Halma (HLMA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 100

2,129.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 2,498.00p
  • 52 Week Low: 1,810.50p
  • Currency: UK Pounds
  • Shares Issued: 379.65m
  • Volume: 76,907
  • Market Cap: £8,083m
  • RiskGrade: 112
  • Beta: 0.82

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 0.9% 0.8% 0.7% 0.9% 0.9%
           
Continuing Operations          
PE Ratio - Adjusted 29.2 38.3 40.5 33.5 31.7
PE Ratio - Diluted 36.0
34.3		 39.0
44.3		 44.3
47.3		 39.5
33.5		 37.3
36.4
PEG - Adjusted 1.7 3.2 20.2 3.7 2.0
PEG - Diluted n/a
2.3		 1.9
3.4		 4.4
n/a		 4.4
1.3		 3.7
1.9
Return on Capital Employed 36.19%
37.57%		 46.85%
42.05%		 0.52%
0.50%		 45.25%
54.02%		 62.06%
65.78%
Operating Margin 16.65%
17.28%		 20.51%
18.40%		 19.94%
18.97%		 17.66%
21.08%		 17.90%
18.98%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 29.2 38.3 4,008.7 33.5 31.7
PE Ratio - Diluted 36.0
34.3		 39.0
44.3		 4,387.0
4,689.0		 39.5
33.5		 37.3
36.4
PEG - Adjusted 1.7 0.0 n/a 3.7 0.1
PEG - Diluted n/a
2.3		 0.0
0.0		 n/a
n/a		 4.4
1.3		 0.2
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Gearing 37.32% 19.59% 21.95% 32.99% 18.51%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Price/Book Value 1,381.3 56.2 130.3 (243.6) 150.2
Price/Tangible Book Value 1,404.3 56.3 131.4 (249.4) 150.2
Price/ Cash Flow 32.7 40.0 32.4 28.5 28.9
Price/Revenue 4.55 6.23 676.56 5.44 5.24
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1.61p 44.68p 18.22p (7.89p) 11.13p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 1,852.80 1,525.30 13.31 1,338.40 1,210.90
EBITDA 409.90
421.70		 401.40
369.30		 3.57
3.44		 326.20
372.00		 283.70
296.00
Depreciation (101.50)
(101.50)		 (88.60)
(88.60)		 (0.91)
(0.91)		 (89.90)
(89.90)		 (66.90)
(66.20)
Net Interest (16.90)
(16.90)		 (8.40)
(8.40)		 (0.10)
(0.10)		 (12.10)
(15.00)		 (10.00)
(10.00)
Profit Before Tax 291.50
303.30		 304.40
272.30		 2.55
2.42		 224.10
267.00		 206.70
219.70
           
Revenue per Share 490.16p 402.77p 3.51p 353.06p 319.36p
Pre-Tax Profit per Share 77.12p
80.24p		 80.38p
71.90p		 0.67p
0.64p		 59.12p
70.43p		 54.52p
57.94p
Market Capitalisation £ (Millions) 8,462.29 9,529.10 9,012.78 7,292.99 6,347.67
Enterprise Value (EV) £ (Millions) 9,226.99 9,960.60 9,398.88 7,762.89 6,609.67
EBITDA/EV 4.44%
4.57%		 4.03%
3.71%		 0.04%
0.04%		 4.20%
4.79%		 4.29%
4.48%
Operating Margin 16.65%
17.28%		 20.51%
18.40%		 19.94%
18.97%		 17.66%
21.08%		 17.90%
18.98%
Capital Employed £ (Millions) 852.20 667.60 508.40 522.00 349.20
Return on Capital Employed 36.19%
37.57%		 46.85%
42.05%		 0.52%
0.50%		 45.25%
54.02%		 62.06%
65.78%
Invested Equity Capital £ (Millions) 1,678.70 1,468.90 1,216.00 1,207.90 1,025.50
           
