SThree Future Growth
Future criteria checks 2/6
SThree is forecast to grow earnings and revenue by 16.3% and 1.5% per annum respectively. EPS is expected to grow by 18.1% per annum. Return on equity is forecast to be 11.2% in 3 years.
Key information
16.3%
Earnings growth rate
18.12%
EPS growth rate
| Professional Services earnings growth | 11.7% |
| Revenue growth rate | 1.5% |
| Future return on equity | 11.18% |
| Analyst coverage | Low |
| Last updated | 30 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • Apr 29
STEM: Share Buyback And Margin Outlook Will Support Future Upside Potential
Analysts have nudged their price target on SThree higher to £3.00, reflecting updated assumptions around discount rates, modestly stronger revenue growth and slightly improved profit margins, while keeping the fair value estimate unchanged at £3.00. What's in the News SThree plans a leadership change, as CFO Andrew Beach is set to step down from the Board at the conclusion of the Annual General Meeting on 29 April 2026, and remain in the business until the half year results announcement on 21 July 2026 to support the transition (Key Developments).Narrative Update • Apr 15
STEM: Share Buyback And Margin Outlook Will Support Future Upside Potential
Analysts have trimmed their price target on SThree to £3.00, citing updated assumptions around a slightly higher discount rate, more conservative revenue growth, and modestly better profit margin and future P/E expectations. What's in the News SThree plans a share repurchase program of up to £20 million, with shares to be cancelled and the aim of returning surplus capital to shareholders while keeping flexibility to invest in the Group's strategy (Key Developments).
Narrative Update • Apr 01
STEM: Share Buyback And Stable Margins Will Support Future Upside
Analysts have trimmed their price target for SThree to £15.57 from £16.39, reflecting slightly higher assumed risk, a marginally different revenue growth outlook, and a small adjustment to the expected future P/E multiple. What's in the News SThree plans to repurchase up to £20 million of its shares under a buyback program, with repurchases running until no later than November 30, 2026, and all repurchased shares to be cancelled (company announcement).Narrative Update • Mar 18
STEM: Share Buyback Programme Will Support Bullish Long Term Outlook
Analysts have trimmed their price targets on SThree by £1.24 per share. This reflects slightly adjusted assumptions around discount rates, revenue growth, profit margins and a lower future P/E multiple.Narrative Update • Mar 04
STEM: Share Repurchase Programme Will Support Bullish Long Term Outlook
Analysts have made a modest trim to their price target on SThree to £3.00, reflecting slightly higher assumed discount rates and small tweaks to long term growth, margin and future P/E assumptions. What's in the News On January 27, 2026, SThree plc announced that its Board of Directors would consider a share repurchase program of up to £20 million of its shares, indicating early discussions around returning surplus capital to shareholders (Key Developments).Narrative Update • Feb 17
STEM: Share Buyback And Higher Future P/E Will Support Bullish Outlook
Analysts have raised their price target on SThree to £18.83 from £14.08. The change is mainly linked to updated assumptions around revenue growth, profit margins and a higher future P/E multiple.Analysis Article • Feb 12
SThree (LON:STEM) Has Announced A Dividend Of £0.092
The board of SThree plc ( LON:STEM ) has announced that it will pay a dividend on the 12th of June, with investors...Narrative Update • Feb 03
STEM: Higher Future P/E Multiple Will Support Margins And Share Upside
Analysts have raised their price target on SThree to reflect updated assumptions for revenue growth, profit margins and a higher future P/E multiple. The new valuation framework is now anchored around a fair value of £2.49 per share.Analysis Article • Jan 29
SThree plc (LON:STEM) Just Reported Earnings, And Analysts Cut Their Target Price
Investors in SThree plc ( LON:STEM ) had a good week, as its shares rose 4.8% to close at UK£1.91 following the release...Narrative Update • Jan 20
STEM: Higher Required Return Will Still Support More Optimistic Future P/E
Analysts have nudged their price target on SThree slightly higher to reflect a modestly increased future P/E assumption of 14.08x, with only marginal tweaks to the discount rate, revenue growth, and profit margin inputs guiding this recalibration. Valuation Changes Future P/E was raised from 11.93x to 14.08x, indicating a higher valuation multiple applied to projected earnings.Narrative Update • Jan 05
STEM: Higher Required Return Will Still Support Attractive Future P/E
Analysts have trimmed their price target on SThree from £4.50 to £3.00, reflecting a higher discount rate, more moderate revenue growth assumptions, and a lower future P/E of 11.93x, partly offset by slightly stronger profit margin expectations. Valuation Changes Fair Value: reduced from £4.50 to £3.00, a cut of one third in the implied valuation per share.Analysis Article • Dec 19
A Look At The Intrinsic Value Of SThree plc (LON:STEM)
Key Insights Using the 2 Stage Free Cash Flow to Equity, SThree fair value estimate is UK£1.66 With UK£1.86 share...
