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Triad Group

LSE:TRD
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRD
LSE
£8M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

Triad Group Plc provides IT consultancy, solution, and resourcing services to the public and private sectors primarily in the United Kingdom. The last earnings update was 37 days ago. More info.


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TRD Share Price and Events
7 Day Returns
2.1%
LSE:TRD
0.7%
GB IT
0.6%
GB Market
1 Year Returns
-36.4%
LSE:TRD
4.8%
GB IT
-1.1%
GB Market
TRD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Triad Group (TRD) 2.1% 10.3% 14.3% -36.4% 46.6% 380%
GB IT 0.7% 1.8% 11.1% 4.8% 75.2% 61.1%
GB Market 0.6% 2.3% 0.7% -1.1% 12.3% 7.2%
1 Year Return vs Industry and Market
  • TRD underperformed the IT industry which returned 4.8% over the past year.
  • TRD underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.1% over the past year.
Price Volatility
TRD
Industry
5yr Volatility vs Market

TRD Value

 Is Triad 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 Triad 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 Triad Group.

LSE:TRD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.9%
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:TRD
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 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.993 (1 + (1- 19%) (0.26%))
0.997
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.997 * 6.65%)
7.85%

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

The calculations below outline how an intrinsic value for Triad 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:TRD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.85%)
2020 1.20 Est @ -0.19% 1.12
2021 1.21 Est @ 0.24% 1.04
2022 1.21 Est @ 0.53% 0.97
2023 1.22 Est @ 0.74% 0.90
2024 1.23 Est @ 0.89% 0.84
2025 1.24 Est @ 0.99% 0.79
2026 1.26 Est @ 1.06% 0.74
2027 1.27 Est @ 1.11% 0.69
2028 1.29 Est @ 1.15% 0.65
2029 1.30 Est @ 1.17% 0.61
Present value of next 10 years cash flows £8.35
LSE:TRD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £1.30 × (1 + 1.23%) ÷ (7.85% – 1.23%)
£19.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £19.87 ÷ (1 + 7.85%)10
£9.33
LSE:TRD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £8.35 + £9.33
£17.68
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £17.68 / 15.97
£1.11
LSE:TRD Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.11
Current discount Discount to share price of £0.48
= -1 x (£0.48 - £1.11) / £1.11
56.6%

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

Current Discount
Amount off the current price Triad Group is available for.
Intrinsic value
>50%
Share price is £0.48 vs Future cash flow value of £1.11
Current Discount Checks
For Triad Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Triad Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Triad Group's share price is below the future cash flow value, and 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 Triad Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Triad Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:TRD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.06
LSE:TRD Share Price ** LSE (2019-07-17) in GBP £0.48
United Kingdom of Great Britain and Northern Ireland IT Industry PE Ratio Median Figure of 21 Publicly-Listed IT Companies 27.95x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 790 Publicly-Listed Companies 16.51x

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

** Primary Listing of Triad Group.

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

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

= 0.48 ÷ 0.06

8.57x

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

  • Triad Group is good value based on earnings compared to the GB IT industry average.
  • Triad Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Triad Group's expected growth come at a high price?
Raw Data
LSE:TRD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.8%per year
United Kingdom of Great Britain and Northern Ireland IT Industry PEG Ratio Median Figure of 18 Publicly-Listed IT Companies 1.83x
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 .

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

  • Unable to calculate PEG ratio for Triad Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Triad Group's assets?
Raw Data
LSE:TRD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.36
LSE:TRD Share Price * LSE (2019-07-17) in GBP £0.48
United Kingdom of Great Britain and Northern Ireland IT Industry PB Ratio Median Figure of 44 Publicly-Listed IT Companies 3.04x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.52x
LSE:TRD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.48 ÷ 0.36

1.33x

* Primary Listing of Triad Group.

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

  • Triad Group is good value based on assets compared to the GB IT industry average.
X
Value checks
We assess Triad 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. Triad Group has a total score of 5/6, 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.

TRD Future Performance

 How is Triad Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Triad Group, future earnings growth has been estimated based on fundamentals.
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
9.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Triad Group expected to grow at an attractive rate?
  • Triad Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Triad Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Triad Group's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:TRD Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:TRD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.8%
United Kingdom of Great Britain and Northern Ireland IT Industry Earnings Growth Rate Market Cap Weighted Average 26.6%
United Kingdom of Great Britain and Northern Ireland IT Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
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:TRD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:TRD Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 23 1 1
2018-12-31 24 2 1
2018-09-30 25 2 1
2018-06-30 27 2 1
2018-03-31 28 2 2
2017-12-31 29 1 2
2017-09-30 30 1 2
2017-06-30 31 1 2
2017-03-31 31 1 2
2016-12-31 31 1 2
2016-09-30 30 1 2
2016-06-30 29 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Triad Group's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Triad Group is high growth as no revenue estimate data is available.
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:TRD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Triad Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TRD Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.06
2018-12-31 0.07
2018-09-30 0.09
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.10
2017-06-30 0.10
2017-03-31 0.10
2016-12-31 0.11
2016-09-30 0.11
2016-06-30 0.10

*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 Triad Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Triad 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.
Triad 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.

