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Sanne Group

LSE:SNN
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNN
LSE
£857M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Sanne Group plc, provides fund, company, and trust administration services worldwide. The last earnings update was 17 days ago. More info.


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SNN Share Price and Events
7 Day Returns
-1.3%
LSE:SNN
-1.1%
GB Capital Markets
-2.2%
GB Market
1 Year Returns
7.6%
LSE:SNN
-2.4%
GB Capital Markets
-25.9%
GB Market
SNN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sanne Group (SNN) -1.3% 1% -13.6% 7.6% -14.9% 132.2%
GB Capital Markets -1.1% -13.5% -17.2% -2.4% 33.5% 67.4%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • SNN outperformed the Capital Markets industry which returned -2.4% over the past year.
  • SNN outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
SNN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Sanne 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 Sanne 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 Sanne Group.

LSE:SNN 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
= £1.41 * 9.3%
£0.13
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. £1.41
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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

Calculation of Discount Rate/ Cost of Equity for LSE:SNN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 20%) (19.53%))
0.907
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.907 * 5.44%)
5.47%

Discounted Cash Flow Calculation for LSE:SNN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sanne 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.

LSE:SNN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.3% – 5.47%) * £1.41)
£0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.05 / (5.47% - 0.53%)
£1.08
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.41 + £1.08
£2.49
LSE:SNN Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.49
Current discount Discount to share price of £5.92
= -1 x (£5.92 - £2.49) / £2.49
-137.6%

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

  • The current share price of Sanne 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 Sanne Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sanne Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SNN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.04
LSE:SNN Share Price ** LSE (2020-04-03) in GBP £5.92
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 43 Publicly-Listed Capital Markets Companies 15.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of Sanne Group.

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

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

= 5.92 ÷ 0.04

153.79x

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

  • Sanne Group is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Sanne Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sanne Group's expected growth come at a high price?
Raw Data
LSE:SNN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 153.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
50%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 20 Publicly-Listed Capital Markets Companies 0.78x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 153.79x ÷ 50%

3.07x

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

  • Sanne Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sanne Group's assets?
Raw Data
LSE:SNN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £1.19
LSE:SNN Share Price * LSE (2020-04-03) in GBP £5.92
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 81 Publicly-Listed Capital Markets Companies 1.25x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
LSE:SNN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.92 ÷ 1.19

4.99x

* Primary Listing of Sanne Group.

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

  • Sanne Group is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Sanne 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. Sanne Group 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 Sanne Group expected to perform in the next 1 to 3 years based on estimates from 10 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
50%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sanne Group expected to grow at an attractive rate?
  • Sanne Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Sanne Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Sanne 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:SNN Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SNN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 50%
LSE:SNN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 9.3%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 18.7%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
LSE:SNN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SNN Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 266 1
2023-12-31 226 2
2022-12-31 221 58 43 6
2021-12-31 202 53 31 10
2020-12-31 182 48 21 10
2020-04-05
LSE:SNN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 160 45 6
2019-06-30 156 34 13
2019-03-31 149 31 16
2018-12-31 143 28 18
2018-09-30 133 17
2018-06-30 123 24 16
2018-03-31 118 28 17
2017-12-31 113 31 18
2017-09-30 103 17
2017-06-30 93 25 17
2017-03-31 78 21 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sanne Group's earnings are expected to grow significantly at over 20% yearly.
  • Sanne Group's revenue is expected to grow by 9.3% 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:SNN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Sanne Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SNN Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.27 0.29 0.25 2.00
2021-12-31 0.21 0.24 0.18 4.00
2020-12-31 0.16 0.18 0.13 4.00
2020-04-05
LSE:SNN Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.04
2019-06-30 0.09
2019-03-31 0.11
2018-12-31 0.13
2018-09-30 0.12
2018-06-30 0.11
2018-03-31 0.12
2017-12-31 0.13
2017-09-30 0.13
2017-06-30 0.13
2017-03-31 0.12

