Sanne Group
Market Cap
UK£962.9m
Last Updated
2020/06/04 00:18 UTC
Data Sources
Company Financials +
Executive Summary
Sanne Group plc provides alternative asset and corporate administration services worldwide.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
High growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Sanne Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SNN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
SNN
1.7%
GB Capital Markets
3.7%
GB Market
1 Year Return
-3.8%
SNN
14.5%
GB Capital Markets
-9.5%
GB Market
Return vs Industry: SNN underperformed the UK Capital Markets industry which returned 11.5% over the past year.
Return vs Market: SNN exceeded the UK Market which returned -11% over the past year.
Shareholder returns
| SNN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 1.7% | 3.7% |
| 30 Day | 2.3% | 9.5% | 10.8% |
| 90 Day | 13.5% | 3.6% | -5.0% |
| 1 Year | -1.4%-3.8% | 17.1%14.5% | -5.1%-9.5% |
| 3 Year | 6.9%0.2% | 59.8%48.4% | -1.7%-13.7% |
| 5 Year | 157.4%133.3% | 129.9%104.3% | 16.4%-9.7% |
Price Volatility Vs. Market
How volatile is Sanne Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Investors In Sanne Group plc (LON:SNN) Should Consider This, First1 month ago | Simply Wall St
Why You Should Leave Sanne Group plc's (LON:SNN) Upcoming Dividend On The Shelf2 months ago | Simply Wall St
Imagine Owning Sanne Group (LON:SNN) And Wondering If The 25% Share Price Slide Is JustifiedValuation
Is Sanne Group undervalued compared to its fair value and its price relative to the market?
172.75x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SNN (£6.65) is trading above our estimate of fair value (£2.14)
Significantly Below Fair Value: SNN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SNN is poor value based on its PE Ratio (172.8x) compared to the Capital Markets industry average (15.8x).
PE vs Market: SNN is poor value based on its PE Ratio (172.8x) compared to the UK market (15x).
Price to Earnings Growth Ratio
PEG Ratio: SNN is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: SNN is overvalued based on its PB Ratio (5.6x) compared to the GB Capital Markets industry average (1.7x).
Next Steps
Future Growth
How is Sanne Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
50.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SNN's forecast earnings growth (50% per year) is above the savings rate (1.2%).
Earnings vs Market: SNN's earnings (50% per year) are forecast to grow faster than the UK market (20.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SNN's revenue (9.3% per year) is forecast to grow faster than the UK market (3.7% per year).
High Growth Revenue: SNN's revenue (9.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SNN's Return on Equity is forecast to be high in 3 years time (23%)
Next Steps
Past Performance
How has Sanne Group performed over the past 5 years?
24.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SNN has a large one-off loss of £11.0M impacting its December 31 2019 financial results.
Growing Profit Margin: SNN's current net profit margins (3.5%) are lower than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: SNN's earnings have grown significantly by 24.3% per year over the past 5 years.
Accelerating Growth: SNN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SNN had negative earnings growth (-61.8%) over the past year, making it difficult to compare to the Capital Markets industry average (16.4%).
Return on Equity
High ROE: SNN's Return on Equity (3.2%) is considered low.
Next Steps
Financial Health
How is Sanne Group's financial position?
Financial Position Analysis
Short Term Liabilities: SNN's short term assets (£108.8M) exceed its short term liabilities (£40.7M).
Long Term Liabilities: SNN's short term assets (£108.8M) do not cover its long term liabilities (£181.8M).
Debt to Equity History and Analysis
Debt Level: SNN's debt to equity ratio (75.4%) is considered high.
Reducing Debt: SNN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SNN's debt is well covered by operating cash flow (35.1%).
Interest Coverage: SNN's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Sanne Group's current dividend yield, its reliability and sustainability?
2.12%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SNN's dividend (2.12%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: SNN's dividend (2.12%) is low compared to the top 25% of dividend payers in the UK market (5.56%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SNN has been paying a dividend for less than 10 years.
