Tyman (TYMN)

Business description

Tyman’s product portfolio substantially addresses the residential RMI and building markets with increasing commercial sector exposure following acquisitions. It manufactures and sources window and door hardware and seals, reporting in three divisions.

Stock data

Market cap.£578.6m
Last close295.50p
High / Low (52 weeks)384.0p / 292.5p
Stock market listingLN
Forecast net debt (£m)170.3
Forecast gearing ratio (%)47
SectorConstruction & Building Materials

Price performance

Relative *(6.5)(10.5)(0.2)

* % Relative to local index

Other companies in sector Show

Company news

Tyman slides after lowering full-year profit expectations

Tue, 07 Nov 2017 10:03:43 GMT

US acquisition opens doors for Tyman

Wed, 08 Mar 2017 10:25:33 GMT

ERA owner Tyman says latest acquisition integrating well

Fri, 13 May 2016 10:42:13 GMT

Tyman PLC buys Italian door and window hardware firm

Tue, 08 Mar 2016 09:42:41 GMT

Tyman plc is a stock I'd buy and hold forever

Tue, 25 Jul 2017 09:22:30 GMT

Investment summary

FY18 guidance was trimmed in November due to the combined effect of higher input costs and challenges at AmesburyTruth’s (AT) Juarez site. In our view, AT sacrificed some margin in the light of direct cost overruns at Juarez as this expanded facility ramped up volumes. Demand conditions generally have been in line with previous commentary and ERA and Schlegel International appear to have performed at least in line with their respective markets. These regions also experienced higher input costs but may have been in a better position to absorb them. We reduced underlying FY17 PBT estimates and updated £/U$ assumptions with an adverse translation effect on US earnings. Growing pains at Juarez do not undermine the remainder of AT’s North American footprint project, which is in full swing. FY17 results are scheduled for 6 March.

Last updated on 02/03/2018

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 353.4 60.4 44.9 19.2 15.4 10.2
2016A 457.6 82.5 62.1 25.3 11.7 6.4
2017E 524.5 90.9 68.1 26.0 11.4 7.5
2018E 528.2 96.9 73.6 28.1 10.5 5.8

Last updated on 15/02/2018

Latest video

Analyst Interview - Tyman

Industry outlook

Leading markets are expected to grow modestly and the new-build sector has generally continued to be firmer than RMI spend, which has been more patchy.

Last updated on 02/03/2018

Key management

Martin Towers, Chairman
Louis Eperjesi, CEO
James Brotherton, CFO

Company address

65 Buckingham Gate
United Kingdom
020 7976 8000
View website