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Market Cap

UK£1.8b

Last Updated

2021/04/19 19:02 UTC

Data Sources

Company Financials +

Executive Summary

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

Rewards

Trading at 4.7% below our estimate of its fair value

Earnings are forecast to grow 56.21% per year

Risk Analysis

No risks detected for PAGE from our risk checks.


Snowflake Analysis

Flawless balance sheet with high growth potential.


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

Stable Share Price: PAGE is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

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


Market Performance


7 Day Return

0.7%

PAGE

1.7%

GB Professional Services

1.6%

GB Market


1 Year Return

58.8%

PAGE

14.8%

GB Professional Services

23.4%

GB Market

Return vs Industry: PAGE exceeded the UK Professional Services industry which returned 14.8% over the past year.

Return vs Market: PAGE exceeded the UK Market which returned 23.4% over the past year.


Shareholder returns

PAGEIndustryMarket
7 Day0.7%1.7%1.6%
30 Day12.7%9.8%5.2%
90 Day22.1%7.5%4.0%
1 Year58.8%58.8%17.1%14.8%30.4%23.4%
3 Year11.1%0.3%40.7%31.7%17.3%2.6%
5 Year59.6%30.4%85.2%64.9%48.5%19.8%

Long-Term 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

Valuation

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

4.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAGE (£5.44) is trading below our estimate of fair value (£5.71)

Significantly Below Fair Value: PAGE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PAGE is unprofitable, so we can't compare its PE Ratio to the GB Professional Services industry average.

PE vs Market: PAGE is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PAGE is overvalued based on its PB Ratio (5.5x) compared to the GB Professional Services industry average (2.8x).


Future Growth

How is PageGroup forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

56.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAGE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: PAGE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PAGE's is expected to become profitable in the next 3 years.

Revenue vs Market: PAGE's revenue (9.8% per year) is forecast to grow faster than the UK market (5.8% per year).

High Growth Revenue: PAGE's revenue (9.8% 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 (25.9%)


Past Performance

How has PageGroup performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAGE is currently unprofitable.

Growing Profit Margin: PAGE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PAGE is unprofitable, and losses have increased over the past 5 years at a rate of 4.9% per year.

Accelerating Growth: Unable to compare PAGE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PAGE is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-19.8%).


Return on Equity

High ROE: PAGE has a negative Return on Equity (-1.82%), as it is currently unprofitable.


Financial Health

How is PageGroup's financial position?


Financial Position Analysis

Short Term Liabilities: PAGE's short term assets (£435.4M) exceed its short term liabilities (£229.1M).

Long Term Liabilities: PAGE's short term assets (£435.4M) exceed its long term liabilities (£84.8M).


Debt to Equity History and Analysis

Debt Level: PAGE is debt free.

Reducing Debt: PAGE has no debt compared to 5 years ago when its debt to equity ratio was 0.08%.

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?

2.60%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PAGE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PAGE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PAGE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PAGE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PAGE is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PAGE's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Steve Ingham (57 yo)

15yrs

Tenure

UK£4,105,000

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 ($USD5.74M) is above average for companies of similar size in the UK market ($USD1.79M).

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 (3.9 years average tenure).


Board Members

Experienced Board: PAGE's board of directors are considered experienced (4.8 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.


Ownership Breakdown

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


Top Shareholders

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£1.753b
  • Shares outstanding: 318.93m
  • Website: https://www.page.com

Number of Employees


Location

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

Listings


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 Analysis2021/04/19 19:02
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.