AIM:MUR

Stock Analysis Report

Executive Summary

Murgitroyd Group PLC, through its subsidiaries, provides intellectual property advisory services.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MUR

1.6%

GB Professional Services

-0.07%

GB Market


1 Year Return

16.6%

MUR

20.2%

GB Professional Services

6.0%

GB Market

Return vs Industry: MUR matched the UK Professional Services industry which returned 20.2% over the past year.

Return vs Market: MUR exceeded the UK Market which returned 6% over the past year.


Shareholder returns

MURIndustryMarket
7 Day0%1.6%-0.07%
30 Day3.5%6.9%2.2%
90 Day19.2%-2.2%3.8%
1 Year21.1%16.6%23.1%20.2%11.5%6.0%
3 Year48.4%32.8%57.3%46.0%22.0%6.6%
5 Year53.6%29.6%110.9%86.0%33.5%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MUR (£6.68) is trading above our estimate of fair value (£3.6)

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


Price To Earnings Ratio

PE vs Industry: MUR is good value based on its PE Ratio (20.1x) compared to the Professional Services industry average (21.3x).

PE vs Market: MUR is poor value based on its PE Ratio (20.1x) compared to the UK market (17x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MUR is good value based on its PB Ratio (1.8x) compared to the GB Professional Services industry average (2.9x).


Next Steps

Future Growth

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

9.4%

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 Murgitroyd 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 Murgitroyd Group performed over the past 5 years?

-2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUR has high quality earnings.

Growing Profit Margin: MUR's current net profit margins (6.2%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: MUR's earnings have declined by -2.3% per year over the past 5 years.

Accelerating Growth: MUR's earnings growth over the past year (12%) exceeds its 5-year average (-2.3% per year).

Earnings vs Industry: MUR earnings growth over the past year (12%) underperformed the Professional Services industry 12%.


Return on Equity

High ROE: MUR's Return on Equity (8.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Murgitroyd Group's financial position?


Financial Position Analysis

Short Term Liabilities: MUR's short term assets (£20.7M) exceeds its short term liabilities (£10.7M)

Long Term Liabilities: MUR's short term assets (£20.7M) exceeds its long term liabilities (3.1M)


Debt to Equity History and Analysis

Debt Level: MUR's debt to equity ratio (11.5%) is considered satisfactory.

Reducing Debt: MUR's debt to equity ratio has increased from 7% to 11.5% over the past 5 years.

Debt Coverage: MUR's debt is well covered by operating cash flow (83.9%).

Interest Coverage: MUR's interest payments on its debt are well covered by EBIT (149.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: MUR's debt is covered by short term assets (assets are 5.3x debt).


Next Steps

Dividend

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

3.30%

Current Dividend Yield


Dividend Yield vs Market

company3.3%marketbottom25%2.0%markettop25%5.4%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: MUR's dividend (3.3%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).

High Dividend: MUR's dividend (3.3%) is low compared to the top 25% of dividend payers in the UK market (5.38%).


Stability and Growth of Payments

Stable Dividend: MUR's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.3%), MUR's dividend 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

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

4.3yrs

Average board tenure


CEO

Ed Murgitroyd (44yo)

0.8yrs

Tenure

UK£487,000

Compensation

Mr. George Edward Murgitroyd serves as the Chief Executive Officer at Murgitroyd & Company Limited. Mr. Murgitroyd has been the Chief Executive Officer of Murgitroyd Group Plc since February 21, 2019. He h ...


CEO Compensation Analysis

Compensation vs Market: Ed's total compensation ($USD629.93K) is above average for companies of similar size in the UK market ($USD321.30K).

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


Board Age and Tenure

4.3yrs

Average Tenure

55.5yo

Average Age

Experienced Board: MUR's board of directors are considered experienced (4.3 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.


