Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

 3,455.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 4,370.00
  • 52 Week Low: 3,070.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 0
  • Market Cap: £2,514.84m
  • RiskGrade: 147
  • Beta: 1.21

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 2.1% 2.0% 2.0% 1.3% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted 27.8 25.2 19.2 37.3 78.9
PE Ratio - Diluted 27.8
27.8		 24.4
25.3		 21.6
19.9		 32.2
40.5		 10,060.0
149.7
PEG - Adjusted n/a n/a 0.5 0.2 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 2.7
0.4		 0.0
0.1		 n/a
n/a
Return on Capital Employed 12.40%
12.40%		 15.21%
14.76%		 18.22%
19.43%		 0.20%
0.17%		 1.35%
5.85%
Operating Margin 15.72%
15.72%		 19.53%
18.94%		 21.35%
23.06%		 24.46%
20.96%		 1.23%
5.90%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 27.8 25.2 19.2 3,697.1 78.9
PE Ratio - Diluted 27.8
27.8		 24.4
25.3		 21.6
19.9		 3,185.5
3,873.8		 10,060.0
149.7
PEG - Adjusted n/a n/a 0.0 n/a 1.1
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.0		 11.1
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Net Gearing (22.06%) (21.52%) (16.78%) (10.65%) (15.65%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Price/Book Value 3.1 3.3 3.4 5.4 5.8
Price/Tangible Book Value 3.1 3.3 3.4 5.4 5.8
Price/ Cash Flow 21.7 33.7 21.4 26.5 28.0
Price/Revenue 3.89 4.12 3.87 628.00 5.74
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,176.41p 1,169.13p 1,059.38p 906.22p 691.82p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Continuing Operations          
Revenue 691.30 688.57 671.08 5.71 510.21
EBITDA 141.49
141.49		 166.37
162.29		 182.37
193.87		 1.79
1.59		 55.30
79.10
Depreciation (32.83)
(32.83)		 (31.88)
(31.88)		 (39.12)
(39.12)		 (0.39)
(0.39)		 (49.01)
(49.01)
Net Interest 10.05
10.05		 7.81
7.81		 (2.01)
(2.01)		 (0.01)
(0.01)		 (3.93)
(3.93)
Profit Before Tax 122.59
122.59		 145.07
140.98		 145.59
155.39		 1.41
1.18		 3.21
27.01
           
Revenue per Share 950.64p 946.89p 922.13p 7.84p 701.04p
Pre-Tax Profit per Share 168.59p
168.59p		 199.49p
193.87p		 200.05p
213.53p		 1.93p
1.61p		 4.41p
37.11p
Market Capitalisation £ (Millions) 2,693.18 2,840.21 2,597.10 3,585.56 2,929.01
Enterprise Value (EV) £ (Millions) 2,673.01 2,824.84 2,496.45 3,431.04 2,899.73
EBITDA/EV 5.29%
5.29%		 5.89%
5.74%		 7.31%
7.77%		 0.05%
0.05%		 1.91%
2.73%
Operating Margin 15.72%
15.72%		 19.53%
18.94%		 21.35%
23.06%		 24.46%
20.96%		 1.23%
5.90%
Capital Employed £ (Millions) 907.62 902.29 810.03 689.95 528.71
Return on Capital Employed 12.40%
12.40%		 15.21%
14.76%		 18.22%
19.43%		 0.20%
0.17%		 1.35%
5.85%
Invested Equity Capital £ (Millions) 937.00 936.00 838.56 714.31 547.94
           
