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Haynes Publishing Group

LSE:HYNS
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HYNS
LSE
£63M
Market Cap
  1. Home
  2. GB
  3. Media
Company description

Haynes Publishing Group P.L.C., together with its subsidiaries, creates and supplies practical information and data solutions to motorists, enthusiasts, and professional mechanics through print and digital formats in the United Kingdom, rest of Europe, North America, and Australia. The last earnings update was 125 days ago. More info.


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HYNS Share Price and Events
7 Day Returns
0.5%
LSE:HYNS
-3.9%
GB Media
-3%
GB Market
1 Year Returns
101%
LSE:HYNS
8.7%
GB Media
11%
GB Market
HYNS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Haynes Publishing Group (HYNS) 0.5% -3.5% 12.8% 101% 169.7% 268%
GB Media -3.9% -6.9% 0.4% 8.7% -18.5% -18.6%
GB Market -3% -2.4% 3.9% 11% 4.7% 6.8%
1 Year Return vs Industry and Market
  • HYNS outperformed the Media industry which returned 8.7% over the past year.
  • HYNS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 11% over the past year.
Price Volatility
HYNS
Industry
5yr Volatility vs Market
Related Companies

HYNS Value

 Is Haynes Publishing 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 Haynes Publishing 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 Haynes Publishing Group.

LSE:HYNS 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 5.7%
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 LSE:HYNS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.773 (1 + (1- 19%) (0%))
0.848
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.848 * 6.07%)
5.67%

Discounted Cash Flow Calculation for LSE:HYNS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Haynes Publishing 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.

LSE:HYNS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 5.67%)
2020 2.76 Analyst x1 2.61
2021 3.71 Analyst x1 3.32
2022 4.80 Analyst x1 4.07
2023 5.44 Est @ 13.27% 4.36
2024 5.95 Est @ 9.45% 4.52
2025 6.35 Est @ 6.77% 4.56
2026 6.67 Est @ 4.9% 4.53
2027 6.90 Est @ 3.59% 4.44
2028 7.09 Est @ 2.67% 4.31
2029 7.23 Est @ 2.03% 4.16
Present value of next 10 years cash flows £40.00
LSE:HYNS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £7.23 × (1 + 0.53%) ÷ (5.67% – 0.53%)
£141.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £141.34 ÷ (1 + 5.67%)10
£81.38
LSE:HYNS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £40.00 + £81.38
£121.38
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £121.38 / 15.12
£8.03
LSE:HYNS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £8.03
Current discount Discount to share price of £4.14
= -1 x (£4.14 - £8.03) / £8.03
48.4%

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

Current Discount
Amount off the current price Haynes Publishing Group is available for.
Intrinsic value
48%
Share price is £4.14 vs Future cash flow value of £8.03
Current Discount Checks
For Haynes Publishing Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Haynes Publishing Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Haynes Publishing 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 Haynes Publishing Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Haynes Publishing Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:HYNS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in GBP £0.09
LSE:HYNS Share Price ** LSE (2020-01-28) in GBP £4.14
United Kingdom of Great Britain and Northern Ireland Media Industry PE Ratio Median Figure of 25 Publicly-Listed Media Companies 21.7x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 18.18x

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

** Primary Listing of Haynes Publishing Group.

LSE:HYNS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 4.14 ÷ 0.09

44.14x

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

  • Haynes Publishing Group is overvalued based on earnings compared to the GB Media industry average.
  • Haynes Publishing Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Haynes Publishing Group's expected growth come at a high price?
Raw Data
LSE:HYNS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 44.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Media Industry PEG Ratio Median Figure of 20 Publicly-Listed Media Companies 1.66x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 551 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Haynes Publishing Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Haynes Publishing Group's assets?
Raw Data
LSE:HYNS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in GBP £1.52
LSE:HYNS Share Price * LSE (2020-01-28) in GBP £4.14
United Kingdom of Great Britain and Northern Ireland Media Industry PB Ratio Median Figure of 42 Publicly-Listed Media Companies 1.38x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,317 Publicly-Listed Companies 1.6x
LSE:HYNS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.14 ÷ 1.52

2.72x

* Primary Listing of Haynes Publishing Group.

