Loading...

We've got a brand new version of Simply Wall St! Try it out

Tekmar Group

AIM:TGP
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGP
AIM
£79M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Tekmar Group plc designs, develops, manufactures, installs, and sells subsea protection equipment to offshore energy markets. The last earnings update was 172 days ago. More info.


Add to Portfolio Compare Print
TGP Share Price and Events
7 Day Returns
1.7%
AIM:TGP
-0.8%
GB Energy Services
-0.4%
GB Market
1 Year Returns
19.6%
AIM:TGP
-32.8%
GB Energy Services
4.4%
GB Market
TGP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tekmar Group (TGP) 1.7% 3.4% 22% 19.6% - -
GB Energy Services -0.8% 3.1% -9.3% -32.8% -47.4% -55.8%
GB Market -0.4% 1.8% 3.8% 4.4% 6.9% 2.9%
1 Year Return vs Industry and Market
  • TGP outperformed the Energy Services industry which returned -32.8% over the past year.
  • TGP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

TGP Value

 Is Tekmar 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 Tekmar 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 Tekmar Group.

AIM:TGP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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:TGP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 19%) (1.1%))
1.05
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)
= 1.23% + (1.05 * 6.65%)
8.21%

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

The calculations below outline how an intrinsic value for Tekmar 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.

AIM:TGP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.21%)
2020 4.00 Analyst x1 3.70
2021 4.00 Analyst x1 3.42
2022 7.00 Analyst x1 5.52
2023 9.49 Est @ 35.52% 6.92
2024 11.88 Est @ 25.23% 8.01
2025 14.02 Est @ 18.03% 8.73
2026 15.84 Est @ 12.99% 9.12
2027 17.34 Est @ 9.46% 9.22
2028 18.55 Est @ 6.99% 9.12
2029 19.53 Est @ 5.26% 8.87
Present value of next 10 years cash flows £72.00
AIM:TGP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £19.53 × (1 + 1.23%) ÷ (8.21% – 1.23%)
£283.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £283.03 ÷ (1 + 8.21%)10
£128.56
AIM:TGP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £72.00 + £128.56
£200.56
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £200.56 / 50.69
£3.96
AIM:TGP Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.96
Current discount Discount to share price of £1.53
= -1 x (£1.53 - £3.96) / £3.96
61.5%

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

Current Discount
Amount off the current price Tekmar Group is available for.
Intrinsic value
>50%
Share price is £1.53 vs Future cash flow value of £3.96
Current Discount Checks
For Tekmar Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tekmar Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tekmar 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 Tekmar Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tekmar Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:TGP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.05
AIM:TGP Share Price ** AIM (2019-11-18) in GBP £1.53
United Kingdom of Great Britain and Northern Ireland Energy Services Industry PE Ratio Median Figure of 8 Publicly-Listed Energy Services Companies 11.29x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 17.09x

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

** Primary Listing of Tekmar Group.

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

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

= 1.53 ÷ 0.05

32.09x

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

  • Tekmar Group is overvalued based on earnings compared to the GB Energy Services industry average.
  • Tekmar Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Tekmar Group's expected growth come at a high price?
Raw Data
AIM:TGP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
19.4%per year
United Kingdom of Great Britain and Northern Ireland Energy Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Energy Services Companies 1.63x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 561 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.09x ÷ 19.4%

1.66x

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

  • Tekmar Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tekmar Group's assets?
Raw Data
AIM:TGP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.84
AIM:TGP Share Price * AIM (2019-11-18) in GBP £1.53
United Kingdom of Great Britain and Northern Ireland Energy Services Industry PB Ratio Median Figure of 15 Publicly-Listed Energy Services Companies 0.79x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:TGP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.53 ÷ 0.84

1.81x

* Primary Listing of Tekmar Group.

