WPP (WPP)

Sector:

Media

Index:

FTSE 100

812.40p
   
  • Change Today:
      16.00p
  • 52 Week High: 927.20p
  • 52 Week Low: 681.20p
  • Currency: UK Pounds
  • Shares Issued: 1,078.55m
  • Volume: 4,092,402
  • Market Cap: £8,762m
  • RiskGrade: 162

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 5.2% 4.8% 2.8% 3.0% 2.1%
           
Continuing Operations          
PE Ratio - Adjusted 73.1 13.2 21.0 n/a 21.2
PE Ratio - Diluted 74.6
74.6		 13.4
13.4		 21.3
21.3		 n/a
20.5		 21.4
57.3
PEG - Adjusted n/a 0.8 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.8
0.8		 n/a
0.6		 n/a
0.2		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 0.28%
0.45%		 n/a
7.01%		 9.77%
9.77%
Operating Margin 2.33%
2.33%		 8.04%
8.04%		 8.91%
8.91%		 (20.21%)
8.60%		 9.28%
9.28%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 73.1 13.2 2,076.9 n/a 21.5
PE Ratio - Diluted 74.6
74.6		 13.4
13.4		 2,112.5
2,113.6		 n/a
19.9		 21.5
54.8
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
0.2		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 26.17% 24.13% 81.38% 60.27% 47.10%

  £ (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 (1.5) (1.6) (2.7) (2.6) (4.2)
Price/Tangible Book Value (1.4) (1.4) (2.5) (2.4) (3.8)
Price/ Cash Flow 6.5 12.8 6.6 4.8 7.2
Price/Revenue 0.54 0.62 103.46 0.82 1.01
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (504.25p) (523.26p) (410.58p) (304.82p) (253.09p)
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 14,844.80 14,428.70 129.21 12,002.80 13,234.10
EBITDA 346.30
346.30		 1,159.80
1,159.80		 15.01
15.01		 (1,794.30)
1,663.60		 1,227.50
1,227.50
Depreciation n/a
n/a		 n/a
n/a		 (3.49)
(3.49)		 (631.00)
(631.00)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 (2.16)
(2.16)		 (229.30)
(229.30)		 (260.10)
(260.10)
Profit Before Tax 346.30
346.30		 1,159.80
1,159.80		 9.60
9.60		 (2,790.60)
667.30		 982.10
982.10
           
Revenue per Share 1,384.65p 1,314.21p 10.82p 981.42p 1,058.73p
Pre-Tax Profit per Share 32.30p
32.30p		 105.64p
105.64p		 0.80p
0.80p		 (228.18p)
54.56p		 78.57p
78.57p
Market Capitalisation £ (Millions) 8,594.95 9,362.69 13,707.82 10,368.64 14,164.91
Enterprise Value (EV) £ (Millions) 11,580.85 12,635.19 20,443.22 26,009.34 20,923.21
EBITDA/EV 2.99%
2.99%		 9.18%
9.18%		 0.07%
0.07%		 (6.90%)
6.40%		 5.87%
5.87%
Operating Margin 2.33%
2.33%		 8.04%
8.04%		 8.91%
8.91%		 (20.21%)
8.60%		 9.28%
9.28%
Capital Employed £ (Millions) (1,822.30) (1,769.90) 2,640.60 12,790.10 12,718.00
Return on Capital Employed n/a
n/a		 n/a
n/a		 0.28%
0.45%		 n/a
7.01%		 9.77%
9.77%
Invested Equity Capital £ (Millions) 3,858.60 4,276.20 4,334.00 5,499.10 8,831.00
           
