Johnson Service Group (JSG)

Sector:

Support

Index:

FTSE AIM 50

160.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 160.60
  • 52 Week Low: 101.00
  • Currency: UK Pounds
  • Shares Issued: 414.42m
  • Volume: 1,300,995
  • Market Cap: £663.06m
  • RiskGrade: 232

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 2.6% 3.3% 0.0%
       
Continuing Operations      
PE Ratio - Adjusted 7.2 6.4 3.6
PE Ratio - Diluted 25.8
9.4		 4.0
9.0		 n/a
n/a
PEG - Adjusted 0.4 0.2 n/a
PEG - Diluted n/a
0.3		 n/a
n/a		 n/a
n/a
Return on Capital Employed 18.87%
36.56%		 49.91%
27.13%		 8.06%
8.39%
Operating Margin 3.40%
6.59%		 11.13%
6.05%		 1.98%
2.06%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 7.2 7.0 3.0
PE Ratio - Diluted 25.8
9.4		 5.2
9.0		 n/a
n/a
PEG - Adjusted 0.2 n/a n/a
PEG - Diluted n/a
0.3		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09 31-Dec-08
Net Gearing 81.84% 95.62% 115.27%

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Price/Book Value (2.8) (2.2) (0.4)
Price/Tangible Book Value (2.8) (2.2) (0.4)
Price/ Cash Flow 2.4 1.9 (28.7)
Price/Revenue 0.33 0.24 0.06
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (11.12p) (10.47p) (22.99p)
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09 31-Dec-08
Continuing Operations      
Revenue 235.10 236.40 252.30
EBITDA 32.10
39.60		 50.40
38.40		 29.60
29.80
Depreciation (24.10)
(24.10)		 (24.10)
(24.10)		 (24.60)
(24.60)
Net Interest (3.80)
(3.80)		 (5.70)
(5.30)		 (11.80)
(10.90)
Profit Before Tax 4.20
11.70		 20.60
9.00		 (6.80)
(5.70)
       
Revenue per Share 94.73p 95.24p 175.74p
Pre-Tax Profit per Share 1.69p
4.71p		 8.30p
3.63p		 (4.74p)
(3.97p)
Market Capitalisation £ (Millions) 77.50 57.34 24.93
Enterprise Value (EV) £ (Millions) 137.40 126.54 108.63
EBITDA/EV 23.36%
28.82%		 39.83%
30.35%		 27.25%
27.43%
Operating Margin 3.40%
6.59%		 11.13%
6.05%		 1.98%
2.06%
Capital Employed £ (Millions) 42.40 52.70 62.00
Return on Capital Employed 18.87%
36.56%		 49.91%
27.13%		 8.06%
8.39%
Invested Equity Capital £ (Millions) 80.60 79.10 79.40
       
Earnings per Share - Basic 1.30p
3.46p		 6.10p
2.66p		 (3.40p)
(2.86p)
Earnings per Share - Diluted 1.20p
3.29p		 5.80p
2.55p		 (3.40p)
(2.86p)
Earnings per Share - Adjusted 4.30p 3.60p 2.80p
Earnings per Share Growth - Basic -79%
30%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -79%
29%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted 19% 29% n/a
PE Ratio - Diluted 25.8
9.4		 4.0
9.0		 n/a
n/a
PEG - Diluted n/a
0.3		 n/a
n/a		 n/a
n/a
Tax Rate 23.81% 27.67% 26.47%
Dividend Cover 5.24
4.23		 4.80
3.55		 n/a
n/a
Interest Cover 2.11
4.08		 4.49
2.64		 0.46
0.52
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 1.30p
3.46p		 4.70p
2.66p		 (4.20p)
(2.72p)
Earnings per Share - Diluted 1.20p
3.29p		 4.40p
2.55p		 (4.20p)
(2.72p)
Earnings per Share - Adjusted 4.30p 3.30p 3.30p
Earnings per Share Growth - Basic -72%
30%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -73%
29%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted 30% n/a n/a
PE Ratio - Diluted 25.8
9.4		 5.2
9.0		 n/a
n/a
PEG - Diluted n/a
0.3		 n/a
n/a		 n/a
n/a
Dividend Cover 5.24
4.23		 4.40
3.55		 n/a
n/a
Return on Equity (ROE) 3.97%
10.67%		 14.41%
8.34%		 (7.68%)
(4.91%)
Operating Cash Flow per Share 13.14p 11.96p (0.35p)
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share (0.65p) (2.01p) (7.73p)
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 0.82p 0.75p n/a
Dividend per Share Growth 9.33% n/a n/a
Dividend Yield 2.6% 3.3% 0.0%
Shareholders Funds 70.50 70.80 68.10
Net Borrowings £ (Millions) 57.70 67.70 78.50
Net Asset Value per Share (inc. Intangibles) (11.12p) (10.47p) (22.99p)

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds inc Intangibles 70.50 70.80 68.10
Net Borrowings £ (Millions) 57.70 67.70 78.50
Net Gearing 81.84% 95.62% 115.27%
Cash & Near Cash 2.20 2.70 5.20
Cash 3.12% 3.81% 7.64%
Gross Borrowings 59.90 70.40 83.70
Gross Gearing 84.96% 99.44% 122.91%
Borrowings Under 5 years 59.90 70.40 83.70
Under 5 years 84.96% 99.44% 122.91%
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 (27.60) (26.00) (33.00)
Net Borrowings £ (Millions) 57.70 67.70 78.50
Net Gearing n/a n/a n/a
Cash & Near Cash 2.20 2.70 5.20
Cash (7.97%) (10.38%) (15.76%)
Gross Borrowings 59.90 70.40 83.70
Gross Gearing 217.03% 270.77% 253.64%
Borrowings Under 5 years 59.90 70.40 83.70
Under 5 years (217.03%) (270.77%) (253.64%)
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 0.67 0.76 0.94
Current Ratio 0.74 0.83 1.01

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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