Vesuvius (VSVS)

Sector:

Engineering

Index:

FTSE 250

494.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 501.00
  • 52 Week Low: 390.80
  • Currency: UK Pounds
  • Shares Issued: 266.37m
  • Volume: 186,230
  • Market Cap: £1,317.22m

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 4.8% 5.5% 4.7% 1.2% 1.2%
           
Continuing Operations          
PE Ratio - Adjusted 10.3 7.2 12.8 11.9 11.1
PE Ratio - Diluted 11.0
15.5		 6.1
6.7		 12.0
14.3		 18.1
14.3		 16.9
11.1
PEG - Adjusted n/a 0.1 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.1
0.1		 0.4
n/a		 n/a
n/a		 n/a
5.5
Return on Capital Employed 15.43%
17.54%		 20.09%
20.09%		 0.15%
0.15%		 13.56%
14.65%		 13.56%
18.05%
Operating Margin 11.30%
11.30%		 10.65%
10.65%		 8.16%
8.16%		 6.93%
8.19%		 6.93%
10.09%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.3 7.2 1,263.5 11.9 11.1
PE Ratio - Diluted 11.0
9.2		 6.1
6.7		 1,189.4
1,413.8		 18.1
14.3		 16.9
11.1
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
n/a		 n/a
11.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 18.97% 20.45% 26.31% 23.11% 23.11%

  £ (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 2.1 1.9 3.0 3.6 3.3
Price/Tangible Book Value 2.4 2.1 3.5 4.1 3.8
Price/ Cash Flow 6.0 5.2 26.9 7.9 7.3
Price/Revenue 0.67 0.53 73.43 0.85 0.79
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 227.82p 215.91p 148.39p 150.39p 150.84p
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 1,929.80 2,047.40 16.58 1,710.40 1,710.40
EBITDA 283.90
283.90		 283.90
283.90		 1.96
1.96		 118.60
140.00		 118.60
172.50
Depreciation (65.90)
(65.90)		 (65.90)
(65.90)		 (0.60)
(0.60)		 n/a
n/a		 n/a
n/a
Net Interest (11.40)
(11.40)		 (11.40)
(11.40)		 (0.06)
(0.06)		 n/a
n/a		 n/a
n/a
Profit Before Tax 179.40
179.40		 206.60
206.60		 1.29
1.29		 118.60
140.00		 118.60
172.50
           
Revenue per Share 715.80p 759.42p 6.13p 633.72p 635.60p
Pre-Tax Profit per Share 66.54p
66.54p		 76.63p
76.63p		 0.48p
0.48p		 43.94p
51.87p		 44.07p
64.10p
Market Capitalisation £ (Millions) 1,340.07 1,125.64 1,253.74 1,494.07 1,392.43
Enterprise Value (EV) £ (Millions) 1,781.97 1,567.44 1,697.34 1,965.97 1,864.33
EBITDA/EV 15.93%
15.93%		 18.11%
18.11%		 0.12%
0.12%		 6.03%
7.12%		 6.36%
9.25%
Operating Margin 11.30%
11.30%		 10.65%
10.65%		 8.16%
8.16%		 6.93%
8.19%		 6.93%
10.09%
Capital Employed £ (Millions) 1,087.50 1,085.20 907.30 955.50 955.50
Return on Capital Employed 15.43%
17.54%		 20.09%
20.09%		 0.15%
0.15%		 13.56%
14.65%		 13.56%
18.05%
Invested Equity Capital £ (Millions) 1,315.50 1,321.40 1,105.80 1,141.30 1,138.10
           