Growing Dividend: SNN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (366.3%), SNN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SNN's dividends in 3 years are forecast to be well covered by earnings (48.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Martin Schnaier (42yo)
1.08yrs
Tenure
UK£428,345
Compensation
Mr. Martin Schnaier, ACA, has been Chief Executive Officer at Sanne Group plc since May 16, 2019 and has been its Director since January 23, 2019. He served as Chief Commercial Officer at Sanne Group plc s ...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD539.71K) is below average for companies of similar size in the UK market ($USD1.68M).
Compensation vs Earnings: Insufficient data to compare Martin's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 1.08yrs | UK£428.35k | 0.19% £1.8m | |
| CFO & Director | 1.92yrs | UK£375.06k | 0.012% £111.8k | |
| Group Chief Operating Officer | 3.42yrs | no data | no data | |
| Lead Director of Investment & Treasury services | 4.17yrs | no data | no data | |
| Chief Technology Officer | no data | no data | no data | |
| Chief Information Officer | no data | no data | no data | |
| Group Head of Compliance | no data | no data | no data | |
| General Counsel | no data | no data | no data | |
| Director of Marketing & Corporate Communications | 3.42yrs | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data |
3.4yrs
Average Tenure
Experienced Management: SNN's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 1.08yrs | UK£428.35k | 0.19% £1.8m | |
| CFO & Director | 1.92yrs | UK£375.06k | 0.012% £111.8k | |
| Senior Independent Director | no data | UK£83.00k | 0.037% £354.7k | |
| Independent Non-Executive Director | 1.67yrs | UK£68.00k | no data | |
| Non-Executive Chairman | 5.25yrs | UK£160.00k | 0.036% £347.0k | |
| Independent Non-Executive Director | 2.42yrs | UK£80.00k | 0.0069% £66.5k | |
| Independent Non-Executive Director | 1.92yrs | UK£68.00k | 0.0020% £19.1k | |
| Independent Non-Executive Director | 5.25yrs | UK£75.00k | 0.0038% £36.6k |
1.9yrs
Average Tenure
56yo
Average Age
Experienced Board: SNN's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SNN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sanne Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sanne Group plc
- Ticker: SNN
- Exchange: LSE
- Founded: 1988
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£962.945m
- Shares outstanding: 144.80m
- Website: https://www.sannegroup.com
Number of Employees
Location
- Sanne Group plc
- 13 Castle Street
- Saint Helier
- JE4 5UT
- Jersey
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SNN | LSE (London Stock Exchange) | Yes | New Ordinary Shares | GB | GBP | Apr 2015 |
| SNNL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | GBP | Apr 2015 |
Biography
Sanne Group plc provides alternative asset and corporate administration services worldwide. The company operates through EMEA, Asia-Pacific & Mauritius, Channel Islands, and North America segments. It offers alternative asset services comprising private debt fund administration, capital markets, depositary, and loan agency and security trustee services to banks, insurance companies, and asset managers; real estate fund and corporate administration, real estate accounting, and complementary services; private equity fund administration, corporate administration, and portfolio monitoring services; and hedge fund administration services, as well as acts as an alternative investment fund manager. The company also provides AIFMD compliant depositary services, such as safekeeping and verification of documentation and assets; trustee/fund safe custody services; maintenance of comprehensive asset registers; operational oversight ensuring compliance with fund documents and applicable laws and regulations; cash monitoring and document tracking; and regular document reconciliation and sub-custodian liaison to private equity, private debt, real estate, and asset class fund managers. In addition, it offers independent and specialist agency and security trustee services for syndicated loans and bonds issuances; and accounting and administration, and waterfall modelling services, as well as support various carried interest arrangements. Further, the company provides outsource fiduciary, administration, and regulatory services to international corporates, institutions, investor groups, asset managers, and high net worth individuals and their families. 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 headquartered in Saint Helier, Jersey.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 00:18 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.