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Murgitroyd Group

AIM:MUR
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MUR
AIM
£60M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Murgitroyd Group PLC, through its subsidiaries, provides intellectual property advisory services. The last earnings update was 55 days ago. More info.


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  • Murgitroyd Group has significant price volatility in the past 3 months.
MUR Share Price and Events
7 Day Returns
0%
AIM:MUR
-2.8%
GB Professional Services
-2.5%
GB Market
1 Year Returns
36.2%
AIM:MUR
16.9%
GB Professional Services
5.3%
GB Market
MUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Murgitroyd Group (MUR) 0% -0.7% 31.9% 36.2% 29.6% 34.8%
GB Professional Services -2.8% 0.6% -3.2% 16.9% 44.4% 84.7%
GB Market -2.5% -1.3% 0.9% 5.3% 4.1% 5.1%
1 Year Return vs Industry and Market
  • MUR outperformed the Professional Services industry which returned 16.9% over the past year.
  • MUR outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 5.3% over the past year.
Price Volatility
MUR
Industry
5yr Volatility vs Market

Value

 Is Murgitroyd 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 Murgitroyd 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 Murgitroyd Group.

AIM:MUR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-05-31) in GBP £ .220000
Payout Ratio Company Filings (2019-05-31) 5749.1%
Discount Rate (Cost of Equity) See below 6.1%
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:MUR
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))
= 0.827 (1 + (1- 19%) (6.54%))
0.918
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.918 * 6.07%)
6.1%

Discounted Cash Flow Calculation for AIM:MUR using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Murgitroyd Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

AIM:MUR Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £0.22 / (6.1% - 0.53%)
£3.95
AIM:MUR Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.95
Current discount Discount to share price of £6.68
= -1 x (£6.68 - £3.95) / £3.95
-69.1%

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

  • The current share price of Murgitroyd Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Murgitroyd Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Murgitroyd Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:MUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in GBP £0.33
AIM:MUR Share Price ** AIM (2019-12-05) in GBP £6.68
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PE Ratio Median Figure of 32 Publicly-Listed Professional Services Companies 21.76x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 17.14x

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

** Primary Listing of Murgitroyd Group.

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

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

= 6.68 ÷ 0.33

20.11x

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

  • Murgitroyd Group is good value based on earnings compared to the GB Professional Services industry average.
  • Murgitroyd Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Murgitroyd Group's expected growth come at a high price?
Raw Data
AIM:MUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PEG Ratio Median Figure of 22 Publicly-Listed Professional Services Companies 1.39x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 562 Publicly-Listed Companies 1.44x

*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 Murgitroyd Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Murgitroyd Group's assets?
Raw Data
AIM:MUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in GBP £3.80
AIM:MUR Share Price * AIM (2019-12-05) in GBP £6.68
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PB Ratio Median Figure of 42 Publicly-Listed Professional Services Companies 2.92x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,311 Publicly-Listed Companies 1.53x
AIM:MUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.68 ÷ 3.80

1.76x

* Primary Listing of Murgitroyd Group.

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

  • Murgitroyd Group is good value based on assets compared to the GB Professional Services industry average.
X
Value checks
We assess Murgitroyd 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. Murgitroyd Group has a total score of 2/6, 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 Murgitroyd Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Murgitroyd Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.5%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Murgitroyd Group expected to grow at an attractive rate?
  • Unable to compare Murgitroyd Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Murgitroyd Group's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Murgitroyd Group's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:MUR Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.4%
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:MUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:MUR Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:MUR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-05-31 48 3 3
2019-02-28 47 3 3
2018-11-30 45 3 3
2018-08-31 44 3 3
2018-05-31 45 4 3
2018-02-28 44 3 3
2017-11-30 44 3 3
2017-08-31 44 3 3
2017-05-31 44 3 3
2017-02-28 44 3 3
2016-11-30 43 4 3
2016-08-31 43 4 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Murgitroyd Group is high growth as no earnings estimate data is available.
  • Unable to determine if Murgitroyd Group is high growth as no revenue estimate data is available.
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:MUR 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 0 Analyst Estimates (S&P Global) See Below

