Savills (SVS)

Sector:

Real Estate

Index:

FTSE 250

1,154.00p
   
  • Change Today:
      26.00p
  • 52 Week High: 1,178.00
  • 52 Week Low: 763.50
  • Currency: UK Pounds
  • Shares Issued: 144.55m
  • Volume: 245,365
  • Market Cap: £1,668.05m
  • RiskGrade: 140

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.4% 4.3% 2.4% 1.8% 0.4%
           
Continuing Operations          
PE Ratio - Adjusted 17.6 8.7 12.1 16.8 14.6
PE Ratio - Diluted 33.6
21.6		 10.0
9.8		 14.1
13.2		 19.9
19.9		 19.3
15.7
PEG - Adjusted n/a n/a 0.1 n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a		 2.4
n/a
Return on Capital Employed 4.90%
8.87%		 16.64%
16.53%		 0.21%
0.23%		 9.82%
11.33%		 23.26%
26.68%
Operating Margin 2.48%
3.50%		 6.70%
6.84%		 8.57%
9.04%		 5.52%
5.52%		 6.66%
7.64%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.6 8.7 1,197.3 16.8 14.6
PE Ratio - Diluted 33.6
21.6		 10.0
13.3		 1,397.7
1,310.8		 19.9
19.9		 19.3
15.7
PEG - Adjusted n/a 0.0 n/a n/a 0.0
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.1
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 13.50% (3.88%) (7.69%) 21.78% 47.48%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 5.2 3.9 7.3 8.6 18.4
Price/Tangible Book Value 6.0 4.5 8.2 8.7 18.5
Price/ Cash Flow 70.0 6.9 6.5 5.5 16.3
Price/Revenue 0.59 0.49 90.57 0.76 0.81
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 186.46p 210.78p 193.11p 110.44p 61.81p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 2,238.00 2,298.30 21.67 1,740.50 1,913.40
EBITDA 55.40
78.30		 153.90
157.30		 2.64
2.74		 169.90
169.90		 127.40
146.10
Depreciation n/a
n/a		 n/a
n/a		 (0.78)
(0.78)		 (73.90)
(73.90)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 (0.14)
(0.14)		 (12.80)
(12.80)		 (11.80)
(11.80)
Profit Before Tax 55.40
78.30		 153.90
157.20		 1.85
1.95		 83.20
83.20		 115.60
134.30
           
Revenue per Share 1,646.80p 1,673.93p 15.55p 1,261.23p 1,399.71p
Pre-Tax Profit per Share 40.77p
57.62p		 112.09p
114.49p		 1.33p
1.40p		 60.29p
60.29p		 84.56p
98.24p
Market Capitalisation £ (Millions) 1,399.14 1,191.63 2,030.38 1,365.56 1,623.69
Enterprise Value (EV) £ (Millions) 1,989.24 1,823.23 2,654.98 2,029.16 2,060.89
EBITDA/EV 2.78%
3.94%		 8.44%
8.63%		 0.10%
0.10%		 8.37%
8.37%		 6.18%
7.09%
Operating Margin 2.48%
3.50%		 6.70%
6.84%		 8.57%
9.04%		 5.52%
5.52%		 6.66%
7.64%
Capital Employed £ (Millions) 882.90 950.90 924.40 847.50 547.70
Return on Capital Employed 4.90%
8.87%		 16.64%
16.53%		 0.21%
0.23%		 9.82%
11.33%		 23.26%
26.68%
Invested Equity Capital £ (Millions) 743.70 790.30 745.40 602.10 517.20
           
