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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.£648.6m
Last close330.50p
High / Low (52 weeks)384.0p / 288.0p
Stock market listingLN
Forecast net debt (£m)184.6
Forecast gearing ratio (%)44
SectorConstruction & Building Materials

Price performance

Relative *3.74.4(10.1)

* % Relative to local index

Other companies in sector Show

Company news

Investment summary

FY18 to date has been in line with management’s full-year expectations, building on the good financial progress delivered in FY17. We believe the competitive position in all three divisions continues to be enhanced via investment and, including post-year end acquisitions of Ashland Hardware and Zoo Hardware, we anticipate further profit growth in FY18 and beyond. There is little appreciation of overseas earnings exposure or the significant strategic strides taken in the current share price, in our view.

Last updated on 31/05/2018

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 457.6 82.5 62.1 25.3 13.1 7.2
2017A 522.7 91.7 68.3 26.7 12.4 8.7
2018E 568.9 102.6 75.8 28.7 11.5 7.6
2019E 599.8 113.2 84.8 31.7 10.4 6.3

Last updated on 01/06/2018

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 27/04/2018

Key management

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

Company address

65 Buckingham Gate
United Kingdom
020 7976 8000
View website