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SSP Group

LSE:SSPG
Snowflake Description

Proven track record average dividend payer.

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

SSP Group plc operates food and beverage outlets. The last earnings update was 8 days ago. More info.


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SSPG Share Price and Events
7 Day Returns
-1.2%
LSE:SSPG
0.3%
GB Hospitality
0.5%
GB Market
1 Year Returns
-1.1%
LSE:SSPG
-8.7%
GB Hospitality
-5.4%
GB Market
SSPG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SSP Group (SSPG) -1.2% -3% -4.1% -1.1% 101.7% -
GB Hospitality 0.3% -0.1% -2.9% -8.7% 9.7% 28.7%
GB Market 0.5% -1.7% 2.1% -5.4% 13.8% 1.8%
1 Year Return vs Industry and Market
  • SSPG outperformed the Hospitality industry which returned -8.7% over the past year.
  • SSPG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.4% over the past year.
Price Volatility
SSPG
Industry
5yr Volatility vs Market

SSPG Value

 Is SSP 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 SSP 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 SSP Group.

LSE:SSPG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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 LSE:SSPG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.927 (1 + (1- 19%) (19.94%))
1.051
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.051 * 6.65%)
8.22%

Discounted Cash Flow Calculation for LSE:SSPG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SSP Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:SSPG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.22%)
2019 160.05 Analyst x2 147.89
2020 199.62 Analyst x2 170.45
2021 161.83 Analyst x2 127.68
2022 138.72 Est @ -14.28% 101.14
2023 125.36 Est @ -9.63% 84.46
2024 117.37 Est @ -6.37% 73.07
2025 112.57 Est @ -4.09% 64.76
2026 109.76 Est @ -2.5% 58.35
2027 108.25 Est @ -1.38% 53.17
2028 107.60 Est @ -0.6% 48.84
Present value of next 10 years cash flows £929.81
LSE:SSPG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £107.60 × (1 + 1.23%) ÷ (8.22% – 1.23%)
£1,557.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,557.69 ÷ (1 + 8.22%)10
£707.02
LSE:SSPG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £929.81 + £707.02
£1,636.82
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,636.82 / 441.89
£3.7
LSE:SSPG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.70
Current discount Discount to share price of £6.85
= -1 x (£6.85 - £3.70) / £3.70
-84.9%

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

  • The current share price of SSP 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 SSP Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SSP Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SSPG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.26
LSE:SSPG Share Price ** LSE (2019-05-23) in GBP £6.85
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 18.11x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.47x

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

** Primary Listing of SSP Group.

LSE:SSPG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SSPG Share Price ÷ EPS (both in GBP)

= 6.85 ÷ 0.26

26.05x

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

  • SSP Group is overvalued based on earnings compared to the GB Hospitality industry average.
  • SSP Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does SSP Group's expected growth come at a high price?
Raw Data
LSE:SSPG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
8.3%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.05x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

LSE:SSPG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.05x ÷ 8.3%

3.13x

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

  • SSP Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SSP Group's assets?
Raw Data
LSE:SSPG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.85
LSE:SSPG Share Price * LSE (2019-05-23) in GBP £6.85
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.38x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,369 Publicly-Listed Companies 1.5x
LSE:SSPG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SSPG Share Price ÷ Book Value per Share (both in GBP)

= 6.85 ÷ 0.85

8.09x

* Primary Listing of SSP Group.

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

  • SSP Group is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess SSP 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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. SSP 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.

SSPG Future Performance

 How is SSP Group expected to perform in the next 1 to 3 years based on estimates from 13 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
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SSP Group expected to grow at an attractive rate?
  • SSP Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • SSP Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • SSP Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:SSPG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SSPG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 8.3%
LSE:SSPG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5.4%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
LSE:SSPG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SSPG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 3,039 337 148 9
2020-09-30 2,886 318 144 13
2019-09-30 2,738 310 130 7
LSE:SSPG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 2,649 244 119
2018-12-31 2,607 258 118
2018-09-30 2,565 273 117
2018-06-30 2,525 275 109
2018-03-31 2,484 276 101
2017-12-31 2,432 262 97
2017-09-30 2,379 247 93
2017-06-30 2,273 227 85
2017-03-31 2,166 206 77
2016-12-31 2,078 197 74
2016-09-30 1,990 189 72
2016-06-30 1,930 180 66

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SSP Group's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • SSP Group's revenue is expected to grow by 5.4% 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
LSE:SSPG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from SSP Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SSPG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 0.34 0.34 0.34 3.00
2020-09-30 0.31 0.32 0.28 5.00
2019-09-30 0.28 0.29 0.28 4.00
LSE:SSPG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.26
2018-12-31 0.26
2018-09-30 0.26
2018-06-30 0.25
2018-03-31 0.23
2017-12-31 0.22
2017-09-30 0.21
2017-06-30 0.19
2017-03-31 0.18
2016-12-31 0.17
2016-09-30 0.16
2016-06-30 0.15

*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.
  • SSP Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess SSP 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.
SSP 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.

