Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,245.00p
   
  • Change Today:
      50.00p
  • 52 Week High: 4,370.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 57,473
  • Market Cap: £3,089.87m
  • RiskGrade: 147

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.2
Dividend Yield 2.0% 2.0% 1.3% 0.0% 1.4%
           
Continuing Operations          
PE Ratio - Adjusted 25.2 19.2 37.3 78.9 35.5
PE Ratio - Diluted 24.4
24.6		 21.6
19.9		 32.2
40.5		 10,060.0
149.7		 33.6
33.3
PEG - Adjusted n/a 0.5 0.2 n/a n/a
PEG - Diluted n/a
n/a		 2.7
0.4		 0.0
0.1		 n/a
n/a		 n/a
n/a
Return on Capital Employed 15.21%
15.13%		 18.22%
19.43%		 0.20%
0.17%		 1.35%
5.85%		 4.84%
4.89%
Operating Margin 19.53%
19.43%		 21.35%
23.06%		 24.46%
20.96%		 1.23%
5.90%		 17.39%
17.59%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 25.2 19.2 3,697.1 78.9 142.1
PE Ratio - Diluted 24.4
24.6		 21.6
19.9		 3,185.5
3,873.8		 10,060.0
149.7		 134.5
133.1
PEG - Adjusted n/a 0.0 n/a 1.1 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 11.1
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Net Gearing (7.59%) (16.78%) (10.65%) (15.65%) (7.52%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Price/Book Value 3.3 3.4 5.4 5.8 5.9
Price/Tangible Book Value 3.3 3.4 5.4 5.8 5.9
Price/ Cash Flow 33.7 21.4 26.5 28.0 29.1
Price/Revenue 4.12 3.87 628.00 5.74 21.61
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,169.13p 1,059.38p 906.22p 691.82p 720.29p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
Revenue 688.57 671.08 5.71 510.21 143.39
EBITDA 166.37
165.65		 182.37
193.87		 1.79
1.59		 55.30
79.10		 34.74
35.03
Depreciation (31.88)
(31.88)		 (39.12)
(39.12)		 (0.39)
(0.39)		 (49.01)
(49.01)		 (9.81)
(9.81)
Net Interest 7.81
7.81		 (2.01)
(2.01)		 (0.01)
(0.01)		 (3.93)
(3.93)		 1.58
1.58
Profit Before Tax 145.07
144.35		 145.59
155.39		 1.41
1.18		 3.21
27.01		 27.47
27.75
           
Revenue per Share 946.89p 922.13p 7.84p 701.04p 197.02p
Pre-Tax Profit per Share 199.49p
198.50p		 200.05p
213.53p		 1.93p
1.61p		 4.41p
37.11p		 37.74p
38.14p
Market Capitalisation £ (Millions) 2,840.21 2,597.10 3,585.56 2,929.01 3,099.34
Enterprise Value (EV) £ (Millions) 2,702.74 2,496.45 3,431.04 2,899.73 3,031.19
EBITDA/EV 6.16%
6.13%		 7.31%
7.77%		 0.05%
0.05%		 1.91%
2.73%		 1.15%
1.16%
Operating Margin 19.53%
19.43%		 21.35%
23.06%		 24.46%
20.96%		 1.23%
5.90%		 17.39%
17.59%
Capital Employed £ (Millions) 902.29 810.03 689.95 528.71 535.16
Return on Capital Employed 15.21%
15.13%		 18.22%
19.43%		 0.20%
0.17%		 1.35%
5.85%		 4.84%
4.89%
Invested Equity Capital £ (Millions) 936.00 838.56 714.31 547.94 584.39
           
