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Admiral Group

LSE:ADM
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADM
LSE
£6B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The last earnings update was 184 days ago. More info.


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ADM Share Price and Events
7 Day Returns
0.2%
LSE:ADM
0.6%
GB Insurance
0.6%
GB Market
1 Year Returns
12.5%
LSE:ADM
-8.6%
GB Insurance
-2.9%
GB Market
ADM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Admiral Group (ADM) 0.2% 3.5% 8.3% 12.5% 23% 46%
GB Insurance 0.6% 4.6% 1.8% -8.6% 13.7% 10%
GB Market 0.6% 3.5% 1.9% -2.9% 19.4% -4.1%
1 Year Return vs Industry and Market
  • ADM outperformed the Insurance industry which returned -8.6% over the past year.
  • ADM outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.9% over the past year.
Price Volatility
ADM
Industry
5yr Volatility vs Market

ADM Value

 Is Admiral 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 Admiral 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 Admiral Group.

LSE:ADM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= £2.62 * 55.3%
£1.45
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. £2.62
Discount Rate (Cost of Equity) See below 8.2%
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:ADM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.8%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.599 (1 + (1- 19%) (6.98%))
0.633
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 8.77%)
8.25%

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

The calculations below outline how an intrinsic value for Admiral 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:ADM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (55.3% – 8.25%) * £2.62)
£1.23
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £1.23 / (8.25% - 1.23%)
£17.53
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.62 + £17.53
£20.15
LSE:ADM Discount to Share Price
Calculation Result
Value per share (GBP) From above. £20.15
Current discount Discount to share price of £21.44
= -1 x (£21.44 - £20.15) / £20.15
-6.4%

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

  • The current share price of Admiral Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Admiral Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Admiral Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:ADM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £1.21
LSE:ADM Share Price ** LSE (2019-02-15) in GBP £21.44
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 22 Publicly-Listed Insurance Companies 16.54x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 814 Publicly-Listed Companies 15.79x

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

** Primary Listing of Admiral Group.

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

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

= 21.44 ÷ 1.21

17.65x

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

  • Admiral Group is overvalued based on earnings compared to the GB Insurance industry average.
  • Admiral Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Admiral Group's expected growth come at a high price?
Raw Data
LSE:ADM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
4.3%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 19 Publicly-Listed Insurance Companies 1.22x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 578 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.65x ÷ 4.3%

4.13x

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

  • Admiral Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Admiral Group's assets?
Raw Data
LSE:ADM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £2.33
LSE:ADM Share Price * LSE (2019-02-15) in GBP £21.44
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.15x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,361 Publicly-Listed Companies 1.53x
LSE:ADM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 21.44 ÷ 2.33

9.19x

* Primary Listing of Admiral Group.

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

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

ADM Future Performance

 How is Admiral Group expected to perform in the next 1 to 3 years based on estimates from 11 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
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Admiral Group expected to grow at an attractive rate?
  • Admiral Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Admiral Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Admiral Group's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:ADM Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:ADM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 4.3%
LSE:ADM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts -6.6%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*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:ADM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:ADM Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 446
2021-12-31 423
2020-12-31 727 379 3
2019-12-31 706 396 3
2018-12-31 655 358 3
LSE:ADM Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 1,177 131 348
2018-03-31 1,153 232 341
2017-12-31 1,129 332 334
2017-09-30 1,092 365 281
2017-06-30 1,056 398 228
2017-03-31 1,036 415 225
2016-12-31 1,017 432 222
2016-09-30 993 420 263
2016-06-30 969 408 305
2016-03-31 937 359 302
2015-12-31 905 311 300
2015-09-30 896 194 296

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Admiral Group's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Admiral Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:ADM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Admiral Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:ADM Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.49 1.49 1.49 1.00
2021-12-31 1.43 1.43 1.43 1.00
2020-12-31 1.29 1.39 1.10 9.00
2019-12-31 1.35 1.65 1.07 12.00
2018-12-31 1.25 1.50 1.18 11.00
LSE:ADM Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 1.21
2018-03-31 1.19
2017-12-31 1.17
2017-09-30 0.99
2017-06-30 0.80
2017-03-31 0.80
2016-12-31 0.79
2016-09-30 0.93
2016-06-30 1.08
2016-03-31 1.08
2015-12-31 1.07
2015-09-30 1.06

*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.
  • Admiral Group is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Admiral 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.
Admiral Group has a total score of 2/6, 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.

ADM Past Performance

  How has Admiral Group performed over the past 5 years?

