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Provident Financial

LSE:PFG
Snowflake Description

Exceptional growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PFG
LSE
£1B
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Provident Financial has significant price volatility in the past 3 months.
PFG Share Price and Events
7 Day Returns
-2.4%
LSE:PFG
1%
GB Consumer Finance
1%
GB Market
1 Year Returns
-26.5%
LSE:PFG
-23.2%
GB Consumer Finance
1.6%
GB Market
PFG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Provident Financial (PFG) -2.4% -7.8% -6.4% -26.5% -83% -73.9%
GB Consumer Finance 1% 1.7% -2.5% -23.2% -69.7% -61.4%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • PFG underperformed the Consumer Finance industry which returned -23.2% over the past year.
  • PFG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
PFG
Industry
5yr Volatility vs Market
Related Companies

PFG Value

 Is Provident Financial 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 Provident Financial 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 Provident Financial.

LSE:PFG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= £3.05 * 22.3%
£0.68
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. £3.05
Discount Rate (Cost of Equity) See below 10.5%
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:PFG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 19%) (161.31%))
1.388
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.388 * 6.65%)
10.46%

Discounted Cash Flow Calculation for LSE:PFG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Provident Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:PFG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (22.3% – 10.46%) * £3.05)
£0.36
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.36 / (10.46% - 1.23%)
£3.91
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £3.05 + £3.91
£6.96
LSE:PFG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £6.96
Current discount Discount to share price of £5.09
= -1 x (£5.09 - £6.96) / £6.96
26.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Provident Financial is available for.
Intrinsic value
27%
Share price is £5.09 vs Future cash flow value of £6.96
Current Discount Checks
For Provident Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Provident Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Provident Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Provident Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Provident Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:PFG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.25
LSE:PFG Share Price ** LSE (2019-04-18) in GBP £5.09
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Finance Companies 12.41x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Provident Financial.

LSE:PFG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:PFG Share Price ÷ EPS (both in GBP)

= 5.09 ÷ 0.25

20.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Provident Financial is overvalued based on earnings compared to the GB Consumer Finance industry average.
  • Provident Financial is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Provident Financial's expected growth come at a high price?
Raw Data
LSE:PFG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
33.2%per year
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 0.66x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:PFG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.22x ÷ 33.2%

0.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Provident Financial is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Provident Financial's assets?
Raw Data
LSE:PFG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £2.78
LSE:PFG Share Price * LSE (2019-04-18) in GBP £5.09
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PB Ratio Median Figure of 14 Publicly-Listed Consumer Finance Companies 1.69x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:PFG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.09 ÷ 2.78

1.83x

* Primary Listing of Provident Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Provident Financial is overvalued based on assets compared to the GB Consumer Finance industry average.
X
Value checks
We assess Provident Financial'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. Provident Financial has a total score of 2/6, 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.

PFG Future Performance

 How is Provident Financial expected to perform in the next 1 to 3 years based on estimates from 7 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
33.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Provident Financial expected to grow at an attractive rate?
  • Provident Financial's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Provident Financial's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Provident Financial'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:PFG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:PFG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 33.2%
LSE:PFG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 23.2%
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 23.9%
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 13.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:PFG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:PFG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,299 176 2
2020-12-31 1,215 -15 153 7
2019-12-31 1,126 -8 123 4
LSE:PFG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 641 -40 60
2018-09-30 597 -56 -60
2018-06-30 554 -73 -179
2018-03-31 581 -65 -157
2017-12-31 608 -57 -134
2017-09-30 619 -50 36
2017-06-30 631 -44 206
2017-03-31 717 -16 234
2016-12-31 803 12 263
2016-09-30 926 47 258
2016-06-30 1,050 82 254
2016-03-31 1,042 82 236

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Provident Financial's earnings are expected to grow significantly at over 20% yearly.
  • Provident Financial's revenue is expected to grow significantly at over 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:PFG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Provident Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:PFG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.69 0.69 0.69 1.00
2020-12-31 0.62 0.66 0.59 2.00
2019-12-31 0.48 0.48 0.48 1.00
LSE:PFG Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.25
2018-09-30 -0.24
2018-06-30 -0.95
2018-03-31 -0.70
2017-12-31 -0.91
2017-09-30 0.24
2017-06-30 1.42
2017-03-31
2016-12-31 1.82
2016-09-30 1.79
2016-06-30 1.76
2016-03-31 1.64

*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.
  • Provident Financial is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Provident Financial'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.
Provident Financial has a total score of 6/6, 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.

PFG Past Performance

  How has Provident Financial 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 Provident Financial's growth in the last year to its industry (Consumer Finance).
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.
  • Provident Financial's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Provident Financial has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Provident Financial has become profitable in the last year making it difficult to compare the GB Consumer Finance industry average.
Earnings and Revenue History
Provident Financial'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 Provident Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:PFG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 640.80 60.30
2018-09-30 597.20 -59.55
2018-06-30 553.60 -179.40
2018-03-31 580.85 -156.90
2017-12-31 608.10 -134.40
2017-09-30 619.40 35.65 -68.70
2017-06-30 630.70 205.70 -137.40
2017-03-31 716.70 234.30 -68.70
2016-12-31 802.70 262.90
2016-09-30 926.40 258.35 150.20
2016-06-30 1,050.10 253.80 300.40
2016-03-31 1,041.60 236.00 312.80
2015-12-31 1,033.10 218.20 325.20
2015-09-30 1,025.20 205.85 316.35
2015-06-30 1,017.30 193.50 307.50
2015-03-31 1,007.75 184.55 293.05
2014-12-31 998.20 175.60 278.60
2014-09-30 994.55 166.00 270.95
2014-06-30 990.90 156.40 263.30
2014-03-31 997.40 148.70 257.15
2013-12-31 1,003.90 141.00 251.00
2013-09-30 986.70 144.15 251.35
2013-06-30 969.50 147.30 251.70
2013-03-31 937.40 146.65 249.90
2012-12-31 905.30 146.00 248.10
2012-09-30 888.10 137.00 241.85
2012-06-30 870.90 128.00 235.60

