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Sanderson Group

AIM:SND
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SND
AIM
£60M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

Sanderson Group plc provides software solutions and information technology services for the multi-channel retail, manufacturing, wholesale distribution, and logistics businesses primarily in the United Kingdom and Ireland. The last earnings update was 126 days ago. More info.


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SND Share Price and Events
7 Day Returns
-1.5%
AIM:SND
0.5%
GB IT
1.5%
GB Market
1 Year Returns
13.1%
AIM:SND
-0.2%
GB IT
2.1%
GB Market
SND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sanderson Group (SND) -1.5% 4.2% 5.3% 13.1% 23.6% 30.9%
GB IT 0.5% 7.4% 13.9% -0.2% 55.7% -5.1%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • SND outperformed the IT industry which returned -0.2% over the past year.
  • SND outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
SND
Industry
5yr Volatility vs Market

SND Value

 Is Sanderson Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sanderson Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sanderson Group.

AIM:SND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:SND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.056 (1 + (1- 19%) (8.11%))
1.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.084 * 6.65%)
8.44%

Discounted Cash Flow Calculation for AIM:SND using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sanderson Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:SND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.44%)
2019 4.05 Est @ 6.29% 3.73
2020 4.24 Est @ 4.77% 3.61
2021 4.40 Est @ 3.71% 3.45
2022 4.53 Est @ 2.96% 3.27
2023 4.64 Est @ 2.44% 3.09
2024 4.73 Est @ 2.08% 2.91
2025 4.82 Est @ 1.82% 2.73
2026 4.90 Est @ 1.64% 2.56
2027 4.97 Est @ 1.52% 2.40
2028 5.05 Est @ 1.43% 2.24
Present value of next 10 years cash flows £30.01
AIM:SND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £5.05 × (1 + 1.23%) ÷ (8.44% – 1.23%)
£70.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £70.85 ÷ (1 + 8.44%)10
£31.52
AIM:SND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £30.01 + £31.52
£61.53
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £61.53 / 59.97
£1.03
AIM:SND Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.03
Current discount Discount to share price of £1.00
= -1 x (£1.00 - £1.03) / £1.03
3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sanderson Group is available for.
Intrinsic value
3%
Share price is £1 vs Future cash flow value of £1.03
Current Discount Checks
For Sanderson Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sanderson Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sanderson Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sanderson Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sanderson Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.05
AIM:SND Share Price ** AIM (2019-04-24) in GBP £1
United Kingdom of Great Britain and Northern Ireland IT Industry PE Ratio Median Figure of 24 Publicly-Listed IT Companies 27.44x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sanderson Group.

AIM:SND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SND Share Price ÷ EPS (both in GBP)

= 1 ÷ 0.05

19.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sanderson Group is good value based on earnings compared to the GB IT industry average.
  • Sanderson Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sanderson Group's expected growth come at a high price?
Raw Data
AIM:SND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland IT Industry PEG Ratio Median Figure of 17 Publicly-Listed IT Companies 1.49x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sanderson Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sanderson Group's assets?
Raw Data
AIM:SND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.57
AIM:SND Share Price * AIM (2019-04-24) in GBP £1
United Kingdom of Great Britain and Northern Ireland IT Industry PB Ratio Median Figure of 45 Publicly-Listed IT Companies 3.64x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
AIM:SND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SND Share Price ÷ Book Value per Share (both in GBP)

= 1 ÷ 0.57

1.74x

* Primary Listing of Sanderson Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sanderson Group is good value based on assets compared to the GB IT industry average.
X
Value checks
We assess Sanderson Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Sanderson Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SND Future Performance

 How is Sanderson Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Sanderson Group expected to grow at an attractive rate?
  • Unable to compare Sanderson Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sanderson Group's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Sanderson Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:SND Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:SND Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.9%
United Kingdom of Great Britain and Northern Ireland IT Industry Earnings Growth Rate Market Cap Weighted Average 14.3%
United Kingdom of Great Britain and Northern Ireland IT Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:SND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:SND Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 38 1
2020-09-30 36 2
2019-09-30 34 2
AIM:SND Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 32 5 3
2018-06-30 29 5 3
2018-03-31 25 5 3
2017-12-31 23 5 3
2017-09-30 22 4 3
2017-06-30 22 4 3
2017-03-31 22 4 2
2016-12-31 22 4 2
2016-09-30 21 4 2
2016-06-30 21 4 2
2016-03-31 20 3 2
2015-12-31 20 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sanderson Group is high growth as no earnings estimate data is available.
  • Sanderson Group's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:SND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Sanderson Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SND Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30
2020-09-30
2019-09-30
AIM:SND Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.05
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.06
2017-09-30 0.05
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.04
2016-03-31 0.04
2015-12-31 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sanderson Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sanderson Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sanderson Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SND Past Performance

