New Risk • Apr 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Apr 10
Final dividend of UK£0.036 announced Dividend of UK£0.036 is the same as last year. Ex-date: 21st May 2026 Payment date: 12th June 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 10.0% EPS decline seen over the last 5 years. Announcement • Apr 09
Aptitude Software Group plc Final Dividend for the Year Ended December 31, 2025, Payable on 12 June 2026 Aptitude Software Group plc at its AGM, to be held on My 27, 2026, proposed an unchanged final dividend of 3.60 pence per share (2024: 3.60 pence), making a total ordinary dividend of 5.40 pence per share for the year ended December 31, 2025 (2024: 5.40 pence). The proposed final dividend will be paid on 12 June 2026 to shareholders on the register at 22 May 2026. Reported Earnings • Apr 08
Full year 2025 earnings released: EPS: UK£0.073 (vs UK£0.088 in FY 2024) Full year 2025 results: EPS: UK£0.073 (down from UK£0.088 in FY 2024). Revenue: UK£65.0m (down 7.3% from FY 2024). Net income: UK£4.02m (down 19% from FY 2024). Profit margin: 6.2% (down from 7.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 08
Aptitude Software Group plc, Annual General Meeting, May 27, 2026 Aptitude Software Group plc, Annual General Meeting, May 27, 2026. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Feb 11
Aptitude Software Group plc Provides Earnings Guidance for the Financial Year Ended 31 December 2025 Aptitude Software Group plc provided earnings guidance for the financial year ended 31 December 2025. For the year, the company expected to report profit performance in line with expectations and improving operating margins year-on-year. Revenue performance in the year is expected to be approximately £65 million (Financial Year 2024: £70 million), which is broadly in line with expectations. New Risk • Feb 10
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Feb 10
Aptitude Software Group plc to Report Fiscal Year 2025 Results on Apr 08, 2026 Aptitude Software Group plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 08, 2026 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£2.45, the stock trades at a trailing P/E ratio of 31x. Average forward P/E is 23x in the Software industry in the United Kingdom. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.91 per share. New Risk • Feb 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Buy Or Sell Opportunity • Nov 03
Now 21% undervalued Over the last 90 days, the stock has risen 1.7% to UK£2.92. The fair value is estimated to be UK£3.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 54% in the next 2 years. Declared Dividend • Aug 08
First half dividend of UK£0.018 announced Dividend of UK£0.018 is the same as last year. Ex-date: 14th August 2025 Payment date: 8th September 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 23% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.3% EPS decline seen over the last 5 years. Announcement • Aug 08
Aptitude Software Group plc Announces Interim Dividend for the Period Ended June 30, 2025, Payable on September 8, 2025 Aptitude Software Group plc announced interim dividend of 1.8 pence per share (2024: 1.8 pence per share) was approved by the Board on 5 August 2025. It is payable on 8 September 2025 to shareholders on the register at 15 August 2025. Reported Earnings • Aug 06
Full year 2024 earnings released: EPS: UK£0.088 (vs UK£0.072 in FY 2023) Full year 2024 results: EPS: UK£0.088 (up from UK£0.072 in FY 2023). Revenue: UK£70.0m (down 6.2% from FY 2023). Net income: UK£4.98m (up 21% from FY 2023). Profit margin: 7.1% (up from 5.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 06
Price target decreased by 8.5% to UK£4.21 Down from UK£4.60, the current price target is an average from 2 analysts. New target price is 49% above last closing price of UK£2.83. Stock is down 21% over the past year. The company posted earnings per share of UK£0.088 last year. Announcement • Jul 25
Aptitude Software Group plc Provides Group Earnings Guidance for the First Half and Fiscal Year 2025 Aptitude Software Group plc provided group earnings guidance for the first half and fiscal year 2025. The Group expects H1 2025 operating profit to show double digit growth on H1 2024, driven by an improving revenue mix and the benefits of cost reductions as part of the on-going re-organisation to a SaaS business model. These improvements span across all major functions, including services, product, engineering, go-to-market and aligning resources to support scalable, higher margin SaaS growth.
