221.45 -0.66 51.45
2014-03-31 231.31 -2.64 51.45

*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.
  • Severfield has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Severfield used its assets more efficiently than the GB Construction industry average last year based on Return on Assets.
  • Severfield's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Severfield'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 Construction 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.
Severfield has a total score of 2/6, 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.

SFRl Health

 How is Severfield'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 Severfield's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Severfield is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Severfield's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Severfield'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.
  • Severfield has no debt, it does not need to be 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 Severfield Company Filings, last reported 6 months ago.

BATS-CHIXE:SFRl Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 169.14 0.00 22.33
2019-06-30 169.14 0.00 22.33
2019-03-31 175.01 0.00 24.98
2018-12-31 175.01 0.00 24.98
2018-09-30 171.14 0.00 25.41
2018-06-30 171.14 0.00 25.41
2018-03-31 169.00 0.00 33.11
2017-12-31 169.00 0.00 33.11
2017-09-30 159.91 0.00 31.60
2017-06-30 159.91 0.00 31.60
2017-03-31 154.16 0.00 32.85
2016-12-31 154.16 0.00 32.85
2016-09-30 145.46 0.00 24.68
2016-06-30 145.46 0.00 24.68
2016-03-31 148.21 0.00 19.03
2015-12-31 148.21 0.00 19.03
2015-09-30 143.60 0.00 13.56
2015-06-30 143.60 0.00 13.56
2015-03-31 140.58 0.00 6.88
2014-12-31 140.58 0.00 6.88
2014-09-30 143.89 0.00 8.24
2014-06-30 143.89 0.00 8.24
2014-03-31 143.40 5.00 5.53
  • Severfield has no debt.
  • Severfield had no debt 5 years ago.
  • Severfield has no debt, it does not need to be covered by operating cash flow.
  • Severfield has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Severfield'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. Severfield has a total score of 6/6, 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.

SFRl Dividends

 What is Severfield'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
4.33%
Current annual income from Severfield dividends. Estimated to be 4.94% next year.
If you bought £2,000 of Severfield shares you are expected to receive £87 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?
  • Severfield's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Severfield's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
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
BATS-CHIXE:SFRl 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 5 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:SFRl Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.03 5.00
2021-03-31 0.03 5.00
2020-04-07
2020-03-31 0.03 5.00
BATS-CHIXE:SFRl Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-11-27 0.029 3.715
2019-09-03 0.028 3.876
2018-08-03 0.026 3.699
2018-06-20 0.026 3.083
2017-09-06 0.023 3.121
2016-08-01 0.020 2.850
2016-06-15 0.020 4.004
2015-11-24 0.010 1.776
2015-09-02 0.005 0.790
2014-07-29 0.000 0.000
2014-06-03 0.000 0.000
2013-11-26 0.000 0.000
2013-07-29 0.000 0.000
2013-06-04 0.000 0.000
2013-02-28 0.000 0.000
2012-08-21 0.015 1.442
2012-03-20 0.050 3.050
2011-08-23 0.030 1.698
2011-03-22 0.050 2.211
2010-08-25 0.100 4.146
2010-03-23 0.100 4.567
2009-12-31 0.100 4.938
2009-08-25 0.150 8.505
2009-04-27 0.200 10.238

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Severfield's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Severfield's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Severfield afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Severfield 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.

SFRl Management

 What is the CEO of Severfield'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
Alan Dunsmore
COMPENSATION £890,000
AGE 49
TENURE AS CEO 3.1 years
CEO Bio

Mr. Alan Dunsmore, BAcc, CA, has been Chief Executive Officer at Severfield plc since February 2018. He served as the Interim Chief Executive of Severfield plc since March, 2017 until January 31, 2018. Mr. Dunsmore has been the Director of Finance at Smiths Detection-LiveWave Inc. since 2004. Mr. Dunsmore served as the Group Finance Director at Severfield plc since March 1, 2010 until March 2017. He served as the Head of Finance at Smiths Detection Group Limited. He joined Smiths Group in 1995 in the Medical Division and held various positions throughout that business, including some time in Japan. Prior to this, he served as Director of Finance for the international business of Smiths Medical. Prior to joining Smiths, he was with PricewaterhouseCoopers in Glasgow, where he qualified as a Chartered Accountant in 1992. He has been Director of Severfield plc since March 1, 2010.

