Travis Perkins (TPK)

Sector:

Support

Index:

FTSE 250

836.20p
   
  • Change Today:
    -3.80p
  • 52 Week High: 1,082.50
  • 52 Week Low: 738.00
  • Currency: UK Pounds
  • Shares Issued: 212.51m
  • Volume: 17,650
  • Market Cap: £1,777.00m
  • RiskGrade: 152

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.5
Dividend Yield 4.4% 2.4% 0.0% 1.0% 4.4%
           
Continuing Operations          
PE Ratio - Adjusted 9.4 14.5 64.1 14.2 9.3
PE Ratio - Diluted 10.0
10.0		 15.2
15.2		 n/a
20.5		 33.1
14.7		 n/a
9.6
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
0.3		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed 12.48%
12.48%		 0.14%
0.14%		 0.20%
4.07%		 9.05%
11.20%		 n/a
10.32%
Operating Margin 5.70%
5.70%		 7.60%
7.45%		 0.73%
3.35%		 2.60%
4.77%		 (0.32%)
5.42%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.4 1,435.2 64.1 14.2 18.7
PE Ratio - Diluted 10.0
10.0		 1,296.3
1,504.4		 n/a
19.0		 33.1
14.7		 n/a
19.2
PEG - Adjusted 0.0 n/a n/a 0.1 n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.2		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 38.94% 27.02% 51.49% 69.22% 13.07%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value 1.7 2.9 3.2 4.4 2.6
Price/Tangible Book Value 1.7 2.9 3.2 4.5 2.6
Price/ Cash Flow 7.3 10.9 6.9 10.8 10.7
Price/Revenue 0.38 77.82 0.91 0.57 0.79
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 532.67p 543.26p 419.73p 361.11p 419.45p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 4,994.80 46.30 3,697.50 6,955.70 3,370.25
EBITDA 375.50
375.50		 4.43
4.36		 185.20
282.10		 180.80
331.70		 53.50
245.50
Depreciation (90.70)
(90.70)		 (0.91)
(0.91)		 (158.10)
(158.10)		 n/a
n/a		 (64.35)
(63.00)
Net Interest (39.80)
(39.80)		 (0.43)
(0.43)		 (47.40)
(47.40)		 n/a
n/a		 (11.85)
(11.85)
Profit Before Tax 245.00
245.00		 3.08
3.02		 (20.30)
76.60		 180.80
331.70		 (24.70)
168.65
           
Revenue per Share 2,360.15p 19.98p 1,487.53p 2,805.20p 1,355.25p
Pre-Tax Profit per Share 115.77p
115.77p		 1.33p
1.30p		 (8.17p)
30.82p		 72.92p
133.77p		 (9.93p)
67.82p
Market Capitalisation £ (Millions) 1,890.06 3,498.03 3,396.38 4,039.35 2,697.94
Enterprise Value (EV) £ (Millions) 2,943.56 4,562.23 5,292.68 5,896.95 3,306.94
EBITDA/EV 12.76%
12.76%		 0.10%
0.10%		 3.50%
5.33%		 3.07%
5.62%		 1.62%
7.42%
Operating Margin 5.70%
5.70%		 7.60%
7.45%		 0.73%
3.35%		 2.60%
4.77%		 (0.32%)
5.42%
Capital Employed £ (Millions) 2,282.40 2,470.70 3,045.20 2,961.70 1,748.30
Return on Capital Employed 12.48%
12.48%		 0.14%
0.14%		 0.20%
4.07%		 9.05%
11.20%		 n/a
10.32%
Invested Equity Capital £ (Millions) 2,203.10 2,385.00 2,812.90 2,653.40 2,802.10
           
