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Jersey Electricity

LSE:JEL
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JEL
LSE
£142M
Market Cap
  1. Home
  2. GB
  3. Utilities
Company description

Jersey Electricity plc, together with its subsidiaries, engages in the importation, generation, transmission, and distribution of electricity in Jersey, the Channel Islands. The last earnings update was 108 days ago. More info.


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JEL Share Price and Events
Price Volatility
JEL
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Jersey Electricity's competitors could be found in our database.

Value

 Is Jersey Electricity 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 Jersey Electricity 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 Jersey Electricity.

LSE:JEL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.4%

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:JEL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 8.6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.506 (1 + (1- 20%) (21.27%))
0.592
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.4% + (0.8 * 8.6%)
8.28%

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

The calculations below outline how an intrinsic value for Jersey Electricity is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:JEL DCF 1st Stage: Next 5 year cash flow forecast
2018 2019 2020 2021 2022
Levered FCF (GBP, Millions) 6.84 6.90 6.96 7.02 7.09
Source Extrapolated @ (0.88%) Extrapolated @ (0.88%) Extrapolated @ (0.88%) Extrapolated @ (0.88%) Extrapolated @ (0.88%)
Present Value
Discounted (@ 8.28%)
6.32 5.89 5.48 5.11 4.76
Present value of next 5 years cash flows £28
LSE:JEL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)
= £7 × (1 + 1.4%) ÷ (8.28% – 1.4%)
£104
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £104 ÷ (1 + 8.28%)5
£70
LSE:JEL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £28 + £70
£98
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £98 / 31
£3.19
LSE:JEL Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.19
Current discount Discount to share price of £4.58
= -1 x (£4.58 - £3.19) / £3.19
-43.6%

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

  • The current share price of Jersey Electricity 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 Jersey Electricity's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jersey Electricity's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:JEL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in GBP £0.37
LSE:JEL Share Price ** LSE (2018-07-16) in GBP £4.58
Europe Electric Utilities Industry PE Ratio Median Figure of 168 Publicly-Listed Electric Utilities Companies 12.74x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 882 Publicly-Listed Companies 17.07x

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

** Primary Listing of Jersey Electricity.

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

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

= 4.58 ÷ 0.37

12.51x

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

  • Jersey Electricity is good value based on earnings compared to the Europe Electric Utilities industry average.
  • Jersey Electricity is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Jersey Electricity's expected growth come at a high price?
Raw Data
LSE:JEL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-0.8%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 125 Publicly-Listed Electric Utilities Companies 1.93x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 592 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

LSE:JEL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.51x ÷ -0.8%

-16.04x

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

  • Jersey Electricity earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jersey Electricity's assets?
Raw Data
LSE:JEL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in GBP £5.85
LSE:JEL Share Price * LSE (2018-07-16) in GBP £4.58
Europe Electric Utilities Industry PB Ratio Median Figure of 190 Publicly-Listed Electric Utilities Companies 1.16x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,515 Publicly-Listed Companies 1.71x
LSE:JEL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.58 ÷ 5.85

0.78x

* Primary Listing of Jersey Electricity.

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

  • Jersey Electricity is good value based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Jersey Electricity'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Jersey Electricity has a total score of 3/6, 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 Jersey Electricity expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jersey Electricity expected to grow at an attractive rate?
  • Jersey Electricity's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Jersey Electricity's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Jersey Electricity's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:JEL Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:JEL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -0.8%
LSE:JEL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.9%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 9.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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:JEL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:JEL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 11
2019-09-30 108 11 1
2018-09-30 104 11 1
LSE:JEL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-03-31 105 28 11
2017-12-31 104 27 11
2017-09-30 102 26 11
2017-06-30 103 26 11
2017-03-31 104 25 12
2016-12-31 104 25 12
2016-09-30 103 25 12
2016-06-30 103 24 11
2016-03-31 102 24 11
2015-12-31 101 23 11
2015-09-30 100 23 11
2015-06-30 100 23 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jersey Electricity's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Jersey Electricity's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
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:JEL 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 1 Analyst Estimates (S&P Global) See Below

