Schroders (SDR)

Sector:

Financials

Index:

FTSE 100

373.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 469.00p
  • 52 Week Low: 347.20p
  • Currency: UK Pounds
  • Shares Issued: 282.50m
  • Volume: 2,052,781
  • Market Cap: £1,053.73m
  • RiskGrade: 108

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 5.0% 4.9% 3.0% 17.1% 3.4%
           
Continuing Operations          
PE Ratio - Adjusted 17.5 14.3 3.7 3.3 16.5
PE Ratio - Diluted 17.8
2.7		 14.6
2.3		 3.7
18.7		 3.9
3.5		 19.0
3.3
PEG - Adjusted n/a n/a n/a 0.0 n/a
PEG - Diluted n/a
n/a		 n/a
0.0		 0.3
n/a		 0.0
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 23.32%
24.63%		 19.62%
21.54%		 22.91%
22.91%		 22.58%
24.79%		 24.62%
27.64%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.5 14.3 364.5 3.3 16.5
PE Ratio - Diluted 17.8
1.8		 14.6
2.3		 370.3
1,853.0		 3.9
3.5		 19.0
3.3
PEG - Adjusted n/a 0.0 n/a 0.0 0.2
PEG - Diluted n/a
0.1		 0.0
0.0		 n/a
n/a		 0.0
n/a		 0.2
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 18.08% 10.46% 1.13% 6.52% 8.41%

  £ (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 0.5 0.5 3.5 0.6 0.7
Price/Tangible Book Value 0.5 0.5 3.6 0.6 0.7
Price/ Cash Flow (5.0) 1.2 9.1 2.2 1.8
Price/Revenue 0.41 0.42 376.60 0.73 0.73
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 930.53p 923.32p 206.14p 1,041.96p 982.66p
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 2,936.70 2,891.70 29.87 2,512.70 2,537.00
EBITDA 847.60
886.20		 736.20
791.70		 8.49
8.49		 736.20
791.70		 624.60
701.20
Depreciation (162.80)
(162.80)		 (168.80)
(168.80)		 (1.64)
(1.64)		 (168.80)
(168.80)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 (0.02)
(0.02)		 n/a
n/a		 n/a
n/a
Profit Before Tax 487.60
526.20		 586.90
642.40		 7.71
7.71		 610.50
666.00		 624.60
701.20
           
Revenue per Share 1,059.80p 1,046.96p 1.89p 909.74p 918.54p
Pre-Tax Profit per Share 175.97p
189.90p		 212.49p
232.59p		 0.49p
0.49p		 221.03p
241.13p		 226.14p
253.87p
Market Capitalisation £ (Millions) 1,214.47 1,231.70 2,011.40 1,885.40 1,883.71
Enterprise Value (EV) £ (Millions) 6,381.87 5,714.10 7,178.80 6,367.80 5,840.11
EBITDA/EV 13.28%
13.89%		 12.88%
13.86%		 0.12%
0.12%		 11.56%
12.43%		 10.70%
12.01%
Operating Margin 23.32%
24.63%		 19.62%
21.54%		 22.91%
22.91%		 22.58%
24.79%		 24.62%
27.64%
Capital Employed £ (Millions) 7,626.70 8,215.60 8,531.80 7,418.20 6,718.90
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) 4,497.80 4,413.80 4,393.10 4,143.80 3,895.90
           
