M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

806.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 900.00
  • 52 Week Low: 670.00
  • Currency: UK Pounds
  • Shares Issued: 53.16m
  • Volume: 21,790
  • Market Cap: £428.46m
  • RiskGrade: 143

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 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

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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