FirstGroup (FGP)

Sector:

Commercial Transport

Index:

FTSE 250

165.20p
   
  • Change Today:
      1.50p
  • 52 Week High: 187.70
  • 52 Week Low: 110.70
  • Currency: UK Pounds
  • Shares Issued: 636.56m
  • Volume: 791,195
  • Market Cap: £1,051.59m
  • RiskGrade: 282

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 31-Mar-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.2
Dividend Yield 3.8% 1.0% 0.0% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted 9.5 67.1 n/a n/a 6.8
PE Ratio - Diluted 9.8
9.8		 n/a
51.9		 102.5
n/a		 n/a
n/a		 n/a
7.5
PEG - Adjusted 0.0 n/a n/a n/a 0.2
PEG - Diluted n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
0.0
Return on Capital Employed 5.43%
5.68%		 5.31%
4.61%		 0.03%
n/a		 n/a
1.67%		 0.12%
3.70%
Operating Margin 3.24%
3.24%		 2.67%
2.32%		 3.96%
(0.45%)		 (4.64%)
1.50%		 0.14%
4.25%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.4 10.5 1,406.0 n/a 27.4
PE Ratio - Diluted 8.9
10.7		 1.8
11.0		 1,428.0
n/a		 n/a
38.1		 n/a
29.9
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.0
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 31-Mar-19
Net Gearing 172.33% 71.42% 201.98% 273.66% 61.51%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 31-Mar-19
Price/Book Value 1.2 1.5 1.1 (1.1) (7.3)
Price/Tangible Book Value 1.2 1.5 1.0 (1.1) (9.2)
Price/ Cash Flow 1.3 (93.0) 0.9 0.6 1.9
Price/Revenue 0.16 0.25 25.47 0.12 0.62
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 86.60p 73.72p 87.57p (44.46p) (12.43p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 31-Mar-19
Continuing Operations          
Revenue 4,755.00 4,591.10 43.59 4,668.38 1,780.51
EBITDA 884.40
884.40		 862.50
846.40		 8.64
6.71		 419.00
705.47		 101.36
174.61
Depreciation (730.50)
(730.50)		 (739.70)
(739.70)		 (6.91)
(6.91)		 (635.38)
(635.38)		 (98.91)
(98.91)
Net Interest (56.80)
(56.80)		 (140.50)
(81.90)		 (1.43)
(1.43)		 (123.68)
(123.68)		 (26.91)
(26.63)
Profit Before Tax 97.10
104.20		 (17.70)
24.80		 0.29
(1.63)		 (340.06)
(53.59)		 (24.46)
49.07
           
Revenue per Share 643.00p 434.35p 3.62p 385.53p 147.65p
Pre-Tax Profit per Share 13.13p
14.09p		 (1.68p)
2.35p		 0.024p
(0.14p)		 (28.08p)
(4.43p)		 (2.03p)
4.07p
Market Capitalisation £ (Millions) 759.61 804.96 1,127.11 579.26 1,104.04
Enterprise Value (EV) £ (Millions) 2,819.21 2,189.46 4,930.01 4,844.26 2,702.44
EBITDA/EV 31.37%
31.37%		 39.39%
38.66%		 0.18%
0.14%		 8.65%
14.56%		 3.75%
6.46%
Operating Margin 3.24%
3.24%		 2.67%
2.32%		 3.96%
(0.45%)		 (4.64%)
1.50%		 0.14%
4.25%
Capital Employed £ (Millions) 2,832.60 2,313.70 5,007.70 4,199.00 2,047.60
Return on Capital Employed 5.43%
5.68%		 5.31%
4.61%		 0.03%
n/a		 n/a
1.67%		 0.12%
3.70%
Invested Equity Capital £ (Millions) 865.40 997.30 1,313.50 1,667.60 2,103.00
           
