Hikma Pharmaceuticals (HIK)

Sector:

Pharma and Biotech

Index:

FTSE 100

2,012.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 2,205.00
  • 52 Week Low: 1,722.00
  • Currency: UK Pounds
  • Shares Issued: 221.89m
  • Volume: 306,735
  • Market Cap: £4,464.33m
  • RiskGrade: 125

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.5
Dividend Yield 2.9% 1.9% 1.6% 1.8% 1.8%
           
Continuing Operations          
PE Ratio - Adjusted 10.8 14.3 18.3 16.6 15.6
PE Ratio - Diluted 23.2
10.8		 15.4
14.4		 17.5
19.3		 12.5
13.2		 18.5
17.3
PEG - Adjusted n/a 1.1 1.2 1.8 1.0
PEG - Diluted n/a
n/a		 n/a
0.8		 n/a
n/a		 0.2
0.3		 0.2
2.9
Return on Capital Employed 12.25%
17.15%		 0.24%
0.22%		 25.95%
22.82%		 24.55%
23.25%		 11.68%
13.54%
Operating Margin 7.19%
15.85%		 19.74%
20.88%		 24.78%
21.79%		 22.25%
21.07%		 17.87%
20.72%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.8 1,417.2 18.3 16.6 31.3
PE Ratio - Diluted 23.2
10.8		 1,527.7
1,429.4		 17.5
19.3		 12.5
13.2		 37.0
34.5
PEG - Adjusted 0.0 n/a 1.2 0.1 n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 47.45% 17.12% 28.52% 11.48% 21.42%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 457.14¢ 681.82¢ 538.98¢ 535.12¢ 386.31¢
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 2,517.00 25.77 2,341.00 2,207.00 1,035.00
EBITDA 221.00
439.00		 5.32
5.61		 717.00
647.00		 491.00
465.00		 185.00
214.50
Depreciation (40.00)
(40.00)		 (0.23)
(0.23)		 (137.00)
(137.00)		 n/a
n/a		 n/a
n/a
Net Interest 52.00
52.00		 0.39
0.39		 (22.00)
(22.00)		 n/a
n/a		 (38.50)
(25.50)
Profit Before Tax 233.00
451.00		 5.49
5.78		 558.00
488.00		 491.00
465.00		 146.50
189.00
           
Revenue per Share 1,123.66¢ 11.16¢ 991.95¢ 911.98¢ 429.46¢
Pre-Tax Profit per Share 104.02¢
201.34¢		 2.38¢
2.50¢		 236.44¢
206.78¢		 202.89¢
192.15¢		 60.79¢
78.42¢
Market Capitalisation $ (Millions) 3,415.47 5,136.94 6,127.10 4,824.57 4,143.37
Enterprise Value (EV) $ (Millions) 4,586.47 5,885.94 6,973.10 5,390.57 4,721.37
EBITDA/EV 4.82%
9.57%		 0.09%
0.10%		 10.28%
9.28%		 9.11%
8.63%		 3.92%
4.54%
Operating Margin 7.19%
15.85%		 19.74%
20.88%		 24.78%
21.79%		 22.25%
21.07%		 17.87%
20.72%
Capital Employed $ (Millions) 2,326.00 2,445.00 2,235.00 2,000.00 1,584.00
Return on Capital Employed 12.25%
17.15%		 0.24%
0.22%		 25.95%
22.82%		 24.55%
23.25%		 11.68%
13.54%
Invested Equity Capital $ (Millions) 2,154.00 2,477.00 2,166.00 2,137.00 1,701.00
           
