BYG

Big Yellow GroupLSE:BYG Stock Report

Market Cap

UK£2.7b

7D

-1.8%

1Y

38.8%

Updated

16 Sep, 2021

Data

Company Financials +

Big Yellow Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Big Yellow Group
Historical stock prices
Current Share PriceUK£14.60
52 Week HighUK£10.00
52 Week LowUK£15.88
Beta0.47
1 Month Change-3.82%
3 Month Change14.69%
1 Year Change38.78%
3 Year Change51.22%
5 Year Change88.39%
Change since IPO1,045.10%

Recent News & Updates

Shareholder Returns

BYGGB REITsGB Market
7D-1.8%-0.7%-0.2%
1Y38.8%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

Is BYG's price volatile compared to industry and market?
BYG volatility
BYG Beta0.47
Industry Beta0.84
Market Beta1

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

FoundedEmployeesCEOWebsite
1998412Jim Gibsonhttps://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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:31
End of Day Share Price2021/09/16 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.