TRD Past Performance

  How has Triad 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 Triad 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.
  • Triad Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Triad Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Triad Group's 1-year earnings growth is negative, it can't be compared to the GB IT industry average.
Earnings and Revenue History
Triad 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 Triad Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TRD Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 22.71 0.89 3.35
2018-12-31 24.07 1.12 3.31
2018-09-30 25.43 1.35 3.27
2018-06-30 26.63 1.49 3.25
2018-03-31 27.82 1.62 3.24
2017-12-31 29.07 1.61 3.36
2017-09-30 30.32 1.60 3.47
2017-06-30 30.61 1.57 3.46
2017-03-31 30.91 1.53 3.45
2016-12-31 30.66 1.61 3.37
2016-09-30 30.41 1.69 3.29
2016-06-30 29.36 1.45 3.24
2016-03-31 28.32 1.21 3.19
2015-12-31 26.99 0.83 3.11
2015-09-30 25.67 0.44 3.03
2015-06-30 24.57 0.40 2.94
2015-03-31 23.48 0.35 2.85
2014-12-31 22.29 0.34 2.77
2014-09-30 21.09 0.34 2.69
2014-06-30 20.40 0.17 2.71
2014-03-31 19.70 0.01 2.74
2013-12-31 18.97 0.00 2.68
2013-09-30 18.24 -0.02 2.61
2013-06-30 18.56 0.00 2.67
2013-03-31 18.88 0.03 2.73
2012-12-31 19.26 -0.03 2.92
2012-09-30 19.64 -0.09 3.11

*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.
  • Triad Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Triad Group used its assets more efficiently than the GB IT industry average last year based on Return on Assets.
  • Triad Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Triad 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.
Triad 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.

TRD Health

 How is Triad 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 Triad Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Triad Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Triad Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Triad 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 396.9x 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 Triad Group Company Filings, last reported 3 months ago.

LSE:TRD Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 5.77 0.00 4.60
2018-12-31 5.77 0.00 4.60
2018-09-30 5.49 0.00 3.85
2018-06-30 5.49 0.00 3.85
2018-03-31 5.13 0.00 3.75
2017-12-31 5.13 0.00 3.75
2017-09-30 4.33 0.00 2.00
2017-06-30 4.33 0.00 2.00
2017-03-31 3.64 0.00 2.25
2016-12-31 3.64 0.00 2.25
2016-09-30 2.76 0.00 0.90
2016-06-30 2.76 0.00 0.90
2016-03-31 2.06 0.00 0.96
2015-12-31 2.06 0.00 0.96
2015-09-30 1.06 0.00 0.18
2015-06-30 1.06 0.00 0.18
2015-03-31 0.84 0.00 0.39
2014-12-31 0.84 0.00 0.39
2014-09-30 0.61 0.10 0.25
2014-06-30 0.61 0.10 0.25
2014-03-31 0.48 0.10 0.11
2013-12-31 0.48 0.10 0.11
2013-09-30 0.20 0.25 0.04
2013-06-30 0.20 0.25 0.04
2013-03-31 0.40 0.00 0.28
2012-12-31 0.40 0.00 0.28
2012-09-30 0.21 0.12 0.05
  • Triad Group's level of debt (0.3%) 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 (27.7% vs 0.3% today).
  • Debt is well covered by operating cash flow (6395%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 1019x coverage).
X
Financial health checks
We assess Triad 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. Triad 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.

TRD Dividends

 What is Triad 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
8.33%
Current annual income from Triad Group dividends.
If you bought £2,000 of Triad Group shares you are expected to receive £167 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?
  • Triad Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Triad Group's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Upcoming dividend payment

Purchase Triad Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:TRD 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 0 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 22 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 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

LSE:TRD Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-10 0.040 8.778
2018-11-27 0.020 5.072
2018-06-11 0.020 2.924
2018-06-08 0.020 2.888
2017-11-22 0.010 1.770
2017-06-12 0.005 0.791
2017-06-09 0.005 0.662

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

  • Whilst dividend payments have been stable, Triad Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Triad Group only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Triad Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Triad 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 Triad Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Triad 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.

TRD Management

 What is the CEO of Triad 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
Adrian Leer
COMPENSATION £193,000
CEO Bio

Mr. Adrian Leer is Managing Director at Triad Group plc since May 2018. Mr. Leer was Commercial Director of Triad Group plc since March 03, 2015 until May 2018. Mr. Leer initially joined Triad in 2009 in a consultative capacity, providing advice to the business regarding its fledgling geospatial product, Zubed and helping to secure significant wins with major clients. In 2010, Mr. Leer became General Manager of Zubed Geospatial during which time he developed a robust product strategy for the Zubed offering. In 2012, Mr. Leer's remit expanded, becoming Commercial Director of Triad Consulting & Solutions. In this role, Mr. Leer's focus was to improve the consultancy pipeline and to drive staff utilisation and fee income. As part of a streamlining of the Group's management structure in 2014, Mr. Leer also assumed responsibility for the Resourcing part of the business where the focus was also to improve the pipeline, margins and fee income. Before Triad, Mr. Leer was Group IT Director for the Pettifer Group of Companies. Prior to that, he held a number of leadership roles at the global FMCG business, Avon Products. This included being their IT Director for the Western Europe, Middle East & Africa regions and Head of the UK Distribution Centre. He has been an Executive Director at Triad Group Plc since March 03, 2015. Mr. Leer holds a Master's Degree in Business Administration from the Open University.

