£ (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 |
* 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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