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PageGroup PLC (GB:PAGE)
LSE:PAGE

PageGroup (PAGE) AI Stock Analysis

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GB

PageGroup

(LSE:PAGE)

Rating:69Neutral
Price Target:
306.00p
▲(10.47%Upside)
PageGroup's overall stock score reflects a combination of mixed financial performance, valuation concerns, and technical indicators. Strong cash flow management and positive corporate governance events are offset by declining profitability and revenue. The high P/E ratio and short-term bullish technical signals provide a mixed outlook. The company's strategic adjustments to navigate economic challenges are notable, but continuous focus on improving profitability and operational efficiency remains crucial.

PageGroup (PAGE) vs. iShares MSCI United Kingdom ETF (EWC)

PageGroup Business Overview & Revenue Model

Company DescriptionPageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company offers executive search services under the Page Executive brand; recruitment services for qualified professional on permanent, temporary, and contract or interim basis under the Michael Page brand; recruitment services to organizations requiring permanent employees and temporary or contract staff at technical and administrative support, professional clerical, and junior management levels under the Page Personnel brand; and flexible recruitment outsourcing services under the Page Outsourcing brand. It also provides assessment, consulting, and talent services under the Page Assessment, Page Consulting, and Page Talent supplementary brands. The company was formerly known as Michael Page International plc and changed its name to PageGroup plc in June 2016. PageGroup plc was founded in 1976 and is headquartered in Addlestone, the United Kingdom.
How the Company Makes MoneyPageGroup generates revenue primarily through fees charged for recruitment services. The company earns placement fees for successful matches between candidates and employers, typically calculated as a percentage of the candidate's first-year salary. This model applies to both permanent and temporary placements, with temporary roles often providing recurring revenue as fees are collected for the duration of the contract. Additionally, PageGroup benefits from its global presence and extensive network of clients and candidates, which enhances its ability to match skilled professionals with suitable job opportunities. The company's diversified portfolio across various sectors and geographic regions also helps mitigate risks and capitalize on different market trends, further contributing to its revenue streams.

PageGroup Financial Statement Overview

Summary
The financial performance of PageGroup is mixed. Despite a strong cash flow management, the company faces challenges due to declining revenue and profitability margins. The balance sheet shows moderate leverage with a declining return on equity. Overall, the company needs to focus on improving profitability and managing costs for future growth.
Income Statement
65
Positive
PageGroup experienced a revenue decrease from 2023 to 2024, with a revenue growth of -13.5%. Gross profit margin for 2024 was approximately 48.5%, indicating efficient cost management. However, net profit margin for 2024 declined significantly to 1.6%, suggesting increased operational costs or other expenses impacting profitability. EBIT and EBITDA margins also decreased, reflecting reduced operational efficiency.
Balance Sheet
72
Positive
The company's debt-to-equity ratio increased to 0.52 in 2024, indicating a moderate level of leverage. Return on equity decreased to 10.8%, showing reduced profitability relative to shareholder investments. The equity ratio of 40.4% suggests a balanced approach to financing, though a declining trend in equity could pose future risks.
Cash Flow
75
Positive
PageGroup maintained strong operating cash flows in 2024, with an operating cash flow to net income ratio of 4.45, indicating robust cash generation relative to profits. Free cash flow remained stable, though there was a slight decline in free cash flow from 2023. The free cash flow to net income ratio of 3.9 reflects strong cash flow management despite profit declines.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
1.74B2.01B1.99B1.64B1.30B
Gross Profit
842.59M1.01B1.08B877.72M610.25M
EBIT
52.45M118.81M203.66M175.34M22.23M
EBITDA
117.54M187.83M264.25M229.07M84.01M
Net Income Common Stockholders
28.44M77.07M139.01M118.36M-5.74M
Balance SheetCash, Cash Equivalents and Short-Term Investments
95.35M90.14M131.48M153.98M165.99M
Total Assets
650.10M704.57M794.94M724.46M629.83M
Total Debt
136.79M110.93M109.83M102.34M103.47M
Net Debt
41.44M20.80M-21.65M-51.64M-62.52M
Total Liabilities
387.69M398.09M442.74M384.35M313.93M
Stockholders Equity
262.41M306.49M352.20M340.11M315.90M
Cash FlowFree Cash Flow
110.99M121.63M152.99M120.32M114.72M
Operating Cash Flow
126.66M153.01M184.66M148.69M137.38M
Investing Cash Flow
-13.73M-28.56M-29.59M-25.73M-21.74M
Financing Cash Flow
-106.09M-156.76M-183.53M-131.19M-53.22M

