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Signature Aviation

DB:43B
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
43B
DB
£1B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Signature Aviation plc provides aviation support and aftermarket services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Signature Aviation has significant price volatility in the past 3 months.
43B Share Price and Events
7 Day Returns
3.3%
DB:43B
6.6%
DE Infrastructure
7.3%
DE Market
1 Year Returns
-49.5%
DB:43B
-42.7%
DE Infrastructure
-17.7%
DE Market
43B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Signature Aviation (43B) 3.3% -44% -51.3% -49.5% -59.2% -68.4%
DE Infrastructure 6.6% -32.4% -48.6% -42.7% -41.2% -17.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 43B underperformed the Infrastructure industry which returned -42.7% over the past year.
  • 43B underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
43B
Industry
5yr Volatility vs Market
Related Companies

43B Value

 Is Signature Aviation 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 Signature Aviation 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 Signature Aviation.

DB:43B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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 DB:43B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 19%) (144.28%))
1.389
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.389 * 6.07%)
8.04%

Discounted Cash Flow Calculation for DB:43B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Signature Aviation 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.

DB:43B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.04%)
2020 240.80 Analyst x2 222.88
2021 225.48 Analyst x4 193.17
2022 254.07 Analyst x3 201.47
2023 270.30 Analyst x1 198.40
2024 267.00 Analyst x1 181.39
2025 264.58 Est @ -0.91% 166.38
2026 262.59 Est @ -0.75% 152.84
2027 260.90 Est @ -0.64% 140.56
2028 259.42 Est @ -0.57% 129.36
2029 258.09 Est @ -0.51% 119.12
Present value of next 10 years cash flows $1,705.00
DB:43B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $258.09 × (1 + -0.39%) ÷ (8.04% – -0.39%)
$3,050.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,050.26 ÷ (1 + 8.04%)10
$1,407.86
DB:43B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,705.00 + $1,407.86
$3,112.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,112.86 / 825.80
$3.77
DB:43B Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:SIG)
0.806
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $3.77 x 0.806
£3.04
Non-primary Listing Adjustment Factor 1 share in DB:43B represents 1.1559x of LSE:SIG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.1559x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.04 x 1.1559
€3.51
Value per share (EUR) From above. €3.51
Current discount Discount to share price of €1.82
= -1 x (€1.82 - €3.51) / €3.51
48.3%

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

Current Discount
Amount off the current price Signature Aviation is available for.
Intrinsic value
48%
Share price is €1.82 vs Future cash flow value of €3.51
Current Discount Checks
For Signature Aviation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Signature Aviation's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Signature Aviation'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 Signature Aviation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Signature Aviation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:43B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.13
LSE:SIG Share Price ** LSE (2020-03-30) in GBP £1.57
LSE:SIG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $1.95
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 11.07x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Signature Aviation.

DB:43B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SIG Share Price ÷ EPS (both in USD)

= 1.95 ÷ 0.13

15.52x

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

  • Signature Aviation is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Signature Aviation is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Signature Aviation's expected growth come at a high price?
Raw Data
DB:43B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
29.4%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.18x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:43B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.52x ÷ 29.4%

0.53x

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

  • Signature Aviation is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Signature Aviation's assets?
Raw Data
DB:43B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.26
LSE:SIG Share Price * LSE (2020-03-30) in GBP £1.57
LSE:SIG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $1.95
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.96x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:43B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SIG Share Price ÷ Book Value per Share (both in USD)

= 1.95 ÷ 2.26

0.86x

* Primary Listing of Signature Aviation.

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

  • Signature Aviation is good value based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Signature Aviation'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Signature Aviation has a total score of 5/6, 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.

43B Future Performance

 How is Signature Aviation expected to perform in the next 1 to 3 years based on estimates from 5 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
29.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Signature Aviation expected to grow at an attractive rate?
  • Signature Aviation's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Signature Aviation's earnings growth is expected to exceed the Germany market average.
  • Signature Aviation'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
DB:43B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:43B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 29.4%
DB:43B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -2%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:43B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:43B Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,912 1
2023-12-31 1,893 157 1
2022-12-31 2,242 534 164 3
2021-12-31 2,275 514 127 5
2020-12-31 2,064 446 100 3
2020-03-30
DB:43B Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,261 467 41
2019-09-30 2,423 466 72
2019-06-30 2,586 465 104
2019-03-31 2,467 416 111
2018-12-31 2,347 368 118
2018-09-30 2,165 382 109
2018-06-30 1,983 395 99
2018-03-31 1,920 367 109
2017-12-31 1,857 339 119
2017-09-30 1,942 338 155
2017-06-30 2,027 336 191
2017-03-31 2,088 356 86

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Signature Aviation's earnings are expected to grow significantly at over 20% yearly.
  • Signature Aviation'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
DB:43B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Signature Aviation Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:43B Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.19 0.21 0.16 2.00
2021-12-31 0.16 0.17 0.15 2.00
2020-12-31 0.14 0.14 0.14 2.00
2020-03-30
DB:43B Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31
2019-09-30
2019-06-30 0.13
2019-03-31 0.13
2018-12-31 0.14
2018-09-30 0.13
2018-06-30 0.12
2018-03-31 0.13
2017-12-31 0.14
2017-09-30 0.19
2017-06-30 0.23
2017-03-31 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.
  • Signature Aviation is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Signature Aviation'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.
Signature Aviation has a total score of 3/6, 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.

43B Past Performance

  How has Signature Aviation 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 Signature Aviation's growth in the last year to its industry (Infrastructure).
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.
  • Signature Aviation's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Signature Aviation's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Signature Aviation's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Signature Aviation'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 Signature Aviation Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:43B Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,260.50 40.60 213.50
2019-09-30 2,423.10 72.10 248.85
2019-06-30 2,585.70 103.60 284.20
2019-03-31 2,466.50 111.00 278.65
2018-12-31 2,347.30 118.40 273.10
2018-09-30 2,165.15 108.90 269.95
2018-06-30 1,983.00 99.40 266.80
2018-03-31 1,920.15 109.00 261.15
2017-12-31 1,857.30 118.60 255.50
2017-09-30 1,942.20 154.90 264.20
2017-06-30 2,027.10 191.20 272.90
2017-03-31 2,088.10 85.95 290.70
2016-12-31 2,149.10 -19.30 308.50
2016-09-30 2,000.70 -61.25 281.75
2016-06-30 1,852.30 -103.20 255.00
2016-03-31 1,783.15 -16.70 228.80
2015-12-31 1,714.00 69.80 202.60
2015-09-30 1,869.00 93.35 209.90
2015-06-30 2,024.00 116.90 217.20
2015-03-31 2,156.90 139.85 229.80
2014-12-31 2,289.80 162.80 242.40
2014-09-30 2,271.05 168.00 241.20
2014-06-30 2,252.30 173.20 240.00
2014-03-31 2,235.45 155.85 237.20
2013-12-31 2,218.60 138.50 234.40
2013-09-30 2,208.85 128.80 238.55
2013-06-30 2,199.10 119.10 242.70
2013-03-31 2,189.00 114.85 238.20

*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.
  • Signature Aviation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Signature Aviation used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Signature Aviation has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Signature Aviation'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 Infrastructure 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.
Signature Aviation 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.

43B Health

 How is Signature Aviation'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 Signature Aviation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Signature Aviation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Signature Aviation's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Signature Aviation'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 not covered by short term assets, assets are 0.6x 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 Signature Aviation Company Filings, last reported 2 months ago.

DB:43B Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,606.10 1,141.00 113.20
2019-09-30 1,606.10 1,141.00 113.20
2019-06-30 1,865.70 1,486.20 116.70
2019-03-31 1,865.70 1,486.20 116.70
2018-12-31 1,944.20 1,438.10 109.30
2018-09-30 1,944.20 1,438.10 109.30
2018-06-30 1,895.20 1,338.40 147.60
2018-03-31 1,895.20 1,338.40 147.60
2017-12-31 1,933.20 1,322.80 153.50
2017-09-30 1,933.20 1,322.80 153.50
2017-06-30 1,884.60 1,416.10 152.60
2017-03-31 1,884.60 1,416.10 152.60
2016-12-31 1,918.60 1,547.70 182.50
2016-09-30 1,918.60 1,547.70 182.50
2016-06-30 1,819.30 1,653.00 164.80
2016-03-31 1,819.30 1,653.00 164.80
2015-12-31 2,168.40 527.60 966.40
2015-09-30 2,168.40 527.60 966.40
2015-06-30 1,070.00 841.10 131.40
2015-03-31 1,070.00 841.10 131.40
2014-12-31 1,079.00 798.80 166.30
2014-09-30 1,079.00 798.80 166.30
2014-06-30 1,046.80 729.20 154.90
2014-03-31 1,046.80 729.20 154.90
2013-12-31 1,094.00 645.70 162.10
2013-09-30 1,094.00 645.70 162.10
2013-06-30 1,024.70 583.90 126.00
2013-03-31 1,024.70 583.90 126.00
  • Signature Aviation's level of debt (71%) 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 (73.9% vs 71% today).
  • Debt is well covered by operating cash flow (40.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Signature Aviation'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. Signature Aviation has a total score of 3/6, 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.

