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Johnson Service Group

AIM:JSG
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JSG
AIM
£634M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The last earnings update was 74 days ago. More info.


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JSG Share Price and Events
7 Day Returns
0.4%
AIM:JSG
0.8%
GB Commercial Services
-0.4%
GB Market
1 Year Returns
35.4%
AIM:JSG
17.6%
GB Commercial Services
4.5%
GB Market
JSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Johnson Service Group (JSG) 0.4% 1.2% 1.8% 35.4% 61.5% 199.1%
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
  • JSG outperformed the Commercial Services industry which returned 17.6% over the past year.
  • JSG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
JSG
Industry
5yr Volatility vs Market

JSG Value

 Is Johnson Service 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 Johnson Service 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 Johnson Service Group.

AIM:JSG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
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:JSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
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- 19%) (22.14%))
0.852
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.852 * 6.65%)
6.89%

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

The calculations below outline how an intrinsic value for Johnson Service 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:JSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.89%)
2020 24.10 Analyst x2 22.55
2021 36.30 Analyst x2 31.77
2022 40.15 Est @ 10.62% 32.88
2023 43.29 Est @ 7.8% 33.16
2024 45.81 Est @ 5.83% 32.83
2025 47.85 Est @ 4.45% 32.08
2026 49.51 Est @ 3.48% 31.05
2027 50.90 Est @ 2.81% 29.87
2028 52.09 Est @ 2.33% 28.59
2029 53.13 Est @ 2% 27.29
Present value of next 10 years cash flows £302.00
AIM:JSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £53.13 × (1 + 1.23%) ÷ (6.89% – 1.23%)
£949.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £949.52 ÷ (1 + 6.89%)10
£487.62
AIM:JSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £302.00 + £487.62
£789.62
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £789.62 / 368.46
£2.14
AIM:JSG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.14
Current discount Discount to share price of £1.72
= -1 x (£1.72 - £2.14) / £2.14
19.7%

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

Current Discount
Amount off the current price Johnson Service Group is available for.
Intrinsic value
20%
Share price is £1.72 vs Future cash flow value of £2.14
Current Discount Checks
For Johnson Service Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Johnson Service Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Johnson Service Group'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 Johnson Service Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Johnson Service Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:JSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.08
AIM:JSG Share Price ** AIM (2019-11-15) in GBP £1.72
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 Johnson Service Group.

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

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

= 1.72 ÷ 0.08

22.66x

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

  • Johnson Service Group is overvalued based on earnings compared to the GB Commercial Services industry average.
  • Johnson Service Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Johnson Service Group's expected growth come at a high price?
Raw Data
AIM:JSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
8.2%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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.66x ÷ 8.2%

2.77x

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

  • Johnson Service Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Johnson Service Group's assets?
Raw Data
AIM:JSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.51
AIM:JSG Share Price * AIM (2019-11-15) in GBP £1.72
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:JSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.72 ÷ 0.51

3.35x

* Primary Listing of Johnson Service Group.

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

  • Johnson Service Group is overvalued based on assets compared to the GB Commercial Services industry average.
X
Value checks
We assess Johnson Service 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 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. Johnson Service Group 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.

JSG Future Performance

 How is Johnson Service Group expected to perform in the next 1 to 3 years based on estimates from 3 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
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Johnson Service Group expected to grow at an attractive rate?
  • Johnson Service Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Johnson Service Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Johnson Service Group'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:JSG Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:JSG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 8.2%
AIM:JSG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.4%
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:JSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:JSG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 377 104 35 3
2020-12-31 362 96 32 3
2019-12-31 347 95 31 3
2019-11-16
AIM:JSG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 336 93 28
2019-03-31 329 88 27
2018-12-31 321 83 27
2018-06-30 305 81 26
2018-03-31 298 80 26
2017-12-31 291 78 25
2017-06-30 279 74 24
2017-03-31 268 73 22
2016-12-31 257 73 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Johnson Service Group's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • Johnson Service Group's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:JSG 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 3 Analyst Estimates (S&P Global) See Below

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

AIM:JSG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.09 0.09 0.09 3.00
2020-12-31 0.09 0.09 0.09 3.00
2019-12-31 0.08 0.08 0.08 3.00
2019-11-16
AIM:JSG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.08
2019-03-31 0.07
2018-12-31 0.07
2018-06-30 0.07
2018-03-31 0.07
2017-12-31 0.07
2017-06-30 0.06
2017-03-31 0.06
2016-12-31 0.06

*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.
  • Johnson Service Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Johnson Service 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.
Johnson Service Group has a total score of 2/6, 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.

