GSK (GSK)

Sector:

Pharma and Biotech

Index:

FTSE 100

1,453.00p
   
  • Change Today:
    -27.00p
  • 52 Week High: 1,812.50p
  • 52 Week Low: 1,382.00p
  • Currency: UK Pounds
  • Shares Issued: 4,145.09m
  • Volume: 7,705,179
  • Market Cap: £60,228m
  • RiskGrade: 129

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.9% 3.1% 4.0% 4.8% 3.6%
           
Continuing Operations          
PE Ratio - Adjusted 9.4 10.3 22.2 14.5 17.9
PE Ratio - Diluted 12.1
10.4		 13.2
10.4		 30.7
20.2		 14.7
16.4		 24.0
19.7
PEG - Adjusted 0.9 0.2 n/a n/a 4.5
PEG - Diluted 1.2
5.2		 0.2
0.3		 n/a
n/a		 0.6
n/a		 0.9
4.9
Return on Capital Employed 67.14%
80.38%		 61.02%
77.43%		 0.48%
0.70%		 65.99%
68.95%		 59.48%
68.14%
Operating Margin 22.24%
26.62%		 21.94%
27.84%		 17.50%
23.06%		 22.82%
23.85%		 20.84%
23.40%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.4 10.3 2,196.9 14.5 17.9
PE Ratio - Diluted 12.1
10.4		 3.9
3.6		 2,298.5
1,545.0		 14.7
16.4		 24.0
20.2
PEG - Adjusted 0.9 0.0 n/a n/a 4.5
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.6
n/a		 0.9
20.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 113.00% 162.90% 132.18% 142.99% 215.30%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value (6.7) (5.1) (4.2) (4.3) (4.7)
Price/Tangible Book Value (7.1) (5.4) (3.1) (3.2) (3.7)
Price/ Cash Flow 8.7 7.8 10.1 9.9 13.7
Price/Revenue 1.94 1.97 322.49 2.45 3.26
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (216.78p) (279.88p) (481.86p) (394.15p) (468.16p)
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-20 31-Dec-19
Continuing Operations          
Revenue 30,328.00 29,324.00 249.28 34,099.00 33,754.00
EBITDA 9,039.00
10,368.00		 8,580.00
9,571.00		 65.04
78.92		 10,134.00
10,484.00		 7,035.00
7,900.00
Depreciation (2,294.00)
(2,294.00)		 (2,147.00)
(1,408.00)		 (21.42)
(21.42)		 (2,351.00)
(2,351.00)		 n/a
n/a
Net Interest (677.00)
(677.00)		 (803.00)
(803.00)		 (7.62)
(7.62)		 (848.00)
(846.00)		 (814.00)
(814.00)
Profit Before Tax 6,064.00
7,393.00		 5,628.00
7,358.00		 36.33
55.65		 6,968.00
7,320.00		 6,221.00
7,246.00
           
Revenue per Share 748.47p 728.37p 6.23p 685.27p 682.31p
Pre-Tax Profit per Share 149.65p
182.45p		 139.79p
182.76p		 0.91p
1.39p		 140.03p
147.11p		 125.75p
146.47p
Market Capitalisation £ (Millions) 62,534.74 61,979.87 108,184.73 90,336.55 119,706.74
Enterprise Value (EV) £ (Millions) 79,973.74 82,273.87 131,661.73 116,479.55 148,841.74
EBITDA/EV 11.30%
12.96%		 10.43%
11.63%		 0.05%
0.06%		 8.70%
9.00%		 4.73%
5.31%
Operating Margin 22.24%
26.62%		 21.94%
27.84%		 17.50%
23.06%		 22.82%
23.85%		 20.84%
23.40%
Capital Employed £ (Millions) 10,040.00 10,540.00 9,070.00 11,844.00 11,828.00
Return on Capital Employed 67.14%
80.38%		 61.02%
77.43%		 0.48%
0.70%		 65.99%
68.95%		 59.48%
68.14%
Invested Equity Capital £ (Millions) 14,153.00 11,419.00 19,241.00 18,894.00 16,464.00
           
