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Serco Group plc
(LSE:SRP)
Serco Group plc (SRP) vs. S&P 500 (SPY)
Serco Group plc Business Overview & Revenue Model
Serco Group plc Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 4.85B | 4.79B | 4.87B | 4.53B | 4.42B | 3.88B | Gross Profit |
| 547.80M | 518.60M | 495.50M | 493.50M | 468.00M | 383.00M | EBIT |
| 276.60M | 130.10M | 230.60M | 217.20M | 216.20M | 179.20M | EBITDA |
| 304.40M | 326.90M | 422.00M | 382.00M | 365.20M | 299.90M | Net Income Common Stockholders |
| 139.00M | 44.20M | 202.40M | 155.40M | 303.90M | 133.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 62.50M | 183.00M | 94.40M | 57.20M | 198.40M | 335.70M | Total Assets |
| 1.55B | 2.66B | 2.61B | 2.75B | 2.73B | 2.41B | Total Debt |
| 254.30M | 806.40M | 659.90M | 708.90M | 807.30M | 791.40M | Net Debt |
| 191.80M | 623.40M | 565.50M | 651.70M | 608.90M | 455.70M | Total Liabilities |
| 1.17B | 1.82B | 1.58B | 1.72B | 1.73B | 1.70B | Stockholders Equity |
| 385.40M | 842.50M | 1.03B | 1.03B | 1.01B | 713.30M |
| Cash Flow | Free Cash Flow | ||||
| 347.40M | 385.00M | 368.40M | 307.80M | 317.80M | 218.40M | Operating Cash Flow |
| 375.60M | 419.40M | 393.10M | 327.20M | 349.90M | 268.50M | Investing Cash Flow |
| -38.90M | -7.40M | -5.40M | -35.30M | -232.30M | 600.00K | Financing Cash Flow |
| -300.00M | -322.30M | -347.90M | -436.80M | -250.10M | -24.70M |
Serco Group plc Technical Analysis
Serco Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £3.45B | 17.91 | 44.03% | 0.77% | 3.34% | 481.76% | |
74 Outperform | £1.49B | 11.26 | 21.67% | 3.77% | 10.41% | 11.04% | |
67 Neutral | £1.63B | 38.51 | 4.71% | 2.25% | -0.68% | -78.93% | |
62 Neutral | $7.24B | 12.39 | 3.08% | 3.39% | 3.63% | -14.35% |
Serco Group plc Corporate Events
Serco Group plc announced changes in share interests for its Group Chief Financial Officer, Nigel Crossley, under the Equity Settled Bonus Plan. The announcement includes the vesting of an award granted in 2022 and the grant of a new award in 2025, highlighting Serco’s commitment to aligning managerial interests with company performance. The transaction reflects Serco’s strategic focus on incentivizing its leadership to drive innovation and support its global government service operations.
Serco Group plc announced a transaction involving the transfer of ordinary shares by David Eveleigh, Group General Counsel, to his spouse, Katharine Eveleigh. This transaction, valued at £654,302.95, was conducted outside a trading venue and is part of the company’s compliance with the UK Market Abuse Regulation. The announcement highlights the company’s adherence to regulatory requirements and transparency in managerial transactions.
Serco Group plc has released its 2024 Annual Report and Accounts along with the 2025 Notice of Annual General Meeting, now accessible on the company’s website and the UK Listing Authority’s National Storage Mechanism. This publication is a routine disclosure that provides stakeholders with insights into the company’s financial performance and strategic direction, reinforcing its commitment to transparency and regulatory compliance.
Wellington Management International Ltd has increased its stake in Serco Group PLC, crossing the 5% threshold for voting rights attached to shares and financial instruments. This acquisition signifies a notable shift in the ownership structure of Serco, potentially impacting its governance and strategic direction, as Wellington Management is a significant investment management entity.
Wellington Management Group LLP has adjusted its holdings in Serco Group PLC, with a slight decrease in voting rights from 5.00% to 4.99%. This change reflects a minor shift in the financial instruments and voting rights held by Wellington, which could indicate strategic portfolio adjustments. The announcement may have implications for Serco’s shareholder dynamics but does not significantly alter the company’s market position.
