SSP Group
- Home ›
- GB ›
- Consumer Services
SSP Group plc operates food and beverage outlets. The last earnings update was 8 days ago. More info.
Add to Portfolio Compare Print
SSPG Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for SSP Group.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess SSP Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess SSP Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- 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)
- 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)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from SSP Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess SSP Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from SSP Group Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess SSP Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) SSP Group has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
£2,000 of
SSP Group
shares you are expected to receive
£130
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
Income/ dividend checks
We assess SSP Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
CEO & Executive Director
£6M
53
5.7 yrs
Jonathan Davies
CFO & Executive Director
£2M
56
15.3 yrs
Sarah John
Director of Investor Relations
Helen Byrne
General Counsel & Company Secretary
62
12.2 yrs
Rachel Howarth
HR Director & MD of Netherlands
3.5 yrs
Mark Angela
Chief Executive Officer of SSP Asia Pacific
54
5.1 yrs
Jonathan Sharp
Chief Commercial & Strategy Officer
1.3 yrs
Chris Rayner
Chief Executive Officer of SSP South America
53
5.3 yrs
Nick Inkster
CEO of SSP Nordics & Spain and Group Director of Strategic Client Partnerships
62
Simon Smith
Chief Executive Officer of SSP UK & Ireland and Director
46
4.9 yrs
Board of Directors Tenure
Average tenure and age of the SSP Group board of directors in years:
- The tenure for the SSP Group board of directors is about average.
Board of Directors
Vagn Sørensen
Chairman
£187K
59
12.9 yrs
Kate Swann
CEO & Executive Director
£6M
53
4.9 yrs
Jonathan Davies
CFO & Executive Director
£2M
56
4.9 yrs
Simon Smith
Chief Executive Officer of SSP UK & Ireland and Director
46
0.5 yrs
Ian Dyson
Independent Non-Executive Director
£59K
56
5.1 yrs
Carolyn Bradley
Senior Independent Director
0.3 yrs
Per Utnegaard
Independent Non-Executive Director
£49K
59
3.8 yrs
Who owns this company?
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 | ||
Management checks
We assess SSP Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleSSP 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 - – Full articleIs 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 - – Full articleInterested 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 - – Full articleHow 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 - – Full articleSSP 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 - – Full articleWhat 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 - – Full articleCan 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 - – Full articleOur 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 - – Full articleWhy 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 - – Full articleSSPG 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
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.
