£ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-10 | 31-Dec-09 |
Annualisation Factor | 1.0 | 1.0 |
Dividend Yield | 3.1% | 5.9% |
Continuing Operations | ||
PE Ratio - Adjusted | 14.9 | 8.3 |
PE Ratio - Diluted | 15.2 14.6 |
8.3 8.4 |
PEG - Adjusted | 1.1 | n/a |
PEG - Diluted | 1.4 0.9 |
n/a n/a |
Return on Capital Employed | 17.18% 17.87% |
15.27% 15.19% |
Operating Margin | 6.55% 6.81% |
6.12% 6.09% |
Continuing & Discontinued Operations | ||
PE Ratio - Adjusted | 14.9 | 8.3 |
PE Ratio - Diluted | 15.2 14.6 |
8.3 8.4 |
PEG - Adjusted | 1.1 | n/a |
PEG - Diluted | 1.4 0.9 |
n/a n/a |
£ (Millions) | £ (Millions) | |
Gearing | 31-Dec-10 | 31-Dec-09 |
Net Gearing | 21.47% | 8.75% |
£ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-10 | 31-Dec-09 |
Price/Book Value | 3.3 | 1.9 |
Price/Tangible Book Value | 3.3 | 1.9 |
Price/ Cash Flow | 15.2 | 5.8 |
Price/Revenue | 0.84 | 0.45 |
Price/R&D | 16.6 | 8.9 |
Net Asset Value per Share (exc. Intangibles) | 11.26p | 9.91p |
Net Cash per Share | 2.26p | 2.08p |
£ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-10 | 31-Dec-09 |
Continuing Operations | ||
Revenue | 10.98 | 9.78 |
EBITDA | 0.89 0.89 |
0.76 0.75 |
Depreciation | (0.17) (0.14) |
(0.16) (0.16) |
Net Interest | (0.04) (0.04) |
(0.01) (0.01) |
Profit Before Tax | 0.68 0.71 |
0.59 0.59 |
Revenue per Share | 44.54p | 41.00p |
Pre-Tax Profit per Share | 2.77p 2.89p |
2.49p 2.48p |
Market Capitalisation £ (Millions) | 9.30 | 4.59 |
Enterprise Value (EV) £ (Millions) | 10.71 | 6.14 |
EBITDA/EV | 8.27% 8.27% |
12.33% 12.28% |
Operating Margin | 6.55% 6.81% |
6.12% 6.09% |
Capital Employed £ (Millions) | 4.19 | 3.92 |
Return on Capital Employed | 17.18% 17.87% |
15.27% 15.19% |
Invested Equity Capital £ (Millions) | 3.89 | 3.55 |
Earnings per Share - Basic | 2.51p 2.63p |
2.23p 2.22p |
Earnings per Share - Diluted | 2.46p 2.57p |
2.22p 2.21p |
Earnings per Share - Adjusted | 2.51p | 2.23p |
Earnings per Share Growth - Basic | 13% 18% |
n/a n/a |
Earnings per Share Growth - Diluted | 11% 16% |
n/a n/a |
Earnings per Share Growth - Adjusted | 13% | n/a |
PE Ratio - Diluted | 15.2 14.6 |
8.3 8.4 |
PEG - Diluted | 1.4 0.9 |
n/a n/a |
Tax Rate | 9.50% | 10.27% |
Dividend Cover | 2.18 2.29 |
2.03 2.02 |
Interest Cover | 18.10 18.83 |
43.43 43.21 |
Continuing & Discontinued Operations | ||
Earnings per Share - Basic | 2.51p 2.63p |
2.23p 2.22p |
Earnings per Share - Diluted | 2.46p 2.57p |
2.22p 2.21p |
Earnings per Share - Adjusted | 2.51p | 2.23p |
Earnings per Share Growth - Basic | 13% 18% |
n/a n/a |
Earnings per Share Growth - Diluted | 11% 16% |
n/a n/a |
Earnings per Share Growth - Adjusted | 13% | n/a |
PE Ratio - Diluted | 15.2 14.6 |
8.3 8.4 |
PEG - Diluted | 1.4 0.9 |
n/a n/a |
Dividend Cover | 2.18 2.29 |
2.03 2.02 |
Return on Equity (ROE) | 15.90% 16.64% |
15.02% 14.94% |
Operating Cash Flow per Share | 2.47p | 3.21p |
Gross Cash Flow per Share | cn/a | cn/a |
Cash Incr/Decr per Share | (2.71p) | (2.15p) |
Capital Expenditure per Share | n/a | n/a |
Dividend per Share | 1.15p | 1.10p |
Dividend per Share Growth | 4.55% | n/a |
Dividend Yield | 3.1% | 5.9% |
Shareholders Funds | 3.89 | 3.54 |
Net Borrowings £ (Millions) | 0.84 | 0.31 |
Net Asset Value per Share (inc. Intangibles) | 11.26p | 9.91p |
£ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-10 | 31-Dec-09 |
Shareholders' Funds inc Intangibles | 3.89 | 3.54 |
Net Borrowings £ (Millions) | 0.84 | 0.31 |
Net Gearing | 21.47% | 8.75% |
Cash & Near Cash | 0.57 | 1.24 |
Cash | 14.74% | 35.09% |
Gross Borrowings | 1.41 | 1.55 |
Gross Gearing | 36.21% | 43.85% |
Borrowings Under 5 years | 1.41 | 1.55 |
Under 5 years | 36.21% | 43.85% |
Borrowings Under 1 year | n/a | n/a |
Under 1 year | n/a | n/a |
£ (Millions) | £ (Millions) | |
Gearing - exc Intangibles | 31-Dec-10 | 31-Dec-09 |
Shareholders' Funds exc Intangibles | 2.78 | 2.37 |
Net Borrowings £ (Millions) | 0.84 | 0.31 |
Net Gearing | 30.12% | 13.11% |
Cash & Near Cash | 0.57 | 1.24 |
Cash | 20.68% | 52.56% |
Gross Borrowings | 1.41 | 1.55 |
Gross Gearing | 50.79% | 65.67% |
Borrowings Under 5 years | 1.41 | 1.55 |
Under 5 years | 50.79% | 65.67% |
Borrowings Under 1 year | n/a | n/a |
Under 1 year | n/a | n/a |
£ (Millions) | £ (Millions) | |
Cover | 31-Dec-10 | 31-Dec-09 |
Quick Ratio | n/a | n/a |
Current Ratio | 1.79 | 1.64 |
* 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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