Loading...

We've got a brand new version of Simply Wall St! Try it out

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 96 days ago. More info.


Add to Portfolio Compare Print
SSPG Share Price and Events
7 Day Returns
0.7%
LSE:SSPG
-1.7%
GB Hospitality
-1.7%
GB Market
1 Year Returns
-2.3%
LSE:SSPG
-4.3%
GB Hospitality
-5.7%
GB Market
SSPG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SSP Group (SSPG) 0.7% 1.1% 1.3% -2.3% 96.7% 165.4%
GB Hospitality -1.7% -1.7% 2.2% -4.3% 5.3% 38.6%
GB Market -1.7% -4.8% -2.7% -5.7% 4% 0.2%
1 Year Return vs Industry and Market
  • SSPG outperformed the Hospitality industry which returned -4.3% over the past year.
  • SSPG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.7% 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 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.897 (1 + (1- 19%) (19.27%))
1.024
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.024 * 6.65%)
8.04%

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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

LSE:SSPG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.04%)
2020 165.54 Analyst x4 153.22
2021 160.28 Analyst x3 137.31
2022 141.30 Analyst x1 112.05
2023 149.90 Analyst x1 110.02
2024 145.97 Est @ -2.62% 99.16
2025 143.82 Est @ -1.47% 90.43
2026 142.87 Est @ -0.66% 83.15
2027 142.74 Est @ -0.09% 76.89
2028 143.17 Est @ 0.3% 71.39
2029 144.00 Est @ 0.58% 66.46
Present value of next 10 years cash flows £1,000.09
LSE:SSPG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £144.00 × (1 + 1.23%) ÷ (8.04% – 1.23%)
£2,139.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £2,139.76 ÷ (1 + 8.04%)10
£987.52
LSE:SSPG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,000.09 + £987.52
£1,987.61
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,987.61 / 441.89
£4.5
LSE:SSPG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £4.50
Current discount Discount to share price of £7.09
= -1 x (£7.09 - £4.50) / £4.50
-57.6%

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 (2019-08-19) in GBP £7.09
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 36 Publicly-Listed Hospitality Companies 20.7x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 793 Publicly-Listed Companies 15.83x

* 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)

= 7.09 ÷ 0.26

26.96x

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 26.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
10.1%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 29 Publicly-Listed Hospitality Companies 2.02x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 570 Publicly-Listed Companies 1.41x

*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

= 26.96x ÷ 10.1%

2.66x

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 (2019-08-19) in GBP £7.09
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.23x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,370 Publicly-Listed Companies 1.39x
LSE:SSPG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.09 ÷ 0.85

8.37x

* 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 14 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
10.1%
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 14 Analysts 10.1%
LSE:SSPG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 4.8%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 10%
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 12.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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 (4 months ago) See Below
Future Estimates Average of up to 14 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
2023-09-30 3,289 1
2022-09-30 3,135 1
2021-09-30 3,063 338 156 10
2020-09-30 2,921 319 143 14
2019-09-30 2,761 315 130 13
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 10.1% yearly, however this is not considered high growth (20% yearly).
  • SSP Group's revenue is expected to grow by 4.8% 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 (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from SSP Group Company Filings, last reported 4 months 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
2023-09-30
2022-09-30
2021-09-30 0.34 0.35 0.34 3.00
2020-09-30 0.31 0.32 0.31 4.00
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 4.7%).
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 4 months 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 4 months 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
2018-09-30 458.30 489.10 147.80
2018-06-30 458.30 489.10 147.80
2018-03-31 464.80 446.80 145.50
2017-12-31 464.80 446.80 145.50
2017-09-30 465.00 457.80 178.10
2017-06-30 465.00 457.80 178.10
2017-03-31 389.10 501.00 104.30
2016-12-31 389.10 501.00 104.30
2016-09-30 382.70 485.90 155.80
2016-06-30 382.70 485.90 155.80
2016-03-31 300.50 487.70 100.10
2015-12-31 300.50 487.70 100.10
2015-09-30 291.70 462.60 134.70
2015-06-30 291.70 462.60 134.70
2015-03-31 254.50 492.00 102.00
2014-12-31 254.50 492.00 102.00
2014-09-30 250.40 502.80 133.30
2014-06-30 250.40 502.80 133.30
2014-03-31 -207.80 1,040.00 142.10
2013-12-31 -207.80 1,040.00 142.10
2013-09-30 -195.10 1,054.10 182.10
2012-09-30 -193.40 1,045.90 162.20
  • SSP Group's level of debt (130.6%) 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 (40.5%, 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
6.27%
Current annual income from SSP Group dividends. Estimated to be 1.78% next year.
If you bought £2,000 of SSP Group shares you are expected to receive £125 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 (2.08%).
  • SSP Group's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.77%).
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 14 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 28 Stocks 3.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 699 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.1%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.8%

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
2023-09-30 0.15 1.00
2022-09-30 0.14 1.00
2021-09-30 0.14 10.00
2020-09-30 0.13 13.00
2019-09-30 0.11 13.00
LSE:SSPG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-01-22 0.444 6.364
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 1.1%) - 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
Simon Smith
AGE 47
TENURE AS CEO 0.2 years
CEO Bio

Mr. Simon Smith is the Chief Executive Officer at SSP Group Plc since June 1, 2019. Mr. Smith was the Chief Executive Officer of SSP UK and Ireland at SSP Group Plc since June 12, 2014 until June 1, 2019 and is its Director since November 21, 2018. Mr. Smith served as Managing Director of WHSmith’s Travel division and has over 20 years of experience in retail. He began his career with Fenwicks before moving to Allders Department Stores and then Safeway, where he worked in both commercial and marketing roles. He joined the travel division of WHSmith in 2004 as Trading Director before being promoted to Chief Operating Officer and Managing Director. During his tenure, WHSmith Travel doubled the number of its stores and sales for the division grew to £460 million as a result of openings in new channels, and the development of the franchise model in the UK and overseas. He holds a degree from Leeds Metropolitan University Business School.

