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Just Group

LSE:JUST
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JUST
LSE
£714M
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Just Group Plc provides various financial services in the retirement income market in the United Kingdom. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Just Group has significant price volatility in the past 3 months.
JUST Share Price and Events
7 Day Returns
0.7%
LSE:JUST
-0.6%
GB Insurance
1.2%
GB Market
1 Year Returns
-51.7%
LSE:JUST
-5.4%
GB Insurance
2.5%
GB Market
JUST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Just Group (JUST) 0.7% 7.5% -28.9% -51.7% -51% -59.5%
GB Insurance -0.6% 7.9% 9.8% -5.4% 16.5% 21%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • JUST underperformed the Insurance industry which returned -5.4% over the past year.
  • JUST underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
JUST
Industry
5yr Volatility vs Market

JUST Value

 Is Just 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 Just 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 Just Group.

LSE:JUST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £2.09 * 5.9%
£0.12
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. £2.09
Discount Rate (Cost of Equity) See below 8.8%
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:JUST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 19%) (81.62%))
1.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.136 * 6.65%)
8.78%

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

The calculations below outline how an intrinsic value for Just 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:JUST Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.9% – 8.78%) * £2.09)
£-0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £-0.06 / (8.78% - 1.23%)
£-0.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.09 + £-0.80
£1.3
LSE:JUST Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.30
Current discount Discount to share price of £0.69
= -1 x (£0.69 - £1.30) / £1.30
46.8%

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

Current Discount
Amount off the current price Just Group is available for.
Intrinsic value
47%
Share price is £0.69 vs Future cash flow value of £1.3
Current Discount Checks
For Just Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Just Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Just Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Just Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Just Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:JUST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £-0.07
LSE:JUST Share Price ** LSE (2019-04-25) in GBP £0.69
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

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

** Primary Listing of Just Group.

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

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

= 0.69 ÷ -0.07

-10.1x

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

  • Just Group is loss making, we can't compare its value to the GB Insurance industry average.
  • Just Group is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Just Group's expected growth come at a high price?
Raw Data
LSE:JUST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
49%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.55x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Just Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Just Group's assets?
Raw Data
LSE:JUST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.77
LSE:JUST Share Price * LSE (2019-04-25) in GBP £0.69
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:JUST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.69 ÷ 1.77

0.39x

* Primary Listing of Just Group.

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

  • Just Group is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Just 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. Just Group has a total score of 3/6, 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.

JUST Future Performance

 How is Just Group expected to perform in the next 1 to 3 years based on estimates from 3 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
49%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Just Group expected to grow at an attractive rate?
  • Just Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Just Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Just Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:JUST Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:JUST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 49%
LSE:JUST Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.5%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:JUST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:JUST Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,205 158 1
2021-12-31 3,176 171 3
2020-12-31 3,022 152 3
2019-12-31 2,837 124 3
LSE:JUST Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 2,863 -328 -64
2018-09-30 3,033 30 40
2018-06-30 3,203 388 145
2018-03-31 3,087 488 150
2017-12-31 2,971 588 155
2017-06-30 2,493 -21 37
2017-03-31 2,560 -73 68
2016-12-31 2,627 -126 98
2016-06-30 2,376 118 211
2016-03-31 2,463 222 108

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Just Group's earnings are expected to grow significantly at over 20% yearly.
  • Just Group's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
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:JUST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Just Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:JUST Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.15 0.15 0.15 1.00
2021-12-31 0.15 0.18 0.14 5.00
2020-12-31 0.14 0.17 0.12 7.00
2019-12-31 0.13 0.17 0.10 6.00
LSE:JUST Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 -0.07
2018-09-30 0.04
2018-06-30 0.16
2018-03-31 0.16
2017-12-31 0.17
2017-06-30 0.04
2017-03-31 0.08
2016-12-31 0.13
2016-06-30 0.33
2016-03-31 0.19

*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.
  • Just Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Just 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.
Just Group has a total score of 3/6, 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.

JUST Past Performance

  How has Just Group performed over the past 5 years?

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 Just 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.
  • Just Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Just Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Just Group's 1-year growth to the GB Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Just 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 Just Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:JUST Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,863.00 -63.70 11.20
2018-09-30 3,033.05 40.45 12.85
2018-06-30 3,203.10 144.60 14.50
2018-03-31 3,086.90 149.85 14.50
2017-12-31 2,970.70 155.10 14.50
2017-06-30 2,493.07 37.23 13.00
2017-03-31 2,560.17 67.78 13.00
2016-12-31 2,627.27 98.33 13.00
2016-06-30 2,375.80 210.70
2016-03-31 2,462.55 108.05 0.75
2015-12-31 2,549.30 5.40 1.50
2015-09-30 2,558.30 -9.70 1.50
2015-06-30 2,567.30 -24.80 4.80
2015-03-31 2,145.70 8.80 3.05
2014-12-31 1,724.10 42.40 1.30
2014-09-30 1,583.10 57.65 1.30
2014-06-30 1,442.10 72.90 1.30
2014-03-31 1,247.55 55.00 1.30
2013-12-31 1,053.00 37.10 1.30
2013-09-30 1,011.90 47.65 1.30
2013-06-30 970.80 58.20 1.30
2012-06-30 829.60 14.60 2.70

*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.
  • It is difficult to establish if Just Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Just Group used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • It is difficult to establish if Just Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Just 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.
Just Group has a total score of 0/6, 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.