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

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

HYNS Future Performance

 How is Haynes Publishing 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
6.1%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Haynes Publishing Group expected to grow at an attractive rate?
  • Unable to compare Haynes Publishing Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Haynes Publishing Group's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Haynes Publishing 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
LSE:HYNS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:HYNS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.1%
United Kingdom of Great Britain and Northern Ireland Media Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
United Kingdom of Great Britain and Northern Ireland Media Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.1%
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
LSE:HYNS 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.
LSE:HYNS Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-05-31 43 18 1
2021-05-31 40 16 1
2020-05-31 38 14 1
2020-01-28
LSE:HYNS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-05-31 36 12 1
2019-02-28 36 11 1
2018-11-30 35 9 1
2018-08-31 34 10 1
2018-05-31 34 10 1
2018-02-28 33 11 2
2017-11-30 33 12 2
2017-08-31 31 11 2
2017-05-31 30 10 1
2017-02-28 29 9 0
2016-11-30 28 9 -2
2016-08-31 27 8 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Haynes Publishing Group is high growth as no earnings estimate data is available.
  • Haynes Publishing Group's revenue is expected to grow by 6.1% 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
LSE:HYNS 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 Haynes Publishing Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:HYNS Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-05-31
2021-05-31
2020-05-31
2020-01-28
LSE:HYNS Past Financials Data
Date (Data in GBP Millions) EPS *
2019-05-31 0.09
2019-02-28 0.07
2018-11-30 0.05
2018-08-31 0.07
2018-05-31 0.10
2018-02-28 0.12
2017-11-30 0.12
2017-08-31 0.11
2017-05-31 0.09
2017-02-28 -0.01
2016-11-30 -0.11
2016-08-31 -0.11

*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 Haynes Publishing Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Haynes Publishing 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.
Haynes Publishing Group has a total score of 1/6, 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.

HYNS Past Performance

  How has Haynes Publishing 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 Haynes Publishing Group's growth in the last year to its industry (Media).
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.
  • Haynes Publishing Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Haynes Publishing Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Haynes Publishing Group's 1-year earnings growth is negative, it can't be compared to the GB Media industry average.
Earnings and Revenue History
Haynes Publishing 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 Haynes Publishing Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:HYNS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 36.20 1.42 19.44
2019-02-28 35.60 1.08 19.35
2018-11-30 34.99 0.73 19.27
2018-08-31 34.39 1.11 18.40
2018-05-31 33.79 1.49 17.53
2018-02-28 33.39 1.74 17.11
2017-11-30 32.81 1.85 16.68
2017-08-31 31.29 1.61 16.05
2017-05-31 29.77 1.37 15.42
2017-02-28 28.67 -0.13 14.17
2016-11-30 27.57 -1.64 14.53
2016-08-31 26.64 -1.71 14.09
2016-05-31 25.71 -1.78 13.65
2016-02-29 26.04 -3.77 13.58
2015-11-30 26.37 -5.76 13.51
2015-08-31 26.22 -5.84 13.32
2015-05-31 26.07 -5.92 13.14
2015-02-28 26.16 -2.31 12.79
2014-11-30 26.26 1.31 12.44
2014-08-31 27.77 1.21 12.62
2014-05-31 29.28 1.12 12.80
2014-02-28 29.27 1.24 13.19
2013-11-30 29.25 1.36 13.57
2013-08-31 28.44 1.75 13.46
2013-05-31 27.63 2.15 13.35
2013-02-28 28.19 2.37 13.22

*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.
  • Haynes Publishing Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Haynes Publishing Group used its assets less efficiently than the GB Media industry average last year based on Return on Assets.
  • Haynes Publishing Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Haynes Publishing 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 Media 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.
Haynes Publishing Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

HYNS Health

 How is Haynes Publishing 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 Haynes Publishing Group's finances.

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

LSE:HYNS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 23.03 0.00 4.87
2019-02-28 23.03 0.00 4.87
2018-11-30 26.23 2.49 5.09
2018-08-31 26.23 2.49 5.09
2018-05-31 25.57 2.28 4.81
2018-02-28 24.99 2.28 4.81
2017-11-30 21.64 4.57 4.26
2017-08-31 21.64 4.57 4.26
2017-05-31 20.73 3.33 7.04
2017-02-28 21.32 3.33 7.04
2016-11-30 23.29 2.92 3.54
2016-08-31 23.29 2.92 3.54
2016-05-31 24.24 2.16 2.55
2016-02-29 24.24 2.16 2.55
2015-11-30 26.86 2.83 2.36
2015-08-31 26.86 2.83 2.36
2015-05-31 26.58 2.83 2.97
2015-02-28 26.58 2.83 2.97
2014-11-30 33.40 3.21 2.20
2014-08-31 33.40 3.21 2.20
2014-05-31 35.34 3.41 2.35
2014-02-28 35.34 3.41 2.35
2013-11-30 34.81 3.63 1.89
2013-08-31 34.81 3.63 1.89
2013-05-31 39.15 0.07 6.18
2013-02-28 39.15 0.07 6.18
  • Haynes Publishing Group has no debt.
  • Haynes Publishing Group has no debt compared to 5 years ago when it was 9.7%.
  • Haynes Publishing Group has no debt, it does not need to be covered by operating cash flow.
  • Haynes Publishing Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Haynes Publishing 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. Haynes Publishing Group has a total score of 5/6, 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.