CEO Compensation
  • Insufficient data for Simon to compare compensation growth.
  • Insufficient data for Simon to establish whether their remuneration is reasonable compared to 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
56
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

Jonathan Davies

TITLE
CFO & Executive Director
COMPENSATION
£2M
AGE
57
TENURE
15.6 yrs

Simon Smith

TITLE
CEO & Director
AGE
47
TENURE
0.2 yrs

Sarah John

TITLE
Director of Investor Relations

Helen Byrne

TITLE
General Counsel & Company Secretary
AGE
63
TENURE
12.4 yrs

Rachel Howarth

TITLE
HR Director & MD of Netherlands
TENURE
3.8 yrs

Mark Angela

TITLE
Chief Executive Officer of SSP Asia Pacific
AGE
55
TENURE
5.3 yrs

Jonathan Sharp

TITLE
Chief Commercial & Strategy Officer
TENURE
1.6 yrs

Chris Rayner

TITLE
Chief Executive Officer of SSP South America
AGE
54
TENURE
5.6 yrs

Nick Inkster

TITLE
CEO of SSP Nordics & Spain and Group Director of Strategic Client Partnerships
AGE
63

Michael Svagdis

TITLE
Chief Executive Officer of SSP America
TENURE
5.1 yrs
Board of Directors Tenure

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

4.6
Average Tenure
57
Average Age
  • The tenure for the SSP Group board of directors is about average.
Board of Directors

Vagn Sørensen

TITLE
Chairman
COMPENSATION
£187K
AGE
60
TENURE
13.2 yrs

Jonathan Davies

TITLE
CFO & Executive Director
COMPENSATION
£2M
AGE
57
TENURE
5.2 yrs

Simon Smith

TITLE
CEO & Director
AGE
47
TENURE
0.8 yrs

Ian Dyson

TITLE
Independent Non-Executive Director
COMPENSATION
£59K
AGE
57
TENURE
5.3 yrs

Carolyn Bradley

TITLE
Senior Independent Director
TENURE
0.5 yrs

Per Utnegaard

TITLE
Independent Non-Executive Director
COMPENSATION
£49K
AGE
60
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • SSP Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
19. Jul 19 Sell Nick Inkster Individual 19. Jul 19 19. Jul 19 -242,581 £6.89 £-1,671,068
29. Jan 19 Sell Nick Inkster Individual 25. Jan 19 25. Jan 19 -162,857 £7.04 £-1,146,162
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

I Built A List Of Growing Companies And SSP Group (LON:SSPG) Made The Cut

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like SSP Group (LON:SSPG). … See our latest analysis for SSP Group SSP Group's Earnings Per Share Are Growing. … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS.

Simply Wall St -

Trade Alert: The CEO of SSP Nordics & Spain and Group Director of Strategic Client Partnerships Of SSP Group plc (LON:SSPG), Nick Inkster, Has Sold Some Shares Recently

See our latest analysis for SSP Group The Last 12 Months Of Insider Transactions At SSP Group Notably, that recent sale by Nick Inkster is the biggest insider sale of SSP Group shares that we've seen in the last year. … Insiders in SSP Group didn't buy any shares in the last year. … An insider sold SSP Group shares recently, but they didn't buy any.

Simply Wall St -

Boasting A 31% Return On Equity, Is SSP Group plc (LON:SSPG) A Top Quality Stock?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for SSP Group: 31% = UK£119m ÷ UK£461m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. … SSP Group's Debt And Its 31% ROE SSP Group clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 1.31.

Simply Wall St -

Three Things You Should Check Before Buying SSP Group plc (LON:SSPG) For Its Dividend

Click the interactive chart for our full dividend analysis LSE:SSPG Historical Dividend Yield, July 12th 2019 Payout ratios Dividends are usually paid out of company earnings. … With a cash payout ratio of 139%, SSP Group's dividend payments are poorly covered by cash flow. … Companies that are growing earnings tend to be the best dividend stocks over the long term.

Simply Wall St -

These 4 Measures Indicate That SSP Group (LON:SSPG) Is Using Debt Reasonably Well

LSE:SSPG Historical Debt, June 30th 2019 A Look At SSP Group's Liabilities We can see from the most recent balance sheet that SSP Group had liabilities of UK£600.2m falling due within a year, and liabilities of UK£566.8m due beyond that. … Because it carries more debt than cash, we think it's worth watching SSP Group's balance sheet over time. … Over the most recent three years, SSP Group recorded free cash flow worth 57% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Can You Imagine How SSP Group's (LON:SSPG) Shareholders Feel About The 90% Share Price Increase?

For example, SSP Group plc (LON:SSPG) shareholders have seen the share price rise 90% over three years, well in excess of the market return (19%, not including dividends). … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … We note that for SSP Group the TSR over the last 3 years was 117%, which is better than the share price return mentioned above.

Simply Wall St -

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 -

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
£3,132,979,645
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
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: 2019/08/19 21:52
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2019/08/09
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.