*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.
  • Provident Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Provident Financial used its assets less efficiently than the GB Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Provident Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Provident Financial'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 Consumer Finance 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.
Provident Financial has a total score of 0/6, 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.

PFG Health

 How is Provident Financial'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 Provident Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Provident Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Provident Financial's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Provident Financial'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x 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 Provident Financial Company Filings, last reported 3 months ago.

LSE:PFG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 696.10 2,055.50 435.70
2018-09-30 696.10 2,055.50 435.70
2018-06-30 677.90 2,088.30 566.50
2018-03-31 677.90 2,088.30 566.50
2017-12-31 535.10 2,193.10 328.70
2017-09-30 535.10 2,193.10 328.70
2017-06-30 731.60 1,933.30 206.70
2017-03-31 731.60 1,933.30 206.70
2016-12-31 790.10 1,855.40 223.70
2016-09-30 790.10 1,855.40 223.70
2016-06-30 734.40 1,628.20 165.40
2016-03-31 734.40 1,628.20 165.40
2015-12-31 707.70 1,596.80 153.40
2015-09-30 707.70 1,596.80 153.40
2015-06-30 582.10 1,500.40 149.30
2015-03-31 582.10 1,500.40 149.30
2014-12-31 613.00 1,497.40 146.10
2014-09-30 613.00 1,497.40 146.10
2014-06-30 420.90 1,247.90 117.90
2014-03-31 420.90 1,247.90 117.90
2013-12-31 416.80 1,291.30 124.50
2013-09-30 416.80 1,291.30 124.50
2013-06-30 367.50 1,189.30 92.40
2013-03-31 367.50 1,189.30 92.40
2012-12-31 375.40 1,212.80 79.10
2012-09-30 375.40 1,212.80 79.10
2012-06-30 332.20 1,053.30 67.60
  • Provident Financial's level of debt (295.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (309.7% vs 295.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Provident Financial's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Provident Financial'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. Provident Financial 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.

PFG Dividends

 What is Provident Financial'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
1.96%
Current annual income from Provident Financial dividends. Estimated to be 8.23% next year.
If you bought £2,000 of Provident Financial shares you are expected to receive £39 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?
  • Provident Financial's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Provident Financial's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
Upcoming dividend payment

Purchase Provident Financial before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:PFG 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 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
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 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:PFG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.56 2.00
2020-12-31 0.43 8.00
2019-12-31 0.34 5.00
LSE:PFG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.100 1.905
2018-07-31 0.000 0.000
2018-02-27 0.000 0.000
2017-03-31 1.346 11.743
2017-02-28 1.346 4.574
2016-02-24 1.201 4.212
2015-04-01 0.980 3.170
2014-04-04 0.850 3.788
2014-02-25 0.850 4.445
2013-07-23 0.794 4.787
2013-04-30 0.772 5.044
2012-03-22 0.690 5.218
2012-02-28 0.690 6.053
2011-03-25 0.635 6.314
2011-03-01 0.635 6.615
2010-03-02 0.635 7.443
2009-04-20 0.635 7.245

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Provident Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Provident Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 Provident Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Provident Financial has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PFG Management

 What is the CEO of Provident Financial'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
Malcolm Le May
COMPENSATION £1,387,000
AGE 60
TENURE AS CEO 1.2 years
CEO Bio

