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Hydrogen Group

AIM:HYDG
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HYDG
AIM
£16M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Hydrogen Group Plc, together with its subsidiaries, provides recruitment services for mid to senior level professional staff. The last earnings update was 147 days ago. More info.


Add to Portfolio Compare Print
  • Hydrogen Group has significant price volatility in the past 3 months.
HYDG Share Price and Events
7 Day Returns
-4.5%
AIM:HYDG
0.7%
GB Professional Services
-3%
GB Market
1 Year Returns
-23.8%
AIM:HYDG
27.4%
GB Professional Services
11%
GB Market
HYDG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hydrogen Group (HYDG) -4.5% 28% -15% -23.8% 31.5% -31.9%
GB Professional Services 0.7% 2.4% 10.3% 27.4% 48.4% 86.4%
GB Market -3% -2.4% 3.9% 11% 4.7% 6.8%
1 Year Return vs Industry and Market
  • HYDG underperformed the Professional Services industry which returned 27.4% over the past year.
  • HYDG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 11% over the past year.
Price Volatility
HYDG
Industry
5yr Volatility vs Market

Value

 Is Hydrogen 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 Hydrogen 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 Hydrogen Group.

AIM:HYDG 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 6.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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:HYDG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.83 (1 + (1- 19%) (25.7%))
1.002
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.002 * 6.07%)
6.61%

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

The calculations below outline how an intrinsic value for Hydrogen 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.

AIM:HYDG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.61%)
2020 4.50 Analyst x1 4.22
2021 4.00 Analyst x1 3.52
2022 3.70 Est @ -7.42% 3.06
2023 3.52 Est @ -5.04% 2.72
2024 3.40 Est @ -3.37% 2.47
2025 3.32 Est @ -2.2% 2.26
2026 3.28 Est @ -1.38% 2.09
2027 3.25 Est @ -0.81% 1.95
2028 3.24 Est @ -0.41% 1.82
2029 3.23 Est @ -0.12% 1.70
Present value of next 10 years cash flows £25.00
AIM:HYDG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £3.23 × (1 + 0.53%) ÷ (6.61% – 0.53%)
£53.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £53.45 ÷ (1 + 6.61%)10
£28.18
AIM:HYDG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £25.00 + £28.18
£53.18
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £53.18 / 32.98
£1.61
AIM:HYDG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.61
Current discount Discount to share price of £0.48
= -1 x (£0.48 - £1.61) / £1.61
70.2%

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

Current Discount
Amount off the current price Hydrogen Group is available for.
Intrinsic value
>50%
Share price is £0.48 vs Future cash flow value of £1.61
Current Discount Checks
For Hydrogen Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hydrogen Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hydrogen Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hydrogen Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hydrogen Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:HYDG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.08
AIM:HYDG Share Price ** AIM (2020-01-28) in GBP £0.48
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PE Ratio Median Figure of 31 Publicly-Listed Professional Services Companies 22.52x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 18.18x

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

** Primary Listing of Hydrogen Group.

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

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

= 0.48 ÷ 0.08

6.25x

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

  • Hydrogen Group is good value based on earnings compared to the GB Professional Services industry average.
  • Hydrogen Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Hydrogen Group's expected growth come at a high price?
Raw Data
AIM:HYDG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
4.3%per year
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PEG Ratio Median Figure of 23 Publicly-Listed Professional Services Companies 1.77x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 551 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

AIM:HYDG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.25x ÷ 4.3%

1.46x

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

  • Hydrogen Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hydrogen Group's assets?
Raw Data
AIM:HYDG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.67
AIM:HYDG Share Price * AIM (2020-01-28) in GBP £0.48
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PB Ratio Median Figure of 42 Publicly-Listed Professional Services Companies 3.05x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,317 Publicly-Listed Companies 1.6x
AIM:HYDG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.48 ÷ 0.67

0.71x

* Primary Listing of Hydrogen Group.

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

  • Hydrogen Group is good value based on assets compared to the GB Professional Services industry average.
X
Value checks
We assess Hydrogen Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Hydrogen Group 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.