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

LSE:JEL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 0.35 0.35 0.35 1.00
2019-09-30 0.35 0.35 0.35 1.00
2018-09-30 0.35 0.35 0.35 1.00
LSE:JEL Past Financials Data
Date (Data in GBP Millions) EPS *
2018-03-31 0.37
2017-12-31 0.36
2017-09-30 0.35
2017-06-30 0.37
2017-03-31 0.40
2016-12-31 0.39
2016-09-30 0.38
2016-06-30 0.36
2016-03-31 0.35
2015-12-31 0.35
2015-09-30 0.35
2015-06-30 0.32

*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 Jersey Electricity will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Jersey Electricity'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Jersey Electricity 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 Jersey Electricity 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 Jersey Electricity's growth in the last year to its industry (Electric Utilities).
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.
  • Jersey Electricity's year on year earnings growth rate has been positive over the past 5 years.
  • Jersey Electricity's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jersey Electricity's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
Jersey Electricity'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 Jersey Electricity Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:JEL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 104.78 11.23 23.95
2017-12-31 103.55 10.91 24.17
2017-09-30 102.32 10.60 24.38
2017-06-30 103.32 11.41 24.50
2017-03-31 104.33 12.23 24.63
2016-12-31 103.85 11.89 24.06
2016-09-30 103.36 11.55 23.50
2016-06-30 102.52 11.12 22.94
2016-03-31 101.68 10.69 22.37
2015-12-31 101.08 10.71 22.15
2015-09-30 100.48 10.73 21.93
2015-06-30 99.90 9.88 21.55
2015-03-31 99.33 9.03 21.16
2014-12-31 98.89 6.98 20.62
2014-09-30 98.44 4.93 20.08
2014-06-30 99.47 5.06 20.69
2014-03-31 100.50 5.19 21.30
2013-12-31 101.42 4.63 20.98
2013-09-30 102.34 4.07 20.66
2013-06-30 101.07 1.97 20.74
2013-03-31 99.80 -0.12 20.82
2012-12-31 98.49 1.86 20.86
2012-09-30 97.18 3.85 20.90
2012-06-30 98.07 6.01 20.22
2012-03-31 98.95 8.18 19.55
2011-12-31 99.72 8.39 19.55
2011-09-30 100.49 8.59 19.55

*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.
  • Jersey Electricity has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jersey Electricity used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Jersey Electricity's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Jersey Electricity'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 Electric Utilities 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.
Jersey Electricity 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.

Health

 How is Jersey Electricity'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 Jersey Electricity's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jersey Electricity is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jersey Electricity's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Jersey Electricity'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x 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 Jersey Electricity Company Filings, last reported 3 months ago.

LSE:JEL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 179.42 30.24 9.77
2017-12-31 179.42 30.24 9.77
2017-09-30 176.26 30.24 8.08
2017-06-30 176.26 30.24 8.08
2017-03-31 172.78 34.24 4.56
2016-12-31 172.78 34.24 4.56
2016-09-30 164.11 31.18 1.93
2016-06-30 164.11 31.18 1.93
2016-03-31 158.52 30.24 8.91
2015-12-31 158.52 30.24 8.91
2015-09-30 147.73 30.24 12.50
2015-06-30 147.73 30.24 12.50
2015-03-31 146.91 30.24 8.11
2014-12-31 146.91 30.24 8.11
2014-09-30 146.14 30.24 9.78
2014-06-30 146.14 30.24 9.78
2014-03-31 150.48 31.24 11.46
2013-12-31 150.48 31.24 11.46
2013-09-30 148.83 10.24 4.80
2013-06-30 148.83 10.24 4.80
2013-03-31 146.96 8.24 9.18
2012-12-31 146.96 8.24 9.18
2012-09-30 136.21 0.31 14.33
2012-06-30 136.21 0.31 14.33
2012-03-31 144.41 0.24 17.43
2011-12-31 144.41 0.24 17.43
2011-09-30 140.86 0.24 24.53
  • Jersey Electricity's level of debt (16.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.6% vs 16.9% today).
  • Debt is well covered by operating cash flow (93.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.8x coverage).
X
Financial health checks
We assess Jersey Electricity'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. Jersey Electricity has a total score of 4/6, 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 Jersey Electricity'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
3.88%
Current annual income from Jersey Electricity dividends. Estimated to be 3.34% next year.
If you bought £2,000 of Jersey Electricity shares you are expected to receive £78 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?
  • Jersey Electricity's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.72%).
  • Jersey Electricity's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (4.56%).
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:JEL 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 1 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 148 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 744 Stocks 3.9%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 0.9%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

