£ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Annualisation Factor | 1.0 | 1.0 | 1.0 |
Dividend Yield | 1.8% | 0.0% | 1.5% |
Continuing Operations | |||
PE Ratio - Adjusted | 9.8 | n/a | n/a |
PE Ratio - Diluted | 9.9 9.8 |
n/a n/a |
n/a n/a |
PEG - Adjusted | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
Return on Capital Employed | 20.55% 20.67% |
n/a n/a |
n/a n/a |
Operating Margin | 2.13% 2.14% |
(7.76%) (6.92%) |
(7.31%) (4.21%) |
Continuing & Discontinued Operations | |||
PE Ratio - Adjusted | 9.8 | n/a | n/a |
PE Ratio - Diluted | 9.8 9.8 |
n/a n/a |
n/a n/a |
PEG - Adjusted | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Net Gearing | (24.67%) | (86.98%) | (56.89%) |
£ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Price/Book Value | 10.9 | (66.2) | 4.5 |
Price/Tangible Book Value | 10.9 | (66.2) | 4.5 |
Price/ Cash Flow | 67.9 | (12.8) | (1.5) |
Price/Revenue | 0.28 | 0.25 | 0.13 |
Price/R&D | n/a | n/a | 5.2 |
Net Asset Value per Share (exc. Intangibles) | 5.10p | (0.73p) | 7.27p |
Net Cash per Share | n/a | n/a | 6.24p |
£ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Continuing Operations | |||
Revenue | 48.90 | 47.07 | 63.42 |
EBITDA | 1.54 1.55 |
(2.95) (2.55) |
(3.73) (1.76) |
Depreciation | (0.50) (0.50) |
(0.71) (0.71) |
(0.91) (0.91) |
Net Interest | (0.10) (0.10) |
(0.05) (0.05) |
0.07 0.07 |
Profit Before Tax | 0.94 0.95 |
(3.70) (3.30) |
(4.57) (2.60) |
Revenue per Share | 197.85p | 190.38p | 259.01p |
Pre-Tax Profit per Share | 3.80p 3.82p |
(14.97p) (13.36p) |
(18.68p) (10.64p) |
Market Capitalisation £ (Millions) | 14.02 | 12.25 | 8.21 |
Enterprise Value (EV) £ (Millions) | 15.65 | 14.95 | 8.32 |
EBITDA/EV | 9.84% 9.88% |
(19.72%) (17.05%) |
(44.85%) (21.20%) |
Operating Margin | 2.13% 2.14% |
(7.76%) (6.92%) |
(7.31%) (4.21%) |
Capital Employed £ (Millions) | 5.07 | 4.23 | 4.24 |
Return on Capital Employed | 20.55% 20.67% |
n/a n/a |
n/a n/a |
Invested Equity Capital £ (Millions) | 4.55 | 2.69 | 4.60 |
Earnings per Share - Basic | 5.64p 5.66p |
(7.88p) (6.27p) |
(13.88p) (5.85p) |
Earnings per Share - Diluted | 5.62p 5.65p |
(7.88p) (6.27p) |
(13.88p) (5.83p) |
Earnings per Share - Adjusted | 5.64p | (7.88)p | (13.88)p |
Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | n/a | n/a | n/a |
PE Ratio - Diluted | 9.9 9.8 |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | (48.46%) | 47.34% | 25.65% |
Dividend Cover | 5.64 5.66 |
n/a n/a |
(27.76) (11.70) |
Interest Cover | 8.45 8.50 |
(24.01) (21.32) |
(27.23) (15.08) |
Continuing & Discontinued Operations | |||
Earnings per Share - Basic | 5.64p 5.66p |
(7.88p) (6.27p) |
(55.39p) (22.06p) |
Earnings per Share - Diluted | 5.64p 5.65p |
(7.88p) (6.27p) |
(55.39p) (22.00p) |
Earnings per Share - Adjusted | 5.64p | (7.88p) | (55.39p) |
Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | n/a | n/a | n/a |
PE Ratio - Diluted | 9.8 9.8 |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | 5.64 5.66 |
n/a n/a |
(110.78) (44.12) |
Return on Equity (ROE) | 30.64% 30.78% |
(72.51%) (57.70%) |
(294.72%) (117.38%) |
Operating Cash Flow per Share | 0.82p | (3.80p) | (22.21p) |
Gross Cash Flow per Share | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (1.82p) | (1.84p) | (35.42p) |
Capital Expenditure per Share | n/a | n/a | n/a |
Dividend per Share | 1.00p | n/a | 0.50p |
Dividend per Share Growth | n/a | n/a | n/a |
Dividend Yield | 1.8% | 0.0% | 1.5% |
Shareholders Funds | 2.46 | 0.97 | 2.85 |
Net Borrowings £ (Millions) | (0.61) | (0.84) | (1.62) |
Net Asset Value per Share (inc. Intangibles) | 5.10p | (0.73p) | 7.27p |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Shareholders' Funds inc Intangibles | 2.46 | 0.97 | 2.85 |
Net Borrowings £ (Millions) | (0.61) | (0.84) | (1.62) |
Net Gearing | (24.67%) | (86.98%) | (56.89%) |
Cash & Near Cash | 2.32 | 3.54 | 2.33 |
Cash | 94.58% | 365.29% | 81.66% |
Gross Borrowings | 1.72 | 2.69 | 0.71 |
Gross Gearing | 69.91% | 278.31% | 24.76% |
Borrowings Under 5 years | 1.72 | 2.69 | 0.71 |
Under 5 years | 69.91% | 278.31% | 24.76% |
Borrowings Under 1 year | n/a | n/a | n/a |
Under 1 year | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - exc Intangibles | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Shareholders' Funds exc Intangibles | 1.26 | (0.18) | 1.78 |
Net Borrowings £ (Millions) | (0.61) | (0.84) | (1.62) |
Net Gearing | (48.06%) | 465.19% | (91.12%) |
Cash & Near Cash | 2.32 | 3.54 | 2.33 |
Cash | 184.22% | (1,953.59%) | 130.79% |
Gross Borrowings | 1.72 | 2.69 | 0.71 |
Gross Gearing | 136.16% | 1,488.40% | 39.66% |
Borrowings Under 5 years | 1.72 | 2.69 | 0.71 |
Under 5 years | 136.16% | (1,488.40%) | 39.66% |
Borrowings Under 1 year | n/a | n/a | n/a |
Under 1 year | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Cover | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Quick Ratio | n/a | n/a | n/a |
Current Ratio | 1.13 | 0.99 | 1.18 |
* 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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