  • Admiral Group's last earnings update was 184 days ago.
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 Admiral Group's growth in the last year to its industry (Insurance).
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.
  • Admiral Group's year on year earnings growth rate has been positive over the past 5 years.
  • Admiral Group's 1-year earnings growth exceeds its 5-year average (52.7% vs 1.2%)
  • Admiral Group's earnings growth has exceeded the GB Insurance industry average in the past year (52.7% vs -2.8%).
Earnings and Revenue History
Admiral 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 Admiral Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:ADM Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1,177.30 348.20 381.80
2018-03-31 1,153.10 341.20 374.35
2017-12-31 1,128.90 334.20 366.90
2017-09-30 1,092.40 281.10 359.00
2017-06-30 1,055.90 228.00 351.10
2017-03-31 1,036.35 225.10 341.75
2016-12-31 1,016.80 222.20 332.40
2016-09-30 992.70 263.35 319.90
2016-06-30 968.60 304.50 307.40
2016-03-31 936.70 302.25 302.95
2015-12-31 904.80 300.00 298.50
2015-09-30 896.25 296.20 295.50
2015-06-30 887.70 292.40 292.50
2015-03-31 886.15 288.80 281.35
2014-12-31 884.60 285.20 270.20
2014-09-30 899.40 290.35 266.80
2014-06-30 914.20 295.50 263.40
2014-03-31 919.30 291.25 257.30
2013-12-31 924.40 287.00 251.20
2013-09-30 937.55 277.25 247.30
2013-06-30 950.70 267.50 243.40
2013-03-31 967.50 262.95 239.30
2012-12-31 984.30 258.40 235.20
2012-09-30 958.95 245.60 228.30
2012-06-30 933.60 232.80 221.40
2012-03-31 901.95 227.00 214.40

*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.
  • Admiral Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Admiral Group used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Admiral Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Admiral 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 Insurance 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.
Admiral Group has a total score of 5/6, 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.

ADM Health

 How is Admiral 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 Admiral Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Admiral Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Admiral Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Admiral 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 14.3x 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 Admiral Group Company Filings, last reported 7 months ago.

LSE:ADM Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 678.70 404.00 3,054.90
2018-03-31 678.70 404.00 3,054.90
2017-12-31 655.80 224.00 1,398.70
2017-09-30 655.80 224.00 1,398.70
2017-06-30 629.80 223.90 1,313.80
2017-03-31 629.80 223.90 1,313.80
2016-12-31 581.70 224.10 1,102.90
2016-09-30 581.70 224.10 1,102.90
2016-06-30 662.60 225.70 988.80
2016-03-31 662.60 225.70 988.80
2015-12-31 632.90 226.70 893.00
2015-09-30 632.90 226.70 893.00
2015-06-30 599.60 204.20 887.00
2015-03-31 599.60 204.20 887.00
2014-12-31 580.90 205.20 1,165.10
2014-09-30 580.90 205.20 1,165.10
2014-06-30 547.10 0.40 1,108.00
2014-03-31 547.10 0.40 1,108.00
2013-12-31 524.10 0.10 1,796.40
2013-09-30 524.10 0.10 1,796.40
2013-06-30 493.60 0.60 407.20
2013-03-31 493.60 0.60 407.20
2012-12-31 460.70 0.80 417.00
2012-09-30 460.70 0.80 417.00
2012-06-30 440.30 0.90 277.10
2012-03-31 440.30 0.90 277.10
  • Admiral Group's level of debt (59.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 59.5% today).
  • Debt is well covered by operating cash flow (32.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35.2x coverage).
X
Financial health checks
We assess Admiral 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. Admiral 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.

ADM Dividends

 What is Admiral 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
5.56%
Current annual income from Admiral Group dividends. Estimated to be 6.53% next year.
If you bought £2,000 of Admiral Group shares you are expected to receive £111 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?
  • Admiral Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.98%).
  • Admiral Group's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.24%).
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:ADM 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 11 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 710 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
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 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:ADM Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.62 1.00
2021-12-31 1.73 1.00
2020-12-31 1.37 12.00
2019-12-31 1.39 15.00
2018-12-31 1.21 14.00
LSE:ADM Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-08-16 1.193 5.855
2018-02-28 1.140 5.919
2017-08-16 1.075 5.713
2017-03-08 1.144 5.636
2016-08-17 1.263 6.631
2016-04-11 1.144 5.774
2015-08-19 1.000 6.026
2015-03-25 0.984 6.605
2015-03-05 0.984 6.492
2014-08-14 1.000 7.592
2014-03-05 0.995 6.797
2013-08-29 0.703 5.425
2013-03-21 0.906 6.890
2013-03-06 0.906 6.748
2012-03-07 0.756 6.558
2012-03-06 0.756 6.939
2011-08-24 0.782 7.693
2011-05-06 0.703 4.355
2010-08-25 0.638 3.954
2010-03-02 0.584 4.298
2009-08-25 0.844 7.595
2009-03-03 0.526 5.830
2009-02-16 0.526 6.202

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Admiral Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Admiral Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Admiral Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Admiral Group has a total score of 4/6, see the detailed checks below.


