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RBG Holdings

AIM:RBGP
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RBGP
AIM
£77M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

RBG Holdings plc provides commercial legal and professional services to companies, banks, entrepreneurs, and individuals in the United Kingdom, rest of Europe, North America, and internationally. The last earnings update was 198 days ago. More info.


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RBGP Share Price and Events
7 Day Returns
-5.8%
AIM:RBGP
-2.8%
GB Professional Services
-2.5%
GB Market
1 Year Returns
16.1%
AIM:RBGP
16.9%
GB Professional Services
5.3%
GB Market
RBGP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RBG Holdings (RBGP) -5.8% -7.7% 6.5% 16.1% - -
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
  • RBGP matched the Professional Services industry (16.9%) over the past year.
  • RBGP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 5.3% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is RBG Holdings 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 RBG Holdings 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 RBG Holdings.

AIM:RBGP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
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:RBGP
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%) (0%))
0.884
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.884 * 6.07%)
5.9%

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

The calculations below outline how an intrinsic value for RBG Holdings 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:RBGP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 5.9%)
2020 4.10 Analyst x1 3.87
2021 6.00 Analyst x1 5.35
2022 7.46 Est @ 24.4% 6.29
2023 8.75 Est @ 17.24% 6.96
2024 9.82 Est @ 12.23% 7.37
2025 10.68 Est @ 8.72% 7.57
2026 11.35 Est @ 6.26% 7.60
2027 11.86 Est @ 4.54% 7.50
2028 12.26 Est @ 3.34% 7.32
2029 12.56 Est @ 2.5% 7.08
Present value of next 10 years cash flows £66.00
AIM:RBGP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £12.56 × (1 + 0.53%) ÷ (5.9% – 0.53%)
£235.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £235.36 ÷ (1 + 5.9%)10
£132.72
AIM:RBGP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £66.00 + £132.72
£198.72
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £198.72 / 85.59
£2.32
AIM:RBGP Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.32
Current discount Discount to share price of £0.90
= -1 x (£0.90 - £2.32) / £2.32
61.2%

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

Current Discount
Amount off the current price RBG Holdings is available for.
Intrinsic value
>50%
Share price is £0.9 vs Future cash flow value of £2.32
Current Discount Checks
For RBG Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RBG Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RBG Holdings'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 RBG Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RBG Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:RBGP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.06
AIM:RBGP Share Price ** AIM (2019-12-05) in GBP £0.9
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 RBG Holdings.

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

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

= 0.9 ÷ 0.06

15.67x

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

  • RBG Holdings is good value based on earnings compared to the GB Professional Services industry average.
  • RBG Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does RBG Holdings's expected growth come at a high price?
Raw Data
AIM:RBGP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
24.9%per year
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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.67x ÷ 24.9%

0.63x

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

  • RBG Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on RBG Holdings's assets?
Raw Data
AIM:RBGP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.44
AIM:RBGP Share Price * AIM (2019-12-05) in GBP £0.9
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:RBGP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.9 ÷ 0.44

2.06x

* Primary Listing of RBG Holdings.

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

  • RBG Holdings is good value based on assets compared to the GB Professional Services industry average.
X
Value checks
We assess RBG Holdings'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. RBG Holdings has a total score of 6/6, 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 RBG Holdings expected to perform in the next 1 to 3 years based on estimates from 2 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
24.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RBG Holdings expected to grow at an attractive rate?
  • RBG Holdings's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • RBG Holdings's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • RBG Holdings'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:RBGP Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:RBGP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 24.9%
AIM:RBGP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 12.7%
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:RBGP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:RBGP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 36 1
2022-12-31 34 1
2021-12-31 32 9 9 1
2020-12-31 27 7 8 2
2019-12-31 23 6 7 2
2019-12-05
AIM:RBGP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 19 1 3
2017-12-31 16 3 5
2016-12-31 14 5 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RBG Holdings's earnings are expected to grow significantly at over 20% yearly.
  • RBG Holdings's revenue is expected to grow by 12.7% 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:RBGP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from RBG Holdings Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:RBGP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-12-05
AIM:RBGP Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.06
2017-12-31 0.06
2016-12-31

*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 RBG Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RBG Holdings'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.
RBG Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has RBG Holdings performed over the past 5 years?

