James Halstead (JHD)

Sector:

Construction and Building Materials

Index:

FTSE AIM 50

197.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 225.00
  • 52 Week Low: 188.00
  • Currency: UK Pounds
  • Shares Issued: 416.74m
  • Volume: 171,706
  • Market Cap: £820.99m
  • RiskGrade: 131

Key Financials

  £ (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 2.3% 3.5% 5.6% 4.2%
         
Continuing Operations        
PE Ratio - Adjusted n/a n/a 8.9 12.6
PE Ratio - Diluted n/a
9.1		 n/a
3.2		 8.9
2.3		 12.6
3.2
PEG - Adjusted n/a n/a 0.4 n/a
PEG - Diluted n/a
n/a		 n/a
0.5		 0.4
0.1		 n/a
n/a
Return on Capital Employed 45.86%
45.80%		 55.33%
55.21%		 54.42%
53.01%		 61.54%
61.45%
Operating Margin 17.91%
17.88%		 19.23%
19.19%		 19.37%
18.87%		 18.32%
18.30%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted n/a n/a 8.9 12.6
PE Ratio - Diluted n/a
9.1		 n/a
3.2		 8.9
2.3		 12.6
3.2
PEG - Adjusted n/a n/a 0.4 n/a
PEG - Diluted n/a
n/a		 n/a
0.5		 0.4
0.1		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-11 30-Jun-10 30-Jun-09 30-Jun-08
Net Gearing (39.50%) (49.62%) (43.92%) (59.47%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-11 30-Jun-10 30-Jun-09 30-Jun-08
Price/Book Value 3.0 1.3 0.9 1.4
Price/Tangible Book Value 3.0 1.3 0.9 1.4
Price/ Cash Flow 10.6 2.9 3.2 3.2
Price/Revenue 1.16 0.44 0.33 0.40
Price/R&D 168.2 51.7 35.6 37.5
Net Asset Value per Share (exc. Intangibles) 79.36p 123.05p 114.72p 89.81p
Net Cash per Share 1.42p 3.08p 3.02p 3.32p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-11 30-Jun-10 30-Jun-09 30-Jun-08
Continuing Operations        
Revenue 213.94 186.42 169.26 158.74
EBITDA 41.59
41.54		 39.38
39.30		 35.76
34.91		 32.01
31.96
Depreciation (3.28)
(3.28)		 (3.53)
(3.53)		 (2.97)
(2.97)		 (2.92)
(2.92)
Net Interest 0.17
0.17		 (0.10)
(0.10)		 0.21
0.21		 0.77
0.77
Profit Before Tax 38.48
38.43		 35.75
35.67		 33.00
32.15		 29.86
29.81
         
Revenue per Share 206.00p 360.62p 328.79p 309.40p
Pre-Tax Profit per Share 37.05p
37.00p		 69.16p
69.00p		 64.09p
62.45p		 58.20p
58.11p
Market Capitalisation £ (Millions) 248.76 82.67 55.34 64.18
Enterprise Value (EV) £ (Millions) 248.94 81.64 54.55 64.23
EBITDA/EV 16.71%
16.69%		 48.24%
48.14%		 65.55%
63.99%		 49.83%
49.76%
Operating Margin 17.91%
17.88%		 19.23%
19.19%		 19.37%
18.87%		 18.32%
18.30%
Capital Employed £ (Millions) 83.54 64.80 60.25 47.27
Return on Capital Employed 45.86%
45.80%		 55.33%
55.21%		 54.42%
53.01%		 61.54%
61.45%
Invested Equity Capital £ (Millions) 86.57 67.83 63.28 50.30
         
