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Sanne Group

LSE:SNN
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNN
LSE
£871M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Sanne Group plc, provides fund, company, and trust administration services worldwide. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Sanne Group has significant price volatility in the past 3 months.
SNN Share Price and Events
7 Day Returns
3.4%
LSE:SNN
0.5%
GB Capital Markets
1.2%
GB Market
1 Year Returns
0%
LSE:SNN
8.8%
GB Capital Markets
2.5%
GB Market
SNN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sanne Group (SNN) 3.4% 12% 21.4% 0% 37.6% -
GB Capital Markets 0.5% 11.3% 9.2% 8.8% 46% 74.3%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • SNN underperformed the Capital Markets industry which returned 8.8% over the past year.
  • SNN underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
SNN
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sanne Group's competitors could be found in our database.

Value

 Is Sanne 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 Sanne 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 Sanne Group.

LSE:SNN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= £1.51 * 22%
£0.33
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. £1.51
Discount Rate (Cost of Equity) See below 6.4%
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:SNN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 20%) (9.8%))
0.861
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.861 * 5.96%)
6.36%

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

The calculations below outline how an intrinsic value for Sanne Group 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:SNN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (22% – 6.36%) * £1.51)
£0.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.24 / (6.36% - 1.23%)
£4.60
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.51 + £4.60
£6.11
LSE:SNN Discount to Share Price
Calculation Result
Value per share (GBP) From above. £6.11
Current discount Discount to share price of £6.08
= -1 x (£6.08 - £6.11) / £6.11
0.5%

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

Current Discount
Amount off the current price Sanne Group is available for.
Intrinsic value
1%
Share price is £6.08 vs Future cash flow value of £6.11
Current Discount Checks
For Sanne Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sanne Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sanne Group'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 Sanne Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sanne Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SNN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.13
LSE:SNN Share Price ** LSE (2019-04-25) in GBP £6.08
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 45 Publicly-Listed Capital Markets Companies 19.33x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

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

** Primary Listing of Sanne Group.

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

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

= 6.08 ÷ 0.13

47.26x

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

  • Sanne Group is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Sanne Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sanne Group's expected growth come at a high price?
Raw Data
LSE:SNN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
24.4%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 22 Publicly-Listed Capital Markets Companies 1.44x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 47.26x ÷ 24.4%

1.94x

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

  • Sanne Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sanne Group's assets?
Raw Data
LSE:SNN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.34
LSE:SNN Share Price * LSE (2019-04-25) in GBP £6.08
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 80 Publicly-Listed Capital Markets Companies 1.45x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:SNN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.08 ÷ 1.34

4.52x

* Primary Listing of Sanne Group.

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

  • Sanne Group is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Sanne 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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Sanne 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.

Future Performance

 How is Sanne Group expected to perform in the next 1 to 3 years based on estimates from 9 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
24.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sanne Group expected to grow at an attractive rate?
  • Sanne Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Sanne Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Sanne 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:SNN Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SNN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 24.4%
LSE:SNN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 9.8%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 14%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
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:SNN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SNN Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 233 2
2022-12-31 224 2
2021-12-31 201 61 39 7
2020-12-31 183 54 31 9
2019-12-31 164 47 24 9
LSE:SNN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 143 28 18
2018-09-30 133 26 17
2018-06-30 123 24 16
2018-03-31 118 28 17
2017-12-31 113 31 18
2017-09-30 103 28 18
2017-06-30 93 25 17
2017-03-31 78 21 15
2016-12-31 64 18 13
2016-09-30 58 19 13
2016-06-30 52 20 14
2016-03-31 49 16 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sanne Group's earnings are expected to grow significantly at over 20% yearly.
  • Sanne Group's revenue is expected to grow by 9.8% 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:SNN 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 9 Analyst Estimates (S&P Global) See Below

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

LSE:SNN Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.28 0.29 0.26 3.00
2020-12-31 0.22 0.23 0.20 4.00
2019-12-31 0.17 0.18 0.17 3.00
LSE:SNN Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.13
2018-09-30 0.12
2018-06-30 0.12
2018-03-31 0.12
2017-12-31 0.13
2017-09-30 0.13
2017-06-30 0.13
2017-03-31 0.12
2016-12-31 0.11
2016-09-30 0.12
2016-06-30 0.12
2016-03-31 0.07

*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.
  • Sanne Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sanne 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.
Sanne Group has a total score of 5/6, 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.

