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Restore

AIM:RST
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RST
AIM
£541M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Restore plc, together with its subsidiaries, operates as a support services company primarily in the United Kingdom. The last earnings update was 108 days ago. More info.


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RST Share Price and Events
7 Day Returns
0%
AIM:RST
0.8%
GB Commercial Services
-0.4%
GB Market
1 Year Returns
2.4%
AIM:RST
17.6%
GB Commercial Services
4.5%
GB Market
RST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Restore (RST) 0% 2.4% 1.2% 2.4% 23.4% 77.9%
GB Commercial Services 0.8% 1.4% 5.6% 17.6% 13.7% 10.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • RST underperformed the Commercial Services industry which returned 17.6% over the past year.
  • RST underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
RST
Industry
5yr Volatility vs Market

Value

 Is Restore 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 Restore 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 Restore.

AIM:RST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:RST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 19%) (45.82%))
0.937
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)
= 1.23% + (0.937 * 6.65%)
7.46%

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

The calculations below outline how an intrinsic value for Restore 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:RST DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.46%)
2020 64.30 Est @ 64.74% 59.84
2021 93.68 Est @ 45.69% 81.13
2022 123.98 Est @ 32.35% 99.93
2023 152.52 Est @ 23.01% 114.39
2024 177.64 Est @ 16.48% 124.00
2025 198.79 Est @ 11.9% 129.13
2026 216.08 Est @ 8.7% 130.62
2027 230.03 Est @ 6.46% 129.41
2028 241.28 Est @ 4.89% 126.31
2029 250.42 Est @ 3.79% 122.00
Present value of next 10 years cash flows £1,116.00
AIM:RST DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £250.42 × (1 + 1.23%) ÷ (7.46% – 1.23%)
£4,069.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £4,069.79 ÷ (1 + 7.46%)10
£1,982.79
AIM:RST Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,116.00 + £1,982.79
£3,098.79
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £3,098.79 / 124.36
£24.92
AIM:RST Discount to Share Price
Calculation Result
Value per share (GBP) From above. £24.92
Current discount Discount to share price of £4.35
= -1 x (£4.35 - £24.92) / £24.92
82.5%

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

Current Discount
Amount off the current price Restore is available for.
Intrinsic value
>50%
Share price is £4.35 vs Future cash flow value of £24.92
Current Discount Checks
For Restore to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Restore's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Restore'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 Restore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Restore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:RST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.17
AIM:RST Share Price ** AIM (2019-11-15) in GBP £4.35
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PE Ratio Median Figure of 24 Publicly-Listed Commercial Services Companies 18.65x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of Restore.

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

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

= 4.35 ÷ 0.17

25.57x

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

  • Restore is overvalued based on earnings compared to the GB Commercial Services industry average.
  • Restore is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Restore's expected growth come at a high price?
Raw Data
AIM:RST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
19.5%per year
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Commercial Services Companies 1.21x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

AIM:RST PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.57x ÷ 19.5%

1.31x

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

  • Restore is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Restore's assets?
Raw Data
AIM:RST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £1.70
AIM:RST Share Price * AIM (2019-11-15) in GBP £4.35
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PB Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.79x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:RST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.35 ÷ 1.70

2.56x

* Primary Listing of Restore.

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

  • Restore is overvalued based on assets compared to the GB Commercial Services industry average.
X
Value checks
We assess Restore'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Restore 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 Restore expected to perform in the next 1 to 3 years based on estimates from 3 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
19.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Restore expected to grow at an attractive rate?
  • Restore's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Restore's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Restore's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:RST Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:RST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 19.5%
AIM:RST Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.7%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:RST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:RST Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 228 41 1
2021-12-31 227 47 39 2
2020-12-31 220 45 37 3
2019-12-31 213 42 22 3
2019-11-16
AIM:RST Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 209 48 21
2019-03-31 202 37 20
2018-12-31 196 26 19
2018-06-30 178 18 15
2018-03-31 175 15 12
2017-12-31 172 11 8
2017-06-30 161 12 7
2017-03-31 145 14 9
2016-12-31 129 16 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Restore's earnings are expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).
  • Restore's revenue is expected to grow by 2.7% 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
AIM:RST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

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

AIM:RST Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.32 0.32 0.32 1.00
2020-12-31 0.30 0.30 0.30 1.00
2019-12-31 0.18 0.18 0.18 1.00
2019-11-16
AIM:RST Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.17
2019-03-31 0.16
2018-12-31 0.15
2018-06-30 0.13
2018-03-31 0.10
2017-12-31 0.07
2017-06-30 0.06
2017-03-31 0.08
2016-12-31 0.10

*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 Restore will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Restore'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.
Restore 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.

