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Redde

AIM:REDD
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
REDD
AIM
£351M
Market Cap
  1. Home
  2. GB
  3. Transportation
Company description

Redde plc provides a package of motor claims accident management, incident management, fleet management, and legal services in the United Kingdom. The last earnings update was 22 days ago. More info.


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  • Redde has significant price volatility in the past 3 months.
REDD Share Price and Events
7 Day Returns
6.3%
AIM:REDD
2.2%
GB Transportation
1.9%
GB Market
1 Year Returns
-31.1%
AIM:REDD
0.8%
GB Transportation
1.2%
GB Market
REDD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Redde (REDD) 6.3% -36.7% -31.5% -31.1% -29.9% 69.2%
GB Transportation 2.2% -0.8% 10% 0.8% 10.4% -10.4%
GB Market 1.9% 1.5% 9.1% 1.2% 14.5% 3.1%
1 Year Return vs Industry and Market
  • REDD underperformed the Transportation industry which returned 0.8% over the past year.
  • REDD underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.2% over the past year.
Price Volatility
REDD
Industry
5yr Volatility vs Market

Value

 Is Redde 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 Redde 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 Redde.

AIM:REDD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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

Calculation of Discount Rate/ Cost of Equity for AIM:REDD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.994 (1 + (1- 19%) (15.03%))
1.077
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.077 * 6.65%)
8.39%

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

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

AIM:REDD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.39%)
2019 24.06 Est @ -14.17% 22.20
2020 21.77 Est @ -9.55% 18.53
2021 20.39 Est @ -6.32% 16.01
2022 19.56 Est @ -4.05% 14.17
2023 19.08 Est @ -2.47% 12.75
2024 18.82 Est @ -1.36% 11.61
2025 18.71 Est @ -0.58% 10.65
2026 18.70 Est @ -0.04% 9.82
2027 18.77 Est @ 0.34% 9.09
2028 18.88 Est @ 0.61% 8.44
Present value of next 10 years cash flows £133.27
AIM:REDD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £18.88 × (1 + 1.23%) ÷ (8.39% – 1.23%)
£266.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £266.88 ÷ (1 + 8.39%)10
£119.26
AIM:REDD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £133.27 + £119.26
£252.53
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £252.53 / 306.67
£0.82
AIM:REDD Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.82
Current discount Discount to share price of £1.15
= -1 x (£1.15 - £0.82) / £0.82
-39.2%

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

  • The current share price of Redde 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 Redde's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Redde's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:REDD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.12
AIM:REDD Share Price ** AIM (2019-03-21) in GBP £1.15
United Kingdom of Great Britain and Northern Ireland Transportation Industry PE Ratio Median Figure of 8 Publicly-Listed Transportation Companies 11.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 808 Publicly-Listed Companies 15.98x

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

** Primary Listing of Redde.

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

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

= 1.15 ÷ 0.12

9.93x

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

  • Redde is good value based on earnings compared to the GB Transportation industry average.
  • Redde is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Redde's expected growth come at a high price?
Raw Data
AIM:REDD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
0.3%per year
United Kingdom of Great Britain and Northern Ireland Transportation Industry PEG Ratio Median Figure of 8 Publicly-Listed Transportation Companies 1.92x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 576 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

AIM:REDD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.93x ÷ 0.3%

37.98x

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

  • Redde is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Redde's assets?
Raw Data
AIM:REDD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.52
AIM:REDD Share Price * AIM (2019-03-21) in GBP £1.15
United Kingdom of Great Britain and Northern Ireland Transportation Industry PB Ratio Median Figure of 10 Publicly-Listed Transportation Companies 1.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,359 Publicly-Listed Companies 1.5x
AIM:REDD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.15 ÷ 0.52

2.19x

* Primary Listing of Redde.

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

  • Redde is overvalued based on assets compared to the GB Transportation industry average.
X
Value checks
We assess Redde'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 Transportation 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 Transportation industry average (and greater than 0)? (1 check)
  5. Redde has a total score of 2/6, see the detailed checks below.

