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Andrews Sykes Group

AIM:ASY
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASY
AIM
£312M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Andrews Sykes Group plc engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, rest of Europe, the Middle East, Africa, and internationally. The last earnings update was 71 days ago. More info.


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ASY Share Price and Events
7 Day Returns
0%
AIM:ASY
0.5%
GB Trade Distributors
0.1%
GB Market
1 Year Returns
48%
AIM:ASY
-6.9%
GB Trade Distributors
-2.2%
GB Market
ASY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Andrews Sykes Group (ASY) 0% 15.6% 20.3% 48% 136.8% 100%
GB Trade Distributors 0.5% 0.8% -0.6% -6.9% 26.8% 53%
GB Market 0.1% 0.6% -0% -2.2% 11.2% 6.1%
1 Year Return vs Industry and Market
  • ASY outperformed the Trade Distributors industry which returned -6.9% over the past year.
  • ASY outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.2% over the past year.
Price Volatility
ASY
Industry
5yr Volatility vs Market

ASY Value

 Is Andrews Sykes Group 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 Andrews Sykes Group 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 Andrews Sykes Group.

AIM:ASY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:ASY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 19%) (1.44%))
0.945
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.945 * 6.65%)
7.51%

Discounted Cash Flow Calculation for AIM:ASY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Andrews Sykes Group 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.

AIM:ASY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.51%)
2020 12.92 Est @ 4.01% 12.02
2021 13.33 Est @ 3.18% 11.53
2022 13.68 Est @ 2.59% 11.01
2023 13.98 Est @ 2.18% 10.46
2024 14.24 Est @ 1.9% 9.91
2025 14.48 Est @ 1.69% 9.38
2026 14.71 Est @ 1.55% 8.86
2027 14.92 Est @ 1.46% 8.36
2028 15.13 Est @ 1.39% 7.88
2029 15.33 Est @ 1.34% 7.43
Present value of next 10 years cash flows £96.83
AIM:ASY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £15.33 × (1 + 1.23%) ÷ (7.51% – 1.23%)
£246.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £246.89 ÷ (1 + 7.51%)10
£119.65
AIM:ASY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £96.83 + £119.65
£216.48
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £216.48 / 42.17
£5.13
AIM:ASY Discount to Share Price
Calculation Result
Value per share (GBP) From above. £5.13
Current discount Discount to share price of £7.40
= -1 x (£7.40 - £5.13) / £5.13
-44.2%

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

  • The current share price of Andrews Sykes Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Andrews Sykes Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Andrews Sykes Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ASY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.40
AIM:ASY Share Price ** AIM (2019-07-19) in GBP £7.4
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry PE Ratio Median Figure of 18 Publicly-Listed Trade Distributors Companies 15.92x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 791 Publicly-Listed Companies 16.38x

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

** Primary Listing of Andrews Sykes Group.

AIM:ASY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:ASY Share Price ÷ EPS (both in GBP)

= 7.4 ÷ 0.40

18.32x

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

  • Andrews Sykes Group is overvalued based on earnings compared to the GB Trade Distributors industry average.
  • Andrews Sykes Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Andrews Sykes Group's expected growth come at a high price?
Raw Data
AIM:ASY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-7.8%per year
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry PEG Ratio Median Figure of 11 Publicly-Listed Trade Distributors Companies 1.96x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.48x

*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 Andrews Sykes Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Andrews Sykes Group's assets?
Raw Data
AIM:ASY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.40
AIM:ASY Share Price * AIM (2019-07-19) in GBP £7.4
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry PB Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 1.72x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.5x
AIM:ASY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ASY Share Price ÷ Book Value per Share (both in GBP)

= 7.4 ÷ 1.40

5.29x

* Primary Listing of Andrews Sykes Group.

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

  • Andrews Sykes Group is overvalued based on assets compared to the GB Trade Distributors industry average.
X
Value checks
We assess Andrews Sykes Group'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Andrews Sykes Group has a total score of 0/6, 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.

ASY Future Performance

 How is Andrews Sykes Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Andrews Sykes Group, future earnings growth has been estimated based on fundamentals.
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
-7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Andrews Sykes Group expected to grow at an attractive rate?
  • Andrews Sykes Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Andrews Sykes Group's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Andrews Sykes Group's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:ASY Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ASY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -7.8%
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland 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
AIM:ASY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ASY Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 79 19 17
2018-09-30 76 18 16
2018-06-30 74 16 15
2018-03-31 73 17 15
2017-12-31 71 18 14
2017-09-30 71 17 14
2017-06-30 70 16 15
2017-03-31 68 16 15
2016-12-31 65 15 14
2016-09-30 64 15 14
2016-06-30 62 14 13
2016-03-31 61 13 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Andrews Sykes Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Andrews Sykes Group is high growth as no revenue estimate data is available.
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
AIM:ASY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Andrews Sykes Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ASY Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.40
2018-09-30 0.38
2018-06-30 0.36
2018-03-31 0.35
2017-12-31 0.33
2017-09-30 0.34
2017-06-30 0.35
2017-03-31 0.35
2016-12-31 0.34
2016-09-30 0.33
2016-06-30 0.31
2016-03-31 0.28

*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.
  • Unable to establish if Andrews Sykes Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Andrews Sykes Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Andrews Sykes Group has a total score of 0/6, 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.

