DWF Group
LSE:DWF
DWF
LSE
£365M
Market Cap
Company description
DWF Group plc provides various legal services and complementary connected services in the United Kingdom and internationally. The last earnings update was 43 days ago. More info.
Add to Portfolio Compare Print
DWF Share Price and Events
7 Day Returns
1.5%
LSE:DWF
2%
GB Professional Services
0.5%
GB Market
1 Year Returns
-
LSE:DWF
13.2%
GB Professional Services
0.8%
GB Market
DWF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| DWF Group (DWF) | 1.5% | 0.8% | - | - | - | - |
| GB Professional Services | 2% | 6.9% | 5.8% | 13.2% | 45.6% | 77.8% |
| GB Market | 0.5% | 3.6% | 7.6% | 0.8% | 15.9% | 6.2% |
1 Year Return vs Industry and Market
- No trading data on DWF.
- No trading data on DWF.
Value
Is DWF Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
DWF Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for DWF Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.8% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.86 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 19%) (19.05%)) |
0.993 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.99 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.993 * 6.65%) |
7.83% |
Discounted Cash Flow Calculation for LSE:DWF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for DWF Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 7.83%) |
|
|---|---|---|---|
| 2019 | -14.00 | Analyst x3 | -12.98 |
| 2020 | 16.63 | Analyst x3 | 14.30 |
| 2021 | 29.00 | Analyst x3 | 23.13 |
| 2022 | 36.30 | Analyst x1 | 26.85 |
| 2023 | 42.12 | Est @ 16.03% | 28.89 |
| 2024 | 47.00 | Est @ 11.59% | 29.89 |
| 2025 | 50.99 | Est @ 8.48% | 30.07 |
| 2026 | 54.20 | Est @ 6.3% | 29.65 |
| 2027 | 56.79 | Est @ 4.78% | 28.81 |
| 2028 | 58.90 | Est @ 3.71% | 27.71 |
| Present value of next 10 years cash flows | £226.32 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £58.90 × (1 + 1.23%) ÷ (7.83% – 1.23%) |
£902.62 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £902.62 ÷ (1 + 7.83%)10 |
£424.63 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £226.32 + £424.63 |
£650.95 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £650.95 / 300.00 |
£2.17 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £2.17 |
| Current discount | Discount to share price of
£1.22
= -1 x (£1.22 - £2.17) / £2.17 |
43.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
DWF Group
is available for.
44%
Share price is
£1.22
vs Future cash flow value of
£2.17
Current Discount Checks
For
DWF Group
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- DWF Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- DWF Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for DWF Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
DWF Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-10-31) in GBP | £0.16 |
| LSE:DWF Share Price ** | LSE (2019-04-23) in GBP | £1.22 |
| United Kingdom of Great Britain and Northern Ireland Professional Services Industry PE Ratio | Median Figure of 33 Publicly-Listed Professional Services Companies | 18.8x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 797 Publicly-Listed Companies | 16.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of DWF Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:DWF Share Price ÷ EPS (both in GBP) = 1.22 ÷ 0.16 |
7.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- DWF Group is good value based on earnings compared to the GB Professional Services industry average.
- DWF Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
DWF Group's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.75x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
22.2%per year |
| United Kingdom of Great Britain and Northern Ireland Professional Services Industry PEG Ratio | Median Figure of 19 Publicly-Listed Professional Services Companies | 1.62x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 564 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.75x ÷ 22.2% |
0.35x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- DWF Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
DWF Group's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-10-31) in GBP | £-0.04 |
| LSE:DWF Share Price * | LSE (2019-04-23) in GBP | £1.22 |
| United Kingdom of Great Britain and Northern Ireland Professional Services Industry PB Ratio | Median Figure of 43 Publicly-Listed Professional Services Companies | 2.87x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,367 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:DWF Share Price ÷ Book Value per Share (both in GBP) = 1.22 ÷ -0.04 |
-29.19x |
* Primary Listing of DWF Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- DWF Group has negative assets, we can't compare the value of its assets to the GB Professional Services industry average.
X
Value checks
We assess DWF Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check) DWF Group has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is DWF Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
22.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
DWF Group
expected to grow at an
attractive
rate?
