Loading...

Tribal Group

AIM:TRB
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRB
AIM
£146M
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

Tribal Group plc, together with its subsidiaries, provides education related systems and solutions, and educational consultancy services in the United Kingdom, the Asia Pacific, North America, and internationally. The last earnings update was 186 days ago. More info.


Add to Portfolio Compare Print
TRB Share Price and Events
7 Day Returns
0%
AIM:TRB
0.5%
GB Consumer Services
1.5%
GB Market
1 Year Returns
-8.2%
AIM:TRB
-9.2%
GB Consumer Services
-3%
GB Market
TRB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tribal Group (TRB) 0% -2.7% -12.6% -8.2% 100.3% -62%
GB Consumer Services 0.5% 1% -19.3% -9.2% -59.6% -48.7%
GB Market 1.5% 3% 2.7% -3% 20.8% -3.8%
1 Year Return vs Industry and Market
  • TRB outperformed the Consumer Services industry which returned -9.2% over the past year.
  • TRB underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3% over the past year.
Price Volatility
TRB
Industry
5yr Volatility vs Market

Value

 Is Tribal Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tribal Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tribal Group.

AIM:TRB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:TRB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.8%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.984 (1 + (1- 19%) (0%))
0.984
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.984 * 8.77%)
9.86%

Discounted Cash Flow Calculation for AIM:TRB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tribal Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:TRB DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (GBP, Millions) 8.72 7.86 7.08 6.39 5.75
Source Est @ -9.88% Est @ -9.88% Est @ -9.88% Est @ -9.88% Est @ -9.88%
Present Value
Discounted (@ 9.86%)
7.94 6.51 5.34 4.38 3.60
Present value of next 5 years cash flows £27.77
AIM:TRB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £5.75 × (1 + 1.23%) ÷ (9.86% – 1.23%)
£67.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £67.45 ÷ (1 + 9.86%)5
£42.14
AIM:TRB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £27.77 + £42.14
£69.91
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £69.91 / 195.22
£0.36
AIM:TRB Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.36
Current discount Discount to share price of £0.75
= -1 x (£0.75 - £0.36) / £0.36
-108.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tribal Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tribal Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tribal Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:TRB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.02
AIM:TRB Share Price ** AIM (2019-02-15) in GBP £0.75
Europe Consumer Services Industry PE Ratio Median Figure of 11 Publicly-Listed Consumer Services Companies 26.17x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 814 Publicly-Listed Companies 15.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tribal Group.

AIM:TRB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:TRB Share Price ÷ EPS (both in GBP)

= 0.75 ÷ 0.02

37.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tribal Group is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • Tribal Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Tribal Group's expected growth come at a high price?
Raw Data
AIM:TRB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
18.6%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.75x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 579 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

AIM:TRB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.22x ÷ 18.6%

2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tribal Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tribal Group's assets?
Raw Data
AIM:TRB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £0.17
AIM:TRB Share Price * AIM (2019-02-15) in GBP £0.75
United Kingdom of Great Britain and Northern Ireland Consumer Services Industry PB Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 2.03x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,362 Publicly-Listed Companies 1.52x
AIM:TRB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:TRB Share Price ÷ Book Value per Share (both in GBP)

= 0.75 ÷ 0.17

4.52x

* Primary Listing of Tribal Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tribal Group is overvalued based on assets compared to the GB Consumer Services industry average.
X
Value checks
We assess Tribal Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Tribal Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tribal Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tribal Group expected to grow at an attractive rate?
  • Tribal Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Tribal Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Tribal Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:TRB Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:TRB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 18.6%
AIM:TRB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2%
United Kingdom of Great Britain and Northern Ireland Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 0.5%
United Kingdom of Great Britain and Northern Ireland Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:TRB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:TRB Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 85 12 7 2
2019-12-31 82 10 6 2
2018-12-31 80 13 5 2
AIM:TRB Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 83 11 4
2018-03-31 84 11 3
2017-12-31 85 11 3
2017-09-30 87 8 3
2017-06-30 89 4 3
2017-03-31 90 6 1
2016-12-31 90 8 -1
2016-09-30 92 5 -21
2016-06-30 94 2 -42
2016-03-31 100 -2 -44
2015-12-31 107 -6 -45
2015-09-30 113 -1 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tribal Group's earnings are expected to grow by 18.6% yearly, however this is not considered high growth (20% yearly).
  • Tribal Group's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:TRB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Tribal Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TRB Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.03 0.03 0.03 1.00
2019-12-31 0.03 0.03 0.03 1.00
2018-12-31 0.02 0.02 0.02 1.00
AIM:TRB Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.02
2017-03-31 0.00
2016-12-31 -0.01
2016-09-30 -0.15
2016-06-30 -0.35
2016-03-31 -0.41
2015-12-31 -0.48
2015-09-30 -0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tribal Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Tribal Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tribal Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tribal Group performed over the past 5 years?

