Information on Safestyle

The Safestyle business commenced trading in January 1993 and was originally formed to provide mortgages for right-to-buy council tenants. Soon after being founded, Safestyle started to move into the installation of replacement windows and doors and become focused on the UK homeowner retail replacement market.

By 2012, the Directors believe that Safestyle had become a well-known national operator with 10 installation depots and 29 sales offices throughout the country, facilitating more than 50,000 installations that year.

Market

Safestyle's market share in the UK homeowner replacement windows and doors market has increased from 4.4 per cent in December 2007 to 7.5 per cent in December 2012, in a market that has declined 35 per cent from its 2007 highpoint.

Assuming a replacement cycle of 20 years for double glazed windows and doors, the potential market is approximately £2.4bn per annum, against a current market of £1.8bn per annum.

http://www.investegate.co.uk/safestyle-uk-plc--sfe-/rns/first-day-of-dealings/201312110700062103V/

FUNDIES

Safestyle UK PLC

FORECASTS

2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Edison
11-12-13 None 14.50 13.90 5.00 15.00 14.40 8.00

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 14.50 13.90 5.00 15.00 14.40 8.00
1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 0.00 0.00 0.00 0.00 0.00 0.00

GROWTH
2012 (A) 2013 (E) 2014 (E)
norm. EPS 49.89% 54.75% 3.60%
DPS % % 60.00%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £10.37m £15.50m £16.20m
EBIT £9.51m £m £m
Dividend Yield 0.00% 3.42% 5.48%
Dividend Cover x 2.78x 1.80x
PER 16.26x 10.50x 10.14x
PEG 0.33f 0.19f 2.82f
Net Asset Value PS 2.74p p p

A forward P/E of just over 10 whilst all other building related companys are on very high multiples looks very tempting.

GF there is already a fairly new thread for this .

ehhhhhh couldnt find it when I put the epic in.

Just hold on....

Yep spot on. Must have put wrong epic in box.

THREAD CLOSED>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

That's war now lol. Don't worry lol