Announcement • May 06
Dignity plc(LSE:DTY) dropped from FTSE All-Share Index (GBP) Dignity plc(LSE:DTY) dropped from FTSE All-Share Index (GBP) Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CFO & Executive Director Dean Moore is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 30
First half 2022 earnings released: UK£2.59 loss per share (vs UK£0.62 profit in 1H 2021) First half 2022 results: UK£2.59 loss per share (down from UK£0.62 profit in 1H 2021). Revenue: UK£166.9m (down 12% from 1H 2021). Net loss: UK£129.3m (down UK£160.5m from profit in 1H 2021). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the United Kingdom are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to UK£4.51, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Services industry in Europe. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to UK£4.14, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Services industry in Europe. Total loss to shareholders of 36% over the past three years. Reported Earnings • May 03
Full year 2021 earnings released: EPS: UK£0.24 (vs UK£0.51 loss in FY 2020) Full year 2021 results: EPS: UK£0.24 (up from UK£0.51 loss in FY 2020). Revenue: UK£353.7m (down 1.1% from FY 2020). Net income: UK£12.1m (up UK£37.6m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). Over the next year, revenue is expected to shrink by 23% compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to UK£4.16 Down from UK£4.50, the current price target is an average from 2 analysts. New target price is 16% below last closing price of UK£4.93. Stock is down 26% over the past year. The company is forecast to post earnings per share of UK£0.27 for next year compared to UK£0.24 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman John Castagno is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 20% share price gain to UK£6.08, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Consumer Services industry in Europe. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 15% share price gain to UK£5.74, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 13x in the Consumer Services industry in Europe. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to UK£5.47, the stock trades at a trailing P/E ratio of 16.1x. Average forward P/E is 15x in the Consumer Services industry in Europe. Total loss to shareholders of 26% over the past three years. Price Target Changed • Feb 17
Price target decreased to UK£4.50 Down from UK£5.71, the current price target is an average from 2 analysts. New target price is 30% below last closing price of UK£6.43. Stock is up 21% over the past year. The company is forecast to post earnings per share of UK£0.12 next year compared to a net loss per share of UK£0.51 last year. Board Change • Feb 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Director of Funeral Operations & Additional Executive Director Andrew Judd is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 18% share price gain to UK£7.28, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Consumer Services industry in Europe. Total returns to shareholders of 4.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.42 per share. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Director of Funeral Operations & Additional Executive Director Andrew Judd is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Director of Funeral Operations & Additional Executive Director Andrew Judd is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 24
First half 2021 earnings released: EPS UK£0.62 (vs UK£0.23 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£189.0m (down 4.1% from 1H 2020). Net income: UK£31.2m (up UK£42.5m from 1H 2020). Profit margin: 17% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Sep 13
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Director of Funeral Operations & Additional Executive Director Andrew Judd is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman John Castagno was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Sep 10
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Director of Funeral Operations & Additional Executive Director Andrew Judd is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman John Castagno was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Price Target Changed • Sep 08
Price target increased to UK£5.71 Up from UK£5.19, the current price target is an average from 3 analysts. New target price is 26% below last closing price of UK£7.73. Stock is up 51% over the past year. Reported Earnings • May 01
Full year 2020 earnings released: UK£0.51 loss per share (vs UK£0.70 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: UK£357.5m (up 5.5% from FY 2019). Net loss: UK£25.5m (down 173% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 30
Independent Non-Executive Director has left the company On the 22nd of April, Gillian D. Kent's tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Gillian D.'s name. A total of 7 executives have left over the last 12 months. Executive Departure • Apr 30
Independent Non-Executive Director has left the company On the 22nd of April, Paul Humphreys' tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Paul's name. A total of 7 executives have left over the last 12 months. Executive Departure • Apr 30
Interim CFO & Director has left the company On the 22nd of April, Dean Moore's tenure as Interim CFO & Director ended after less than a year in the role. We don't have any record of a personal shareholding under Dean's name. A total of 7 executives have left over the last 12 months. Executive Departure • Apr 27
Non-Executive Director has left the company On the 26th of April, James Wilson's tenure as Non-Executive Director ended after 2.0 years in the role. As of December 2020, James personally held only 1.00k shares (UK£6.4k worth at the time). A total of 4 executives have left over the last 12 months. Reported Earnings • Mar 18
Full year 2020 earnings released: UK£0.51 loss per share (vs UK£0.70 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: UK£357.5m (up 5.5% from FY 2019). Net loss: UK£25.5m (down 173% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 19
New 90-day low: UK£5.32 The company is down 25% from its price of UK£7.07 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£7.09 per share. Price Target Changed • Feb 10
Price target raised to UK£5.19 Up from UK£4.39, the current price target is an average from 4 analysts. The new target price is 6.0% below the current share price of UK£5.52. As of last close, the stock is up 0.5% over the past year.