Recent Insider Transactions

BuyUK£232,90012 Nov 19
Oddo Bhf Asset Management SAS
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Oddo Bhf Asset Management SAS
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Charles Stanley & Co. Ltd, Asset Management Arm
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Thorntons Investment Management Ltd
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Charles Stanley & Co. Ltd, Asset Management Arm
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Max PriceUK£6.62
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Close Asset Management Limited
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Thorntons Investment Management Ltd
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SellUK£3,40322 Oct 19
Thorntons Investment Management Ltd
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Max PriceUK£6.62
BuyUK£2,96222 Oct 19
Thorntons Investment Management Ltd
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Shares436
Max PriceUK£6.79
SellUK£149,02822 Oct 19
Charles Stanley & Co. Ltd, Asset Management Arm
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Shares22,580
Max PriceUK£6.60
SellUK£1,97021 Oct 19
Thorntons Investment Management Ltd
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Shares310
Max PriceUK£6.36
BuyUK£59917 Oct 19
Thorntons Investment Management Ltd
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Shares91
Max PriceUK£6.58
SellUK£13,53616 Oct 19
Rathbone Investment Management Limited
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Shares2,115
Max PriceUK£6.40
SellUK£10,25717 Jul 19
Close Asset Management Limited
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Shares1,721
Max PriceUK£5.96
BuyUK£736,30613 Dec 18
Close Asset Management Limited
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Shares171,234
Max PriceUK£4.30
SellUK£17,25213 Dec 18
Close Asset Management Limited
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Shares4,012
Max PriceUK£4.30

Ownership Breakdown

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


Management Team

  • Keith Young (53yo)

    Finance Director & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£278.00k
  • Ed Murgitroyd (44yo)

    CEO & Director

    • Tenure: 0.8yrs
    • Compensation: UK£487.00k
  • Ian Murgitroyd (74yo)

    Founder & Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: UK£154.00k
  • Gordon Stark (42yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: UK£238.00k
  • James Brown

    Head of Practice - Patents of Mechanical

    • Tenure: 0yrs
  • Jamie Leliever

    Chief Marketing Officer

    • Tenure: 0yrs
  • Russell Thom

    Head of Practice - Patents of Chemistry & Biotechnology

    • Tenure: 0yrs
  • Guido Zerbi

    Head of Electronics & Software Practice

    • Tenure: 0yrs
  • Kevin Toner

    Head of Business Development - UK & Europe

    • Tenure: 2.2yrs
  • Malcolm Main

    Chief of Professional Practice

    • Tenure: 0yrs

Board Members

  • Mark Kemp-Gee (73yo)

    Senior Non-Executive Director

    • Tenure: 0yrs
    • Compensation: UK£29.00k
  • Willie MacDiarmid (58yo)

    Non-Executive Deputy Chairman of the Board

    • Tenure: 0.6yrs
    • Compensation: UK£8.00k
  • Keith Young (53yo)

    Finance Director & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£278.00k
  • Ed Murgitroyd (44yo)

    CEO & Director

    • Tenure: 0.8yrs
    • Compensation: UK£487.00k
  • Ian Murgitroyd (74yo)

    Founder & Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: UK£154.00k
  • Gordon Stark (42yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: UK£238.00k
  • John Reid (67yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: UK£38.00k
  • Helga Chapman (49yo)

    Non-Executive Director

    • Tenure: 0.8yrs
    • Compensation: UK£8.00k

Company Information

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


Key Information

  • Name: Murgitroyd Group PLC
  • Ticker: MUR
  • Exchange: AIM
  • Founded: 1975
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: UK£60.137m
  • Shares outstanding: 9.01m
  • Website: https://murgitroydgroup.com

Number of Employees


Location

  • Murgitroyd Group PLC
  • Scotland House
  • 165-169 Scotland Street
  • Glasgow
  • G5 8PL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MURAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2001

Biography

Murgitroyd Group PLC, through its subsidiaries, provides intellectual property advisory services. The company’s intellectual property services include filing, prosecuting, litigating, licensing, assigning, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 20:37
End of Day Share Price2019/11/19 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.