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Aptitude Software Group

BST:MH5B
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MH5B
BST
£335M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Aptitude Software Group plc, together with its subsidiaries, develops, implements, and supports business critical software and related services in the United Kingdom and internationally. The last earnings update was 120 days ago. More info.


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MH5B Share Price and Events
7 Day Returns
1.2%
BST:MH5B
0.3%
DE Software
-0.4%
DE Market
1 Year Returns
29.8%
BST:MH5B
36.2%
DE Software
10.4%
DE Market
MH5B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aptitude Software Group (MH5B) 1.2% 0.6% -9.5% 29.8% - -
DE Software 0.3% 3.6% 13.8% 36.2% 56.8% 121.8%
DE Market -0.4% 3% 11.1% 10.4% 13.8% 15.7%
1 Year Return vs Industry and Market
  • MH5B underperformed the Software industry which returned 36.2% over the past year.
  • MH5B outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
MH5B
Industry
5yr Volatility vs Market

Value

 Is Aptitude Software 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 Aptitude Software 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 Aptitude Software Group.

BST:MH5B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:MH5B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.128 (1 + (1- 19%) (0.76%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.091 * 6.65%)
7.48%

Discounted Cash Flow Calculation for BST:MH5B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aptitude Software 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:MH5B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.48%)
2020 11.10 Analyst x2 10.33
2021 12.45 Analyst x2 10.78
2022 16.70 Analyst x1 13.45
2023 19.15 Est @ 14.69% 14.35
2024 21.13 Est @ 10.35% 14.74
2025 22.68 Est @ 7.31% 14.71
2026 23.86 Est @ 5.19% 14.40
2027 24.74 Est @ 3.7% 13.89
2028 25.40 Est @ 2.66% 13.27
2029 25.89 Est @ 1.93% 12.58
Present value of next 10 years cash flows £132.00
BST:MH5B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £25.89 × (1 + 0.23%) ÷ (7.48% – 0.23%)
£357.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £357.76 ÷ (1 + 7.48%)10
£173.90
BST:MH5B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £132.00 + £173.90
£305.90
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £305.90 / 55.64
£5.5
BST:MH5B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:MH5B represents 1.10632x of LSE:APTD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.10632x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 5.50 x 1.10632
€6.08
Value per share (EUR) From above. €6.08
Current discount Discount to share price of €6.66
= -1 x (€6.66 - €6.08) / €6.08
-9.5%

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

  • The current share price of Aptitude Software Group 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 Aptitude Software Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aptitude Software Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:MH5B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.28
LSE:APTD Share Price ** LSE (2019-11-21) in GBP £6.02
Germany Software Industry PE Ratio Median Figure of 22 Publicly-Listed Software Companies 37.8x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.78x

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

** Primary Listing of Aptitude Software Group.

BST:MH5B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 6.02 ÷ 0.28

21.84x

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

  • Aptitude Software Group is good value based on earnings compared to the DE Software industry average.
  • Aptitude Software Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Aptitude Software Group's expected growth come at a high price?
Raw Data
BST:MH5B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-14.6%per year
Germany Software Industry PEG Ratio Median Figure of 15 Publicly-Listed Software Companies 1.66x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

BST:MH5B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.84x ÷ -14.6%

-1.5x

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

  • Aptitude Software Group 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 Aptitude Software Group's assets?
Raw Data
BST:MH5B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £1.64
LSE:APTD Share Price * LSE (2019-11-21) in GBP £6.02
Germany Software Industry PB Ratio Median Figure of 36 Publicly-Listed Software Companies 3.08x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
BST:MH5B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.02 ÷ 1.64

3.68x

* Primary Listing of Aptitude Software Group.

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

  • Aptitude Software Group is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess Aptitude Software 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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Aptitude Software Group has a total score of 1/6, 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 Aptitude Software Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
-14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aptitude Software Group expected to grow at an attractive rate?
  • Aptitude Software Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Aptitude Software Group's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Aptitude Software Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:MH5B Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:MH5B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -14.6%
BST:MH5B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.4%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 26.6%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:MH5B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:MH5B Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 80 18 13 1
2021-12-31 71 13 10 2
2020-12-31 65 12 9 2
2019-12-31 59 9 18 2
2019-11-21
BST:MH5B Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 74 20 15
2019-03-31 72 16 14
2018-12-31 70 12 14
2018-09-30 60 11 10
2018-06-30 60 10 9
2018-03-31 62 11 10
2017-12-31 63 12 11
2017-09-30 57 13 9
2017-06-30 52 14 7
2017-03-31 47 12 7
2016-12-31 43 11 6
2016-09-30 39 7 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aptitude Software Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Aptitude Software Group's revenue is expected to grow by 5.4% 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
BST:MH5B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Aptitude Software Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:MH5B Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.19 0.19 0.19 1.00
2020-12-31 0.17 0.17 0.17 1.00
2019-12-31 0.13 0.13 0.13 1.00
2019-11-21
BST:MH5B Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.28
2019-03-31 0.27
2018-12-31 0.26
2018-09-30 0.19
2018-06-30 0.16
2018-03-31 0.18
2017-12-31 0.20
2017-09-30 0.17
2017-06-30 0.14
2017-03-31 0.13
2016-12-31 0.12
2016-09-30 0.10

