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Tatton Asset Management

AIM:TAM
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TAM
AIM
£129M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Tatton Asset Management plc provides fund management, regulatory, and compliance and business consulting services to financial advisors in the United Kingdom. The last earnings update was 1 day ago. More info.


Add to Portfolio Compare Print
TAM Share Price and Events
7 Day Returns
10.5%
AIM:TAM
-0.3%
GB Capital Markets
-0.5%
GB Market
1 Year Returns
-6.9%
AIM:TAM
18.8%
GB Capital Markets
3.7%
GB Market
TAM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tatton Asset Management (TAM) 10.5% 25.2% 10.5% -6.9% - -
GB Capital Markets -0.3% -1.2% 3.2% 18.8% 63.8% 107.4%
GB Market -0.5% 1.4% 3.1% 3.7% 7.8% 3.8%
1 Year Return vs Industry and Market
  • TAM underperformed the Capital Markets industry which returned 18.8% over the past year.
  • TAM underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.7% over the past year.
Price Volatility
TAM
Industry
5yr Volatility vs Market

Value

 Is Tatton Asset Management 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 Tatton Asset Management 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 Tatton Asset Management.

AIM:TAM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £0.35 * 25.8%
£0.09
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. £0.35
Discount Rate (Cost of Equity) See below 6.8%
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:TAM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.835 * 6.65%)
6.78%

Discounted Cash Flow Calculation for AIM:TAM using Excess Returns Model Model

The calculations below outline how an intrinsic value for Tatton Asset Management is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AIM:TAM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (25.8% – 6.78%) * £0.35)
£0.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.07 / (6.78% - 1.23%)
£1.20
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.35 + £1.20
£1.56
AIM:TAM Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.56
Current discount Discount to share price of £2.31
= -1 x (£2.31 - £1.56) / £1.56
-48.5%

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

  • The current share price of Tatton Asset Management is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tatton Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tatton Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:TAM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.10
AIM:TAM Share Price ** AIM (2019-11-12) in GBP £2.31
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.19x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.92x

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

** Primary Listing of Tatton Asset Management.

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

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

= 2.31 ÷ 0.10

23.94x

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

  • Tatton Asset Management is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Tatton Asset Management is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Tatton Asset Management's expected growth come at a high price?
Raw Data
AIM:TAM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
25.7%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.1x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.94x ÷ 25.7%

0.93x

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

  • Tatton Asset Management is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tatton Asset Management's assets?
Raw Data
AIM:TAM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £0.27
AIM:TAM Share Price * AIM (2019-11-12) in GBP £2.31
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
AIM:TAM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.31 ÷ 0.27

8.42x

* Primary Listing of Tatton Asset Management.

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

  • Tatton Asset Management is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Tatton Asset Management'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Tatton Asset Management has a total score of 1/6, 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 Tatton Asset Management expected to perform in the next 1 to 3 years based on estimates from 4 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
25.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tatton Asset Management expected to grow at an attractive rate?
  • Tatton Asset Management's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Tatton Asset Management's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Tatton Asset Management's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:TAM Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:TAM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 25.7%
AIM:TAM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 12.7%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
AIM:TAM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:TAM Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 26 13 10 2
2021-03-31 23 11 8 4
2020-03-31 20 9 6 4
2019-11-12
AIM:TAM Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 19 5 5
2019-06-30 18 6 5
2019-03-31 18 6 5
2018-12-31 17 5 5
2018-09-30 17 5 5
2018-06-30 16 4 4
2018-03-31 16 2 2
2017-12-31 15 3 1
2017-09-30 14 3 0
2017-06-30 13 3 0
2017-03-31 12 4 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tatton Asset Management's earnings are expected to grow significantly at over 20% yearly.
  • Tatton Asset Management's revenue is expected to grow by 12.7% 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:TAM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Tatton Asset Management Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TAM Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.18 0.18 0.18 1.00
2021-03-31 0.11 0.15 0.08 2.00
2020-03-31 0.09 0.11 0.06 2.00
2019-11-12
AIM:TAM Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.10
2019-06-30 0.09
2019-03-31 0.09
2018-12-31 0.09
2018-09-30 0.08
2018-06-30 0.06
2018-03-31 0.04
2017-12-31 0.02
2017-09-30 0.00
2017-06-30 0.01
2017-03-31 0.02

*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.
  • Tatton Asset Management is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Tatton Asset Management'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.
Tatton Asset Management has a total score of 5/6, 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 Tatton Asset Management 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 Tatton Asset Management's growth in the last year to its industry (Capital Markets).
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.
  • Tatton Asset Management has delivered over 20% year on year earnings growth in the past 5 years.
  • Tatton Asset Management's 1-year earnings growth is less than its 5-year average (14.5% vs 32.7%)
  • Tatton Asset Management's earnings growth has exceeded the GB Capital Markets industry average in the past year (14.5% vs 4.7%).
Earnings and Revenue History
Tatton Asset Management'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 Tatton Asset Management Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TAM 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 18.80 5.40 11.68
2019-06-30 18.16 5.13 11.21
2019-03-31 17.52 4.86 11.08
2018-12-31 17.09 4.79 10.71
2018-09-30 16.65 4.71 10.33
2018-06-30 16.08 3.58 10.15
2018-03-31 15.51 2.44 9.97
2017-12-31 14.54 1.11 9.43
2017-09-30 13.58 -0.21 8.89
2017-06-30 12.72 0.47 8.16
2017-03-31 11.86 1.15 7.43
2016-03-31 9.16 2.42 5.89
2015-03-31 8.45 2.24 5.64

