AIM:LTG

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Learning Technologies Group

Executive Summary

Learning Technologies Group plc, through its subsidiaries, engages in software and platforms, content and service, and other businesses in the United Kingdom, Mainland Europe, the United States, Canada, the Asia Pacific, and internationally.


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LTG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.0%

LTG

0.3%

GB Software

1.8%

GB Market


1 Year Return

48.2%

LTG

-11.5%

GB Software

-12.2%

GB Market

Return vs Industry: LTG exceeded the UK Software industry which returned -12% over the past year.

Return vs Market: LTG exceeded the UK Market which returned -14.4% over the past year.


Shareholder returns

LTGIndustryMarket
7 Day-4.0%0.3%1.8%
30 Day2.9%8.9%6.5%
90 Day-2.8%-5.8%-9.9%
1 Year49.1%48.2%-9.6%-11.5%-8.0%-12.2%
3 Year174.2%170.3%-23.4%-35.1%-5.6%-17.2%
5 Year472.6%460.4%23.5%0.3%11.2%-13.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

82.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LTG (£1.34) is trading above our estimate of fair value (£0.84)

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


Price To Earnings Ratio

PE vs Industry: LTG is poor value based on its PE Ratio (82.2x) compared to the Software industry average (30.7x).

PE vs Market: LTG is poor value based on its PE Ratio (82.2x) compared to the UK market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: LTG is poor value based on its PEG Ratio (5.4x)


Price to Book Ratio

PB vs Industry: LTG is overvalued based on its PB Ratio (5.1x) compared to the GB Software industry average (2.9x).


Next Steps

Future Growth

How is Learning Technologies Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LTG's forecast earnings growth (15.2% per year) is above the savings rate (1.2%).

Earnings vs Market: LTG's earnings (15.2% per year) are forecast to grow slower than the UK market (20.1% per year).

High Growth Earnings: LTG's earnings are forecast to grow, but not significantly.

Revenue vs Market: LTG's revenue (4.6% per year) is forecast to grow faster than the UK market (3.7% per year).

High Growth Revenue: LTG's revenue (4.6% 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 LTG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Learning Technologies Group performed over the past 5 years?

64.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LTG has a large one-off loss of £4.0M impacting its December 31 2019 financial results.

Growing Profit Margin: LTG's current net profit margins (8.4%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: LTG has become profitable over the past 5 years, growing earnings by 64.4% per year.

Accelerating Growth: LTG's earnings growth over the past year (160.7%) exceeds its 5-year average (64.4% per year).

Earnings vs Industry: LTG earnings growth over the past year (160.7%) exceeded the Software industry 12.8%.


Return on Equity

High ROE: LTG's Return on Equity (6.2%) is considered low.


Next Steps

Financial Health

How is Learning Technologies Group's financial position?


Financial Position Analysis

Short Term Liabilities: LTG's short term assets (£78.5M) exceed its short term liabilities (£74.6M).

Long Term Liabilities: LTG's short term assets (£78.5M) exceed its long term liabilities (£75.5M).


Debt to Equity History and Analysis

Debt Level: LTG's debt to equity ratio (22%) is considered satisfactory.

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

Debt Coverage: LTG's debt is well covered by operating cash flow (96.8%).

Interest Coverage: LTG's interest payments on its debt are well covered by EBIT (10.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Learning Technologies Group's current dividend yield, its reliability and sustainability?

0.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LTG's dividend (0.56%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.04%).

High Dividend: LTG's dividend (0.56%) is low compared to the top 25% of dividend payers in the UK market (5.86%).


Stability and Growth of Payments

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

Growing Dividend: LTG 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: LTG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LTG'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?

5.3yrs

Average management tenure


CEO

Jonathan Satchell (52yo)

6.5yrs

Tenure

UK£525,000

Compensation

Mr. Jonathan Satchell has been the Chief Executive Officer and Executive Director at Learning Technologies Group plc (formerly, In-Deed Online Plc) since November 8, 2013. Mr. Satchell has been a Director ...


CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD648.10K) is below average for companies of similar size in the UK market ($USD1.23M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Satchell
CEO & Executive Director6.5yrsUK£525.00k11.19% £100.5m
Neil Elton
CFO & Director5.5yrsUK£438.00k0.065% £588.1k
Piers Lea
Chief Strategy Officer & Director5.92yrsUK£366.00k1.3% £11.7m
Claire Walsh
Head of Legal & Company Secretaryno datano datano data
Tim Martin
Chief Innovation & Product Officer2yrsno data0.29% £2.6m

5.3yrs

Average Tenure

52yo

Average Age

Experienced Management: LTG's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Satchell
CEO & Executive Director6.5yrsUK£525.00k11.19% £100.5m
Neil Elton
CFO & Director5.5yrsUK£438.00k0.065% £588.1k
Piers Lea
Chief Strategy Officer & Director5.92yrsUK£366.00k1.3% £11.7m
Leslie-Ann Reed
Independent Non-Executive Director5.92yrsUK£50.00k0.72% £6.5m
Andrew Brode
Non-Executive Chairman6.5yrsno data17.41% £156.4m
Aimie Chapple
Independent Non-Executive Director1.67yrsUK£52.00kno data

5.9yrs

Average Tenure

58yo

Average Age

Experienced Board: LTG's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LTG insiders have sold more shares than they have bought 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

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


Key Information

  • Name: Learning Technologies Group plc
  • Ticker: LTG
  • Exchange: AIM
  • Founded: 1986
  • Industry: Application Software
  • Sector: Software
  • Market Cap: UK£898.578m
  • Shares outstanding: 671.58m
  • Website: https://www.ltgplc.com

Number of Employees


Location

  • Learning Technologies Group plc
  • 15 Fetter Lane
  • London
  • EC4A 1BW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LTGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2013
LTGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2013

Biography

Learning Technologies Group plc, through its subsidiaries, engages in software and platforms, content and service, and other businesses in the United Kingdom, Mainland Europe, the United States, Canada, the Asia Pacific, and internationally. The company offers Rustici Software, an e-learning standards-based solutions; Gomo, a cloud-based authoring and distribution platform that enables customers to create and deliver e-learning content online, supporting team collaboration, and producing HTML5 content; Watershed, a SaaS learning analytics platform; Affirmity for affirmative action plans; and VectorVMS, a solution to manage non-employee labor through the full sourcing and management lifecycle. It also provides strategic consultancy for transformation through learning; and governance, risk, and compliance services for banks and investment banks. In addition, the company operates games studio that offer learning content focusing on play with purpose mission. Further, it offers BreezyHR, a talent acquisition software for small to medium sized businesses. Learning Technologies Group plc was founded in 1986 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 00:50
End of Day Share Price2020/05/27 00:00
Earnings2019/12/31
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.