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Sureserve Group

LSE:SUR
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUR
LSE
£45M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Sureserve Group plc provides asset and energy support services in the United Kingdom. The last earnings update was 141 days ago. More info.


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SUR Share Price and Events
7 Day Returns
0%
LSE:SUR
-0.1%
GB Commercial Services
-0.3%
GB Market
1 Year Returns
-8.1%
LSE:SUR
15.6%
GB Commercial Services
3.9%
GB Market
SUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sureserve Group (SUR) 0% 0% 0% -8.1% -3% -
GB Commercial Services -0.1% 0.3% 5% 15.6% 12.9% 9.9%
GB Market -0.3% 1.8% 4.9% 3.9% 7.6% 3.8%
1 Year Return vs Industry and Market
  • SUR underperformed the Commercial Services industry which returned 15.6% over the past year.
  • SUR underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.9% over the past year.
Price Volatility
SUR
Industry
5yr Volatility vs Market

Value

 Is Sureserve 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 Sureserve 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 Sureserve Group.

LSE:SUR 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 7.1%
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 LSE:SUR
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%) (31.88%))
0.886
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.886 * 6.65%)
7.12%

Discounted Cash Flow Calculation for LSE:SUR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sureserve 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.

LSE:SUR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.12%)
2020 2.00 Analyst x1 1.87
2021 2.23 Est @ 11.54% 1.94
2022 2.42 Est @ 8.45% 1.97
2023 2.57 Est @ 6.28% 1.95
2024 2.69 Est @ 4.76% 1.91
2025 2.79 Est @ 3.7% 1.85
2026 2.88 Est @ 2.96% 1.78
2027 2.95 Est @ 2.44% 1.70
2028 3.01 Est @ 2.08% 1.62
2029 3.06 Est @ 1.82% 1.54
Present value of next 10 years cash flows £18.00
LSE:SUR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £3.06 × (1 + 1.23%) ÷ (7.12% – 1.23%)
£52.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £52.59 ÷ (1 + 7.12%)10
£26.43
LSE:SUR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £18.00 + £26.43
£44.43
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £44.43 / 157.22
£0.28
LSE:SUR Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.28
Current discount Discount to share price of £0.29
= -1 x (£0.29 - £0.28) / £0.28
-0.9%

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

  • The current share price of Sureserve 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 Sureserve Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sureserve Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.02
LSE:SUR Share Price ** LSE (2019-08-16) in GBP £0.29
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PE Ratio Median Figure of 24 Publicly-Listed Commercial Services Companies 18.41x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.9x

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

** Primary Listing of Sureserve Group.

LSE:SUR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SUR Share Price ÷ EPS (both in GBP)

= 0.29 ÷ 0.02

18.75x

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

  • Sureserve Group is overvalued based on earnings compared to the GB Commercial Services industry average.
  • Sureserve Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sureserve Group's expected growth come at a high price?
Raw Data
LSE:SUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
48.5%per year
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Commercial Services Companies 1.18x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 556 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

LSE:SUR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.75x ÷ 48.5%

0.39x

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

  • Sureserve Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sureserve Group's assets?
Raw Data
LSE:SUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.25
LSE:SUR Share Price * LSE (2019-08-16) in GBP £0.29
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PB Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.74x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
LSE:SUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SUR Share Price ÷ Book Value per Share (both in GBP)

= 0.29 ÷ 0.25

1.12x

* Primary Listing of Sureserve Group.

