Aviva (AV.)

Sector:

Insurance

Index:

FTSE 100

470.80p
   
  • Change Today:
      1.70p
  • 52 Week High: 496.60p
  • 52 Week Low: 369.20p
  • Currency: UK Pounds
  • Shares Issued: 2,704.72m
  • Volume: 3,571,071
  • Market Cap: £12,734m
  • RiskGrade: 140

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 7.7% 7.0% 3.1% 3.0% 10.5%
           
Continuing Operations          
PE Ratio - Basic 11.5
9.0		 n/a
n/a		 92.3
78.9		 5.1
8.6		 7.5
12.5
PE Ratio - Diluted 11.5
9.0		 n/a
n/a		 93.5
79.6		 5.1
8.7		 7.5
12.6
PE Ratio - Adjusted 11.5 n/a 92.3 5.8 7.5
PEG - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.1		 0.8
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.1		 0.8
n/a
PEG - Adjusted n/a n/a n/a 0.1 0.8
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 9.14%
10.42%		 (13.42%)
(13.37%)		 6.72%
6.72%		 14.89%
14.89%		 7.37%
7.37%
           
Continuing & Discontinued Operations          
PE Ratio - Basic 11.5
11.0		 n/a
n/a		 1,390.8
1,047.5		 5.0
8.5		 7.5
12.5
PE Ratio - Diluted 11.5
11.0		 n/a
n/a		 1,402.0
1,056.4		 5.0
8.6		 7.5
12.6
PE Ratio - Adjusted 11.5 n/a 1,390.8 5.3 7.5
PEG - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.1		 0.8
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.1		 0.8
n/a
PEG - Adjusted n/a n/a n/a 0.1 0.8

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-19 31-Dec-18
Net Gearing n/a n/a (26.77%) (59.21%) (37.20%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-19 31-Dec-18
Price/Book Value 1.8 1.6 1.3 1.5 1.5
Price/Tangible Book Value 1.9 1.6 1.4 1.7 1.6
Price/ Cash Flow (4.4) 0.9 (7.3) 3.7 3.6
Price/Revenue 0.64 0.83 106.17 0.73 0.68
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 238.05p 279.40p 405.32p 358.73p 337.67p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 18,497.00 16,689.00 197.81 29,711.00 28,659.00
Net Interest n/a
n/a		 n/a
n/a		 (5.13)
(5.13)		 (576.00)
(576.00)		 (573.00)
(573.00)
Profit Before Tax 1,690.00
1,927.00		 (2,239.00)
(2,272.00)		 8.17
8.17		 3,821.00
3,821.00		 1,652.00
1,652.00
           
Revenue per Share 674.09p 533.88p 5.09p 759.68p 723.16p
Pre-Tax Profit per Share 61.59p
70.23p		 (71.62p)
(72.68p)		 0.21p
0.21p		 97.70p
97.70p		 41.69p
41.69p
Market Capitalisation £ (Millions) 11,908.55 12,433.67 20,336.92 21,602.32 19,280.70
Enterprise Value (EV) £ (Millions) 18,187.55 18,852.67 27,510.92 30,641.32 28,700.70
EBITDA/EV 9.29%
10.60%		 (11.88%)
(11.83%)		 0.06%
0.06%		 14.44%
14.44%		 7.36%
7.36%
Operating Margin 9.14%
10.42%		 (13.42%)
(13.37%)		 6.72%
6.72%		 14.89%
14.89%		 7.37%
7.37%
Capital Employed £ (Millions) 14,154.00 17,075.00 26,091.00 26,789.00 26,086.00
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 9,282.00 12,585.00 19,202.00 21,428.00 20,773.00
           
