Financials SThree plc

Equities

Market Closed - London S.E. Other stock markets 11:35:26 2024-07-11 am EDT			5-day change	1st Jan Change
429.5 ^GBX	+1.18%		-0.12%	+2.75%

Jun. 18	SThree net fees decline but "well placed" when hiring market picks up	AN
Jun. 18	Transcript : SThree plc, H1 2024 Sales/ Trading Statement Call, Jun 18, 2024

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	446.9	387.1	682.5	538	537.7	565.1	-	-
Enterprise Value (EV) ¹	436.3	337.2	625	506.3	537.7	490.6	483.7	474.2
P/E ratio	11 x	21.8 x	16.9 x	10.2 x	9.73 x	11.8 x	10.1 x	9.02 x
Yield	1.5%	1.66%	2.12%	3.95%	-	3.79%	3.98%	4.32%
Capitalization / Revenue	0.33 x	0.32 x	0.51 x	0.33 x	0.32 x	0.36 x	0.34 x	0.31 x
EV / Revenue	0.32 x	0.28 x	0.47 x	0.31 x	0.32 x	0.31 x	0.29 x	0.26 x
EV / EBITDA	6.6 x	8.95 x	7.96 x	5.25 x	5.83 x	5.78 x	5.02 x	4.47 x
EV / FCF	12.2 x	5.51 x	17.8 x	12 x	-	11.6 x	13.2 x	12.5 x
FCF Yield	8.17%	18.2%	5.62%	8.33%	-	8.59%	7.58%	7.97%
Price to Book	3.79 x	3.11 x	4.39 x	2.69 x	-	2.31 x	2.05 x	1.81 x
Nbr of stocks (in thousands)	131,063	128,378	131,244	132,672	133,087	133,122	-	-
Reference price ²	3.410	3.015	5.200	4.055	4.040	4.245	4.245	4.245
Announcement Date	1/27/20	1/25/21	1/31/22	1/30/23	1/30/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,345	1,214	1,331	1,639	1,663	1,582	1,680	1,802
EBITDA ¹	66.07	37.69	78.53	96.45	92.27	84.85	96.3	106.1
EBIT ¹	60.03	31.3	60.81	77.55	76.36	67.74	79.14	89.39
Operating Margin	4.46%	2.58%	4.57%	4.73%	4.59%	4.28%	4.71%	4.96%
Earnings before Tax (EBT) ¹	56.8	30.6	60.16	77.03	77.92	68.96	81.43	91.84
Net income ¹	41.32	18.8	41.98	54.2	56.05	48.77	57.28	65.13
Net margin	3.07%	1.55%	3.15%	3.31%	3.37%	3.08%	3.41%	3.62%
EPS ²	0.3090	0.1380	0.3070	0.3990	0.4150	0.3587	0.4198	0.4708
Free Cash Flow ¹	35.66	61.22	35.14	42.19	-	42.16	36.69	37.8
FCF margin	2.65%	5.04%	2.64%	2.57%	-	2.66%	2.18%	2.1%
FCF Conversion (EBITDA)	53.97%	162.44%	44.75%	43.74%	-	49.69%	38.09%	35.63%
FCF Conversion (Net income)	86.3%	325.66%	83.71%	77.84%	-	86.44%	64.05%	58.04%
Dividend per Share ²	0.0510	0.0500	0.1100	0.1600	-	0.1609	0.1691	0.1833
Announcement Date	1/27/20	1/25/21	1/31/22	1/30/23	1/30/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	10.6	49.9	57.5	31.7	-	74.5	81.4	90.9
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	35.7	61.2	35.1	42.2	-	42.2	36.7	37.8
ROE (net income / shareholders' equity)	37.8%	15%	29.3%	30.2%	-	20.8%	21%	20.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	10.1%	10.7%	11%
Assets ¹	-	-	-	-	-	481.5	537.2	590.1
Book Value Per Share ²	0.9000	0.9700	1.180	1.510	-	1.840	2.070	2.340
Cash Flow per Share ²	0.3000	0.4900	0.2800	0.3200	-	0.4600	0.3600	0.4200
Capex ¹	4.56	5.28	2.65	3.41	-	12.8	8.36	5.45
Capex / Sales	0.34%	0.43%	0.2%	0.21%	-	0.81%	0.5%	0.3%
Announcement Date	1/27/20	1/25/21	1/31/22	1/30/23	1/30/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.245 GBP

Average target price

5.3 GBP

Spread / Average Target

+24.85%

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