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SGE Sage Group Plc

1,144.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sage Group Plc LSE:SGE London Ordinary Share GB00B8C3BL03 ORD 1 4/77P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,144.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1,144.00 1,145.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 2.18B 211M 0.2059 55.59 11.73B
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,144.50 GBX

Sage (SGE) Latest News

Sage (SGE) Discussions and Chat

Sage Forums and Chat

Date Time Title Posts
21/4/202415:18Sage Group PLC in 2023 - high risk or undervalued?59
18/5/202300:07CAN SAGE make it to 225p - a superb stock3,844
10/5/201321:05SAGE: CHARTS, NEWS ETC.16
13/3/200908:30zxczx-
14/4/200415:04100p -- Only debate now is when680

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Sage (SGE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-22 16:30:531,144.891051,202.13O
2024-04-22 16:28:261,143.391852,115.27O
2024-04-22 16:27:561,145.3329,409336,828.63O
2024-04-22 16:27:021,143.221,25714,370.28O
2024-04-22 16:27:021,147.166,36673,028.27O

Sage (SGE) Top Chat Posts

Top Posts
Posted at 22/4/2024 09:20 by Sage Daily Update
Sage Group Plc is listed in the Prepackaged Software sector of the London Stock Exchange with ticker SGE. The last closing price for Sage was 1,144.50p.
Sage currently has 1,024,647,151 shares in issue. The market capitalisation of Sage is £11,727,086,643.
Sage has a price to earnings ratio (PE ratio) of 55.59.
This morning SGE shares opened at -
Posted at 21/4/2024 15:18 by maddox
The fool article is a marketing exercise, a few paragraphs of general description, no useful insights - certainly before having to sign-up - I didn't bother. One glaring error - it seems to say the yield is nearly 10% - unfortunately it's more like 1.7%. This might be poor editing and referring to another mystery share that we need to subscribe to discover the name of - but it's far from clear.

This to me probably reflects the quality of Motley Fool's analysis. Why did they pick Sage - that's easy it's gone up 45% in a year - question is were they tipping it a year ago? I'll venture a no.
Posted at 25/3/2024 17:59 by maddox
Most of the Brokers have been well off the pace with Sage, even when they moved to a buy rating the share price target has significantly lagged Mr Market - even in a risk-off market environment. So, the current consensus spt is 1168p - c.8% below today's close. I think Mr Market is backing SGE to achieve its ambition to be a 'Rule of 40' SaaS firm and justify a premium rating.

Whilst arguably SGE is looking expensive on a fwd p/e of 33 - but not excessively so if you see Intuit is on a p/e 65 or Xero on 1,250(Morning Star figs)!
Posted at 25/3/2024 09:39 by 1968jon
You've got to love an analyst! Having interacted with them, I understand that the job is more than having perfect ratings in real-time for every stock and that buy/sell/hold etc are not for instant trade instructions, but optically they look daft. They also don't get fired on the basis of poor ratings.

I don't know what was written in Socgen's note - maybe it included a huge mea culpa, but I doubt it - but for the uninitiated they might ask what has happened to the stock that you told me not to go near and that you now tell me not to buy, other than the share price rising?
I presume Barclays are still sellers per my post above.
Truly, they all hate Sage.
Posted at 25/3/2024 08:12 by bigbigdave
*SOCGEN RAISES SAGE GROUP TO 'HOLD' (SELL) - PRICE TARGET 1303 (922) PENCE
Posted at 06/12/2023 10:12 by maddox
Very impressed by the share price resilience. The shares jumped up 14% on the results and has powered on further rather than dropping back. Clearly the share buy-backs will be supportive but I suspect the steady rise from March took out any weak holders - so buying activity is not finding ready sellers.

We've seen some more Broker upgrades, Bank of America share price target 1300p, Citi 1300p, JPM 1250p, but Canaccord amend to Sell and 970p spt.

Overall, SGE at 1145p as I post is above the 1124p Brokers Consensus and 53% up so far in the calendar year. I wonder where we'll be if SGE become fashionable?

Well done all holders.
Posted at 22/11/2023 12:17 by maddox
Yep, we've blasted through the Brokers' Consensus share price target of 1016p. As I post we're at 1128.5p up 131.3p (13%). The Brokers have been way behind Mr Market on SGE - they don't appear able to shake-off their previous perceptions of SGE as an old on-premise perpetual licence underperformer.

Interesting reaction - Mr Market has recently not responded to good results. Perhaps market sentiment is changing? Let's see how much of this gain is retained.
Posted at 22/11/2023 08:48 by maddox
Excellent results - the transformation is now clear to anyone that cares to look. The share price has run-up in advance but it looks like these results are good enough to justify the valuation. Against a pretty grim market back drop it's very pleasing to see the performance SGE is achieving.

Highlights
>> Underlying recurring revenue increased by 12% to £2,096m;
>> Margin increasing by 140 bps to 20.9% (constant currency);
>> Underlying basic EPS increased by 22% to 32.3p;
>> Cash conversion of 116%;
>> Final dividend of 12.75p, increasing the full year dividend by 5% to 19.3p;
>> Share buyback programme of up to £350m announced.

SGE have a clear winner with SGE Intacct and are aggressively rolling out geographically as well as investing in developing tailored versions for specific market verticals - for manufacturing, construction etc.

The successful transformation to a SaaS business is clear in the metrics:

>> Renewal rate by value of 102% (FY22: 101%), ahead of last year driven by more sales to existing customers and retention.
>> Sage Business Cloud penetration of 84% (FY22: 75%);
>> Subscription penetration of 79% (FY22: 75%).

Really good to see this strong underpinning that is hugely attractive.

With high quality recurring revenue; evident pricing power; growing operating margins; generating surplus cash and new customer acquisition growth - these are very impressive results.
Posted at 06/9/2023 17:04 by maddox
Hi Jon,

Welcome aboard. Yes, Sage have suffered from an image problem - which once formed in people's minds - is very difficult to change. Admittedly the SaaS and Cloud transitions has been a long-haul as has exiting country business units, old products and business lines (payment acquisition). But opinions on SGE are changing and that is clearly being reflected in the share price.

As JPM point out SGE Intacct is an important growth engine - it's been a big success in the US market - and this growth should accelerate as it rolls out to other geographies.

(Closed 990.40p +17.40 +1.79% new 52wk closing high).
Posted at 27/8/2023 23:59 by maddox
Agreed Wad, It's been hitting repeated highs - that against this market backdrop is very positive. Somewhat perplexing is that the Brokers Analyst consensus share price target is 963.85p which we've already exceeded with an intra-day high of 665.60p. So, whilst the Brokers' consensus has now moved overwhelmingly to Buy/Strong Buy they are keeping their share price targets low.
Posted at 19/7/2023 10:27 by maddox
To put this undervaluation into context. In the UK SGE is considered highly valued on a p/e 27, however, Intuit (QuickBooks)is on a p/e 62.79 and Xero a p/e of 133.

If Sage was on a p/e similar to Intuit - it's share price would be over £20. Obviously, I'm not suggesting that SGE will valued on a similar p/e to Intuit or Xero anytime soon - it's far more likely that they will come more into line with SGE - particularly if they disappoint.
Sage share price data is direct from the London Stock Exchange

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