Latham (james) (LTHM)

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Company name:	Latham (james) Plc
EPIC:	LTHM	Trading Currency:	GBX
Market Sector:	AIMP	ISIN:	GB00B04NP100
Market Segment:	ASX1	Share Type:	DE
WWW Address:	http://www.lathamtimber.co.uk/	Description:	ORD 25P
Industry Sector:	SUPPORT SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
1,250.00	0.0 [0.00]	1,220.00	1,280.00	1,250.00	1,250.00	1,250.00	992
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
248.76	19.90	0.15	75.40	21.20	16.58	1.70	1,370.00 - 865.00

Latham (james) Key Figures

(at previous day's close)
Market Cap.	248.76	m
Shares In Issue	19.90	m
Prev. Close	1,250.00
PE Ratio	16.58
Dividend Yield	1.70	%
EPS - basic	75.40	p
Dividend PS	21.20	p
Dividend Cover	3.56
Cash Flow PS	91.11	p
Return On Equity (ROE)	12.30	%
Operating Margin	7.43	%
PEG Factor	0.85
EPS Growth Rate	19.49	%
Dividends PS Growth Rate	36.77	%
Net Debt	16.92	m
Gross Gearing	27.21	%
Quick Assets	77.16	m
Net Working Capital	89.53	m
Intangibles / Fixed Assets	6.03	%
Turnover PS	1,257.04	p
Pre-Tax Profit PS	93.45	p
Retained Profit PS	59.60	p
Cash PS	143.80	p
Net Cash PS	-36.51	p
Net Tangible Asset Value PS *	599.42	p
Net Asset Value PS	612.12	p
Spread	60.00 (4.69%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Latham (james) Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	1,305.00	1,220.00
4 weeks	1,305.00	1,220.00
12 weeks	1,320.00	1,215.00
1 year	1,370.00	865.00

Share Price Chart (5 years)

Latham (james) Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,305.00	-55.00	-4.21	1,220.00	0.01		1,230.30
4 weeks	1,280.00	-30.00	-2.34	1,220.00	0.01		1,286.14
12 weeks	1,255.00	-5.00	-0.40	1,215.00	0.01		1,270.45
26 weeks	1,290.00	-40.00	-3.10	1,055.00	0.01		1,239.85
1 year	890.00	360.00	40.45	865.00	0.01		1,137.68
3 years	685.00	565.00	82.48	517.00	0.01		970.84
5 years	807.50	442.50	54.80	517.00	0.01		881.60
† periods calculated are whole weeks rather than calendar months

Latham (james) Key Management Ratios

Latham (james) Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	4.03
PE Ratio	16.58
Tobin's Q Ratio	1.55
Tobin's Q Ratio (excl. intangibles)	1.60
Dividend Yield	1.70	%
Market-to-Book Ratio	2.04
Price-to-Pre-Tax Profit PS	13.38
Price-to-Retained Profit PS	20.97
Price-to-Cash Flow PS	13.72
Price-to-Sales PS	0.99
Price-to-Net Tangible Asset Value PS	2.09
Price-to-Cash PS	8.69
Net Working Capital PS	449.90
Price Pct to Working Capital PS	2.78	%
Earnings Yield	6.03	%
Average PE	12.15
Years in average	5
PE to PE average	136.47	%

Latham (james) Financial Ratios

(Leverage Ratios)
Debt Ratio	7.34	%
Debt-to-Equity Ratio	0.08
Debt-to-Equity Ratio (excl. Intgbl)	0.08
Debt-to-Equity Market Value	0.04
Net Gearing	10.11	%
Net Gearing (excl. Intangibles)	10.26	%
Gross Gearing	27.21	%
Gross Gearing (excl. Intangibles)	27.63	%
Gearing Under 1 Year	21.44	%
Gearing Under 1 Year (excl. Intgbl)	21.77	%
Assets/Equity	1.37
Cash/Equity	23.49
(Liquidity Ratios)
Net Working Capital to Total Assets	53.50	%
Current Ratio	3.50
Quick Ratio (Acid Test)	2.15
Liquidity Ratio	0.80
Cash & Equiv/Current Assets	22.82	%
(Solvency Ratios)
Enterprise Value	229.79	m
CFO/Sales	0.07
CFO/Attributable Profit	1.21
CFO/Assets	0.11
CFO/Debt	0.40
Total Debt/Equity Market Value	0.18
Total Debt/Sales	0.18
Total Debt/Pre-Tax Profit	2.45
Total Debt	45.53	m
Total Debt/Net Current Assets	0.51	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	6.12	%
5 yr Compound Earnings Growth	6.13	%
10 yr Compound Earnings Growth	8.98	%
Earn drops > 5% in 10yrs	9

