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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| The Simplybiz Group Plc | SBIZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 195.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 195.00 | 195.00 |
| Top Posts |
|---|
Posted at 10/3/2021 10:25 by rik shaw The SimplyBiz Group Becomes Fintel plcNew name and new EPIC: FNTL |
Posted at 26/1/2021 09:11 by davebowler Zeus;Marginally ahead of July guidance What’s new: SimplyBiz’s trading update gives clear guidance for their full year results due on 16 March: § £61m revenue (3% below 2019 revenue: £63m); § 28.3% adjusted EBITDA margin (same as 2019: 28.3%), which implies £17.4m adjusted EBITDA (i.e. 2% lower than 2019 adj EBITDA of £17.8m); § Robust cash flow conversion (calculated as adjusted EBITDA, less working capital movements, lease payments, CAPEX, development expenditure, corporation tax paid and interest, as a percentage of Adjusted EBITDA) is expected to exceed 65% (2019: 46%); § Net debt reduced to £19.5m (31 December 2019: £27.0m) and net debt to adjusted EBITDA ratio of 1.1x (2019: 1.5x). Guidance: The Board raised its confidence in adj EPS to “marginally above 11.0p” (from “no less than 11.0p”) and guides to final DPS of no less than 2p per share. Outlook: Matt Timmins, Joint CEO, observed the “resilient trading performance in a challenging year, demonstrate[es] the robust nature of our core revenues and an ongoing improvement in the quality of [core] underlying earnings, offsetting an expected reduction of valuation income in the period. “Throughout 2020 we have … accelerate[d] our digital strategy, grown our core customer base, and delivered … new services which will further improve quality of earnings, margins and cash generation.” Zeus view: We nudge up: our 2020 forecast revenue 2.9% to £61.0m; our EBITDA up 2.4% to £17.3m; our adj PBT and adj PAT up 1.8%. Consequently, we raise our adj EPS forecast by 1.8% to 11.2p (July guidance was “no less than 11.0p”). Cashflow is stronger than we expected: net debt of £19.5m is £2.3m lower than our £21.8m forecast. We reduce our December 2021 net debt forecast by £2.2m to £13.0m. We estimate cashflow after capex of c. £8.5m (i.e. 8.8p free cashflow per share); implying free cashflow to adj EPS ratio of 79%. We will review our 2021 forecasts and set out our 2022 expectations, when management discloses 2020 core revenues and EBITDA, on 16 March. Valuation: At 181p, SBIZ is trading on prospective PER of under 15x, which arguably does not reflect the quality and growth of its core digital businesses which generate 80% of Group revenues and over 90% of Group EBITDA. In our opinion, as set out in “Digital Transformation” |
Posted at 15/1/2021 09:28 by masurenguy "Wrong thread" Then why post here ! This is the SBIZ thread."Were you in RIFT ?" No. NB: Major shareholders updated in the header. |
Posted at 11/12/2020 11:04 by its the oxman Hard to know what's going on with Brexit looming large again , but sbiz seems to be doing pretty well so happy to sit tight. |
Posted at 09/12/2020 08:01 by masurenguy Trading UpdateThe Board reaffirms, and is confident, that its adjusted EPS will be no less than 11.0p The Board is confident that Defaqto will deliver double-digit EBITDA growth in 2020 The Board announces its intention to propose a final dividend for FY20 of 2.0p per share |
Posted at 15/9/2020 07:49 by masurenguy Solid Progress in H1.Resilient Performance - Digital Acceleration SimplyBiz (AIM: SBIZ), announces its unaudited results for the six months ended 30 June 2020. Financial highlights: -- Revenue of £28.9m (H1 2019: £29.1m) -- Operating profit of £5.0m (H1 2019: £3.2m) -- Adjusted EBITDA*(1) of £7.4m (H1 2019: £8.0m) -- Adjusted EBITDA*(1) margin of 25.5% (H1 2019: 27.5%) -- Adjusted EPS *(2) of 4.22p (H1 2019: 5.57p) -- Free cash flow conversion*(3) of 65% (H1 2019: 43%) -- 30 June 2020 net debt of £25.8m (30 June 2019: £30.1m) -- Full year guidance maintained - adjusted EPS no less than 11.0p (PY: 13.0p) Operational highlights: -- Digital strategy accelerated -- Scale and growth in intermediary services -- Decisive cost control and efficiency improvements -- Strong performance and contribution from Defaqto -- Mortgage completions of £7.4bn -- Awarded Service Company of the Year Operational Update The company took strong and