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Share

AIM:SHRE
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHRE
AIM
£42M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Share Plc, together with its subsidiaries, engages in stockbroking-related activities in the United Kingdom. The last earnings update was 96 days ago. More info.


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SHRE Share Price and Events
7 Day Returns
0%
AIM:SHRE
-0.3%
GB Capital Markets
-0.5%
GB Market
1 Year Returns
18.6%
AIM:SHRE
18.8%
GB Capital Markets
3.7%
GB Market
SHRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Share (SHRE) 0% 0.8% -4% 18.6% 10% -16%
GB Capital Markets -0.3% -1.2% 3.2% 18.8% 63.8% 107.4%
GB Market -0.5% 1.4% 3.1% 3.7% 7.8% 3.8%
1 Year Return vs Industry and Market
  • SHRE matched the Capital Markets industry (18.8%) over the past year.
  • SHRE outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.7% over the past year.
Price Volatility
SHRE
Industry
5yr Volatility vs Market

Value

 Is Share 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 Share 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 Share.

AIM:SHRE 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
= £0.13 * 1.9%
£0.00
Book Value of Equity per Share Median Book Value from the past 5 years. £0.13
Discount Rate (Cost of Equity) See below 8.5%
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:SHRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (3.34%))
1.095
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.095 * 6.65%)
8.51%

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

The calculations below outline how an intrinsic value for Share 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:SHRE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (1.9% – 8.51%) * £0.13)
£-0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £-0.01 / (8.51% - 1.23%)
£-0.12
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.13 + £-0.12
£0.01
AIM:SHRE Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.01
Current discount Discount to share price of £0.30
= -1 x (£0.30 - £0.01) / £0.01
-2437.8%

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

  • The current share price of Share 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 Share's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Share's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SHRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.00
AIM:SHRE Share Price ** AIM (2019-11-12) in GBP £0.3
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.19x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.92x

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

** Primary Listing of Share.

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

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

= 0.3 ÷ 0.00

124.23x

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

  • Share is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Share is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Share's expected growth come at a high price?
Raw Data
AIM:SHRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 124.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
49%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.1x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 124.23x ÷ 49%

2.54x

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

  • Share is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Share's assets?
Raw Data
AIM:SHRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.14
AIM:SHRE Share Price * AIM (2019-11-12) in GBP £0.3
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 1.5x
AIM:SHRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.3 ÷ 0.14

2.16x

* Primary Listing of Share.

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

  • Share is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Share'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. Share has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Share 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
49%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Share expected to grow at an attractive rate?
  • Share's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Share's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Share's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:SHRE Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:SHRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 49%
AIM:SHRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.5%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:SHRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:SHRE Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 23 2 1 2
2019-12-31 22 1 0 2
AIM:SHRE Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 22 3 0
2019-03-31 21 2 0
2018-12-31 21 0 0
2018-09-30 21 2 0
2018-06-30 20 3 0
2018-03-31 19 2 0
2017-12-31 19 1 0
2017-09-30 17 -3 0
2017-06-30 16 -8 1
2017-03-31 15 -4 1
2016-12-31 15 0 1
2016-09-30 14 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Share's earnings are expected to grow significantly at over 20% yearly.
  • Share's revenue is expected to grow by 2.5% 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:SHRE 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 2 Analyst Estimates (S&P Global) See Below

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

AIM:SHRE Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.00 0.00 0.00 2.00
2019-12-31 0.00 0.00 0.00 2.00
AIM:SHRE Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.01
2016-09-30 0.01

