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Saga

DB:2S8
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2S8
DB
£529M
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The last earnings update was 79 days ago. More info.


Add to Portfolio Compare Print
  • Saga has significant price volatility in the past 3 months.
2S8 Share Price and Events
7 Day Returns
23.2%
DB:2S8
0.5%
DE Insurance
-0.7%
DE Market
1 Year Returns
-61.2%
DB:2S8
21.2%
DE Insurance
-7.6%
DE Market
2S8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saga (2S8) 23.2% 27.9% -21.3% -61.2% -78% -
DE Insurance 0.5% 2.1% 2.1% 21.2% 63% 61.1%
DE Market -0.7% -0.9% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • 2S8 underperformed the Insurance industry which returned 21.2% over the past year.
  • 2S8 underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
2S8
Industry
5yr Volatility vs Market

2S8 Value

 Is Saga 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 Saga 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 Saga.

DB:2S8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= £0.96 * 9.3%
£0.09
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. £0.96
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:2S8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 19%) (84.16%))
1.102
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.102 * 6.65%)
7.56%

Discounted Cash Flow Calculation for DB:2S8 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Saga is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:2S8 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.3% – 7.56%) * £0.96)
£0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.02 / (7.56% - 0.23%)
£0.23
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.96 + £0.23
£1.18
DB:2S8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2S8 represents 1.1144x of LSE:SAGA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.1144x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.18 x 1.1144
€1.32
Value per share (EUR) From above. €1.32
Current discount Discount to share price of €0.53
= -1 x (€0.53 - €1.32) / €1.32
60.1%

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

Current Discount
Amount off the current price Saga is available for.
Intrinsic value
>50%
Share price is €0.53 vs Future cash flow value of €1.32
Current Discount Checks
For Saga to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saga's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Saga'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 Saga's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saga's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2S8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in GBP £-0.14
LSE:SAGA Share Price ** LSE (2019-07-19) in GBP £0.47
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Saga.

DB:2S8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.47 ÷ -0.14

-3.26x

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

  • Saga is loss making, we can't compare its value to the DE Insurance industry average.
  • Saga is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Saga's expected growth come at a high price?
Raw Data
DB:2S8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
37.2%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.16x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Saga, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Saga's assets?
Raw Data
DB:2S8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in GBP £0.86
LSE:SAGA Share Price * LSE (2019-07-19) in GBP £0.47
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.09x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:2S8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.47 ÷ 0.86

0.55x

* Primary Listing of Saga.

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

  • Saga is good value based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Saga'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Saga has a total score of 3/6, 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.

2S8 Future Performance

 How is Saga expected to perform in the next 1 to 3 years based on estimates from 4 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
37.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saga expected to grow at an attractive rate?
  • Saga's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Saga's earnings growth is expected to exceed the Germany market average.
  • Saga's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2S8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2S8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 37.2%
DB:2S8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.1%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:2S8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2S8 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 212 129
2023-01-31 916 199 104 1
2022-01-31 873 171 100 3
2021-01-31 818 130 84 3
2020-01-31 788 124 82 3
DB:2S8 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-01-31 843 138 -162
2018-07-31 862 120 147
2018-04-30 866 128 146
2018-01-31 869 135 147
2017-07-31 882 144 155
2017-04-30 885 141 156
2017-01-31 888 139 157
2016-10-31 911 137 156
2016-07-31 934 136 155
2016-04-30 954 143 151

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Saga's earnings are expected to grow significantly at over 20% yearly.
  • Saga's revenue is expected to grow by 2.1% 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:2S8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Saga Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2S8 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31 0.12 0.12 0.12 1.00
2023-01-31 0.09 0.10 0.08 2.00
2022-01-31 0.09 0.10 0.08 5.00
2021-01-31 0.08 0.08 0.07 5.00
2020-01-31 0.07 0.08 0.07 5.00
DB:2S8 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-01-31 -0.14
2018-07-31 0.13
2018-04-30 0.13
2018-01-31 0.13
2017-07-31 0.14
2017-04-30 0.14
2017-01-31 0.14
2016-10-31 0.14
2016-07-31 0.14
2016-04-30 0.14

*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.
  • Saga is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Saga'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.
Saga has a total score of 3/6, 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.

