Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total returns to shareholders of 47% over the past three years. Announcement • Mar 19
Johnson Service Group PLC, Annual General Meeting, May 07, 2026 Johnson Service Group PLC, Annual General Meeting, May 07, 2026. Location: the doubletree by hilton hotel and spa chester, warrington road, hoole, chester, ch2 3pd, United Kingdom Announcement • Mar 03
Johnson Service Group plc Announces Board and Committee Changes, Effective June 1, 2026 Johnson Service Group PLC announced that Lysanne Gray will join the JSG Board as an Independent Non-Executive Director with effect from June 1, 2026. Lysanne, a qualified Chartered Accountant, brings significant experience of business operations, acquisitions and disposals, risk management, audit and corporate governance. Her career includes previous global leadership roles at Unilever plc, including Executive Vice President Sustainable Business Performance and Reporting, Financial Controller, Chief Auditor of Unilever; Chief Financial Officer of Unilever's global food service business; and a number of other senior operational and financial positions. Lysanne is currently the Audit Committee Chair for Genus plc. On appointment, Lysanne will join the Audit, Nomination and Remuneration Committees and, as part of the Board's planned succession arrangements, will succeed Chris Girling as Chair of the Audit Committee following the announcement of the Company's interim results for the six-month period ending June 30, 2026. As part of the same planned succession process, Nicola Keach will succeed Chris Girling as Senior Independent Director with effect from June 1, 2026. Nicola was appointed as an Independent Non-Executive Director of the Company on June 1, 2022 and has been a member of the Company's Audit, Nomination and Remuneration Committees since her appointment. Chris will continue to serve as an Independent Non-Executive Director and member of the Company's Audit, Nomination and Remuneration Committees until he steps down and retires from the Board on December 31, 2026, when he will have served more than 8 years as an Independent Non-Executive Director of JSG. Announcement • Feb 06
Johnson Service Group PLC to Report Fiscal Year 2025 Results on Mar 03, 2026 Johnson Service Group PLC announced that they will report fiscal year 2025 results on Mar 03, 2026 Announcement • Jan 16
Johnson Service Group PLC Provides Group Earnings Guidance for the Full Year Ended December 31, 2025 Johnson Service Group PLC provided group earnings guidance for the full year ended December 31, 2025. For the year, group revenue is expected to have increased by 4.3% to £535.6 million (2024: £513.4 million). Announcement • Sep 04
Johnson Service Group PLC Proposes an Interim Dividend in Respect of the Year Ended December 31, 2025, Payable on November 4, 2025 Johnson Service Group PLC proposed an interim dividend in respect of the year ended 31 December 2025 of 1.6 pence per Ordinary share which, based on the number of shares in issue as at the date of this report, will reduce Shareholders' funds by £6.3 million. However, given the intention of the Directors to launch a further share buyback programme, it is anticipated that the actual distribution will be less than this amount. The dividend will be paid on 4 November 2025 to Shareholders on the register of members at the close of business on 3 October 2025. The trustee of the EBT has waived the entitlement to receive dividends on the Ordinary shares held by the trust. Announcement • Feb 06
Johnson Service Group PLC to Report Fiscal Year 2024 Results on Mar 04, 2025 Johnson Service Group PLC announced that they will report fiscal year 2024 results on Mar 04, 2025 Upcoming Dividend • Sep 26
Upcoming dividend of UK£0.013 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.3%). Declared Dividend • Sep 05
First half dividend of UK£0.013 announced Shareholders will receive a dividend of UK£0.013. Ex-date: 3rd October 2024 Payment date: 1st November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 05
Johnson Service Group PLC (AIM:JSG) acquired Empire Linen Services Limited for £20.6 million. Johnson Service Group PLC (AIM:JSG) acquired Empire Linen Services Limited for £20.6 million on September 2, 2024. The consideration of £20.6 million is on a debt free, cash free, basis and subject to normalized working capital. The revenue and profit before tax as shown in the management accounts for the year ended June 30, 2024, were £13.9 million and £2.8 million, respectively. The business employs around 170 employees and operates from a 26,000 square foot leasehold site in Tottenham.
