£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 |
Annualisation Factor | 1.0 | 1.0 | 1.0 | n/a | 1.0 |
Dividend Yield | 0.0% | 4.6% | 8.0% | 3.3% | 0.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | n/a | 28.7 | 4.9 | 6.2 | 26.2 |
PE Ratio - Diluted | n/a n/a |
n/a 29.5 |
6.3 4.9 |
n/a 6.1 |
n/a n/a |
PEG - Adjusted | n/a | n/a | n/a | 0.0 | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Return on Capital Employed | n/a n/a |
n/a 1.07% |
8.15% 9.38% |
0.10% 0.11% |
1.89% 1.95% |
Operating Margin | (29.73%) (24.65%) |
(2.45%) 2.29% |
22.90% 26.34% |
29.71% 32.67% |
3.72% 3.83% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | n/a | 28.7 | 4.9 | 618.9 | 26.2 |
PE Ratio - Diluted | n/a n/a |
n/a 29.5 |
6.3 5.2 |
n/a n/a |
n/a n/a |
PEG - Adjusted | n/a | n/a | 0.0 | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 |
Net Gearing | n/a | (21.17%) | 65.04% | 29.53% | (51.00%) |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 |
Price/Book Value | 0.3 | 0.8 | 1.0 | 1.8 | 1.5 |
Price/Tangible Book Value | 0.3 | 0.8 | 1.0 | 1.8 | 1.5 |
Price/ Cash Flow | 0.3 | 0.6 | (2.3) | 5.5 | 2.1 |
Price/Revenue | 0.25 | 0.67 | 1.00 | 186.36 | 1.27 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 148.14p | 166.92p | 191.39p | 202.51p | 209.46p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 |
Continuing Operations | |||||
Revenue | 458.50 | 488.80 | 480.70 | 4.83 | 615.40 |
EBITDA | (136.30) (113.00) |
(12.00) 11.20 |
122.20 131.20 |
1.70 1.84 |
48.80 49.50 |
Depreciation | n/a n/a |
n/a n/a |
(12.10) (4.60) |
(0.26) (0.26) |
(25.90) (25.90) |
Net Interest | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
(59.90) (59.90) |
Profit Before Tax | (136.30) (113.00) |
(12.00) 11.20 |
110.10 126.60 |
1.44 1.58 |
(37.00) (36.30) |
Revenue per Share | 179.45p | 193.20p | 191.59p | 1.93p | 242.67p |
Pre-Tax Profit per Share | (53.35p) (44.23p) |
(4.74p) 4.43p |
43.88p 50.46p |
0.57p 0.63p |
(14.59p) (14.31p) |
Market Capitalisation £ (Millions) | 114.14 | 331.40 | 485.27 | 911.29 | 778.55 |
Enterprise Value (EV) £ (Millions) | 556.64 | 954.80 | 1,349.97 | 1,815.39 | 1,367.95 |
EBITDA/EV | (24.49%) (20.30%) |
(1.26%) 1.17% |
9.05% 9.72% |
0.09% 0.10% |
3.57% 3.62% |
Operating Margin | (29.73%) (24.65%) |
(2.45%) 2.29% |
22.90% 26.34% |
29.71% 32.67% |
3.72% 3.83% |
Capital Employed £ (Millions) | 836.50 | 1,051.50 | 1,350.10 | 1,483.90 | 1,211.60 |
Return on Capital Employed | n/a n/a |
n/a 1.07% |
8.15% 9.38% |
0.10% 0.11% |
1.89% 1.95% |
Invested Equity Capital £ (Millions) | 456.70 | 574.90 | 619.90 | 703.30 | 738.70 |
Earnings per Share - Basic | (46.70p) (37.57p) |
(4.60p) 4.54p |
30.80p 39.38p |
(12.80p) 59.35p |
(32.90p) (18.38p) |
Earnings per Share - Diluted | (46.70p) (37.57p) |
(4.60p) 4.38p |
30.50p 38.94p |
(12.80p) 59.05p |
(32.90p) (18.38p) |
Earnings per Share - Adjusted | (9.70)p | 4.50p | 38.70p | 57.50p | 11.70p |
Earnings per Share Growth - Basic | n/a n/a |
n/a -88% |
n/a -34% |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a -89% |
n/a -34% |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | n/a | -88% | -33% | 392% | -74% |
PE Ratio - Diluted | n/a n/a |
n/a 29.5 |
6.3 4.9 |
n/a 6.1 |
n/a n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | 12.47% | 2.50% | 25.25% | 5.34% | n/a |
Dividend Cover | n/a n/a |
