Admiral Group
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Admiral Group.
| 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.
| 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.
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Admiral Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Admiral Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- 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)
- 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)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Admiral Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Admiral Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Admiral Group Company Filings, last reported 7 months ago.
| 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).
Financial health checks
We assess Admiral Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Admiral Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
£2,000 of
Admiral Group
shares you are expected to receive
£111
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are not well covered by earnings (0.9x coverage).
Income/ dividend checks
We assess Admiral Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the Admiral Group management team is less than 2 years, this suggests a new team.
Management Team
David Stevens
CEO & Director
£395K
56
2.8 yrs
Geraint Jones
CFO & Director
£1M
41
4.5 yrs
Chris Price
Head of Operations
0.1 yrs
Matt Wintle
Chief Information Officer
Steve Cottrell
Chief Information Security Officer
0.5 yrs
Marisja Kocznur
Head of Investor Relations
Sue Gilbert
Head of Group Compliance
0.1 yrs
Louisa Scadden
Head of Group Communications
Alexander Murphy
Head of Marketing
1.3 yrs
Ceri Assiratti
Head of People Services
Board of Directors Tenure
Average tenure and age of the Admiral Group board of directors in years:
- The tenure for the Admiral Group board of directors is about average.
Board of Directors
Annette Court
Non-Executive Chairman
£217K
56
1.8 yrs
David Stevens
CEO & Director
£395K
56
20.1 yrs
Geraint Jones
CFO & Director
£1M
41
4.5 yrs
Owen Clarke
Non-Executive Director
£77K
54
3.5 yrs
Jean Park
Independent Non-Executive Director
£114K
63
5.1 yrs
Karen Green
Independent Non-Executive Director
50
0.2 yrs
George Rountree
Independent Non-Executive Director
£70K
46
3.7 yrs
Justine Alice Roberts
Independent Non-Executive Director
£59K
51
2.7 yrs
Andy Crossley
Non-Executive Director
62
1 yrs
Mike Brierley
Independent Non-Executive Director
59
0.3 yrs
Who owns this company?
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 | ||
Management checks
We assess Admiral Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleDoes 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 - – Full articleHow 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 - – Full articleWhy 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 - – Full articleShould 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 - – Full articleAdmiral 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 - – Full articleAdmiral 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 - – Full articleDoes 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 - – Full articleADM 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
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.