Past Performance

  How has Sanne 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 Sanne Group's growth in the last year to its industry (Capital Markets).
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.
  • Sanne Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Sanne Group's 1-year earnings growth is less than its 5-year average (0.2% vs 37.8%)
  • Sanne Group's earnings growth has exceeded the GB Capital Markets industry average in the past year (0.2% vs -1.4%).
Earnings and Revenue History
Sanne 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 Sanne Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SNN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 143.00 18.17 44.00
2018-09-30 132.86 17.02 47.17
2018-06-30 122.71 16.46 50.33
2018-03-31 117.94 17.30 47.57
2017-12-31 113.17 18.13 44.80
2017-09-30 102.84 17.62 35.54
2017-06-30 92.52 16.52 26.28
2017-03-31 78.18 14.74 22.43
2016-12-31 63.85 12.95 18.58
2016-09-30 58.02 13.39 17.29
2016-06-30 52.19 13.83 15.99
2016-03-31 48.91 7.70 15.60
2015-12-31 45.64 1.56 15.20
2015-09-30 42.78 -0.46 14.04
2015-06-30 39.93 -2.48 12.88
2015-03-31 37.76 1.85 12.01
2014-12-31 35.58 6.18 11.15
2013-12-31 26.00 5.16 8.90
2012-12-31 18.68 3.81 6.36

*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.
  • Sanne Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sanne Group used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Sanne Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sanne 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 Capital Markets 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.
Sanne Group has a total score of 3/6, 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.

Health

 How is Sanne 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 Sanne Group's finances.

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

LSE:SNN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 192.67 85.36 32.41
2018-09-30 192.67 85.36 32.41
2018-06-30 179.64 70.72 32.53
2018-03-31 179.64 70.72 32.53
2017-12-31 156.63 64.34 50.80
2017-09-30 156.63 64.34 50.80
2017-06-30 158.88 50.57 32.56
2017-03-31 158.88 50.57 32.56
2016-12-31 131.36 59.52 108.67
2016-09-30 131.36 59.52 108.67
2016-06-30 22.64 17.73 14.52
2016-03-31 22.64 17.73 14.52
2015-12-31 18.99 17.70 19.45
2015-09-30 18.99 17.70 19.45
2015-06-30 12.75 17.70 12.15
2015-03-31 12.75 17.70 12.15
2014-12-31 -29.42 61.57 12.59
2013-12-31 4.24 21.24 9.20
2012-12-31 -9.37 18.44 4.38
  • Sanne Group's level of debt (44.3%) 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 (515.1% vs 44.3% today).
  • Debt is well covered by operating cash flow (32.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.3x coverage).
X
Financial health checks
We assess Sanne 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. Sanne Group has a total score of 4/6, 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.

Dividends

 What is Sanne 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
2.27%
Current annual income from Sanne Group dividends. Estimated to be 2.69% next year.
If you bought £2,000 of Sanne Group shares you are expected to receive £45 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?
  • Sanne Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Sanne Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.1%).
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:SNN 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 9 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 2.8%
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:SNN Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.18 7.00
2020-12-31 0.16 10.00
2019-12-31 0.15 10.00
LSE:SNN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-22 0.138 2.518
2018-03-29 0.126 2.099
2018-03-22 0.126 1.809
2017-04-06 0.096 1.356
2017-03-29 0.096 1.398
2016-04-06 0.112 2.293
2016-03-21 0.112 2.964
2015-08-20 0.028 0.853

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

  • Whilst dividend payments have been stable, Sanne Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sanne Group only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Sanne Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Sanne Group'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 Sanne Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sanne Group has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Sanne 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
Dean Godwin
COMPENSATION £366,002
AGE 42
TENURE AS CEO 6.6 years
CEO Bio

