Brown (N.) Group (BWNG)

Sector:

Retailers

Index:

FTSE AIM All-Share

14.20p
   
  • Change Today:
      0.23p
  • 52 Week High: 28.00
  • 52 Week Low: 13.05
  • Currency: UK Pounds
  • Shares Issued: 463.33m
  • Volume: 180,570
  • Market Cap: £65.79m
  • RiskGrade: 350
  • Beta: 0.01

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 28-Feb-15 01-Mar-14 02-Mar-13 03-Mar-12 26-Feb-11
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 3.2% 2.4% 3.5% 5.5% 4.5%
           
Continuing Operations          
PE Ratio - Adjusted 18.2 21.2 14.1 8.2 10.1
PE Ratio - Diluted 20.6
15.8		 22.0
21.0		 13.9
13.9		 8.1
8.2		 10.5
10.4
PEG - Adjusted n/a n/a n/a 1.2 1.1
PEG - Diluted n/a
15.8		 n/a
n/a		 n/a
n/a		 0.7
0.7		 0.8
2.1
Return on Capital Employed 13.27%
16.04%		 15.26%
15.67%		 16.29%
16.08%		 17.20%
16.98%		 18.01%
18.01%
Operating Margin 10.02%
12.16%		 12.66%
13.01%		 13.19%
13.02%		 13.71%
13.54%		 13.76%
13.76%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.2 21.2 14.1 8.2 10.1
PE Ratio - Diluted 24.7
18.6		 21.9
20.9		 13.9
13.9		 8.1
8.2		 10.5
10.4
PEG - Adjusted n/a n/a n/a 1.2 1.1
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.7
0.7		 0.8
2.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 28-Feb-15 01-Mar-14 02-Mar-13 03-Mar-12 26-Feb-11
Net Gearing 54.80% 44.03% 42.31% 47.85% 50.19%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 28-Feb-15 01-Mar-14 02-Mar-13 03-Mar-12 26-Feb-11
Price/Book Value 3.5 4.0 2.9 1.9 2.4
Price/Tangible Book Value 3.5 4.0 2.9 1.9 2.4
Price/ Cash Flow 17.1 40.1 15.1 11.5 13.0
Price/Revenue 1.49 1.99 1.39 0.87 1.04
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 124.89p 147.08p 135.13p 122.70p 111.94p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 28-Feb-15 01-Mar-14 02-Mar-13 03-Mar-12 26-Feb-11
Continuing Operations          
Revenue 837.20 818.90 784.70 753.20 718.80
EBITDA 114.90
124.80		 124.00
126.80		 122.50
121.20		 119.50
118.20		 113.60
113.60
Depreciation (31.00)
(23.00)		 (20.30)
(20.30)		 (19.00)
(19.00)		 (16.20)
(16.20)		 (14.70)
(14.70)
Net Interest (7.60)
(7.60)		 (6.90)
(6.90)		 (7.10)
(7.10)		 (6.40)
(6.40)		 (4.40)
(4.40)
Profit Before Tax 78.30
96.20		 96.80
99.60		 96.40
95.10		 96.90
95.60		 94.50
94.50
           
Revenue per Share 297.29p 292.33p 281.72p 272.23p 261.07p
Pre-Tax Profit per Share 27.80p
34.16p		 34.56p
35.55p		 34.61p
34.14p		 35.02p
34.55p		 34.32p
34.32p
Market Capitalisation £ (Millions) 1,249.05 1,636.06 1,093.80 654.19 747.71
Enterprise Value (EV) £ (Millions) 1,534.95 1,895.06 1,342.60 904.19 977.71
EBITDA/EV 7.49%
8.13%		 6.54%
6.69%		 9.12%
9.03%		 13.22%
13.07%		 11.62%
11.62%
Operating Margin 10.02%
12.16%		 12.66%
13.01%		 13.19%
13.02%		 13.71%
13.54%		 13.76%
13.76%
Capital Employed £ (Millions) 647.20 679.60 635.50 600.60 549.20
Return on Capital Employed 13.27%
16.04%		 15.26%
15.67%		 16.29%
16.08%		 17.20%
16.98%		 18.01%
18.01%
Invested Equity Capital £ (Millions) 458.50 493.90 455.10 413.40 371.40
           