JSG Past Performance

  How has Johnson Service 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 Johnson Service Group'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.
  • Johnson Service Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Johnson Service Group's 1-year earnings growth is less than its 5-year average (6.5% vs 23.9%)
  • Johnson Service Group's earnings growth has not exceeded the GB Commercial Services industry average in the past year (6.5% vs 14.9%).
Earnings and Revenue History
Johnson Service 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 Johnson Service Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:JSG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 336.00 27.90 93.40
2019-03-31 328.55 27.35 93.40
2018-12-31 321.10 26.80 93.40
2018-06-30 305.10 26.20 86.20
2018-03-31 298.00 25.80 86.25
2017-12-31 290.90 25.40 86.30
2017-06-30 279.00 23.60 74.30
2017-03-31 267.85 22.25 74.35
2016-12-31 256.70 20.90 74.40
2016-06-30 194.70 20.90 56.10
2016-03-31 191.45 17.40 56.10
2015-12-31 188.20 13.90 56.10
2015-06-30 218.00 4.50 54.30
2015-03-31 214.20 6.55 54.20
2014-12-31 210.40 8.60 54.10
2014-06-30 199.10 11.30 49.50
2014-03-31 196.35 10.55 49.65
2013-12-31 193.60 9.80 49.80
2013-09-30 195.65 -0.15 25.40
2013-06-30 197.70 -10.10 1.00
2013-03-31 198.20 -10.90 1.05
2012-12-31 198.70 -11.70 1.10

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

JSG Health

 How is Johnson Service 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 Johnson Service Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Johnson Service Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Johnson Service Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Johnson Service 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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x 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 Johnson Service Group Company Filings, last reported 4 months ago.

AIM:JSG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 189.00 96.50 9.80
2019-03-31 189.00 96.50 9.80
2018-12-31 190.40 98.20 7.10
2018-06-30 177.60 89.50 6.00
2018-03-31 177.60 89.50 6.00
2017-12-31 167.60 86.60 5.30
2017-06-30 157.00 84.60 6.50
2017-03-31 157.00 84.60 6.50
2016-12-31 147.10 88.30 2.90
2016-06-30 140.10 97.10 5.40
2016-03-31 140.10 97.10 5.40
2015-12-31 106.80 68.80 4.60
2015-06-30 100.50 70.10 1.10
2015-03-31 100.50 70.10 1.10
2014-12-31 80.00 25.80 0.20
2014-06-30 82.10 29.40 0.10
2014-03-31 82.10 29.40 0.10
2013-12-31 70.50 25.30 3.40
2013-09-30 70.50 25.30 3.40
2013-06-30 60.50 57.70 0.20
2013-03-31 60.50 57.70 0.20
2012-12-31 61.00 58.20 1.50
  • Johnson Service Group's level of debt (51.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35.8% vs 51.1% today).
  • Debt is well covered by operating cash flow (96.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.7x coverage).
X
Financial health checks
We assess Johnson Service 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. Johnson Service Group has a total score of 2/6, 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.

JSG Dividends

 What is Johnson Service Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.8%
Current annual income from Johnson Service Group dividends. Estimated to be 2.13% next year.
If you bought £2,000 of Johnson Service Group shares you are expected to receive £36 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?
  • Johnson Service Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • Johnson Service Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.34%).
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:JSG 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 3 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:JSG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 3.00
2020-12-31 0.04 3.00
2019-12-31 0.03 3.00
2019-11-16
AIM:JSG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-04 0.031 1.953
2019-03-01 0.031 2.403
2018-03-09 0.028 2.125
2018-02-27 0.028 2.033
2017-03-10 0.025 1.874
2017-02-28 0.025 2.167
2016-03-11 0.021 2.088
2016-03-01 0.021 2.370
2015-03-13 0.017 2.000
2015-03-03 0.017 2.264
2014-03-04 0.012 2.010
2013-03-05 0.011 2.257
2012-03-16 0.010 3.156
2012-03-06 0.010 3.408
2011-03-21 0.008 2.722
2011-03-08 0.008 2.636
2010-09-01 0.005 2.027
2010-03-17 0.010 5.526
2010-03-09 0.010 5.101
2009-09-10 0.005 2.326
2009-03-10 0.000 0.000

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 Johnson Service Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Johnson Service 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 Johnson Service Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Johnson Service 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.