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

  • Sureserve Group is good value based on assets compared to the GB Commercial Services industry average.
X
Value checks
We assess Sureserve 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. Sureserve 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 Sureserve 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
48.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sureserve Group expected to grow at an attractive rate?
  • Sureserve Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Sureserve Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Sureserve 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
LSE:SUR Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SUR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 48.5%
LSE:SUR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
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 3.8%

*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
LSE:SUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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.
LSE:SUR Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 228 1
2020-09-30 215 7 6 3
2019-11-13
2019-09-30 205 9 5 3
LSE:SUR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 202 3 2
2018-12-31 196 -2 2
2018-09-30 191 -7 1
2018-06-30 188 -3 0
2018-03-31 185 2 -2
2017-12-31 183 7 -3
2017-09-30 181 13 -5
2017-03-31 247 6 -33
2016-12-31 287 1 -32
2016-09-30 327 -4 -31
2016-06-30 340 -4 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sureserve Group's earnings are expected to grow significantly at over 20% yearly.
  • Sureserve Group's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:SUR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Sureserve Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SUR Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30
2020-09-30 0.03 0.03 0.03 1.00
2019-11-13
2019-09-30 0.02 0.02 0.02 1.00
LSE:SUR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.02
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.03
2017-03-31 -0.21
2016-12-31 -0.20
2016-09-30 -0.20
2016-06-30 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sureserve Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sureserve 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.
Sureserve Group 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 Sureserve 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 Sureserve 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.
  • Sureserve Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sureserve Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sureserve Group has become profitable in the last year making it difficult to compare the GB Commercial Services industry average.
Earnings and Revenue History
Sureserve 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 Sureserve Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SUR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 202.17 2.39
2018-12-31 196.46 1.78
2018-09-30 190.75 1.17
2018-06-30 187.64 -0.27
2018-03-31 184.52 -1.70
2017-12-31 183.01 -3.17
2017-09-30 181.50 -4.64
2017-03-31 247.42 -32.86
2016-12-31 287.31 -32.00
2016-09-30 327.20 -31.13
2016-06-30 340.25 -14.53 -0.10
2016-03-31 346.67 0.20 -0.20
2015-12-31 343.43 1.29 -0.10
2015-09-30 340.20 2.39
2015-06-30 339.13 1.27 0.10
2015-03-31 338.06 0.14 0.20
2014-12-31 320.27 -0.12 0.10
2014-09-30 302.49 -0.38

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sureserve Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sureserve Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sureserve 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 3.5x 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 Sureserve Group Company Filings, last reported 7 months ago.

LSE:SUR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 40.01 14.20 1.41
2018-12-31 40.01 14.20 1.41
2018-09-30 39.10 12.93 1.71
2018-06-30 39.10 12.93 1.71
2018-03-31 38.09 17.75 3.73
2017-12-31 38.09 17.75 3.73
2017-09-30 50.24 27.08 26.13
2017-03-31 47.94 24.52 0.30
2016-12-31 47.94 24.52 0.30
2016-09-30 51.02 20.66
2016-06-30 51.02 20.66
2016-03-31 80.94 24.52 2.46
2015-12-31 80.94 24.52 2.46
2015-09-30 85.46 0.00 6.93
2015-06-30 85.46 0.00 6.93
2015-03-31 83.50 0.00 20.74
2014-12-31 83.50 0.00 20.74
2014-09-30 48.81 11.21 4.23
  • Sureserve Group's level of debt (35.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Sureserve Group's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (18.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Sureserve 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. Sureserve Group has a total score of 4/6, 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 Sureserve 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
0.88%
Current annual income from Sureserve Group dividends. Estimated to be 2.41% next year.
If you bought £2,000 of Sureserve Group shares you are expected to receive £18 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?
  • Sureserve Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • Sureserve Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.3%).
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
LSE:SUR 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 2.9%
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.

LSE:SUR Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.01 1.00
2020-09-30 0.01 3.00
2019-11-13
2019-09-30 0.00 3.00
LSE:SUR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.003 0.887
2018-02-12 0.005 1.467
2018-01-23 0.005 1.281
2017-06-27 0.000 0.000
2017-04-18 0.000 0.000
2017-01-31 0.015 3.487
2017-01-24 0.015 3.687
2016-05-17 0.020 6.303
2016-04-15 0.020 4.103
2015-12-23 0.019 3.648
2015-12-10 0.019 2.117

