LSE:PAGE

Stock Analysis Report

Executive Summary

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and support services.

Snowflake

Fundamentals

Flawless balance sheet 6 star dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.5%

PAGE

0.2%

GB Professional Services

0.05%

GB Market


1 Year Return

-20.0%

PAGE

17.2%

GB Professional Services

-0.7%

GB Market

PAGE underperformed the Professional Services industry which returned 17.2% over the past year.

PAGE underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -0.7% over the past year.


Share holder returns

PAGEIndustryMarket
7 Day2.5%0.2%0.05%
30 Day0.7%-2.4%3.5%
90 Day-16.7%-2.3%-0.1%
1 Year-15.2%-20.0%20.0%17.2%4.1%-0.7%
3 Year50.0%28.7%48.1%37.8%21.2%6.7%
5 Year34.5%4.1%116.6%91.0%31.5%3.8%

Price Volatility Vs. Market

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


Simply Wall St News

2 weeks ago | Simply Wall St

Should You Buy PageGroup plc (LON:PAGE) For Its Upcoming Dividend In 3 Days?

Valuation

Is PageGroup undervalued based on future cash flows and its price relative to the stock market?

46%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

PageGroup's share price is below the future cash flow value, and at a moderate discount (> 20%).

PageGroup's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

PageGroup is good value based on earnings compared to the GB Professional Services industry average.

PageGroup is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

PageGroup is poor value based on expected growth next year.


Price Based on Value of Assets

PageGroup is overvalued based on assets compared to the GB Professional Services industry average.


Next Steps

Future Growth

How is PageGroup expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

PageGroup's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).

PageGroup's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).

PageGroup's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.

PageGroup's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

PageGroup's earnings growth is expected to exceed the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

PageGroup is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has PageGroup performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

PageGroup's year on year earnings growth rate has been positive over the past 5 years.

PageGroup's 1-year earnings growth exceeds its 5-year average (18.3% vs 14.4%)

PageGroup's earnings growth has exceeded the GB Professional Services industry average in the past year (18.3% vs 8.8%).


Return on Equity

PageGroup has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

PageGroup used its assets more efficiently than the GB Professional Services industry average last year based on Return on Assets.


Return on Capital Employed

PageGroup's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is PageGroup's financial position?


Financial Position Analysis

PageGroup is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

PageGroup's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

PageGroup has no debt.

PageGroup has no debt compared to 5 years ago when it was 5.2%.

PageGroup has no debt, it does not need to be covered by operating cash flow.

PageGroup has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

PageGroup has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

5.40%

Expected Dividend Yield


Dividend Yield and Payments Analysis

PageGroup's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).

PageGroup's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.49%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Steve Ingham (56yo)

13.4yrs

Tenure

UK£4,340,000

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

Steve's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Steve's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.3yrs

Average Tenure

56yo

Average Age

The average tenure for the PageGroup management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.5yrs

Average Tenure

59yo

Average Age

The tenure for the PageGroup board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUK£491,49018 Dec 18
Stephen Ingham
EntityIndividual
Role
Chief Executive Officer
CEO, Member of Executive Board & Executive Director
Shares100,000
Max PriceUK£4.91

Ownership Breakdown


Management Team

  • Steve Ingham (56yo)

    CEO, Member of Executive Board & Executive Director

    • Tenure: 13.4yrs
    • Compensation: UK£4.34m
  • Gary James (57yo)

    Executive Board Director of Asia Pacific & Member of Executive Board

    • Tenure: 0yrs
  • Patrick J. De Smedt (64yo)

    Senior Independent Director

    • Tenure: 3.3yrs
    • Compensation: UK£61.00k
  • Kelvin Stagg

    CFO, Member of Executive Board & Executive Director

    • Tenure: 5.3yrs
    • Compensation: UK£2.17m
  • Oliver Watson (49yo)

    Executive Board Director of UK

    • Tenure: 0yrs
  • Patrick Hollard (51yo)

    Executive Director of Latin America

    • Tenure: 0yrs
  • Jeremy Tatham

    Group Financial Controller

    • Tenure: 0yrs
  • Roger Hanson

    Director of Credit & Accounting Services

    • Tenure: 33yrs
  • Anthony Thompson

    Executive Board Director of Asia (excluding Japan) & Member of Executive Board

    • Tenure: 1.7yrs
  • Kaye Maguire

    General Counsel & Company Secretary

    • Tenure: 0.9yrs

Board Members

  • David Lowden (62yo)

    Chairman

    • Tenure: 3.8yrs
    • Compensation: UK£208.00k
  • Steve Ingham (56yo)

    CEO, Member of Executive Board & Executive Director

    • Tenure: 13.4yrs
    • Compensation: UK£4.34m
  • Sylvia Metayer (60yo)

    Independent Non-Executive Director

    • Tenure: 2yrs
    • Compensation: UK£54.00k
  • Simon Boddie (59yo)

    Independent Non-Executive Director

    • Tenure: 7yrs
    • Compensation: UK£68.00k
  • Patrick J. De Smedt (64yo)

    Senior Independent Director

    • Tenure: 3.3yrs
    • Compensation: UK£61.00k
  • Kelvin Stagg

    CFO, Member of Executive Board & Executive Director

    • Tenure: 5.3yrs
    • Compensation: UK£2.17m
  • Angela Seymour-Jackson (53yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: UK£62.00k
  • Michelle Healy (51yo)

    Independent Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: UK£54.00k

Company Information

PageGroup plc's company bio, 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
  • Market Cap: UK£1.463b
  • Shares outstanding: 317.52m
  • Website: https://www.page.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PAGELSE (London Stock Exchange)YesOrdinary SharesGBGBPMar 2001
3MIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2001
MPGP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2001
PAGELBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMar 2001

Biography

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and support services. The company offers executive search services; recruitment services for qualified professional on perman ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 20:36
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.