Earnings per Share - Basic 37.70p
48.18p		 (34.70p)
(34.68p)		 5.85p
6.84p		 108.55p
64.05p		 66.14p
39.57p
Earnings per Share - Diluted 37.70p
48.18p		 (34.70p)
(34.68p)		 5.78p
6.78p		 108.21p
63.32p		 65.44p
39.10p
Earnings per Share - Adjusted 37.70p (34.70)p 5.85p 94.88p 66.14p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 -95%
-89%		 64%
62%		 9%
-27%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 -95%
-89%		 65%
62%		 9%
-27%
Earnings per Share Growth - Adjusted n/a n/a -94% 44% 9%
PE Ratio - Diluted 11.5
9.0		 n/a
n/a		 93.5
79.6		 5.1
8.7		 7.5
12.6
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.1		 0.8
n/a
Tax Rate 34.56% 54.00% 58.05% 33.99% (2.27%)
Dividend Cover 1.13
1.44		 (1.12)
(1.12)		 0.35
0.41		 5.77
3.89		 1.27
0.76
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 37.70p
39.54p		 (34.70p)
(34.68p)		 0.39p
0.52p		 110.46p
65.15p		 66.14p
39.57p
Earnings per Share - Diluted 37.70p
39.54p		 (34.70p)
(34.68p)		 0.39p
0.51p		 110.11p
64.41p		 65.44p
39.10p
Earnings per Share - Adjusted 37.70p (34.70p) 0.39p 104.74p 66.14p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 -100%
-99%		 67%
65%		 9%
-27%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 -100%
-99%		 68%
65%		 9%
-27%
Earnings per Share Growth - Adjusted n/a n/a -100% 58% 9%
PE Ratio - Diluted 11.5
11.0		 n/a
n/a		 1,402.0
1,056.4		 5.0
8.6		 7.5
12.6
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.1		 0.8
n/a
Dividend Cover 1.13
1.18		 (1.12)
(1.12)		 0.02
0.03		 6.37
3.96		 1.27
0.76
Return on Equity (ROE) 11.69%
11.69%		 (8.35%)
(8.61%)		 0.10%
0.10%		 11.89%
11.89%		 7.55%
7.55%
Operating Cash Flow per Share (99.56p) 508.09p (73.49p) 149.55p 136.29p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (178.64p) 307.26p (1.88p) 89.90p 59.88p
Dividend per Share 33.40p 31.00p 16.76p 16.45p 51.94p
Dividend per Share Growth 7.74% 84.99% 1.89% (68.33%) 9.49%
Dividend Yield 7.7% 7.0% 3.1% 3.0% 10.5%
Shareholders Funds 9,282.00 12,585.00 19,202.00 17,708.00 17,489.00
Net Borrowings £ (Millions) (10,899.00) (15,750.00) (5,141.00) (10,485.00) (6,506.00)
Net Asset Value per Share (inc. Intangibles) 226.46p 269.48p 398.84p 333.75p 313.30p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 9,282.00 12,585.00 19,202.00 17,708.00 17,489.00
Net Borrowings £ (Millions) (10,899.00) (15,750.00) (5,141.00) (10,485.00) (6,506.00)
Net Gearing n/a n/a (26.77%) (59.21%) (37.20%)
Cash & Near Cash 17,273.00 22,505.00 12,485.00 19,524.00 15,926.00
Cash 186.09% 178.82% 65.02% 110.26% 91.06%
Gross Borrowings 6,374.00 6,755.00 7,344.00 9,039.00 9,420.00
Gross Gearing 68.67% 53.68% 38.25% 51.04% 53.86%
Borrowings Under 5 years 6,374.00 6,755.00 7,344.00 9,039.00 9,420.00
Under 5 years 68.67% 53.68% 38.25% 51.04% 53.86%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 6,214.00 8,424.00 15,511.00 13,053.00 12,416.00
Net Borrowings £ (Millions) (10,899.00) (15,750.00) (5,141.00) (10,485.00) (6,506.00)
Net Gearing n/a n/a (33.14%) (80.33%) (52.40%)
Cash & Near Cash 17,273.00 22,505.00 12,485.00 19,524.00 15,926.00
Cash 277.97% 267.15% 80.49% 149.57% 128.27%
Gross Borrowings 6,374.00 6,755.00 7,344.00 9,039.00 9,420.00
Gross Gearing 102.57% 80.19% 47.35% 69.25% 75.87%
Borrowings Under 5 years 6,374.00 6,755.00 7,344.00 9,039.00 9,420.00
Under 5 years 102.57% 80.19% 47.35% 69.25% 75.87%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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