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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Glen ArnoldI'm a full-time investor running my portfolio. I invest other people's money into the same shares I hold under the Managed Portfolio Service at Henry Spain. Each of my client's individual accounts is invested in roughly the same proportions as my "Model Portfolio" for which we charge 1.2% + VAT per year. If you would like to join us contact Jackie.Tran@henryspain.co.uk investing is about making the right decisions, not many decisions.
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