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Shore Capital Group

AIM:SGR
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SGR
AIM
£48M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Shore Capital Group Limited, together with its subsidiaries, provides various investment related services in Guernsey and internationally. The last earnings update was 36 days ago. More info.


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  • Shore Capital Group has significant price volatility in the past 3 months.
SGR Share Price and Events
7 Day Returns
41.3%
AIM:SGR
-0.5%
GB Capital Markets
-0.6%
GB Market
1 Year Returns
-12.7%
AIM:SGR
16.6%
GB Capital Markets
1.4%
GB Market
SGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shore Capital Group (SGR) 41.3% 58.9% 11.8% -12.7% -5.3% -47.6%
GB Capital Markets -0.5% -3.1% -2.3% 16.6% 67.3% 105.8%
GB Market -0.6% -0.2% -0.1% 1.4% 6.4% 4.2%
1 Year Return vs Industry and Market
  • SGR underperformed the Capital Markets industry which returned 16.6% over the past year.
  • SGR underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.4% over the past year.
Price Volatility
SGR
Industry
5yr Volatility vs Market

Value

 Is Shore Capital 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 Shore Capital 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 Shore Capital Group.

AIM:SGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £2.70 * 4.6%
£0.13
Book Value of Equity per Share Median Book Value from the past 5 years. £2.70
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:SGR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.7 (1 + (1- 21%) (23.97%))
1.087
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.087 * 5.96%)
7.71%

Discounted Cash Flow Calculation for AIM:SGR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Shore Capital Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AIM:SGR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.6% – 7.71%) * £2.70)
£-0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £-0.08 / (7.71% - 1.23%)
£-1.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.70 + £-1.27
£1.42
AIM:SGR Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.42
Current discount Discount to share price of £2.23
= -1 x (£2.23 - £1.42) / £1.42
-56.6%

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

  • The current share price of Shore Capital 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 Shore Capital Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shore Capital Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.10
AIM:SGR Share Price ** AIM (2019-10-31) in GBP £2.23
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 19.95x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.89x

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

** Primary Listing of Shore Capital Group.

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

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

= 2.23 ÷ 0.10

21.5x

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

  • Shore Capital Group is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Shore Capital Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Shore Capital Group's expected growth come at a high price?
Raw Data
AIM:SGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.4%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 24 Publicly-Listed Capital Markets Companies 1.16x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 560 Publicly-Listed Companies 1.37x

*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 Shore Capital Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shore Capital Group's assets?
Raw Data
AIM:SGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £2.66
AIM:SGR Share Price * AIM (2019-10-31) in GBP £2.23
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.51x
AIM:SGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.23 ÷ 2.66

0.84x

* Primary Listing of Shore Capital Group.

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

  • Shore Capital Group is good value based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Shore Capital 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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Shore Capital Group has a total score of 1/6, 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 Shore Capital Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Shore Capital Group, future earnings growth has been estimated based on fundamentals.
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
18.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shore Capital Group expected to grow at an attractive rate?
  • Shore Capital Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Shore Capital Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Shore Capital 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:SGR Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:SGR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.4%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:SGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:SGR Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:SGR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 46 4 2
2019-03-31 44 5 2
2018-12-31 43 7 3
2018-09-30 43 3 3
2018-06-30 43 -1 3
2018-03-31 42 6 3
2017-12-31 41 13 3
2017-09-30 41 18 2
2017-06-30 41 24 1
2017-03-31 40 16 1
2016-12-31 39 8 1
2016-09-30 36 -2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shore Capital Group's earnings are expected to grow by 18.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Shore Capital 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:SGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

AIM:SGR Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:SGR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.10
2019-03-31 0.11
2018-12-31 0.13
2018-09-30 0.13
2018-06-30 0.14
2018-03-31 0.13
2017-12-31 0.13
2017-09-30 0.10
2017-06-30 0.06
2017-03-31 0.06
2016-12-31 0.06
2016-09-30 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 Shore Capital Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Shore Capital 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.
Shore Capital Group has a total score of 2/6, see the detailed checks below.

