£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Annualisation Factor | 1.0 | 1.0 | n/a | 1.0 | 0.2 |
Dividend Yield | 4.9% | 3.6% | 2.2% | 3.9% | 5.4% |
Continuing Operations | |||||
PE Ratio - Adjusted | 119.7 | 21.4 | 21.0 | 31.8 | 13.3 |
PE Ratio - Diluted | n/a 22,968.7 |
219.4 21.9 |
39.6 35.8 |
40.5 32.4 |
20.1 14.9 |
PEG - Adjusted | n/a | 4.3 | 0.6 | n/a | 0.3 |
PEG - Diluted | n/a n/a |
n/a 0.3 |
n/a n/a |
n/a n/a |
1.1 0.3 |
Return on Capital Employed | 2.37% 2.77% |
4.57% 5.21% |
0.03% 0.03% |
4.21% 4.73% |
1.57% 1.30% |
Operating Margin | 13.76% 13.76% |
27.94% 31.88% |
31.20% 31.90% |
37.32% 41.92% |
19.29% 18.85% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 119.7 | 21.4 | 2,082.6 | 18.1 | 53.1 |
PE Ratio - Diluted | n/a n/a |
219.4 21.9 |
238.8 2,604.0 |
40.5 20.6 |
60.3 51.4 |
PEG - Adjusted | n/a | 0.0 | n/a | 0.1 | n/a |
PEG - Diluted | n/a n/a |
13.7 0.0 |
n/a n/a |
0.3 0.1 |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Net Gearing | 266.89% | 213.53% | (2.15%) | 215.42% | 222.85% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Price/Book Value | 2.4 | 3.1 | 1.4 | 2.8 | 2.7 |
Price/Tangible Book Value | 2.4 | 3.1 | 1.4 | 3.4 | 3.6 |
Price/ Cash Flow | 15.0 | 13.3 | 20.1 | 12.8 | 11.2 |
Price/Revenue | 2.87 | 4.23 | 671.70 | 7.38 | 8.71 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 361.36p | 351.43p | 698.48p | 397.10p | 286.63p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Continuing Operations | |||||
Revenue | 797.20 | 792.30 | 6.30 | 636.70 | 369.30 |
EBITDA | 264.40 264.40 |
368.10 399.30 |
3.17 3.21 |
237.60 266.90 |
71.23 69.60 |
Depreciation | (154.70) (154.70) |
(146.70) (146.70) |
(1.21) (1.21) |
n/a n/a |
n/a n/a |
Net Interest | (118.20) (136.60) |
(93.70) (93.70) |
(0.59) (0.59) |
(44.50) (44.50) |
(6.20) (6.20) |
Profit Before Tax | (8.50) (8.50) |
127.70 158.90 |
1.33 1.38 |
193.10 222.40 |
65.03 63.41 |
Revenue per Share | 304.39p | 253.86p | 1.50p | 151.52p | 88.01p |
Pre-Tax Profit per Share | (3.25p) (3.25p) |
40.92p 50.91p |
0.32p 0.33p |
45.95p 52.93p |
15.50p 15.11p |
Market Capitalisation £ (Millions) | 2,283.90 | 2,847.10 | 4,241.74 | 5,862.25 | 3,222.77 |
Enterprise Value (EV) £ (Millions) | 5,430.60 | 6,082.00 | 7,095.34 | 6,897.15 | 6,860.07 |
EBITDA/EV | 4.87% 4.87% |
6.05% 6.57% |
0.04% 0.05% |
3.44% 3.87% |
1.04% 1.01% |
Operating Margin | 13.76% 13.76% |
27.94% 31.88% |
31.20% 31.90% |
37.32% 41.92% |
19.29% 18.85% |
Capital Employed £ (Millions) | 4,620.80 | 4,849.70 | 6,055.90 | 5,645.00 | 5,360.00 |
Return on Capital Employed | 2.37% 2.77% |
4.57% 5.21% |
0.03% 0.03% |
4.21% 4.73% |
1.57% 1.30% |
Invested Equity Capital £ (Millions) | 1,631.80 | 1,786.90 | 3,244.50 | 1,676.90 | 1,890.10 |
Earnings per Share - Basic | n/a 0.038p |
4.90p 49.25p |
25.50p 28.14p |
27.70p 34.72p |
38.20p 51.57p |
Earnings per Share - Diluted | n/a 0.038p |
4.90p 48.98p |
25.40p 28.03p |
27.60p 34.56p |
38.10p 51.41p |
Earnings per Share - Adjusted | 7.30p | 50.20p | 47.80p | 35.20p | 57.80p |
Earnings per Share Growth - Basic | n/a -100% |
-81% 75% |
-8% -19% |
-28% -33% |
18% 47% |
Earnings per Share Growth - Diluted | n/a -100% |
-81% 75% |
-8% -19% |
-28% -33% |
18% 47% |
Earnings per Share Growth - Adjusted | -86% | 5% | 36% | -39% | 45% |
PE Ratio - Diluted | n/a 22,968.7 |
219.4 21.9 |
39.6 35.8 |
40.5 32.4 |
20.1 14.9 |
PEG - Diluted | n/a n/a |
n/a 0.3 |
n/a n/a |
n/a n/a |
1.1 0.3 |
Tax Rate | 104.71% | 87.78% | 18.18% | 36.56% | 14.48% |
