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Inland Homes

AIM:INL
Snowflake Description

Very undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INL
AIM
£164M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Inland Homes plc operates as a real estate development company in the United Kingdom. The last earnings update was 254 days ago. More info.


Add to Portfolio Compare Print
INL Share Price and Events
7 Day Returns
0%
AIM:INL
1.8%
GB Real Estate
-0.4%
GB Market
1 Year Returns
57.4%
AIM:INL
15%
GB Real Estate
4.5%
GB Market
INL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inland Homes (INL) 0% 3.8% 16.1% 57.4% 37.7% 36.5%
GB Real Estate 1.8% 2.8% 9.5% 15% -8.1% 6.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • INL outperformed the Real Estate industry which returned 15% over the past year.
  • INL outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
INL
Industry
5yr Volatility vs Market

Value

 Is Inland Homes 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 Inland Homes 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 Inland Homes.

AIM:INL 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 11%
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:INL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 19%) (77.52%))
1.476
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.476 * 6.65%)
11.04%

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

The calculations below outline how an intrinsic value for Inland Homes 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:INL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 11.04%)
2020 29.50 Analyst x1 26.57
2021 30.30 Analyst x1 24.57
2022 30.93 Est @ 2.09% 22.59
2023 31.50 Est @ 1.83% 20.72
2024 32.02 Est @ 1.65% 18.97
2025 32.51 Est @ 1.52% 17.34
2026 32.98 Est @ 1.43% 15.84
2027 33.43 Est @ 1.37% 14.46
2028 33.87 Est @ 1.33% 13.19
2029 34.31 Est @ 1.3% 12.04
Present value of next 10 years cash flows £186.00
AIM:INL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £34.31 × (1 + 1.23%) ÷ (11.04% – 1.23%)
£353.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £353.81 ÷ (1 + 11.04%)10
£124.12
AIM:INL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £186.00 + £124.12
£310.12
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £310.12 / 205.74
£1.51
AIM:INL Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.51
Current discount Discount to share price of £0.80
= -1 x (£0.80 - £1.51) / £1.51
47.3%

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

Current Discount
Amount off the current price Inland Homes is available for.
Intrinsic value
47%
Share price is £0.8 vs Future cash flow value of £1.51
Current Discount Checks
For Inland Homes to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Inland Homes's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Inland Homes'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 Inland Homes's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inland Homes's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:INL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.08
AIM:INL Share Price ** AIM (2019-11-15) in GBP £0.8
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PE Ratio Median Figure of 29 Publicly-Listed Real Estate Companies 12.7x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of Inland Homes.

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

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

= 0.8 ÷ 0.08

10.35x

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

  • Inland Homes is good value based on earnings compared to the GB Real Estate industry average.
  • Inland Homes is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Inland Homes's expected growth come at a high price?
Raw Data
AIM:INL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
21.9%per year
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PEG Ratio Median Figure of 18 Publicly-Listed Real Estate Companies 0.9x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.35x ÷ 21.9%

0.47x

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

  • Inland Homes is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Inland Homes's assets?
Raw Data
AIM:INL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.72
AIM:INL Share Price * AIM (2019-11-15) in GBP £0.8
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PB Ratio Median Figure of 37 Publicly-Listed Real Estate Companies 1.17x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:INL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.8 ÷ 0.72

1.11x

* Primary Listing of Inland Homes.

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

  • Inland Homes is good value based on assets compared to the GB Real Estate industry average.
X
Value checks
We assess Inland Homes'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Inland Homes has a total score of 6/6, 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 Inland Homes 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
21.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inland Homes expected to grow at an attractive rate?
  • Inland Homes's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Inland Homes's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Inland Homes'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:INL Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:INL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 21.9%
AIM:INL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 23.4%
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 12%
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
AIM:INL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 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:INL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 263 26 27 1
2020-06-30 215 25 19 1
2019-11-16
2019-06-30 185 -11 18 1
AIM:INL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 137 -15 16
2018-09-30 142 -15 16
2018-06-30 147 -14 15
2018-03-31 133 -3 16
2017-12-31 119 9 16
2017-09-30 105 5 16
2017-06-30 91 2 16
2017-03-31 85 -2 14
2016-12-31 79 -5 12
2016-09-30 91 -2 20
2016-06-30 102 2 28
2016-03-31 109 9 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inland Homes's earnings are expected to grow significantly at over 20% yearly.
  • Inland Homes's revenue is expected to grow significantly at over 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:INL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Inland Homes Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:INL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.12 0.12 0.12 1.00
2020-06-30 0.09 0.09 0.09 1.00
2019-11-16
2019-06-30 0.08 0.08 0.08 1.00
AIM:INL Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.08
2018-09-30 0.08
2018-06-30 0.08
2018-03-31 0.08
2017-12-31 0.08
2017-09-30 0.08
2017-06-30 0.08
2017-03-31 0.07
2016-12-31 0.06
2016-09-30 0.10
2016-06-30 0.14
2016-03-31 0.18

*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.
  • Inland Homes is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Inland Homes'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.
Inland Homes 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 Inland Homes performed over the past 5 years?

