Business description

S&U’s Advantage motor finance business lends on a simple hire purchase basis to lower- and middle-income groups that may have impaired credit records which restrict their access to mainstream products. It has c 53,000 customers currently.

Stock data

Market cap.£280.6m
Last close2,340.00p
High / Low (52 weeks)2420.0p / 1883.5p
Stock market listingLN
Forecast net cash (£m)97
Forecast gearing ratio (%)N/A

Price performance

Relative *(0.2)15.24.1

* % Relative to local index

Other companies in sector Show

3i Group Abbey Protection
Aberdeen Asset Management Admiral Group
AFH Financial Group Ai Claims Solutions
Alpha Strategic Amlin
APQ Global Arbuthnot Banking Group
Arden Partners Ashmore Group
Atlantis Japan Growth Fund Aviva
Banca IFIS Banca Sistema
BB Healthcare Trust Beazley
BlackRock Emerging Europe Brewin Dolphin
Brightside Group Catlin Group
Cenkos Securities ChimpChange
Circle Holdings City of London Group
Collins Stewart Corestate Capital Holding
Covercy Curtis Banks
DeA Capital Deutsche Börse
Deutsche Grundstücksauktionen DF Deutsche Forfait
Empiric Student Property Ernst Russ
Experian Fairpoint Group
FBD Holdings Ferratum Oyj
Finlab Gable Holdings
Gartmore Group German Startups Group
GLI Finance Grand City Properties
Hardy Underwriting Hargreaves Lansdown
Heartland New Zealand Helphire
Henderson Group Hiscox
HSBC Holdings ICAP
IE Financial IFG Group
IG Group Impax Asset Management
International Personal Finance Is Yatirim Menkul Degerler
JDC Group John Laing Group
Jupiter Fund Management Lancashire Holdings
Liontrust Asset Management Lloyd Fonds
London Stock Exchange Group MAN Group
Market Tech Holdings Mattioli Woods
MCB Finance Group mic
Moneysupermarket.com MPC Capital
MyBucks Nürnberger Beteiligungs
NEOVIA Financial Noratis
Novae Group Numis Corporation
Oakley Capital Investments Ocean Capital
Oekoworld Omega Insurance Holdings
OTC Markets Group Panmure Gordon
Park Group Picton Property Income
Powerhouse Ventures Princess Private Equity Holding
Prudential publity
Quayle Munro Holdings Randall & Quilter Investment Holdings
RCM Beteiligungs Record
Rensburg Sheppards RSM Tenon
Sanlam Securities UK Scherzer & Co
Schroders Secure Trust Bank
Share Shore Capital Group
St. James's Place Syndicate Asset Management
Tawa The Dolphin Square Charitable Foundation
Town Centre Securities Tungsten Corporation
Warsaw Stock Exchange WH Ireland
WorldSpreads Group

Company news

Demand for S & U's products remains 'very robust'

Thu, 07 Dec 2017 09:56:15 GMT

S & U motors on

Tue, 28 Mar 2017 08:00:13 GMT

S & U's Advantage Finance in the driving seat

Fri, 10 Feb 2017 14:33:23 GMT

S & U has driven higher over the past month as lender's motor finance arm goes ...

Mon, 03 Jul 2017 15:02:18 GMT

Tracking the Technicals for S & U Plc (SUS.L)

Fri, 19 Jan 2018 13:30:00 GMT

Investment summary

S&U’s trading update for the period since its half-year end confirmed that it is trading in line with expectations and our estimates are unchanged. Transactions and receivables outstanding continue to grow even though underwriting criteria have been tightened. Impairment rates have edged up further but should stabilise and reverse as the loan book mix evolves.

Last updated on 08/12/2017

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2016A 45.2 21.5 19.5 132.4 17.7 N/A
2017A 60.5 27.1 25.2 169.1 13.8 N/A
2018E 80.0 33.8 30.3 201.9 11.6 N/A
2019E 95.6 41.6 35.5 235.8 9.9 N/A

Last updated on 08/12/2017

Latest research

Latest video

Executive Interview – S&U

Industry outlook

While there is regulatory concern over the growth in consumer lending in general, including the overall motor finance market, S&U does not offer PCP contracts, which have been the main source of growth and concern in this area. With most of its lending being used to fund used cars (average loan c £6,200), which provide customers with transport to work, S&U's main concern would be a rise in unemployment. Meanwhile demand for loans remains strong and there is good scope for S&U to continue to gain market share from its current level of c 1%.

Last updated on 02/11/2017

Key management

Chris Redford, FD
Anthony Coombs, Executive Chairman of the Board

Company address

Royal House
Prince's Gate
Homer Road
B91 3QQ
United Kingdom
View website