Earnings per Share - Basic 90.80p
90.82p		 103.90p
103.68p		 (14.30p)
65.58p		 48.90p
109.70p		 (34.40p)
111.35p
Earnings per Share - Diluted 89.20p
89.22p		 102.60p
102.37p		 (14.30p)
65.58p		 48.40p
108.69p		 (34.40p)
111.19p
Earnings per Share - Adjusted 94.60p 107.30p 21.00p 112.70p 114.50p
Earnings per Share Growth - Basic -13%
-12%		 n/a
58%		 n/a
-40%		 n/a
-2%		 n/a
-3%
Earnings per Share Growth - Diluted -13%
-13%		 n/a
56%		 n/a
-40%		 n/a
-2%		 n/a
-2%
Earnings per Share Growth - Adjusted -12% 411% -81% -2% -5%
PE Ratio - Diluted 10.0
10.0		 15.2
15.2		 n/a
20.5		 33.1
14.7		 n/a
9.6
PEG - Diluted n/a
n/a		 n/a
0.3		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 21.55% 21.20% (72.91%) 32.08% (75.11%)
Dividend Cover 2.43
2.33		 2.82
2.73		 n/a
n/a		 7.27
7.08		 2.44
2.37
Interest Cover 6.00
6.00		 7.53
7.38		 0.65
2.31		 n/a
n/a		 (0.77)
13.09
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 90.80p
90.82p		 1.21p
1.05p		 (9.00p)
70.89p		 48.90p
109.70p		 (17.20p)
55.67p
Earnings per Share - Diluted 89.20p
89.22p		 1.20p
1.03p		 (9.00p)
70.89p		 48.40p
108.69p		 (17.20p)
55.60p
Earnings per Share - Adjusted 94.60p 1.08p 21.00p 112.70p 57.25p
Earnings per Share Growth - Basic 7,378%
8,578%		 n/a
-98%		 n/a
-35%		 n/a
97%		 n/a
-52%
Earnings per Share Growth - Diluted 7,338%
8,534%		 n/a
-98%		 n/a
-35%		 n/a
96%		 n/a
-51%
Earnings per Share Growth - Adjusted 8,634% -95% -81% 97% -52%
PE Ratio - Diluted 10.0
10.0		 1,296.3
1,504.4		 n/a
19.0		 33.1
14.7		 n/a
19.2
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.2		 n/a
n/a
Dividend Cover 2.43
2.33		 0.03
0.03		 n/a
n/a		 7.27
7.08		 1.22
1.18
Return on Equity (ROE) 8.72%
8.72%		 0.12%
0.10%		 (0.80%)
6.26%		 4.56%
10.25%		 (1.53%)
4.94%
Operating Cash Flow per Share 121.01p 142.08p 195.48p 148.98p 100.41p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (111.80p) (0.20p) 119.77p (19.16p) 4.30p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 39.00p 38.00p n/a 15.50p 47.00p
Dividend per Share Growth 2.63% n/a n/a (67.02%) 4.44%
Dividend Yield 4.4% 2.4% 0.0% 1.0% 4.4%
Shareholders Funds 2,102.20 2,237.80 2,713.80 2,582.70 2,705.90
Net Borrowings £ (Millions) 818.50 604.60 1,397.20 1,787.70 353.60
Net Asset Value per Share (inc. Intangibles) 532.67p 543.26p 419.73p 359.34p 414.71p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 2,102.20 2,237.80 2,713.80 2,582.70 2,705.90
Net Borrowings £ (Millions) 818.50 604.60 1,397.20 1,787.70 353.60
Net Gearing 38.94% 27.02% 51.49% 69.22% 13.07%
Cash & Near Cash 235.70 459.80 505.60 207.90 255.40
Cash 11.21% 20.55% 18.63% 8.05% 9.44%
Gross Borrowings 1,054.20 1,064.40 1,902.80 1,995.60 609.00
Gross Gearing 50.15% 47.56% 70.12% 77.27% 22.51%
Borrowings Under 5 years 1,054.20 1,064.40 1,902.80 1,995.60 609.00
Under 5 years 50.15% 47.56% 70.12% 77.27% 22.51%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 1,127.30 1,259.10 1,043.30 891.00 1,031.30
Net Borrowings £ (Millions) 818.50 604.60 1,397.20 1,787.70 353.60
Net Gearing 72.61% 48.02% 133.92% 200.64% 34.29%
Cash & Near Cash 235.70 459.80 505.60 207.90 255.40
Cash 20.91% 36.52% 48.46% 23.33% 24.76%
Gross Borrowings 1,054.20 1,064.40 1,902.80 1,995.60 609.00
Gross Gearing 93.52% 84.54% 182.38% 223.97% 59.05%
Borrowings Under 5 years 1,054.20 1,064.40 1,902.80 1,995.60 609.00
Under 5 years 93.52% 84.54% 182.38% 223.97% 59.05%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 0.84 1.14 0.92 0.86 0.89
Current Ratio 1.47 1.84 1.47 1.36 1.39

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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