Braemar (BMS)

Sector:

Commercial Transport

274.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 306.00
  • 52 Week Low: 224.00
  • Currency: UK Pounds
  • Shares Issued: 32.92m
  • Volume: 196,454
  • Market Cap: £90.21m
  • RiskGrade: 201

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 28-Feb-11 28-Feb-10 28-Feb-09 29-Feb-08
Annualisation Factor 1.0 1.0 1.0 1.0
Dividend Yield 5.7% 5.8% 9.8% 5.1%
         
Continuing Operations        
PE Ratio - Adjusted 8.5 8.1 4.3 9.2
PE Ratio - Diluted 9.6
9.6		 9.1
9.1		 4.4
4.4		 9.2
9.6
PEG - Adjusted 8.5 n/a 0.3 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.3
0.2		 n/a
n/a
Return on Capital Employed 38.87%
38.87%		 46.98%
46.98%		 68.44%
68.74%		 101.34%
98.64%
Operating Margin 10.33%
10.33%		 11.17%
11.17%		 12.53%
12.59%		 14.20%
13.82%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 8.5 8.1 4.3 9.2
PE Ratio - Diluted 9.6
9.6		 9.1
9.1		 4.4
4.4		 9.2
9.6
PEG - Adjusted 8.5 n/a 0.3 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.3
0.2		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 28-Feb-11 28-Feb-10 28-Feb-09 29-Feb-08
Net Gearing n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 28-Feb-11 28-Feb-10 28-Feb-09 29-Feb-08
Price/Book Value 2.9 3.3 2.4 6.7
Price/Tangible Book Value 2.9 3.3 2.4 6.9
Price/ Cash Flow 12.7 7.8 3.3 5.3
Price/Revenue 0.73 0.73 0.39 0.89
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 158.21p 129.77p 103.33p 67.09p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 28-Feb-11 28-Feb-10 28-Feb-09 29-Feb-08
Continuing Operations        
Revenue 126.14 119.02 127.14 100.96
EBITDA 15.80
15.80		 15.84
15.84		 18.00
18.02		 15.50
15.09
Depreciation (2.77)
(2.77)		 (2.54)
(2.54)		 (2.07)
(2.02)		 (1.16)
(1.14)
Net Interest 0.16
0.16		 0.19
0.19		 0.29
0.29		 0.38
0.38
Profit Before Tax 13.19
13.19		 13.49
13.49		 16.22
16.30		 14.72
14.34
         
Revenue per Share 622.94p 590.87p 628.93p 506.00p
Pre-Tax Profit per Share 65.17p
65.17p		 66.97p
66.97p		 80.25p
80.61p		 73.76p
71.85p
Market Capitalisation £ (Millions) 96.20 90.40 51.49 92.73
Enterprise Value (EV) £ (Millions) 95.88 84.88 51.33 88.67
EBITDA/EV 16.48%
16.48%		 18.67%
18.67%		 35.08%
35.11%		 17.48%
17.02%
Operating Margin 10.33%
10.33%		 11.17%
11.17%		 12.53%
12.59%		 14.20%
13.82%
Capital Employed £ (Millions) 33.52 28.31 23.28 14.15
Return on Capital Employed 38.87%
38.87%		 46.98%
46.98%		 68.44%
68.74%		 101.34%
98.64%
Invested Equity Capital £ (Millions) 66.15 61.15 55.23 41.96
         
Earnings per Share - Basic 48.41p
48.41p		 47.93p
47.93p		 56.70p
57.05p		 48.99p
47.08p
Earnings per Share - Diluted 47.43p
47.43p		 47.26p
47.26p		 55.72p
56.07p		 48.69p
46.79p
Earnings per Share - Adjusted 53.84p 53.22p 56.70p 48.99p
Earnings per Share Growth - Basic 1%
1%		 -16%
-16%		 16%
21%		 n/a
n/a
Earnings per Share Growth - Diluted 0%
0%		 -15%
-16%		 14%
20%		 n/a
n/a
Earnings per Share Growth - Adjusted 1% -6% 16% n/a
PE Ratio - Diluted 9.6
9.6		 9.1
9.1		 4.4
4.4		 9.2
9.6
PEG - Diluted n/a
n/a		 n/a
n/a		 0.3
0.2		 n/a
n/a
Tax Rate 25.82% 27.55% 28.99% 32.59%
Dividend Cover 2.07
1.86		 2.13
1.92		 2.36
2.38		 2.13
2.05
Interest Cover 943.50
943.50		 6,746.50
6,746.50		 902.33
906.28		 1,339.00
1,304.27
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 48.41p
48.41p		 47.93p
47.93p		 56.70p
57.05p		 48.97p
47.06p
Earnings per Share - Diluted 47.43p
47.43p		 47.26p
47.26p		 55.72p
56.07p		 48.68p
46.77p
Earnings per Share - Adjusted 53.84p 53.22p 56.70p 48.97p
Earnings per Share Growth - Basic 1%
1%		 -16%
-16%		 16%
21%		 n/a
n/a
Earnings per Share Growth - Diluted 0%
0%		 -15%
-16%		 14%
20%		 n/a
n/a
Earnings per Share Growth - Adjusted 1% -6% 16% n/a
PE Ratio - Diluted 9.6
9.6		 9.1
9.1		 4.4
4.4		 9.2
9.6
PEG - Diluted n/a
n/a		 n/a
n/a		 0.3
0.2		 n/a
n/a
Dividend Cover 2.07
1.86		 2.13
1.92		 2.36
2.38		 2.13
2.05
Return on Equity (ROE) 14.82%
14.82%		 15.79%
15.79%		 20.76%
20.89%		 23.29%
22.38%
Operating Cash Flow per Share 35.95p 54.84p 74.22p 84.95p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (8.12p) 12.27p 14.50p 34.40p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 26.00p 25.00p 24.00p 23.00p
Dividend per Share Growth 4.00% 4.17% 4.35% n/a
Dividend Yield 5.7% 5.8% 9.8% 5.1%
Shareholders Funds 64.66 58.98 52.83 41.20
Net Borrowings £ (Millions) (25.63) (27.93) (25.19) (21.64)
Net Asset Value per Share (inc. Intangibles) 157.42p 129.05p 102.77p 65.44p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 28-Feb-11 28-Feb-10 28-Feb-09 29-Feb-08
Shareholders' Funds inc Intangibles 64.66 58.98 52.83 41.20
Net Borrowings £ (Millions) (25.63) (27.93) (25.19) (21.64)
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 25.63 27.93 25.19 21.64
Cash 39.64% 47.35% 47.69% 52.51%
Gross Borrowings n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 28-Feb-11 28-Feb-10 28-Feb-09 29-Feb-08
Shareholders' Funds exc Intangibles 31.88 26.00 20.78 13.06
Net Borrowings £ (Millions) (25.63) (27.93) (25.19) (21.64)
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 25.63 27.93 25.19 21.64
Cash 80.42% 107.44% 121.27% 165.68%
Gross Borrowings n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 28-Feb-11 28-Feb-10 28-Feb-09 29-Feb-08
Quick Ratio n/a n/a n/a n/a
Current Ratio 1.53 1.37 1.28 1.13

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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