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

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

Past Performance

  How has Shore Capital 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 Shore Capital Group's growth in the last year to its industry (Capital Markets).
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.
  • Shore Capital Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Shore Capital Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shore Capital Group's 1-year earnings growth is negative, it can't be compared to the GB Capital Markets industry average.
Earnings and Revenue History
Shore Capital 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 Shore Capital Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SGR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 45.59 2.23 41.35
2019-03-31 44.27 2.48 40.13
2018-12-31 42.95 2.73 38.91
2018-09-30 42.91 2.85 38.03
2018-06-30 42.86 2.98 37.13
2018-03-31 42.16 2.90 36.52
2017-12-31 41.47 2.83 35.91
2017-09-30 41.37 2.09 36.15
2017-06-30 41.26 1.35 36.40
2017-03-31 40.14 1.33 35.29
2016-12-31 39.02 1.30 34.19
2016-09-30 36.36 2.06 31.74
2016-06-30 33.70 2.82 29.29
2016-03-31 37.67 4.63 29.71
2015-12-31 41.64 6.45 30.13
2015-09-30 42.65 6.84 30.49
2015-06-30 43.67 7.24 30.86
2015-03-31 41.98 6.23 31.46
2014-12-31 40.28 5.21 32.06
2014-09-30 40.24 4.80 32.67
2014-06-30 40.19 4.39 33.28
2014-03-31 37.82 3.89 31.75
2013-12-31 35.44 3.40 30.22
2013-09-30 33.93 3.11 29.30
2013-06-30 32.41 2.83 28.37
2013-03-31 32.30 2.41 29.17
2012-12-31 32.19 1.99 29.97

*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.
  • Shore Capital Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shore Capital Group used its assets less efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Shore Capital Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Shore Capital 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 Capital Markets 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.
Shore Capital Group has a total score of 0/6, 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 Shore Capital 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 Shore Capital Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shore Capital Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shore Capital Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shore Capital 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 393.9x 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 Shore Capital Group Company Filings, last reported 4 months ago.

AIM:SGR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 66.93 0.27 24.61
2019-03-31 66.93 0.27 24.61
2018-12-31 68.06 4.43 40.85
2018-09-30 68.06 4.43 40.85
2018-06-30 68.06 6.23 33.12
2018-03-31 68.06 6.23 33.12
2017-12-31 67.17 9.74 43.86
2017-09-30 67.17 9.74 43.86
2017-06-30 66.08 10.45 37.23
2017-03-31 66.08 10.45 37.23
2016-12-31 67.09 11.30 36.35
2016-09-30 67.09 11.30 36.35
2016-06-30 66.94 11.20 28.11
2016-03-31 66.94 11.20 28.11
2015-12-31 67.04 9.80 31.51
2015-09-30 67.04 9.80 31.51
2015-06-30 78.21 9.20 37.51
2015-03-31 78.21 9.20 37.51
2014-12-31 72.42 9.63 33.90
2014-09-30 72.42 9.63 33.90
2014-06-30 70.89 8.81 32.57
2014-03-31 70.89 8.81 32.57
2013-12-31 68.96 9.40 44.85
2013-09-30 68.96 9.40 44.85
2013-06-30 67.98 10.59 32.46
2013-03-31 67.98 10.59 32.46
2012-12-31 66.39 11.45 34.46
  • Shore Capital Group's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (12.4% vs 0.4% today).
  • Debt is well covered by operating cash flow (1359.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Shore Capital Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Shore Capital 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. Shore Capital 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 Shore Capital Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.49%
Current annual income from Shore Capital Group dividends.
If you bought £2,000 of Shore Capital Group shares you are expected to receive £90 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?
  • Shore Capital Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Shore Capital Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.38%).
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:SGR 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 681 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 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 5.4%

Industry and Market average data is calculated daily.