  How has Sanderson Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sanderson Group's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sanderson Group's year on year earnings growth rate has been positive over the past 5 years.
  • Sanderson Group's 1-year earnings growth is less than its 5-year average (5.5% vs 16.3%)
  • Sanderson Group's earnings growth has not exceeded the GB IT industry average in the past year (5.5% vs 23%).
Earnings and Revenue History
Sanderson Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sanderson Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SND Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 32.05 3.03 10.21 11.76
2018-06-30 28.66 3.18 8.28 10.16
2018-03-31 25.27 3.33 6.47 8.57
2017-12-31 23.41 3.10 6.47 8.57
2017-09-30 21.56 2.87 6.36 8.57
2017-06-30 21.96 2.61 6.50 8.50
2017-03-31 22.36 2.36 6.65 8.43
2016-12-31 21.84 2.39 6.65 8.43
2016-09-30 21.32 2.43 6.65 8.43
2016-06-30 20.64 2.20 6.39 8.14
2016-03-31 19.95 1.97 6.12 7.86
2015-12-31 19.57 1.92 6.12 7.86
2015-09-30 19.18 1.87 6.12 7.86
2015-06-30 18.37 1.79 5.86 7.09
2015-03-31 17.56 1.71 5.59 6.32
2014-12-31 16.99 1.66 5.59 6.32
2014-09-30 16.41 1.60 5.59 6.32
2014-06-30 15.90 1.60 5.22 5.81
2014-03-31 15.40 1.61 4.85 5.30
2013-12-31 14.61 1.65 4.85 5.30
2013-09-30 13.83 1.69 4.85 5.30
2013-06-30 13.71 1.81 4.59 5.15
2013-03-31 13.60 1.93 4.33 4.99
2012-12-31 13.49 1.62 4.36 4.99
2012-09-30 13.37 1.30 4.38 4.99
2012-06-30 13.27 0.84 4.71 4.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sanderson Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sanderson Group used its assets less efficiently than the GB IT industry average last year based on Return on Assets.
  • Sanderson Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sanderson Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sanderson Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SND Health

 How is Sanderson Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sanderson Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sanderson Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sanderson Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sanderson Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sanderson Group Company Filings, last reported 6 months ago.

AIM:SND Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 34.38 4.84 6.47
2018-06-30 34.38 4.84 6.47
2018-03-31 31.48 4.71 5.27
2017-12-31 31.48 4.71 5.27
2017-09-30 27.93 0.00 6.36
2017-06-30 27.93 0.00 6.36
2017-03-31 25.09 0.00 4.71
2016-12-31 25.09 0.00 4.71
2016-09-30 24.93 0.00 4.55
2016-06-30 24.93 0.00 4.55
2016-03-31 26.93 0.00 3.58
2015-12-31 26.93 0.00 3.58
2015-09-30 26.63 0.00 4.80
2015-06-30 26.63 0.00 4.80
2015-03-31 26.18 0.00 4.15
2014-12-31 26.18 0.00 4.15
2014-09-30 25.82 0.00 6.38
2014-06-30 25.82 0.00 6.38
2014-03-31 25.38 0.00 5.31
2013-12-31 25.38 0.00 5.31
2013-09-30 20.90 0.00 3.87
2013-06-30 20.90 0.00 3.87
2013-03-31 20.62 0.00 4.67
2012-12-31 20.62 0.00 4.67
2012-09-30 20.03 0.00 4.20
2012-06-30 20.03 0.00 4.20
  • Sanderson Group's level of debt (14.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 14.1% today).
  • Debt is well covered by operating cash flow (109.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.5x coverage).
X
Financial health checks
We assess Sanderson Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sanderson Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SND Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.02%
Current annual income from Sanderson Group dividends. Estimated to be 3.52% next year.
If you bought £2,000 of Sanderson Group shares you are expected to receive £60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sanderson Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Sanderson Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:SND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland IT Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:SND Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.04 1.00
2020-09-30 0.04 2.00
2019-09-30 0.03 2.00
AIM:SND Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-12-19 0.030 3.184
2018-11-26 0.030 3.248
2017-12-19 0.027 2.960
2017-11-28 0.027 3.318
2016-12-23 0.024 3.281
2016-11-30 0.024 3.404
2015-12-29 0.021 2.835
2015-12-01 0.021 2.951
2014-11-25 0.018 2.715
2014-11-24 0.018 2.591
2013-11-26 0.015 2.197
2013-11-25 0.015 2.146
2013-06-05 0.014 2.430
2012-12-13 0.014 2.764
2012-11-27 0.014 2.914
2012-05-15 0.012 2.998
2011-11-28 0.008 2.195
2010-11-30 0.007 2.350
2010-05-17 0.005 2.038
2009-12-07 0.004 1.818
2009-09-30 0.004 2.260
2009-08-03 0.004 2.485