LSE:JEL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30 0.16 1.00
2018-09-30 0.15 1.00
LSE:JEL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-01-17 0.178 3.690
2017-12-14 0.178 3.702
2016-12-14 0.135 3.077
2016-01-25 0.161 3.651
2015-12-18 0.161 3.422
2015-02-02 0.153 3.570
2014-12-18 0.153 4.221
2014-01-27 0.144 4.414
2013-12-18 0.116 3.688
2013-05-17 0.113 3.702
2012-12-21 0.110 3.894
2011-12-15 0.108 3.436
2011-12-14 0.108 3.209
2010-12-16 0.103 2.952
2009-12-18 0.098 2.818
2009-12-17 0.098 2.746
2008-12-17 0.093 2.769
2008-07-21 0.074 2.682

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Jersey Electricity's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by net profit (2x 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 Jersey Electricity's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Jersey Electricity afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jersey Electricity has a total score of 4/6, 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 Jersey Electricity'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
Chris Ambler, image provided by Google.
Chris Ambler
COMPENSATION £307,186
AGE 48
TENURE AS CEO 9.8 years
CEO Bio

Mr. Christopher John Ambler, also known as Chris, BA, MEng, CDipAF, CEng, MIMechE, MBA, has been the Chief Executive Officer of Jersey Electricity plc since October 1, 2008. Mr. Ambler has wide international experience of strategic and operational business development in the energy and technology sectors, gained whilst working for major corporations including ICI/Zeneca, BOC and British Gas/Centrica, as well as corporate finance consulting roles. He has been an Executive Director of Jersey Electricity plc since October 1, 2008. Mr. Ambler is a Director of Channel Islands Electricity Grid Limited. Externally, he is also a non-Executive Director of Apax Global Alpha Limited and Foresight Solar Fund Limited, both being listed funds on The London Stock Exchange. Mr. Ambler is a Chartered Engineer with a First Class Honours Degree from Queens' College Cambridge and an MBA from INSEAD, Europe's leading Business School.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year.
  • Chris's compensation appears reasonable for a company of this size and profit level.
Management Team Tenure

Average tenure of the Jersey Electricity management team in years:

7.6
Average Tenure
  • The average tenure for the Jersey Electricity management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Chris Ambler

TITLE
CEO & Executive Director
COMPENSATION
£307K
AGE
48
TENURE
9.8 yrs

Martin Magee

TITLE
Finance Director & Executive Director
COMPENSATION
£240K
AGE
58
TENURE
16.2 yrs

Mark Preece

TITLE
Operations Director
TENURE
1.3 yrs

Joanne Waring-Hockley

TITLE
Human Resources Director
TENURE
3.3 yrs

John Duquemin

TITLE
Chief Engineer

Peter Cadiou

TITLE
Head of Commercial Services
TENURE
4.5 yrs

Peter Routier

TITLE
Company Secretary
TENURE
22.5 yrs

Gregor Wake

TITLE
Financial Controller
TENURE
5.5 yrs

Ian Crawley

TITLE
Operations Manager
TENURE
15.5 yrs
Board of Directors Tenure

Average tenure and age of the Jersey Electricity board of directors in years:

2.6
Average Tenure
58
Average Age
  • The average tenure for the Jersey Electricity board of directors is less than 3 years, this suggests a new board.
Board of Directors

Geoffrey Grime

TITLE
Chairman
COMPENSATION
£40K
AGE
70
TENURE
10.3 yrs

Chris Ambler

TITLE
CEO & Executive Director
COMPENSATION
£307K
AGE
48
TENURE
9.8 yrs

Martin Magee

TITLE
Finance Director & Executive Director
COMPENSATION
£240K
AGE
58
TENURE
16.2 yrs

Aaron Le Cornu

TITLE
Senior Independent Director
COMPENSATION
£25K
AGE
48

Alan Bryce

TITLE
Non-Executive Director
COMPENSATION
£20K
AGE
58
TENURE
2.6 yrs

Phil Austin

TITLE
Non-Executive Director
COMPENSATION
£8K
AGE
68
TENURE
2.2 yrs

Wendy Dorman

TITLE
Non-Executive Director
COMPENSATION
£5K
AGE
56
TENURE
2 yrs

Tony Taylor

TITLE
Non-Executive Director
TENURE
0.8 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess Jersey Electricity's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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. Jersey Electricity 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

External News
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Simply Wall St News

Jersey Electricity plc (LON:JEL): The Return Story

Jersey Electricity stock represents an ownership share in the company. … Owing to this, it is important that the underlying business is producing a sufficient amount of income from the capital invested by stockholders … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock.

Simply Wall St -

How Did Jersey Electricity plc's (LON:JEL) 6.30% ROE Fare Against The Industry?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Jersey Electricity plc (LON:JEL)’s return fundamentals and stock market performance. … With an ROE of 6.30%, Jersey Electricity plc (LON:JEL) returned in-line to its own industry which delivered 8.59% over the past year.

Simply Wall St -

Jersey Electricity plc (LON:JEL): Does The Earnings Decline Make It An Underperformer?

When Jersey Electricity plc (LON:JEL) announced its most recent earnings (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … JEL's trailing twelve-month earnings (from 31 March 2018) of UK£11.23m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 13.61%, indicating the rate at which JEL is growing has slowed down

Simply Wall St -

Is It Time To Buy Jersey Electricity plc (LON:JEL) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for JEL Price per share = £4.75 Earnings per share = £0.366 ∴ Price-Earnings Ratio = £4.75 ÷ £0.366 = 13x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with JEL, then investors would naturally value JEL at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with JEL, investors would also value JEL at a lower price since it is a lower growth investment.

Simply Wall St -

Interested In Jersey Electricity plc (LON:JEL)’s Upcoming £0.06 Dividend? You Have 3 Days Left

If you are interested in cashing in on Jersey Electricity plc's (LSE:JEL) upcoming dividend of £0.06 per share, you only have 3 days left to buy the shares before its ex-dividend date, 31 May 2018, in time for dividends payable on the 29 June 2018. … Check out our latest analysis for Jersey Electricity Here's how I find good dividend stocks If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … Relative to peers, Jersey Electricity produces a yield of 3.68%, which is on the low-side for Electric Utilities stocks.

Simply Wall St -

Jersey Electricity plc (LON:JEL): Is Now The Time To Bet On Utilities?

View our latest analysis for Jersey Electricity What’s the catalyst for Jersey Electricity's sector growth? … Jersey Electricity lags the pack with its negative growth rate of -8.21% over the past year, which indicates the company has been growing at a slower pace than its utilities peers. … Although Jersey Electricity is poised to deliver a 0.60% growth next year, moving it from negative to positive territory, it still lags its industry average rate of growth of 3.33%.

