Severn Trent (SVT)

Sector:

Utilities

Index:

FTSE 100

2,606.00p
   
  • Change Today:
      32.00p
  • 52 Week High: 2,947.00
  • 52 Week Low: 2,265.00
  • Currency: UK Pounds
  • Shares Issued: 299.10m
  • Volume: 251,337
  • Market Cap: £7,794m
  • RiskGrade: 109

Key Financials

  £ (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 0.2
Dividend Yield 3.7% 3.3% 4.4% 4.4% 4.7%
           
Continuing Operations          
PE Ratio - Adjusted 49.5 32.0 21.9 15.6 13.6
PE Ratio - Diluted 54.8
49.7		 n/a
32.0		 26.0
22.0		 34.4
15.8		 14.8
13.6
PEG - Adjusted n/a n/a n/a n/a 0.4
PEG - Diluted n/a
n/a		 n/a
n/a		 0.8
n/a		 n/a
n/a		 0.1
0.1
Return on Capital Employed 5.69%
5.46%		 5.99%
5.55%		 0.05%
0.06%		 5.97%
8.20%		 1.86%
1.95%
Operating Margin 24.50%
23.50%		 28.08%
25.99%		 25.62%
26.34%		 27.07%
37.19%		 32.78%
34.40%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 49.5 32.0 2,167.5 15.6 54.2
PE Ratio - Diluted 54.8
49.7		 n/a
32.0		 2,578.5
2,178.9		 34.4
15.8		 59.4
54.4
PEG - Adjusted n/a 0.0 n/a 0.1 n/a
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 0.3
0.1		 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 748.96% 523.44% 576.07% 513.35% 516.55%

  £ (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 10.4 7.7 6.2 5.4 4.9
Price/Tangible Book Value 10.4 7.7 6.2 5.4 4.9
Price/ Cash Flow 9.6 8.6 6.2 6.1 5.5
Price/Revenue 3.33 3.93 297.69 2.94 10.57
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 275.92p 400.52p 370.98p 419.54p 401.61p
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 2,165.10 1,943.30 18.44 1,843.50 441.55
EBITDA 947.80
926.10		 947.30
906.60		 8.56
8.67		 499.10
685.60		 144.73
151.87
Depreciation (417.30)
(417.30)		 (401.60)
(401.60)		 (3.83)
(3.81)		 n/a
n/a		 n/a
n/a
Net Interest (362.60)
(362.60)		 (269.40)
(269.40)		 (1.89)
(1.89)		 (188.40)
(188.40)		 (48.52)
(48.52)
Profit Before Tax 167.90
146.20		 274.10
233.40		 2.70
2.83		 310.70
497.20		 96.11
103.25
           
Revenue per Share 863.28p 783.90p 7.75p 774.58p 186.86p
Pre-Tax Profit per Share 66.95p
58.29p		 110.57p
94.15p		 1.13p
1.19p		 130.55p
208.91p		 40.67p
43.70p
Market Capitalisation £ (Millions) 7,324.91 7,799.96 5,586.51 5,507.05 4,761.05
Enterprise Value (EV) £ (Millions) 14,628.01 14,503.46 12,198.61 11,937.05 10,815.15
EBITDA/EV 6.48%
6.33%		 6.53%
6.25%		 0.07%
0.07%		 4.18%
5.74%		 1.34%
1.40%
Operating Margin 24.50%
23.50%		 28.08%
25.99%		 25.62%
26.34%		 27.07%
37.19%		 32.78%
34.40%
Capital Employed £ (Millions) 9,321.20 9,066.50 8,430.40 8,357.80 7,769.90
Return on Capital Employed 5.69%
5.46%		 5.99%
5.55%		 0.05%
0.06%		 5.97%
8.20%		 1.86%
1.95%
Invested Equity Capital £ (Millions) 2,296.20 2,606.40 2,069.90 2,169.90 1,930.80
           