CEO Compensation
  • Adrian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Adrian's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

John Rigg

TITLE
Executive Chairman
COMPENSATION
£60K

Adrian Leer

TITLE
MD & Executive Director
COMPENSATION
£193K

Nick Burrows

TITLE
Finance Director
COMPENSATION
£159K
TENURE
9.8 yrs
Board of Directors Tenure

Average tenure of the Triad Group board of directors in years:

8.4
Average Tenure
  • The tenure for the Triad Group board of directors is about average.
Board of Directors

John Rigg

TITLE
Executive Chairman
COMPENSATION
£60K
TENURE
20.1 yrs

Adrian Leer

TITLE
MD & Executive Director
COMPENSATION
£193K
TENURE
4.3 yrs

Nick Burrows

TITLE
Finance Director
COMPENSATION
£159K

Alistair Fulton

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£43K

Steve Sanderson

TITLE
Independent Non-Executive Director
COMPENSATION
£35K
TENURE
12.5 yrs

Chris Duckworth

TITLE
Non-Executive Director
COMPENSATION
£29K
AGE
65
TENURE
2 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 Triad 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. Triad 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.

TRD News

Simply Wall St News

Should You Worry About Triad Group plc's (LON:TRD) CEO Pay?

See our latest analysis for Triad Group How Does Adrian Leer's Compensation Compare With Similar Sized Companies? … According to our data, Triad Group plc has a market capitalization of UK£7.5m, and pays its CEO total annual compensation worth UK£193k. … Most shareholders would probably be pleased with Triad Group plc for providing a total return of 64% over three years.

Simply Wall St -

A Closer Look At Triad Group plc's (LON:TRD) Impressive ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Triad Group: 25% = UK£1.3m ÷ UK£5.5m (Based on the trailing twelve months to September 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Triad Group Have A Good Return On Equity? … Combining Triad Group's Debt And Its 25% Return On Equity While Triad Group does have a tiny amount of debt, with debt to equity of just 0.0038, we think the use of debt is very modest.

Simply Wall St -

A Look At Triad Group plc's (LON:TRD) Exceptional Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company that has been able to sustain great financial health, trading at an attractive share price

Simply Wall St -

Triad Group plc (LON:TRD) Is Employing Capital Very Effectively

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. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Did The Underlying Business Drive Triad Group's Lovely 323% Share Price Gain?

For example, the Triad Group plc (LON:TRD) share price is up a whopping 323% in the last half decade, a handsome return for long term holders. … During the five years of share price growth, Triad Group moved from a loss to profitability. … We can see that the Triad Group share price is up 82% in the last three years.

Simply Wall St -

Boasting A 25% Return On Equity, Is Triad Group plc (LON:TRD) A Top Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Triad Group plc (LON:TRD). … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Triad Group plc's (LON:TRD) Earnings Dropped -16%, Did Its Industry Show Weakness Too?

After looking at Triad Group plc's (LON:TRD) latest earnings announcement (30 September 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … TRD's trailing twelve-month earnings (from 30 September 2018) of UK£1.3m has? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 42%, indicating the rate at which TRD is growing has slowed down

Simply Wall St -

What Do You Get For Owning Triad Group plc (LON:TRD)?

and want a simplistic look at the return on Triad Group plc (LON:TRD) stock. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Triad Group is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is Triad Group plc (LON:TRD) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.32. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About Triad Group plc's (LON:TRD) Return On Capital?

Therefore, looking at how efficiently Triad Group is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE). … Triad Group's Return On Capital Employed

Simply Wall St -

TRD Company Info

Description

Triad Group Plc provides IT consultancy, solution, and resourcing services to the public and private sectors primarily in the United Kingdom. The company offers consulting and advisory; staffing, resourcing, and recruitment; development and engineering; software and product design; program and project delivery; and support, operations, and maintenance services. Triad Group Plc was founded in 1988 and is based in Godalming, the United Kingdom.

Details
Name: Triad Group plc
TRD
Exchange: LSE
Founded: 1988
£7,665,109
15,968,979
Website: http://www.triad.co.uk
Address: Triad Group plc
Huxley House,
Weyside Park,
Godalming,
Surrey, GU7 1XE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TRD Ordinary Shares London Stock Exchange GB GBP 04. Apr 1996
BST TD8 Ordinary Shares Boerse-Stuttgart DE EUR 04. Apr 1996
Number of employees
Current staff
Staff numbers
56
Triad Group employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 20:54
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/06/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.