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SNN

Sanne Group LSE:SNN Stock Report

Last Price

UK£9.07

Market Cap

UK£1.5b

7D

0%

1Y

8.1%

Updated

04 Jul, 2022

Data

Company Financials +
SNN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

SNN Stock Overview

Sanne Group plc provides corporate, fund and private client administration, reporting, and fiduciary services in Europe, the Middle East, Africa, the Channel Islands, North America, the Asia-Pacific, and Mauritius.

Rewards

Earnings are forecast to grow 95.45% per year

Risk Analysis

No risks detected for SNN from our risk checks.

Sanne Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sanne Group
Historical stock prices
Current Share PriceUK£9.07
52 Week HighUK£9.50
52 Week LowUK£8.01
Beta0.23
1 Month Change0.89%
3 Month Change0%
1 Year Change8.11%
3 Year Change27.93%
5 Year Change41.61%
Change since IPO305.82%

Recent News & Updates

Shareholder Returns

SNNGB Capital MarketsGB Market
7D0%-2.7%-1.1%
1Y8.1%-17.9%-9.7%

Return vs Industry: SNN exceeded the UK Capital Markets industry which returned -17.9% over the past year.

Return vs Market: SNN exceeded the UK Market which returned -9.7% over the past year.

Price Volatility

Is SNN's price volatile compared to industry and market?
SNN volatility
SNN Average Weekly Movement0.6%
Capital Markets Industry Average Movement4.2%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

Stable Share Price: SNN is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: SNN's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19882,200Martin Schnaierhttps://www.sannegroup.com

Sanne Group plc provides corporate, fund and private client administration, reporting, and fiduciary services in Europe, the Middle East, Africa, the Channel Islands, North America, the Asia-Pacific, and Mauritius. The company offers fund services, including private equity, private debt, real assets, and hedge services; corporate services comprising governance, fiduciary, administration, listing, escrow, employee incentives and independent trustee, treasury, accounting and financial reporting, regulatory, tax, and compliance services; and data management and consolidation, portfolio monitoring, portfolio investment monitoring, and compliance services. It also provides loan administration, covenants monitoring, security agency, bond agency, and additional services.

Sanne Group Fundamentals Summary

How do Sanne Group's earnings and revenue compare to its market cap?
SNN fundamental statistics
Market CapUK£1.48b
Earnings (TTM)-UK£7.09m
Revenue (TTM)UK£194.16m

7.6x

P/S Ratio

-208.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNN income statement (TTM)
RevenueUK£194.16m
Cost of RevenueUK£82.78m
Gross ProfitUK£111.38m
Other ExpensesUK£118.47m
Earnings-UK£7.09m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.044
Gross Margin57.37%
Net Profit Margin-3.65%
Debt/Equity Ratio38.3%

How did SNN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SNN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNN?

Other financial metrics that can be useful for relative valuation.

SNN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.1x
Enterprise Value/EBITDA27.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does SNN's PB Ratio compare to its peers?

SNN PB Ratio vs Peers
The above table shows the PB ratio for SNN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average3.3x
BRW Brewin Dolphin Holdings
4.4x6.4%UK£1.5b
N91 Ninety One Group
5.2x-3.0%UK£1.8b
RAT Rathbones Group
1.8x5.8%UK£1.2b
ASHM Ashmore Group
1.5x-6.5%UK£1.4b
SNN Sanne Group
5.7x95.4%UK£1.5b

Price-To-Book vs Peers: SNN is expensive based on its Price-To-Book Ratio (5.7x) compared to the peer average (3.3x).


Price to Earnings Ratio vs Industry

How does SNN's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Book vs Industry: SNN is expensive based on its Price-To-Book Ratio (5.7x) compared to the UK Capital Markets industry average (1.1x)


Price to Book Ratio vs Fair Ratio

What is SNN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SNN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate SNN's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SNN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SNN (£9.07) is trading above our estimate of fair value (£2.39)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Sanne Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


95.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: SNN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SNN is expected to become profitable in the next 3 years.

Revenue vs Market: SNN's revenue (12.2% per year) is forecast to grow faster than the UK market (4.2% per year).

High Growth Revenue: SNN's revenue (12.2% 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 (21.5%)


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Past Performance

How has Sanne Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SNN is currently unprofitable.

Growing Profit Margin: SNN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SNN is unprofitable, and losses have increased over the past 5 years at a rate of 17% per year.

Accelerating Growth: Unable to compare SNN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SNN is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (43.8%).


Return on Equity

High ROE: SNN has a negative Return on Equity (-2.73%), as it is currently unprofitable.


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Financial Health

How is Sanne Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SNN's short term assets (£137.3M) do not cover its short term liabilities (£195.9M).

Long Term Liabilities: SNN's short term assets (£137.3M) exceed its long term liabilities (£63.2M).


Debt to Equity History and Analysis

Debt Level: SNN's net debt to equity ratio (19.8%) is considered satisfactory.

Reducing Debt: SNN's debt to equity ratio has reduced from 45.1% to 38.3% over the past 5 years.

Debt Coverage: SNN's debt is well covered by operating cash flow (39.5%).

Interest Coverage: SNN's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


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Dividend

What is Sanne Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.82%

Forecast Dividend Yield

Dividend Yield vs Market

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SNN's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: SNN is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SNN has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Martin Schnaier (45 yo)

3.17yrs

Tenure

UK£641,406

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: Insufficient data to establish whether Martin's total compensation is reasonable compared to companies of similar size in the UK market.

Compensation vs Earnings: Martin's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SNN's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: SNN's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sanne Group plc's 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
  • Implied Market Cap: UK£1.477b
  • Shares outstanding: 162.84m
  • Website: https://www.sannegroup.com

Number of Employees


Location

  • Sanne Group plc
  • 125 London Wall
  • 6th Floor
  • London
  • Greater London
  • EC2Y 5AS
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.