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Highlights

  • Begbies Traynor Group doubled its revenue to £122 million from £60 million between FY19 and FY23.
  • In H1 FY24, Begbies secured approximately 12.6% year-on-year growth in top-line business and 7.6% year-on-year surge in its adjusted EBITDA.
  • It registered 8.3% YoY increase in interim dividend for H1 FY24.

FTSE AIM All-Share index listed Begbies Traynor Group PLC (LSE: BEG) is a UK-based firm involved in business recovery, financial advisory, and property services consultancy company. The company operates under different segments, such as insolvency and restructuring and property.

The company has doubled its revenue to £122 million from £60 million between FY19 and FY23.  Its adjusted profit before tax tripled to £21 million from £7 million over the given five-year period. It secured a strong net cash position of 1.1 million as of 31 October 2023.


In H1 FY24, Begbies secured approximately 12.6% year-on-year growth in top-line business and 7.6% year-on-year surge in its adjusted EBITDA. Its revenue was recorded at GBP 65.9 million in H1 FY24, as compared to GBP 58.50 million in H1 FY23. It posted an adjusted EBITDA of GBP 12.80 million in H1 FY24, versus GBP 11.90 million in H1 FY23.  

It registered a 8.3% YoY increase in interim dividend for H1 FY24. Begbies has announced to pay an interim dividend of 1.30 pence per share in May 2024, with an ex-dividend date of 11 April 2024.

Overall, the group was well-positioned in the challenging economic environment of the present day, securing 80% of income from counter-cyclical and defensive activities.

For the second half of the fiscal year 2024, BEG expects to continue its earnings growth. It is confident of fulfilling market expectations in FY24. The firm is anticipating a continued surge in insolvency activity and financial advisory in H2 FY24.

Top 10 Shareholders:

Around 51.15% of the total shareholdings in the firm is held by its top ten shareholders. While Traynor (Richard William) is the biggest shareholder with around 17.15% shareholding, Close Brothers Asset Management is the second biggest shareholder with 6.60% shareholding.

 

Stock Price Performance

BEG’s stock price has dropped by 5.94% in the last one month. It has declined by approximately 15.88% in the last six months. The stock’s 52-week low and high price stand at GBX 105.50 and GBX 148.00, respectively.

 

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 29 January 2024. The reference data in this report has been partly sourced from EODHD/Others.