*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 Share will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Share'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.
Share has a total score of 3/6, 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 Share 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 Share'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.
  • Share's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Share's 1-year earnings growth exceeds its 5-year average (1794.4% vs -34.1%)
  • Share's earnings growth has exceeded the GB Capital Markets industry average in the past year (1794.4% vs 4.7%).
Earnings and Revenue History
Share'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 Share Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SHRE 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 21.94 0.34 20.55
2019-03-31 21.49 0.14 20.47
2018-12-31 21.04 -0.07 20.39
2018-09-30 20.53 -0.03 20.53
2018-06-30 20.03 0.02 20.66
2018-03-31 19.38 0.16 19.86
2017-12-31 18.73 0.31 19.06
2017-09-30 17.49 0.46 17.97
2017-06-30 16.26 0.62 16.89
2017-03-31 15.44 0.68 16.30
2016-12-31 14.61 0.74 15.70
2016-09-30 14.26 0.71 15.41
2016-06-30 13.91 0.69 15.12
2016-03-31 13.98 0.68 14.90
2015-12-31 14.05 0.67 14.68
2015-09-30 14.27 0.41 14.57
2015-06-30 14.49 0.16 14.45
2015-03-31 14.76 0.42 14.42
2014-12-31 15.04 0.69 14.38
2014-09-30 15.30 1.05 14.45
2014-06-30 15.57 1.44 14.31
2014-03-31 15.29 1.38 13.95
2013-12-31 15.00 1.33 13.59
2013-06-30 14.19 0.60 13.10
2013-03-31 14.05 0.56 13.04
2012-12-31 13.91 0.52 12.98

*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.
  • Share has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Share used its assets less efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Share 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 Share'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.
Share has a total score of 2/6, 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 Share'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 Share's finances.

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

AIM:SHRE Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 19.78 0.00 9.31
2019-03-31 19.78 0.00 9.31
2018-12-31 19.47 0.00 8.99
2018-09-30 19.47 0.00 8.99
2018-06-30 17.93 0.00 9.08
2018-03-31 17.93 0.00 9.08
2017-12-31 18.19 0.00 10.54
2017-09-30 18.19 0.00 10.54
2017-06-30 17.71 0.00 7.75
2017-03-31 17.71 0.00 7.75
2016-12-31 17.74 0.00 11.42
2016-09-30 17.74 0.00 11.42
2016-06-30 17.62 0.00 16.15
2016-03-31 17.62 0.00 16.15
2015-12-31 18.70 0.00 11.66
2015-09-30 18.70 0.00 11.66
2015-06-30 18.89 0.00 12.08
2015-03-31 18.89 0.00 12.08
2014-12-31 20.68 0.00 12.66
2014-09-30 20.74 0.00 12.66
2014-06-30 19.48 0.00 13.22
2014-03-31 19.48 0.00 13.22
2013-12-31 19.41 0.00 13.63
2013-06-30 16.83 0.00 12.43
2013-03-31 16.83 0.00 12.43
2012-12-31 16.48 0.00 12.19
  • Share has no debt.
  • Share has not taken on any debt in the past 5 years.
  • Share has no debt, it does not need to be covered by operating cash flow.
  • Share has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Share'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. Share 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 Share's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.82%
Current annual income from Share dividends. Estimated to be 2.38% next year.
If you bought £2,000 of Share shares you are expected to receive £36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Share's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Share's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.33%).
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:SHRE 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 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 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 1.9%
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:SHRE Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.01 2.00
2019-12-31 0.01 2.00
AIM:SHRE Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-05-01 0.006 1.744
2019-03-20 0.006 2.074
2018-05-08 0.004 1.574
2017-04-18 0.003 0.988
2017-03-09 0.003 0.938
2016-04-14 0.007 2.645
2016-03-09 0.007 2.741
2015-04-14 0.006 2.007
2015-03-04 0.006 1.579
2014-04-15 0.005 1.336
2014-03-11 0.005 1.329
2013-02-28 0.004 1.917
2012-04-13 0.004 1.523
2012-03-06 0.004 1.600
2011-08-09 0.000 0.000
2011-03-29 0.006 2.424
2011-03-01 0.006 2.257
2010-08-10 0.005 1.793
2010-03-31 0.000 0.000
2010-03-02 0.000 0.000

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

  • Share has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Share only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Share's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x 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 Share'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 Share afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Share has a total score of 0/6, 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 Share'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
Richard Stone
COMPENSATION £303,610
AGE 46
TENURE AS CEO 5.8 years
CEO Bio

