Financials FRP Advisory Group plc

Equities

Market Closed - London S.E. Other stock markets 11:35:06 2024-05-15 am EDT			5-day change	1st Jan Change
128 ^GBX	+0.39%		+4.92%	-6.23%

May. 13	FRP acquires risk management firm in deal worth over GBP7 million	AN
May. 13	FRP Advisory Group Buys Commercial Finance Company Hilton-Baird Group	MT

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	275.5	263.9	285	247.3	295	-	-
Enterprise Value (EV) ¹	254.2	247.5	266.9	224.4	280.1	272.2	264.1
P/E ratio	133 x	21 x	25.9 x	20.4 x	16.2 x	14.5 x	13.3 x
Yield	0.57%	3.43%	3.39%	4.24%	3.89%	4.06%	4.35%
Capitalization / Revenue	4.36 x	3.34 x	3 x	2.38 x	2.4 x	2.28 x	2.18 x
EV / Revenue	4.02 x	3.13 x	2.81 x	2.16 x	2.28 x	2.11 x	1.95 x
EV / EBITDA	13.7 x	10.8 x	10.4 x	8.31 x	8.75 x	8.12 x	7.65 x
EV / FCF	-	25.6 x	20.7 x	21.4 x	31.6 x	13.1 x	12 x
FCF Yield	-	3.9%	4.82%	4.68%	3.16%	7.65%	8.3%
Price to Book	-	9.05 x	6.3 x	3.92 x	4.33 x	3.87 x	3.32 x
Nbr of stocks (in thousands)	237,501	220,809	224,441	227,954	231,400	-	-
Reference price ²	1.160	1.195	1.270	1.085	1.275	1.275	1.275
Announcement Date	8/27/20	7/27/21	7/22/22	7/26/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	54.31	63.19	78.99	95.16	104	123	129.2	135.6
EBITDA ¹	-	18.5	23	25.7	27	31.99	33.5	34.51
EBIT ¹	-	5.05	16.84	15.61	16	28.65	30.52	31.85
Operating Margin	-	7.99%	21.31%	16.41%	15.38%	23.29%	23.62%	23.48%
Earnings before Tax (EBT) ¹	-	2.906	16.6	15.12	15.6	25.83	28.67	33
Net income ¹	-0.606	2.077	13.61	11.91	12.7	19.37	21.5	24
Net margin	-1.12%	3.29%	17.23%	12.52%	12.21%	15.74%	16.64%	17.7%
EPS ²	-	0.008700	0.0569	0.0490	0.0533	0.0787	0.0880	0.0960
Free Cash Flow ¹	-	-	9.654	12.88	10.5	8.856	20.82	21.93
FCF margin	-	-	12.22%	13.53%	10.1%	7.2%	16.11%	16.17%
FCF Conversion (EBITDA)	-	-	41.97%	50.1%	38.89%	27.68%	62.13%	63.55%
FCF Conversion (Net income)	-	-	70.93%	108.1%	82.68%	45.73%	96.82%	91.36%
Dividend per Share ²	-	0.006600	0.0410	0.0430	0.0460	0.0496	0.0517	0.0554
Announcement Date	3/2/20	8/27/20	7/27/21	7/22/22	7/26/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	21.3	16.4	18.1	22.9	15	22.8	30.9
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	9.65	12.9	10.5	8.86	20.8	21.9
ROE (net income / shareholders' equity)	-	21.1%	-	30.4%	23.6%	30%	26.7%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	0.1300	0.2000	0.2800	0.2900	0.3300	0.3800
Cash Flow per Share ²	-	-	0.0500	0.0600	0.0500	0.0600	0.1000	0.0900
Capex ¹	-	0.71	1.11	1.4	0.6	1.4	1.48	1.4
Capex / Sales	-	1.12%	1.41%	1.47%	0.58%	1.14%	1.14%	1.03%
Announcement Date	3/2/20	8/27/20	7/27/21	7/22/22	7/26/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.275 GBP

Average target price

1.778 GBP

Spread / Average Target

+39.48%

	1st Jan change	Capi.
FRP ADVISORY GROUP PLC	-6.48%	371M
FTI CONSULTING, INC.	+10.90%	7.75B
BAYCURRENT CONSULTING, INC.	-34.94%	3.23B
NIHON M&A CENTER HOLDINGS INC.	-2.28%	1.57B
SHANGHAI RESEARCH INSTITUTE OF BUILDING SCIENCES GROUP CO., LTD.	-9.84%	1.08B
ANHUI TRANSPORT CONSULTING & DESIGN INSTITUTE CO.,LTD.	+23.26%	851M
FUNAI SOKEN HOLDINGS INCORPORATED	-10.65%	707M
THE HACKETT GROUP, INC.	-4.92%	598M
DARK HORSE TECHNOLOGY GROUP CO., LTD.	-13.76%	573M
STRIKE COMPANY,LIMITED	-13.07%	525M