Earnings per Share - Basic 10.60p
10.64p		 (1.10p)
2.14p		 0.90p
(11.02p)		 (27.80p)
(4.35p)		 (5.50p)
12.27p
Earnings per Share - Diluted 10.30p
10.31p		 (1.10p)
2.07p		 0.90p
(10.77p)		 (27.80p)
(4.30p)		 (5.50p)
12.19p
Earnings per Share - Adjusted 10.60p 1.60p (2.80)p (3.40)p 13.30p
Earnings per Share Growth - Basic n/a
398%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
173%
Earnings per Share Growth - Diluted n/a
398%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
172%
Earnings per Share Growth - Adjusted 562% n/a n/a n/a 36%
PE Ratio - Diluted 9.8
9.8		 n/a
51.9		 102.5
n/a		 n/a
n/a		 n/a
7.5
PEG - Diluted n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
0.0
Tax Rate 10.71% 67.23% 21.65% 1.06% (10.32%)
Dividend Cover 2.79
2.80		 1.45
1.94		 n/a
n/a		 n/a
n/a		 n/a
n/a
Interest Cover 2.41
2.51		 0.88
1.30		 1.20
(0.12)		 (1.69)
0.58		 0.11
2.80
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 11.80p
9.75p		 60.20p
10.12p		 0.066p
(0.011p)		 (27.15p)
1.26p		 (1.37p)
3.07p
Earnings per Share - Diluted 11.40p
9.44p		 60.20p
9.79p		 0.065p
(0.011p)		 (27.15p)
1.25p		 (1.37p)
3.05p
Earnings per Share - Adjusted 9.70p 10.20p 0.066p (3.42p) 3.32p
Earnings per Share Growth - Basic -80%
-4%		 91,655%
n/a		 n/a
n/a		 n/a
-59%		 n/a
-32%
Earnings per Share Growth - Diluted -81%
-4%		 93,089%
n/a		 n/a
n/a		 n/a
-59%		 n/a
-32%
Earnings per Share Growth - Adjusted -5% 15,447% n/a n/a -66%
PE Ratio - Diluted 8.9
10.7		 1.8
11.0		 1,428.0
n/a		 n/a
38.1		 n/a
29.9
PEG - Diluted n/a
n/a		 0.0
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 2.55
2.57		 9.27
9.20		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Equity (ROE) 10.06%
8.33%		 63.81%
10.73%		 0.06%
(0.01%)		 (19.73%)
0.92%		 (0.79%)
1.76%
Operating Cash Flow per Share 77.59p (1.15p) 100.07p 79.04p 46.74p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 1.66p (70.29p) 0.48p 14.38p 3.09p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 3.80p 1.10p n/a n/a n/a
Dividend per Share Growth 245.45% n/a n/a n/a n/a
Dividend Yield 3.8% 1.0% 0.0% 0.0% 0.0%
Shareholders Funds 740.20 876.60 1,178.00 1,209.80 1,554.50
Net Borrowings £ (Millions) 1,275.60 626.10 2,379.30 3,310.70 956.10
Net Asset Value per Share (inc. Intangibles) 85.17p 72.91p 89.56p (41.73p) (9.84p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 31-Mar-19
Shareholders' Funds inc Intangibles 740.20 876.60 1,178.00 1,209.80 1,554.50
Net Borrowings £ (Millions) 1,275.60 626.10 2,379.30 3,310.70 956.10
Net Gearing 172.33% 71.42% 201.98% 273.66% 61.51%
Cash & Near Cash 791.40 787.70 1,438.90 968.90 692.90
Cash 106.92% 89.86% 122.15% 80.09% 44.57%
Gross Borrowings 2,067.00 1,413.80 3,818.20 4,279.60 1,649.00
Gross Gearing 279.25% 161.28% 324.13% 353.74% 106.08%
Borrowings Under 5 years 2,067.00 1,413.80 3,818.20 4,279.60 1,649.00
Under 5 years 279.25% 161.28% 324.13% 353.74% 106.08%
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 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 31-Mar-19
Shareholders' Funds exc Intangibles 629.80 770.70 1,077.90 (505.30) (118.70)
Net Borrowings £ (Millions) 1,275.60 626.10 2,379.30 3,310.70 956.10
Net Gearing 202.54% 81.24% 220.73% n/a n/a
Cash & Near Cash 791.40 787.70 1,438.90 968.90 692.90
Cash 125.66% 102.21% 133.49% (191.75%) (583.74%)
Gross Borrowings 2,067.00 1,413.80 3,818.20 4,279.60 1,649.00
Gross Gearing 328.20% 183.44% 354.23% 846.94% 1,389.22%
Borrowings Under 5 years 2,067.00 1,413.80 3,818.20 4,279.60 1,649.00
Under 5 years 328.20% 183.44% 354.23% (846.94%) (1,389.22%)
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 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 31-Mar-19
Quick Ratio 0.86 0.72 0.70 0.74 0.97
Current Ratio 0.87 0.74 0.71 0.76 1.01

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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