£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Annualisation Factor | 1.0 | 1.0 | n/a | 1.0 | 1.0 |
Dividend Yield | 6.2% | 4.7% | 0.0% | 4.2% | 5.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | 12.4 | 16.4 | 2,016.7 | 10.0 | 15.3 |
PE Ratio - Diluted | n/a n/a |
6.7 17.5 |
n/a 20.4 |
n/a 10.0 |
n/a 15.6 |
PEG - Adjusted | 3.1 | 0.0 | n/a | n/a | 1.3 |
PEG - Diluted | n/a n/a |
n/a 0.5 |
n/a n/a |
n/a n/a |
n/a n/a |
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 | (71.93%) (53.60%) |
137.70% 59.20% |
(179.21%) 79.21% |
(93.12%) 66.53% |
(5.28%) 67.64% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 12.4 | 16.4 | 199,794.4 | 10.0 | 15.3 |
PE Ratio - Diluted | n/a n/a |
6.7 17.2 |
n/a 2,018.3 |
n/a 10.0 |
n/a 15.6 |
PEG - Adjusted | 3.1 | 0.0 | n/a | n/a | 0.1 |
PEG - Diluted | n/a n/a |
n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Net Gearing | 49.92% | 55.67% | 48.75% | 45.57% | 37.97% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Price/Book Value | 0.7 | 0.7 | 0.7 | 0.5 | 0.7 |
Price/Tangible Book Value | 0.7 | 0.7 | 0.7 | 0.5 | 0.7 |
Price/ Cash Flow | 13.4 | 15.3 | 21.9 | 10.3 | 15.9 |
Price/Revenue | 5.81 | 8.56 | 796.72 | 5.56 | 8.93 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 954.87p | 1,078.78p | 973.51p | 1,180.54p | 1,337.84p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Continuing Operations | |||||
Revenue | 791.00 | 679.00 | 6.41 | 741.00 | 757.00 |
EBITDA | (561.00) (416.00) |
940.00 407.00 |
(11.44) 5.13 |
(686.00) 497.00 |
(40.00) 512.00 |
Depreciation | (8.00) (8.00) |
(5.00) (5.00) |
(0.05) (0.05) |
(4.00) (4.00) |
n/a n/a |
Net Interest | (53.00) (53.00) |
(60.00) (60.00) |
(0.64) (0.61) |
(147.00) (79.00) |
(83.00) (83.00) |
Profit Before Tax | (622.00) (477.00) |
875.00 340.00 |
(14.06) 2.53 |
(837.00) 414.00 |
(123.00) 429.00 |
Revenue per Share | 106.89p | 91.76p | 0.87p | 100.14p | 102.30p |
Pre-Tax Profit per Share | (84.05p) (64.46p) |
118.24p 45.95p |
(1.90p) 0.34p |
(113.11p) 55.95p |
(16.62p) 57.97p |
Market Capitalisation £ (Millions) | 4,606.46 | 5,813.44 | 5,184.81 | 4,183.31 | 6,859.63 |
Enterprise Value (EV) £ (Millions) | 8,018.46 | 10,212.44 | 8,648.81 | 9,434.31 | 10,567.63 |
EBITDA/EV | (7.00%) (5.19%) |
9.20% 3.99% |
(0.13%) 0.06% |
(7.27%) 5.27% |
(0.38%) 4.84% |
Operating Margin | (71.93%) (53.60%) |
137.70% 59.20% |
(179.21%) 79.21% |
(93.12%) 66.53% |
(5.28%) 67.64% |
Capital Employed £ (Millions) | 10,604.00 | 12,536.00 | 10,720.00 | 14,068.00 | 13,681.00 |
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) | 7,005.00 | 7,917.00 | 7,212.00 | 8,750.00 | 9,920.00 |
Earnings per Share - Basic | (83.60p) (64.05p) |
117.40p 45.13p |
(1.90p) 33.92p |
(112.40p) 55.95p |
(16.10p) 58.51p |
Earnings per Share - Diluted | (83.60p) (63.71p) |
117.10p 45.01p |
(1.90p) 33.87p |
(112.40p) 55.87p |
(16.10p) 58.51p |
Earnings per Share - Adjusted | 50.10p | 48.00p | 0.34p | 55.90p | 59.70p |
Earnings per Share Growth - Basic | n/a n/a |
n/a 33% |
n/a -39% |
n/a -4% |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a 33% |
n/a -39% |
n/a -4% |
n/a n/a |
Earnings per Share Growth - Adjusted | 4% | 13,927% | -99% | -6% | 12% |
PE Ratio - Diluted | n/a n/a |
6.7 17.5 |
n/a 20.4 |
n/a 10.0 |
n/a 15.6 |
PEG - Diluted | n/a n/a |
n/a 0.5 |
n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | n/a | n/a | n/a | 0.60% | 3.25% |
Dividend Cover | 1.30 (1.66) |
