Declared Dividend • Aug 05
First half dividend reduced to UK£0.03 Dividend of UK£0.03 is 50% lower than last year. Ex-date: 22nd October 2026 Payment date: 13th November 2026 Dividend yield will be 6.3%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (308% earnings payout ratio). However, it is covered by cash flows (83% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 242% to bring the payout ratio under control. EPS is expected to grow by 229% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. 공고 • Aug 05
FDM Group (Holdings) plc Declares Interim Dividend, Payable on 13 November 2026 FDM Group (Holdings) plc announced that on 31 July 2026, the Board declared an interim dividend of 3.0 pence per ordinary share (2025: 6.0 pence), which will be payable on 13 November 2026 to shareholders on the register on 23 October 2026. Reported Earnings • Aug 04
First half 2026 earnings released: EPS: UK£0.028 (vs UK£0.057 in 1H 2025) First half 2026 results: EPS: UK£0.028 (down from UK£0.057 in 1H 2025). Revenue: UK£78.6m (down 19% from 1H 2025). Net income: UK£3.06m (down 51% from 1H 2025). Profit margin: 3.9% (down from 6.4% in 1H 2025). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£1.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the IT industry in the United Kingdom. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.33 per share. Upcoming Dividend • May 28
Upcoming dividend of UK£0.04 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 26 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.9%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.5%). 공고 • May 23
FDM Group (Holdings) plc Approves Final Ordinary Dividend for the Year Ended 31 December 2025 FDM Group (Holdings) plc at its Annual General Meeting held on 21 May 2026 approved a final ordinary dividend for the year ended 31 December 2025 of 4.0 pence per share for each ordinary share in the capital of the company. Recent Insider Transactions • Apr 26
CFO & Executive Director recently bought UK£50k worth of stock On the 21st of April, Michael McLaren bought around 43k shares on-market at roughly UK£1.16 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to UK£1.17, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the IT industry in the United Kingdom. Total loss to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.15 per share. Price Target Changed • Apr 10
Price target decreased by 25% to UK£2.15 Down from UK£2.89, the current price target is an average from 4 analysts. New target price is 123% above last closing price of UK£0.96. Stock is down 57% over the past year. The company is forecast to post earnings per share of UK£0.08 for next year compared to UK£0.052 last year. Declared Dividend • Mar 20
First half dividend reduced to UK£0.04 Dividend of UK£0.04 is 68% lower than last year. Ex-date: 4th June 2026 Payment date: 26th June 2026 Dividend yield will be 9.0%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 45% to bring the payout ratio under control. EPS is expected to grow by 2.0% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. 공고 • Mar 19
FDM Group (Holdings) plc, Annual General Meeting, May 21, 2026 FDM Group (Holdings) plc, Annual General Meeting, May 21, 2026. Buy Or Sell Opportunity • Jan 28
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to UK£1.62. The fair value is estimated to be UK£1.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to decline by 18% in 2 years. Earnings are forecast to decline by 36% in the next 2 years. Buy Or Sell Opportunity • Jan 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to UK£1.26. The fair value is estimated to be UK£1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to decline by 17% in 2 years. Earnings are forecast to decline by 36% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.46, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the IT industry in the United Kingdom. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.61 per share. Upcoming Dividend • Oct 16
Upcoming dividend of UK£0.06 per share Eligible shareholders must have bought the stock before 23 October 2025. Payment date: 14 November 2025. The company is paying out more than 100% of its profits and is paying out 76% of its cash flow. Trailing yield: 14%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.1%). Major Estimate Revision • Aug 08
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£191.3m to UK£176.9m. EPS estimate also fell from UK£0.108 per share to UK£0.082 per share. Net income forecast to shrink 44% next year vs 40% growth forecast for IT industry in the United Kingdom . Consensus price target down from UK£3.31 to UK£2.70. Share price rose 4.2% to UK£1.24 over the past week. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (120% payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). New Risk • Aug 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 92% Dividend yield: 19% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 92% Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Declared Dividend • Aug 01
Final dividend reduced to UK£0.06 Dividend of UK£0.06 is 40% lower than last year. Ex-date: 23rd October 2025 Payment date: 14th November 2025 Dividend yield will be 16%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio). However, it is covered by cash flows (85% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. However, EPS is expected to decline by 20% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Major Estimate Revision • Jul 31