Mr. Malcolm John Le May is Co-Founder of Juno Capital LLP and serves as its Chairman and Advisor. Mr. Le May joined Juno Capital LLP in July 2015. He is a Trustee of the Grange Festival and a Partner at Opus Corporate Finance LLP and Juno Capital LLP. He has been Chief Executive Officer of Provident Financial Plc since February 2, 2018 and served as its Interim Executive Chairman since November 24, 2017 until February 2, 2018. Mr. Le May has been Managing Director at Vanquis Bank Ltd. since October 31, 2018. Malcolm Le May serves as a Director of Vanquis Bank Ltd.He serves as an Advisor of Heidrick & Struggles and Ernst &Young. He has experience in banking. He has extensive experience within the UK insurance industry. He has broad experience and knowledge of the financial services and investment sectors, along with extensive experience on the boards of publicly listed companies. He served as Chief Executive Officer, Investment Banking (Europe) at UBS AG. He served as the President of Europe at JER Partners L.L.C. He was Co-Head of banking for Barclays New York, Head of investment banking Europe at UBS, global Head of corporate and investment banking at ING Barings Ltd, President of JER Europe and Senior Independent Director at Pendragon plc. Mr. Le May served as Deputy Chief Executive Officer of Aviva Investors (Formerly, Morley Fund Management), ING-Barings Ltd and Aviva Investors Global Services Limited. He served Executive roles at Morgan Grenfell plc, Drexel Burnham Lambert, Barclays de Zoete Wedd Holdings and Matrix Securities Limited. He serves as a Director of Integrum Management Consultants Limited, Matrix Group Limited and The Preventative Health Company Limited. He served a Director at Provident Financial plc since January 1, 2014. He was Senior Independent Director of Provident Financial Plc from 2014 to November 2017. Mr. Le May has been a Non-Executive Director and the Senior Independent Non-Executive Director of IG Group Holdings plc since September 10, 2015. He was an Independent Non-Executive Director at Hastings Group Holdings plc since September 3, 2015 until April 25, 2018. He serves as a Member of Advisory Board of Three Delta LLP. He served as an Independent Non-Executive Director of Pendragon PLC from March 1, 2006 to November 25, 2014. He served as Director of Royal & Sun Alliance Insurance plc since March 2004. He served as an Independent Non-Executive Director of RSA Insurance Group plc from March 30, 2004 to May 8, 2014. He served as Non-Executive Director at RSA plc. He served as a Director of Compagnie Immobilière de Belgique S.A. from June 29, 2007 to March 27, 2009. He provided effective leadership to the Board. He Worked with the Board of Provident Financial Plc to redefine roles and responsibilities and initiated a process to ensure the Board has the right skill set to make it fit for purpose. He re-established and developed an ongoing and transparent relationship with Provident Financial Plc’s regulators. He appointed an Interim group CRO and initiated a process to develop key group roles capable of supporting Provident Financial Plc’s divisions. He is a Chartered Accountant. Mr. Le May holds a Degree in Accounting and Business Studies from the University of North Wales.

CEO Compensation
  • Malcolm's compensation has increased in line with Provident Financial recently becoming profitable.
  • Malcolm's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Provident Financial management team in years:

1.2
Average Tenure
57
Average Age
  • The average tenure for the Provident Financial management team is less than 2 years, this suggests a new team.
Management Team

Malcolm Le May

TITLE
Group CEO & Director
COMPENSATION
£1M
AGE
60
TENURE
1.2 yrs

Simon Thomas

TITLE
CFO & Director (Leave of Absence)
COMPENSATION
£50K
AGE
54

Tony Skrzypecki

TITLE
Interim Chief Financial Officer

Greg Cant

TITLE
Director of Corporate Finance & Development

Steve Grigg

TITLE
Interim Group Chief Information & Technology Officer
AGE
69
TENURE
1.2 yrs

Gary Thompson

TITLE
Head of Investor Relations and Group Financial Controller

Chris Gillespie

TITLE
Managing Director of Consumer Credit Division
COMPENSATION
£618K
AGE
54

David Merrett

TITLE
Chief Strategy Officer
TENURE
1.1 yrs

Susan Wilkie

TITLE
Head of Tax

Ele Thornhill

TITLE
Finance Head of Consumer Credit Division
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Provident Financial board of directors in years:

0.8
Average Tenure
59
Average Age
  • The average tenure for the Provident Financial board of directors is less than 3 years, this suggests a new board.
Board of Directors

