Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

TCM Group

BATS-CHIXE:TCMC
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCMC
BATS-CHIXE
DKK928M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and internationally. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • TCM Group has significant price volatility in the past 3 months.
TCMC Share Price and Events
7 Day Returns
4.7%
BATS-CHIXE:TCMC
8.2%
GB Consumer Durables
1.7%
GB Market
1 Year Returns
-16.2%
BATS-CHIXE:TCMC
-21%
GB Consumer Durables
-21.8%
GB Market
TCMC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TCM Group (TCMC) 4.7% -25.5% -27.3% -16.2% - -
GB Consumer Durables 8.2% -31.3% -34.8% -21% -18.4% -2%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • TCMC outperformed the Consumer Durables industry which returned -21% over the past year.
  • TCMC outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
TCMC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is TCM Group 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 TCM Group 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 TCM Group.

BATS-CHIXE:TCMC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 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:TCMC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 22%) (20.86%))
1.045
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.045 * 5.44%)
6.22%

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

The calculations below outline how an intrinsic value for TCM Group 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:TCMC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (DKK, Millions) Source Present Value
Discounted (@ 6.22%)
2020 144.50 Analyst x2 136.04
2021 151.50 Analyst x2 134.28
2022 156.36 Est @ 3.21% 130.48
2023 160.12 Est @ 2.4% 125.79
2024 163.07 Est @ 1.84% 120.61
2025 165.43 Est @ 1.45% 115.20
2026 167.37 Est @ 1.17% 109.73
2027 169.01 Est @ 0.98% 104.32
2028 170.43 Est @ 0.84% 99.04
2029 171.71 Est @ 0.75% 93.94
Present value of next 10 years cash flows DKK1,169.00
BATS-CHIXE:TCMC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= DKK171.71 × (1 + 0.53%) ÷ (6.22% – 0.53%)
DKK3,035.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= DKK3,035.47 ÷ (1 + 6.22%)10
DKK1,660.69
BATS-CHIXE:TCMC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= DKK1,169.00 + DKK1,660.69
DKK2,829.69
Equity Value per Share
(DKK)
= Total value / Shares Outstanding
= DKK2,829.69 / 10.00
DKK282.97
BATS-CHIXE:TCMC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:TCMC represents 1.00215x of CPSE:TCM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00215x
Value per Share
(Listing Adjusted, DKK)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 282.97 x 1.00215
DKK283.58
Value per share (DKK) From above. DKK283.58
Current discount Discount to share price of DKK93.00
= -1 x (DKK93.00 - DKK283.58) / DKK283.58
67.2%

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

Current Discount
Amount off the current price TCM Group is available for.
Intrinsic value
>50%
Share price is DKK93 vs Future cash flow value of DKK283.58
Current Discount Checks
For TCM Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TCM Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TCM Group'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 TCM Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TCM Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:TCMC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in DKK DKK11.13
CPSE:TCM Share Price ** CPSE (2020-04-07) in DKK DKK92.8
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.84x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of TCM Group.

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

= CPSE:TCM Share Price ÷ EPS (both in DKK)

= 92.8 ÷ 11.13

8.34x

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

  • TCM Group is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • TCM Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does TCM Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:TCMC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
11.8%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.34x ÷ 11.8%

0.71x

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

  • TCM Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on TCM Group's assets?
Raw Data
BATS-CHIXE:TCMC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in DKK DKK47.27
CPSE:TCM Share Price * CPSE (2020-04-07) in DKK DKK92.8
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:TCMC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:TCM Share Price ÷ Book Value per Share (both in DKK)

= 92.8 ÷ 47.27

1.96x

* Primary Listing of TCM Group.

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

  • TCM Group is overvalued based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess TCM Group'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. TCM Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is TCM Group expected to perform in the next 1 to 3 years based on estimates from 2 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
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TCM Group expected to grow at an attractive rate?
  • TCM Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • TCM Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • TCM Group'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:TCMC Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:TCMC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 11.8%
BATS-CHIXE:TCMC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
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:TCMC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:TCMC Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,158 166 141 2
2020-12-31 1,092 159 129 2
2020-04-08
BATS-CHIXE:TCMC Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-12-31 1,007 146 111
2019-09-30 997 155 115
2019-06-30 962 149 112
2019-03-31 936 130 109
2018-12-31 900 134 104
2018-09-30 863 110 82
2018-06-30 846 103 63
2018-03-31 825 99 51
2017-12-31 817 107 48
2017-09-30 726 115 51

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TCM Group's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • TCM Group's revenue is expected to grow by 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
BATS-CHIXE:TCMC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:TCMC Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 14.63 15.30 13.95 2.00
2020-12-31 13.03 13.05 13.00 2.00
2020-04-08
BATS-CHIXE:TCMC Past Financials Data
Date (Data in DKK Millions) EPS *
2019-12-31 11.13
2019-09-30 11.50
2019-06-30 11.20
2019-03-31 10.91
2018-12-31 10.37
2018-09-30 8.25
2018-06-30 6.28
2018-03-31 5.14
2017-12-31 4.80
2017-09-30 5.12

*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.
  • TCM Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess TCM Group'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.
TCM Group has a total score of 3/6, see the detailed checks below.