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

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

Future Performance

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

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Redde expected to grow at an attractive rate?
  • Redde's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Redde's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Redde's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:REDD Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:REDD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 0.3%
AIM:REDD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -5.6%
United Kingdom of Great Britain and Northern Ireland Transportation Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
United Kingdom of Great Britain and Northern Ireland Transportation Industry Revenue Growth Rate Market Cap Weighted Average -3.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.2%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
AIM:REDD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:REDD Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 532 1
2020-06-30 498 39 36 3
2019-06-30 570 71 39 3
AIM:REDD Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 565 32 35
2018-09-30 546 36 35
2018-06-30 527 40 35
2018-03-31 513 39 32
2017-12-31 498 38 30
2017-09-30 485 43 29
2017-06-30 472 47 27
2017-03-31 457 46 26
2016-12-31 441 46 26
2016-09-30 410 44 26
2016-06-30 379 42 25
2016-03-31 336 41 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Redde's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Redde's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:REDD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Redde Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:REDD Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
AIM:REDD Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.12
2018-09-30 0.11
2018-06-30 0.11
2018-03-31 0.11
2017-12-31 0.10
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 0.09
2016-06-30 0.09
2016-03-31 0.09

*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 Redde will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Redde'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.
Redde 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 Redde 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 Redde's growth in the last year to its industry (Transportation).
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.
  • Redde's year on year earnings growth rate has been positive over the past 5 years.
  • Redde's 1-year earnings growth exceeds its 5-year average (15.8% vs 6.5%)
  • Redde's earnings growth has exceeded the GB Transportation industry average in the past year (15.8% vs 14.5%).
Earnings and Revenue History
Redde'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 Redde Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:REDD Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 564.77 35.16 88.99
2018-09-30 545.88 34.84 87.29
2018-06-30 526.98 34.53 85.59
2018-03-31 512.73 32.45 84.59
2017-12-31 498.48 30.37 83.59
2017-09-30 485.41 28.59 81.47
2017-06-30 472.34 26.81 79.34
2017-03-31 456.78 26.34 76.75
2016-12-31 441.21 25.86 74.17
2016-09-30 410.23 25.53 69.96
2016-06-30 379.24 25.19 65.74
2016-03-31 335.56 25.91 61.48
2015-12-31 291.87 26.63 57.23
2015-09-30 270.27 25.93 55.92
2015-06-30 248.67 25.24 54.62
2015-03-31 237.91 23.03 52.33
2014-12-31 227.14 20.82 50.04
2014-09-30 212.28 17.82 45.31
2014-06-30 197.42 14.82 40.58
2014-03-31 192.25 28.27 38.13
2013-12-31 187.09 41.72 35.67
2013-09-30 195.93 39.02 36.92
2013-06-30 204.77 36.32 38.17
2013-03-31 213.06 18.30 39.32
2012-12-31 221.35 0.29 40.46
2012-09-30 222.83 -2.79 40.88
2012-06-30 224.31 -5.87 41.30
2012-03-31 223.94 -23.56 39.96

*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.
  • Redde has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Redde used its assets more efficiently than the GB Transportation industry average last year based on Return on Assets.
  • Redde has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Redde'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 Transportation 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.
Redde 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 Redde'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 Redde's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Redde is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Redde's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Redde'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 4x 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 Redde Company Filings, last reported 2 months ago.

AIM:REDD Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 160.48 52.82 11.62
2018-09-30 160.48 52.82 11.62
2018-06-30 160.20 39.21 30.75
2018-03-31 160.20 39.21 30.75
2017-12-31 158.57 46.89 24.39
2017-09-30 158.57 46.89 24.39
2017-06-30 158.95 46.06 36.34
2017-03-31 158.95 46.06 36.34
2016-12-31 159.93 47.08 33.56
2016-09-30 159.93 47.08 33.56
2016-06-30 160.29 39.87 34.65
2016-03-31 160.29 39.87 34.65
2015-12-31 160.74 40.71 31.59
2015-09-30 160.74 40.71 31.59
2015-06-30 157.45 28.95 68.63
2015-03-31 157.45 28.95 68.63
2014-12-31 149.31 25.13 63.26
2014-09-30 149.31 25.13 63.26
2014-06-30 142.09 16.78 58.34
2014-03-31 142.09 16.78 58.34
2013-12-31 136.58 13.79 75.75
2013-09-30 136.58 13.79 75.75
2013-06-30 77.01 20.07 21.20
2013-03-31 77.01 20.07 21.20
2012-12-31 10.68 99.75 4.48
2012-09-30 10.68 99.75 4.48
2012-06-30 10.51 112.91 2.08
2012-03-31 10.51 112.91 2.08
  • Redde's level of debt (32.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.1% vs 32.9% today).
  • Debt is well covered by operating cash flow (60.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 263.8x coverage).
X
Financial health checks
We assess Redde'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. Redde has a total score of 5/6, 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 Redde'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
10.17%
Current annual income from Redde dividends. Estimated to be 10.29% next year.
If you bought £2,000 of Redde shares you are expected to receive £203 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?
  • Redde's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.04%).
  • Redde's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.24%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:REDD 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Transportation Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 704 Stocks 4.3%
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 5.2%

