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Aptitude Software Group

LSE:APTD
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APTD
LSE
£288M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

Aptitude Software Group plc, together with its subsidiaries, develops, implements, and supports business critical software and related services in the United Kingdom and internationally. The last earnings update was 116 days ago. More info.


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APTD Share Price and Events
7 Day Returns
1.3%
LSE:APTD
0.3%
GB Software
0.1%
GB Market
1 Year Returns
21%
LSE:APTD
13.5%
GB Software
-2.2%
GB Market
APTD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aptitude Software Group (APTD) 1.3% 8.4% 19% 21% 177.4% 190%
GB Software 0.3% -2.1% 5.3% 13.5% 20.7% 83%
GB Market 0.1% 0.6% -0% -2.2% 11.2% 6.1%
1 Year Return vs Industry and Market
  • APTD outperformed the Software industry which returned 13.5% over the past year.
  • APTD outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.2% over the past year.
Price Volatility
APTD
Industry
5yr Volatility vs Market

Value

 Is Aptitude Software 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 Aptitude Software 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 Aptitude Software Group.

LSE:APTD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
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 LSE:APTD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 19%) (4.11%))
1.105
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.105 * 6.65%)
8.57%

Discounted Cash Flow Calculation for LSE:APTD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aptitude Software 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.

LSE:APTD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.57%)
2020 9.20 Analyst x1 8.47
2021 10.20 Analyst x1 8.65
2022 10.74 Est @ 5.29% 8.39
2023 11.18 Est @ 4.07% 8.04
2024 11.54 Est @ 3.22% 7.65
2025 11.84 Est @ 2.62% 7.23
2026 12.10 Est @ 2.2% 6.80
2027 12.33 Est @ 1.91% 6.39
2028 12.54 Est @ 1.7% 5.98
2029 12.74 Est @ 1.56% 5.59
Present value of next 10 years cash flows £73.20
LSE:APTD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £12.74 × (1 + 1.23%) ÷ (8.57% – 1.23%)
£175.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £175.49 ÷ (1 + 8.57%)10
£77.10
LSE:APTD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £73.20 + £77.10
£150.30
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £150.30 / 61.73
£2.43
LSE:APTD Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.43
Current discount Discount to share price of £4.66
= -1 x (£4.66 - £2.43) / £2.43
-91.4%

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

  • The current share price of Aptitude Software Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Aptitude Software Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aptitude Software Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:APTD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.23
LSE:APTD Share Price ** LSE (2019-07-19) in GBP £4.66
United Kingdom of Great Britain and Northern Ireland Software Industry PE Ratio Median Figure of 34 Publicly-Listed Software Companies 31.02x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 791 Publicly-Listed Companies 16.38x

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

** Primary Listing of Aptitude Software Group.

LSE:APTD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:APTD Share Price ÷ EPS (both in GBP)

= 4.66 ÷ 0.23

20.58x

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

  • Aptitude Software Group is good value based on earnings compared to the GB Software industry average.
  • Aptitude Software Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Aptitude Software Group's expected growth come at a high price?
Raw Data
LSE:APTD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-14.6%per year
United Kingdom of Great Britain and Northern Ireland Software Industry PEG Ratio Median Figure of 23 Publicly-Listed Software Companies 1.52x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:APTD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.58x ÷ -14.6%

-1.41x

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

  • Aptitude Software Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aptitude Software Group's assets?
Raw Data
LSE:APTD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.06
LSE:APTD Share Price * LSE (2019-07-19) in GBP £4.66
United Kingdom of Great Britain and Northern Ireland Software Industry PB Ratio Median Figure of 74 Publicly-Listed Software Companies 3.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.5x
LSE:APTD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:APTD Share Price ÷ Book Value per Share (both in GBP)

= 4.66 ÷ 1.06

4.4x

* Primary Listing of Aptitude Software Group.

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

  • Aptitude Software Group is overvalued based on assets compared to the GB Software industry average.
X
Value checks
We assess Aptitude Software 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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Aptitude Software Group has a total score of 1/6, 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.