JSG Management

 What is the CEO of Johnson Service 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
Peter Egan
COMPENSATION £354,945
AGE 47
TENURE AS CEO 0.8 years
CEO Bio

Mr. Peter John Egan, MBA, Chief Executive Officer of Johnson Service Group PLC since January 1, 2019, Director since April 1, 2018 and served as Chief Operating Officer since April 1, 2018 January 1, 2019. Mr. Egan was Chief Executive Officer at Johnson Service Group PLC since April 1, 2018 until July 2018. Mr. Egan served as Managing Director at Johnsons Apparelmaster Limited since January 2014 until April 1, 2018 and served as its Operations Director. He joined Johnson Service Group in 1998. Mr. Egan started his career in the Textile Rental industry in Ireland with Connacht & Court Group in 1992, before moving to the UK in 2001. He has held a number of senior management positions in Operations. He serves as a Director of Textile Services Association Limited. Mr. Egan served as a Director at Johnsons Apparelmaster Limited. He has over 25 years of experience in the textile rental sector. He also holds an MBA with Henley business school.

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Peter's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Johnson Service Group management team in years:

5.8
Average Tenure
47
Average Age
  • The average tenure for the Johnson Service Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Egan

TITLE
CEO & Director
COMPENSATION
£355K
AGE
47
TENURE
0.8 yrs

Yvonne Monaghan

TITLE
CFO & Director
COMPENSATION
£553K
AGE
61
TENURE
12.3 yrs

Tim Morris

TITLE
Group Financial Controller & Company Secretary
AGE
42
TENURE
5.8 yrs
Board of Directors Tenure

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

2.7
Average Tenure
61
Average Age
  • The average tenure for the Johnson Service Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill Shannon

TITLE
Non-Executive Chairman
COMPENSATION
£83K
AGE
70
TENURE
1.3 yrs

Peter Egan

TITLE
CEO & Director
COMPENSATION
£355K
AGE
47
TENURE
1.6 yrs

Yvonne Monaghan

TITLE
CFO & Director
COMPENSATION
£553K
AGE
61
TENURE
12.3 yrs

Nick Gregg

TITLE
Independent Non-Executive Director
COMPENSATION
£44K
AGE
56
TENURE
3.8 yrs

Chris Girling

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£19K
AGE
65
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
19. Dec 18 Buy Christopher Sander Individual 18. Dec 18 18. Dec 18 10,000 £1.14 £11,420
18. Dec 18 Buy Christopher Girling Individual 17. Dec 18 17. Dec 18 8,638 £1.16 £9,989
X
Management checks
We assess Johnson Service 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. Johnson Service 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.

JSG News

Simply Wall St News

Johnson Service Group PLC (LON:JSG): What We Can Expect From This Growth Stock

Based on Johnson Service Group PLC's (LON:JSG) earnings update in December 2018, analyst forecasts seem fairly subdued, with earnings expected to grow by 12% in the upcoming year compared with the higher past 5-year average growth rate of 26%. … Below is a brief commentary around Johnson Service Group's earnings outlook going forward, which may give you a sense of market sentiment for the company. … AIM:JSG Past and Future Earnings, August 26th 2019 This results in an annual growth rate of 7.6% based on the most recent earnings level of UK£27m to the final forecast of UK£34m by 2022.

Simply Wall St -

Is Johnson Service Group's (LON:JSG) 187% Share Price Increase Well Justified?

For example, the Johnson Service Group PLC (LON:JSG) share price has soared 187% in the last half decade. … Over half a decade, Johnson Service Group managed to grow its earnings per share at 14% a year. … We note that for Johnson Service Group the TSR over the last 5 years was 221%, which is better than the share price return mentioned above.