*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.
  • Tatton Asset Management has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Tatton Asset Management used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Tatton Asset Management's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tatton Asset Management'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 Capital Markets 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.
Tatton Asset Management 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 Tatton Asset Management'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 Tatton Asset Management's finances.

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

AIM:TAM Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 15.35 0.00 9.17
2019-06-30 15.35 0.00 9.17
2019-03-31 15.29 0.00 12.19
2018-12-31 15.29 0.00 12.19
2018-09-30 13.87 0.00 11.62
2018-06-30 13.87 0.00 11.62
2018-03-31 13.56 0.00 10.63
2017-12-31 13.56 0.00 10.63
2017-09-30 12.51 0.00 10.52
2017-06-30 12.51 0.00 10.52
2017-03-31 3.07 0.70 0.69
2016-03-31 5.51 1.31 0.38
2015-03-31 4.75 1.73 0.22
  • Tatton Asset Management has no debt.
  • Tatton Asset Management currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Tatton Asset Management has no debt, it does not need to be covered by operating cash flow.
  • Tatton Asset Management has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tatton Asset Management'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. Tatton Asset Management 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 Tatton Asset Management'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
3.64%
Current annual income from Tatton Asset Management dividends. Estimated to be 4.81% next year.
If you bought £2,000 of Tatton Asset Management shares you are expected to receive £73 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?
  • Tatton Asset Management's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Tatton Asset Management's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.33%).
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:TAM 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 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
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 1.9%
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:TAM Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.13 2.00
2021-03-31 0.12 4.00
2020-03-31 0.10 4.00
2019-11-12
AIM:TAM Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-11 0.084 4.287
2019-06-03 0.084 4.025
2018-07-31 0.088 3.885
2018-06-27 0.066 2.817
2018-05-30 0.066 2.959
2017-12-05 0.044 2.044

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

  • Whilst dividend payments have been stable, Tatton Asset Management has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Tatton Asset Management only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Tatton Asset Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Tatton Asset Management'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 Tatton Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tatton Asset Management 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 Tatton Asset Management'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
Paul Hogarth
COMPENSATION £343,560
AGE 60
CEO Bio

Mr. Paul Henry Hogarth serves as Chief Executive Officer and Director of Tatton Asset Mgmt Plc. Mr. Hogarth founded Bankhall PMS Limited in 1993. Mr. Hogarth is Founder and Senior Partner at Paradigm Management Partners Inc and Paradigm Partners LLP. He serves as the Chairman of Perspective Financial Group Limited and served as its Chief Executive Officer. Mr. Hogarth founded Bankhall Investment Associates Limited in 1993. Mr. Hogarth served as a Non-Executive Director at Cavanagh Group PLC from November 21, 2006 to May 16, 2011. He studied BA in Economics at Heriot Watt University in Edinburgh.

CEO Compensation
  • Paul's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Paul's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Paul Hogarth

TITLE
CEO & Director
COMPENSATION
£344K
AGE
60

Paul Edwards

TITLE
CFO & Director
COMPENSATION
£247K
TENURE
1.5 yrs

Lothar Mentel

TITLE
Chief Investment Officer & Director
COMPENSATION
£311K

Chris Poil

TITLE
Senior Independent Non-Executive Director and Head of Audit & Risk
COMPENSATION
£70K
AGE
54

Roddi Vaughan-Thomas

TITLE
Head of Communications

Robert Hunt

TITLE
Chief Executive Officer of Paradigm Mortgages Services LLP
Board of Directors

Roger Cornick

TITLE
Non-Executive Chairman
COMPENSATION
£90K

Paul Hogarth

TITLE
CEO & Director
COMPENSATION
£344K
AGE
60

Paul Edwards

TITLE
CFO & Director
COMPENSATION
£247K
TENURE
1.5 yrs

Lothar Mentel

TITLE
Chief Investment Officer & Director
COMPENSATION
£311K

Chris Poil

TITLE
Senior Independent Non-Executive Director and Head of Audit & Risk
COMPENSATION
£70K
AGE
54
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 (£)
13. Jun 19 Buy Paul Hogarth Individual 12. Jun 19 12. Jun 19 1,209,111 £2.14 £2,581,452
13. Jun 19 Buy Lothar Mentel Individual 12. Jun 19 12. Jun 19 100,000 £2.14 £213,500
07. Mar 19 Buy Paul Edwards Individual 07. Mar 19 07. Mar 19 24,500 £2.02 £49,490
X
Management checks
We assess Tatton Asset Management'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. Tatton Asset Management 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

Tatton Asset Management plc (LON:TAM) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in Tatton Asset Management plc (LON:TAM). … View our latest analysis for Tatton Asset Management The Last 12 Months Of Insider Transactions At Tatton Asset Management CEO & Director Paul Hogarth made the biggest insider purchase in the last 12 months. … AIM:TAM Recent Insider Trading, September 3rd 2019 Insiders at Tatton Asset Management Have Bought Stock Recently Over the last three months, we've seen significant insider buying at Tatton Asset Management.

