Provident Financial (PFG)

Sector:

Financials

Index:

FTSE 250

193.60p
   
  • Change Today:
    -2.40p
  • 52 Week High: 381.60
  • 52 Week Low: 185.20
  • Currency: UK Pounds
  • Shares Issued: 253.83m
  • Volume: 595,264
  • Market Cap: £491.41m
  • RiskGrade: 247

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Annualisation Factor 1.0 1.0 0.2 1.0 1.0
Dividend Yield 0.0% 2.0% 1.7% 4.0% 5.2%
           
Continuing Operations          
PE Ratio - Adjusted n/a 10.4 11.8 19.5 14.5
PE Ratio - Diluted n/a
n/a		 15.3
11.1		 21.1
12.5		 19.8
14.2		 15.9
11.0
PEG - Adjusted n/a n/a n/a 1.5 1.2
PEG - Diluted n/a
n/a		 1.5
n/a		 n/a
n/a		 0.9
0.8		 n/a
1.2
Return on Capital Employed n/a
n/a		 14.41%
16.62%		 1.79%
2.21%		 15.38%
15.56%		 15.15%
15.82%
Operating Margin (5.43%)
(5.43%)		 19.17%
22.11%		 17.32%
21.45%		 28.08%
28.42%		 23.80%
24.84%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a 10.4 47.3 19.5 14.5
PE Ratio - Diluted n/a
n/a		 15.3
11.1		 84.6
50.1		 19.8
14.2		 15.9
11.0
PEG - Adjusted n/a 0.0 n/a 1.5 1.2
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.9
0.8		 n/a
1.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Net Gearing (51.00%) 47.03% 234.18% 219.76% 279.65%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Price/Book Value 1.5 1.9 2.4 5.5 3.9
Price/Tangible Book Value 1.5 1.9 2.4 5.5 3.9
Price/ Cash Flow 2.1 11.5 (34.7) 24.0 21.7
Price/Revenue 0.96 1.16 5.05 2.32 1.49
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 209.46p 242.31p 244.63p 329.61p 302.07p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Continuing Operations          
Revenue 807.80 996.10 272.66 1,075.70 1,078.10
EBITDA (43.90)
(43.90)		 191.00
220.20		 49.09
60.36		 315.90
319.50		 267.70
278.90
Depreciation n/a
n/a		 n/a
n/a		 (1.87)
(1.87)		 (13.80)
(13.80)		 (11.10)
(11.10)
Net Interest (69.60)
(69.60)		 (72.00)
(72.00)		 (22.91)
(22.91)		 (77.50)
(77.50)		 (74.20)
(74.20)
Profit Before Tax (113.50)
(113.50)		 119.00
148.20		 24.31
35.58		 224.60
228.20		 182.40
193.60
           
Revenue per Share 318.53p 393.09p 113.85p 775.00p 796.82p
Pre-Tax Profit per Share (44.76p)
(44.76p)		 46.96p
58.48p		 10.15p
14.85p		 161.82p
164.41p		 134.81p
143.09p
Market Capitalisation £ (Millions) 778.55 1,158.29 1,456.48 2,637.28 1,658.82
Enterprise Value (EV) £ (Millions) 1,367.95 1,854.89 3,511.98 2,436.48 2,937.92
EBITDA/EV (3.21%)
(3.21%)		 10.30%
11.87%		 1.40%
1.72%		 12.97%
13.11%		 9.11%
9.49%
Operating Margin (5.43%)
(5.43%)		 19.17%
22.11%		 17.32%
21.45%		 28.08%
28.42%		 23.80%
24.84%
Capital Employed £ (Millions) 1,211.60 1,325.10 2,641.40 1,964.10 1,693.30
Return on Capital Employed n/a
n/a		 14.41%
16.62%		 1.79%
2.21%		 15.38%
15.56%		 15.15%
15.82%
Invested Equity Capital £ (Millions) 738.70 743.80 712.10 626.60 416.80
           