*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.
  • Aptitude Software Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aptitude Software 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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Aptitude Software Group has a total score of 1/6, 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 Aptitude Software Group 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 Aptitude Software Group's growth in the last year to its industry (Software).
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.
  • Aptitude Software Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Aptitude Software Group's 1-year earnings growth exceeds its 5-year average (67.3% vs 28.1%)
  • Aptitude Software Group's earnings growth has exceeded the DE Software industry average in the past year (67.3% vs 14.8%).
Earnings and Revenue History
Aptitude Software 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 Aptitude Software Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:MH5B 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 73.69 14.68
2019-03-31 71.99 14.24
2018-12-31 70.29 13.79
2018-09-30 60.42 10.13
2018-06-30 60.06 8.78
2018-03-31 61.54 9.64
2017-12-31 63.02 10.50
2017-09-30 57.45 8.95
2017-06-30 51.88 7.41
2017-03-31 47.43 6.82
2016-12-31 42.99 6.24
2016-09-30 39.32 5.03 -0.05
2016-06-30 35.65 3.82 -0.10
2016-03-31 33.80 3.77 -0.10
2015-12-31 31.96 3.73 -0.10
2015-09-30 31.43 4.20 -0.15
2015-06-30 30.91 4.67 -0.20
2015-03-31 30.36 4.39 -0.20
2014-12-31 29.81 4.11 -0.20
2014-09-30 29.70 4.74 -0.16
2014-06-30 29.59 5.36 -0.13
2014-03-31 29.71 5.90 -0.13
2013-12-31 29.82 6.44 -0.13
2013-09-30 30.02 6.73 -0.06
2013-06-30 30.21 7.02
2013-03-31 31.27 6.99
2012-12-31 32.32 6.95

*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.
  • Aptitude Software Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aptitude Software Group used its assets more efficiently than the DE Software industry average last year based on Return on Assets.
  • Aptitude Software Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aptitude Software 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 Software 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.
Aptitude Software Group has a total score of 5/6, 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 Aptitude Software 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 Aptitude Software Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aptitude Software Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aptitude Software Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aptitude Software 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.
  • Aptitude Software Group has no debt, it does not need to be covered by short term assets.
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 Aptitude Software Group Company Filings, last reported 4 months ago.

BST:MH5B Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 88.40 0.00 69.90
2019-03-31 88.40 0.00 69.90
2018-12-31 64.82 7.86 29.19
2018-09-30 64.82 7.86 29.19
2018-06-30 56.55 8.84 11.64
2018-03-31 56.55 8.84 11.64
2017-12-31 54.42 9.83 19.14
2017-09-30 54.42 9.83 19.14
2017-06-30 46.01 8.75 15.65
2017-03-31 46.01 8.75 15.65
2016-12-31 43.40 10.40 23.85
2016-09-30 43.40 10.40 23.85
2016-06-30 40.68 11.75 12.72
2016-03-31 40.68 11.75 12.72
2015-12-31 38.57 13.37 18.60
2015-09-30 38.57 13.37 18.60
2015-06-30 37.69 14.75 15.62
2015-03-31 37.69 14.75 15.62
2014-12-31 56.49 16.43 40.90
2014-09-30 56.49 16.43 40.90
2014-06-30 55.49 17.75 37.92
2014-03-31 55.49 17.75 37.92
2013-12-31 54.41 19.25 40.29
2013-09-30 54.41 19.25 40.29
2013-06-30 62.16 0.00 26.78
2013-03-31 62.16 0.00 26.78
2012-12-31 64.67 0.00 32.13
  • Aptitude Software Group has no debt.
  • Aptitude Software Group has no debt compared to 5 years ago when it was 32%.
  • Aptitude Software Group has no debt, it does not need to be covered by operating cash flow.
  • Aptitude Software Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Aptitude Software 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. Aptitude Software Group has a total score of 6/6, 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 Aptitude Software 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
1.25%
Current annual income from Aptitude Software Group dividends. Estimated to be 1.4% next year.
If you bought €2,000 of Aptitude Software Group shares you are expected to receive €25 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?
  • Aptitude Software Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Aptitude Software Group's dividend is below the markets top 25% of dividend payers in Germany (3.75%).
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:MH5B 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 2 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 1.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BST:MH5B Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.11 1.00
2021-12-31 0.09 2.00
2020-12-31 0.08 2.00
2019-12-31 0.07 1.00
2019-11-21
BST:MH5B Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.075 1.387
2018-04-23 0.071 1.527
2017-03-08 0.057 1.270
2016-03-03 0.048 2.469
2015-02-25 0.049 3.793
2014-02-26 0.049 2.658
2013-07-22 0.125 6.570
2013-03-01 0.125 6.549
2012-03-06 0.049 2.527
2012-02-27 0.049 2.307
2011-02-24 0.044 2.031
2011-02-23 0.044 2.208
2010-02-18 0.034 2.440
2009-12-31 0.034 2.604
2009-03-02 0.031 3.209
2009-02-24 0.031 5.132