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

  • Sureserve Group is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Sureserve Group is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Sureserve Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Sureserve Group's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.2x coverage).
X
Income/ dividend checks
We assess Sureserve 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 Sureserve Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sureserve Group has a total score of 1/6, 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 Sureserve 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.
  • Sureserve Group has no CEO, or we have no data on them.
Management Team Tenure

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

2.5
Average Tenure
51
Average Age
  • The tenure for the Sureserve Group management team is about average.
Management Team

Bob Holt

TITLE
Executive Chairman
COMPENSATION
£76K
AGE
64

Michael McMahon

TITLE
COO & Executive Director
COMPENSATION
£316K
AGE
43
TENURE
2.8 yrs

Peter Mawby Smith

TITLE
Chief Financial Officer
AGE
48
TENURE
0.3 yrs

John Lewthwaite

TITLE
Managing Director of Compliance
AGE
54
TENURE
3.8 yrs

James Kemp

TITLE
Acting Managing Director of Construction
TENURE
2.4 yrs

John Charlton

TITLE
Group Company Secretary
TENURE
2.5 yrs
Board of Directors Tenure

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

3.5
Average Tenure
66.5
Average Age
  • The tenure for the Sureserve Group board of directors is about average.
Board of Directors

Bob Holt

TITLE
Executive Chairman
COMPENSATION
£76K
AGE
64
TENURE
3.3 yrs

Michael McMahon

TITLE
COO & Executive Director
COMPENSATION
£316K
AGE
43
TENURE
4.8 yrs

Robert William Legget

TITLE
Senior Independent Director
COMPENSATION
£50K
AGE
69
TENURE
3.6 yrs

Derek Zissman

TITLE
Independent Non-Executive Director
COMPENSATION
£38K
AGE
75
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Sureserve 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. Sureserve 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

How Sureserve Group plc (LON:SUR) Can Impact Your Portfolio Volatility

If you're interested in Sureserve Group plc (LON:SUR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Beta only tells us that the Sureserve Group share price is sensitive to broader market movements.

Simply Wall St -

Is Sureserve Group plc (LON:SUR) Potentially Undervalued?

Sureserve Group plc (LON:SUR), which is in the commercial services business, and is based in United Kingdom, saw its share price hover around a small range of £0.27 to £0.29 over the last few weeks. … I find that Sureserve Group’s ratio of 19.08x is trading in-line with its industry peers’ ratio, which means if you buy Sureserve Group today, you’d be paying a relatively fair price for it. … SUR’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Sureserve Group plc (LON:SUR) Delivered A Weaker ROE Than Its Industry

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Sureserve Group: 6.0% = UK£2.4m ÷ UK£40m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Sureserve Group Have A Good Return On Equity? … How Does Debt Impact Return On Equity?

Simply Wall St -

Sureserve Group (LON:SUR) Has A Pretty Healthy Balance Sheet

We note that Sureserve Group plc (LON:SUR) does have debt on its balance sheet. … LSE:SUR Historical Debt, July 10th 2019 A Look At Sureserve Group's Liabilities Zooming in on the latest balance sheet data, we can see that Sureserve Group had liabilities of UK£40.7m due within 12 months and liabilities of UK£18.0m due beyond that. … Either way, since Sureserve Group does have more debt than cash, it's worth keeping an eye on its balance sheet.

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How Do Sureserve Group plc’s (LON:SUR) Returns Compare To Its Industry?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Sureserve Group: 0.072 = UK£4.2m ÷ (UK£99m - UK£41m) (Based on the trailing twelve months to March 2019.) So, Sureserve Group has an ROCE of 7.2%. … How Sureserve Group's Current Liabilities Impact 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. … Sureserve Group's ROCE is improved somewhat by its moderate amount of current liabilities.

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Why Fundamental Investors Might Love Sureserve Group plc (LON:SUR)

Undervalued with reasonable growth potential In the previous year, SUR has ramped up its bottom line by 90%, with its latest earnings level surpassing its average level over the last five years. … LSE:SUR Past and Future Earnings, June 27th 2019 SUR's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. … LSE:SUR Historical Debt, June 27th 2019 Next Steps: For Sureserve Group, I've put together three relevant factors you should further examine: Valuation: What is SUR worth today?

