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EQLS

Equals Group AIM:EQLS Stock Report

Last Price

UK£0.86

Market Cap

UK£154.8m

7D

0.6%

1Y

116.3%

Updated

24 May, 2022

Data

Company Financials +
EQLS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

EQLS Stock Overview

Equals Group plc, through its subsidiaries, provides foreign exchange payment services and banking services to private clients and corporations through prepaid currency cards, travel cash, international money transfers, and current accounts in the United Kingdom.

Rewards

Earnings are forecast to grow 120.51% per year

Risk Analysis

No risks detected for EQLS from our risk checks.

Equals Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Equals Group
Historical stock prices
Current Share PriceUK£0.86
52 Week HighUK£0.90
52 Week LowUK£0.40
Beta1.54
1 Month Change1.77%
3 Month Change16.11%
1 Year Change116.25%
3 Year Change-22.42%
5 Year Change42.98%
Change since IPO84.04%

Recent News & Updates

Shareholder Returns

EQLSGB ITGB Market
7D0.6%3.7%0.6%
1Y116.3%-16.5%-2.7%

Return vs Industry: EQLS exceeded the UK IT industry which returned -18.9% over the past year.

Return vs Market: EQLS exceeded the UK Market which returned -4% over the past year.

Price Volatility

Is EQLS's price volatile compared to industry and market?
EQLS volatility
EQLS Average Weekly Movement5.9%
IT Industry Average Movement6.7%
Market Average Movement6.0%
10% most volatile stocks in GB Market11.6%
10% least volatile stocks in GB Market3.1%

Stable Share Price: EQLS is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: EQLS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014248Ian Alexander Strafford-Taylorhttps://www.equalsplc.com

Equals Group plc, through its subsidiaries, provides foreign exchange payment services and banking services to private clients and corporations through prepaid currency cards, travel cash, international money transfers, and current accounts in the United Kingdom. It operates Equals Money, a platform which combines account-to-account payments, card payments, and current accounts; Equals Pay, a customer-facing international payments product; Equals Exchange, an internal dealing platform; CardOneMoney, a payment account from individuals and businesses; and FairFX. The company was formerly known as FairFX Group Plc and changed its name to Equals Group plc in June 2019.

Equals Group Fundamentals Summary

How do Equals Group's earnings and revenue compare to its market cap?
EQLS fundamental statistics
Market CapUK£154.84m
Earnings (TTM)-UK£2.42m
Revenue (TTM)UK£44.09m

3.5x

P/S Ratio

-64.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EQLS income statement (TTM)
RevenueUK£44.09m
Cost of RevenueUK£20.07m
Gross ProfitUK£24.02m
Other ExpensesUK£26.44m
Earnings-UK£2.42m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin54.48%
Net Profit Margin-5.50%
Debt/Equity Ratio4.9%

How did EQLS perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


3.81x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EQLS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate EQLS's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: EQLS is unprofitable, so we can't compare its PE Ratio to the UK IT industry average.

PE vs Market: EQLS is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EQLS's PB Ratio (3.8x) is in line with the GB IT industry average.


Future Growth

How is Equals Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


120.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

High Growth Earnings: EQLS's is expected to become profitable in the next 3 years.

Revenue vs Market: EQLS's revenue (19.3% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: EQLS's revenue (19.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EQLS's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Equals 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


-46.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EQLS is currently unprofitable.

Growing Profit Margin: EQLS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EQLS is unprofitable, and losses have increased over the past 5 years at a rate of 46.3% per year.

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

Earnings vs Industry: EQLS is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (26.7%).


Return on Equity

High ROE: EQLS has a negative Return on Equity (-5.5%), as it is currently unprofitable.


Financial Health

How is Equals 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: EQLS's short term assets (£24.5M) exceed its short term liabilities (£15.3M).

Long Term Liabilities: EQLS's short term assets (£24.5M) exceed its long term liabilities (£6.1M).


Debt to Equity History and Analysis

Debt Level: EQLS has more cash than its total debt.

Reducing Debt: Insufficient data to determine if EQLS's debt to equity ratio has reduced over the past 5 years.


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 EQLS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: EQLS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1.2% per year.


Dividend

What is Equals 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate EQLS'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 EQLS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EQLS'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 EQLS has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.2yrs

Average board tenure


CEO

Ian Alexander Strafford-Taylor (60 yo)

10.33yrs

Tenure

UK£651,976

Compensation

Mr. Ian Alexander Irving Strafford-Taylor serves as the Chief Executive Officer of Equals Group plc (formerly known as FairFX Group Plc) and served as its Company Secretary. Mr. Strafford-Taylor serves as...


CEO Compensation Analysis

Compensation vs Market: Ian Alexander's total compensation ($USD819.76K) is about average for companies of similar size in the UK market ($USD667.45K).

Compensation vs Earnings: Ian Alexander's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: EQLS's board of directors are not considered experienced ( 2.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Equals Group plc
  • Ticker: EQLS
  • Exchange: AIM
  • Founded: 2014
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Implied Market Cap: UK£154.839m
  • Shares outstanding: 180.05m
  • Website: https://www.equalsplc.com

Number of Employees


Location

  • Equals Group plc
  • Thames House
  • 3rd Floor
  • London
  • Greater London
  • EC4V 3BJ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.