  • Inland Homes's last earnings update was 254 days ago.
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 Inland Homes's growth in the last year to its industry (Real Estate).
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.
  • Inland Homes's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Inland Homes's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Inland Homes's 1-year earnings growth is negative, it can't be compared to the GB Real Estate industry average.
Earnings and Revenue History
Inland Homes'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 Inland Homes Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:INL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 137.20 15.60 10.33
2018-09-30 142.30 15.50 9.73
2018-06-30 147.40 15.40 9.13
2018-03-31 133.36 15.91 8.79
2017-12-31 119.33 16.45 8.41
2017-09-30 105.02 16.12 7.94
2017-06-30 90.70 15.80 7.46
2017-03-31 85.02 13.78 7.67
2016-12-31 79.33 11.76 7.89
2016-09-30 90.62 20.03 7.65
2016-06-30 101.91 28.29 7.40
2016-03-31 109.35 36.90 7.07
2015-12-31 116.80 45.06 6.74
2015-09-30 115.51 37.37 6.38
2015-06-30 114.22 29.68 6.02
2015-03-31 106.45 19.42 5.71
2014-12-31 98.68 9.16 5.40
2014-09-30 78.80 8.08 4.89
2014-06-30 58.91 7.00 4.37
2014-03-31 32.21 4.92 3.74
2013-12-31 24.60 4.03 3.21
2013-09-30 27.86 3.84 2.91
2013-06-30 31.12 3.65 2.60
2013-03-31 26.44 2.99 2.49
2012-12-31 21.76 2.34 2.37

*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.
  • Inland Homes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Inland Homes used its assets more efficiently than the GB Real Estate industry average last year based on Return on Assets.
  • Inland Homes's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Inland Homes'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 Real Estate 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.
Inland Homes 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.

Health

 How is Inland Homes'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 Inland Homes's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inland Homes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inland Homes's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Inland Homes's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Inland Homes Company Filings, last reported 10 months ago.

AIM:INL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 147.40 126.80 30.20
2018-09-30 147.40 126.80 30.20
2018-06-30 142.40 120.10 40.40
2018-03-31 142.40 120.10 40.40
2017-12-31 134.73 94.64 24.79
2017-09-30 134.73 94.64 24.79
2017-06-30 130.60 94.50 26.50
2017-03-31 130.60 94.50 26.50
2016-12-31 117.99 95.94 17.58
2016-09-30 117.99 95.94 17.58
2016-06-30 116.35 71.29 16.72
2016-03-31 116.03 71.29 16.72
2015-12-31 107.02 71.17 16.62
2015-09-30 107.02 71.17 16.62
2015-06-30 89.07 56.29 21.38
2015-03-31 89.07 56.29 21.38
2014-12-31 67.66 38.58 9.78
2014-09-30 67.66 38.58 9.78
2014-06-30 61.09 51.92 11.07
2014-03-31 64.02 39.98 11.17
2013-12-31 60.77 23.62 8.95
2013-09-30 60.77 23.62 8.95
2013-06-30 57.73 16.04 12.16
2013-03-31 57.73 16.04 12.16
2012-12-31 51.69 12.11 12.77
  • Inland Homes's level of debt (86%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.1% vs 86% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess Inland Homes'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. Inland Homes has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Inland Homes'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
2.77%
Current annual income from Inland Homes dividends. Estimated to be 4.26% next year.
If you bought £2,000 of Inland Homes shares you are expected to receive £55 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?
  • Inland Homes's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • Inland Homes's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.34%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:INL 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:INL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.04 1.00
2020-06-30 0.03 1.00
2019-11-16
2019-06-30 0.03 1.00
AIM:INL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-10-24 0.022 3.579
2018-03-28 0.019 2.920
2017-10-24 0.017 2.753
2017-09-28 0.017 2.741
2016-11-04 0.013 2.197
2016-10-14 0.013 2.180
2015-10-29 0.014 1.940
2015-10-28 0.014 1.920
2015-03-31 0.006 0.869
2014-10-29 0.006 1.017
2013-10-03 0.003 0.574
2012-11-05 0.001 0.253
2012-10-04 0.001 0.332