  • Tribal Group's last earnings update was 186 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tribal Group's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tribal Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Tribal Group's 1-year earnings growth exceeds its 5-year average (32.4% vs -10.8%)
  • Tribal Group's earnings growth has exceeded the Europe Consumer Services industry average in the past year (32.4% vs -14.9%).
Earnings and Revenue History
Tribal Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tribal Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TRB Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 82.76 3.91 33.87
2018-03-31 83.84 3.27 33.94
2017-12-31 84.92 2.62 34.02
2017-09-30 87.05 2.79 31.45
2017-06-30 89.19 2.96 30.15
2017-03-31 89.72 0.90 32.00
2016-12-31 90.26 -1.16 33.86
2016-09-30 92.07 -21.43 34.50
2016-06-30 93.89 -41.71 35.15
2016-03-31 100.31 -43.57 35.14
2015-12-31 106.73 -45.44 35.13
2015-09-30 112.54 -25.48 34.91
2015-06-30 118.36 -5.52 34.69
2015-03-31 121.03 -6.63 34.90
2014-12-31 123.70 -7.75 35.11
2014-09-30 125.24 -4.80 35.53
2014-06-30 126.78 -1.85 35.95
2014-03-31 126.13 4.47 35.12
2013-12-31 125.49 10.78 34.28
2013-09-30 122.99 10.40 33.51
2013-06-30 120.50 10.03 32.75
2013-03-31 117.95 9.00 31.69
2012-12-31 115.40 7.96 30.62
2012-09-30 111.57 7.01 29.35
2012-06-30 107.75 6.07 28.36
2012-03-31 107.99 4.70 29.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tribal Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tribal Group used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Tribal Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tribal Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tribal Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tribal Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tribal Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tribal Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tribal Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tribal Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Tribal Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tribal Group Company Filings, last reported 7 months ago.

AIM:TRB Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 32.24 0.00 9.21
2018-03-31 32.24 0.00 9.21
2017-12-31 32.55 0.00 14.08
2017-09-30 32.55 0.00 14.08
2017-06-30 30.99 2.86 8.37
2017-03-31 30.99 2.86 8.37
2016-12-31 27.49 1.43 10.26
2016-09-30 27.49 1.43 10.26
2016-06-30 24.77 1.50 7.19
2016-03-31 24.77 1.50 7.19
2015-12-31 6.16 36.37 3.90
2015-09-30 6.16 36.37 3.90
2015-06-30 45.55 27.59 4.50
2015-03-31 45.55 27.59 4.50
2014-12-31 54.65 21.02 9.35
2014-09-30 54.65 21.02 9.35
2014-06-30 56.30 29.34 15.89
2014-03-31 56.30 29.34 15.89
2013-12-31 68.23 12.11 7.56
2013-09-30 68.23 12.11 7.56
2013-06-30 60.98 17.43 8.09
2013-03-31 60.98 17.43 8.09
2012-12-31 55.94 18.27 8.42
2012-09-30 55.94 18.27 8.42
2012-06-30 48.26 19.53 6.30
2012-03-31 48.26 19.53 6.30
  • Tribal Group has no debt.
  • Tribal Group has no debt compared to 5 years ago when it was 28.5%.
  • Tribal Group has no debt, it does not need to be covered by operating cash flow.
  • Tribal Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tribal Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tribal Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.34%
Current annual income from Tribal Group dividends. Estimated to be 1.69% next year.
If you bought £2,000 of Tribal Group shares you are expected to receive £27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tribal Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • Tribal Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.25%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:TRB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 710 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:TRB Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.01 2.00
2019-12-31 0.01 2.00
2018-12-31 0.01 2.00
AIM:TRB Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-03-22 0.010 1.208
2017-05-02 0.000 0.000
2017-03-30 0.000 0.000
2016-09-15 0.000 0.000
2016-07-15 0.000 0.000
2016-03-16 0.000 0.000
2015-03-16 0.018 2.799
2014-04-14 0.016 0.941
2014-03-14 0.016 0.803
2013-03-14 0.013 0.711
2012-04-18 0.010 1.054
2012-03-22 0.010 1.348
2011-08-16 0.008 1.563
2011-03-30 0.025 5.566
2010-04-20 0.046 8.798
2010-03-23 0.046 5.748
2009-08-18 0.045 5.402
2009-03-17 0.044 4.956
2009-02-19 0.044 4.201

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Tribal Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Tribal Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tribal Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tribal Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Pickett
COMPENSATION £613,994
TENURE AS CEO 0.3 years
CEO Bio

Mr. Mark Pickett has been the Chief Financial Officer, Company Secretary and Director at Tribal Group plc since June 30, 2016 and its Acting Chief Executive Officer since October 5, 2018.

