Topps Tiles (TPT)

Sector:

Retailers

Index:

FTSE Small Cap

43.85p
   
  • Change Today:
      1.05p
  • 52 Week High: 56.40
  • 52 Week Low: 40.50
  • Currency: UK Pounds
  • Shares Issued: 196.67m
  • Volume: 10,052
  • Market Cap: £86.24m
  • RiskGrade: 190

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 01-Oct-11 02-Oct-10 29-Sep-07 30-Sep-06 01-Oct-05
Annualisation Factor 1.0 0.3 1.0 1.0 1.0
Dividend Yield 3.2% 1.7% 5.4% 4.0% 5.5%
           
Continuing Operations          
PE Ratio - Adjusted 6.2 9.7 13.2 20.2 12.9
PE Ratio - Diluted 11.4
9.6		 13.5
12.3		 13.1
13.2		 20.3
20.5		 13.0
14.5
PEG - Adjusted n/a n/a 0.8 n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.7
0.7		 n/a
20.5		 n/a
n/a
Return on Capital Employed 35.22%
38.50%		 8.97%
9.40%		 80.45%
79.96%		 73.98%
73.50%		 64.77%
61.91%
Operating Margin 7.06%
7.69%		 9.43%
9.87%		 21.46%
21.33%		 21.68%
21.54%		 22.22%
21.24%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.2 28.5 13.2 n/a n/a
PE Ratio - Diluted 11.4
9.6		 34.3
31.6		 13.1
13.2		 20.3
20.5		 13.0
14.5
PEG - Adjusted 0.0 n/a n/a n/a n/a
PEG - Diluted 0.2
0.1		 n/a
n/a		 0.7
0.7		 n/a
20.5		 0.7
1.3

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 01-Oct-11 02-Oct-10 29-Sep-07 30-Sep-06 01-Oct-05
Net Gearing n/a n/a n/a n/a (41.79%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 01-Oct-11 02-Oct-10 29-Sep-07 30-Sep-06 01-Oct-05
Price/Book Value (2.5) (3.9) (6.0) (8.8) 8.0
Price/Tangible Book Value (2.5) (3.9) (6.0) (8.8) 8.0
Price/ Cash Flow 5.3 10.8 10.8 19.1 15.5
Price/Revenue 0.36 1.84 1.61 3.12 2.37
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (13.65p) (15.50p) (32.99p) (29.39p) 22.83p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 01-Oct-11 02-Oct-10 29-Sep-07 30-Sep-06 01-Oct-05
Continuing Operations          
Revenue 175.52 60.58 207.90 180.18 173.33
EBITDA 16.62
16.68		 7.32
7.32		 49.04
48.77		 42.79
42.53		 41.87
40.17
Depreciation (4.23)
(3.18)		 (1.61)
(1.34)		 (4.42)
(4.42)		 (3.72)
(3.72)		 (3.36)
(3.36)
Net Interest (4.48)
(4.48)		 (1.60)
(1.60)		 (6.78)
(6.78)		 (0.06)
(0.06)		 0.67
0.67
Profit Before Tax 7.91
9.02		 4.11
4.38		 37.83
37.56		 39.06
38.81		 39.19
37.49
           
Revenue per Share 93.23p 32.63p 121.91p 82.94p 76.57p
Pre-Tax Profit per Share 4.20p
4.79p		 2.21p
2.36p		 22.18p
22.03p		 17.98p
17.86p		 17.31p
16.56p
Market Capitalisation £ (Millions) 64.04 112.92 335.62 440.45 411.08
Enterprise Value (EV) £ (Millions) 123.33 203.64 446.26 555.95 417.08
EBITDA/EV 13.48%
13.53%		 3.60%
3.60%		 10.99%
10.93%		 7.70%
7.65%		 10.04%
9.63%
Operating Margin 7.06%
7.69%		 9.43%
9.87%		 21.46%
21.33%		 21.68%
21.54%		 22.22%
21.24%
Capital Employed £ (Millions) 35.06 63.66 55.45 52.89 59.48
Return on Capital Employed 35.22%
38.50%		 8.97%
9.40%		 80.45%
79.96%		 73.98%
73.50%		 64.77%
61.91%
Invested Equity Capital £ (Millions) (23.98) (26.81) (53.76) (62.06) 54.03
           