Earnings per Share - Basic (32.90p)
(32.89p)		 30.10p
41.67p		 27.30p
46.10p		 92.53p
128.53p		 76.22p
110.13p
Earnings per Share - Diluted (32.90p)
(32.89p)		 29.90p
41.36p		 27.20p
45.96p		 91.06p
126.53p		 74.75p
107.97p
Earnings per Share - Adjusted (11.00)p 44.10p 48.70p 92.53p 81.92p
Earnings per Share Growth - Basic n/a
n/a		 10%
-10%		 -70%
-64%		 21%
17%		 -4%
9%
Earnings per Share Growth - Diluted n/a
n/a		 10%
-10%		 -70%
-64%		 22%
17%		 -4%
9%
Earnings per Share Growth - Adjusted n/a -9% -47% 13% 12%
PE Ratio - Diluted n/a
n/a		 15.3
11.1		 21.1
12.5		 19.8
14.2		 15.9
11.0
PEG - Diluted n/a
n/a		 1.5
n/a		 n/a
n/a		 0.9
0.8		 n/a
1.2
Tax Rate 26.52% 35.80% 32.89% 21.82% 22.70%
Dividend Cover n/a
n/a		 4.90
4.63		 4.87
4.61		 1.29
1.79		 1.32
1.77
Interest Cover (0.63)
(0.63)		 2.65
3.06		 2.06
2.55		 3.90
3.94		 3.46
3.61
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (32.90p)
(32.89p)		 30.10p
41.67p		 6.82p
11.52p		 92.53p
128.53p		 76.22p
110.13p
Earnings per Share - Diluted (32.90p)
(32.89p)		 29.90p
41.36p		 6.79p
11.48p		 91.06p
126.53p		 74.75p
107.97p
Earnings per Share - Adjusted (11.00p) 44.10p 12.17p 92.53p 81.92p
Earnings per Share Growth - Basic n/a
n/a		 341%
262%		 -93%
-91%		 21%
17%		 -4%
9%
Earnings per Share Growth - Diluted n/a
n/a		 340%
260%		 -92%
-91%		 22%
17%		 -4%
9%
Earnings per Share Growth - Adjusted n/a 262% -87% 13% 12%
PE Ratio - Diluted n/a
n/a		 15.3
11.1		 84.6
50.1		 19.8
14.2		 15.9
11.0
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.9
0.8		 n/a
1.2
Dividend Cover n/a
n/a		 4.90
4.63		 1.22
1.15		 1.29
1.79		 1.32
1.77
Return on Equity (ROE) (11.29%)
(11.29%)		 10.27%
14.20%		 2.29%
3.87%		 28.02%
28.47%		 33.83%
35.75%
Operating Cash Flow per Share 143.49p 39.58p (16.58p) 75.14p 54.84p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 223.78p (11.88p) 10.55p 18.59p 29.56p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a 9.00p 10.00p 71.68p 62.17p
Dividend per Share Growth n/a (10.00%) (86.05%) 15.29% 10.10%
Dividend Yield 0.0% 2.0% 1.7% 4.0% 5.2%
Shareholders Funds 647.70 729.30 712.10 613.00 416.80
Net Borrowings £ (Millions) (330.30) 343.00 1,667.60 1,347.10 1,165.60
Net Asset Value per Share (inc. Intangibles) 209.46p 242.31p 244.63p 329.61p 302.07p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Shareholders' Funds inc Intangibles 647.70 729.30 712.10 613.00 416.80
Net Borrowings £ (Millions) (330.30) 343.00 1,667.60 1,347.10 1,165.60
Net Gearing (51.00%) 47.03% 234.18% 219.76% 279.65%
Cash & Near Cash 919.70 353.60 387.90 145.90 119.00
Cash 141.99% 48.48% 54.47% 23.80% 28.55%
Gross Borrowings 589.40 696.60 2,055.50 1,493.00 1,284.60
Gross Gearing 91.00% 95.52% 288.65% 243.56% 308.21%
Borrowings Under 5 years 589.40 696.60 2,055.50 1,493.00 1,284.60
Under 5 years 91.00% 95.52% 288.65% 243.56% 308.21%
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-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Shareholders' Funds exc Intangibles 531.20 614.00 585.90 457.50 408.70
Net Borrowings £ (Millions) (330.30) 343.00 1,667.60 1,347.10 1,165.60
Net Gearing (62.18%) 55.86% 284.62% 294.45% 285.20%
Cash & Near Cash 919.70 353.60 387.90 145.90 119.00
Cash 173.14% 57.59% 66.21% 31.89% 29.12%
Gross Borrowings 589.40 696.60 2,055.50 1,493.00 1,284.60
Gross Gearing 110.96% 113.45% 350.83% 326.34% 314.31%
Borrowings Under 5 years 589.40 696.60 2,055.50 1,493.00 1,284.60
Under 5 years 110.96% 113.45% 350.83% 326.34% 314.31%
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-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 4,607.33 79.12 4.13 13.18 7.46

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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