| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
BYG Overview
Big Yellow is the UK's brand leader in self storage.
Big Yellow Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£14.60 |
| 52 Week High | UK£10.00 |
| 52 Week Low | UK£15.88 |
| Beta | 0.47 |
| 1 Month Change | -3.82% |
| 3 Month Change | 14.69% |
| 1 Year Change | 38.78% |
| 3 Year Change | 51.22% |
| 5 Year Change | 88.39% |
| Change since IPO | 1,045.10% |
Recent News & Updates
Shareholder Returns
| BYG | GB REITs | GB Market | |
|---|---|---|---|
| 7D | -1.8% | -0.7% | -0.2% |
| 1Y | 38.8% | 27.9% | 19.4% |
Return vs Industry: BYG exceeded the UK REITs industry which returned 26.5% over the past year.
Return vs Market: BYG exceeded the UK Market which returned 19.2% over the past year.
Price Volatility
| BYG volatility | |
|---|---|
| BYG Beta | 0.47 |
| Industry Beta | 0.84 |
| Market Beta | 1 |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 412 | Jim Gibson | https://www.bigyellow.co.uk |
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 own a further 11 Big Yellow self storage development sites, of which eight have planning consent.
Valuation
Is Big Yellow Group undervalued compared to its fair value and its price relative to the market?
10.06x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BYG (£14.6) is trading above our estimate of fair value (£13.1)
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 (10.1x) compared to the UK REITs industry average (15.5x).
PE vs Market: BYG is good value based on its PE Ratio (10.1x) compared to the UK market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: BYG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BYG is overvalued based on its PB Ratio (1.8x) compared to the GB REITs industry average (0.9x).
Future Growth
How is Big Yellow Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-25.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BYG's earnings are forecast to decline over the next 3 years (-25.7% per year).
Earnings vs Market: BYG's earnings are forecast to decline over the next 3 years (-25.7% per year).
High Growth Earnings: BYG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BYG's revenue (6.1% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: BYG's revenue (6.1% 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 (5.2%).
Past Performance
How has Big Yellow Group performed over the past 5 years?
6.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYG has a large one-off gain of £191.8M impacting its March 31 2021 financial results.
Growing Profit Margin: BYG's current net profit margins are higher than last year (71.3%).
Past Earnings Growth Analysis
Earnings Trend: BYG's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: BYG's earnings growth over the past year (186.5%) exceeds its 5-year average (6.6% per year).
Earnings vs Industry: BYG earnings growth over the past year (186.5%) exceeded the REITs industry 46.5%.
Return on Equity
High ROE: BYG's Return on Equity (18.2%) is considered low.
Financial Health
How is Big Yellow Group's financial position?
Financial Position Analysis
Short Term Liabilities: BYG's short term assets (£20.5M) do not cover its short term liabilities (£39.2M).
Long Term Liabilities: BYG's short term assets (£20.5M) do not cover its long term liabilities (£349.2M).
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 37.7% to 23.1% over the past 5 years.
Debt Coverage: BYG's debt is well covered by operating cash flow (22.8%).
Interest Coverage: BYG's interest payments on its debt are well covered by EBIT (10.1x coverage).
Balance Sheet
Dividend
What is Big Yellow Group current dividend yield, its reliability and sustainability?
2.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BYG's dividend (2.33%) is higher than the bottom 25% of dividend payers in the UK market (1.32%).
High Dividend: BYG's dividend (2.33%) is low compared to the top 25% of dividend payers in the UK market (4%).
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: At its current payout ratio (76.7%), BYG's 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 (84.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Jim Gibson (60 yo)
18.17yrs
Tenure
UK£1,393,490
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 since July 2003 and Executive Director since September 1998. Mr. Gibson...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.92M) is about average for companies of similar size in the UK market ($USD1.67M).
Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: BYG's management team is seasoned and experienced (5.9 years average tenure).
Board Members
Experienced Board: BYG's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BYG insiders have only sold shares 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 4.7%.
Top Shareholders
Company Information
Big Yellow Group Plc's 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£2.669b
- Shares outstanding: 182.79m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/16 21:31 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.