Big Yellow Group
Market Cap
UK£1.8b
Last Updated
2019/11/20 20:36 UTC
Data Sources
Company Financials +
Executive Summary
Big Yellow is the UK's brand leader in self storage.
Snowflake
Fundamentals
Second-rate dividend payer and slightly overvalued.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.2%
BYG
1.8%
GB REITs
-0.07%
GB Market
1 Year Return
17.8%
BYG
9.2%
GB REITs
6.0%
GB Market
Return vs Industry: BYG exceeded the UK REITs industry which returned 9.2% over the past year.
Return vs Market: BYG exceeded the UK Market which returned 6% over the past year.
Shareholder returns
| BYG | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.2% | 1.8% | -0.07% |
| 30 Day | -4.0% | -0.4% | 2.2% |
| 90 Day | 8.5% | 13.6% | 3.8% |
| 1 Year | 22.0%17.8% | 14.0%9.2% | 11.5%6.0% |
| 3 Year | 88.1%68.9% | 30.7%12.4% | 22.0%6.6% |
| 5 Year | 123.0%87.5% | 32.5%6.3% | 33.5%3.3% |
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
6 days ago | Simply Wall St
Have Insiders Been Selling Big Yellow Group Plc (LON:BYG) Shares This Year?3 months ago | Simply Wall St
Is Big Yellow Group Plc (LON:BYG) A Healthy REIT?4 months ago | Simply Wall St
Announcing: Big Yellow Group (LON:BYG) Stock Increased An Energizing 107% In The Last Five YearsValuation
Is Big Yellow Group undervalued compared to its fair value and its price relative to the market?
14.12x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BYG (£11.06) is trading above our estimate of fair value (£10.14)
Significantly Below Fair Value: BYG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BYG is good value based on its PE Ratio (14.1x) compared to the REITs industry average (14.4x).
PE vs Market: BYG is good value based on its PE Ratio (14.1x) compared to the UK market (17x).
Price to Earnings Growth Ratio
PEG Ratio: BYG is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: BYG is overvalued based on its PB Ratio (1.6x) compared to the GB REITs industry average (1x).
Next Steps
Future Growth
How is Big Yellow Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
10.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BYG's forecast earnings growth (10.3% per year) is above the savings rate (1.2%).
Earnings vs Market: BYG's earnings (10.3% per year) are forecast to grow slower than the UK market (12.6% per year).
High Growth Earnings: BYG's earnings are forecast to grow, but not significantly.
Revenue vs Market: BYG's revenue (5.3% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: BYG's revenue (5.3% 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 (6.4%).
Next Steps
Past Performance
How has Big Yellow Group performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYG has large one-off items impacting its financial results.
Growing Profit Margin: BYG's current net profit margins (100.3%) are lower than last year (113.8%).
Past Earnings Growth Analysis
Earnings Trend: BYG's earnings have grown by 10.1% 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 (-5.3%) over the past year, making it difficult to compare to the REITs industry average (-16.8%).
Return on Equity
High ROE: BYG's Return on Equity (11.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Big Yellow Group'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: BYG has a high level of physical assets or inventory.
Debt Coverage by Assets: BYG's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: BYG's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if BYG has a sufficient allowance for bad loans.
Low Risk Liabilities: BYG reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if BYG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BYG has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if BYG has an appropriate level of bad loans.
Next Steps
Dividend
What is Big Yellow Group's current dividend yield, its reliability and sustainability?
3.00%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BYG's dividend (3%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).
High Dividend: BYG's dividend (3%) is low compared to the top 25% of dividend payers in the UK market (5.38%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BYG has been paying a dividend for less than 10 years.
Growing Dividend: BYG's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.5%), 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 thoroughly covered by earnings (0.5% payout ratio).
Next Steps
Management
What is the CEO of Big Yellow Group's salary, the management and board of directors tenure and is there insider trading?
12.4yrs
Average management tenure
CEO
Jim Gibson (58yo)
21.2yrs
Tenure
UK£1,182,482
Compensation
Mr. James Gibson 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 Director of Heron Property ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.53M) is about average for companies of similar size in the UK market ($USD1.84M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Management Age and Tenure
12.4yrs
Average Tenure
53yo
Average Age
Experienced Management: BYG's management team is seasoned and experienced (12.4 years average tenure).
Board Age and Tenure
10.7yrs
Average Tenure
55yo
Average Age
Experienced Board: BYG's board of directors are seasoned and experienced ( 10.7 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.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Senior Independent Director |
| Shares | 3,763 |
| Max Price | UK£10.24 |
| Entity | Individual |
| Role | Lead Director Senior Independent Director |
| Shares | 3,763 |
| Max Price | UK£10.24 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman of the Board |
| Shares | 375,407 |
| Max Price | UK£9.84 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman of the Board |
| Shares | 490,829 |
| Max Price | UK£9.88 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
Management Team
Adrian Lee (53yo)
Operations Director & Director
- Tenure: 19.5yrs
- Compensation: UK£863.11k
Nick Vetch (58yo)
Executive Chairman of the Board
- Tenure: 15.7yrs
- Compensation: UK£1.06m
Cheryl Hathaway (53yo)
Head of Human Resources
- Tenure: 0yrs
Stuart Grinnall (44yo)
Head of IT
- Tenure: 3.8yrs
Jim Gibson (58yo)
CEO & Director
- Tenure: 21.2yrs
- Compensation: UK£1.18m
David Knight (55yo)
Head of Facilities
- Tenure: 0yrs
John Trotman (41yo)
CFO & Director
- Tenure: 12.2yrs
- Compensation: UK£871.71k
Tom Wilcockson (62yo)
Head of New Business Development & Director of International Franchise
- Tenure: 0yrs
Anthony Chenery (47yo)
Head of Marketing & E-Commerce
- Tenure: 0yrs
Nicola Crosby
Head of Store Operations
- Tenure: 4.3yrs
Board Members
Adrian Lee (53yo)
Operations Director & Director
- Tenure: 19.5yrs
- Compensation: UK£863.11k
Nick Vetch (58yo)
Executive Chairman of the Board
- Tenure: 15.7yrs
- Compensation: UK£1.06m
Jim Gibson (58yo)
CEO & Director
- Tenure: 21.2yrs
- Compensation: UK£1.18m
Georgina Harvey (54yo)
Non-Executive Director
- Tenure: 6.3yrs
- Compensation: UK£45.10k
Steve Johnson (55yo)
Non-Executive Director
- Tenure: 9.2yrs
- Compensation: UK£40.00k
Richard Cotton (64yo)
Senior Independent Director
- Tenure: 0yrs
- Compensation: UK£45.10k
John Trotman (41yo)
CFO & Director
- Tenure: 12.2yrs
- Compensation: UK£871.71k
Vince Niblett (61yo)
Non-Executive Director
- Tenure: 2.4yrs
- Compensation: UK£45.10k
Anna Keay (45yo)
Non-Executive Director
- Tenure: 1.7yrs
- Compensation: UK£40.00k
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£1.836b
- Shares outstanding: 166.01m
- Website: https://www.bigyellow.co.uk
Number of Employees
Location
- Big Yellow Group Plc
- Unit 2, The Deans
- Bridge Road, Bagshot
- Bagshot
- East Lothian
- 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 100 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 | 2019/11/20 20:36 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.