Earnings per Share - Basic 24.60p
159.22p		 30.40p
196.13p		 193.50p
38.73p		 172.40p
196.05p		 35.78p
206.63p
Earnings per Share - Diluted 24.20p
156.51p		 29.90p
192.57p		 190.50p
38.06p		 169.30p
192.50p		 35.16p
203.02p
Earnings per Share - Adjusted 24.60p 30.40p 193.50p 200.80p 40.32p
Earnings per Share Growth - Basic -19%
-19%		 -84%
406%		 12%
-80%		 382%
-5%		 -2%
-5%
Earnings per Share Growth - Diluted -19%
-19%		 -84%
406%		 12%
-80%		 382%
-5%		 -2%
-4%
Earnings per Share Growth - Adjusted -19% -84% -4% 398% -7%
PE Ratio - Diluted 17.8
2.7		 14.6
2.3		 3.7
18.7		 3.9
3.5		 19.0
3.3
PEG - Diluted n/a
n/a		 n/a
0.0		 0.3
n/a		 0.0
n/a		 n/a
n/a
Tax Rate 34.36% 22.89% 20.76% 21.94% 20.64%
Dividend Cover 1.14
7.41		 1.41
9.12		 9.04
1.81		 1.76
1.72		 1.77
9.06
Interest Cover n/a
n/a		 n/a
n/a		 383.05
383.05		 n/a
n/a		 n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 24.60p
239.05p		 30.40p
196.05p		 1.95p
0.39p		 172.40p
196.05p		 35.78p
206.63p
Earnings per Share - Diluted 24.20p
234.98p		 29.90p
192.50p		 1.92p
0.38p		 169.30p
192.50p		 35.16p
203.02p
Earnings per Share - Adjusted 24.60p 30.40p 1.95p 200.80p 40.32p
Earnings per Share Growth - Basic -19%
22%		 1,456%
50,055%		 -99%
-100%		 382%
-5%		 95%
91%
Earnings per Share Growth - Diluted -19%
22%		 1,455%
50,000%		 -99%
-100%		 382%
-5%		 96%
91%
Earnings per Share Growth - Adjusted -19% 1,456% -99% 398% 87%
PE Ratio - Diluted 17.8
1.8		 14.6
2.3		 370.3
1,853.0		 3.9
3.5		 19.0
3.3
PEG - Diluted n/a
0.1		 0.0
0.0		 n/a
n/a		 0.0
n/a		 0.2
0.0
Dividend Cover 1.14
11.12		 1.41
9.12		 0.09
0.02		 1.76
1.72		 1.77
9.06
Return on Equity (ROE) 13.87%
14.73%		 11.01%
12.27%		 0.14%
0.14%		 11.73%
13.07%		 12.72%
14.65%
Operating Cash Flow per Share (85.93p) 352.21p 78.11p 301.41p 362.78p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (340.17p) (59.49p) 0.59p 200.11p 136.39p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 21.50p 21.50p 21.40p 114.00p 22.80p
Dividend per Share Growth n/a 0.47% (81.23%) 400.00% n/a
Dividend Yield 5.0% 4.9% 3.0% 17.1% 3.4%
Shareholders Funds 4,390.60 4,355.90 4,285.90 4,085.90 3,847.50
Net Borrowings £ (Millions) 1,064.40 (562.90) 48.40 266.20 323.50
Net Asset Value per Share (inc. Intangibles) 904.15p 878.49p 197.29p 1,041.96p 982.66p

  £ (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 4,390.60 4,355.90 4,285.90 4,085.90 3,847.50
Net Borrowings £ (Millions) 1,064.40 (562.90) 48.40 266.20 323.50
Net Gearing 18.08% 10.46% 1.13% 6.52% 8.41%
Cash & Near Cash 4,103.00 5,045.30 5,119.00 4,216.20 3,632.90
Cash 93.45% 115.83% 119.44% 103.19% 94.42%
Gross Borrowings 5,167.40 4,482.40 5,167.40 4,482.40 3,956.40
Gross Gearing 111.53% 126.29% 120.57% 109.70% 102.83%
Borrowings Under 5 years 5,167.40 4,482.40 5,167.40 4,482.40 3,956.40
Under 5 years 117.69% 102.90% 120.57% 109.70% 102.83%
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 2,505.40 2,426.40 3,117.40 2,877.90 2,714.10
Net Borrowings £ (Millions) 1,064.40 (562.90) 48.40 266.20 323.50
Net Gearing 31.69% 18.79% 1.55% 9.25% 11.92%
Cash & Near Cash 4,103.00 5,045.30 5,119.00 4,216.20 3,632.90
Cash 163.77% 207.93% 164.21% 146.50% 133.85%
Gross Borrowings 5,167.40 4,482.40 5,167.40 4,482.40 3,956.40
Gross Gearing 195.45% 226.72% 165.76% 155.75% 145.77%
Borrowings Under 5 years 5,167.40 4,482.40 5,167.40 4,482.40 3,956.40
Under 5 years 206.25% 184.73% 165.76% 155.75% 145.77%
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 n/a n/a n/a n/a n/a
Current Ratio n/a n/a 117.24 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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