Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

185.60p
   
  • Change Today:
    -0.80p
  • 52 Week High: 198.00
  • 52 Week Low: 143.60
  • Currency: UK Pounds
  • Shares Issued: 288.10m
  • Volume: 307,644
  • Market Cap: £534.71m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.1% 1.4% 1.7% 1.1% 1.4%
           
Continuing Operations          
PE Ratio - Adjusted 16.0 124.5 65.1 n/a 20.4
PE Ratio - Diluted 84.8
25.4		 n/a
n/a		 n/a
n/a		 n/a
110.7		 30.0
50.3
PEG - Adjusted 0.0 n/a n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.5
n/a
Return on Capital Employed 5.53%
16.18%		 n/a
2.82%		 0.01%
0.01%		 2.25%
6.60%		 19.13%
15.45%
Operating Margin 3.45%
10.09%		 (3.34%)
4.35%		 2.55%
1.99%		 1.29%
3.79%		 8.21%
6.63%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.0 124.5 6,448.8 n/a 20.4
PE Ratio - Diluted 94.2
25.4		 n/a
n/a		 3,840.3
n/a		 n/a
110.7		 30.0
50.3
PEG - Adjusted 0.0 0.0 n/a n/a 0.1
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.4

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 24.41% (26.11%) 38.31% 34.79% 54.40%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 8.6 3.6 7.1 7.2 20.9
Price/Tangible Book Value 8.6 3.6 8.0 8.2 24.4
Price/ Cash Flow 16.9 11.1 16.4 9.0 14.9
Price/Revenue 1.58 2.11 340.99 0.93 1.17
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 19.76p 65.59p 48.31p 42.39p 20.80p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 316.30 337.90 3.05 896.50 974.10
EBITDA 42.10
63.10		 11.30
37.30		 0.37
0.35		 86.00
108.40		 80.00
64.60
Depreciation (31.20)
(31.20)		 (22.60)
(22.60)		 (0.29)
(0.29)		 (74.40)
(74.40)		 n/a
n/a
Net Interest (2.50)
(2.50)		 (17.80)
(17.80)		 (0.15)
(0.15)		 (15.70)
(15.70)		 (14.50)
(14.50)
Profit Before Tax 8.40
29.40		 (29.10)
(3.10)		 (0.07)
(0.09)		 (4.10)
18.30		 65.50
50.10
           
Revenue per Share 107.37p 112.22p 1.01p 328.75p 371.79p
Pre-Tax Profit per Share 2.85p
9.98p		 (9.66p)
(1.03p)		 (0.024p)
(0.030p)		 (1.50p)
6.71p		 25.00p
19.12p
Market Capitalisation £ (Millions) 489.00 713.50 1,040.82 926.53 1,150.02
Enterprise Value (EV) £ (Millions) 615.40 1,029.20 1,411.32 1,268.73 1,496.42
EBITDA/EV 6.84%
10.25%		 1.10%
3.62%		 0.03%
0.02%		 6.78%
8.54%		 5.35%
4.32%
Operating Margin 3.45%
10.09%		 (3.34%)
4.35%		 2.55%
1.99%		 1.29%
3.79%		 8.21%
6.63%
Capital Employed £ (Millions) 197.20 522.10 564.20 515.30 418.20
Return on Capital Employed 5.53%
16.18%		 n/a
2.82%		 0.01%
0.01%		 2.25%
6.60%		 19.13%
15.45%
Invested Equity Capital £ (Millions) 285.80 412.80 660.50 658.20 536.40
           