Earnings per Share - Basic 52.70p
58.21p		 (35.20p)
96.09p		 89.10p
105.42p		 66.70p
145.08p		 133.40p
145.53p
Earnings per Share - Diluted 52.50p
57.96p		 (35.20p)
96.09p		 88.60p
104.84p		 66.30p
144.24p		 133.20p
145.29p
Earnings per Share - Adjusted 58.20p 96.10p 105.40p 146.00p 145.80p
Earnings per Share Growth - Basic n/a
-39%		 n/a
-9%		 34%
-27%		 -50%
-0%		 176%
170%
Earnings per Share Growth - Diluted n/a
-40%		 n/a
-8%		 34%
-27%		 -50%
-1%		 177%
171%
Earnings per Share Growth - Adjusted -39% -9% -28% 0% 36%
PE Ratio - Diluted 54.8
49.7		 n/a
32.0		 26.0
22.0		 34.4
15.8		 14.8
13.6
PEG - Diluted n/a
n/a		 n/a
n/a		 0.8
n/a		 n/a
n/a		 0.1
0.1
Tax Rate 21.26% 130.76% 19.57% 48.89% 18.02%
Dividend Cover 0.54
0.54		 0.94
0.94		 1.04
1.04		 1.46
1.45		 1.56
1.56
Interest Cover 1.38
1.33		 1.85
1.72		 2.08
2.14		 2.25
3.00		 2.46
2.57
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 52.70p
58.21p		 (35.20p)
96.09p		 0.90p
1.06p		 66.70p
145.08p		 33.33p
36.36p
Earnings per Share - Diluted 52.50p
57.96p		 (35.20p)
96.09p		 0.89p
1.06p		 66.30p
144.24p		 33.28p
36.30p
Earnings per Share - Adjusted 58.20p 96.10p 1.06p 146.00p 36.42p
Earnings per Share Growth - Basic n/a
-39%		 n/a
8,930%		 -99%
-99%		 100%
299%		 -33%
-35%
Earnings per Share Growth - Diluted n/a
-40%		 n/a
8,979%		 -99%
-99%		 99%
297%		 -33%
-35%
Earnings per Share Growth - Adjusted -39% 8,933% -99% 301% -66%
PE Ratio - Diluted 54.8
49.7		 n/a
32.0		 2,578.5
2,178.9		 34.4
15.8		 59.4
54.4
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 0.3
0.1		 n/a
n/a
Dividend Cover 0.54
0.54		 0.94
0.94		 0.01
0.01		 1.46
1.45		 0.39
0.39
Return on Equity (ROE) 5.76%
6.36%		 (3.35%)
9.14%		 0.10%
0.12%		 7.32%
15.91%		 4.08%
4.45%
Operating Cash Flow per Share 298.76p 359.22p 368.96p 375.71p 360.35p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (31.50p) 25.70p (0.020p) 3.78p 0.12p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 106.82p 102.14p 101.58p 100.08p 93.37p
Dividend per Share Growth 4.58% 0.55% 1.50% 7.19% 9.98%
Dividend Yield 3.7% 3.3% 4.4% 4.4% 4.7%
Shareholders Funds 970.60 1,263.90 1,138.70 1,243.70 1,164.10
Net Borrowings £ (Millions) 7,269.40 6,615.70 6,559.70 6,384.50 6,013.20
Net Asset Value per Share (inc. Intangibles) 275.92p 400.52p 370.98p 419.54p 401.61p

  £ (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 970.60 1,263.90 1,138.70 1,243.70 1,164.10
Net Borrowings £ (Millions) 7,269.40 6,615.70 6,559.70 6,384.50 6,013.20
Net Gearing 748.96% 523.44% 576.07% 513.35% 516.55%
Cash & Near Cash 34.20 115.40 56.20 48.60 41.00
Cash 3.52% 9.13% 4.94% 3.91% 3.52%
Gross Borrowings 7,303.60 6,731.10 6,615.90 6,433.10 6,054.20
Gross Gearing 752.48% 532.57% 581.00% 517.26% 520.08%
Borrowings Under 5 years 7,303.60 6,731.10 6,615.90 6,433.10 6,054.20
Under 5 years 752.48% 532.57% 581.00% 517.26% 520.08%
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 692.00 992.90 883.30 998.50 949.00
Net Borrowings £ (Millions) 7,269.40 6,615.70 6,559.70 6,384.50 6,013.20
Net Gearing 1,050.49% 666.30% 742.64% 639.41% 633.64%
Cash & Near Cash 34.20 115.40 56.20 48.60 41.00
Cash 4.94% 11.62% 6.36% 4.87% 4.32%
Gross Borrowings 7,303.60 6,731.10 6,615.90 6,433.10 6,054.20
Gross Gearing 1,055.43% 677.92% 749.00% 644.28% 637.96%
Borrowings Under 5 years 7,303.60 6,731.10 6,615.90 6,433.10 6,054.20
Under 5 years 1,055.43% 677.92% 749.00% 644.28% 637.96%
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 0.73 0.71 0.53 0.57 0.75
Current Ratio 0.76 0.74 0.56 0.60 0.78

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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