GLEN ARNOLD INVESTMENTS
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Character Group - An impressive earnings history

5/6/2020

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Character Group (LSE:CCT), the toy creator and distributor has an impressive history of earnings and dividends despite recent falls.  Its shares are trading at 230p – 252p and market capitalisation is £2.52 x 21.36m shares = £53.8m.
Earnings and dividends
Half year to Feb Earnings per share, p Dividends per share, p Revenue, £m Profit after tax, £m
2020H1                    9.6                                           2                             1.7                       £1.8m
2019H1                    21                                           13                          58.8                     £4.2m
2018H1                    17                                           10                          50.5                        £3.6m
2017H1 27 8 61.5 £5.8m
Yearend 31 August        
2020 my estimate 11.7                                          4                             90                                2.5
2019                      43.27                                        25                            120                             8.4
2018                       45.63                                        23                            106                             9.6
2017                      47.46                                        19                             115                             10.0
2016                       50.3                                         15                             121                             10.8
2015                       48.56                                       11                               99                             10.2
2014                       27.66                                         7.25                          98                               5.9
2013                         3.05                                         6.6                            67                               0.7
2012                        25.58                                        6.6                            75                              5.8
2011                        28.47                                        6.0                            95                              6.8
​Cyclically adjusted price earnings ratio
Average EPS over 10 years (including EPS estimated for 2020) = 33.1p
The CAPE, using average earnings per share over ten years in the denominator, is 252p/33.1p = 7.6.  This is significantly below the market average of around 14.
Let’s be pessimistic and assume a loss of one-third of profits compared with the average over the five years to August 2019 (47p per share) because of the loss of the Peppa Pig plastic toy range and the after effects of the COVID-19 crisis.
Then the future annual earnings per share will be 31p.
That would put the shares on an earnings yield of 31p/252p = 12.3%, which is prett………………To read more subscribe to my premium newsletter Deep Value Shares – click here http://newsletters.advfn.com/deepvalueshares/subscribe-1
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    Prof. Glen Arnold

    I'm a full-time investor running my portfolio from peaceful Leicestershire countryside. I also happen to be UK´s best selling investment book author and a Financial Times Best selling author.

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  • About
  • Newsletter
  • Books
    • My Books
    • Other Books
  • Blog
  • Portfolio
    • Buffett-style
    • Modified price earnings ratio
    • Net Current Asset Value
  • Resources
    • glossary of investment terms >
      • A - B
      • C
      • D - E
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    • TOP 10 TIPS FOR INVESTORS