SSP Group
Market Cap
UK£2.8b
Last Updated
2019/11/20 21:43 UTC
Data Sources
Company Financials +
Executive Summary
SSP Group plc operates food and beverage outlets.
Snowflake
Fundamentals
Proven track record with reasonable growth potential and pays a dividend.
Similar Companies
Share Price & News
How has SSP Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSPG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.8%
SSPG
-0.6%
GB Hospitality
-0.4%
GB Market
1 Year Return
-4.1%
SSPG
17.0%
GB Hospitality
4.0%
GB Market
Return vs Industry: SSPG underperformed the UK Hospitality industry which returned 17% over the past year.
Return vs Market: SSPG underperformed the UK Market which returned 4% over the past year.
Shareholder returns
| SSPG | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.8% | -0.6% | -0.4% |
| 30 Day | -4.5% | 1.7% | 1.5% |
| 90 Day | -10.7% | 3.5% | 3.7% |
| 1 Year | 2.4%-4.1% | 21.1%17.0% | 9.4%4.0% |
| 3 Year | 94.9%71.1% | 39.3%24.7% | 21.4%6.0% |
| 5 Year | 177.1%137.8% | 64.7%38.6% | 33.0%2.8% |
Price Volatility Vs. Market
How volatile is SSP Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Why SSP Group plc (LON:SSPG) Looks Like A Quality Company1 month ago | Simply Wall St
Would SSP Group plc (LON:SSPG) Be Valuable To Income Investors?1 month ago | Simply Wall St
Does SSP Group (LON:SSPG) Have A Healthy Balance Sheet?Valuation
Is SSP Group undervalued compared to its fair value and its price relative to the market?
4.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SSPG (£6.32) is trading below our estimate of fair value (£6.59)
Significantly Below Fair Value: SSPG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SSPG is good value based on its PE Ratio (24x) compared to the Hospitality industry average (27.1x).
PE vs Market: SSPG is poor value based on its PE Ratio (24x) compared to the UK market (17x).
Price to Earnings Growth Ratio
PEG Ratio: SSPG is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: SSPG is overvalued based on its PB Ratio (7.5x) compared to the GB Hospitality industry average (1.6x).
Next Steps
Future Growth
How is SSP Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSPG's forecast earnings growth (15.2% per year) is above the savings rate (1.2%).
Earnings vs Market: SSPG's earnings (15.2% per year) are forecast to grow faster than the UK market (12.5% per year).
High Growth Earnings: SSPG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SSPG's revenue (5% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: SSPG's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SSPG's Return on Equity is forecast to be high in 3 years time (31.3%)
Next Steps
Past Performance
How has SSP Group performed over the past 5 years?
45.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSPG has high quality earnings.
Growing Profit Margin: SSPG's current net profit margins (4.5%) are higher than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: SSPG's earnings have grown significantly by 45.4% per year over the past 5 years.
Accelerating Growth: SSPG's earnings growth over the past year (17.2%) is below its 5-year average (45.4% per year).
Earnings vs Industry: SSPG earnings growth over the past year (17.2%) exceeded the Hospitality industry 2.3%.
Return on Equity
High ROE: Whilst SSPG's Return on Equity (31.26%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is SSP Group's financial position?
Financial Position Analysis
Short Term Liabilities: SSPG's short term assets (£388.3M) do not cover its short term liabilities (£600.2M)
Long Term Liabilities: SSPG's short term assets (£388.3M) do not cover its long term liabilities (566.8M)
Debt to Equity History and Analysis
Debt Level: SSPG's debt to equity ratio (130.6%) is considered high.
Reducing Debt: SSPG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SSPG's debt is well covered by operating cash flow (40.5%).
Interest Coverage: SSPG's interest payments on its debt are well covered by EBIT (19.5x coverage).
Balance Sheet
Inventory Level: SSPG has a high level of physical assets or inventory.