Beta (60-Mnth)	Beta (36-Mnth)
0.1529	0.2911

Latham (james) Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	14.15	%
Return On Assets (ROA)	9.32	%
Net Profit Margin	5.99	%
Assets Turnover	1.56
Return On Equity (ROE)	12.30	%
Return On Investment (ROI)	11.72	%
Dividend Payout Ratio	28.12	%
Plowback Ratio	71.88	%
Growth from Plowback Ratio	9.53	%
Net Income Of Revenues	4.74	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	2.21
Fixed Assets Turnover	5.85
Current Assets Turnover	2.12
Net Working Capital Turnover
Inventory Turnover	5.41
(Other Operating Ratios)
Total Assets-to-Sales	0.64
Debtors-to-Sales	19.56	%
Debt Collection Period	71.38	Days

Latham (james) Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
25 Nov 2021	Interim	GBX	6.50	30/03/2021	30/09/2021	16/12/2021	17/12/2021	21/01/2022	-
24 Jun 2021	Final	GBX	15.50	31/03/2020	31/03/2021	05/08/2021	06/08/2021	27/08/2021	21.20
25 Nov 2020	Interim	GBX	5.70	30/03/2020	30/09/2020	31/12/2020	04/01/2021	29/01/2021	-
01 Jul 2020	Final	GBX	10.00	31/03/2019	31/03/2020	06/08/2020	07/08/2020	04/09/2020	15.50
28 Nov 2019	Interim	GBX	5.50	30/03/2019	30/09/2019	02/01/2020	03/01/2020	24/01/2020	-
27 Jun 2019	Final	GBX	12.90	31/03/2018	31/03/2019	01/08/2019	02/08/2019	23/08/2019	17.90
29 Nov 2018	Interim	GBX	5.00	30/03/2018	30/09/2018	03/01/2019	04/01/2019	25/01/2019	-
28 Jun 2018	Final	GBX	12.10	31/03/2017	31/03/2018	02/08/2018	03/08/2018	24/08/2018	16.60
30 Nov 2017	Interim	GBX	4.50	30/03/2017	30/09/2017	04/01/2018	05/01/2018	26/01/2018	-
22 Jun 2017	Final	GBX	10.85	31/03/2016	31/03/2017	03/08/2017	04/08/2017	25/08/2017	15.35
24 Nov 2016	Interim	GBX	4.50	30/03/2016	30/09/2016	05/01/2017	06/01/2017	27/01/2017	-
23 Jun 2016	Final	GBX	10.30	31/03/2015	31/03/2016	04/08/2016	05/08/2016	26/08/2016	14.30
26 Nov 2015	Interim	GBX	4.00	30/03/2015	30/09/2015	07/01/2016	08/01/2016	29/01/2016	-
24 Jun 2015	Final	GBX	8.80	31/03/2014	31/03/2015	06/08/2015	07/08/2015	28/08/2015	12.50
27 Nov 2014	Interim	GBX	3.70	30/03/2014	30/09/2014	08/01/2015	09/01/2015	30/01/2015	-
26 Jun 2014	Final	GBX	8.00	31/03/2013	31/03/2014	30/07/2014	01/08/2014	22/08/2014	11.40
28 Nov 2013	Interim	GBX	3.40	30/03/2013	30/09/2013	08/01/2014	10/01/2014	31/01/2014	-
27 Jun 2013	Final	GBX	7.10	31/03/2012	31/03/2013	31/07/2013	02/08/2013	23/08/2013	10.20
29 Nov 2012	Interim	GBX	3.10	30/03/2012	30/09/2012	02/01/2013	04/01/2013	23/01/2013	-
21 Jun 2012	Final	GBX	6.75	31/03/2011	31/03/2012	01/08/2012	03/08/2012	24/08/2012	9.75
24 Nov 2011	Interim	GBX	3.00	30/03/2011	30/09/2011	04/01/2012	06/01/2012	25/01/2012	-
23 Jun 2011	Final	GBX	6.25	31/03/2010	31/03/2011	03/08/2011	05/08/2011	26/08/2011	9.25
25 Nov 2010	Interim	GBX	3.00	30/03/2010	30/09/2010	05/01/2011	07/01/2011	26/01/2011	-
29 Jun 2010	Final	GBX	5.25	31/03/2009	31/03/2010	04/08/2010	06/08/2010	27/08/2010	7.75
26 Nov 2009	Interim	GBX	2.50	30/03/2009	30/09/2009	30/12/2009	04/01/2010	22/01/2010	-
08 Jul 2009	Final	GBX	4.25	31/03/2008	31/03/2009	05/08/2009	07/08/2009	07/08/2009	6.25
27 Nov 2008	Interim	GBX	2.00	30/03/2008	30/09/2008	31/12/2008	05/01/2009	22/01/2009	-
26 Jun 2008	Final	GBX	6.10	31/03/2007	31/03/2008	30/07/2008	01/08/2008	29/08/2008	8.60
05 Dec 2007	Interim	GBX	2.50	30/03/2007	30/09/2007	02/01/2008	04/01/2008	24/01/2008	-
29 Jun 2007	Final	GBX	5.40	31/03/2006	31/03/2007	01/08/2007	03/08/2007	31/08/2007	7.40
24 Nov 2006	Interim	GBX	2.00	30/03/2006	30/09/2006	03/01/2007	05/01/2007	24/01/2007	-
27 Jun 2006	Final	GBX	4.40	31/03/2005	31/03/2006	19/07/2006	21/07/2006	21/08/2006	6.00
24 Nov 2005	Interim	GBX	1.60	30/03/2005	30/09/2005	04/01/2006	06/01/2006	25/01/2006	-
24 Nov 2005	Special	GBX	7.00	30/03/2005	30/09/2005	04/01/2006	06/01/2006	25/01/2006	-
27 Jun 2005	Final	GBX	3.70	31/03/2004	31/03/2005	13/07/2005	15/07/2005	13/08/2005	5.20
27 Jun 2005	Special	GBX	7.50	31/03/2004	31/03/2005	13/07/2005	15/07/2005	15/08/2005	-
07 Dec 2004	Interim	GBX	6.00	30/03/2004	30/09/2004	05/01/2005	07/01/2005	26/01/2005	-
25 Jun 2004	Final	GBX	12.50	31/03/2003	31/03/2004	28/07/2004	30/07/2004	23/08/2004	4.50
20 Nov 2003	Interim	GBX	5.50	30/03/2003	30/09/2003	31/12/2003	05/01/2004	26/01/2004	-
27 Jun 2003	Final	GBX	11.00	31/03/2002	31/03/2003	23/07/2003	25/07/2003	26/08/2003	4.06
21 Nov 2002	Interim	GBX	5.25	30/03/2002	30/09/2002	02/01/2003	06/01/2003	27/01/2003	-
20 Jun 2002	Final	GBX	11.00	31/03/2001	31/03/2002	17/06/2002	19/06/2002	20/08/2002	4.00
21 Nov 2001	Interim	GBX	5.00	30/03/2001	30/09/2001	02/01/2002	04/01/2002	28/01/2002	-
14 Jun 2001	Final	GBX	10.00	31/03/2000	31/03/2001	11/07/2001	13/07/2001	14/08/2001	3.63
23 Nov 2000	Interim	GBX	4.50	30/03/2000	30/09/2000	02/01/2001	08/01/2001	29/01/2001	-
16 Jun 2000	Final	GBX	8.50	31/03/1999	31/03/2000	10/07/2000	14/07/2000	15/08/2000	3.13
25 Nov 1999	Interim	GBX	4.00	30/03/1999	30/09/1999	29/12/1999	06/01/2000	28/01/2000	-
27 Nov 1998	Interim	GBX	3.50	30/03/1998	30/09/1998	04/01/1999	08/01/1999	05/02/1999	-
19 Jun 1998	Final	GBX	6.50	31/03/1997	31/03/1998	06/07/1998	10/07/1998	11/08/1998	2.50