Mr. Richard W. Stone has been the Chief Executive Officer of Share Plc since January 1, 2014. Mr. Stone serves as the Chief Executive Officer and Finance Director of The Share Centre Limited. He served as Finance Director at Share Plc from July 2006 to January 1, 2014 and as its Chief Financial Officer until January 1, 2014. Mr. Stone served as the Group Chief Operating Officer of Share Plc from October 05, 2012 to January 1, 2014. He served as a Finance Director of Huntswood CTC Ltd. (also known as Huntswood Outsourcing Solutions Ltd.) since October 2003. He served as Equity Analyst of Robertson Stephens, Inc., Research Division. He joined Huntswood in July 2003 from ECsoft Group plc, where he served as Group Financial Controller. Prior to joining ECsoft, Mr. Stone served as Senior Pan-European software and IT Services analyst at Robertson Stephens - a US-based technology focused investment bank - and was involved in a number of initial public offerings on various exchanges across Europe. He started his professional career at Ernst & Young. He serves as a Director of Share Plc. He served as Director of Huntswood CTC Ltd. He qualified as a Chartered Accountant and won the Peat Prize in his final examinations having been placed first in the National Order of Merit. Mr. Stone is a graduate of York University, where he obtained a First Class Honours degree in Politics, Philosophy and Economics.

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

Gavin David Oldham

TITLE
Executive Chairman
COMPENSATION
£182K
AGE
70

Richard Stone

TITLE
Chief Executive & Director
COMPENSATION
£304K
AGE
46
TENURE
5.8 yrs

Mike Birkett

TITLE
Finance Director & Executive Director
COMPENSATION
£220K
AGE
47
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Share board of directors in years:

5.8
Average Tenure
59
Average Age
  • The tenure for the Share board of directors is about average.
Board of Directors

Gavin David Oldham

TITLE
Executive Chairman
COMPENSATION
£182K
AGE
70
TENURE
5.8 yrs

Richard Stone

TITLE
Chief Executive & Director
COMPENSATION
£304K
AGE
46

Mike Birkett

TITLE
Finance Director & Executive Director
COMPENSATION
£220K
AGE
47
TENURE
5.8 yrs

Richard Tolkien

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£31K
AGE
64

Gareth Thomas

TITLE
Non-Executive Director
COMPENSATION
£31K
AGE
62
TENURE
4.9 yrs

Francesca Ecsery-Merrens

TITLE
Non Executive Director
COMPENSATION
£29K
AGE
56
TENURE
8.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
07. Jun 19 Sell Gareth Thomas Individual 04. Jun 19 04. Jun 19 -60,610 £0.33 £-20,001
07. Jun 19 Buy Gareth Thomas Individual 04. Jun 19 04. Jun 19 60,511 £0.33 £19,999
09. May 19 Sell Cenkos Securities plc, Asset Management Arm Company 08. May 19 08. May 19 -47,950 £0.37 £-17,636
09. May 19 Buy Cenkos Securities plc, Asset Management Arm Company 08. May 19 08. May 19 54,924 £0.36 £19,663
07. May 19 Sell Cenkos Securities plc, Asset Management Arm Company 03. May 19 03. May 19 -12,281 £0.35 £-4,341
07. May 19 Buy Cenkos Securities plc, Asset Management Arm Company 03. May 19 03. May 19 22,716 £0.36 £8,178
05. Dec 18 Sell Gavin David Oldham Individual 03. Dec 18 03. Dec 18 -1,667,254 £0.25 £-416,814
05. Dec 18 Buy Gavin David Oldham Individual 03. Dec 18 03. Dec 18 1,667,254 £0.25 £416,814
X
Management checks
We assess Share'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. Share 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

Have Insiders Been Buying Share Plc (LON:SHRE) Shares?

