Elementis (ELM)

Sector:

Industrial Chemicals

Index:

FTSE 250

145.00p
   
  • Change Today:
      0.20p
  • 52 Week High: 148.80
  • 52 Week Low: 97.90
  • Currency: UK Pounds
  • Shares Issued: 590.58m
  • Volume: 75,873
  • Market Cap: £856.34m
  • RiskGrade: 191

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 1.0
Dividend Yield 0.0% 0.0% 0.0% 1.2% 3.6%
           
Continuing Operations          
PE Ratio - Adjusted 13.7 19.8 22.0 18.0 13.6
PE Ratio - Diluted n/a
13.9		 n/a
20.1		 n/a
n/a		 28.7
23.7		 24.3
16.5
PEG - Adjusted 0.4 0.7 n/a n/a n/a
PEG - Diluted n/a
0.4		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 0.01%
0.01%		 n/a
n/a		 12.16%
13.84%		 11.56%
16.09%
Operating Margin (5.85%)
(5.85%)		 1.16%
1.16%		 (3.93%)
(3.93%)		 10.35%
11.78%		 10.13%
14.11%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.7 1,541.8 22.0 18.0 13.6
PE Ratio - Diluted n/a
10.9		 41,242.2
1,556.6		 n/a
n/a		 28.7
23.7		 29.2
16.5
PEG - Adjusted 0.0 n/a n/a n/a n/a
PEG - Diluted n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 51.65% 49.22% 52.03% 54.73% 53.79%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 21.23p 14.68p (5.55p) (8.95p) (11.71p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 736.40 7.16 751.30 873.60 822.20
EBITDA 13.50
13.50		 0.67
0.67		 (29.50)
(29.50)		 160.50
173.00		 129.20
161.90
Depreciation (56.60)
(56.60)		 (0.59)
(0.59)		 n/a
n/a		 (70.10)
(70.10)		 (45.90)
(45.90)
Net Interest (11.70)
(11.70)		 (0.16)
(0.16)		 (39.30)
(39.30)		 (29.40)
(29.40)		 (17.90)
(17.90)
Profit Before Tax (54.80)
(54.80)		 (0.08)
(0.08)		 (68.80)
(68.80)		 61.00
73.50		 65.40
98.10
           
Revenue per Share 126.40p 1.23p 129.51p 150.72p 157.84p
Pre-Tax Profit per Share (9.41p)
(9.41p)		 (0.013p)
(0.013p)		 (11.86p)
(11.86p)		 10.53p
12.68p		 12.55p
18.83p
Market Capitalisation £ (Millions) 703.16 765.73 667.92 1,039.13 1,056.90
Enterprise Value (EV) £ (Millions) 1,145.26 1,286.53 1,218.02 1,636.43 1,646.10
EBITDA/EV 1.18%
1.18%		 0.05%
0.05%		 (2.42%)
(2.42%)		 9.81%
10.57%		 7.85%
9.84%
Operating Margin (5.85%)
(5.85%)		 1.16%
1.16%		 (3.93%)
(3.93%)		 10.35%
11.78%		 10.13%
14.11%
Capital Employed £ (Millions) 738.70 816.50 718.80 743.40 720.80
Return on Capital Employed n/a
n/a		 0.01%
0.01%		 n/a
n/a		 12.16%
13.84%		 11.56%
16.09%
Invested Equity Capital £ (Millions) 939.10 1,104.10 1,052.70 1,101.60 1,108.80
           
