First Property Group (FPO)

Sector:

Financials

Index:

FTSE AIM All-Share

18.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 28.00
  • 52 Week Low: 15.50
  • Currency: UK Pounds
  • Shares Issued: 110.88m
  • Volume: 94,979
  • Market Cap: £19.96m
  • RiskGrade: 151

Key Financials

  £ (Millions) £ (Millions)
Growth Metrics 31-Mar-11 31-Mar-10
Annualisation Factor 1.0 1.0
Dividend Yield 5.3% 6.1%
     
Continuing Operations    
PE Ratio - Adjusted 9.8 8.5
PE Ratio - Diluted 10.5
10.3		 8.9
9.2
PEG - Adjusted 9.8 n/a
PEG - Diluted n/a
2.6		 n/a
n/a
Return on Capital Employed 8.55%
8.59%		 12.36%
12.40%
Operating Margin (3,059.87%)
(3,059.87%)		 (3,562.93%)
(3,562.93%)
     
Continuing & Discontinued Operations    
PE Ratio - Adjusted 10.0 8.2
PE Ratio - Diluted 10.7
10.8		 8.6
8.6
PEG - Adjusted n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions)
Gearing 31-Mar-11 31-Mar-10
Net Gearing 109.94% (19.94%)

  £ (Millions) £ (Millions)
Value Metrics 31-Mar-11 31-Mar-10
Price/Book Value 1.3 1.2
Price/Tangible Book Value 1.3 1.2
Price/ Cash Flow 6.9 22.5
Price/Revenue 3.07 2.85
Price/R&D n/a n/a
Net Asset Value per Share (exc. Intangibles) 14.98p 14.35p
Net Cash per Share n/a n/a

  £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-11 31-Mar-10
Continuing Operations    
Revenue 7.11 6.46
EBITDA (217.50)
(217.50)		 (230.15)
(230.15)
Depreciation (0.06)
(0.06)		 (0.05)
(0.05)
Net Interest (0.49)
(0.49)		 (0.19)
(0.19)
Profit Before Tax 2.95
2.95		 2.61
2.61
     
Revenue per Share 6.47p 5.97p
Pre-Tax Profit per Share 2.68p
2.68p		 2.41p
2.41p
Market Capitalisation £ (Millions) 22.02 18.66
Enterprise Value (EV) £ (Millions) 45.37 25.71
EBITDA/EV (479.37%)
(479.37%)		 (895.00%)
(895.00%)
Operating Margin (3,059.87%)
(3,059.87%)		 (3,562.93%)
(3,562.93%)
Capital Employed £ (Millions) 40.09 22.58
Return on Capital Employed 8.55%
8.59%		 12.36%
12.40%
Invested Equity Capital £ (Millions) 16.57 15.41
     
Earnings per Share - Basic 2.02p
2.06p		 2.00p
1.95p
Earnings per Share - Diluted 1.90p
1.92p		 1.90p
1.85p
Earnings per Share - Adjusted 2.02p 2.00p
Earnings per Share Growth - Basic 1%
6%		 n/a
n/a
Earnings per Share Growth - Diluted n/a
4%		 n/a
n/a
Earnings per Share Growth - Adjusted 1% n/a
PE Ratio - Diluted 10.5
10.3		 8.9
9.2
PEG - Diluted n/a
2.6		 n/a
n/a
Tax Rate (0.28%) (0.19%)
Dividend Cover 1.91
1.94		 1.94
1.89
Interest Cover 5.90
5.90		 9.08
9.08
     
Continuing & Discontinued Operations    
Earnings per Share - Basic 1.98p
1.97p		 2.07p
2.07p
Earnings per Share - Diluted 1.86p
1.84p		 1.97p
1.97p
Earnings per Share - Adjusted 1.98p 2.07p
Earnings per Share Growth - Basic -4%
-5%		 n/a
n/a
Earnings per Share Growth - Diluted -6%
-6%		 n/a
n/a
Earnings per Share Growth - Adjusted -4% n/a
PE Ratio - Diluted 10.7
10.8		 8.6
8.6
PEG - Diluted n/a
n/a		 n/a
n/a
Dividend Cover 1.87
1.86		 2.01
2.01
Return on Equity (ROE) 13.15%
13.05%		 14.55%
14.55%
Operating Cash Flow per Share 2.87p 0.76p
Gross Cash Flow per Share cn/a cn/a
Cash Incr/Decr per Share (4.08p) (0.43p)
Capital Expenditure per Share n/a n/a
Dividend per Share 1.06p 1.03p
Dividend per Share Growth 2.91% n/a
Dividend Yield 5.3% 6.1%
Shareholders Funds 16.38 15.40
Net Borrowings £ (Millions) 18.00 (3.07)
Net Asset Value per Share (inc. Intangibles) 14.80p 14.11p

  £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-11 31-Mar-10
Shareholders' Funds inc Intangibles 16.38 15.40
Net Borrowings £ (Millions) 18.00 (3.07)
Net Gearing 109.94% (19.94%)
Cash & Near Cash 5.44 10.13
Cash 33.22% 65.74%
Gross Borrowings 23.45 7.05
Gross Gearing 143.16% 45.80%
Borrowings Under 5 years 23.45 7.05
Under 5 years 143.16% 45.80%
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Mar-11 31-Mar-10
Shareholders' Funds exc Intangibles 16.26 15.26
Net Borrowings £ (Millions) 18.00 (3.07)
Net Gearing 110.71% (20.13%)
Cash & Near Cash 5.44 10.13
Cash 33.46% 66.34%
Gross Borrowings 23.45 7.05
Gross Gearing 144.17% 46.21%
Borrowings Under 5 years 23.45 7.05
Under 5 years 144.17% 46.21%
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Cover 31-Mar-11 31-Mar-10
Quick Ratio 3.00 5.17
Current Ratio 7.54 9.67

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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