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

AIM:MUR Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:MUR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-05-31 0.33
2019-02-28 0.32
2018-11-30 0.30
2018-08-31 0.30
2018-05-31 0.30
2018-02-28 0.30
2017-11-30 0.30
2017-08-31 0.29
2017-05-31 0.28
2017-02-28 0.29
2016-11-30 0.30
2016-08-31 0.33

*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 Murgitroyd Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Murgitroyd Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Murgitroyd Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Murgitroyd Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Murgitroyd 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.
Murgitroyd Group has a total score of 0/6, 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 Murgitroyd 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 Murgitroyd 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.
  • Murgitroyd Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Murgitroyd Group's 1-year earnings growth exceeds its 5-year average (12% vs -2.3%)
  • Murgitroyd Group's earnings growth has not exceeded the GB Professional Services industry average in the past year (12% vs 12.3%).
Earnings and Revenue History
Murgitroyd 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 Murgitroyd Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MUR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 47.97 2.99 22.85
2019-02-28 46.82 2.85 22.03
2018-11-30 44.97 2.71 21.20
2018-08-31 44.43 2.69 20.67
2018-05-31 44.60 2.67 20.14
2018-02-28 44.15 2.68 20.09
2017-11-30 44.40 2.70 20.04
2017-08-31 44.33 2.62 20.20
2017-05-31 44.25 2.54 20.36
2017-02-28 43.78 2.61 19.94
2016-11-30 43.31 2.68 19.51
2016-08-31 42.77 2.92 18.94
2016-05-31 42.23 3.17 18.37
2016-02-29 41.58 3.20 18.33
2015-11-30 40.92 3.24 18.29
2015-08-31 40.37 3.18 18.09
2015-05-31 39.82 3.12 17.89
2015-02-28 39.12 2.94 17.89
2014-11-30 38.41 2.75 17.89
2014-08-31 38.38 2.85 17.92
2014-05-31 38.35 2.95 17.95
2014-02-28 37.95 3.16 17.77
2013-11-30 37.55 3.37 17.58
2013-08-31 36.76 3.35 17.55
2013-05-31 35.97 3.33 17.52
2013-02-28 35.65 3.30 17.23

*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.
  • Murgitroyd Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Murgitroyd Group used its assets less efficiently than the GB Professional Services industry average last year based on Return on Assets.
  • Murgitroyd Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Murgitroyd 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.
Murgitroyd Group has a total score of 1/6, 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 Murgitroyd 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 Murgitroyd Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Murgitroyd Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Murgitroyd Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Murgitroyd 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.
  • Debt is covered by short term assets, assets are 5.3x 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 Murgitroyd Group Company Filings, last reported 6 months ago.

