Severn Trent (SVT)

Sector:

Utilities

Index:

FTSE 100

2,513.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 2,728.00p
  • 52 Week Low: 2,321.00p
  • Currency: UK Pounds
  • Shares Issued: 300.18m
  • Volume: 887,795
  • Market Cap: £7,543m
  • RiskGrade: 109
  • Beta: 0.02

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 4.7% 3.7% 3.3% 4.4% 4.4%
           
Continuing Operations          
PE Ratio - Adjusted 31.1 49.5 32.0 21.9 15.6
PE Ratio - Diluted 48.5
31.2		 54.8
49.7		 n/a
32.0		 26.0
22.0		 34.4
15.8
PEG - Adjusted 0.9 n/a n/a n/a n/a
PEG - Diluted n/a
0.8		 n/a
n/a		 n/a
n/a		 0.8
n/a		 n/a
n/a
Return on Capital Employed 4.31%
4.51%		 5.69%
5.46%		 5.99%
5.55%		 0.05%
0.06%		 5.97%
8.20%
Operating Margin 20.65%
21.61%		 24.50%
23.50%		 28.08%
25.99%		 25.62%
26.34%		 27.07%
37.19%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 31.1 49.5 32.0 2,167.5 15.6
PE Ratio - Diluted 48.5
31.2		 54.8
49.7		 n/a
32.0		 2,578.5
2,178.9		 34.4
15.8
PEG - Adjusted 0.9 n/a 0.0 n/a 0.1
PEG - Diluted n/a
0.8		 n/a
n/a		 n/a
0.0		 n/a
n/a		 0.3
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Gearing 398.58% 748.96% 523.44% 576.07% 513.35%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Price/Book Value 4.4 10.4 7.7 6.2 5.4
Price/Tangible Book Value 4.4 10.4 7.7 6.2 5.4
Price/ Cash Flow 8.3 9.6 8.6 6.2 6.1
Price/Revenue 2.90 3.33 3.93 297.69 2.94
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 558.28p 275.92p 400.52p 370.98p 419.54p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 2,338.20 2,165.10 1,943.30 18.44 1,843.50
EBITDA 911.10
933.50		 947.80
926.10		 947.30
906.60		 8.56
8.67		 499.10
685.60
Depreciation (428.30)
(428.30)		 (417.30)
(417.30)		 (401.60)
(401.60)		 (3.83)
(3.81)		 n/a
n/a
Net Interest (281.50)
(281.50)		 (362.60)
(362.60)		 (269.40)
(269.40)		 (1.89)
(1.89)		 (188.40)
(188.40)
Profit Before Tax 201.30
223.70		 167.90
146.20		 274.10
233.40		 2.70
2.83		 310.70
497.20
           
Revenue per Share 850.56p 863.28p 783.90p 7.75p 774.58p
Pre-Tax Profit per Share 73.23p
81.38p		 66.95p
58.29p		 110.57p
94.15p		 1.13p
1.19p		 130.55p
208.91p
Market Capitalisation £ (Millions) 7,453.05 7,324.91 7,799.96 5,586.51 5,507.05
Enterprise Value (EV) £ (Millions) 15,716.25 14,628.01 14,503.46 12,198.61 11,937.05
EBITDA/EV 5.80%
5.94%		 6.48%
6.33%		 6.53%
6.25%		 0.07%
0.07%		 4.18%
5.74%
Operating Margin 20.65%
21.61%		 24.50%
23.50%		 28.08%
25.99%		 25.62%
26.34%		 27.07%
37.19%
Capital Employed £ (Millions) 11,192.00 9,321.20 9,066.50 8,430.40 8,357.80
Return on Capital Employed 4.31%
4.51%		 5.69%
5.46%		 5.99%
5.55%		 0.05%
0.06%		 5.97%
8.20%
Invested Equity Capital £ (Millions) 3,228.10 2,296.20 2,606.40 2,069.90 2,169.90
           