PageGroup Technical Analysis

Technical Analysis Sentiment
Positive
Last Price277.00
Price Trends
50DMA
263.23
Positive
100DMA
287.84
Negative
200DMA
316.78
Negative
Market Momentum
MACD
2.53
Negative
RSI
56.48
Neutral
STOCH
74.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PAGE, the sentiment is Positive. The current price of 277 is above the 20-day moving average (MA) of 272.19, above the 50-day MA of 263.23, and below the 200-day MA of 316.78, indicating a neutral trend. The MACD of 2.53 indicates Negative momentum. The RSI at 56.48 is Neutral, neither overbought nor oversold. The STOCH value of 74.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PAGE.

PageGroup Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
£302.46M6.2721.08%7.67%-10.24%-11.60%
71
Outperform
£51.33M8.52%5.83%19.29%
69
Neutral
£879.25M30.7310.00%8.48%-13.50%-62.86%
66
Neutral
$4.52B12.345.41%3.62%4.15%-12.18%
GBHAS
58
Neutral
£1.16B-2.60%0.03%-6.95%-117.14%
GBRWA
56
Neutral
£145.84M29.69-3.96%15.96%-16.16%-145.46%
56
Neutral
£24.90M41.583.66%2.53%4.14%-45.24%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:PAGE
PageGroup
272.60
-136.24
-33.32%
GB:GATC
Gattaca
77.00
-9.86
-11.35%
GB:HAS
Hays plc
72.25
-26.77
-27.03%
GB:RWA
Robert Walters
213.00
-171.06
-44.54%
GB:STAF
Staffline
47.00
8.60
22.40%
GB:STEM
SThree plc
234.50
-155.73
-39.91%

PageGroup Corporate Events

Executive/Board Changes
PageGroup Announces New Board Appointment
Positive
Jun 11, 2025

PageGroup plc has announced the appointment of Paul Harrison as an independent Non-Executive Director, effective from 1 July 2025. This strategic addition to the board, with Harrison’s extensive experience in financial and operational roles in technology companies, is expected to strengthen PageGroup’s governance and potentially enhance its market positioning.

The most recent analyst rating on (GB:PAGE) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on PageGroup stock, see the GB:PAGE Stock Forecast page.

Business Operations and Strategy
PageGroup Announces Change in Major Shareholder Holdings
Neutral
Jun 9, 2025

PageGroup Plc, a recruitment company, has announced a change in its major holdings. Apex Group Fiduciary Services Limited, acting as a trustee for the Michael Page Employees’ Benefit Trust, has increased its voting rights from 4.90% to 5.28%. This change in voting rights reflects a strategic adjustment in the company’s shareholder structure, potentially impacting its governance and decision-making processes.

The most recent analyst rating on (GB:PAGE) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on PageGroup stock, see the GB:PAGE Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
PageGroup Announces Change in Voting Rights Structure
Neutral
Jun 4, 2025

PageGroup plc has announced a significant change in its voting rights structure, following Liontrust Investment Partners LLP’s acquisition or disposal of shares. The transaction has resulted in Liontrust holding 4.994% of the voting rights, a decrease from their previous position of 9.782%. This shift in voting rights could influence PageGroup’s decision-making processes and impact its strategic direction, affecting stakeholders and potentially altering its market positioning.