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

AIM:SGR Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
AIM:SGR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-26 0.100 6.528
2019-03-25 0.100 4.867
2019-03-21 0.100 4.545
2018-09-17 0.100 4.291
2018-04-03 0.100 3.790
2018-03-26 0.100 3.846
2017-09-28 0.050 2.155
2017-04-04 0.050 2.050
2017-03-29 0.050 2.020
2016-09-13 0.000 0.000
2016-06-13 0.000 0.000
2016-03-22 0.000 0.000
2015-09-30 0.000 0.000
2015-06-15 0.100 2.432
2015-03-31 0.100 2.399
2014-09-17 0.100 2.358
2014-03-21 0.080 1.921
2014-03-17 0.080 2.074
2013-09-16 0.080 2.461
2013-03-19 0.050 2.405
2012-09-24 0.000 0.000
2012-04-12 0.050 3.052
2012-04-04 0.050 2.604
2011-09-19 0.088 4.860
2011-04-06 0.088 3.350
2011-03-22 0.088 2.829
2010-03-23 0.088 2.993
2010-03-09 0.088 2.218
2009-03-16 0.010 0.356

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Shore Capital Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x 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 Shore Capital Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 Shore Capital Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shore Capital Group has a total score of 2/6, 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 Shore Capital 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
Simon Peter Fine
COMPENSATION £253,000
AGE 54
TENURE AS CEO 2.6 years
CEO Bio

Mr. Simon Fine has been Joint Chief Executive Officer of Shore Capital Group Limited since April 2017 and also serves as its Director. Mr. Fine served as the Chief Executive of Shore Capital Markets at Shore Capital Group Limited since 2002. Mr. Fine served as the Head of Equity Capital Markets of Shore Capital Group PLC. He joined Shore Capital in 2002 as Managing Director of Equity Capital Markets, responsible for all aspects of trading and brokerage as well as the integration of related corporate broking activities. He is the former Managing Director and Co-Head of Pan European Equity Cash Trading at Lehman Brothers. Prior to that, Simon spent the previous 14 years at Dresdner Kleinwort Benson, most recently as Head of Pan European Equity Cash Trading – developing its UK operations into one of the leading players in the UK and German equities. He has been a Director of Shore Capital Group Limited since April 2017.

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

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

2.6
Average Tenure
54
Average Age
  • The tenure for the Shore Capital Group management team is about average.
Management Team

Howard Shore

TITLE
Founder & Executive Chairman
COMPENSATION
£214K
AGE
59
TENURE
34.8 yrs

Simon Peter Fine

TITLE
Co-CEO & Director
COMPENSATION
£253K
AGE
54
TENURE
2.6 yrs

David Kaye

TITLE
Co-CEO & Director
COMPENSATION
£302K
AGE
41
TENURE
2.6 yrs

Elizabeth Bruce

TITLE
Company Secretary & Director
COMPENSATION
£45K
AGE
58

Michael van Messel

TITLE
Head of Finance & Tax
COMPENSATION
£320K
AGE
54

Toby Gibbs

TITLE
Assistant Director

Clive Black

TITLE
Head of Research
AGE
55
TENURE
16.8 yrs

Heydan Von Frankenberg

TITLE
Managing Director of Shore Capital Germany

Malachy Joseph McEntyre

TITLE
Head of Corporate Broking
AGE
42
TENURE
1.8 yrs

Dru Danford

TITLE
Chief Executive of Shore Capital & Corporate Limited
AGE
49
Board of Directors Tenure

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

2.5
Average Tenure
58.5
Average Age
  • The average tenure for the Shore Capital Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Howard Shore

TITLE
Founder & Executive Chairman
COMPENSATION
£214K
AGE
59

Simon Peter Fine

TITLE
Co-CEO & Director
COMPENSATION
£253K
AGE
54
TENURE
2.5 yrs

David Kaye

TITLE
Co-CEO & Director
COMPENSATION
£302K
AGE
41
TENURE
2.5 yrs

Elizabeth Bruce

TITLE
Company Secretary & Director
COMPENSATION
£45K
AGE
58
TENURE
8.3 yrs

James Rosenwald

TITLE
Non-Executive Director
COMPENSATION
£45K
AGE
61

Zvi Marom

TITLE
Non-Executive Director
COMPENSATION
£45K
AGE
64
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Shore Capital Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
16. Oct 19 Buy Michael van Messel Individual 16. Oct 19 16. Oct 19 201,283 £1.45 £291,860
X
Management checks
We assess Shore Capital 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. Shore Capital 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

Should Shore Capital Group Limited (LON:SGR) Be Part Of Your Income Portfolio?

Could Shore Capital Group Limited (LON:SGR) be an attractive dividend share to own for the long haul? … For the purpose of this article, we only scrutinise the last decade of Shore Capital Group's dividend payments. … With this information in mind, we think Shore Capital Group may not be an ideal dividend stock.