  • RBG Holdings's last earnings update was 198 days ago.
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 RBG Holdings'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.
  • Insufficient data to establish if RBG Holdings's year on year earnings growth rate was positive over the past 5 years.
  • RBG Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • RBG Holdings's 1-year earnings growth is negative, it can't be compared to the GB Professional Services industry average.
Earnings and Revenue History
RBG Holdings'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 RBG Holdings Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:RBGP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18.80 3.46
2017-12-31 15.82 4.80
2016-12-31 14.11 0.46
2015-12-31 14.92 2.84

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RBG Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RBG Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RBG Holdings'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.
  • RBG Holdings 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 RBG Holdings Company Filings, last reported 11 months ago.

AIM:RBGP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 34.98 0.00 13.35
2017-12-31 4.38 0.04
2016-12-31 3.83 0.47
2015-12-31 8.80 0.00
  • RBG Holdings has no debt.
  • RBG Holdings currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • RBG Holdings has no debt, it does not need to be covered by operating cash flow.
  • RBG Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess RBG Holdings'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. RBG Holdings 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 RBG Holdings'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
4.44%
Current annual income from RBG Holdings dividends. Estimated to be 5.77% next year.
If you bought £2,000 of RBG Holdings shares you are expected to receive £89 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?
  • RBG Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • RBG Holdings'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:RBGP 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 2 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:RBGP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.06 1.00
2020-12-31 0.05 2.00
2019-12-31 0.05 2.00
2019-12-05
AIM:RBGP Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-26 0.040 4.114
2019-05-21 0.042 4.281
2019-04-30 0.042 3.998

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

  • It is too early to tell whether RBG Holdings has stable dividend payments.
  • RBG Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of RBG Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess RBG Holdings'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 RBG Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RBG Holdings 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 RBG Holdings'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
Nicky Foulston
AGE 52
CEO Bio

Ms. Nicola Foulston, also known as Nicky, has been Chief Executive Officer of Rosenblatt Solicitors since September 1, 2016. Ms. Foulston servers as the Chief Executive Officer of Rosenblatt Group plc and has been its Director since February 6, 2018. She was named Veuve Cliquot Business Woman of the Year in 1997 when she served as Chief Executive of Brands Hatch Leisure plc. She served as Chief Executive of Brands Hatch since 1990 when the business was valued at £6 million and built it into the largest organiser and promoter of motor sport in Europe; in 1996, she floated the business on the London Stock Exchange; and in 1999, she sold the business for over $195 million to Interpublic, the US marketing giant. In 2014, she was appointed as a Board Member of the Government’s Industrial Development Advisory Board (IDAB), an advisory non-departmental public body, sponsored by the Department for Business, Energy & Industrial Strategy, to help government boost growth in business.

CEO Compensation
  • Insufficient data for Nicky to compare compensation growth.
  • Insufficient data for Nicky to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the RBG Holdings management team in years:

1.3
Average Tenure
  • The average tenure for the RBG Holdings management team is less than 2 years, this suggests a new team.
Management Team

Nicky Foulston

TITLE
CEO & Director
AGE
52

Ian Rosenblatt

TITLE
Founder & Senior Partner

Robert Parker

TITLE
CFO & Director
AGE
53
TENURE
1.3 yrs

Anthony Lee

TITLE
Head of Commercial & IP
TENURE
0.3 yrs

Anthony Field

TITLE
Administration Director & Partner of Dispute Resolution

David Sachs

TITLE
Partner of Banking

John Aynsley

TITLE
Partner & Head of Real Estate

Elizabeth Shaw

TITLE
Partner of Corporate
TENURE
8.1 yrs

Chris Pulham

TITLE
Partner of Commercial

Joseph McCormick

TITLE
Partner of Dispute Resolution
Board of Directors Tenure

Average tenure and age of the RBG Holdings board of directors in years:

1.3
Average Tenure
57
Average Age
  • The average tenure for the RBG Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steven Davidson

