Park Group (PKG)

Business description

Park Group is a financial services business. It is one of the UK’s leading multi-retailer gift voucher and prepaid gift card businesses, focused on the corporate gift and consumer markets. Sales are generated via e-commerce, a direct salesforce and agents.

Stock data

Market cap.£157.3m
Last close84.75p
High / Low (52 weeks)90.0p / 76.0p
Stock market listingLN
Forecast net cash (£m)34.8
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(2.3)(0.3)5.0
Relative *4.71.44.8

* % Relative to local index

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Company news

Investment summary

This note provides an update on Park’s strategy for growth and progress with key product and distribution initiatives. High levels of investment in e-commerce, over many years, have transformed the business, broadening the product range and attracting new customers via expansion into new areas through innovation and technology. The strategy continues to deliver sustained growth in earnings and dividends, and the business model is highly cash generative, allowing Park to operate without debt. Interest earnings on substantial cash balances make Park a beneficiary from higher rates.

Last updated on 13/02/2018

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2016A 385.0 12.4 11.9 5.2 16.3 13.0
2017A 404.5 13.0 12.4 5.3 16.0 16.0
2018E 432.8 13.5 13.2 5.6 15.1 14.3
2019E 462.9 14.4 14.3 6.1 13.9 11.8

Last updated on 22/01/2018

Latest video

Executive Interview - Park Group

Industry outlook

Constant innovation supports steady growth in Christmas savings and strong trend growth into a large target market for corporate incentivisation and rewards.

Last updated on 02/02/2018

Key management

Laura Carstensen, Chairman
Ian O'Doherty, CEO
Gary Woods, MD
Martin Stewart, FD

Company address

Valley Road
Birkenhead
Merseyside
CH41 7ED
United Kingdom
+44 (0) 151 653 1700
View website