Patrick Joseph Snowball

TITLE
Chairman
COMPENSATION
£89K
AGE
68
TENURE
0.6 yrs

Malcolm Le May

TITLE
Group CEO & Director
COMPENSATION
£1M
AGE
60
TENURE
5.3 yrs

Simon Thomas

TITLE
CFO & Director (Leave of Absence)
COMPENSATION
£50K
AGE
54
TENURE
0.3 yrs

Peter Minter

TITLE
Non-Executive Chairman of Moneybarn
TENURE
2.3 yrs

Andrea Blance

TITLE
Senior Independent Director
COMPENSATION
£119K
AGE
53
TENURE
1.2 yrs

Angela Knight

TITLE
Independent Non-Executive Director
COMPENSATION
£41K
AGE
68
TENURE
0.8 yrs

Libby Chambers

TITLE
Independent Non-Executive Director
COMPENSATION
£48K
AGE
55
TENURE
0.8 yrs

Paul Hewitt

TITLE
Independent Non-Executive Director
COMPENSATION
£42K
AGE
62
TENURE
0.8 yrs

John Straw

TITLE
Independent Non-Executive Director
COMPENSATION
£81K
AGE
58
TENURE
2.3 yrs

Graham Lindsay

TITLE
Independent Non-Executive Director
Who owns this company?
Recent Insider Trading
  • Provident Financial insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
17. Apr 19 Sell Schroder Investment Management Limited Company 16. Apr 19 16. Apr 19 -1,646 £5.13 £-8,451
17. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 16. Apr 19 16. Apr 19 -12,400 £5.24 £0
17. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 16. Apr 19 16. Apr 19 6,200 £5.16 £31,992
16. Apr 19 Sell BlackRock, Inc. Company 15. Apr 19 15. Apr 19 -31,875 £5.14 £-163,809
16. Apr 19 Buy Legal & General Investment Management Limited Company 15. Apr 19 15. Apr 19 1,400 £5.13 £7,187
16. Apr 19 Sell Jefferies Financial Group Inc.,Asset Management Arm Company 15. Apr 19 15. Apr 19 -22,043 £5.24 £-115,461
16. Apr 19 Buy Jefferies Financial Group Inc.,Asset Management Arm Company 15. Apr 19 15. Apr 19 22,043 £5.25 £115,814
16. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 15. Apr 19 15. Apr 19 -54,644 £5.15 £-281,608
16. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 15. Apr 19 15. Apr 19 21,478 £5.22 £112,021
16. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 15. Apr 19 15. Apr 19 -9,200 £5.24 £-47,268
16. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 15. Apr 19 15. Apr 19 4,600 £5.14 £23,644
16. Apr 19 Sell Standard Life Aberdeen plc Company 15. Apr 19 15. Apr 19 -16,338 £5.13 £-83,847
15. Apr 19 Sell BlackRock, Inc. Company 12. Apr 19 12. Apr 19 -41,299 £5.23 £-214,286
15. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 12. Apr 19 12. Apr 19 -12,800 £5.23 £-66,569
15. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 12. Apr 19 12. Apr 19 6,400 £5.20 £33,280
15. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 12. Apr 19 12. Apr 19 -47,958 £5.23 £-250,811
15. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 12. Apr 19 12. Apr 19 17,261 £5.24 £90,368
12. Apr 19 Buy BlackRock, Inc. Company 11. Apr 19 11. Apr 19 3,888 £5.22 £20,280
12. Apr 19 Sell State Street Global Advisors, Inc. Company 11. Apr 19 11. Apr 19 -2,651 £5.22 £-13,828
12. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 11. Apr 19 11. Apr 19 -12,800 £5.25 £0
12. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 11. Apr 19 11. Apr 19 6,400 £5.21 £33,344
12. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 11. Apr 19 11. Apr 19 -32,589 £5.25 £-171,021
12. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 11. Apr 19 11. Apr 19 23,646 £5.25 £124,186
12. Apr 19 Buy Standard Life Aberdeen plc Company 11. Apr 19 11. Apr 19 1,629 £5.23 £8,512
11. Apr 19 Buy Schroder Investment Management Limited Company 10. Apr 19 10. Apr 19 25,339 £5.24 £132,415
11. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 10. Apr 19 10. Apr 19 -26,400 £5.28 £-45,866
11. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 10. Apr 19 10. Apr 19 17,600 £5.21 £91,714
11. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 10. Apr 19 10. Apr 19 -42,795 £5.28 £-226,018
11. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 10. Apr 19 10. Apr 19 27,627 £5.28 £145,843
10. Apr 19 Buy BlackRock, Inc. Company 09. Apr 19 09. Apr 19 3,884 £5.24 £20,337
10. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 09. Apr 19 09. Apr 19 -17,600 £5.23 £0
10. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 09. Apr 19 09. Apr 19 8,800 £5.18 £45,584
10. Apr 19 Sell Jefferies Financial Group Inc.,Asset Management Arm Company 09. Apr 19 09. Apr 19 -9,161 £5.24 £-48,031
10. Apr 19 Buy Jefferies Financial Group Inc.,Asset Management Arm Company 09. Apr 19 09. Apr 19 9,161 £5.20 £47,642
09. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 08. Apr 19 08. Apr 19 -18,000 £5.10 £0
09. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 08. Apr 19 08. Apr 19 9,000 £5.08 £45,720
09. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 08. Apr 19 08. Apr 19 -58,677 £5.10 £-299,446
09. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 08. Apr 19 08. Apr 19 33,490 £5.09 £170,598
08. Apr 19 Sell BlackRock, Inc. Company 05. Apr 19 05. Apr 19 -63,739 £5.03 £-320,645
08. Apr 19 Buy Legal & General Investment Management Limited Company 05. Apr 19 05. Apr 19 2,543 £5.06 £12,862
08. Apr 19 Sell Jefferies Financial Group Inc.,Asset Management Arm Company 05. Apr 19 05. Apr 19 -22,788 £0.05 £-1,155
08. Apr 19 Buy Jefferies Financial Group Inc.,Asset Management Arm Company 05. Apr 19 05. Apr 19 22,788 £0.05 £1,158
08. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 05. Apr 19 05. Apr 19 -33,377 £5.07 £-169,288
08. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 05. Apr 19 05. Apr 19 372,363 £5.04 £1,878,199
05. Apr 19 Sell BlackRock, Inc. Company 04. Apr 19 04. Apr 19 -13,828 £5.08 £-70,260
05. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 04. Apr 19 04. Apr 19 -2,000 £5.09 £-10,117
05. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 04. Apr 19 04. Apr 19 1,000 £5.06 £5,060
04. Apr 19 Buy Schroder Investment Management Limited Company 03. Apr 19 03. Apr 19 45,667 £5.20 £237,331
04. Apr 19 Sell BlackRock, Inc. Company 03. Apr 19 03. Apr 19 -61,580 £5.12 £-315,006
04. Apr 19 Buy BlackRock, Inc. Company 03. Apr 19 03. Apr 19 913 £5.14 £4,696
04. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 03. Apr 19 03. Apr 19 -3,900 £5.20 £0
04. Apr 19 Sell Standard Life Aberdeen plc Company 03. Apr 19 03. Apr 19 -15,952 £5.05 £-80,558
04. Apr 19 Sell Jefferies Financial Group Inc.,Asset Management Arm Company 03. Apr 19 03. Apr 19 -1,447 £5.15 £0
04. Apr 19 Buy Jefferies Financial Group Inc.,Asset Management Arm Company 03. Apr 19 03. Apr 19 1,447 £515.16 £745,438
03. Apr 19 Sell BlackRock, Inc. Company 02. Apr 19 02. Apr 19 -125,656 £5.15 £-646,827
03. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 02. Apr 19 02. Apr 19 -6,000 £5.21 £-30,889
03. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 02. Apr 19 02. Apr 19 -171,366 £5.22 £-895,216
03. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 02. Apr 19 02. Apr 19 139,748 £5.17 £721,868
02. Apr 19 Buy Legal & General Investment Management Limited Company 01. Apr 19 01. Apr 19 4,240 £5.11 £21,683
02. Apr 19 Sell The Bank of Nova Scotia, Banking Investments Company 01. Apr 19 01. Apr 19 -1,722,600 £5.22 £0
02. Apr 19 Buy The Bank of Nova Scotia, Banking Investments Company 01. Apr 19 01. Apr 19 11,300 £5.14 £58,082
01. Apr 19 Sell State Street Global Advisors, Inc. Company 29. Mar 19 29. Mar 19 -10,417 £5.12 £-53,314
01. Apr 19 Buy State Street Global Advisors, Inc. Company 29. Mar 19 29. Mar 19 1,126 £5.12 £5,763
01. Apr 19 Buy BlackRock, Inc. Company 29. Mar 19 29. Mar 19 30,158 £5.13 £154,650
01. Apr 19 Sell Barclays Bank PLC, Securities Investments Company 29. Mar 19 29. Mar 19 -30,156 £5.15 £-155,309
01. Apr 19 Buy Barclays Bank PLC, Securities Investments Company 29. Mar 19 29. Mar 19 154,121 £5.17 £796,806
29. Mar 19 Buy BlackRock, Inc. Company 28. Mar 19 28. Mar 19 23,273 £5.24 £121,876
29. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 28. Mar 19 28. Mar 19 -22,398 £5.34 £-119,561
29. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 28. Mar 19 28. Mar 19 52,805 £5.34 £281,873
28. Mar 19 Sell BlackRock, Inc. Company 27. Mar 19 27. Mar 19 -4,789 £5.23 £-25,033
28. Mar 19 Buy BlackRock, Inc. Company 27. Mar 19 27. Mar 19 11,313 £5.28 £59,753
27. Mar 19 Sell State Street Global Advisors, Inc. Company 26. Mar 19 26. Mar 19 -61,185 £5.13 £-313,683
27. Mar 19 Buy Legal & General Investment Management Limited Company 26. Mar 19 26. Mar 19 283 £5.14 £1,454
27. Mar 19 Sell BlackRock, Inc. Company 26. Mar 19 26. Mar 19 -211,664 £5.15 £-1,089,413
27. Mar 19 Buy BlackRock, Inc. Company 26. Mar 19 26. Mar 19 20,395 £5.13 £104,671
27. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 26. Mar 19 26. Mar 19 -59,118 £5.13 £-303,541
27. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 26. Mar 19 26. Mar 19 37,283 £5.13 £191,370
26. Mar 19 Sell Jefferies Financial Group Inc.,Asset Management Arm Company 25. Mar 19 25. Mar 19 -7,000 £5.20 £-36,400
26. Mar 19 Buy Jefferies Financial Group Inc.,Asset Management Arm Company 25. Mar 19 25. Mar 19 7,000 £5.20 £0
26. Mar 19 Sell BlackRock, Inc. Company 25. Mar 19 25. Mar 19 -100,000 £5.16 £-516,440
26. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 25. Mar 19 25. Mar 19 -74,308 £5.19 £-385,688
26. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 25. Mar 19 25. Mar 19 30,855 £5.20 £160,446
25. Mar 19 Sell BlackRock, Inc. Company 22. Mar 19 22. Mar 19 -45,097 £5.22 £-235,208
25. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 22. Mar 19 22. Mar 19 -18,927 £5.23 £-99,068
25. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 22. Mar 19 22. Mar 19 49,782 £5.23 £260,161
25. Mar 19 Buy Legal & General Investment Management Limited Company 22. Mar 19 22. Mar 19 1,543 £5.23 £8,067
25. Mar 19 Sell Schroder Investment Management Limited Company 22. Mar 19 22. Mar 19 -45,672 £5.24 £-239,230
22. Mar 19 Sell BlackRock, Inc. Company 21. Mar 19 21. Mar 19 -58,764 £5.25 £-308,787
21. Mar 19 Sell BlackRock, Inc. Company 20. Mar 19 20. Mar 19 -84,787 £5.47 £-455,086
21. Mar 19 Sell State Street Global Advisors, Inc. Company 20. Mar 19 20. Mar 19 -2,101 £5.29 £-11,118
21. Mar 19 Buy State Street Global Advisors, Inc. Company 20. Mar 19 20. Mar 19 29,621 £5.29 £156,754
20. Mar 19 Sell BlackRock, Inc. Company 19. Mar 19 19. Mar 19 -55,897 £5.70 £-312,038
20. Mar 19 Sell Standard Life Aberdeen plc Company 19. Mar 19 19. Mar 19 -626 £5.52 £-3,458
19. Mar 19 Sell Legal & General Investment Management Limited Company 18. Mar 19 18. Mar 19 -2,019 £5.80 £-11,701
19. Mar 19 Sell BlackRock, Inc. Company 18. Mar 19 18. Mar 19 -30,426 £5.74 £-174,150
18. Mar 19 Sell BlackRock, Inc. Company 15. Mar 19 15. Mar 19 -34,415 £5.84 £-200,915
18. Mar 19 Buy BlackRock, Inc. Company 15. Mar 19 15. Mar 19 74,587 £5.84 £433,299
18. Mar 19 Sell Legal & General Investment Management Limited Company 15. Mar 19 15. Mar 19 -9,595 £5.84 £-56,016
18. Mar 19 Sell State Street Global Advisors, Inc. Company 15. Mar 19 15. Mar 19 -51,797 £5.84 £-301,239
18. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 15. Mar 19 15. Mar 19 -252,446 £5.84 £-1,473,780
18. Mar 19 Sell Standard Life Aberdeen plc Company 15. Mar 19 15. Mar 19 -82,391 £5.84 £-480,999
15. Mar 19 Sell Legal & General Investment Management Limited Company 14. Mar 19 14. Mar 19 -7,125 £5.72 £-40,764
15. Mar 19 Sell Janus Henderson Group plc Company 14. Mar 19 14. Mar 19 -120,795 £5.69 £-687,372
15. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 14. Mar 19 14. Mar 19 -91,771 £5.71 £-524,049
15. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 14. Mar 19 14. Mar 19 149,548 £5.72 £855,489
14. Mar 19 Buy Schroder Investment Management Limited Company 13. Mar 19 13. Mar 19 17,800 £5.62 £100,107
14. Mar 19 Sell Janus Henderson Group plc Company 13. Mar 19 13. Mar 19 -50,743 £5.76 £-292,117
14. Mar 19 Buy BlackRock, Inc. Company 13. Mar 19 13. Mar 19 9,957 £5.55 £55,222
13. Mar 19 Buy Legal & General Investment Management Limited Company 12. Mar 19 12. Mar 19 39,605 £5.70 £225,828
12. Mar 19 Sell Standard Life Aberdeen plc Company 11. Mar 19 11. Mar 19 -8,856 £5.70 £-50,479
12. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 11. Mar 19 11. Mar 19 -64,206 £5.73 £-367,637
12. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 11. Mar 19 11. Mar 19 133,520 £5.70 £761,064
12. Mar 19 Sell Pacific Investment Management Company LLC Company 11. Mar 19 11. Mar 19 -218,985 £5.70 £-1,248,039
11. Mar 19 Buy BlackRock, Inc. Company 08. Mar 19 08. Mar 19 7,756 £5.58 £43,247
11. Mar 19 Sell Pacific Investment Management Company LLC Company 08. Mar 19 08. Mar 19 -35,838 £5.60 £-200,571
08. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 07. Mar 19 07. Mar 19 -25,875 £5.88 £-152,197
08. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 07. Mar 19 07. Mar 19 123,140 £5.88 £723,447
08. Mar 19 Sell Jefferies Financial Group Inc.,Asset Management Arm Company 07. Mar 19 07. Mar 19 -1,500 £5.84 £0
08. Mar 19 Buy Jefferies Financial Group Inc.,Asset Management Arm Company 07. Mar 19 07. Mar 19 1,500 £5.76 £8,640
08. Mar 19 Sell BlackRock, Inc. Company 07. Mar 19 07. Mar 19 -52,114 £5.76 £-300,411
08. Mar 19 Buy BlackRock, Inc. Company 07. Mar 19 07. Mar 19 10,462 £5.77 £60,242
08. Mar 19 Sell Legal & General Investment Management Limited Company 07. Mar 19 07. Mar 19 -42,256 £5.77 £-243,919
08. Mar 19 Sell Pacific Investment Management Company LLC Company 07. Mar 19 07. Mar 19 -41,476 £5.78 £-239,756
07. Mar 19 Buy Legal & General Investment Management Limited Company 06. Mar 19 06. Mar 19 1,667 £5.94 £9,910
07. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 06. Mar 19 06. Mar 19 -99,882 £5.98 £-597,294
07. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 06. Mar 19 06. Mar 19 182,932 £5.97 £1,092,836
07. Mar 19 Sell Pacific Investment Management Company LLC Company 06. Mar 19 06. Mar 19 -37,386 £5.96 £-222,656
06. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 05. Mar 19 05. Mar 19 -28,151 £6.02 £-169,545
06. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 05. Mar 19 05. Mar 19 251,120 £6.08 £1,526,810
06. Mar 19 Sell Janus Henderson Group plc Company 05. Mar 19 05. Mar 19 -29,640 £6.07 £-179,850