Earnings per Share - Basic 121.60p
142.05p		 110.80p
139.72p		 66.32p
100.85p		 115.50p
103.38p		 93.90p
114.61p
Earnings per Share - Diluted 119.90p
140.01p		 109.20p
137.73p		 65.44p
99.63p		 114.10p
102.10p		 92.60p
113.04p
Earnings per Share - Adjusted 155.10p 139.70p 90.56p 115.90p 123.90p
Earnings per Share Growth - Basic 10%
2%		 67%
38%		 -43%
-2%		 23%
-10%		 27%
4%
Earnings per Share Growth - Diluted 10%
2%		 67%
38%		 -43%
-2%		 23%
-10%		 27%
4%
Earnings per Share Growth - Adjusted 11% 54% -22% -6% 4%
PE Ratio - Diluted 12.1
10.4		 13.2
10.4		 30.7
20.2		 14.7
16.4		 24.0
19.7
PEG - Diluted 1.2
5.2		 0.2
0.3		 n/a
n/a		 0.6
n/a		 0.9
4.9
Tax Rate 12.46% 12.56% 2.33% 8.36% 15.32%
Dividend Cover 3.69
3.38		 3.17
3.18		 1.13
1.26		 1.45
1.29		 1.55
1.43
Interest Cover 8.66
10.33		 7.40
9.37		 5.68
8.17		 8.81
9.22		 (62.48)
(72.94)
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 121.60p
142.05p		 371.40p
405.49p		 0.89p
1.32p		 115.50p
103.38p		 93.90p
111.38p
Earnings per Share - Diluted 119.90p
140.01p		 366.20p
399.73p		 0.87p
1.30p		 114.10p
102.10p		 92.60p
109.85p
Earnings per Share - Adjusted 155.10p 139.70p 0.91p 115.90p 123.90p
Earnings per Share Growth - Basic -67%
-65%		 41,864%
30,717%		 -99%
-99%		 23%
-7%		 27%
1%
Earnings per Share Growth - Diluted -67%
-65%		 41,812%
30,652%		 -99%
-99%		 23%
-7%		 27%
1%
Earnings per Share Growth - Adjusted 11% 15,182% -99% -6% 4%
PE Ratio - Diluted 12.1
10.4		 3.9
3.6		 2,298.5
1,545.0		 14.7
16.4		 24.0
20.2
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.6
n/a		 0.9
20.2
Dividend Cover 3.69
3.38		 3.17
9.22		 0.01
0.02		 1.45
1.29		 1.55
1.39
Return on Equity (ROE) 34.82%
40.67%		 130.97%
142.96%		 0.23%
0.27%		 30.43%
27.23%		 28.21%
33.47%
Operating Cash Flow per Share 167.03p 183.88p 198.65p 169.63p 162.12p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (11.55p) (13.56p) (0.36p) 9.45p 16.70p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 42.00p 44.00p 80.00p 80.00p 80.00p
Dividend per Share Growth (4.55%) (45.00%) n/a n/a n/a
Dividend Yield 2.9% 3.1% 4.0% 4.8% 3.6%
Shareholders Funds 13,347.00 10,598.00 15,055.00 14,587.00 11,984.00
Net Borrowings £ (Millions) 15,082.00 17,264.00 19,899.00 20,858.00 25,801.00
Net Asset Value per Share (inc. Intangibles) (203.16p) (267.41p) (638.92p) (519.17p) (596.99p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 13,347.00 10,598.00 15,055.00 14,587.00 11,984.00
Net Borrowings £ (Millions) 15,082.00 17,264.00 19,899.00 20,858.00 25,801.00
Net Gearing 113.00% 162.90% 132.18% 142.99% 215.30%
Cash & Near Cash 2,936.00 3,723.00 4,274.00 6,292.00 4,707.00
Cash 22.00% 35.13% 28.39% 43.13% 39.28%
Gross Borrowings 18,018.00 20,987.00 24,173.00 27,150.00 30,508.00
Gross Gearing 135.00% 198.03% 160.56% 186.12% 254.57%
Borrowings Under 5 years 18,018.00 20,987.00 24,173.00 27,150.00 30,508.00
Under 5 years 135.00% 198.03% 160.56% 186.12% 254.57%
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-20 31-Dec-19
Shareholders' Funds exc Intangibles (8,232.00) (10,766.00) (25,576.00) (25,834.00) (29,533.00)
Net Borrowings £ (Millions) 15,082.00 17,264.00 19,899.00 20,858.00 25,801.00
Net Gearing n/a n/a (77.80%) (80.74%) (87.36%)
Cash & Near Cash 2,936.00 3,723.00 4,274.00 6,292.00 4,707.00
Cash (35.67%) (34.58%) (16.71%) (24.36%) (15.94%)
Gross Borrowings 18,018.00 20,987.00 24,173.00 27,150.00 30,508.00
Gross Gearing 218.88% 194.94% 94.51% 105.09% 103.30%
Borrowings Under 5 years 18,018.00 20,987.00 24,173.00 27,150.00 30,508.00
Under 5 years (218.88%) (194.94%) (94.51%) (105.09%) (103.30%)
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)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.62 0.68 0.54 0.64 0.56
Current Ratio 0.88 0.91 0.79 0.91 0.81

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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