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

  • Whilst dividend payments have been stable, Inland Homes has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Inland Homes only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Inland Homes's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Inland Homes'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 Inland Homes afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inland Homes 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 Inland Homes'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
Stephen Wicks
COMPENSATION £472,000
AGE 68
CEO Bio

Mr. Stephen Desmond Wicks founded Inland Homes PLC in June 2005 and serves as its Chief Executive. Mr. Wicks serves as Chief Executive at Inland Homes Limited. Mr. Wicks served as an Information Technology Director of Durrants Press Cuttings Limited since 2004. He played a critical role in the planning and implementation of Durrants' systems. He served as Chief Executive Officer at Country & Metropolitan Homes Ltd (alternative name Country & Metropolitan Group PLC) until April 2005. He has been the Non-Executive Chairman of Energiser Investments PLC since February 26, 2015. He serves as a Director of Stephen Wicks Developments Limited; Highlands Village Limited; Inland ZDP plc; Inland Homes 2013 Limited; Inland Limited Prime Assets Limited; Inland Finance Limited; Inland Housing Limited; Cedar Green Homes Limited; Development Funding Limited; Poole Investments Limited; Inland (Southern) Limited; Inland Homes (Essex) Limited; Inland Homes Developments Limited; Inland New Homes Limited; Exeter Road (Bournemouth)Limited; Energiser (Nominee) Limited; Inland Developments Limited; 10 Ant South Limited Leighton Developments Limited and Drayton Developments Limited. Mr. Wicks has been an Executive Director of Inland Homes PLC since June 16, 2005. He serves as Non-Executive Director of Howarth Homes PLC. He serves as a Non-Executive Director of Energiser Investments PLC since February 26, 2015. He served as an Executive Director of Country & Metropolitan Group PLC until April 2005. He served as a Director of Ashton Group Limited; Howarth Homes plc and Harvey Road (Rickmansworth) Limited. Mr. Wicks holds a number of industry certifications. He has extensive knowledge of local and national government policies on both Greenfield and Brownfield sites. Mr. Wicks served in the construction and house building sector for over 30 years.

CEO Compensation
  • Stephen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stephen'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 Inland Homes management team in years:

1.6
Average Tenure
55
Average Age
  • The average tenure for the Inland Homes management team is less than 2 years, this suggests a new team.
Management Team

Stephen Wicks

TITLE
Chief Executive & Executive Director
COMPENSATION
£472K
AGE
68

Nish Malde

TITLE
Group Finance Director & Executive Director
COMPENSATION
£469K
AGE
61

Gary Skinner

TITLE
MD & Director
COMPENSATION
£345K
AGE
49
TENURE
3.8 yrs

Paul Brett

TITLE
Consultant
COMPENSATION
£247K
AGE
43
TENURE
1.6 yrs

Tom Cuff

TITLE
Group Legal Director

Vicki Noon

TITLE
Sales & Marketing Director

Kat Worth

TITLE
Company Secretary
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Inland Homes board of directors in years:

1.5
Average Tenure
61
Average Age
  • The average tenure for the Inland Homes board of directors is less than 3 years, this suggests a new board.
Board of Directors

Terry Roydon

TITLE
Non Executive Chairman
COMPENSATION
£55K
AGE
72

Stephen Wicks

TITLE
Chief Executive & Executive Director
COMPENSATION
£472K
AGE
68
TENURE
14.4 yrs

Nish Malde

TITLE
Group Finance Director & Executive Director
COMPENSATION
£469K
AGE
61
TENURE
14.4 yrs

Gary Skinner

TITLE
MD & Director
COMPENSATION
£345K
AGE
49
TENURE
1.5 yrs

Simon Bennett

TITLE
Senior Independent Director
COMPENSATION
£45K
AGE
61
TENURE
1.2 yrs

Laure, Briscoe Duhot

TITLE
Non-Executive Director
AGE
57
TENURE
1.4 yrs

John Brian Johnson

TITLE
Non-Executive Director
AGE
58
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
08. Jul 19 Buy Stephen Wicks Individual 05. Jul 19 05. Jul 19 210,000 £0.66 £138,600
08. Jul 19 Buy Nishith Malde Individual 05. Jul 19 05. Jul 19 150,000 £0.66 £99,000
29. Apr 19 Buy Nishith Malde Individual 26. Apr 19 26. Apr 19 61,200 £0.61 £37,332
29. Mar 19 Buy Stephen Wicks Individual 28. Mar 19 28. Mar 19 125,000 £0.61 £75,750
X
Management checks
We assess Inland Homes'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. Inland Homes 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

Have Insiders Been Buying Inland Homes plc (LON:INL) Shares This Year?