43B Dividends

 What is Signature Aviation'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
8.11%
Current annual income from Signature Aviation dividends. Estimated to be 8.57% next year.
If you bought €2,000 of Signature Aviation shares you are expected to receive €162 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?
  • Signature Aviation's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Signature Aviation's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Signature Aviation before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:43B 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 5 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 6.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:43B Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.17 1.00
2022-12-31 0.17 3.00
2021-12-31 0.17 6.00
2020-12-31 0.16 2.00
2020-03-30
DB:43B Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-03 0.158 6.802
2019-04-01 0.176 4.003
2019-03-05 0.176 4.460
2018-08-01 0.170 4.154
2018-03-01 0.168 2.989
2017-03-20 0.159 3.048
2017-03-01 0.159 3.408
2016-10-12 0.154 3.635
2016-03-21 0.213 5.636
2016-03-03 0.169 4.816
2015-10-07 0.205 6.168
2015-05-01 0.203 3.433
2014-05-08 0.193 2.912
2013-08-05 0.186 2.867
2013-03-01 0.183 3.529
2012-08-07 0.177 4.215
2012-03-02 0.174 4.438
2011-03-18 0.155 4.276
2011-03-02 0.162 3.960
2010-03-18 0.136 3.780
2010-02-25 0.142 4.336

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 Signature Aviation's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Signature Aviation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Signature Aviation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Signature Aviation 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.

43B Management

 What is the CEO of Signature Aviation'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
Mark Johnstone
COMPENSATION $1,801,162
AGE 49
TENURE AS CEO 1.9 years
CEO Bio

Mr. Mark R. Johnstone is the Group Chief Executive Officer and Director of Signature Aviation Plc since April 1, 2018. He was Chief Operating Officer of Engine Repair & Overhaul Division at Signature Aviation plc until April 1, 2018 and its President since September 12, 2016 until April 1, 2018 and Chief Operating Officer of Global Engine Services since September 12, 2016. Mr. Johnstone served as Managing Director of EMEA Flight Support at Signature Aviation plc since March 2014 until September 12, 2016. Mr. Johnstone served as Managing Director of APPH Group at Signature Aviation plc. He joined Signature Aviation in 2008 as Group Corporate Development Director. Mr. Johnstone served as Chief Financial Officer of Signature Flight Support Corporation since 2009. Mr. Johnstone was employed by Grant Thornton International Ltd. Mr. Johnstone served as Corporate Development Director of Signature Aviation plc since 2008. Mr. Johnstone serves as a Director at IFG Capital Limited. He served as Director of Industrial Mezzanine Fund. He was employed by Deloitte Corporate Finance LLC and qualified as an accountant at Grant Thornton.

CEO Compensation
  • Insufficient data for Mark to compare compensation growth.
  • Mark's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Signature Aviation management team in years:

1.7
Average Tenure
50
Average Age
  • The average tenure for the Signature Aviation management team is less than 2 years, this suggests a new team.
Management Team