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£197.3m to UK£191.3m. EPS estimate also fell from UK£0.134 per share to UK£0.108 per share. Net income forecast to shrink 42% next year vs 40% growth forecast for IT industry in the United Kingdom . Consensus price target down from UK£4.15 to UK£3.31. Share price fell 39% to UK£1.21 over the past week. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 39% After last week's 39% share price decline to UK£1.24, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the IT industry in the United Kingdom. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.39 per share. Buy Or Sell Opportunity • Jul 30
Now 48% undervalued after recent price drop Over the last 90 days, the stock has fallen 46% to UK£1.24. The fair value is estimated to be UK£2.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.2%. For the next 3 years, revenue is forecast to decline by 7.9% per annum. Earnings are also forecast to decline by 6.5% per annum over the same time period. Price Target Changed • Jul 23
Price target decreased by 14% to UK£3.69 Down from UK£4.29, the current price target is an average from 4 analysts. New target price is 82% above last closing price of UK£2.03. Stock is down 51% over the past year. The company is forecast to post earnings per share of UK£0.13 for next year compared to UK£0.19 last year. 공고 • Jun 25
FDM Group plc Announces Board and Committee Changes FDM Group plc announced the appointment of Alan Kinnear as Non-Executive Chair of the Board, effective July 30, 2025. Alan Kinnear will succeed David Lister, who will retire from the Board on the same date. David has served on the Board since March 2016, initially as a Non-Executive Director, and then as Non-Executive Chair from March 2019. Alan Kinnear joined the Board of FDM Group in January 2020 as an independent Non-Executive Director, becoming Chair of the Audit Committee in April 2020. With effect from July 30, 2025, Alan Kinnear will join and also chair the Nomination Committee. He will step down from the Audit Committee (of which he is currently Chair) and the Remuneration Committee. Alan spent 35 years at PwC, including 23 years as an audit partner working with listed, private equity-backed, and high-growth companies. He was a member of PwC's Southeast regional board and a national leader for audit services in the private equity sector. On July 30, 2025, Rowena Murray will replace Alan Kinnear as Chair of the Audit Committee. Rowena joined the Board as a Non-Executive Director in August 2023. She became Chair of the Remuneration Committee in May 2024 and will continue in that role. Rowena began her career in Sydney as a corporate lawyer. In 2004 she joined Investec Bank plc and moved to the UK, where she later became a director in Investec's Investment Banking division. For more than seven years, Rowena has been the appointed non-executive director (including serving on board committees) for various companies within the portfolio of Tenzing Private Equity, an investor in high-growth UK and European SMEs. Upcoming Dividend • May 29
Upcoming dividend of UK£0.13 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 27 June 2025. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 10%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.1%). 공고 • Apr 08
FDM Group (Holdings) plc to Report First Half, 2025 Results on Jul 30, 2025 FDM Group (Holdings) plc announced that they will report first half, 2025 results on Jul 30, 2025 Reported Earnings • Mar 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: UK£0.19 (down from UK£0.37 in FY 2023). Revenue: UK£257.7m (down 23% from FY 2023). Net income: UK£20.5m (down 50% from FY 2023). Profit margin: 8.0% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to stay flat during the next 3 years compared to a 6.8% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (104% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£2.56, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the IT industry in the United Kingdom. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.68 per share. Buy Or Sell Opportunity • Feb 14
Now 21% overvalued Over the last 90 days, the stock has fallen 25% to UK£2.43. The fair value is estimated to be UK£2.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 6.2%. Revenue is forecast to decline by 26% in 2 years. Earnings are forecast to decline by 42% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£2.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the IT industry in the United Kingdom. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.14 per share. Price Target Changed • Jan 29
Price target decreased by 9.1% to UK£4.65 Down from UK£5.12, the current price target is an average from 6 analysts. New target price is 104% above last closing price of UK£2.29. Stock is down 50% over the past year. The company is forecast to post earnings per share of UK£0.19 for next year compared to UK£0.37 last year. 공고 • Nov 21
FDM Group (Holdings) plc Provides Financial Guidance for the Full Year 2024 The Board of FDM Group confirms that it anticipates that the Group's financial performance for the full year 2024 will be in line with its expectations. Upcoming Dividend • Oct 03
