£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 27-Nov-11 | 28-Nov-10 | 29-Nov-09 | 30-Nov-08 | 02-Dec-07 |
Annualisation Factor | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
Dividend Yield | 6.4% | 4.3% | 4.8% | 9.4% | 4.8% |
Continuing Operations | |||||
PE Ratio - Adjusted | 13.1 | 23.4 | 26.3 | 4.3 | 7.8 |
PE Ratio - Diluted | 14.2 13.4 |
24.2 24.1 |
64.1 23.2 |
4.6 4.6 |
8.1 8.1 |
PEG - Adjusted | 0.3 | 0.9 | n/a | 0.2 | 0.6 |
PEG - Diluted | 0.4 0.3 |
0.1 3.4 |
n/a n/a |
0.3 0.3 |
0.0 0.8 |
Return on Capital Employed | 39.64% 39.74% |
29.02% 29.17% |
11.65% 25.96% |
67.02% 67.02% |
59.99% 60.05% |
Operating Margin | 5.52% 5.54% |
4.47% 4.50% |
1.72% 3.84% |
8.69% 8.69% |
10.00% 10.01% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 13.1 | 23.4 | 26.3 | 4.3 | 7.8 |
PE Ratio - Diluted | 14.2 13.4 |
24.2 24.1 |
64.1 23.2 |
4.6 4.6 |
8.1 8.1 |
PEG - Adjusted | 0.3 | 0.9 | n/a | 0.2 | 0.6 |
PEG - Diluted | 0.4 0.3 |
0.1 3.4 |
n/a n/a |
0.3 0.3 |
0.0 0.8 |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 27-Nov-11 | 28-Nov-10 | 29-Nov-09 | 30-Nov-08 | 02-Dec-07 |
Net Gearing | n/a | n/a | n/a | n/a | (3.85%) |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 27-Nov-11 | 28-Nov-10 | 29-Nov-09 | 30-Nov-08 | 02-Dec-07 |
Price/Book Value | 3.6 | 4.7 | 4.0 | 2.0 | 3.1 |
Price/Tangible Book Value | 3.6 | 4.7 | 4.3 | 2.2 | 3.2 |
Price/ Cash Flow | 9.2 | 11.5 | 6.6 | 2.1 | 9.3 |
Price/Revenue | 0.49 | 0.70 | 0.57 | 0.25 | 0.49 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 61.29p | 59.85p | 62.27p | 62.80p | 63.68p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 27-Nov-11 | 28-Nov-10 | 29-Nov-09 | 30-Nov-08 | 02-Dec-07 |
Continuing Operations | |||||
Revenue | 542.45 | 474.45 | 519.37 | 631.52 | 522.70 |
EBITDA | 37.62 37.70 |
27.53 27.64 |
15.07 26.06 |
60.75 60.75 |
56.02 56.06 |
Depreciation | (7.66) (7.66) |
(6.31) (6.31) |
(6.13) (6.13) |
(5.89) (5.89) |
(3.76) (3.76) |
Net Interest | 0.34 0.34 |
0.43 0.43 |
(0.02) (0.02) |
(0.80) (0.80) |
(1.98) (1.98) |
Profit Before Tax | 30.30 30.38 |
21.65 21.76 |
8.93 19.92 |
54.05 54.05 |
50.32 50.37 |
Revenue per Share | 449.79p | 395.71p | 437.55p | 506.43p | 402.69p |
Pre-Tax Profit per Share | 25.12p 25.19p |
18.06p 18.15p |
7.52p 16.78p |
43.34p 43.34p |
38.77p 38.81p |
Market Capitalisation £ (Millions) | 263.01 | 339.47 | 304.39 | 155.81 | 270.68 |
Enterprise Value (EV) £ (Millions) | 263.01 | 335.97 | 297.88 | 155.81 | 271.94 |
EBITDA/EV | 14.30% 14.33% |
8.19% 8.23% |
5.06% 8.75% |
38.99% 38.99% |
20.60% 20.62% |
Operating Margin | 5.52% 5.54% |
4.47% 4.50% |
1.72% 3.84% |
8.69% 8.69% |
10.00% 10.01% |
Capital Employed £ (Millions) | 75.60 | 73.11 | 76.81 | 81.85 | 87.18 |
Return on Capital Employed | 39.64% 39.74% |
29.02% 29.17% |
11.65% 25.96% |
67.02% 67.02% |
59.99% 60.05% |
Invested Equity Capital £ (Millions) | 84.15 | 83.27 | 83.06 | 89.96 | 94.26 |
Earnings per Share - Basic | 16.80p 16.87p |
11.90p 11.95p |
4.00p 11.13p |
28.80p 28.30p |
25.20p 25.19p |
Earnings per Share - Diluted | 15.50p 16.42p |
11.50p 11.57p |
3.90p 10.79p |
28.10p 27.63p |
24.10p 24.09p |
Earnings per Share - Adjusted | 16.80p | 11.90p | 9.50p | 29.90p | 25.20p |
Earnings per Share Growth - Basic | 41% 41% |
198% 7% |
-86% -61% |
14% 12% |
165% 10% |
Earnings per Share Growth - Diluted | 35% 42% |
195% 7% |
-86% -61% |
17% 15% |
165% 10% |
Earnings per Share Growth - Adjusted | 41% | 25% | -68% | 19% | 12% |
PE Ratio - Diluted | 14.2 13.4 |
24.2 24.1 |
64.1 23.2 |
4.6 4.6 |
8.1 8.1 |
PEG - Diluted | 0.4 0.3 |
0.1 3.4 |
n/a n/a |
0.3 0.3 |