1.30 1.22 |
1.26 124.46 |
2.41 2.41 |
1.31 1.28 |
Interest Cover | (6.15) (4.48) |
11.29 5.00 |
(16.63) 4.30 |
(4.07) 5.27 |
(0.13) 4.94 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (83.60p) (64.05p) |
117.40p 45.68p |
(0.019p) 0.34p |
(112.40p) 55.95p |
(16.10p) 58.51p |
Earnings per Share - Diluted | (83.60p) (63.71p) |
117.10p 45.55p |
(0.019p) 0.34p |
(112.40p) 55.87p |
(16.10p) 58.51p |
Earnings per Share - Adjusted | 50.10p | 48.00p | n/a | 55.90p | 59.70p |
Earnings per Share Growth - Basic | n/a n/a |
n/a 13,241% |
n/a -99% |
n/a -4% |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a 13,223% |
n/a -99% |
n/a -4% |
n/a n/a |
Earnings per Share Growth - Adjusted | 4% | 1,389,573% | -100% | -6% | 238% |
PE Ratio - Diluted | n/a n/a |
6.7 17.2 |
n/a 2,018.3 |
n/a 10.0 |
n/a 15.6 |
PEG - Diluted | n/a n/a |
n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | 1.30 (1.66) |
1.30 1.23 |
0.01 1.26 |
2.41 2.41 |
1.31 1.28 |
Return on Equity (ROE) | (8.84%) (6.77%) |
10.98% 4.27% |
(0.19%) 0.04% |
(9.51%) 4.73% |
(1.20%) 4.36% |
Operating Cash Flow per Share | 46.22p | 51.49p | 0.32p | 54.19p | 57.30p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (14.19p) | 18.38p | (1.83p) | 179.87p | (6.49p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 38.60p | 37.00p | 0.27p | 23.20p | 45.55p |
Dividend per Share Growth | 4.32% | 13,476.05% | (98.83%) | (49.07%) | 3.05% |
Dividend Yield | 6.2% | 4.7% | 0.0% | 4.2% | 5.0% |
Shareholders Funds | 7,005.00 | 7,917.00 | 7,212.00 | 8,750.00 | 9,920.00 |
Net Borrowings £ (Millions) | 3,497.00 | 4,407.00 | 3,516.00 | 3,987.00 | 3,767.00 |
Net Asset Value per Share (inc. Intangibles) | 945.81p | 1,068.78p | 973.51p | 1,180.54p | 1,337.84p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds inc Intangibles | 7,005.00 | 7,917.00 | 7,212.00 | 8,750.00 | 9,920.00 |
Net Borrowings £ (Millions) | 3,497.00 | 4,407.00 | 3,516.00 | 3,987.00 | 3,767.00 |
Net Gearing | 49.92% | 55.67% | 48.75% | 45.57% | 37.97% |
Cash & Near Cash | 41.00 | 146.00 | n/a | 1,345.00 | 14.00 |
Cash | 0.59% | 1.84% | n/a | 15.37% | 0.14% |
Gross Borrowings | 3,538.00 | 4,553.00 | 3,516.00 | 5,332.00 | 3,781.00 |
Gross Gearing | 50.51% | 57.51% | 48.75% | 60.94% | 38.11% |
Borrowings Under 5 years | 3,538.00 | 4,553.00 | 3,516.00 | 5,332.00 | 3,781.00 |
Under 5 years | 50.51% | 57.51% | 48.75% | 60.94% | 38.11% |
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-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds exc Intangibles | 6,999.00 | 7,909.00 | 7,204.00 | 8,736.00 | 9,900.00 |
Net Borrowings £ (Millions) | 3,497.00 | 4,407.00 | 3,516.00 | 3,987.00 | 3,767.00 |
Net Gearing | 49.96% | 55.72% | 48.81% | 45.64% | 38.05% |
Cash & Near Cash | 41.00 | 146.00 | n/a | 1,345.00 | 14.00 |
Cash | 0.59% | 1.85% | n/a | 15.40% | 0.14% |
Gross Borrowings | 3,538.00 | 4,553.00 | 3,516.00 | 5,332.00 | 3,781.00 |
Gross Gearing | 50.55% | 57.57% | 48.81% | 61.03% | 38.19% |
Borrowings Under 5 years | 3,538.00 | 4,553.00 | 3,516.00 | 5,332.00 | 3,781.00 |
Under 5 years | 50.55% | 57.57% | 48.81% | 61.03% | 38.19% |
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-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Quick Ratio | n/a | n/a | n/a | n/a | n/a |
Current Ratio | 0.82 | 0.77 | 0.35 | 1.49 | 0.43 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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