ASY Past Performance

  How has Andrews Sykes Group 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 Andrews Sykes Group's growth in the last year to its industry (Trade Distributors).
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.
  • Andrews Sykes Group's year on year earnings growth rate has been positive over the past 5 years.
  • Andrews Sykes Group's 1-year earnings growth exceeds its 5-year average (20.9% vs 11.6%)
  • Andrews Sykes Group's earnings growth has exceeded the GB Trade Distributors industry average in the past year (20.9% vs 5.6%).
Earnings and Revenue History
Andrews Sykes Group'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 Andrews Sykes Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ASY 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 78.56 17.05 25.89
2018-09-30 76.17 16.05 24.95
2018-06-30 73.78 15.06 24.01
2018-03-31 72.54 14.58 23.79
2017-12-31 71.30 14.10 23.58
2017-09-30 70.87 14.47 23.52
2017-06-30 70.44 14.85 23.45
2017-03-31 67.91 14.66 23.12
2016-12-31 65.39 14.47 22.79
2016-09-30 63.75 13.87 22.41
2016-06-30 62.11 13.26 22.03
2016-03-31 61.08 12.03 21.78
2015-12-31 60.06 10.80 21.52
2015-09-30 58.97 10.32 21.41
2015-06-30 57.88 9.84 21.30
2015-03-31 57.14 9.57 21.11
2014-12-31 56.40 9.31 20.92
2014-09-30 57.23 9.41 21.09
2014-06-30 58.06 9.52 21.26
2014-03-31 59.56 10.52 21.11
2013-12-31 61.07 11.52 20.97
2013-09-30 60.33 11.45 20.18
2013-06-30 59.58 11.38 19.39
2013-03-31 58.98 11.23 19.00
2012-12-31 58.38 11.07 18.61
2012-09-30 56.54 11.71 18.28

*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.
  • Andrews Sykes Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Andrews Sykes Group used its assets more efficiently than the GB Trade Distributors industry average last year based on Return on Assets.
  • Andrews Sykes Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Andrews Sykes Group'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 Trade Distributors 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.
Andrews Sykes Group has a total score of 6/6, 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.

ASY Health

 How is Andrews Sykes Group'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 Andrews Sykes Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Andrews Sykes Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Andrews Sykes Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Andrews Sykes Group'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 11.8x 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 Andrews Sykes Group Company Filings, last reported 6 months ago.

AIM:ASY Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 59.00 4.48 27.86
2018-09-30 59.00 4.48 27.86
2018-06-30 55.49 4.47 21.49
2018-03-31 55.49 4.47 21.49
2017-12-31 53.38 4.97 25.31
2017-09-30 53.38 4.97 25.31
2017-06-30 50.50 4.96 22.45
2017-03-31 50.50 4.96 22.45
2016-12-31 48.21 5.00 22.82
2016-09-30 48.21 5.00 22.82
2016-06-30 45.16 4.99 20.59
2016-03-31 45.16 4.99 20.59
2015-12-31 43.65 5.98 20.72
2015-09-30 43.65 5.98 20.72
2015-06-30 40.46 5.97 19.70
2015-03-31 40.46 5.97 19.70
2014-12-31 42.13 6.96 24.08
2014-09-30 42.13 6.96 24.08
2014-06-30 41.57 6.95 22.56
2014-03-31 41.57 6.95 22.56
2013-12-31 43.84 7.94 27.42
2013-09-30 43.84 7.94 27.42
2013-06-30 43.45 7.93 29.07
2013-03-31 43.45 7.93 29.07
2012-12-31 40.84 8.00 24.11
2012-09-30 40.84 8.00 24.11
  • Andrews Sykes Group's level of debt (7.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.9% vs 7.6% today).
  • Debt is well covered by operating cash flow (426.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 370.8x coverage).
X
Financial health checks
We assess Andrews Sykes Group'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. Andrews Sykes Group has a total score of 6/6, 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.