HYNS Dividends

 What is Haynes Publishing 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
1.81%
Current annual income from Haynes Publishing Group dividends. Estimated to be 1.92% next year.
If you bought £2,000 of Haynes Publishing Group shares you are expected to receive £36 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?
  • Haynes Publishing Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.86%).
  • Haynes Publishing Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.08%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:HYNS 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 Media Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 678 Stocks 4.4%
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 5.1%

Industry and Market average data is calculated daily.

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

LSE:HYNS Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-05-31 0.08 1.00
2021-05-31 0.08 1.00
2020-05-31 0.08 1.00
2020-01-28
LSE:HYNS Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-25 0.075 1.979
2019-09-12 0.075 2.920
2018-09-26 0.075 3.771
2018-09-05 0.075 3.693
2017-11-15 0.075 3.424
2016-11-10 0.075 4.669
2015-09-30 0.075 6.714
2015-09-24 0.075 6.977
2014-10-01 0.075 5.577
2014-09-25 0.075 4.160
2013-09-24 0.075 3.738
2013-09-23 0.075 4.001
2013-01-31 0.130 7.624
2012-09-21 0.157 8.339
2012-08-23 0.157 8.057
2011-09-14 0.157 7.831
2011-08-25 0.157 6.681
2010-09-14 0.155 6.606
2010-08-26 0.155 5.975
2009-09-10 0.155 6.502
2009-06-01 0.155 10.146
2009-01-29 0.145 10.864

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Haynes Publishing Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
X
Income/ dividend checks
We assess Haynes Publishing 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 Haynes Publishing Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Haynes Publishing Group has a total score of 2/6, see the detailed checks below.


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

HYNS Management

 What is the CEO of Haynes Publishing 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
J Haynes
COMPENSATION £289,000
AGE 52
TENURE AS CEO 3.6 years
CEO Bio

Mr. John Harold Coleman Haynes, also known as J, has been the Chief Executive Officer of Haynes Publishing Group P.L.C. since June 01, 2016 and has been its Executive Director since January 28, 2002. Mr. Haynes served as Managing Director of UK and European Operation at Haynes Publishing Group since January 2002. He served as Group Chairman of Haynes Publishing Group since June 1, 2010 to March 21, 2016. He served as Group Vice Chairman of Haynes Publishing Group since June 2, 2008. He joined Haynes Publishing Group as a Non-Executive Director on March 25, 2000. Mr. Haynes was formerly a Director at Beeson Gregory, a specialist investment bank, before which he worked for 5 years as a Graduate Trainee with Haynes North America. He completed a two year MBA at the London Business School.

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

Average tenure and age of the Haynes Publishing Group management team in years:

3.7
Average Tenure
56
Average Age
  • The tenure for the Haynes Publishing Group management team is about average.
Management Team

Eddie Bell

TITLE
Group Executive Chairman
COMPENSATION
£171K
AGE
70

J Haynes

TITLE
CEO & Executive Director
COMPENSATION
£289K
AGE
52
TENURE
3.6 yrs

Richard Barker

TITLE
Group Finance Director
COMPENSATION
£222K
AGE
37
TENURE
1.9 yrs

James Bunkum

TITLE
COO & Executive Director
COMPENSATION
£404K
AGE
54
TENURE
1.9 yrs

Alex Kwarts

TITLE
CTO & Executive Director
COMPENSATION
£259K
AGE
64
TENURE
3.8 yrs

Jeremy Yates-Round

TITLE
MD of Consumer Publishing & Haynes Consumer and Executive Director
COMPENSATION
£255K
AGE
58
TENURE
9.6 yrs

Peter van der Galiën

TITLE
MD of Haynes Professional & Executive Director
COMPENSATION
£237K
AGE
52
TENURE
4 yrs

Harvey Wolff

TITLE
Senior VP of Haynes North America & Executive Director
AGE
64
Board of Directors Tenure

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

3.8
Average Tenure
56
Average Age
  • The tenure for the Haynes Publishing Group board of directors is about average.
Board of Directors

