Inchcape (INCH)

Sector:

Support

Index:

FTSE 250

806.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 847.00
  • 52 Week Low: 624.50
  • Currency: UK Pounds
  • Shares Issued: 413.01m
  • Volume: 67,466
  • Market Cap: £3,328.84m
  • RiskGrade: 124

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 4.7% 3.5% 2.5% 1.1% 1.3%
           
Continuing Operations          
PE Ratio - Adjusted 8.4 11.4 19.6 27.9 11.8
PE Ratio - Diluted 11.0
8.8		 15.0
12.4		 45.2
22.3		 n/a
28.1		 9.0
11.9
PEG - Adjusted 0.5 0.2 0.2 n/a n/a
PEG - Diluted 0.6
0.4		 0.1
0.2		 n/a
0.3		 n/a
n/a		 0.0
n/a
Return on Capital Employed 26.00%
20.63%		 15.17%
14.42%		 0.13%
0.19%		 n/a
12.79%		 29.86%
24.84%
Operating Margin 3.61%
4.30%		 4.09%
4.43%		 2.63%
3.79%		 (1.36%)
2.40%		 4.78%
3.98%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 8.4 11.4 1,946.1 27.9 11.8
PE Ratio - Diluted 11.0
8.8		 n/a
205.6		 3,044.0
1,793.4		 n/a
28.1		 9.0
11.9
PEG - Adjusted 0.5 0.0 n/a n/a 0.0
PEG - Diluted n/a
0.0		 n/a
0.3		 n/a
n/a		 n/a
n/a		 0.0
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 68.44% 57.21% (4.93%) 6.50% 19.55%

  £ (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 8.4 7.9 4.8 4.0 4.0
Price/Tangible Book Value 11.8 8.6 5.0 4.1 4.1
Price/ Cash Flow 5.0 6.2 9.4 10.2 8.8
Price/Revenue 0.26 0.38 51.00 0.37 0.31
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 84.80p 104.41p 188.54p 161.30p 176.32p
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 11,447.00 8,133.00 69.66 6,837.80 9,379.70
EBITDA 413.00
492.00		 333.00
360.00		 2.93
3.74		 15.80
272.90		 448.60
373.10
Depreciation n/a
n/a		 n/a
n/a		 (1.10)
(1.10)		 (108.80)
(108.80)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 (0.33)
(0.33)		 (36.60)
(36.60)		 (47.10)
(47.10)
Profit Before Tax 413.00
492.00		 333.00
380.00		 1.50
2.31		 (129.60)
127.50		 401.80
326.30
           
Revenue per Share 2,781.38p 2,160.75p 17.83p 1,735.86p 2,294.73p
Pre-Tax Profit per Share 100.35p
119.55p		 88.47p
100.96p		 0.39p
0.59p		 (32.90p)
32.37p		 98.30p
79.83p
Market Capitalisation £ (Millions) 2,955.07 3,070.85 3,491.13 2,530.72 2,817.88
Enterprise Value (EV) £ (Millions) 4,577.07 4,914.45 3,994.23 3,045.52 3,452.78
EBITDA/EV 9.02%
10.75%		 6.78%
7.33%		 0.07%
0.09%		 0.52%
8.96%		 12.99%
10.81%
Operating Margin 3.61%
4.30%		 4.09%
4.43%		 2.63%
3.79%		 (1.36%)
2.40%		 4.78%
3.98%
Capital Employed £ (Millions) 2,385.00 2,636.00 1,369.60 1,283.20 1,503.20
Return on Capital Employed 26.00%
20.63%		 15.17%
14.42%		 0.13%
0.19%		 n/a
12.79%		 29.86%
24.84%
Invested Equity Capital £ (Millions) 1,827.00 1,835.00 1,200.40 1,140.80 1,387.90
           