*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.
  • Sanne Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sanne 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.
Sanne Group has a total score of 5/6, 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 Sanne 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 Sanne 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.
  • Sanne Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Sanne Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sanne Group's 1-year earnings growth is negative, it can't be compared to the GB Capital Markets industry average.
Earnings and Revenue History
Sanne 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 Sanne Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SNN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 159.71 5.54 69.94
2019-06-30 155.87 13.07 49.23
2019-03-31 149.44 15.62 46.62
2018-12-31 143.00 18.17 44.00
2018-09-30 132.86 16.86 41.67
2018-06-30 122.71 16.01 39.33
2018-03-31 117.94 17.07 36.57
2017-12-31 113.17 18.13 33.80
2017-09-30 102.84 17.33 30.04
2017-06-30 92.52 16.52 26.28
2017-03-31 78.18 14.74 22.43
2016-12-31 63.85 12.95 18.58
2016-09-30 58.02 13.39 17.29
2016-06-30 52.19 13.83 15.99
2016-03-31 48.91 7.70 15.60
2015-12-31 45.64 1.56 15.20
2015-09-30 42.78 -0.46 14.04
2015-06-30 39.93 -2.48 12.88
2015-03-31 37.76 1.85 12.01
2014-12-31 35.58 6.18 11.15
2013-12-31 26.00 5.16 8.90

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sanne Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sanne Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sanne 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 not covered by short term assets, assets are 0.8x 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 Sanne Group Company Filings, last reported 3 months ago.

LSE:SNN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 171.83 129.57 51.45
2019-06-30 184.06 99.28 44.23
2019-03-31 184.06 99.28 44.23
2018-12-31 192.67 85.36 32.41
2018-09-30 192.67 85.36 32.41
2018-06-30 179.64 70.72 32.53
2018-03-31 179.64 70.72 32.53
2017-12-31 156.69 64.34 50.80
2017-09-30 156.69 64.34 50.80
2017-06-30 158.88 50.57 32.56
2017-03-31 158.88 50.57 32.56
2016-12-31 131.36 59.52 108.67
2016-09-30 131.36 59.52 108.67
2016-06-30 22.64 17.73 14.52
2016-03-31 22.64 17.73 14.52
2015-12-31 18.99 17.70 19.45
2015-09-30 18.99 17.70 19.45
2015-06-30 12.75 17.70 12.15
2015-03-31 12.75 17.70 12.15
2014-12-31 -29.42 61.57 12.59
2013-12-31 4.24 21.24 9.20
  • Sanne Group's level of debt (75.4%) compared to net worth is high (greater than 40%).
  • Sanne Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (35.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Sanne 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. Sanne 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 Sanne 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
2.38%
Current annual income from Sanne Group dividends. Estimated to be 2.56% next year.
If you bought £2,000 of Sanne Group shares you are expected to receive £48 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?
  • Sanne Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • Sanne Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.42%).
Upcoming dividend payment

Purchase Sanne Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:SNN 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 10 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 38 Stocks 2.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

LSE:SNN Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.15 1.00
2022-12-31 0.16 6.00
2021-12-31 0.15 11.00
2020-12-31 0.14 10.00
2020-04-05
LSE:SNN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.141 2.503
2019-05-16 0.138 2.291
2018-03-29 0.126 2.106
2018-03-22 0.126 1.809
2017-04-06 0.096 1.356
2017-03-29 0.096 1.398
2016-04-06 0.112 2.293
2016-03-21 0.112 2.964
2015-08-20 0.028 0.853

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

  • Whilst dividend payments have been stable, Sanne Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sanne Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Sanne Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Sanne Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Sanne Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sanne 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 Sanne 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
Martin Schnaier
AGE 42
TENURE AS CEO 0.9 years
CEO Bio

Mr. Martin Schnaier, ACA, serves as Director at Sanne Group plc since 2019. He served as Chief Commercial Officer at Sanne Group plc since 2017 until January 2019 and served as its Managing Director of Alternatives Assets - EMEA since December 7, 2016 until 2017. Mr. Schnaier served as the Head of Private Debt & Capital Markets at Sanne Group plc until December 7, 2016. Mr. Schnaier is responsible for corporate and institutional relationship management and business development. He has over 10 years’ of experience in the finance industry working with institutional funds, venture capital trusts, and private equity and debt funds. He served as Director of Fund Administration, Director of Corporate, Private Equity and Debt Structures-London at Sanne Trust Company Limited/Sanne Fiduciary Services Limited. He served as Finance Director at Babson Capital with responsibility for the firm's mezzanine and private equity business. He worked at both Advent Venture Partners and KPMG, where he qualified as a chartered accountant in 2003. He served as a Director of Custodes Pikco Ltd. until March 29, 2018. He has been a Director of Arkle Master Issuer PLC since August 8, 2013. He served as a Director at Sanne Group plc until December 7, 2016. He studied Bachelor of Commerce with Accounting at University of the Witwatersrand in 1998.