Future Performance

 How is Aptitude Software Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aptitude Software Group expected to grow at an attractive rate?
  • Aptitude Software Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Aptitude Software Group's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Aptitude Software Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:APTD Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:APTD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -14.6%
LSE:APTD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.3%
United Kingdom of Great Britain and Northern Ireland Software Industry Earnings Growth Rate Market Cap Weighted Average 35.8%
United Kingdom of Great Britain and Northern Ireland Software Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
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
LSE:APTD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:APTD Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 69 11 9 1
2020-12-31 64 10 8 1
2019-12-31 58 4 7 1
LSE:APTD Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 70 12 14
2018-09-30 70 11 12
2018-06-30 69 9 11
2018-03-31 66 10 10
2017-12-31 63 12 11
2017-09-30 57 13 9
2017-06-30 52 14 7
2017-03-31 47 12 7
2016-12-31 43 11 6
2016-09-30 39 7 5
2016-06-30 36 4 4
2016-03-31 34 5 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aptitude Software Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Aptitude Software Group's revenue is expected to grow by 0.3% 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
LSE:APTD 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 1 Analyst Estimates (S&P Global) See Below

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

LSE:APTD Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.14 0.14 0.14 1.00
2020-12-31 0.12 0.12 0.12 1.00
2019-12-31 0.10 0.10 0.10 1.00
LSE:APTD Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.23
2018-09-30 0.20
2018-06-30 0.17
2018-03-31 0.17
2017-12-31 0.17
2017-09-30 0.15
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.11
2016-09-30 0.09
2016-06-30 0.07
2016-03-31 0.06

*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.
  • Aptitude Software Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aptitude Software 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.
Aptitude Software Group has a total score of 0/6, 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.

Past Performance

  How has Aptitude Software 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 Aptitude Software Group's growth in the last year to its industry (Software).
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.
  • Aptitude Software Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Aptitude Software Group's 1-year earnings growth exceeds its 5-year average (31.3% vs 22.7%)
  • Aptitude Software Group's earnings growth has exceeded the GB Software industry average in the past year (31.3% vs 14.9%).
Earnings and Revenue History
Aptitude Software 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 Aptitude Software Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:APTD Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 70.29 13.79
2018-09-30 69.93 12.44
2018-06-30 69.19 10.52
2018-03-31 65.91 10.23
2017-12-31 63.02 10.50
2017-09-30 57.45 8.95
2017-06-30 51.88 7.41
2017-03-31 47.43 6.82
2016-12-31 42.99 6.24
2016-09-30 39.32 5.03 -0.05
2016-06-30 35.65 3.82 -0.10
2016-03-31 33.80 3.77 -0.10
2015-12-31 31.96 3.73 -0.10
2015-09-30 31.43 4.20 -0.15
2015-06-30 30.91 4.67 -0.20
2015-03-31 30.36 4.39 -0.20
2014-12-31 29.81 4.11 -0.20
2014-09-30 29.70 4.74 -0.16
2014-06-30 29.59 5.36 -0.13
2014-03-31 29.71 5.90 -0.13
2013-12-31 29.82 6.44 -0.13
2013-09-30 30.02 6.73 -0.06
2013-06-30 30.21 7.02
2013-03-31 31.27 6.99
2012-12-31 32.32 6.95
2012-09-30 34.56 7.08

*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.
  • Aptitude Software Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Aptitude Software Group used its assets more efficiently than the GB Software industry average last year based on Return on Assets.
  • Aptitude Software Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aptitude Software 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 Software 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.
Aptitude Software Group has a total score of 6/6, 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.

Health

 How is Aptitude Software 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 Aptitude Software Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aptitude Software Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aptitude Software Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aptitude Software 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 3.9x 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 Aptitude Software Group Company Filings, last reported 6 months ago.

