AIM:SAL

Stock Analysis Report

Executive Summary

SpaceandPeople PLC markets and sells promotional and retail licensing space on behalf of shopping centers and other venues in the United Kingdom, Germany, and India.

Rewards

Trading at 80% below its fair value

Earnings are forecast to grow 107.74% per year

Risk Analysis

Does not have a meaningful market cap (£2M)

Dividend of 4.17% is not well covered by earnings



Snowflake Analysis

Excellent balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SAL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SAL

-1.1%

GB Media

-0.8%

GB Market


1 Year Return

-42.9%

SAL

10.5%

GB Media

8.5%

GB Market

Return vs Industry: SAL underperformed the UK Media industry which returned 10.5% over the past year.

Return vs Market: SAL underperformed the UK Market which returned 8.5% over the past year.


Shareholder returns

SALIndustryMarket
7 Day0%-1.1%-0.8%
30 Day0%-2.2%-0.3%
90 Day-14.3%-4.4%2.1%
1 Year-40.6%-42.9%14.7%10.5%14.1%8.5%
3 Year-41.1%-46.1%-6.9%-18.6%19.2%4.0%
5 Year-69.4%-73.9%14.4%-8.7%41.8%9.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SpaceandPeople 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: SAL (£0.12) is trading below our estimate of fair value (£0.6)

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


Price To Earnings Ratio

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

PE vs Market: SAL 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 SAL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SAL is good value based on its PB Ratio (0.3x) compared to the GB Media industry average (1.3x).


Next Steps

Future Growth

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

107.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: SAL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SAL's is expected to become profitable in the next 3 years.

Revenue vs Market: SAL's revenue (4.7% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: SAL's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAL's Return on Equity is forecast to be low in 3 years time (5.5%).


Next Steps

Past Performance

How has SpaceandPeople performed over the past 5 years?

-41.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAL is currently unprofitable.

Growing Profit Margin: SAL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SAL is unprofitable, and losses have increased over the past 5 years at a rate of -41.8% per year.

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

Earnings vs Industry: SAL is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (3.7%).


Return on Equity

High ROE: SAL has a negative Return on Equity (-7.11%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SpaceandPeople's financial position?


Financial Position Analysis

Short Term Liabilities: SAL's short term assets (£4.5M) exceed its short term liabilities (£3.5M).

Long Term Liabilities: SAL's short term assets (£4.5M) exceed its long term liabilities (£601.0K).


Debt to Equity History and Analysis

Debt Level: SAL's debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: SAL's debt to equity ratio has reduced from 13.9% to 5.5% over the past 5 years.

Debt Coverage: SAL's debt is well covered by operating cash flow (26.6%).

Interest Coverage: Insufficient data to determine if SAL's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: SAL has a low level of unsold assets or inventory.

Debt Coverage by Assets: SAL's debt is covered by short term assets (assets are 9.1x debt).


Next Steps

Dividend

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

4.17%

Current Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%2.0%markettop25%5.3%industryaverage4.0%forecastin3Years4.2%

Current dividend yield vs market & industry

Notable Dividend: SAL's dividend (4.17%) is higher than the bottom 25% of dividend payers in the UK market (1.96%).

High Dividend: SAL's dividend (4.17%) is low compared to the top 25% of dividend payers in the UK market (5.25%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: SAL's dividends in 3 years are forecast to be well covered by earnings (19.2% payout ratio).


Next Steps

Management

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

5.5yrs

Average board tenure


CEO

Matthew Bending (53yo)

0yrs

Tenure

UK£162,314

Compensation

Mr. Matthew John Bending, BA (Hons), serves as the Group Chief Executive Officer of Spaceandpeople plc and served as its Joint Managing Director. Mr. Bending is primarily responsible for the generation of  ...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD212.64K) is below average for companies of similar size in the UK market ($USD324.97K).

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


Board Age and Tenure

5.5yrs

Average Tenure

53yo

Average Age

Experienced Board: SAL's board of directors are considered experienced (5.5 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.


Ownership Breakdown

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


Management Team

  • Nancy Cullen (53yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: UK£152.41k
  • Matthew Bending (53yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: UK£162.31k
  • Gregor Dunlay (48yo)

    CFO, Company Secretary & Director

    • Tenure: 8.3yrs
    • Compensation: UK£149.41k
  • Paresh Khivesara

    Managing Director of Spaceandpeople India Operations

    • Tenure: 0yrs
  • Volker Skibbe

    Managing Director of Spaceandpeople - Germany Operations

    • Tenure: 0yrs

Board Members

  • W. Watt (51yo)

    Non-Executive Chairman

    • Tenure: 1.5yrs
    • Compensation: UK£25.00k
  • Nancy Cullen (53yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: UK£152.41k
  • Matthew Bending (53yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: UK£162.31k
  • Gregor Dunlay (48yo)

    CFO, Company Secretary & Director

    • Tenure: 8.3yrs
    • Compensation: UK£149.41k
  • Steve Curtis (59yo)

    Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: UK£22.50k

Company Information

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


Key Information

  • Name: SpaceandPeople plc
  • Ticker: SAL
  • Exchange: AIM
  • Founded: 2000
  • Industry: Advertising
  • Sector: Media
  • Market Cap: UK£2.342m
  • Shares outstanding: 19.52m
  • Website: https://www.spaceandpeople.co.uk

Number of Employees


Location

  • SpaceandPeople plc
  • 100 West Regent Street
  • 2nd Floor
  • Glasgow
  • Lanarkshire
  • G2 2QD
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SALAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2004

Biography

SpaceandPeople PLC markets and sells promotional and retail licensing space on behalf of shopping centers and other venues in the United Kingdom, Germany, and India. It operates in two segments, Promotiona ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/08 20:43
End of Day Share Price2019/12/06 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.