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Companies >
UK >
Decoration & Furnishing >
Sanderson Design Group PLC >
Research >
In line update exposes oversold valuation on 40% discount to prior avg.

  • 06 Feb 2018

In line update exposes oversold valuation on 40% discount to prior avg.


Sanderson Design Group PLC (SDG:LON) | 103 1.5 1.5% | Mkt Cap: 73.1m


  • N+1 Singer
    • Matthew McEachran

    • 4 pages

Decoration & Furnishing image


 
Decoration & Furnishing image


Today’s year end update felt binary to us. Either performance would fall shy of downgraded expectations, and the recent market sell-off would have been well founded, or it would meet downgraded expectations – which would highlight the shares being significantly oversold. Given it is the latter, the question becomes how quickly and by how much the shares can re-rate. The 8.5x P/E (5.5x EV/EBITDA) equates to a 40% discount versus the group’s 5 year historical average. Recent underperformance means ....

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See all the research we have on this company.

In line update exposes oversold valuation on 40% discount to prior avg.


Sanderson Design Group PLC (SDG:LON) | 103 1.5 1.5% | Mkt Cap: 73.1m


  • Published: 06 Feb 2018
  • Author: Matthew McEachran
  • Pages: 4
  • N+1 Singer


Today’s year end update felt binary to us. Either performance would fall shy of downgraded expectations, and the recent market sell-off would have been well founded, or it would meet downgraded expectations – which would highlight the shares being significantly oversold. Given it is the latter, the question becomes how quickly and by how much the shares can re-rate. The 8.5x P/E (5.5x EV/EBITDA) equates to a 40% discount versus the group’s 5 year historical average. Recent underperformance means ....


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