AIM:OPM

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

1pm plc, together with its subsidiaries, provides financial products and services to consumers and businesses in the United Kingdom. More Details


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

How has 1pm's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OPM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.4%

OPM

-11.2%

GB Diversified Financial

-5.1%

GB Market


1 Year Return

-41.9%

OPM

-20.7%

GB Diversified Financial

-20.0%

GB Market

Return vs Industry: OPM underperformed the UK Diversified Financial industry which returned -19.8% over the past year.

Return vs Market: OPM underperformed the UK Market which returned -19.3% over the past year.


Shareholder returns

OPMIndustryMarket
7 Day5.4%-11.2%-5.1%
30 Day3.0%-5.4%-4.3%
90 Day-1.4%2.4%-4.5%
1 Year-41.9%-41.9%-12.3%-20.7%-17.0%-20.0%
3 Year-63.0%-64.4%-14.7%-22.3%-13.6%-24.3%
5 Year-74.9%-76.2%210.0%151.7%10.2%-14.6%

Price Volatility Vs. Market

How volatile is 1pm's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 1pm undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OPM (£0.17) is trading below our estimate of fair value (£0.98)

Significantly Below Fair Value: OPM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OPM is poor value based on its PE Ratio (9.7x) compared to the GB Diversified Financial industry average (9.4x).

PE vs Market: OPM is good value based on its PE Ratio (9.7x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OPM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OPM is good value based on its PB Ratio (0.3x) compared to the GB Diversified Financial industry average (0.9x).


Next Steps

Future Growth

How is 1pm forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-19.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 1pm has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has 1pm performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OPM has a large one-off loss of £909.0K impacting its May 31 2020 financial results.

Growing Profit Margin: OPM's current net profit margins (5.4%) are lower than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: OPM's earnings have grown by 18.6% per year over the past 5 years.

Accelerating Growth: OPM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OPM had negative earnings growth (-75.5%) over the past year, making it difficult to compare to the Diversified Financial industry average (-26.5%).


Return on Equity

High ROE: OPM's Return on Equity (2.8%) is considered low.


Next Steps

Financial Health

How is 1pm's financial position?


Financial Position Analysis

Short Term Liabilities: OPM's short term assets (£107.7M) exceed its short term liabilities (£54.5M).

Long Term Liabilities: OPM's short term assets (£107.7M) exceed its long term liabilities (£28.9M).


Debt to Equity History and Analysis

Debt Level: OPM's debt to equity ratio (4.4%) is considered satisfactory.

Reducing Debt: OPM's debt to equity ratio has reduced from 5.1% to 4.4% over the past 5 years.

Debt Coverage: OPM's debt is well covered by operating cash flow (136.6%).

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


Balance Sheet


Next Steps

Dividend

What is 1pm current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate OPM'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 OPM's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OPM'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?

1.6yrs

Average management tenure


CEO

R. Smith (58 yo)

4.58yrs

Tenure

UK£216,000

Compensation

Mr. R. Ian Smith, BA, FCA, has been the Group Chief Executive Officer of 1pm PLC since February 1, 2016. Mr. Smith serves as Finance Director of Derwent Living. Mr. Smith has been with Derwent for 14 years ...


CEO Compensation Analysis

Compensation vs Market: R.'s total compensation ($USD279.84K) is about average for companies of similar size in the UK market ($USD349.56K).

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


Leadership Team

NamePositionTenureCompensationOwnership
R. Smith
Group CEO & Executive Director4.58yrsUK£216.00k0.14%
£ 21.7k
James Matthew Roberts
CFO & Executive Directorno dataUK£166.00k0.043%
£ 6.6k
Jennifer Bodey
Head of Compliance & and Governance and Company Secretaryno datano datano data
Carol Roberts
Head of Asset Division1.58yrsno datano data
Lorraine Neyland
Head of Risk Function1.58yrsno datano data
David Jones
Head of Group IT1.33yrsno datano data
Phil Chesham
Head of Invoice Finance - Northno datano datano data
Alun Winter
Head of Loansno datano datano data
Tansy Cunningham
Head of Invoice Finance - Southno datano datano data

1.6yrs

Average Tenure

58yo

Average Age

Experienced Management: OPM's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

1pm plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 1pm plc
  • Ticker: OPM
  • Exchange: AIM
  • Founded: 2000
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: UK£15.364m
  • Shares outstanding: 90.37m
  • Website: https://www.1pm.co.uk

Number of Employees


Location

  • 1pm plc
  • St James House, The Square
  • 2nd Floor
  • Bath
  • Avon
  • BA2 3BH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPAug 2006

Biography

1pm plc, together with its subsidiaries, provides financial products and services to consumers and businesses in the United Kingdom. The company operates through four segments: Asset Finance, Vehicle Finan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:26
End of Day Share Price2020/10/30 00:00
Earnings2020/05/31
Annual Earnings2020/05/31


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.