EN DE

Topps Tiles Plc (TPT) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 67.7M GBX

TT Topps Tiles Plc TPT · LSE
Price£0.3550
Fair Value£0.7800
Upside+119.7%
Quality69/100
Watch Topps Tiles Plc for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 1.7% net margin
Moderate debt · generates free cash flow
9.01% dividend yield
Mixed vs. peers (8/14)
Moderate moat 48/100
Evidence: High Range £0.5000 – £1.15 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from £0.6700 to £0.7800 (+16.4%) since Jul 19, 2026. Share price +3.8% over the past month.

A solid business, screening 120% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£0.5000). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (£0.5000 to £1.15) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

£0.5389 £0.2647 Fair Value £0.7800 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range £0.2647 – £0.5389 · fair‑value band £0.5000 – £1.15 · the £0.3550 price screens below the £0.7800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Topps Tiles Plc (TPT) currently trades at £0.3550, while our model-based Fair Value estimate is £0.7800, implying the stock looks roughly 119.7% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Topps Tiles Plc generated revenue of £295M at a net margin of 1.7%. Revenue declined 0.2% year over year. It earns a return on equity of 127.4%. Net debt stands at £92.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from £0.5000 (bear case) to £1.15 (bull case); at £0.3550, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Consumer Cyclical peers we cover trades at -21% fair-value upside, at 120%, TPT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £0.8000 £1.03 £1.30 80
Residual Income £0.1200 £0.1600 £0.9700 76
Rev-Margin DCF £0.8300 £1.25 £1.72 74
All 26 models by family
DCF Models
FCF DCF £0.7900 £1.06 £1.38 38
Owner Earnings £0.7900 £1.06 £1.38 31
5Y Revenue Exit £0.8300 £1.25 £1.76 39
5Y EBITDA Exit £1.19 £1.91 £2.73 41
5Y P/E Exit £0.6200 £0.8600 £1.10 38
10Y Revenue Exit £0.7900 £1.12 £1.55 36
10Y EBITDA Exit £1.00 £1.51 £2.16 37
10Y P/E Exit £0.6900 £0.8900 £1.12 35
Earnings-Based
Graham-Dodd £0.2100 £0.5800 £0.7700 54
Lynch FV £0.1200 £0.1700 £0.2200 50
PEG = 1.0 £0.1200 £0.1700 £0.2200 46
EPV £0.6400 £0.7100 £0.7700 59
Dividend Discount
Gordon GGM £0.1400 £0.2300 £0.3000 70
DDM Multi-Stage £0.1400 £0.2000 £0.2500 61
Multiples
P/E Multiple £0.5000 £0.6700 £0.8400 63
P/S Multiple £0.3900 £0.5200 £0.6500 58
P/B Multiple £0.1200 £0.1600 £0.2000 55
EV/EBIT £1.34 £1.77 £2.20 53
EV/EBITDA £1.72 £2.28 £2.84 54
EV/Revenue £0.9100 £1.29 £1.66 43
Asset-Based
NCAV (Graham) £0.0200 £0.0300 £0.0400 50
Growth DCF
Growth DCF £0.8000 £1.03 £1.30 80
Rev-Margin DCF £0.8300 £1.25 £1.72 74
Economic Profit
Residual Income £0.1200 £0.1600 £0.9700 76
ROIC Compounder £0.6400 £0.7200 £0.7700 72
Growth Earnings
Growth-Adj P/E £0.4000 £0.5700 £0.7500 68

Widest divergence: DCF Models (£1.06) versus Asset-Based (£0.0300). Highest evidence: Growth DCF (80).

Notify me when TPT reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 295M GBX
Revenue growth (YoY) -0.2%
Net margin 1.7%
Return on equity 127%
Free cash flow 18.2M GBX FY2025
P/E ratio 11.8
More key figures
Operating margin 4.5%
EPS (TTM) £0.0300
Dividend yield 8.5%
EPS growth (YoY) -71.7%
Net debt 92.4M GBX FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 65 · Market factors (momentum, volatility) 39

Profitability 71
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom.

Full company description

Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom. The company engages in property management and investment activities; retail and wholesale of wood flooring products; and sale and distribution of architectural ceramics, as well as offers warehousing services. It also sells its products as an online specialist supplier of tiling-related consumables and equipment. Topps Tiles Plc was founded in 1963 and is headquartered in Leicester, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Topps Tiles Plc reported revenue of £296M in FY2025 versus £228M in FY2021, a compound +6.7%/yr. Reported net income was £6.0M in FY2025, compounding −13.4%/yr from FY2021.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£296M
Latest YoY
+17.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.9%
Avg. growth/yr (31Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.9%
Revenue +6.7%/yr
FY21 £228M
FY22 £247M
FY23 £263M
FY24 £252M
FY25 £296M
Net income −13.4%/yr
FY21 £10.6M
FY22 £9.0M
FY23 £3.2M
FY24 −£13.0M
FY25 £6.0M
Character of growth · EPS growth decomposed (2014-2025) −11.5 % p.a.
Revenue per share +3.2 pp

of which total revenue +3.4 pp · buybacks/dilution −0.1 pp

EBIT margin −6.6 pp
Tax rate −2.0 pp
Residual (interest, one-offs) −6.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch TPT: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Topps Tiles Plc Fair Value". https://www.fairvalue-calculator.com/stock/TPT

Peer Group

Home Improvement Retail · 36 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside +114% · Top 25%
Return on equity (TTM) 127% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 9.0% · Top 25%
Debt / equity 1.42× · Higher than 75% of peers

Valuation Multiples vs Home Improvement Retail median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than 75% of peers
P/B 11.87× · Pricier than 75% of peers
P/S (TTM) 0.31× · Cheaper than 75% of peers
P/FCF 5.0× · Pricier than median
EV/EBITDA 4.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 20
FUTURE 0 · sector 11
PAST 100 · sector 30
HEALTH 29 · sector 95
DIVIDEND 100 · sector 50

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Home Improvement Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Home Depot, Inc HD $354.48 $236.85 -33%
Lowe's Companies, Inc LOW $215.97 $186.32 -14%
Wesfarmers Limited WES A$88.48 A$50.50 -43%
Floor & Decor Holdings FND $59.33 $27.30 -54%
Mr D.I.Y. Group 5296 1.52 MYR 1.47 MYR -3%
Home Product Center Public Company HMPROR 6.70 THB 6.31 THB -6%
Siam Global House Public Company GLOBAL 7.50 THB 5.96 THB -21%
Dohome Public Company DOHOME 3.78 THB 2.75 THB -27%
Haverty Furniture Companies, Inc HVT $28.30 $22.53 -20%
Test-Rite International Co 2908 21.85 TWD 4.97 TWD -77%

Compare Topps Tiles Plc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Topps Tiles Plc (TPT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of £0.7800 versus a price of £0.3550, about +120% (undervalued).
What is the fair value of TPT?
Our model-based fair value for Topps Tiles Plc is £0.7800 (as of Aug 13, 2026), built from audited fundamentals. The current price is £0.3550.
What is the quality score of TPT?
Topps Tiles Plc has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Topps Tiles Plc (TPT)?
Topps Tiles Plc reported trailing-twelve-month revenue of about £295M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TPT?
The net profit margin of Topps Tiles Plc is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does Topps Tiles Plc pay a dividend?
Topps Tiles Plc currently shows a dividend yield of about 8.49% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Topps Tiles Plc and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.