United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

1,067.50p
   
  • Change Today:
      18.50p
  • 52 Week High: 1,125.00p
  • 52 Week Low: 900.80p
  • Currency: UK Pounds
  • Shares Issued: 681.89m
  • Volume: 793,543
  • Market Cap: £7,279m
  • RiskGrade: 118
  • Beta: 0.01

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15
Annualisation Factor n/a 1.0 1.0 0.3 1.0
Dividend Yield 4.7% 4.7% 5.1% 5.6% 4.0%
           
Continuing Operations          
PE Ratio - Adjusted 16.5 12.7 13.6 16.0 18.0
PE Ratio - Diluted 14.0
15.2		 57.9
12.7		 15.3
13.6		 13.8
16.2		 23.5
23.1
PEG - Adjusted n/a 0.7 0.4 n/a 1.1
PEG - Diluted 0.0
n/a		 n/a
0.7		 7.7
0.4		 0.4
1.6		 n/a
n/a
Return on Capital Employed 0.05%
0.05%		 4.66%
7.86%		 5.41%
5.83%		 1.81%
1.63%		 6.55%
6.71%
Operating Margin 35.54%
35.54%		 32.87%
53.28%		 34.91%
37.66%		 36.66%
32.94%		 37.98%
38.94%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 1,632.0 12.7 13.6 48.1 18.0
PE Ratio - Diluted 1,383.4
1,504.4		 57.9
12.7		 15.3
13.6		 41.4
48.6		 23.5
23.1
PEG - Adjusted n/a 0.7 0.0 n/a 1.1
PEG - Diluted n/a
n/a		 n/a
0.7		 0.1
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15
Net Gearing 254.30% 264.51% 240.34% 250.85% 262.96%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15
Price/Book Value 2.2 2.2 1.9 1.8 2.8
Price/Tangible Book Value 2.2 2.2 1.9 1.8 2.8
Price/ Cash Flow 7.3 7.6 6.7 6.0 9.0
Price/Revenue 345.92 3.31 3.05 8.44 3.70
Price/R&D n/a n/a n/a n/a 3,029.6
Net Asset Value per Share (exc. Intangibles) 417.94p 406.67p 426.47p 403.75p 335.75p
Net Cash per Share n/a n/a n/a n/a 0.31p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15
Continuing Operations          
Revenue 18.25 1,859.30 1,818.50 578.07 1,720.20
EBITDA 10.75
10.75		 611.20
990.70		 1,028.10
1,078.00		 211.94
190.43		 300.70
317.30
Depreciation (4.26)
(4.26)		 n/a
n/a		 (393.20)
(393.20)		 n/a
n/a		 352.60
352.60
Net Interest (0.83)
(0.83)		 (308.00)
(308.00)		 (205.40)
(231.20)		 (68.80)
(68.80)		 (316.80)
(326.70)
Profit Before Tax 5.56
5.19		 303.20
682.70		 436.20
460.30		 143.90
122.39		 341.60
348.30
           
Revenue per Share 2.68p 272.67p 266.68p 84.77p 252.27p
Pre-Tax Profit per Share 0.82p
0.76p		 44.46p
100.12p		 63.97p
67.50p		 21.10p
17.95p		 50.09p
51.08p
Market Capitalisation £ (Millions) 6,313.03 8,629.87 7,784.85 4,878.23 6,362.13
Enterprise Value (EV) £ (Millions) 14,743.53 16,955.17 15,482.95 12,428.33 13,006.53
EBITDA/EV 0.07%
0.07%		 3.60%
5.84%		 6.64%
6.96%		 1.71%
1.53%		 2.31%
2.44%
Operating Margin 35.54%
35.54%		 32.87%
53.28%		 34.91%
37.66%		 36.66%
32.94%		 37.98%
38.94%
Capital Employed £ (Millions) 12,751.20 12,598.80 11,869.90 11,764.30 10,058.70
Return on Capital Employed 0.05%
0.05%		 4.66%
7.86%		 5.41%
5.83%		 1.81%
1.63%		 6.55%
6.71%
Invested Equity Capital £ (Millions) 4,480.50 4,424.70 4,256.80 4,049.70 3,558.20
           
