Sage (SGE) Share Price

Stock Name	Stock Symbol	Market	Stock Type
Sage Group Plc	SGE	London	Ordinary Share

	Price Change	Price Change %	Stock Price	Last Trade
	-0.60	-0.07%	856.80	16:35:28

Open Price	Low Price	High Price	Close Price	Previous Close
863.00	853.40	864.00	856.80	857.40

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Industry Sector
SOFTWARE & COMPUTER SERVICES

Sage SGE Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
13/05/2022	Interim	GBX	6.3	31/03/2021	31/03/2022	26/05/2022	27/05/2022	17/06/2022	0
17/11/2021	Final	GBX	11.63	30/09/2020	30/09/2021	13/01/2022	14/01/2022	10/02/2022	17.68
14/05/2021	Interim	GBX	6.05	01/10/2020	31/03/2021	27/05/2021	28/05/2021	18/06/2021	0
20/11/2020	Final	GBX	11.32	30/09/2019	30/09/2020	14/01/2021	15/01/2021	11/02/2021	17.25
13/05/2020	Interim	GBX	5.93	01/10/2019	31/03/2020	21/05/2020	22/05/2020	12/06/2020	0
20/11/2019	Final	GBX	11.12	30/09/2018	30/09/2019	06/02/2020	07/02/2020	02/03/2020	16.91
17/05/2019	Interim	GBX	5.79	01/10/2018	31/03/2019	30/05/2019	31/05/2019	14/06/2019	0
21/11/2018	Final	GBX	10.85	30/09/2017	30/09/2018	07/02/2019	08/02/2019	01/03/2019	16.5
02/05/2018	Interim	GBX	5.65	01/10/2017	31/03/2018	10/05/2018	11/05/2018	01/06/2018	0
22/11/2017	Final	GBX	10.2	30/09/2016	30/09/2017	08/02/2018	09/02/2018	02/03/2018	15.42
03/05/2017	Interim	GBX	5.22	01/10/2016	31/03/2017	11/05/2017	12/05/2017	02/06/2017	0
30/11/2016	Final	GBX	9.35	30/09/2015	30/09/2016	09/02/2017	10/02/2017	03/03/2017	14.15
05/05/2016	Interim	GBX	4.8	01/10/2015	31/03/2016	12/05/2016	13/05/2016	03/06/2016	0
02/12/2015	Final	GBX	8.65	30/09/2014	30/09/2015	11/02/2016	12/02/2016	04/03/2016	13.15
06/05/2015	Interim	GBX	4.5	01/10/2014	31/03/2015	14/05/2015	15/05/2015	06/06/2015	0
03/12/2014	Final	GBX	8	30/09/2013	30/09/2014	12/02/2015	13/02/2015	06/03/2015	12.12
08/05/2014	Interim	GBX	4.12	01/10/2013	31/03/2014	14/05/2014	16/05/2014	06/06/2014	0
04/12/2013	Final	GBX	7.44	30/09/2012	30/09/2013	12/02/2014	14/02/2014	10/03/2014	11.13
08/05/2013	Interim	GBX	3.69	01/10/2012	31/03/2013	15/05/2013	17/05/2013	07/06/2013	0
05/12/2012	Final	GBX	6.67	30/09/2011	30/09/2012	13/02/2013	15/02/2013	08/03/2013	10.15
09/05/2012	Interim	GBX	3.48	01/10/2011	31/03/2012	16/05/2012	18/05/2012	08/06/2012	0
30/11/2011	Final	GBX	7.07	30/09/2010	30/09/2011	08/02/2012	10/02/2012	02/03/2012	9.75
04/05/2011	Interim	GBX	2.68	01/10/2010	31/03/2011	11/05/2011	13/05/2011	10/06/2011	0
01/12/2010	Final	GBX	5.22	30/09/2009	30/09/2010	09/02/2011	11/02/2011	11/03/2011	7.8
05/05/2010	Interim	GBX	2.58	01/10/2009	31/03/2010	12/05/2010	14/05/2010	18/06/2010	0
02/12/2009	Final	GBX	4.93	30/09/2008	30/09/2009	03/02/2010	05/02/2010	05/03/2010	7.43
06/05/2009	Interim	GBX	2.5	01/10/2008	31/03/2009	13/05/2009	15/05/2009	19/06/2009	0
03/12/2008	Final	GBX	4.78	30/09/2007	30/09/2008	04/02/2009	06/02/2009	06/03/2009	7.21
08/05/2008	Interim	GBX	2.43	01/10/2007	31/03/2008	14/05/2008	16/05/2008	20/06/2008	0
28/11/2007	Final	GBX	5.73	30/09/2006	30/09/2007	06/02/2008	08/02/2008	03/07/2008	7
08/05/2007	Interim	GBX	1.27	01/10/2006	31/03/2007	16/05/2007	18/05/2007	15/06/2007	0
29/11/2006	Final	GBX	2.51	30/09/2005	30/09/2006	07/02/2007	09/02/2007	09/03/2007	3.59
30/11/2005	Final	GBX	2.51	30/09/2005	30/09/2006	08/02/2006	10/02/2006	08/03/2006	3.59
09/05/2006	Interim	GBX	1.08	01/10/2005	31/03/2006	17/05/2006	19/05/2006	16/06/2006	0
01/12/2004	Final	GBX	1.72	30/09/2003	30/09/2004	09/02/2005	11/02/2005	11/03/2005	2.33
11/05/2004	Interim	GBX	0.61	01/10/2003	31/03/2004	19/05/2004	21/05/2004	18/06/2004	0
02/12/2003	Final	GBX	1.1	30/09/2002	30/09/2003	11/02/2004	13/02/2004	12/03/2004	1.1
07/05/2003	Interim	GBX	0.56	01/10/2002	31/03/2003	14/05/2003	16/05/2003	13/06/2003	0
03/12/2002	Final	GBX	1.34	30/09/2001	30/09/2002	19/02/2003	21/02/2003	14/03/2003	1.5
30/04/2002	Interim	GBX	0.16	01/10/2001	31/03/2002	15/05/2002	17/05/2002	17/06/2002	0
05/12/2001	Final	GBX	0.28	30/09/2000	30/09/2001	06/02/2002	08/02/2002	08/03/2002	0.43
09/05/2001	Interim	GBX	0.14	01/10/2000	31/03/2001	16/05/2001	18/05/2001	19/06/2001	0
06/12/2000	Final	GBX	0.26	30/09/1999	30/09/2000	07/02/2001	09/02/2001	07/03/2001	0.39
09/05/2000	Interim	GBX	0.13	01/10/1999	31/03/2000	15/05/2000	19/05/2000	19/06/2000	0
08/12/1999	Final	GBX	0.23	30/09/1998	30/09/1999	31/01/2000	04/02/2000	01/03/2000	0.35
09/12/1998	Final	GBX	0.21	30/09/1997	30/09/1998	01/02/1999	05/02/1999	01/03/1999	0.32

