Renewi (RWI)

Sector:

Support

Index:

FTSE Small Cap

595.00p
   
  • Change Today:
    -13.00p
  • 52 Week High: 734.00
  • 52 Week Low: 450.00
  • Currency: UK Pounds
  • Shares Issued: 80.55m
  • Volume: 166,937
  • Market Cap: £479.30m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-12 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 3.5% 2.8% 3.0% 3.8% 2.4%
           
Continuing Operations          
PE Ratio - Adjusted 14.1 17.6 15.5 4.3 20.2
PE Ratio - Diluted 15.2
148.2		 20.7
220.1		 21.0
124.6		 44.3
36.5		 21.7
163.5
PEG - Adjusted 1.8 n/a n/a 2.1 2.0
PEG - Diluted 0.8
5.3		 1.4
n/a		 0.1
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed 10.26%
10.48%		 9.01%
9.99%		 6.71%
8.43%		 8.80%
10.44%		 11.55%
11.04%
Operating Margin 6.24%
6.57%		 5.79%
6.41%		 5.24%
6.89%		 6.70%
8.51%		 9.30%
8.89%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 14.1 17.6 15.5 4.3 20.2
PE Ratio - Diluted 15.2
141.5		 20.7
220.1		 10.1
71.7		 21.1
33.0		 21.7
163.5
PEG - Adjusted 1.8 n/a n/a 2.1 2.0
PEG - Diluted 0.8
4.0		 n/a
n/a		 0.0
14.3		 n/a
5.5		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-12 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08
Net Gearing 55.64% 52.19% 83.00% 141.62% 116.64%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-12 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08
Price/Book Value 34.3 36.5 38.4 (76.3) 662.7
Price/Tangible Book Value 34.3 36.5 38.4 (76.3) 662.7
Price/ Cash Flow 33.1 41.3 37.1 12.6 48.7
Price/Revenue 4.54 5.49 4.81 1.68 7.52
Price/R&D 61,920.7 14,361.4 n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 25.00p 27.17p 22.84p (5.05p) 2.71p
Net Cash per Share 0.014p 0.069p n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-12 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08
Continuing Operations          
Revenue 750.10 717.30 683.50 685.10 563.70
EBITDA 104.60
104.60		 107.50
100.10		 90.70
102.00		 96.00
108.40		 90.70
87.60
Depreciation (57.80)
(55.30)		 (66.00)
(54.10)		 (54.90)
(54.90)		 (50.10)
(50.10)		 (38.30)
(37.50)
Net Interest (15.50)
(15.50)		 (20.30)
(20.30)		 (16.20)
(17.90)		 (17.50)
(17.50)		 (11.10)
(11.10)
Profit Before Tax 29.90
32.40		 21.20
25.70		 19.60
29.20		 29.30
38.40		 41.30
39.00
           
Revenue per Share 189.04p 180.77p 182.56p 229.05p 238.65p
Pre-Tax Profit per Share 7.54p
8.16p		 5.34p
6.48p		 5.24p
7.80p		 9.80p
12.84p		 17.48p
16.51p
Market Capitalisation £ (Millions) 3,407.35 3,937.00 3,484.99 916.34 4,255.56
Enterprise Value (EV) £ (Millions) 3,666.75 4,198.70 3,855.99 1,367.64 4,635.46
EBITDA/EV 2.85%
2.85%		 2.56%
2.38%		 2.35%
2.65%		 7.02%
7.93%		 1.96%
1.89%
Operating Margin 6.24%
6.57%		 5.79%
6.41%		 5.24%
6.89%		 6.70%
8.51%		 9.30%
8.89%
Capital Employed £ (Millions) 457.10 460.50 558.50 535.40 453.70
Return on Capital Employed 10.26%
10.48%		 9.01%
9.99%		 6.71%
8.43%		 8.80%
10.44%		 11.55%
11.04%
Invested Equity Capital £ (Millions) 462.50 488.20 487.20 398.80 347.50
           
