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ESKN

Esken LSE:ESKN Stock Report

Last Price

UK£0.049

Market Cap

UK£51.0m

7D

0.9%

1Y

-66.9%

Updated

28 Sep, 2022

Data

Company Financials +
ESKN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

ESKN Stock Overview

Esken Limited operates in the aviation and renewables businesses in the United Kingdom, Europe, and internationally.

Esken Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Esken
Historical stock prices
Current Share PriceUK£0.049
52 Week HighUK£0.17
52 Week LowUK£0.044
Beta1.21
1 Month Change1.76%
3 Month Change-47.71%
1 Year Change-66.93%
3 Year Change-95.91%
5 Year Change-98.15%
Change since IPO-95.21%

Recent News & Updates

Shareholder Returns

ESKNGB AirlinesGB Market
7D0.9%-9.7%-3.1%
1Y-66.9%-47.5%-14.5%

Return vs Industry: ESKN underperformed the UK Airlines industry which returned -47.5% over the past year.

Return vs Market: ESKN underperformed the UK Market which returned -14.5% over the past year.

Price Volatility

Is ESKN's price volatile compared to industry and market?
ESKN volatility
ESKN Average Weekly Movement10.0%
Airlines Industry Average Movement6.6%
Market Average Movement5.3%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: ESKN is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ESKN's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2002727Glyn Joneshttps://www.esken.com

Esken Limited operates in the aviation and renewables businesses in the United Kingdom, Europe, and internationally. It operates through Aviation, Renewables, Investments, and Non-Strategic Infrastructure segments. The Aviation segment engages in the operation of commercial airports and the provision of ground handling services.

Esken Fundamentals Summary

How do Esken's earnings and revenue compare to its market cap?
ESKN fundamental statistics
Market CapUK£51.04m
Earnings (TTM)-UK£24.70m
Revenue (TTM)UK£104.63m

0.5x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ESKN income statement (TTM)
RevenueUK£104.63m
Cost of RevenueUK£103.90m
Gross ProfitUK£729.00k
Other ExpensesUK£25.43m
Earnings-UK£24.70m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.024
Gross Margin0.70%
Net Profit Margin-23.61%
Debt/Equity Ratio244.1%

How did ESKN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ESKN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ESKN?

Other financial metrics that can be useful for relative valuation.

ESKN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA276.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ESKN's PS Ratio compare to its peers?

ESKN PS Ratio vs Peers
The above table shows the PS ratio for ESKN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.7x
GMAA Gama Aviation
0.1xn/aUK£35.5m
WIZZ Wizz Air Holdings
0.8x23.0%UK£1.7b
JET2 Jet2
1.3x27.3%UK£1.6b
GPH Global Ports Holding
0.4x14.4%UK£50.3m
ESKN Esken
0.5x9.9%UK£50.2m

Price-To-Sales vs Peers: ESKN is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does ESKN's PE Ratio compare vs other companies in the European Airlines Industry?

Price-To-Sales vs Industry: ESKN is good value based on its Price-To-Sales Ratio (0.5x) compared to the Global Airlines industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

What is ESKN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ESKN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.1x

Price-To-Sales vs Fair Ratio: ESKN is expensive based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).


Share Price vs Fair Value

What is the Fair Price of ESKN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ESKN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ESKN's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ESKN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ESKN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ESKN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ESKN's revenue (9.9% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: ESKN's revenue (9.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ESKN's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Esken performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-48.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ESKN is currently unprofitable.

Growing Profit Margin: ESKN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ESKN is unprofitable, and losses have increased over the past 5 years at a rate of 48.3% per year.

Accelerating Growth: Unable to compare ESKN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ESKN is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (7.5%).


Return on Equity

High ROE: ESKN has a negative Return on Equity (-35.22%), as it is currently unprofitable.


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Financial Health

How is Esken's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ESKN's short term assets (£89.2M) do not cover its short term liabilities (£133.0M).

Long Term Liabilities: ESKN's short term assets (£89.2M) do not cover its long term liabilities (£239.5M).