Earnings per Share - Basic n/a
26.39p		 n/a
49.52p		 12.07p
46.63p		 9.93p
39.59p
Earnings per Share - Diluted n/a
26.27p		 n/a
49.42p		 12.05p
46.52p		 9.88p
39.43p
Earnings per Share - Adjusted n/a n/a 12.07p 9.93p
Earnings per Share Growth - Basic n/a
-47%		 n/a
6%		 22%
18%		 n/a
n/a
Earnings per Share Growth - Diluted n/a
-47%		 n/a
6%		 22%
18%		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a 22% n/a
PE Ratio - Diluted n/a
9.1		 n/a
3.2		 8.9
2.3		 12.6
3.2
PEG - Diluted n/a
n/a		 n/a
0.5		 0.4
0.1		 n/a
n/a
Tax Rate 28.62% 28.17% 24.69% 31.83%
Dividend Cover n/a
4.80		 n/a
9.00		 1.99
7.69		 1.91
7.63
Interest Cover 13.27
13.25		 11.80
11.77		 9.37
9.15		 9.48
9.47
         
Continuing & Discontinued Operations        
Earnings per Share - Basic n/a
26.39p		 n/a
49.52p		 12.07p
46.63p		 9.93p
39.59p
Earnings per Share - Diluted n/a
26.27p		 n/a
49.42p		 12.05p
46.52p		 9.88p
39.43p
Earnings per Share - Adjusted n/a n/a 12.07p 9.93p
Earnings per Share Growth - Basic n/a
-47%		 -100%
6%		 22%
18%		 n/a
n/a
Earnings per Share Growth - Diluted n/a
-47%		 -100%
6%		 22%
18%		 n/a
n/a
Earnings per Share Growth - Adjusted n/a -100% 22% n/a
PE Ratio - Diluted n/a
9.1		 n/a
3.2		 8.9
2.3		 12.6
3.2
PEG - Diluted n/a
n/a		 n/a
0.5		 0.4
0.1		 n/a
n/a
Dividend Cover n/a
4.80		 n/a
9.00		 1.99
7.69		 1.91
7.63
Return on Equity (ROE) 31.73%
31.66%		 37.86%
37.74%		 39.27%
37.93%		 40.47%
40.38%
Operating Cash Flow per Share 22.47p 55.83p 33.10p 39.44p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.14p 11.17p (4.10p) 12.24p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 5.50p 5.50p 6.06p 5.19p
Dividend per Share Growth n/a (9.28%) 16.87% n/a
Dividend Yield 2.3% 3.5% 5.6% 4.2%
Shareholders Funds 85.65 66.84 62.29 49.31
Net Borrowings £ (Millions) (33.83) (33.16) (27.36) (29.32)
Net Asset Value per Share (inc. Intangibles) 79.36p 123.05p 114.72p 89.81p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-11 30-Jun-10 30-Jun-09 30-Jun-08
Shareholders' Funds inc Intangibles 85.65 66.84 62.29 49.31
Net Borrowings £ (Millions) (33.83) (33.16) (27.36) (29.32)
Net Gearing (39.50%) (49.62%) (43.92%) (59.47%)
Cash & Near Cash 34.03 33.36 27.56 29.52
Cash 39.73% 49.91% 44.25% 59.87%
Gross Borrowings 0.20 0.20 0.20 0.20
Gross Gearing 0.23% 0.30% 0.32% 0.41%
Borrowings Under 5 years 0.20 0.20 0.20 0.20
Under 5 years 0.23% 0.30% 0.32% 0.41%
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 82.42 63.61 59.06 46.07
Net Borrowings £ (Millions) (33.83) (33.16) (27.36) (29.32)
Net Gearing (41.05%) (52.14%) (46.33%) (63.64%)
Cash & Near Cash 34.03 33.36 27.56 29.52
Cash 41.29% 52.45% 46.67% 64.07%
Gross Borrowings 0.20 0.20 0.20 0.20
Gross Gearing 0.24% 0.31% 0.34% 0.43%
Borrowings Under 5 years 0.20 0.20 0.20 0.20
Under 5 years 0.24% 0.31% 0.34% 0.43%
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 1.14 1.25 1.40 1.08
Current Ratio 1.98 1.95 2.15 1.71

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.

 

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