AIM:PIER

Stock Analysis Report

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Executive Summary

The Brighton Pier Group PLC operates leisure and entertainment assets in the United Kingdom.


Snowflake Analysis

Undervalued with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.7%

PIER

4.3%

GB Hospitality

2.0%

GB Market


1 Year Return

-40.0%

PIER

-29.7%

GB Hospitality

-12.8%

GB Market

Return vs Industry: PIER underperformed the UK Hospitality industry which returned -29.7% over the past year.

Return vs Market: PIER underperformed the UK Market which returned -12.8% over the past year.


Shareholder returns

PIERIndustryMarket
7 Day2.7%4.3%2.0%
30 Day2.7%-1.8%5.7%
90 Day-31.8%-25.9%-8.2%
1 Year-40.0%-40.0%-27.3%-29.7%-8.6%-12.8%
3 Year-61.1%-61.1%-24.3%-32.6%-6.2%-17.6%
5 Year-22.7%-22.7%-2.9%-20.2%12.7%-12.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Brighton Pier Group 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: PIER (£0.38) is trading below our estimate of fair value (£1.84)

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


Price To Earnings Ratio

PE vs Industry: PIER is good value based on its PE Ratio (5.7x) compared to the Hospitality industry average (17.8x).

PE vs Market: PIER is good value based on its PE Ratio (5.7x) compared to the UK market (14.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PIER is good value based on its PB Ratio (0.5x) compared to the GB Hospitality industry average (1x).


Next Steps

Future Growth

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

2.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PIER's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if PIER'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: PIER's revenue (2% per year) is forecast to grow slower than the UK market (3.6% per year).

High Growth Revenue: PIER's revenue (2% 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 PIER's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Brighton Pier Group performed over the past 5 years?

61.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PIER has high quality earnings.

Growing Profit Margin: PIER's current net profit margins (7.5%) are higher than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: PIER has become profitable over the past 5 years, growing earnings by 61.3% per year.

Accelerating Growth: PIER's earnings growth over the past year (72.7%) exceeds its 5-year average (61.3% per year).

Earnings vs Industry: PIER earnings growth over the past year (72.7%) exceeded the Hospitality industry -10.9%.


Return on Equity

High ROE: PIER's Return on Equity (9.5%) is considered low.


Next Steps

Financial Health

How is Brighton Pier Group's financial position?


Financial Position Analysis

Short Term Liabilities: PIER's short term assets (£4.0M) do not cover its short term liabilities (£8.9M).

Long Term Liabilities: PIER's short term assets (£4.0M) do not cover its long term liabilities (£31.0M).


Debt to Equity History and Analysis

Debt Level: PIER's debt to equity ratio (50.8%) is considered high.

Reducing Debt: PIER's debt to equity ratio has increased from 41.8% to 50.8% over the past 5 years.

Debt Coverage: PIER's debt is well covered by operating cash flow (45.4%).

Interest Coverage: PIER's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PIER'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 PIER's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

4.8yrs

Average board tenure


CEO

Anne Ackord

2.83yrs

Tenure

UK£178,000

Compensation

Ms. Anne Ackord has been the Chief Executive Officer of The Brighton Pier Group PLC since June 26, 2017 and has been its Executive Director since April 2016. Ms. Martin has been General Manager of The Brig ...


CEO Compensation Analysis

Compensation vs Market: Anne's total compensation ($USD219.70K) is below average for companies of similar size in the UK market ($USD336.69K).

Compensation vs Earnings: Anne's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Anne Ackord
CEO & Executive Director2.83yrsUK£178.00kno data
John Smith
CFO, Company Secretary & Executive Directorno dataUK£168.00k3.36% £470.1k
Luke Johnson
Non-Executive Chairman4.83yrsno data26.99% £3.8m
James Fallon
Senior Independent Directorno dataUK£30.00k1.27% £177.2k
Paul Viner
Independent Non-Executive Director4.83yrsUK£30.00k0.14% £20.3k

4.8yrs

Average Tenure

55yo

Average Age

Experienced Board: PIER'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

The Brighton Pier Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Brighton Pier Group PLC
  • Ticker: PIER
  • Exchange: AIM
  • Founded: 2006
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: UK£13.982m
  • Shares outstanding: 37.29m
  • Website: https://www.brightonpiergroup.com

Number of Employees


Location

  • The Brighton Pier Group PLC
  • 36 Drury Lane
  • London
  • Greater London
  • WC2B 5RR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PIERAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2013

Biography

The Brighton Pier Group PLC operates leisure and entertainment assets in the United Kingdom. The company owns and operates Brighton Palace Pier that offers a range of attractions, including 2 arcades and 18 funfair rides, as well as various on-site hospitality and catering facilities. It also operates and manages 12 premium bars under the Embargo Republica, Lola Lo, Po Na Na, Le Fez, Lowlander, Smash, and Coalition names; and operates 8 indoor mini golf sites at high footfall retail and leisure centers. The company was formerly known as Eclectic Bar Group plc and changed its name to The Brighton Pier Group PLC in April 2016. The Brighton Pier Group PLC was founded in 2006 and is based 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 Analysis2020/05/31 00:22
End of Day Share Price2020/05/29 00:00
Earnings2019/12/29
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.