Pennon Group (PNN)

Sector:

Utilities

Index:

FTSE 250

490.80p
   
  • Change Today:
    -3.60p
  • 52 Week High: 533.69
  • 52 Week Low: 387.60
  • Currency: UK Pounds
  • Shares Issued: 471.97m
  • Volume: 954,653
  • Market Cap: £2,316.44m
  • RiskGrade: 123
  • Beta: 0.00

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Annualisation Factor 1.0 1.0 1.0 1.0 n/a
Dividend Yield 7.6% 8.7% 3.8% 2.8% 1.7%
           
Continuing Operations          
PE Ratio - Adjusted n/a 99.8 152.3 27.2 26.7
PE Ratio - Diluted n/a
n/a		 n/a
77.1		 n/a
93.5		 279.1
17.3		 50.3
28.2
PEG - Adjusted n/a 7.7 n/a 5.4 0.7
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
0.2		 n/a
n/a
Return on Capital Employed 1.77%
2.37%		 2.57%
3.04%		 2.37%
3.32%		 4.57%
5.21%		 0.03%
0.03%
Operating Margin 10.66%
14.25%		 15.54%
18.40%		 13.76%
19.25%		 27.94%
31.88%		 31.20%
31.90%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a 99.8 152.3 27.2 2,649.7
PE Ratio - Diluted n/a
n/a		 n/a
77.1		 n/a
93.5		 279.1
17.3		 303.8
2,046.7
PEG - Adjusted n/a 7.7 n/a 0.0 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 17.4
0.0		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Net Gearing 285.64% 334.34% 266.89% 213.53% (2.15%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Price/Book Value 1.3 1.8 1.9 2.4 1.1
Price/Tangible Book Value 1.3 1.8 1.9 2.4 1.1
Price/ Cash Flow 17.3 11.0 11.8 10.5 15.8
Price/Revenue 1.54 1.81 2.26 3.33 527.95
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 335.26p 286.01p 361.36p 351.43p 698.48p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
Revenue 1,047.80 907.80 797.20 792.30 6.30
EBITDA 111.70
149.30		 141.10
167.00		 264.40
308.20		 368.10
399.30		 3.17
3.21
Depreciation n/a
n/a		 n/a
n/a		 (154.70)
(154.70)		 (146.70)
(146.70)		 (1.21)
(1.21)
Net Interest (184.40)
(184.40)		 (150.20)
(150.20)		 (118.20)
(136.60)		 (93.70)
(93.70)		 (0.59)
(0.59)
Profit Before Tax (72.70)
(35.10)		 (9.10)
16.80		 (8.50)
16.90		 127.70
158.90		 1.33
1.38
           
Revenue per Share 290.65p 281.49p 304.39p 253.86p 1.50p
Pre-Tax Profit per Share (20.17p)
(9.74p)		 (2.82p)
5.21p		 (3.25p)
6.45p		 40.92p
50.91p		 0.32p
0.33p
Market Capitalisation £ (Millions) 2,114.46 1,455.77 1,795.12 2,237.80 3,333.97
Enterprise Value (EV) £ (Millions) 6,590.96 5,405.27 4,933.42 5,472.70 6,187.57
EBITDA/EV 1.69%
2.27%		 2.61%
3.09%		 5.36%
6.25%		 6.73%
7.30%		 0.05%
0.05%
Operating Margin 10.66%
14.25%		 15.54%
18.40%		 13.76%
19.25%		 27.94%
31.88%		 31.20%
31.90%
Capital Employed £ (Millions) 6,294.30 5,488.20 4,620.80 4,849.70 6,055.90
Return on Capital Employed 1.77%
2.37%		 2.57%
3.04%		 2.37%
3.32%		 4.57%
5.21%		 0.03%
0.03%
Invested Equity Capital £ (Millions) 1,979.30 1,710.70 1,631.80 1,786.90 3,244.50
           
Earnings per Share - Basic (16.10p)
(3.16p)		 (2.90p)
6.61p		 n/a
7.37p		 3.03p
49.25p		 15.75p
28.14p
Earnings per Share - Diluted (16.10p)
(3.16p)		 (2.90p)
6.61p		 n/a
7.34p		 3.03p
48.98p		 15.69p
28.03p
Earnings per Share - Adjusted (10.30)p 5.10p 4.51p 31.01p 29.53p
Earnings per Share Growth - Basic n/a
n/a		 n/a
-10%		 n/a
-85%		 -81%
75%		 -8%
-19%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
-10%		 n/a
-85%		 -81%
75%		 -8%
-19%
Earnings per Share Growth - Adjusted n/a 13% -86% 5% 36%
PE Ratio - Diluted n/a
n/a		 n/a
77.1		 n/a
93.5		 279.1
17.3		 50.3
28.2
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
0.2		 n/a
n/a
Tax Rate 21.87% 6.59% 104.71% 87.78% 18.18%
Dividend Cover (0.30)
(0.09)		 0.11
0.15		 0.17
0.28		 1.30
2.07		 2.20
2.10
Interest Cover 0.64
0.82		 0.94
1.10		 0.94
1.12		 2.33
2.65		 3.11
3.18
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (16.10p)
(3.16p)		 (2.90p)
6.61p		 n/a
7.37p		 3.03p
49.25p		 2.61p
0.39p
Earnings per Share - Diluted (16.10p)
(3.16p)		 (2.90p)
6.61p		 n/a
7.34p		 3.03p
48.98p		 2.60p
0.39p
Earnings per Share - Adjusted (10.30p) 5.10p 4.51p 31.01p 0.30p
Earnings per Share Growth - Basic n/a
n/a		 n/a
-10%		 -100%
-85%		 16%
12,613%		 -85%
-99%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
-10%		 -100%
-85%		 16%
12,592%		 -85%
-99%
Earnings per Share Growth - Adjusted n/a 13% -86% 10,304% -99%
PE Ratio - Diluted n/a
n/a		 n/a
77.1		 n/a
93.5		 279.1
17.3		 303.8
2,046.7
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 17.4
0.0		 n/a
n/a
Dividend Cover (0.30)
(0.09)		 0.11
0.15		 0.17
0.28		 1.30
2.07		 0.02
0.03
Return on Equity (ROE) (2.93%)
(0.58%)		 (0.56%)
1.25%		 0.01%
1.18%		 0.86%
8.60%		 0.55%
0.05%
Operating Cash Flow per Share 25.94p 46.17p 58.27p 80.84p 49.99p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 78.75p 0.53p (79.23p) (742.49p) 5.26p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 34.12p 44.37p 26.40p 23.80p 13.43p
Dividend per Share Growth (23.10%) 68.08% 10.90% 77.23% (50.33%)
Dividend Yield 7.6% 8.7% 3.8% 2.8% 1.7%
Shareholders Funds 1,448.20 1,161.20 1,124.80 1,274.50 2,984.90
Net Borrowings £ (Millions) 4,136.70 3,882.30 3,002.00 2,721.50 (64.30)
Net Asset Value per Share (inc. Intangibles) 334.56p 285.58p 361.21p 351.39p 698.50p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Shareholders' Funds inc Intangibles 1,448.20 1,161.20 1,124.80 1,274.50 2,984.90
Net Borrowings £ (Millions) 4,136.70 3,882.30 3,002.00 2,721.50 (64.30)
Net Gearing 285.64% 334.34% 266.89% 213.53% (2.15%)
Cash & Near Cash 417.90 134.00 165.40 519.00 2,919.30
Cash 28.86% 11.54% 14.70% 40.72% 97.80%
Gross Borrowings 4,554.60 4,016.30 3,167.40 3,240.50 2,855.00
Gross Gearing 314.50% 345.87% 281.60% 254.26% 95.65%
Borrowings Under 5 years 4,554.60 4,016.30 3,167.40 3,240.50 2,855.00
Under 5 years 314.50% 345.87% 281.60% 254.26% 95.65%
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-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Shareholders' Funds exc Intangibles 1,206.10 921.00 946.00 1,096.70 2,941.40
Net Borrowings £ (Millions) 4,136.70 3,882.30 3,002.00 2,721.50 (64.30)
Net Gearing 342.98% 421.53% 317.34% 248.15% (2.19%)
Cash & Near Cash 417.90 134.00 165.40 519.00 2,919.30
Cash 34.65% 14.55% 17.48% 47.32% 99.25%
Gross Borrowings 4,554.60 4,016.30 3,167.40 3,240.50 2,855.00
Gross Gearing 377.63% 436.08% 334.82% 295.48% 97.06%
Borrowings Under 5 years 4,554.60 4,016.30 3,167.40 3,240.50 2,855.00
Under 5 years 377.63% 436.08% 334.82% 295.48% 97.06%
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-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Quick Ratio 1.49 0.94 1.22 1.92 14.02
Current Ratio 1.51 0.96 1.24 1.94 14.04

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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