Johnson Service Group PLC (AIM:JSG) completed the acquisition of Empire Linen Services Limited on September 2, 2024. Reported Earnings • Sep 03
First half 2024 earnings released: EPS: UK£0.033 (vs UK£0.023 in 1H 2023) First half 2024 results: EPS: UK£0.033 (up from UK£0.023 in 1H 2023). Revenue: UK£244.1m (up 14% from 1H 2023). Net income: UK£13.8m (up 38% from 1H 2023). Profit margin: 5.7% (up from 4.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 03
Johnson Service Group plc Announces Interim Dividend, Payable on 1 November 2024 Johnson Service Group PLC announced an interim dividend 1.3 pence per share (June 2023: 0.9 pence per share) will be paid on 1 November 2024 to those Shareholders on the register of members on 4 October 2024. The ex-dividend date is 3 October 2024. The increased dividend is in line with company progressive dividend policy to reduce dividend cover from company historical level of cover of 3 times in 2022 to 2.5 times in financial year 2024. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.66, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total loss to shareholders of 8.1% over the past three years. Upcoming Dividend • Apr 04
Upcoming dividend of UK£0.019 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.0%). Announcement • Mar 19
Johnson Service Group PLC, Annual General Meeting, May 01, 2024 Johnson Service Group PLC, Annual General Meeting, May 01, 2024, at 10:00 Coordinated Universal Time. Location: Hilton Chester, Warrington Road, Hoole, Chester United Kingdom Recent Insider Transactions • Mar 08
Key Executive recently bought €104k worth of stock On the 5th of March, Peter Egan bought around 441k shares on-market at roughly €0.24 per share. This transaction increased Peter's direct individual holding by 55x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Declared Dividend • Mar 07
Final dividend of UK£0.019 announced Shareholders will receive a dividend of UK£0.019. Ex-date: 11th April 2024 Payment date: 10th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: UK£0.064 (vs UK£0.065 in FY 2022) Full year 2023 results: EPS: UK£0.064 (down from UK£0.065 in FY 2022). Revenue: UK£465.3m (up 21% from FY 2022). Net income: UK£27.2m (down 5.6% from FY 2022). Profit margin: 5.8% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 05
Johnson Service Group PLC to Report Fiscal Year 2023 Final Results on Mar 18, 2024 Johnson Service Group PLC announced that they will report fiscal year 2023 final results on Mar 18, 2024 Announcement • Feb 08
Johnson Service Group PLC to Report Fiscal Year 2023 Results on Mar 05, 2024 Johnson Service Group PLC announced that they will report fiscal year 2023 results on Mar 05, 2024 Reported Earnings • Sep 06
First half 2023 earnings released: EPS: UK£0.023 (vs UK£0.011 in 1H 2022) First half 2023 results: EPS: UK£0.023 (up from UK£0.011 in 1H 2022). Revenue: UK£215.0m (up 22% from 1H 2022). Net income: UK£10.0m (up 113% from 1H 2022). Profit margin: 4.7% (up from 2.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 05
Johnson Service Group plc Announces Interim Dividend, Payable on 3 November 2023 Johnson Service Group PLC announced An interim dividend of 0.9 pence per share (June 2022: 0.8 pence per share) will be paid on 3 November 2023 to those Shareholders on the register of members on 6 October 2023. The ex-dividend date is 5 October 2023. The increased dividend is in line with progressive dividend policy and it remains the Board's current intention to reduce dividend cover from historical level of cover of 3 times in 2022 to 2.5 times by financial year 2024. Announcement • Sep 02
Johnson Service Group PLC (AIM:JSG) acquired Celtic Linen Ltd. for €31.5 million. Johnson Service Group PLC (AIM:JSG) acquired Celtic Linen Ltd. for €31.5 million on August 31, 2023.Johnson Service Group PLC (AIM:JSG) completed the acquisition of Celtic Linen Ltd. for €31.5 million on August 31, 2023. Upcoming Dividend • Apr 06
Upcoming dividend of UK£0.016 per share at 2.7% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: UK£0.065 (vs UK£0.016 in FY 2021) Full year 2022 results: EPS: UK£0.065 (up from UK£0.016 in FY 2021). Revenue: UK£385.7m (up 42% from FY 2021). Net income: UK£28.8m (up 317% from FY 2021). Profit margin: 7.5% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Announcement • Jan 12
Johnson Service Group plc Provides Earnings Outlook for the Full Year 2022 Johnson Service Group PLC provided earnings outlook for the full year 2022. For the period, The company expects to announce full year revenue of approximately £385 million (2021: £271.4 million). Buying Opportunity • Nov 30
Now 21% undervalued Over the last 90 days, the stock is up 8.5%. The fair value is estimated to be €1.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Buying Opportunity • Nov 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: UK£0.011 (vs UK£0.025 loss in 1H 2021) First half 2022 results: EPS: UK£0.011 (up from UK£0.025 loss in 1H 2021). Revenue: UK£176.2m (up 77% from 1H 2021). Net income: UK£4.70m (up UK£15.6m from 1H 2021). Profit margin: 2.7% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 7.4%, compared to a 4.3% growth forecast for the Commercial Services industry in Germany. Announcement • Sep 02
Johnson Service Group PLC Announces Interim Dividend, Payable on November 4, 2022 Johnson Service Group PLC announced that reflecting the recovery during recent months and the confidence that trading levels have returned to, and will remain at, more normal levels, the Board has reinstated its dividend payments. An interim dividend of 0.8 pence per share will be paid on 4 November 2022 to those Shareholders on the register of members on 7 October 2022. The ex-dividend date is 6 October 2022. The dividend represents a return to its progressive dividend policy and it is the Board's current intention to reduce dividend cover from their historical level of cover of 3 times to 2.5 times by financial year 2024. Announcement • Jul 26
Johnson Service Group PLC to Report First Half, 2022 Results on Sep 01, 2022 Johnson Service Group PLC announced that they will report first half, 2022 results on Sep 01, 2022 Announcement • Jun 01