Past Performance

  How has Restore 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 Restore's growth in the last year to its industry (Commercial Services).
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.
  • Restore has delivered over 20% year on year earnings growth in the past 5 years.
  • Restore's 1-year earnings growth exceeds its 5-year average (39.7% vs 31.3%)
  • Restore's earnings growth has exceeded the GB Commercial Services industry average in the past year (39.7% vs 14.9%).
Earnings and Revenue History
Restore'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 Restore Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:RST Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 209.00 21.10 47.10
2019-03-31 202.25 19.80 45.40
2018-12-31 195.50 18.50 43.70
2018-06-30 177.80 15.10 37.70
2018-03-31 174.90 11.55 35.60
2017-12-31 172.00 8.00 33.50
2017-06-30 160.90 6.90 32.80
2017-03-31 145.15 8.75 28.20
2016-12-31 129.40 10.60 23.60
2016-06-30 103.40 7.10 17.10
2016-03-31 97.65 6.45 16.65
2015-12-31 91.90 5.80 16.20
2015-06-30 80.80 4.70 15.10
2015-03-31 74.15 4.80 13.15
2014-12-31 67.50 4.90 11.20
2014-09-30 63.55 5.20 9.50
2014-06-30 59.60 5.50 7.80
2014-03-31 56.60 4.90 8.05
2013-12-31 53.60 4.30 8.30
2013-06-30 49.70 3.20 9.50
2013-03-31 46.50 2.40 8.90
2012-12-31 43.30 1.60 8.30

*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.
  • Restore has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Restore used its assets more efficiently than the GB Commercial Services industry average last year based on Return on Assets.
  • Restore's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Restore'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 Commercial Services 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.
Restore has a total score of 4/6, 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 Restore'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 Restore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Restore is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Restore's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Restore's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Restore Company Filings, last reported 4 months ago.

AIM:RST Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 210.90 115.00 20.00
2019-03-31 210.90 115.00 20.00
2018-12-31 216.00 123.00 11.70
2018-06-30 208.90 131.10 15.70
2018-03-31 208.90 131.10 15.70
2017-12-31 155.90 88.90 10.70
2017-06-30 148.50 92.30 15.40
2017-03-31 148.50 92.30 15.40
2016-12-31 152.10 85.70 13.40
2016-06-30 113.50 49.70 20.40
2016-03-31 113.50 49.70 20.40
2015-12-31 104.70 69.10 8.50
2015-06-30 68.30 42.70 12.30
2015-03-31 68.30 42.70 12.30
2014-12-31 67.00 37.90 6.90
2014-09-30 67.00 37.90 6.90
2014-06-30 49.20 26.40 4.20
2014-03-31 49.20 26.40 4.20
2013-12-31 47.10 16.20 3.90
2013-06-30 44.10 18.10 3.50
2013-03-31 44.10 18.10 3.50
2012-12-31 36.30 16.90 2.70
  • Restore's level of debt (54.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.2% vs 54.5% today).
  • Debt is well covered by operating cash flow (41.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Financial health checks
We assess Restore'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. Restore has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Restore'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
1.38%
Current annual income from Restore dividends. Estimated to be 1.81% next year.
If you bought £2,000 of Restore shares you are expected to receive £28 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?
  • Restore's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • Restore's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.34%).
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:RST 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:RST Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.08 1.00
2021-12-31 0.09 2.00
2020-12-31 0.08 3.00
2019-12-31 0.07 3.00
2019-11-16
AIM:RST Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.060 1.483
2018-03-21 0.050 1.222
2018-03-13 0.050 0.996
2017-04-05 0.040 0.815
2016-03-24 0.032 0.941
2016-03-10 0.032 0.999
2015-03-25 0.024 0.886
2015-03-11 0.024 0.952
2014-03-20 0.019 0.890
2014-03-13 0.019 1.061
2013-03-20 0.022 1.567
2012-09-18 0.008 0.757
2012-04-11 0.010 1.141
2012-03-20 0.010 1.114

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

  • Restore has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Restore only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Restore's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Restore's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Restore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Restore has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Restore'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
Charles Bligh
AGE 51
TENURE AS CEO 0.6 years
CEO Bio

