AIM:IPEL

Stock Analysis Report

Executive Summary

Impellam Group Plc provides staffing, human capital management, and outsourced people-related services in the United Kingdom, Ireland, North America, mainland Europe, Australasia, New Zealand, Singapore, and the Middle East.

Snowflake

Fundamentals

Good value with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

IPEL

-4.2%

GB Professional Services

-0.4%

GB Market


1 Year Return

-32.9%

IPEL

15.2%

GB Professional Services

2.9%

GB Market

Return vs Industry: IPEL underperformed the UK Professional Services industry which returned 15.2% over the past year.

Return vs Market: IPEL underperformed the UK Market which returned 2.9% over the past year.


Shareholder returns

IPELIndustryMarket
7 Day0%-4.2%-0.4%
30 Day-1.0%-5.9%-1.4%
90 Day-13.8%-7.0%-2.1%
1 Year-32.9%-32.9%18.0%15.2%8.0%2.9%
3 Year-41.5%-44.9%37.8%27.9%18.0%3.6%
5 Year-4.9%-14.3%113.3%88.1%35.8%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IPEL (£3.94) is trading below our estimate of fair value (£11.44)

Significantly Below Fair Value: IPEL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IPEL is poor value based on its PE Ratio (28.3x) compared to the Professional Services industry average (19.4x).

PE vs Market: IPEL is poor value based on its PE Ratio (28.3x) compared to the UK market (16.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IPEL is good value based on its PB Ratio (0.7x) compared to the GB Professional Services industry average (2.3x).


Next Steps

Future Growth

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

54.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPEL's forecast earnings growth (54.9% per year) is above the savings rate (1.2%).

Earnings vs Market: IPEL's earnings (54.9% 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: IPEL's revenue (1.6% per year) is forecast to grow slower than the UK market (3.9% per year).

High Growth Revenue: IPEL's revenue (1.6% 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 IPEL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Impellam Group performed over the past 5 years?

-2.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IPEL's earnings have declined by -2.8% per year over the past 5 years.

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

Earnings vs Industry: IPEL had negative earnings growth (-77.3%) over the past year, making it difficult to compare to the Professional Services industry average (12.3%).


Return on Equity

High ROE: IPEL's Return on Equity (2.7%) is considered low.


Return on Assets

ROA vs Industry: IPEL's Return on Assets is below or equal to the Professional Services industry average last year.


Return on Capital Employed

ROCE Improving: IPEL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Impellam Group's financial position?


Financial Position Analysis

Short Term Liabilities: IPEL's short term assets (£693.4M) exceeds its short term liabilities (£577.2M)

Long Term Liabilities: IPEL's short term assets (693.4M) exceeds its long term liabilities (183.2M)


Debt to Equity History and Analysis

Debt Level: IPEL's debt to equity ratio (62.9%) is considered high

Reducing Debt: IPEL's debt to equity ratio has increased from 46% to 62.9% over the past 5 years.

Debt Coverage: IPEL's debt is well covered by operating cash flow (32.5%).

Interest Coverage: IPEL's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: IPEL's debt is covered by short term assets (assets are 4.222890x debt).


Next Steps

Dividend

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

0.84%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%5.4%industryaverage2.3%forecastin3Years0.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IPEL'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 Impellam Group's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average management tenure


CEO

Julia Robertson (60yo)

6.5yrs

Tenure

UK£557,000

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 ($USD716.98K) is about average for companies of similar size in the UK market ($USD642.11K).

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


Management Age and Tenure

6.5yrs

Average Tenure

Experienced Management: IPEL's management team is seasoned and experienced (6.5 years average tenure).


Board Age and Tenure

5.7yrs

Average Tenure

58yo

Average Age

Experienced Board: IPEL's board of directors are considered experienced (5.7 years average tenure).


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


Management Team

  • Julia Robertson (60yo)

    Group CEO & Executive Director

    • Tenure: 6.5yrs
    • Compensation: UK£557.00k
  • Rebecca Watson (50yo)

    Portfolio CEO

    • Tenure: 0yrs
  • Brian Porritt

    Interim Group Chief Financial Officer

    • Tenure: 1yrs

Board Members

  • Michael Ashcroft (72yo)

    Non-Executive Chairman

    • Tenure: 4.8yrs
  • Mike Ettling (55yo)

    Independent Non-Executive Director

    • Tenure: 6.1yrs
  • Julia Robertson (60yo)

    Group CEO & Executive Director

    • Tenure: 6.5yrs
    • Compensation: UK£557.00k
  • Rebecca Watson (50yo)

    Portfolio CEO

    • Tenure: 0yrs
  • Angela Entwistle (58yo)

    Non-Executive Director

    • Tenure: 7.1yrs
  • Michael Laurie (69yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
  • Tina Stowell (52yo)

    Independent Non-Executive Director

    • Tenure: 2yrs

Company Information

Impellam Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Impellam Group PLC
  • Ticker: IPEL
  • Exchange: AIM
  • Founded: 2008
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: UK£188.859m
  • Shares outstanding: 47.93m
  • Website: https://www.impellam.com

Number of Employees


Location

  • Impellam Group PLC
  • 800 The Boulevard
  • Capability Green
  • Luton
  • Bedfordshire
  • LU1 3BA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IPELAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2008
IGPP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2008

Biography

Impellam Group Plc provides staffing, human capital management, and outsourced people-related services in the United Kingdom, Ireland, North America, mainland Europe, Australasia, New Zealand, Singapore, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 21:10
End of Day Share Price2019/10/18 00:00
Earnings2019/07/05
Annual Earnings2019/01/04


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.