AIM:PGH

Stock Analysis Report

Personal Group Holdings

Executive Summary

Personal Group Holdings Plc provides short-term accident and health insurance, and employee services in the United Kingdom.

Snowflake

Fundamentals

Established dividend payer and fair value.

Share Price & News

How has Personal Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

PGH

5.6%

GB Insurance

1.9%

GB Market


1 Year Return

-31.5%

PGH

-1.4%

GB Insurance

2.4%

GB Market

Return vs Industry: PGH underperformed the UK Insurance industry which returned -1.4% over the past year.

Return vs Market: PGH underperformed the UK Market which returned 2.4% over the past year.


Shareholder returns

PGHIndustryMarket
7 Day0%5.6%1.9%
30 Day-7.9%0.3%-1.1%
90 Day-12.5%-8.1%-1.8%
1 Year-27.6%-31.5%3.6%-1.4%7.4%2.4%
3 Year-7.3%-21.6%21.1%4.2%18.2%3.7%
5 Year-10.1%-29.8%36.8%8.0%35.7%6.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Personal Group Holdings undervalued compared to its fair value and its price relative to the market?

30.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PGH (£3.51) is trading below our estimate of fair value (£5.03)

Significantly Undervalued: PGH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PGH is good value based on its PE Ratio (12.5x) compared to the Insurance industry average (14.7x).

PE vs Market: PGH is good value based on its PE Ratio (12.5x) compared to the UK market (16.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: PGH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PGH is overvalued based on its PB Ratio (3x) compared to the GB Insurance industry average (1.9x).


Next Steps

Future Growth

How is Personal Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGH's earnings are forecast to decline over the next 3 years (-11.4% per year).

Earnings vs Market: PGH's earnings are forecast to decline over the next 3 years (-11.4% per year).

High Growth Earnings: PGH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PGH's revenue (9.1% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: PGH's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Personal Group Holdings performed over the past 5 years?

4.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PGH's earnings have grown by 4.8% per year over the past 5 years.

Accelerating Growth: PGH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PGH had negative earnings growth (-0.4%) over the past year, making it difficult to compare to the Insurance industry average (15.2%).


Return on Equity

High ROE: PGH's Return on Equity (23.9%) is considered high.


Return on Assets

ROA vs Industry: PGH has a higher Return on Assets than the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: PGH's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: PGH's debt is not covered by short term assets (assets are -69.6x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is Personal Group Holdings's current dividend yield, its reliability and sustainability?

6.64%

Current Dividend Yield


Dividend Yield vs Market

company6.6%marketbottom25%2.0%markettop25%5.4%industryaverage5.0%forecastin3Years6.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PGH's dividend (6.64%) is higher than the bottom 25% of dividend payers in the UK market (2%).

High Dividend: PGH's dividend (6.64%) is in the top 25% of dividend payers in the UK market (5.42%)

Stable Dividend: PGH's dividends per share have been stable in the past 10 years.

Growing Dividend: PGH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.2%), PGH's payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Deborah Rees-Frost (53yo)

0.7yrs

Tenure

UK£40,000

Compensation

Ms. Deborah Karen Rees-Frost has been Chief Executive Officer of Personal Group Holdings Plc since February 28, 2019. Ms. Rees-Frost co-founded Innecto in 2002. She is a Reward and Performance expert. She  ...


Management Age and Tenure

5.3yrs

Average Tenure

51yo

Average Age

Experienced Management: PGH's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

3.4yrs

Average Tenure

56yo

Average Age

Experienced Board: PGH's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: PGH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£4,09725 Sep 19
Michael Dugdale
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares1,168
Max PriceUK£3.51

Ownership Breakdown


Management Team

  • Ashley Doody (49yo)

    Chief Information Officer

    • Tenure: 6.4yrs
  • Rebekah Tapping

    Human Resources Director

    • Tenure: 4.8yrs
  • Mike Dugdale (56yo)

    CFO & Director

    • Tenure: 6.8yrs
    • Compensation: UK£367.00k
  • Andy Lothian (47yo)

    Executive Director & MD of Personal Group Benefits Ltd

    • Tenure: 2.2yrs
    • Compensation: UK£162.00k
  • Deborah Rees-Frost (53yo)

    CEO & Director

    • Tenure: 0.7yrs
    • Compensation: UK£40.00k
  • Sarah Mace

    Group Financial Controller

    • Tenure: 5.5yrs
  • Philip Dennis

    Investor Relations Professional

    • Tenure: 0yrs
  • Lee Williams

    Chief Commercial Officer

    • Tenure: 0.8yrs

Board Members

  • Bob Head (61yo)

    Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: UK£40.00k
  • Ken Rooney (69yo)

    Non-Executive Deputy Chairman

    • Tenure: 4.8yrs
    • Compensation: UK£40.00k
  • Mark Winlow (57yo)

    Chairman of the Board

    • Tenure: 3.4yrs
    • Compensation: UK£76.00k
  • Mike Dugdale (56yo)

    CFO & Director

    • Tenure: 6.8yrs
    • Compensation: UK£367.00k
  • Andy Lothian (47yo)

    Executive Director & MD of Personal Group Benefits Ltd

    • Tenure: 2.2yrs
    • Compensation: UK£162.00k
  • Maria Darby-Walker

    Non-Executive Director

    • Tenure: 0.3yrs
  • Deborah Rees-Frost (53yo)

    CEO & Director

    • Tenure: 0.7yrs
    • Compensation: UK£40.00k
  • Sarah Mace

    Group Financial Controller

    • Tenure: 5.5yrs
  • Maria Walker (54yo)

    Director

    • Tenure: 0.3yrs

Company Information

Personal Group Holdings Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Personal Group Holdings Plc
  • Ticker: PGH
  • Exchange: AIM
  • Founded: 1984
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: UK£109.258m
  • Shares outstanding: 31.13m
  • Website: https://www.personalgroup.com

Number of Employees


Location

  • Personal Group Holdings Plc
  • John Ormond House
  • 899 Silbury Boulevard
  • Milton Keynes
  • Buckinghamshire
  • MK9 3XL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGHAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2000

Biography

Personal Group Holdings Plc provides short-term accident and health insurance, and employee services in the United Kingdom. It operates through four segments: Core Insurance, IT Salary Sacrifice, SaaS, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 20:39
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.