Eddie Bell

TITLE
Group Executive Chairman
COMPENSATION
£171K
AGE
70
TENURE
3.8 yrs

J Haynes

TITLE
CEO & Executive Director
COMPENSATION
£289K
AGE
52
TENURE
19.8 yrs

Richard Barker

TITLE
Group Finance Director
COMPENSATION
£222K
AGE
37
TENURE
1.9 yrs

James Bunkum

TITLE
COO & Executive Director
COMPENSATION
£404K
AGE
54
TENURE
4 yrs

Alex Kwarts

TITLE
CTO & Executive Director
COMPENSATION
£259K
AGE
64
TENURE
9.3 yrs

Jeremy Yates-Round

TITLE
MD of Consumer Publishing & Haynes Consumer and Executive Director
COMPENSATION
£255K
AGE
58
TENURE
9.6 yrs

Peter van der Galiën

TITLE
MD of Haynes Professional & Executive Director
COMPENSATION
£237K
AGE
52
TENURE
1.9 yrs

Harvey Wolff

TITLE
Senior VP of Haynes North America & Executive Director
AGE
64
TENURE
0.5 yrs

Nina Wright

TITLE
Independent Non-Executive Director
COMPENSATION
£31K
AGE
48
TENURE
3.4 yrs

Steve Daykin

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£45K
AGE
62
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 (£)
03. Dec 19 Buy Liontrust Investment Partners LLP Company 02. Dec 19 02. Dec 19 20,000 £4.00 £80,000
27. Nov 19 Buy Liontrust Investment Partners LLP Company 26. Nov 19 26. Nov 19 50,000 £4.00 £200,000
X
Management checks
We assess Haynes Publishing 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. Haynes Publishing 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.

HYNS News

Simply Wall St News

Consider This Before Buying Haynes Publishing Group P.L.C. (LON:HYNS) For The 3.4% Dividend

Dividend paying stocks like Haynes Publishing Group P.L.C. … (LON:HYNS) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. A high yield and a long history of paying dividends is an appealing combination for Haynes Publishing Group. We'd guess that plenty of investors have purchased it for the income. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. We'll run through some checks below to help with this. Click the interactive chart for our full dividend analysis LSE:HYNS Historical Dividend Yield, September 3rd 2019Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. Haynes Publishing Group paid out 154% of its profit as dividends, over the trailing twelve month period. Unless there are extenuating circumstances, from the perspective of an investor who hopes to own the company for many years, a payout ratio of above 100% is definitely a concern. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Haynes Publishing Group paid out 986% of its free cash flow last year, suggesting the dividend is poorly covered by cash flow. Paying out more than 100% of your free cash flow in dividends is generally not a long-term, sustainable state of affairs, so we think shareholders should watch this metric closely. As Haynes Publishing Group's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term. While the above analysis focuses on dividends relative to a company's earnings, we do note Haynes Publishing Group's strong net cash position, which will let it pay larger dividends for a time, should it choose. Dividend Volatility From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. For the purpose of this article, we only scrutinise the last decade of Haynes Publishing Group's dividend payments. This dividend has been unstable, which we define as having fallen by at least 20% one or more times over this time. During the past ten-year period, the first annual payment was UK£0.14 in 2009, compared to UK£0.075 last year. This works out to be a decline of approximately 6.4% per year over that time. Haynes Publishing Group's dividend has been cut sharply at least once, so it hasn't fallen by 6.4% every year, but this is a decent approximation of the long term change. We struggle to make a case for buying Haynes Publishing Group for its dividend, given that payments have shrunk over the past ten years. Dividend Growth Potential With a relatively unstable dividend, and a poor history of shrinking dividends, it's even more important to see if EPS are growing. Haynes Publishing Group's earnings per share have shrunk at 19% a year over the past five years. A sharp decline in earnings per share is not great from from a dividend perspective, as even conservative payout ratios can come under pressure if earnings fall far enough. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Using these criteria, Haynes Publishing Group looks quite suboptimal from a dividend investment perspective.

Simply Wall St -

Shareholders Should Look Hard At Haynes Publishing Group P.L.C.’s (LON:HYNS) 3.0% Return On Capital

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Haynes Publishing Group: 0.03 = UK£1.5m ÷ (UK£61m - UK£12m) (Based on the trailing twelve months to November 2018.) So, Haynes Publishing Group has an ROCE of 3.0%. … View our latest analysis for Haynes Publishing Group Is Haynes Publishing Group's ROCE Good? … How Haynes Publishing Group's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months.

Simply Wall St -

If You Had Bought Haynes Publishing Group (LON:HYNS) Stock Three Years Ago, You Could Pocket A 104% Gain Today

During three years of share price growth, Haynes Publishing Group moved from a loss to profitability. … We note that for Haynes Publishing Group the TSR over the last 3 years was 131%, which is better than the share price return mentioned above. … A Different Perspective We're pleased to report that Haynes Publishing Group shareholders have received a total shareholder return of 9.2% over one year.