Earnings per Share - Basic 3.04p
3.62p		 4.56p
5.00p		 15.09p
14.94p		 12.80p
12.69p		 14.08p
12.58p
Earnings per Share - Diluted 2.97p
3.55p		 4.46p
4.89p		 15.02p
14.87p		 12.74p
12.63p		 13.99p
12.49p
Earnings per Share - Adjusted 5.50p 6.18p 14.94p 12.80p 14.08p
Earnings per Share Growth - Basic -33%
-28%		 -70%
-66%		 18%
18%		 -9%
1%		 n/a
n/a
Earnings per Share Growth - Diluted -33%
-27%		 -70%
-67%		 18%
18%		 -9%
1%		 n/a
n/a
Earnings per Share Growth - Adjusted -11% -59% 17% -9% n/a
PE Ratio - Diluted 11.4
9.6		 13.5
12.3		 13.1
13.2		 20.3
20.5		 13.0
14.5
PEG - Diluted n/a
n/a		 n/a
n/a		 0.7
0.7		 n/a
20.5		 n/a
n/a
Tax Rate 27.74% 31.54% 31.96% 28.87% 23.00%
Dividend Cover 5.00
3.29		 6.18
5.00		 1.40
1.40		 1.23
1.22		 1.40
1.25
Interest Cover 2.65
2.88		 3.35
3.50		 5.86
5.82		 30.17
29.98		 97.29
93.12
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 3.04p
3.62p		 1.78p
1.94p		 15.09p
14.94p		 12.80p
12.69p		 14.08p
12.58p
Earnings per Share - Diluted 2.97p
3.55p		 1.75p
1.90p		 15.02p
14.87p		 12.74p
12.63p		 13.99p
12.49p
Earnings per Share - Adjusted 5.50p 2.10p 14.94p n/a n/a
Earnings per Share Growth - Basic 70%
87%		 -88%
-87%		 18%
18%		 -9%
1%		 18%
10%
Earnings per Share Growth - Diluted 70%
87%		 -88%
-87%		 18%
18%		 -9%
1%		 19%
11%
Earnings per Share Growth - Adjusted 161% -86% n/a n/a -100%
PE Ratio - Diluted 11.4
9.6		 34.3
31.6		 13.1
13.2		 20.3
20.5		 13.0
14.5
PEG - Diluted 0.2
0.1		 n/a
n/a		 0.7
0.7		 n/a
20.5		 0.7
1.3
Dividend Cover 5.00
3.29		 2.10
1.94		 1.40
1.40		 n/a
1.22		 n/a
1.25
Return on Equity (ROE) (23.83%)
(28.45%)		 (12.36%)
(13.42%)		 (47.88%)
(47.39%)		 (44.80%)
(44.42%)		 55.86%
52.72%
Operating Cash Flow per Share 6.40p 5.58p 18.20p 13.59p 11.75p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (17.42p) 2.59p (0.44p) (5.20p) (0.79p)
Capital Expenditure per Share n/a n/a 3.88p 1.55p 2.14p
Dividend per Share 1.10p 1.00p 10.70p 10.40p 10.04p
Dividend per Share Growth 10.00% (90.65%) 2.88% 3.63% 18.75%
Dividend Yield 3.2% 1.7% 5.4% 4.0% 5.5%
Shareholders Funds (25.46) (28.53) (54.82) (63.30) 52.23
Net Borrowings £ (Millions) 50.20 48.84 94.86 98.97 (21.83)
Net Asset Value per Share (inc. Intangibles) (13.65p) (15.50p) (32.99p) (29.39p) 22.83p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 01-Oct-11 02-Oct-10 29-Sep-07 30-Sep-06 01-Oct-05
Shareholders' Funds inc Intangibles (25.46) (28.53) (54.82) (63.30) 52.23
Net Borrowings £ (Millions) 50.20 48.84 94.86 98.97 (21.83)
Net Gearing n/a n/a n/a n/a (41.79%)
Cash & Near Cash 9.09 41.88 15.78 16.53 27.83
Cash (35.69%) (146.79%) (28.78%) (26.12%) 53.28%
Gross Borrowings 59.29 90.72 110.64 115.50 6.00
Gross Gearing 232.85% 317.97% 201.82% 182.48% 11.49%
Borrowings Under 5 years 59.29 90.72 110.64 115.50 6.00
Under 5 years (232.85%) (317.97%) (201.82%) (182.48%) 11.49%
Borrowings Under 1 year n/a n/a 4.91 4.90 n/a
Under 1 year n/a n/a (8.95%) (7.74%) n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 01-Oct-11 02-Oct-10 29-Sep-07 30-Sep-06 01-Oct-05
Shareholders' Funds exc Intangibles (25.71) (28.78) (56.25) (63.85) 51.68
Net Borrowings £ (Millions) 50.20 48.84 94.86 98.97 (21.83)
Net Gearing n/a n/a n/a n/a (42.24%)
Cash & Near Cash 9.09 41.88 15.78 16.53 27.83
Cash (35.35%) (145.54%) (28.05%) (25.89%) 53.85%
Gross Borrowings 59.29 90.72 110.64 115.50 6.00
Gross Gearing 230.63% 315.26% 196.69% 180.90% 11.61%
Borrowings Under 5 years 59.29 90.72 110.64 115.50 6.00
Under 5 years (230.63%) (315.26%) (196.69%) (180.90%) 11.61%
Borrowings Under 1 year n/a n/a 4.91 4.90 n/a
Under 1 year n/a n/a (8.72%) (7.67%) n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 01-Oct-11 02-Oct-10 29-Sep-07 30-Sep-06 01-Oct-05
Quick Ratio 0.38 1.00 0.50 0.58 1.19
Current Ratio 0.94 1.50 1.19 1.28 2.14

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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