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RBGP

RBG Holdings AIM:RBGP Stock Report

Last Price

UK£0.88

Market Cap

UK£83.4m

7D

-1.1%

1Y

-39.0%

Updated

26 Sep, 2022

Data

Company Financials +
RBGP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends3/6

RBGP Stock Overview

RBG Holdings plc provides legal and professional services to companies, banks, entrepreneurs, and individuals in the United Kingdom, rest of Europe, North America, and internationally.

RBG Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for RBG Holdings
Historical stock prices
Current Share PriceUK£0.88
52 Week HighUK£1.47
52 Week LowUK£0.84
Beta1.15
1 Month Change-3.32%
3 Month Change-8.85%
1 Year Change-39.02%
3 Year Change-15.46%
5 Year Changen/a
Change since IPO-17.45%

Recent News & Updates

Mar 05
Should You Investigate RBG Holdings plc (LON:RBGP) At UK£1.02?

Should You Investigate RBG Holdings plc (LON:RBGP) At UK£1.02?

While RBG Holdings plc ( LON:RBGP ) might not be the most widely known stock at the moment, it saw significant share...

Shareholder Returns

RBGPGB Professional ServicesGB Market
7D-1.1%-1.9%-3.1%
1Y-39.0%-14.0%-14.4%

Return vs Industry: RBGP underperformed the UK Professional Services industry which returned -14% over the past year.

Return vs Market: RBGP underperformed the UK Market which returned -14.4% over the past year.

Price Volatility

Is RBGP's price volatile compared to industry and market?
RBGP volatility
RBGP Average Weekly Movement3.5%
Professional Services Industry Average Movement3.9%
Market Average Movement5.3%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

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

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

About the Company

FoundedEmployeesCEOWebsite
1989216Nicky Foulstonhttps://www.rbgholdings.co.uk

RBG Holdings plc provides legal and professional services to companies, banks, entrepreneurs, and individuals in the United Kingdom, rest of Europe, North America, and internationally. It operates through Legal Services, Litigation Finance, and Other Professional Services segments. The company offers legal services in respect of commercial disputes, including claims for breach of contract, negligence, commercial fraud, shareholder, and company disputes, as well as cross-border insolvency services; and corporate investigations, financial crime, contentious probate, arbitration, and mediation services to companies, banks, entrepreneurs, and individuals.

RBG Holdings Fundamentals Summary

How do RBG Holdings's earnings and revenue compare to its market cap?
RBGP fundamental statistics
Market CapUK£83.41m
Earnings (TTM)UK£7.41m
Revenue (TTM)UK£55.42m

11.3x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBGP income statement (TTM)
RevenueUK£55.42m
Cost of RevenueUK£32.62m
Gross ProfitUK£22.80m
Other ExpensesUK£15.38m
EarningsUK£7.41m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.078
Gross Margin41.14%
Net Profit Margin13.38%
Debt/Equity Ratio35.8%

How did RBGP perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

64%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is RBGP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RBGP?

Other financial metrics that can be useful for relative valuation.

RBGP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA9.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does RBGP's PE Ratio compare to its peers?

RBGP PE Ratio vs Peers
The above table shows the PE ratio for RBGP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.4x
KEYS Keystone Law Group
21.8x5.4%UK£142.3m
K3C K3 Capital Group
22.4x18.3%UK£170.9m
FNTL Fintel
10.6x-11.4%UK£180.8m
SAG Science Group
18.8x7.2%UK£179.0m
RBGP RBG Holdings
11.3xn/aUK£83.4m

Price-To-Earnings vs Peers: RBGP is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (18.4x).


Price to Earnings Ratio vs Industry

How does RBGP's PE Ratio compare vs other companies in the GB Professional Services Industry?

Price-To-Earnings vs Industry: RBGP is good value based on its Price-To-Earnings Ratio (11.3x) compared to the UK Professional Services industry average (17.6x)


Price to Earnings Ratio vs Fair Ratio

What is RBGP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RBGP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RBGP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of RBGP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RBGP (£0.88) is trading below our estimate of fair value (£1.39)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RBGP's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if RBGP's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if RBGP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RBGP's revenue (4.8% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: RBGP's revenue (4.8% 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 RBGP's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has RBG Holdings 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


13.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RBGP has high quality earnings.

Growing Profit Margin: RBGP's current net profit margins (13.4%) are lower than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: RBGP's earnings have grown by 13.7% per year over the past 5 years.

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

Earnings vs Industry: RBGP had negative earnings growth (-8.6%) over the past year, making it difficult to compare to the Professional Services industry average (46.1%).


Return on Equity

High ROE: RBGP's Return on Equity (12.4%) is considered low.


Discover strong past performing companies

Financial Health

How is RBG Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RBGP's short term assets (£22.4M) exceed its short term liabilities (£13.9M).

Long Term Liabilities: RBGP's short term assets (£22.4M) do not cover its long term liabilities (£35.5M).


Debt to Equity History and Analysis

Debt Level: RBGP's net debt to equity ratio (28%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if RBGP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: RBGP's debt is well covered by operating cash flow (32.2%).

Interest Coverage: RBGP's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.71%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RBGP's dividend (5.71%) is higher than the bottom 25% of dividend payers in the UK market (2.06%).

High Dividend: RBGP's dividend (5.71%) is low compared to the top 25% of dividend payers in the UK market (5.8%).


