AIM:CTG

Stock Analysis Report

Executive Summary

Christie Group plc, together with its subsidiaries, provides professional business services for leisure, retail, and care sectors in Europe and internationally.

Rewards

PE ratio (12.1x) is below the UK market (17.6x)

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

Profit margins (3%) are lower than last year (4.6%)

Does not have a meaningful market cap (£27M)



Snowflake Analysis

Slightly overvalued with questionable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CTG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.1%

CTG

-0.5%

GB Professional Services

2.3%

GB Market


1 Year Return

6.6%

CTG

16.9%

GB Professional Services

10.7%

GB Market

Return vs Industry: CTG underperformed the UK Professional Services industry which returned 16.9% over the past year.

Return vs Market: CTG underperformed the UK Market which returned 10.7% over the past year.


Shareholder returns

CTGIndustryMarket
7 Day7.1%-0.5%2.3%
30 Day2.4%0.01%2.3%
90 Day-5.4%0.7%2.5%
1 Year10.2%6.6%19.6%16.9%16.5%10.7%
3 Year36.4%25.6%51.3%41.0%21.3%5.9%
5 Year-13.7%-24.1%106.9%82.5%41.1%8.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CTG (£1.06) is trading above our estimate of fair value (£0.09)

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


Price To Earnings Ratio

PE vs Industry: CTG is good value based on its PE Ratio (12.1x) compared to the Professional Services industry average (21.1x).

PE vs Market: CTG is good value based on its PE Ratio (12.1x) compared to the UK market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CTG has negative assets, so we can't compare its PB Ratio to the GB Professional Services industry average.


Next Steps

Future Growth

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

9.2%

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 Christie Group 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 Christie Group performed over the past 5 years?

7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTG has high quality earnings.

Growing Profit Margin: CTG's current net profit margins (3%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: CTG's earnings have grown by 7.4% per year over the past 5 years.

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

Earnings vs Industry: CTG had negative earnings growth (-33.7%) over the past year, making it difficult to compare to the Professional Services industry average (16%).


Return on Equity

High ROE: CTG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Christie Group's financial position?


Financial Position Analysis

Short Term Liabilities: CTG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CTG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CTG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CTG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: CTG's debt is not well covered by operating cash flow (8.5%).

Interest Coverage: CTG's interest payments on its debt are well covered by EBIT (5.9x coverage).


Balance Sheet

Inventory Level: CTG has a high level of physical assets or inventory.

Debt Coverage by Assets: CTG has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

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

2.84%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.9%markettop25%5.1%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CTG's dividend (2.84%) is higher than the bottom 25% of dividend payers in the UK market (1.9%).

High Dividend: CTG's dividend (2.84%) is low compared to the top 25% of dividend payers in the UK market (5.09%).


Stability and Growth of Payments

Stable Dividend: CTG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CTG's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.3%), CTG's dividend payments are well 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

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

6.6yrs

Average management tenure


CEO

David Rugg (65yo)

19.9yrs

Tenure

UK£571,000

Compensation

Mr. David B. Rugg has been the Group Chief Executive Officer of Christie Group PLC 2000 and as its Chairman of the Board since September 18, 2017. Mr. Rugg is responsible for the day-to-day operation and d ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD761.48K) is above average for companies of similar size in the UK market ($USD333.40K).

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


Management Age and Tenure

6.6yrs

Average Tenure

60yo

Average Age

Experienced Management: CTG's management team is seasoned and experienced (6.6 years average tenure).


Board Age and Tenure

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: CTG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: CTG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£7,72522 Nov 19
Victoria Muir
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares7,500
Max PriceUK£1.03
BuyUK£4,92501 Jul 19
David Rugg
EntityIndividual
Role
Chief Executive Officer
CEO & Chairman
Shares5,000
Max PriceUK£0.98

Ownership Breakdown

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


Management Team

  • David Rugg (65yo)

    CEO & Chairman

    • Tenure: 19.9yrs
    • Compensation: UK£571.00k
  • Chris Day (61yo)

    Executive Director

    • Tenure: 0yrs
    • Compensation: UK£512.00k
  • Paul Harding (60yo)

    Executive Director

    • Tenure: 8.4yrs
    • Compensation: UK£288.00k
  • Justin Cain

    Managing Director - Pinders

    • Tenure: 0yrs
  • Simon Hughes

    Head of Medical - Christie & Co and Director of Christie & Co

    • Tenure: 6.6yrs
  • Walter Murray

    Managing Director - Christie Insurance

    • Tenure: 0yrs
  • Dan Prickett (42yo)

    COO & Director

    • Tenure: 9.8yrs
    • Compensation: UK£348.00k
  • Simon Hawkins (48yo)

    Group Finance Director & Director

    • Tenure: 2.3yrs
    • Compensation: UK£233.00k
  • Charlotte French

    Head of Internal Audit & Group Company Secretary

    • Tenure: 0.9yrs

Board Members

  • David Rugg (65yo)

    CEO & Chairman

    • Tenure: 19.9yrs
    • Compensation: UK£571.00k
  • Chris Day (61yo)

    Executive Director

    • Tenure: 0yrs
    • Compensation: UK£512.00k
  • Paul Harding (60yo)

    Executive Director

    • Tenure: 8.4yrs
    • Compensation: UK£288.00k
  • Victoria Muir (47yo)

    Independent Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: UK£19.00k
  • Simon Hughes

    Head of Medical - Christie & Co and Director of Christie & Co

    • Tenure: 6.6yrs
  • Dan Prickett (42yo)

    COO & Director

    • Tenure: 9.8yrs
    • Compensation: UK£348.00k
  • Hwfa Anthony Gwyn (39yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: UK£30.00k
  • Simon Hawkins (48yo)

    Group Finance Director & Director

    • Tenure: 2.3yrs
    • Compensation: UK£233.00k
  • Laurie Benson (59yo)

    Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: UK£30.00k

Company Information

Christie Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Christie Group plc
  • Ticker: CTG
  • Exchange: AIM
  • Founded: 1846
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: UK£27.005m
  • Shares outstanding: 25.60m
  • Website: https://www.christiegroup.com

Number of Employees


Location

  • Christie Group plc
  • Whitefriars House
  • 6 Carmelite Street
  • London
  • Greater London
  • EC4Y 0BS
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992

Biography

Christie Group plc, together with its subsidiaries, provides professional business services for leisure, retail, and care sectors in Europe and internationally. It operates in two segments, Professional &  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/14 20:33
End of Day Share Price2019/12/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.