FTSE COMPANY REPORT Share price analysis relative to sector and index performance

Data as at: 23 January 2020 Carpetright CPR General Retailers — GBP 0.04955 at close 23 January 2020

Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 23-Jan-2020 23-Jan-2020 23-Jan-2020

0.35 160 160 1D WTD MTD YTD Absolute 0.0 0.7 -0.5 -0.5 140 140 0.3 Rel.Sector 0.9 1.6 2.4 2.4 Rel.Market 0.9 2.8 0.1 0.1 120 120 0.25 100 100 VALUATION 0.2 80 80 Trailing

0.15

RelativePrice RelativePrice 60 60 PE -ve

Absolute(localPrice currency) 0.1 40 40 EV/EBITDA 19.3 PB 0.3 0.05 20 20 PCF -ve 0 0 0 Div Yield 0.0 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020 Price/Sales 0.0 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.9

100 100 100 Div Payout 0.0 90 90 90 ROE -ve

80 80 80

70 70 Index) Share 70

Share Sector) Share

- - 60 60 60 DESCRIPTION 50 50 50 The Company are retailers of floorcoverings and 40 40 40

RSI RSI (Absolute) beds.

30 30 30 20 20 20

10 10 10

RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 0 0 0 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020

See final page and http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm for further details.

Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Carpetright 23 January 2020

Valuation Metrics

Price to Earnings (PE) EV to EBITDA Price to Book (PB)

31-Dec-2019 31-Dec-2019 31-Dec-2019 100 ‖ ‖ ‖ 100 ‖ ‖ 7 90 6 80 80 +1SD 5 70 +1SD 60 60 4 50 Avg 40 40 3 Avg +1SD 30 2 20 20 Avg 1 -1SD -1SD 10 0 ‖ ‖ ‖ 0 0 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019

Marks & Spencer Group 120.0 Just Eat 32.3 Next 16.9 Just Eat 68.8 Carpetright 19.3 WH Smith 12.7 Inchcape 58.8 JD Sports Fashion 16.9 12.6 Pets At Home Group 45.8 WH Smith 15.9 Motorpoint Group 9.2 General Retailers 38.2 B&M European Value Retail 15.3 JD Sports Fashion 8.1 DFS Furniture 33.9 General Retailers 8.3 General Retailers 2.2 Carpetright -0.7 Dixons Carphone Pendragon -3.6 3.9 0.6 Saga -3.7 Saga 3.7 Saga 0.6 Dixons Carphone -5.2 Lookers 3.3 Lookers 0.5 Brown (N.) Group -7.9 Pendragon 2.3 Pendragon 0.5 AO World -24.7 AO World 0.0 Carpetright 0.3 -40 -20 0 20 40 60 80 100 120 140 0 5 10 15 20 25 30 35 0 2 4 6 8 10 12 14 16 18

Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS)

31-Dec-2019 31-Dec-2019 31-Dec-2019 50 1 1 0.9 0.9 40 0.8 0.8 0.7 0.7 30 0.6 0.6 +1SD +1SD 0.5 0.5 20 Avg 0.4 0.4 0.3 0.3 Avg 10 -1SD 0.2 0.2 0.1 0.1 -1SD 0 ‖ ‖ 0 0 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019

Just Eat 36.1 Pendragon 11.6 Just Eat 7.3 JD Sports Fashion 21.5 Halfords Group 11.0 Next 2.2 B&M European Value Retail 21.4 Saga 7.5 WH Smith 2.1 WH Smith 20.1 Lookers 7.4 Dunelm Group 2.1 Studio Retail Group 19.7 Card Factory 6.3 JD Sports Fashion 1.7 General Retailers 10.7 General Retailers 2.9 General Retailers 0.6 Lookers 3.9 Studio Retail Group 0.0 Motorpoint Group 0.3 Pendragon 3.5 Just Eat 0.0 Dixons Carphone 0.2 Carpetright -0.6 0.0 Lookers 0.0 Brown (N.) Group -8.8 Carpetright 0.0 Pendragon 0.0 AO World -12.2 AO World 0.0 Carpetright 0.0 -20 -10 0 10 20 30 40 0 2 4 6 8 10 12 14 0 1 2 3 4 5 6 7 8 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing.