Earnings per Share - Basic 84.00¢
181.25¢		 182.30¢
194.81¢		 182.60¢
164.90¢		 200.80¢
190.08¢		 117.00¢
125.31¢
Earnings per Share - Diluted 84.00¢
180.44¢		 180.70¢
193.13¢		 181.10¢
163.52¢		 200.00¢
189.30¢		 116.50¢
124.79¢
Earnings per Share - Adjusted 181.00¢ 194.80¢ 172.90¢ 150.40¢ 137.80¢
Earnings per Share Growth - Basic -54%
-7%		 -0%
18%		 -9%
-13%		 72%
52%		 76%
6%
Earnings per Share Growth - Diluted -54%
-7%		 -0%
18%		 -9%
-14%		 72%
52%		 76%
6%
Earnings per Share Growth - Adjusted -7% 13% 15% 9% 16%
PE Ratio - Diluted 23.2
10.8		 15.4
14.4		 17.5
19.3		 12.5
13.2		 18.5
17.3
PEG - Diluted n/a
n/a		 n/a
0.8		 n/a
n/a		 0.2
0.3		 0.2
2.9
Tax Rate 18.03% 22.84% 22.94% 0.81% 2.73%
Dividend Cover 3.23
3.24		 3.61
3.61		 3.46
3.30		 3.42
4.32		 3.63
3.30
Interest Cover 9.03
16.55		 19.13
20.10		 9.09
8.07		 8.33
7.94		 4.66
8.00
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 84.00¢
181.25¢		 1.84¢
1.97¢		 182.60¢
164.90¢		 200.80¢
190.08¢		 58.50¢
62.66¢
Earnings per Share - Diluted 84.00¢
180.44¢		 1.82¢
1.95¢		 181.10¢
163.52¢		 200.00¢
189.30¢		 58.25¢
62.40¢
Earnings per Share - Adjusted 181.00¢ 1.97¢ 172.90¢ 150.40¢ 68.90¢
Earnings per Share Growth - Basic 4,465%
9,118%		 -99%
-99%		 -9%
-13%		 243%
203%		 -12%
-52%
Earnings per Share Growth - Diluted 4,505%
9,156%		 -99%
-99%		 -9%
-14%		 243%
203%		 -12%
-52%
Earnings per Share Growth - Adjusted 9,105% -99% 15% 118% -42%
PE Ratio - Diluted 23.2
10.8		 1,527.7
1,429.4		 17.5
19.3		 12.5
13.2		 37.0
34.5
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a
Dividend Cover 3.23
3.24		 0.04
0.04		 3.46
3.30		 3.42
4.32		 1.81
1.65
Return on Equity (ROE) 8.73%
18.85%		 0.17%
0.18%		 19.90%
17.97%		 22.74%
21.53%		 8.29%
8.88%
Operating Cash Flow per Share 236.61¢ 276.19¢ 196.61¢ 195.04¢ 178.42¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (60.27¢) 0.49¢ (49.58¢) 68.59¢ 11.62¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 56.00¢ 54.00¢ 50.00¢ 44.00¢ 38.00¢
Dividend per Share Growth 3.70% 8.00% 13.64% 15.79% 15.15%
Dividend Yield 2.9% 1.9% 1.6% 1.8% 1.8%
Shareholders Funds 2,135.00 2,453.00 2,135.00 2,117.00 1,685.00
Net Borrowings $ (Millions) 1,013.00 420.00 609.00 243.00 361.00
Net Asset Value per Share (inc. Intangibles) 451.34¢ 675.76¢ 533.48¢ 530.16¢ 381.33¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 2,135.00 2,453.00 2,135.00 2,117.00 1,685.00
Net Borrowings $ (Millions) 1,013.00 420.00 609.00 243.00 361.00
Net Gearing 47.45% 17.12% 28.52% 11.48% 21.42%
Cash & Near Cash 270.00 426.00 323.00 442.00 276.00
Cash 12.65% 17.37% 15.13% 20.88% 16.38%
Gross Borrowings 1,283.00 846.00 932.00 685.00 637.00
Gross Gearing 60.09% 34.49% 43.65% 32.36% 37.80%
Borrowings Under 5 years 1,283.00 846.00 932.00 685.00 637.00
Under 5 years 60.09% 34.49% 43.65% 32.36% 37.80%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 1,011.00 1,561.00 1,259.00 1,283.00 919.00
Net Borrowings $ (Millions) 1,013.00 420.00 609.00 243.00 361.00
Net Gearing 100.20% 26.91% 48.37% 18.94% 39.28%
Cash & Near Cash 270.00 426.00 323.00 442.00 276.00
Cash 26.71% 27.29% 25.66% 34.45% 30.03%
Gross Borrowings 1,283.00 846.00 932.00 685.00 637.00
Gross Gearing 126.90% 54.20% 74.03% 53.39% 69.31%
Borrowings Under 5 years 1,283.00 846.00 932.00 685.00 637.00
Under 5 years 126.90% 54.20% 74.03% 53.39% 69.31%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 1.14 1.38 1.13 0.87 1.28
Current Ratio 1.86 2.06 1.87 1.26 1.87

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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