Accordingly, with the deferral of some new opportunities and the significant change in GBP to USD exchange rate impacting reported revenues, Aptitude's revenues for Fiscal Year 2025 are now expected to be broadly in line with the Board's expectations. As a result of the re-organisation of the business, including the benefits of cost reductions, the Board remains confident that the Group will meet its current profit expectations for Fiscal Year 2025. Announcement • Jul 24
Aptitude Software Group plc to Report First Half, 2025 Results on Aug 06, 2025 Aptitude Software Group plc announced that they will report first half, 2025 results on Aug 06, 2025 Announcement • May 28
Aptitude Software Group plc Approves Final Dividend Aptitude Software Group plc at its AGM held on May 28, 2025, approved to declare a final dividend of 3.6 pence per ordinary share. Upcoming Dividend • May 15
Upcoming dividend of UK£0.036 per share Eligible shareholders must have bought the stock before 22 May 2025. Payment date: 13 June 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (1.8%). Announcement • Mar 28
Aptitude Software Group plc Proposes Final Dividend for Year Ended 31 December 2024; Payable on 13 June 2025 Aptitude Software Group plc proposed an unchanged final dividend of 3.60 pence per share ended 31 December 2024 (2023 3.60 pence), making a total ordinary dividend of 5.40 pence per share for the year (2023: 5.40 pence). Subject to shareholder approval at the Group's Annual General Meeting on 28 May, the proposed final dividend will be paid on 13 June 2025 to shareholders on the register at 23 May 2025. Reported Earnings • Mar 26
First half 2024 earnings released: EPS: UK£0.035 (vs UK£0.023 in 1H 2023) First half 2024 results: EPS: UK£0.035 (up from UK£0.023 in 1H 2023). Revenue: UK£35.3m (down 6.1% from 1H 2023). Net income: UK£2.03m (up 56% from 1H 2023). Profit margin: 5.8% (up from 3.5% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 4 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to UK£2.55, the stock trades at a trailing P/E ratio of 29.3x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total loss to shareholders of 12% over the past three years. Announcement • Mar 26
Aptitude Software Group plc, Annual General Meeting, May 28, 2025 Aptitude Software Group plc, Annual General Meeting, May 28, 2025. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • Feb 05
Aptitude Software Group plc to Report Fiscal Year 2024 Results on Mar 26, 2025 Aptitude Software Group plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Mar 26, 2025 Announcement • Oct 01
Aptitude Software Group plc Announces Board Resignations Aptitude Software Group plc announced the following proposed changes to its board of directors. Ivan Martin, Non-Executive Chairman, who was appointed to the Board on 1 January 2016 will step down from the Board following the 2026 AGM; Barbara Moorhouse, Non-Executive and Senior Independent Director, who was appointed to the Board on 1 April 2017 will step down from the Board following the 2025 AGM; and The Board will commence a search process for a new non-executive director to replace Barbara Moorhouse. It is intended that this new non-executive director will be appointed as Senior Independent Director with the aim being that this person will be a potential successor to Ivan Martin as Chairman following the 2026 AGM. Declared Dividend • Jul 28
First half dividend of UK£0.018 announced Dividend of UK£0.018 is the same as last year. Ex-date: 1st August 2024 Payment date: 23rd August 2024 Dividend yield will be 1.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 28% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.3% EPS decline seen over the last 5 years. Announcement • Jul 26
Aptitude Software Group plc Declares Interim Dividend, Will Be Payable on 23 August 2024 Aptitude Software Group plc announced that an interim dividend of 1.8 pence per share is declared (2023: 1.8 pence). The interim dividend will be payable on 23 August 2024 to shareholders on the register at the close of business on 2 August 2024. Announcement • Jul 15
Aptitude Software Group plc to Report First Half, 2024 Results on Jul 25, 2024 Aptitude Software Group plc announced that they will report first half, 2024 results on Jul 25, 2024 New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 16
Upcoming dividend of UK£0.036 per share Eligible shareholders must have bought the stock before 23 May 2024. Payment date: 14 June 2024. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (1.7%). Announcement • May 15
Aptitude Software Group plc Approves the Final Dividend Aptitude Software Group plc approved the final dividend of 3.6 pence per ordinary share, at the AGM held on May 14, 2024. Major Estimate Revision • Mar 27
Consensus revenue estimates decrease by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from UK£78.8m to UK£70.8m. EPS estimate unchanged from UK£0.092 per share at last update. Software industry in the United Kingdom expected to see average net income growth of 17% next year. Consensus price target down from UK£5.22 to UK£4.73. Share price fell 14% to UK£3.08 over the past week. Announcement • Mar 24
