As of May 22, 2025, Tyman PLC has a Discounted Cash Flow (DCF) derived fair value of $263.20 per share. With the current market price at $398.00, this represents a potential upside of -33.9%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $258.38 |
| DCF Fair Value (10-year) | $263.20 |
| Potential Upside (5-year) | -35.1% |
| Potential Upside (10-year) | -33.9% |
| Discount Rate (WACC) | 7.5% - 9.8% |
Revenue is projected to grow from $658 million in 12-2023 to $929 million by 12-2033, representing a compound annual growth rate of approximately 3.5%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2023 | 658 | 8% |
| 12-2024 | 690 | 5% |
| 12-2025 | 724 | 5% |
| 12-2026 | 738 | 2% |
| 12-2027 | 761 | 3% |
| 12-2028 | 790 | 4% |
| 12-2029 | 805 | 2% |
| 12-2030 | 828 | 3% |
| 12-2031 | 850 | 3% |
| 12-2032 | 911 | 7% |
| 12-2033 | 929 | 2% |
Net profit margin is expected to improve from 6% in 12-2023 to 6% by 12-2033, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2023 | 38 | 6% |
| 12-2024 | 40 | 6% |
| 12-2025 | 42 | 6% |
| 12-2026 | 43 | 6% |
| 12-2027 | 44 | 6% |
| 12-2028 | 46 | 6% |
| 12-2029 | 47 | 6% |
| 12-2030 | 48 | 6% |
| 12-2031 | 50 | 6% |
| 12-2032 | 53 | 6% |
| 12-2033 | 54 | 6% |
with a 5-year average of $16 million. Projected CapEx is expected to maintain at approximately 3% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2024 | 18 |
| 12-2025 | 19 |
| 12-2026 | 19 |
| 12-2027 | 18 |
| 12-2028 | 19 |
| 12-2029 | 19 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 37 |
| Days Inventory | 110 |
| Days Payables | 16 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2024 | 81 | 12 | 18 | 60 | (9) |
| 2025 | 85 | 13 | 18 | (3) | 57 |
| 2026 | 86 | 13 | 19 | (7) | 61 |
| 2027 | 87 | 13 | 19 | 17 | 37 |
| 2028 | 91 | 14 | 20 | 3 | 54 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 258.38 | -35.1% |
| 10-Year DCF (Growth) | 263.20 | -33.9% |
| 5-Year DCF (EBITDA) | 230.35 | -42.1% |
| 10-Year DCF (EBITDA) | 252.77 | -36.5% |
Is Tyman PLC (TYMN.L) a buy or a sell? Tyman PLC is definitely a sell. Based on our DCF analysis, Tyman PLC (TYMN.L) appears to be overvalued with upside potential of -33.9%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $398.00.