AIM:SHRE

Stock Analysis Report

Executive Summary

Share Plc, together with its subsidiaries, engages in stockbroking-related activities in the United Kingdom.

Snowflake

Fundamentals

Moderate growth potential with questionable track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

SHRE

-1.3%

GB Capital Markets

-0.4%

GB Market


1 Year Return

19.8%

SHRE

19.7%

GB Capital Markets

2.9%

GB Market

Return vs Industry: SHRE matched the UK Capital Markets industry which returned 19.7% over the past year.

Return vs Market: SHRE exceeded the UK Market which returned 2.9% over the past year.


Shareholder returns

SHREIndustryMarket
7 Day0.8%-1.3%-0.4%
30 Day-0.8%-3.1%-1.4%
90 Day-6.9%3.0%-2.1%
1 Year21.7%19.8%22.6%19.7%8.0%2.9%
3 Year12.4%8.0%77.2%64.6%18.0%3.6%
5 Year-17.3%-23.9%148.0%118.6%35.8%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

124.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SHRE (£0.3) is trading above our estimate of fair value (£0.01)

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


Price To Earnings Ratio

PE vs Industry: SHRE is poor value based on its PE Ratio (124.2x) compared to the Capital Markets industry average (18.9x).

PE vs Market: SHRE is poor value based on its PE Ratio (124.2x) compared to the UK market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: SHRE is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: SHRE is overvalued based on its PB Ratio (2.2x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is Share forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

49.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHRE's forecast earnings growth (49% per year) is above the savings rate (1.2%).

Earnings vs Market: SHRE's earnings (49% per year) are forecast to grow faster than the UK market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SHRE's revenue (2.5% per year) is forecast to grow slower than the UK market (3.9% per year).

High Growth Revenue: SHRE's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SHRE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Share performed over the past 5 years?

-34.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SHRE's earnings have declined by -34.1% per year over the past 5 years.

Accelerating Growth: SHRE's earnings growth over the past year (1794.4%) exceeds its 5-year average (-34.1% per year).

Earnings vs Industry: SHRE earnings growth over the past year (1794.4%) exceeded the Capital Markets industry 4.6%.


Return on Equity

High ROE: SHRE's Return on Equity (1.7%) is considered low.


Return on Assets

ROA vs Industry: SHRE's Return on Assets is below or equal to the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SHRE's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Share's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: SHRE has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SHRE's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: SHRE's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if SHRE has a sufficient allowance for bad loans.

Low Risk Liabilities: SHRE reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if SHRE has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SHRE has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if SHRE has an appropriate level of bad loans.


Next Steps

Dividend

What is Share's current dividend yield, its reliability and sustainability?

1.82%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%2.0%markettop25%5.4%industryaverage2.1%forecastin3Years2.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SHRE's dividend (1.82%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: SHRE's dividend (1.82%) is low compared to the top 25% of dividend payers in the UK market (5.36%).

Stable Dividend: SHRE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SHRE's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (225.9%), SHRE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Share's salary, the management and board of directors tenure and is there insider trading?

5.7yrs

Average board tenure


CEO

Richard Stone (46yo)

5.8yrs

Tenure

UK£303,610

Compensation

Mr. Richard W. Stone has been the Chief Executive Officer of Share Plc since January 1, 2014. Mr. Stone serves as the Chief Executive Officer and Finance Director of The Share Centre Limited. He served as  ...


CEO Compensation Analysis

Compensation vs. Market: Richard's total compensation ($USD390.81K) is about average for companies of similar size in the UK market ($USD320.52K).

Compensation vs Earnings: Richard's compensation has increased by more than 20% in the past year.


Board Age and Tenure

5.7yrs

Average Tenure

59yo

Average Age

Experienced Board: SHRE's board of directors are considered experienced (5.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUK£20,00107 Jun 19
Gareth Thomas
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares60,610
Max PriceUK£0.33
BuyUK£19,99907 Jun 19
Gareth Thomas
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares60,511
Max PriceUK£0.33
SellUK£17,63609 May 19
Cenkos Securities plc, Asset Management Arm
EntityCompany
Shares47,950
Max PriceUK£0.37
BuyUK£19,66309 May 19
Cenkos Securities plc, Asset Management Arm
EntityCompany
Shares54,924
Max PriceUK£0.36
SellUK£4,34107 May 19
Cenkos Securities plc, Asset Management Arm
EntityCompany
Shares12,281
Max PriceUK£0.35
BuyUK£8,17807 May 19
Cenkos Securities plc, Asset Management Arm
EntityCompany
Shares22,716
Max PriceUK£0.36
BuyUK£416,81405 Dec 18
Gavin David Oldham
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,667,254
Max PriceUK£0.25
SellUK£416,81405 Dec 18
Gavin David Oldham
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,667,254
Max PriceUK£0.25

Ownership Breakdown


Management Team

  • Richard Stone (46yo)

    Chief Executive & Director

    • Tenure: 5.8yrs
    • Compensation: UK£303.61k
  • Gavin David Oldham (70yo)

    Executive Chairman

    • Tenure: 5.8yrs
    • Compensation: UK£181.89k
  • Mike Birkett (47yo)

    Finance Director & Executive Director

    • Tenure: 5.7yrs
    • Compensation: UK£220.22k

Board Members

  • Francesca Ecsery-Merrens (56yo)

    Non Executive Director

    • Tenure: 8.8yrs
    • Compensation: UK£29.25k
  • Richard Stone (46yo)

    Chief Executive & Director

    • Tenure: 5.8yrs
    • Compensation: UK£303.61k
  • Richard Tolkien (64yo)

    Senior Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: UK£31.13k
  • Gavin David Oldham (70yo)

    Executive Chairman

    • Tenure: 5.8yrs
    • Compensation: UK£181.89k
  • Gareth Thomas (62yo)

    Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: UK£30.76k
  • Mike Birkett (47yo)

    Finance Director & Executive Director

    • Tenure: 5.7yrs
    • Compensation: UK£220.22k

Company Information

Share Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Share Plc
  • Ticker: SHRE
  • Exchange: AIM
  • Founded: 1991
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: UK£42.015m
  • Shares outstanding: 138.89m
  • Website: https://www.share.com/shareplc

Number of Employees


Location

  • Share Plc
  • Oxford House
  • Oxford Road
  • Aylesbury
  • Buckinghamshire
  • HP21 8SZ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHREAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPApr 2009

Biography

Share Plc, together with its subsidiaries, engages in stockbroking-related activities in the United Kingdom. The company operates through Share Center and Sharefunds divisions. The Share Center division pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 20:32
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.