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SSPG

SSP GroupLSE:SSPG Stock Report

Market Cap

UK£2.2b

7D

4.1%

1Y

43.4%

Updated

24 Sep, 2021

Data

Company Financials +
SSPG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance0/6
Financial Health0/6
Dividends0/6

SSPG Overview

SSP Group plc operates food and beverage outlets.

SSP Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SSP Group
Historical stock prices
Current Share PriceUK£2.77
52 Week HighUK£1.70
52 Week LowUK£4.00
Beta1.97
1 Month Change0.95%
3 Month Change-4.87%
1 Year Change43.40%
3 Year Change-63.57%
5 Year Change-20.14%
Change since IPO18.42%

Recent News & Updates

Jun 10
The SSP Group plc (LON:SSPG) Analysts Have Been Trimming Their Sales Forecasts

The SSP Group plc (LON:SSPG) Analysts Have Been Trimming Their Sales Forecasts

The analysts covering SSP Group plc ( LON:SSPG ) delivered a dose of negativity to shareholders today, by making a...

Shareholder Returns

SSPGGB HospitalityGB Market
7D4.1%3.9%0.6%
1Y43.4%54.0%23.4%

Return vs Industry: SSPG underperformed the UK Hospitality industry which returned 57.3% over the past year.

Return vs Market: SSPG exceeded the UK Market which returned 24.5% over the past year.

Price Volatility

Is SSPG's price volatile compared to industry and market?
SSPG volatility
SSPG Beta1.97
Industry Beta1.21
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
200621,798Simon Smithhttps://www.foodtravelexperts.com

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 35 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

SSP Group Fundamentals Summary

How do SSP Group's earnings and revenue compare to its market cap?
SSPG fundamental statistics
Market CapUK£2.21b
Earnings (TTM)-UK£600.40m
Revenue (TTM)UK£475.20m

4.6x

P/S Ratio

-3.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSPG income statement (TTM)
RevenueUK£475.20m
Cost of RevenueUK£486.00m
Gross Profit-UK£10.80m
ExpensesUK£589.60m
Earnings-UK£600.40m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Dec 08, 2021

Earnings per share (EPS)-0.75
Gross Margin-2.27%
Net Profit Margin-126.35%
Debt/Equity Ratio-1,957.9%

How did SSPG perform over the long term?

See historical performance and comparison

Valuation

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


Share Price vs. Fair Value

Below Fair Value: SSPG (£2.77) is trading above our estimate of fair value (£1.44)

Significantly Below Fair Value: SSPG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SSPG is unprofitable, so we can't compare its PE Ratio to the UK Hospitality industry average.

PE vs Market: SSPG 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 SSPG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SSPG has negative assets, so we can't compare its PB Ratio to the GB Hospitality industry average.


Future Growth

How is SSP Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

74.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSPG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

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

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

Revenue vs Market: SSPG's revenue (34.5% per year) is forecast to grow faster than the UK market (5.4% per year).

High Growth Revenue: SSPG's revenue (34.5% per year) is forecast to grow faster 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 (21.1%)


Past Performance

How has SSP Group performed over the past 5 years?

-56.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSPG is currently unprofitable.

Growing Profit Margin: SSPG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SSPG is unprofitable, and losses have increased over the past 5 years at a rate of 56.2% per year.

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

Earnings vs Industry: SSPG is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (113.7%).


Return on Equity

High ROE: SSPG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is SSP Group's financial position?


Financial Position Analysis

Short Term Liabilities: SSPG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SSPG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SSPG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SSPG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: SSPG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SSPG's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

0.66%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SSPG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SSPG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SSPG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SSPG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SSPG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SSPG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Simon Smith (49 yo)

2.25yrs

Tenure

UK£720,000

Compensation

Mr. Simon Smith has been the Chief Executive Officer at SSP Group Plc since June 1, 2019 and has been its Director since November 20, 2018. Mr. Smith was the Chief Executive Officer of SSP UK and Ireland a...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD984.23K) is below average for companies of similar size in the UK market ($USD1.65M).

Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SSPG's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: SSPG's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 48.1%.


Top Shareholders

Company Information

SSP Group plc's 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£2.205b
  • Shares outstanding: 795.56m
  • Website: https://www.foodtravelexperts.com

Number of Employees


Location

  • SSP Group plc
  • Jamestown Wharf
  • 32 Jamestown Road
  • London
  • Greater London
  • NW1 7HW
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 22:55
End of Day Share Price2021/09/24 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.