Croda International (CRDA)

Sector:

Industrial Chemicals

Index:

FTSE 100

4,746.00p
   
  • Change Today:
      70.00p
  • 52 Week High: 6,852.00
  • 52 Week Low: 4,076.00
  • Currency: UK Pounds
  • Shares Issued: 142.54m
  • Volume: 243,815
  • Market Cap: £6,765m
  • RiskGrade: 108

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 2.2% 1.6% 1.0% 1.4% 1.8%
           
Continuing Operations          
PE Ratio - Adjusted 30.1 24.3 40.5 37.6 27.7
PE Ratio - Diluted 41.3
36.6		 14.2
27.9		 44.1
45.0		 42.6
37.6		 29.7
27.7
PEG - Adjusted n/a 2.7 1.0 n/a n/a
PEG - Diluted n/a
n/a		 0.1
5.6		 0.9
1.6		 n/a
n/a		 n/a
n/a
Return on Capital Employed 13.21%
13.79%		 40.48%
23.35%		 0.28%
0.28%		 21.41%
23.37%		 28.05%
27.90%
Operating Margin 13.95%
15.24%		 37.33%
22.10%		 23.19%
23.16%		 20.86%
22.66%		 21.94%
23.10%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 30.1 24.3 4,010.3 37.6 27.7
PE Ratio - Diluted 41.3
36.6		 14.2
27.9		 4,368.5
4,456.6		 42.6
37.6		 29.7
27.7
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
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 22.85% 12.22% 46.96% 50.48% 63.57%

  £ (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 7.3 7.8 28.6 30.3 15.7
Price/Tangible Book Value 7.5 7.9 29.3 31.3 15.9
Price/ Cash Flow 20.9 29.9 40.6 29.9 21.8
Price/Revenue 4.16 4.41 740.15 6.17 4.82
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 687.39p 844.98p 354.34p 218.00p 326.62p
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 1,694.50 2,089.30 19.07 1,390.30 1,377.70
EBITDA 236.30
258.30		 780.00
461.80		 5.57
5.56		 290.00
315.10		 302.30
318.20
Depreciation n/a
n/a		 n/a
n/a		 (1.14)
(1.14)		 n/a
n/a		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 (0.27)
(0.27)		 (20.50)
(20.50)		 n/a
n/a
Profit Before Tax 236.30
258.30		 780.00
461.80		 4.15
4.15		 269.50
296.10		 302.30
318.20
           
Revenue per Share 1,213.83p 1,498.78p 13.67p 1,069.46p 1,063.04p
Pre-Tax Profit per Share 169.27p
185.03p		 559.54p
331.28p		 2.98p
2.97p		 207.31p
227.77p		 233.26p
245.53p
Market Capitalisation £ (Millions) 7,198.11 9,413.14 14,424.73 9,401.73 6,753.63
Enterprise Value (EV) £ (Millions) 7,908.21 10,028.94 15,360.73 10,308.73 7,383.23
EBITDA/EV 2.99%
3.27%		 7.78%
4.60%		 0.04%
0.04%		 2.81%
3.06%		 4.09%
4.31%
Operating Margin 13.95%
15.24%		 37.33%
22.10%		 23.19%
23.16%		 20.86%
22.66%		 21.94%
23.10%
Capital Employed £ (Millions) 1,873.00 1,978.10 1,585.30 1,354.60 1,140.60
Return on Capital Employed 13.21%
13.79%		 40.48%
23.35%		 0.28%
0.28%		 21.41%
23.37%		 28.05%
27.90%
Invested Equity Capital £ (Millions) 2,555.80 2,600.00 1,908.10 1,750.00 949.30
           
