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Parity Group

BST:PAY1
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PAY1
BST
£5M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Parity Group plc, together with its subsidiaries, provides a range of recruitment, and business and technology solutions to clients in the public and private sectors in the United Kingdom. The last earnings update was 196 days ago. More info.


Add to Portfolio Compare Print
  • Parity Group has significant price volatility in the past 3 months.
PAY1 Share Price and Events
7 Day Returns
10000%
BST:PAY1
-5.7%
Europe Professional Services
-3%
DE Market
1 Year Returns
27.8%
BST:PAY1
-10.8%
Europe Professional Services
-20.6%
DE Market
PAY1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Parity Group (PAY1) 10000% 40.3% -24.6% 27.8% -36.1% -15.8%
Europe Professional Services -5.7% -19.3% -21.5% -10.8% 0.5% 17.2%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • PAY1 outperformed the Professional Services industry which returned -10.8% over the past year.
  • PAY1 outperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
PAY1
Industry
5yr Volatility vs Market

PAY1 Value

 Is Parity Group 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 Parity Group 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 Parity Group.

BST:PAY1 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 8.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 BST:PAY1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.777 (1 + (1- 19%) (140.45%))
1.443
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.443 * 6.07%)
8.37%

Discounted Cash Flow Calculation for BST:PAY1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Parity Group 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:PAY1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.37%)
2020 0.94 Analyst x1 0.87
2021 0.96 Est @ 2.48% 0.82
2022 0.98 Est @ 1.62% 0.77
2023 0.99 Est @ 1.02% 0.72
2024 0.99 Est @ 0.59% 0.67
2025 1.00 Est @ 0.3% 0.62
2026 1.00 Est @ 0.09% 0.57
2027 1.00 Est @ -0.05% 0.52
2028 1.00 Est @ -0.15% 0.48
2029 0.99 Est @ -0.22% 0.45
Present value of next 10 years cash flows £6.00
BST:PAY1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £0.99 × (1 + -0.39%) ÷ (8.37% – -0.39%)
£11.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £11.31 ÷ (1 + 8.37%)10
£5.06
BST:PAY1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £6.00 + £5.06
£11.06
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £11.06 / 102.62
£0.11
BST:PAY1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:PAY1 represents 1.01x of AIM:PTY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.11 x 1.01
€0.11
Value per share (EUR) From above. €0.11
Current discount Discount to share price of €0.05
= -1 x (€0.05 - €0.11) / €0.11
53.6%

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

Current Discount
Amount off the current price Parity Group is available for.
Intrinsic value
>50%
Share price is €0.0505 vs Future cash flow value of €0.10889
Current Discount Checks
For Parity Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Parity Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Parity Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Parity Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Parity Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:PAY1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.00
AIM:PTY Share Price ** AIM (2020-04-03) in GBP £0.05
Europe Professional Services Industry PE Ratio Median Figure of 89 Publicly-Listed Professional Services Companies 13.4x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Parity Group.

BST:PAY1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.05 ÷ 0.00

-24.91x

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

  • Parity Group is loss making, we can't compare its value to the Europe Professional Services industry average.
  • Parity Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Parity Group's expected growth come at a high price?
Raw Data
BST:PAY1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -24.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Professional Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Professional Services Companies 0.93x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Parity Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Parity Group's assets?
Raw Data
BST:PAY1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.07
AIM:PTY Share Price * AIM (2020-04-03) in GBP £0.05
Europe Professional Services Industry PB Ratio Median Figure of 122 Publicly-Listed Professional Services Companies 1.65x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
BST:PAY1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.05 ÷ 0.07

0.74x

* Primary Listing of Parity Group.

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

  • Parity Group is good value based on assets compared to the Europe Professional Services industry average.
X
Value checks
We assess Parity Group'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Parity Group 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.

