Smith (DS) (SMDS)

Sector:

Manufacturing

Index:

FTSE 100

367.80p
   
  • Change Today:
    -2.20p
  • 52 Week High: 413.00
  • 52 Week Low: 263.70
  • Currency: UK Pounds
  • Shares Issued: 1,379.34m
  • Volume: 28,250,984
  • Market Cap: £5,073m
  • RiskGrade: 168

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19 30-Apr-15
Annualisation Factor 1.0 n/a 1.0 0.2 1.0
Dividend Yield 4.5% 2.9% 0.0% 4.5% 3.3%
           
Continuing Operations          
PE Ratio - Adjusted 10.8 17.4 9.4 10.7 14.3
PE Ratio - Diluted 16.3
14.4		 31.9
27.3		 14.9
12.6		 18.1
13.4		 21.3
17.1
PEG - Adjusted 0.4 n/a n/a 0.2 1.0
PEG - Diluted 0.3
0.3		 n/a
n/a		 2.1
n/a		 0.6
0.3		 2.7
n/a
Return on Capital Employed 10.99%
11.89%		 0.09%
0.10%		 14.28%
16.18%		 3.69%
4.46%		 21.71%
25.11%
Operating Margin 6.08%
6.59%		 5.15%
5.81%		 7.53%
8.56%		 6.89%
8.35%		 6.52%
7.33%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.8 1,722.6 9.4 42.9 14.3
PE Ratio - Diluted 16.3
14.4		 2,956.6
2,562.7		 8.2
7.4		 69.4
51.8		 21.3
17.1
PEG - Adjusted 0.0 n/a 0.0 n/a 1.0
PEG - Diluted 0.0
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a		 2.1
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19 30-Apr-15
Net Gearing 36.13% 51.29% 64.12% 76.25% 68.79%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19 30-Apr-15
Price/Book Value 3.4 10.7 27.8 (31.6) 18.8
Price/Tangible Book Value 3.5 10.7 27.9 (31.4) 18.7
Price/ Cash Flow 4.9 7.6 6.4 8.9 7.6
Price/Revenue 0.63 95.64 0.71 3.07 0.80
Price/R&D n/a n/a n/a n/a 510.4
Net Asset Value per Share (exc. Intangibles) 95.92p 39.39p 11.23p (11.30p) 17.32p
Net Cash per Share n/a n/a n/a n/a 0.64p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19 30-Apr-15
Continuing Operations          
Revenue 7,241.00 60.32 6,043.00 1,541.69 3,820.00
EBITDA 868.00
905.00		 7.61
8.00		 894.00
956.00		 181.88
204.36		 416.00
443.00
Depreciation (428.00)
(428.00)		 (4.50)
(4.50)		 (439.00)
(439.00)		 (75.70)
(75.70)		 (167.00)
(163.00)
Net Interest (69.00)
(67.00)		 (0.83)
(0.76)		 (94.00)
(87.00)		 (20.99)
(17.24)		 (42.00)
(38.00)
Profit Before Tax 378.00
417.00		 2.33
2.80		 368.00
433.00		 87.44
113.67		 200.00
235.00
           
Revenue per Share 527.00p 4.40p 440.77p 116.18p 405.95p
Pre-Tax Profit per Share 27.51p
30.35p		 0.17p
0.20p		 26.84p
31.58p		 6.59p
8.57p		 21.25p
24.97p
Market Capitalisation £ (Millions) 4,553.18 5,777.58 4,279.27 4,894.47 3,065.60
Enterprise Value (EV) £ (Millions) 6,578.18 8,274.58 6,937.27 7,352.47 3,802.60
EBITDA/EV 13.20%
13.76%		 0.09%
0.10%		 12.89%
13.78%		 2.47%
2.78%		 10.94%
11.65%
Operating Margin 6.08%
6.59%		 5.15%
5.81%		 7.53%
8.56%		 6.89%
8.35%		 6.52%
7.33%
Capital Employed £ (Millions) 4,069.00 3,444.00 3,214.00 2,935.00 1,087.00
Return on Capital Employed 10.99%
11.89%		 0.09%
0.10%		 14.28%
16.18%		 3.69%
4.46%		 21.71%
25.11%
Invested Equity Capital £ (Millions) 4,635.00 3,812.00 3,667.00 3,442.00 1,147.00
           