LSE:APTD Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 64.82 7.86 29.19
2018-09-30 64.82 7.86 29.19
2018-06-30 56.55 8.84 11.64
2018-03-31 56.55 8.84 11.64
2017-12-31 54.42 9.83 19.14
2017-09-30 54.42 9.83 19.14
2017-06-30 46.01 8.75 15.65
2017-03-31 46.01 8.75 15.65
2016-12-31 43.40 10.40 23.85
2016-09-30 43.40 10.40 23.85
2016-06-30 40.68 11.75 12.72
2016-03-31 40.68 11.75 12.72
2015-12-31 38.57 13.37 18.60
2015-09-30 38.57 13.37 18.60
2015-06-30 37.69 14.75 15.62
2015-03-31 37.69 14.75 15.62
2014-12-31 56.49 16.43 40.90
2014-09-30 56.49 16.43 40.90
2014-06-30 55.49 17.75 37.92
2014-03-31 55.49 17.75 37.92
2013-12-31 54.41 19.25 40.29
2013-09-30 54.41 19.25 40.29
2013-06-30 62.16 0.00 26.78
2013-03-31 62.16 0.00 26.78
2012-12-31 64.67 0.00 32.13
2012-09-30 64.67 0.00 32.13
  • Aptitude Software Group's level of debt (18.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (35.3% vs 18.2% today).
  • Debt is well covered by operating cash flow (97.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.6x coverage).
X
Financial health checks
We assess Aptitude Software 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. Aptitude Software Group has a total score of 6/6, 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.

Dividends

 What is Aptitude Software 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
1.42%
Current annual income from Aptitude Software Group dividends. Estimated to be 1.52% next year.
If you bought £2,000 of Aptitude Software Group shares you are expected to receive £28 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?
  • Aptitude Software Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • Aptitude Software Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.45%).
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
LSE:APTD 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Software Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
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 5.5%

Industry and Market average data is calculated daily.

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

LSE:APTD Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.08 1.00
2020-12-31 0.07 1.00
2019-12-31 0.06 1.00
LSE:APTD Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.066 1.576
2018-04-23 0.063 1.528
2017-03-08 0.050 1.271
2016-03-03 0.042 2.469
2015-02-25 0.042 3.790
2014-02-26 0.042 2.656
2013-07-22 0.109 6.571
2013-03-01 0.109 6.550
2012-03-06 0.042 2.524
2012-02-27 0.042 2.305
2011-02-24 0.039 2.032
2011-02-23 0.039 2.209
2010-02-18 0.030 2.442
2009-12-31 0.030 2.607
2009-03-02 0.027 3.205
2009-02-24 0.027 5.125

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Aptitude Software Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Aptitude Software 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 Aptitude Software Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aptitude Software Group has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Aptitude Software 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
Tom Crawford
COMPENSATION £857,582
AGE 51
CEO Bio

Mr. Tom Crawford serves as Chief Executive Officer of Aptitude Software Group plc (formerly Microgen plc) and has been its Managing Director of Aptitude Solutions since May 16, 2013 and served as its Executive Vice President. Mr. Crawford served as Senior Vice President of North America at Microgen plc since December 2009. He joined Microgen in 2003 and served as Managing Director of Microgen's Financial Services division. He has been Director at Microgen plc since January 1, 2016.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Aptitude Software Group management team in years:

7
Average Tenure
  • The average tenure for the Aptitude Software Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Crawford

TITLE
CEO & Executive Director
COMPENSATION
£858K
AGE
51

Philip Wood

TITLE
CFO, Deputy CEO
COMPENSATION
£829K
AGE
46
TENURE
12.5 yrs

Chris Wade

TITLE
Chief Product Officer
TENURE
1.5 yrs

Alex Curran

TITLE
Executive Vice President

Jeremy Suddards

TITLE
Chief Client Officer for Europe and Asia

Georgina Sharley

TITLE
Company Secretary
TENURE
0.6 yrs

Martin Redington

TITLE
Chief Technology Officer of Aptitude Software
TENURE
17.4 yrs
Board of Directors Tenure

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

3.3
Average Tenure
53
Average Age
  • The tenure for the Aptitude Software Group board of directors is about average.
Board of Directors

Ivan Martin

TITLE
Non-Executive Chairman
COMPENSATION
£134K
AGE
64
TENURE
3.3 yrs

Tom Crawford

TITLE
CEO & Executive Director
COMPENSATION
£858K
AGE
51
TENURE
3.5 yrs

Philip Wood

TITLE
CFO, Deputy CEO
COMPENSATION
£829K
AGE
46
TENURE
12.5 yrs

Peter Whiting

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£55K
AGE
53
TENURE
3.3 yrs

Barbara Moorhouse

TITLE
Non-Executive Director
COMPENSATION
£51K
AGE
61
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Aptitude Software 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. Aptitude Software 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.

News

Simply Wall St News

Does Aptitude Software Group plc's (LON:APTD) Past Performance Indicate A Stronger Future?