2 of 4 FTSE COMPANY REPORT: Carpetright 23 January 2020

Valuation Metrics

Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE)

31-Dec-2019 31-Dec-2019 31-Dec-2019 3.5 1 20 0.9 3 0.8 15 2.5 0.7 +1SD 0.6 2 +1SD 0.5 10 1.5 0.4 Avg 1 0.3 Avg 5 0.2 0.5 0.1 -1SD 0 0 0 ‖ ‖ ‖ ‖ Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019

Dignity 8.5 Marks & Spencer Group 100.0 Next 50.0 Studio Retail Group 6.2 Inchcape 100.0 Motorpoint Group 50.0 Motorpoint Group 2.8 DFS Furniture 100.0 Dunelm Group 50.0 Next 2.4 Pets At Home Group 100.0 Dignity 50.0 General Retailers Brown (N.) Group 1.6 100.0 Studio Retail Group 50.0 Carpetright 0.9 Kingfisher 100.0 General Retailers 5.6 General Retailers 0.4 Studio Retail Group 0.0 Pendragon Pets At Home Group 0.2 Carpetright 0.0 -13.1 Dixons Carphone 0.1 Dixons Carphone 0.0 Saga -14.8 Just Eat 0.1 Saga 0.0 Brown (N.) Group -15.1 JD Sports Fashion 0.1 Brown (N.) Group 0.0 AO World -20.7 Kingfisher 0.0 Pendragon 0.0 Carpetright -50.0 0 1 2 3 4 5 6 7 8 9 0 20 40 60 80 100 120 -60 -40 -20 0 20 40 60

ROE vs. PB — sector Du Pont Analysis

18 7 16

16 NXT 6 14

14 5 12

DNLMSMWH 12 4 10

10 3 8 PB MOTR

8 JD. 2 6 JE. 6 1 4 AO. TPT DTYSTU 4 BME VVO 0 2 DFS 2 INCH General FRASRetailer CARD BWNGMKS PETS -1 ‖ 0 DC.PDGSAGA KGF HFDLOOK 2015 2016 2017 2018 2019 0 CPR 0 10 20 30 40 50 60 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing.

3 of 4 FTSE COMPANY REPORT: Carpetright 23 January 2020

Brief description Brief description

Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation). EV is full company Market Capitalisation at the data date corresponding sector of the FTSE All Share Index for up to 366 days, rebased to the start plus last annual net debt and Preferred Stock. Net Debt is total financial debt less cash date. Note that the stock itself may not be a FTSE All share constituent. Relative Chart and short-term investments. EBITDA is operating income plus depreciation and may be null if there are no stocks in the corresponding FTSE UK All Share sector. amortisation. RSI Relative Strength Index. Calculated as 100 minus (100 divided by (1+ratio of positive Dividend Yield % Dividend Yield reflects the dividend declared per share and/or paid for the security in versus negative time weighted returns)). Reflects 14 day average gains/losses question for the most recent fiscal year, divided by the share price. Valuation History Outlier valuation data is not shown to scale as these would distort the chart. Instead, ∥ Return on Equity Return on Equity is net income over average common equity. Not calculated if Charts denotes valuation data which falls outside display truncation limits. (RoE) denominator (average common equity) is negative Top/Bottom Reflect data for up to five top and five bottom performers for the valuation metric in Dividend Payout Total dividends divided by Net Income expressed as a percentage. Valuation Bar question. Note data may be limited to the stock in question if there are currently no Charts stocks in the corresponding FTSE UK All Share sector. Net Margin Net Margin is Net Income divided by sales. A guide to the report is available at http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm.

Carpetri ght 23 January 2020 For further information visit www.ftse.com, email [email protected] or call your local FTSE office:

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