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G4S

DB:GHN
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GHN
DB
£4B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

G4S plc, together with its subsidiaries, provides security and related services in Africa, the Americas, Asia, Europe, and the Middle East. The last earnings update was 13 days ago. More info.


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GHN Share Price and Events
7 Day Returns
2.6%
DB:GHN
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-8.9%
DB:GHN
-8.1%
DE Commercial Services
-6%
DE Market
GHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
G4S (GHN) 2.6% 22.5% 15.2% -8.9% 6.3% -8.2%
DE Commercial Services 1.5% 2.8% 9.6% -8.1% 1.3% -41%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • GHN underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
GHN
Industry
5yr Volatility vs Market
Related Companies

GHN Value

 Is G4S undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of G4S to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for G4S.

DB:GHN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GHN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 19%) (73.39%))
1.115
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.115 * 6.65%)
7.64%

Discounted Cash Flow Calculation for DB:GHN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for G4S is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:GHN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.64%)
2019 60.60 Analyst x2 56.30
2020 275.63 Analyst x4 237.87
2021 304.10 Analyst x4 243.81
2022 499.00 Analyst x1 371.67
2023 664.11 Est @ 33.09% 459.53
2024 818.38 Est @ 23.23% 526.07
2025 952.02 Est @ 16.33% 568.53
2026 1,061.50 Est @ 11.5% 588.89
2027 1,147.67 Est @ 8.12% 591.49
2028 1,213.67 Est @ 5.75% 581.09
Present value of next 10 years cash flows £4,225.26
DB:GHN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £1,213.67 × (1 + 0.23%) ÷ (7.64% – 0.23%)
£16,405.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £16,405.25 ÷ (1 + 7.64%)10
£7,854.68
DB:GHN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £4,225.26 + £7,854.68
£12,079.94
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £12,079.94 / 1,546.16
£7.81
DB:GHN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GHN represents 1.15375x of LSE:GFS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.15375x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 7.81 x 1.15375
€9.01
Value per share (EUR) From above. €9.01
Current discount Discount to share price of €2.68
= -1 x (€2.68 - €9.01) / €9.01
70.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price G4S is available for.
Intrinsic value
>50%
Share price is €2.68 vs Future cash flow value of €9.01
Current Discount Checks
For G4S to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • G4S's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • G4S's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for G4S's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are G4S's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.05
LSE:GFS Share Price ** LSE (2019-04-18) in GBP £2.32
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of G4S.

DB:GHN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:GFS Share Price ÷ EPS (both in GBP)

= 2.32 ÷ 0.05

44.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • G4S is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • G4S is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does G4S's expected growth come at a high price?
Raw Data
DB:GHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 44.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
30.2%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:GHN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 44.9x ÷ 30.2%

1.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • G4S is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on G4S's assets?
Raw Data
DB:GHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.49
LSE:GFS Share Price * LSE (2019-04-18) in GBP £2.32
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:GHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:GFS Share Price ÷ Book Value per Share (both in GBP)

= 2.32 ÷ 0.49

4.69x

* Primary Listing of G4S.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • G4S is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess G4S's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. G4S has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GHN Future Performance

 How is G4S expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is G4S expected to grow at an attractive rate?
  • G4S's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • G4S's earnings growth is expected to exceed the Germany market average.
  • G4S's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GHN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GHN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 30.2%
DB:GHN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.2%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GHN Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 8,731 421 2
2021-12-31 8,163 542 322 8
2020-12-31 7,862 513 296 10
2019-12-31 7,551 404 234 9
DB:GHN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 7,512 315 80
2018-06-30 7,529 390 190
2018-03-31 7,679 396 216
2017-12-31 7,826 402 243
2017-09-30 7,928 411 265
2017-06-30 8,029 420 286
2017-03-31 7,810 471 244
2016-12-31 7,590 522 201
2016-09-30 7,282 467 120
2016-06-30 6,974 412 39
2016-03-31 6,919 348 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • G4S's earnings are expected to grow significantly at over 20% yearly.
  • G4S's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GHN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from G4S Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GHN Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.27 0.27 0.27 1.00
2021-12-31 0.21 0.24 0.18 5.00
2020-12-31 0.19 0.21 0.16 7.00
2019-12-31 0.15 0.16 0.15 5.00
DB:GHN Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.05
2018-06-30 0.12
2018-03-31 0.14
2017-12-31 0.16
2017-09-30 0.17
2017-06-30 0.18
2017-03-31 0.16
2016-12-31 0.13
2016-09-30 0.08
2016-06-30 0.03
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • G4S is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess G4S's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
G4S has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GHN Past Performance

