Sainsbury (J) (SBRY)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

249.40p
   
  • Change Today:
    -0.20p
  • 52 Week High: 310.40
  • 52 Week Low: 247.80
  • Currency: UK Pounds
  • Shares Issued: 2,368.99m
  • Volume: 8,431,024
  • Market Cap: 5,908m
  • RiskGrade: 132

Key Financials

  (Millions) (Millions) (Millions) (Millions) (Millions)
Growth Metrics 04-Mar-23 05-Mar-22 06-Mar-21 07-Mar-20 09-Mar-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.3
Dividend Yield 5.0% 5.3% 4.6% 1.6% 4.9%
           
Continuing Operations          
PE Ratio - Adjusted 11.5 9.8 19.6 10.7 10.8
PE Ratio - Diluted 30.0
10.6
8.6
10.2
n/a
21.1
36.4
10.4
29.8
13.2
PEG - Adjusted n/a 0.1 n/a n/a n/a
PEG - Diluted n/a
5.3
n/a
0.1
n/a
n/a
n/a
0.5
n/a
n/a
Return on Capital Employed 4.02%
7.35%
7.33%
6.59%
0.01%
0.05%
4.37%
6.97%
1.04%
1.68%
Operating Margin 1.78%
1.90%
3.87%
3.48%
0.54%
2.33%
2.14%
3.30%
2.07%
3.35%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.5 9.8 1,945.0 10.7 43.1
PE Ratio - Diluted 30.0
73.2
8.6
9.9
n/a
2,095.1
36.4
10.4
119.0
61.9
PEG - Adjusted n/a 0.0 n/a 0.0 n/a
PEG - Diluted n/a
n/a
n/a
0.0
n/a
n/a
0.2
0.0
n/a
n/a

  (Millions) (Millions) (Millions) (Millions) (Millions)
Gearing 04-Mar-23 05-Mar-22 06-Mar-21 07-Mar-20 09-Mar-19
Net Gearing 80.33% 77.85% 84.38% 83.50% 81.86%

  (Millions) (Millions) (Millions) (Millions) (Millions)
Value Metrics 04-Mar-23 05-Mar-22 06-Mar-21 07-Mar-20 09-Mar-19
Price/Book Value 1.0 0.8 0.9 0.7 0.7
Price/Tangible Book Value 1.0 0.8 0.9 0.7 0.7
Price/ Cash Flow 2.8 5.6 2.2 3.4 4.7
Price/Revenue 0.19 0.19 17.31 0.16 0.68
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 269.35p 326.48p 257.47p 307.98p 306.65p
Net Cash per Share n/a n/a n/a n/a n/a

  (Millions) (Millions) (Millions) (Millions) (Millions)
Annualised Fundamentals 04-Mar-23 05-Mar-22 06-Mar-21 07-Mar-20 09-Mar-19
Continuing Operations          
Revenue 31,491.00 29,895.00 293.20 28,993.00 7,271.67
EBITDA 2,770.00
2,805.00
2,376.00
2,259.00
14.18
19.44
621.00
957.00
467.03
560.03
Depreciation (2,208.00)
(2,208.00)
(1,220.00)
(1,220.00)
(12.61)
(12.61)
n/a
n/a
(316.37)
(316.37)
Net Interest (235.00)
(282.00)
(302.00)
(309.00)
(3.23)
(3.23)
(366.00)
(394.00)
(101.03)
(104.54)
Profit Before Tax 327.00
746.00
854.00
730.00
(1.66)
3.60
255.00
598.00
50.64
140.64
           
Revenue per Share 1,361.71p 1,315.92p 13.27p 1,313.33p 330.89p
Pre-Tax Profit per Share 14.14p
32.26p
37.59p
32.13p
(0.075p)
0.16p
11.55p
27.09p
2.30p
6.40p
Market Capitalisation (Millions) 6,218.69 5,809.63 5,124.61 4,680.09 4,937.03
Enterprise Value (EV) (Millions) 9,307.69 9,746.63 8,742.61 7,705.09 12,188.03
EBITDA/EV 29.76%
30.14%
24.38%
23.18%
0.16%
0.22%
8.06%
12.42%
3.83%
4.59%
Operating Margin 1.78%
1.90%
3.87%
3.48%
0.54%
2.33%
2.14%
3.30%
2.07%
3.35%
Capital Employed (Millions) 13,982.00 15,776.00 13,046.00 14,223.00 14,560.00
Return on Capital Employed 4.02%
7.35%
7.33%
6.59%
0.01%
0.05%
4.37%
6.97%
1.04%
1.68%
Invested Equity Capital (Millions) 7,861.00 9,400.00 6,761.00 7,631.00 8,112.00
           
