AIM:BILB

Stock Analysis Report

Executive Summary

Bilby Plc, through its subsidiaries, provides gas heating, electrical, and general building services to housing associations and local authorities in London and the South East.

Risk Analysis

Earnings have declined by -51.86% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Does not have a meaningful market cap (£15M)



Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Bilby's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BILB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.0%

BILB

-0.1%

GB Commercial Services

-1.1%

GB Market


1 Year Return

-62.8%

BILB

29.9%

GB Commercial Services

12.7%

GB Market

Return vs Industry: BILB underperformed the UK Commercial Services industry which returned 26.8% over the past year.

Return vs Market: BILB underperformed the UK Market which returned 12.7% over the past year.


Shareholder returns

BILBIndustryMarket
7 Day2.0%-0.1%-1.1%
30 Day4.1%1.3%0.07%
90 Day13.3%9.5%6.2%
1 Year-62.8%-62.8%33.8%29.9%18.6%12.7%
3 Year-52.2%-54.5%29.0%18.1%21.8%6.2%
5 Yearn/a46.4%22.9%42.4%9.6%

Price Volatility Vs. Market

How volatile is Bilby's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BILB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BILB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BILB is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: BILB is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BILB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BILB is good value based on its PB Ratio (1.3x) compared to the GB Commercial Services industry average (2x).


Next Steps

Future Growth

How is Bilby forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.0%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bilby has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bilby performed over the past 5 years?

-51.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BILB is currently unprofitable.

Growing Profit Margin: BILB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BILB is unprofitable, and losses have increased over the past 5 years at a rate of -51.9% per year.

Accelerating Growth: Unable to compare BILB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BILB is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (16.1%).


Return on Equity

High ROE: BILB has a negative Return on Equity (-115.44%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bilby's financial position?


Financial Position Analysis

Short Term Liabilities: BILB's short term assets (£21.0M) do not cover its short term liabilities (£24.8M).

Long Term Liabilities: BILB's short term assets (£21.0M) exceed its long term liabilities (£858.0K).


Debt to Equity History and Analysis

Debt Level: BILB's debt to equity ratio (139.2%) is considered high.

Reducing Debt: BILB's debt to equity ratio has increased from 4.8% to 139.2% over the past 5 years.


Balance Sheet

Inventory Level: BILB has a low level of unsold assets or inventory.

Debt Coverage by Assets: BILB's debt is covered by short term assets (assets are 1.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if BILB has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BILB has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.8%markettop25%5.0%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate BILB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BILB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BILB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BILB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BILB is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BILB's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

David Michael Bullen (46yo)

0.8yrs

Tenure

0

Mr. David Michael Alexander Bullen serves as the Chief Executive Officer and Director of Bilby Plc since April 17, 2019. Mr. Bullen served as the Chief Executive Officer of Anpario plc (formerly, Kiotech I ...


Management Age and Tenure

0.8yrs

Average Tenure

46.5yo

Average Age

Experienced Management: BILB's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

52yo

Average Age

Experienced Board: BILB's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • David Michael Bullen (46yo)

    CEO & Director

    • Tenure: 0.8yrs
  • Warren Oliver

    Contracts Manager of P&R Installation Company Limited

    • Lee Venables (45yo)

      COO & Director

      • Tenure: 1.3yrs
    • Chris Webster (47yo)

      Executive Director

      • Tenure: 1.3yrs
    • Dawn Kemp

      Group HR Director

      • Clive Lovett (54yo)

        Group Finance Director & Director

        • Tenure: 1.2yrs

      Board Members

      • David Michael Bullen (46yo)

        CEO & Director

        • Tenure: 0.8yrs
      • Sangita Vadilal Shah (52yo)

        Non Executive Chairman

        • Tenure: 5.1yrs
      • Lee Venables (45yo)

        COO & Director

        • Tenure: 1.3yrs
      • Chris Webster (47yo)

        Executive Director

        • Tenure: 1.3yrs
      • David Johnson (59yo)

        Non Executive Director

        • Tenure: 5yrs
      • Clive Lovett (54yo)

        Group Finance Director & Director

        • Tenure: 1.2yrs
      • David Guest (56yo)

        Non Executive Director

        • Tenure: 0.2yrs

      Company Information

      Bilby Plc's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Bilby Plc
      • Ticker: BILB
      • Exchange: AIM
      • Founded: 2014
      • Industry: Environmental and Facilities Services
      • Sector: Commercial Services
      • Market Cap: UK£14.974m
      • Shares outstanding: 58.72m
      • Website: https://www.bilbyplc.com

      Number of Employees


      Location

      • Bilby Plc
      • 201 Temple Chambers
      • 3-7 Temple Avenue
      • London
      • Greater London
      • EC4Y 0DT
      • United Kingdom

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      BILBAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2015

      Biography

      Bilby Plc, through its subsidiaries, provides gas heating, electrical, and general building services to housing associations and local authorities in London and the South East. It offers building maintenance services, such as internal and external building maintenance, refurbishment and conversion projects, living solutions, domestic and commercial plumbing, electrical design and planning, plastering, bathroom plumbing and installations, window replacements, ground works, carpentry, painting, decorating, and roofing. The company also provides electrical services comprising lateral main, bus bar systems, small power, lighting, trunking, conduit, process circuits, emergency lighting, fire alarm, security alarm, CCTV, door entry systems, lightning protection, building management control systems, networks and data cable management systems, structured cabling systems, control panel, rewires, and PV installations; planned preventative and reactive maintenance services; testing and commissioning services; emergency repairs and PAT testing; and existing equipment/facilities modifications and relocations. In addition, it offers gas maintenance and installation services, including servicing and repairs, fault finding, system upgrades, meter connections, central heating systems, and boiler and cooker installations. Bilby Plc was incorporated in 2014 and is based in London, the United Kingdom. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/25 22:58
      End of Day Share Price2020/01/24 00:00
      Earnings2019/09/30
      Annual Earnings2019/03/31


      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.