  How has G4S performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare G4S's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • G4S has delivered over 20% year on year earnings growth in the past 5 years.
  • G4S's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • G4S's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
G4S's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from G4S Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GHN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,512.00 80.00 734.00 4.00
2018-06-30 7,529.00 190.00 809.00 4.00
2018-03-31 7,678.50 216.00 802.00 4.00
2017-12-31 7,826.00 243.00 784.00 4.00
2017-09-30 7,927.50 264.50 774.50 4.00
2017-06-30 8,029.00 286.00 765.00 4.00
2017-03-31 7,809.50 243.50 783.00 4.00
2016-12-31 7,590.00 201.00 801.00 4.00
2016-09-30 7,282.00 120.00 771.00 6.00
2016-06-30 6,974.00 39.00 741.00 8.00
2016-03-31 6,918.50 24.50 750.00 8.00
2015-12-31 6,863.00 10.00 759.00 8.00
2015-09-30 6,898.50 34.00 773.50 9.00
2015-06-30 6,934.00 58.00 788.00 10.00
2015-03-31 6,911.50 61.50 807.50 10.00
2014-12-31 6,889.00 65.00 827.00 10.00
2014-09-30 6,881.50 -3.00 1,022.00
2014-06-30 6,910.00 -88.00 1,030.00
2014-03-31 6,985.50 -169.50 1,023.50
2013-12-31 7,061.00 -251.00 1,017.00
2013-09-30 7,306.50 -146.00 1,058.00
2013-06-30 7,306.00 -47.00 1,038.00
2013-03-31 7,267.00 24.50 1,085.00
2012-12-31 7,228.00 96.00 1,132.00
2012-06-30 6,729.00 105.00 1,091.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • G4S has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • G4S used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • G4S has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess G4S's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
G4S has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GHN Health

 How is G4S's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up G4S's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • G4S is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • G4S's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of G4S's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from G4S Company Filings, last reported 3 months ago.

DB:GHN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 783.00 2,635.00 1,057.00
2018-06-30 833.00 2,962.00 1,345.00
2018-03-31 833.00 2,962.00 1,345.00
2017-12-31 843.00 2,473.00 944.00
2017-09-30 843.00 2,473.00 944.00
2017-06-30 786.00 2,496.00 905.00
2017-03-31 786.00 2,496.00 905.00
2016-12-31 863.00 2,562.00 883.00
2016-09-30 863.00 2,562.00 883.00
2016-06-30 750.00 2,723.00 858.00
2016-03-31 750.00 2,723.00 858.00
2015-12-31 691.00 2,372.00 601.00
2015-09-30 691.00 2,372.00 601.00
2015-06-30 765.00 2,189.00 513.00
2015-03-31 765.00 2,189.00 513.00
2014-12-31 922.00 2,161.00 430.00
2014-09-30 970.00 2,135.00 417.00
2014-06-30 838.00 2,172.00 417.00
2014-03-31 838.00 2,172.00 417.00
2013-12-31 884.00 2,213.00 542.00
2013-09-30 919.00 2,252.00 604.00
2013-06-30 1,039.00 2,607.00 549.00
2013-03-31 1,039.00 2,607.00 549.00
2012-12-31 1,231.00 2,462.00 485.00
2012-06-30 1,412.00 2,267.00 463.00
  • G4S's level of debt (336.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (250.4% vs 336.5% today).
  • Debt is not well covered by operating cash flow (12%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess G4S's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. G4S has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GHN Dividends

