Big Yellow Group
Market Cap
UK£2.0b
Last Updated
2021/03/04 20:12 UTC
Data Sources
Company Financials +
Executive Summary
Big Yellow is the UK's brand leader in self storage. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has Big Yellow Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BYG is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BYG's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
BYG
0.1%
GB REITs
-0.3%
GB Market
1 Year Return
-1.3%
BYG
-39.3%
GB REITs
2.1%
GB Market
Return vs Industry: BYG exceeded the UK REITs industry which returned -41.1% over the past year.
Return vs Market: BYG underperformed the UK Market which returned 0.8% over the past year.
Shareholder returns
| BYG | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | 0.1% | -0.3% |
| 30 Day | -1.0% | 3.6% | 1.7% |
| 90 Day | 0.3% | 2.0% | 3.2% |
| 1 Year | 1.8%-1.3% | -8.1%-39.3% | 8.0%2.1% |
| 3 Year | 41.2%28.0% | -0.08%-1.7% | 9.9%-3.3% |
| 5 Year | 80.6%52.5% | 12.0%5.6% | 43.2%15.6% |
Long-Term Price Volatility Vs. Market
How volatile is Big Yellow Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Big Yellow Group (LON:BYG) Has Compensated Shareholders With A Respectable 77% Return On Their Investment1 month ago | Simply Wall St
Our Take On Big Yellow Group's (LON:BYG) CEO Salary2 months ago | Simply Wall St
Does Big Yellow Group Plc's (LON:BYG) Weak Fundamentals Mean That The Stock Could Move In The Opposite Direction?Valuation
Is Big Yellow Group undervalued compared to its fair value and its price relative to the market?
33.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BYG (£11.21) is trading above our estimate of fair value (£10.27)
Significantly Below Fair Value: BYG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BYG is poor value based on its PE Ratio (33.4x) compared to the GB REITs industry average (18x).
PE vs Market: BYG is poor value based on its PE Ratio (33.4x) compared to the UK market (24.2x).
Price to Earnings Growth Ratio
PEG Ratio: BYG is poor value based on its PEG Ratio (7.1x)
Price to Book Ratio
PB vs Industry: BYG is overvalued based on its PB Ratio (1.5x) compared to the GB REITs industry average (0.8x).
Next Steps
Future Growth
How is Big Yellow Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BYG's forecast earnings growth (4.7% per year) is above the savings rate (1%).
Earnings vs Market: BYG's earnings (4.7% per year) are forecast to grow slower than the UK market (23% per year).
High Growth Earnings: BYG's earnings are forecast to grow, but not significantly.
Revenue vs Market: BYG's revenue (5% per year) is forecast to grow slower than the UK market (7.4% per year).
High Growth Revenue: BYG's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BYG's Return on Equity is forecast to be low in 3 years time (5.9%).
Next Steps
Past Performance
How has Big Yellow Group performed over the past 5 years?
-2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYG has a large one-off loss of £14.6M impacting its September 30 2020 financial results.
Growing Profit Margin: BYG's current net profit margins (43.3%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: BYG's earnings have declined by 2.5% per year over the past 5 years.
Accelerating Growth: BYG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BYG had negative earnings growth (-64.6%) over the past year, making it difficult to compare to the REITs industry average (-4.2%).
Return on Equity
High ROE: BYG's Return on Equity (4.5%) is considered low.
Next Steps
Financial Health
How is Big Yellow Group's financial position?
Financial Position Analysis
Short Term Liabilities: BYG's short term assets (£14.4M) do not cover its short term liabilities (£42.2M).
Long Term Liabilities: BYG's short term assets (£14.4M) do not cover its long term liabilities (£309.3M).
Debt to Equity History and Analysis
Debt Level: BYG's debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: BYG's debt to equity ratio has reduced from 35.4% to 23.1% over the past 5 years.
Debt Coverage: BYG's debt is well covered by operating cash flow (27.1%).
Interest Coverage: BYG's interest payments on its debt are well covered by EBIT (8.6x coverage).
Balance Sheet
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Dividend
What is Big Yellow Group current dividend yield, its reliability and sustainability?
3.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BYG's dividend (3.02%) is higher than the bottom 25% of dividend payers in the UK market (1.45%).
High Dividend: BYG's dividend (3.02%) is low compared to the top 25% of dividend payers in the UK market (4.49%).
Stability and Growth of Payments
Stable Dividend: BYG's dividends per share have been stable in the past 10 years.
Growing Dividend: BYG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72%), BYG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BYG's dividends in 3 years are forecast to be covered by earnings (85% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Jim Gibson (59 yo)
22.5yrs
Tenure
UK£1,136,633
Compensation
Mr. James E. Gibson also known as Jim, Co-founded of Big Yellow Group PLC in September 1998 and has been its Chief Executive Officer and Executive Director since September 1998. Mr. Gibson was Finance Dire...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.59M) is about average for companies of similar size in the UK market ($USD2.01M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 17yrs | UK£1.01m | 3.86% £ 76.4m | |
| CEO & Director | 22.5yrs | UK£1.14m | 1.38% £ 27.3m | |
| CFO & Director | 13.5yrs | UK£846.64k | 0.14% £ 2.7m | |
| Operations Director & Director | 20.83yrs | UK£795.58k | no data | |
| Head of Marketing & E-Commerce | no data | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Head of IT | 5.08yrs | no data | no data | |
| Head of Facilities | no data | no data | no data | |
| Head of Store Operations | 5.67yrs | no data | no data | |
| Head of Development | 4.42yrs | no data | no data | |
| Head of Corporate Social Responsibility | 3.67yrs | no data | no data | |
| Head of Customer Services | 0.83yr | no data | no data |
5.4yrs
Average Tenure
54yo
Average Age
Experienced Management: BYG's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 17yrs | UK£1.01m | 3.86% £ 76.4m | |
| CEO & Director | 22.5yrs | UK£1.14m | 1.38% £ 27.3m | |
| CFO & Director | 13.5yrs | UK£846.64k | 0.14% £ 2.7m | |
| Operations Director & Director | 20.83yrs | UK£795.58k | no data | |
| Senior Independent Director | no data | UK£51.10k | 0.055% £ 1.1m | |
| Independent Non-Executive Director | 3.75yrs | UK£51.10k | 0.0017% £ 34.0k | |
| Independent Non-Executive Director | 3yrs | UK£51.10k | no data | |
| Independent Non-Executive Director | 0.67yr | no data | no data | |
| Non-Executive Director | no data | no data | no data |
13.5yrs
Average Tenure
59yo
Average Age
Experienced Board: BYG's board of directors are seasoned and experienced ( 13.5 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.
Top Shareholders
Company Information
Big Yellow Group Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Big Yellow Group Plc
- Ticker: BYG
- Exchange: LSE
- Founded: 1998
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: UK£1.978b
- Shares outstanding: 174.76m
- Website: https://www.bigyellow.co.uk
Number of Employees
Location
- Big Yellow Group Plc
- Unit 2, The Deans
- Bridge Road
- Bagshot
- Surrey
- GU19 5AT
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BYG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | May 2000 |
| B9Y | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2000 |
| BYLO.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2000 |
| BYGL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | May 2000 |
Biography
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 103 stores, including 25 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 20:12 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.