Aptitude Software Group plc Provides Earnings Guidance for the Years 2024 Aptitude Software Group plc provided earnings guidance for the years 2024. For the year 2024, the company expects lower overall revenues. Profitability will be in line with the performance in 2023 before returning to growth in 2025 and beyond. Declared Dividend • Mar 24
Final dividend of UK£0.036 announced Dividend of UK£0.036 is the same as last year. Ex-date: 23rd May 2024 Payment date: 14th June 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 62% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 23
Aptitude Software Group plc Proposes Unchanged Final Dividend for the Year 2023, Payable on 14 June 2024 Aptitude Software Group plc proposed an unchanged final dividend of 3.60 pence per share (2022: 3.60 pence), making a total ordinary dividend of 5.40 pence per share for the year (2022: 5.40 pence). Subject to shareholder approval at the Group's Annual General Meeting on 14 May 2024, the proposed final dividend will be paid on 14 June 2024 to shareholders on the register at 24 May 2024. Announcement • Mar 22
Aptitude Software Group plc (LSE:APTD) announces an Equity Buyback for £20 million worth of its shares. Aptitude Software Group plc (LSE:APTD) announces a share repurchase program. Under the program, the company will repurchase up to £20 million worth of its common shares. The maximum price (exclusive of expenses) at which a share can be repurchased is an amount equal to the higher of 105% of the average of the middle market quotations for a share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the company agrees to buy the shares concerned; and the higher of the price of the last independent trade of any share and the highest current independent bid for a share in the trading venue where the purchase is carried out. The minimum price at which a share can be repurchased is 7.33 pence per share. The purpose of the program is to reduce the share capital of the company and to return capital to those shareholders. The program will be financed from existing cash resources. The purchased shares will be held by the company in treasury for later reissue or cancellation. The program will be valid for the next 3 financial years. As of March 20, 2024, the company had 57,337,611 issued and outstanding shares and had no shares in treasury. Buy Or Sell Opportunity • Mar 21
Now 26% undervalued Over the last 90 days, the stock has risen 6.0% to UK£3.00. The fair value is estimated to be UK£4.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 38%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Mar 21
Aptitude Software Group plc, Annual General Meeting, May 14, 2024 Aptitude Software Group plc, Annual General Meeting, May 14, 2024. Agenda: To propose an unchanged final dividend. Buy Or Sell Opportunity • Mar 06
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to UK£3.40. The fair value is estimated to be UK£2.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 165% in the next 2 years. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Announcement • Jan 22
Aptitude Software Group plc to Report Fiscal Year 2023 Results on Mar 21, 2024 Aptitude Software Group plc announced that they will report fiscal year 2023 results on Mar 21, 2024 Announcement • Nov 30
Aptitude Software Group plc Appoints Alex Curran as Chief Executive Officer Aptitude Software Group plc announced that following the conclusion of a formal selection process by the Group's Nomination Committee, Alex Curran has been appointed to the role of Chief Executive Officer for the Group with immediate effect. Alex had assumed the role of Acting Chief Executive Officer and was appointed to the Board in July 2023. Buying Opportunity • Oct 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be UK£3.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 8.4% in 2 years. Earnings is forecast to grow by 181% in the next 2 years. Buying Opportunity • Oct 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be UK£3.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 8.4% in 2 years. Earnings is forecast to grow by 181% in the next 2 years. New Risk • Jul 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Announcement • Jul 27
Aptitude Software Group plc Proposes Interim Dividend, Will Be Payable on 25 August 2023 Aptitude Software Group plc announced an interim dividend of 1.8 pence per share is proposed (2022: 1.8 pence). The interim dividend will be payable on 25 August 2023 to shareholders on the register at the close of business on 4 August 2023. Reported Earnings • Jul 27
First half 2023 earnings released: EPS: UK£0.023 (vs UK£0.026 in 1H 2022) First half 2023 results: EPS: UK£0.023 (down from UK£0.026 in 1H 2022). Revenue: UK£37.5m (up 3.9% from 1H 2022). Net income: UK£1.30m (down 15% from 1H 2022). Profit margin: 3.5% (down from 4.2% in 1H 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 26
Price target decreased by 19% to UK£5.22 Down from UK£6.47, the current price target is an average from 3 analysts. New target price is 84% above last closing price of UK£2.84. Stock is down 18% over the past year. The company is forecast to post earnings per share of UK£0.074 for next year compared to UK£0.045 last year. Announcement • Jul 22