SSPG Past Performance

  How has SSP Group performed over the past 5 years?

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 SSP Group's growth in the last year to its industry (Hospitality).
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.
  • SSP Group has delivered over 20% year on year earnings growth in the past 5 years.
  • SSP Group's 1-year earnings growth is less than its 5-year average (17.2% vs 45.4%)
  • SSP Group's earnings growth has exceeded the GB Hospitality industry average in the past year (17.2% vs 12.8%).
Earnings and Revenue History
SSP 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 SSP Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SSPG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,648.70 118.70 286.20
2018-12-31 2,606.80 117.95 284.40
2018-09-30 2,564.90 117.20 282.60
2018-06-30 2,524.65 109.25 280.90
2018-03-31 2,484.40 101.30 279.20
2017-12-31 2,431.75 97.05 273.85
2017-09-30 2,379.10 92.80 268.50
2017-06-30 2,272.60 84.75 256.90
2017-03-31 2,166.10 76.70 245.30
2016-12-31 2,078.20 74.35 233.85
2016-09-30 1,990.30 72.00 222.40
2016-06-30 1,930.35 65.70 215.75
2016-03-31 1,870.40 59.40 209.10
2015-12-31 1,851.65 56.40 207.05
2015-09-30 1,832.90 53.40 205.00
2015-06-30 1,826.70 21.65 204.25
2015-03-31 1,820.50 -10.10 203.50
2014-12-31 1,823.80 -21.00 205.35
2014-09-30 1,827.10 -31.90 207.20
2014-06-30 1,836.50 -15.75 208.25
2014-03-31 1,845.90 0.40 209.30
2013-12-31 1,836.55 -0.40 207.05
2013-09-30 1,827.20 -1.20 204.80
2012-09-30 1,737.50 -0.60 472.20

*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.
  • Whilst SSP Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • SSP Group used its assets more efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • SSP Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SSP 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 Hospitality 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.
SSP 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.

SSPG Health

 How is SSP 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 SSP Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SSP Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SSP Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SSP 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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
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 SSP Group Company Filings, last reported 1 month ago.

LSE:SSPG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 461.00 603.70 166.10
2018-12-31 461.00 603.70 166.10
2018-09-30 458.30 490.80 147.80
2018-06-30 458.30 490.80 147.80
2018-03-31 464.80 446.80 145.50
2017-12-31 464.80 446.80 145.50
2017-09-30 465.00 459.60 178.10
2017-06-30 465.00 459.60 178.10
2017-03-31 389.10 501.00 104.30
2016-12-31 389.10 501.00 104.30
2016-09-30 382.70 487.40 155.80
2016-06-30 382.70 487.40 155.80
2016-03-31 300.50 487.70 100.10
2015-12-31 300.50 487.70 100.10
2015-09-30 291.70 464.30 134.70
2015-06-30 291.70 464.30 134.70
2015-03-31 254.50 492.00 102.00
2014-12-31 254.50 492.00 102.00
2014-09-30 250.40 505.30 133.30
2014-06-30 250.40 505.30 133.30
2014-03-31 -207.80 1,043.30 142.10
2013-12-31 -207.80 1,043.30 142.10
2013-09-30 -195.10 1,057.90 182.10
2012-09-30 -193.40 1,049.90 162.20
  • SSP Group's level of debt (131%) compared to net worth is high (greater than 40%).
  • SSP Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (40.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.5x coverage).
X
Financial health checks
We assess SSP 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. SSP Group has a total score of 3/6, 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.

SSPG Dividends

 What is SSP 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
6.48%
Current annual income from SSP Group dividends. Estimated to be 1.84% next year.
If you bought £2,000 of SSP Group shares you are expected to receive £130 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?
  • SSP Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.98%).
  • SSP Group's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.3%).
Upcoming dividend payment

Purchase SSP Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
LSE:SSPG 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 13 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 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.