Earnings per Share - Basic 66.50p
61.11p		 15.70p
71.31p		 53.30p
59.82p		 52.00p
44.32p		 39.80p
40.42p
Earnings per Share - Diluted 66.30p
60.97p		 15.60p
71.14p		 53.20p
59.69p		 51.90p
44.24p		 39.70p
40.34p
Earnings per Share - Adjusted 56.20p 71.30p 59.80p 44.70p 51.90p
Earnings per Share Growth - Basic 324%
-14%		 -70%
19%		 2%
35%		 31%
10%		 -63%
-35%
Earnings per Share Growth - Diluted 325%
-14%		 -71%
19%		 2%
35%		 31%
10%		 -63%
-35%
Earnings per Share Growth - Adjusted -21% 19% 34% -14% 16%
PE Ratio - Diluted 14.0
15.2		 57.9
12.7		 15.3
13.6		 13.8
16.2		 23.5
23.1
PEG - Diluted 0.0
n/a		 n/a
0.7		 7.7
0.4		 0.4
1.6		 n/a
n/a
Tax Rate 17.42% 64.78% 16.95% 18.03% 20.92%
Dividend Cover 1.30
1.41		 1.67
1.67		 1.45
1.45		 1.13
1.12		 1.38
1.07
Interest Cover 6.14
5.80		 1.98
3.22		 2.96
3.40		 2.98
2.68		 2.07
2.06
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 0.67p
0.62p		 15.70p
71.31p		 53.30p
59.82p		 17.32p
14.76p		 39.80p
40.42p
Earnings per Share - Diluted 0.67p
0.61p		 15.60p
71.14p		 53.20p
59.69p		 17.28p
14.73p		 39.70p
40.34p
Earnings per Share - Adjusted 0.57p 71.30p 59.80p 14.89p 51.90p
Earnings per Share Growth - Basic -96%
-99%		 -70%
19%		 208%
305%		 -56%
-64%		 -63%
-35%
Earnings per Share Growth - Diluted -96%
-99%		 -71%
19%		 208%
305%		 -56%
-64%		 -63%
-35%
Earnings per Share Growth - Adjusted -99% 19% 302% -71% 16%
PE Ratio - Diluted 1,383.4
1,504.4		 57.9
12.7		 15.3
13.6		 41.4
48.6		 23.5
23.1
PEG - Diluted n/a
n/a		 n/a
0.7		 0.1
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 0.01
0.01		 1.67
1.67		 1.45
1.45		 0.37
0.37		 1.38
1.07
Return on Equity (ROE) 0.10%
0.09%		 2.41%
10.99%		 8.54%
9.58%		 2.92%
2.49%		 7.62%
7.75%
Operating Cash Flow per Share 126.03p 118.83p 122.06p 119.61p 103.61p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.33p 27.66p (25.34p) 13.53p 20.65p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 43.24p 42.60p 41.28p 39.73p 37.70p
Dividend per Share Growth 1.50% 3.20% 3.90% 5.38% 4.61%
Dividend Yield 4.7% 4.7% 5.1% 5.6% 4.0%
Shareholders Funds 3,031.00 2,962.10 3,110.80 2,950.90 2,434.40
Net Borrowings £ (Millions) 7,707.70 7,835.00 7,476.50 7,402.30 6,401.40
Net Asset Value per Share (inc. Intangibles) 417.94p 406.67p 426.47p 403.75p 335.75p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15
Shareholders' Funds inc Intangibles 3,031.00 2,962.10 3,110.80 2,950.90 2,434.40
Net Borrowings £ (Millions) 7,707.70 7,835.00 7,476.50 7,402.30 6,401.40
Net Gearing 254.30% 264.51% 240.34% 250.85% 262.96%
Cash & Near Cash 744.10 528.10 339.30 510.00 244.00
Cash 24.55% 17.83% 10.91% 17.28% 10.02%
Gross Borrowings 8,451.80 8,363.10 7,815.80 7,912.30 6,645.40
Gross Gearing 278.85% 282.34% 251.25% 268.13% 272.98%
Borrowings Under 5 years 8,451.80 8,363.10 7,815.80 7,912.30 6,645.40
Under 5 years 278.85% 282.34% 251.25% 268.13% 272.98%
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-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15
Shareholders' Funds exc Intangibles 2,849.90 2,773.10 2,908.10 2,753.20 2,289.50
Net Borrowings £ (Millions) 7,707.70 7,835.00 7,476.50 7,402.30 6,401.40
Net Gearing 270.46% 282.54% 257.09% 268.86% 279.60%
Cash & Near Cash 744.10 528.10 339.30 510.00 244.00
Cash 26.11% 19.04% 11.67% 18.52% 10.66%
Gross Borrowings 8,451.80 8,363.10 7,815.80 7,912.30 6,645.40
Gross Gearing 296.56% 301.58% 268.76% 287.39% 290.26%
Borrowings Under 5 years 8,451.80 8,363.10 7,815.80 7,912.30 6,645.40
Under 5 years 296.56% 301.58% 268.76% 287.39% 290.26%
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)
Cover 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15
Quick Ratio 1.00 0.67 0.67 0.99 0.60
Current Ratio 1.02 0.69 0.69 1.01 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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