Macfarlane Group (MACF)

Sector:

Support

Index:

FTSE Small Cap

142.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 145.00
  • 52 Week Low: 99.00
  • Currency: UK Pounds
  • Shares Issued: 159.60m
  • Volume: 35,292
  • Market Cap: £226.63m
  • RiskGrade: 179

Key Financials

  £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09
Annualisation Factor 1.0 1.0
Dividend Yield 5.1% 7.3%
     
Continuing Operations    
PE Ratio - Adjusted 14.5 9.3
PE Ratio - Diluted 11.6
16.8		 11.7
9.7
PEG - Adjusted n/a n/a
PEG - Diluted 0.2
n/a		 n/a
n/a
Return on Capital Employed 60.71%
47.84%		 54.68%
64.24%
Operating Margin 3.96%
3.12%		 3.00%
3.52%
     
Continuing & Discontinued Operations    
PE Ratio - Adjusted 14.5 8.1
PE Ratio - Diluted 11.6
16.8		 10.0
8.4
PEG - Adjusted n/a n/a
PEG - Diluted 0.4
n/a		 n/a
n/a

  £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09
Net Gearing 25.52% 29.37%

  £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09
Price/Book Value 42.3 (13.1)
Price/Tangible Book Value 42.3 (13.1)
Price/ Cash Flow 14.6 13.5
Price/Revenue 0.26 0.19
Price/R&D n/a n/a
Net Asset Value per Share (exc. Intangibles) 0.72p (1.56p)
Net Cash per Share n/a n/a

  £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09
Continuing Operations    
Revenue 135.45 123.60
EBITDA 6.67
5.53		 5.17
5.82
Depreciation (1.31)
(1.31)		 (1.47)
(1.47)
Net Interest (1.17)
(1.17)		 (1.22)
(1.22)
Profit Before Tax 4.20
3.06		 2.48
3.13
     
Revenue per Share 117.76p 107.46p
Pre-Tax Profit per Share 3.65p
2.66p		 2.16p
2.72p
Market Capitalisation £ (Millions) 35.08 23.58
Enterprise Value (EV) £ (Millions) 42.17 31.44
EBITDA/EV 15.82%
13.13%		 16.45%
18.51%
Operating Margin 3.96%
3.12%		 3.00%
3.52%
Capital Employed £ (Millions) 8.84 6.78
Return on Capital Employed 60.71%
47.84%		 54.68%
64.24%
Invested Equity Capital £ (Millions) 28.15 25.67
     
Earnings per Share - Basic 2.63p
1.81p		 1.75p
2.12p
Earnings per Share - Diluted 2.63p
1.81p		 1.75p
2.12p
Earnings per Share - Adjusted 2.10p 2.21p
Earnings per Share Growth - Basic 50%
-14%		 n/a
n/a
Earnings per Share Growth - Diluted 50%
-14%		 n/a
n/a
Earnings per Share Growth - Adjusted -5% n/a
PE Ratio - Diluted 11.6
16.8		 11.7
9.7
PEG - Diluted 0.2
n/a		 n/a
n/a
Tax Rate 28.85% 20.69%
Dividend Cover 1.35
1.17		 1.47
1.41
Interest Cover 2.07
1.78		 1.70
1.88
     
Continuing & Discontinued Operations    
Earnings per Share - Basic 2.63p
1.81p		 2.06p
2.43p
Earnings per Share - Diluted 2.63p
1.81p		 2.06p
2.43p
Earnings per Share - Adjusted 2.10p 2.52p
Earnings per Share Growth - Basic 28%
-25%		 n/a
n/a
Earnings per Share Growth - Diluted 28%
-25%		 n/a
n/a
Earnings per Share Growth - Adjusted -17% n/a
PE Ratio - Diluted 11.6
16.8		 10.0
8.4
PEG - Diluted 0.4
n/a		 n/a
n/a
Dividend Cover 1.35
1.17		 1.68
1.62
Return on Equity (ROE) 10.61%
7.42%		 9.04%
10.88%
Operating Cash Flow per Share 2.09p 1.52p
Gross Cash Flow per Share cn/a cn/a
Cash Incr/Decr per Share (0.35p) (0.21p)
Capital Expenditure per Share n/a n/a
Dividend per Share 1.55p 1.50p
Dividend per Share Growth 3.33% n/a
Dividend Yield 5.1% 7.3%
Shareholders Funds 27.24 24.96
Net Borrowings £ (Millions) 6.95 7.33
Net Asset Value per Share (inc. Intangibles) 0.72p (1.56p)

  £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09
Shareholders' Funds inc Intangibles 27.24 24.96
Net Borrowings £ (Millions) 6.95 7.33
Net Gearing 25.52% 29.37%
Cash & Near Cash 0.14 0.54
Cash 0.51% 2.15%
Gross Borrowings 7.09 7.87
Gross Gearing 26.03% 31.51%
Borrowings Under 5 years 7.09 7.87
Under 5 years 26.03% 31.51%
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 0.83 (1.80)
Net Borrowings £ (Millions) 6.95 7.33
Net Gearing 838.36% n/a
Cash & Near Cash 0.14 0.54
Cash 16.65% (29.79%)
Gross Borrowings 7.09 7.87
Gross Gearing 855.01% 437.24%
Borrowings Under 5 years 7.09 7.87
Under 5 years 855.01% (437.24%)
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 0.88 0.86
Current Ratio 1.11 1.11

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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