AIM:INL Recent Insider Trading, August 26th 2019 Insiders at Inland Homes Have Bought Stock Recently Over the last three months, we've seen significant insider buying at Inland Homes. … Insider Ownership of Inland Homes Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … Insiders likely see value in Inland Homes shares, given these transactions (along with notable insider ownership of the company).

Simply Wall St -

How Much Of Inland Homes plc (LON:INL) Do Insiders Own?

Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. … See our latest analysis for Inland Homes AIM:INL Ownership Summary, August 14th 2019 What Does The Institutional Ownership Tell Us About Inland Homes? … Insider Ownership Of Inland Homes The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Inland Homes (LON:INL) Has A Somewhat Strained Balance Sheet

Either way, since Inland Homes does have more debt than cash, it's worth keeping an eye on its balance sheet. … Over the last three years, Inland Homes saw substantial negative free cash flow, in total. … Our View Inland Homes's conversion of EBIT to free cash flow and net debt to EBITDA definitely weigh on it, in our esteem.

Simply Wall St -

Is Inland Homes plc's (LON:INL) 11% ROE Strong Compared To Its Industry?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Inland Homes: 11% = UK£16m ÷ UK£147m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Inland Homes Have A Good Return On Equity? … Inland Homes's Debt And Its 11% ROE Inland Homes has a debt to equity ratio of 0.86, which is far from excessive.

Simply Wall St -

What Inland Homes plc's (LON:INL) ROE Can Tell Us

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Inland Homes: 11% = UK£16m ÷ UK£147m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Inland Homes Have A Good Return On Equity? … Combining Inland Homes's Debt And Its 11% Return On Equity While Inland Homes does have some debt, with debt to equity of just 0.86, we wouldn't say debt is excessive.

Simply Wall St -

Is Inland Homes plc's (LON:INL) P/E Ratio Really That Good?

See our latest analysis for Inland Homes How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Inland Homes: P/E of 7.42 = £0.57 ÷ £0.077 (Based on the year to December 2018.) Is A High P/E Ratio Good? … AIM:INL Price Estimation Relative to Market, May 27th 2019 Its relatively low P/E ratio indicates that Inland Homes shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

Is Inland Homes plc (LON:INL) Undervalued After Accounting For Its Future Growth?

Growth expectations for Inland Homes plc (LON:INL) are high, but many investors are starting to ask whether its last close at £0.6 can still be rationalized by the future potential. … View our latest analysis for Inland Homes. … Inland Homes is poised for extremely high earnings growth in the near future

Simply Wall St -

Can We See Significant Insider Ownership On The Inland Homes plc (LON:INL) Share Register?

A look at the shareholders of Inland Homes plc (LON:INL) can tell us which group is most powerful. … Inland Homes is not a large company by global standards. … Check out our latest analysis for Inland Homes

Simply Wall St -

Does Inland Homes plc's (LON:INL) CEO Pay Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Stephen Wicks's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Inland Homes plc has a market cap of UK£122m, and is paying total annual CEO compensation of UK£472k.

Simply Wall St -

Introducing Inland Homes (LON:INL), The Stock That Dropped 31% In The Last Three Years

Inland Homes plc (LON:INL) shareholders should be happy to see the share price up 12% in the last quarter. … Truth be told the share price declined 31% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund. … During the three years that the share price fell, Inland Homes's earnings per share (EPS) dropped by 30% each year.

Simply Wall St -

Company Info

Description

Inland Homes plc operates as a real estate development company in the United Kingdom. It develops brownfield sites for residential and mixed use projects. The company is also involved in the provision of finance; construction of homes; letting or operating of real estate properties; and operation of a sports club. It holds a land portfolio of 6,870 plots in the south and south-east of England, as well as has 682 homes under construction. The company was formerly known as Inland PLC and changed its name to Inland Homes plc in November 2011. Inland Homes plc was incorporated in 2005 and is based in Beaconsfield, the United Kingdom.

Details
Name: Inland Homes plc
INL
Exchange: AIM
Founded: 2005
£163,565,514
205,742,786
Website: http://www.inlandhomes.co.uk
Address: Inland Homes plc
Burnham Yard,
London End,
Beaconsfield,
Buckinghamshire, HP9 2JH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM INL Ordinary Shares London Stock Exchange AIM Market GB GBP 05. Apr 2007
Number of employees
Current staff
Staff numbers
105
Inland Homes employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:51
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/25
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.