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

ADM Management

 What is the CEO of Admiral 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
David Stevens
COMPENSATION £395,019
AGE 56
TENURE AS CEO 2.8 years
CEO Bio

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 Group plc. At Admiral, Mr. Stevens joined Admiral in 1991 from McKinsey & Co where he worked in the Financial Interest Group, London office. He served as the Chief Operating Officer of Admiral PLC since 2004. Prior to McKinsey & Co, he served at Cadbury Schweppes in the United Kingdom and the United States. Mr. Stevens has been an Executive Director of Admiral Group Plc since 1999. He is a Trustee of the Waterloo Foundation. He served as a Director of Admiral Plc. He holds an MBA from INSEAD.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year.
  • David'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 of the Admiral Group management team in years:

0.9
Average Tenure
  • The average tenure for the Admiral Group management team is less than 2 years, this suggests a new team.
Management Team

David Stevens

TITLE
CEO & Director
COMPENSATION
£395K
AGE
56
TENURE
2.8 yrs

Geraint Jones

TITLE
CFO & Director
COMPENSATION
£1M
AGE
41
TENURE
4.5 yrs

Chris Price

TITLE
Head of Operations
TENURE
0.1 yrs

Matt Wintle

TITLE
Chief Information Officer

Steve Cottrell

TITLE
Chief Information Security Officer
TENURE
0.5 yrs

Marisja Kocznur

TITLE
Head of Investor Relations

Sue Gilbert

TITLE
Head of Group Compliance
TENURE
0.1 yrs

Louisa Scadden

TITLE
Head of Group Communications

Alexander Murphy

TITLE
Head of Marketing
TENURE
1.3 yrs

Ceri Assiratti

TITLE
Head of People Services
Board of Directors Tenure

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

3.1
Average Tenure
55
Average Age
  • The tenure for the Admiral Group board of directors is about average.
Board of Directors

Annette Court

TITLE
Non-Executive Chairman
COMPENSATION
£217K
AGE
56
TENURE
1.8 yrs

David Stevens

TITLE
CEO & Director
COMPENSATION
£395K
AGE
56
TENURE
20.1 yrs

Geraint Jones

TITLE
CFO & Director
COMPENSATION
£1M
AGE
41
TENURE
4.5 yrs

Owen Clarke

TITLE
Non-Executive Director
COMPENSATION
£77K
AGE
54
TENURE
3.5 yrs

Jean Park

TITLE
Independent Non-Executive Director
COMPENSATION
£114K
AGE
63
TENURE
5.1 yrs

Karen Green

TITLE
Independent Non-Executive Director
AGE
50
TENURE
0.2 yrs

George Rountree

TITLE
Independent Non-Executive Director
COMPENSATION
£70K
AGE
46
TENURE
3.7 yrs

Justine Alice Roberts

TITLE
Independent Non-Executive Director
COMPENSATION
£59K
AGE
51
TENURE
2.7 yrs

Andy Crossley

TITLE
Non-Executive Director
AGE
62
TENURE
1 yrs

Mike Brierley

TITLE
Independent Non-Executive Director
AGE
59
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
05. Oct 18 Sell Cristina Nestares Individual 01. Oct 18 03. Oct 18 -18,555 £20.45 £-379,348
15. Aug 18 Buy Annette Court Individual 15. Aug 18 15. Aug 18 1,195 £20.56 £24,569
15. Aug 18 Sell David Stevens Individual 15. Aug 18 15. Aug 18 -225,000 £20.19 £-4,542,750
05. Mar 18 Sell David Stevens Individual 01. Mar 18 02. Mar 18 -225,000 £18.78 £-4,211,225
02. Mar 18 Buy Annette Court Individual 01. Mar 18 01. Mar 18 1,740 £18.89 £32,869
X
Management checks
We assess Admiral 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. Admiral 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.

