£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 30-Jun-11 | 30-Jun-10 | 30-Jun-09 | 30-Jun-08 |
Annualisation Factor | 1.0 | 1.0 | 1.0 | 1.0 |
Dividend Yield | 1.2% | 3.5% | 3.9% | 3.4% |
Continuing Operations | ||||
PE Ratio - Adjusted | 37.4 | 16.9 | 8.9 | 10.9 |
PE Ratio - Diluted | 39.3 39.2 |
14.3 16.5 |
13.3 13.0 |
11.2 11.2 |
PEG - Adjusted | n/a | n/a | 0.5 | n/a |
PEG - Diluted | n/a n/a |
1.3 n/a |
n/a n/a |
n/a n/a |
Return on Capital Employed | 11.88% 11.88% |
44.41% 43.00% |
60.04% 61.11% |
77.27% 77.03% |
Operating Margin | 5.62% 5.62% |
17.16% 18.75% |
18.74% 19.07% |
21.27% 21.20% |
Continuing & Discontinued Operations | ||||
PE Ratio - Adjusted | 37.4 | 16.9 | 8.9 | 10.9 |
PE Ratio - Diluted | 39.3 39.2 |
14.3 16.5 |
13.3 13.0 |
11.2 11.2 |
PEG - Adjusted | n/a | n/a | 0.5 | n/a |
PEG - Diluted | n/a n/a |
1.3 n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 30-Jun-11 | 30-Jun-10 | 30-Jun-09 | 30-Jun-08 |
Net Gearing | (2.72%) | 3.18% | 8.06% | 0.46% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 30-Jun-11 | 30-Jun-10 | 30-Jun-09 | 30-Jun-08 |
Price/Book Value | 4.1 | 6.5 | 6.8 | 7.4 |
Price/Tangible Book Value | 4.1 | 6.5 | 6.8 | 7.4 |
Price/ Cash Flow | n/a | 13.2 | 12.5 | 21.4 |
Price/Revenue | 1.91 | 1.90 | 1.73 | 1.92 |
Price/R&D | 180.8 | 207.8 | 268.8 | 301.0 |
Net Asset Value per Share (exc. Intangibles) | 11.52p | 8.10p | 6.43p | 6.13p |
Net Cash per Share | 0.26p | 0.25p | 0.16p | 0.15p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 30-Jun-11 | 30-Jun-10 | 30-Jun-09 | 30-Jun-08 |
Continuing Operations | ||||
Revenue | 9.29 | 8.76 | 6.85 | 5.96 |
EBITDA | 1.18 1.18 |
2.10 2.14 |
1.61 1.63 |
1.52 1.51 |
Depreciation | (0.66) (0.66) |
(0.60) (0.50) |
(0.33) (0.33) |
(0.25) (0.25) |
Net Interest | (0.02) (0.02) |
0.22 (0.01) |
n/a n/a |
(0.05) (0.05) |
Profit Before Tax | 0.51 0.51 |
1.72 1.63 |
1.28 1.31 |
1.22 1.21 |
Revenue per Share | 24.89p | 27.68p | 25.47p | 23.71p |
Pre-Tax Profit per Share | 1.36p 1.36p |
5.44p 5.15p |
4.78p 4.87p |
4.84p 4.83p |
Market Capitalisation £ (Millions) | 18.99 | 17.40 | 11.83 | 12.23 |
Enterprise Value (EV) £ (Millions) | 19.11 | 18.66 | 12.24 | 12.34 |
EBITDA/EV | 6.20% 6.20% |
11.26% 11.48% |
13.16% 13.34% |
12.29% 12.26% |
Operating Margin | 5.62% 5.62% |
17.16% 18.75% |
18.74% 19.07% |
21.27% 21.20% |
Capital Employed £ (Millions) | 4.41 | 3.82 | 2.14 | 1.64 |
Return on Capital Employed | 11.88% 11.88% |
44.41% 43.00% |
60.04% 61.11% |
77.27% 77.03% |
Invested Equity Capital £ (Millions) | 11.97 | 8.50 | 4.83 | 4.32 |
Earnings per Share - Basic | 1.27p 1.28p |
3.84p 3.33p |
3.42p 3.50p |
4.17p 4.16p |
Earnings per Share - Diluted | 1.21p 1.21p |
3.67p 3.18p |
3.31p 3.39p |
4.06p 4.05p |
Earnings per Share - Adjusted | 1.27p | 3.10p | 4.97p | 4.17p |
Earnings per Share Growth - Basic | -67% -62% |
12% -5% |
-18% -16% |
n/a n/a |
Earnings per Share Growth - Diluted | -67% -62% |
11% -6% |
-18% -16% |
n/a n/a |
Earnings per Share Growth - Adjusted | -59% | -38% | 19% | n/a |
PE Ratio - Diluted | 39.3 39.2 |