Industry and Market average data is calculated daily.

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

AIM:REDD Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.13 1.00
2020-06-30 0.12 3.00
2019-06-30 0.11 3.00
AIM:REDD Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-02-27 0.117 9.700
2018-10-24 0.117 6.692
2017-10-25 0.106 6.191
2016-10-26 0.103 6.321
2016-02-25 0.090 5.164
2015-09-18 0.085 4.852
2015-09-03 0.085 5.320
2015-02-26 0.080 6.357
2014-09-04 0.069 8.457
2014-02-27 0.034 5.528
2013-10-18 0.044 7.765
2013-09-27 0.044 8.192
2010-02-26 0.000 0.000
2009-10-02 0.000 0.000
2009-10-01 0.000 0.000
2009-03-23 0.000 0.000

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

  • Redde has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Redde only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Redde's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Redde'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 Redde afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Redde 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 Redde'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
Martin Ward
COMPENSATION £850,000
AGE 51
TENURE AS CEO 7.4 years
CEO Bio

Mr. Martin Ward has been Chief Executive Officer at Redde plc since October 2011. Mr. Ward served as Group Managing Director of Redde plc since April 8, 2009. Mr. Ward served as Managing Director of Albany Assistance Limited, a subsidiary of Redde plc from August 2005 to April 2004. He joined Redde plc in August 2005. Mr. Ward served as Commercial and Operations Director at Rarrigini & Rosso Group. Mr. Ward has 12 years of experience in the insurance industry and was the Founding Director of the Rarrigini & Rosso Group. He has been a Director of Redde plc since April 8, 2009. Mr. Ward has an MBA from Durham Business School.

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

Average tenure and age of the Redde management team in years:

8.5
Average Tenure
54
Average Age
  • The average tenure for the Redde management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Martin Ward

TITLE
CEO & Executive Director
COMPENSATION
£850K
AGE
51
TENURE
7.4 yrs

Stephen Oakley

TITLE
CFO & Executive Director
COMPENSATION
£573K
AGE
66
TENURE
7.4 yrs

Susan Howe

TITLE
Group Operations Director
TENURE
9.8 yrs

Alan Gilbert

TITLE
Group Technical Director
TENURE
9.7 yrs

Tim Williams

TITLE
Chief Human Resources Officer
TENURE
2.7 yrs

Mark Chessman

TITLE
Executive Director
AGE
54

Nick Tilley

TITLE
Company Secretary
TENURE
17.2 yrs
Board of Directors Tenure

Average tenure and age of the Redde board of directors in years:

