LSE:GOCO

Stock Analysis Report

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Executive Summary

GoCo Group plc operates Internet-based price comparison Websites for financial and non-financial products in the United Kingdom. More Details


Snowflake Analysis

High growth potential with imperfect balance sheet.

Share Price & News

How has GoCo Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GOCO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.0%

GOCO

-0.3%

GB Online Retail

-1.9%

GB Market


1 Year Return

-7.3%

GOCO

41.9%

GB Online Retail

-16.2%

GB Market

Return vs Industry: GOCO underperformed the UK Online Retail industry which returned 41.7% over the past year.

Return vs Market: GOCO exceeded the UK Market which returned -14.8% over the past year.


Shareholder returns

GOCOIndustryMarket
7 Day-5.0%-0.3%-1.9%
30 Day-15.9%-6.0%0.7%
90 Day-1.8%10.7%-4.8%
1 Year-6.4%-7.3%42.4%41.9%-13.0%-16.2%
3 Year0.2%-3.6%96.3%91.5%-9.4%-20.6%
5 Yearn/a180.3%165.1%13.5%-12.0%

Price Volatility Vs. Market

How volatile is GoCo Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GoCo Group undervalued compared to its fair value and its price relative to the market?

34.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GOCO (£0.93) is trading above our estimate of fair value (£0.68)

Significantly Below Fair Value: GOCO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GOCO is poor value based on its PE Ratio (34.3x) compared to the GB Online Retail industry average (28.7x).

PE vs Market: GOCO is poor value based on its PE Ratio (34.3x) compared to the UK market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: GOCO is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: GOCO has negative assets, so we can't compare its PB Ratio to the GB Online Retail industry average.


Next Steps

Future Growth

How is GoCo Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

38.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOCO's forecast earnings growth (38.7% per year) is above the savings rate (1.2%).

Earnings vs Market: GOCO's earnings (38.7% per year) are forecast to grow faster than the UK market (24.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GOCO's revenue (8.9% per year) is forecast to grow faster than the UK market (6% per year).

High Growth Revenue: GOCO's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GOCO's Return on Equity is forecast to be very high in 3 years time (135.1%).


Next Steps

Past Performance

How has GoCo Group performed over the past 5 years?

-3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOCO has high quality earnings.

Growing Profit Margin: GOCO's current net profit margins (7.2%) are lower than last year (13.2%).


Past Earnings Growth Analysis

Earnings Trend: GOCO's earnings have declined by 3.3% per year over the past 5 years.

Accelerating Growth: GOCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GOCO had negative earnings growth (-43.5%) over the past year, making it difficult to compare to the Online Retail industry average (-0.6%).


Return on Equity

High ROE: GOCO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is GoCo Group's financial position?


Financial Position Analysis

Short Term Liabilities: GOCO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GOCO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GOCO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GOCO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: GOCO's debt is well covered by operating cash flow (30%).

Interest Coverage: GOCO's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Next Steps

Dividend

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

0.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOCO's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: GOCO's dividend (0.96%) is low compared to the top 25% of dividend payers in the UK market (5.32%).


Stability and Growth of Payments

Stable Dividend: GOCO is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: GOCO is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: GOCO is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GOCO's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Matthew Crummack (50 yo)

no data

Tenure

UK£1,113,935

Compensation

Mr. Matthew Crummack has been Chief Executive Officer at Gocompare.com Limited since June 2016. Mr. Crummack serves as Executive Director of GoCo Group plc (formerly known as GoCompare.com Group plc) and s ...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD1.46M) is above average for companies of similar size in the UK market ($USD905.86K).

Compensation vs Earnings: Matthew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Crummack
CEO & Executive Directorno dataUK£1.11m0.026%
£ 101.0k
Alan Burns
CFO & Directorno datano datano data
Seb Chakraborty
Group Chief Technology Officer0.92yrno datano data
Chris Wensley
VP of Investor Relations & Strategy0.083yrno datano data
Nick Edwards
Chief of Staffno datano datano data
Victoria Rees
Senior Group Corporate Communications Manager0.75yrno datano data
Zoe Harris
CEO of AutoSave1.75yrsno datano data
Ian Rowlands
Vice President of Partnershipsno datano datano data
Clive Gilson
Vice President of Technologyno datano datano data

0.8yrs

Average Tenure

Experienced Management: GOCO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Matthew Crummack
CEO & Executive Directorno dataUK£1.11m0.026%
£ 101.0k
Alan Burns
CFO & Directorno datano datano data
Peter Wood
Chairman of the Board3.08yrsUK£250.00k29.66%
£ 116.7m
Zillah Byng-Thorne
Independent Non-Executive Director4.08yrsUK£80.50k0.021%
£ 83.3k
Ashley Steel
Independent Non-Executive Director3.08yrsUK£60.00k0.022%
£ 87.8k
Adrian Webb
Independent Non-Executive Director5.25yrsUK£60.42k0.25%
£ 970.5k
Angela Seymour-Jackson
Deputy Chairman & Senior Independent Director4.08yrsUK£127.41k0.014%
£ 55.9k
Joe Hurd
Independent Non-Executive Director2.67yrsUK£62.91k0.0067%
£ 26.2k
Nicholas Hugh
Independent Non-Executive Director1.67yrsUK£504.88k0.0050%
£ 19.7k

3.6yrs

Average Tenure

50yo

Average Age

Experienced Board: GOCO's board of directors are considered experienced (3.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

GoCo Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GoCo Group plc
  • Ticker: GOCO
  • Exchange: LSE
  • Founded: 2006
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: UK£393.397m
  • Shares outstanding: 421.65m
  • Website: https://www.gocogroup.com

Number of Employees


Location

  • GoCo Group plc
  • Imperial House
  • Imperial Way
  • Newport
  • Gwent
  • NP10 8UH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GOCOLSE (London Stock Exchange)YesOrdinary SharesGBGBPNov 2016
2G5DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2016
GOCOLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPNov 2016
GCOM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2016

Biography

GoCo Group plc operates Internet-based price comparison Websites for financial and non-financial products in the United Kingdom. The company’s Gocompare.com Website enables people to compare the costs and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 22:28
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.