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sanderson Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Sanderson Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sanderson Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sanderson Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SND Management

 What is the CEO of Sanderson Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ian Newcombe
COMPENSATION £449,000
AGE 63
TENURE AS CEO 3.8 years
CEO Bio

Mr. Ian Newcombe has been the Chief Executive Officer of Sanderson Group Plc since June 2015 and served as its Member of Operating Board. Mr. Newcombe served as a Managing Director of Multi-Channel Solutions at Sanderson Group Plc since 2005 until June 2015. Mr. Newcombe served as Senior Executive of Multi-Channel Solutions of Sanderson Group Plc. since February 2009. He has over 30 years' experience in software and IT services. Beginning his career in electronics, he movedinto the computer industry in 1979 when he joined ACT Group plc, where as a local board member, he helpedestablish an international IT support and software services business. In 1996, he joined Mitsubishi Electric ofJapan at UK board level. As International Project Director, he was instrumental in the formation of an ISP(Internet Service Provider) and online financial services business, successfully launching a range of innovativeproducts in the UK and Europe. In 1999, Mr. Newcombe was appointed Consulting Director of Talgentra Ltd., where hedeveloped a new consulting services business which rapidly expanded overseas. He has been a Director of Sanderson Group Plc since January 3, 2013.

CEO Compensation
  • Ian's compensation has increased by more than 20% in the past year.
  • Ian's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Sanderson Group management team in years:

5.3
Average Tenure
63
Average Age
  • The average tenure for the Sanderson Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Christopher Winn

TITLE
Executive Chairman
COMPENSATION
£369K
AGE
68

Ian Newcombe

TITLE
Group CEO & Director
COMPENSATION
£449K
AGE
63
TENURE
3.8 yrs

Richard Mogg

TITLE
Finance Director
COMPENSATION
£209K
AGE
42
TENURE
1.5 yrs

Kate Simpson

TITLE
Head of Marketing
TENURE
16.3 yrs

Mike Gallagher

TITLE
Sales Director of Manufacturing
TENURE
5.3 yrs

Roger Stares

TITLE
Managing Director of Food & Drink
TENURE
12.3 yrs

Mark Adamson

TITLE
Divisional Managing Director Wholesale

David Hague

TITLE
Chief Technology Officer of One iota

Christian Brooks

TITLE
Managing Director - One Iota

Dave Renshaw

TITLE
Chief Executive Officer of the Anisa Supply Chain Solutions Division
Board of Directors Tenure

Average tenure and age of the Sanderson Group board of directors in years:

5
Average Tenure
66
Average Age
  • The tenure for the Sanderson Group board of directors is about average.
Board of Directors

Christopher Winn

TITLE
Executive Chairman
COMPENSATION
£369K
AGE
68

Ian Newcombe

TITLE
Group CEO & Director
COMPENSATION
£449K
AGE
63
TENURE
6.3 yrs

Richard Mogg

TITLE
Finance Director
COMPENSATION
£209K
AGE
42
TENURE
2.3 yrs

John Paterson

TITLE
Non Executive Director
COMPENSATION
£34K
AGE
72
TENURE
15.3 yrs

David Gutteridge

TITLE
Non-Executive Director
COMPENSATION
£34K
AGE
66
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Sanderson Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sanderson Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SND News

Simply Wall St News

Is Sanderson Group plc's (LON:SND) 8.8% ROE Worse Than Average?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.088 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Sanderson Group plc's (LON:SND) Past Performance Indicate A Stronger Future?