Dividend Cover | 0.17 n/a |
1.30 1.28 |
2.20 1.29 |
0.80 0.79 |
1.41 1.26 |
Interest Cover | 0.94 0.94 |
2.33 2.65 |
3.11 3.18 |
4.97 5.58 |
6.81 6.67 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | n/a (6.99p) |
4.90p 49.25p |
4.22p 0.39p |
27.70p 54.66p |
12.77p 14.95p |
Earnings per Share - Diluted | n/a (6.96p) |
4.90p 48.98p |
4.21p 0.39p |
27.60p 54.42p |
12.72p 14.90p |
Earnings per Share - Adjusted | 7.30p | 50.20p | 0.48p | 61.70p | 14.44p |
Earnings per Share Growth - Basic | -100% n/a |
16% 12,613% |
-85% -99% |
117% 266% |
-60% -58% |
Earnings per Share Growth - Diluted | -100% n/a |
16% 12,592% |
-85% -99% |
117% 265% |
-60% -57% |
Earnings per Share Growth - Adjusted | -86% | 10,304% | -99% | 327% | -64% |
PE Ratio - Diluted | n/a n/a |
219.4 21.9 |
238.8 2,604.0 |
40.5 20.6 |
60.3 51.4 |
PEG - Diluted | n/a n/a |
13.7 0.0 |
n/a n/a |
0.3 0.1 |
n/a n/a |
Dividend Cover | 0.17 (0.16) |
1.30 1.28 |
0.02 0.02 |
1.41 1.25 |
0.35 0.36 |
Return on Equity (ROE) | 0.01% (1.12%) |
0.86% 8.60% |
0.55% 0.05% |
11.95% 13.70% |
2.95% 3.32% |
Operating Cash Flow per Share | 58.27p | 80.84p | 49.99p | 87.10p | 68.33p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 79.23p | (742.49p) | 5.26p | 25.30p | (2.22p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 42.73p | 38.53p | 21.74p | 43.77p | 41.06p |
Dividend per Share Growth | 10.90% | 77.23% | (50.33%) | 6.60% | 29.12% |
Dividend Yield | 4.9% | 3.6% | 2.2% | 3.9% | 5.4% |
Shareholders Funds | 1,124.80 | 1,274.50 | 2,984.90 | 1,415.30 | 1,381.90 |
Net Borrowings £ (Millions) | 3,002.00 | 2,721.50 | (64.30) | 3,048.90 | 3,079.50 |
Net Asset Value per Share (inc. Intangibles) | 361.21p | 351.39p | 698.50p | 326.46p | 215.63p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds inc Intangibles | 1,124.80 | 1,274.50 | 2,984.90 | 1,415.30 | 1,381.90 |
Net Borrowings £ (Millions) | 3,002.00 | 2,721.50 | (64.30) | 3,048.90 | 3,079.50 |
Net Gearing | 266.89% | 213.53% | (2.15%) | 215.42% | 222.85% |
Cash & Near Cash | 165.40 | 519.00 | 2,919.30 | 665.90 | 569.60 |
Cash | 14.70% | 40.72% | 97.80% | 47.05% | 41.22% |
Gross Borrowings | 3,167.40 | 3,240.50 | 2,855.00 | 3,714.80 | 3,649.10 |
Gross Gearing | 281.60% | 254.26% | 95.65% | 262.47% | 264.06% |
Borrowings Under 5 years | 3,167.40 | 3,240.50 | 2,855.00 | 3,714.80 | 3,649.10 |
Under 5 years | 281.60% | 254.26% | 95.65% | 262.47% | 264.06% |
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) | |
Gearing - exc Intangibles | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds exc Intangibles | 946.00 | 1,096.70 | 2,941.40 | 1,371.80 | 904.80 |
Net Borrowings £ (Millions) | 3,002.00 | 2,721.50 | (64.30) | 3,048.90 | 3,079.50 |
Net Gearing | 317.34% | 248.15% | (2.19%) | 222.26% | 340.35% |
Cash & Near Cash | 165.40 | 519.00 | 2,919.30 | 665.90 | 569.60 |
Cash | 17.48% | 47.32% | 99.25% | 48.54% | 62.95% |
Gross Borrowings | 3,167.40 | 3,240.50 | 2,855.00 | 3,714.80 | 3,649.10 |
Gross Gearing | 334.82% | 295.48% | 97.06% | 270.80% | 403.30% |
Borrowings Under 5 years | 3,167.40 | 3,240.50 | 2,855.00 | 3,714.80 | 3,649.10 |
Under 5 years | 334.82% | 295.48% | 97.06% | 270.80% | 403.30% |
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-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Quick Ratio | 1.22 | 1.92 | 14.02 | 19.15 | 2.09 |
Current Ratio | 1.24 | 1.94 | 14.04 | 19.18 | 2.14 |
* 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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