LSE:WIL

Stock Analysis Report

Executive Summary

Wilmington plc provides information, education, and networking services to professional markets worldwide.


Snowflake Analysis

Solid track record and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: WIL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.8%

WIL

-8.8%

GB Professional Services

-5.4%

GB Market


1 Year Return

-47.4%

WIL

-4.7%

GB Professional Services

-25.2%

GB Market

Return vs Industry: WIL underperformed the UK Professional Services industry which returned 0.5% over the past year.

Return vs Market: WIL underperformed the UK Market which returned -22.4% over the past year.


Shareholder returns

WILIndustryMarket
7 Day-3.8%-8.8%-5.4%
30 Day-49.8%-18.4%-20.6%
90 Day-55.5%-18.3%-29.1%
1 Year-46.3%-47.4%-2.5%-4.7%-21.5%-25.2%
3 Year-50.7%-55.7%18.0%10.0%-15.3%-25.9%
5 Year-41.5%-50.4%62.0%42.9%-3.6%-25.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WIL (£1.13) is trading below our estimate of fair value (£3.37)

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


Price To Earnings Ratio

PE vs Industry: WIL is good value based on its PE Ratio (10.6x) compared to the Professional Services industry average (15.5x).

PE vs Market: WIL is good value based on its PE Ratio (10.6x) compared to the UK market (12.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WIL is overvalued based on its PB Ratio (2.4x) compared to the GB Professional Services industry average (2.3x).


Next Steps

Future Growth

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

4.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if WIL's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if WIL's earnings are forecast to grow faster than the UK market

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

Revenue vs Market: WIL's revenue (4.1% per year) is forecast to grow faster than the UK market (2.4% per year).

High Growth Revenue: WIL's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WIL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Wilmington performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WIL has high quality earnings.

Growing Profit Margin: WIL's current net profit margins (7.5%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: WIL's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: WIL's earnings growth over the past year (186.5%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: WIL earnings growth over the past year (186.5%) exceeded the Professional Services industry 12%.


Return on Equity

High ROE: Whilst WIL's Return on Equity (22.26%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Wilmington's financial position?


Financial Position Analysis

Short Term Liabilities: WIL's short term assets (£36.5M) do not cover its short term liabilities (£53.3M).

Long Term Liabilities: WIL's short term assets (£36.5M) do not cover its long term liabilities (£59.2M).


Debt to Equity History and Analysis

Debt Level: WIL's debt to equity ratio (111.7%) is considered high.

Reducing Debt: WIL's debt to equity ratio has increased from 80.1% to 111.7% over the past 5 years.

Debt Coverage: WIL's debt is well covered by operating cash flow (39.3%).

Interest Coverage: WIL's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet

Inventory Level: WIL has a low level of unsold assets or inventory.

Debt Coverage by Assets: WIL's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

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

7.41%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WIL'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?

1.6yrs

Average management tenure


CEO

Mark Milner

0.75

Tenure

Mr. Mark F. Milner is Chief Executive Officer of Wilmington plc since joining in July 1, 2019 and its Director since July 2019. He served as Chief Executive Officer at dmgi:land&property emea & apac. Mr. M ...


Leadership Team

NamePositionTenureCompensationOwnership
Richard Amos
CFO, Company Secretary & Executive Director2.08yrsUK£411.00kno data
Mark Milner
CEO & Director0.75yrno data0.052% £50.8k
Thomas Mount
Chief Technology Officer1.25yrsno datano data
Mark Solon
Divisional Managing Director of Wilmington Legal5.75yrsno datano data
Tamara Kahn
Compliance Divisional Director0.83yrno datano data
Tony Bainbridge
Group Human Resources Director4.25yrsno data0.0078% £7.7k
Stephen Broome
Chief Operating Officer of Training & Eventsno dataUK£258.95kno data
Michael Harrington
Divisional Managing Directorno datano datano data

1.6yrs

Average Tenure

Experienced Management: WIL's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Richard Amos
CFO, Company Secretary & Executive Director2.08yrsUK£411.00kno data
Mark Milner
CEO & Director0.75yrno data0.052% £50.8k
Derek Carter
Senior Independent Directorno dataUK£48.00k0.029% £28.3k
Martin W. Morgan
Non-Executive Chairman1.92yrsUK£221.00k0.10% £101.7k
Paul Dollman
Independent Non-Executive Director4.58yrsUK£48.00k0.046% £45.2k
Nathalie Schwarz
Independent Non-Executive Director8.33yrsUK£48.00kno data

2.1yrs

Average Tenure

65.5yo

Average Age

Experienced Board: WIL's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: WIL 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

Wilmington plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wilmington plc
  • Ticker: WIL
  • Exchange: LSE
  • Founded: 1995
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: UK£98.716m
  • Shares outstanding: 87.36m
  • Website: https://www.wilmingtonplc.com

Number of Employees


Location

  • Wilmington plc
  • 10 Whitechapel High Street
  • 5th Floor
  • London
  • Greater London
  • E1 8QS
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WILLSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 1995
WMGT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 1995

Biography

Wilmington plc provides information, education, and networking services to professional markets worldwide. Its Risk & Compliance segment provides regulatory and compliance training and information, market intelligence, and analysis services. This segment focuses on international financial services and insurance markets, as well as the United Kingdom pensions industry, and risk and compliance officers. The company’s Professional segment offers expert and technical training and support services to professionals in corporate finance and capital markets, as well as to accountants. This segment primarily serves tier 1 banks, the international financial services industry, small to medium sized professional accountancy, and law firms. Its Healthcare segment offers analysis and clarity to customer-focused organizations, which enables them to understand and connect with their markets. This segment also engages in the United Kingdom healthcare information; Paris based European healthcare news agency; and non-healthcare data suppression and charity information, as well as healthcare networking event businesses. The company also provides information and events for professional practice management; professional and witness training, and conference services; cloud based insight, CRM, KAM, and consultancy services to the pharmaceutical industry; and financial and legacy information services. In addition, it offers post qualification legal training services; business intelligence, data analysis, workflow tools, and other services, as well as online education for the healthcare industry; training courses in compliance and money laundering; Spanish language subscription based publications; trust and shared services; and professional association services. The company was formerly known as Wilmington Group plc and changed its name to Wilmington plc in February 2015. Wilmington plc was incorporated in 1995 and is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 00:31
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.