Financials Sanderson Design Group plc

Equities

WGB

GB0003061511

Home Furnishings

Market Closed - London S.E. Other stock markets 09:05:16 26/04/2024 pm IST			5-day change	1st Jan Change
105 ^GBX	-0.94%		+1.94%	-9.87%

24/04	Sanderson Design aided by record licencing activity in difficult year	AN
24/04	Transcript : Sanderson Design Group plc, 2024 Earnings Call, Apr 24, 2024

Valuation

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	61.4	52.88	79.45	119.2	94.7	75.29	-	-
Enterprise Value (EV) ¹	60.97	51.58	70.15	100.1	79.29	75.13	59.04	57.84
P/E ratio	12 x	14.3 x	20.8 x	15.6 x	10.8 x	11.2 x	10.5 x	10.1 x
Yield	3.75%	0.7%	-	2.08%	2.64%	2.75%	3.36%	3.48%
Capitalization / Revenue	0.54 x	0.47 x	0.85 x	1.06 x	0.85 x	0.84 x	0.66 x	0.64 x
EV / Revenue	0.54 x	0.46 x	0.75 x	0.89 x	0.71 x	0.69 x	0.52 x	0.49 x
EV / EBITDA	5.47 x	3.94 x	5.49 x	5.5 x	4.43 x	3.45 x	3.24 x	3.05 x
EV / FCF	6.58 x	9.05 x	4.16 x	14.6 x	95.8 x	12.9 x	13.7 x	11.7 x
FCF Yield	15.2%	11.1%	24%	6.84%	1.04%	7.76%	7.28%	8.56%
Price to Book	1.01 x	0.82 x	1.18 x	1.5 x	1.16 x	1.05 x	0.86 x	0.85 x
Nbr of stocks (in thousands)	70,984	70,984	70,934	70,934	71,468	71,706	-	-
Reference price ²	0.8650	0.7450	1.120	1.680	1.325	1.050	1.050	1.050
Announcement Date	10/04/19	30/06/20	18/05/21	28/04/22	26/04/23	24/04/24	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	113.3	111.5	93.76	112.2	112	108.6	113.4	117.4
EBITDA ¹	11.15	13.1	12.78	18.2	17.91	17.66	18.25	18.95
EBIT ¹	6.588	6.763	6.363	12.43	12.35	11.55	11.9	12.3
Operating Margin	5.82%	6.07%	6.79%	11.08%	11.03%	10.63%	10.49%	10.48%
Earnings before Tax (EBT) ¹	6.308	4.378	5.015	10.36	10.94	10.35	10.1	10.5
Net income ¹	5.101	3.723	3.906	7.759	8.825	8.197	7.5	7.8
Net margin	4.5%	3.34%	4.17%	6.92%	7.88%	7.55%	6.61%	6.65%
EPS ²	0.0719	0.0520	0.0538	0.1080	0.1231	0.1134	0.1000	0.1040
Free Cash Flow ¹	9.259	5.7	16.84	6.852	0.828	5.833	4.3	4.95
FCF margin	8.17%	5.11%	17.97%	6.11%	0.74%	5.37%	3.79%	4.22%
FCF Conversion (EBITDA)	83.02%	43.51%	131.82%	37.64%	4.62%	32.05%	23.56%	26.12%
FCF Conversion (Net income)	181.51%	153.1%	431.26%	88.31%	9.38%	71.16%	57.33%	63.46%
Dividend per Share ²	0.0324	0.005200	-	0.0350	0.0350	0.0350	0.0353	0.0365
Announcement Date	10/04/19	30/06/20	18/05/21	28/04/22	26/04/23	24/04/24	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: January	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	3.767
Net margin	-
EPS ²	0.0519
Dividend per Share	-
Announcement Date	13/10/21

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	0.43	1.3	9.3	19.1	15.4	16.3	16.3	17.5
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	9.26	5.7	16.8	6.85	0.83	5.83	4.3	4.95
ROE (net income / shareholders' equity)	12.7%	10.5%	8.59%	10.6%	11%	11.7%	13.1%	13.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	0.8600	0.9100	0.9500	1.120	1.140	1.210	1.230	1.240
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	2.29	2.5	1.08	2.13	4.79	3.26	7	6.25
Capex / Sales	2.02%	2.24%	1.15%	1.9%	4.28%	3%	6.17%	5.33%
Announcement Date	10/04/19	30/06/20	18/05/21	28/04/22	26/04/23	24/04/24	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Sanderson Design Group plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.05 GBP

Average target price

1.9 GBP

Spread / Average Target

+80.95%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Home Furnishings

	1st Jan change	Capi.
SANDERSON DESIGN GROUP PLC	-9.87%	93.78M
MAN WAH HOLDINGS LIMITED	+4.67%	2.77B
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LUOLAI LIFESTYLE TECHNOLOGY CO., LTD.	+2.26%	1.09B
LOCTEK ERGONOMIC TECHNOLOGY CORP.	+7.48%	830M
SHANGHAI SHUIXING HOME TEXTILE CO., LTD.	+18.64%	609M
DER FUTURE SCIENCE AND TECHNOLOGY HOLDING GROUP CO., LTD.	-23.90%	423M
ZHEJIANG ZHENGTE CO., LTD.	-15.55%	312M
DONGGUAN HUALI INDUSTRIES CO.,LTD	-6.93%	307M
ITALIAN DESIGN BRANDS S.P.A.	+4.13%	304M

Other Home Furnishings