In the last twelve months, the biggest single purchase by an insider was when Executive Chairman Gavin David Oldham bought UK£417k worth of shares at a price of UK£0.25 per share. … But insiders sold 1.74m shares worth UK£435k … In total, Share insiders bought more than they sold over the last year

Simply Wall St -

Here's What We Think About Share Plc's (LON:SHRE) CEO Pay

Richard Stone became the CEO of Share Plc (LON:SHRE) in 2014. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Richard Stone's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Need To Know: Share Plc (LON:SHRE) Insiders Have Been Buying Shares

So we'll take a look at whether insiders have been buying or selling shares in Share Plc (LON:SHRE). … We generally consider it a positive if insiders have been buying on market, even above the current price. … But insiders sold 1.76m shares worth UK£440k.

Simply Wall St -

Is Share Plc (LON:SHRE) Overpaying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Richard Stone's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below UK£152m.

Simply Wall St -

Does Share Plc's (LON:SHRE) PE Ratio Warrant A Sell?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Share Plc (LON:SHRE)’s fundamentals and stock market performance. … While this makes SHRE appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Is Share Plc (LON:SHRE) Undervalued?

Let’s take a look at Share’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … AIM:SHRE Future Profit Jun 1st 18 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Is Share Plc's (LON:SHRE) CEO Paid At A Competitive Rate?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Profitability of a company is a strong indication of SHRE's ability to generate returns on shareholders' funds through corporate activities. … Considering the size of SHRE in terms of market cap, as well as its performance, using earnings as a proxy, it seems that Stone is compensated similar to other comparable UK CEOs of profitable small-caps.

Simply Wall St -

Are Insiders Too Confident In Share Plc (LON:SHRE)?

Share is one of United Kingdom’s small-cap stocks that saw some insider buying over the past three months, with insiders investing in 152,552 shares during this period. … Probing further into annual growth rates,Share is believed to experience a limited level of revenue growth next year, and along with high cost growth, is expected to contribute to a highly negative expected earnings growth. … Next Steps: Share’s net buying tells us the stock is in favour with some insiders, though negative growth in expected earnings contests this assumption, and the share price has not moved significantly to warrant reassessment of mispricing.

Simply Wall St -

Interested In Share Plc (LON:SHRE)? Here's How It Performed Recently

For Share, its most recent earnings (trailing twelve month) is UK£310.00K, which, against the prior year's figure, has dropped by a significant -57.94%. … This means any uplift the industry is benefiting from, Share has not been able to realize the gains unlike its industry peers.What does this mean? … In some cases, companies that experience an extended period of decline in earnings are going through some sort of reinvestment phase with the aim of keeping up with the latest industry growth and disruption.

Simply Wall St -

Should You Be Tempted To Sell Share Plc (LON:SHRE) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SHRE Price per share = £0.25 Earnings per share = £0.002 ∴ Price-Earnings Ratio = £0.25 ÷ £0.002 = 113.4x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with SHRE, then SHRE’s P/E would naturally be higher since investors would reward SHRE’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with SHRE, SHRE’s P/E would again be higher since investors would reward SHRE’s lower risk with a higher price as well.

Simply Wall St -

Company Info

Description

Share Plc, together with its subsidiaries, engages in stockbroking-related activities in the United Kingdom. The company operates through Share Center and Sharefunds divisions. The Share Center division provides stockbroking and custodian services to the retail investors. It also acts as investment manager to the TC share center portfolio funds of funds. In addition, this division engages in the provision and administration of execution-only and advisory trading, individual savings accounts, self-invested personal pension plans, child trust fund accounts, junior individual savings accounts, share incentive plans, investment club share accounts, and enterprise investment schemes. Further, it provides investment guidance to its customers through its Website, www.share.com and magazines. The ShareFunds division operates as a fund administration service provider. Share Plc was founded in 1991 and is based in Aylesbury, the United Kingdom.

Details
Name: Share Plc
SHRE
Exchange: AIM
Founded: 1991
£42,015,272
138,893,463
Website: http://www.share.com/shareplc
Address: Share Plc
Oxford House,
Oxford Road,
Aylesbury,
Buckinghamshire, HP21 8SZ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SHRE Ordinary Shares London Stock Exchange AIM Market GB GBP 16. Apr 2009
Number of employees
Current staff
Staff numbers
257
Share employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 20:33
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/10/10
Last earnings filing: 2019/08/08
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.