Earnings per Share - Basic 56.49p
5.80p		 47.80p
4.51p		 41.72p
7.05p		 8.69p
10.56p		 82.87p
11.01p
Earnings per Share - Diluted 56.49p
5.79p		 47.80p
4.50p		 41.72p
7.05p		 8.69p
10.56p		 82.87p
10.98p
Earnings per Share - Adjusted 60.84p 56.49p 56.49p 90.39p 89.09p
Earnings per Share Growth - Basic 18%
28%		 15%
-36%		 380%
-33%		 -90%
-4%		 -10%
-17%
Earnings per Share Growth - Diluted 18%
28%		 15%
-36%		 380%
-33%		 -90%
-4%		 -10%
-17%
Earnings per Share Growth - Adjusted 8% n/a -38% 2% 10%
PE Ratio - Diluted 15.2
148.2		 20.7
220.1		 21.0
124.6		 44.3
36.5		 21.7
163.5
PEG - Diluted 0.8
5.3		 1.4
n/a		 0.1
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 15.44% (3.30%) 7.65% 92.25% 31.48%
Dividend Cover 2.03
0.19		 2.00
0.16		 2.17
0.27		 6.23
0.73		 2.08
0.26
Interest Cover 2.37
2.48		 1.70
1.85		 (0.50)
(1.56)		 2.04
2.36		 2.74
2.64
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 56.49p
6.07p		 47.80p
4.51p		 86.91p
12.26p		 18.25p
11.67p		 82.87p
11.01p
Earnings per Share - Diluted 56.49p
6.07p		 47.80p
4.50p		 86.91p
12.25p		 18.25p
11.66p		 82.87p
10.98p
Earnings per Share - Adjusted 60.84p 56.49p 56.49p 90.39p 89.09p
Earnings per Share Growth - Basic 18%
35%		 -45%
-63%		 376%
5%		 -78%
6%		 -10%
-17%
Earnings per Share Growth - Diluted 18%
35%		 -45%
-63%		 376%
5%		 -78%
6%		 -10%
-17%
Earnings per Share Growth - Adjusted 8% n/a -38% 2% 10%
PE Ratio - Diluted 15.2
141.5		 20.7
220.1		 10.1
71.7		 21.1
33.0		 21.7
163.5
PEG - Diluted 0.8
4.0		 n/a
n/a		 0.0
14.3		 n/a
5.5		 n/a
n/a
Dividend Cover 2.03
0.20		 2.00
0.16		 2.17
0.47		 6.23
0.80		 2.08
0.26
Return on Equity (ROE) 5.79%
5.21%		 4.49%
3.67%		 7.72%
9.42%		 1.60%
8.75%		 8.14%
7.48%
Operating Cash Flow per Share 25.91p 24.02p 23.64p 30.49p 36.88p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.23p 0.86p 6.60p (9.76p) 2.50p
Capital Expenditure per Share n/a n/a n/a n/a 15.96p
Dividend per Share 29.98p 28.25p 26.07p 14.50p 42.82p
Dividend per Share Growth 6.15% 8.33% 79.79% (66.13%) 5.08%
Dividend Yield 3.5% 2.8% 3.0% 3.8% 2.4%
Shareholders Funds 370.60 397.40 385.20 299.60 280.10
Net Borrowings £ (Millions) 206.20 207.40 319.70 424.30 326.70
Net Asset Value per Share (inc. Intangibles) 25.00p 27.17p 22.84p (5.05p) 2.71p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-12 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08
Shareholders' Funds inc Intangibles 370.60 397.40 385.20 299.60 280.10
Net Borrowings £ (Millions) 206.20 207.40 319.70 424.30 326.70
Net Gearing 55.64% 52.19% 83.00% 141.62% 116.64%
Cash & Near Cash 59.80 54.50 51.30 27.00 53.20
Cash 16.14% 13.71% 13.32% 9.01% 18.99%
Gross Borrowings 266.00 261.90 371.00 451.30 379.90
Gross Gearing 71.78% 65.90% 96.31% 150.63% 135.63%
Borrowings Under 5 years 266.00 261.90 371.00 451.30 378.50
Under 5 years 71.78% 65.90% 96.31% 150.63% 135.13%
Borrowings Under 1 year n/a n/a n/a n/a 8.10
Under 1 year n/a n/a n/a n/a 2.89%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Mar-12 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08
Shareholders' Funds exc Intangibles 99.20 107.80 85.50 (15.10) 6.40
Net Borrowings £ (Millions) 206.20 207.40 319.70 424.30 326.70
Net Gearing 207.86% 192.39% 373.92% n/a 5,104.69%
Cash & Near Cash 59.80 54.50 51.30 27.00 53.20
Cash 60.28% 50.56% 60.00% (178.81%) 831.25%
Gross Borrowings 266.00 261.90 371.00 451.30 379.90
Gross Gearing 268.15% 242.95% 433.92% 2,988.74% 5,935.94%
Borrowings Under 5 years 266.00 261.90 371.00 451.30 378.50
Under 5 years 268.15% 242.95% 433.92% (2,988.74%) 5,914.07%
Borrowings Under 1 year n/a n/a n/a n/a 8.10
Under 1 year n/a n/a n/a n/a 126.56%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Mar-12 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08
Quick Ratio 0.93 0.85 1.03 0.80 1.02
Current Ratio 0.98 0.88 1.08 0.85 1.05

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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