Debt Coverage by Assets: SSPG's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is SSP Group's current dividend yield, its reliability and sustainability?
7.03%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SSPG's dividend (7.03%) is higher than the bottom 25% of dividend payers in the UK market (1.96%).
High Dividend: SSPG's dividend (7.03%) is in the top 25% of dividend payers in the UK market (5.37%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SSPG has been paying a dividend for less than 10 years.
Growing Dividend: SSPG's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.6%), SSPG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SSPG's dividends in 3 years are forecast to be well covered by earnings (39.9% payout ratio).
Next Steps
Management
What is the CEO of SSP Group's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average management tenure
CEO
Simon Smith (47yo)
0.4yrs
Tenure
Mr. Simon Smith has been the Chief Executive Officer at SSP Group Plc since June 1, 2019 and has been its Director since November 21, 2018. Mr. Smith was the Chief Executive Officer of SSP UK and Ireland a ...
Management Age and Tenure
4.7yrs
Average Tenure
56yo
Average Age
Experienced Management: SSPG's management team is considered experienced (4.7 years average tenure).
Board Age and Tenure
4.9yrs
Average Tenure
58.5yo
Average Age
Experienced Board: SSPG's board of directors are considered experienced (4.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Unit CEO CEO of SSP Nordics & Spain and Group Director of Strategic Client Partnerships |
| Shares | 242,581 |
| Max Price | UK£6.89 |
| Entity | Individual |
| Role | Unit CEO CEO of SSP Nordics & Spain and Group Director of Strategic Client Partnerships |
| Shares | 162,857.14 |
| Max Price | UK£7.04 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Management Team
Jonathan Davies (57yo)
CFO & Executive Director
- Tenure: 5.4yrs
- Compensation: UK£2.17m
Sarah John
Director of Investor Relations
- Tenure: 0yrs
Mark Angela (55yo)
Chief Executive Officer of SSP Asia Pacific
- Tenure: 7.8yrs
Nick Inkster (63yo)
CEO of SSP Nordics & Spain and Group Director of Strategic Client Partnerships
- Tenure: 0yrs
Michael Svagdis
Chief Executive Officer of SSP America
- Tenure: 5.3yrs
Helen Byrne (63yo)
General Counsel & Company Secretary
- Tenure: 12.7yrs
Simon Smith (47yo)
CEO & Director
- Tenure: 0.4yrs
Rachel Howarth
HR Director & MD of Netherlands
- Tenure: 4yrs
Oliver Doerschuck (45yo)
Chief Executive Officer of Continental Europe
- Tenure: 0.8yrs
Jonathan Sharp
Chief Commercial & Strategy Officer
- Tenure: 1.8yrs
Board Members
Ian Dyson (57yo)
Independent Non-Executive Director
- Tenure: 5.6yrs
- Compensation: UK£59.00k
Mike Clasper (66yo)
Independent Non-Executive Director
- Tenure: 0yrs
Jonathan Davies (57yo)
CFO & Executive Director
- Tenure: 5.4yrs
- Compensation: UK£2.17m
Vagn Sørensen (60yo)
Chairman
- Tenure: 13.4yrs
- Compensation: UK£187.00k
Per Utnegaard (60yo)
Independent Non-Executive Director
- Tenure: 4.3yrs
- Compensation: UK£49.00k
Carolyn Bradley
Senior Independent Director
- Tenure: 0.8yrs
Simon Smith (47yo)
CEO & Director
- Tenure: 0.4yrs
Company Information
SSP Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SSP Group plc
- Ticker: SSPG
- Exchange: LSE
- Founded: 2006
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: UK£2.810b
- Shares outstanding: 444.55m
- Website: https://www.foodtravelexperts.com
Number of Employees
Location
- SSP Group plc
- 169 Euston Road
- London
- Greater London
- NW1 2AE
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SSPG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jul 2014 |
| 83S2 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2014 |
| SSPP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2014 |
Biography
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 approximat ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/20 21:43 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.