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CPG Compass Group Plc

2,400.00
-14.00 (-0.58%)
04 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Compass Group Plc LSE:CPG London Ordinary Share GB00BD6K4575 ORD 11 1/20P
  Price Change % Change Share Price Shares Traded Last Trade
  -14.00 -0.58% 2,400.00 1,102,085 16:29:55
Bid Price Offer Price High Price Low Price Open Price
2,400.00 2,402.00 2,409.00 2,392.00 2,409.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 31.03B 1.31B 0.7736 31.09 41B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:55 AT 3 2,400.00 GBX

Compass (CPG) Latest News (3)

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Trade Time Trade Price Trade Size Trade Value Trade Type
15:29:552,400.00372.00AT
15:29:552,402.00248.04O
15:29:542,401.003117,467.11AT
15:29:542,401.001964,705.96AT
15:29:542,400.0041984.00AT

Compass (CPG) Top Chat Posts

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Posted at 04/10/2024 09:20 by Compass Daily Update
Compass Group Plc is listed in the Eating Places sector of the London Stock Exchange with ticker CPG. The last closing price for Compass was 2,414p.
Compass currently has 1,698,611,442 shares in issue. The market capitalisation of Compass is £40,851,605,180.
Compass has a price to earnings ratio (PE ratio) of 31.09.
This morning CPG shares opened at 2,409p
Posted at 23/7/2024 19:17 by gibbs1
Written by:
Oliver Haill
Edited by:
Philip Whiterow

Compass Group PLC
(
LSE:CPG
)
Compass update reassures with analysts eyeing growth 'sweet spot'

Last updated: 16:04 23 Jul 2024 BST, First published: 15:04 23 Jul 2024 BST
Compass Group PLC -

Compass Group PLC (LSE:CPG) reassured any investors who had been doubting the catering giant with quarterly results that ticked most boxes, with some analysts saying the company is now entering a "sweet spot".

Barclays analysts said expectations had been "low" going into the results today, after a recent warning by French rival Sodexo that sales were lower than expected.

But the 10.3% organic growth number, while down on the previous two periods, beat the consensus forecast of 9.5%, so was taken well by the market.

An update on full-year guidance was also a slight improvement, the Barclays team said, with the language changing to "underlying operating profit growth above 15%" on a constant-currency basis, compared to "towards 15% EBIT growth" previously.

The positive tone in management's comments on net new contracts, ​retention and signings momentum "is key", the Barclays analysts said, "as this has been a source of concern for the last few Qs".

At Jefferies, analysts said the better-than-expected growth in organic revenue growth was "driven by an appealing reacceleration in net new momentum and better-than-expected like-for-like volume".

Their view is that net new business is likely to remain healthy because industry bid pipelines remain elevated.

"Compass is entering a sweet spot as high net new business, EBITA margin recovery, and M&A tailwinds converge," the Jefferies analysts said.

"Our proprietary analysis of market size and share confirms that industry outsourcing momentum has doubled since Covid, large peers are gaining share, and growth could remain elevated for a decade.

"We believe Compass’s organic sales could be 50%+ above pre-COVID in FY26F, but the shares trade in the middle half of the historical valuation range."


PROACTIVE
Posted at 10/6/2024 17:34 by waldron
Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Final Interim

Per share 28.1p 16.299p (20.7c)

Declaration date 20 Nov 2023 (Mon) 15 May 2024 (Wed)

Ex-div date 18 Jan 2024 (Thu) 13 Jun 2024 (Thu)

Pay date 29 Feb 2024 (Thu) 25 Jul 2024 (Thu)
Posted at 10/5/2023 07:40 by ariane
Compass Group Raises Fiscal Year 2023 Guidance After 1st Half Profit Rose; Announces GBP750 Million Buyback
05/10/2023 | 07:35am BST


By Kyle Morris

Compass Group PLC said Wednesday that it is upgrading its guidance for fiscal 2023 after first-half pretax profit rose and that it plans an up to 750 million pounds ($946.6 million) share buyback program.

The U.K. catering contractor said pretax profit for the six months to March 31 was GBP831 million compared with GBP632 million for the same period the year before.

Underlying operating profit--which strips out exceptional and other one-off items--rose to GBP1.05 billion from GBP673 million.

Revenue increased to GBP15.66 billion from GBP11.50 billion.

Compass said it will start a share buyback program worth up to GBP750 million this year.

The company said it has upgraded its fiscal 2023 guidance to organic revenue growth of around 18%, from around 15%, and operating profit growth toward 30%, from above 20%.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

05-10-23 0234ET
Posted at 10/5/2023 07:18 by suetballs
Spectacular half year results.
Well done cpg.
The market can’t fail to be happy!
Suet
Posted at 05/5/2023 20:22 by florenceorbis
Consensus

Mean consensus OUTPERFORM

Number of Analysts 23

Last Close Price 2 100,00 GBX

Average target price 2 114,53 GBX
Spread / Average Target 0,69%

LOOKING TOPPY AND MIGHT FALL AWAY
Posted at 30/11/2022 15:23 by waldron
Compass's Current Momentum Likely to Bring Mid-Term Goals Closer
30 November 2022 - 02:06PM
Dow Jones News