- DWF Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- DWF Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- DWF Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:DWF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 22.2% |
| LSE:DWF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 9.5% |
| United Kingdom of Great Britain and Northern Ireland Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 9.1% |
| United Kingdom of Great Britain and Northern Ireland Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.3% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 11% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in GBP Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-04-30 | 408 | 1 | ||
| 2022-04-30 | 379 | 56 | 2 | |
| 2021-04-30 | 346 | 46 | 35 | 3 |
| 2020-04-30 | 313 | 33 | 24 | 3 |
| 2019-04-30 | 277 | -16 | -1 | 3 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-10-31 | 281 | -8 | 47 |
| 2018-07-31 | 259 | -8 | 47 |
| 2018-04-30 | 236 | -9 | 47 |
| 2017-04-30 | 199 | 1 | 42 |
| 2016-04-30 | 187 | 7 | 46 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from DWF Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-04-30 | ||||
| 2022-04-30 | ||||
| 2021-04-30 | ||||
| 2020-04-30 | ||||
| 2019-04-30 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-10-31 | 0.16 |
| 2018-07-31 | 0.16 |
| 2018-04-30 | 0.16 |
| 2017-04-30 | |
| 2016-04-30 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if DWF Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
DWF Group has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess DWF Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
DWF Group has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has DWF Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
DWF Group's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- DWF Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- DWF Group's 1-year earnings growth exceeds its 5-year average (6% vs -0.7%)
- DWF Group's earnings growth has not exceeded the GB Professional Services industry average in the past year (6% vs 14.5%).
Earnings and Revenue History
DWF Group's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from DWF Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-10-31 | 280.93 | 47.14 | 108.76 | |
| 2018-07-31 | 258.71 | 46.86 | 104.92 | |
| 2018-04-30 | 236.49 | 46.58 | 101.09 | |
| 2017-04-30 | 199.32 | 42.32 | 88.72 | |
| 2016-04-30 | 186.85 | 46.11 | 78.03 | |
| 2015-04-30 | 191.13 | 46.11 | ||
| 2014-04-30 | 189.00 | 49.30 | ||
| 2013-04-30 | 142.71 | 38.07 | ||
| 2012-04-30 | 97.80 | 23.55 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if DWF Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
- DWF Group used its assets more efficiently than the GB Professional Services industry average last year based on Return on Assets.
- DWF Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
DWF Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess DWF Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
DWF Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is DWF Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up DWF Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- DWF Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- DWF Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
DWF Group's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- Low level of unsold assets.
- DWF Group has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from DWF Group Company Filings, last reported 5 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-10-31 | -12.51 | 69.58 | 10.59 |
| 2018-07-31 | -12.51 | 69.58 | 10.59 |
| 2018-04-30 | 5.31 | 59.23 | 5.13 |
| 2017-04-30 | 7.89 | 41.46 | 3.33 |
| 2016-04-30 | 4.62 | 41.36 | 9.98 |
| 2015-04-30 | 41.46 | 33.08 | 2.91 |
| 2014-04-30 | 45.69 | 27.13 | 3.57 |
| 2013-04-30 | 40.93 | 16.57 | 3.11 |
| 2012-04-30 | 23.97 | 11.71 | 1.94 |
- DWF Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
- Irrelevant to check if DWF Group's debt level has increased considering it has negative shareholder equity.
- Operating cash flow is negative therefore debt is not well covered.
- Interest payments on debt are well covered by earnings (EBIT is 83.8x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess DWF Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) DWF Group has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is DWF Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
DWF Group
dividends.
Estimated to be
5.44%
next year.
If you bought
£2,000 of
DWF Group
shares you are expected to receive
£0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Unable to evaluate DWF Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate DWF Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 30 Stocks | 2.3% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-04-30 | ||
| 2022-04-30 | 0.12 | 1.00 |
| 2021-04-30 | 0.10 | 3.00 |
| 2020-04-30 | 0.07 | 3.00 |
| 2019-04-30 | 0.01 | 3.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as DWF Group has not reported any payouts.
- Unable to verify if DWF Group's dividend has been increasing as the company has not reported any payouts.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess DWF Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can DWF Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) DWF Group has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Andrew
Leaitherland
| TENURE AS CEO | 12.9 years |
CEO Bio
Mr. Andrew Leaitherland is the Chief Executive Officer and Managing Partner at DWF Group PLC (formerly, DWF Group Limited) since May 2006 and is its Director and Member of Executive Board. Mr. Leaitherland serves as a Managing Partner, Chief Executive Officer and a Member of the Management Board at DWF Biggart Baillie. Mr. Leaitherland has been with DWF for seven years and in his previous position as head of HR horizons he created a highly respected department, which is the largest of its kind in the North West of England. He was awarded Managing Partner of the Year at the Legal Business Awards 2014 and the Financial Times recognised as one of the Top 10 innovative lawyers in Europe as a nominee for the Innovative Lawyer Awards in 2018. He holds an LLB degree from Lancaster University, together with an alumni award in 2013 for substantial contribution to the legal sector, and an LLM degree in employment law and industrial relations from the University of Leicester. He is a member of the Law Society of England and Wales and is a registered foreign lawyer with the Law Society of Scotland.
