Hill and Smith (HILS)

Sector:

Engineering

Index:

FTSE 250

1,880.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 1,966.00
  • 52 Week Low: 1,320.00
  • Currency: UK Pounds
  • Shares Issued: 80.35m
  • Volume: 33,181
  • Market Cap: £1,510.60m
  • RiskGrade: 132

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.5
Dividend Yield 3.0% 1.7% 1.9% 0.7% 2.6%
           
Continuing Operations          
PE Ratio - Adjusted 13.7 25.7 22.3 18.3 15.4
PE Ratio - Diluted 17.7
13.8		 50.7
26.0		 47.0
25.8		 24.2
23.2		 20.2
16.0
PEG - Adjusted 0.6 2.3 n/a 4.6 0.9
PEG - Diluted 0.2
0.6		 2.8
1.0		 n/a
n/a		 12.1
n/a		 0.5
0.3
Return on Capital Employed 21.15%
26.16%		 0.15%
0.23%		 13.73%
20.34%		 19.96%
20.22%		 11.29%
13.60%
Operating Margin 10.72%
13.26%		 7.82%
12.36%		 6.48%
9.66%		 9.96%
12.42%		 10.22%
12.56%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.8 2,284.0 22.3 18.3 30.8
PE Ratio - Diluted 16.6
12.9		 4,186.5
2,309.3		 47.0
25.5		 24.2
17.2		 40.5
31.1
PEG - Adjusted 0.0 n/a n/a 0.2 n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.2
0.1		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 30.30% 42.11% 45.62% 70.13% 45.33%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value 4.4 8.8 8.5 12.4 8.6
Price/Tangible Book Value 4.4 8.8 8.5 12.4 8.6
Price/ Cash Flow 18.9 21.8 12.2 19.2 17.0
Price/Revenue 1.28 226.54 1.70 1.68 2.96
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 265.83p 203.77p 166.04p 118.94p 138.83p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 732.10 6.31 660.50 694.70 318.95
EBITDA 114.70
133.30		 0.88
1.17		 66.10
87.10		 69.20
86.30		 44.75
52.20
Depreciation (36.20)
(36.20)		 (0.39)
(0.39)		 (23.30)
(23.30)		 n/a
n/a		 (12.15)
(12.15)
Net Interest (9.20)
(9.20)		 (0.06)
(0.06)		 (7.30)
(7.30)		 (7.40)
(8.30)		 (2.70)
(1.90)
Profit Before Tax 69.30
87.90		 0.43
0.72		 35.50
56.10		 61.80
61.80		 29.90
37.35
           
Revenue per Share 916.27p 7.93p 830.82p 877.15p 404.76p
Pre-Tax Profit per Share 86.73p
110.01p		 0.54p
0.90p		 44.65p
70.57p		 78.03p
78.03p		 37.94p
47.40p
Market Capitalisation £ (Millions) 937.60 1,433.21 1,120.95 1,169.56 948.15
Enterprise Value (EV) £ (Millions) 1,080.00 1,590.71 1,287.85 1,410.86 1,117.15
EBITDA/EV 10.62%
12.34%		 0.06%
0.07%		 5.13%
6.76%		 4.90%
6.12%		 4.01%
4.67%
Operating Margin 10.72%
13.26%		 7.82%
12.36%		 6.48%
9.66%		 9.96%
12.42%		 10.22%
12.56%
Capital Employed £ (Millions) 371.20 339.20 311.70 346.70 288.70
Return on Capital Employed 21.15%
26.16%		 0.15%
0.23%		 13.73%
20.34%		 19.96%
20.22%		 11.29%
13.60%
Invested Equity Capital £ (Millions) 409.30 354.80 332.00 318.20 302.70
           
