company background image
PAGE

PageGroupLSE:PAGE Stock Report

Last Price

UK£5.78

Market Cap

UK£1.8b

7D

-4.8%

1Y

29.1%

Updated

26 Jan, 2022

Data

Company Financials +
PAGE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance1/6
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

Hays

LSE:HAS

UK£2.5b

Robert Walters

LSE:RWA

UK£560.0m

SThree

LSE:STEM

UK£550.8m

Impellam Group

AIM:IPEL

UK£232.2m

Price History & Performance

Summary of all time highs, changes and price drops for PageGroup
Historical stock prices
Current Share PriceUK£5.78
52 Week HighUK£6.91
52 Week LowUK£4.39
Beta1.05
1 Month Change-9.41%
3 Month Change-13.55%
1 Year Change29.14%
3 Year Change28.28%
5 Year Change33.56%
Change since IPO228.13%

Recent News & Updates

Jan 25
Is There An Opportunity With PageGroup plc's (LON:PAGE) 43% Undervaluation?

Is There An Opportunity With PageGroup plc's (LON:PAGE) 43% Undervaluation?

How far off is PageGroup plc ( LON:PAGE ) from its intrinsic value? Using the most recent financial data, we'll take a...

Jan 09
Why PageGroup plc (LON:PAGE) Could Be Worth Watching

Why PageGroup plc (LON:PAGE) Could Be Worth Watching

While PageGroup plc ( LON:PAGE ) might not be the most widely known stock at the moment, it received a lot of attention...

Nov 28
The Returns On Capital At PageGroup (LON:PAGE) Don't Inspire Confidence

The Returns On Capital At PageGroup (LON:PAGE) Don't Inspire Confidence

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Oct 20
An Intrinsic Calculation For PageGroup plc (LON:PAGE) Suggests It's 25% Undervalued

An Intrinsic Calculation For PageGroup plc (LON:PAGE) Suggests It's 25% Undervalued

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of PageGroup plc...

Shareholder Returns

PAGEGB Professional ServicesGB Market
7D-4.8%-2.2%-3.0%
1Y29.1%12.9%2.8%

Return vs Industry: PAGE exceeded the UK Professional Services industry which returned 12.9% over the past year.

Return vs Market: PAGE exceeded the UK Market which returned 2.8% over the past year.

Price Volatility

Is PAGE's price volatile compared to industry and market?
PAGE volatility
PAGE Average Weekly Movement4.1%
Professional Services Industry Average Movement4.3%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.9%
10% least volatile stocks in GB Market2.6%

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.

About the Company

FoundedEmployeesCEOWebsite
19767,075Steve 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£1.82b
Earnings (TTM)UK£34.43m
Revenue (TTM)UK£1.42b

53.0x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PAGE income statement (TTM)
RevenueUK£1.42b
Cost of RevenueUK£702.49m
Gross ProfitUK£713.73m
ExpensesUK£679.30m
EarningsUK£34.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 03, 2022

Earnings per share (EPS)0.11
Gross Margin50.40%
Net Profit Margin2.43%
Debt/Equity Ratio0%

How did PAGE perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

43%

Payout Ratio

Valuation

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

44.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAGE (£5.78) is trading below our estimate of fair value (£10.31)

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


Price To Earnings Ratio

PE vs Industry: PAGE is poor value based on its PE Ratio (53x) compared to the UK Professional Services industry average (31.9x).

PE vs Market: PAGE is poor value based on its PE Ratio (53x) compared to the UK market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: PAGE is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: PAGE is overvalued based on its PB Ratio (5.3x) compared to the GB Professional Services industry average (3x).


Future Growth

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

22.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAGE's forecast earnings growth (22.8% per year) is above the savings rate (0.9%).

Earnings vs Market: PAGE's earnings (22.8% per year) are forecast to grow faster than the UK market (12.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PAGE's revenue (11.2% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: PAGE's revenue (11.2% 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 (38.4%)


Past Performance

How has PageGroup performed over the past 5 years?

-13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAGE has high quality earnings.

Growing Profit Margin: PAGE's current net profit margins (2.4%) are lower than last year (3.2%).


Past Earnings Growth Analysis

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

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

Earnings vs Industry: PAGE had negative earnings growth (-28%) over the past year, making it difficult to compare to the Professional Services industry average (5.2%).


Return on Equity

High ROE: PAGE's Return on Equity (9.9%) is considered low.


Financial Health

How is PageGroup's financial position?


Financial Position Analysis

Short Term Liabilities: PAGE's short term assets (£493.2M) exceed its short term liabilities (£249.2M).

Long Term Liabilities: PAGE's short term assets (£493.2M) exceed its long term liabilities (£79.8M).


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 3.6%.

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?

1.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PAGE's dividend (1.63%) is higher than the bottom 25% of dividend payers in the UK market (1.48%).

High Dividend: PAGE's dividend (1.63%) is low compared to the top 25% of dividend payers in the UK market (4.24%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.4%), PAGE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PAGE's dividends in 3 years are forecast to be well covered by earnings (39.8% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Steve Ingham (58 yo)

15.75yrs

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 ($USD1.58M) is about average for companies of similar size in the UK market ($USD1.81M).

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 (3.3 years average tenure).


Board Members

Experienced Board: PAGE's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PAGE insiders have only sold shares 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£1.825b
  • 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 Analysis2022/01/26 22:20
End of Day Share Price2022/01/26 00:00
Earnings2021/06/30
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.