14.3 16.5 |
13.3 13.0 |
11.2 11.2 |
PEG - Diluted | n/a n/a |
1.3 n/a |
n/a n/a |
n/a n/a |
Tax Rate | 14.03% | 30.68% | 28.48% | 13.80% |
Dividend Cover | 2.29 2.30 |
1.70 1.82 |
2.92 2.06 |
2.69 2.68 |
Interest Cover | 19.14 19.14 |
87.20 82.50 |
184.57 187.86 |
21.63 21.56 |
Continuing & Discontinued Operations | ||||
Earnings per Share - Basic | 1.27p 1.28p |
3.84p 3.33p |
3.42p 3.50p |
4.17p 4.16p |
Earnings per Share - Diluted | 1.21p 1.21p |
3.67p 3.18p |
3.31p 3.39p |
4.06p 4.05p |
Earnings per Share - Adjusted | 1.27p | 3.10p | 4.97p | 4.17p |
Earnings per Share Growth - Basic | -67% -62% |
12% -5% |
-18% -16% |
n/a n/a |
Earnings per Share Growth - Diluted | -67% -62% |
11% -6% |
-18% -16% |
n/a n/a |
Earnings per Share Growth - Adjusted | -59% | -38% | 19% | n/a |
PE Ratio - Diluted | 39.3 39.2 |
14.3 16.5 |
13.3 13.0 |
11.2 11.2 |
PEG - Diluted | n/a n/a |
1.3 n/a |
n/a n/a |
n/a n/a |
Dividend Cover | 2.29 2.30 |
1.70 1.82 |
2.92 2.06 |
2.69 2.68 |
Return on Equity (ROE) | 3.98% 3.98% |
14.29% 12.40% |
19.04% 19.52% |
24.31% 24.22% |
Operating Cash Flow per Share | n/a | 3.96p | 3.53p | 2.13p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (1.41p) | 4.12p | (1.54p) | 0.81p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a |
Dividend per Share | 0.56p | 1.82p | 1.70p | 1.55p |
Dividend per Share Growth | (69.59%) | 7.35% | 9.68% | n/a |
Dividend Yield | 1.2% | 3.5% | 3.9% | 3.4% |
Shareholders Funds | 11.97 | 8.50 | 4.83 | 4.32 |
Net Borrowings £ (Millions) | (0.33) | 0.27 | 0.39 | 0.02 |
Net Asset Value per Share (inc. Intangibles) | 11.64p | 8.12p | 6.43p | 6.13p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 30-Jun-11 | 30-Jun-10 | 30-Jun-09 | 30-Jun-08 |
Shareholders' Funds inc Intangibles | 11.97 | 8.50 | 4.83 | 4.32 |
Net Borrowings £ (Millions) | (0.33) | 0.27 | 0.39 | 0.02 |
Net Gearing | (2.72%) | 3.18% | 8.06% | 0.46% |
Cash & Near Cash | 0.44 | 0.99 | 0.02 | 0.08 |
Cash | 3.69% | 11.60% | 0.37% | 1.88% |
Gross Borrowings | 0.12 | 1.26 | 0.41 | 0.11 |
Gross Gearing | 0.97% | 14.77% | 8.43% | 2.34% |
Borrowings Under 5 years | 0.12 | 1.26 | 0.41 | 0.11 |
Under 5 years | 0.97% | 14.77% | 8.50% | 2.46% |
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 | 30-Jun-11 | 30-Jun-10 | 30-Jun-09 | 30-Jun-08 |
Shareholders' Funds exc Intangibles | 4.34 | 2.57 | 1.73 | 1.54 |
Net Borrowings £ (Millions) | (0.33) | 0.27 | 0.39 | 0.02 |
Net Gearing | (7.48%) | 10.49% | 22.49% | 1.30% |
Cash & Near Cash | 0.44 | 0.99 | 0.02 | 0.08 |
Cash | 10.15% | 38.32% | 1.04% | 5.26% |
Gross Borrowings | 0.12 | 1.26 | 0.41 | 0.11 |
Gross Gearing | 2.67% | 48.81% | 23.53% | 6.56% |
Borrowings Under 5 years | 0.12 | 1.26 | 0.41 | 0.11 |
Under 5 years | 2.67% | 48.81% | 23.70% | 6.88% |
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 | 30-Jun-11 | 30-Jun-10 | 30-Jun-09 | 30-Jun-08 |
Quick Ratio | 1.62 | 1.00 | 0.93 | 1.05 |
Current Ratio | 2.46 | 1.41 | 1.39 | 1.51 |
* 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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