Earnings per Share - Basic 2.00p
6.72p		 (10.30p)
(1.56p)		 (1.60p)
(2.36p)		 (1.20p)
2.79p		 14.70p
8.78p
Earnings per Share - Diluted 2.00p
6.67p		 (10.30p)
(1.55p)		 (1.60p)
(2.35p)		 (1.20p)
2.77p		 14.50p
8.66p
Earnings per Share - Adjusted 10.60p 1.90p 5.30p (1.20)p 21.30p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
-68%		 58%
-46%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
-68%		 58%
-46%
Earnings per Share Growth - Adjusted 458% -64% n/a n/a -8%
PE Ratio - Diluted 84.8
25.4		 n/a
n/a		 n/a
n/a		 n/a
110.7		 30.0
50.3
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.5
n/a
Tax Rate 30.95% (6.87%) 30.99% 63.41% 37.10%
Dividend Cover 2.94
1.87		 0.58
(0.47)		 0.88
(0.39)		 (0.36)
0.84		 3.38
1.39
Interest Cover 1.62
3.18		 (0.17)
0.88		 0.58
0.48		 0.77
2.04		 4.95
4.02
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 1.80p
6.72p		 (62.40p)
(1.56p)		 0.091p
(0.024p)		 (1.20p)
2.79p		 14.70p
8.78p
Earnings per Share - Diluted 1.80p
6.67p		 (62.40p)
(1.55p)		 0.090p
(0.024p)		 (1.20p)
2.77p		 14.50p
8.66p
Earnings per Share - Adjusted 10.60p 1.90p 0.053p (1.20p) 21.30p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
-68%		 533%
115%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
-68%		 531%
114%
Earnings per Share Growth - Adjusted 458% 3,452% n/a n/a 269%
PE Ratio - Diluted 94.2
25.4		 n/a
n/a		 3,840.3
n/a		 n/a
110.7		 30.0
50.3
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.4
Dividend Cover 2.94
1.87		 0.58
(0.47)		 0.01
n/a		 (0.36)
0.84		 3.38
1.39
Return on Equity (ROE) 1.89%
6.93%		 (45.54%)
(1.14%)		 0.04%
(0.01%)		 (0.50%)
1.15%		 7.16%
4.29%
Operating Cash Flow per Share 10.01p 21.25p 21.00p 34.03p 29.16p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (122.20p) 92.66p 0.008p 23.95p 1.95p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 3.60p 3.30p 6.00p 3.30p 6.30p
Dividend per Share Growth 9.09% (45.00%) 81.82% (47.62%) (69.57%)
Dividend Yield 2.1% 1.4% 1.7% 1.1% 1.4%
Shareholders Funds 273.20 404.10 612.70 604.70 533.10
Net Borrowings £ (Millions) 66.70 (105.50) 234.70 210.40 290.00
Net Asset Value per Share (inc. Intangibles) 19.76p 65.59p 42.92p 37.51p 17.86p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 273.20 404.10 612.70 604.70 533.10
Net Borrowings £ (Millions) 66.70 (105.50) 234.70 210.40 290.00
Net Gearing 24.41% (26.11%) 38.31% 34.79% 54.40%
Cash & Near Cash 59.70 421.40 136.30 135.80 70.40
Cash 21.85% 104.28% 22.25% 22.46% 13.21%
Gross Borrowings 126.40 315.90 371.00 346.20 360.40
Gross Gearing 46.27% 78.17% 60.55% 57.25% 67.60%
Borrowings Under 5 years 126.40 315.90 371.00 346.20 360.40
Under 5 years 46.27% 78.17% 60.55% 57.25% 67.60%
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-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 58.20 197.50 129.20 102.30 46.80
Net Borrowings £ (Millions) 66.70 (105.50) 234.70 210.40 290.00
Net Gearing 114.60% (53.42%) 181.66% 205.67% 619.66%
Cash & Near Cash 59.70 421.40 136.30 135.80 70.40
Cash 102.58% 213.37% 105.50% 132.75% 150.43%
Gross Borrowings 126.40 315.90 371.00 346.20 360.40
Gross Gearing 217.18% 159.95% 287.15% 338.42% 770.09%
Borrowings Under 5 years 126.40 315.90 371.00 346.20 360.40
Under 5 years 217.18% 159.95% 287.15% 338.42% 770.09%
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-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 1.08 1.37 1.46 1.42 0.67
Current Ratio 1.65 1.55 2.05 1.92 0.97

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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