Earnings per Share - Basic 30.00p
46.87p		 87.00p
89.37p		 104.90p
111.84p		 49.00p
48.99p		 60.60p
74.32p
Earnings per Share - Diluted 28.80p
44.95p		 82.20p
84.50p		 99.80p
106.42p		 47.90p
47.91p		 58.80p
72.11p
Earnings per Share - Adjusted 55.10p 94.90p 116.50p 56.80p 78.00p
Earnings per Share Growth - Basic -66%
-48%		 -17%
-20%		 114%
128%		 -19%
-34%		 8%
-0%
Earnings per Share Growth - Diluted -65%
-47%		 -18%
-21%		 108%
122%		 -18%
-34%		 8%
-0%
Earnings per Share Growth - Adjusted -42% -18% 105% -27% 0%
PE Ratio - Diluted 33.6
21.6		 10.0
9.8		 14.1
13.2		 19.9
19.9		 19.3
15.7
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a		 2.4
n/a
Tax Rate 28.70% 22.16% 21.35% 18.27% 27.68%
Dividend Cover 2.42
2.06		 2.67
2.51		 3.39
3.26		 3.34
2.88		 15.76
15.01
Interest Cover n/a
n/a		 n/a
n/a		 12.97
13.60		 6.14
6.14		 7.32
8.34
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 30.00p
46.87p		 87.00p
65.84p		 1.06p
1.13p		 49.00p
48.99p		 60.60p
74.32p
Earnings per Share - Diluted 28.80p
44.95p		 82.20p
62.26p		 1.01p
1.07p		 47.90p
47.91p		 58.80p
72.11p
Earnings per Share - Adjusted 55.10p 94.90p 1.18p 56.80p 78.00p
Earnings per Share Growth - Basic -66%
-29%		 8,116%
5,732%		 -98%
-98%		 -19%
-34%		 332%
300%
Earnings per Share Growth - Diluted -65%
-28%		 8,060%
5,696%		 -98%
-98%		 -18%
-34%		 331%
299%
Earnings per Share Growth - Adjusted -42% 7,970% -98% -27% 301%
PE Ratio - Diluted 33.6
21.6		 10.0
13.3		 1,397.7
1,310.8		 19.9
19.9		 19.3
15.7
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.1
0.1
Dividend Cover 2.42
2.06		 2.67
1.85		 0.03
0.03		 3.34
2.88		 15.76
15.01
Return on Equity (ROE) 5.49%
8.57%		 11.01%
11.44%		 0.20%
0.21%		 11.23%
11.23%		 16.03%
19.64%
Operating Cash Flow per Share 13.83p 119.45p 217.15p 174.93p 69.79p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 102.28p (38.09p) 1.15p 92.46p (2.71p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 22.80p 35.60p 34.35p 17.00p 4.95p
Dividend per Share Growth (35.96%) 3.64% 102.06% 243.43% (68.27%)
Dividend Yield 2.4% 4.3% 2.4% 1.8% 0.4%
Shareholders Funds 717.90 768.10 724.20 580.90 502.50
Net Borrowings £ (Millions) 96.90 (29.80) (55.70) 126.50 238.60
Net Asset Value per Share (inc. Intangibles) 160.78p 183.69p 172.17p 109.93p 61.30p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 717.90 768.10 724.20 580.90 502.50
Net Borrowings £ (Millions) 96.90 (29.80) (55.70) 126.50 238.60
Net Gearing 13.50% (3.88%) (7.69%) 21.78% 47.48%
Cash & Near Cash 506.80 669.10 689.70 547.40 209.90
Cash 70.59% 87.11% 95.24% 94.23% 41.77%
Gross Borrowings 603.70 639.30 634.00 673.90 448.50
Gross Gearing 84.09% 83.23% 87.54% 116.01% 89.25%
Borrowings Under 5 years 603.70 639.30 634.00 673.90 448.50
Under 5 years 84.09% 83.23% 87.54% 116.01% 89.25%
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 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 218.50 252.20 240.00 151.70 83.80
Net Borrowings £ (Millions) 96.90 (29.80) (55.70) 126.50 238.60
Net Gearing 44.35% (11.82%) (23.21%) 83.39% 284.73%
Cash & Near Cash 506.80 669.10 689.70 547.40 209.90
Cash 231.95% 265.31% 287.38% 360.84% 250.48%
Gross Borrowings 603.70 639.30 634.00 673.90 448.50
Gross Gearing 276.29% 253.49% 264.17% 444.23% 535.20%
Borrowings Under 5 years 603.70 639.30 634.00 673.90 448.50
Under 5 years 276.29% 253.49% 264.17% 444.23% 535.20%
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 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 1.19 1.24 1.25 1.15 1.09

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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