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Market Cap

UK£1.1b

Last Updated

2021/04/19 18:16 UTC

Data Sources

Company Financials +

Executive Summary

Just Group plc provides various financial services in the retirement income market in the United Kingdom. More Details


Snowflake Analysis

Undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has Just Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JUST is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JUST's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0%

JUST

-0.6%

GB Insurance

1.6%

GB Market


1 Year Return

82.8%

JUST

44.8%

GB Insurance

23.4%

GB Market

Return vs Industry: JUST exceeded the UK Insurance industry which returned 44.8% over the past year.

Return vs Market: JUST exceeded the UK Market which returned 23.4% over the past year.


Shareholder returns

JUSTIndustryMarket
7 Day0%-0.6%1.6%
30 Day15.6%2.6%5.2%
90 Day40.9%7.4%4.0%
1 Year82.8%82.8%52.7%44.8%30.4%23.4%
3 Year-25.9%-27.2%6.6%-12.2%17.3%2.6%
5 Year-19.2%-24.1%40.6%4.7%48.5%19.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Just Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JUST (£1.05) is trading below our estimate of fair value (£2.2)

Significantly Below Fair Value: JUST is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JUST is good value based on its PE Ratio (6.5x) compared to the GB Insurance industry average (16.2x).

PE vs Market: JUST is good value based on its PE Ratio (6.5x) compared to the UK market (26.3x).


Price to Earnings Growth Ratio

PEG Ratio: JUST is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: JUST is good value based on its PB Ratio (0.4x) compared to the GB Insurance industry average (1.4x).


Future Growth

How is Just Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JUST's forecast earnings growth (4.9% per year) is above the savings rate (1%).

Earnings vs Market: JUST's earnings (4.9% per year) are forecast to grow slower than the UK market (17.9% per year).

High Growth Earnings: JUST's earnings are forecast to grow, but not significantly.

Revenue vs Market: JUST's revenue is expected to decline over the next 3 years (-15.4% per year).

High Growth Revenue: JUST's revenue is forecast to decline over the next 3 years (-15.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JUST's Return on Equity is forecast to be low in 3 years time (6%).


Past Performance

How has Just Group performed over the past 5 years?

25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JUST has high quality earnings.

Growing Profit Margin: JUST's current net profit margins (3.6%) are lower than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: JUST's earnings have grown significantly by 25.7% per year over the past 5 years.

Accelerating Growth: JUST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JUST had negative earnings growth (-42.2%) over the past year, making it difficult to compare to the Insurance industry average (-13%).


Return on Equity

High ROE: JUST's Return on Equity (7.7%) is considered low.


Financial Health

How is Just Group's financial position?


Financial Position Analysis

Short Term Liabilities: JUST's short term assets (£28.0B) exceed its short term liabilities (£1.5B).

Long Term Liabilities: JUST's short term assets (£28.0B) exceed its long term liabilities (£24.2B).


Debt to Equity History and Analysis

Debt Level: JUST's debt to equity ratio (34.1%) is considered satisfactory.

Reducing Debt: JUST's debt to equity ratio has increased from 17.8% to 34.1% over the past 5 years.

Debt Coverage: JUST's debt is well covered by operating cash flow (111.4%).

Interest Coverage: JUST's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is Just Group current dividend yield, its reliability and sustainability?

0.87%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JUST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JUST's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JUST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JUST's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: JUST is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JUST's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

David Richardson (48 yo)

1.58yrs

Tenure

UK£1,495,000

Compensation

Mr. David Louis Richardson, FIA, CFA, serves as Group Chief Executive Officer at Just Group Plc and at Group's insurance subsidiaries, Just Retirement Limited and Partnership Life Assurance Company Limited...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD2.09M) is above average for companies of similar size in the UK market ($USD1.47M).

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


Leadership Team

Experienced Management: JUST's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: JUST's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Just Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Just Group plc
  • Ticker: JUST
  • Exchange: LSE
  • Founded: 2004
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: UK£1.122b
  • Shares outstanding: 1.04b
  • Website: https://www.justgroupplc.co.uk

Number of Employees


Location

  • Just Group plc
  • Enterprise House
  • Bancroft Road
  • Reigate
  • Surrey
  • RH2 7RP
  • United Kingdom

Listings


Biography

Just Group plc provides various financial services in the retirement income market in the United Kingdom. It offers de-risking solutions, guaranteed income for life, secure lifetime income, care plans, lif...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 18:16
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.