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GYG

AIM:GYG
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GYG
AIM
£28M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

GYG plc operates as a superyacht painting, supply, and maintenance company worldwide. The last earnings update was 51 days ago. More info.


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  • GYG has significant price volatility in the past 3 months.
GYG Share Price and Events
7 Day Returns
0%
AIM:GYG
0.8%
GB Commercial Services
-0.4%
GB Market
1 Year Returns
31.5%
AIM:GYG
17.6%
GB Commercial Services
4.5%
GB Market
GYG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GYG (GYG) 0% 8% 15.2% 31.5% - -
GB Commercial Services 0.8% 1.4% 5.6% 17.6% 13.7% 10.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • GYG outperformed the Commercial Services industry which returned 17.6% over the past year.
  • GYG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
GYG
Industry
5yr Volatility vs Market

Value

 Is GYG 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 GYG 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 GYG.

AIM:GYG 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 8.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:GYG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.2%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 25%) (35.76%))
0.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.891 * 8.18%)
8.52%

Discounted Cash Flow Calculation for AIM:GYG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GYG 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.

AIM:GYG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.52%)
2020 2.70 Analyst x1 2.49
2021 4.30 Analyst x1 3.65
2022 3.65 Est @ -15.1% 2.86
2023 3.28 Est @ -10.2% 2.36
2024 3.06 Est @ -6.77% 2.03
2025 2.92 Est @ -4.37% 1.79
2026 2.84 Est @ -2.69% 1.60
2027 2.80 Est @ -1.52% 1.46
2028 2.78 Est @ -0.69% 1.33
2029 2.78 Est @ -0.12% 1.23
Present value of next 10 years cash flows €20.00
AIM:GYG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €2.78 × (1 + 1.23%) ÷ (8.52% – 1.23%)
€38.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €38.58 ÷ (1 + 8.52%)10
€17.04
AIM:GYG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €20.00 + €17.04
€37.04
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €37.04 / 46.64
€0.79
AIM:GYG Discount to Share Price
Calculation Result
Exchange Rate EUR/GBP
(Reporting currency to currency of AIM:GYG)
0.856
Value per Share
(GBP)
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €0.79 x 0.856
£0.68
Value per share (GBP) From above. £0.68
Current discount Discount to share price of £0.61
= -1 x (£0.61 - £0.68) / £0.68
11.1%

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

Current Discount
Amount off the current price GYG is available for.
Intrinsic value
11%
Share price is £0.605 vs Future cash flow value of £0.68018
Current Discount Checks
For GYG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GYG's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • GYG's share price is below the future cash flow value, but not 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 GYG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GYG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:GYG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-0.04
AIM:GYG Share Price ** AIM (2019-11-15) in GBP £0.61
AIM:GYG Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.168 €0.71
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PE Ratio Median Figure of 24 Publicly-Listed Commercial Services Companies 18.65x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of GYG.

AIM:GYG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:GYG Share Price ÷ EPS (both in EUR)

= 0.71 ÷ -0.04

-18.96x

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

  • GYG is loss making, we can't compare its value to the GB Commercial Services industry average.
  • GYG is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does GYG's expected growth come at a high price?
Raw Data
AIM:GYG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
96.2%per year
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Commercial Services Companies 1.21x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*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 GYG, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GYG's assets?
Raw Data
AIM:GYG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.27
AIM:GYG Share Price * AIM (2019-11-15) in GBP £0.61
AIM:GYG Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.168 €0.71
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PB Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.79x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:GYG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:GYG Share Price ÷ Book Value per Share (both in EUR)

= 0.71 ÷ 0.27

2.6x

* Primary Listing of GYG.

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

  • GYG is overvalued based on assets compared to the GB Commercial Services industry average.
X
Value checks
We assess GYG'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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. GYG has a total score of 0/6, 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 GYG 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
96.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GYG expected to grow at an attractive rate?
  • GYG's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • GYG's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • GYG's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:GYG Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:GYG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 96.2%
AIM:GYG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
AIM:GYG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:GYG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 68 5 3 1
2020-12-31 63 3 2 1
2019-12-31 57 2 1 1
AIM:GYG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 53 7 -2
2019-03-31 49 5 -2
2018-12-31 45 3 -3
2018-09-30 49 0 -1
2018-06-30 54 -2 1
2018-03-31 58 -1 0
2017-12-31 63 0 0
2017-06-30 69 6 -1
2016-12-31 53 5 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GYG's earnings are expected to grow significantly at over 20% yearly.
  • GYG's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:GYG 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 1 Analyst Estimates (S&P Global) See Below