Earnings per Share - Basic 10.30p
10.30p		 62.20p
62.18p		 53.40p
53.40p		 (243.20p)
38.95p		 50.20p
18.76p
Earnings per Share - Diluted 10.10p
10.09p		 61.20p
61.15p		 52.50p
52.47p		 (243.20p)
38.95p		 49.80p
18.60p
Earnings per Share - Adjusted 10.30p 62.20p 53.40p (243.20)p 50.20p
Earnings per Share Growth - Basic -83%
-83%		 16%
16%		 n/a
37%		 n/a
108%		 -33%
-62%
Earnings per Share Growth - Diluted -84%
-84%		 17%
16%		 n/a
35%		 n/a
109%		 -33%
-62%
Earnings per Share Growth - Adjusted -83% 16% n/a n/a -46%
PE Ratio - Diluted 74.6
74.6		 13.4
13.4		 21.3
21.3		 n/a
20.5		 21.4
57.3
PEG - Diluted n/a
n/a		 0.8
0.8		 n/a
0.6		 n/a
0.2		 n/a
n/a
Tax Rate 43.06% 33.14% 24.82% (4.26%) 28.43%
Dividend Cover 0.26
0.26		 1.58
1.58		 1.71
1.71		 (10.13)
1.62		 2.21
0.83
Interest Cover n/a
n/a		 n/a
n/a		 4.35
4.35		 (7.94)
3.14		 3.73
3.73
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 10.30p
10.30p		 62.20p
62.18p		 0.54p
0.54p		 (242.70p)
40.29p		 49.90p
19.62p
Earnings per Share - Diluted 10.10p
10.09p		 61.20p
61.15p		 0.53p
0.53p		 (242.70p)
40.29p		 49.50p
19.46p
Earnings per Share - Adjusted 10.30p 62.20p 0.54p (242.70p) 49.50p
Earnings per Share Growth - Basic -83%
-83%		 11,439%
11,435%		 n/a
-99%		 n/a
105%		 -41%
-68%
Earnings per Share Growth - Diluted -84%
-84%		 11,449%
11,446%		 n/a
-99%		 n/a
107%		 -41%
-68%
Earnings per Share Growth - Adjusted -83% 11,439% n/a n/a -55%
PE Ratio - Diluted 74.6
74.6		 13.4
13.4		 2,112.5
2,113.6		 n/a
19.9		 21.5
54.8
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
0.2		 n/a
n/a
Dividend Cover 0.26
0.26		 1.58
1.58		 0.02
0.02		 (10.11)
1.68		 2.18
0.86
Return on Equity (ROE) 2.86%
2.86%		 15.97%
15.97%		 0.15%
0.15%		 (53.92%)
8.96%		 7.07%
2.78%
Operating Cash Flow per Share 115.49p 63.84p 169.92p 168.01p 148.04p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (4.38p) (147.46p) (0.56p) 133.83p 55.05p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 39.40p 39.40p 31.20p 24.00p 22.70p
Dividend per Share Growth n/a 26.28% 30.00% 5.73% (62.17%)
Dividend Yield 5.2% 4.8% 2.8% 3.0% 2.1%
Shareholders Funds 3,375.60 3,680.80 3,616.40 4,732.00 8,044.40
Net Borrowings £ (Millions) 883.30 888.10 2,942.90 2,851.90 (4,547.40)
Net Asset Value per Share (inc. Intangibles) (546.89p) (566.95p) (448.49p) (330.83p) (282.80p)

  £ (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 3,375.60 3,680.80 3,616.40 4,732.00 8,044.40
Net Borrowings £ (Millions) 883.30 888.10 2,942.90 2,851.90 (4,547.40)
Net Gearing 26.17% 24.13% 81.38% 60.27% 47.10%
Cash & Near Cash 2,217.50 2,491.50 3,882.90 12,899.10 11,305.70
Cash 65.69% 67.69% 107.37% 272.59% 140.54%
Gross Borrowings 3,100.80 3,379.60 6,825.80 15,751.00 6,758.30
Gross Gearing 91.86% 91.82% 188.75% 332.86% 187.65%
Borrowings Under 5 years 3,100.80 3,379.60 6,825.80 15,751.00 6,758.30
Under 5 years 91.86% 91.82% 188.75% 332.86% 84.01%
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 (5,863.20) (6,224.50) (5,355.40) (4,046.10) (3,535.00)
Net Borrowings £ (Millions) 883.30 888.10 2,942.90 2,851.90 (4,547.40)
Net Gearing (15.07%) (14.27%) (54.95%) (70.49%) n/a
Cash & Near Cash 2,217.50 2,491.50 3,882.90 12,899.10 11,305.70
Cash (37.82%) (40.03%) (72.50%) (318.80%) (319.82%)
Gross Borrowings 3,100.80 3,379.60 6,825.80 15,751.00 6,758.30
Gross Gearing 52.89% 54.30% 127.46% 389.29% 427.02%
Borrowings Under 5 years 3,100.80 3,379.60 6,825.80 15,751.00 6,758.30
Under 5 years (52.89%) (54.30%) (127.46%) (389.29%) (191.18%)
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 0.86 0.85 0.93 1.03 1.51

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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