Upcoming dividend of UK£0.10 per share Eligible shareholders must have bought the stock before 10 October 2024. Payment date: 01 November 2024. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 7.5%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.0%). Price Target Changed • Sep 02
Price target increased by 9.8% to UK£5.12 Up from UK£4.66, the current price target is an average from 6 analysts. New target price is 25% above last closing price of UK£4.08. Stock is down 30% over the past year. The company is forecast to post earnings per share of UK£0.19 for next year compared to UK£0.37 last year. Reported Earnings • Aug 04
First half 2024 earnings released: EPS: UK£0.10 (vs UK£0.20 in 1H 2023) First half 2024 results: EPS: UK£0.10 (down from UK£0.20 in 1H 2023). Revenue: UK£140.2m (down 22% from 1H 2023). Net income: UK£11.2m (down 48% from 1H 2023). Profit margin: 8.0% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the IT industry in the United Kingdom are expected to grow by 7.1%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 01
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to UK£4.05. The fair value is estimated to be UK£3.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 7.6% per annum. Earnings are also forecast to decline by 14% per annum over the same time period. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to UK£3.90. The fair value is estimated to be UK£3.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 7.6% per annum. Earnings are also forecast to decline by 14% per annum over the same time period. Upcoming Dividend • May 30
Upcoming dividend of UK£0.19 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 28 June 2024. Payout ratio and cash payout ratio are on the higher end at 96% and 79% respectively. Trailing yield: 8.2%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.3%). 공고 • May 16
FDM Group (Holdings) plc Announces Board Changes The Board of Directors of FDM Group (Holdings) Plc confirmed that, as announced in the Company's Annual Report for the year ended 31 December 2023, Peter Whiting (Senior Independent Director and Chair of the Remuneration Committee) retired from the Board at the end of the Company's Annual General Meeting held 14 May 2024, having served more than nine years since his appointment. Following Peter Whiting's retirement: Jacqueline de Rojas, Non-Executive Director on the Board, has been appointed as Senior Independent Director; and Rowena Murray, Non-Executive Director on the Board, as been appointed as Chair of the Remuneration Committee. Following the changes outlined above, the membership of the Board's committees is as follows: Audit Committee: Alan Kinnear (Chair of the Committee); Michelle Senecal de Fonseca; Rowena Murray. Remuneration Committee: Rowena Murray (Chair of the Committee); Michelle Senecal de Fonseca; Alan Kinnear. Nomination Committee: David Lister (Chair of the Committee); Michelle Senecal de Fonseca; Jacqueline de Rojas. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£4.15, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the IT industry in the United Kingdom. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.26 per share. Buy Or Sell Opportunity • May 14
Now 23% overvalued Over the last 90 days, the stock has fallen 4.1% to UK£4.00. The fair value is estimated to be UK£3.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 7.6% per annum. Earnings are also forecast to decline by 14% per annum over the same time period. Reported Earnings • Apr 04
Full year 2023 earnings released Full year 2023 results: Revenue: UK£334.0m (up 1.2% from FY 2022). Net income: UK£40.8m (up 17% from FY 2022). Profit margin: 12% (up from 11% in FY 2022). Revenue is expected to decline by 7.1% p.a. on average during the next 3 years, while revenues in the IT industry in the United Kingdom are expected to grow by 7.5%. Declared Dividend • Mar 22
First half dividend of UK£0.19 announced Shareholders will receive a dividend of UK£0.19. Ex-date: 6th June 2024 Payment date: 28th June 2024 Dividend yield will be 11%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio). However, it is covered by cash flows (89.6% cash payout ratio). The dividend has increased by an average of 10% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS is expected to decline by 37% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to UK£3.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the IT industry in the United Kingdom. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.67 per share. Buy Or Sell Opportunity • Mar 20
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to UK£3.25. The fair value is estimated to be UK£4.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to decline by 9.8% per annum. Earnings are also forecast to decline by 13% per annum over the same time period. 공고 • Jan 31
FDM Group (Holdings) plc to Report Fiscal Year 2023 Results on Mar 20, 2024 FDM Group (Holdings) plc announced that they will report fiscal year 2023 results on Mar 20, 2024 Price Target Changed • Jan 31
