NEX

National Express GroupLSE:NEX Stock Report

Market Cap

UK£1.3b

7D

-5.9%

1Y

69.0%

Updated

18 Sep, 2021

Data

Company Financials +
NEX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health0/6
Dividends0/6

NEX Overview

National Express Group PLC provides public transport services in the United Kingdom, Germany, Spain, Morocco, Switzerland, the United States, and Canada.

National Express Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for National Express Group
Historical stock prices
Current Share PriceUK£2.19
52 Week HighUK£1.11
52 Week LowUK£3.38
Beta1.49
1 Month Change-15.91%
3 Month Change-18.24%
1 Year Change68.96%
3 Year Change-44.47%
5 Year Change-36.60%
Change since IPO27.95%

Recent News & Updates

May 26
Is It Time To Consider Buying National Express Group PLC (LON:NEX)?

Is It Time To Consider Buying National Express Group PLC (LON:NEX)?

National Express Group PLC ( LON:NEX ), might not be a large cap stock, but it saw significant share price movement...

May 05
National Express Group (LON:NEX) Has Debt But No Earnings; Should You Worry?

National Express Group (LON:NEX) Has Debt But No Earnings; Should You Worry?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

NEXGB TransportationGB Market
7D-5.9%-1.9%-1.0%
1Y69.0%58.2%19.2%

Return vs Industry: NEX exceeded the UK Transportation industry which returned 58.2% over the past year.

Return vs Market: NEX exceeded the UK Market which returned 19.2% over the past year.

Price Volatility

Is NEX's price volatile compared to industry and market?
NEX volatility
NEX Beta1.49
Industry Beta1.27
Market Beta1

Stable Share Price: NEX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NEX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199147,971Jose Garathttps://www.nationalexpressgroup.com

National Express Group PLC provides public transport services in the United Kingdom, Germany, Spain, Morocco, Switzerland, the United States, and Canada. The company operates through UK, German Rail, ALSA, and North America segments. It owns and leases buses, coaches, and trains to deliver local, regional, national, and international transportation services.

National Express Group Fundamentals Summary

How do National Express Group's earnings and revenue compare to its market cap?
NEX fundamental statistics
Market CapUK£1.34b
Earnings (TTM)-UK£276.70m
Revenue (TTM)UK£1.92b

0.7x

P/S Ratio

-4.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEX income statement (TTM)
RevenueUK£1.92b
Cost of RevenueUK£1.12b
Gross ProfitUK£799.40m
ExpensesUK£1.08b
Earnings-UK£276.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 24, 2022

Earnings per share (EPS)-0.45
Gross Margin41.70%
Net Profit Margin-14.44%
Debt/Equity Ratio84.3%

How did NEX perform over the long term?

See historical performance and comparison

Valuation

Is National Express Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEX (£2.19) is trading below our estimate of fair value (£4.96)

Significantly Below Fair Value: NEX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NEX is unprofitable, so we can't compare its PE Ratio to the UK Transportation industry average.

PE vs Market: NEX is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NEX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NEX is good value based on its PB Ratio (0.9x) compared to the GB Transportation industry average (1.2x).


Future Growth

How is National Express Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

86.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: NEX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NEX's is expected to become profitable in the next 3 years.

Revenue vs Market: NEX's revenue (12.9% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: NEX's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEX's Return on Equity is forecast to be low in 3 years time (13%).


Past Performance

How has National Express Group performed over the past 5 years?

-53.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEX is currently unprofitable.

Growing Profit Margin: NEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NEX is unprofitable, and losses have increased over the past 5 years at a rate of 53.2% per year.

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

Earnings vs Industry: NEX is unprofitable, making it difficult to compare its past year earnings growth to the Transportation industry (36.4%).


Return on Equity

High ROE: NEX has a negative Return on Equity (-17.52%), as it is currently unprofitable.


Financial Health

How is National Express Group's financial position?


Financial Position Analysis

Short Term Liabilities: NEX's short term assets (£978.8M) do not cover its short term liabilities (£1.1B).

Long Term Liabilities: NEX's short term assets (£978.8M) do not cover its long term liabilities (£1.7B).


Debt to Equity History and Analysis

Debt Level: NEX's debt to equity ratio (84.3%) is considered high.

Reducing Debt: NEX's debt to equity ratio has increased from 80.9% to 84.3% over the past 5 years.

Debt Coverage: NEX's debt is not well covered by operating cash flow (5.7%).

Interest Coverage: Insufficient data to determine if NEX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is National Express Group current dividend yield, its reliability and sustainability?

3.73%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NEX'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 NEX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: NEX is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NEX's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Jose Garat

0.83

Tenure

UK£603,000

Compensation

Mr. Jose Ignacio Garat serves as the Group Chief Executive Officer and Director at National Express Group PLC since November 1, 2020. Mr. Garat was Senior Vice President Southern Europe, France and Benelux...


CEO Compensation Analysis

Compensation vs Market: Jose's total compensation ($USD829.36K) is below average for companies of similar size in the UK market ($USD1.35M).

Compensation vs Earnings: Insufficient data to compare Jose's compensation with company performance.


Leadership Team

Experienced Management: NEX's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: NEX's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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

Ownership Breakdown

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


Top Shareholders

Company Information

National Express Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: National Express Group PLC
  • Ticker: NEX
  • Exchange: LSE
  • Founded: 1991
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: UK£1.342b
  • Shares outstanding: 613.21m
  • Website: https://www.nationalexpressgroup.com

Number of Employees


Location

  • National Express Group PLC
  • National Express House
  • Birmingham Coach Station
  • Birmingham
  • West Midlands
  • B5 6DD
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:37
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.