06. Mar 19 Buy BlackRock, Inc. Company 05. Mar 19 05. Mar 19 300 £6.00 £1,799
06. Mar 19 Sell Pacific Investment Management Company LLC Company 05. Mar 19 05. Mar 19 -146,798 £6.03 £-884,502
05. Mar 19 Sell Shamus Hodgson Individual 04. Mar 19 04. Mar 19 -489 £5.93 £-2,900
05. Mar 19 Sell Kenneth Mullen Individual 04. Mar 19 04. Mar 19 -800 £5.93 £-4,744
05. Mar 19 Sell Legal & General Investment Management Limited Company 04. Mar 19 04. Mar 19 -443 £5.97 £-2,643
05. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 04. Mar 19 04. Mar 19 -102,011 £5.98 £-610,434
05. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 04. Mar 19 04. Mar 19 300,116 £5.97 £1,790,552
05. Mar 19 Sell Pacific Investment Management Company LLC Company 04. Mar 19 04. Mar 19 -103,839 £5.88 £-610,272
04. Mar 19 Sell Pacific Investment Management Company LLC Company 01. Mar 19 01. Mar 19 -46,878 £6.01 £-281,648
01. Mar 19 Sell Pacific Investment Management Company LLC Company 28. Feb 19 28. Feb 19 -47,224 £6.06 £-285,974
28. Feb 19 Sell Pacific Investment Management Company LLC Company 27. Feb 19 27. Feb 19 -184,754 £6.07 £-1,121,157
04. Mar 19 Buy BlackRock, Inc. Company 01. Mar 19 01. Mar 19 7,235 £6.07 £43,627
04. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 28. Feb 19 28. Feb 19 -79,546 £6.09 £-484,483
04. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 28. Feb 19 28. Feb 19 167,695 £6.09 £1,021,933
04. Mar 19 Sell Barclays Bank PLC, Securities Investments Company 01. Mar 19 01. Mar 19 -42,970 £6.04 £-259,711
04. Mar 19 Buy Barclays Bank PLC, Securities Investments Company 01. Mar 19 01. Mar 19 119,020 £6.03 £717,726
01. Mar 19 Sell Janus Henderson Group plc Company 28. Feb 19 28. Feb 19 -50,000 £6.03 £-301,700
01. Mar 19 Sell State Street Global Advisors, Inc. Company 28. Feb 19 28. Feb 19 -1,508 £6.02 £-9,078
01. Mar 19 Sell BlackRock, Inc. Company 28. Feb 19 28. Feb 19 -18,418 £6.02 £-110,876
01. Mar 19 Buy BlackRock, Inc. Company 28. Feb 19 28. Feb 19 69,860 £6.02 £420,659
01. Mar 19 Sell Standard Life Aberdeen plc Company 28. Feb 19 28. Feb 19 -65 £6.02 £-391
01. Mar 19 Buy Schroder Investment Management Limited Company 28. Feb 19 28. Feb 19 20,743 £6.09 £126,375
01. Mar 19 Buy Abu Dhabi Investment Authority Company 28. Feb 19 28. Feb 19 1,556 £6.02 £9,366
28. Feb 19 Buy BlackRock, Inc. Company 27. Feb 19 27. Feb 19 1,500 £6.08 £9,123
28. Feb 19 Sell Barclays Bank PLC, Securities Investments Company 27. Feb 19 27. Feb 19 -95,410 £6.09 £-581,238
28. Feb 19 Buy Barclays Bank PLC, Securities Investments Company 27. Feb 19 27. Feb 19 155,331 £6.08 £944,816
28. Feb 19 Sell Janus Henderson Group plc Company 27. Feb 19 27. Feb 19 -48,316 £6.08 £-293,901
28. Feb 19 Buy Schroder Investment Management Limited Company 27. Feb 19 27. Feb 19 1,952,301 £6.06 £11,797,953
28. Feb 19 Sell Woodford Investment Management Limited Company 27. Feb 19 27. Feb 19 -1,500,000 £6.06 £-9,060,000
27. Feb 19 Sell Legal & General Investment Management Limited Company 26. Feb 19 26. Feb 19 -613 £6.27 £-3,842
27. Feb 19 Buy BlackRock, Inc. Company 26. Feb 19 26. Feb 19 3,317 £6.03 £20,015
27. Feb 19 Sell Janus Henderson Group plc Company 26. Feb 19 26. Feb 19 -177,188 £6.18 £-1,092,265
27. Feb 19 Sell Standard Life Aberdeen plc Company 26. Feb 19 26. Feb 19 -756 £6.03 £-4,562
27. Feb 19 Sell Barclays Bank PLC, Securities Investments Company 26. Feb 19 26. Feb 19 -140,216 £6.21 £-870,110
27. Feb 19 Buy Barclays Bank PLC, Securities Investments Company 26. Feb 19 26. Feb 19 315,992 £6.35 £2,006,549
26. Feb 19 Sell BlackRock, Inc. Company 25. Feb 19 25. Feb 19 -43,195 £5.80 £-250,518
26. Feb 19 Sell Janus Henderson Group plc Company 25. Feb 19 25. Feb 19 -224,496 £6.09 £-1,367,742
26. Feb 19 Sell Barclays Bank PLC, Securities Investments Company 25. Feb 19 25. Feb 19 -139,889 £6.14 £-858,723
26. Feb 19 Buy Barclays Bank PLC, Securities Investments Company 25. Feb 19 25. Feb 19 318,074 £6.14 £1,954,024
26. Feb 19 Sell Schroder Investment Management Limited Company 25. Feb 19 25. Feb 19 -43 £5.79 £-249
25. Feb 19 Sell BlackRock, Inc. Company 22. Feb 19 22. Feb 19 -16,901 £5.23 £-88,353
25. Feb 19 Buy BlackRock, Inc. Company 22. Feb 19 22. Feb 19 600 £5.89 £3,536
25. Feb 19 Buy Janus Henderson Group plc Company 22. Feb 19 22. Feb 19 171,538 £5.90 £963,228
08. Jun 18 Sell David Merrett Individual 10. May 18 10. May 18 -1,833 £6.84 £-12,541
08. Jun 18 Sell Andrew Fisher Individual 10. May 18 10. May 18 -11,560 £6.84 £-79,092
05. Jun 18 Sell Andrew Fisher Individual 04. Jun 18 04. Jun 18 -123,000 £6.64 £-816,130
X
Management checks
We assess Provident Financial'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. Provident Financial 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.

