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ATG

Auction Technology Group LSE:ATG Stock Report

Last Price

UK£9.19

Market Cap

UK£1.1b

7D

-2.3%

1Y

-22.1%

Updated

06 Jul, 2022

Data

Company Financials +
ATG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

ATG Stock Overview

Auction Technology Group plc operates marketplaces and a proprietary auction platform primarily in the United Kingdom, North America, and Germany.

Auction Technology Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Auction Technology Group
Historical stock prices
Current Share PriceUK£9.19
52 Week HighUK£16.80
52 Week LowUK£7.12
Beta0
1 Month Change-6.70%
3 Month Change-11.12%
1 Year Change-22.12%
3 Year Changen/a
5 Year Changen/a
Change since IPO14.88%

Recent News & Updates

Shareholder Returns

ATGGB Online RetailGB Market
7D-2.3%-3.9%-4.3%
1Y-22.1%-77.2%-10.9%

Return vs Industry: ATG exceeded the UK Online Retail industry which returned -77.2% over the past year.

Return vs Market: ATG underperformed the UK Market which returned -10.9% over the past year.

Price Volatility

Is ATG's price volatile compared to industry and market?
ATG volatility
ATG Average Weekly Movement7.3%
Online Retail Industry Average Movement9.6%
Market Average Movement5.3%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

Stable Share Price: ATG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ATG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1971243John-Paul Savanthttps://www.auctiontechnologygroup.com

Auction Technology Group plc operates marketplaces and a proprietary auction platform primarily in the United Kingdom, North America, and Germany. The company operates through four segments: Arts and Antiques, Industrial and Commercial, Auction Services, and Content. It offers watches, jewellery, furniture, fine art, decorative art, classic cars, collectables, and fashion products; used equipment, commercial vehicles, and machineries for used in laboratories and pharmaceuticals, warehousing, oil and gas, real estate, construction, agriculture, plastic moulding, metalworking, woodworking, and food and beverage production industries; and electronics, apparel, homeware, and furniture products.

Auction Technology Group Fundamentals Summary

How do Auction Technology Group's earnings and revenue compare to its market cap?
ATG fundamental statistics
Market CapUK£1.07b
Earnings (TTM)-UK£1.77m
Revenue (TTM)UK£93.33m

11.9x

P/S Ratio

-625.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATG income statement (TTM)
RevenueUK£93.33m
Cost of RevenueUK£31.70m
Gross ProfitUK£61.63m
Other ExpensesUK£63.40m
Earnings-UK£1.77m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.015
Gross Margin66.03%
Net Profit Margin-1.90%
Debt/Equity Ratio32.1%

How did ATG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ATG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATG?

Other financial metrics that can be useful for relative valuation.

ATG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.7x
Enterprise Value/EBITDA66.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ATG's PS Ratio compare to its peers?

ATG PS Ratio vs Peers
The above table shows the PS ratio for ATG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1x
THG THG
0.5x15.3%UK£998.9m
ASC ASOS
0.2x11.1%UK£909.3m
MOON Moonpig Group
2.4x12.9%UK£730.1m
ROO Deliveroo
1x16.2%UK£1.8b
ATG Auction Technology Group
11.9x18.9%UK£1.1b

Price-To-Sales vs Peers: ATG is expensive based on its Price-To-Sales Ratio (11.9x) compared to the peer average (1x).


Price to Earnings Ratio vs Industry

How does ATG's PE Ratio compare vs other companies in the GB Online Retail Industry?

Price-To-Sales vs Industry: ATG is expensive based on its Price-To-Sales Ratio (11.9x) compared to the UK Online Retail industry average (0.5x)


Price to Sales Ratio vs Fair Ratio

What is ATG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.9x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: ATG is expensive based on its Price-To-Sales Ratio (11.9x) compared to the estimated Fair Price-To-Sales Ratio (3x).


Share Price vs Fair Value

What is the Fair Price of ATG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATG (£9.19) is trading below our estimate of fair value (£11.33)

Significantly Below Fair Value: ATG is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ATG's PEG Ratio to determine if it is good value.


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Future Growth

How is Auction Technology Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


79.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

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

High Growth Earnings: ATG is expected to become profitable in the next 3 years.

Revenue vs Market: ATG's revenue (18.9% per year) is forecast to grow faster than the UK market (4.2% per year).

High Growth Revenue: ATG's revenue (18.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATG's Return on Equity is forecast to be low in 3 years time (11.1%).


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Past Performance

How has Auction Technology Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATG is currently unprofitable.

Growing Profit Margin: ATG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATG is unprofitable, and losses have increased over the past 5 years at a rate of 19.4% per year.

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

Earnings vs Industry: ATG is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (-14.5%).


Return on Equity

High ROE: ATG has a negative Return on Equity (-0.37%), as it is currently unprofitable.


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Financial Health

How is Auction Technology Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ATG's short term assets (£52.1M) exceed its short term liabilities (£36.9M).

Long Term Liabilities: ATG's short term assets (£52.1M) do not cover its long term liabilities (£193.4M).


Debt to Equity History and Analysis

Debt Level: ATG's net debt to equity ratio (24.8%) is considered satisfactory.

Reducing Debt: ATG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ATG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ATG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.4% per year.


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Dividend

What is Auction Technology Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ATG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ATG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ATG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATG's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ATG has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.5yrs

Average management tenure


CEO

John-Paul Savant (51 yo)

6.42yrs

Tenure

UK£751,120

Compensation

Mr. John-Paul Savant serves as Chief Executive Officer at Auction Topco Limited since February 2016 and also serves as its Director. He serves as Chief Executive Officer at Auction Technology Group plc sin...


CEO Compensation Analysis

Compensation vs Market: John-Paul's total compensation ($USD894.18K) is below average for companies of similar size in the UK market ($USD2.05M).

Compensation vs Earnings: Insufficient data to compare John-Paul's compensation with company performance.


Leadership Team

Experienced Management: ATG's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: ATG's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.5%.


Top Shareholders

Company Information

Auction Technology Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Auction Technology Group plc
  • Ticker: ATG
  • Exchange: LSE
  • Founded: 1971
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Implied Market Cap: UK£1.068b
  • Shares outstanding: 120.53m
  • Website: https://www.auctiontechnologygroup.com

Number of Employees


Location

  • Auction Technology Group plc
  • Harlequin Building
  • 65 Southwark Street
  • London
  • Greater London
  • SE1 0HR
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.