Narrative Update • Dec 17
STEM: Future Earnings Compression Signals Bearish Outlook Despite Stronger Revenue Prospects
Analysts have raised their price target on SThree by approximately £1.55, citing stronger expected revenue growth, improved long term profit margins, and a lower projected future P/E multiple. Together, these factors enhance the company’s risk adjusted return profile despite a slightly higher discount rate.Narrative Update • Dec 03
STEM: Future Earnings Multiple Should Support Resilient Margins And Upside Potential
Analysts have modestly raised their price target on SThree to reflect a slightly higher assumed future earnings multiple and a marginally increased discount rate. This results in a small upward revision in the company’s estimated equity value by several pence per share.Narrative Update • Nov 19
STEM: Revenue Growth May Recover as Profit Margins Show Resilience
Analysts have lowered their price target for SThree from £3.04 to £2.49. They cite reduced revenue growth projections and a slight decrease in expected profit margins as key factors behind the revision.Analysis Article • Oct 28
SThree (LON:STEM) Is Paying Out A Dividend Of £0.051
The board of SThree plc ( LON:STEM ) has announced that it will pay a dividend on the 12th of December, with investors...Narrative Update • Sep 17
Digital Transformation Will Unlock Future STEM Talent Opportunities
The downward revision in SThree’s consensus analyst price target from £3.60 to £3.04 primarily reflects reduced expectations for revenue growth and earnings multiples. What's in the News SThree plc reaffirmed earnings guidance for fiscal year 2025, expecting performance in line with previously announced £25.0 million PBT guidance.Analysis Article • Sep 17
Investors Don't See Light At End Of SThree plc's (LON:STEM) Tunnel And Push Stock Down 32%
To the annoyance of some shareholders, SThree plc ( LON:STEM ) shares are down a considerable 32% in the last month...Analysis Article • Aug 01
SThree (LON:STEM) Is Paying Out A Dividend Of £0.051
The board of SThree plc ( LON:STEM ) has announced that it will pay a dividend on the 12th of December, with investors...Analysis Article • Apr 22
Shareholders May Be More Conservative With SThree plc's (LON:STEM) CEO Compensation For Now
Key Insights SThree's Annual General Meeting to take place on 29th of April Salary of UK£510.9k is part of CEO Timo...Analysis Article • Mar 24
SThree's (LON:STEM) Dividend Will Be £0.092
SThree plc's ( LON:STEM ) investors are due to receive a payment of £0.092 per share on 6th of June. The dividend yield...Analysis Article • Mar 06
SThree (LON:STEM) Has Announced A Dividend Of £0.092
SThree plc's ( LON:STEM ) investors are due to receive a payment of £0.092 per share on 6th of June. However, the...Analysis Article • Jan 31
SThree (LON:STEM) Is Due To Pay A Dividend Of £0.092
The board of SThree plc ( LON:STEM ) has announced that it will pay a dividend on the 6th of June, with investors...Analysis Article • Dec 17
SThree plc's (LON:STEM) 25% Dip In Price Shows Sentiment Is Matching Earnings
Unfortunately for some shareholders, the SThree plc ( LON:STEM ) share price has dived 25% in the last thirty days...Analysis Article • Jul 26
SThree's (LON:STEM) Dividend Will Be £0.051
SThree plc ( LON:STEM ) has announced that it will pay a dividend of £0.051 per share on the 6th of December. This...Analysis Article • Apr 25
SThree (LON:STEM) Is Paying Out A Larger Dividend Than Last Year
SThree plc ( LON:STEM ) will increase its dividend from last year's comparable payment on the 7th of June to £0.116...Analysis Article • Apr 04
SThree (LON:STEM) Is Paying Out A Larger Dividend Than Last Year
SThree plc's ( LON:STEM ) dividend will be increasing from last year's payment of the same period to £0.116 on 7th of...Analysis Article • Feb 22