CEO Compensation
- Insufficient data for Andrew to compare compensation growth.
- Insufficient data for Andrew to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the DWF Group management team in years:
1.2
Average Tenure
- The average tenure for the DWF Group management team is less than 2 years, this suggests a new team.
Management Team
Andrew Leaitherland
TITLE
CEO, Managing Partner
TENURE
12.9 yrs
Chris Stefani
TITLE
CFO, Member of Executive Board & Director
TENURE
3 yrs
Stefan Paciorek
TITLE
CEO of International Division & Member of Executive Board
TENURE
1.5 yrs
Stephen Miles
TITLE
CEO of Commercial Services Division
TENURE
4.7 yrs
Anup Kollanethu
TITLE
CEO of Managed Services & Member of Executive Board
TENURE
0.7 yrs
Jason Ford
TITLE
Head of Connected Services & Member of Executive Board
TENURE
1.8 yrs
Glyn Jones
TITLE
CEO of Insurance Services & Member of Executive Board
TENURE
0.9 yrs
Daniel Pollick
TITLE
Chief Information Officer & Member of Executive Board
TENURE
0.7 yrs
Mollie Stoker
TITLE
General Counsel
TENURE
0.3 yrs
Zelinda Bennett
TITLE
Marketing & Client Development Director and Member of Executive Board
TENURE
0.3 yrs
Board of Directors Tenure
Average tenure and age of the DWF Group board of directors in years:
0.4
Average Tenure
56
Average Age
- The average tenure for the DWF Group board of directors is less than 3 years, this suggests a new board.
Board of Directors
Nigel Knowles
TITLE
Chairman
AGE
61
TENURE
1.6 yrs
Andrew Leaitherland
TITLE
CEO, Managing Partner
Chris Stefani
TITLE
CFO, Member of Executive Board & Director
Luke Savage
TITLE
Independent Non-Executive Director
AGE
57
TENURE
0.4 yrs
Sam Tymms
TITLE
Independent Non-Executive Director
AGE
54
TENURE
0.3 yrs
Tea Colaianni
TITLE
Independent Non-Executive Director
AGE
50
TENURE
0.4 yrs
Chris Sullivan
TITLE
Senior Independent Director
AGE
60
TENURE
0.4 yrs
Vin Murria
TITLE
Independent Non-Executive Director
AGE
55
TENURE
0.4 yrs
Matthew Doughty
TITLE
Partner Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess DWF Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) DWF Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
DWF Group plc provides various legal services and complementary connected services in the United Kingdom and internationally. The company operates through four divisions: Commercial Services, Insurance, International, and Connected Services. It offers a range of complex legal services and managed services to multinationals, government and public sector bodies, and high net worth individuals in the areas of corporate, litigation, and real estate practice groups. The company also offers a range of complex legal services and managed services to insurers, insurance intermediaries, and corporations in various practice groups comprising catastrophic personal injury, occupational health, and casualty; motor, fraud, resolution law, and in-house teams; and professional indemnity and commercial insurance. In addition, it provides a range of professional, business, or consulting services. The company offers software solutions to insurers, brokers, retailers, energy, construction and engineering companies, professional service firms, public sectors, local governments, and housing associations, as well as provides technical consulting services. The company was incorporated in 2018 and is based in London, the United Kingdom.
Details
| Name: | DWF Group plc |
| DWF | |
| Exchange: | LSE |
| Founded: | 2018 |
| £365,250,775 | |
| 300,000,636 | |
| Website: | http://www.dwf.law |
| Address: |
DWF Group plc 20 Fenchurch Street, London, Greater London, EC3M 3AG, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | DWF | Ordinary Shares | London Stock Exchange | GB | GBP | 11. Mar 2019 |
Number of employees
Current staff
3,100
DWF Group
employees.
Industry
| Research and Consulting Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 22:44 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/04/23 |
| Last earnings filing: | 2019/03/11 |
| Last earnings reported: | 2018/10/31 |
| Last annual earnings reported: | 2018/04/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