Mr. Charles Edward Bligh is Chief Executive Officer at Restore plc since April 1, 2019. Mr. Bligh had been the Chief Operating Officer at TalkTalk Telecom Group PLC since May 2017 until June 30, 2018. Mr. Bligh had been the Managing Director of Talktalk Business, Technology and Security at TalkTalk Telecom Group PLC since November 2011 until 2018. He was Executive Director at TalkTalk Telecom Group PLC from June 3, 2014 to June 30, 2018. Mr. Bligh served as Managing Director of Business & Technology at TalkTalk Telecom Group PLC since February 3, 2017 until May 2017. Mr. Bligh served as the Managing Director at TalkTalk Communications Ltd. Mr. Bligh’s career started in the IT Industry 22 years ago with IBM in Australia, beginning as an Engineer with the role of designing and building the first PC networks. He served as Vice President, Commercial Sector in UK and Ireland at IBM Corporation. From there, he has served a number of exciting, yet challenging roles across Asia Pacific, including Project Management, Sales and Senior Leadership - spending the last 3 years here with IBM in the UK before joining TalkTalk in November 2011. At IBM, he held a number of senior executive and board roles working in large product and service businesses. He worked internationally in Australia, the US, UK and emerging markets in Asia. He has been a Director of Restore plc since March 11, 2019. He serves as a Director of Bolt Pro Tem Limited. He is also a Trustee of the National Children’s Orchestras of Great Britain. He served as a Director of Talktalk Telecom Limited, Adventure Telecom Ltd, Talktalk Communications Limited, Talktalk Business (2Cch) Limited, Talktalk TV Entertainment Limited and Tipicall Limited. He graduated from the University of Melbourne in 1989.

CEO Compensation
  • Insufficient data for Charles to compare compensation growth.
  • Insufficient data for Charles to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Charles Bligh

TITLE
CEO & Director
AGE
51
TENURE
0.6 yrs

Neil Ritchie

TITLE
Executive Director
AGE
48
TENURE
0.3 yrs

Sarah Waudby

TITLE
Company Secretary
Board of Directors Tenure

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

0.9
Average Tenure
51
Average Age
  • The average tenure for the Restore board of directors is less than 3 years, this suggests a new board.
Board of Directors

Martin Towers

TITLE
Independent Chairman
COMPENSATION
£90K
AGE
66
TENURE
1.8 yrs

Charles Bligh

TITLE
CEO & Director
AGE
51
TENURE
0.7 yrs

Neil Ritchie

TITLE
Executive Director
AGE
48
TENURE
0.1 yrs

Sharon Baylay

TITLE
Senior Independent Director
COMPENSATION
£51K
AGE
51
TENURE
0.9 yrs

Susan Davy

TITLE
Non-Executive Director
AGE
49
TENURE
0.8 yrs

James Christie Wilde

TITLE
Independent Non-Executive Director
COMPENSATION
£45K
AGE
65
TENURE
5.4 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 (£)
19. Mar 19 Buy Sharon Baylay Individual 18. Mar 19 18. Mar 19 1,750 £2.89 £5,061
04. Feb 19 Buy Nigel Dews Individual 01. Feb 19 01. Feb 19 14,084 £2.84 £39,999
21. Jan 19 Buy Anthony Pearlgood Individual 18. Jan 19 18. Jan 19 16,660 £2.99 £49,813
15. Jan 19 Buy Charles Anthony Skinner Individual 14. Jan 19 14. Jan 19 54,500 £3.38 £183,745
X
Management checks
We assess Restore'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. Restore 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

Does Restore plc's (LON:RST) 40% Earnings Growth Reflect The Long-Term Trend?

Assessing Restore plc's (LON:RST) past track record of performance is a useful exercise for investors. … See our latest analysis for Restore How RST fared against its long-term earnings performance and its industry RST's trailing twelve-month earnings (from 30 June 2019) of UK£21m has jumped 40% compared to the previous year. … Restore's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Did You Miss Restore's (LON:RST) Impressive 147% Share Price Gain?

It's also good to see the share price up 26% over the last quarter. … During five years of share price growth, Restore achieved compound earnings per share (EPS) growth of 18% per year. … We note that for Restore the TSR over the last 5 years was 161%, which is better than the share price return mentioned above.

Simply Wall St -

Is Restore plc (LON:RST) Undervalued After Accounting For Its Future Growth?