JUST Health

 How is Just 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 Just Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Just Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Just Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Just 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 40.7x 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 Just Group Company Filings, last reported 3 months ago.

LSE:JUST Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,663.80 582.90 19,111.60
2018-09-30 1,663.80 582.90 19,111.60
2018-06-30 1,768.30 626.50 18,896.10
2018-03-31 1,768.30 626.50 18,896.10
2017-12-31 1,740.50 476.50 18,389.10
2017-06-30 1,648.10 394.80 17,495.30
2017-03-31 1,648.10 394.80 17,495.30
2016-12-31 1,610.60 398.50 17,291.50
2016-06-30 1,676.40 258.20 16,293.70
2016-03-31 1,676.40 258.20 16,293.70
2015-12-31 921.50 164.50 9,518.40
2015-09-30 921.50 164.50 9,518.40
2015-06-30 814.00 117.20 8,619.30
2015-03-31 814.00 117.20 8,619.30
2014-12-31 834.40 230.50 8,611.60
2014-09-30 834.40 230.50 8,611.60
2014-06-30 852.80 140.60 7,472.90
2014-03-31 852.80 140.60 7,472.90
2013-12-31 802.10 119.00 4,477.20
2013-09-30 802.10 119.00 4,477.20
2013-06-30 150.10 352.10 6,068.00
2012-06-30 79.60 281.50 4,957.90
  • Just Group's level of debt (35%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.9% vs 35% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Just Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Just 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. Just Group has a total score of 3/6, 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.

JUST Dividends

 What is Just 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
0%
Current annual income from Just Group dividends. Estimated to be 2.32% next year.
If you bought £2,000 of Just Group shares you are expected to receive £0 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?
  • Unable to evaluate Just Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Just Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:JUST 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 3 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 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 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 5.1%

Industry and Market average data is calculated daily.

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

LSE:JUST Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.01 1.00
2021-12-31 0.01 5.00
2020-12-31 0.02 7.00
2019-12-31 0.01 5.00
LSE:JUST Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.000 0.000
2018-05-17 0.037 3.794
2017-09-13 0.047 3.149
2017-03-10 0.035 2.582
2017-03-09 0.035 2.331
2016-09-15 0.022 1.601
2015-09-17 0.044 3.275
2015-02-25 0.022 1.249
2014-09-18 0.022 1.631

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

  • Unable to perform a dividend volatility check as Just Group has not reported any payouts.
  • Unable to verify if Just Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Just Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Just Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (13.4x coverage).
X
Income/ dividend checks
We assess Just Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 Just Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Just Group has a total score of 1/6, see the detailed checks below.


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

JUST Management

 What is the CEO of Just 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
Rodney Cook
COMPENSATION £2,369,000
AGE 61
TENURE AS CEO 3 years
CEO Bio

Mr. Rodney Malcolm Cook has been Group Chief Executive Officer at Just Group plc since April 2016. Mr. Cook served as the Chief Executive Officer at Just Retirement (Holdings) Limited since July 2010. Mr. Cook served as the Chief Executive Officer at Just Retirement Limited and Just Retirement Group Holdings Limited. He served as the Chief Executive Officer at Just Retirement Group plc since August 2013 until April 2016. He served as the Managing Director of Life and Pensions Business at Liverpool Victoria Friendly Society Ltd. He is a qualified actuary and an FCA Approved Person, has over 32 years’ experience in financial services, having led businesses in both the UK and Australasia. He commenced his career with AMP, which culminated in his appointment as Managing Director of Pearl in 1999. This was followed by a period at Zurich Financial Services as Customer Solutions Director, before joining Prudential as Prulab Director. He has been an Executive Director of Just Group plc since August 1, 2013. Mr. Cook serves as a Director at Just Retirement Group plc, Just Retirement Limited, Just Retirement Group Holdings Limited, Just Retirement Solutions Limited, Just Retirement Management Services Limited and TOMAS Acquisitions Limited. Mr. Cook has been Non Executive Director at Just Retirement (Holdings) Limited since July 5, 2010.

