£ (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 | 1.0 |
Dividend Yield | 5.8% | 4.1% | 3.0% | 4.7% | 5.3% |
Continuing Operations | |||||
PE Ratio - Adjusted | 13.7 | 19.6 | n/a | n/a | 16.9 |
PE Ratio - Diluted | n/a n/a |
5.1 12.5 |
n/a 29.6 |
n/a n/a |
n/a n/a |
PEG - Adjusted | 2.7 | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a 0.1 |
n/a n/a |
n/a n/a |
n/a n/a |
Return on Capital Employed | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Operating Margin | (142.34%) 48.56% |
232.52% 108.50% |
(138.03%) 45.73% |
(164.60%) (164.60%) |
(22.79%) 51.66% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 13.7 | 19.6 | n/a | n/a | 16.9 |
PE Ratio - Diluted | n/a n/a |
5.1 12.5 |
n/a 2,934.1 |
n/a n/a |
n/a 15.1 |
PEG - Adjusted | 2.7 | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a 0.0 |
n/a n/a |
n/a n/a |
n/a 3.0 |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Net Gearing | 38.86% | 37.09% | 38.07% | 47.04% | 32.90% |
£ (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 | 0.7 | 0.7 | 0.8 | 0.4 | 0.7 |
Price/Tangible Book Value | 0.7 | 0.7 | 0.8 | 0.4 | 0.7 |
Price/ Cash Flow | 15.0 | 20.1 | 31.4 | 8.4 | 9.3 |
Price/Revenue | 8.60 | 11.93 | 990.58 | 5.12 | 6.33 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 596.01p | 730.10p | 645.41p | 765.20p | 894.85p |
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 | 418.00 | 412.00 | 4.72 | 613.00 | 904.00 |
EBITDA | (588.00) 210.00 |
967.00 456.00 |
(6.52) 2.16 |
(1,009.00) (1,009.00) |
(206.00) 467.00 |
Depreciation | (7.00) (7.00) |
(9.00) (9.00) |
n/a n/a |
n/a n/a |
n/a n/a |
Net Interest | 28.00 (60.00) |
5.00 (55.00) |
(0.50) (0.50) |
(107.00) (107.00) |
(113.00) (113.00) |
Profit Before Tax | (1,034.00) (324.00) |
963.00 392.00 |
(10.63) 2.19 |
(1,116.00) (1,116.00) |
(319.00) (266.00) |
Revenue per Share | 45.09p | 44.44p | 0.51p | 65.63p | 93.10p |
Pre-Tax Profit per Share | (111.54p) (34.95p) |
103.88p 42.29p |
(1.15p) 0.24p |
(119.49p) (119.49p) |
(32.85p) (27.39p) |
Market Capitalisation £ (Millions) | 3,638.86 | 4,975.73 | 4,734.93 | 3,153.35 | 5,657.87 |
Enterprise Value (EV) £ (Millions) | 5,881.86 | 7,570.73 | 7,117.93 | 6,635.35 | 8,977.87 |
EBITDA/EV | (10.00%) 3.57% |
12.77% 6.02% |
(0.09%) 0.03% |
(15.21%) (15.21%) |
(2.29%) 5.20% |
Operating Margin | (142.34%) 48.56% |
232.52% 108.50% |
(138.03%) 45.73% |
(164.60%) (164.60%) |
(22.79%) 51.66% |
Capital Employed £ (Millions) | 7,796.00 | 9,384.00 | 8,392.00 | 10,650.00 | 11,720.00 |
Return on Capital Employed | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Invested Equity Capital £ (Millions) | 5,516.00 | 6,753.00 | 5,924.00 | 7,036.00 | 8,478.00 |
Earnings per Share - Basic | (112.00p) (34.95p) |
103.80p 42.50p |
(111.20p) 17.04p |
(110.00p) (109.96p) |
(30.00p) (28.84p) |
Earnings per Share - Diluted | (112.00p) (34.84p) |
103.50p 42.37p |
(111.20p) 17.04p |
(110.00p) (109.96p) |
(30.00p) (28.75p) |
Earnings per Share - Adjusted | 28.40p | 27.00p | (111.20)p | (110.00)p | 34.90p |
Earnings per Share Growth - Basic | n/a n/a |
n/a 149% |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a 149% |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | 5% | n/a | n/a | n/a | -7% |
PE Ratio - Diluted | n/a n/a |
5.1 12.5 |
n/a 29.6 |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a n/a |
n/a 0.1 |
