company background image
PAGE

PageGroup LSE:PAGE Stock Report

Last Price

UK£4.39

Market Cap

UK£1.4b

7D

-9.9%

1Y

-24.9%

Updated

25 May, 2022

Data

Company Financials +
PAGE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends4/6

PAGE Stock Overview

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

PageGroup Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PageGroup
Historical stock prices
Current Share PriceUK£4.39
52 Week HighUK£6.91
52 Week LowUK£4.06
Beta1.03
1 Month Change-8.62%
3 Month Change-20.00%
1 Year Change-24.86%
3 Year Change-14.05%
5 Year Change-6.82%
Change since IPO149.32%

Recent News & Updates

Apr 23
Is PageGroup plc (LON:PAGE) Potentially Undervalued?

Is PageGroup plc (LON:PAGE) Potentially Undervalued?

PageGroup plc ( LON:PAGE ), is not the largest company out there, but it saw a decent share price growth in the teens...

Shareholder Returns

PAGEGB Professional ServicesGB Market
7D-9.9%-0.2%1.0%
1Y-24.9%2.0%-2.8%

Return vs Industry: PAGE underperformed the UK Professional Services industry which returned 0.9% over the past year.

Return vs Market: PAGE underperformed the UK Market which returned -3% over the past year.

Price Volatility

Is PAGE's price volatile compared to industry and market?
PAGE volatility
PAGE Average Weekly Movement7.2%
Professional Services Industry Average Movement5.0%
Market Average Movement6.0%
10% most volatile stocks in GB Market11.4%
10% least volatile stocks in GB Market3.0%

Stable Share Price: PAGE is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PAGE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19767,838Steve Inghamhttps://www.page.com

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company offers executive search services under the Page Executive brand; recruitment services for qualified professional on permanent, temporary, and contract or interim basis under the Michael Page brand; recruitment services to organizations requiring permanent employees and temporary or contract staff at technical and administrative support, professional clerical, and junior management levels under the Page Personnel brand; and flexible recruitment outsourcing services under the Page Outsourcing brand. It also provides assessment, consulting, and talent services under the Page Assessment, Page Consulting, and Page Talent supplementary brands.

PageGroup Fundamentals Summary

How do PageGroup's earnings and revenue compare to its market cap?
PAGE fundamental statistics
Market CapUK£1.39b
Earnings (TTM)UK£118.36m
Revenue (TTM)UK£1.64b

11.7x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PAGE income statement (TTM)
RevenueUK£1.64b
Cost of RevenueUK£766.02m
Gross ProfitUK£877.72m
Other ExpensesUK£759.36m
EarningsUK£118.36m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 13, 2022

Earnings per share (EPS)0.37
Gross Margin53.40%
Net Profit Margin7.20%
Debt/Equity Ratio0%

How did PAGE perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

40%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PAGE (£4.39) is trading below our estimate of fair value (£11.06)

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


Price To Earnings Ratio

PE vs Industry: PAGE is good value based on its Price-To-Earnings Ratio (11.7x) compared to the UK Professional Services industry average (25.5x).

PE vs Market: PAGE is good value based on its Price-To-Earnings Ratio (11.7x) compared to the UK market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: PAGE is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: PAGE is overvalued based on its Price-To-Book Ratio (4.1x) compared to the GB Professional Services industry average (2.5x).


Future Growth

How is PageGroup forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAGE's forecast earnings growth (10.2% per year) is above the savings rate (0.9%).

Earnings vs Market: PAGE's earnings (10.2% per year) are forecast to grow slower than the UK market (11.3% per year).

High Growth Earnings: PAGE's earnings are forecast to grow, but not significantly.

Revenue vs Market: PAGE's revenue (8.6% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: PAGE's revenue (8.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAGE's Return on Equity is forecast to be high in 3 years time (35%)


Past Performance

How has PageGroup performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PAGE has high quality earnings.

Growing Profit Margin: PAGE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PAGE's earnings have declined by 10.1% per year over the past 5 years.

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

Earnings vs Industry: PAGE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (39.5%).


Return on Equity

High ROE: PAGE's Return on Equity (34.8%) is considered high.


Financial Health

How is PageGroup's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PAGE's short term assets (£523.0M) exceed its short term liabilities (£289.5M).

Long Term Liabilities: PAGE's short term assets (£523.0M) exceed its long term liabilities (£94.9M).


Debt to Equity History and Analysis

Debt Level: PAGE is debt free.

Reducing Debt: PAGE had no debt 5 years ago.

Debt Coverage: PAGE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PAGE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is PageGroup current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.42%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PAGE's dividend (3.42%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: PAGE's dividend (3.42%) is low compared to the top 25% of dividend payers in the UK market (4.82%).


Stability and Growth of Payments

Stable Dividend: PAGE's dividend payments have been volatile in the past 10 years.

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.3%), PAGE's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (39.2%), PAGE's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.7yrs

Average management tenure


CEO

Steve Ingham (58 yo)

16.08yrs

Tenure

UK£1,171,000

Compensation

Mr. Stephen J. Ingham, also known as Steve, has been the Chief Executive officer of Michael Page International plc since April 6, 2006 and serves as its Member of Executive Board. He has been Chief Executi...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD1.47M) is about average for companies of similar size in the UK market ($USD1.87M).

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


Leadership Team

Experienced Management: PAGE's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: PAGE's board of directors are considered experienced (5.1 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

Ownership Breakdown

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


Top Shareholders

Company Information

PageGroup plc's employee growth, exchange listings and data sources


Key Information

  • Name: PageGroup plc
  • Ticker: PAGE
  • Exchange: LSE
  • Founded: 1976
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: UK£1.386b
  • Shares outstanding: 315.96m
  • Website: https://www.page.com

Number of Employees


Location

  • PageGroup plc
  • Page House
  • The Bourne Business Park
  • Addlestone
  • Surrey
  • KT15 2QW
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/12/31
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.