AIM:ANX

Stock Analysis Report

Executive Summary

Anexo Group Plc provides integrated credit hire and legal services to the clients involved in a non-fault accident in the United Kingdom.

Rewards

PE ratio (11.5x) is below the UK market (17.2x)

Revenue is forecast to grow 10.47% per year

Earnings have grown 7.2% per year over the past 5 years

Risk Analysis

High level of non-cash earnings



Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ANX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.6%

ANX

-2.6%

GB Consumer Services

0.1%

GB Market


1 Year Return

35.0%

ANX

9.0%

GB Consumer Services

9.8%

GB Market

Return vs Industry: ANX exceeded the UK Consumer Services industry which returned 9% over the past year.

Return vs Market: ANX exceeded the UK Market which returned 9.8% over the past year.


Shareholder returns

ANXIndustryMarket
7 Day-8.6%-2.6%0.1%
30 Day-16.2%-6.4%-0.2%
90 Day-14.9%-1.1%2.0%
1 Year36.9%35.0%10.4%9.0%15.5%9.8%
3 Yearn/a4.4%-1.4%20.1%4.8%
5 Yearn/a-47.3%-61.3%44.5%11.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ANX (£1.6) is trading above our estimate of fair value (£0.54)

Significantly Below Fair Value: ANX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ANX is good value based on its PE Ratio (11.5x) compared to the Consumer Services industry average (13.3x).

PE vs Market: ANX is good value based on its PE Ratio (11.5x) compared to the UK market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ANX is good value based on its PB Ratio (2.1x) compared to the GB Consumer Services industry average (2.6x).


Next Steps

Future Growth

How is Anexo Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: Insufficient data to determine if ANX'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: ANX's revenue (10.5% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: ANX's revenue (10.5% 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 ANX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Anexo Group performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANX has a high level of non-cash earnings.

Growing Profit Margin: ANX's current net profit margins (21.9%) are higher than last year (21.7%).


Past Earnings Growth Analysis

Earnings Trend: ANX's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: ANX's earnings growth over the past year (52.7%) exceeds its 5-year average (7.2% per year).

Earnings vs Industry: ANX earnings growth over the past year (52.7%) underperformed the Consumer Services industry 52.7%.


Return on Equity

High ROE: ANX's Return on Equity (18.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Anexo Group's financial position?


Financial Position Analysis

Short Term Liabilities: ANX's short term assets (£117.3M) exceed its short term liabilities (£42.3M).

Long Term Liabilities: ANX's short term assets (£117.3M) exceed its long term liabilities (£5.2M).


Debt to Equity History and Analysis

Debt Level: ANX's debt to equity ratio (26%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ANX's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ANX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ANX's interest payments on its debt are well covered by EBIT (13x coverage).


Balance Sheet

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

Debt Coverage by Assets: ANX's debt is covered by short term assets (assets are 5.4x debt).


Next Steps

Dividend

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

1.25%

Current Dividend Yield


Dividend Yield vs Market

company1.3%marketbottom25%2.0%markettop25%5.2%industryaverage1.9%forecastin3Years1.6%

Current dividend yield vs market & industry

Notable Dividend: ANX's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.95%).

High Dividend: ANX's dividend (1.25%) is low compared to the top 25% of dividend payers in the UK market (5.19%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ANX's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ANX's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18%), ANX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.6yrs

Average board tenure


CEO

Anexo Group has no CEO, or we have no data on them.


Board Age and Tenure

1.6yrs

Average Tenure

59yo

Average Age

Experienced Board: ANX's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: ANX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUK£1,700,00014 Nov 19
Alan Sellers
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,000,000
Max PriceUK£1.70

Ownership Breakdown

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


Management Team

  • Alan Sellers (59yo)

    Executive Chairman

    • Tenure: 0yrs
  • Samantha Moss (38yo)

    MD of Bond Turner & Director

    • Tenure: 1.8yrs
  • Mark Bringloe (45yo)

    CFO & Director

    • Tenure: 1.6yrs
  • Dawn O’Brien

    Secretary

    • Tenure: 1.8yrs

Board Members

  • Chris Houghton (60yo)

    Senior Independent Non-Executive Director

    • Tenure: 0yrs
  • Roger Barlow (65yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs
  • Alan Sellers (59yo)

    Executive Chairman

    • Tenure: 0yrs
  • Samantha Moss (38yo)

    MD of Bond Turner & Director

    • Tenure: 1.8yrs
  • Mark Bringloe (45yo)

    CFO & Director

    • Tenure: 1.6yrs
  • Richard Pratt (61yo)

    Independent Non-Executive Director

    • Tenure: 1.6yrs
  • Elizabeth Sands (46yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs

Company Information

Anexo Group Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Anexo Group Plc
  • Ticker: ANX
  • Exchange: AIM
  • Founded: 2006
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: UK£176.000m
  • Shares outstanding: 110.00m
  • Website: https://www.anexo-group.com

Number of Employees


Location

  • Anexo Group Plc
  • The Plaza
  • 5th Floor
  • Liverpool
  • Merseyside
  • L3 9QJ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2018

Biography

Anexo Group Plc provides integrated credit hire and legal services to the clients involved in a non-fault accident in the United Kingdom. The company operates through two divisions, Credit Hire and Legal S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 23:21
End of Day Share Price2019/12/10 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.