0.0 0.8 |
Tax Rate | 33.12% | 34.02% | 33.21% | 30.00% | 32.84% |
Dividend Cover | 1.20 1.20 |
0.99 1.00 |
0.79 0.93 |
2.49 2.36 |
2.71 2.71 |
Interest Cover | 1,212.96 1,216.08 |
1,203.72 1,209.89 |
24.62 53.69 |
66.36 66.36 |
26.35 26.38 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 16.80p 16.87p |
11.90p 11.95p |
4.00p 11.13p |
28.80p 28.30p |
25.20p 25.19p |
Earnings per Share - Diluted | 15.50p 16.42p |
11.50p 11.57p |
3.90p 10.79p |
28.10p 27.63p |
24.10p 24.09p |
Earnings per Share - Adjusted | 16.80p | 11.90p | 9.50p | 29.90p | 25.20p |
Earnings per Share Growth - Basic | 41% 41% |
198% 7% |
-86% -61% |
14% 12% |
165% 10% |
Earnings per Share Growth - Diluted | 35% 42% |
195% 7% |
-86% -61% |
17% 15% |
165% 10% |
Earnings per Share Growth - Adjusted | 41% | 25% | -68% | 19% | 12% |
PE Ratio - Diluted | 14.2 13.4 |
24.2 24.1 |
64.1 23.2 |
4.6 4.6 |
8.1 8.1 |
PEG - Diluted | 0.4 0.3 |
0.1 3.4 |
n/a n/a |
0.3 0.3 |
0.0 0.8 |
Dividend Cover | 1.20 1.20 |
0.99 1.00 |
0.79 0.93 |
2.49 2.36 |
2.71 2.71 |
Return on Equity (ROE) | 24.08% 24.18% |
17.07% 17.21% |
5.78% 15.91% |
39.88% 39.22% |
34.64% 34.68% |
Operating Cash Flow per Share | 23.86p | 24.19p | 38.09p | 60.56p | 20.96p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 3.10p | 7.10p | 18.10p | 16.16p | 4.78p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | 2.82p |
Dividend per Share | 14.00p | 12.00p | 12.00p | 12.00p | 9.30p |
Dividend per Share Growth | 16.67% | n/a | n/a | 29.03% | 29.17% |
Dividend Yield | 6.4% | 4.3% | 4.8% | 9.4% | 4.8% |
Shareholders Funds | 82.47 | 81.92 | 80.17 | 86.43 | 91.01 |
Net Borrowings £ (Millions) | (55.60) | (51.72) | (45.27) | (24.58) | (3.50) |
Net Asset Value per Share (inc. Intangibles) | 61.29p | 59.85p | 58.36p | 59.47p | 61.82p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 27-Nov-11 | 28-Nov-10 | 29-Nov-09 | 30-Nov-08 | 02-Dec-07 |
Shareholders' Funds inc Intangibles | 82.47 | 81.92 | 80.17 | 86.43 | 91.01 |
Net Borrowings £ (Millions) | (55.60) | (51.72) | (45.27) | (24.58) | (3.50) |
Net Gearing | n/a | n/a | n/a | n/a | (3.85%) |
Cash & Near Cash | 55.60 | 51.72 | 45.27 | 24.58 | 4.77 |
Cash | 67.43% | 63.13% | 56.47% | 28.45% | 5.24% |
Gross Borrowings | n/a | n/a | n/a | n/a | 1.27 |
Gross Gearing | n/a | n/a | n/a | n/a | 1.39% |
Borrowings Under 5 years | n/a | n/a | n/a | n/a | 1.27 |
Under 5 years | n/a | n/a | n/a | n/a | 1.39% |
Borrowings Under 1 year | n/a | n/a | n/a | n/a | 1.27 |
Under 1 year | n/a | n/a | n/a | n/a | 1.39% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - exc Intangibles | 27-Nov-11 | 28-Nov-10 | 29-Nov-09 | 30-Nov-08 | 02-Dec-07 |
Shareholders' Funds exc Intangibles | 73.92 | 71.76 | 69.27 | 74.16 | 80.24 |
Net Borrowings £ (Millions) | (55.60) | (51.72) | (45.27) | (24.58) | (3.50) |
Net Gearing | n/a | n/a | n/a | n/a | (4.37%) |
Cash & Near Cash | 55.60 | 51.72 | 45.27 | 24.58 | 4.77 |
Cash | 75.22% | 72.07% | 65.36% | 33.15% | 5.95% |
Gross Borrowings | n/a | n/a | n/a | n/a | 1.27 |
Gross Gearing | n/a | n/a | n/a | n/a | 1.58% |
Borrowings Under 5 years | n/a | n/a | n/a | n/a | 1.27 |
Under 5 years | n/a | n/a | n/a | n/a | 1.58% |
Borrowings Under 1 year | n/a | n/a | n/a | n/a | 1.27 |
Under 1 year | n/a | n/a | n/a | n/a | 1.58% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Cover | 27-Nov-11 | 28-Nov-10 | 29-Nov-09 | 30-Nov-08 | 02-Dec-07 |
Quick Ratio | n/a | n/a | n/a | n/a | n/a |
Current Ratio | 1.62 | 1.63 | 1.83 | 1.78 | 1.96 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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