Earnings per Share - Basic 51.00p
79.37p		 52.70p
58.21p		 (35.20p)
96.09p		 89.10p
105.42p		 66.70p
145.08p
Earnings per Share - Diluted 50.90p
79.14p		 52.50p
57.96p		 (35.20p)
96.09p		 88.60p
104.84p		 66.30p
144.24p
Earnings per Share - Adjusted 79.40p 58.20p 96.10p 105.40p 146.00p
Earnings per Share Growth - Basic -3%
36%		 n/a
-39%		 n/a
-9%		 34%
-27%		 -50%
-0%
Earnings per Share Growth - Diluted -3%
37%		 n/a
-40%		 n/a
-8%		 34%
-27%		 -50%
-1%
Earnings per Share Growth - Adjusted 36% -39% -9% -28% 0%
PE Ratio - Diluted 48.5
31.2		 54.8
49.7		 n/a
32.0		 26.0
22.0		 34.4
15.8
PEG - Diluted n/a
0.8		 n/a
n/a		 n/a
n/a		 0.8
n/a		 n/a
n/a
Tax Rate 30.35% 21.26% 130.76% 19.57% 48.89%
Dividend Cover 0.68
0.68		 0.54
0.54		 0.94
0.94		 1.04
1.04		 1.46
1.45
Interest Cover 1.50
1.55		 1.38
1.33		 1.85
1.72		 2.08
2.14		 2.25
3.00
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 51.00p
79.37p		 52.70p
58.21p		 (35.20p)
96.09p		 0.90p
1.06p		 66.70p
145.08p
Earnings per Share - Diluted 50.90p
79.14p		 52.50p
57.96p		 (35.20p)
96.09p		 0.89p
1.06p		 66.30p
144.24p
Earnings per Share - Adjusted 79.40p 58.20p 96.10p 1.06p 146.00p
Earnings per Share Growth - Basic -3%
36%		 n/a
-39%		 n/a
8,930%		 -99%
-99%		 100%
299%
Earnings per Share Growth - Diluted -3%
37%		 n/a
-40%		 n/a
8,979%		 -99%
-99%		 99%
297%
Earnings per Share Growth - Adjusted 36% -39% 8,933% -99% 301%
PE Ratio - Diluted 48.5
31.2		 54.8
49.7		 n/a
32.0		 2,578.5
2,178.9		 34.4
15.8
PEG - Diluted n/a
0.8		 n/a
n/a		 n/a
0.0		 n/a
n/a		 0.3
0.1
Dividend Cover 0.68
0.68		 0.54
0.54		 0.94
0.94		 0.01
0.01		 1.46
1.45
Return on Equity (ROE) 4.34%
6.76%		 5.76%
6.36%		 (3.35%)
9.14%		 0.10%
0.12%		 7.32%
15.91%
Operating Cash Flow per Share 295.85p 298.76p 359.22p 368.96p 375.71p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 335.65p (31.50p) 25.70p (0.020p) 3.78p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 116.84p 106.82p 102.14p 101.58p 100.08p
Dividend per Share Growth 9.38% 4.58% 0.55% 1.50% 7.19%
Dividend Yield 4.7% 3.7% 3.3% 4.4% 4.4%
Shareholders Funds 1,834.00 970.60 1,263.90 1,138.70 1,243.70
Net Borrowings £ (Millions) 7,310.00 7,269.40 6,615.70 6,559.70 6,384.50
Net Asset Value per Share (inc. Intangibles) 558.28p 275.92p 400.52p 370.98p 419.54p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds inc Intangibles 1,834.00 970.60 1,263.90 1,138.70 1,243.70
Net Borrowings £ (Millions) 7,310.00 7,269.40 6,615.70 6,559.70 6,384.50
Net Gearing 398.58% 748.96% 523.44% 576.07% 513.35%
Cash & Near Cash 953.20 34.20 115.40 56.20 48.60
Cash 51.97% 3.52% 9.13% 4.94% 3.91%
Gross Borrowings 8,263.20 7,303.60 6,731.10 6,615.90 6,433.10
Gross Gearing 450.56% 752.48% 532.57% 581.00% 517.26%
Borrowings Under 5 years 8,263.20 7,303.60 6,731.10 6,615.90 6,433.10
Under 5 years 450.56% 752.48% 532.57% 581.00% 517.26%
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 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds exc Intangibles 1,534.70 692.00 992.90 883.30 998.50
Net Borrowings £ (Millions) 7,310.00 7,269.40 6,615.70 6,559.70 6,384.50
Net Gearing 476.31% 1,050.49% 666.30% 742.64% 639.41%
Cash & Near Cash 953.20 34.20 115.40 56.20 48.60
Cash 62.11% 4.94% 11.62% 6.36% 4.87%
Gross Borrowings 8,263.20 7,303.60 6,731.10 6,615.90 6,433.10
Gross Gearing 538.42% 1,055.43% 677.92% 749.00% 644.28%
Borrowings Under 5 years 8,263.20 7,303.60 6,731.10 6,615.90 6,433.10
Under 5 years 538.42% 1,055.43% 677.92% 749.00% 644.28%
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-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Quick Ratio 2.09 0.73 0.71 0.53 0.57
Current Ratio 2.14 0.76 0.74 0.56 0.60

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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