 What is G4S's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.18%
Current annual income from G4S dividends. Estimated to be 4.54% next year.
If you bought €2,000 of G4S shares you are expected to receive €84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • G4S's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • G4S's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase G4S before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GHN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GHN Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.14 1.00
2021-12-31 0.11 7.00
2020-12-31 0.10 9.00
2019-12-31 0.10 9.00
DB:GHN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.097 4.930
2018-08-09 0.097 4.599
2018-04-10 0.097 3.622
2017-08-09 0.094 3.498
2017-03-08 0.094 2.955
2016-08-10 0.094 3.917
2016-04-15 0.094 5.097
2016-03-09 0.094 4.980
2015-08-12 0.094 4.130
2015-03-10 0.092 3.225
2014-08-14 0.090 3.324
2014-03-31 0.090 3.554
2014-03-12 0.090 3.801
2013-08-28 0.090 3.580
2013-03-13 0.090 3.541
2013-03-12 0.090 2.951
2012-05-01 0.085 3.199
2011-08-23 0.082 3.071
2011-05-10 0.079 2.894
2010-08-26 0.073 2.826
2010-04-20 0.072 2.695
2010-03-16 0.072 2.724
2009-08-24 0.067 2.707
2009-05-11 0.064 3.018
2009-04-23 0.056 2.872

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of G4S's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess G4S's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can G4S afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. G4S has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GHN Management

 What is the CEO of G4S's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashley Almanza
COMPENSATION £3,846,489
AGE 55
TENURE AS CEO 5.8 years
CEO Bio

Mr. Ashley Almanza has been the Chief Executive Officer of G4S Australia Holdings Pty. Ltd since June 1, 2013. Mr. Almanza has been the Group Chief Executive Officer of G4S plc since June 1, 2013. He has been an Executive Director of G4S plc since May 2013. He has experience and knowledge gained as an Executive Officer in the energy industry and has extensive accounting and financial expertise. Mr. Almanza served as the Chief Financial Officer at G4S plc from May 1, 2013 to June 1, 2013. He served as the Chief Financial Officer at BG Group Limited from August 1, 2002 to March 31, 2011 and served as its Executive Vice President from 2009 to December 18, 2012. He was responsible for BG Group's finance and the Treasury, Taxation, Audit, Investor Relations and Information Management departments. He led BG Group’s UK, European and Central Asian businesses and the group’s commercial strategy in Central Asia. He held a number of senior roles at BG Group from 1993 to 2012. He served as the Managing Director of Europe and Central Asia at BG Group plc since November 2009. He joined British Gas Plc in 1993 as Finance Manager in the Exploration and Production division. He held a number of Corporate and Business Unit roles including Finance Director of BG International Downstream and Deputy Finance Director of BG International. He served as a Group Finance Director of BG Group Plc from October 2000 to January 2001 and also served as its Group Financial Controller. He served at Centrica and Lattice Group de-mergers and BG Group's 1997 and 1999 capital reorganizations. He served as an Executive Director of BG Group since August 2002 until March 31, 2011. He serves as the Chairman of The 100 Group. He served as Chairman of the Hundred Group of Finance Directors. He serves as Board Member of the International Security Ligue. He served as a Non Executive Director of Noble Corporation Plc from April 26, 2013 to June 19, 2018. He served as an Independent Non-Executive Director of Schroders Plc from August 2, 2011 to April 28, 2016. He served as Director of BG Energy Holdings Limited until March 2011. He is a Member of the Advisory Board at Oxford University Centre for Business Taxation. He is a Chartered Accountant. Mr. Almanza holds a Degree in Commerce and a Post-Graduate Diploma in Accounting from the University of Natal, South Africa and an MBA from London Business School.

