£ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Annualisation Factor | 1.0 | 1.0 | 1.0 |
Dividend Yield | 1.9% | 2.9% | 4.1% |
Continuing Operations | |||
PE Ratio - Adjusted | 15.4 | 25.0 | 5.1 |
PE Ratio - Diluted | 15.5 9.1 |
12.6 30.1 |
5.3 6.3 |
PEG - Adjusted | 0.1 | n/a | n/a |
PEG - Diluted | 0.5 0.0 |
n/a n/a |
n/a n/a |
Return on Capital Employed | 8.93% 12.99% |
7.92% 4.55% |
12.47% 11.04% |
Operating Margin | 48.22% 84.34% |
56.15% 26.69% |
80.60% 67.77% |
Continuing & Discontinued Operations | |||
PE Ratio - Adjusted | 15.4 | 25.3 | 2.6 |
PE Ratio - Diluted | 15.5 9.1 |
11.5 24.6 |
2.7 5.9 |
PEG - Adjusted | 0.1 | n/a | n/a |
PEG - Diluted | 0.8 0.0 |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Net Gearing | 0.01% | (5.00%) | (14.23%) |
£ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Price/Book Value | n/a | n/a | n/a |
Price/Tangible Book Value | n/a | n/a | n/a |
Price/ Cash Flow | n/a | n/a | n/a |
Price/Revenue | n/a | n/a | n/a |
Price/R&D | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 603.66p | 548.61p | 503.11p |
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 | 42.09 | 28.39 | 30.39 |
EBITDA | 22.88 38.08 |
18.46 10.09 |
26.55 22.65 |
Depreciation | (2.59) (2.59) |
(2.52) (2.52) |
(2.06) (2.06) |
Net Interest | (0.94) (0.94) |
(0.60) (0.60) |
(1.04) (1.04) |
Profit Before Tax | 32.48 47.69 |
25.36 14.31 |
35.58 31.68 |
Revenue per Share | 79.11p | 54.35p | 58.75p |
Pre-Tax Profit per Share | 61.05p 89.63p |
48.56p 27.39p |
68.78p 61.24p |
Market Capitalisation £ (Millions) | 259.00 | 161.59 | 103.64 |
Enterprise Value (EV) £ (Millions) | 302.25 | 180.22 | 121.56 |
EBITDA/EV | 7.57% 12.60% |
10.24% 5.60% |
21.84% 18.63% |
Operating Margin | 48.22% 84.34% |
56.15% 26.69% |
80.60% 67.77% |
Capital Employed £ (Millions) | 374.39 | 327.68 | 296.28 |
Return on Capital Employed | 8.93% 12.99% |
7.92% 4.55% |
12.47% 11.04% |
Invested Equity Capital £ (Millions) | 307.58 | 292.31 | 264.23 |
Earnings per Share - Basic | 41.17¢ 69.98¢ |
31.92¢ 13.36¢ |
48.88¢ 41.34¢ |
Earnings per Share - Diluted | 40.52¢ 68.88¢ |
31.01¢ 12.98¢ |
47.30¢ 40.00¢ |
Earnings per Share - Adjusted | 40.66¢ | 15.65¢ | 48.88¢ |
Earnings per Share Growth - Basic | 29% 424% |
-35% -68% |
n/a n/a |
Earnings per Share Growth - Diluted | 31% 431% |
-34% -68% |
n/a n/a |
Earnings per Share Growth - Adjusted | 160% | -68% | n/a |
PE Ratio - Diluted | 15.5 9.1 |
12.6 30.1 |
5.3 6.3 |
PEG - Diluted | 0.5 0.0 |
n/a n/a |
n/a n/a |
Tax Rate | 41.51% | 40.63% | 27.68% |
Dividend Cover | 3.47 5.98 |
1.38 1.18 |
4.77 4.04 |
Interest Cover | 20.72 29.95 |
21.69 12.67 |
18.30 16.40 |
Continuing & Discontinued Operations | |||
Earnings per Share - Basic | 41.17¢ 69.98¢ |
34.94¢ 16.38¢ |
96.26¢ 43.60¢ |
Earnings per Share - Diluted | 40.52¢ 68.88¢ |
33.94¢ 15.91¢ |
93.16¢ 42.19¢ |
Earnings per Share - Adjusted | 40.66¢ | 15.46¢ | 96.26¢ |
Earnings per Share Growth - Basic | 18% 327% |
-64% -62% |
n/a n/a |
Earnings per Share Growth - Diluted | 19% 333% |
-64% -62% |
n/a n/a |
Earnings per Share Growth - Adjusted | 163% | -84% | n/a |
PE Ratio - Diluted | 15.5 9.1 |
11.5 24.6 |
2.7 5.9 |
PEG - Diluted | 0.8 0.0 |
n/a n/a |
n/a n/a |
Dividend Cover | 3.47 5.98 |
1.37 1.45 |
9.40 4.26 |
Return on Equity (ROE) | 7.12% 12.11% |
6.24% 2.93% |
18.84% 8.53% |
Operating Cash Flow per Share | 36.49p | 23.57p | (42.00p) |
Gross Cash Flow per Share | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (7.44p) | (30.07p) | 54.95p |
Capital Expenditure per Share | n/a | n/a | n/a |
Dividend per Share | 11.71¢ | 11.32¢ | 10.24¢ |
Dividend per Share Growth | 3.46% | 10.53% | n/a |
Dividend Yield | 1.9% | 2.9% | 4.1% |
Shareholders Funds | 307.58 | 275.50 | 249.18 |
Net Borrowings £ (Millions) | 17.81 | (13.77) | (35.47) |
Net Asset Value per Share (inc. Intangibles) | 575.91p | 525.22p | 479.53p |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-10 | 31-Dec-09 | 31-Dec-08 |
Shareholders' Funds inc Intangibles | 307.58 | 275.50 | 249.18 |
Net Borrowings £ (Millions) | 17.81 | (13.77) | (35.47) |
Net Gearing | 0.01% | (5.00%) | (14.23%) |
Cash & Near Cash | 35.40 | 38.08 | 56.47 |
Cash | 11.51% | 13.82% | 22.66% |
Gross Borrowings | 53.20 | 24.31 | 21.00 |
Gross Gearing | 11.52% | 8.82% | 8.43% |
Borrowings Under 5 years | 53.20 | 24.31 | 21.00 |
Under 5 years | 17.30% | 8.82% | 8.43% |
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 | 306.42 | 274.34 | 248.02 |
Net Borrowings £ (Millions) | 17.81 | (13.77) | (35.47) |
Net Gearing | 0.01% | (5.02%) | (14.30%) |
Cash & Near Cash | 35.40 | 38.08 | 56.47 |
Cash | 11.55% | 13.88% | 22.77% |
Gross Borrowings | 53.20 | 24.31 | 21.00 |
Gross Gearing | 11.56% | 8.86% | 8.47% |
Borrowings Under 5 years | 53.20 | 24.31 | 21.00 |
Under 5 years | 17.36% | 8.86% | 8.47% |
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 | 1.51 | 1.93 | 2.50 |
Current Ratio | 1.68 | 2.20 | 2.90 |
* 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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