Stability and Growth of Payments

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

Growing Dividend: RBGP's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64.3%), RBGP's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (69%), RBGP's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

3.0yrs

Average management tenure


CEO

Nicky Foulston (55 yo)

no data

Tenure

UK£800,213

Compensation

Ms. Nicola Foulston, also known as Nicky, serves as Group Chief Executive at Rosenblatt Solicitors since 2020 and served as is Chief Executive since 2020 until 2020. She has been Chief Executive of RBG Hol...


CEO Compensation Analysis

Nicky Foulston's Compensation vs RBG Holdings Earnings
How has Nicky Foulston's remuneration changed compared to RBG Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

UK£7m

Mar 31 2022n/an/a

UK£7m

Dec 31 2021UK£800kUK£797k

UK£7m

Sep 30 2021n/an/a

UK£8m

Jun 30 2021n/an/a

UK£8m

Mar 31 2021n/an/a

UK£7m

Dec 31 2020UK£433kUK£422k

UK£6m

Sep 30 2020n/an/a

UK£6m

Jun 30 2020n/an/a

UK£5m

Mar 31 2020n/an/a

UK£5m

Dec 31 2019UK£416kUK£402k

UK£6m

Dec 31 2018UK£304kUK£267k

UK£3m

Compensation vs Market: Nicky's total compensation ($USD865.96K) is above average for companies of similar size in the UK market ($USD327.98K).

Compensation vs Earnings: Nicky's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: RBGP's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: RBGP's board of directors are considered experienced (3.2 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.


Recent Insider Transactions

AIM:RBGP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Jan 22BuyUK£30,058Michael DriverIndividual24,638UK£1.22
10 Jan 22BuyUK£16,620Christopher FroggattIndividual13,623UK£1.22
10 Jan 22BuyUK£13,058Nathalie HodgkinsonIndividual10,703UK£1.22
01 Dec 21BuyUK£88,095Michael DriverIndividual77,276UK£1.14
01 Dec 21BuyUK£53,412Christopher FroggattIndividual46,853UK£1.14
01 Dec 21BuyUK£41,967Nathalie HodgkinsonIndividual36,813UK£1.14
28 Sep 21BuyUK£13,572Michael DriverIndividual9,694UK£1.40
28 Sep 21BuyUK£7,381Christopher FroggattIndividual5,272UK£1.40
28 Sep 21BuyUK£5,790Nathalie HodgkinsonIndividual4,136UK£1.40

Ownership Breakdown

What is the ownership structure of RBGP?
Owner TypeNumber of SharesOwnership Percentage
Public Companies80,8680.08%
Employee Share Scheme147,7380.2%
Private Companies280,0000.3%
General Public23,516,26924.7%
Individual Insiders32,351,38133.9%
Institutions38,954,98040.9%

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


Top Shareholders

Top 25 shareholders own 73.14% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.74%
Ian Rosenblatt
16,911,214£14.8m0%no data
12.51%
Premier Fund Managers Limited
11,922,021£10.4m-2.6%0.13%
12.08%
Nicola Foulston
11,515,264£10.1m0%no data
3.3%
Jarvis Securities plc, Asset Management Arm
3,147,398£2.8m247.46%0.18%
2.96%
A J Bell Holdings Limited, Asset Management Arm
2,823,569£2.5m15.63%0.04%
2.78%
Schroder Investment Management Limited
2,649,000£2.3m-19.7%no data
2.67%
Michael Driver
2,545,345£2.2m0%no data
2.25%
Charles Stanley & Co. Ltd, Asset Management Arm
2,144,507£1.9m0.33%0.02%
2.04%
GAM Holding AG
1,942,200£1.7m0%0.03%
2.03%
Ninety One UK Limited
1,939,904£1.7m-3.64%no data
1.37%
UBS Asset Management
1,310,649£1.1m5.81%no data
1.34%
Barclays Bank PLC, Wealth and Investment Management Division
1,276,625£1.1m-6.62%0.01%
1.27%
Fleming Family & Partners Ltd.
1,211,000£1.1m9%0.04%
1.25%
Ravenscroft Investment Management
1,190,200£1.0m41.89%0.17%
1.25%
IG Group Holdings Plc, Asset Management Arm
1,188,899£1.0m5.74%0.12%
1.14%
HBOS Investment Fund Managers Limited
1,086,152£950.4k0.35%0.01%
1.12%
Morgan Stanley, Investment Banking and Brokerage Investments
1,067,019£933.6k19.66%no data
1.03%
Christopher Froggatt
981,492£858.8k0%no data
1.02%
Pictet Asset Management Limited
967,800£846.8k11.52%no data
0.42%
AXA Investment Managers S.A.
400,000£350.0k0%no data
0.42%
Nathalie Hodgkinson
398,066£348.3k0%no data
0.37%
Killik Asset Management
356,830£312.2k-9.93%0.02%
0.29%
Cja Holdings Ltd
280,000£245.0k0%no data
0.27%
Credit Suisse, Investment Banking and Securities Investments
258,000£225.8k-9.47%no data
0.22%
Modus Selective Investment Management and Advice Ltd.
208,187£182.2k0%0.09%

Company Information

RBG Holdings plc's employee growth, exchange listings and data sources


Key Information

  • Name: RBG Holdings plc
  • Ticker: RBGP
  • Exchange: AIM
  • Founded: 1989
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: UK£83.415m
  • Shares outstanding: 95.33m
  • Website: https://www.rbgholdings.co.uk

Number of Employees


Location

  • RBG Holdings plc
  • 9-13 St. Andrew Street
  • London
  • Greater London
  • EC4A 3AF
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RBGPAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.