LSE:CTR

Stock Analysis Report

Executive Summary

Charles Taylor plc provides professional services and technology solutions to the insurance market in the United Kingdom, the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Snowflake

Fundamentals

Concerning outlook with worrying balance sheet.

Share Price & News

How has Charles Taylor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CTR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.4%

CTR

-1.8%

GB Insurance

-0.2%

GB Market


1 Year Return

48.1%

CTR

-5.5%

GB Insurance

4.7%

GB Market

Return vs Industry: CTR exceeded the UK Insurance industry which returned -5.5% over the past year.

Return vs Market: CTR exceeded the UK Market which returned 4.7% over the past year.


Shareholder returns

CTRIndustryMarket
7 Day0.4%-1.8%-0.2%
30 Day8.2%-4.7%0.8%
90 Day58.3%1.9%3.7%
1 Year54.9%48.1%5.1%-5.5%10.1%4.7%
3 Year57.2%38.1%11.2%-8.8%20.9%5.6%
5 Year84.0%30.7%26.2%-6.2%32.3%2.2%

Price Volatility Vs. Market

How volatile is Charles Taylor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Charles Taylor undervalued compared to its fair value and its price relative to the market?

3.49x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CTR (£3.45) is trading above our estimate of fair value (£1.7)

Significantly Below Fair Value: CTR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CTR is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.

PE vs Market: CTR is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CTR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CTR is overvalued based on its PB Ratio (3.5x) compared to the GB Insurance industry average (1.7x).


Next Steps

Future Growth

How is Charles Taylor forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CTR's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if CTR's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CTR's revenue (4.8% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: CTR's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Charles Taylor performed over the past 5 years?

-31.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTR has large one-off items impacting its financial results.

Growing Profit Margin: CTR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CTR is unprofitable, and losses have increased over the past 5 years at a rate of -31.2% per year.

Accelerating Growth: Unable to compare CTR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CTR is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (21.9%).


Return on Equity

High ROE: CTR has a negative Return on Equity (-2.83%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Charles Taylor'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: CTR has a low level of unsold assets or inventory.

Debt Coverage by Assets: CTR's debt is covered by short term assets (assets are 12.5x debt).


Financial Institutions Analysis

Asset Level: CTR's level of assets compared to its equity is moderate.

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

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

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

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

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


Next Steps

Dividend

What is Charles Taylor's current dividend yield, its reliability and sustainability?

3.35%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%2.0%markettop25%5.3%industryaverage5.3%forecastin3Years3.8%

Current dividend yield vs market & industry

Notable Dividend: CTR's dividend (3.35%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).

High Dividend: CTR's dividend (3.35%) is low compared to the top 25% of dividend payers in the UK market (5.33%).


Stability and Growth of Payments

Stable Dividend: CTR's dividend payments have been volatile in the past 10 years.

Growing Dividend: CTR's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CTR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Charles Taylor's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

David Marock 0

8.3yrs

Tenure

UK£1,008,154

Compensation

Mr. David Gideon Marock has been an Executive Director at Charles Taylor plc since July 1, 2011 and served as its the Group Chief Executive Officer since July 1, 2011. Mr. Marock served as the Chief Operat ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.29M) is above average for companies of similar size in the UK market ($USD894.69K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.8yrs

Average Tenure

56yo

Average Age

Experienced Management: CTR's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

60yo

Average Age

Experienced Board: CTR's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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Role
Chief Executive Officer
Group CEO & Executive Director
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Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.4%.


Management Team

  • Thomas Ely (55yo)

    CEO of Adjusting Services & Executive Director

    • Tenure: 14.1yrs
    • Compensation: UK£482.46k
  • David Marock

    Group CEO & Executive Director

    • Tenure: 8.3yrs
    • Compensation: UK£1.01m
  • Ivan Keane (56yo)

    Group General Counsel

    • Tenure: 0yrs
  • Mark Keogh (57yo)

    Group CFO & Executive Director

    • Tenure: 5.4yrs
    • Compensation: UK£471.27k
  • Jeffrey More

    Chief Executive Officer of Life Insurance Support Services

    • Tenure: 0yrs
  • Jeremy Grose

    Chief Executive Officer of Management Services - UK & International

    • Tenure: 5.8yrs
  • Mike Lord

    Group Communications Director

    • Tenure: 10.5yrs
  • Suzanne Deery

    Director of Human Resources

    • Tenure: 5.8yrs
  • Richard Yerbury

    Group Corporate Development & Operations Director

    • Tenure: 0yrs
  • Jason Sahota

    Chief Information Officer

    • Tenure: 4.8yrs

Board Members

  • Tamer Ozmen (56yo)

    Non-Executive Director

    • Tenure: 2.4yrs
    • Compensation: UK£41.00k
  • Gill Rider (64yo)

    Senior Independent Non-Executive Director

    • Tenure: 5.1yrs
    • Compensation: UK£56.00k
  • Edward Creasy (64yo)

    Non-Executive Chairman

    • Tenure: 4.3yrs
    • Compensation: UK£100.00k
  • Thomas Ely (55yo)

    CEO of Adjusting Services & Executive Director

    • Tenure: 14.1yrs
    • Compensation: UK£482.46k
  • Paul Hewitt (63yo)

    Non-Executive Director

    • Tenure: 3yrs
    • Compensation: UK£51.00k
  • David Marock

    Group CEO & Executive Director

    • Tenure: 8.3yrs
    • Compensation: UK£1.01m
  • Barnabas Hurst-Bannister

    Non-Executive Director

    • Tenure: 5.1yrs
    • Compensation: UK£41.00k
  • Mark Keogh (57yo)

    Group CFO & Executive Director

    • Tenure: 5.4yrs
    • Compensation: UK£471.27k

Company Information

Charles Taylor plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Charles Taylor plc
  • Ticker: CTR
  • Exchange: LSE
  • Founded:
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Market Cap: UK£267.767m
  • Shares outstanding: 77.61m
  • Website: https://www.ctplc.com

Number of Employees


Location

  • Charles Taylor plc
  • The Minister Building
  • First Floor
  • London
  • Greater London
  • EC3R 7AG
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHTY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 1996
CTRLSE (London Stock Exchange)YesOrdinary SharesGBGBPOct 1996
CTRlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPOct 1996
31ADB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 1996

Biography

Charles Taylor plc provides professional services and technology solutions to the insurance market in the United Kingdom, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It operates th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 20:33
End of Day Share Price2019/11/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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