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DRV

Driver GroupAIM:DRV Stock Report

Market Cap

UK£32.6m

7D

-6.9%

1Y

11.0%

Updated

30 Nov, 2021

Data

Company Financials +
DRV fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance1/6
Financial Health6/6
Dividends2/6

DRV Stock Overview

Driver Group plc provides consultancy services to the engineering and construction industries worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Driver Group
Historical stock prices
Current Share PriceUK£0.60
52 Week HighUK£0.71
52 Week LowUK£0.46
Beta1.26
1 Month Change-8.33%
3 Month Change9.01%
1 Year Change11.01%
3 Year Change-23.90%
5 Year Change4.31%
Change since IPO-15.38%

Recent News & Updates

Nov 27
Should You Investigate Driver Group plc (LON:DRV) At UK£0.58?

Should You Investigate Driver Group plc (LON:DRV) At UK£0.58?

While Driver Group plc ( LON:DRV ) might not be the most widely known stock at the moment, it saw a decent share price...

May 08
There's Been No Shortage Of Growth Recently For Driver Group's (LON:DRV) Returns On Capital

There's Been No Shortage Of Growth Recently For Driver Group's (LON:DRV) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...

Mar 05
Driver Group plc (LON:DRV) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Driver Group plc (LON:DRV) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Driver Group (LON:DRV) has had a rough three months with its share price down 7.3%. But if you pay close attention, you...

Feb 07
We Like These Underlying Trends At Driver Group (LON:DRV)

We Like These Underlying Trends At Driver Group (LON:DRV)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...

Shareholder Returns

DRVGB ConstructionGB Market
7D-6.9%-2.9%-2.6%
1Y11.0%21.2%10.9%

Return vs Industry: DRV underperformed the UK Construction industry which returned 25.3% over the past year.

Return vs Market: DRV underperformed the UK Market which returned 13.8% over the past year.

Price Volatility

Is DRV's price volatile compared to industry and market?
DRV volatility
DRV Average Weekly Movement6.5%
Construction Industry Average Movement4.0%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: DRV is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DRV's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978406Mark Wheelerhttps://www.driver-group.com

Driver Group plc provides consultancy services to the engineering and construction industries worldwide. It operates through three divisions: Europe & Americas, Middle East, and Asia Pacific. The company offers quantity surveying, planning/programming, quantum and planning expert, dispute avoidance/resolution, litigation support, contract administration, commercial advice/management, commercial and contract, delay analysis, pre-contract, project management, building information modelling, and training and seminar services.

Driver Group Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
DRV income statement (TTM)
RevenueUK£49.99m
Cost of RevenueUK£36.91m
Gross ProfitUK£13.08m
ExpensesUK£12.12m
EarningsUK£953.00k

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Dec 14, 2021

Earnings per share (EPS)0.018
Gross Margin26.16%
Net Profit Margin1.91%
Debt/Equity Ratio1.2%

How did DRV perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

82%

Payout Ratio

Valuation

Is Driver Group undervalued compared to its fair value and its price relative to the market?

34.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DRV (£0.61) is trading above our estimate of fair value (£0.28)

Significantly Below Fair Value: DRV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DRV is poor value based on its PE Ratio (34.2x) compared to the UK Construction industry average (19.8x).

PE vs Market: DRV is poor value based on its PE Ratio (34.2x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: DRV is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: DRV is overvalued based on its PB Ratio (1.6x) compared to the GB Construction industry average (1.4x).


Future Growth

How is Driver Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

68.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRV's forecast earnings growth (68.1% per year) is above the savings rate (0.9%).

Earnings vs Market: DRV's earnings (68.1% per year) are forecast to grow faster than the UK market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DRV's revenue (4.8% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: DRV's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DRV's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Driver Group performed over the past 5 years?

48.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRV has a large one-off loss of £719.0K impacting its March 31 2021 financial results.

Growing Profit Margin: DRV's current net profit margins (1.9%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: DRV has become profitable over the past 5 years, growing earnings by 48% per year.

Accelerating Growth: DRV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DRV had negative earnings growth (-66.7%) over the past year, making it difficult to compare to the Construction industry average (-7.7%).


Return on Equity

High ROE: DRV's Return on Equity (4.6%) is considered low.


Financial Health

How is Driver Group's financial position?


Financial Position Analysis

Short Term Liabilities: DRV's short term assets (£25.4M) exceed its short term liabilities (£9.6M).

Long Term Liabilities: DRV's short term assets (£25.4M) exceed its long term liabilities (£1.2M).


Debt to Equity History and Analysis

Debt Level: DRV has more cash than its total debt.

Reducing Debt: DRV's debt to equity ratio has reduced from 89.4% to 1.2% over the past 5 years.

Debt Coverage: DRV's debt is well covered by operating cash flow (2376.8%).

Interest Coverage: DRV's interest payments on its debt are well covered by EBIT (22.2x coverage).


Balance Sheet


Dividend

What is Driver Group current dividend yield, its reliability and sustainability?

1.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DRV's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: DRV's dividend (1.24%) is low compared to the top 25% of dividend payers in the UK market (4.17%).


Stability and Growth of Payments

Stable Dividend: DRV's dividend payments have been volatile in the past 10 years.

Growing Dividend: DRV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.1%), DRV's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average board tenure


CEO

Mark Wheeler (53 yo)

1.42yrs

Tenure

UK£393,418

Compensation

Mr. Mark Wheeler serves as the Group Chief Executive Officer of Driver Group plc since June 1, 2020. He had been the Global Chief Operating Officer since September 19, 2016 until May 31, 2020 and serves as...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD520.91K) is above average for companies of similar size in the UK market ($USD324.53K).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: DRV's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Company Information

Driver Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Driver Group plc
  • Ticker: DRV
  • Exchange: AIM
  • Founded: 1978
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: UK£32.615m
  • Shares outstanding: 53.91m
  • Website: https://www.driver-group.com

Number of Employees


Location

  • Driver Group plc
  • Driver House
  • 4 St Crispin Way
  • Haslingden
  • Lancashire
  • BB4 4PW
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 21:44
End of Day Share Price2021/11/30 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.