PAY1 Future Performance

 How is Parity Group 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
-19.2%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Parity Group expected to grow at an attractive rate?
  • Unable to compare Parity Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Parity Group's earnings growth to the Germany market average as no estimate data is available.
  • Parity Group's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:PAY1 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:PAY1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -19.2%
Europe Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Europe Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
BST:PAY1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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.
BST:PAY1 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 65 1 1
2019-12-31 80 1 1
BST:PAY1 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 87 1 0
2019-03-31 87 1 0
2018-12-31 86 1 0
2018-06-30 84 1 2
2018-03-31 84 2 2
2017-12-31 84 3 2
2017-06-30 88 4 1
2017-03-31 90 4 1
2016-12-31 92 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Parity Group is high growth as no earnings estimate data is available.
  • Parity Group'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
BST:PAY1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Parity Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:PAY1 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
BST:PAY1 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01

*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 Parity Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Parity Group'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.
Parity Group 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.

PAY1 Past Performance

  How has Parity Group performed over the past 5 years?

  • Parity Group's last earnings update was 196 days ago.
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 Parity Group's growth in the last year to its industry (Professional Services).
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.
  • Parity Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Parity Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Parity Group's 1-year growth to the Europe Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Parity Group'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 Parity Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:PAY1 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 87.41 -0.21 0.95
2019-03-31 86.76 0.11 0.95
2018-12-31 86.11 0.42 0.95
2018-06-30 84.12 2.33 0.84
2018-03-31 83.97 2.26 0.84
2017-12-31 83.82 2.20 0.84
2017-06-30 88.46 1.28 1.01
2017-03-31 90.11 1.08 1.01
2016-12-31 91.76 0.88 1.01
2016-06-30 87.65 -2.31 1.45
2016-03-31 85.13 -2.87 1.45
2015-12-31 82.61 -3.43 1.45
2015-09-30 83.88 -2.42 0.85
2015-06-30 85.16 -1.41 0.24
2015-03-31 88.71 -0.92 0.24
2014-12-31 92.26 -0.43 0.24
2014-09-30 92.99 -0.69 1.17
2014-06-30 93.73 -0.95 2.09
2014-03-31 92.84 -1.32 2.09
2013-12-31 91.95 -1.69 2.09
2013-09-30 90.74 -1.72 2.00
2013-06-30 89.53 -1.74 1.92

*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.
  • It is difficult to establish if Parity Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Parity Group has efficiently used its assets last year compared to the Europe Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Parity Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Parity Group'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 Professional Services 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.
Parity Group has a total score of 0/6, 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.

PAY1 Health

 How is Parity Group'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 Parity Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Parity Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Parity Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Parity Group'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 2.6x 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 Parity Group Company Filings, last reported 9 months ago.

BST:PAY1 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6.92 6.33 5.15
2019-03-31 6.92 6.33 5.15
2018-12-31 6.56 6.91 5.83
2018-06-30 7.73 7.36 5.46
2018-03-31 7.73 7.36 5.46
2017-12-31 7.19 6.58 4.97
2017-06-30 6.84 6.81 4.48
2017-03-31 6.84 6.81 4.48
2016-12-31 6.46 8.61 4.27
2016-06-30 5.89 10.58 4.11
2016-03-31 5.89 10.58 4.11
2015-12-31 6.02 9.97 2.65
2015-09-30 6.02 9.97 2.65
2015-06-30 7.90 9.63 3.02
2015-03-31 7.90 9.63 3.02
2014-12-31 8.89 9.50 2.97
2014-09-30 8.89 9.50 2.97
2014-06-30 9.75 11.57 4.63
2014-03-31 9.75 11.57 4.63
2013-12-31 9.66 9.90 7.38
2013-09-30 9.66 9.90 7.38
2013-06-30 3.83 9.02 3.15
  • Parity Group's level of debt (91.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (118.2% vs 91.4% today).
  • Debt is well covered by operating cash flow (20.4%, greater than 20% of total debt).
  • Parity Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Parity Group'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. Parity Group 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.

PAY1 Dividends

 What is Parity Group'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
0%
Current annual income from Parity Group dividends. Estimated to be 0% next year.
If you bought €2,000 of Parity Group shares you are expected to receive €0 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?
  • Unable to evaluate Parity Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Parity Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BST:PAY1 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 Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

BST:PAY1 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Parity Group has not reported any payouts.
  • Unable to verify if Parity Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Parity Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Parity Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Parity Group's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Parity Group'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 Parity Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Parity Group has a total score of 0/6, see the detailed checks below.