Earnings per Share - Basic 65.60p
82.37p		 61.10p
73.86p		 20.30p
41.17p		 (36.00p)
23.08p		 79.00p
59.91p
Earnings per Share - Diluted 64.80p
81.30p		 54.60p
66.01p		 20.10p
40.70p		 (36.00p)
22.92p		 78.40p
59.48p
Earnings per Share - Adjusted 84.80p 72.00p 46.30p 23.10p 59.90p
Earnings per Share Growth - Basic 7%
12%		 201%
79%		 n/a
78%		 n/a
-62%		 913%
-6%
Earnings per Share Growth - Diluted 19%
23%		 172%
62%		 n/a
78%		 n/a
-62%		 905%
-6%
Earnings per Share Growth - Adjusted 18% 56% 100% -61% -6%
PE Ratio - Diluted 11.0
8.8		 15.0
12.4		 45.2
22.3		 n/a
28.1		 9.0
11.9
PEG - Diluted 0.6
0.4		 0.1
0.2		 n/a
0.3		 n/a
n/a		 0.0
n/a
Tax Rate 31.48% 29.43% 43.41% (7.33%) 18.21%
Dividend Cover 2.50
2.43		 2.50
2.56		 2.06
1.83		 3.35
3.34		 6.73
6.73
Interest Cover n/a
n/a		 n/a
n/a		 4.41
6.24		 (1.54)
3.50		 6.64
5.58
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 65.60p
82.37p		 (2.90p)
4.46p		 0.30p
0.51p		 (36.00p)
23.08p		 79.00p
59.91p
Earnings per Share - Diluted 64.80p
81.30p		 (2.50p)
3.99p		 0.30p
0.51p		 (36.00p)
22.92p		 78.40p
59.48p
Earnings per Share - Adjusted 84.80p 72.00p 0.47p 23.10p 59.90p
Earnings per Share Growth - Basic n/a
1,746%		 n/a
770%		 n/a
-98%		 n/a
-62%		 3,954%
276%
Earnings per Share Growth - Diluted n/a
1,938%		 n/a
687%		 n/a
-98%		 n/a
-62%		 3,923%
276%
Earnings per Share Growth - Adjusted 18% 15,306% -98% -61% 276%
PE Ratio - Diluted 11.0
8.8		 n/a
205.6		 3,044.0
1,793.4		 n/a
28.1		 9.0
11.9
PEG - Diluted n/a
0.0		 n/a
0.3		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 2.50
2.43		 2.50
0.15		 0.02
0.02		 3.35
3.34		 6.73
6.73
Return on Equity (ROE) 14.78%
18.56%		 (0.61%)
0.92%		 0.10%
0.17%		 (12.45%)
7.97%		 23.27%
17.65%
Operating Cash Flow per Share 144.09p 131.24p 96.52p 63.26p 80.05p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (130.24p) 102.29p 0.46p 24.70p (6.07p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 33.90p 28.80p 22.50p 6.90p 8.90p
Dividend per Share Growth 17.71% 28.00% 226.09% (22.47%) (66.79%)
Dividend Yield 4.7% 3.5% 2.5% 1.1% 1.3%
Shareholders Funds 1,521.00 1,533.00 1,108.90 1,041.90 1,278.30
Net Borrowings £ (Millions) 1,041.00 876.60 (54.70) 67.70 249.90
Net Asset Value per Share (inc. Intangibles) 60.74p 95.38p 183.01p 156.41p 171.35p

  £ (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 1,521.00 1,533.00 1,108.90 1,041.90 1,278.30
Net Borrowings £ (Millions) 1,041.00 876.60 (54.70) 67.70 249.90
Net Gearing 68.44% 57.21% (4.93%) 6.50% 19.55%
Cash & Near Cash 689.00 1,064.00 596.40 481.20 423.00
Cash 45.30% 69.41% 53.78% 46.18% 33.09%
Gross Borrowings 1,730.00 1,940.60 541.70 548.90 672.90
Gross Gearing 113.74% 126.61% 48.85% 52.68% 52.64%
Borrowings Under 5 years 1,730.00 1,940.60 541.70 548.90 672.90
Under 5 years 113.74% 126.59% 48.85% 52.68% 52.64%
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 250.00 359.00 714.80 616.10 700.40
Net Borrowings £ (Millions) 1,041.00 876.60 (54.70) 67.70 249.90
Net Gearing 416.40% 244.29% (7.65%) 10.99% 35.68%
Cash & Near Cash 689.00 1,064.00 596.40 481.20 423.00
Cash 275.60% 296.38% 83.44% 78.10% 60.39%
Gross Borrowings 1,730.00 1,940.60 541.70 548.90 672.90
Gross Gearing 692.00% 540.67% 75.78% 89.09% 96.07%
Borrowings Under 5 years 1,730.00 1,940.60 541.70 548.90 672.90
Under 5 years 692.00% 540.56% 75.78% 89.09% 96.07%
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)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.40 0.53 0.55 0.49 0.44
Current Ratio 1.06 1.17 1.20 1.16 1.14

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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