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

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

3.3
Average Tenure
43.5
Average Age
  • The tenure for the Sanne Group management team is about average.
Management Team

James Ireland

TITLE
CFO & Director
COMPENSATION
£379K
TENURE
1.8 yrs

Martin Schnaier

TITLE
Group CEO & Director
AGE
42
TENURE
0.9 yrs

Eric Watson

TITLE
Group Chief Operating Officer
TENURE
3.3 yrs

Moricko Kemp

TITLE
Lead Director of Investment & Treasury services
TENURE
4 yrs

Peter Messervy-Gross

TITLE
Chief Information Officer

Dan McKeon

TITLE
Head of Legal & Secretariat
AGE
45
TENURE
3.3 yrs

Martin Pearson

TITLE
Chief Risk Officer & Group Compliance Officer
TENURE
2.3 yrs

Matthew Morel

TITLE
Director of Marketing & Corporate Communications
TENURE
3.3 yrs

Kate Windall

TITLE
Head of Human Resources
AGE
48

Jason Bingham

TITLE
Managing Director of Product Development
AGE
40
TENURE
3.3 yrs
Board of Directors Tenure

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

1.8
Average Tenure
56
Average Age
  • The average tenure for the Sanne Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rupert H. Robson

TITLE
Non-Executive Chairman
COMPENSATION
£160K
AGE
58
TENURE
5.1 yrs

James Ireland

TITLE
CFO & Director
COMPENSATION
£379K
TENURE
1.8 yrs

Martin Schnaier

TITLE
Group CEO & Director
AGE
42
TENURE
1.3 yrs

Andy Pomfret

TITLE
Senior Independent Director
COMPENSATION
£75K
AGE
60

Nicola Palios

TITLE
Non-Executive Director
COMPENSATION
£70K
AGE
52
TENURE
5.1 yrs

Mel Carvill

TITLE
Independent Non-Executive Director
COMPENSATION
£70K
AGE
57
TENURE
2.3 yrs

Julia Anne Chapman

TITLE
Independent Non-Executive Director
COMPENSATION
£30K
AGE
53
TENURE
1.8 yrs

Yves Stein

TITLE
Independent Non-Executive Director
COMPENSATION
£15K
AGE
56
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sanne Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
25. Mar 20 Buy Mel Carvill Individual 23. Mar 20 23. Mar 20 10,000 £5.20 £52,000
25. Oct 19 Buy Rupert H. Robson Individual 25. Oct 19 25. Oct 19 4,609 £5.42 £24,981
13. Jun 19 Buy Rupert H. Robson Individual 12. Jun 19 12. Jun 19 249 £6.89 £1,716
X
Management checks
We assess Sanne 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. Sanne 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

Why Sanne Group plc's (LON:SNN) High P/E Ratio Isn't Necessarily A Bad Thing

We'll look at Sanne Group plc's (LON:SNN) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Sanne Group: P/E of 42.83 = £5.51 ÷ £0.13 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … LSE:SNN Price Estimation Relative to Market, August 18th 2019 Its relatively high P/E ratio indicates that Sanne Group shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Can We See Significant Institutional Ownership On The Sanne Group plc (LON:SNN) Share Register?

View our latest analysis for Sanne Group LSE:SNN Ownership Summary, August 6th 2019 What Does The Institutional Ownership Tell Us About Sanne Group? … We can see that Sanne Group does have institutional investors; and they hold 68% of the stock. … Insider Ownership Of Sanne Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Sanne Group plc (LON:SNN): Poised For Long Term Success?

Below is a brief commentary around Sanne Group's earnings outlook going forward, which may give you a sense of market sentiment for the company. … See our latest analysis for Sanne Group How is Sanne Group going to perform in the near future? … LSE:SNN Past and Future Earnings, July 10th 2019 From the current net income level of UK£18m and the final forecast of UK£38m by 2022, the annual rate of growth for SNN’s earnings is 24%.

Simply Wall St -

Sanne Group (LON:SNN) Has A Pretty Healthy Balance Sheet

We note that Sanne Group plc (LON:SNN) does have debt on its balance sheet. … Since Sanne Group does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … During the last three years, Sanne Group generated free cash flow amounting to a very robust 93% of its EBIT, more than we'd expect.

Simply Wall St -

What Should Investors Know About Sanne Group plc's (LON:SNN) Earnings Outlook?

The latest earnings announcement Sanne Group plc (LON:SNN) released in December 2018 revealed that the company experienced a slight tailwind, leading to a single-digit earnings growth of 0.2%. … Below, I've laid out key numbers on how market analysts view Sanne Group's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Sanne Group Analysts' outlook for the upcoming year seems positive, with earnings increasing by a robust 34%.