Simply Wall St -

Johnson Service Group PLC (LON:JSG) Delivered A Better ROE Than Its Industry

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Johnson Service Group: 14% = UK£27m ÷ UK£190m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Johnson Service Group Have A Good ROE? … Johnson Service Group's Debt And Its 14% ROE Although Johnson Service Group does use debt, its debt to equity ratio of 0.55 is still low.

Simply Wall St -

Does Johnson Service Group PLC's (LON:JSG) Recent Track Record Look Strong?

After looking at Johnson Service Group PLC's (LON:JSG) latest earnings announcement (31 December 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether Johnson Service Group's performance has been impacted by industry movements. … See our latest analysis for Johnson Service Group Commentary On JSG's Past Performance JSG's trailing twelve-month earnings (from 31 December 2018) of UK£27m has increased by 5.5% compared to the previous year.

Simply Wall St -

Johnson Service Group (LON:JSG) Seems To Use Debt Quite Sensibly

We can see that Johnson Service Group PLC (LON:JSG) does use debt in its business. … Check out our latest analysis for Johnson Service Group What Is Johnson Service Group's Net Debt? … Either way, since Johnson Service Group does have more debt than cash, it's worth keeping an eye on its balance sheet.

Simply Wall St -

Estimating The Intrinsic Value Of Johnson Service Group PLC (LON:JSG)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (£, Millions) £27.50 £27.95 £28.37 £28.77 £29.16 £29.55 £29.93 £30.31 £30.69 £31.08 Growth Rate Estimate Source Analyst x1 Analyst x2 Est @ 1.5% Est @ 1.42% Est @ 1.36% Est @ 1.32% Est @ 1.29% Est @ 1.27% Est @ 1.26% Est @ 1.25% Present Value (£, Millions) Discounted @ 7.11% £25.68 £24.36 £23.09 £21.86 £20.69 £19.57 £18.51 £17.50 £16.55 £15.64 Present Value of 10-year Cash Flow (PVCF)= £203.45m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = UK£31m × (1 + 1.2%) ÷ (7.1% – 1.2%) = UK£535m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = £UK£535m ÷ ( 1 + 7.1%)10 = £269.29m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is £472.75m. … AIM:JSG Intrinsic value, May 28th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Here's Why We Think Johnson Service Group (LON:JSG) Is Well Worth Watching

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Johnson Service Group (LON:JSG). … One positive for Johnson Service Group, is that company insiders paid UK£21k for shares in the last year. … So if you like the sound of Johnson Service Group, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Should You Be Impressed By Johnson Service Group PLC's (LON:JSG) ROE?

To keep the lesson grounded in practicality, we'll use ROE to better understand Johnson Service Group PLC (LON:JSG). … That means that for every £1 worth of shareholders' equity, it generated £0.14 in profit. … Check out our latest analysis for Johnson Service Group?

Simply Wall St -

Has Johnson Service Group PLC (LON:JSG) Improved Earnings Growth In Recent Times?

Below, I will assess JSG's latest performance announced on 31 December 2018 and weigh these figures against its longer term trend and industry movements. … JSG's trailing twelve-month earnings (from 31 December 2018) of UK£27m has? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 26%, indicating the rate at which JSG is growing has slowed down

Simply Wall St -

Do You Like Johnson Service Group PLC (LON:JSG) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Johnson Service Group PLC's (LON:JSG) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

JSG Company Info

Description

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company supplies workwear garments and protective wear under the Apparelmaster brand, as well as provides laundering services. It also offers linen services to the hotel, restaurant, and catering markets through the Stalbridge, South West Laundry, London Linen, Bourne, Afonwen, and PLS brands. In addition, the company engages in property holding activities. Johnson Service Group PLC was founded in 1780 and is headquartered in Preston Brook, the United Kingdom.

Details
Name: Johnson Service Group PLC
JSG
Exchange: AIM
Founded: 1780
£633,747,823
368,458,037
Website: http://www.jsg.com
Address: Johnson Service Group PLC
Johnson House,
Abbots Park,
Preston Brook,
Cheshire, WA7 3GH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM JSG Ordinary Shares London Stock Exchange AIM Market GB GBP 03. Jun 1994
Number of employees
Current staff
Staff numbers
5,700
Johnson Service Group employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:36
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/09/13
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.