Weir Group (WEIR)

Sector:

Engineering

Index:

FTSE 100

2,022.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 2,036.00
  • 52 Week Low: 1,675.50
  • Currency: UK Pounds
  • Shares Issued: 257.90m
  • Volume: 510,312
  • Market Cap: £5,215m
  • RiskGrade: 162

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 2.0% 2.0% 1.4% 0.0% 3.1%
           
Continuing Operations          
PE Ratio - Adjusted 16.3 17.0 24.0 26.7 19.3
PE Ratio - Diluted 21.4
23.4
20.5
17.1
28.9
29.1
37.6
26.7
27.3
19.5
PEG - Adjusted 0.9 0.4 n/a n/a n/a
PEG - Diluted 2.7
n/a
0.5
0.3
2.4
n/a
n/a
n/a
0.2
1.2
Return on Capital Employed 19.30%
19.30%
15.93%
20.45%
0.16%
0.16%
8.38%
19.24%
16.13%
21.58%
Operating Margin 13.88%
13.88%
12.34%
15.87%
13.18%
13.14%
11.84%
14.72%
11.50%
15.38%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.3 17.0 2,378.1 26.7 19.3
PE Ratio - Diluted 21.5
23.6
20.4
17.0
1,712.7
1,717.9
n/a
39.4
n/a
n/a
PEG - Adjusted 0.9 0.0 n/a n/a n/a
PEG - Diluted 3.1
n/a
0.0
0.0
n/a
n/a
n/a
n/a
n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 40.84% 46.17% 53.52% 77.11% 76.49%

  £ (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 12.7 13.2 30.4 93.9 (65.7)
Price/Tangible Book Value 13.0 13.6 32.8 118.1 (64.2)
Price/ Cash Flow 12.4 13.5 28.4 18.9 14.9
Price/Revenue 1.85 1.75 227.38 2.63 1.91
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 148.49p 126.79p 56.34p 21.20p (22.97p)
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 2,636.00 2,472.10 19.52 1,964.70 2,049.80
EBITDA 475.10
475.10
425.00
512.30
3.29
3.28
327.40
383.90
235.70
315.30
Depreciation (109.20)
(109.20)
(120.00)
(120.00)
(0.71)
(0.71)
(94.70)
(94.70)
n/a
n/a
Net Interest (47.70)
(47.70)
(47.30)
(47.30)
(0.48)
(0.48)
(50.00)
(50.00)
(46.30)
(46.30)
Profit Before Tax 320.70
320.70
260.20
347.50
2.11
2.11
184.30
240.80
189.40
269.00
           
Revenue per Share 1,020.12p 955.59p 7.53p 757.11p 789.90p
Pre-Tax Profit per Share 124.11p
124.11p
100.58p
134.32p
0.82p
0.81p
71.02p
92.79p
72.99p
103.66p
Market Capitalisation £ (Millions) 4,865.28 4,317.70 4,443.05 5,164.74 3,918.66
Enterprise Value (EV) £ (Millions) 6,225.28 5,797.20 5,772.15 6,050.84 5,294.86
EBITDA/EV 7.63%
7.63%
7.33%
8.84%
0.06%
0.06%
5.41%
6.34%
4.45%
5.95%
Operating Margin 13.88%
13.88%
12.34%
15.87%
13.18%
13.14%
11.84%
14.72%
11.50%
15.38%
Capital Employed £ (Millions) 1,908.60 1,930.70 1,592.80 1,511.60 1,461.00
Return on Capital Employed 19.30%
19.30%
15.93%
20.45%
0.16%
0.16%
8.38%
19.24%
16.13%
21.58%
Invested Equity Capital £ (Millions) 1,817.40 1,840.80 1,553.20 1,403.90 1,602.30
           