Restore plc (LON:RST) is considered a high-growth stock, but its last closing price of £4 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … As the legendary value investor Ben Graham once said, “Price is what you pay, value is what you get.” Restore is trading at price-to-earnings (PE) ratio of 26.03x, which tells us the stock is overvalued based on current earnings compared to the Commercial Services industry average of 18.75x , and overvalued compared to the GB market average ratio of 16.31x. … This means that, when we account for Restore's growth, the stock can be viewed as slightly overvalued , based on the fundamentals.

Simply Wall St -

Restore plc (LON:RST) Insiders Increased Their Holdings

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Restore Restore Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Charles Anthony Skinner bought UK£184k worth of shares at a price of UK£3.38 per share. … AIM:RST Recent Insider Trading, July 2nd 2019 Insider Ownership of Restore For a common shareholder, it is worth checking how many shares are held by company insiders. … The transactions are fine but it'd be more encouraging if Restore insiders bought more shares in the company.

Simply Wall St -

Despite Its High P/E Ratio, Is Restore plc (LON:RST) Still Undervalued?

Restore has a price to earnings ratio of 26.68, based on the last twelve months. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Restore: P/E of 26.68 = £4.1 ÷ £0.15 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … AIM:RST Price Estimation Relative to Market, June 17th 2019 Its relatively high P/E ratio indicates that Restore shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Is Restore plc's (LON:RST) 8.6% ROE Better Than Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Restore: 8.6% = UK£19m ÷ UK£216m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … But It's Just One Metric Return on equity is one way we can compare the business quality of different companies. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

What Should You Know About Restore plc's (LON:RST) Future?

In this article, I've outline a few earnings growth rates to give you a sense of the market sentiment for Restore in the longer term. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … AIM:RST Past and Future Earnings, May 23rd 2019 From the current net income level of UK£19m and the final forecast of UK£39m by 2022, the annual rate of growth for RST’s earnings is 20%.

Simply Wall St -

An Intrinsic Calculation For Restore plc (LON:RST) Suggests It's 30% Undervalued

We assume companies with shrinking free cash flow are will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (£, Millions) £28.00 £35.35 £37.00 £38.32 £39.42 £40.35 £41.17 £41.90 £42.58 £43.22 Growth Rate Estimate Source Analyst x1 Analyst x2 Analyst x1 Est @ 3.56% Est @ 2.86% Est @ 2.37% Est @ 2.03% Est @ 1.79% Est @ 1.62% Est @ 1.5% Present Value (£, Millions) Discounted @ 7.39% £26.07 £30.65 £29.88 £28.81 £27.60 £26.31 £25.00 £23.69 £22.42 £21.19 Present Value of 10-year Cash Flow (PVCF)= £261.64m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … AIM:RST Intrinsic value, May 13th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

The Restore (LON:RST) Share Price Is Up 95% And Shareholders Are Holding On

For example, long term Restore plc (LON:RST) shareholders have enjoyed a 95% share price rise over the last half decade, well in excess of the market return of around 3.9% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During five years of share price growth, Restore achieved compound earnings per share (EPS) growth of 21% per year.

Simply Wall St -

Should You Be Adding Restore (LON:RST) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. … If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats).

Simply Wall St -

Company Info

Description

Restore plc, together with its subsidiaries, operates as a support services company primarily in the United Kingdom. The company operates through two segments, Document Management and Relocation. The Document Management segment stores and retrieves hard copy documents stored in cardboard boxes; manages archive boxes of document files, magnetic data, films, and other materials for blue-chip organizations; and offers reorganization of customer documents, document restoration, file-tracking, and electronic data back-up services, as well as cloud storage that allows access to indexed records. This segment also provides shredding and recycling services; converts hard-copy documents into electronic data; and organizes and indexes the electronic versions of documents for location. The Relocation segment provides commercial relocation services for customers that range from large corporates and local businesses to public sector bodies, such as health trusts, libraries, and universities; international moving services for senior managers; and IT relocations service to blue-chip organizations, which includes server and data center relocation, desktop IT and trading desk relocation, and furniture and IT asset audit and management. Restore plc was incorporated in 2004 and is headquartered in London, the United Kingdom.

Details
Name: Restore plc
RST
Exchange: AIM
Founded: 2004
£540,985,144
124,364,401
Website: http://www.restoreplc.com
Address: Restore plc
15/19 Cavendish Place,
London,
Greater London, W1G 0QE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM RST Ordinary Shares London Stock Exchange AIM Market GB GBP 01. Jul 2005
Number of employees
Current staff
Staff numbers
2,209
Restore employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 21:55
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.