Top Dividend Posts

Top Posts
Posted at 19/5/2023 14:37 by maddox Hi Justiceforthemany, All good points - but Sage has a highly resilient business model that can support the debt which is only 1.3x EBITDA and has respectable Piotroski F-Score of 6 and Altman Z2-Score of 4.5. So, pretty typical and not of much concern. Accounting software isn't a discretionary purchase for most businesses. Once, you've purchased it - got all your figures into it - you're unlikely to switch. Closure, bankruptcy and liquidation is the greater risk for losing a customer - and little sign of this in the last SGE results: Renewal by value at 101% and £190m of the £222m increase in ARR came from new customers. Talking of trends - as I post, we're breaking to new highs, and hopefully breaking out from the sideways tunnelling. Regards Maddox Read Full Thread Follow Reply
Posted at 18/5/2023 20:35 by maddox Opps, sorry Amigos posted this on the wrong thread - reposting for continuity. Very strong 1H23 results today (17 May 23) as the underlying Business Cloud growth breaks through to dictate the top-line results. Highlights: >> +12% Organic Annualised Recurring Revenue (ARR); >> Operating margin increasing by 60 basis points to 20.8%; >> Cash conversion 117%; and >> 101% Renewal by value. The star of the show is Sage Intacct which is growing at 30% in the highly competitive US market - and now rolling-out in other geographies. This product is clearly winning new customer acquisition. The widening Op Margin is really good news - and this is expected to continues as SGE focus on growing revenue faster than costs. This will magnify the growth at the bottom-line profit/ eps level translated from the the top-line growth. No sign of macro economic or competitive factors impacting progress with 101% renewal by value - with some sub-inflation price increases included. The overall goal for SGE is to deliver 'consistent double-digit growth' with a target of 11% for full FY23. Read Full Thread Follow Reply
Posted at 18/5/2023 00:07 by maddox Hi justiceforthemany, Nop not cheap. If your looking for cheap - SGE is never 'cheap'. However, that doesn't make SGE a bad investment - if growth accelerates and its margins widen, as appears to be occurring, then it might be very good value at 842.8p (up 21.8p 2.66% today from 821p). My assessment is that SGE's painful transition is largely complete and they'll deliver the promised sustained double digit growth, that with widening margins, will propel the earnings per share forward and will throw off cash. If this occurs 842p will look cheap looking back and deserving of its premium rating. Looking forward to see how the next few results go - that should confirm the growth trajectory or not. Read Full Thread Follow Reply
Posted at 17/5/2023 09:25 by maddox Very strong 1H23 results today as the underlying Business Cloud growth breaks through to dictate the top-line results. Highlights: >> +12% Organic Annualised Recurring Revenue (ARR); >> Operating margin increasing by 60 basis points to 20.8%; >> Cash conversion 117%; and >> 101% Renewal by value. The star of the show is Sage Intacct which is growing at 30% in the highly competitive US market - and now rolling-out in other geographies. This product is clearly winning new customer acquisition. The widening Op Margin is really good news - and this is expected to continues as SGE focus on growing revenue faster than costs. This will magnify the growth at the bottom-line profit/ eps level translated from the the top-line growth. No sign of macro economic or competitive factors impacting progress with 101% renewal by value - with some sub-inflation price increases included. The overall goal for SGE is to deliver 'consistent double-digit growth' with a target of 11% for full FY23. Read Full Thread Follow Reply
Posted at 21/4/2023 14:59 by maddox I'm a big fan of Terry Smith - he's an exceptionally smart investor. He took advantage of SGE's share buy-back programme to exit his position - which was a bit of an invitation to sell - considering they already had SGE under review. Nevertheless, he appears to have sold at prices below 650p (RNS 17Jan21 share price c.560p below 5% - May 2021) so at a pretty low point. At the time he did say that he felt INTU was the better firm in the sector. Perhaps he'll have another look at the new-look SGE before he has to overpay? (Don't overpay is his second rule for investment) Read Full Thread Follow Reply
