Impellam Group (AIM:IPEL) - Share price, News & Analysis

IPEL fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

IPEL Stock Overview

Impellam Group plc provides staffing solutions, human capital management, and outsourced people-related services in the United Kingdom, North America, rest of Europe, and Australasia.

Rewards

Became profitable this year

Risk Analysis

Earnings have declined by 54.5% per year over past 5 years

Impellam Group Competitors

Hays

LSE:HAS

UK£2.0b

PageGroup

LSE:PAGE

UK£1.5b

SThree

LSE:STEM

UK£482.9m

Robert Walters

LSE:RWA

UK£396.6m

Price History & Performance

Summary of all time highs, changes and price drops for Impellam Group
Historical stock prices
Current Share Price	UK£4.53
52 Week High	UK£5.25
52 Week Low	UK£2.70
Beta	0.28
1 Month Change	7.35%
3 Month Change	-10.30%
1 Year Change	58.95%
3 Year Change	0.67%
5 Year Change	-42.59%
Change since IPO	417.71%

Recent News & Updates

Nov 23

Does Impellam Group (LON:IPEL) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Sep 16

Be Wary Of Impellam Group (LON:IPEL) And Its Returns On Capital

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...

Shareholder Returns

	IPEL	GB Professional Services	GB Market
7D	0.2%	1.0%	3.6%
1Y	58.9%	5.9%	-2.5%

Return vs Industry: IPEL exceeded the UK Professional Services industry which returned 5.9% over the past year.

Return vs Market: IPEL exceeded the UK Market which returned -2.5% over the past year.

Price Volatility

Is IPEL's price volatile compared to industry and market?
IPEL volatility
IPEL Average Weekly Movement	3.9%
Professional Services Industry Average Movement	5.2%
Market Average Movement	6.1%
10% most volatile stocks in GB Market	11.8%
10% least volatile stocks in GB Market	3.2%

Stable Share Price: IPEL is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IPEL's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2008	2,900	Julia Robertson	https://www.impellam.com

Impellam Group plc provides staffing solutions, human capital management, and outsourced people-related services in the United Kingdom, North America, rest of Europe, and Australasia. It operates through four segments: Global Managed Services, STEM, Regional Specialist Staffing, and Healthcare. The Global Managed Services segment engages in the design, implement, coordinate, and report on the talent acquisition process through the provision of multi-disciplinary outsourced recruitment services under the Comensura, Guidant Global, and Flexy brand names.

Impellam Group Fundamentals Summary

How do Impellam Group's earnings and revenue compare to its market cap?
IPEL fundamental statistics
Market Cap	UK£204.46m
Earnings (TTM)	UK£8.20m
Revenue (TTM)	UK£2.26b

24.9x

P/E Ratio

0.1x

P/S Ratio

Is IPEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
IPEL income statement (TTM)
Revenue	UK£2.26b
Cost of Revenue	UK£2.00b
Gross Profit	UK£266.50m
Other Expenses	UK£258.30m
Earnings	UK£8.20m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.18
Gross Margin	11.78%
Net Profit Margin	0.36%
Debt/Equity Ratio	47.3%

How did IPEL perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

24.94x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: IPEL (£4.53) is trading above our estimate of fair value (£0.51)

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

Price To Earnings Ratio

PE vs Industry: IPEL is poor value based on its PE Ratio (24.9x) compared to the UK Professional Services industry average (24.6x).

PE vs Market: IPEL is poor value based on its PE Ratio (24.9x) compared to the UK market (15.3x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: IPEL is good value based on its PB Ratio (0.9x) compared to the GB Professional Services industry average (2.6x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

10.5%

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 Impellam 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.

Past Performance

How has Impellam Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-54.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IPEL has high quality earnings.

Growing Profit Margin: IPEL became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: IPEL's earnings have declined by 54.5% per year over the past 5 years.

Accelerating Growth: IPEL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IPEL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (41.4%).

Return on Equity

High ROE: IPEL's Return on Equity (3.7%) is considered low.

Financial Health

How is Impellam Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: IPEL's short term assets (£697.3M) exceed its short term liabilities (£582.9M).

Long Term Liabilities: IPEL's short term assets (£697.3M) exceed its long term liabilities (£135.8M).

Debt to Equity History and Analysis

Debt Level: IPEL's net debt to equity ratio (6.7%) is considered satisfactory.

Reducing Debt: IPEL's debt to equity ratio has reduced from 60.8% to 47.3% over the past 5 years.

Debt Coverage: IPEL's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: IPEL's interest payments on its debt are well covered by EBIT (4.9x coverage).

Balance Sheet

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: IPEL is not paying a notable dividend for the UK market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IPEL has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Commercial Services industry.

Management

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

0.6yrs

Average management tenure

CEO

Julia Robertson (62 yo)

9.08yrs

Tenure

UK£1,123,000

Compensation

Ms. Julia Robertson has been the Group Chief Executive Officer of Impellam Group PLC (also known as, Carlisle Group Plc) since April 8, 2013. Ms. Robertson served as a Managing Director of Staffing Service...

CEO Compensation Analysis

Compensation vs Market: Julia's total compensation ($USD1.39M) is above average for companies of similar size in the UK market ($USD663.05K).

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

Leadership Team

Experienced Management: IPEL's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.

Board Members

Experienced Board: IPEL's board of directors are considered experienced (7.8 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31