2S8 Past Performance

  How has Saga 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 Saga's growth in the last year to its industry (Insurance).
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.
  • Saga does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Saga's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Saga's 1-year growth to the DE Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Saga'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 Saga Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2S8 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 843.20 -162.00 227.10
2018-07-31 862.30 147.40 219.10
2018-04-30 865.65 146.25 222.25
2018-01-31 869.30 147.00 228.40
2017-07-31 882.40 155.00 227.80
2017-04-30 885.00 156.15 226.50
2017-01-31 887.60 157.30 225.20
2016-10-31 910.60 156.00 222.05
2016-07-31 933.60 154.70 218.90
2016-04-30 953.90 151.25 210.55
2016-01-31 974.20 147.80 202.20
2015-10-31 964.75 142.50 171.10
2015-07-31 955.30 137.20 140.00
2015-04-30 936.30 111.60 156.75
2015-01-31 917.30 86.00 173.50
2014-07-31 762.70 88.40 153.10
2014-04-30 859.70 107.60 154.55
2014-01-31 956.70 126.80 156.00
2013-01-31 1,329.30 113.10 252.00

*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.
  • It is difficult to establish if Saga has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Saga has efficiently used its assets last year compared to the DE Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Saga improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Saga'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 Insurance 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.
Saga has a total score of 0/6, 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.

2S8 Health

 How is Saga'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 Saga's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saga's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Saga's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Saga'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 1.7x 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 Saga Company Filings, last reported 5 months ago.

DB:2S8 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 964.30 441.90 57.60
2018-07-31 1,268.10 451.20 29.30
2018-04-30 1,268.10 451.20 29.30
2018-01-31 1,225.50 452.40 69.40
2017-07-31 1,221.00 481.60 51.40
2017-04-30 1,221.00 481.60 51.40
2017-01-31 1,195.20 484.50 53.60
2016-10-31 1,195.20 484.50 53.60
2016-07-31 1,126.60 554.20 275.30
2016-04-30 1,126.60 554.20 275.30
2016-01-31 1,088.20 565.60 152.50
2015-10-31 1,088.20 565.60 152.50
2015-07-31 1,024.30 565.70 169.30
2015-04-30 1,024.30 565.70 169.30
2015-01-31 984.10 698.00 216.30
2014-07-31 1,163.10 692.90 172.20
2014-04-30 1,163.10 692.90 172.20
2014-01-31 1,119.80 1,789.70 218.10
2013-01-31 1,045.10 2,955.30 566.40
  • Saga's level of debt (46.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (158.7% vs 46.1% today).
  • Debt is well covered by operating cash flow (31%, greater than 20% of total debt).
  • Saga is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Saga'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. Saga 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.

2S8 Dividends

 What is Saga'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
8.47%
Current annual income from Saga dividends. Estimated to be 9.05% next year.
If you bought €2,000 of Saga shares you are expected to receive €169 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?
  • Saga's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Saga's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
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:2S8 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 4 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:2S8 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-01-31 0.06 1.00
2023-01-31 0.05 2.00
2022-01-31 0.04 5.00
2021-01-31 0.04 5.00
2020-01-31 0.04 5.00
DB:2S8 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.040 8.664
2018-09-27 0.090 7.920
2018-05-11 0.090 7.178
2018-04-12 0.090 6.826
2017-06-22 0.085 5.522
2016-09-23 0.077 3.885
2016-06-21 0.100 4.779
2015-09-30 0.044 2.204
2015-06-24 0.041 1.952
2015-04-30 0.060 2.881
2015-04-29 0.060 3.144

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

  • Saga has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Saga has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Saga's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Saga'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 Saga afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saga has a total score of 3/6, see the detailed checks below.


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

2S8 Management

 What is the CEO of Saga'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
Lance H. Batchelor
COMPENSATION £1,191,743
AGE 55
TENURE AS CEO 5.3 years
CEO Bio

Mr. Lance H. L. Batchelor has been the Group Chief Executive Officer at Saga Group Limited, Saga plc since March 2014. Mr. Batchelor joined Saga in March 2014. He served as the Chief Executive Officer at Domino's Pizza Group plc from December 12, 2011 to March 16, 2014 and served as its Deputy Chief Executive Officer from June 27, 2011 to December 12, 2011. Mr. Batchelor served as Marketing Director of UK at Tesco PLC since August 6, 2007. He served as Chief Executive Officer of Tesco Mobile Limited (alternate name, Tesco Telecom) from September 2008 to February 2011 and oversaw the development and commercial success across all parts of its business. He served as Global Director of Vodafone 'Live'. He also served as Marketing Director Vodafone U.K. From 2000 to 2002 he worked for Amazon.com, where he served as Chief Marketing Officer and general manager. He spent 8 years in senior marketing roles at Procter & Gamble, both in the UK and the USA. Mr. Batchelor started his career with The Royal Navy where he served as a Submarine Warfare Officer. He is also a Vice Patron of the Royal Navy & Royal Marines Charity. He has been a Director of Saga plc since April 2014. He is a Trustee of The National Gallery and White Ensign Association. He served as an Executive Director of Domino's Pizza Group plc (alternate name, Domino's Pizza UK & Ireland plc) from July 13, 2010 to March 16, 2014. He served as a Non-Executive Director of HiWave Technologies PLC since October 20, 2004. He completed his MBA at Harvard Business School.

