Spirent Communications (SPT)

Sector:

IT Hardware

Index:

FTSE 250

190.30p
   
  • Change Today:
    -0.30p
  • 52 Week High: 200.00p
  • 52 Week Low: 90.10p
  • Currency: UK Pounds
  • Shares Issued: 578.65m
  • Volume: 2,426,415
  • Market Cap: £1,101.16m
  • RiskGrade: 172

Income Statement - Unadjusted

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 474.30 607.50 576.00 522.40 503.60
           
EBITDA (4.60) 88.00 130.10 118.20 89.60
Depreciation & Amortisation 23.00 24.70 (25.90) (22.50) n/a
           
Operating Profit/(Loss) 18.40 112.70 104.20 95.70 89.60
Interest Payable (0.90) (1.00) (1.20) (1.50) n/a
Interest Receivable/Investment Income 5.40 2.90 0.60 1.60 n/a
           
Group Profit after Interest 22.90 114.60 103.60 95.80 89.60
Share of Assoc Cos/JV Profits n/a n/a n/a n/a n/a
           
Profit Before Tax 22.90 114.60 103.60 95.80 89.60
Tax 2.30 (14.70) (14.40) (11.40) (11.60)
           
Profit After Tax 25.20 99.90 89.20 84.40 78.00
           
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
           
PROFIT FOR THE PERIOD 25.20 99.90 89.20 84.40 78.00
           
Attributable to:          
Equity Shareholders' Earnings 25.20 99.90 89.20 84.40 78.00
Minority interests n/a n/a n/a n/a n/a
           
Equity Dividends cn/a cn/a cn/a cn/a cn/a
Retained Profit/(Loss) for the Financial Year cn/a cn/a cn/a cn/a cn/a


Per Share Record - Unadjusted 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing EPS          
Earnings per Share - Basic 4.30¢ 16.46¢ 14.67¢ 13.84¢ 12.79¢
Earnings per Share - Diluted 4.26¢ 16.36¢ 14.54¢ 13.71¢ 12.63¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 4.30¢ 16.46¢ 14.67¢ 13.84¢ 12.79¢
Earnings per Share - Diluted 4.26¢ 16.36¢ 14.54¢ 13.71¢ 12.63¢
           
Dividend per Share 2.76¢ 7.57¢ 6.76¢ 6.04¢ 5.39¢


Key Financals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shares in Issue (millions)          
Shares in Issue - Year End 611.70 611.70 611.70 611.70 609.90
Weighted Average 586.70 607.00 608.20 609.70 609.90
Diluted 590.80 610.70 613.50 615.80 617.40
           
Performance Ratios          
Continuing Operations          
Operating Margin 3.88% 18.55% 18.09% 18.32% 17.79%
Tax Rate (10.04%) 12.83% 13.90% 11.90% 12.95%
Return on Capital Employed 9.50% 39.13% 0.38% 30.22% 31.82%
Continuing Operations & Discontinued Operations          
Return on Equity (ROE) 6.65% 21.35% 0.20% 18.82% 19.23%
           
Financial Status          
Continuing Operations          
Interest Cover 26.44 n/a 87.33 64.87 n/a
Revenue per Share 80.84¢ 100.08¢ 0.96¢ 85.68¢ 82.57¢
Pre-Tax Profit per Share 3.90¢ 18.88¢ 0.17¢ 15.71¢ 14.69¢
           
Market Data          
Continuing Operations          
Earnings per Share Growth - Basic -74% 12% 6% 8% 40%
Earnings per Share Growth - Adjusted -60% 14% 13% 10% 23%
Earnings per Share Growth - Diluted -74% 12% 6% 9% 40%
PE Ratio - Adjusted 20.7 17.5 21.1 22.8 23.8
PEG - Adjusted n/a 1.3 1.6 2.3 1.0
Dividend Cover 2.74 2.49 2.45 2.43 2.49
Continuing Operations & Discontinued Operations          
Earnings per Share Growth - Basic -74% 11,016% -99% 8% 600%
Earnings per Share Growth - Adjusted -60% 11,162% -99% 10% 517%
Earnings per Share Growth - Diluted -74% 11,047% -99% 9% 598%
PE Ratio - Adjusted 20.7 17.5 2,093.6 22.8 23.8
PEG - Adjusted n/a 0.0 n/a 2.3 0.0
Dividend Cover 2.74 2.49 0.02 2.43 2.49
           
Market Capitalisation £ (Millions) 754.23 1,591.64 1,689.52 1,614.89 1,533.90
Dividend per Share 2.76¢ 7.57¢ 6.76¢ 6.04¢ 5.39¢
Dividend Yield 1.8% 2.3% 1.9% 1.8% 1.7%
Dividend per Share Growth (63.54%) 11.98% 11.92% 12.06% 20.04%

Key

* GAAP

a. Includes discontinued activities

b. Includes preference dividends

c. Not disclosed under IFRS

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: Forecast figures based on normalised accounts.

 

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