Future Performance

 How is Hydrogen Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hydrogen Group expected to grow at an attractive rate?
  • Hydrogen Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Hydrogen Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Hydrogen Group's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:HYDG Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:HYDG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 4.3%
AIM:HYDG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.2%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 9.2%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.1%
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:HYDG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:HYDG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 126 5 3 1
2020-12-31 124 5 2 1
2019-12-31 123 2 2 1
AIM:HYDG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 131 4 3
2019-03-31 133 5 2
2018-12-31 136 6 2
2018-09-30 137 3 1
2018-06-30 138 0 0
2018-03-31 132 -1 0
2017-12-31 126 -3 -1
2017-09-30 120 -1 -1
2017-06-30 114 1 0
2017-03-31 115 0 1
2016-12-31 116 -1 2
2016-09-30 117 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hydrogen Group's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Hydrogen Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:HYDG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Hydrogen Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:HYDG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
AIM:HYDG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.08
2019-03-31 0.07
2018-12-31 0.07
2018-09-30 0.04
2018-06-30 0.01
2018-03-31 -0.02
2017-12-31 -0.04
2017-09-30 -0.02
2017-06-30 0.00
2017-03-31 0.03
2016-12-31 0.07
2016-09-30 -0.02

*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 Hydrogen Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hydrogen 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 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.
Hydrogen 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 Hydrogen 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 Hydrogen Group's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hydrogen Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Hydrogen Group's 1-year earnings growth exceeds its 5-year average (683.9% vs 49%)
  • Hydrogen Group's earnings growth has exceeded the GB Professional Services industry average in the past year (683.9% vs 16%).
Earnings and Revenue History
Hydrogen 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 Hydrogen Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:HYDG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 131.13 2.53 28.00
2019-03-31 133.39 2.41 27.92
2018-12-31 135.64 2.29 27.85
2018-09-30 136.63 1.35 27.01
2018-06-30 137.63 0.32 26.32
2018-03-31 131.74 -0.45 24.25
2017-12-31 125.85 -1.23 22.17
2017-09-30 119.78 -0.61 20.09
2017-06-30 113.70 0.01 18.01
2017-03-31 114.97 0.77 17.61
2016-12-31 116.25 1.53 17.22
2016-09-30 116.66 -0.55 17.44
2016-06-30 117.07 -2.64 17.66
2016-03-31 120.34 -4.01 18.34
2015-12-31 123.61 -5.38 19.02
2015-09-30 135.39 -3.48 19.92
2015-06-30 148.01 -0.76 21.06
2015-03-31 158.72 -0.43 23.04
2014-12-31 169.43 -0.09 25.02
2014-09-30 173.68 -0.35 26.74
2014-06-30 177.93 -0.61 28.45
2014-03-31 179.76 0.45 28.59
2013-12-31 181.60 1.50 28.73
2013-09-30 178.77 1.68 28.44
2013-06-30 175.94 1.85 28.14
2013-03-31 171.46 2.05 27.77

*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.
  • Hydrogen Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hydrogen Group used its assets less efficiently than the GB Professional Services industry average last year based on Return on Assets.
  • Hydrogen Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hydrogen Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hydrogen Group has a total score of 4/6, 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 Hydrogen 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 Hydrogen Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hydrogen Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hydrogen Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hydrogen 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.
  • Hydrogen 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 Hydrogen Group Company Filings, last reported 6 months ago.