CEO Compensation
  • Rodney's compensation has increased whilst company is loss making.
  • Rodney's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Just Group management team in years:

3
Average Tenure
  • The tenure for the Just Group management team is about average.
Management Team

Rodney Cook

TITLE
Group CEO & Director
COMPENSATION
£2M
AGE
61
TENURE
3 yrs

David Richardson

TITLE
Interim CFO
COMPENSATION
£1M
AGE
46
TENURE
0.5 yrs

Jo Varley

TITLE
Interim Group Chief Operating Officer

Giles Offen

TITLE
Group Chief Digital Information Officer
TENURE
3 yrs

Steve Lowe

TITLE
Group Communications Director

David Cooper

TITLE
Group Marketing & Distribution Director
TENURE
3 yrs

Kathryn Gray

TITLE
Group Human Resources Director
TENURE
1.7 yrs

Alex Duncan

TITLE
Group Chief Risk Officer
TENURE
3 yrs

Paul Turner

TITLE
Managing Director of Retirement Lending
TENURE
3 yrs

Hugh McKee

TITLE
Managing Director of UK Retail Business
TENURE
3 yrs
Board of Directors Tenure

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

3
Average Tenure
65
Average Age
  • The tenure for the Just Group board of directors is about average.
Board of Directors

Chris Gibson-Smith

TITLE
Chairman of the Board
COMPENSATION
£250K
AGE
72
TENURE
3 yrs

Rodney Cook

TITLE
Group CEO & Director
COMPENSATION
£2M
AGE
61
TENURE
5.7 yrs

David Richardson

TITLE
Interim CFO
COMPENSATION
£1M
AGE
46
TENURE
3 yrs

Keith Nicholson

TITLE
Senior Independent Director
COMPENSATION
£89K
AGE
69
TENURE
3 yrs

Michael Deakin

TITLE
Independent Non-Executive Director
COMPENSATION
£79K
AGE
64
TENURE
5 yrs

Paul Bishop

TITLE
Non-Executive Director
COMPENSATION
£75K
AGE
64
TENURE
3 yrs

Ian Cormack

TITLE
Independent Non-Executive Director
COMPENSATION
£77K
AGE
71
TENURE
3 yrs

Steve Melcher

TITLE
Independent Non-Executive Director
COMPENSATION
£79K
AGE
68
TENURE
3.9 yrs

Clare Mary Spottiswoode

TITLE
Non-Executive Director
COMPENSATION
£60K
AGE
65
TENURE
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 (£)
X
Management checks
We assess Just 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. Just 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.

JUST News

Simply Wall St News

Just Group Plc (LON:JUST): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Is Just Group Plc's (LON:JUST) CEO Paid At A Competitive Rate?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Rodney Cook's Compensation Compare With Similar Sized Companies. … Our data indicates that Just Group Plc is worth UK£934m, and total annual CEO compensation is UK£2.4m.

Simply Wall St -

When Should You Buy Just Group Plc (LON:JUST)?

As a small cap stock, which tends to lack high analyst coverage, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on Just Group’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Should You Be Holding Just Group Plc (LON:JUST)?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Does The Just Group Plc (LON:JUST) Share Price Fall With The Market?

If you're interested in Just Group Plc (LON:JUST), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Just Group Plc (LON:JUST) An Attractive Dividend Stock?

Just Group Plc (LON:JUST) has paid a dividend to shareholders in the last few years. … Let's take a look at Just Group in more detail. … See our latest analysis for Just Group

Simply Wall St -

Just Group Plc (LON:JUST): Can Growth Justify Its November Share Price?

Just Group Plc (LON:JUST) is considered a high-growth stock, but its last closing price of £0.8685 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … See our latest analysis for Just Group? … Just Group's extremely high growth potential in the near future is attracting investors

Simply Wall St -

Is Just Group Plc (LON:JUST) Potentially Undervalued?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Today I will analyse the most recent data on Just Group’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Why I Like Just Group Plc (LON:JUST)

I've been keeping an eye on Just Group Plc (LON:JUST) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe JUST has a lot to offer.

Simply Wall St -

Who Owns Just Group Plc (LON:JUST)?

Today, I will be analyzing Just Group Plc’s (LON:JUST) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine JUST's ownership structure in more detail.

Simply Wall St -

JUST Company Info

Description

Just Group Plc provides various financial services in the retirement income market in the United Kingdom. The company offers de-risking solutions, individually underwritten retirement income products, long term care plans, lifetime mortgages, and protection products. It also provides professional services, including regulated financial advice and guidance services; and a range of business services, such as consultancy and software development, and outsourced customer service delivery and marketing services. In addition, the company engages in writing of insurance products for distribution to the at- or in-retirement market, which is undertaken through the activities of the life company; and provision of licensed software to financial advisers, banks, building societies, life assurance companies, and pension trustees. Further, it arranges guaranteed income for life contracts; and provides lifetime mortgages through advice and intermediary services. The company offers its products, and advisory and professional services to banks, building societies, life assurance companies, pension scheme trustees, other corporate clients. The company was formerly known as JRP Group plc and changed its name to Just Group Plc in May 2017. Just Group Plc was founded in 2004 and is based in Reigate, the United Kingdom.

Details
Name: Just Group Plc
JUST
Exchange: LSE
Founded: 2004
£714,206,348
1,035,081,664
Website: http://www.justgroupplc.co.uk
Address: Just Group Plc
Vale House,
Roebuck Close,
Reigate,
Surrey, RH2 7RU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE JUST Ordinary Shares London Stock Exchange GB GBP 12. Nov 2013
DB JR0 Ordinary Shares Deutsche Boerse AG DE EUR 12. Nov 2013
Number of employees
Current staff
Staff numbers
1,136
Just Group employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 22:15
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.