ASY Dividends

 What is Andrews Sykes Group'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
3.22%
Current annual income from Andrews Sykes Group dividends.
If you bought £2,000 of Andrews Sykes Group shares you are expected to receive £64 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?
  • Andrews Sykes Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • Andrews Sykes Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.45%).
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
AIM:ASY 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

AIM:ASY Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.238 3.540
2019-05-09 0.238 3.987
2018-09-28 0.238 4.273
2018-06-20 0.238 4.244
2017-09-28 0.238 4.394
2017-05-22 0.238 4.350
2017-05-11 0.238 4.781
2016-09-29 0.238 5.667
2016-05-24 0.238 7.384
2016-05-11 0.238 7.353
2015-05-27 0.238 7.433
2015-05-06 0.238 7.455
2014-09-29 0.357 11.519
2014-05-07 0.297 8.245
2014-05-06 0.297 8.704
2013-10-29 0.178 5.317
2013-06-18 0.178 6.755
2013-05-24 0.071 2.835
2013-05-01 0.071 2.965
2012-03-16 0.066 3.455
2011-05-04 0.111 5.933
2011-05-03 0.111 5.390
2010-05-06 0.000 0.000
2010-03-01 0.000 0.000
2009-09-30 0.000 0.000
2009-06-17 0.336 34.710
2008-12-31 0.336 47.362
2008-09-25 0.336 38.470

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Andrews Sykes Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Andrews Sykes Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Andrews Sykes Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Andrews Sykes Group has a total score of 2/6, see the detailed checks below.


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

ASY Management

 What is the CEO of Andrews Sykes Group'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
Paul Wood
COMPENSATION £566,000
AGE 56
TENURE AS CEO 12.6 years
CEO Bio

Mr. Paul Thomas Wood has been Managing Director of Andrews Sykes Group plc since December 5, 2006. Mr. Wood is an Industry specialist and served as Director of Operations of Andrews Sykes Group plc since March 1, 2006. He has vast experience in the industry having originally joined Andrews Sykes Group PLC n August 1978. Mr. Wood serves as Director of Andrews Sykes Hire Limited. He serves as Executive Director of Andrews Sykes Group plc. Mr. Wood serves as Director of Sykes BV and Khansaheb Sykes LLC.

CEO Compensation
  • Paul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Paul's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Andrews Sykes Group management team in years:

12.6
Average Tenure
  • The average tenure for the Andrews Sykes Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paul Wood

TITLE
MD & Executive Director
COMPENSATION
£566K
AGE
56
TENURE
12.6 yrs

Andrew Phillips

TITLE
Chief Financial Officer
AGE
55
TENURE
4.4 yrs

Mark Calderbank

TITLE
Company Secretary
TENURE
19.8 yrs
Board of Directors Tenure

Average tenure and age of the Andrews Sykes Group board of directors in years:

11.2
Average Tenure
54.5
Average Age
  • The average tenure for the Andrews Sykes Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jacques Murray

TITLE
Chairman
AGE
99

Paul Wood

TITLE
MD & Executive Director
COMPENSATION
£566K
AGE
56

Jean-Jacques Murray

TITLE
Non Executive Vice Chairman
COMPENSATION
£28K
AGE
52
TENURE
11.2 yrs

Andrew Kitchingman

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£13K
AGE
54
TENURE
1 yrs

Emmanuel David Olivier Sebag

TITLE
Non Executive Director
AGE
51

Xavier Mignolet

TITLE
Non-Executive Director
AGE
55
TENURE
12.4 yrs

Marie-Claire Leon

TITLE
Non-Executive Director
COMPENSATION
£20K
AGE
55
TENURE
12.4 yrs

Jean-Pierre Murray

TITLE
Non Executive Director
COMPENSATION
£20K
AGE
51
TENURE
10.9 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 (£)
X
Management checks
We assess Andrews Sykes Group'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. Andrews Sykes Group 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.

ASY News

Simply Wall St News

If You Had Bought Andrews Sykes Group (LON:ASY) Shares Three Years Ago You'd Have Made 118%

To wit, the Andrews Sykes Group plc (LON:ASY) share price has flown 118% in the last three years. … During three years of share price growth, Andrews Sykes Group achieved compound earnings per share growth of 16% per year. … As it happens, Andrews Sykes Group's TSR for the last 3 years was 150%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Does Andrews Sykes Group plc (LON:ASY) Have A Place In Your Dividend Portfolio?

With Andrews Sykes Group yielding 3.6% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. Andrews Sykes Group has grown its earnings per share at 8.2% per annum over the past five years. The rate at which earnings have grown is quite decent, and by paying out more than half of its earnings as dividends, the company is striking a reasonable balance between reinvestment and returns to shareholders. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Andrews Sykes Group's is paying out more than half its income as dividends, but at least the dividend is covered by both reported earnings and cashflow.