Mr. Dean M. Godwin, ACIS serves as the Chief Executive Officer of Sanne Trust Company Limited. Mr. Godman has been the Chief Executive Officer of Sanne Group plc since September 17, 2012 and ITS Executive Director since January 26, 2015. Mr. Godwin serves as the Head of Corporate Services - Mourant International Finance at Mourant Limited. He has over 15 years' experience in the international financial services industry and has extensive senior management experience having previously been Managing Director of State Street's Jersey business. He served as a Director of Claris II Ltd since July 1, 2013 and served as its Director since March 8, 2011 until August 7, 2012. He had been a Director of Claris Ltd. since June 1, 2013 and served as its Director since March 8, 2001 until August 7, 2012. He served as a Director of Claris III Limited since June 1, 2013 and served as its Director until August 7, 2012. He serves as a Director of Standard Commodities Limited. He served as a Director of British Airways Holding Limited and Claris IV Limited until August 7, 2012. He served as a Director of Solar Funding II Limited until September 6, 2012, Solentis Investment Solutions PCC - Solentis Investment Solutions 003 PC until August 2012, Defined Investments PCC - Navigator 1 PC until August 28, 2012 and Solentis Investment Solutions PCC since May 13, 2010 until August 9, 2012. He served as a Director of Defined Investments PCC: UK Balanced Sector 2 PC. He is a chartered secretary and holds an MSc in corporate governance.

CEO Compensation
  • Dean's compensation has increased by more than 20% in the past year.
  • Dean's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Sanne Group management team in years:

2.3
Average Tenure
43
Average Age
  • The tenure for the Sanne Group management team is about average.
Management Team

Dean Godwin

TITLE
CEO & Executive Director
COMPENSATION
£366K
AGE
42
TENURE
6.6 yrs

James Ireland

TITLE
CFO & Director
TENURE
0.8 yrs

Eric Watson

TITLE
Group Chief Operating Officer
TENURE
2.3 yrs

Moricko Kemp

TITLE
Lead Director of Investment & Treasury services
TENURE
3 yrs

Peter Messervy-Gross

TITLE
Chief Information Officer

Dan McKeon

TITLE
Head of Legal & Secretariat
AGE
44
TENURE
2.3 yrs

Martin Pearson

TITLE
Chief Risk Officer & Group Compliance Officer
TENURE
1.3 yrs

Matthew Morel

TITLE
Director of Marketing & Corporate Communications
TENURE
2.3 yrs

Kate Windall

TITLE
Head of Human Resources
AGE
47

Jason Bingham

TITLE
Head of Real Estate
AGE
39
TENURE
2.3 yrs
Board of Directors Tenure

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

1.3
Average Tenure
54
Average Age
  • The average tenure for the Sanne Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rupert H. Robson

TITLE
Non-Executive Chairman
COMPENSATION
£135K
AGE
57
TENURE
4.1 yrs

Dean Godwin

TITLE
CEO & Executive Director
COMPENSATION
£366K
AGE
42
TENURE
4.3 yrs

James Ireland

TITLE
CFO & Director
TENURE
0.8 yrs

Andy Pomfret

TITLE
Senior Independent Director
COMPENSATION
£75K
AGE
59

Nicola Palios

TITLE
Non-Executive Director
COMPENSATION
£65K
AGE
51
TENURE
4.1 yrs

Mel Carvill

TITLE
Independent Non-Executive Director
AGE
56
TENURE
1.3 yrs

Julia Anne Chapman

TITLE
Independent Non-Executive Director
AGE
52
TENURE
0.8 yrs

Yves Stein

TITLE
Independent Non-Executive Director
TENURE
0.5 yrs

Mel Carvill

TITLE
Independent Non-Executive Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sanne Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
25. Mar 19 Buy Dean Godwin Individual 22. Mar 19 22. Mar 19 9,520 £5.20 £49,492
25. Mar 19 Buy Rupert H. Robson Individual 22. Mar 19 22. Mar 19 19,100 £5.19 £99,114
X
Management checks
We assess Sanne 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. Sanne 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.

News

Simply Wall St News

Is Sanne Group plc's (LON:SNN) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Dean Godwin's Compensation Compare With Similar Sized Companies. … According to our data, Sanne Group plc has a market capitalization of UK£842m, and pays its CEO total annual compensation worth UK£366k.

Simply Wall St -

Sanne Group plc (LON:SNN): What Are The Future Prospects?

