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Highlights
- PageGroup provides recruitment consultancy and other ancillary services under three brands: Michael Page, Page Personnel and Page Executive.
- During the fiscal year 2022, PAGE registered a 14.2% YoY growth in fee earner headcount.
- The company had a net cash position of £131.5 million, as of 31 December 2022.
PageGroup PLC (LSE:PAGE) is an FTSE 250 index listed company offering recruitment consultancy and other ancillary services under three brands: Michael Page, Page Personnel and Page Executive. The firms is steering ahead with its strategy for expansion and diversification of the business across industry sectors, geography, professional disciplines, and level of focus.
During the fiscal year 2022, PAGE registered a 14.2% year-on-year (YoY) growth in fee earner headcount, taking the total closing headcount to 9,020. As of 31 December 2022, the company had a net cash position of £131.5 million. PAGE secured an increase of 21.1% YoY in revenue during the year. This was primarily because the cash generated from operations surged to £246.4 million in FY22 from £186.3 million in FY21.
The final dividend rose around 4.5% year-on-year during FY22. The Group paid a final dividend of 10.76 pence per share last month.
Q1 FY23 performance
During the first quarter of the fiscal year 2023, the gross profit of the company dropped by 2.4% year-on-year (YoY). Also, PAGE’s productivity lowered 8% (YoY) during Q1 FY23. As of 31 March 2023, PAGE had a net cash of around £105 million.
Top 10 Shareholders
The top ten shareholders of the company together form approximately 47.74% of the total shareholdings. Maximum number of shares that is around 11.00% shareholding in the company is held by Liontrust Investment Partners LLP, while Heronbridge Investment Management LLP holds near about 4.96% shareholding.
Stock Price Performance
In the last one month, the stock price decreased by 3.03% and over the last six months, it has dropped by more than 5.5%. The 52-week low and 52-week high of the stock is GBX 356.80 and GBX 501.50, respectively.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 11 July 2023. The reference data in this report has been partly sourced from EODHD/Others.