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Aptitude Software Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Aptitude Software Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Aptitude Software Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aptitude Software Group has a total score of 3/6, 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 Aptitude Software 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
Tom Crawford
COMPENSATION £857,582
AGE 51
CEO Bio

Mr. Tom Crawford serves as Chief Executive Officer of Aptitude Software Group plc (formerly Microgen plc) and has been its Managing Director of Aptitude Solutions since May 16, 2013 and served as its Executive Vice President. Mr. Crawford served as Senior Vice President of North America at Microgen plc since December 2009. He joined Microgen in 2003 and served as Managing Director of Microgen's Financial Services division. He has been Director at Microgen plc since January 1, 2016.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Aptitude Software Group management team in years:

1.8
Average Tenure
  • The average tenure for the Aptitude Software Group management team is less than 2 years, this suggests a new team.
Management Team

Tom Crawford

TITLE
CEO & Executive Director
COMPENSATION
£858K
AGE
51

Philip Wood

TITLE
CFO, Deputy CEO
COMPENSATION
£829K
AGE
46
TENURE
12.8 yrs

Chris Wade

TITLE
Chief Product Officer
TENURE
1.8 yrs

Alex Curran

TITLE
Executive Vice President
TENURE
0.3 yrs

Jeremy Suddards

TITLE
Chief Client Officer for Europe and Asia & Director

Georgina Sharley

TITLE
Company Secretary
TENURE
0.9 yrs

Martin Redington

TITLE
Chief Technology Officer of Aptitude Software
TENURE
17.8 yrs
Board of Directors Tenure

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

3.6
Average Tenure
53
Average Age
  • The tenure for the Aptitude Software Group board of directors is about average.
Board of Directors

Ivan Martin

TITLE
Non-Executive Chairman
COMPENSATION
£134K
AGE
64
TENURE
3.7 yrs

Tom Crawford

TITLE
CEO & Executive Director
COMPENSATION
£858K
AGE
51
TENURE
3.8 yrs

Philip Wood

TITLE
CFO, Deputy CEO
COMPENSATION
£829K
AGE
46
TENURE
12.8 yrs

Jeremy Suddards

TITLE
Chief Client Officer for Europe and Asia & Director
TENURE
0.2 yrs

Peter Whiting

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£55K
AGE
53
TENURE
3.6 yrs

Barbara Moorhouse

TITLE
Non-Executive Director
COMPENSATION
£51K
AGE
61
TENURE
2.6 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 (€)
06. Aug 19 Sell Philip Wood Individual 06. Aug 19 06. Aug 19 -427,988 €6.95 €-2,973,016
X
Management checks
We assess Aptitude Software 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. Aptitude Software 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.

News

Simply Wall St News

Company Info

Description

Aptitude Software Group plc, together with its subsidiaries, develops, implements, and supports business critical software and related services in the United Kingdom and internationally. It operates through two segments, Aptitude Software and Microgen Financial Systems. The Aptitude Software segment provides a suite of specialized finance management software applications for banking, healthcare, insurance, and telecommunications customers. Its applications include Aptitude Insurance Calculation Engine that focuses on insurance contracts; Aptitude Lease Accounting Engine, which addresses leasing standards; Aptitude Revenue Recognition Engine for revenue recognition requirements; Aptitude RevStream, a cloud-enabled revenue management software; Aptitude Accounting Hub that transforms financial, management, and statutory accounting; and Aptitude Allocation Engine that offers interfaces to set-up and apply rules to allocate cost and revenue. This segment licenses its software; and provides software maintenance/support, software subscriptions for its cloud-based offerings; and implementation services. The Microgen Financial Systems segment offers Microgen 5Series, a wealth management software for both on-shore and off-shore markets; and Microgen Bacway, a suite of payments software products. It also provides maintenance, support, and development services on a range of software products and applications developed by third parties. The company was formerly known as Microgen plc and changed its name to Aptitude Software Group plc in April 2019. Aptitude Software Group plc was founded in 1974 and is headquartered in London, the United Kingdom.

Details
Name: Aptitude Software Group plc
MH5B
Exchange: BST
Founded: 1974
£390,705,066
55,644,353
Website: http://www.aptitudesoftwaregroup.com
Address: Aptitude Software Group plc
Old Change House,
128 Queen Victoria Street,
London,
Greater London, EC4V 4BJ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE APTD Ordinary Shares London Stock Exchange GB GBP 25. Mar 1985
BST MH5B Ordinary Shares Boerse-Stuttgart DE EUR 25. Mar 1985
BATS-CHIXE APTDL Ordinary Shares BATS 'Chi-X Europe' GB GBP 25. Mar 1985
Number of employees
Current staff
Staff numbers
405
Aptitude Software Group employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 21:26
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/07/24
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.