When Sanderson Group plc (LON:SND) released its most recent earnings update (30 September 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … SND's trailing twelve-month earnings (from 30 September 2018) of UK£3.0m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 16%, indicating the rate at which SND is growing has slowed down

Simply Wall St -

Read This Before You Buy Sanderson Group plc (LON:SND) Because Of Its P/E Ratio

We'll show how you can use Sanderson Group plc's (LON:SND) P/E ratio to inform your assessment of the investment opportunity. … Sanderson Group has a P/E ratio of 18.75, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Sanderson Group plc's (LON:SND) CEO Pay Matter?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Sanderson Group plc has a market capitalization of UK£56m, and pays its CEO total annual compensation worth UK£449k. … We took a group of companies with market capitalizations below UK£151m, and calculated the median CEO compensation to be UK£233k.

Simply Wall St -

Why Sanderson Group plc (LON:SND) Is An Attractive Investment To Consider

Help shape the future of investing tools and receive a $20 prize! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Sanderson Group plc (LON:SND): 4 Days To Buy Before The Ex-Dividend Date

Investors who want to cash in on Sanderson Group plc's (LON:SND) upcoming dividend of UK£0.018 per share have only 4 days left to buy the shares before its ex-dividend date, 14 February 2019, in time for dividends payable on the 01 March 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Sanderson Group's latest financial data to analyse its dividend characteristics. … Based on future earnings growth, will it be able to continue to payout dividend at the current rate

Simply Wall St -

How Financially Strong Is Sanderson Group plc (LON:SND)?

While small-cap stocks, such as Sanderson Group plc (LON:SND) with its market cap of UK£57m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Should Sanderson Group plc (LON:SND) Be Part Of Your Portfolio?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Let's take a look at Sanderson Group in more detail. … View our latest analysis for Sanderson Group?

Simply Wall St -

Has Sanderson Group plc (LON:SND) Improved Earnings Growth In Recent Times?

Today I will assess SND's recent performance announced on 30 September 2018 and evaluate these figures to its longer term trend and industry movements. … How Did SND's Recent Performance Stack Up Against Its Past. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 16%, indicating the rate at which SND is growing has slowed down

Simply Wall St -

A Note On Sanderson Group plc's (LON:SND) ROE and Debt To Equity

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Sanderson Group has a return on equity of 8.8% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

SND Company Info

Description

Sanderson Group plc provides software solutions and information technology services for the multi-channel retail, manufacturing, wholesale distribution, and logistics businesses primarily in the United Kingdom and Ireland. It operates in the Digital Retail and Enterprise divisions. The company’s multi-channel retail software includes e-commerce, electronic point of sale (POS) and mobile POS retail, in-store technology, multi-channel mail order/catalogue/call center, multi-channel order management, retail CRM and marketing, and supply chain and specialist warehouse management software solutions; and buying and merchandising, retail financial, and retail business analytics software solutions, as well as Elucid, Priam, Priam Fulfilment, and One iota software solutions. It also offers food and drink manufacturing enterprise resource planning (ERP) software systems that include technical, operations, sales, and financial and administration software products. In addition, the company provides wholesale distribution software, such as sales ordering and telesales, purchase ordering, cash and carry tills, stock and warehouse management, radio frequency and voice directed warehouse management software, bonded warehousing, integrated financial, and business intelligence solutions; and mobile customer app, Web ordering, electronic proof of delivery systems, mobile CRM, and Van Sales solutions for wholesalers. Further, it provides manufacturing operations ERP/material requirements planning software comprising operations, commerce, supply chain management, finance and control, and small business ERP software products. The company was founded in 1983 and is headquartered in Coventry, the United Kingdom.

Details
Name: Sanderson Group plc
SND
Exchange: AIM
Founded: 1983
£59,672,621
59,972,484
Website: http://www.sanderson.com
Address: Sanderson Group plc
Sanderson House,
Manor Road,
Coventry,
West Midlands, CV1 2GF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SND Ordinary Shares London Stock Exchange AIM Market GB GBP 16. Dec 2004
Number of employees
Current staff
Staff numbers
315
Sanderson Group employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:34
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2018/12/19
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.