Compass's Current Momentum Likely to Bring Mid-Term Goals Closer

1156 GMT - Compass Group's fiscal 2023 earnings are expected to be driven by continued momentum and robust net gains after the group reported a robust performance for the previous year, Shore Capital analyst Greg Johnson says in a note. The U.K. catering contractor is likely to also report further price and like-for-like sales recovery after profitability returned to prepandemic levels in the second half of fiscal 2022, Johnson says. "We previously set out a blue-sky scenario for revenues to build beyond GBP35 billion in the medium term," Johnson says. "Given the current momentum we now see this as more of a forecast than a pipe dream." (michael.susin@wsj.com)
Posted at 21/11/2022 08:57 by waldron
Jeremy Cutler

08:31 Mon 21 Nov 2022

Compass lifts dividend as profits and revenues grow strongly

The company highlighted "excellent" net new business of 7.5%, while client retention rates improved to a record 96.4%, up 100 basis points on 2021


Catering company Compass Group PLC (LSE:CPG) rewarded shareholders with a 125% increase in its full-year dividend and launched a further £250mln share buy-back as it reported strong growth in profits and revenues.

In the year to 30 September 2022, underlying operating profit grew 87.5% to £1.59bn, on revenue of £25.8bn, up 37.5% on the previous year.

The company highlighted "excellent" net new business of 7.5%, while client retention rates improved to a record 96.4%, up 100 basis points (bps) on 2021.

Underlying operating margins improved by 170bps in the year to 6.2% and are expected to rise in full-year 2023 to 6.5%.

For 2023, Compass forecast constant-currency underlying operating profit growth of over 20%, delivered through organic revenue growth of around 15%, weighted towards the first half of the year.

The group, which has completed an initial £500mln share buyback, also announced a further £250mln buyback, to be completed in the first half of 2023.

Chief executive Dominic Blakemore said: "The group's performance surpassed our expectations both in terms of net new business growth and base volume recovery, with Business & Industry now operating above its pre-pandemic revenues.”

"Looking further ahead, we remain excited about the significant structural growth opportunities globally, leading to the potential for revenue and profit growth above historical rates, returning margin to pre-pandemic levels and rewarding shareholders with further returns."

Proactive
Posted at 21/11/2022 07:52 by waldron
Compass Group Fiscal Year 2022 Pretax Profit Rose on Sector Reopening, To Buy Back GBP250 Million
11/21/2022 | 07:42am GMT


By Michael Susin

Compass Group PLC reported on Monday a better-than-expected pretax profit increase for fiscal 2022 driven by a robust recovery on volumes and new business growth amid lower costs, and announced a further capital return to shareholders as it expects further growth in fiscal 2023.

The U.K. catering contractor said it will launch a further share buyback program of up to 250 million pounds ($297.2 million) in the first half of fiscal 2023, bringing the total return program to GBP750 million.

The board has also declared a dividend of 31.5 pence a share, compared with 14 pence a share in fiscal 2021.

The company made a pretax profit of GBP1.47 billion for the year ended Sept. 30 from GBP464 million reported in fiscal 2021. This compares with a consensus forecast of GBP1.32 billion taken from FactSet and based on seven analysts estimations.

Revenue rose 42.5% to GBP25.5 billion from GBP17.91 billion a year earlier, reflecting the reopening of sectors and improved client retention. Underlying operating margin was 5.9% compared with 4.5% the previous period.

"The group's performance surpassed our expectations both in terms of net new business growth and base volume recovery, with Business & Industry now operating above its pre-pandemic revenues. The strong growth trends seen in the first half have continued, with net new business accelerating through the year in all our regions," Chief Executive Dominic Blakemore said.

"Our clients are continuing to face operational complexities and inflationary pressures, which are driving increased outsourcing, and we are successfully capitalizing on the resulting growth opportunities," Mr. Blakemore added.

The company said it expects underlying operating profit growth for fiscal 2023 to be above 20%, to be delivered through organic revenue growth of around 15%, and underlying operating margin above 6.5%.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires
Posted at 19/5/2022 13:46 by waldron
Summary and outlook

The Group is exiting the pandemic strongly and has achieved the important milestone of revenue exceeding its pre-COVID level on a run rate basis. Organic growth was strong in the first half of the year as the Group benefited from like for like volume recovery, high levels of net new business and pricing. Underlying operating margin was in line with guidance and is expected to improve in the second half.

While there are global inflationary pressures, which are expected to increase and continue at a heightened level, we have a resilient business model to help mitigate this challenge. This environment is also leading to an acceleration in first time outsourcing as organisations seek cost savings. We have a clear strategy to capture this growth opportunity based on our scale, expertise and sectorised market approach. Our value creation model has proven very effective and remains unchanged. The Group's market leading position combined with a relevant offer and capability are resulting in record new business wins and our highest ever client retention rate.

Given our strong first half performance and positive outlook, we are increasing our full year organic revenue growth guidance from 20 - 25% to around 30%. Whilst we are cautious about the inflationary environment, our margin guidance remains unchanged, with full year underlying operating margin expected to be over 6%, exiting the year at around 7%.

Our disciplined capital allocation framework supports growth whilst ensuring a robust balance sheet, rewarding shareholders through dividends and additional shareholder returns. This is demonstrated through the 9.4 pence per share interim dividend and the share buyback programme announced today with up to GBP500m during this calendar year.

Looking further ahead, we remain excited about the significant structural growth opportunities globally, leading to the potential for revenue and profit growth above historical rates, returning margin to pre-pandemic levels and rewarding shareholders with further returns.
Posted at 19/5/2022 13:18 by ram376s
CPG Pop up .300 nurses to train for GDR new game changer test.Multibagger possible .ANticipated news .
Compass share price data is direct from the London Stock Exchange

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