The most recent analyst rating on (GB:PAGE) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on PageGroup stock, see the GB:PAGE Stock Forecast page.

Shareholder MeetingsFinancial Disclosures
PageGroup plc Announces Successful AGM Resolutions
Positive
Jun 3, 2025

PageGroup plc announced that all resolutions proposed at its Annual General Meeting on June 3, 2025, were passed by shareholders. The resolutions included re-elections of directors, approval of financial reports, and other governance-related matters. The successful passing of these resolutions indicates strong shareholder support and stability in the company’s governance structure, which may positively impact its operational efficiency and stakeholder confidence.

The most recent analyst rating on (GB:PAGE) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on PageGroup stock, see the GB:PAGE Stock Forecast page.

Shareholder MeetingsFinancial DisclosuresRegulatory Filings and Compliance
PageGroup Releases 2024 Annual Report and AGM Notice
Neutral
Apr 14, 2025

PageGroup plc has announced the availability of its Annual Report and Accounts for the year ending 31 December 2024, along with the Notice of its Annual General Meeting scheduled for 3 June 2025. These documents are accessible to shareholders via the company’s website and the Financial Conduct Authority’s National Storage Mechanism, indicating transparency and compliance with UK listing regulations.

Business Operations and StrategyFinancial Disclosures
PageGroup’s Q1 2025 Update: Navigating Economic Challenges with Strategic Adjustments
Negative
Apr 9, 2025

PageGroup’s Q1 2025 trading update reveals a 9.2% decline in gross profit compared to Q1 2024, reflecting ongoing economic challenges and subdued client and candidate confidence. The company plans a cost reduction program to save approximately £15 million annually, and despite the uncertain economic outlook, it maintains a strong balance sheet and continues to focus on optimizing its cost base and reallocating resources to areas with significant long-term opportunities. The Americas showed growth, particularly in the US and Brazil, while other regions faced declines, with India being a standout performer.

Regulatory Filings and Compliance
PageGroup Plc Announces Change in Major Holdings
Neutral
Mar 19, 2025

PageGroup Plc, a UK-based company, has announced a change in its major holdings. The notification reveals that Apex Group Fiduciary Services Limited, acting as trustee of the Michael Page Employees’ Benefit Trust, has adjusted its voting rights from 5.10% to 4.90%. This change reflects a disposal of voting rights, which may impact the company’s governance dynamics and influence within the market.

Executive/Board Changes
PageGroup CEO Manages Share Award Vesting and Transfer
Neutral
Mar 18, 2025

PageGroup plc announced a transaction involving its Chief Executive Officer, Nicholas Kirk, who sold 29,749 shares to cover tax liabilities following the vesting of his share award, and transferred 33,546 shares to his spouse, Sarah Kirk, at no cost. This transaction reflects the internal management of executive compensation and shareholding within the company, potentially impacting stakeholders’ perceptions of executive financial activities and governance practices.

Executive/Board ChangesBusiness Operations and Strategy
PageGroup CFO Receives and Sells Shares Under Incentive Plan
Neutral
Mar 18, 2025

PageGroup plc announced that its Chief Financial Officer, Kelvin Stagg, received 105,143 ordinary shares as part of the company’s Executive Single Incentive Plan. To cover tax and national insurance liabilities from this award, Mr. Stagg sold 49,418 of these shares. This transaction highlights the company’s ongoing commitment to incentivizing its executive leadership, potentially impacting its financial strategy and stakeholder interests.

Executive/Board ChangesBusiness Operations and Strategy
PageGroup Grants Deferred Share Awards to Top Executives
Neutral
Mar 14, 2025

PageGroup plc has announced the granting of deferred awards over ordinary shares to its Chief Executive Officer, Nicholas Kirk, and Chief Financial Officer, Kelvin Stagg, under the company’s Executive Single Incentive Plan. This move reflects the company’s strategy to incentivize its top executives, potentially impacting its operational focus and aligning management interests with shareholder value.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.