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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sage Group Plc | SGE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -6.00 | -0.47% | 1,279.00 | 09:08:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,277.00 | 1,271.50 | 1,281.50 | 1,285.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/11/2024 | Final | GBP | 0.135 | 09/01/2025 | 10/01/2025 | 11/02/2025 |
| 05/12/2023 | Interim | GBP | 0.0695 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
| 22/11/2023 | Final | GBP | 0.1275 | 11/01/2024 | 12/01/2024 | 09/02/2024 |
| 17/05/2023 | Interim | GBP | 0.0655 | 01/06/2023 | 02/06/2023 | 23/06/2023 |
| 16/11/2022 | Final | GBP | 0.121 | 12/01/2023 | 13/01/2023 | 10/02/2023 |
| 13/05/2022 | Interim | GBP | 0.063 | 26/05/2022 | 27/05/2022 | 17/06/2022 |
| 17/11/2021 | Final | GBP | 0.1163 | 13/01/2022 | 14/01/2022 | 10/02/2022 |
| 20/11/2020 | Final | GBP | 0.1132 | 14/01/2021 | 15/01/2021 | 11/02/2021 |
| 04/12/2019 | Interim | GBP | 0.0593 | 21/05/2020 | 22/05/2020 | 12/06/2020 |
| 20/11/2019 | Final | GBP | 0.1112 | 06/02/2020 | 07/02/2020 | 02/03/2020 |
| Interim | GBP | 0.1112 | 05/02/2020 | 07/02/2020 | 02/03/2020 |
| Top Posts |
|---|
Posted at 22/11/2024 18:07 by maddox Thought I’d have a look at the Brokers’ Analysts’ recommendations on Sage:Strong Buy........4 Buy...............5 Neutral...........8 Sell..............1 Strong Sell.......2 .................20 Source: Sharecast.com I note that Canaccord have responded to the sparkling results with a reiterated Sell Recommendation but have increased their share price target to 1090p up from 970p, and 615p previously (Jul24). The Brokers’ consensus target of 1248p is 3% below today’s close of 1289p. The Brokers, with only a couple of exceptions Jefferies, Citi, have been sceptical of SGE throughout its period of transition so it’ll be interesting to see whether this continues, or we see some break ranks and upgrade to Buys. |
Posted at 21/11/2024 23:15 by maddox Well, well, well that was a nice surprize - I wasn't expecting such a positive market reaction to Sage's excellent FY24 Results. The shares rose 19% closing at 1269.5p.Mr Market was clearly warming to SGE but then cooled on cautious remarks in the 1H24 Analyst Briefing. Nothing to take exception to in these results: >> Underlying revenue +9% statutory +7% >> Underlying Operating Profit +21% statutory +43% revealing the operational gearing. >> Underlying basic eps 37.9p +23% statutory 32.1p +55% >> EBITDA margin widened +1.6 ppts to 26.6% >> Underlying Cash conversion 123% >> Dividend lifted 6% y-o-y >> Free cashflow increased 30% to £524m >> Share buy-back up to £400m As the SaaS transformation is largely complete the Underlying and Statutory figures are aligning. It looks like the flywheel effect has firmly kicked following the previous investment in marketing now generating profitable growth and cash. The buy-back programme suggests that they have more than sufficient cash for investment in marketing and up to a £400m surplus. The buy-back also suggests that they're thankfully not looking for a large acquisition. |
Posted at 20/11/2024 11:31 by martinmc123 4*Sage Group posted another strong set of FY numbers this morning confirming more strong and efficient growth. Underlying total revenue increased by 9% to £2,332m, reflecting the strength of the Group’s subscription-based recurring revenue model. Underlying operating profit grew by 21% to £529m, driving a particularly strong margin increase of 220 basis points to 22.7%, with disciplined cost management supporting ongoing investment. EBITDA was up by 16% to £622m while statutory operating profit increased by 43% to £452m...from WealthOracle wealthoracle.co.uk/d |
Posted at 31/7/2024 08:25 by maddox SGE share price has recovered after the 6% dip yesterday, it fell to 997p before recovering and closing at 1071 (-1/4%).As expected the journalists had to attribute an explanation: 'Shares in Sage fell sharply on Tuesday after the enterprise software group reported a slight slowdown in top-line growth in its third quarter.' Josh White, Sharecast. However, we already had that information at 1H24 and there was clearly no further deterioration in sales growth - as the guidance was maintained, and as I posted above, there was plenty of positive indicators. So why the fall? We'll never know - but the simplest explanation is we had some profit taking and a lack of buyers to take the shares. If someone watching with Level 2 would like to give a view? [SGE is back to 1086p as I post] |
Posted at 30/7/2024 08:44 by maddox In-line trading update for 3Q24 and guidance reaffirmed – so the immediate 6% share price fall is odd. Perhaps a p/e of 27 is considered to high for the UK market – this ain’t the US where similar firms are on considerably higher valuations. Nevertheless, there is nothing negative in this update that I can see to justify Mr Markets reaction.Total Rev Growth of 9%, within this, Sage Cloud Native products grew at 23% - this is currently about 30% of total revenue. So, the underlying picture is positive with strong growth drivers – “We now have Best-in-Class products in all our regions”. The star Sage Intacct is performing very strongly in the UK and now launched in France and Germany. [Intacct has been the key growth driver in the US.] The low levels of digital adoption in Europe present SGE with a great opportunity. Looking forward, as Cloud Native becomes a larger proportion of total revenue, we should see the growth rate accelerate. Margins are set to widen, Sage have pushed up prices 5% but churn is “low and stable” and seeing no material change in the competitive environment. IMHO investment case is intacct ;-) |
Posted at 28/5/2024 22:58 by maddox The last results were pretty excellent, here are the highlights:>> Underlying total revenue increased by 10% to £1,152m >> Underlying operating profit increased by 18% to £254m >> Margin increasing by 160 basis points to 22.0% >> EBITDA increased by 14% to £299m >> Statutory operating profit increased by 38% to £215m >> Underlying basic EPS increased by 23% to 18.2p. >> Strong underlying cash conversion of 127% >> Robust balance sheet, £1.1bn of cash and liquidity, net debt 1.4x EBITDA >> Interim dividend up 6% to 6.95p, in line with our progressive policy. And yet we're 17.5% down on our recent 26 March 52 wk High. Unfortunately expectations were looking for an acceleration in growth and SGE fell just short. Whilst still top-lining its geographies North America has moderated somewhat - whilst other geographies aren't quite ready to pick up the slack. So, overall growth didn't accelerate and so the pundits weighed in with negative comments about 'competitive threats increasing' 'well-funded competitors' etc. IMHO this is a bump in the road - growth is starting to come through in other geographies - a bit early to move the dial yet but looks promising. Whilst the growth has moderated for the moment the margins will continue to improve - thus profitability and cash generation - so all told we're on course. And who knew - Sage has now emerged as the UK's AI powerhouse. This is clearly not PR fluff as Sage has fully developed products live and early adopter clients on-board. So, coming from behind our nag appears to now broken through and out in front of its competitors. |
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 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. |
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