CEO Compensation
  • Ashley's compensation has been consistent with company performance over the past year.
  • Ashley's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the G4S management team in years:

4.2
Average Tenure
55
Average Age
  • The tenure for the G4S management team is about average.
Management Team

Ashley Almanza

TITLE
CEO & Executive Director
COMPENSATION
£4M
AGE
55
TENURE
5.8 yrs

Tim Weller

TITLE
CFO & Executive Director
COMPENSATION
£2M
AGE
55
TENURE
2.5 yrs

Helen Parris

TITLE
Director of Investor Relations

Søren Lundsberg-Nielsen

TITLE
Group General Counsel
AGE
66
TENURE
18.3 yrs

Sophie McMillan

TITLE
Head of Media

Stephane Verdoy

TITLE
Group Sales & Marketing Director
TENURE
1.2 yrs

Jenni Myles

TITLE
Group Human Resources Director
TENURE
3.8 yrs

Graham Levinsohn

TITLE
Regional Chief Executive Officer of Europe & the Middle East
TENURE
5.4 yrs

John Kenning

TITLE
Regional Chief Executive Officer of the Americas
TENURE
4.4 yrs

Mel Brooks

TITLE
Regional President of Africa
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the G4S board of directors in years:

4.9
Average Tenure
61
Average Age
  • The tenure for the G4S board of directors is about average.
Board of Directors

John Connolly

TITLE
Chairman of the Board
COMPENSATION
£380K
AGE
67
TENURE
6.8 yrs

Ashley Almanza

TITLE
CEO & Executive Director
COMPENSATION
£4M
AGE
55
TENURE
5.9 yrs

Tim Weller

TITLE
CFO & Executive Director
COMPENSATION
£2M
AGE
55
TENURE
6 yrs

Winnie Kin

TITLE
Non-Executive Director
COMPENSATION
£77K
AGE
62
TENURE
8.5 yrs

Paul Spence

TITLE
Non-Executive Director
COMPENSATION
£116K
AGE
59
TENURE
6.3 yrs

John Daly

TITLE
Non-Executive Director
COMPENSATION
£84K
AGE
61
TENURE
3.8 yrs

John Ramsay

TITLE
Non-Executive Director
AGE
61
TENURE
1.3 yrs

Elisabeth Fleuriot

TITLE
Non-Executive Director
AGE
62
TENURE
0.8 yrs

Steve Mogford

TITLE
Senior Independent Director
COMPENSATION
£78K
AGE
61
TENURE
2.9 yrs

Barbara Thoralfsson

TITLE
Non-Executive Director
COMPENSATION
£86K
AGE
59
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Apr 19 Sell BlackRock, Inc. Company 17. Apr 19 17. Apr 19 -132,654 €2.71 €-358,878
18. Apr 19 Buy BlackRock, Inc. Company 17. Apr 19 17. Apr 19 136,941 €2.72 €370,348
18. Apr 19 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 17. Apr 19 17. Apr 19 -543 €2.71 €-1,464
18. Apr 19 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 17. Apr 19 17. Apr 19 2,004,925 €2.70 €5,415,952
18. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 16. Apr 19 16. Apr 19 -3,367,971 €2.72 €-96,193
18. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 16. Apr 19 16. Apr 19 1,370,691 €2.72 €119,041
18. Apr 19 Buy Mondrian Investment Partners Limited Company 17. Apr 19 17. Apr 19 172,860 €2.70 €467,470
18. Apr 19 Sell Standard Life Aberdeen plc Company 17. Apr 19 17. Apr 19 -2,698 €2.70 €-7,296
17. Apr 19 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 16. Apr 19 16. Apr 19 -11,954 €2.73 €0
17. Apr 19 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 16. Apr 19 16. Apr 19 3,978,870 €2.74 €10,670,028
17. Apr 19 Buy Legal & General Investment Management Limited Company 16. Apr 19 16. Apr 19 2,254 €2.70 €6,094
17. Apr 19 Sell BlackRock, Inc. Company 16. Apr 19 16. Apr 19 -7,734 €2.69 €-20,827
17. Apr 19 Buy BlackRock, Inc. Company 16. Apr 19 16. Apr 19 4,501 €2.70 €12,169
17. Apr 19 Sell Brandes Investment Partners, L.P. Company 16. Apr 19 16. Apr 19 -2,961 €2.57 €-7,598
17. Apr 19 Buy Schroders plc Company 16. Apr 19 16. Apr 19 20,000 €2.69 €53,888
16. Apr 19 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 15. Apr 19 15. Apr 19 -30,044 €2.66 €-79,824
16. Apr 19 Buy Schroders plc Company 15. Apr 19 15. Apr 19 16,500 €2.65 €43,755
16. Apr 19 Sell BlackRock, Inc. Company 15. Apr 19 15. Apr 19 -1,443 €2.67 €-3,849
16. Apr 19 Buy BlackRock, Inc. Company 15. Apr 19 15. Apr 19 48,935 €2.67 €130,527
16. Apr 19 Buy UBS Asset Management Company 15. Apr 19 15. Apr 19 16,462 €2.67 €43,910
16. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 15. Apr 19 15. Apr 19 -1,474,942 €2.67 €-20,522
16. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 15. Apr 19 15. Apr 19 1,500,349 €2.67 €142,281
16. Apr 19 Sell Mondrian Investment Partners Limited Company 15. Apr 19 15. Apr 19 -195,004 €2.66 €-516,762
15. Apr 19 Sell BlackRock, Inc. Company 12. Apr 19 12. Apr 19 -19,934 €2.66 €-52,938
15. Apr 19 Buy BlackRock, Inc. Company 12. Apr 19 12. Apr 19 48,813 €2.66 €129,632
15. Apr 19 Buy Schroders plc Company 12. Apr 19 12. Apr 19 317,230 €2.66 €842,464
15. Apr 19 Buy Legal & General Investment Management Limited Company 12. Apr 19 12. Apr 19 9,162 €2.63 €24,067
12. Apr 19 Buy Standard Life Aberdeen plc Company 11. Apr 19 11. Apr 19 8,187 €2.59 €21,190
11. Apr 19 Sell Schroders plc Company 10. Apr 19 10. Apr 19 -1,508,221 €2.54 €-3,829,984
12. Apr 19 Sell BlackRock, Inc. Company 11. Apr 19 11. Apr 19 -6,601 €2.53 €-16,717
12. Apr 19 Buy BlackRock, Inc. Company 11. Apr 19 11. Apr 19 6,650 €2.53 €16,841
11. Apr 19 Sell BlackRock, Inc. Company 10. Apr 19 10. Apr 19 -30,282 €2.57 €-77,779
11. Apr 19 Buy BlackRock, Inc. Company 10. Apr 19 10. Apr 19 13,227 €2.57 €33,974
X
Management checks
We assess G4S's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. G4S has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GHN News

