United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

 1,094.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,135.00
  • 52 Week Low: 958.80
  • Currency: UK Pounds
  • Shares Issued: 681.89m
  • Volume: 0
  • Market Cap: £7,463m
  • RiskGrade: 118
  • Beta: 0.79

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-24 31-Mar-23 31-Mar-21 31-Mar-20 31-Mar-19
Annualisation Factor 1.0 0.5 n/a 1.0 1.0
Dividend Yield 4.8% 4.3% 4.7% 4.7% 5.1%
           
Continuing Operations          
PE Ratio - Adjusted 30.9 n/a 16.5 12.7 13.6
PE Ratio - Diluted 55.3
40.0		 35.3
n/a		 14.0
15.2		 57.9
12.7		 15.3
13.6
PEG - Adjusted n/a n/a n/a 0.7 0.4
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
n/a		 n/a
0.7		 7.7
0.4
Return on Capital Employed 4.03%
3.42%		 2.02%
0.71%		 0.05%
0.05%		 4.66%
7.86%		 5.41%
5.83%
Operating Margin 24.30%
24.30%		 26.16%
10.05%		 35.54%
35.54%		 32.87%
53.28%		 34.91%
37.66%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 30.9 n/a 1,632.0 12.7 13.6
PE Ratio - Diluted 55.3
40.0		 70.7
n/a		 1,383.4
1,504.4		 57.9
12.7		 15.3
13.6
PEG - Adjusted n/a n/a n/a 0.7 0.0
PEG - Diluted 2.3
n/a		 0.0
n/a		 n/a
n/a		 n/a
0.7		 0.1
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-24 31-Mar-23 31-Mar-21 31-Mar-20 31-Mar-19
Net Gearing 418.37% 322.68% 254.30% 264.51% 240.34%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-24 31-Mar-23 31-Mar-21 31-Mar-20 31-Mar-19
Price/Book Value 3.6 3.1 2.2 2.2 1.9
Price/Tangible Book Value 3.6 3.1 2.2 2.2 1.9
Price/ Cash Flow 9.4 9.2 7.3 7.6 6.7
Price/Revenue 3.60 8.01 345.92 3.31 3.05
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 283.27p 347.03p 417.94p 406.67p 426.47p
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-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 1,949.50 902.10 18.25 1,859.30 1,818.50
EBITDA 912.50
912.50		 447.80
302.50		 10.75
10.75		 611.20
990.70		 1,028.10
1,078.00
Depreciation (438.80)
(438.80)		 (211.80)
(211.80)		 (4.26)
(4.26)		 n/a
n/a		 (393.20)
(393.20)
Net Interest (303.70)
(303.70)		 (107.85)
(107.85)		 (0.83)
(0.83)		 (308.00)
(308.00)		 (205.40)
(231.20)
Profit Before Tax 170.00
170.00		 128.15
(17.15)		 5.56
5.19		 303.20
682.70		 436.20
460.30
           
Revenue per Share 285.89p 132.29p 2.68p 272.67p 266.68p
Pre-Tax Profit per Share 24.93p
24.93p		 18.79p
(2.52p)		 0.82p
0.76p		 44.46p
100.12p		 63.97p
67.50p
Market Capitalisation £ (Millions) 7,016.75 7,228.14 6,313.03 8,629.87 7,784.85
Enterprise Value (EV) £ (Millions) 16,896.75 15,516.14 14,743.53 16,955.17 15,482.95
EBITDA/EV 5.40%
5.40%		 2.89%
1.95%		 0.07%
0.07%		 3.60%
5.84%		 6.64%
6.96%
Operating Margin 24.30%
24.30%		 26.16%
10.05%		 35.54%
35.54%		 32.87%
53.28%		 34.91%
37.66%
Capital Employed £ (Millions) 13,863.60 12,849.90 12,751.20 12,598.80 11,869.90
Return on Capital Employed 4.03%
3.42%		 2.02%
0.71%		 0.05%
0.05%		 4.66%
7.86%		 5.41%
5.83%
Invested Equity Capital £ (Millions) 3,986.70 4,556.80 4,480.50 4,424.70 4,256.80
           
Earnings per Share - Basic 18.60p
25.78p		 30.00p
(1.28p)		 66.50p
61.11p		 15.70p
71.31p		 53.30p
59.82p
Earnings per Share - Diluted 18.60p
25.72p		 30.00p
(1.27p)		 66.30p
60.97p		 15.60p
71.14p		 53.20p
59.69p
Earnings per Share - Adjusted 33.33p (1.30)p 56.20p 71.30p 59.80p
Earnings per Share Growth - Basic -38%
n/a		 -55%
n/a		 324%
-14%		 -70%
19%		 2%
35%
Earnings per Share Growth - Diluted -38%
n/a		 -55%
n/a		 325%
-14%		 -71%
19%		 2%
35%
Earnings per Share Growth - Adjusted n/a n/a -21% 19% 34%
PE Ratio - Diluted 55.3
40.0		 35.3
n/a		 14.0
15.2		 57.9
12.7		 15.3
13.6
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
n/a		 n/a
0.7		 7.7
0.4
Tax Rate 25.35% 20.05% 17.42% 64.78% 16.95%
Dividend Cover 0.67
0.52		 (0.03)
(0.03)		 1.30
1.41		 1.67
1.67		 1.45
1.45
Interest Cover 1.44
1.44		 1.98
0.87		 6.14
5.80		 1.98
3.22		 2.96
3.40
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 18.60p
25.78p		 15.00p
(0.64p)		 0.67p
0.62p		 15.70p
71.31p		 53.30p
59.82p
Earnings per Share - Diluted 18.60p
25.72p		 15.00p
(0.64p)		 0.67p
0.61p		 15.60p
71.14p		 53.20p
59.69p
Earnings per Share - Adjusted 33.33p (0.65p) 0.57p 71.30p 59.80p
Earnings per Share Growth - Basic 24%
n/a		 2,135%
n/a		 -96%
-99%		 -70%
19%		 208%
305%
Earnings per Share Growth - Diluted 24%
n/a		 2,141%
n/a		 -96%
-99%		 -71%
19%		 208%
305%
Earnings per Share Growth - Adjusted n/a n/a -99% 19% 302%
PE Ratio - Diluted 55.3
40.0		 70.7
n/a		 1,383.4
1,504.4		 57.9
12.7		 15.3
13.6
PEG - Diluted 2.3
n/a		 0.0
n/a		 n/a
n/a		 n/a
0.7		 0.1
0.0
Dividend Cover 0.67
0.52		 (0.01)
(0.01)		 0.01
0.01		 1.67
1.67		 1.45
1.45
Return on Equity (ROE) 3.18%
4.41%		 2.25%
(0.10%)		 0.10%
0.09%		 2.41%
10.99%		 8.54%
9.58%
Operating Cash Flow per Share 109.27p 115.49p 126.03p 118.83p 122.06p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 154.19p 8.00p 0.33p 27.66p (25.34p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 49.78p 45.51p 43.24p 42.60p 41.28p
Dividend per Share Growth 9.38% 5.25% 1.50% 3.20% 3.90%
Dividend Yield 4.8% 4.3% 4.7% 4.7% 5.1%
Shareholders Funds 2,056.10 2,508.70 3,031.00 2,962.10 3,110.80
Net Borrowings £ (Millions) 8,602.10 8,095.00 7,707.70 7,835.00 7,476.50
Net Asset Value per Share (inc. Intangibles) 283.27p 347.03p 417.94p 406.67p 426.47p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-24 31-Mar-23 31-Mar-21 31-Mar-20 31-Mar-19
Shareholders' Funds inc Intangibles 2,056.10 2,508.70 3,031.00 2,962.10 3,110.80
Net Borrowings £ (Millions) 8,602.10 8,095.00 7,707.70 7,835.00 7,476.50
Net Gearing 418.37% 322.68% 254.30% 264.51% 240.34%
Cash & Near Cash 1,399.30 340.40 744.10 528.10 339.30
Cash 68.06% 13.57% 24.55% 17.83% 10.91%
Gross Borrowings 10,001.40 8,435.40 8,451.80 8,363.10 7,815.80
Gross Gearing 486.43% 336.25% 278.85% 282.34% 251.25%
Borrowings Under 5 years 10,001.40 8,435.40 8,451.80 8,363.10 7,815.80
Under 5 years 486.43% 336.25% 278.85% 282.34% 251.25%
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-21 31-Mar-20 31-Mar-19
Shareholders' Funds exc Intangibles 1,931.60 2,366.40 2,849.90 2,773.10 2,908.10
Net Borrowings £ (Millions) 8,602.10 8,095.00 7,707.70 7,835.00 7,476.50
Net Gearing 445.34% 342.08% 270.46% 282.54% 257.09%
Cash & Near Cash 1,399.30 340.40 744.10 528.10 339.30
Cash 72.44% 14.38% 26.11% 19.04% 11.67%
Gross Borrowings 10,001.40 8,435.40 8,451.80 8,363.10 7,815.80
Gross Gearing 517.78% 356.47% 296.56% 301.58% 268.76%
Borrowings Under 5 years 10,001.40 8,435.40 8,451.80 8,363.10 7,815.80
Under 5 years 517.78% 356.47% 296.56% 301.58% 268.76%
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-21 31-Mar-20 31-Mar-19
Quick Ratio 1.58 1.18 1.00 0.67 0.67
Current Ratio 1.60 1.20 1.02 0.69 0.69

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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