Serviced Office (SVO)
market vs.
industry GROWTH & VALUE
| 12m Forecast Rolling | ||||
| PE Ratio (f) | 35.2 |
|
|
|
| PEG Ratio (f) |
|
|
||
| EPS Growth (f) | % |
|
|
|
| Dividend Yield (f) | % |
|
|
|
| Valuation (ttm) | ||||
| Price to Book Value | 1.68 |
|
|
|
| Price to Tang. Book |
|
|
||
| Price to Free Cashflow |
|
|
||
| Price to Sales |
|
|
||
| EV to EBITDA |
|
|
||
market vs.
industry QUALITY
| Year End 31st Dec | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013E | 2014E | CAGR / Avg | |
| Revenue | £m | |||||||||
| Operating Profit | £m | |||||||||
| Net Profit | £m | |||||||||
| EPS Reported | p | |||||||||
| EPS Normalised | p | |||||||||
| EPS Growth | % | |||||||||
| PE Ratio | x | |||||||||
| PEG | x | |||||||||
| Profitability | ||||||||||
| Operating Margin | % | |||||||||
| ROA | % | |||||||||
| ROCE | % | |||||||||
| ROE | % | |||||||||
| Cashflow | ||||||||||
| Op. Cashflow ps | p | |||||||||
| Capex ps | p | |||||||||
| Free Cashflow ps | p | |||||||||
| Dividends | ||||||||||
| Dividend ps | p | |||||||||
| Dividend Growth | % | |||||||||
| Dividend Yield | % | |||||||||
| Dividend Cover | x | |||||||||
| Balance Sheet | ||||||||||
| Cash etc | £m | |||||||||
| Working Capital | £m | |||||||||
| Net Fixed Assets | £m | |||||||||
| Net Debt | £m | |||||||||
| Book Value | £m | |||||||||
| Average Shares | m | |||||||||
| Book Value ps | p | -23.9% | ||||||||
FINANCIAL BRIEF: For the fiscal year ended 31 December 2012, Serviced Office Group plc revenues increased 30% to L16M. Net income totaled L4.4M vs. loss of L8.8M. Revenues reflect Serviced Office Business segment increase of 17% to L11.8M, IT Services segment increase of 84% to L2.9M, Project Management fees segment increase from L82K to L574K. Net Income reflects Serviced Office Business segment loss decrease of 34% to L5.2M. more »
| Leverage (ttm) | Total | Ex Intang | |||
| Gross Gearing | % | ||||
| Net Gearing | % | ||||
| Cash / Assets | % | ||||
| Liquidity (ttm) | ||
| Current Ratio | ||
| Quick Ratio | ||
| Interest Cover | ||
| Efficiency (ttm) | ||
| Asset Turnover | ||
| Rec's Turnover | ||
| Stock Turnover | ||
market vs.
industry RECENT HISTORY
| Latest interim period (ended 31st Dec '12) vs. prior year | ||||
| Sales Growth | % |
|
|
|
| EPS Growth | % |
|
|
|
| 3yr Average Annualised | ||||
| Sales Growth | % |
|
|
|
| EPS Growth | % |
|
|
|
| DPS Growth | % |
|
|
|
BROKER CONSENSUS & FORECAST TREND
| Recommendation: | Strong Sell | Sell | Hold | Buy | Strong Buy |
|---|---|---|---|---|---|
| No. of Analysts: |
Serviced Office Group plc is engaged in the business of ownership and operation of serviced office accommodation. The Company operates in three segments: serviced office business undertaken in the Company’s freehold and leasehold properties; serviced office business undertaken under management contracts on behalf of third parties, and project management fees earned for managing refurbishment projects on behalf of third parties. As of December 31, 2011, the Company operated serviced offices at 22 locations across the United Kingdom. Its services include fully serviced offices, conferencing facilities and meeting rooms, catering, reception services, hot desking, virtual offices, including call answering and post forwarding, and data and disaster recovery solutions. During the year ended December 31, 2011, the Company sold its property at Teddington. In April 2013, the Company sold its leasehold interest in Gable House.
Directors: Elizabeth Scannell (Fin. Dir.) , Michael Kingshott (Mgng.Dir.) , Andrew Bourne (Exec. Dir.) 32,
No. of Employees: 70 No. of Shareholders: n/a
| Last Annual | December 31st, 2012 |
| Last Interim | December 31st, 2012 |
| Shares in Issue | 602,029,164 |
| Free Float | 386.1m (64.1%) |
| Sector | Financials |
| Industry | Real Estate Operations |
| Index | |
| Exchange |
London Stock Exchange (AIM) |
| Eligible for | an ISA? a SIPP? |
| Address | , LONDON, EC4V 6AL, United Kingdom |
| Web | http://www.servicedofficegroup.com/ |
| Phone | +44 20 75838833 |
| Contact | Stephen Clague (Secy.) |
| Registrar | Capita Registrars |
| Auditors | BDO LLP |
| 6th Jun | Change of Registered Office |
| 31st May | Completion of sale of Kingston property |
| 22nd May | Result of AGM |
| 22nd May | Sale of Kingston property |
| 7th May | New Euston office centre |
| 26th Apr | Sale of Chiswick Property |
