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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pensionbee Group Plc | PBEE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 9.00 | 6.98% | 138.00 | 16:35:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 130.00 | 130.00 | 140.00 | 138.00 | 129.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 25/1/2024 13:32 by edmonda "Growth still strong, adjusted EBITDA turns positive in Q4" - new report from Equity Development: In March 22, our initiation note was titled A pensions fintech starting to look like a Rocketship. Since then, market, investor and consumer confidence have been rocked by geopolitical events and deteriorating economic conditions. But despite that, PensionBee has delivered. What’s more, it has moved into profitability on an adjusted EBITDA basis within the timeframe targeted at its Apr 21 IPO. Over FY23 (to 31 Dec 23), 46k net new invested customers (ICs) were added (ICs + 25% to 229k), £1.3bn of AUA were added (AUA +44% to £4.4bn, net inflows +£857m, market movements +£464m), and revenue grew 35% to £23.8m. It was a continuation of an already-impressive growth story. As scale benefits continue, adj. EBITDA improved from -£19.5m in FY22 to -£8.4m in FY23 and was positive in Q4 (>£0.5m). The business maintains a healthy cash position of £12.2m and does not envisage further equity raises. Our fundamental valuation remains 150p per share. |
Posted at 31/10/2023 16:36 by hedgehog11 The company looks on track for EBITDA profit by the end of the year (albeit looks like they reduced marketing to ensure they achieve it). Cash burn looks like it will not be an issue and should have plenty left in the bank assuming profitability through 2024, growth still looks strong and they have a lot of money under their control from which they make a lot of revenue and would be of high value to a buyer. Is there anything holding investors back here because the current price doesn't look to expensive for a company with their growth rate? |
Posted at 31/8/2023 10:07 by kemche "Investor interest in PBEE shares has continued to ramp up"Okaaaaaay! |
Posted at 31/8/2023 07:41 by edmonda "Profitability in sight with investor interest building"Interims to 30th June 2023 show invested customers reaching 211k, with 28k added over H1-23 (+15%) and 52k y-o-y (+33%). Assets Under Administration was up £678m over H1 (+22% over 6m, +38% y-o-y), reaching £3.7bn, with £469m added from net client inflows and £210m from investment performance. Encouragingly, increasing brand awareness and sophisticated data-driven marketing has resulted in ‘cumulative cost per invested customer’ continuing to decline (H1-22: £260; H1-23: £247). This has, in turn, resulted in strong growth continuing but with lower marketing spend (£12m spend in H1-22 v £7m in H1-23 whilst gross inflows were up 6%). Revenue grew 32% to £10.9m (H1-22: £8.3m) with adjusted EBITDA trajectory (H1-22: -£14.9m; H1-23: -£7.9m) continuing on track to be positive in FY24, a target set at the 2021 IPO. Operational leverage continues with invested customers per staff member increasing from 919 in H1-22 to 1,026 in H1-23. Net cash remains solid at £14m with no new cash raising envisaged. Investor interest in PBEE shares has continued to ramp up (see front page graph), and our fundamental valuation remains 150p per share. Link to research report: |
Posted at 16/3/2023 11:09 by edmonda Growth and delivery driving strong investor interest (new note from Equity Development)Research report & audio summary: In FY22 (to 31 Dec 22) PensionBee continued to rapidly grow, despite market falls, and gain market share (page 2) in the structurally growing £700bn target market of transferable DC pensions (page 12). Invested customers grew 56% to 183k, AUA 17% to £3.03bn (net inflows +£863m, market movements -£424m), and revenue 38% to £17.7m. Adjusted EBITDA started to ‘turn the corner’ towards profitability and is forecast to turn positive on a monthly basis by the end of 2023. The net cash position is robust at £21m with no new cash raising envisaged. We also flag the encouraging jump in investor interest in PBEE shares - especially after its Jan 23 trading update which showed the path to profitability was on track - with the recent price rise accompanied by strong volumes. On top of its fundamentals, PensionBee’s inclusion in the FTSE All-Share and FTSE SmallCap indices from 20 Mar 23 should be another positive for the share price. PensionBee’s customer acquisition growth path compared to incumbents indicates it is rapidly gaining market share. In H2 of 2022, it added 24k net new invested customers (H2-22 annualised growth rate of 30%): • This was more than double the total number of net new D2C platform clients (pension and other clients) added by AJ Bell (10k, which translated to an H2-22 annualised growth rate of 7%). • And it was only a little less than the total number of net new clients (pension and other clients) added by the UK’s largest D2C investment platform, Hargreaves Lansdown (HL), which added 31k (an H2-22 annualised growth rate of 4%), and much higher than HL’s new pension accounts (13k net new SIPP accounts and 16k ISA and other accounts). Our forecasts remain unchanged, as does our fundamental value of 150p per share. |
Posted at 20/2/2023 13:15 by edmonda Save the Date - 17th March (11am) FY Results - investor presentation with Q&ASign up to register here: PensionBee Group plc, a leading online pension provider, will be conducting an investor presentation covering the company's Full Year results for the period to 31st December 2022. The online presentation will be hosted by Romi Savova, founder & CEO, and Christoph Martin, CFO. This event will take place at 11.00am on Friday 17th March. The webinar is open to all existing and potential shareholders. Questions can be submitted during the presentation to be addressed at the end. |
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