7.4
Average Tenure
56.5
Average Age
  • The tenure for the Redde board of directors is about average.
Board of Directors

Avril Palmer-Baunack

TITLE
Non-Executive Chairman
COMPENSATION
£200K
AGE
54
TENURE
7.5 yrs

Martin Ward

TITLE
CEO & Executive Director
COMPENSATION
£850K
AGE
51
TENURE
9.9 yrs

Stephen Oakley

TITLE
CFO & Executive Director
COMPENSATION
£573K
AGE
66
TENURE
7.4 yrs

Mark Chessman

TITLE
Executive Director
AGE
54
TENURE
0.3 yrs

Mark McCafferty

TITLE
Senior Independent Director
COMPENSATION
£52K
AGE
59

John Davies

TITLE
Non-Executive Director
COMPENSATION
£52K
AGE
69
TENURE
7.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Redde insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
14. Mar 19 Buy Stephen Oakley Individual 14. Mar 19 14. Mar 19 12,500 £1.06 £13,201
14. Mar 19 Buy Martin Ward Individual 14. Mar 19 14. Mar 19 23,854 £1.05 £24,999
14. Mar 19 Buy Avril Palmer-Baunack Individual 14. Mar 19 14. Mar 19 23,837 £1.05 £25,000
12. Mar 19 Buy Stephen Oakley Individual 12. Mar 19 12. Mar 19 26,380 £0.84 £22,262
12. Mar 19 Buy Martin Ward Individual 12. Mar 19 12. Mar 19 56,497 £0.89 £50,000
12. Mar 19 Buy Avril Palmer-Baunack Individual 12. Mar 19 12. Mar 19 56,497 £0.89 £50,000
X
Management checks
We assess Redde'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. Redde 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

What Did Redde plc's (LON:REDD) CEO Take Home Last Year?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … At the time of writing our data says that Redde plc has a market cap of UK£361m, and is paying total annual CEO compensation of UK£850k. … We examined companies with market caps from UK£151m to UK£603m, and discovered that the median CEO total compensation of that group was UK£642k.

Simply Wall St -

Should Redde plc (LON:REDD) Be Your Next Stock Pick?

Redde plc (LON:REDD) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … If you're interested in understanding beyond my broad commentary,

Simply Wall St -

Introducing Redde, The Stock That Zoomed 178% In The Last Five Years

One great example is Redde plc (LON:REDD) which saw its share price drive 178% higher over five years. … Redde's earnings per share are down 27% per year, despite strong share price performance over five years. … Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

Simply Wall St -

Does Redde plc's (LON:REDD) Recent Track Record Look Strong?

After reading Redde plc's (LON:REDD) most recent earnings announcement (30 June 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … I also compare against an industry benchmark to check whether Redde's performance has been impacted by industry movements. … REDD's trailing twelve-month earnings (from 30 June 2018) of UK£35m has.

Simply Wall St -

Despite Its High P/E Ratio, Is Redde plc (LON:REDD) Still Undervalued?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Should Investors Know About Redde plc's (LON:REDD) Earnings Trend?

Redde plc's (LON:REDD) latest earnings update in June 2018a … revealed … business

Simply Wall St -

What Should You Know About Redde plc's (LON:REDD) Growth?

In June 2018, Redde plc (LON:REDD) announced its earnings update. … the consensus outlook from analysts appear fairly confident, … as a 13% increase in profits is expected in the upcoming year,

Simply Wall St -

Can Redde plc's (LON:REDD) ROE Continue To Surpass The Industry Average?

Redde has a ROE of 22%, based on the last twelve months. … That means that for every £1 worth of shareholders' equity, it generated £0.22 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

An Intrinsic Calculation For Redde plc (LON:REDD) Shows It's 36.12% Undervalued

I am going to run you through how I calculated the intrinsic value of Redde plc (LON:REDD). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

An Examination Of Redde plc (LON:REDD)

Redde plc (LON:REDD) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with great financial health as well as a.

Simply Wall St -

Company Info

Description

Redde plc provides a package of motor claims accident management, incident management, fleet management, and legal services in the United Kingdom. The company offers vehicle replacement, repair management, claims-handling assistance, and legal and other bespoke services. It also provides personal injury services, including motor accident, criminal injury, and medical negligence, as well as specialist serious injury services. In addition, the company offers Internet marketing, vehicle rental, and corporate trustee services, as well as sells legal expenses insurance products. It manages a fleet of approximately 10,000 vehicles, as well as has access to approximately 50,000 vehicles through rental partnerships. The company was formerly known as Helphire Group plc and changed its name to Redde plc in May 2014. Redde plc was founded in 1992 and is headquartered in Bath, the United Kingdom.

Details
Name: Redde plc
REDD
Exchange: AIM
Founded: 1992
£351,438,332
306,665,212
Website: http://www.redde.com
Address: Redde plc
Pinesgate,
Lower Bristol Road,
Bath,
Somerset, BA2 3DP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM REDD Ordinary Shares London Stock Exchange AIM Market GB GBP 24. Mar 1997
DB 1HP1 Ordinary Shares Deutsche Boerse AG DE EUR 24. Mar 1997
Number of employees
Current staff
Staff numbers
2,111
Redde employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 20:38
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.