Avingtrans (AVG)

Sector:

Engineering

Index:

FTSE AIM All-Share

 425.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 445.00
  • 52 Week Low: 330.00
  • Currency: UK Pounds
  • Shares Issued: 33.09m
  • Volume: 97,449
  • Market Cap: £140.63m
  • RiskGrade: 130

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-May-11 31-May-10 31-May-09 31-May-08
Annualisation Factor 1.0 1.0 1.0 1.0
Dividend Yield 0.7% 0.0% 0.0% 1.9%
         
Continuing Operations        
PE Ratio - Adjusted 10.4 11.2 5.6 8.9
PE Ratio - Diluted 11.8
12.5		 14.0
12.2		 6.9
5.9		 10.3
10.5
PEG - Adjusted 0.1 n/a n/a n/a
PEG - Diluted 0.1
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed 8.56%
8.23%		 4.01%
4.48%		 11.48%
12.30%		 15.57%
15.41%
Operating Margin 4.78%
4.59%		 2.77%
3.10%		 6.45%
6.91%		 6.23%
6.16%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 10.4 11.2 5.6 8.9
PE Ratio - Diluted 11.8
12.5		 14.0
12.2		 6.9
5.9		 10.3
10.5
PEG - Adjusted 0.1 n/a n/a n/a
PEG - Diluted 0.1
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-May-11 31-May-10 31-May-09 31-May-08
Net Gearing 28.93% 36.13% 48.17% 66.80%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-May-11 31-May-10 31-May-09 31-May-08
Price/Book Value 1.4 0.9 0.9 2.8
Price/Tangible Book Value 1.4 0.9 0.9 2.8
Price/ Cash Flow 5.6 2.4 (19.9) 10.0
Price/Revenue 0.41 0.30 0.20 0.28
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 41.73p 36.87p 40.51p 23.53p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-May-11 31-May-10 31-May-09 31-May-08
Continuing Operations        
Revenue 36.26 28.58 37.56 41.25
EBITDA 3.31
3.24		 2.52
2.61		 4.12
4.29		 4.08
4.05
Depreciation (1.57)
(1.57)		 (1.73)
(1.73)		 (1.70)
(1.70)		 (1.51)
(1.51)
Net Interest (0.31)
(0.31)		 (0.32)
(0.32)		 (0.59)
(0.59)		 (0.87)
(0.87)
Profit Before Tax 1.42
1.36		 0.47
0.56		 1.83
2.00		 1.69
1.67
         
Revenue per Share 142.30p 112.16p 171.24p 234.29p
Pre-Tax Profit per Share 5.58p
5.32p		 1.84p
2.21p		 8.34p
9.13p		 9.62p
9.47p
Market Capitalisation £ (Millions) 14.78 8.54 8.92 11.64
Enterprise Value (EV) £ (Millions) 22.99 17.40 19.38 22.79
EBITDA/EV 14.38%
14.09%		 14.47%
15.01%		 21.26%
22.15%		 17.91%
17.79%
Operating Margin 4.78%
4.59%		 2.77%
3.10%		 6.45%
6.91%		 6.23%
6.16%
Capital Employed £ (Millions) 20.24 19.74 21.10 16.49
Return on Capital Employed 8.56%
8.23%		 4.01%
4.48%		 11.48%
12.30%		 15.57%
15.41%
Invested Equity Capital £ (Millions) 24.13 23.10 22.50 17.17
         
Earnings per Share - Basic 4.90p
4.69p		 2.40p
2.75p		 5.10p
5.93p		 6.50p
6.35p
Earnings per Share - Diluted 4.90p
4.64p		 2.40p
2.75p		 5.10p
5.93p		 6.40p
6.29p
Earnings per Share - Adjusted 5.60p 3.00p 6.20p 7.40p
Earnings per Share Growth - Basic 104%
70%		 -53%
-54%		 -22%
-7%		 n/a
n/a
Earnings per Share Growth - Diluted 104%
69%		 -53%
-54%		 -20%
-6%		 n/a
n/a
Earnings per Share Growth - Adjusted 87% -52% -16% n/a
PE Ratio - Diluted 11.8
12.5		 14.0
12.2		 6.9
5.9		 10.3
10.5
PEG - Diluted 0.1
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 11.32% (29.15%) 38.33% 32.41%
Dividend Cover 14.00
11.71		 n/a
n/a		 n/a
n/a		 5.92
5.08
Interest Cover 5.59
5.37		 2.42
2.70		 4.07
4.36		 2.93
2.89
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 4.90p
4.69p		 2.40p
2.75p		 5.10p
5.93p		 6.50p
6.35p
Earnings per Share - Diluted 4.90p
4.64p		 2.40p
2.75p		 5.10p
5.93p		 6.40p
6.29p
Earnings per Share - Adjusted 5.60p 3.00p 6.20p 7.40p
Earnings per Share Growth - Basic 104%
70%		 -53%
-54%		 -22%
-7%		 n/a
n/a
Earnings per Share Growth - Diluted 104%
69%		 -53%
-54%		 -20%
-6%		 n/a
n/a
Earnings per Share Growth - Adjusted 87% -52% -16% n/a
PE Ratio - Diluted 11.8
12.5		 14.0
12.2		 6.9
5.9		 10.3
10.5
PEG - Diluted 0.1
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 14.00
11.71		 n/a
n/a		 n/a
n/a		 5.92
5.08
Return on Equity (ROE) 5.22%
4.95%		 2.63%
3.03%		 5.01%
5.78%		 6.67%
6.51%
Operating Cash Flow per Share 10.35p 13.81p (1.76p) 6.59p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.25p 3.85p 1.10p (7.09p)
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 0.40p n/a n/a 1.25p
Dividend per Share Growth n/a n/a n/a n/a
Dividend Yield 0.7% 0.0% 0.0% 1.9%
Shareholders Funds 22.86 21.69 21.07 16.17
Net Borrowings £ (Millions) 6.61 7.84 10.15 10.80
Net Asset Value per Share (inc. Intangibles) 41.73p 36.87p 40.51p 23.53p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-May-11 31-May-10 31-May-09 31-May-08
Shareholders' Funds inc Intangibles 22.86 21.69 21.07 16.17
Net Borrowings £ (Millions) 6.61 7.84 10.15 10.80
Net Gearing 28.93% 36.13% 48.17% 66.80%
Cash & Near Cash 1.72 1.10 0.63 0.55
Cash 7.51% 5.06% 3.01% 3.39%
Gross Borrowings 8.33 8.93 10.78 11.35
Gross Gearing 36.44% 41.19% 51.18% 70.19%
Borrowings Under 5 years 8.33 8.93 10.78 11.35
Under 5 years 36.44% 41.19% 51.18% 70.19%
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-May-11 31-May-10 31-May-09 31-May-08
Shareholders' Funds exc Intangibles 10.63 9.39 8.89 4.14
Net Borrowings £ (Millions) 6.61 7.84 10.15 10.80
Net Gearing 62.19% 83.41% 114.23% 260.77%
Cash & Near Cash 1.72 1.10 0.63 0.55
Cash 16.14% 11.68% 7.14% 13.23%
Gross Borrowings 8.33 8.93 10.78 11.35
Gross Gearing 78.33% 95.09% 121.36% 274.00%
Borrowings Under 5 years 8.33 8.93 10.78 11.35
Under 5 years 78.33% 95.09% 121.36% 274.00%
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-May-11 31-May-10 31-May-09 31-May-08
Quick Ratio 0.84 0.85 0.83 0.63
Current Ratio 1.45 1.50 1.42 1.16

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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