Latham (james) Fundamentals

	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)
turnover	214.92	100.00%	235.13	100.00%	247.10	100.00%	250.16	100.00%	m
pre tax profit	15.22	7.08%	15.36	6.53%	15.66	6.34%	18.60	7.43%	m
attributable profit	12.65	5.88%	12.42	5.28%	12.48	5.05%	14.98	5.99%	m
retained profit	9.63	4.48%	9.06	3.85%	8.85	3.58%	11.86	4.74%	m
eps - basic (p)	64.40		63.10		63.10		75.40
eps - diluted (p)	64.10		63.00		63.00		75.20
dividends per share	16.60		17.90		15.50		21.20

Latham (james) Balance Sheet

	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)


	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)
ASSETS
fixed assets	33.83	25.68%	34.16	24.62%	35.95	23.33%	39.41	23.55%	m
intangibles	0.24	0.18%	2.51	1.81%	7.59	4.93%	2.53	1.51%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	0.64	0.48%	-	-%	-	-%	-	-%	m
stocks	40.07	30.41%	42.35	30.52%	44.29	28.74%	48.26	28.84%	m
debtors	43.00	32.63%	44.19	31.85%	49.30	32.00%	48.54	29.00%	m
cash & securities	13.99	10.62%	15.54	11.20%	16.95	11.00%	28.62	17.10%	m

TOTAL	131.76	100%	138.75	100%	154.08	100%	167.35	100%	m

LIABILITIES
creditors - short	29.94	22.72%	28.31	20.40%	29.86	19.38%	35.88	21.44%	m
creditors - long	12.03	9.13%	12.49	9.00%	19.94	12.94%	9.65	5.77%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	41.97	31.86%	40.79	29.40%	49.81	32.32%	45.53	27.21%	m

EQUITY
ord cap, reserves	89.79	68.14%	97.96	70.60%	104.28	67.68%	121.82	72.79%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	89.79	68.14%	97.96	70.60%	104.28	67.68%	121.82	72.79%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Latham (james) Cash Flow Statement

	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)	31 Mar 2021 (GBP)
Operating CF	8.45	7.61	9.67	18.13	m
Pre-Financing CF	-0.16	5.46	5.44	16.18	m
Retained CF	-3.26	1.55	1.41	11.67	m

Latham (james) Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC