AIM:TRB

Stock Analysis Report

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Executive Summary

Tribal Group plc provides education related systems and solutions, and educational consultancy services in the United Kingdom, the Asia Pacific, North America, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TRB is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TRB's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

TRB

0.3%

GB Consumer Services

1.2%

GB Market


1 Year Return

34.1%

TRB

30.2%

GB Consumer Services

4.6%

GB Market

Return vs Industry: TRB exceeded the UK Consumer Services industry which returned 28.8% over the past year.

Return vs Market: TRB exceeded the UK Market which returned 2.1% over the past year.


Shareholder returns

TRBIndustryMarket
7 Day-0.5%0.3%1.2%
30 Day3.1%-0.4%1.1%
90 Day24.2%6.9%2.4%
1 Year36.4%34.1%32.0%30.2%10.7%4.6%
3 Year24.4%18.9%37.3%32.5%8.6%-4.5%
5 Year181.5%93.7%84.1%42.8%39.5%12.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

32.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRB (£0.93) is trading below our estimate of fair value (£1.37)

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


Price To Earnings Ratio

PE vs Industry: TRB is unprofitable, so we can't compare its PE Ratio to the XE Consumer Services industry average.

PE vs Market: TRB is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TRB is overvalued based on its PB Ratio (5.1x) compared to the XE Consumer Services industry average (3x).


Next Steps

Future Growth

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

60.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: TRB is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TRB's is expected to become profitable in the next 3 years.

Revenue vs Market: TRB's revenue (0.1% per year) is forecast to grow slower than the UK market (6.8% per year).

High Growth Revenue: TRB's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TRB's Return on Equity is forecast to be low in 3 years time (18.6%).


Next Steps

Past Performance

How has Tribal Group performed over the past 5 years?

63.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRB is currently unprofitable.

Growing Profit Margin: TRB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TRB is unprofitable, but has reduced losses over the past 5 years at a rate of 63.4% per year.

Accelerating Growth: Unable to compare TRB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TRB is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (27.2%).


Return on Equity

High ROE: TRB has a negative Return on Equity (-7.59%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tribal Group's financial position?


Financial Position Analysis

Short Term Liabilities: TRB's short term assets (£31.8M) do not cover its short term liabilities (£36.6M).

Long Term Liabilities: TRB's short term assets (£31.8M) exceed its long term liabilities (£15.7M).


Debt to Equity History and Analysis

Debt Level: TRB's debt to equity ratio (27%) is considered satisfactory.

Reducing Debt: TRB's debt to equity ratio has reduced from 62.2% to 27% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TRB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TRB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.8% per year.


Next Steps

Dividend

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

1.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRB's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: TRB's dividend (1.19%) is low compared to the top 25% of dividend payers in the UK market (4.49%).


Stability and Growth of Payments

Stable Dividend: TRB's dividend payments have been volatile in the past 10 years.

Growing Dividend: TRB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: TRB is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: TRB's dividends in 3 years are forecast to be well covered by earnings (30.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Mark Pickett

2.5yrs

Tenure

UK£874,014

Compensation

Mr. Mark Pickett has been Chief Executive Officer of Tribal Group plc since March 18, 2019. He served as the Company Secretary at Tribal Group plc June 30, 2016 and has been its Director since July 2016. H...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD1.21M) is above average for companies of similar size in the UK market ($USD574.49K).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Pickett
CEO & Director2.5yrsUK£874.01k0.34%
£ 641.2k
Paul Simpson
Acting Chief Financial Officer2yrsno datano data
Mark Wilson
Chief Operating Officer1.17yrsno datano data
Mike Cope
Chief Technology Officer1.5yrsno data0.034%
£ 64.7k
Ken Lewis
Global Legal Counsel & Company Secretary5.17yrsno datano data
Mike Beech
Marketing & Product Management Directorno datano datano data
Chloe Payne
Director of HRno datano datano data
Janet Tomlinson
Managing Director of Education Servicesno datano datano data
Peter Croft
Managing Director of APAC Regionno datano datano data

2.0yrs

Average Tenure

Experienced Management: TRB's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Pickett
CEO & Director2.5yrsUK£874.01k0.34%
£ 641.2k
Roger McDowell
Senior Independent Non-Executive Director5.33yrsUK£164.66k1.94%
£ 3.7m
Richard Last
Independent Non-Executive Chairman5.33yrsUK£269.56k1.95%
£ 3.7m
Nigel Halkes
Independent Non-Executive Director1.17yrsno data0.0070%
£ 13.2k

5.0yrs

Average Tenure

64yo

Average Age

Experienced Board: TRB's board of directors are considered experienced (5 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Tribal Group plc
  • Ticker: TRB
  • Exchange: AIM
  • Founded: 1999
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: UK£189.650m
  • Shares outstanding: 205.03m
  • Website: https://www.tribalgroup.com

Number of Employees


Location

  • Tribal Group plc
  • Kings Orchard
  • One Queen Street
  • Bristol
  • BS2 0HQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRBAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2001
T3GDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2001

Biography

Tribal Group plc provides education related systems and solutions, and educational consultancy services in the United Kingdom, the Asia Pacific, North America, and internationally. The company operates thr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 20:21
End of Day Share Price2021/03/05 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.