Earnings per Share - Basic 88.70p
80.92p
82.00p
98.42p
59.60p
59.27p
53.30p
75.11p
55.50p
78.11p
Earnings per Share - Diluted 88.20p
80.48p
81.50p
97.81p
59.20p
58.89p
52.90p
74.47p
55.20p
77.60p
Earnings per Share - Adjusted 115.90p 98.40p 71.30p 74.40p 78.10p
Earnings per Share Growth - Basic 8%
-18%
38%
66%
12%
-21%
-4%
-4%
156%
16%
Earnings per Share Growth - Diluted 8%
-18%
38%
66%
12%
-21%
-4%
-4%
156%
16%
Earnings per Share Growth - Adjusted 18% 38% -4% -5% -18%
PE Ratio - Diluted 21.4
23.4
20.5
17.1
28.9
29.1
37.6
26.7
27.3
19.5
PEG - Diluted 2.7
n/a
0.5
0.3
2.4
n/a
n/a
n/a
0.2
1.2
Tax Rate 28.54% 18.47% 26.18% 25.01% 23.65%
Dividend Cover 3.00
2.10
3.00
3.00
3.00
2.49
n/a
n/a
1.69
1.69
Interest Cover 5.83
5.83
6.10
7.81
4.98
4.96
4.43
5.48
4.77
6.35
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 88.20p
80.42p
82.50p
98.88p
1.01p
1.00p
(57.60p)
50.94p
(146.40p)
(123.81p)
Earnings per Share - Diluted 87.70p
79.98p
82.00p
98.27p
1.00p
1.00p
(57.60p)
50.52p
(146.40p)
(123.01p)
Earnings per Share - Adjusted 115.90p 98.40p 0.72p 74.40p 78.10p
Earnings per Share Growth - Basic 7%
-19%
8,098%
9,760%
n/a
-98%
n/a
n/a
n/a
n/a
Earnings per Share Growth - Diluted 7%
-19%
8,106%
9,764%
n/a
-98%
n/a
n/a
n/a
n/a
Earnings per Share Growth - Adjusted 18% 13,572% -99% -5% -18%
PE Ratio - Diluted 21.5
23.6
20.4
17.0
1,712.7
1,717.9
n/a
39.4
n/a
n/a
PEG - Diluted 3.1
n/a
0.0
0.0
n/a
n/a
n/a
n/a
n/a
n/a
Dividend Cover 3.00
2.08
3.00
3.01
0.03
0.04
n/a
n/a
1.69
(2.68)
Return on Equity (ROE) 12.54%
11.43%
11.59%
13.90%
0.17%
0.17%
(10.66%)
9.42%
(23.71%)
(20.05%)
Operating Cash Flow per Share 152.59p 124.00p 60.20p 105.36p 101.54p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.46p (19.83p) 0.52p 45.16p 5.93p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 38.60p 32.80p 23.80p n/a 46.20p
Dividend per Share Growth 17.68% 37.82% n/a n/a n/a
Dividend Yield 2.0% 2.0% 1.4% 0.0% 3.1%
Shareholders Funds 1,689.80 1,726.50 1,443.50 1,306.40 1,512.00
Net Borrowings £ (Millions) 690.10 797.20 771.80 1,007.40 1,156.50
Net Asset Value per Share (inc. Intangibles) 144.66p 122.38p 52.10p 16.84p (23.51p)

  £ (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 1,689.80 1,726.50 1,443.50 1,306.40 1,512.00
Net Borrowings £ (Millions) 690.10 797.20 771.80 1,007.40 1,156.50
Net Gearing 40.84% 46.17% 53.52% 77.11% 76.49%
Cash & Near Cash 707.20 691.20 564.40 351.70 273.80
Cash 41.85% 40.03% 39.10% 26.92% 18.11%
Gross Borrowings 1,397.30 1,488.40 1,336.20 1,359.10 1,430.30
Gross Gearing 82.69% 86.21% 92.62% 104.03% 94.60%
Borrowings Under 5 years 1,397.30 1,488.40 1,336.20 1,359.10 1,430.30
Under 5 years 82.69% 86.21% 92.57% 104.03% 94.60%
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 373.80 316.60 135.10 43.70 (61.00)
Net Borrowings £ (Millions) 690.10 797.20 771.80 1,007.40 1,156.50
Net Gearing 184.62% 251.80% 571.80% 2,305.26% n/a
Cash & Near Cash 707.20 691.20 564.40 351.70 273.80
Cash 189.19% 218.32% 417.76% 804.80% (448.85%)
Gross Borrowings 1,397.30 1,488.40 1,336.20 1,359.10 1,430.30
Gross Gearing 373.81% 470.12% 989.56% 3,110.06% 2,344.75%
Borrowings Under 5 years 1,397.30 1,488.40 1,336.20 1,359.10 1,430.30
Under 5 years 373.81% 470.12% 989.05% 3,110.06% (2,344.75%)
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 1.38 1.17 1.04 1.93 0.73
Current Ratio 2.03 1.80 1.53 2.62 1.26

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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