Posted at 19/4/2023 07:48 by maddox Much talk about the valuation anomaly between US and UK. Looking at a side-by-side of SGE 797p versus Intuit Inc (Quick Books) $442.59. In the UK SGE is considered highly valued on a p/e of 25 whereas Intuit is on an eye-watering p/e 64. Similarly, SGE is priced at 4.15x revenue versus 9x for Intuit. If SGE was valued on INTU's p/e the share price would be 2040p or 1800p on INTU's revenue multiple. I note that Terry Smith's Fundsmith has sold-out of INTU - he disapproves of their accounting treatment of Share-based remuneration and thinks that they have overpaid for Mailchimp. Intuit paid 12x revenue! So, UK 'highly valued' firms look extremely cheap from a US perspective. Read Full Thread Follow Reply
Posted at 14/4/2023 13:38 by maddox Hi Wad, We'll have SGE 1H23 results on the 17 May - what are your thoughts - do you remain sceptical? Seeing the Sage brand and advertising far more prominently these days - it'll be interesting to see how the new customer acquisition is performing. Read Full Thread Follow Reply
Posted at 19/1/2023 16:47 by maddox Yes the 1Q23 Trading Update is worth listening to - the update text is backward looking whereas the verbal commentary and questions are always with a view to the future. The answers to the Analyst questions in particular often adds some significant colour. Against the current dismal economic background SGE is looking strong for 2023. They are not seeing any macro-economic impact on their business: >> Expect organic growth to accelerate on 2022; >> Margins will also grow in 2023 and onwards; >> The 4-5% price increases in 2022 were well accepted and expect further 4-5% price increases in 2023; and >> Feeling very comfortable with the market consensus expectations. High points - Sage Intacct growing at 30%+ in the US. It has been enthusiastically received by the SGE Partner Network in UK and is now being rolled-out in Europe. Hopeful that Europe will overtime reach the growth rate being achieved in the US. This driver together with the fact that 40% of revenue is coming from the North America and the product set is essentially mission critical/non-discretionary spend for their customers underpins their 2023 guidance. Regards Maddox Post script: Market reaction to the good news SGE down 22.6p (2.9%) to 753.2p at close. Read Full Thread Follow Reply
Posted at 31/12/2022 23:58 by richard3rd Up to about 5 years ago the share price was making good progress, more than doubled between 2012 and 2017, but since then its only increased by about 16% despite acquisitions and reported increases in recurring revenue. There have been moans in other online publications and forums about heavy handed sales methods and I noticed Friday that the same story has now made it to the FT (Google "ft.com sage" - article is titled "Sage accused of 'strong arm' tactics over move to software subscriptions). Comments from some in response to the FT article Friday are now advocating class action against Sage for switching off old product that customers claim they were still licensed to use. What do people think of SGE now for short to medium term gain? Too high risk or serious upside potential if their sales methods pay off? Is the lack of gain in the past 5 years stored potential waiting to break out or are there bigger problems holding it back? Read Full Thread Follow Reply
Posted at 13/12/2022 15:59 by maddox Found some time to review my stance on SGE with another look at the Full Year Results to 30 Sept 2022 (FY22). At the statutory level all pretty mundane: Statutory Figs: Revenue: +5% Op Profit: -2% EPS: -3% Dividend: +4% However, look through these unremarkable figures and the underlying picture is very exciting: >> Annualised Recurring Revenue (ARR) grew 12% driven by new customer acquisition. >> Renewal by value achieved 101% - indicating that they are retaining the customers they are winning. >> Sage Business Cloud (now 70% of recurring revenue) grew ARR by +24%, and within this: >>> The star of the show is Sage Intacct, with US growth of +31%, that has taken North America to be SGE's largest and fastest growing territory(+12%). >>> As Intacct is now being rolled-out in UK, Australia, and being launched into Europe this bodes well for future growth. So, the fast growing Cloud Based SaaS business is being masked by the continuing run-down of the legacy business. But the legacy business is shrinking fast and the underlying growth is looking impressive; at some point the mask will slip. Regards Maddox Read Full Thread Follow Reply

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