Debt to Equity History and Analysis

Debt Level: ESKN's net debt to equity ratio (169%) is considered high.

Reducing Debt: ESKN's debt to equity ratio has increased from 28.8% to 244.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ESKN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ESKN has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 6.2% each year.


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Dividend

What is Esken current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Esken Dividend Yield vs Market
How does Esken dividend yield compare to the market?
SegmentDividend Yield
Company (Esken)0%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.1%
Industry Average (Airlines)3.3%
Analyst forecast in 3 Years (Esken)0%

Notable Dividend: Unable to evaluate ESKN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ESKN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ESKN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ESKN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: ESKN is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ESKN has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Glyn Jones (63 yo)

no data

Tenure

Mr. Glyn Jones serves as the Chief Executive Officer of Stobart Aviation at Esken Limited (formerly known as Stobart Group Limited). Mr. Jones serves as Managing Director of London Luton Airport Limited. H...


Leadership Team

Experienced Management: ESKN's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: ESKN's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

LSE:ESKN Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Jun 22SellUK£16Nicholas DilworthIndividual153UK£0.10

Ownership Breakdown

What is the ownership structure of ESKN?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders54,391,5205.3%
Institutions312,818,72430.6%
General Public314,684,82130.8%
Hedge Funds338,840,91233.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 69% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
27.93%
Toscafund Limited
285,077,383£14.0m0%1.92%
5.48%
JPMorgan Chase & Co, Brokerage and Securities Investments
55,951,321£2.8m0%no data
5.39%
Harwood Capital LLP
55,000,000£2.7m0%0.42%
5.27%
Cyrus Capital Partners, L.P.
53,763,529£2.6m0%0.99%
4.26%
Schroder Investment Management Limited
43,495,335£2.1m0%no data
4.09%
Invesco Ltd.
41,778,906£2.1m0%no data
3.11%
Strategic Value Partners, LLC
31,740,314£1.6m0%0.52%
3.07%
Richard Griffiths
31,290,809£1.5m0%no data
2.58%
Royal London Asset Management Limited
26,382,791£1.3m0%no data
2.27%
Lombard Odier Asset Management (Europe) Limited
23,152,976£1.1m0%0.02%
1.92%
Alan Jenkinson
19,549,649£960.9k0%no data
1.21%
Norges Bank Investment Management
12,334,223£606.2k0%no data
0.49%
The Vanguard Group, Inc.
4,978,830£244.7k-0.76%no data
0.47%
Janus Henderson Group plc
4,845,390£238.2k0%no data
0.43%
Dimensional Fund Advisors LP
4,367,437£214.7k0.35%no data
0.19%
abrdn plc
1,961,900£96.4k11.91%no data
0.16%
Sterling Investments Management Limited
1,610,014£79.1k0%0.47%
0.15%
Barclays Bank PLC, Wealth and Investment Management Division
1,516,700£74.5k0%no data
0.12%
David James Shearer
1,226,785£60.3k0%no data
0.11%
Fidelity International Ltd
1,160,907£57.1k0%no data
0.11%
BlackRock, Inc.
1,157,976£56.9k0%no data
0.057%
Lewis Girdwood
585,714£28.8k0%no data
0.057%
State Street Global Advisors, Inc.
584,517£28.7k0%no data
0.04%
Warwick Brady
404,701£19.9k0%no data
0.038%
David Blackwood
383,818£18.9k0%no data

Company Information

Esken Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Esken Limited
  • Ticker: ESKN
  • Exchange: LSE
  • Founded: 2002
  • Industry: Airlines
  • Sector: Transportation
  • Implied Market Cap: UK£51.037m
  • Shares outstanding: 1.02b
  • Website: https://www.esken.com

Number of Employees


Location

  • Esken Limited
  • Trafalgar Court
  • Floor 2
  • Saint Peter Port
  • GY1 4LY
  • Guernsey


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESKNLSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 2004
1SJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2004
ESKN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/02/28
Annual Earnings2022/02/28


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.