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

AIM:GYG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
AIM:GYG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -0.04
2019-03-31 -0.05
2018-12-31 -0.06
2018-09-30 -0.03
2018-06-30 0.01
2018-03-31 0.00
2017-12-31 -0.01
2017-06-30 -0.08
2016-12-31 -0.09

*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 GYG will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GYG'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
GYG has a total score of 4/6, 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 GYG 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 GYG's growth in the last year to its industry (Commercial 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.
  • GYG does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare GYG's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GYG's 1-year growth to the GB Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
GYG'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 GYG Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:GYG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 52.83 -1.74 0.90
2019-03-31 48.89 -2.38 0.90
2018-12-31 44.96 -3.02 0.90
2018-09-30 49.48 -1.21 0.95
2018-06-30 53.99 0.59 1.00
2018-03-31 58.31 0.12 1.00
2017-12-31 62.64 -0.35 1.00
2017-06-30 68.92 -1.00 1.10
2016-12-31 53.34 -1.11 1.10
2015-12-31 47.08 1.18
2014-12-31 47.89 3.01

*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 GYG has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if GYG has efficiently used its assets last year compared to the GB Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if GYG 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 GYG'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 Commercial 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.
GYG 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.

Health

 How is GYG'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 GYG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GYG's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GYG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GYG's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x 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 GYG Company Filings, last reported 4 months ago.

AIM:GYG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 12.67 8.41 5.85
2019-03-31 12.67 8.41 5.85
2018-12-31 12.51 9.67 5.07
2018-09-30 12.51 9.67 5.07
2018-06-30 14.59 12.85 2.34
2018-03-31 14.59 12.85 2.34
2017-12-31 17.37 10.28 6.24
2017-06-30 8.41 15.80 4.74
2016-12-31 11.27 15.88 6.21
2015-12-31 5.52 6.37 3.25
2014-12-31 6.98 4.94 4.67
  • GYG's level of debt (66.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if GYG's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making GYG has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making GYG has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -4.7% per year.
X
Financial health checks
We assess GYG'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. GYG 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.

Dividends

 What is GYG'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 GYG dividends.
If you bought £2,000 of GYG 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 GYG's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GYG'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
AIM:GYG 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
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:GYG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
AIM:GYG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-26 0.000 0.000
2019-04-04 0.000 0.000
2018-04-18 0.035 4.783

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

  • Unable to perform a dividend volatility check as GYG has not reported any payouts.
  • Unable to verify if GYG's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GYG's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GYG has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GYG's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 GYG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GYG 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.

Management

 What is the CEO of GYG'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
Remy Millott
COMPENSATION €257,980
AGE 54
CEO Bio

Mr. Remy Millott serves as the Chief Executive Officer of Global Yachting Group. He has been Executive Director at GYG plc since March 3, 2016 and also serves as its Chief Executive Officer. Mr. Millott has over 35 years of yachting industry experience, having commenced his offshore career in 1982. He quickly progressed in his offshore career, becoming a yacht Captain by the age of 29. He served as Managing Director of Pinmar SA. He joined Pinmar in 1996 and in 2003 led the management buyout in partnership with the Ferretti Group, becoming Managing Director in the process. Following a growth phase under partial Ferretti ownership, he led the acquisition of the scaffolding business in 2005 and the US business in 2009, the buy back of the Ferretti shares in 2009 and subsequently the merger of Pinmar and Rolling Stock in 2012, to create Global Yachting Group.

