In the near term, Tyman’s new management team is tasked with rectifying production-related issues in North America that have caused us to reduce our earnings estimates in all three forecast years. A strategy update is scheduled for mid-2020 and a reduced target gearing range perhaps suggests greater focus on internal/organic performance for the time being. Tyman’s rating is now sub 10x on a P/E basis with a prospective 6.1% dividend yield for the current year.
29 Aug 2019
Tyman - Focus on US fix ahead of setting a new agenda
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Tyman - Focus on US fix ahead of setting a new agenda
Tyman Plc (TYMN:LON) | 292 8.8 1.0% | Mkt Cap: 573.6m
- Published:
29 Aug 2019 -
Author:
Toby Thorrington -
Pages:
8
In the near term, Tyman’s new management team is tasked with rectifying production-related issues in North America that have caused us to reduce our earnings estimates in all three forecast years. A strategy update is scheduled for mid-2020 and a reduced target gearing range perhaps suggests greater focus on internal/organic performance for the time being. Tyman’s rating is now sub 10x on a P/E basis with a prospective 6.1% dividend yield for the current year.