LSE:SIG

Stock Analysis Report

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Executive Summary

Signature Aviation plc provides flight support services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Signature Aviation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.5%

SIG

-7.3%

GB Infrastructure

-3.7%

GB Market


1 Year Return

-37.9%

SIG

-36.5%

GB Infrastructure

-19.3%

GB Market

Return vs Industry: SIG underperformed the UK Infrastructure industry which returned -35.5% over the past year.

Return vs Market: SIG underperformed the UK Market which returned -19.7% over the past year.


Shareholder returns

SIGIndustryMarket
7 Day-7.5%-7.3%-3.7%
30 Day-0.8%-2.8%-4.2%
90 Day0.3%-2.8%-4.3%
1 Year-22.5%-37.9%-27.3%-36.5%-16.2%-19.3%
3 Year-21.7%-41.7%-29.3%-42.1%-13.3%-24.0%
5 Year41.8%-2.1%16.1%-8.5%10.2%-14.6%

Price Volatility Vs. Market

How volatile is Signature Aviation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Signature Aviation undervalued compared to its fair value and its price relative to the market?

29.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIG (£2.36) is trading below our estimate of fair value (£3.35)

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


Price To Earnings Ratio

PE vs Industry: SIG is unprofitable, so we can't compare its PE Ratio to the XE Infrastructure industry average.

PE vs Market: SIG 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 SIG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SIG is overvalued based on its PB Ratio (1.6x) compared to the GB Infrastructure industry average (0.9x).


Next Steps

Future Growth

How is Signature Aviation forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

51.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

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

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

Revenue vs Market: SIG's revenue (6.4% per year) is forecast to grow faster than the UK market (5.8% per year).

High Growth Revenue: SIG's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIG's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Signature Aviation performed over the past 5 years?

-2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIG is currently unprofitable.

Growing Profit Margin: SIG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SIG is unprofitable, and losses have increased over the past 5 years at a rate of 2% per year.

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

Earnings vs Industry: SIG is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-47.7%).


Return on Equity

High ROE: SIG has a negative Return on Equity (-1.67%), as it is currently unprofitable.


Next Steps

Financial Health

How is Signature Aviation's financial position?


Financial Position Analysis

Short Term Liabilities: SIG's short term assets ($772.3M) exceed its short term liabilities ($617.5M).

Long Term Liabilities: SIG's short term assets ($772.3M) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: SIG's debt to equity ratio (81.9%) is considered high.

Reducing Debt: SIG's debt to equity ratio has increased from 76.2% to 81.9% over the past 5 years.

Debt Coverage: SIG's debt is well covered by operating cash flow (23.1%).

Interest Coverage: SIG is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Signature Aviation current dividend yield, its reliability and sustainability?

2.57%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SIG'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?

2.3yrs

Average management tenure


CEO

Mark Johnstone (51 yo)

2.5yrs

Tenure

US$2,241,000

Compensation

Mr. Mark R. Johnstone has been a Chief Executive Officer at Signature Flight Support Corporation since April 1, 2018. He is the Group Chief Executive Officer and Director of Signature Aviation Plc since Ap ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD3.83M) is above average for companies of similar size in the UK market ($USD2.04M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Johnstone
Group CEO & Director2.5yrsUS$2.24m0.043%
$ 843.7k
David Crook
Group Finance Director & Director3.33yrsUS$1.26m0.015%
$ 300.8k
Kate Moy
Head of Investor Relations & Communications3.08yrsno datano data
Maria Garton
Group General Counsel2.17yrsno datano data
Tony Lefebvre
Chief Operating Officer of Signature Flight Supportno datano datano data
Shawn Hall
Chief Commercial Officer of Signature Flight Support2.25yrsno datano data
Shawn Fallon
Chief Financial Officer of Signature Flight Support1.75yrsno datano data
Ben Hooper
Chief HR Officer of Signature Flight Support1yrno datano data
Hugh McElroy
President & COO of BBA Aviation’s Global Engine Services Companies2yrsno datano data
David Blizzard
Group Company Secretary4.33yrsno datano data
Mark Harper
CSR Responsible Directorno dataUS$22.00kno data

2.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: SIG's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Johnstone
Group CEO & Director2.5yrsUS$2.24m0.043%
$ 843.7k
David Crook
Group Finance Director & Director3.33yrsUS$1.26m0.015%
$ 300.8k
Anthony Rudd
Independent Chairman6.42yrsUS$301.00k0.018%
$ 343.2k
Wayne Edmunds
Non-Executive Director7.17yrsUS$60.00kno data
Peter Ventress
Independent Non-Executive Director4.75yrsUS$79.00k0.0025%
$ 48.6k
Stephen King
Independent Non-Executive Director1.75yrsUS$67.00k0.0058%
$ 113.1k
Peter Edwards
Independent Non-Executive Director4.75yrsUS$60.00kno data
Amee Chande
Independent Non-Executive Director2.75yrsUS$60.00kno data
Victoria Jarman
Independent Non-Executive Director1.75yrsUS$59.00k0.00081%
$ 15.8k
Emma Gilthorpe
Independent Non-Executive Director2.75yrsUS$60.00kno data

3.0yrs

Average Tenure

55yo

Average Age

Experienced Board: SIG's board of directors are considered experienced (3 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

Ownership Breakdown

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


Top Shareholders

Company Information

Signature Aviation plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Signature Aviation plc
  • Ticker: SIG
  • Exchange: LSE
  • Founded: 1879
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: UK£1.954b
  • Shares outstanding: 828.83m
  • Website: https://www.signatureaviation.com

Number of Employees


Location

  • Signature Aviation plc
  • 105 Wigmore Street
  • London
  • Greater London
  • W1U 1QY
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBAV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1980
SIGLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1980
43BADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1980
SIGLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1980
BBAV.YOTCPK (Pink Sheets LLC)UNSPON ADSUSUSDMay 2008

Biography

Signature Aviation plc provides flight support services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. The company operates ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 21:06
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.