Interface Inc. designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. It offers modular carpets under the Interface and FLOR brands; and carpet tiles under the GlasBacRE brand name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors. The company was founded in 1973 and is based in Atlanta, Georgia.
TILE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Interface Inc. To summarize, we found that Interface Inc ranked in the 76th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for TILE, they are:
Interest coverage, a measure of earnings relative to interest payments, is 0.7 -- which is good for besting just 24.79% of its peer stocks (US stocks in the Consumer Cyclical sector with positive cash flow).
41% of the company's capital comes from equity, which is greater than only 22.45% of stocks in our cash flow based forecasting set.
Interface Inc's effective tax rate, as measured by taxes paid relative to net income, is at 57 -- greater than 95.29% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
BBW, CMPR, RSTRF, AIN, and BERY can be thought of as valuation peers to TILE, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
How to Get Your Supply Chain to Embrace Circularity Companies can make progress toward building a circular system only so far on their own. To change your entire system, you need to engage your whole value chain and beyond to create a truly circular model. Succeeding in this arena often requires convincing suppliers to make shifts and identifying new suppliers that better align with your company’s circularity goals. In this webcast, Interface VP and CSO Erin Meezan will share how the modular flooring company employed multiple strategies to transform its supply chain, an evolution that was essential to the company’s Mission Zero success and led to a broader impact outside of Interface that extended to other companies. You will learn: How to support existing suppliers How to identify new ...
ATLANTA , May 21, 2020 /PRNewswire/ -- Interface ® , a worldwide commercial flooring company and global leader in sustainability, today announced that its luxury vinyl tile (LVT) products are now made with 39% pre-consumer recycled content. With this significant move, Interface has expanded the use of recycled content across its product portfolio, furthering its Climate Take Back™ mission to reverse global warming. The company marks this important milestone with the launch of its latest global resilient flooring product, Brushed Lines™. In addition, other Interface LVT products and collections, such as Level Set™, Studio Set™, Steady Stride™, and Criterion™, will now include this same recycled content as the company works toward implementing even more product sustainability advancements...
Interface, Inc. (Nasdaq: TILE), a worldwide modular flooring company and global leader in sustainability, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share, which represents a reduction in the quarterly dividend amount. The newly declared dividend is payable June 19, 2020 to shareholders of record as of June 5, 2020. Dan Hendrix, Chairman and CEO of Interface, commented, "The Board made the decision to reduce the dividend out of an abundance of caution to conserve cash during this period of COVID-19 restrictions and resulting economic impact. This decision will be revisited in subsequent periods and the Board intends to consider increasing the dividend in the future if economic conditions warrant."
Image source: The Motley Fool. Interface (NASDAQ: TILE)Q1 2020 Earnings CallMay 08, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by, and welcome to the Q1 2020 Interface, Inc.