AIM:MUR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 34.25 3.93 1.81
2019-02-28 34.25 3.93 1.81
2018-11-30 33.05 0.20 2.23
2018-08-31 33.05 0.20 2.23
2018-05-31 32.95 0.20 3.03
2018-02-28 32.95 0.20 3.03
2017-11-30 31.94 0.28 2.63
2017-08-31 31.94 0.28 2.63
2017-05-31 31.86 0.35 2.54
2017-02-28 31.86 0.35 2.54
2016-11-30 30.90 0.45 1.52
2016-08-31 30.90 0.45 1.52
2016-05-31 30.44 0.55 3.30
2016-02-29 30.44 0.55 3.30
2015-11-30 29.07 0.71 1.60
2015-08-31 29.07 0.71 1.60
2015-05-31 28.34 0.91 1.62
2015-02-28 28.34 0.91 1.62
2014-11-30 27.03 1.36 1.65
2014-08-31 27.03 1.36 1.65
2014-05-31 26.36 1.84 1.46
2014-02-28 26.36 1.84 1.46
2013-11-30 25.30 2.35 1.52
2013-08-31 25.30 2.35 1.52
2013-05-31 24.33 2.90 0.99
2013-02-28 24.33 2.90 0.99
  • Murgitroyd Group's level of debt (11.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7% vs 11.5% today).
  • Debt is well covered by operating cash flow (83.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 149.6x coverage).
X
Financial health checks
We assess Murgitroyd 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. Murgitroyd Group has a total score of 5/6, 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 Murgitroyd 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
3.3%
Current annual income from Murgitroyd Group dividends.
If you bought £2,000 of Murgitroyd Group shares you are expected to receive £66 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?
  • Murgitroyd Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • Murgitroyd Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.29%).
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:MUR 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 0 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 2.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 679 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:MUR Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
AIM:MUR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-10-11 0.220 3.310
2019-09-17 0.220 3.724
2018-10-12 0.210 3.875
2018-09-11 0.210 3.101
2017-10-06 0.170 3.127
2017-09-12 0.170 3.472
2016-10-04 0.160 3.543
2016-09-12 0.160 2.928
2015-09-11 0.148 2.703
2015-09-07 0.148 2.783
2014-09-08 0.133 2.590
2013-10-09 0.125 2.136
2013-09-09 0.125 2.470
2013-02-04 0.123 2.497
2012-10-12 0.120 2.660
2012-09-10 0.120 2.874
2011-09-28 0.108 3.138
2011-09-12 0.108 3.380
2010-09-06 0.100 3.186
2010-09-03 0.100 3.589
2009-09-07 0.095 3.538
2009-06-01 0.095 3.749

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Murgitroyd Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
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 Murgitroyd 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 Murgitroyd Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Murgitroyd Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Murgitroyd 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
Ed Murgitroyd
COMPENSATION £487,000
AGE 44
TENURE AS CEO 0.8 years
CEO Bio

Mr. George Edward Murgitroyd serves as the Chief Executive Officer at Murgitroyd & Company Limited. Mr. Murgitroyd has been the Chief Executive Officer of Murgitroyd Group Plc since February 21, 2019. He has been a Director of Group Operations of Murgitroyd Group PLC's principal subsidiary of Murgitroyd & Company Limited since 1997. Mr. Murgitroyd serves as a Member of Murgitroyd & Company Limited's Management Board and sits on its Business Development Group. He served as Deputy Chairman of Murgitroyd Group Plc since March 21, 2012 until February 21, 2019 and has been its Executive Director since November 25, 2003. He served as Deputy Chairman of Murgitroyd & Company Limited and serves as its Director. He is a UK and European Patent Attorney, Registered Irish Patent Agent and Community Trade Mark & Design Attorney. He is graduate in Mechanical Engineering from Glasgow University.

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

Ian Murgitroyd

TITLE
Founder & Non-Executive Chairman
COMPENSATION
£154K
AGE
74

Ed Murgitroyd

TITLE
CEO & Director
COMPENSATION
£487K
AGE
44
TENURE
0.8 yrs

Keith Young

TITLE
Finance Director & Executive Director
COMPENSATION
£278K
AGE
53

Gordon Stark

TITLE
Executive Director
COMPENSATION
£238K
AGE
42

Jamie Leliever

TITLE
Chief Marketing Officer

James Brown

TITLE
Head of Practice - Patents of Mechanical

Russell Thom

TITLE
Head of Practice - Patents of Chemistry & Biotechnology

Kevin Toner

TITLE
Head of Business Development - UK & Europe
TENURE
2.3 yrs

Guido Zerbi

TITLE
Head of Electronics & Software Practice

Mark Hickey

TITLE
Head Of Practice - Trade Marks
Board of Directors Tenure

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

4.3
Average Tenure
55.5
Average Age
  • The tenure for the Murgitroyd Group board of directors is about average.
Board of Directors