Simply Wall St News

GHN Company Info

Description

G4S plc, together with its subsidiaries, provides security and related services in Africa, the Americas, Asia, Europe, and the Middle East. The company offers software tools, including evidence based risk assessment, incident management, and travel advisory systems, such as RISK360; and proprietary security systems comprising symmetry connect access control and visitor management systems. It also provides custody, detention, rehabilitation, and care services; automated cash solutions for retailers, automated bulk-teller solution for banks, and mobile banking services, as well as G4S Pay, a retail cash solution; and security advice, risk mitigation strategies, secure support, and integrated solutions. The company serves corporates and industrials, government, financial institutions, private energy/utilities, and ports and airports, as well as the retail, transport and logistics, and leisure and tourism sectors. G4S plc was founded in 1901 and is based in London, the United Kingdom.

Details
Name: G4S plc
GHN
Exchange: DB
Founded: 1901
£4,139,639,316
1,546,162,211
Website: http://www.g4s.com
Address: G4S plc
Southside,
5th Floor,
London,
Greater London, SW1E 6QT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE GFS Ordinary Shares London Stock Exchange GB GBP 20. Jul 2004
OTCPK GFSZ.F Ordinary Shares Pink Sheets LLC US USD 20. Jul 2004
DB GHN Ordinary Shares Deutsche Boerse AG DE EUR 20. Jul 2004
CPSE G4S Ordinary Shares OMX Nordic Exchange Copenhagen DK DKK 20. Jul 2004
BATS-CHIXE GFSL Ordinary Shares BATS 'Chi-X Europe' GB GBP 20. Jul 2004
BATS-CHIXE G4SC Ordinary Shares BATS 'Chi-X Europe' GB DKK 20. Jul 2004
OTCPK GFSZ.Y UNSPONSORD ADR Pink Sheets LLC US USD 17. Oct 2008
Number of employees
Current staff
Staff numbers
546,000
G4S employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:07
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/09
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.