Earnings per Share - Basic 133.20p
133.24p		 159.70p
154.04p		 165.40p
178.85p		 153.20p
121.55p		 0.40p
26.88p
Earnings per Share - Diluted 133.20p
133.24p		 159.70p
154.04p		 165.40p
178.85p		 153.20p
121.55p		 0.40p
26.88p
Earnings per Share - Adjusted 133.20p 155.10p 185.50p 132.00p 51.00p
Earnings per Share Growth - Basic -17%
-14%		 -3%
-14%		 8%
47%		 38,200%
352%		 -100%
-79%
Earnings per Share Growth - Diluted -17%
-14%		 -3%
-14%		 8%
47%		 38,200%
352%		 -100%
-79%
Earnings per Share Growth - Adjusted -14% -16% 40% 159% -58%
PE Ratio - Diluted 27.8
27.8		 24.4
25.3		 21.6
19.9		 32.2
40.5		 10,060.0
149.7
PEG - Diluted n/a
n/a		 n/a
n/a		 2.7
0.4		 0.0
0.1		 n/a
n/a
Tax Rate 21.65% 20.35% 17.87% 20.31% 123.26%
Dividend Cover 1.75
1.75		 2.04
2.02		 2.56
2.46		 2.00
1.84		 n/a
n/a
Interest Cover 54.56
54.56		 78.95
76.76		 50.55
53.89		 35.94
30.18		 1.66
6.58
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 133.20p
133.24p		 159.70p
154.04p		 165.40p
178.85p		 1.55p
1.27p		 0.40p
26.88p
Earnings per Share - Diluted 133.20p
133.24p		 159.70p
154.04p		 165.40p
178.85p		 1.55p
1.27p		 0.40p
26.88p
Earnings per Share - Adjusted 133.20p 155.10p 185.50p 1.33p 51.00p
Earnings per Share Growth - Basic -17%
-14%		 -3%
-14%		 10,596%
13,965%		 287%
-95%		 -99%
-16%
Earnings per Share Growth - Diluted -17%
-14%		 -3%
-14%		 10,596%
13,965%		 287%
-95%		 -99%
-16%
Earnings per Share Growth - Adjusted -14% -16% 13,822% -97% 70%
PE Ratio - Diluted 27.8
27.8		 24.4
25.3		 21.6
19.9		 3,185.5
3,873.8		 10,060.0
149.7
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.0		 11.1
n/a		 n/a
n/a
Dividend Cover 1.75
1.75		 2.04
2.02		 2.56
2.46		 0.02
0.02		 n/a
n/a
Return on Equity (ROE) 10.34%
10.34%		 12.40%
11.97%		 14.35%
15.52%		 0.16%
0.13%		 0.05%
3.57%
Operating Cash Flow per Share 170.63p 115.92p 166.92p 185.89p 143.80p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 54.83p (98.70p) 80.98p (0.23p) 76.34p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 76.20p 76.20p 72.60p 66.00p n/a
Dividend per Share Growth n/a 4.96% 10.00% n/a n/a
Dividend Yield 2.1% 2.0% 2.0% 1.3% 0.0%
Shareholders Funds 903.40 897.23 815.75 703.91 547.44
Net Borrowings £ (Millions) (199.29) (193.06) (136.90) (75.00) (85.68)
Net Asset Value per Share (inc. Intangibles) 1,177.20p 1,169.93p 1,060.17p 907.01p 692.61p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Shareholders' Funds inc Intangibles 903.40 897.23 815.75 703.91 547.44
Net Borrowings £ (Millions) (199.29) (193.06) (136.90) (75.00) (85.68)
Net Gearing (22.06%) (21.52%) (16.78%) (10.65%) (15.65%)
Cash & Near Cash 217.84 206.39 153.16 95.01 110.39
Cash 24.11% 23.00% 18.78% 13.50% 20.16%
Gross Borrowings 18.54 13.33 16.26 20.01 24.71
Gross Gearing 2.05% 1.49% 1.99% 2.84% 4.51%
Borrowings Under 5 years 18.54 13.33 16.26 20.01 24.71
Under 5 years 2.05% 1.49% 1.99% 2.84% 4.51%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Shareholders' Funds exc Intangibles 856.06 850.77 771.53 660.11 504.08
Net Borrowings £ (Millions) (199.29) (193.06) (136.90) (75.00) (85.68)
Net Gearing (23.28%) (22.69%) (17.74%) (11.36%) (17.00%)
Cash & Near Cash 217.84 206.39 153.16 95.01 110.39
Cash 25.45% 24.26% 19.85% 14.39% 21.90%
Gross Borrowings 18.54 13.33 16.26 20.01 24.71
Gross Gearing 2.17% 1.57% 2.11% 3.03% 4.90%
Borrowings Under 5 years 18.54 13.33 16.26 20.01 24.71
Under 5 years 2.17% 1.57% 2.11% 3.03% 4.90%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Quick Ratio 4.21 3.79 3.23 3.69 2.88
Current Ratio 5.81 5.60 4.45 4.79 4.01

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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