SThree's (LON:STEM) Dividend Will Be Increased To £0.116
SThree plc ( LON:STEM ) has announced that it will be increasing its dividend from last year's comparable payment on...Analysis Article • Feb 02
SThree (LON:STEM) Is Increasing Its Dividend To £0.116
SThree plc ( LON:STEM ) has announced that it will be increasing its dividend from last year's comparable payment on...Analysis Article • Sep 10
SThree's (LON:STEM) Dividend Will Be £0.05
The board of SThree plc ( LON:STEM ) has announced that it will pay a dividend on the 8th of December, with investors...Analysis Article • Aug 27
SThree (LON:STEM) Has Announced A Dividend Of £0.05
The board of SThree plc ( LON:STEM ) has announced that it will pay a dividend of £0.05 per share on the 8th of...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 11/30/2028 | 1,358 | 25 | 20 | 36 | 3 |
| 11/30/2027 | 1,295 | 16 | 16 | 30 | 3 |
| 11/30/2026 | 1,263 | 7 | 17 | 33 | 3 |
| 11/30/2025 | 1,302 | 18 | 53 | 62 | N/A |
| 8/31/2025 | 1,340 | 23 | 33 | 43 | N/A |
| 5/31/2025 | 1,378 | 29 | 12 | 25 | N/A |
| 2/28/2025 | 1,436 | 39 | 19 | 32 | N/A |
| 11/30/2024 | 1,493 | 50 | 27 | 40 | N/A |
| 8/31/2024 | 1,547 | 53 | 36 | 48 | N/A |
| 5/31/2024 | 1,601 | 56 | 46 | 56 | N/A |
| 2/29/2024 | 1,632 | 56 | 54 | 63 | N/A |
| 11/30/2023 | 1,663 | 56 | 61 | 70 | N/A |
| 8/31/2023 | 1,678 | 53 | 69 | 76 | N/A |
| 5/31/2023 | 1,692 | 50 | 77 | 82 | N/A |
| 2/28/2023 | 1,666 | 52 | 60 | 64 | N/A |
| 11/30/2022 | 1,639 | 54 | 42 | 46 | N/A |
| 8/31/2022 | 1,564 | 55 | N/A | N/A | N/A |
| 5/31/2022 | 1,488 | 55 | 33 | 36 | N/A |
| 2/28/2022 | 1,409 | 49 | 34 | 37 | N/A |
| 11/30/2021 | 1,331 | 42 | 35 | 38 | N/A |
| 8/31/2021 | 1,276 | 36 | N/A | N/A | N/A |
| 5/31/2021 | 1,222 | 30 | 36 | 41 | N/A |
| 2/28/2021 | 1,212 | 24 | 49 | 54 | N/A |
| 11/30/2020 | 1,203 | 19 | 61 | 67 | N/A |
| 5/31/2020 | 1,267 | 33 | 67 | 73 | N/A |
| 2/29/2020 | 1,296 | 37 | 52 | 56 | N/A |
| 11/30/2019 | 1,325 | 41 | 36 | 40 | N/A |
| 8/31/2019 | 1,335 | 40 | N/A | 31 | N/A |
| 5/31/2019 | 1,325 | 38 | N/A | 22 | N/A |
| 2/28/2019 | 1,292 | 36 | N/A | 19 | N/A |
| 11/30/2018 | 1,258 | 34 | N/A | 16 | N/A |
| 8/31/2018 | 1,219 | 30 | N/A | 17 | N/A |
| 5/31/2018 | 1,180 | 26 | N/A | 19 | N/A |
| 2/28/2018 | 1,147 | 27 | N/A | 24 | N/A |
| 11/30/2017 | 1,115 | 28 | N/A | 29 | N/A |
| 8/31/2017 | 1,076 | 30 | N/A | 35 | N/A |
| 5/31/2017 | 1,037 | 32 | N/A | 41 | N/A |
| 2/28/2017 | 999 | 30 | N/A | 38 | N/A |
| 11/30/2016 | 960 | 27 | N/A | 34 | N/A |
| 8/31/2016 | 924 | 27 | N/A | 35 | N/A |
| 5/31/2016 | 889 | 26 | N/A | 36 | N/A |
| 2/29/2016 | 869 | 27 | N/A | 41 | N/A |
| 11/30/2015 | 849 | 27 | N/A | 46 | N/A |
| 8/31/2015 | 829 | 23 | N/A | 37 | N/A |
| 5/31/2015 | 809 | 20 | N/A | 28 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STEM's forecast earnings growth (16.3% per year) is above the savings rate (3.4%).
Earnings vs Market: STEM's earnings (16.3% per year) are forecast to grow faster than the UK market (12.1% per year).
High Growth Earnings: STEM's earnings are forecast to grow, but not significantly.
Revenue vs Market: STEM's revenue (1.5% per year) is forecast to grow slower than the UK market (4.5% per year).
High Growth Revenue: STEM's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STEM's Return on Equity is forecast to be low in 3 years time (11.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 06:28 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/11/30 |
| Annual Earnings | 2025/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
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Industry and Sector Metrics
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Analyst Sources
SThree plc is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Bayliss | Berenberg |
| James Gilbert | Canaccord Genuity |
| Steven Woolf | Deutsche Bank |