NCC Group (NCC)

Sector:

IT Services

Index:

FTSE 250

135.00p
   
  • Change Today:
    -0.60p
  • 52 Week High: 136.80
  • 52 Week Low: 86.30
  • Currency: UK Pounds
  • Shares Issued: 313.49m
  • Volume: 266,968
  • Market Cap: £423.21m
  • RiskGrade: 166

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-May-23 31-May-22 31-May-21 31-May-20 31-May-11
Annualisation Factor 1.0 1.0 n/a 0.1 1.0
Dividend Yield 5.1% 2.2% 1.6% 3.0% 2.4%
           
Continuing Operations          
PE Ratio - Adjusted 14.9 19.9 31.2 20.2 14.1
PE Ratio - Diluted n/a
n/a		 29.1
26.8		 84.6
42.4		 66.7
30.8		 20.5
3.1
PEG - Adjusted n/a 1.4 1.2 1.2 0.5
PEG - Diluted n/a
n/a		 0.3
1.8		 1.6
1.1		 n/a
n/a		 n/a
0.2
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 0.57%
1.22%		 11.02%
12.55%		 6.40%
11.09%		 4.78%
8.30%		 18.98%
20.56%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 14.9 19.9 3,086.8 181.8 14.1
PE Ratio - Diluted n/a
n/a		 29.1
26.8		 8,378.4
4,199.2		 600.8
277.8		 23.3
3.4
PEG - Adjusted n/a 0.0 n/a n/a 0.5
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.7

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-May-23 31-May-22 31-May-21 31-May-20 31-May-11
Net Gearing 27.97% 28.99% (18.37%) 20.59% 36.52%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-May-23 31-May-22 31-May-21 31-May-20 31-May-11
Price/Book Value (3.2) (7.3) 13.4 (26.3) (0.8)
Price/Tangible Book Value (3.2) (7.3) 13.4 (26.3) (0.8)
Price/ Cash Flow 8.8 12.1 21.4 10.9 2.4
Price/Revenue 0.84 2.11 304.84 14.57 0.44
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (28.45p) (29.56p) 22.16p (5.83p) (111.06p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-May-23 31-May-22 31-May-21 31-May-20 31-May-11
Continuing Operations          
Revenue 335.10 314.80 2.73 29.27 71.00
EBITDA 24.50
26.70		 54.40
59.20		 0.37
0.50		 4.02
5.05		 17.94
19.06
Depreciation (22.60)
(22.60)		 (19.70)
(19.70)		 (0.20)
(0.20)		 (2.62)
(2.62)		 (4.47)
(4.47)
Net Interest (6.20)
(6.20)		 (3.70)
(3.70)		 (0.03)
(0.03)		 (0.33)
(0.33)		 (0.70)
(0.70)
Profit Before Tax (4.30)
(2.10)		 31.00
35.80		 0.15
0.28		 1.07
2.10		 12.77
13.89
           
Revenue per Share 107.72p 101.71p 0.97p 10.53p 209.29p
Pre-Tax Profit per Share (1.38p)
(0.68p)		 10.02p
11.57p		 0.053p
0.099p		 0.38p
0.76p		 37.64p
40.96p
Market Capitalisation £ (Millions) 283.73 666.43 914.51 427.85 31.11
Enterprise Value (EV) £ (Millions) 388.23 821.33 977.61 564.65 56.29
EBITDA/EV 6.31%
6.88%		 6.62%
7.21%		 0.04%
0.05%		 0.71%
0.89%		 31.86%
33.86%
Operating Margin 0.57%
1.22%		 11.02%
12.55%		 6.40%
11.09%		 4.78%
8.30%		 18.98%
20.56%
Capital Employed £ (Millions) 26.30 69.10 131.70 125.80 (10.97)
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 281.10 295.60 268.00 210.50 57.60
           