Ian Murgitroyd

TITLE
Founder & Non-Executive Chairman
COMPENSATION
£154K
AGE
74

Ed Murgitroyd

TITLE
CEO & Director
COMPENSATION
£487K
AGE
44
TENURE
16.1 yrs

Willie MacDiarmid

TITLE
Non-Executive Deputy Chairman of the Board
COMPENSATION
£8K
AGE
58
TENURE
0.7 yrs

Keith Young

TITLE
Finance Director & Executive Director
COMPENSATION
£278K
AGE
53

Gordon Stark

TITLE
Executive Director
COMPENSATION
£238K
AGE
42
TENURE
4.3 yrs

Mark Kemp-Gee

TITLE
Senior Non-Executive Director
COMPENSATION
£29K
AGE
73

John Reid

TITLE
Non-Executive Director
COMPENSATION
£38K
AGE
67
TENURE
4.3 yrs

Helga Chapman

TITLE
Non-Executive Director
COMPENSATION
£8K
AGE
49
TENURE
0.8 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 (£)
12. Nov 19 Buy Oddo Bhf Asset Management SAS Company 08. Nov 19 08. Nov 19 35,000 £6.65 £232,900
08. Nov 19 Buy Oddo Bhf Asset Management SAS Company 07. Nov 19 07. Nov 19 25,000 £6.67 £166,625
05. Nov 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 04. Nov 19 04. Nov 19 -3,560 £6.63 £-23,603
29. Oct 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 28. Oct 19 28. Oct 19 -21,400 £6.62 £-141,711
29. Oct 19 Sell Thorntons Investment Management Ltd Company 28. Oct 19 28. Oct 19 -387 £6.62 £-2,562
25. Oct 19 Sell Close Asset Management Limited Company 16. Oct 19 16. Oct 19 -1,003 £6.30 £-6,319
22. Oct 19 Sell Thorntons Investment Management Ltd Company 21. Oct 19 21. Oct 19 -514 £6.62 £-3,403
22. Oct 19 Buy Thorntons Investment Management Ltd Company 21. Oct 19 21. Oct 19 436 £6.79 £2,962
21. Oct 19 Sell Thorntons Investment Management Ltd Company 18. Oct 19 18. Oct 19 -310 £6.36 £-1,970
25. Oct 19 Sell Thorntons Investment Management Ltd Company 24. Oct 19 24. Oct 19 -10 £6.57 £-66
22. Oct 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 21. Oct 19 21. Oct 19 -22,580 £6.60 £-149,028
17. Oct 19 Buy Thorntons Investment Management Ltd Company 16. Oct 19 16. Oct 19 91 £6.58 £599
16. Oct 19 Sell Rathbone Investment Management Limited Company 15. Oct 19 15. Oct 19 -2,115 £6.40 £-13,536
17. Jul 19 Sell Close Asset Management Limited Company 15. Jul 19 15. Jul 19 -1,721 £5.96 £-10,257
13. Dec 18 Sell Close Asset Management Limited Company 12. Dec 18 12. Dec 18 -4,012 £4.30 £-17,252
13. Dec 18 Buy Close Asset Management Limited Company 12. Dec 18 12. Dec 18 171,234 £4.30 £736,306
X
Management checks
We assess Murgitroyd 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. Murgitroyd 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

Did Murgitroyd Group's (LON:MUR) Share Price Deserve to Gain 11%?

For example, the Murgitroyd Group PLC (LON:MUR) share price is up 11% in the last 5 years, clearly besting than the market return of around 2.5% (ignoring dividends). … During five years of share price growth, Murgitroyd Group actually saw its EPS drop 4.6% per year. … As it happens, Murgitroyd Group's TSR for the last 5 years was 31%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should Murgitroyd Group PLC’s (LON:MUR) Weak Investment Returns Worry You?

