Travis Perkins (TPK)

Sector:

Support

Index:

FTSE 250

911.00p
   
  • Change Today:
      23.50p
  • 52 Week High: 959.50
  • 52 Week Low: 692.20
  • Currency: UK Pounds
  • Shares Issued: 212.51m
  • Volume: 452,908
  • Market Cap: £1,935.96m
  • RiskGrade: 152
  • Beta: 0.01

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.2% 4.4% 2.4% 0.0% 1.0%
           
Continuing Operations          
PE Ratio - Adjusted 18.1 9.4 14.5 64.1 14.2
PE Ratio - Diluted 46.6
20.1		 10.0
10.1		 15.2
15.2		 n/a
20.5		 33.1
14.7
PEG - Adjusted n/a n/a 0.0 n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
0.3		 n/a
n/a		 n/a
n/a
Return on Capital Employed 4.90%
7.58%		 12.48%
12.48%		 0.14%
0.14%		 0.20%
4.07%		 9.05%
11.20%
Operating Margin 2.26%
3.49%		 5.70%
5.70%		 7.60%
7.45%		 0.73%
3.35%		 2.60%
4.77%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.1 9.4 1,435.2 64.1 14.2
PE Ratio - Diluted 46.6
20.1		 10.0
10.1		 1,296.3
1,504.4		 n/a
19.0		 33.1
14.7
PEG - Adjusted n/a 0.0 n/a n/a 0.1
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 45.19% 38.94% 27.02% 51.49% 69.22%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 1.6 1.7 2.9 3.2 4.4
Price/Tangible Book Value 1.6 1.7 2.9 3.2 4.5
Price/ Cash Flow 8.0 7.3 10.9 6.9 10.8
Price/Revenue 0.36 0.38 77.82 0.91 0.57
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 518.93p 532.67p 543.26p 419.73p 361.11p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 4,861.90 4,994.80 46.30 3,697.50 6,955.70
EBITDA 286.40
346.40		 454.50
454.50		 4.43
4.36		 185.20
282.10		 180.80
331.70
Depreciation (176.50)
(176.50)		 (169.70)
(169.70)		 (0.91)
(0.91)		 (158.10)
(158.10)		 n/a
n/a
Net Interest (39.90)
(39.90)		 (39.80)
(39.80)		 (0.43)
(0.43)		 (47.40)
(47.40)		 n/a
n/a
Profit Before Tax 70.00
130.00		 245.00
245.00		 3.08
3.02		 (20.30)
76.60		 180.80
331.70
           
Revenue per Share 2,309.35p 2,360.15p 19.98p 1,487.53p 2,805.20p
Pre-Tax Profit per Share 33.25p
61.75p		 115.77p
115.77p		 1.33p
1.30p		 (8.17p)
30.82p		 72.92p
133.77p
Market Capitalisation £ (Millions) 1,760.85 2,001.38 3,498.03 3,396.38 4,039.35
Enterprise Value (EV) £ (Millions) 2,799.85 3,054.88 4,562.23 5,292.68 5,896.95
EBITDA/EV 10.23%
12.37%		 14.88%
14.88%		 0.10%
0.10%		 3.50%
5.33%		 3.07%
5.62%
Operating Margin 2.26%
3.49%		 5.70%
5.70%		 7.60%
7.45%		 0.73%
3.35%		 2.60%
4.77%
Capital Employed £ (Millions) 2,242.60 2,282.40 2,470.70 3,045.20 2,961.70
Return on Capital Employed 4.90%
7.58%		 12.48%
12.48%		 0.14%
0.14%		 0.20%
4.07%		 9.05%
11.20%
Invested Equity Capital £ (Millions) 2,136.90 2,203.10 2,385.00 2,812.90 2,653.40
           