CEO Compensation
  • Lance H.'s compensation has increased whilst company is loss making.
  • Lance H.'s remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Saga management team in years:

1.5
Average Tenure
  • The average tenure for the Saga management team is less than 2 years, this suggests a new team.
Management Team

Lance H. Batchelor

TITLE
Group CEO & Director
COMPENSATION
£1M
AGE
55
TENURE
5.3 yrs

James Quin

TITLE
Group CFO & Executive Director
COMPENSATION
£402K
AGE
50
TENURE
0.5 yrs

Mark Watkins

TITLE
Director of Investor Relations

Helen Webb

TITLE
Chief Risk & Compliance Officer

Andy Bulgin

TITLE
Chief Risk Officer

Stuart Beamish

TITLE
Group Chief Customer Officer
TENURE
0.7 yrs

Vicki Haynes

TITLE
Company Secretary

Robin Shaw

TITLE
Chief Executive Officer of Travels
TENURE
1.5 yrs

Gary Duggan

TITLE
Chief Executive of Insurance Broking
TENURE
1.5 yrs
Board of Directors Tenure

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

1.2
Average Tenure
59
Average Age
  • The average tenure for the Saga board of directors is less than 3 years, this suggests a new board.
Board of Directors

Patrick Henry O'Sullivan

TITLE
Chairman
COMPENSATION
£244K
AGE
70
TENURE
1.2 yrs

Lance H. Batchelor

TITLE
Group CEO & Director
COMPENSATION
£1M
AGE
55
TENURE
5.3 yrs

James Quin

TITLE
Group CFO & Executive Director
COMPENSATION
£402K
AGE
50
TENURE
0.5 yrs

Ray King

TITLE
Independent Non-Executive Director
COMPENSATION
£74K
AGE
65
TENURE
5.2 yrs

Orna Ni-Chionna

TITLE
Senior Independent Non Executive Director
COMPENSATION
£97K
AGE
63
TENURE
2.3 yrs

Gareth Williams

TITLE
Independent Non-Executive Director
COMPENSATION
£74K
AGE
66
TENURE
5.2 yrs

Julie Hopes

TITLE
Independent Non-Executive Director
COMPENSATION
£36K
AGE
51
TENURE
0.8 yrs

Eva Eisenschimmel

TITLE
Non-Executive Director
COMPENSATION
£5K
AGE
57
TENURE
0.5 yrs

Gareth Hoskin

TITLE
Independent Non-Executive Director
AGE
59
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Apr 19 Buy Lance H. Batchelor Individual 17. Apr 19 17. Apr 19 2,640 €0.66 €1,740
24. Apr 19 Buy Raymond King Individual 17. Apr 19 17. Apr 19 16,852 €0.68 €11,456
16. Apr 19 Buy Patrick Henry O'Sullivan Individual 12. Apr 19 12. Apr 19 30,000 €0.66 €19,813
16. Apr 19 Buy Gareth Williams Individual 12. Apr 19 12. Apr 19 11,384 €0.66 €7,466
27. Nov 18 Buy Patrick Henry O'Sullivan Individual 23. Nov 18 23. Nov 18 30,000 €1.24 €37,175
X
Management checks
We assess Saga'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. Saga 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.

2S8 News

Simply Wall St News

2S8 Company Info

Description

Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The company operates in three segments: Insurance, Travel, and Emerging Businesses and Central Costs. It offers car, caravan, motorhome, breakdown cover, home, landlord, holiday home, home emergency, pet, travel, boat, health, personal accident, and life insurance, as well as accidental death benefit products. The company also operates and delivers package tours and cruise holiday products; and provides personal loans, equity release and care funding advice, financial planning, savings accounts, shares ISAs, share dealing nominee and certificated accounts, travel money, credit cards, and wealth management services. In addition, it offers domiciliary care, automotive vehicles repair, and mailing house services; operates retirement villages; and publishes Saga Magazine. The company was formerly known as Saga Limited and changed its name to Saga plc in May 2014. Saga plc was founded in 1950 and is headquartered in Folkestone, the United Kingdom.

Details
Name: Saga plc
2S8
Exchange: DB
Founded: 1950
£588,998,614
1,119,968,082
Website: http://www.saga.co.uk
Address: Saga plc
Enbrook Park,
Sandgate,
Folkestone,
Kent, CT20 3SE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SAGA Ordinary Shares London Stock Exchange GB GBP 23. May 2014
OTCPK SGPL.F Ordinary Shares Pink Sheets LLC US USD 23. May 2014
DB 2S8 Ordinary Shares Deutsche Boerse AG DE EUR 23. May 2014
BATS-CHIXE SAGAL Ordinary Shares BATS 'Chi-X Europe' GB GBP 23. May 2014
Number of employees
Current staff
Staff numbers
4,120
Saga employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 23:41
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/03
Last earnings reported: 2019/01/31
Last annual earnings reported: 2019/01/31


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.