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What Should You Know About Tatton Asset Management plc's (LON:TAM) Growth?

In June 2019, Tatton Asset Management plc (LON:TAM) announced its latest earnings update, which signalled that the business experienced a sizeable tailwind, leading to a high double-digit earnings growth of 99%. … Below is my commentary, albeit very simple and high-level, on how market analysts perceive Tatton Asset Management's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Tatton Asset Management Market analysts' prospects for the upcoming year seems buoyant, with earnings expanding by a robust 32%.

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Should You Be Concerned About Tatton Asset Management plc's (LON:TAM) Historical Volatility?

If you own shares in Tatton Asset Management plc (LON:TAM) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … The fact that this is well above 1 indicates that its share price movements have shown sensitivity to overall market volatility. … What this means for you: Beta only tells us that the Tatton Asset Management share price is sensitive to broader market movements.

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Why Tatton Asset Management plc's (LON:TAM) High P/E Ratio Isn't Necessarily A Bad Thing

Tatton Asset Management has a price to earnings ratio of 26.36, based on the last twelve months. … Check out our latest analysis for Tatton Asset Management How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Tatton Asset Management: P/E of 26.36 = £2.29 ÷ £0.087 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good?

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Something To Consider Before Buying Tatton Asset Management plc (LON:TAM) For The 3.7% Dividend

Tatton Asset Management pays a 3.7% dividend yield, and has been paying dividends for the past two years. … Conclusion To summarise, shareholders should always check that Tatton Asset Management's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Earnings per share are down, and to our mind Tatton Asset Management has not been paying a dividend long enough to demonstrate its resilience across economic cycles.

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Is Tatton Asset Management plc (LON:TAM) Potentially Underrated?

Flawless balance sheet with solid track record One reason why investors are attracted to TAM is its earnings growth potential in the near future of 26% which is expected to flow into an impressive return on equity of 44% over the next couple of years. … The strong earnings growth is reflected in impressive double-digit 32% return to shareholders, which is an notable feat for the company. … AIM:TAM Historical Debt, June 5th 2019 Next Steps: For Tatton Asset Management, I've compiled three key aspects you should further research: Valuation: What is TAM worth today?

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Is Tatton Asset Management plc's (LON:TAM) Growth Strong Enough To Justify Its May Share Price?

Tatton Asset Management plc (LON:TAM) closed yesterday at £2.22, which left some investors asking whether the high earnings potential can still be justified at this price. … View our latest analysis for Tatton Asset Management. … One reason why investors are attracted to TAM is the high growth potential in the near future

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Why I Like Tatton Asset Management plc (LON:TAM)

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as

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Should Tatton Asset Management plc (LON:TAM) Be Part Of Your Dividend Portfolio?

Tatton Asset Management plc (LON:TAM) has started paying a dividend to shareholders. … Let's dig deeper into whether Tatton Asset Management should have a place in your portfolio. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

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Tatton Asset Management plc (LON:TAM): Ex-Dividend Is In 3 Days

If you are interested in cashing in on Tatton Asset Management plc's (LON:TAM) upcoming dividend of US$0.028 per share, you only have 3 days left to buy the shares before its ex-dividend date, 22 November 2018, in time for dividends payable on the 14 December 2018. … Should you diversify into Tatton Asset Management and boost your portfolio income stream? … View our latest analysis for Tatton Asset Management?

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Company Info

Description

Tatton Asset Management plc provides fund management, regulatory, and compliance and business consulting services to financial advisors in the United Kingdom. The company operates through three divisions: Tatton Investment Management, Paradigm Consulting, and Paradigm Mortgage Services. It also offers mortgage and insurance product distribution services. The company was incorporated in 2007 and is based in Wilmslow, the United Kingdom.

Details
Name: Tatton Asset Management plc
TAM
Exchange: AIM
Founded: 2007
£129,146,355
55,907,513
Website: http://www.tattonassetmanagement.com
Address: Tatton Asset Management plc
Paradigm House,
Lower Meadow Road,
Wilmslow,
Cheshire, SK9 3ND,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM TAM Ordinary Shares London Stock Exchange AIM Market GB GBP 06. Jul 2017
BST 2T7 Ordinary Shares Boerse-Stuttgart DE EUR 06. Jul 2017
Number of employees
Current staff
Staff numbers
77
Tatton Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 21:50
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/11/11
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.