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 Murgitroyd Group: 0.12 = UK£4.1m ÷ (UK£40m - UK£7.3m) (Based on the trailing twelve months to November 2018.) So, Murgitroyd Group has an ROCE of 12%. … Murgitroyd Group's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

We Think Murgitroyd Group (LON:MUR) Can Manage Its Debt With Ease

We note that Murgitroyd Group PLC (LON:MUR) does have debt on its balance sheet. … Murgitroyd 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 Murgitroyd Group has UK£2.0m in net cash and a decent-looking balance sheet.

Simply Wall St -

Is Murgitroyd Group PLC's (LON:MUR) ROE Of 8.2% Concerning?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Murgitroyd Group: 8.2% = UK£2.7m ÷ UK£33m (Based on the trailing twelve months to November 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Murgitroyd Group Have A Good Return On Equity? … Combining Murgitroyd Group's Debt And Its 8.2% Return On Equity Although Murgitroyd Group does use a little debt, its debt to equity ratio of just 0.006 is very low.

Simply Wall St -

Should We Worry About Murgitroyd Group PLC's (LON:MUR) P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … That is equivalent to an earnings yield of about 5.1%. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Murgitroyd Group PLC (LON:MUR): The Best Of Both Worlds

Murgitroyd Group PLC (LON:MUR) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

Why We’re Not Impressed By Murgitroyd Group PLC’s (LON:MUR) 12% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Does Murgitroyd Group PLC's (LON:MUR) CEO Pay Reflect Performance?

How Does Keith Young's Compensation Compare With Similar Sized Companies. … Our data indicates that Murgitroyd Group PLC is worth UK£42m, and total annual CEO compensation is UK£251k. … We took a group of companies with market capitalizations below UK£151m, and calculated the median CEO total compensation to be UK£237k.

Simply Wall St -

Income Investors Should Know The Murgitroyd Group PLC (LON:MUR) Ex-Dividend Date

On the 22 March 2019, Murgitroyd Group PLC (LON:MUR) will be paying shareholders an upcoming dividend amount of UK£0.07 per share. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

Murgitroyd Group PLC (LON:MUR) Is An Attractive Dividend Stock, Here's Why

Murgitroyd Group PLC (LON:MUR) has pleased shareholders over the past 10 years, by paying out dividends. … Let's dig deeper into whether Murgitroyd Group should have a place in your portfolio. … View our latest analysis for Murgitroyd Group?

Simply Wall St -

Company Info

Description

Murgitroyd Group PLC, through its subsidiaries, provides intellectual property advisory services. The company’s intellectual property services include filing, prosecuting, litigating, licensing, assigning, and renewing patents, trademarks, and designs to third party customers, as well as recharged disbursements. It also provides support services in the areas of renewals/annuities, European patent validation, translation, searching, IP filing, patent drawings, and due diligence, as well as paralegal services. In addition, it offers business development and sales services. The company serves customers in high-tech and software, life sciences, chemistry and pharmaceuticals, engineering, energy, consumer goods, business and financial services, and creative industries. It operates in the United Kingdom, the United States, France, the Republic of Ireland, Italy, Germany, Nicaragua, Canada, Taiwan, China, Japan, India, the Netherlands, and Switzerland. Murgitroyd Group PLC was founded in 1975 and is headquartered in Glasgow, the United Kingdom.

Details
Name: Murgitroyd Group PLC
MUR
Exchange: AIM
Founded: 1975
£60,137,391
9,009,347
Website: http://murgitroydgroup.com
Address: Murgitroyd Group PLC
Murgitroyd House,
165-169 Scotland Street,
Glasgow,
G5 8PL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM MUR Ordinary Shares London Stock Exchange AIM Market GB GBP 30. Nov 2001
Number of employees
Current staff
Staff numbers
294
Murgitroyd Group employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 20:37
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/09/17
Last earnings filing: 2019/10/11
Last earnings reported: 2019/05/31
Last annual earnings reported: 2019/05/31


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.