CEO Compensation
  • Alan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alan's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Severfield management team in years:

6.3
Average Tenure
49
Average Age
  • The average tenure for the Severfield management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alan Dunsmore

TITLE
CEO & Director
COMPENSATION
£890K
AGE
49
TENURE
3.1 yrs

Adam Semple

TITLE
Group Finance Director & Director
COMPENSATION
£357K
TENURE
3.1 yrs

Ian Robert Cochrane

TITLE
COO & Director
COMPENSATION
£776K
AGE
49
TENURE
6.8 yrs

Derek Randall

TITLE
Executive Director & MD of JSW Severfield Structures
COMPENSATION
£737K
AGE
57
TENURE
6.3 yrs

Mark Sanderson

TITLE
Group Legal Director & Company Secretary
TENURE
6.6 yrs

Carolyn Hobdey

TITLE
Group Director of Human Resource
TENURE
1.4 yrs

Brian Keys

TITLE
Managing Director of Severfield (NI) Limited
TENURE
7.1 yrs

Jim Martindale

TITLE
Managing Director of Severfield (Design & Build) Ltd
TENURE
6.3 yrs

Graeme Robert Campbell

TITLE
Group Financial Controller
AGE
44
Board of Directors Tenure

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

6.6
Average Tenure
58.5
Average Age
  • The tenure for the Severfield board of directors is about average.
Board of Directors

John Dodds

TITLE
Non-Executive Chairman
COMPENSATION
£125K
AGE
74
TENURE
8.6 yrs

Alan Dunsmore

TITLE
CEO & Director
COMPENSATION
£890K
AGE
49
TENURE
10.1 yrs

Adam Semple

TITLE
Group Finance Director & Director
COMPENSATION
£357K

Ian Robert Cochrane

TITLE
COO & Director
COMPENSATION
£776K
AGE
49
TENURE
7.3 yrs

Derek Randall

TITLE
Executive Director & MD of JSW Severfield Structures
COMPENSATION
£737K
AGE
57
TENURE
12.3 yrs

Alun Griffiths

TITLE
Non-Executive Director
COMPENSATION
£45K
AGE
64
TENURE
5.9 yrs

Tony Osbaldiston

TITLE
Non Executive Director
COMPENSATION
£45K
AGE
67
TENURE
5.8 yrs

Kevin Whiteman

TITLE
Senior Independent Director
COMPENSATION
£45K
AGE
60
TENURE
5.8 yrs

Louise Hardy

TITLE
Non-Executive Director
AGE
52
TENURE
0.6 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 (£)
06. Aug 19 Sell Derek Randall Individual 05. Aug 19 05. Aug 19 -29,121 £0.65 £-19,001
X
Management checks
We assess Severfield'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. Severfield 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.

SFRl News

Simply Wall St News

SFRl Company Info

Description

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and internationally. It manufactures metal decking products; composite metal flooring products; and steel and plated beams, steel sections, steelwork products, and intumescent coatings. The company also provides stair and steelwork products; specialist design and engineering services; and tubular construction and plate girders, as well as delivers constructional steel products. In addition, it offers design and build steelwork contracting services for distribution warehouses and low-rise structures. The company provides its services for various projects, such as industrial and distribution, health and education, commercial offices, power and energy, stadia and leisure, retail, transport, and data centers and others, as well as infrastructure, including bridges. It serves contractors, developers, engineers, and architects. The company was formerly known as Severfield–Rowen plc and changed its name to Severfield plc in May 2014. Severfield plc was founded in 1978 and is headquartered in Thirsk, the United Kingdom.

Details
Name: Severfield plc
SFRl
Exchange: BATS-CHIXE
Founded: 1978
£204,971,818
305,928,087
Website: http://www.severfield.com
Address: Severfield plc
Severs House,
Dalton Airfield Industrial Estate,
Thirsk,
North Yorkshire, YO7 3JN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SFR Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
BATS-CHIXE SFRl Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,300
Severfield employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:22
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2019/11/26
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.