Simply Wall St -

Andrews Sykes Group (LON:ASY) Has A Rock Solid Balance Sheet

We note that Andrews Sykes Group plc (LON:ASY) does have debt on its balance sheet. … While Andrews Sykes Group has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Summing up While it is always sensible to investigate a company's debt, in this case Andrews Sykes Group has UK£23m in net cash and a decent-looking balance sheet.

Simply Wall St -

A Closer Look At Andrews Sykes Group plc's (LON:ASY) Impressive ROE

Check out our latest analysis for Andrews Sykes Group How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Andrews Sykes Group: 29% = UK£17m ÷ UK£59m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Despite Its High P/E Ratio, Is Andrews Sykes Group plc (LON:ASY) Still Undervalued?

We'll look at Andrews Sykes Group plc's (LON:ASY) P/E ratio and reflect on what it tells us about the company's share price. … See our latest analysis for Andrews Sykes Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Andrews Sykes Group: P/E of 16.28 = £6.58 ÷ £0.40 (Based on the year to December 2018.) Is A High P/E Ratio Good?

Simply Wall St -

Income Investors Should Know The Andrews Sykes Group plc (LON:ASY) Ex-Dividend Date

See our latest analysis for Andrews Sykes Group How I analyze a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it the top 25% annual dividend yield payer? … AIM:ASY Historical Dividend Yield, May 26th 2019 How does Andrews Sykes Group fare? … In terms of its peers, Andrews Sykes Group has a yield of 3.5%, which is high for Trade Distributors stocks but still below the market's top dividend payers.

Simply Wall St -

Here's Why I Think Andrews Sykes Group (LON:ASY) Is An Interesting Stock

As a result, I'm encouraged by the fact that insiders own Andrews Sykes Group shares worth a considerable sum. … Earnings growth might be the main game for Andrews Sykes Group, but the fun does not stop there. … Of course, just because Andrews Sykes Group is growing does not mean it is undervalued.

Simply Wall St -

Why We Like Andrews Sykes Group plc’s (LON:ASY) 32% Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Is Andrews Sykes Group plc's (LON:ASY) CEO Overpaid Relative To Its Peers?

Paul Wood has been the CEO of Andrews Sykes Group plc (LON:ASY) since 2006. … How Does Paul Wood's Compensation Compare With Similar Sized Companies. … According to our data, Andrews Sykes Group plc has a market capitalization of UK£243m, and pays its CEO total annual compensation worth UK£546k.

Simply Wall St -

Is Andrews Sykes Group plc (LON:ASY) A Top Dividend Stock?

Historically, Andrews Sykes Group plc (LON:ASY) has paid dividends to shareholders, and these days it yields 4.1%. … Let's dig deeper into whether Andrews Sykes Group should have a place in your portfolio. … View our latest analysis for Andrews Sykes Group

Simply Wall St -

ASY Company Info

Description

Andrews Sykes Group plc engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, rest of Europe, the Middle East, Africa, and internationally. It operates through Hire and Sales Europe, Hire and Sales Middle East, and Installation segments. The company offers air conditioning products, including exhaust tube and split type air conditioners, evaporative coolers, cooling fans, and portable humidifiers; and pumps, such as general purpose, silenced range, submersible drainage and sludge, submersible wastewater, hydraulic submersible, and air pumps, as well as pump spares, and hoses and accessories. It also provides fluid chillers, low temperature chillers, air handlers, and fan coils; electric, direct and indirect fired gas, direct and indirect fired oil, high capacity, and marquee heaters; electric, mobile, and packaged boilers, as well as boiler air handlers and fan coils; and ventilation and cooling fans, industrial fans, and carpet dryers. In addition, the company offers building dryers, refrigerant and desiccant dehumidifiers, and humidifiers. It primarily serves construction and utility companies, local authorities, retail and leisure groups, healthcare establishments, facilities management and IT companies, warehousing and distribution operations, event organizers, HVAC contractors, petro-chem plants, telecommunications providers, data centers, and food manufacturers. The company was founded in 1857 and is headquartered in Wolverhampton, the United Kingdom. Andrews Sykes Group plc is a subsidiary of EOI Sykes Sarl.

Details
Name: Andrews Sykes Group plc
ASY
Exchange: AIM
Founded: 1857
£312,090,256
42,174,359
Website: http://www.andrews-sykes.com
Address: Andrews Sykes Group plc
St David's Court,
Union Street,
Wolverhampton,
West Midlands, WV1 3JE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ASY Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
600
Andrews Sykes Group employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 20:40
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/09
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.