Price target decreased by 12% to UK£5.64 Down from UK£6.40, the current price target is an average from 6 analysts. New target price is 25% above last closing price of UK£4.51. Stock is down 44% over the past year. The company is forecast to post earnings per share of UK£0.36 for next year compared to UK£0.32 last year. 공고 • Jan 31
FDM Group (Holdings) plc Provides Revenue Guidance for the Year to 31 December 2023 FDM Group (Holdings) plc provided revenue guidance for the year to 31 December 2023. Revenue is expected to be £334 million, up 1% in comparison to the prior year (2022: £330 million). On a constant currency basis revenue increased by 2%, or £7.4 million. Price Target Changed • Nov 13
Price target decreased by 10% to UK£7.27 Down from UK£8.10, the current price target is an average from 6 analysts. New target price is 90% above last closing price of UK£3.83. Stock is down 43% over the past year. The company is forecast to post earnings per share of UK£0.36 for next year compared to UK£0.32 last year. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£4.71, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the IT industry in the United Kingdom. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£6.55 per share. Buying Opportunity • Sep 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be UK£6.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 1.1% in 2 years. Earnings is forecast to decline by 2.9% in the next 2 years. Upcoming Dividend • Sep 14
Upcoming dividend of UK£0.17 per share at 6.6% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 13 October 2023. Payout ratio and cash payout ratio are on the higher end at 100% and 90% respectively. Trailing yield: 6.6%. Within top quartile of British dividend payers (6.3%). Higher than average of industry peers (2.5%). Buying Opportunity • Aug 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be UK£6.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 1.1% in 2 years. Earnings is forecast to decline by 2.9% in the next 2 years. Reported Earnings • Aug 02
First half 2023 earnings released: EPS: UK£0.20 (vs UK£0.16 in 1H 2022) First half 2023 results: EPS: UK£0.20 (up from UK£0.16 in 1H 2022). Revenue: UK£179.9m (up 18% from 1H 2022). Net income: UK£21.6m (up 27% from 1H 2022). Profit margin: 12% (in line with 1H 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (113% payout ratio). Price Target Changed • Jul 27
Price target decreased by 12% to UK£8.10 Down from UK£9.26, the current price target is an average from 6 analysts. New target price is 44% above last closing price of UK£5.62. Stock is down 38% over the past year. The company is forecast to post earnings per share of UK£0.38 for next year compared to UK£0.32 last year. 공고 • Jun 28
FDM Group (Holdings) plc Appoints Rowena Murray as A Non-Executive Director, Effective 1 August 2023 FDM Group (Holdings) plc announced the appointment of Rowena Murray as a non-executive director of the company with effect from 1 August 2023. On appointment, Rowena will become a member of the audit committee and the remuneration committee. Rowena has been the appointed non-executive director for various companies within the portfolio of Tenzing Private Equity (Tenzing). In this capacity, Rowena is currently a non-executive director of Altum Group and Eikon Group. Rowena began her career in Sydney as a corporate lawyer at a leading Australian law firm. She moved to the UK in 2004 and joined Investec Bank plc (Investec). As a director in Investec's Investment Banking division, Rowena provided strategic advice to public and private companies and led corporate transactions across a variety of sectors, including business services and technology, before moving to Tenzing in 2017. Upcoming Dividend • Jun 01
Upcoming dividend of UK£0.19 per share at 5.2% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.2%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.5%). Price Target Changed • May 16
Price target decreased by 12% to UK£9.98 Down from UK£11.28, the current price target is an average from 6 analysts. New target price is 56% above last closing price of UK£6.39. Stock is down 32% over the past year. The company is forecast to post earnings per share of UK£0.33 for next year compared to UK£0.32 last year. Reported Earnings • Apr 06
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: UK£330.0m (up 23% from FY 2021). Net income: UK£34.9m (up 9.7% from FY 2021). Profit margin: 11% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in the United Kingdom. 공고 • Jan 25
FDM Group (Holdings) plc to Report Fiscal Year 2022 Results on Mar 15, 2023 FDM Group (Holdings) plc announced that they will report fiscal year 2022 results on Mar 15, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Alan Kinnear was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Alan Kinnear was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 18
Upcoming dividend of UK£0.17 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 30 September 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.2%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 02
First half 2022 earnings released First half 2022 results: Revenue: UK£152.8m (up 16% from 1H 2021). Net income: UK£17.0m (up 8.8% from 1H 2021). Profit margin: 11% (in line with 1H 2021). Over the next year, revenue is forecast to grow 15%, compared to a 18% growth forecast for the industry in the United Kingdom.