CEO Compensation
  • Remy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Remy's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Remy Millott

TITLE
CEO & Director
COMPENSATION
€258K
AGE
54

Rupert Savage

TITLE
Sales & Commercial Director and Director
COMPENSATION
€232K
AGE
48

Kevin McNair

TITLE
CFO & Executive Director
AGE
52

Raúl Galan

TITLE
Chief Operating Officer
TENURE
1.2 yrs

Andrew Clemence

TITLE
Marketing Director
AGE
56
TENURE
0.8 yrs

Peter Brown

TITLE
Managing Director of USA
AGE
53

Sue Steven

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the GYG board of directors in years:

2.3
Average Tenure
54
Average Age
  • The average tenure for the GYG board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stephen T. Murphy

TITLE
Independent Non-Executive Chairman
COMPENSATION
€100K
AGE
63
TENURE
2.3 yrs

Remy Millott

TITLE
CEO & Director
COMPENSATION
€258K
AGE
54
TENURE
3.7 yrs

Rupert Savage

TITLE
Sales & Commercial Director and Director
COMPENSATION
€232K
AGE
48
TENURE
3.7 yrs

Kevin McNair

TITLE
CFO & Executive Director
AGE
52
TENURE
0.2 yrs

Richard King

TITLE
Independent Non-Executive Director
COMPENSATION
€50K
AGE
63
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by GYG individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
16. Oct 19 Buy Peter Brown Individual 15. Oct 19 15. Oct 19 199,000 £0.50 £99,500
X
Management checks
We assess GYG'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. GYG 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

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

On top of this, GYG has produced €2.8m in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 24%, signalling that GYG’s operating cash is sufficient to cover its debt. … Looking at GYG’s €21m in current liabilities, it appears that the company may not be able to easily meet these obligations given the level of current assets of €15m, with a current ratio of 0.69x. … Next Steps: Although GYG’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised.

Simply Wall St -

How Much Are GYG plc (LON:GYG) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in GYG plc (LON:GYG). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Simply Wall St -

Did Changing Sentiment Drive GYG's (LON:GYG) Share Price Down A Worrying 52%?

As you can imagine, it's easy to imagine a fast growing company becoming (potentially very) profitable, but when revenue growth slows, then the potential upside often seems less impressive. … We have a natural aversion to companies that are losing money, not growing revenue, and losing favour with the market. … The chart below shows how revenue and earnings have changed with time, (if you click on the chart you can see the actual values)

Simply Wall St -

Should GYG plc (LON:GYG) Focus On Improving This Fundamental Metric?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.033 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Do GYG plc’s (LON:GYG) Returns On Capital Compare To Peers?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Financially Strong Is GYG plc (LON:GYG)?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Be Careful About Buying GYG plc (LON:GYG) For The 3.01% Dividend

GYG plc (LON:GYG) has returned an average dividend yield of 3.00% annually to shareholders. … 5 questions to ask before buying a dividend stock … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

How Financially Strong Is GYG plc (LON:GYG)?

Investors are always looking for growth in small-cap stocks like GYG plc (LON:GYG), with a market cap of UK£61.33m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Does GYG plc's (LON:GYG) Past Performance Indicate A Stronger Future?

Today I will assess GYG's recent performance announced on 31 December 2017 and evaluate these figures to its longer term trend and industry movements. … I prefer to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … I suggest you continue to research GYG to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for GYG’s future growth?

Simply Wall St -

Breaking Down GYG plc's (LON:GYG) Ownership Structure

Private Equity Ownership With a stake of 19.32%, private equity firms form another important class of owners in GYG. … Private Company Ownership Another important group of owners for potential investors in GYG are private companies that hold a stake of 3.65% in GYG. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: GYG's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Company Info

Description

GYG plc operates as a superyacht painting, supply, and maintenance company worldwide. It operates in two segments, Coatings and Supply. The company offers painting and other finishing services to yachts and superyachts. It is also involved in fairing and painting of superyachts; repainting and finishing of superyachts as part of a refitting program; and selling and delivering maintenance materials, consumables, spare parts, and equipment for the care and operation of superyachts. In addition, the company offers its products and services primarily under the Pinmar, Pinmar Supply, Rolling Stock, ACA Marine, and Technocraft. The company was formerly known as Global Yachting Group Limited and changed its name to GYG plc in May 2017. GYG plc was founded in 1977 and is headquartered in Palma, Spain.

Details
Name: GYG plc
GYG
Exchange: AIM
Founded: 1977
£28,217,200
46,640,000
Website: http://www.gygplc.com
Address: GYG plc
Global Building,
Muelle Viejo,
Palma,
Balearic Islands, 07012,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM GYG Ordinary Shares London Stock Exchange AIM Market GB GBP 05. Jul 2017
Number of employees
Current staff
Staff numbers
403
GYG employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 22:09
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/09/26
Last earnings filing: 2019/09/26
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.