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

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

Past Performance

  How has TCM Group 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 TCM Group's growth in the last year to its industry (Consumer Durables).
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.
  • TCM Group has delivered over 20% year on year earnings growth in the past 5 years.
  • TCM Group's 1-year earnings growth is less than its 5-year average (7.3% vs 27.8%)
  • TCM Group's earnings growth has exceeded the GB Consumer Durables industry average in the past year (7.3% vs -9%).
Earnings and Revenue History
TCM Group'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 TCM Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:TCMC Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,006.94 111.32 126.17
2019-09-30 997.11 115.01 127.43
2019-06-30 962.01 112.01 126.93
2019-03-31 936.01 109.11 125.73
2018-12-31 899.91 103.71 122.83
2018-09-30 863.13 82.49 119.18
2018-06-30 845.53 62.79 116.18
2018-03-31 824.53 51.39 113.38
2017-12-31 817.33 47.99 115.98
2017-09-30 725.51 51.23 104.80
2016-12-31 469.41 26.33 75.80
2015-12-31 536.49 48.22 85.75
2014-12-31 436.85 24.09 86.05
2013-12-31 399.01 17.14 88.81

*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.
  • TCM Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • TCM Group used its assets more efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • TCM Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TCM Group'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 Consumer Durables 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.
TCM Group has a total score of 5/6, 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 TCM Group'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 TCM Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TCM Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TCM Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TCM Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x 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 TCM Group Company Filings, last reported 3 months ago.

BATS-CHIXE:TCMC Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 472.74 152.64 139.36
2019-09-30 442.90 176.30 120.70
2019-06-30 416.90 176.80 84.00
2019-03-31 432.30 188.90 100.10
2018-12-31 408.84 189.66 100.86
2018-09-30 375.30 202.40 59.70
2018-06-30 352.20 203.10 26.60
2018-03-31 322.80 260.60 57.50
2017-12-31 304.78 274.16 49.17
2017-09-30 378.30 221.90 58.10
2016-12-31 339.87 263.92 96.61
2015-12-31 183.66 62.66 117.46
2014-12-31 135.44 98.63 68.24
2013-12-31 111.35 84.39 3.84
  • TCM Group's level of debt (32.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.7% vs 32.3% today).
  • Debt is well covered by operating cash flow (96%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 36.6x coverage).
X
Financial health checks
We assess TCM Group'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. TCM Group 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.

Dividends

 What is TCM Group'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
5.66%
Current annual income from TCM Group dividends. Estimated to be 7.54% next year.
If you bought DKK2,000 of TCM Group shares you are expected to receive DKK113 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?
  • TCM Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • TCM Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
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:TCMC 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 7.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
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 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:TCMC Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 7.42 2.00
2020-12-31 6.58 2.00
2020-04-08
BATS-CHIXE:TCMC Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2020-02-26 5.250 5.494
2019-02-27 4.750 4.074

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

  • It is too early to tell whether TCM Group has stable dividend payments.
  • TCM Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of TCM Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess TCM Group'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 TCM Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TCM Group has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of TCM Group'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
Torben Paulin
AGE 54
TENURE AS CEO 0.1 years
CEO Bio

Mr. Torben Paulin serves as the Chief Executive Officer at TCM Group A/S until March 1, 2020. He had been the Chief Executive Officer and Member of the Executive Board of BoConcept Holding A/S since August 29, 2012. Mr. Paulin served as Retail & Sales Director of Club 8 Company A/S of BoConcept Holding A/S until August 29, 2012. Mr. Paulin served as Sales Manager of BoConcept Holding A/S. He served as Chief Executive Officer of Nordisk Dæk Import.

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

Torben Paulin

TITLE
Chief Executive Officer
AGE
54
TENURE
0.1 yrs

Mogens Pedersen

TITLE
Chief Financial Officer
AGE
44
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the TCM Group board of directors in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the TCM Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sanna Suvanto-Harsaae

TITLE
Independent Chairman of the Board
AGE
53

Anders Skole-Sørensen

TITLE
Independent Deputy Chairman
AGE
57
TENURE
1.8 yrs

Carsten Bjerg

TITLE
Independent Director
AGE
60
TENURE
2 yrs

Søren Eskildsen

TITLE
Independent Director
AGE
47
TENURE
2 yrs

Danny Espersen

TITLE
Independent Director
AGE
51
TENURE
1 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 (DKK) Value (DKK)
X
Management checks
We assess TCM Group'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. TCM Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and internationally. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. The company sells its products under the Svane Køkkenet and Tvis Køkkener brands through stores; and Nettoline and kitchn.dk brands through online. It also sells private label products through Do-It-Yourself and kitchen specialty stores. TCM Group A/S was founded in 2015 and is based in Holstebro, Denmark.

Details
Name: TCM Group A/S
TCMC
Exchange: BATS-CHIXE
Founded: 2015
DKK928,000,000
10,000,000
Website: http://www.tcmgroup.dk
Address: TCM Group A/S
Skautrupvej 16,
Tvis,
Holstebro,
Central Denmark Region, 7500,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE TCM Share Capital OMX Nordic Exchange Copenhagen DK DKK 24. Nov 2017
LSE 0CUN Share Capital London Stock Exchange GB DKK 24. Nov 2017
BATS-CHIXE TCMC Share Capital BATS 'Chi-X Europe' GB DKK 24. Nov 2017
Number of employees
Current staff
Staff numbers
493
TCM Group employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:54
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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

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