Earnings per Share - Basic 20.40p
23.07p		 13.30p
15.46p		 21.20p
24.95p		 19.70p
26.68p		 15.45p
19.23p
Earnings per Share - Diluted 20.30p
22.94p		 13.20p
15.40p		 21.00p
24.82p		 19.70p
26.56p		 15.26p
19.05p
Earnings per Share - Adjusted 30.70p 24.20p 33.20p 33.30p 22.80p
Earnings per Share Growth - Basic 53%
49%		 -37%
-38%		 8%
-6%		 28%
39%		 8%
-14%
Earnings per Share Growth - Diluted 54%
49%		 -37%
-38%		 7%
-6%		 29%
39%		 8%
-14%
Earnings per Share Growth - Adjusted 27% -27% -0% 46% 14%
PE Ratio - Diluted 16.3
14.4		 31.9
27.3		 14.9
12.6		 18.1
13.4		 21.3
17.1
PEG - Diluted 0.3
0.3		 n/a
n/a		 2.1
n/a		 0.6
0.3		 2.7
n/a
Tax Rate 26.42% 21.68% 21.61% 25.81% 21.26%
Dividend Cover 2.05
1.54		 2.00
1.28		 n/a
n/a		 2.06
1.65		 2.15
1.81
Interest Cover 6.40
7.13		 3.78
4.64		 4.76
5.76		 5.17
7.59		 5.44
6.73
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 20.40p
23.07p		 0.14p
0.17p		 38.50p
42.52p		 5.15p
6.93p		 15.45p
19.23p
Earnings per Share - Diluted 20.30p
22.94p		 0.14p
0.16p		 38.20p
42.31p		 5.15p
6.90p		 15.26p
19.05p
Earnings per Share - Adjusted 30.70p 0.24p 33.20p 8.32p 22.80p
Earnings per Share Growth - Basic 14,132%
13,889%		 -100%
-100%		 648%
514%		 -67%
-64%		 11%
-13%
Earnings per Share Growth - Diluted 14,163%
13,869%		 -100%
-100%		 642%
513%		 -66%
-64%		 10%
-13%
Earnings per Share Growth - Adjusted 12,468% -99% 299% -64% 14%
PE Ratio - Diluted 16.3
14.4		 2,956.6
2,562.7		 8.2
7.4		 69.4
51.8		 21.3
17.1
PEG - Diluted 0.0
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a		 2.1
n/a
Dividend Cover 2.05
1.54		 0.02
0.01		 n/a
n/a		 0.51
0.43		 2.15
1.81
Return on Equity (ROE) 6.04%
6.84%		 0.05%
0.06%		 14.37%
15.90%		 1.99%
2.67%		 13.60%
15.78%
Operating Cash Flow per Share 67.03p 55.51p 48.51p 40.32p 42.61p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 2.55p 0.17p 20.50p (0.15p) 3.19p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 15.00p 12.10p n/a 16.20p 10.61p
Dividend per Share Growth 23.97% n/a n/a 52.73% 14.00%
Dividend Yield 4.5% 2.9% 0.0% 4.5% 3.3%
Shareholders Funds 4,232.00 3,533.00 3,350.00 3,111.00 1,019.00
Net Borrowings £ (Millions) 1,529.00 1,812.00 2,148.00 2,372.00 701.00
Net Asset Value per Share (inc. Intangibles) 95.78p 39.24p 11.16p (11.38p) 17.43p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19 30-Apr-15
Shareholders' Funds inc Intangibles 4,232.00 3,533.00 3,350.00 3,111.00 1,019.00
Net Borrowings £ (Millions) 1,529.00 1,812.00 2,148.00 2,372.00 701.00
Net Gearing 36.13% 51.29% 64.12% 76.25% 68.79%
Cash & Near Cash 819.00 813.00 595.00 382.00 95.00
Cash 19.35% 23.01% 17.76% 12.28% 9.32%
Gross Borrowings 2,348.00 2,625.00 2,743.00 2,754.00 796.00
Gross Gearing 55.48% 74.30% 81.88% 88.52% 78.12%
Borrowings Under 5 years 2,348.00 2,625.00 2,743.00 2,754.00 796.00
Under 5 years 55.48% 74.30% 81.88% 88.52% 78.12%
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 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19 30-Apr-15
Shareholders' Funds exc Intangibles 1,316.00 538.00 153.00 (151.00) 164.00
Net Borrowings £ (Millions) 1,529.00 1,812.00 2,148.00 2,372.00 701.00
Net Gearing 116.19% 336.80% 1,403.92% n/a 427.44%
Cash & Near Cash 819.00 813.00 595.00 382.00 95.00
Cash 62.23% 151.12% 388.89% (252.98%) 57.93%
Gross Borrowings 2,348.00 2,625.00 2,743.00 2,754.00 796.00
Gross Gearing 178.42% 487.92% 1,792.81% 1,823.84% 485.37%
Borrowings Under 5 years 2,348.00 2,625.00 2,743.00 2,754.00 796.00
Under 5 years 178.42% 487.92% 1,792.81% (1,823.84%) 485.37%
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 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19 30-Apr-15
Quick Ratio 0.67 0.72 0.65 0.64 0.64
Current Ratio 0.87 0.93 0.88 0.88 0.86

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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