Sage Group: Overpriced For A Mature Business With Weakened Profitability (Rating Downgrade) [Seeking Alpha]
SAGE GROUP UNSP/ADR (SGPYY)
NASDAQ:AMEX Investor Relations:
sage.com/corporate/investors
Company Research
Source: Seeking Alpha
The company's outlook lacks specificity on future profitability, raising doubts about its ability to improve profit margins. The shares are now overvalued, trading at a high price-to-earnings ratio of 60, making a "strong sell" rating appropriate. Business accounting software group The Sage Group ( OTCPK:SGGEF ) has a lot to like about it – and I do. I think it has a long runway for growth thanks to being in a field with ongoing strong demand and having an installed customer base trained on and used to its product. However, I think the share price has got far ahead of itself. I last wrote on the company in my September 2023 piece Sage: Cloud Strategy Is Paying Off, But Priced In . At that point, on valuation concerns, I downgraded my “buy” rating to “sell”. Since then, however, the shares have rallied a further 30%. Business Continues to Perform Well at Topline, Less so at Bottom Line I set out the investment case for Sage at length in my 2021 piece Sage: A Neglected Britis
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