Me Group International (MEGP)

Sector:

Leisure Products

Index:

FTSE 250

162.40p
   
  • Change Today:
    -0.40p
  • 52 Week High: 172.80p
  • 52 Week Low: 119.60p
  • Currency: UK Pounds
  • Shares Issued: 376.09m
  • Volume: 341,149
  • Market Cap: £610.76m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Oct-23 31-Oct-22 31-Oct-21 30-Apr-11 30-Apr-10
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 0.0% 0.0% 4.4% 4.4% 3.4%
           
Continuing Operations          
PE Ratio - Adjusted 10.5 9.0 11.5 12.2 13.4
PE Ratio - Diluted 10.5
10.5		 9.1
9.1		 11.5
11.6		 12.3
12.2		 20.0
19.8
PEG - Adjusted 0.3 0.1 0.2 0.3 0.0
PEG - Diluted 0.4
0.4		 0.1
0.1		 0.2
0.2		 0.1
0.1		 n/a
0.2
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 10.32%
10.32%		 (13.76%)
(13.76%)		 14.61%
14.61%		 8.32%
8.33%		 4.74%
5.35%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.5 9.0 1,025.7 12.2 10.3
PE Ratio - Diluted 10.5
24.5		 9.1
n/a		 1,027.5
1,034.7		 12.3
12.2		 13.8
13.7
PEG - Adjusted 0.3 0.0 n/a 2.4 n/a
PEG - Diluted 0.4
n/a		 0.0
n/a		 n/a
n/a		 0.3
0.3		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Oct-23 31-Oct-22 31-Oct-21 30-Apr-11 30-Apr-10
Net Gearing (12.95%) (13.64%) (14.40%) (44.19%) (9.68%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Oct-23 31-Oct-22 31-Oct-21 30-Apr-11 30-Apr-10
Price/Book Value 4.2 3.5 2.7 2.4 2.3
Price/Tangible Book Value 4.2 3.5 2.7 2.5 2.3
Price/ Cash Flow 6.4 4.7 4.6 3.0 2.8
Price/Revenue 1.78 1.35 104.53 0.75 0.60
Price/R&D n/a n/a n/a 70.2 60.5
Net Asset Value per Share (exc. Intangibles) 33.60p 26.43p 24.97p 18.91p 16.28p
Net Cash per Share n/a n/a n/a 0.65p 0.61p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Oct-23 31-Oct-22 31-Oct-21 30-Apr-11 30-Apr-10
Continuing Operations          
Revenue 297.66 259.78 2.39 219.82 222.51
EBITDA 66.27
66.27		 n/a
n/a		 0.75
0.75		 47.48
47.50		 39.76
41.11
Depreciation (35.56)
(35.56)		 (35.74)
(35.74)		 (0.40)
(0.40)		 (29.18)
(29.18)		 (29.21)
(29.21)
Net Interest (2.15)
(2.15)		 (2.78)
(2.78)		 (0.03)
(0.03)		 (0.38)
(0.38)		 (1.28)
(1.03)
Profit Before Tax 67.07
67.07		 53.35
53.35		 0.32
0.32		 18.00
18.02		 9.25
10.86
           
Revenue per Share 78.74p 68.72p 0.63p 60.88p 61.83p
Pre-Tax Profit per Share 17.74p
17.74p		 14.11p
14.11p		 0.084p
0.084p		 4.99p
4.99p		 2.57p
3.02p
Market Capitalisation £ (Millions) 530.03 350.79 250.24 169.20 138.96
Enterprise Value (EV) £ (Millions) 603.00 347.80 329.76 186.53 172.91
EBITDA/EV 10.99%
10.99%		 n/a
n/a		 0.23%
0.23%		 25.45%
25.46%		 22.99%
23.77%
Operating Margin 10.32%
10.32%		 (13.76%)
(13.76%)		 14.61%
14.61%		 8.32%
8.33%		 4.74%
5.35%
Capital Employed £ (Millions) 226.12 225.76 185.04 89.09 96.35
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 166.75 142.35 137.67 91.21 80.92
           