Simply Wall St -

Volatility 101: Should Sureserve Group (LON:SUR) Shares Have Dropped 37%?

Unfortunately the Sureserve Group plc (LON:SUR) share price slid 37% over twelve months. … During the last year Sureserve Group grew its earnings per share, moving from a loss to a profit. … Dividends have been really beneficial for Sureserve Group shareholders, and that cash payout explains why its total shareholder loss of 37%, over the last year, isn't as bad as the share price return.

Simply Wall St -

Could The Sureserve Group plc (LON:SUR) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Sureserve Group plc (LON:SUR) have power over the company. … Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … View our latest analysis for Sureserve Group LSE:SUR Ownership Summary, May 28th 2019 What Does The Institutional Ownership Tell Us About Sureserve Group?

Simply Wall St -

Are Investors Undervaluing Sureserve Group plc (LON:SUR) By 37%?

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (£, Millions) £-8.06 £4.80 £4.93 £5.04 £5.13 £5.22 £5.30 £5.38 £5.45 £5.53 Growth Rate Estimate Source Est @ 3.24% Analyst x1 Est @ 2.64% Est @ 2.21% Est @ 1.92% Est @ 1.71% Est @ 1.57% Est @ 1.46% Est @ 1.39% Est @ 1.34% Present Value (£, Millions) Discounted @ 7.44% £-7.50 £4.16 £3.97 £3.78 £3.59 £3.39 £3.21 £3.03 £2.86 £2.70 Present Value of 10-year Cash Flow (PVCF)= £23.18m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.4%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = UK£5.5m × (1 + 1.2%) ÷ (7.4% – 1.2%) = UK£90m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = £UK£90m ÷ ( 1 + 7.4%)10 = £43.96m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is £67.15m.

Simply Wall St -

Should Sureserve Group plc’s (LON:SUR) Weak Investment Returns Worry You?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Company Info

Description

Sureserve Group plc provides asset and energy support services in the United Kingdom. The company operates through Compliance and Energy Services segments. It offers gas compliance services, including emergency call out facilities, service programs to meet compliance requirements, installations and repairs to gas appliances and systems, void works, building and associated works, electrical installations and repair, legionella risk assessment, and carbon monoxide and smoke detector installation services to local authority, housing association, and charity customers. The company also provides fire compliance services, which cover the physical infrastructure and fire safety materials; electrical compliance services that focus on lighting and power installations; water and air hygiene services, including legionella control, water hygiene and treatment, ductwork cleaning, and kitchen grease extract cleaning services; and lift repair and installation services to local authority, housing association, and commercial and private sector clients. In addition, it offers cavity wall, loft, and external and internal wall insulation services to various properties; and installation and maintenance services for heating systems, including gas boilers, air source heat pumps, and ground source heat pumps to local authorities, home owners, and private landlords. Further, the company provides renewable energy solutions, including solar hot water systems, photovoltaic systems, and electrical vehicle charging posts; and industrial, commercial, and residential smart metering, and gas and electric applications. The company was formerly known as Lakehouse plc and changed its name to Sureserve Group plc in October 2018. The company was founded in 1988 and is headquartered in Basildon, the United Kingdom.

Details
Name: Sureserve Group plc
SUR
Exchange: LSE
Founded: 1988
£44,807,067
157,217,779
Website: http://www.sureservegroup.co.uk
Address: Sureserve Group plc
Unit 1,
Yardley Business Park,
Basildon,
Essex, SS14 3BZ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SUR Ordinary Shares London Stock Exchange GB GBP 23. Mar 2015
Number of employees
Current staff
Staff numbers
2,000
Sureserve Group employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 21:34
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/11/13
Last earnings filing: 2019/06/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.