Earnings per Share - Basic 44.00p
31.19p		 67.20p
61.16p		 37.70p
31.76p		 29.80p
37.68p		 29.80p
45.52p
Earnings per Share - Diluted 43.60p
30.98p		 66.70p
60.74p		 37.50p
31.55p		 29.60p
37.45p		 29.60p
45.20p
Earnings per Share - Adjusted 46.70p 56.50p 35.30p 45.10p 45.10p
Earnings per Share Growth - Basic -34%
-49%		 78%
93%		 26%
-16%		 n/a
-17%		 -42%
2%
Earnings per Share Growth - Diluted -35%
-49%		 78%
92%		 27%
-16%		 n/a
-17%		 -42%
2%
Earnings per Share Growth - Adjusted -17% 60% -22% n/a -9%
PE Ratio - Diluted 11.0
15.5		 6.1
6.7		 12.0
14.3		 18.1
14.3		 16.9
11.1
PEG - Diluted n/a
n/a		 0.1
0.1		 0.4
n/a		 n/a
n/a		 n/a
5.5
Tax Rate 10.09% 8.76% 15.44% 27.07% 27.07%
Dividend Cover 2.03
1.36		 2.54
2.75		 1.67
1.50		 7.27
6.08		 7.27
7.34
Interest Cover 9.63
9.63		 10.93
10.93		 10.31
10.31		 n/a
n/a		 n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 44.00p
52.67p		 67.20p
61.16p		 0.38p
0.32p		 29.80p
37.68p		 29.80p
45.52p
Earnings per Share - Diluted 43.60p
52.30p		 66.70p
60.74p		 0.38p
0.32p		 29.60p
37.45p		 29.60p
45.20p
Earnings per Share - Adjusted 46.70p 56.50p 0.36p 45.10p 45.10p
Earnings per Share Growth - Basic -34%
-14%		 17,559%
18,981%		 -99%
-99%		 n/a
-17%		 -42%
1%
Earnings per Share Growth - Diluted -35%
-14%		 17,521%
18,974%		 -99%
-99%		 n/a
-17%		 -42%
1%
Earnings per Share Growth - Adjusted -17% 15,757% -99% n/a -9%
PE Ratio - Diluted 11.0
9.2		 6.1
6.7		 1,189.4
1,413.8		 18.1
14.3		 16.9
11.1
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
11.1
Dividend Cover 2.03
2.29		 2.54
2.75		 0.02
0.02		 7.27
6.08		 7.27
7.34
Return on Equity (ROE) 13.77%
10.79%		 13.71%
12.48%		 0.09%
0.08%		 7.04%
8.91%		 7.06%
10.76%
Operating Cash Flow per Share 80.30p 78.30p 16.71p 68.21p 68.41p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.74p 6.53p (0.16p) 7.93p 7.95p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 23.00p 22.25p 21.20p 6.20p 6.20p
Dividend per Share Growth 3.37% 4.95% 241.94% n/a (68.69%)
Dividend Yield 4.8% 5.5% 4.7% 1.2% 1.2%
Shareholders Funds 1,254.30 1,260.20 1,043.60 1,063.40 1,063.40
Net Borrowings £ (Millions) 277.70 257.70 274.60 245.70 245.70
Net Asset Value per Share (inc. Intangibles) 203.38p 193.88p 128.21p 131.49p 131.88p

  £ (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 1,254.30 1,260.20 1,043.60 1,063.40 1,063.40
Net Borrowings £ (Millions) 277.70 257.70 274.60 245.70 245.70
Net Gearing 18.97% 20.45% 26.31% 23.11% 23.11%
Cash & Near Cash 164.20 184.20 169.10 229.20 229.20
Cash 13.09% 14.62% 16.20% 21.55% 21.55%
Gross Borrowings 441.90 441.90 443.70 474.90 474.90
Gross Gearing 32.07% 35.07% 42.52% 44.66% 44.66%
Borrowings Under 5 years 441.90 441.90 443.70 474.90 474.90
Under 5 years 35.23% 35.07% 42.52% 44.66% 44.66%
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 548.30 522.70 346.80 354.90 354.90
Net Borrowings £ (Millions) 277.70 257.70 274.60 245.70 245.70
Net Gearing 43.41% 49.30% 79.18% 69.23% 69.23%
Cash & Near Cash 164.20 184.20 169.10 229.20 229.20
Cash 29.95% 35.24% 48.76% 64.58% 64.58%
Gross Borrowings 441.90 441.90 443.70 474.90 474.90
Gross Gearing 73.35% 84.54% 127.94% 133.81% 133.81%
Borrowings Under 5 years 441.90 441.90 443.70 474.90 474.90
Under 5 years 80.59% 84.54% 127.94% 133.81% 133.81%
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 1.20 1.28 1.19 1.26 1.26
Current Ratio 1.75 1.87 1.76 1.70 1.70

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: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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