Portmeirion (PMP) AI Stock Analysis

• Market Cap: £18.13M
• Dividend Yield: 2.66%
• Average Volume (3M): 13.47K
• Price to Earnings (P/E): 52.6
• Beta (1Y): 0.15
• Revenue Growth: -11.22%
• EPS Growth: N/A
• Country: UK
• Employees: 659
• Sector: Consumer Cyclical
• Sector Strength: 72
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 0.22
• Shares Outstanding: 14,021,454
• 10 Day Avg. Volume: 8,177
• 30 Day Avg. Volume: 13,466
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £147.00
• Price Target Upside: 11.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: 130.00p ▼(-1.14% Downside)

Portmeirion's overall stock score reflects significant challenges. The primary concerns are the mixed financial performance, especially in terms of cash flow and income volatility, and the bearish technical indicators. Additionally, the high P/E ratio suggests the stock may be overvalued. These factors, combined with a lack of positive earnings or corporate event catalysts, weigh heavily on the stock's outlook.

Portmeirion Business Overview & Revenue Model

Company Description

Portmeirion Group PLC (PMP) is a British company renowned for its design and manufacture of high-quality homeware and tableware products. The company operates primarily in the sectors of ceramics, glassware, and home fragrance, producing a wide array of products under well-known brands such as Portmeirion, Spode, Royal Worcester, Pimpernel, and Wax Lyrical. Portmeirion's products are distinguished by their unique designs and are distributed globally, serving both retail and wholesale markets.

How the Company Makes Money

Portmeirion generates revenue through the sale of its products across various channels, including direct-to-consumer sales via its online platforms and physical stores, as well as through wholesalers and retailers worldwide. The company benefits from a vertically integrated business model, overseeing the design, manufacture, and distribution of its products. Additionally, strategic partnerships with retailers and designers enhance its market reach and brand visibility. Portmeirion also capitalizes on seasonal sales peaks, such as during holidays, which significantly contribute to its earnings. Licensing agreements for its brands further augment revenue by allowing third parties to use its designs in exchange for royalties.

Portmeirion Financial Statement Overview

Summary

Portmeirion exhibits mixed financial health. The income statement and cash flow metrics reveal volatility and potential liquidity concerns. However, the balance sheet remains relatively strong with a robust equity ratio but increased leverage risk.

Income Statement

The company has experienced volatility in its revenue growth, with a noticeable decline in the most recent year. Gross and net profit margins have also been under pressure, with the net profit margin turning negative in 2023 and slightly recovering in 2024. The EBIT and EBITDA margins have shown fluctuations, indicating potential operational challenges. These factors suggest moderate performance with potential risks in profitability and revenue generation.

Balance Sheet

Portmeirion has maintained a stable equity base, although the debt-to-equity ratio has increased, indicating a higher leverage position. The return on equity has been inconsistent, reflecting the company's fluctuating profitability. However, the equity ratio remains healthy, suggesting a solid asset base relative to equity. Overall, the balance sheet shows resilience but with increased leverage risk.

Cash Flow

The company's cash flow generation has been unstable, with operating cash flow significantly declining in the latest period. Free cash flow has also turned negative, indicating potential liquidity challenges. The ratios of operating and free cash flow to net income highlight inefficiencies in cash conversion from earnings. These factors point to challenges in cash flow sustainability and liquidity management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.21M	102.74M	110.82M	106.02M	87.85M
Gross Profit	48.77M	56.70M	62.53M	59.66M	46.04M
EBITDA	6.32M	-2.31M	12.43M	10.80M	5.10M
Net Income	344.00K	-8.46M	5.55M	3.24M	-735.00K
Balance Sheet
Total Assets	102.39M	88.65M	104.50M	94.57M	89.93M
Cash, Cash Equivalents and Short-Term Investments	10.90M	888.00K	1.68M	7.62M	11.59M
Total Debt	29.92M	16.62M	18.12M	13.77M	18.16M
Total Liabilities	46.83M	33.66M	37.82M	32.62M	34.22M
Stockholders Equity	55.56M	54.99M	66.68M	61.95M	55.71M
Cash Flow
Free Cash Flow	-1.63M	6.67M	-6.27M	1.15M	4.45M
Operating Cash Flow	6.00K	9.60M	-240.00K	6.50M	7.20M
Investing Cash Flow	-1.64M	-2.92M	-6.58M	-4.56M	-3.28M
Financing Cash Flow	11.65M	-7.38M	670.00K	-5.93M	6.52M

Portmeirion Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 131.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PMP, the sentiment is Negative. The current price of 131.5 is below the 20-day moving average (MA) of 134.00, below the 50-day MA of 140.56, and below the 200-day MA of 167.38, indicating a bearish trend. The MACD of -2.84 indicates Negative momentum. The RSI at 36.06 is Neutral, neither overbought nor oversold. The STOCH value of 55.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PMP.

Portmeirion Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ULTP	73 Outperform	£46.51M	6.75	14.20%	11.68%	-7.42%	-42.84%
CFX	73 Outperform	£49.79M	7.84	19.42%	0.53%	2.96%	9.77%
LIKE	68 Neutral	£65.93M	84.38	1.96%	1.47%	7.35%	-11.43%
Sector *	63 Neutral	£1.76B	11.16	4.65%	3.22%	0.46%	-42.11%
SDG	60 Neutral	£37.51M	6.71	-19.63%	2.80%	-7.59%	-284.80%
PMP	47 Neutral	£18.13M	52.60	0.62%	2.66%	-11.22%	―

Portmeirion Corporate Events

Portmeirion Group Reports Sales Growth Amid US Tariff Challenges

Portmeirion Group PLC reported a 2.8% increase in sales at constant currency for the first half of 2025, with a notable 10.8% growth excluding the USA. The company faced significant challenges due to US import tariffs, prompting strategic adjustments such as accelerating its UK onshoring initiative and revising its US sales strategy. Despite these challenges, the company saw strong growth in South Korea and international markets, with Wax Lyrical performing well in the UK. The company is optimistic about modest sales growth in the second half of the year, driven by improvements in South Korea and international markets, while maintaining a cautious outlook for the US market.

Portmeirion Executives Exercise Share Options

Portmeirion Group PLC announced that several executive directors and senior employees exercised options over Ordinary Shares as part of the 2018 Deferred Incentive Share Option Plan. This transaction involved the transfer of 27,649 Ordinary Shares from treasury, impacting the total number of shares with voting rights. This exercise of options reflects internal movements within the company and may influence shareholder calculations under the FCA’s Disclosure and Transparency Rules.