PFG News

Simply Wall St News

Is There An Opportunity With Provident Financial plc's (LON:PFG) Mispricing?

This is because the rules they face are different to other companies, which can impact the way we forecast their cash flow. … For instance, these lenders must hold a certain level of cash reserves on the books as a safety precaution.

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Provident Financial plc (LON:PFG) Is Trading At A 34.72% Discount

This is because the rules they face are different to other companies, which can impact the way we forecast their cash flow. … For example, businesses that deal with loans are required to hold more capital to reduce the risk to shareholders.

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Can Provident Financial plc (LON:PFG) Improve Your Portfolio Returns?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … PFG's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How PFG's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Is Provident Financial plc (LON:PFG) Undervalued?

Provident Financial plc (LSE:PFG), a consumer finance company based in United Kingdom, saw a decent share price growth in the teens level on the LSE over the last few months. … With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. … If you are no longer interested in Provident Financial, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

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Provident Financial plc (LON:PFG): Is Breakeven Near?

Provident Financial plc's (LSE:PFG): Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. … Many investors are wondering the rate at which PFG will turn a profit, with the big question being “when will the company breakeven?” Below I will provide a high-level summary of the industry analysts’ expectations for PFG. … LSE:PFG Past Future Earnings Mar 8th 18 Given this is a high-level overview, I won’t go into detail the detail of PFG’s upcoming projects, however, keep in mind that typically a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

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Should You Be Concerned About Provident Financial plc's (LON:PFG) Shareholders?

I am going to take a deep dive into Provident Financial plc’s (LSE:PFG) most recent ownership structure, not a frequent subject of discussion among individual investors. … Check out our latest analysis for Provident Financial LSE:PFG Ownership_summary Feb 27th 18 Institutional Ownership With an institutional ownership of 98.48%, PFG can face volatile stock price movements if institutions execute block trades on the open market, more so, when there are relatively small amounts of shares available on the market to trade Although PFG has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … Next Steps: PFG's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Provident Financial plc (LON:PFG): Should The Recent Earnings Drop Worry You?

In this article, I will take a look at Provident Financial plc's (LSE:PFG) most recent earnings update (30 June 2017) and compare these latest figures against its performance over the past few years, along with how the rest of PFG's industry performed. … View our latest analysis for Provident Financial Was PFG's weak performance lately a part of a long-term decline? … Since these values may be fairly nearsighted, I have created an annualized five-year value for PFG's earnings, which stands at UK£171.58M This means though earnings declined from the previous year, over the past couple of years, Provident Financial's earnings have been growing on average.

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Is There An Opportunity With Provident Financial plc's (LON:PFG) 53% Undervaluation?

LSE:PFG Intrinsic Value Jan 31st 18 Deriving PFG's Intrinsic Value The central belief for this model is that equity value is how much the firm can earn, over and above its cost of equity, given the level of equity it has in the company at the moment. … The returns above the cost of equity is known as excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (21.98% – 9.81%) * £5.86 = £0.71 We use this value to calculate the terminal value of the company, which is how much we expect the company to continue to earn every year, forever. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = £0.71 / (9.81% – 1.49%) = £8.58 Combining these components gives us PFG's intrinsic value per share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = £5.86 + £8.58 = £14.44 Compared to the current share price of £6.76, PFG is trading below what it's actually worth.

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How Should You Think About Provident Financial plc's (LON:PFG) Risks?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … PFG's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How PFG's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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At £9.444, Is Provident Financial plc (LON:PFG) A Buy?

Provident Financial plc (LSE:PFG), a consumer finance company based in United Kingdom, saw a double-digit share price rise of over 10% in the past couple of months on the LSE. … What’s more interesting is that, Provident Financial’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

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PFG Company Info

Description

Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards; consumer credit, including unsecured and online instalment loans; and finance for cars and light commercial vehicles. It serves 2.5 million customers through its network of branches, call centers, and Websites. The company was founded in 1880 and is headquartered in Bradford, the United Kingdom.

Details
Name: Provident Financial plc
PFG
Exchange: LSE
Founded: 1880
£1,274,279,583
250,251,293
Website: http://www.providentfinancial.com
Address: Provident Financial plc
No. 1 Godwin Street,
Bradford,
West Yorkshire, BD1 2SU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PFG Ordinary Shares London Stock Exchange GB GBP 10. May 1993
OTCPK FPLP.F Ordinary Shares Pink Sheets LLC US USD 10. May 1993
DB PRVA Ordinary Shares Deutsche Boerse AG DE EUR 10. May 1993
BATS-CHIXE PFGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 10. May 1993
OTCPK FPLP.Y SPONSORED ADR Pink Sheets LLC US USD 22. Aug 2008
Number of employees
Current staff
Staff numbers
5,708
Provident Financial employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:16
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.