Earnings per Share - Basic 62.04p
65.16p		 64.54p
56.75p		 53.61p
50.26p		 48.66p
57.40p		 44.78p
45.89p
Earnings per Share - Diluted 61.86p
64.97p		 64.42p
56.64p		 53.61p
50.16p		 48.66p
57.40p		 44.78p
45.89p
Earnings per Share - Adjusted 76.34p 65.48p 58.67p 57.39p 52.74p
Earnings per Share Growth - Basic -4%
15%		 20%
13%		 10%
-12%		 9%
25%		 10%
19%
Earnings per Share Growth - Diluted -4%
15%		 20%
13%		 10%
-13%		 9%
25%		 10%
19%
Earnings per Share Growth - Adjusted 17% 12% 2% 9% 16%
PE Ratio - Diluted 36.0
34.3		 39.0
44.3		 44.3
47.3		 39.5
33.5		 37.3
36.4
PEG - Diluted n/a
2.3		 1.9
3.4		 4.4
n/a		 4.4
1.3		 3.7
1.9
Tax Rate 19.62% 19.78% 19.61% 17.71% 17.84%
Dividend Cover 3.78
3.23		 3.47
3.01		 3.32
2.85		 3.48
3.48		 3.36
2.92
Interest Cover 16.59
17.22		 34.82
31.26		 23.99
22.83		 18.65
22.02		 20.69
21.92
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 62.04p
65.16p		 64.54p
56.75p		 0.54p
0.51p		 48.66p
57.40p		 44.78p
45.89p
Earnings per Share - Diluted 61.86p
64.97p		 64.42p
56.64p		 0.54p
0.51p		 48.66p
57.40p		 44.78p
45.89p
Earnings per Share - Adjusted 76.34p 65.48p 0.59p 57.39p 52.74p
Earnings per Share Growth - Basic -4%
15%		 11,827%
11,085%		 -99%
-99%		 9%
25%		 231%
259%
Earnings per Share Growth - Diluted -4%
15%		 11,804%
11,088%		 -99%
-99%		 9%
25%		 231%
259%
Earnings per Share Growth - Adjusted 17% 10,957% -99% 9% 251%
PE Ratio - Diluted 36.0
34.3		 39.0
44.3		 4,387.0
4,689.0		 39.5
33.5		 37.3
36.4
PEG - Diluted n/a
2.3		 0.0
0.0		 n/a
n/a		 4.4
1.3		 0.2
0.1
Dividend Cover 3.78
3.23		 3.47
3.01		 0.03
0.03		 3.48
3.48		 3.36
2.92
Return on Equity (ROE) 13.97%
14.67%		 16.64%
14.63%		 0.17%
0.16%		 15.27%
18.01%		 16.56%
16.97%
Operating Cash Flow per Share 68.25p 62.69p 73.21p 67.40p 57.76p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 2.67p 5.49p 0.080p 8.65p 0.37p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 20.20p 18.88p 17.65p 16.50p 15.71p
Dividend per Share Growth 6.99% 6.97% 6.97% 5.03% 7.02%
Dividend Yield 0.9% 0.8% 0.7% 0.9% 0.9%
Shareholders Funds 1,598.80 1,402.70 1,167.00 1,137.60 981.40
Net Borrowings £ (Millions) 596.70 274.80 256.20 375.30 181.70
Net Asset Value per Share (inc. Intangibles) 1.59p 44.57p 18.06p (7.70p) 11.13p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Shareholders' Funds inc Intangibles 1,598.80 1,402.70 1,167.00 1,137.60 981.40
Net Borrowings £ (Millions) 596.70 274.80 256.20 375.30 181.70
Net Gearing 37.32% 19.59% 21.95% 32.99% 18.51%
Cash & Near Cash 169.50 157.40 134.10 106.30 81.20
Cash 10.60% 11.22% 11.49% 9.34% 8.27%
Gross Borrowings 766.20 432.20 390.30 481.60 262.90
Gross Gearing 47.92% 30.81% 33.44% 42.33% 26.79%
Borrowings Under 5 years 766.20 432.20 390.30 481.60 262.90
Under 5 years 47.92% 30.81% 33.44% 42.33% 26.79%
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-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Shareholders' Funds exc Intangibles 6.00 168.80 68.50 (29.20) 42.20
Net Borrowings £ (Millions) 596.70 274.80 256.20 375.30 181.70
Net Gearing 9,945.00% 162.80% 374.01% n/a 430.57%
Cash & Near Cash 169.50 157.40 134.10 106.30 81.20
Cash 2,825.00% 93.25% 195.77% (364.04%) 192.42%
Gross Borrowings 766.20 432.20 390.30 481.60 262.90
Gross Gearing 12,770.00% 256.04% 569.78% 1,649.31% 622.99%
Borrowings Under 5 years 766.20 432.20 390.30 481.60 262.90
Under 5 years 12,770.00% 256.04% 569.78% (1,649.31%) 622.99%
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-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Quick Ratio 1.71 1.33 1.64 1.29 1.60
Current Ratio 2.62 1.96 2.31 1.84 2.28

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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