Earnings per Share - Basic 159.70p
158.67p		 165.40p
178.85p		 153.20p
121.55p		 0.40p
26.88p		 126.70p
128.01p
Earnings per Share - Diluted 159.70p
158.67p		 165.40p
178.85p		 153.20p
121.55p		 0.40p
26.88p		 126.70p
128.01p
Earnings per Share - Adjusted 155.10p 185.50p 132.00p 51.00p 119.90p
Earnings per Share Growth - Basic -3%
-11%		 8%
47%		 38,200%
352%		 -100%
-79%		 -24%
-24%
Earnings per Share Growth - Diluted -3%
-11%		 8%
47%		 38,200%
352%		 -100%
-79%		 -24%
-24%
Earnings per Share Growth - Adjusted -16% 40% 159% -58% -28%
PE Ratio - Diluted 24.4
24.6		 21.6
19.9		 32.2
40.5		 10,060.0
149.7		 33.6
33.3
PEG - Diluted n/a
n/a		 2.7
0.4		 0.0
0.1		 n/a
n/a		 n/a
n/a
Tax Rate 20.35% 17.87% 20.31% 123.26% 17.28%
Dividend Cover 2.04
2.08		 2.56
2.46		 2.00
1.84		 n/a
n/a		 2.00
2.13
Interest Cover 78.95
78.56		 50.55
53.89		 35.94
30.18		 1.66
6.58		 122.88
124.17
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 159.70p
158.67p		 165.40p
178.85p		 1.55p
1.27p		 0.40p
26.88p		 31.65p
31.98p
Earnings per Share - Diluted 159.70p
158.67p		 165.40p
178.85p		 1.55p
1.27p		 0.40p
26.88p		 31.65p
31.98p
Earnings per Share - Adjusted 155.10p 185.50p 1.33p 51.00p 29.95p
Earnings per Share Growth - Basic -3%
-11%		 10,596%
13,965%		 287%
-95%		 -99%
-16%		 -81%
-81%
Earnings per Share Growth - Diluted -3%
-11%		 10,596%
13,965%		 287%
-95%		 -99%
-16%		 -81%
-81%
Earnings per Share Growth - Adjusted -16% 13,822% -97% 70% -82%
PE Ratio - Diluted 24.4
24.6		 21.6
19.9		 3,185.5
3,873.8		 10,060.0
149.7		 134.5
133.1
PEG - Diluted n/a
n/a		 0.0
0.0		 11.1
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 2.04
2.08		 2.56
2.46		 0.02
0.02		 n/a
n/a		 0.50
0.53
Return on Equity (ROE) 12.40%
12.33%		 14.35%
15.52%		 0.16%
0.13%		 0.05%
3.57%		 3.94%
3.98%
Operating Cash Flow per Share 115.92p 166.92p 185.89p 143.80p 146.32p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (98.70p) 80.98p (0.23p) 76.34p (17.27p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 76.20p 72.60p 66.00p n/a 60.00p
Dividend per Share Growth 4.96% 10.00% n/a n/a 29.03%
Dividend Yield 2.0% 2.0% 1.3% 0.0% 1.4%
Shareholders Funds 897.23 815.75 703.91 547.44 583.85
Net Borrowings £ (Millions) (68.06) (136.90) (75.00) (85.68) (43.93)
Net Asset Value per Share (inc. Intangibles) 1,169.93p 1,060.17p 907.01p 692.61p 721.09p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds inc Intangibles 897.23 815.75 703.91 547.44 583.85
Net Borrowings £ (Millions) (68.06) (136.90) (75.00) (85.68) (43.93)
Net Gearing (7.59%) (16.78%) (10.65%) (15.65%) (7.52%)
Cash & Near Cash 81.39 153.16 95.01 110.39 54.33
Cash 9.07% 18.78% 13.50% 20.16% 9.30%
Gross Borrowings 13.33 16.26 20.01 24.71 10.40
Gross Gearing 1.49% 1.99% 2.84% 4.51% 1.78%
Borrowings Under 5 years 13.33 16.26 20.01 24.71 10.40
Under 5 years 1.49% 1.99% 2.84% 4.51% 1.78%
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-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds exc Intangibles 850.77 771.53 660.11 504.08 524.80
Net Borrowings £ (Millions) (68.06) (136.90) (75.00) (85.68) (43.93)
Net Gearing (8.00%) (17.74%) (11.36%) (17.00%) (8.37%)
Cash & Near Cash 81.39 153.16 95.01 110.39 54.33
Cash 9.57% 19.85% 14.39% 21.90% 10.35%
Gross Borrowings 13.33 16.26 20.01 24.71 10.40
Gross Gearing 1.57% 2.11% 3.03% 4.90% 1.98%
Borrowings Under 5 years 13.33 16.26 20.01 24.71 10.40
Under 5 years 1.57% 2.11% 3.03% 4.90% 1.98%
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-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Quick Ratio 3.79 3.23 3.69 2.88 2.87
Current Ratio 5.60 4.45 4.79 4.01 4.22

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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