Mark Johnstone

TITLE
Group CEO & Director
COMPENSATION
$2M
AGE
49
TENURE
1.9 yrs

David Crook

TITLE
Group Finance Director & Director
COMPENSATION
$1M
AGE
50
TENURE
2.8 yrs

Kate Moy

TITLE
Head of Investor Relations & Communications
TENURE
2.5 yrs

Maria Garton

TITLE
Group General Counsel
TENURE
1.6 yrs

Tony Lefebvre

TITLE
Chief Operating Officer of Signature Flight Support
AGE
51

Shawn Hall

TITLE
Chief Commercial Officer of Signature Flight Support
TENURE
1.7 yrs

Shawn Fallon

TITLE
Chief Financial Officer of Signature Flight Support
TENURE
1.2 yrs

Ben Hooper

TITLE
Chief HR Officer of Signature Flight Support
TENURE
1.2 yrs

Hugh McElroy

TITLE
President & COO of BBA Aviation’s Global Engine Services Companies
TENURE
1.4 yrs

David Blizzard

TITLE
Group Company Secretary
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Signature Aviation board of directors in years:

2.5
Average Tenure
54
Average Age
  • The average tenure for the Signature Aviation board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nigel Rudd

TITLE
Chairman
COMPENSATION
$295K
AGE
73
TENURE
5.8 yrs

Mark Johnstone

TITLE
Group CEO & Director
COMPENSATION
$2M
AGE
49
TENURE
1.9 yrs

David Crook

TITLE
Group Finance Director & Director
COMPENSATION
$1M
AGE
50
TENURE
2.8 yrs

Peter Ventress

TITLE
Non-Executive Director
COMPENSATION
$70K
AGE
58
TENURE
4.2 yrs

Stephen King

TITLE
Non-Executive Director
AGE
58
TENURE
1.2 yrs

Wayne Edmunds

TITLE
Non-Executive Director
COMPENSATION
$3M
AGE
63
TENURE
6.6 yrs

Peter Edwards

TITLE
Non-Executive Director
COMPENSATION
$58K
AGE
63
TENURE
4.2 yrs

Amee Chande

TITLE
Non-Executive Director
COMPENSATION
$58K
AGE
45
TENURE
2.2 yrs

Emma Gilthorpe

TITLE
Non-Executive Director
COMPENSATION
$58K
AGE
48
TENURE
2.2 yrs

Vicky Jarman

TITLE
Non-Executive Director
AGE
47
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Signature Aviation individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Mar 20 Buy Mark Johnstone Individual 03. Mar 20 03. Mar 20 13,980 €3.27 €45,658
02. Apr 19 Buy Stephen King Individual 01. Apr 19 01. Apr 19 48,000 €3.68 €176,591
X
Management checks
We assess Signature Aviation'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. Signature Aviation 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.

43B News

Simply Wall St News

43B Company Info

Description

Signature Aviation plc provides aviation support and aftermarket services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. It operates through Signature and Ontic segments. The company operates Signature Flight Support, a fixed base operation network that offers service support for B&GA travel, including fueling, ground handling, passenger and pilot services, and amenities; hangarage for overnight parking and home based aircraft storage; technical support, line and heavy maintenance, inspection, and aircraft on ground (AoG) services through Signature TECHNICAir; Signature ELITE class that provides Signature service and accommodation to commercial travelers; and aircraft management and charter services through Gama Aviation Signature Aircraft Management for passengers, operators, and pilots of the B&GA fleet. It also provides a portfolio of licensed parts and MRO services, including equipment, components, and spare parts for maturing and legacy platforms; transition of non-core products from original equipment manufacturers (OEMs); and maintenance, repair, and overhaul for commercial, B&GA, and military fixed wing and rotorcraft platforms to OEMs and their customers. The company was formerly known as BBA Aviation plc and changed its name to Signature Aviation plc in November 2019. Signature Aviation plc was founded in 1879 and is headquartered in London, the United Kingdom.

Details
Name: Signature Aviation plc
43B
Exchange: DB
Founded: 1879
£1,459,241,649
825,803,022
Website: http://www.signatureaviation.com
Address: Signature Aviation plc
105 Wigmore Street,
London,
Greater London, W1U 1QY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SIG Ordinary Shares London Stock Exchange GB GBP 07. Jan 1980
OTCPK BBAV.F Ordinary Shares Pink Sheets LLC US USD 07. Jan 1980
DB 43B Ordinary Shares Deutsche Boerse AG DE EUR 07. Jan 1980
OTCPK BBAV.Y UNSPON ADS Pink Sheets LLC US USD 06. May 2008
Number of employees
Current staff
Staff numbers
5,973
Signature Aviation employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:34
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.