Serco Group PLC, a UK-based company, has announced a change in its voting rights structure due to an acquisition or disposal of voting rights by Wellington Management Group LLP, a US-based investment management firm. The notification reveals that Wellington Management Group now holds 5% of Serco’s voting rights, indicating a significant stake in the company. This change in voting rights could impact Serco’s governance and decision-making processes, potentially influencing its strategic direction and market positioning.
Serco Group plc announced that Ian El-Mokadem, an Independent Non-Executive Director, will join United Utilities Group PLC as a Non-Executive Director and a member of its Audit, Compliance, and Nomination Committees starting June 2025. This move aligns with Serco’s commitment to strengthening its leadership presence across industries, potentially enhancing its strategic influence and stakeholder engagement.
Serco Group plc has published its 2024 Annual Report and Accounts, which is now available on the company’s website and will soon be accessible at the UK Listing Authority’s National Storage Mechanism. The report outlines the company’s financial performance and strategic initiatives, providing shareholders with comprehensive insights ahead of the 2025 Annual General Meeting. This publication is a key communication tool for stakeholders, reflecting Serco’s ongoing commitment to transparency and engagement with its investors.
Serco Group plc reported strong financial performance for 2024, with revenue reaching £4.8 billion and a 10% increase in underlying operating profit. Despite a goodwill impairment charge in Asia Pacific, the company maintained robust cash flow and a strong order book. Looking forward to 2025, Serco anticipates stable revenue with strategic growth in its North American defense business, bolstered by the acquisition of MT&S from Northrop Grumman. The company is poised to leverage its capabilities in a dynamic global environment, with a record pipeline of potential new work valued at £11.2 billion, ensuring continued growth and value creation for stakeholders.
Serco Group plc has been awarded a significant contract by the UK Ministry of Defence to deliver a next-generation recruitment solution for the UK’s Armed Forces. This landmark contract, valued at up to £1.5bn, will consolidate recruitment for the Royal Navy, British Army, Royal Air Force, and Strategic Command, aiming to enhance candidate experience and streamline the recruitment process with a modern, integrated technology approach. The contract reflects Serco’s ongoing strategic partnership with the MOD, highlighting its commitment to recruiting well-trained personnel and addressing both current and future needs of the Armed Forces.
Serco Group plc has announced the acquisition of Northrop Grumman’s mission training and satellite ground network communications software business for $327 million. This strategic move is set to significantly enhance Serco’s presence in the US defense market, doubling its revenue and more than tripling its profit in North America. The acquisition will expand Serco’s capabilities in technology-enabled military training and satellite communications, aligning with the US military’s focus on improving warfighting standards. This transaction is expected to increase Serco’s exposure to the defense sector, which will become its largest revenue segment, and will boost its growth potential both in North America and internationally.
Serco Group PLC announced a change in its major holdings due to an acquisition or disposal of voting rights by JPMorgan Asset Management Holdings Inc., which now holds a total of 5.272611% of voting rights in the company. This adjustment in holdings reflects a marginal increase from previous figures, indicating a slight shift in stakeholder dynamics and potential influence within Serco’s governance.
Recently, JPMorgan Asset Management Holdings Inc. increased its stake in Serco Group plc, crossing the 5% threshold of voting rights. This acquisition reflects an increase in influence and potential impact on the company’s strategic decisions, indicating a positive investor sentiment towards Serco’s future prospects and positioning within the public services industry.
Serco Group PLC has secured a significant $247 million contract with the US Army to enhance soldier readiness and performance through the Holistic Health and Fitness System. This contract, starting immediately, demonstrates Serco’s strong position in the defence sector, supporting 45 US Army brigades across 15 locations in the US. Following previous major US defence contracts, this win highlights Serco’s comprehensive support capabilities from recruitment to veteran assistance, reinforcing its strategic focus on the defence sector as its largest global market.
Serco Group plc announced the retirement of its Group Chief Executive, Mark Irwin, effective February 28, 2025, with Anthony Kirby, currently CEO of UK & Europe, set to succeed him on March 1, 2025. This transition is part of Serco’s internal succession planning, and the company remains confident in Kirby’s ability to continue the strategic growth and strong financial performance achieved under Irwin’s leadership, with no anticipated changes to the financial guidance for 2024 or 2025.
Serco Group PLC has announced a change in major shareholding, with FIL Limited acquiring a total of 5.673% of voting rights, which marks an increase from their previous position. This acquisition by FIL Limited could potentially influence Serco’s strategic decisions and shareholder dynamics, reflecting FIL’s growing influence within the company.