Admiral Group
Market Cap
UK£8.3b
Last Updated
2020/12/02 18:51 UTC
Data Sources
Company Financials +
Executive Summary
Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 5.9% per year for the next 3 years
Snowflake Analysis
Outstanding track record established dividend payer.
Similar Companies
Share Price & News
How has Admiral Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ADM is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ADM's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
2.6%
ADM
0.2%
GB Insurance
1.3%
GB Market
1 Year Return
38.7%
ADM
-3.6%
GB Insurance
-6.4%
GB Market
Return vs Industry: ADM exceeded the UK Insurance industry which returned -2.3% over the past year.
Return vs Market: ADM exceeded the UK Market which returned -6.8% over the past year.
Shareholder returns
| ADM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 0.2% | 1.3% |
| 30 Day | 3.8% | 26.2% | 14.1% |
| 90 Day | 12.6% | 14.9% | 9.6% |
| 1 Year | 46.8%38.7% | 0.3%-3.6% | -2.7%-6.4% |
| 3 Year | 82.4%52.7% | -2.6%-19.8% | 3.9%-8.6% |
| 5 Year | 140.4%78.6% | 17.0%-13.5% | 34.6%4.4% |
Long-Term Price Volatility Vs. Market
How volatile is Admiral Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Admiral Group's (LON:ADM) Earnings Warrant Your Attention?3 weeks ago | Simply Wall St
Is Admiral Group plc's(LON:ADM) Recent Stock Performance Tethered To Its Strong Fundamentals?1 month ago | Simply Wall St
What You Need To Know About Admiral Group plc's (LON:ADM) Investor CompositionValuation
Is Admiral Group undervalued compared to its fair value and its price relative to the market?
17.19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ADM (£28.91) is trading above our estimate of fair value (£27.28)
Significantly Below Fair Value: ADM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ADM's PE Ratio (17.2x) is in line with the GB Insurance industry average.
PE vs Market: ADM is good value based on its PE Ratio (17.2x) compared to the UK market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: ADM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ADM is overvalued based on its PB Ratio (8.2x) compared to the GB Insurance industry average (1.4x).
Next Steps
Future Growth
How is Admiral Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
-5.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADM's earnings are forecast to decline over the next 3 years (-5.9% per year).
Earnings vs Market: ADM's earnings are forecast to decline over the next 3 years (-5.9% per year).
High Growth Earnings: ADM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ADM's revenue (1.8% per year) is forecast to grow slower than the UK market (6.8% per year).
High Growth Revenue: ADM's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADM's Return on Equity is forecast to be very high in 3 years time (41.7%).
Next Steps
Past Performance
How has Admiral Group performed over the past 5 years?
12.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADM has high quality earnings.
Growing Profit Margin: ADM's current net profit margins (35.2%) are higher than last year (30.5%).
Past Earnings Growth Analysis
Earnings Trend: ADM's earnings have grown by 12.3% per year over the past 5 years.
Accelerating Growth: ADM's earnings growth over the past year (22.8%) exceeds its 5-year average (12.3% per year).
Earnings vs Industry: ADM earnings growth over the past year (22.8%) exceeded the Insurance industry -7.6%.
Return on Equity
High ROE: ADM's Return on Equity (46.6%) is considered outstanding.
Next Steps
Financial Health
How is Admiral Group's financial position?
Financial Position Analysis
Short Term Liabilities: ADM's short term assets (£6.8B) exceed its short term liabilities (£5.9B).
Long Term Liabilities: ADM's short term assets (£6.8B) exceed its long term liabilities (£665.4M).
Debt to Equity History and Analysis
Debt Level: ADM's debt to equity ratio (60.4%) is considered high.
Reducing Debt: ADM's debt to equity ratio has increased from 33.9% to 60.4% over the past 5 years.
Debt Coverage: ADM's debt is well covered by operating cash flow (25.4%).
Interest Coverage: ADM's interest payments on its debt are well covered by EBIT (28.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Admiral Group current dividend yield, its reliability and sustainability?
5.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ADM's dividend (5.1%) is higher than the bottom 25% of dividend payers in the UK market (1.68%).
High Dividend: ADM's dividend (5.1%) is in the top 25% of dividend payers in the UK market (4.85%)
Stability and Growth of Payments
Stable Dividend: ADM's dividend payments have been volatile in the past 10 years.
Growing Dividend: ADM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.2%), ADM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ADM's dividends in 3 years are forecast to be covered by earnings (85.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
David Stevens (58 yo)
4.58yrs
Tenure
UK£413,724
Compensation
Mr. David Stevens, CBE, has been the Chief Executive Officer of Admiral Group plc since 2016 and served as its Chief Operating Officer from October 1999 to 2016. Mr. Stevens is a co-founder of Admiral Grou...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD555.56K) is below average for companies of similar size in the UK market ($USD4.56M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.58yrs | UK£413.72k | 3.01% £ 249.8m | |
| CFO & Director | 6.33yrs | UK£1.51m | 0.029% £ 2.4m | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Operating Officer of UK Insurance | no data | no data | no data | |
| Head of Business Strategy - Admiral Seguros | no data | no data | no data | |
| Executive Director & CEO Designate | 0.33yr | no data | 0.018% £ 1.5m | |
| Head of International Insurance | no data | no data | no data | |
| Company Secretary | no data | no data | no data | |
| Chief Executive Officer of UK Insurance | 3.92yrs | no data | 0.0092% £ 762.9k | |
| Chief Executive Officer of Penguin Portals | no data | no data | no data | |
| Chief Executive Officer of AFSL | 1.92yrs | no data | no data |
4.3yrs
Average Tenure
Experienced Management: ADM's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.58yrs | UK£413.72k | 3.01% £ 249.8m | |
| CFO & Director | 6.33yrs | UK£1.51m | 0.029% £ 2.4m | |
| Executive Director & CEO Designate | 0.33yr | no data | 0.018% £ 1.5m | |
| Senior Independent Director | 2yrs | UK£104.13k | 0.050% £ 4.1m | |
| Independent Non-Executive Director | 2yrs | UK£81.77k | no data | |
| Independent Chairman | 3.67yrs | UK£319.43k | 0.0038% £ 315.0k | |
| Independent Non-Executive Director | 2.83yrs | UK£114.38k | 0.00037% £ 30.7k | |
| Independent Non-Executive Director | 6.92yrs | UK£107.53k | 0.0014% £ 115.5k | |
| Independent Non-Executive Director | 0.67yr | no data | no data | |
| Independent Non-Executive Director | 2.17yrs | UK£114.36k | 0.0012% £ 98.9k | |
| Independent Non-Executive Director | 4.5yrs | UK£70.78k | no data | |
| Independent Non-Executive Director | 5.5yrs | UK£73.83k | no data |
3.3yrs
Average Tenure
57yo
Average Age
Experienced Board: ADM's board of directors are considered experienced (3.3 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
Admiral Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Admiral Group plc
- Ticker: ADM
- Exchange: LSE
- Founded: 1993
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: UK£8.311b
- Shares outstanding: 287.86m
- Website: https://www.admiralgroup.co.uk
Number of Employees
Location
- Admiral Group plc
- Ty Admiral
- David Street
- Cardiff
- South Glamorgan
- CF10 2EH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ADM | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Sep 2004 |
| AMIG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 2004 |
| FLN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2004 |
| ADML | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Sep 2004 |
| AMIG.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Insurance, International Car I...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/02 18:51 |
| End of Day Share Price | 2020/12/02 00:00 |
| Earnings | 2020/06/30 |
| 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.