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

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

TGP Future Performance

 How is Tekmar Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
19.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tekmar Group expected to grow at an attractive rate?
  • Tekmar Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Tekmar Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Tekmar 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
AIM:TGP Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:TGP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 19.4%
AIM:TGP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 17.1%
United Kingdom of Great Britain and Northern Ireland Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 20.7%
United Kingdom of Great Britain and Northern Ireland Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.5%
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:TGP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:TGP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 61 7 1
2022-03-31 56 9 6 1
2021-03-31 51 7 6 1
2020-03-31 41 6 5 1
2019-11-18
AIM:TGP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 28 -3 2
2018-12-31 23 0 0
2018-09-30 18 3 -4
2018-06-30 20 5 -2
2018-03-31 22 6 0
2017-03-31 19 6 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tekmar Group's earnings are expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).
  • Tekmar Group's revenue is expected to grow by 17.1% 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:TGP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Tekmar Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TGP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 0.13 0.13 0.13 1.00
2021-03-31 0.11 0.11 0.11 1.00
2020-03-31 0.09 0.09 0.09 1.00
2019-11-18
AIM:TGP Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.05
2018-12-31 0.00
2018-09-30 -0.03
2018-06-30 -0.02
2018-03-31 0.00
2017-03-31 -0.01

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

TGP Past Performance

  How has Tekmar 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 Tekmar Group's growth in the last year to its industry (Energy 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.
  • Tekmar Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Tekmar Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Tekmar Group has become profitable in the last year making it difficult to compare the Europe Energy Services industry average.
Earnings and Revenue History
Tekmar 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 Tekmar Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TGP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 28.08 2.39 6.49 0.30
2018-12-31 22.83 -0.03 5.76 0.39
2018-09-30 17.57 -3.63 5.06
2018-06-30 19.73 -2.43 4.89
2018-03-31 21.89 -0.06 4.69 0.49
2017-03-31 19.39 -2.63 4.57
2016-03-31 17.23 -2.88 4.50
2015-03-31 10.44 -6.04 4.20
2014-03-31 11.32 -3.14 4.38
2013-03-31 16.69 -0.35 3.82

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

TGP Health

 How is Tekmar 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 Tekmar Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tekmar Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tekmar Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tekmar 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.
  • Tekmar Group 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 Tekmar Group Company Filings, last reported 7 months ago.

AIM:TGP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 42.82 0.00 4.19
2018-12-31 42.82 0.00 4.19
2018-09-30 37.93 0.00 7.61
2018-06-30 37.93 0.00 7.61
2018-03-31 -9.82 32.52 2.62
2017-03-31 -12.06 32.77 1.54
2016-03-31 -9.39 33.17 0.77
2015-03-31 -8.47 22.05 0.41
2014-03-31 -2.43 17.97 4.20
2013-03-31 0.66 16.26 0.51
  • Tekmar Group has no debt.
  • Tekmar Group currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Tekmar Group has no debt, it does not need to be covered by operating cash flow.
  • Tekmar Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tekmar 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. Tekmar 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.

TGP Dividends

 What is Tekmar 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
0%
Current annual income from Tekmar Group dividends. Estimated to be 0% next year.
If you bought £2,000 of Tekmar Group shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tekmar Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tekmar Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:TGP 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 6.2%
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 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:TGP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 0.00 1.00
2022-03-31 0.00 1.00
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-11-18

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

  • Unable to perform a dividend volatility check as Tekmar Group has not reported any payouts.
  • Unable to verify if Tekmar Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tekmar Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tekmar Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Tekmar Group's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Tekmar Group'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 Tekmar Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tekmar Group has a total score of 0/6, see the detailed checks below.


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

TGP Management

 What is the CEO of Tekmar 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
James Ritchie-Bland
COMPENSATION £1,332,000
AGE 29
CEO Bio

Mr. James Thomas Ritchie-Bland serves as the Chief Executive Officer at Tekmar Energy Limited. Mr. Ritchie-Bland serves as the Chief Executive Officer and a Director at Tekmar Group PLC. He has 10 years’ experience as an executive manager and is one of the first and founding employees of Tekmar Energy. In 2009, he became Operations Director and led the business through substantial growth. He then subsequently led the management buy-out of Tekmar Energy in September 2011 with Elysian and Opera Finance. He is also a committee member of Subsea North East and Chairman of Energi Coast.