Earnings per Share - Basic 66.70p
85.36p		 35.80p
69.97p		 30.20p
54.97p		 61.10p
63.76p		 59.90p
75.89p
Earnings per Share - Diluted 66.20p
84.72p		 35.40p
69.11p		 30.00p
54.69p		 60.80p
63.44p		 59.30p
75.22p
Earnings per Share - Adjusted 85.40p 70.00p 63.20p 80.70p 77.80p
Earnings per Share Growth - Basic 86%
22%		 18%
27%		 -51%
-14%		 2%
-16%		 39%
57%
Earnings per Share Growth - Diluted 87%
23%		 18%
26%		 -51%
-14%		 2%
-16%		 40%
56%
Earnings per Share Growth - Adjusted 22% 11% -22% 4% 18%
PE Ratio - Diluted 17.7
13.8		 50.7
26.0		 47.0
25.8		 24.2
23.2		 20.2
16.0
PEG - Diluted 0.2
0.6		 2.8
1.0		 n/a
n/a		 12.1
n/a		 0.5
0.3
Tax Rate 23.09% 33.64% 32.39% 21.68% 21.07%
Dividend Cover 2.44
2.44		 2.26
2.26		 2.37
2.06		 7.61
6.02		 2.45
2.39
Interest Cover 8.14
10.06		 7.39
11.63		 5.49
8.10		 8.02
8.02		 10.97
17.98
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 71.00p
91.86p		 0.43p
0.79p		 30.20p
55.47p		 61.10p
85.98p		 29.95p
38.96p
Earnings per Share - Diluted 70.40p
91.18p		 0.43p
0.78p		 30.00p
55.19p		 60.80p
85.55p		 29.65p
38.62p
Earnings per Share - Adjusted 91.90p 0.79p 63.20p 80.70p 38.90p
Earnings per Share Growth - Basic 16,258%
11,566%		 -99%
-99%		 -51%
-36%		 104%
121%		 -30%
-39%
Earnings per Share Growth - Diluted 16,310%
11,624%		 -99%
-99%		 -51%
-36%		 105%
122%		 -30%
-40%
Earnings per Share Growth - Adjusted 11,587% -99% -22% 108% -41%
PE Ratio - Diluted 16.6
12.9		 4,186.5
2,309.3		 47.0
25.5		 24.2
17.2		 40.5
31.1
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.2
0.1		 n/a
n/a
Dividend Cover 2.63
2.62		 0.03
0.03		 2.37
2.08		 7.61
8.11		 1.22
1.23
Return on Equity (ROE) 13.85%
17.93%		 0.10%
0.18%		 7.23%
13.28%		 15.21%
21.40%		 7.80%
10.14%
Operating Cash Flow per Share 62.08p 82.54p 115.60p 76.89p 70.43p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 6.01p 0.053p (15.22p) (12.88p) 12.56p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 35.00p 31.00p 26.70p 10.60p 31.80p
Dividend per Share Growth 12.90% 16.10% 151.89% (66.67%) 20.45%
Dividend Yield 3.0% 1.7% 1.9% 0.7% 2.6%
Shareholders Funds 395.00 339.60 320.50 307.00 293.20
Net Borrowings £ (Millions) 119.70 143.00 146.20 215.30 132.90
Net Asset Value per Share (inc. Intangibles) 265.83p 203.77p 166.04p 118.94p 138.83p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 395.00 339.60 320.50 307.00 293.20
Net Borrowings £ (Millions) 119.70 143.00 146.20 215.30 132.90
Net Gearing 30.30% 42.11% 45.62% 70.13% 45.33%
Cash & Near Cash 24.80 18.80 22.00 26.00 36.90
Cash 6.28% 5.54% 6.86% 8.47% 12.59%
Gross Borrowings 144.50 161.80 168.20 241.30 169.80
Gross Gearing 36.58% 47.64% 52.48% 78.60% 57.91%
Borrowings Under 5 years 144.50 161.80 168.20 241.30 169.80
Under 5 years 36.58% 47.64% 52.48% 78.60% 57.91%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 212.40 162.20 132.00 94.20 109.40
Net Borrowings £ (Millions) 119.70 143.00 146.20 215.30 132.90
Net Gearing 56.36% 88.16% 110.76% 228.56% 121.48%
Cash & Near Cash 24.80 18.80 22.00 26.00 36.90
Cash 11.68% 11.59% 16.67% 27.60% 33.73%
Gross Borrowings 144.50 161.80 168.20 241.30 169.80
Gross Gearing 68.03% 99.75% 127.42% 256.16% 155.21%
Borrowings Under 5 years 144.50 161.80 168.20 241.30 169.80
Under 5 years 68.03% 99.75% 127.42% 256.16% 155.21%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 1.20 1.00 1.02 1.19 1.35
Current Ratio 2.01 1.70 1.70 1.90 2.08

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: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page