ADM News

Simply Wall St News

Intrinsic Calculation For Admiral Group plc (LON:ADM) Shows Investors Are Overpaying

ADM operates in the insurance industry, which has characteristics that make it unique compared to other sectors. … Understanding these differences is crucial when it comes to putting a value on the insurance stock. … For instance, insurance firms that invest excess premiums are required to maintain a certain level of reserves to reduce the risk to shareholders.

Simply Wall St -

What Do Analysts Think About The Future Of Admiral Group plc's (LON:ADM)?

In June 2018, Admiral Group plc (LON:ADM) released its earnings update. … with profits predicted to increase by 8.4% next year … the past 5-year average growth rate of 1.2%

Simply Wall St -

Is Admiral Group plc (LON:ADM) An Attractive Dividend Stock?

Historically, Admiral Group plc (LON:ADM) has paid dividends to shareholders, and these days it yields 5.9%. … Does Admiral Group tick all the boxes of a great dividend stock? … Check out our latest analysis for Admiral Group

Simply Wall St -

Does Admiral Group plc's (LON:ADM) CEO Pay Matter?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does David Stevens's Compensation Compare With Similar Sized Companies. … According to our data, Admiral Group plc has a market capitalization of UK£5.3b, and pays its CEO total annual compensation worth UK£395k.

Simply Wall St -

How Many Insiders Sold Admiral Group plc (LON:ADM) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Admiral Group plc (LON:ADM). … Admiral Group Insider Transactions Over The Last Year. … That means that an insider was selling shares at around the current price of UK£19.96.

Simply Wall St -

Why Admiral Group plc's (LON:ADM) High P/E Ratio Isn't Necessarily A Bad Thing

We'll show how you can use Admiral Group plc's (LON:ADM) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Admiral Group's P/E ratio is 16.92. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Impressed By Admiral Group plc's (LON:ADM) ROE?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every £1 worth of shareholders' equity, it generated £0.51 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Admiral Group plc (LON:ADM) Is Undervalued By 2.17%

ADM operates in the insurance industry, which has characteristics that make it unique compared to other sectors. … Understanding these differences is crucial when it comes to putting a value on the insurance stock. … For example, insurance companies are required to hold more capital to reduce the risk to shareholders.

Simply Wall St -

Admiral Group plc (LON:ADM): What Does The Future Look Like?

After Admiral Group plc's (LON:ADM) earnings announcement in June 2018,. … the higher past 5-year average growth rate of 3.5% … Currently with trailing-twelve-month earnings of UK£348.2m, we can expect this to reach UK£354.8m by 2019.

Simply Wall St -

Does Admiral Group plc's (LON:ADM) Past Performance Indicate A Stronger Future?

In this article, I will take a look at Admiral Group plc's (LON:ADM) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, along with how the rest of ADM's industry performed. … Did ADM beat its long-term earnings growth trend and its industry. … ADM's trailing twelve-month earnings (from 31 December 2017) of UK£334.20m has

Simply Wall St -

ADM Company Info

Map
Description

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 Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services. The company also operates price comparison Websites, including Confused.com in the United Kingdom, compare.com in the United States, leLynx.fr in France, and rastreator.com and seguros.es in Spain. It offers its insurance products primarily under Admiral, Balumba, Bell, Diamond, Elephant, Elephant Auto, Gladiator, L’Olivier, and Qualitas Auto, as well as through online and by telephone. Admiral Group plc was founded in 1993 and is headquartered in Cardiff, the United Kingdom.

Details
Name: Admiral Group plc
ADM
Exchange: LSE
Founded: 1993
£5,785,965,224
269,867,781
Website: http://www.admiralgroup.co.uk
Address: Admiral Group plc
Ty Admiral,
David Street,
Cardiff,
South Glamorgan, CF10 2EH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE ADM Ordinary Shares London Stock Exchange GB GBP 23. Sep 2004
OTCPK AMIG.F Ordinary Shares Pink Sheets LLC US USD 23. Sep 2004
DB FLN Ordinary Shares Deutsche Boerse AG DE EUR 23. Sep 2004
BATS-CHIXE ADML Ordinary Shares BATS 'Chi-X Europe' GB GBP 23. Sep 2004
OTCPK AMIG.Y UNSPONSORED ADR Pink Sheets LLC US USD 17. Oct 2008
Number of employees
Current staff
Staff numbers
9,696
Admiral Group employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/15 20:36
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/11
Last earnings filing: 2018/08/15
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.