TT Electronics (TTG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

135.20p
   
  • Change Today:
    -0.80p
  • 52 Week High: 204.00
  • 52 Week Low: 135.00
  • Currency: UK Pounds
  • Shares Issued: 177.46m
  • Volume: 310,574
  • Market Cap: £239.93m
  • RiskGrade: 186

Key Financials

  £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09
Annualisation Factor 1.0 1.0
Dividend Yield 1.6% 0.0%
     
Continuing Operations    
PE Ratio - Adjusted 19.1 n/a
PE Ratio - Diluted 14.5
14.6
n/a
n/a
PEG - Adjusted n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
Return on Capital Employed 18.24%
18.24%
n/a
4.00%
Operating Margin 5.35%
5.31%
(2.37%)
1.38%
     
Continuing & Discontinued Operations    
PE Ratio - Adjusted 19.1 n/a
PE Ratio - Diluted 10.3
10.4
n/a
n/a
PEG - Adjusted n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a

  £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09
Net Gearing 5.59% 37.09%

  £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09
Price/Book Value 2.7 1.6
Price/Tangible Book Value 2.8 1.6
Price/ Cash Flow 5.9 1.7
Price/Revenue 0.48 0.24
Price/R&D n/a n/a
Net Asset Value per Share (exc. Intangibles) 62.90p 46.65p
Net Cash per Share n/a n/a

  £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09
Continuing Operations    
Revenue 555.50 463.50
EBITDA 59.70
59.50
23.40
37.00
Depreciation (30.00)
(30.00)
(34.40)
(30.60)
Net Interest (4.50)
(4.50)
(5.60)
(5.60)
Profit Before Tax 25.10
24.90
(16.60)
0.80
     
Revenue per Share 358.39p 299.03p
Pre-Tax Profit per Share 16.19p
16.07p
(10.71p)
0.52p
Market Capitalisation £ (Millions) 266.81 113.50
Enterprise Value (EV) £ (Millions) 321.11 194.80
EBITDA/EV 18.59%
18.53%
12.01%
18.99%
Operating Margin 5.35%
5.31%
(2.37%)
1.38%
Capital Employed £ (Millions) 161.20 160.00
Return on Capital Employed 18.24%
18.24%
n/a
4.00%
Invested Equity Capital £ (Millions) 186.10 159.50
     
Earnings per Share - Basic 11.90p
11.74p
(12.10p)
(0.90p)
Earnings per Share - Diluted 11.90p
11.74p
(12.10p)
(0.90p)
Earnings per Share - Adjusted 9.00p (1.20)p
Earnings per Share Growth - Basic n/a
n/a
n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a
n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a
PE Ratio - Diluted 14.5
14.6
n/a
n/a
PEG - Diluted n/a
n/a
n/a
n/a
Tax Rate 26.69% (13.25%)
Dividend Cover 3.21
4.19
n/a
n/a
Interest Cover 2.05
2.04
0.22
1.04
     
Continuing & Discontinued Operations    
Earnings per Share - Basic 16.70p
16.58p
(12.60p)
(1.42p)
Earnings per Share - Diluted 16.70p
16.58p
(12.60p)
(1.42p)
Earnings per Share - Adjusted 9.00p (1.20p)
Earnings per Share Growth - Basic n/a
n/a
n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a
n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a
PE Ratio - Diluted 10.3
10.4
n/a
n/a
PEG - Diluted n/a
n/a
n/a
n/a
Dividend Cover 3.21
5.92
n/a
n/a
Return on Equity (ROE) 13.92%
13.81%
(12.29%)
(1.38%)
Operating Cash Flow per Share 29.03p 43.10p
Gross Cash Flow per Share cn/a cn/a
Cash Incr/Decr per Share 12.32p 23.61p
Capital Expenditure per Share n/a n/a
Dividend per Share 2.80p n/a
Dividend per Share Growth n/a n/a
Dividend Yield 1.6% 0.0%
Shareholders Funds 177.10 153.40
Net Borrowings £ (Millions) 9.90 56.90
Net Asset Value per Share (inc. Intangibles) 61.61p 45.10p

  £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09
Shareholders' Funds inc Intangibles 177.10 153.40
Net Borrowings £ (Millions) 9.90 56.90
Net Gearing 5.59% 37.09%
Cash & Near Cash 44.80 24.70
Cash 25.30% 16.10%
Gross Borrowings 54.70 81.60
Gross Gearing 30.89% 53.19%
Borrowings Under 5 years 54.70 81.60
Under 5 years 30.89% 53.19%
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-10 31-Dec-09
Shareholders' Funds exc Intangibles 95.50 69.90
Net Borrowings £ (Millions) 9.90 56.90
Net Gearing 10.37% 81.40%
Cash & Near Cash 44.80 24.70
Cash 46.91% 35.34%
Gross Borrowings 54.70 81.60
Gross Gearing 57.28% 116.74%
Borrowings Under 5 years 54.70 81.60
Under 5 years 57.28% 116.74%
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Cover 31-Dec-10 31-Dec-09
Quick Ratio 1.09 0.99
Current Ratio 1.74 1.75

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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