See our latest analysis for Aptitude Software Group Did APTD's recent earnings growth beat the long-term trend and the industry? … Well, let’s take a look at if it is only owing to an industry uplift, or if Aptitude Software Group has seen some company-specific growth. … I recommend you continue to research Aptitude Software Group to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for APTD’s future growth?

Simply Wall St -

Is Aptitude Software Group plc (LON:APTD) A Volatile Stock?

If you're interested in Aptitude Software Group plc (LON:APTD), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … If this beta value holds true in the future, Aptitude Software Group shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Beta only tells us that the Aptitude Software Group share price is sensitive to broader market movements.

Simply Wall St -

Is It Too Late To Consider Buying Aptitude Software Group plc (LON:APTD)?

Aptitude Software Group plc (LON:APTD), which is in the software business, and is based in United Kingdom, saw a significant share price rise of over 20% in the past couple of months on the LSE. … Since Aptitude Software Group’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. … If you are no longer interested in Aptitude Software Group, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

If You Had Bought Aptitude Software Group (LON:APTD) Shares Three Years Ago You'd Have Made 165%

To wit, the Aptitude Software Group plc (LON:APTD) share price has flown 165% in the last three years. … Aptitude Software Group was able to grow its EPS at 55% per year over three years, sending the share price higher. … We note that for Aptitude Software Group the TSR over the last 3 years was 179%, which is better than the share price return mentioned above.

Simply Wall St -

Is Aptitude Software Group plc (LON:APTD) A High Quality Stock To Own?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Aptitude Software Group plc (LON:APTD). … That means that for every £1 worth of shareholders' equity, it generated £0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's What Aptitude Software Group plc's (LON:APTD) ROCE Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Here's Why I Think Aptitude Software Group (LON:APTD) Is An Interesting Stock

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Aptitude Software Group (LON:APTD). … How Quickly Is Aptitude Software Group Increasing Earnings Per Share. … Aptitude Software Group maintained stable EBIT margins over the last year, all while growing revenue 12% to UK£70m.

Simply Wall St -

Is Aptitude Software Group plc (LON:APTD) A Smart Choice For Dividend Investors?

Historically, Aptitude Software Group plc (LON:APTD) has been paying a dividend to shareholders. … Let's take a look at Aptitude Software Group in more detail. … View our latest analysis for Aptitude Software Group

Simply Wall St -

Company Info

Description

Aptitude Software Group plc, together with its subsidiaries, develops, implements, and supports business critical software and related services in the United Kingdom and internationally. It operates through two segments, Aptitude Software and Microgen Financial Systems. The Aptitude Software segment provides a suite of specialized finance management software applications for banking, healthcare, insurance, and telecommunications customers. Its applications include Aptitude Insurance Calculation Engine that focuses on insurance contracts; Aptitude Lease Accounting Engine, which addresses leasing standards; Aptitude Revenue Recognition Engine for revenue recognition requirements; Aptitude RevStream, a cloud-enabled revenue management software; Aptitude Accounting Hub that transforms financial, management, and statutory accounting; and Aptitude Allocation Engine that offers interfaces to set-up and apply rules to allocate cost and revenue. This segment licenses its software; and provides software maintenance/support, software subscriptions for its cloud-based offerings; and implementation services. The Microgen Financial Systems segment offers Microgen 5Series, a wealth management software for both on-shore and off-shore markets; and Microgen Bacway, a suite of payments software products. It also provides maintenance, support, and development services on a range of software products and applications developed by third parties. The company was formerly known as Microgen plc and changed its name to Aptitude Software Group plc in April 2019. Aptitude Software Group plc was founded in 1974 and is headquartered in London, the United Kingdom.

Details
Name: Aptitude Software Group plc
APTD
Exchange: LSE
Founded: 1974
£287,650,802
61,727,640
Website: http://www.aptitudesoftwaregroup.com
Address: Aptitude Software Group plc
Old Change House,
128 Queen Victoria Street,
London,
Greater London, EC4V 4BJ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE APTD Ordinary Shares London Stock Exchange GB GBP 25. Mar 1985
BST MH5A Ordinary Shares Boerse-Stuttgart DE EUR 25. Mar 1985
Number of employees
Current staff
Staff numbers
405
Aptitude Software Group employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 20:42
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/06/25
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.