n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | (0.88%) | (0.21%) | (4.31%) | 0.18% | (0.31%) |
Dividend Cover | 1.25 (1.54) |
1.23 1.94 |
(7.39) 1.13 |
(6.89) (6.89) |
1.13 (0.93) |
Interest Cover | (15.68) (4.23) |
16.53 8.13 |
(15.20) 4.34 |
(9.33) (9.33) |
(1.82) (1.35) |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (112.00p) (34.95p) |
103.80p 42.50p |
(1.12p) 0.17p |
(110.00p) (109.96p) |
(30.00p) 39.24p |
Earnings per Share - Diluted | (112.00p) (34.84p) |
103.50p 42.37p |
(1.12p) 0.17p |
(110.00p) (109.96p) |
(30.00p) 39.12p |
Earnings per Share - Adjusted | 28.40p | 27.00p | (1.12p) | (110.00p) | 34.90p |
Earnings per Share Growth - Basic | n/a n/a |
n/a 24,604% |
n/a n/a |
n/a n/a |
n/a 5% |
Earnings per Share Growth - Diluted | n/a n/a |
n/a 24,525% |
n/a n/a |
n/a n/a |
n/a 5% |
Earnings per Share Growth - Adjusted | 5% | n/a | n/a | n/a | -7% |
PE Ratio - Diluted | n/a n/a |
5.1 12.5 |
n/a 2,934.1 |
n/a n/a |
n/a 15.1 |
PEG - Diluted | n/a n/a |
n/a 0.0 |
n/a n/a |
n/a n/a |
n/a 3.0 |
Dividend Cover | 1.25 (1.54) |
1.23 1.94 |
(0.07) 0.01 |
(6.89) (6.89) |
1.13 1.27 |
Return on Equity (ROE) | (18.82%) (5.87%) |
14.26% 5.83% |
(0.18%) 0.03% |
(14.60%) (14.60%) |
(3.43%) 4.49% |
Operating Cash Flow per Share | 25.89p | 26.43p | 16.07p | 40.15p | 63.13p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 1.51p | (8.63p) | (0.042p) | (5.25p) | 14.11p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 22.64p | 21.92p | 15.04p | 15.96p | 31.00p |
Dividend per Share Growth | 3.28% | 45.74% | (5.79%) | (48.50%) | 3.06% |
Dividend Yield | 5.8% | 4.1% | 3.0% | 4.7% | 5.3% |
Shareholders Funds | 5,512.00 | 6,753.00 | 5,924.00 | 7,035.00 | 8,478.00 |
Net Borrowings £ (Millions) | 2,142.00 | 2,505.00 | 2,255.00 | 3,309.00 | 3,078.00 |
Net Asset Value per Share (inc. Intangibles) | 594.61p | 728.48p | 639.05p | 753.21p | 873.12p |
£ (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 | 5,512.00 | 6,753.00 | 5,924.00 | 7,035.00 | 8,478.00 |
Net Borrowings £ (Millions) | 2,142.00 | 2,505.00 | 2,255.00 | 3,309.00 | 3,078.00 |
Net Gearing | 38.86% | 37.09% | 38.07% | 47.04% | 32.90% |
Cash & Near Cash | 125.00 | 111.00 | 154.00 | 193.00 | 242.00 |
Cash | 2.27% | 1.64% | 2.60% | 2.74% | 2.85% |
Gross Borrowings | 2,267.00 | 2,616.00 | 2,409.00 | 3,502.00 | 3,320.00 |
Gross Gearing | 41.13% | 38.74% | 40.67% | 49.78% | 35.75% |
Borrowings Under 5 years | 2,267.00 | 2,616.00 | 2,409.00 | 3,502.00 | 3,320.00 |
Under 5 years | 41.13% | 38.74% | 40.67% | 49.78% | 39.16% |
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 | 5,512.00 | 6,753.00 | 5,924.00 | 7,035.00 | 8,478.00 |
Net Borrowings £ (Millions) | 2,142.00 | 2,505.00 | 2,255.00 | 3,309.00 | 3,078.00 |
Net Gearing | 38.86% | 37.09% | 38.07% | 47.04% | 32.90% |
Cash & Near Cash | 125.00 | 111.00 | 154.00 | 193.00 | 242.00 |
Cash | 2.27% | 1.64% | 2.60% | 2.74% | 2.85% |
Gross Borrowings | 2,267.00 | 2,616.00 | 2,409.00 | 3,502.00 | 3,320.00 |
Gross Gearing | 41.13% | 38.74% | 40.67% | 49.78% | 35.75% |
Borrowings Under 5 years | 2,267.00 | 2,616.00 | 2,409.00 | 3,502.00 | 3,320.00 |
Under 5 years | 41.13% | 38.74% | 40.67% | 49.78% | 39.16% |
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 | n/a | n/a | n/a | n/a | 0.43 |
Current Ratio | 0.27 | 0.41 | 0.61 | 0.30 | 0.55 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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