Earnings per Share - Basic 122.50p
138.25p		 465.80p
237.52p		 230.00p
225.45p		 155.10p
175.54p		 172.80p
185.03p
Earnings per Share - Diluted 122.30p
138.05p		 464.80p
237.01p		 229.50p
224.96p		 154.80p
175.27p		 172.40p
184.60p
Earnings per Share - Adjusted 167.60p 272.00p 250.00p 175.50p 185.00p
Earnings per Share Growth - Basic -74%
-42%		 102%
5%		 48%
28%		 -10%
-5%		 -5%
-1%
Earnings per Share Growth - Diluted -74%
-42%		 102%
5%		 48%
28%		 -10%
-5%		 -4%
-0%
Earnings per Share Growth - Adjusted -38% 9% 42% -5% -3%
PE Ratio - Diluted 41.3
36.6		 14.2
27.9		 44.1
45.0		 42.6
37.6		 29.7
27.7
PEG - Diluted n/a
n/a		 0.1
5.6		 0.9
1.6		 n/a
n/a		 n/a
n/a
Tax Rate 27.17% 16.24% 21.56% 25.19% 25.97%
Dividend Cover 1.54
1.27		 2.52
2.20		 2.50
2.25		 1.93
1.93		 2.06
2.06
Interest Cover n/a
n/a		 n/a
n/a		 15.59
15.57		 13.83
15.10		 n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 122.50p
138.25p		 465.80p
237.52p		 2.32p
2.28p		 155.10p
175.54p		 172.80p
185.03p
Earnings per Share - Diluted 122.30p
138.05p		 464.80p
237.01p		 2.32p
2.27p		 154.80p
175.27p		 172.40p
184.60p
Earnings per Share - Adjusted 167.60p 272.00p 2.52p 175.50p 185.00p
Earnings per Share Growth - Basic -74%
-42%		 19,964%
10,337%		 -98%
-99%		 -10%
-5%		 -5%
-1%
Earnings per Share Growth - Diluted -74%
-42%		 19,964%
10,337%		 -98%
-99%		 -10%
-5%		 -4%
-0%
Earnings per Share Growth - Adjusted -38% 10,679% -99% -5% -3%
PE Ratio - Diluted 41.3
36.6		 14.2
27.9		 4,368.5
4,456.6		 42.6
37.6		 29.7
27.7
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 1.54
1.27		 2.52
2.20		 0.03
0.02		 1.93
1.93		 2.06
2.06
Return on Equity (ROE) 6.69%
7.55%		 24.97%
12.73%		 0.17%
0.17%		 11.52%
13.04%		 23.59%
25.26%
Operating Cash Flow per Share 241.76p 221.09p 249.25p 220.77p 234.49p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (89.33p) 129.48p 0.14p 13.46p 21.07p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 109.00p 108.00p 100.00p 91.00p 90.00p
Dividend per Share Growth 0.93% 8.00% 9.89% 1.11% 3.45%
Dividend Yield 2.2% 1.6% 1.0% 1.4% 1.8%
Shareholders Funds 2,352.50 2,415.60 1,753.10 1,585.80 861.60
Net Borrowings £ (Millions) 537.60 295.20 823.20 800.50 547.70
Net Asset Value per Share (inc. Intangibles) 676.22p 833.86p 345.16p 210.85p 321.22p

  £ (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 2,352.50 2,415.60 1,753.10 1,585.80 861.60
Net Borrowings £ (Millions) 537.60 295.20 823.20 800.50 547.70
Net Gearing 22.85% 12.22% 46.96% 50.48% 63.57%
Cash & Near Cash 172.50 320.60 112.80 106.50 81.90
Cash 7.33% 13.27% 6.43% 6.72% 9.51%
Gross Borrowings 710.10 615.80 936.00 907.00 629.60
Gross Gearing 30.18% 25.49% 53.39% 57.20% 73.07%
Borrowings Under 5 years 710.10 615.80 936.00 907.00 629.60
Under 5 years 30.18% 25.49% 53.39% 57.20% 73.07%
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 944.00 1,162.40 481.50 274.10 416.30
Net Borrowings £ (Millions) 537.60 295.20 823.20 800.50 547.70
Net Gearing 56.95% 25.40% 170.97% 292.05% 131.56%
Cash & Near Cash 172.50 320.60 112.80 106.50 81.90
Cash 18.27% 27.58% 23.43% 38.85% 19.67%
Gross Borrowings 710.10 615.80 936.00 907.00 629.60
Gross Gearing 75.22% 52.98% 194.39% 330.90% 151.24%
Borrowings Under 5 years 710.10 615.80 936.00 907.00 629.60
Under 5 years 75.22% 52.98% 194.39% 330.90% 151.24%
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 1.77 1.43 0.98 1.15 0.89
Current Ratio 2.84 2.38 1.94 2.02 1.69

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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