Simply Wall St -

Should You Worry About Haynes Publishing Group P.L.C.'s (LON:HYNS) CEO Salary Level?

Check out our latest analysis for Haynes Publishing Group How Does J Haynes's Compensation Compare With Similar Sized Companies? … LSE:HYNS CEO Compensation, July 23rd 2019 Is Haynes Publishing Group P.L.C. … I think that the total shareholder return of 135%, over three years, would leave most Haynes Publishing Group P.L.C.

Simply Wall St -

Is Haynes Publishing Group (LON:HYNS) Using Too Much Debt?

LSE:HYNS Historical Debt, July 12th 2019 How Strong Is Haynes Publishing Group's Balance Sheet? … Haynes Publishing Group boasts net cash, so it's fair to say it does not have a heavy debt load! … Haynes Publishing Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt.

Simply Wall St -

Despite Its High P/E Ratio, Is Haynes Publishing Group P.L.C. (LON:HYNS) Still Undervalued?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Haynes Publishing Group: P/E of 46.54 = £2.26 ÷ £0.049 (Based on the trailing twelve months to November 2018.) Is A High P/E Ratio Good? … Haynes Publishing Group's earnings per share fell by 60% in the last twelve months. … LSE:HYNS Price Estimation Relative to Market, July 1st 2019 Its relatively high P/E ratio indicates that Haynes Publishing Group shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

What You Must Know About Haynes Publishing Group P.L.C.'s (LON:HYNS) Beta Value

A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one. … See our latest analysis for Haynes Publishing Group What we can learn from HYNS's beta value Given that it has a beta of 0.81, we can surmise that the Haynes Publishing Group share price has not been strongly impacted by broader market volatility (over the last 5 years). … What this means for you: One potential advantage of owning low beta stocks like Haynes Publishing Group is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

Can Haynes Publishing Group P.L.C. (LON:HYNS) Improve Its Returns?

Check out our latest analysis for Haynes Publishing Group How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Haynes Publishing Group: 2.8% = UK£734k ÷ UK£26m (Based on the trailing twelve months to November 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Haynes Publishing Group's Debt And Its 2.8% Return On Equity While Haynes Publishing Group does have a tiny amount of debt, with debt to equity of just 0.095, we think the use of debt is very modest.

Simply Wall St -

Could The Haynes Publishing Group P.L.C. (LON:HYNS) Ownership Structure Tell Us Something Useful?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of UK£30m, Haynes Publishing Group is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Haynes Publishing Group LSE:HYNS Ownership Summary, May 27th 2019 What Does The Institutional Ownership Tell Us About Haynes Publishing Group? … Insider Ownership Of Haynes Publishing Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

How Does Haynes Publishing Group P.L.C. (LON:HYNS) Fare As A Dividend Stock?

(LON:HYNS) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

HYNS Company Info

Description

Haynes Publishing Group P.L.C., together with its subsidiaries, creates and supplies practical information and data solutions to motorists, enthusiasts, and professional mechanics through print and digital formats in the United Kingdom, rest of Europe, North America, and Australia. The company publishes DIY repair manuals for cars and motorcycles in printed and digital formats in English and Spanish languages under the Haynes, Chilton, Clymer, and Gregory brands; and supplies technical data to the European professional automotive aftermarket, which is delivered digitally in approximately 20 languages. It also has approximately 180 online digital manuals with approximately 600 automotive print titles in publication in Europe; approximately 300 general DIY titles aimed at those with an interest in general non-automotive related activities; information for the professional automotive market in Australia; and approximately 400 online digital manuals and approximately 1,300 printed titles in North America and Australia. In addition, the company engages in data production, and IT development and sales businesses. Further, it provides information and productivity solutions for the lubricants sector of oil industry. Haynes Publishing Group P.L.C. was founded in 1960 and is headquartered in Yeovil, the United Kingdom.

Details
Name: Haynes Publishing Group P.L.C.
HYNS
Exchange: LSE
Founded: 1960
£62,607,092
15,122,486
Website: http://www.haynes.com
Address: Haynes Publishing Group P.L.C.
Sparkford,
Yeovil,
Somerset, BA22 7JJ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HYNS Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
286
Haynes Publishing Group employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 20:34
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2019/09/12
Last earnings filing: 2019/09/25
Last earnings reported: 2019/05/31
Last annual earnings reported: 2019/05/31


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.