Earnings per Share - Basic 18.10p
41.99p		 90.80p
89.59p		 103.90p
103.68p		 (14.30p)
65.58p		 48.90p
109.70p
Earnings per Share - Diluted 17.80p
41.28p		 89.20p
88.01p		 102.60p
102.37p		 (14.30p)
65.58p		 48.40p
108.69p
Earnings per Share - Adjusted 45.70p 94.60p 107.30p 21.00p 112.70p
Earnings per Share Growth - Basic -80%
-53%		 -13%
-14%		 n/a
58%		 n/a
-40%		 n/a
-2%
Earnings per Share Growth - Diluted -80%
-53%		 -13%
-14%		 n/a
56%		 n/a
-40%		 n/a
-2%
Earnings per Share Growth - Adjusted -52% -12% 411% -81% -2%
PE Ratio - Diluted 46.6
20.1		 10.0
10.1		 15.2
15.2		 n/a
20.5		 33.1
14.7
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
0.3		 n/a
n/a		 n/a
n/a
Tax Rate 45.57% 21.55% 21.20% (72.91%) 32.08%
Dividend Cover 2.54
2.33		 2.43
2.30		 2.82
2.73		 n/a
n/a		 7.27
7.08
Interest Cover 2.35
3.50		 6.00
6.00		 7.53
7.38		 0.65
2.31		 n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 18.10p
41.99p		 90.80p
89.59p		 1.21p
1.05p		 (9.00p)
70.89p		 48.90p
109.70p
Earnings per Share - Diluted 17.80p
41.28p		 89.20p
88.01p		 1.20p
1.03p		 (9.00p)
70.89p		 48.40p
108.69p
Earnings per Share - Adjusted 45.70p 94.60p 1.08p 21.00p 112.70p
Earnings per Share Growth - Basic -80%
-53%		 7,378%
8,460%		 n/a
-98%		 n/a
-35%		 n/a
97%
Earnings per Share Growth - Diluted -80%
-53%		 7,338%
8,418%		 n/a
-98%		 n/a
-35%		 n/a
96%
Earnings per Share Growth - Adjusted -52% 8,634% -95% -81% 97%
PE Ratio - Diluted 46.6
20.1		 10.0
10.1		 1,296.3
1,504.4		 n/a
19.0		 33.1
14.7
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.2
Dividend Cover 2.54
2.33		 2.43
2.30		 0.03
0.03		 n/a
n/a		 7.27
7.08
Return on Equity (ROE) 1.78%
4.14%		 8.72%
8.61%		 0.12%
0.10%		 (0.80%)
6.26%		 4.56%
10.25%
Operating Cash Flow per Share 103.36p 121.01p 142.08p 195.48p 148.98p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (43.56p) (111.80p) (0.20p) 119.77p (19.16p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 18.00p 39.00p 38.00p n/a 15.50p
Dividend per Share Growth (53.85%) 2.63% n/a n/a (67.02%)
Dividend Yield 2.2% 4.4% 2.4% 0.0% 1.0%
Shareholders Funds 2,040.30 2,102.20 2,237.80 2,713.80 2,582.70
Net Borrowings £ (Millions) 922.00 818.50 604.60 1,397.20 1,787.70
Net Asset Value per Share (inc. Intangibles) 518.93p 532.67p 543.26p 419.73p 359.34p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 2,040.30 2,102.20 2,237.80 2,713.80 2,582.70
Net Borrowings £ (Millions) 922.00 818.50 604.60 1,397.20 1,787.70
Net Gearing 45.19% 38.94% 27.02% 51.49% 69.22%
Cash & Near Cash 131.50 235.70 459.80 505.60 207.90
Cash 6.45% 11.21% 20.55% 18.63% 8.05%
Gross Borrowings 1,053.50 1,054.20 1,064.40 1,902.80 1,995.60
Gross Gearing 51.63% 50.15% 47.56% 70.12% 77.27%
Borrowings Under 5 years 1,053.50 1,054.20 1,064.40 1,902.80 1,995.60
Under 5 years 51.63% 50.15% 47.56% 70.12% 77.27%
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-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 1,092.50 1,127.30 1,259.10 1,043.30 891.00
Net Borrowings £ (Millions) 922.00 818.50 604.60 1,397.20 1,787.70
Net Gearing 84.39% 72.61% 48.02% 133.92% 200.64%
Cash & Near Cash 131.50 235.70 459.80 505.60 207.90
Cash 12.04% 20.91% 36.52% 48.46% 23.33%
Gross Borrowings 1,053.50 1,054.20 1,064.40 1,902.80 1,995.60
Gross Gearing 96.43% 93.52% 84.54% 182.38% 223.97%
Borrowings Under 5 years 1,053.50 1,054.20 1,064.40 1,902.80 1,995.60
Under 5 years 96.43% 93.52% 84.54% 182.38% 223.97%
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-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.90 0.84 1.14 0.92 0.86
Current Ratio 1.69 1.47 1.84 1.47 1.36

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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