CMC Markets (CMCX)

Sector:

Financials

Index:

FTSE Small Cap

246.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 247.50
  • 52 Week Low: 89.20
  • Currency: UK Pounds
  • Shares Issued: 282.29m
  • Volume: 166,737
  • Market Cap: £694.44m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Annualisation Factor 1.0 1.0 n/a 1.0
Dividend Yield 4.2% 4.9% 6.3% 8.4%
         
Continuing Operations        
PE Ratio - Adjusted 12.0 10.3 7.9 6.0
PE Ratio - Diluted 12.0
12.0		 10.4
10.4		 7.9
7.9		 6.0
6.0
PEG - Adjusted n/a n/a 0.1 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a
Return on Capital Employed 15.28%
15.28%		 26.13%
26.13%		 0.56%
0.56%		 33.21%
33.21%
Operating Margin 17.51%
17.51%		 28.75%
28.75%		 48.94%
48.94%		 34.18%
34.18%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 12.0 10.3 778.1 6.0
PE Ratio - Diluted 12.0
12.0		 10.4
10.4		 781.9
782.2		 6.0
6.0
PEG - Adjusted n/a 0.0 n/a n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Gearing (35.93%) (43.95%) (25.58%) (22.41%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Price/Book Value 1.5 2.2 3.6 1.9
Price/Tangible Book Value 1.5 2.2 3.6 1.9
Price/ Cash Flow 7.0 4.7 11.7 8.1
Price/Revenue 1.59 2.27 300.47 1.76
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 119.97p 116.41p 134.70p 96.42p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations        
Revenue 311.21 325.81 4.66 294.73
EBITDA 70.11
70.11		 106.05
106.05		 2.39
2.39		 111.70
111.70
Depreciation (15.64)
(15.64)		 (12.39)
(12.39)		 (0.11)
(0.11)		 (10.96)
(10.96)
Net Interest (2.32)
(2.32)		 (2.16)
(2.16)		 (0.02)
(0.02)		 (2.05)
(2.05)
Profit Before Tax 52.16
52.16		 91.50
91.50		 2.26
2.26		 98.69
98.69
         
Revenue per Share 110.24p 112.03p 1.61p 102.11p
Pre-Tax Profit per Share 18.48p
18.48p		 31.46p
31.46p		 0.78p
0.78p		 34.19p
34.19p
Market Capitalisation £ (Millions) 496.27 745.10 1,404.17 523.29
Enterprise Value (EV) £ (Millions) 294.66 526.79 1,161.75 403.72
EBITDA/EV 23.80%
23.80%		 20.13%
20.13%		 0.21%
0.21%		 27.67%
27.67%
Operating Margin 17.51%
17.51%		 28.75%
28.75%		 48.94%
48.94%		 34.18%
34.18%
Capital Employed £ (Millions) 356.59 358.42 410.08 303.33
Return on Capital Employed 15.28%
15.28%		 26.13%
26.13%		 0.56%
0.56%		 33.21%
33.21%
Invested Equity Capital £ (Millions) 380.11 374.30 403.95 287.01
         
Earnings per Share - Basic 14.70p
14.68p		 24.60p
24.58p		 61.50p
61.49p		 30.10p
30.12p
Earnings per Share - Diluted 14.60p
14.60p		 24.50p
24.49p		 61.20p
61.17p		 29.90p
29.86p
Earnings per Share - Adjusted 14.70p 24.60p 61.50p 30.10p
Earnings per Share Growth - Basic -40%
-40%		 -60%
-60%		 104%
104%		 n/a
n/a
Earnings per Share Growth - Diluted -40%
-40%		 -60%
-60%		 105%
105%		 n/a
n/a
Earnings per Share Growth - Adjusted -40% -60% 104% n/a
PE Ratio - Diluted 12.0
12.0		 10.4
10.4		 7.9
7.9		 6.0
6.0
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a
Tax Rate 20.56% 21.88% 20.49% 11.90%
Dividend Cover 1.99
1.98		 1.98
1.98		 2.01
2.01		 2.00
2.00
Interest Cover 23.53
23.53		 43.28
43.28		 128.13
128.13		 49.09
49.09
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 14.70p
14.68p		 24.60p
24.58p		 0.62p
0.62p		 30.10p
30.12p
Earnings per Share - Diluted 14.60p
14.60p		 24.50p
24.49p		 0.62p
0.62p		 29.90p
29.86p
Earnings per Share - Adjusted 14.70p 24.60p 0.62p 30.10p
Earnings per Share Growth - Basic -40%
-40%		 3,863%
3,860%		 -98%
-98%		 n/a
n/a
Earnings per Share Growth - Diluted -40%
-40%		 3,866%
3,867%		 -98%
-98%		 n/a
n/a
Earnings per Share Growth - Adjusted -40% 3,863% -98% n/a
PE Ratio - Diluted 12.0
12.0		 10.4
10.4		 781.9
782.2		 6.0
6.0
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 1.99
1.98		 1.98
1.98		 0.02
0.02		 2.00
2.00
Return on Equity (ROE) 10.90%
10.90%		 19.10%
19.10%		 0.45%
0.45%		 30.29%
30.29%
Operating Cash Flow per Share 25.21p 53.67p 41.24p 22.34p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (10.29p) 19.35p 0.11p 13.43p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 7.40p 12.40p 30.63p 15.03p
Dividend per Share Growth (40.32%) (59.52%) 103.79% n/a
Dividend Yield 4.2% 4.9% 6.3% 8.4%
Shareholders Funds 374.02 368.88 400.52 282.88
Net Borrowings £ (Millions) (134.40) (162.13) (102.46) (63.40)
Net Asset Value per Share (inc. Intangibles) 119.97p 116.41p 134.70p 96.42p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds inc Intangibles 374.02 368.88 400.52 282.88
Net Borrowings £ (Millions) (134.40) (162.13) (102.46) (63.40)
Net Gearing (35.93%) (43.95%) (25.58%) (22.41%)
Cash & Near Cash 146.22 176.58 118.92 84.31
Cash 39.09% 47.87% 29.69% 29.80%
Gross Borrowings 11.82 14.45 16.46 20.90
Gross Gearing 3.16% 3.92% 4.11% 7.39%
Borrowings Under 5 years 11.82 14.45 16.46 20.90
Under 5 years 3.16% 3.92% 4.11% 7.39%
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 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds exc Intangibles 338.67 338.55 390.19 278.29
Net Borrowings £ (Millions) (134.40) (162.13) (102.46) (63.40)
Net Gearing (39.68%) (47.89%) (26.26%) (22.78%)
Cash & Near Cash 146.22 176.58 118.92 84.31
Cash 43.17% 52.16% 30.48% 30.29%
Gross Borrowings 11.82 14.45 16.46 20.90
Gross Gearing 3.49% 4.27% 4.22% 7.51%
Borrowings Under 5 years 11.82 14.45 16.46 20.90
Under 5 years 3.49% 4.27% 4.22% 7.51%
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 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Quick Ratio n/a n/a n/a n/a
Current Ratio 2.60 2.17 3.27 2.55

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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