Simply Wall St -

Top Rated LSE Dividend Stocks

LSE:JEL Historical Dividend Yield May 8th 18 Sirius Real Estate Limited (LSE:SRE) Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial properties in Germany. … Sirius Real Estate’s earnings per share growth of 42.86% outpaced the gb real estate industry’s 20.84% average growth rate over the last year. … LSE:SRE Historical Dividend Yield May 8th 18 Halfords Group plc (LSE:HFD) Halfords Group plc, through its subsidiaries, retails automotive, leisure, and cycling products.

Simply Wall St -

What You Must Know About Jersey Electricity plc's (LON:JEL) Major Investors

A company's ownership structure is often linked to its share performance in both the long- and short-term. … See our latest analysis for Jersey Electricity LSE:JEL Ownership_summary May 2nd 18 Institutional Ownership Due to the big order sizes of institutional investors, a company's shares can experience large, one-sided momentum, driven by high volume of shares removed from, or injected into, the market. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Is Jersey Electricity plc's (LON:JEL) Balance Sheet A Threat To Its Future?

Moreover, JEL has generated UK£26.46M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 87.52%, meaning that JEL’s current level of operating cash is high enough to cover debt. … Looking at JEL’s most recent UK£16.92M liabilities, the company has been able to meet these commitments with a current assets level of UK£35.14M, leading to a 2.08x current account ratio. … In JEL's, case, the ratio of 11.04x suggests that interest is comfortably covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: JEL has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

Hedge Your Bet With These Dividend Payers

LSE:JEL Historical Dividend Yield Apr 7th 18 Keller Group plc (LSE:KLR) Keller Group plc provides geotechnical solutions in North America, Europe, the Middle East, Africa, and the Asia-Pacific. … LSE:KLR Historical Dividend Yield Apr 7th 18 Halfords Group plc (LSE:HFD) Halfords Group plc, through its subsidiaries, retails automotive, leisure, and cycling products. … LSE:HFD Historical Dividend Yield Apr 7th 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

Company Info

Map
Description

Jersey Electricity plc, together with its subsidiaries, engages in the importation, generation, transmission, and distribution of electricity in Jersey, the Channel Islands. The company offers energy solutions and services for enterprises to switch their heating and cooling systems from fossil-based fuels to electric; and building services, including design, installation, and maintenance services, which cover heating systems, electric works, plumbing services, air conditioning, low energy and LED lighting, renewable systems, commercial refrigeration, and maintenance services. It also provides mechanical and electrical building consultancy services that include projects, such as serviced houses, hotels, leisure centers, office developments, schools, social housing estates, computer data centers, and retail outlets; designs, sells, and maintains refrigeration and catering equipment; and operates and leases Powerhouse retail park to retailers. In addition, the company engages in the provision of Jenworks, a multi-utility billing engine; and property management business, as well as other businesses, which comprise software development and consulting. Further, it provides a range of electrical appliances, such as cookers, washing machines, dishwashers, fridges, and freezers; small appliances comprising vacuum cleaners, kettles, coffee makers, toasters, blenders, and food processors; and TVs, computers, mobile devices, digital cameras, and game consoles, as well as cooking equipment and accessories through retail shop and online. The company was founded in 1924 and is headquartered in St Helier, Jersey.

Details
Name: Jersey Electricity plc
JEL
Exchange: LSE
Founded: 1924
£142,169,600
30,640,000
Website: http://www.jec.co.uk
Address: Jersey Electricity plc
The Powerhouse,
PO Box 45,
St Helier,
JE4 8NY,
Jersey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE JEL A Ordinary Shares London Stock Exchange GB GBP 24. Feb 1994
Number of employees
Current staff
Staff numbers
326
Jersey Electricity employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/07/17 18:28
End of day share price update: 2018/07/16 00:00
Last estimates confirmation: 2018/07/12
Last earnings update: 2018/03/31
Last annual earnings update: 2017/09/30


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.