Earnings per Share - Basic (10.70¢)
11.12¢		 (1.40¢)
8.38¢		 (11.50¢)
(11.55¢)		 8.00¢
9.71¢		 9.50¢
14.15¢
Earnings per Share - Diluted (10.70¢)
10.94¢		 (1.40¢)
8.27¢		 (11.30¢)
(11.29¢)		 7.90¢
9.56¢		 9.50¢
14.00¢
Earnings per Share - Adjusted 11.10¢ 8.40¢ 6.60¢ 12.60¢ 17.00¢
Earnings per Share Growth - Basic n/a
33%		 n/a
n/a		 n/a
n/a		 -16%
-31%		 -61%
-5%
Earnings per Share Growth - Diluted n/a
32%		 n/a
n/a		 n/a
n/a		 -17%
-32%		 -60%
-5%
Earnings per Share Growth - Adjusted 32% 27% -48% -26% -10%
PE Ratio - Diluted n/a
13.9		 n/a
20.1		 n/a
n/a		 28.7
23.7		 24.3
16.5
PEG - Diluted n/a
0.4		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate (14.23%) (5.33%) 2.62% 23.93% 23.85%
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 4.50
3.47		 2.02
1.68
Interest Cover (1.54)
(1.54)		 0.72
0.72		 (0.74)
(0.74)		 3.05
3.47		 4.59
6.39
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (8.80¢)
14.18¢		 n/a
0.11¢		 (11.50¢)
(11.55¢)		 8.00¢
9.71¢		 7.90¢
14.09¢
Earnings per Share - Diluted (8.80¢)
13.95¢		 n/a
0.11¢		 (11.30¢)
(11.29¢)		 7.90¢
9.56¢		 7.90¢
13.95¢
Earnings per Share - Adjusted 11.10¢ 0.11¢ 6.60¢ 12.60¢ 17.00¢
Earnings per Share Growth - Basic n/a
12,978%		 n/a
n/a		 n/a
n/a		 1%
-31%		 -69%
-11%
Earnings per Share Growth - Diluted n/a
12,936%		 n/a
n/a		 n/a
n/a		 n/a
-31%		 -68%
-11%
Earnings per Share Growth - Adjusted 10,177% -98% -48% -26% -14%
PE Ratio - Diluted n/a
10.9		 41,242.2
1,556.6		 n/a
n/a		 28.7
23.7		 29.2
16.5
PEG - Diluted n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 4.50
3.47		 2.02
1.68
Return on Equity (ROE) (5.44%)
8.80%		 n/a
0.06%		 (6.36%)
(6.36%)		 4.21%
5.11%		 3.73%
6.62%
Operating Cash Flow per Share 13.22p 11.48p 18.46p 24.74p 16.18p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (4.75p) (0.041p) 0.55p 1.52p 8.81p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a n/a 2.80¢ 8.40¢
Dividend per Share Growth n/a n/a n/a (66.67%) (4.55%)
Dividend Yield 0.0% 0.0% 0.0% 1.2% 3.6%
Shareholders Funds 783.90 901.00 860.40 906.20 915.60
Net Borrowings £ (Millions) 404.90 443.50 447.70 496.00 498.10
Net Asset Value per Share (inc. Intangibles) 21.23p 14.68p (5.55p) (8.95p) (11.71p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 783.90 901.00 860.40 906.20 915.60
Net Borrowings £ (Millions) 404.90 443.50 447.70 496.00 498.10
Net Gearing 51.65% 49.22% 52.03% 54.73% 53.79%
Cash & Near Cash 54.90 84.60 111.00 103.90 96.10
Cash 7.00% 9.39% 12.90% 11.47% 10.50%
Gross Borrowings 459.80 528.10 558.70 599.90 594.20
Gross Gearing 58.66% 58.61% 64.93% 66.20% 64.29%
Borrowings Under 5 years 459.80 528.10 558.70 599.90 594.20
Under 5 years 58.66% 58.61% 64.93% 66.20% 64.90%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 123.70 85.30 (32.20) (51.90) (61.00)
Net Borrowings £ (Millions) 404.90 443.50 447.70 496.00 498.10
Net Gearing 327.32% 519.93% n/a n/a n/a
Cash & Near Cash 54.90 84.60 111.00 103.90 96.10
Cash 44.38% 99.18% (344.72%) (200.19%) (157.54%)
Gross Borrowings 459.80 528.10 558.70 599.90 594.20
Gross Gearing 371.71% 619.11% 1,735.10% 1,155.88% 964.92%
Borrowings Under 5 years 459.80 528.10 558.70 599.90 594.20
Under 5 years 371.71% 619.11% (1,735.10%) (1,155.88%) (974.10%)
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 0.97 1.18 1.18 1.28 1.40
Current Ratio 2.01 2.14 2.03 2.24 2.52

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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