Simply Wall St -

Could The Shore Capital Group Limited (LON:SGR) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Shore Capital Group Limited (LON:SGR) have power over the company. … Shore Capital Group is a smaller company with a market capitalization of UK£45m, so it may still be flying under the radar of many institutional investors. … Insider Ownership Of Shore Capital Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Introducing Shore Capital Group (LON:SGR), The Stock That Dropped 49% In The Last Five Years

At this point some shareholders may be questioning their investment in Shore Capital Group Limited (LON:SGR), since the last five years saw the share price fall 49%. … During the five years over which the share price declined, Shore Capital Group's earnings per share (EPS) dropped by 2.1% each year. … But note: Shore Capital Group may not be the best stock to buy.

Simply Wall St -

Do Directors Own Shore Capital Group Limited (LON:SGR) Shares?

Every investor in Shore Capital Group Limited (LON:SGR) should be aware of the most powerful shareholder groups. … Shore Capital Group is a smaller company with a market capitalization of UK£49m, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Does Shore Capital Group Limited (LON:SGR) Have A Place In Your Portfolio?

Historically, Shore Capital Group Limited (LON:SGR) has paid a dividend to shareholders. … Does Shore Capital Group tick all the boxes of a great dividend stock? … View our latest analysis for Shore Capital Group

Simply Wall St -

Do You Like Shore Capital Group Limited (LON:SGR) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Shore Capital Group Limited's (LON:SGR) P/E ratio and reflect on what it tells us about the company's share price. … Shore Capital Group has a price to earnings ratio of 17.76, based on the last twelve months.

Simply Wall St -

Is Shore Capital Group Limited (LON:SGR) An Attractive Dividend Stock?

Over the past 10 years, Shore Capital Group Limited (LON:SGR) has returned an average of 2.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Shore Capital Group should have a place in your portfolio. … Check out our latest analysis for Shore Capital Group

Simply Wall St -

Does Shore Capital Group Limited's (LON:SGR) PE Ratio Warrant A Sell?

and want to begin learning the link between Shore Capital Group Limited (LON:SGR)’s fundamentals and stock market performance. … Shore Capital Group Limited (LON:SGR) trades with a trailing P/E of 21.8x, which is higher than the industry average of 15.5x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Does Shore Capital Group Limited (LON:SGR) Fall With The Market?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … SGR's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … SGR, with its market capitalisation of UK£61.48M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Is Shore Capital Group Limited (LON:SGR) A Smart Pick For Income Investors?

Shore Capital Group Limited (AIM:SGR) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … View our latest analysis for Shore Capital Group How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … AIM:SGR Historical Dividend Yield Apr 20th 18 Does Shore Capital Group pass our checks?

Simply Wall St -

Company Info

Description

Shore Capital Group Limited, together with its subsidiaries, provides various investment related services in Guernsey and internationally. The company offers research in selected sectors, broking for institutional and professional clients, market making in small and mid cap stocks, fixed income broking, and corporate broking and advisory for large, mid, and small cap companies. It also provides investment banking, research, sales, and trading services to institutional and corporate clients, as well as manages specialist funds. In addition, the company offers asset management services to real estate businesses and development capital for institutional clients, including pension funds, insurance companies, and family offices; and fund management services to private clients. Further, it engages in the investments and other holdings activities; and the provision of treasury, investment property holding, asset rental, nominee, and broker/dealer, as well as telecom services. Shore Capital Group Limited was founded in 1985 and is headquartered in St Peter Port, Guernsey.

Details
Name: Shore Capital Group Limited
SGR
Exchange: AIM
Founded: 1985
£48,000,641
21,573,322
Website: http://www.shorecap.co.uk
Address: Shore Capital Group Limited
Martello Court,
Admiral Park,
St Peter Port,
GY1 3HB,
Guernsey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SGR Ordinary Shares London Stock Exchange AIM Market GB GBP 16. Aug 2000
Number of employees
Current staff
Staff numbers
178
Shore Capital Group employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/01 20:33
End of day share price update: 2019/10/31 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/09/26
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.