positive action within the first week of national lockdown to successfully ensure it could fully support its customers and colleagues. All services to intermediary customers were moved onto a proprietary digital platform and delivered without disruption. Decisive cost control and efficiency improvements were made which will deliver sustained margin benefits in the future. Fintech & Research remained resilient and robust over the period with continued product developments to support our future growth. The Company's mortgage valuation business and events programme were significantly impacted by the lockdown, though volumes moderately increased in June. Management expects a continued slow recovery in the housing market during the second half of the year. Mortgage completions were consistent with prior year, further demonstrating the resilience of our customer base and services. Management quickly and successfully moved to agile working, bringing forward and enhancing developments to the digital platform, enhancing the delivery of services. Matt Timmins, Joint CEO of The SimplyBiz Group plc, commented:"We are delighted to report strong and resilient trading for H1 2020, demonstrating the robust nature of our business. We benefitted from an improving quality of our underlying earnings, under-pinned by six full months trading from Defaqto which helped offset a significant reduction in valuation income during the period. The quality of our revenues, the resilience of our customers, and the benefits of a stronger digital delivery platform have enabled strong trading during challenging times. We have responded quickly and decisively to deliver growth in key strategic areas, whilst improving the quality of our underlying earnings. We have accelerated our digital strategy. This data led, digital delivery, will further improve our quality of earnings, margins and cash generation going forward, whilst also improving customer service." |
Posted at 23/7/2020 09:08 by davebowler Zeus-Recurring revenues show quality What’s new: SimplyBiz’s 1H trading update confirms that recurring revenues from Defaqto and Intermediary Services have limited the impact of lockdown on revenue and EBITDA. Full year guidance: adj EPS of no less than 11p. Key points: § 1H20 revenues of £28.9m (0.7% lower than 1H19: £29.1m), with Defaqto acquisition in March 2019 offsetting a significant reduction in valuation revenue caused by lockdown restrictions. § 25.5% EBITDA margin benefited from cost management (1H19: 27.2%). § Cash flow conversion expected to exceed 65% (1H19: 40%). § Net debt at 30 June 2020 of £25.8m; Group well within banking covenants. § Board expects 2020 adjusted EPS shall be no less than 11p (FY19: 13p). § Intermediary Services division continues to deliver all its services to customers without disruption … and continues to recruit new member firms. § Distribution Channels division has been significantly impacted by the lockdown restrictions in the second quarter, with the volume of valuations and surveys moderately increasing in June. § Interims are scheduled for publication on 15 September. Outlook: Matt Timmins, Joint CEO, said the “lockdown period has allowed us to accelerate our clear digital strategy which will further improve our quality of earnings, margin and cash generation going forward.” Zeus view: SimplyBiz’s resilient business model and its acquisition of Defaqto in March 2019 have enabled the group to report interim revenues down only 1% YoY and a respectable EBITDA of £7.4m (down 6% from 1H19: £7.9m). We set out new forecasts, consistent with management guidance, on pages 2 and 3, along with our assessment of the revenue streams and divisional EBITDA margins. We expect Intermediary Services and Defaqto will together contribute 73% of both 2020 and 2021 EBITDA. Group earnings quality has improved. Valuation: At 150p SBIZ is trading on 13.6x our new 2020 forecast adj EPS of 11.0p, which including share based payments. We expect SimplyBiz to provide investors with higher than market earnings growth and have defensive qualities. With prospects of double digit earnings growth over the next few years (driven by Defaqto and Intermediary Services), a valuation of 16x Zeus forecasts 2021 adj EPS of 12.2p (i.e. 195p) is, in our opinion, credible. |