Earnings per Share - Basic 21.61p
28.20p		 26.67p
27.95p		 28.21p
28.15p		 28.98p
28.91p		 25.77p
26.04p
Earnings per Share - Diluted 21.55p
28.11p		 26.49p
27.76p		 28.16p
28.09p		 28.94p
28.88p		 25.73p
26.00p
Earnings per Share - Adjusted 24.36p 27.45p 27.86p 28.61p 26.74p
Earnings per Share Growth - Basic -19%
1%		 -6%
-1%		 -3%
-3%		 12%
11%		 14%
5%
Earnings per Share Growth - Diluted -19%
1%		 -6%
-1%		 -3%
-3%		 12%
11%		 14%
5%
Earnings per Share Growth - Adjusted -11% -2% -3% 7% 9%
PE Ratio - Diluted 20.6
15.8		 22.0
21.0		 13.9
13.9		 8.1
8.2		 10.5
10.4
PEG - Diluted n/a
15.8		 n/a
n/a		 n/a
n/a		 0.7
0.7		 0.8
2.1
Tax Rate 21.07% 22.00% 17.63% 16.41% 24.13%
Dividend Cover 1.73
2.00		 1.95
1.98		 2.06
2.08		 2.22
2.24		 2.18
2.12
Interest Cover 11.17
13.49		 14.83
15.23		 14.39
14.21		 10.06
9.93		 12.12
12.12
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 17.96p
23.90p		 26.81p
28.09p		 28.21p
28.15p		 28.98p
28.91p		 25.77p
26.04p
Earnings per Share - Diluted 17.90p
23.83p		 26.63p
27.90p		 28.16p
28.09p		 28.94p
28.88p		 25.73p
26.00p
Earnings per Share - Adjusted 24.36p 27.45p 27.86p 28.61p 26.74p
Earnings per Share Growth - Basic -33%
-15%		 -5%
-0%		 -3%
-3%		 12%
11%		 14%
5%
Earnings per Share Growth - Diluted -33%
-15%		 -5%
-1%		 -3%
-3%		 12%
11%		 14%
5%
Earnings per Share Growth - Adjusted -11% -2% -3% 7% 9%
PE Ratio - Diluted 24.7
18.6		 21.9
20.9		 13.9
13.9		 8.1
8.2		 10.5
10.4
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.7
0.7		 0.8
2.1
Dividend Cover 1.73
1.70		 1.95
1.99		 2.06
2.08		 2.22
2.24		 2.18
2.12
Return on Equity (ROE) 10.77%
14.68%		 15.37%
15.93%		 17.45%
17.23%		 19.59%
19.35%		 19.31%
19.31%
Operating Cash Flow per Share 25.96p 14.53p 25.99p 20.42p 20.85p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (1.74p) (5.71p) 1.36p 3.04p (3.92p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 14.08p 14.08p 13.54p 12.89p 12.28p
Dividend per Share Growth n/a 4.02% 4.99% 5.00% 15.01%
Dividend Yield 3.2% 2.4% 3.5% 5.5% 4.5%
Shareholders Funds 450.00 485.30 446.00 402.30 360.40
Net Borrowings £ (Millions) 246.60 213.70 188.70 192.50 180.90
Net Asset Value per Share (inc. Intangibles) 124.89p 147.08p 135.13p 122.70p 111.94p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 28-Feb-15 01-Mar-14 02-Mar-13 03-Mar-12 26-Feb-11
Shareholders' Funds inc Intangibles 450.00 485.30 446.00 402.30 360.40
Net Borrowings £ (Millions) 246.60 213.70 188.70 192.50 180.90
Net Gearing 54.80% 44.03% 42.31% 47.85% 50.19%
Cash & Near Cash 40.40 45.30 61.30 57.50 49.10
Cash 8.98% 9.33% 13.74% 14.29% 13.62%
Gross Borrowings 287.00 259.00 250.00 250.00 230.00
Gross Gearing 63.78% 53.37% 56.05% 62.14% 63.82%
Borrowings Under 5 years 287.00 259.00 250.00 250.00 230.00
Under 5 years 63.78% 53.37% 56.05% 62.14% 63.82%
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 28-Feb-15 01-Mar-14 02-Mar-13 03-Mar-12 26-Feb-11
Shareholders' Funds exc Intangibles 351.70 412.00 376.40 339.50 308.20
Net Borrowings £ (Millions) 246.60 213.70 188.70 192.50 180.90
Net Gearing 70.12% 51.87% 50.13% 56.70% 58.70%
Cash & Near Cash 40.40 45.30 61.30 57.50 49.10
Cash 11.49% 11.00% 16.29% 16.94% 15.93%
Gross Borrowings 287.00 259.00 250.00 250.00 230.00
Gross Gearing 81.60% 62.86% 66.42% 73.64% 74.63%
Borrowings Under 5 years 287.00 259.00 250.00 250.00 230.00
Under 5 years 81.60% 62.86% 66.42% 73.64% 74.63%
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 28-Feb-15 01-Mar-14 02-Mar-13 03-Mar-12 26-Feb-11
Quick Ratio 4.55 5.06 4.75 4.47 2.92
Current Ratio 5.28 5.76 5.42 5.11 3.35

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.

 

Top of Page