CEO Compensation
  • Mark's compensation has increased by more than 20% in the past year.
  • Mark's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Tribal Group management team in years:

1.9
Average Tenure
  • The average tenure for the Tribal Group management team is less than 2 years, this suggests a new team.
Management Team

Richard Last

TITLE
Executive Chairman
COMPENSATION
£110K
AGE
61

Mark Pickett

TITLE
CFO, Acting CEO
COMPENSATION
£614K
TENURE
0.3 yrs

Mike Beech

TITLE
Marketing Director

Chloe Payne

TITLE
Director of HR

Janet Tomlinson

TITLE
Managing Director of Quality Improvement Services

Jon Baldwin

TITLE
Managing Director of Higher Education

Mark Wilson

TITLE
Managing Director of EMEA Region
TENURE
2.2 yrs

Barbara Staruk

TITLE
Managing Director of Product & Development

Chris Farnath

TITLE
Managing Director of Cloud & Support Services

Phil Sanders

TITLE
Managing Director of i- graduate
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure of the Tribal Group board of directors in years:

3.3
Average Tenure
  • The tenure for the Tribal Group board of directors is about average.
Board of Directors

Richard Last

TITLE
Executive Chairman
COMPENSATION
£110K
AGE
61
TENURE
3.3 yrs

Mark Pickett

TITLE
CFO, Acting CEO
COMPENSATION
£614K
TENURE
2.7 yrs

Roger McDowell

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£55K
AGE
63
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Tribal Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tribal Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Tribal Group plc (LON:TRB): Is Growth Priced In?

Tribal Group plc (LON:TRB) is considered a high-growth stock, but its last closing price of £0.767 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … See our latest analysis for Tribal Group? … Tribal Group is poised for extremely high earnings growth in the near future

Simply Wall St -

What You Must Know About Tribal Group plc's (LON:TRB) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

Why Tribal Group plc’s (LON:TRB) Cash Is A Factor You Need To Consider

Tribal Group plc (LON:TRB) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … Tribal Group generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of Tribal Group’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Understanding Your Return On Investment In Tribal Group plc (LON:TRB)

and want to begin learning the link between Tribal Group plc (LON:TRB)’s return fundamentals and stock market performance. … Thus, to understand how your money can grow by investing in Tribal Group, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Tribal Group's Return On Capital Employed

Simply Wall St -

Is Tribal Group plc's (LON:TRB) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Tribal Group has a price to earnings ratio of 42.26, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Brief Commentary On Tribal Group plc's (LON:TRB) Fundamentals

Attractive stocks have exceptional fundamentals. … In the case of Tribal Group plc (LON:TRB), there's … financially-healthy

Simply Wall St -

Is It Too Late To Buy Tribal Group plc (LON:TRB) At Its October Price?

Tribal Group plc (LON:TRB) is considered a high growth stock. … However its last closing price of £0.877 left investors wondering whether this growth has already been factored into the share price. … Tribal Group's growth potential is very attractive

Simply Wall St -

Tribal Group plc (LON:TRB): Why Return On Capital Employed Is Important

and looking to gauge the potential return on investment in Tribal Group plc (LON:TRB). … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Tribal Group is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is It Time To Sell Tribal Group plc (LON:TRB) Based Off Its PE Ratio?

and want to better understand how you can grow your money by investing in Tribal Group plc (LON:TRB). … Tribal Group plc (LON:TRB) trades with a trailing P/E of 61.7x, which is higher than the industry average of 30.6x. … While TRB might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Is Tribal Group plc (LON:TRB) Undervalued After Accounting For Its Future Growth?

Tribal Group plc (LON:TRB) closed yesterday at £0.799, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Tribal Group is poised for significantly high earnings growth in the near future

Simply Wall St -

Company Info

Map
Description

Tribal Group plc, together with its subsidiaries, provides education related systems and solutions, and educational consultancy services in the United Kingdom, the Asia Pacific, North America, and internationally. The company operates through three segments: Student Management Systems (SMS), i-graduate, and Quality Assurance Solutions (QAS). The SMS segment offers software, and maintenance and support services; and deploys and configures software for its customers. The i-graduate segment provides a portfolio of performance enhancement tools and services, such as analytics, software solutions, and facilities and asset management. The QAS segment offers inspection and review services that support the assessment of an educational delivery. It serves the universities, colleges, schools, training providers, employers, and government and state bodies. Tribal Group plc has a strategic partnership with Microsoft to expand the access of educational institutions and students to student information systems. Tribal Group plc was founded in 1999 and is based in Bristol, the United Kingdom.

Details
Name: Tribal Group plc
TRB
Exchange: AIM
Founded: 1999
£145,636,722
195,223,489
Website: http://www.tribalgroup.com
Address: Tribal Group plc
Kings Orchard,
One Queen Street,
Bristol,
BS2 0HQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM TRB Ordinary Shares London Stock Exchange AIM Market GB GBP 23. Feb 2001
Number of employees
Current staff
Staff numbers
869
Tribal Group employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 20:40
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/01/24
Last earnings filing: 2018/08/16
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.