TITLE
Independent Non-Executive Chairman
AGE
63
TENURE
1.4 yrs

Nicky Foulston

TITLE
CEO & Director
AGE
52
TENURE
1.8 yrs

Robert Parker

TITLE
CFO & Director
AGE
53
TENURE
0.9 yrs

Victoria Hull

TITLE
Non-Executive Director
AGE
57
TENURE
1.3 yrs

Marianne Laing Ismail

TITLE
Non-Executive Director
AGE
67
TENURE
0.9 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 (£)
17. Jul 19 Buy Adrian Harris Individual 11. Jul 19 11. Jul 19 9,969 £1.05 £10,499
02. May 19 Buy Adrian Harris Individual 02. May 19 02. May 19 373,245 £1.00 £374,999
X
Management checks
We assess RBG Holdings'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. RBG Holdings 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

Rosenblatt Group Plc (LON:RBGP) Insiders Increased Their Holdings

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Rosenblatt Group The Last 12 Months Of Insider Transactions At Rosenblatt Group In the last twelve months, the biggest single purchase by an insider was when insider Adrian Harris bought UK£375k worth of shares at a price of UK£1.00 per share. … What Might The Insider Transactions At Rosenblatt Group Tell Us? … Our data shows a little insider buying, but no selling, in the last three months.

Simply Wall St -

Is Rosenblatt Group Plc (LON:RBGP) Potentially Underrated?

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … AIM:RBGP Past and Future Earnings, August 17th 2019 RBGP's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … Dividend Income vs Capital Gains: Does RBGP return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends?

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Should Rosenblatt Group Plc (LON:RBGP) Be Part Of Your Income Portfolio?

Today we'll take a closer look at Rosenblatt Group Plc (LON:RBGP) from a dividend investor's perspective. … This company has been paying a dividend for less than 2 years, which we think is too soon to consider it a reliable dividend stock. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable.

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Is Rosenblatt Group Plc's (LON:RBGP) ROE Of 9.9% Concerning?

One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.099 in profit. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Rosenblatt Group: 9.9% = UK£3.5m ÷ UK£35m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Rosenblatt Group's Debt And Its 9.9% Return On Equity One positive for shareholders is that Rosenblatt Group does not have any net debt!

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Did Changing Sentiment Drive Rosenblatt Group's (LON:RBGP) Share Price Down By 12%?

While not a mind-blowing move, it is good to see that the Rosenblatt Group Plc (LON:RBGP) share price has gained 24% in the last three months. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … As it happens, Rosenblatt Group's TSR for the last year was -9.3%, which exceeds the share price return mentioned earlier.

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A Look At Rosenblatt Group Plc's (LON:RBGP) Exceptional Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

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Calculating The Fair Value Of Rosenblatt Group Plc (LON:RBGP)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

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Does Rosenblatt Group Plc's (LON:RBGP) PE Ratio Signal A Selling Opportunity?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Rosenblatt Group Plc (LON:RBGP) is currently trading at a trailing P/E of 17.9x, which is higher than the industry average of 17.8x. … See our latest analysis for Rosenblatt Group

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Company Info

Description

RBG Holdings plc provides commercial legal and professional services to companies, banks, entrepreneurs, and individuals in the United Kingdom, rest of Europe, North America, and internationally. It operates through Real Estate, Employment, Corporate, and Dispute Resolution segments. The company offers legal advice in respect of construction, planning, real estate, and residential property development services; employment and pension services; corporate, private client, and taxation services; and commercial dispute resolution. It also provides a range of legal services in the areas of banking and finance, insolvency and financial restructuring, financial services, IP/technology/media, regulatory, and tax resolution. The company was formerly known as Rosenblatt Group Plc and changed its name to RBG Holdings plc in September 2019. RBG Holdings plc was founded in 1989 and is based in London, the United Kingdom.

Details
Name: RBG Holdings plc
RBGP
Exchange: AIM
Founded: 1989
£77,460,855
85,592,106
Website: http://www.rosenblatt-law.co.uk
Address: RBG Holdings plc
9-13 St. Andrew Street,
London,
Greater London, EC4A 3AF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM RBGP Ordinary Shares London Stock Exchange AIM Market GB GBP 08. May 2018
Number of employees
Current staff
Staff numbers
70
RBG Holdings employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 22:12
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/12/02
Last earnings filing: 2019/05/21
Last earnings reported: 2018/12/31
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.