Discoverie Group (DSCV)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

737.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 938.00
  • 52 Week Low: 593.00
  • Currency: UK Pounds
  • Shares Issued: 95.46m
  • Volume: 107,084
  • Market Cap: £703.51m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-11
Annualisation Factor 1.0 1.0 n/a 0.1 1.0
Dividend Yield 1.5% 1.4% 1.5% 0.6% 2.2%
           
Continuing Operations          
PE Ratio - Adjusted 21.9 26.8 29.9 16.3 17.7
PE Ratio - Diluted 35.5
40.3		 78.0
53.2		 65.0
34.5		 29.8
24.8		 60.0
56.7
PEG - Adjusted 1.1 0.9 n/a 0.1 n/a
PEG - Diluted 0.3
1.4		 n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a
Return on Capital Employed 45.71%
47.56%		 28.44%
37.28%		 0.30%
0.50%		 4.68%
5.26%		 6.16%
8.62%
Operating Margin 7.71%
8.02%		 5.51%
7.23%		 5.65%
9.25%		 5.10%
5.72%		 0.94%
1.32%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 21.9 26.8 2,963.2 146.5 17.7
PE Ratio - Diluted 35.5
40.3		 30.0
25.4		 5,105.8
3,419.8		 268.1
223.4		 60.0
56.7
PEG - Adjusted 1.1 0.0 n/a n/a n/a
PEG - Diluted n/a
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-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-11
Net Gearing (21.44%) (30.20%) (3.69%) (8.38%) (13.06%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-11
Price/Book Value 23.3 27.0 33.8 22.5 2.3
Price/Tangible Book Value 23.3 27.0 33.8 22.5 2.3
Price/ Cash Flow 20.3 23.7 12.9 11.0 176.7
Price/Revenue 1.64 1.93 194.55 7.97 0.27
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 33.12p 29.14p 19.83p 21.79p 106.22p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-11
Continuing Operations          
Revenue 448.90 379.20 3.06 51.77 264.80
EBITDA 61.50
62.90		 45.60
52.10		 0.38
0.49		 2.64
2.96		 4.60
5.60
Depreciation (26.90)
(26.90)		 (24.70)
(24.70)		 (0.20)
(0.20)		 n/a
n/a		 (2.10)
(2.10)
Net Interest (5.50)
(5.50)		 (3.80)
(3.80)		 (0.04)
(0.04)		 (0.48)
(0.48)		 (0.60)
(0.60)
Profit Before Tax 29.10
30.50		 17.10
23.60		 0.14
0.25		 2.16
2.49		 1.90
2.90
           
Revenue per Share 470.42p 407.67p 3.44p 61.64p 931.36p
Pre-Tax Profit per Share 30.50p
31.96p		 18.38p
25.37p		 0.15p
0.28p		 2.58p
2.96p		 6.68p
10.20p
Market Capitalisation £ (Millions) 742.91 752.19 599.35 435.55 70.79
Enterprise Value (EV) £ (Millions) 760.41 771.69 619.05 453.45 77.59
EBITDA/EV 8.09%
8.27%		 5.91%
6.75%		 0.06%
0.08%		 0.58%
0.65%		 5.93%
7.22%
Operating Margin 7.71%
8.02%		 5.51%
7.23%		 5.65%
9.25%		 5.10%
5.72%		 0.94%
1.32%
Capital Employed £ (Millions) 75.70 73.50 57.00 56.40 40.60
Return on Capital Employed 45.71%
47.56%		 28.44%
37.28%		 0.30%
0.50%		 4.68%
5.26%		 6.16%
8.62%
Invested Equity Capital £ (Millions) 328.90 315.70 226.30 218.60 54.80
           