Earnings per Share - Basic 13.40p
13.37p		 10.26p
10.26p		 5.78p
5.74p		 3.77p
3.77p		 1.86p
1.88p
Earnings per Share - Diluted 13.31p
13.33p		 10.23p
10.24p		 5.77p
5.73p		 3.74p
3.75p		 1.85p
1.86p
Earnings per Share - Adjusted 13.40p 10.26p 5.78p 3.77p 2.76p
Earnings per Share Growth - Basic 31%
30%		 78%
79%		 53%
52%		 103%
101%		 n/a
130%
Earnings per Share Growth - Diluted 30%
30%		 77%
79%		 54%
53%		 102%
101%		 n/a
129%
Earnings per Share Growth - Adjusted 31% 78% 53% 37% 1,353%
PE Ratio - Diluted 10.5
10.5		 9.1
9.1		 11.5
11.6		 12.3
12.2		 20.0
19.8
PEG - Diluted 0.4
0.4		 0.1
0.1		 0.2
0.2		 0.1
0.1		 n/a
0.2
Tax Rate 21.71% 12.56% 23.47% 23.74% 26.48%
Dividend Cover n/a
n/a		 n/a
n/a		 2.00
1.99		 1.88
1.89		 2.21
1.50
Interest Cover 32.18
32.18		 19.06
19.06		 10.66
10.66		 21.91
21.93		 6.28
8.25
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 13.40p
5.74p		 10.26p
n/a		 0.065p
0.064p		 3.77p
3.77p		 2.70p
2.72p
Earnings per Share - Diluted 13.31p
5.73p		 10.23p
n/a		 0.064p
0.064p		 3.74p
3.75p		 2.69p
2.70p
Earnings per Share - Adjusted 13.40p 10.26p 0.065p 3.77p 3.60p
Earnings per Share Growth - Basic 31%
n/a		 15,797%
-100%		 -98%
-98%		 40%
39%		 n/a
n/a
Earnings per Share Growth - Diluted 30%
n/a		 15,778%
-100%		 -98%
-98%		 39%
39%		 n/a
n/a
Earnings per Share Growth - Adjusted 31% 15,797% -98% 5% n/a
PE Ratio - Diluted 10.5
24.5		 9.1
n/a		 1,027.5
1,034.7		 12.3
12.2		 13.8
13.7
PEG - Diluted 0.4
n/a		 0.0
n/a		 n/a
n/a		 0.3
0.3		 n/a
n/a
Dividend Cover n/a
n/a		 n/a
n/a		 0.02
0.02		 1.88
1.89		 2.88
2.17
Return on Equity (ROE) 13.02%
13.02%		 n/a
n/a		 0.18%
0.18%		 14.92%
14.94%		 12.01%
12.08%
Operating Cash Flow per Share 21.78p 19.81p 14.25p 15.33p 13.24p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (6.96p) 9.60p 0.006p 4.17p 5.86p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a 2.89p 2.00p 1.25p
Dividend per Share Growth n/a n/a 44.50% 60.00% n/a
Dividend Yield 0.0% 0.0% 4.4% 4.4% 3.4%
Shareholders Funds 158.99 132.65 127.97 87.82 77.56
Net Borrowings £ (Millions) (30.16) (136.18) (18.43) (38.81) (7.51)
Net Asset Value per Share (inc. Intangibles) 33.60p 26.43p 24.52p 18.66p 16.06p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Oct-23 31-Oct-22 31-Oct-21 30-Apr-11 30-Apr-10
Shareholders' Funds inc Intangibles 158.99 132.65 127.97 87.82 77.56
Net Borrowings £ (Millions) (30.16) (136.18) (18.43) (38.81) (7.51)
Net Gearing (12.95%) (13.64%) (14.40%) (44.19%) (9.68%)
Cash & Near Cash 111.09 136.18 99.36 56.21 41.92
Cash 69.87% 102.67% 77.64% 64.01% 54.04%
Gross Borrowings 80.93 n/a 80.93 17.40 34.41
Gross Gearing 56.93% 89.02% 63.24% 19.82% 44.36%
Borrowings Under 5 years 80.93 n/a 80.93 17.40 34.41
Under 5 years 50.91% n/a 63.24% 19.82% 44.36%
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-Oct-23 31-Oct-22 31-Oct-21 30-Apr-11 30-Apr-10
Shareholders' Funds exc Intangibles 127.05 99.89 92.68 67.36 57.79
Net Borrowings £ (Millions) (30.16) (136.18) (18.43) (38.81) (7.51)
Net Gearing (16.20%) (18.12%) (19.88%) (57.61%) (12.99%)
Cash & Near Cash 111.09 136.18 99.36 56.21 41.92
Cash 87.44% 136.33% 107.21% 83.45% 72.54%
Gross Borrowings 80.93 n/a 80.93 17.40 34.41
Gross Gearing 71.24% 118.21% 87.33% 25.84% 59.54%
Borrowings Under 5 years 80.93 n/a 80.93 17.40 34.41
Under 5 years 63.71% n/a 87.33% 25.84% 59.54%
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-Oct-23 31-Oct-22 31-Oct-21 30-Apr-11 30-Apr-10
Quick Ratio 1.56 3.34 1.68 1.12 0.94
Current Ratio 1.92 3.87 1.93 1.42 1.28
Interest Cover 32.18
32.18		 19.06
19.06		 10.66
10.66		 21.91
21.93		 6.28
8.25

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: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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