Johnson Service Group PLC Appoints Nicola Keach as Independent Non-Executive Director Johnson Service Group PLC announced the appointment of Nicola Keach to the Board as an Independent Non-Executive Director with effect from 1 June 2022. With her extensive experience across a range of sectors, having worked within a number of B2B service organizations of scale, Nicola is a valuable addition to the JSG Board. She will also be appointed as a member of the Audit, Remuneration and Nomination Committees. Nicola is Chief Executive Officer of Tivoli Group, having joined the company in November 2021 with a remit to grow the business both organically and through aggressive acquisition. Prior to joining Tivoli, Nicola spent nearly a decade at utilities company ENGIE, latterly as Chief Executive Officer for the UK and Ireland. Nicola's early career was with Serco, where she quickly progressed to hold a number of leadership roles, including National Operations Director for Healthcare and Business Development Director for Healthcare. Reported Earnings • Mar 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.016 (up from UK£0.066 loss in FY 2020). Revenue: UK£271.4m (up 18% from FY 2020). Net income: UK£6.90m (up UK£34.0m from FY 2020). Profit margin: 2.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 31%, compared to a 21% growth forecast for the industry in Germany. Announcement • Feb 19
Johnson Service Group PLC to Report Fiscal Year 2021 Results on Mar 08, 2022 Johnson Service Group PLC announced that they will report fiscal year 2021 results on Mar 08, 2022 Buying Opportunity • Jan 25
Now 28% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be UK£2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% per annum over the last 3 years. The company became loss making over the last year. Announcement • Nov 25
Johnson Service Group PLC (AIM:JSG) acquired Lilliput (Dunmurry) Limited for £6.2 million. Johnson Service Group PLC (AIM:JSG) acquired Lilliput (Dunmurry) Limited for £6.2 million on September 30, 2021. The cash consideration is on a debt free, cash free basis and subject to an adjustment for normalised working capital. Lilliput reported a revenue of £7.3 million for the year 2020.
Johnson Service Group PLC (AIM:JSG) completed the acquisition of Lilliput (Dunmurry) Limited on September 30, 2021. Reported Earnings • Sep 05
First half 2021 earnings released: UK£0.025 loss per share (vs UK£0.042 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: UK£99.6m (down 13% from 1H 2020). Net loss: UK£10.9m (loss narrowed 32% from 1H 2020). Executive Departure • May 08
Non-Executive Chairman William Mervyn Frew Shannon has left the company On the 5th of May, William Mervyn Frew Shannon's tenure as Non-Executive Chairman ended after 12.0 years in the role. As of December 2020, William Mervyn Frew personally held 155.43k shares (€246k worth at the time). William Mervyn Frew is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Mar 26
Independent Non-Executive Director recently bought €58k worth of stock On the 24th of March, John Lennox bought around 32k shares on-market at roughly €1.81 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €80k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 20
Full year 2020 earnings released: UK£0.066 loss per share (vs UK£0.084 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£229.8m (down 35% from FY 2019). Net loss: UK£27.1m (down 188% from profit in FY 2019). Announcement • Mar 13
Johnson Service Group PLC to Report Fiscal Year 2020 Results on Mar 19, 2021 Johnson Service Group PLC announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Feb 26
New 90-day high: €1.82 The company is up 20% from its price of €1.51 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.31 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €1.62 The company is up 65% from its price of €0.98 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.25 per share. Is New 90 Day High Low • Jan 22
New 90-day high: €1.60 The company is up 56% from its price of €1.03 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.26 per share. Announcement • Jan 05
Johnson Service Group PLC Announces Directorate Change William (Bill) Shannon, Chairman of Johnson Service Group PLC, has advised the JSG Board of his intention to retire from the Board at the conclusion of the Company's AGM to be held in May 2021. The Group announced the appointment of John (Jock) Fyfe Lennox to the Board as an Independent Non-Executive Director with effect from 5 January 2021. Jock will also assume the role of Chairman Designate with effect from the same date. The intention is that Jock will step up to the role of Chairman following the conclusion of the 2021 AGM in May. Jock is currently a Non-Executive Director and Audit Committee Chairman of Barratt Developments PLC and was previously Chairman of Enquest PLC and Hill & Smith Holdings PLC. Jock has also served on the boards of Dixons Carphone PLC, Oxford Instruments PLC and A&J Mucklow Group PLC. Jock spent his executive career with EY, becoming a partner in 1988, and held a number of leadership roles across all service lines, including as head of Industrial Products in the UK and Globally. Since leaving EY in 2009, he has developed an active board career sitting on and leading boards that have undertaken a range of organic and corporate development and growth strategies. Is New 90 Day High Low • Dec 31
New 90-day high: €1.58 The company is up 54% from its price of €1.03 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.41 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €1.55 The company is up 27% from its price of €1.22 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.22 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €1.26 The company is up 13% from its price of €1.12 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.25 per share. Announcement • Aug 19
Johnson Service Group PLC to Report First Half, 2020 Results on Sep 02, 2020 Johnson Service Group PLC announced that they will report first half, 2020 results on Sep 02, 2020