Looking at Sanne Group plc's (LON:SNN) earnings update on 31 December 2018, … analyst consensus outlook appear cautiously optimistic, … with earnings expected to grow by 33% in the upcoming year,

Simply Wall St -

What Kind Of Investor Owns Most Of Sanne Group plc (LON:SNN)?

If you want to know who really controls Sanne Group plc (LON:SNN), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … It has a market capitalization of UK£748m, which means it would generally expect to see some institutions on the share registry.

Simply Wall St -

If You Had Bought Sanne Group Shares Three Years Ago You'd Have Made 53%

It hasn't been the best quarter for Sanne Group plc (LON:SNN) shareholders, since the share price has fallen 13% in that time. … In fact, the company's share price bested the return of its market index in that time, posting a gain of 53%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Simply Wall St -

Should You Consider Sanne Group plc (LON:SNN)?

Attractive stocks have exceptional fundamentals. … In the case of Sanne Group plc (LON:SNN), there's … financial health as well as

Simply Wall St -

Is Sanne Group plc (LON:SNN) An Attractive Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … In the last few years Sanne Group plc (LON:SNN) has paid a dividend to shareholders. … Let's take a look at Sanne Group in more detail.

Simply Wall St -

Does Sanne Group plc's (LON:SNN) CEO Salary Reflect Performance?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Dean Godwin's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Sanne Group plc has a market cap of UK£863m, and is paying total annual CEO compensation of UK£366k.

Simply Wall St -

Is Sanne Group plc's (LON:SNN) Future Growth Already Accounted For In Today's Price?

Looking at Sanne Group plc’s (LON:SNN) fundamentals some investors are wondering if its last closing price of £5.65 represents a good value for money for this high growth stock. … What can we expect from Sanne Group in the future. … One reason why investors are attracted to SNN is the high growth potential in the near future

Simply Wall St -

Is Sanne Group plc (LON:SNN) A Smart Choice For Dividend Investors?

Over the past 3 years, Sanne Group plc (LON:SNN) has returned an average of 2.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Sanne Group should have a place in your portfolio. … View our latest analysis for Sanne Group

Simply Wall St -

Who Are The Major Shareholders Of Sanne Group plc (LON:SNN)?

Today, I will be analyzing Sanne Group plc’s (LON:SNN) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine SNN's ownership structure in more detail.

Simply Wall St -

Company Info

Description

Sanne Group plc, provides fund, company, and trust administration services worldwide. Its EMEA Alternatives segment offers fund and corporate administration, and loan agency services to financial institutions and debt asset managers; corporate and fund administration services to real estate managers, sovereign wealth funds, pension funds, and institutions across a range of real estate structures and their underlying vehicles; directors, transaction management, administration, financial reporting, and compliance services for private equity houses, institutions, and family offices; and middle and back office services for various funds and standalone structures. The company’s Asia-Pacific & Mauritius Alternatives segment provides real estate and private equity services; debt funds; and fiduciary management services, including the incorporation of companies and trusts, general management administration, accounting, and corporate services. Its North American Alternatives segment offers fund administration services to a range of close ended alternative investment funds; and partner and portfolio accounting, cash management, and support operations. The company’s Corporate & Private Client segment provides governance, fiduciary, company secretarial support, financial reporting, and regulatory reporting services to international corporates and institutions; trustee and associated administration services to support the operation of a range of employee and executive incentive plans for LSE main market, AIM and internationally listed companies, private companies, private equity backed businesses, and fund managers; administration and accounting services primarily to ultra-high net worth individuals and families; and foreign exchange and treasury management services to client structures. The company was formerly known as Album Group plc and changed its name to Sanne Group plc in March 2015. Sanne Group plc was founded in 1988 and is based in St Helier, Jersey.

Details
Name: Sanne Group plc
SNN
Exchange: LSE
Founded: 1988
£871,112,808
143,275,133
Website: http://www.sannegroup.com
Address: Sanne Group plc
IFC 5,
St Helier,
JE1 1ST,
Jersey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SNN New Ordinary Shares London Stock Exchange GB GBP 01. Apr 2015
Number of employees
Current staff
Staff numbers
1,400
Sanne Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 22:37
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/03/22
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.