LSE:SSPG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.14 10.00
2020-09-30 0.13 14.00
2019-09-30 0.12 9.00
LSE:SSPG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-01-22 0.444 6.260
2018-01-25 0.106 1.533
2017-11-22 0.106 1.486
2017-05-18 0.069 1.222
2017-01-30 0.063 1.372
2016-11-29 0.063 1.506
2016-05-18 0.054 1.565
2016-01-29 0.048 1.533
2015-05-21 0.046 1.412

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

  • Whilst dividend payments have been stable, SSP Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but SSP Group only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of SSP Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess SSP Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 SSP Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SSP Group has a total score of 4/6, see the detailed checks below.


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

SSPG Management

 What is the CEO of SSP 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
Kate Swann
COMPENSATION £6,247,000
AGE 53
TENURE AS CEO 5.7 years
CEO Bio

Ms. Kate E. Swann, FCA, has been the Chief Executive Officer at SSP Group plc since September 4, 2013 and its Executive Director since June 16, 2014. Ms. Swann served as the Group Chief Executive of WH Smith PLC from November 1, 2003 to June 30, 2013. She served as Managing Director of Argos Ltd., a part of GUS Plc since 2000. She started her career at Tesco Plc as a Marketing Executive. She served four years for Homepride Foods as a Brand Manager since 1988. She joined Coca Cola Schweppes Beverages in 1992. At Coca Cola Schweppes, Ms. Swann served as General Marketing Manager. In 1993, Ms. Swann joined Dixons Stores Group, initially as the Group Marketing Controller and Marketing Director of Currys. She served for four years at Dixons Stores Group, she served as the Marketing Director of Homebase and within 18 months and served as its Managing Director since December 2000. She has a wide range of marketing and retail experience. She held a number of senior marketing roles with major high street companies. She serves as an Independent Non-Executive Director of Babcock Southern Holdings Limited. She served as an Independent Non-Executive Director of Babcock International Group plc from June 1, 2011 to December 31, 2015. She served as an Executive Director of WH Smith PLC from November 1, 2003 to June 30, 2013. Ms. Swann served as an Non Executive Independent Director of British Land Co. Plc from April 1, 2006 to July 10, 2009. Ms. Swann served as an Independent Non-Executive Director of Lambert Howarth Group PLC, from August 2000 to June 2006 and served as a Director of Smiths News PLC from June 26, 2006 to August 31, 2006. Ms. Swann received an honorary doctorate from the University of Bradford in 2007 and graduated from the University of Bradford in 1986 with a BSc in Business Management.

CEO Compensation
  • Kate's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kate's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the SSP Group management team in years:

5.2
Average Tenure
54
Average Age
  • The average tenure for the SSP Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kate Swann

TITLE
CEO & Executive Director
COMPENSATION
£6M
AGE
53
TENURE
5.7 yrs

Jonathan Davies

TITLE
CFO & Executive Director
COMPENSATION
£2M
AGE
56
TENURE
15.3 yrs

Sarah John

TITLE
Director of Investor Relations

Helen Byrne

TITLE
General Counsel & Company Secretary
AGE
62
TENURE
12.2 yrs

Rachel Howarth

TITLE
HR Director & MD of Netherlands
TENURE
3.5 yrs

Mark Angela

TITLE
Chief Executive Officer of SSP Asia Pacific
AGE
54
TENURE
5.1 yrs

Jonathan Sharp

TITLE
Chief Commercial & Strategy Officer
TENURE
1.3 yrs

Chris Rayner

TITLE
Chief Executive Officer of SSP South America
AGE
53
TENURE
5.3 yrs

Nick Inkster

TITLE
CEO of SSP Nordics & Spain and Group Director of Strategic Client Partnerships
AGE
62

Simon Smith

TITLE
Chief Executive Officer of SSP UK & Ireland and Director
AGE
46
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the SSP Group board of directors in years:

4.9
Average Tenure
56
Average Age
  • The tenure for the SSP Group board of directors is about average.
Board of Directors