AIM:HYDG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 22.12 0.00 3.43
2019-03-31 22.12 0.00 3.43
2018-12-31 21.13 0.29 5.23
2018-09-30 21.13 0.29 5.23
2018-06-30 21.01 1.81 3.11
2018-03-31 21.01 1.81 3.11
2017-12-31 20.21 3.13 2.77
2017-09-30 20.21 3.13 2.77
2017-06-30 21.98 2.48 4.15
2017-03-31 21.98 2.48 4.15
2016-12-31 19.02 1.09 3.11
2016-09-30 19.02 1.09 3.11
2016-06-30 19.16 0.84 1.87
2016-03-31 19.16 0.84 1.87
2015-12-31 17.34 0.45 3.03
2015-09-30 18.37 0.45 3.03
2015-06-30 22.56 2.60 2.72
2015-03-31 22.56 2.60 2.72
2014-12-31 25.22 12.70 5.98
2014-09-30 25.22 12.70 5.98
2014-06-30 24.67 6.03 2.21
2014-03-31 24.67 6.03 2.21
2013-12-31 26.56 7.57 3.56
2013-09-30 26.56 7.57 3.56
2013-06-30 26.61 3.29 2.59
2013-03-31 26.61 3.29 2.59
  • Hydrogen Group has no debt.
  • Hydrogen Group has no debt compared to 5 years ago when it was 24.7%.
  • Hydrogen Group has no debt, it does not need to be covered by operating cash flow.
  • Hydrogen Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hydrogen 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. Hydrogen 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 Hydrogen 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
4.17%
Current annual income from Hydrogen Group dividends. Estimated to be 3.96% next year.
If you bought £2,000 of Hydrogen Group shares you are expected to receive £83 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?
  • Hydrogen Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.86%).
  • Hydrogen Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.08%).
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:HYDG 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 Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 678 Stocks 4.4%
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 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

AIM:HYDG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.02 1.00
2020-12-31 0.02 1.00
2019-12-31 0.02 1.00
AIM:HYDG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.020 3.628
2019-04-02 0.020 2.967
2018-09-19 0.010 1.592
2018-05-11 0.008 1.976
2018-04-10 0.008 2.192
2016-09-07 0.000 0.000
2016-04-22 0.000 0.000
2016-03-22 0.000 0.000
2015-09-15 0.000 0.000
2015-03-05 0.046 8.110
2015-03-04 0.046 6.815
2014-04-23 0.046 5.525
2014-03-17 0.046 4.199
2013-03-11 0.045 4.429
2012-04-11 0.043 4.676
2012-03-05 0.043 4.817
2011-03-14 0.041 4.428
2011-03-11 0.041 3.206
2010-03-03 0.041 3.234
2010-03-01 0.041 4.650
2009-03-10 0.041 6.595

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Hydrogen Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Hydrogen Group'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 Hydrogen Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hydrogen 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 Hydrogen 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
Ian Temple
COMPENSATION £420,000
AGE 52
TENURE AS CEO 4.8 years
CEO Bio

Mr. Ian Richard Temple is the Co-Founder of Hydrogen Group PLC and has been its Chief Executive Officer since March 4, 2015. Mr. Temple served as an Executive Chairman and Secretary of Hydrogen Group PLC until March 4, 2015. Mr. Temple is responsible for the overall business vision, strategy and plan and the management of the business against these objectives. He Co-founded PRO in January 1997 and has worked in the recruitment sector for over ten years. He joined Computer Team Group in 1994 and served as its General Manager for Southern England. He also worked at PSD as a Recruitment Consultant. He has been an Executive Director of Hydrogen Group PLC since 2005. He graduated from Exeter University with a Chemistry degree and qualified as a Chartered Accountant.

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

Ian Temple

TITLE
Co-Founder
COMPENSATION
£420K
AGE
52
TENURE
4.8 yrs

John Hunter

TITLE
COO, CFO & Director
COMPENSATION
£367K
AGE
51

Ben Harber

TITLE
Company Secretary
Board of Directors Tenure

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

4.3
Average Tenure
54.5
Average Age
  • The tenure for the Hydrogen Group board of directors is about average.
Board of Directors

Stephen Puckett

TITLE
Independent Chairman
COMPENSATION
£80K
AGE
58
TENURE
4.8 yrs

Ian Temple

TITLE
Co-Founder
COMPENSATION
£420K
AGE
52
TENURE
15 yrs

John Hunter

TITLE
COO, CFO & Director
COMPENSATION
£367K
AGE
51
TENURE
2.6 yrs

Richard Green

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£35K
AGE
57
TENURE
3.8 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 (£)
X
Management checks
We assess Hydrogen 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. Hydrogen 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

Is Hydrogen Group Plc (LON:HYDG) Investing Your Capital Efficiently?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Hydrogen Group: 0.12 = UK£2.8m ÷ (UK£39m - UK£16m) (Based on the trailing twelve months to December 2018.) So, Hydrogen Group has an ROCE of 12%. … Hydrogen Group's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … What We Can Learn From Hydrogen Group's ROCE With a decent ROCE, the company could be interesting, but remember that the level of current liabilities make the ROCE look better.