Posted at 10/3/2020 15:39 by davebowler Zeus;Results show quality growth What’s new: SimplyBiz’s full year results, reveal: § 12.5% growth in Intermediary Services revenue (ex discontinued) to £24.2m (Zeus forecast £24.0m) and £5.6m to Group adj EBITDA (i.e. 23% margin); § 2.2% fall in Distribution Channels revenue to £26.8m (Zeus forecast: £26.4m) and contributing £6.5m to Group adj EBITDA (i.e. 24% EBITDA margin); § Acquisition of Defaqto delivered £11.8m of revenues and contributing £4.9m to Group adj EBITDA (i.e. 41% EBITDA margin); On 28 January 2020, SimplyBiz’s trading update noted: § 24% rise in Group revenues (2019: £62.8m; 2018: £50.7m); § 49% rise in adj EBITDA (2019: £17.0m; 2018: £11.2m inc R&D amortisation); § Strong adjusted EBITDA margin of 27% (2018: 22%); § Group net debt at end 2019 was £27.0m (30 June 2019: £30.1m). Outlook: Matt Timmins, Joint CEO, said “The Board is confident and optimistic about 2020 …[and is] guiding to marginally lower growth in revenues and EBITDA, particularly in employee benefits and valuations, with operational gearing flowing through to earnings … both headline and underlying growth to remain strong.” Zeus view: SimplyBiz’s Intermediary Services division and Defaqto (9 months since acquisition), which both enjoy very high levels of recurring revenues, have delivered on our expectations. We maintain our revenue and EBITDA forecasts for these two divisions. 2020 will benefit from a full year contribution from Defaqto. The Distribution Channels division has experienced good growth in Mortgage Origination but experienced a fall in activity in Valuations and lower than forecast growth in Marketing Services. We have trimmed our revenue and EBITDA forecasts and included share based payments in adj EPS forecasts. We cut our forecast revenue 3%, adj PBT 8% and adj EPS 12% (see exhibit 1). Our DPS forecasts are based on 3x dividend cover. Valuation: At 175p SBIZ is trading on 12.7x our new forecast adj EPS in share based payments for 2020 of 13.8p. We expect SimplyBiz to provide investors with higher than market earnings growth and have defensive qualities. With prospects of 12% pa earnings growth over the next 2 years, a valuation of 16x Zeus forecasts 2020 adj EPS of 13.8p (i.e. 220p) is, in our opinion, credible. |
Posted at 10/3/2020 07:19 by masurenguy Excellent results !SimplyBiz (AIM: SBIZ), announces its audited results for the twelve months ended 31 December 2019. Strong growth in revenue, adjusted EBITDA and adjusted earnings per share Financial highlights: -- Group Revenue up 24% to £62.8m (FY18: £50.7m) -- Operating profit increased by £5.2m to £12.0m -- Adjusted EBITDA*(1) up 49% to £17.0m (FY18: £11.4m) -- Adjusted EBITDA*(1) margin increased to 27.1% from 22.5% -- Adjusted earnings per share (EPS) *(1) increased by 15% to 13.4p -- Net debt £27.0m at 31 December 2019, comfortable to adjusted EBITDA ratio of less than 1.6 times. -- Final dividend proposed of 2.85p per share, resulting in a full year dividend of 4.26p per share. Operational highlights: -- Successful strategic acquisition of Defaqto -- Strong progress on software development and deployment -- Strong growth in value per intermediary customer -- Strong increase in mortgage completions -- Strong cost control maintaining strong operating margin Matt Timmins, Joint Chief Executive Officer of The SimplyBiz Group, commented: "We are delighted to have successfully completed the strategic acquisition and rapid integration of Defaqto and welcome these new colleagues into the SimplyBiz Group. This acquisition instantly expands the Group's customer base by over 50% and materially extended our software and service platform across all key sectors. The acquisition enhances the Group ' s strong and sustainable profit margins. The Board is confident and optimistic about 2020. We are guiding to marginally lower growth in revenues and EBITDA, particularly in employee benefits and valuations, with operational gearing flowing through to earnings. We expect both headline and underlying growth to remain strong." |
Posted at 02/3/2020 16:00 by masurenguy SBIZ has fallen 20% over the last 6 trading sessions on roughly average daily trading volumes. This is not a stock that should be particularly vulnerable to any CV disruption so there could be some potential value available here when the price finally bottoms out. |
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