0.75 0.76 |
2.53 2.57 |
4.79 4.95 |
n/a n/a |
Interest Cover | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
0.38 0.39 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (46.70p) (37.57p) |
(4.60p) 4.54p |
30.80p 37.42p |
(0.13p) (0.072p) |
(32.90p) (36.04p) |
Earnings per Share - Diluted | (46.70p) (37.57p) |
(4.60p) 4.38p |
30.50p 37.01p |
(0.13p) (0.072p) |
(32.90p) (36.04p) |
Earnings per Share - Adjusted | (9.70p) | 4.50p | 38.70p | 0.58p | 11.70p |
Earnings per Share Growth - Basic | n/a n/a |
n/a -88% |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a -88% |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | n/a | -88% | 6,568% | -95% | -74% |
PE Ratio - Diluted | n/a n/a |
n/a 29.5 |
6.3 5.2 |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | n/a n/a |
0.75 0.76 |
2.53 2.45 |
0.05 (0.01) |
n/a n/a |
Return on Equity (ROE) | (26.12%) (21.02%) |
(2.04%) 2.00% |
12.49% 15.15% |
(0.05%) (0.03%) |
(11.29%) (12.37%) |
Operating Cash Flow per Share | 172.29p | 231.11p | (81.67p) | 65.06p | 143.49p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 102.15p | 109.84p | (99.72p) | (0.82p) | 223.78p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | n/a | 6.00p | 15.30p | 12.00p | n/a |
Dividend per Share Growth | n/a | (60.78%) | 27.50% | n/a | n/a |
Dividend Yield | 0.0% | 4.6% | 8.0% | 3.3% | 0.0% |
Shareholders Funds | 441.20 | 569.10 | 614.70 | 631.20 | 647.70 |
Net Borrowings £ (Millions) | (561.40) | (120.50) | 399.80 | 186.40 | (330.30) |
Net Asset Value per Share (inc. Intangibles) | 148.14p | 166.92p | 191.39p | 202.51p | 209.46p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 |
Shareholders' Funds inc Intangibles | 441.20 | 569.10 | 614.70 | 631.20 | 647.70 |
Net Borrowings £ (Millions) | (561.40) | (120.50) | 399.80 | 186.40 | (330.30) |
Net Gearing | n/a | (21.17%) | 65.04% | 29.53% | (51.00%) |
Cash & Near Cash | 1,003.90 | 743.90 | 464.90 | 717.70 | 919.70 |
Cash | 227.54% | 130.72% | 75.63% | 113.70% | 141.99% |
Gross Borrowings | 442.50 | 623.40 | 864.70 | 904.10 | 589.40 |
Gross Gearing | 100.29% | 109.54% | 140.67% | 143.24% | 91.00% |
Borrowings Under 5 years | 442.50 | 623.40 | 864.70 | 904.10 | 589.40 |
Under 5 years | 100.29% | 109.54% | 140.67% | 143.24% | 91.00% |
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-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 |
Shareholders' Funds exc Intangibles | 378.50 | 422.30 | 480.20 | 507.70 | 531.20 |
Net Borrowings £ (Millions) | (561.40) | (120.50) | 399.80 | 186.40 | (330.30) |
Net Gearing | n/a | (28.53%) | 83.26% | 36.71% | (62.18%) |
Cash & Near Cash | 1,003.90 | 743.90 | 464.90 | 717.70 | 919.70 |
Cash | 265.23% | 176.15% | 96.81% | 141.36% | 173.14% |
Gross Borrowings | 442.50 | 623.40 | 864.70 | 904.10 | 589.40 |
Gross Gearing | 116.91% | 147.62% | 180.07% | 178.08% | 110.96% |
Borrowings Under 5 years | 442.50 | 623.40 | 864.70 | 904.10 | 589.40 |
Under 5 years | 116.91% | 147.62% | 180.07% | 178.08% | 110.96% |
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-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 |
Quick Ratio | n/a | n/a | n/a | n/a | n/a |
Current Ratio | n/a | n/a | n/a | 635.32 | 4,592.00 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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