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

PAY1 Management

 What is the CEO of Parity Group'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
Matt Bayfield
AGE 44
TENURE AS CEO 1.2 years
CEO Bio

Mr. Matthew Bayfield, Matt Co-founded Tree LLP (Tree (London) Limited) in 2001 and serves as its Partner. Mr. Bayfield has been a Chief Executive Officer and Director of Parity Group plc since February 5, 2019. He served as the Managing Director of Parity Consulting at Parity Group plc since May 2018. Mr. Bayfield serves as Joint Managing Director of Cagney PLC. He serves as Joint Managing Director of Tree (London) LLP at Cubo Communications Group Plc. He has been Head of Data Practice for EAME at OgilvyOne, LLC since January 2013. He served as Head of Data Planning of Archibald Ingall Stretton. He lectured in social research methods. Mr. Bayfield served as Marketing analysis Manager at Pell & Bales and Business solutions consultant of Claritas UK. He graduated in Psychology.

CEO Compensation
  • Insufficient data for Matt to compare compensation growth.
  • Insufficient data for Matt to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Parity Group management team in years:

1.2
Average Tenure
  • The average tenure for the Parity Group management team is less than 2 years, this suggests a new team.
Management Team

Roger Antony

TITLE
Group Finance Director & Director
COMPENSATION
£189K
AGE
51
TENURE
4 yrs

Matt Bayfield

TITLE
CEO & Director
AGE
44
TENURE
1.2 yrs

Laura Gordon

TITLE
Marketing Director
TENURE
2.3 yrs

Shaun O’Hara

TITLE
People Director

Antonio Acuña

TITLE
Head of Consulting
TENURE
1 yrs

Dianne Martin

TITLE
Head of L&OD Practice
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Parity Group board of directors in years:

3.3
Average Tenure
54.5
Average Age
  • The tenure for the Parity Group board of directors is about average.
Board of Directors

John Conoley

TITLE
Non-Executive Chairman
COMPENSATION
£60K
AGE
58
TENURE
3 yrs

Roger Antony

TITLE
Group Finance Director & Director
COMPENSATION
£189K
AGE
51
TENURE
4 yrs

Matt Bayfield

TITLE
CEO & Director
AGE
44
TENURE
1.2 yrs

David Samuel Firth

TITLE
Non-Executive Director
COMPENSATION
£45K
AGE
59
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Nov 19 Buy Roger Antony Individual 18. Nov 19 18. Nov 19 53,515 €0.11 €5,790
17. Apr 19 Buy John Conoley Individual 16. Apr 19 17. Apr 19 194,636 €0.09 €17,293
X
Management checks
We assess Parity Group'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. Parity Group 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.

PAY1 News

Simply Wall St News

PAY1 Company Info

Description

Parity Group plc, together with its subsidiaries, provides a range of recruitment, and business and technology solutions to clients in the public and private sectors in the United Kingdom. The company operates through two segments, Parity Professionals and Parity Consultancy Services. The Parity Professionals segment provides interim recruitment and graduate placement services to a range of clients. It serves central and local government in the public sector; and utilities, FMCG, insurance, oil, and transport clients in the private sector. The Parity Consultancy Services segment offers business intelligence, technology, and business consultancy services. This segment serves central government departments in the public sector; and to FMCG and legal clients in the private sector. Parity Group plc was founded in 1993 and is based in London, the United Kingdom.

Details
Name: Parity Group plc
PAY1
Exchange: BST
Founded: 1993
£5,823,428
102,624,020
Website: http://www.parity.net
Address: Parity Group plc
Dawson House,
5 Jewry Street,
London,
Greater London, EC3N 2EX,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM PTY Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
BST PAY1 Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
60
Parity Group employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 23:14
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/12
Last earnings filing: 2019/09/20
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.