Earnings per Share - Basic 22.30p
19.70p		 10.40p
15.27p		 10.70p
20.17p		 17.00p
20.48p		 4.36p
4.57p
Earnings per Share - Diluted 21.70p
19.12p		 10.10p
14.82p		 10.30p
19.41p		 16.50p
19.80p		 4.14p
4.38p
Earnings per Share - Adjusted 35.20p 29.40p 22.40p 30.20p 14.03p
Earnings per Share Growth - Basic 114%
29%		 -3%
-24%		 -37%
-2%		 290%
348%		 n/a
n/a
Earnings per Share Growth - Diluted 115%
29%		 -2%
-24%		 -38%
-2%		 298%
352%		 n/a
n/a
Earnings per Share Growth - Adjusted 20% 31% -26% 115% n/a
PE Ratio - Diluted 35.5
40.3		 78.0
53.2		 65.0
34.5		 29.8
24.8		 60.0
56.7
PEG - Diluted 0.3
1.4		 n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a
Tax Rate 26.80% 43.27% 29.63% 26.67% 10.53%
Dividend Cover 3.07
1.72		 2.72
1.41		 2.21
1.99		 10.17
6.89		 2.58
0.84
Interest Cover 5.10
5.30		 5.07
6.62		 4.46
7.26		 4.98
5.57		 3.11
4.22
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 22.30p
19.70p		 27.10p
31.93p		 0.14p
0.20p		 1.89p
2.27p		 4.36p
4.57p
Earnings per Share - Diluted 21.70p
19.12p		 26.30p
31.00p		 0.13p
0.20p		 1.83p
2.20p		 4.14p
4.38p
Earnings per Share - Adjusted 35.20p 29.40p 0.23p 3.35p 14.03p
Earnings per Share Growth - Basic -18%
-38%		 19,787%
15,584%		 -93%
-91%		 -57%
-50%		 n/a
n/a
Earnings per Share Growth - Diluted -18%
-38%		 19,942%
15,724%		 -93%
-91%		 -56%
-50%		 n/a
n/a
Earnings per Share Growth - Adjusted 20% 12,903% -93% -76% n/a
PE Ratio - Diluted 35.5
40.3		 30.0
25.4		 5,105.8
3,419.8		 268.1
223.4		 60.0
56.7
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 3.07
1.72		 2.72
2.96		 0.02
0.02		 1.13
0.77		 2.58
0.84
Return on Equity (ROE) 6.48%
5.72%		 7.98%
9.41%		 0.05%
0.08%		 0.73%
0.87%		 3.10%
2.37%
Operating Cash Flow per Share 38.04p 33.22p 51.83p 44.52p 1.41p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 8.59p 8.17p (0.061p) 1.90p (15.12p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 11.45p 10.80p 10.15p 2.97p 5.43p
Dividend per Share Growth 6.02% 6.40% 241.75% (45.30%) 6.71%
Dividend Yield 1.5% 1.4% 1.5% 0.6% 2.2%
Shareholders Funds 303.60 290.40 208.40 200.50 51.30
Net Borrowings £ (Millions) (65.10) (87.70) (7.70) (16.80) (6.70)
Net Asset Value per Share (inc. Intangibles) 33.12p 29.14p 19.83p 21.79p 106.22p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-11
Shareholders' Funds inc Intangibles 303.60 290.40 208.40 200.50 51.30
Net Borrowings £ (Millions) (65.10) (87.70) (7.70) (16.80) (6.70)
Net Gearing (21.44%) (30.20%) (3.69%) (8.38%) (13.06%)
Cash & Near Cash 83.90 108.80 29.20 36.80 13.60
Cash 27.64% 37.47% 14.01% 18.35% 26.51%
Gross Borrowings 18.80 21.10 21.50 20.00 6.90
Gross Gearing 6.19% 7.27% 10.32% 9.98% 13.45%
Borrowings Under 5 years 18.80 21.10 21.50 20.00 6.90
Under 5 years 6.19% 7.27% 10.32% 9.98% 13.45%
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-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-11
Shareholders' Funds exc Intangibles 31.60 27.10 17.60 18.30 30.20
Net Borrowings £ (Millions) (65.10) (87.70) (7.70) (16.80) (6.70)
Net Gearing n/a n/a (43.75%) (91.80%) (22.19%)
Cash & Near Cash 83.90 108.80 29.20 36.80 13.60
Cash 265.51% 401.48% 165.91% 201.09% 45.03%
Gross Borrowings 18.80 21.10 21.50 20.00 6.90
Gross Gearing 59.49% 77.86% 122.16% 109.29% 22.85%
Borrowings Under 5 years 18.80 21.10 21.50 20.00 6.90
Under 5 years 59.49% 77.86% 122.16% 109.29% 22.85%
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-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-11
Quick Ratio 1.06 0.99 1.08 1.25 1.14
Current Ratio 1.65 1.40 1.70 1.91 1.54

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: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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