Aptitude Software Group plc Announces Retirement of Philip Wood from the Board on 20 July 2023 Further to the Group's announcement of 24 January 2023, Philip Wood will retire from the Board of Aptitude Software Group plc on 20 July 2023 as planned. Philip's former responsibilities as Chief Financial Officer transferred to Mike Johns in January 2023, and Philip provided on-going handover support until Mike was formally appointed to the role in May 2023. Philip's additional existing role of Deputy Chief Executive Officer will cease on 20 July when Philip steps down from the Board and leaves the Group. The Board would like to thank Philip for his 16 years of service and wish him well for the future. New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to UK£2.76, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Software industry in the United Kingdom. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.51 per share. Buying Opportunity • Jul 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be UK£3.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Announcement • Jul 13
Aptitude Software Group plc to Report First Half, 2023 Results on Jul 26, 2023 Aptitude Software Group plc announced that they will report first half, 2023 results on Jul 26, 2023 Announcement • May 18
Aptitude Software Group PLC Declares a Final Dividend The Board of Directors of Aptitude Software Group PLC at its Annual General Meeting held on May 17, 2023 declared a final dividend of 3.6 pence per ordinary share. Upcoming Dividend • May 18
Upcoming dividend of UK£0.036 per share at 1.6% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 16 June 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.8%). Major Estimate Revision • Mar 28
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£83.0m to UK£78.2m. EPS estimate also fell from UK£0.101 per share to UK£0.074 per share. Net income forecast to grow 66% next year vs 5.0% growth forecast for Software industry in the United Kingdom. Consensus price target down from UK£6.47 to UK£6.28. Share price was steady at UK£3.70 over the past week. Reported Earnings • Mar 21
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: UK£0.045 (down from UK£0.09 in FY 2021). Revenue: UK£74.4m (up 25% from FY 2021). Net income: UK£2.60m (down 49% from FY 2021). Profit margin: 3.5% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target decreased to UK£6.47 Down from UK£8.25, the current price target is an average from 3 analysts. New target price is 77% above last closing price of UK£3.66. Stock is down 37% over the past year. The company is forecast to post earnings per share of UK£0.076 for next year compared to UK£0.09 last year. Buying Opportunity • Oct 22
Now 20% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be UK£4.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 128% in the next 2 years. Buying Opportunity • Sep 29
Now 22% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be UK£5.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 128% in the next 2 years. Buying Opportunity • Sep 13
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be UK£5.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 128% in the next 2 years. Reported Earnings • Jul 29
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£3.86m from profit in 1H 2021). Profit margin: (down from 14% in 1H 2021). Over the next year, revenue is forecast to grow 10%, compared to a 22% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year. Upcoming Dividend • May 05
Upcoming dividend of UK£0.036 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (2.1%). Price Target Changed • Apr 27
Price target decreased to UK£6.47 Down from UK£8.25, the current price target is an average from 3 analysts. New target price is 105% above last closing price of UK£3.15. Stock is down 53% over the past year. The company is forecast to post earnings per share of UK£0.076 for next year compared to UK£0.09 last year. Buying Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 42%. The fair value is estimated to be UK£4.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Recent Insider Transactions • Mar 24
Independent Non-Executive Chairman recently bought UK£152k worth of stock On the 18th of March, Ivan Martin bought around 50k shares on-market at roughly UK£3.04 per share. This was the largest purchase by an insider in the last 3 months. This was Ivan's only on-market trade for the last 12 months. Major Estimate Revision • Mar 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from UK£67.9m to UK£70.1m. EPS estimate fell from UK£0.11 to UK£0.08 per share. Net income forecast to shrink 21% next year vs 6.8% decline forecast for Software industry in the United Kingdom. Consensus price target down from UK£8.25 to UK£6.47. Share price fell 24% to UK£3.05 over the past week. Reported Earnings • Mar 15
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: UK£0.09 (down from UK£0.13 in FY 2020). Revenue: UK£59.3m (up 3.6% from FY 2020). Net income: UK£5.07m (down 28% from FY 2020). Profit margin: 8.6% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 15%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.