Vagn Sørensen

TITLE
Chairman
COMPENSATION
£187K
AGE
59
TENURE
12.9 yrs

Kate Swann

TITLE
CEO & Executive Director
COMPENSATION
£6M
AGE
53
TENURE
4.9 yrs

Jonathan Davies

TITLE
CFO & Executive Director
COMPENSATION
£2M
AGE
56
TENURE
4.9 yrs

Simon Smith

TITLE
Chief Executive Officer of SSP UK & Ireland and Director
AGE
46
TENURE
0.5 yrs

Ian Dyson

TITLE
Independent Non-Executive Director
COMPENSATION
£59K
AGE
56
TENURE
5.1 yrs

Carolyn Bradley

TITLE
Senior Independent Director
TENURE
0.3 yrs

Per Utnegaard

TITLE
Independent Non-Executive Director
COMPENSATION
£49K
AGE
59
TENURE
3.8 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 (£)
29. Jan 19 Sell Nick Inkster Individual 25. Jan 19 25. Jan 19 -162,857 £7.04 £-1,146,162
08. Aug 18 Sell Chris Rayner Individual 23. Jul 18 23. Jul 18 -95,238 £7.23 £-688,330
01. Jun 18 Sell Simon Smith Individual 30. May 18 30. May 18 -190,476 £6.88 £-1,310,000
X
Management checks
We assess SSP 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. SSP 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.

SSPG News

Simply Wall St News

Have Insiders Been Selling SSP Group plc (LON:SSPG) Shares?

So before you buy or sell SSP Group plc (LON:SSPG), you may well want to know whether insiders have been buying or selling. … Check out our latest analysis for SSP Group SSP Group Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the Chief Executive Officer of SSP UK & Ireland and Director, Simon Smith, for UK£1.3m worth of shares, at about UK£6.88 per share. … Insider Ownership of SSP Group I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

SSP Group plc (LON:SSPG): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like SSP Group plc (LON:SSPG), with a market cap of UK£3.0b. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Is SSP Group plc's (LON:SSPG) Growth Strong Enough To Justify Its April Share Price?

SSP Group plc (LON:SSPG) closed yesterday at £7.08, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s look into this by assessing SSPG's expected growth over the next few years. … Analysts are predicting good growth prospects for SSP Group over the next couple of years

Simply Wall St -

Interested In SSP Group plc (LON:SSPG)’s Upcoming UK£0.32 Dividend? You Have 2 Days Left

Have you been keeping an eye on SSP Group plc's (LON:SSPG) upcoming dividend of UK£0.32 per share payable on the 26 April 2019? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St -

How Do Analysts See SSP Group plc (LON:SSPG) Performing In The Next Couple Of Years?

The most recent earnings update SSP Group plc's (LON:SSPG) released in September 2018a … showed

Simply Wall St -

SSP Group plc (LON:SSPG) Delivered A Better ROE Than Its Industry

Our data shows SSP Group has a return on equity of 31% for the last year. … That means that for every £1 worth of shareholders' equity, it generated £0.31 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Investors Should Know About SSP Group plc's (LON:SSPG) Financial Strength

SSPG’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … SSPG’s Debt (And Cash Flows)

Simply Wall St -

Can You Imagine How Chuffed SSP Group's Shareholders Feel About Its 125% Share Price Gain?

To wit, the SSP Group plc (LON:SSPG) share price has flown 125% in the last three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, SSP Group achieved compound earnings per share growth of 29% per year.

Simply Wall St -

Our Take On SSP Group plc's (LON:SSPG) CEO Salary

In 2013 Kate Swann was appointed CEO of SSP Group plc (LON:SSPG). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Kate Swann's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Why SSP Group plc (LON:SSPG) Could Be Your Next Investment

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … In the case of SSP Group plc (LON:SSPG), there's

Simply Wall St -

SSPG Company Info

Description

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company was incorporated in 2006 and is based in London, the United Kingdom.

Details
Name: SSP Group plc
SSPG
Exchange: LSE
Founded: 2006
£3,026,926,737
441,887,115
Website: http://www.foodtravelexperts.com
Address: SSP Group plc
169 Euston Road,
London,
Greater London, NW1 2AE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SSPG Ordinary Shares London Stock Exchange GB GBP 10. Jul 2014
OTCPK SSPP.F Ordinary Shares Pink Sheets LLC US USD 10. Jul 2014
DB 83S2 Ordinary Shares Deutsche Boerse AG DE EUR 10. Jul 2014
BATS-CHIXE SSPGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 10. Jul 2014
Number of employees
Current staff
Staff numbers
37,000
SSP Group employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:13
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.