Simply Wall St -

An Examination Of Sanne Group plc (LON:SNN)

For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Sanne Group here. … High growth potential with adequate balance sheet Investors in search for stocks with room to flourish should look no further than SNN, with its expected earnings growth of 24% which is expected to flow into an impressive return on equity of 24% over the next couple of years. … Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

Simply Wall St -

Is Sanne Group plc (LON:SNN) At Risk Of Cutting Its Dividend?

Is Sanne Group plc (LON:SNN) a good dividend stock? How would you know? Dividend paying companies with growing earnings can be highly rewarding in the long term. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. Investors might not know much about Sanne Group's dividend prospects, even though it has been paying dividends for the last four years and offers a 2.1% yield. A 2.1% yield is not inspiring, but the longer payment history has some appeal. Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below. Explore this interactive chart for our latest analysis on Sanne Group! LSE:SNN Historical Dividend Yield, May 14th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. Sanne Group paid out 107% of its profit as dividends, over the trailing twelve month period. A payout ratio above 100% is definitely an item of concern, unless there are some other circumstances that would justify it. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. The company paid out 79% of its free cash flow as dividends last year, which is adequate, but reduces the wriggle room in the event of a downturn. Is Sanne Group's Balance Sheet Risky? As Sanne Group's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … However, it's also important to assess if earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. Earnings have grown at around 4.5% a year for the past five years, which is better than seeing them shrink! Still, the company has struggled to grow its EPS, and currently pays out 107% of its earnings. As they say in finance, 'past performance is not indicative of future performance', but we are not confident a company with limited earnings growth and a high payout ratio will be a star dividend payer over the next decade. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

How Many Sanne Group plc (LON:SNN) Shares Did Insiders Buy, In The Last Year?

So before you buy or sell Sanne Group plc (LON:SNN), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Sanne Group. … Happily, the Sanne Group insiders decided to buy shares at close to current prices.

Simply Wall St -

Is Sanne Group plc's (LON:SNN) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Dean Godwin's Compensation Compare With Similar Sized Companies. … According to our data, Sanne Group plc has a market capitalization of UK£842m, and pays its CEO total annual compensation worth UK£366k.

Simply Wall St -

Sanne Group plc (LON:SNN): What Are The Future Prospects?

Looking at Sanne Group plc's (LON:SNN) earnings update on 31 December 2018, … analyst consensus outlook appear cautiously optimistic, … with earnings expected to grow by 33% in the upcoming year,

Simply Wall St -

Company Info

Description

Sanne Group plc, provides fund, company, and trust administration services worldwide. The company operates through EMEA Alternatives, Asia-Pacific & Mauritius Alternatives, North America Alternatives, and Corporate & Private Client segments. It offers alternative asset services comprising private debt fund administration, capital markets, depositary, and loan agency and security trustee services to banks, insurance companies, and asset managers; real estate fund and corporate administration, real estate accounting, and complementary services; private equity fund administration, corporate administration, and portfolio monitoring services; and hedge fund administration services, as well as acts as an alternative investment fund manager. The company also provides AIFMD compliant depositary services, such as safekeeping and verification of documentation and assets; trustee/fund safe custody services; maintenance of comprehensive asset registers; operational oversight ensuring compliance with fund documents and applicable laws and regulations; cash monitoring and document tracking; and regular document reconciliation and sub-custodian liaison to private equity, private debt, real estate, and asset class fund managers. In addition, it offers independent and specialist agency and security trustee services for syndicated loans and bonds issuances; and accounting and administration, and waterfall modelling services, as well as support various carried interest arrangements, including deal by deal, vintage year, whole fund, or other designs. Further, Sanne Group plc provides outsource fiduciary, administration, and regulatory services to international corporates, institutions, investor groups, asset managers, and high net worth individuals and their families. The company was formerly known as Album Group plc and changed its name to Sanne Group plc in March 2015. Sanne Group plc was founded in 1988 and is headquartered in St Helier, Jersey.

Details
Name: Sanne Group plc
SNN
Exchange: LSE
Founded: 1988
£857,238,105
144,803,734
Website: http://www.sannegroup.com
Address: Sanne Group plc
13 Castle Street,
St Helier,
JE4 5UT,
Jersey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SNN New Ordinary Shares London Stock Exchange GB GBP 01. Apr 2015
BATS-CHIXE SNNL New Ordinary Shares BATS 'Chi-X Europe' GB GBP 01. Apr 2015
Number of employees
Current staff
Staff numbers
1,700
Sanne Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 01:56
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.