CEO Compensation
  • Insufficient data for James to compare compensation growth.
  • James's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

James Ritchie-Bland

TITLE
CEO & Director
COMPENSATION
£1M
AGE
29

Sue Hurst

TITLE
CFO, Company Secretary & Director
COMPENSATION
£307K
AGE
53

Terry Sheldrake

TITLE
Non-Executive Technical Director

Russell Edmondson

TITLE
Managing Director of Tekmar Energy

Charles Sullivan

TITLE
Head of Subsea Sales and Strategy
Board of Directors

Ally MacDonald

TITLE
Independent Non-Executive Chairman
COMPENSATION
£65K
AGE
54

James Ritchie-Bland

TITLE
CEO & Director
COMPENSATION
£1M
AGE
29

Sue Hurst

TITLE
CFO, Company Secretary & Director
COMPENSATION
£307K
AGE
53

Chris Gill

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£35K
AGE
56

Julian Brown

TITLE
Independent Non-Executive Director
COMPENSATION
£28K
AGE
56
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Tekmar 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. Tekmar 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.

TGP News

Simply Wall St News

Those Who Purchased Tekmar Group (LON:TGP) Shares A Year Ago Have A 26% Loss To Show For It

Unfortunately the Tekmar Group plc (LON:TGP) share price slid 26% over twelve months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Since we can't easily explain the share price movement based on these metrics, it might be worth considering how market sentiment has changed towards the stock.

Simply Wall St -

Estimating The Fair Value Of Tekmar Group plc (LON:TGP)

Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (£, Millions) £4.0m £6.0m £6.0m £6.0m £6.1m £6.1m £6.2m £6.2m £6.3m Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ 0.37% Est @ 0.63% Est @ 0.81% Est @ 0.93% Est @ 1.02% Est @ 1.08% Present Value (£, Millions) Discounted @ 8.13% £3.4 £4.7 £4.4 £4.1 £3.8 £3.5 £3.3 £3.1 £2.9 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= £33.2m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … AIM:TGP Intrinsic value, July 1st 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 -

Tekmar Group plc (LON:TGP): A Fundamentally Attractive Investment

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Tekmar Group plc (LON:TGP), it is a company with strong financial health as well as an optimistic growth outlook. … AIM:TGP Past and Future Earnings, May 31st 2019 Next Steps: For Tekmar Group, I've put together three key aspects you should further research: Historical Performance: What has TGP's returns been like over the past?

Simply Wall St -

Why Tekmar Group plc (LON:TGP) Could Have A Place In Your Portfolio

I've been keeping an eye on Tekmar Group plc (LON:TGP) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe TGP has a lot to offer. … is a company with

Simply Wall St -

Could Tekmar Group plc's (LON:TGP) Investor Composition Impacts Your Returns?

Every investor in Tekmar Group plc (LON:TGP) should be aware of the most powerful shareholder groups. … With a market capitalization of UK£83.0m, Tekmar Group is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Tekmar Group

Simply Wall St -

TGP Company Info

Description

Tekmar Group plc designs, develops, manufactures, installs, and sells subsea protection equipment to offshore energy markets. The company offers subsea cable, and umbilical and flexible pipe protection systems; and offshore engineering consulting services; and geotechnical design and consulting services, such as offshore structure foundation design, geohazard assessment, and subsea cable routing and burial assessment. It also designs, manufactures, and supplies equipment handling systems, emergency pipeline repair clamps, and equipment for use in the construction of offshore energy projects. The company was incorporated in 2018 and is headquartered in Newton Aycliffe, the United Kingdom.

Details
Name: Tekmar Group plc
TGP
Exchange: AIM
Founded: 2018
£78,801,869
50,687,852
Website: http://investors.tekmar.co.uk
Address: Tekmar Group plc
Aycliffe Business Park,
Unit 1,
Newton Aycliffe,
County Durham, DL5 6AR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM TGP Ordinary Shares London Stock Exchange AIM Market GB GBP 20. Jun 2018
Number of employees
Current staff
Staff numbers
136
Tekmar Group employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:26
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/10/10
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
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.