Earnings per Share - Basic 9.00p
25.47p
29.80p
25.35p
(9.40p)
11.40p
5.80p
20.34p
7.60p
18.98p
Earnings per Share - Diluted 8.80p
25.04p
28.80p
24.50p
(9.40p)
10.86p
5.80p
20.34p
7.50p
16.89p
Earnings per Share - Adjusted 23.00p 25.40p 11.70p 19.80p 20.70p
Earnings per Share Growth - Basic -70%
0%
n/a
122%
n/a
-44%
-24%
7%
n/a
-20%
Earnings per Share Growth - Diluted -69%
2%
n/a
126%
n/a
-47%
-23%
20%
n/a
-26%
Earnings per Share Growth - Adjusted -9% 117% -41% -4% -22%
PE Ratio - Diluted 30.0
10.6
8.6
10.2
n/a
21.1
36.4
10.4
29.8
13.2
PEG - Diluted n/a
5.3
n/a
0.1
n/a
n/a
n/a
0.5
n/a
n/a
Tax Rate 36.70% 20.73% (22.56%) 40.39% 8.08%
Dividend Cover 1.76
1.94
1.94
1.94
1.10
1.08
6.00
6.16
1.88
1.73
Interest Cover 2.06
3.49
3.65
3.34
0.53
2.01
1.64
2.50
1.47
2.32
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 9.00p
3.68p
29.80p
26.10p
(0.095p)
0.12p
5.80p
20.34p
1.91p
4.06p
Earnings per Share - Diluted 8.80p
3.61p
28.80p
25.22p
(0.095p)
0.11p
5.80p
20.34p
1.88p
3.62p
Earnings per Share - Adjusted 23.00p 25.40p 0.12p 19.80p 5.19p
Earnings per Share Growth - Basic -70%
-86%
n/a
22,579%
n/a
-99%
204%
401%
n/a
-83%
Earnings per Share Growth - Diluted -69%
-86%
n/a
22,907%
n/a
-100%
208%
463%
n/a
-84%
Earnings per Share Growth - Adjusted -9% 21,408% -99% 282% -80%
PE Ratio - Diluted 30.0
73.2
8.6
9.9
n/a
2,095.1
36.4
10.4
119.0
61.9
PEG - Diluted n/a
n/a
n/a
0.0
n/a
n/a
0.2
0.0
n/a
n/a
Dividend Cover 1.76
0.28
1.94
1.99
0.01
0.01
6.00
6.16
0.47
0.37
Return on Equity (ROE) 2.63%
1.08%
7.20%
6.31%
(0.03%)
0.04%
1.99%
5.88%
0.57%
1.10%
Operating Cash Flow per Share 94.48p 44.41p 106.02p 62.15p 47.46p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 21.66p (28.96p) 0.22p (5.71p) (6.94p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 13.10p 13.10p 10.60p 3.30p 11.00p
Dividend per Share Growth n/a 23.58% 221.21% (70.00%) (16.67%)
Dividend Yield 5.0% 5.3% 4.6% 1.6% 4.9%
Shareholders Funds 7,253.00 8,423.00 6,356.00 7,277.00 7,782.00
Net Borrowings (Millions) 5,826.00 6,557.00 5,363.00 6,076.00 6,370.00
Net Asset Value per Share (inc. Intangibles) 269.35p 326.48p 246.24p 285.51p 306.65p

  (Millions) (Millions) (Millions) (Millions) (Millions)
Gearing - inc Intangibles 04-Mar-23 05-Mar-22 06-Mar-21 07-Mar-20 09-Mar-19
Shareholders' Funds inc Intangibles 7,253.00 8,423.00 6,356.00 7,277.00 7,782.00
Net Borrowings (Millions) 5,826.00 6,557.00 5,363.00 6,076.00 6,370.00
Net Gearing 80.33% 77.85% 84.38% 83.50% 81.86%
Cash & Near Cash 1,319.00 825.00 1,477.00 994.00 1,121.00
Cash 18.19% 9.79% 23.24% 13.66% 14.41%
Gross Borrowings 7,145.00 7,382.00 6,840.00 7,070.00 7,491.00
Gross Gearing 98.51% 87.64% 107.61% 97.16% 96.26%
Borrowings Under 5 years 7,145.00 7,382.00 6,840.00 7,070.00 7,491.00
Under 5 years 98.51% 87.64% 107.61% 97.16% 96.26%
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 04-Mar-23 05-Mar-22 06-Mar-21 07-Mar-20 09-Mar-19
Shareholders' Funds exc Intangibles 6,229.00 7,417.00 5,442.00 6,303.00 6,739.00
Net Borrowings (Millions) 5,826.00 6,557.00 5,363.00 6,076.00 6,370.00
Net Gearing 93.53% 88.41% 98.55% 96.40% 94.52%
Cash & Near Cash 1,319.00 825.00 1,477.00 994.00 1,121.00
Cash 21.18% 11.12% 27.14% 15.77% 16.63%
Gross Borrowings 7,145.00 7,382.00 6,840.00 7,070.00 7,491.00
Gross Gearing 114.71% 99.53% 125.69% 112.17% 111.16%
Borrowings Under 5 years 7,145.00 7,382.00 6,840.00 7,070.00 7,491.00
Under 5 years 114.71% 99.53% 125.69% 112.17% 111.16%
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 04-Mar-23 05-Mar-22 06-Mar-21 07-Mar-20 09-Mar-19
Quick Ratio 0.52 0.50 0.46 0.49 0.48
Current Ratio 0.68 0.68 0.60 0.63 0.64

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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