Earnings per Share - Basic (1.50p)
(1.86p)		 7.40p
8.04p		 3.60p
7.02p		 2.30p
5.02p		 4.58p
30.82p
Earnings per Share - Diluted (1.50p)
(1.86p)		 7.40p
8.01p		 3.50p
6.98p		 2.30p
4.97p		 4.45p
29.89p
Earnings per Share - Adjusted 6.10p 10.80p 9.50p 7.60p 6.48p
Earnings per Share Growth - Basic n/a
n/a		 106%
15%		 56%
40%		 -50%
-84%		 n/a
19%
Earnings per Share Growth - Diluted n/a
n/a		 111%
15%		 52%
40%		 -48%
-83%		 0%
19%
Earnings per Share Growth - Adjusted -44% 14% 25% 17% 28%
PE Ratio - Diluted n/a
n/a		 29.1
26.8		 84.6
42.4		 66.7
30.8		 20.5
3.1
PEG - Diluted n/a
n/a		 0.3
1.8		 1.6
1.1		 n/a
n/a		 n/a
0.2
Tax Rate (6.98%) 25.81% 32.43% 33.33% 26.95%
Dividend Cover 1.31
(0.40)		 2.32
1.73		 2.04
1.51		 1.63
1.08		 2.99
14.22
Interest Cover 0.31
0.66		 9.38
10.68		 6.92
12.00		 4.20
7.30		 18.93
20.51
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (1.50p)
(1.86p)		 7.40p
8.04p		 0.036p
0.071p		 0.26p
0.56p		 4.05p
27.58p
Earnings per Share - Diluted (1.50p)
(1.86p)		 7.40p
8.01p		 0.035p
0.070p		 0.26p
0.55p		 3.92p
26.75p
Earnings per Share - Adjusted 6.10p 10.80p 0.096p 0.84p 6.48p
Earnings per Share Growth - Basic n/a
n/a		 20,264%
11,253%		 -86%
-87%		 -94%
-98%		 -13%
4%
Earnings per Share Growth - Diluted n/a
n/a		 20,846%
11,262%		 -86%
-87%		 -94%
-98%		 -13%
5%
Earnings per Share Growth - Adjusted -44% 11,162% -89% -87% 28%
PE Ratio - Diluted n/a
n/a		 29.1
26.8		 8,378.4
4,199.2		 600.8
277.8		 23.3
3.4
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.7
Dividend Cover 1.31
(0.40)		 2.32
1.73		 0.02
0.02		 0.18
0.12		 2.99
12.73
Return on Equity (ROE) (1.64%)
(2.06%)		 7.78%
8.42%		 0.04%
0.07%		 0.34%
0.74%		 14.29%
16.24%
Operating Cash Flow per Share 10.32p 17.71p 13.83p 14.10p 38.47p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (13.34p) (14.41p) 0.100p 2.40p (1.03p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 4.65p 4.65p 4.65p 4.65p 2.17p
Dividend per Share Growth n/a n/a n/a 114.62% 20.93%
Dividend Yield 5.1% 2.2% 1.6% 3.0% 2.4%
Shareholders Funds 278.20 293.20 266.20 205.90 56.08
Net Borrowings £ (Millions) 77.80 85.00 (48.90) 42.40 20.48
Net Asset Value per Share (inc. Intangibles) (28.45p) (29.56p) 22.16p (5.83p) (111.06p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-May-23 31-May-22 31-May-21 31-May-20 31-May-11
Shareholders' Funds inc Intangibles 278.20 293.20 266.20 205.90 56.08
Net Borrowings £ (Millions) 77.80 85.00 (48.90) 42.40 20.48
Net Gearing 27.97% 28.99% (18.37%) 20.59% 36.52%
Cash & Near Cash 34.10 73.20 116.50 95.00 4.70
Cash 12.26% 24.97% 43.76% 46.14% 8.38%
Gross Borrowings 111.90 158.20 67.60 137.40 25.18
Gross Gearing 40.22% 53.96% 25.39% 66.73% 44.90%
Borrowings Under 5 years 111.90 158.20 67.60 137.40 25.18
Under 5 years 40.22% 53.96% 25.39% 66.73% 44.90%
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-May-23 31-May-22 31-May-21 31-May-20 31-May-11
Shareholders' Funds exc Intangibles (88.50) (91.50) 62.30 (16.20) (37.67)
Net Borrowings £ (Millions) 77.80 85.00 (48.90) 42.40 20.48
Net Gearing (87.91%) (92.90%) (78.49%) n/a (54.36%)
Cash & Near Cash 34.10 73.20 116.50 95.00 4.70
Cash (38.53%) (80.00%) 187.00% (586.42%) (12.48%)
Gross Borrowings 111.90 158.20 67.60 137.40 25.18
Gross Gearing 126.44% 172.90% 108.51% 848.15% 66.84%
Borrowings Under 5 years 111.90 158.20 67.60 137.40 25.18
Under 5 years (126.44%) (172.90%) 108.51% (848.15%) (66.84%)
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-May-23 31-May-22 31-May-21 31-May-20 31-May-11
Quick Ratio 0.90 1.06 1.88 1.81 n/a
Current Ratio 0.90 1.06 1.89 1.82 0.69

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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