Admiral Group
Market Cap
UK£5.5b
Last Updated
2019/10/23 20:33 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.
Snowflake
Fundamentals
Proven track record average 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
Market Performance
7 Day Return
-0.1%
ADM
-1.6%
GB Insurance
0.08%
GB Market
1 Year Return
3.0%
ADM
-1.3%
GB Insurance
3.5%
GB Market
Return vs Industry: ADM exceeded the UK Insurance industry which returned -1.3% over the past year.
Return vs Market: ADM matched the UK Market which returned 3.5% over the past year.
Shareholder returns
| ADM | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | -1.6% | 0.08% |
| 30 Day | -4.6% | -0.4% | -1.3% |
| 90 Day | -8.5% | -8.8% | -2.2% |
| 1 Year | 9.6%3.0% | 9.9%-1.3% | 9.0%3.5% |
| 3 Year | 26.2%5.9% | 23.6%0.5% | 18.1%3.1% |
| 5 Year | 110.6%55.4% | 39.8%3.9% | 36.2%5.3% |
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
22 hours ago | Simply Wall St
Read This Before Buying Admiral Group plc (LON:ADM) For Its Dividend2 weeks ago | Simply Wall St
Admiral Group plc (LON:ADM): A Fundamentally Attractive Investment4 weeks ago | Simply Wall St
Here's Why I Think Admiral Group (LON:ADM) Is An Interesting StockValuation
Is Admiral Group undervalued compared to its fair value and its price relative to the market?
15.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ADM (£20.37) is trading below our estimate of fair value (£24.21)
Significantly Below Fair Value: ADM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ADM is poor value based on its PE Ratio (14.7x) compared to the Insurance industry average (13.8x).
PE vs Market: ADM is good value based on its PE Ratio (14.7x) compared to the UK market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: ADM is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: ADM is overvalued based on its PB Ratio (7.3x) compared to the GB Insurance industry average (1.7x).
Next Steps
Future Growth
How is Admiral Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
4.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADM's forecast earnings growth (4.2% per year) is above the savings rate (1.2%).
Earnings vs Market: ADM's earnings (4.2% per year) are forecast to grow slower than the UK market (12.4% per year).
High Growth Earnings: ADM's earnings are forecast to grow, but not significantly.
Revenue vs Market: ADM's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: ADM's revenue is forecast to decline over the next 3 years (-1% 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 (47.1%).
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Past Performance
How has Admiral Group performed over the past 5 years?
6.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ADM's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: ADM's earnings growth over the past year (15.2%) exceeds its 5-year average (6.6% per year).
Earnings vs Industry: ADM earnings growth over the past year (15.2%) underperformed the Insurance industry 21.9%.
Return on Equity
High ROE: ADM's Return on Equity (48.1%) is considered outstanding.
Return on Assets
ROA vs Industry: ADM has a higher Return on Assets than the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: ADM's Return on Capital Employed has declined over the past 3 years.
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Financial Health
How is Admiral Group'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: ADM has a low level of unsold assets or inventory.
Debt Coverage by Assets: ADM's debt is covered by short term assets (assets are 13.202470x debt).
Financial Institutions Analysis
Asset Level: ADM's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ADM has a sufficient allowance for bad loans.
Low Risk Liabilities: ADM reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ADM has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ADM has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ADM has an appropriate level of bad loans.
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Dividend
What is Admiral Group's current dividend yield, its reliability and sustainability?
6.33%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ADM's dividend (6.33%) is higher than the bottom 25% of dividend payers in the UK market (1.98%).
High Dividend: ADM's dividend (6.33%) is in the top 25% of dividend payers in the UK market (5.37%)
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%), ADM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ADM's dividends in 3 years are not forecast to be well covered by earnings (106.5% payout ratio).
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Management
What is the CEO of Admiral Group's salary, the management and board of directors tenure and is there insider trading?
3.4yrs
Average management tenure
CEO
David Stevens (57yo)
3.4yrs
Tenure
UK£403,662
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 ($USD520.15K) is about average for companies of similar size in the UK market ($USD3.53M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.4yrs
Average Tenure
Experienced Management: ADM's management team is considered experienced (3.4 years average tenure).
Board Age and Tenure
2.9yrs
Average Tenure
56yo
Average Age
Experienced Board: ADM's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: ADM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 225,000 |
| Max Price | UK£21.26 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 225,000 |
| Max Price | UK£21.07 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 1,180 |
| Max Price | UK£21.04 |
Ownership Breakdown
Management Team
David Stevens (57yo)
CEO & Director
- Tenure: 3.4yrs
- Compensation: UK£403.66k
Duncan Russell
Chief Financial Officer of AFSL
- Tenure: 0yrs
Mark Waters
Company Secretary
- Tenure: 0yrs
Geraint Jones (42yo)
CFO & Director
- Tenure: 5.2yrs
- Compensation: UK£1.42m
Milena de Focatiis
Chief Executive Officer of European Insurance
- Tenure: 3.4yrs
Cristina Nestares
Chief Executive Officer of UK Insurance
- Tenure: 2.8yrs
Elisa Blas
Head of Business Strategy - Admiral Seguros
- Tenure: 0yrs
Scott Cargill
Chief Executive Officer of AFSL
- Tenure: 0.8yrs
Marisja Kocznur
Head of Investor Relations
- Tenure: 0yrs
Board Members
Owen Clarke (55yo)
Senior Independent Director
- Tenure: 0.8yrs
- Compensation: UK£88.10k
Karen Green (52yo)
Non-Executive Director
- Tenure: 0.8yrs
David Stevens (57yo)
CEO & Director
- Tenure: 3.4yrs
- Compensation: UK£403.66k
Annette Court (57yo)
Independent Chairman
- Tenure: 2.5yrs
- Compensation: UK£319.44k
Andy Crossley (63yo)
Non-Executive Director
- Tenure: 1.7yrs
- Compensation: UK£92.52k
Jean Park (64yo)
Non-Executive Director
- Tenure: 5.8yrs
- Compensation: UK£101.50k
Mike Brierley (61yo)
Non-Executive Director
- Tenure: 1yrs
- Compensation: UK£47.13k
Geraint Jones (42yo)
CFO & Director
- Tenure: 5.2yrs
- Compensation: UK£1.42m
Justine Alice Roberts (52yo)
Non-Executive Director
- Tenure: 3.3yrs
- Compensation: UK£60.50k
George Rountree (47yo)
Non-Executive Director
- Tenure: 4.3yrs
- Compensation: UK£73.10k
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£5.533b
- Shares outstanding: 271.64m
- 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 | 2019/10/23 20:33 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.