Simply Wall St -

Hydrogen Group (LON:HYDG) Could Easily Take On More Debt

AIM:HYDG Historical Debt, July 29th 2019 A Look At Hydrogen Group's Liabilities The latest balance sheet data shows that Hydrogen Group had liabilities of UK£15.6m due within a year, and liabilities of UK£2.60m falling due after that. … Hydrogen Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Hydrogen Group has UK£4.9m in net cash and a decent-looking balance sheet.

Simply Wall St -

How Much is Hydrogen Group Plc's (LON:HYDG) CEO Getting Paid?

Check out our latest analysis for Hydrogen Group How Does Ian Temple's Compensation Compare With Similar Sized Companies? … According to our data, Hydrogen Group Plc has a market capitalization of UK£27m, and pays its CEO total annual compensation worth UK£247k. … AIM:HYDG CEO Compensation, June 11th 2019 Is Hydrogen Group Plc Growing?

Simply Wall St -

Is Hydrogen Group Plc's (LON:HYDG) ROE Of 12% Concerning?

To keep the lesson grounded in practicality, we'll use ROE to better understand Hydrogen Group Plc (LON:HYDG). … Hydrogen Group has a ROE of 12%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should Hydrogen Group Plc’s (LON:HYDG) Weak Investment Returns Worry You?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … The formula for calculating the return on capital employed is:

Simply Wall St -

Should You Worry About Hydrogen Group Plc's (LON:HYDG) CEO Pay Cheque?

Ian Temple became the CEO of Hydrogen Group Plc (LON:HYDG) in 2015. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Ian Temple's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Read This Before Judging Hydrogen Group Plc's (LON:HYDG) ROE

Our data shows Hydrogen Group has a return on equity of 1.3% for the last year. … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.013. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Hydrogen Group PLC's (LON:HYDG) CEO Paid At A Competitive Rate?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Our data indicates that Hydrogen Group PLC is worth UK£18m, and total annual CEO compensation is UK£256k. … We took a group of companies with market capitalizations below UK£152m, and calculated the median CEO compensation to be UK£243k

Simply Wall St -

What You Must Know About Hydrogen Group PLC's (LON:HYDG) Financial Strength

Investors are always looking for growth in small-cap stocks like Hydrogen Group PLC (LON:HYDG), with a market cap of UK£13.60m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Is Hydrogen Group PLC's (LON:HYDG) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Hydrogen Group PLC (LON:HYDG) with its market cap of UK£11.07m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Company Info

Description

Hydrogen Group Plc, together with its subsidiaries, provides recruitment services for mid to senior level professional staff. The company offers professional support services, including legal, finance, technology, and business transformation; and technical and scientific market sector services, such as energy and life sciences. It provides permanent and contract services for large and medium sized organizations. The company has operations in Europe, the Middle East, Africa, the United States, Asia, and Australia. Hydrogen Group Plc was founded in 2005 and is headquartered in London, the United Kingdom.

Details
Name: Hydrogen Group Plc
HYDG
Exchange: AIM
Founded: 2005
£15,831,530
32,982,355
Website: http://www.hydrogengroup.com
Address: Hydrogen Group Plc
30 Eastcheap,
London,
Greater London, EC3M 1HD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM HYDG Ordinary Shares London Stock Exchange AIM Market GB GBP 29. Sep 2006
Number of employees
Current staff
Staff numbers
345
Hydrogen Group employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 21:08
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2020/01/16
Last earnings filing: 2019/09/03
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.