Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

485.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 490.00
  • 52 Week Low: 276.00
  • Currency: UK Pounds
  • Shares Issued: 48.85m
  • Volume: 30,405
  • Market Cap: £236.90m
  • RiskGrade: 186

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 3.3% 4.9% 7.6%
       
Continuing Operations      
PE Ratio - Adjusted 14.0 13.5 7.2
PE Ratio - Diluted 12.4
16.5		 15.9
13.9		 7.3
7.3
PEG - Adjusted 0.3 n/a n/a
PEG - Diluted 0.1
0.5		 n/a
n/a		 n/a
n/a
Return on Capital Employed 17.94%
13.21%		 9.59%
10.85%		 12.26%
12.25%
Operating Margin 14.85%
12.10%		 9.45%
10.74%		 11.58%
11.58%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 14.0 13.5 7.2
PE Ratio - Diluted 12.4
14.4		 15.9
13.9		 7.3
7.3
PEG - Adjusted 0.3 n/a n/a
PEG - Diluted 0.1
0.3		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09 31-Dec-08
Net Gearing (6.04%) 1.55% 3.94%

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Price/Book Value 1.8 1.2 0.7
Price/Tangible Book Value 2.1 1.2 0.7
Price/ Cash Flow 8.5 5.8 4.3
Price/Revenue 1.31 1.05 0.62
Price/R&D 59.8 43.2 29.6
Net Asset Value per Share (exc. Intangibles) 80.13p 75.84p 79.94p
Net Cash per Share 2.38p 2.13p 2.01p

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09 31-Dec-08
Continuing Operations      
Revenue 39.88 31.82 34.78
EBITDA 8.67
7.57		 5.90
6.31		 6.93
6.93
Depreciation (2.75)
(2.75)		 (2.89)
(2.89)		 (2.90)
(2.90)
Net Interest (0.21)
(0.21)		 (0.36)
(0.36)		 (0.07)
(0.07)
Profit Before Tax 5.32
4.23		 2.75
3.16		 3.93
3.93
       
Revenue per Share 108.58p 87.40p 95.55p
Pre-Tax Profit per Share 14.50p
11.51p		 7.55p
8.67p		 10.80p
10.80p
Market Capitalisation £ (Millions) 54.57 35.23 22.48
Enterprise Value (EV) £ (Millions) 57.43 38.64 24.06
EBITDA/EV 15.10%
13.19%		 15.27%
16.33%		 28.79%
28.79%
Operating Margin 14.85%
12.10%		 9.45%
10.74%		 11.58%
11.58%
Capital Employed £ (Millions) 33.61 32.39 32.65
Return on Capital Employed 17.94%
13.21%		 9.59%
10.85%		 12.26%
12.25%
Invested Equity Capital £ (Millions) 32.06 29.06 31.19
       
Earnings per Share - Basic 11.80p
8.86p		 5.90p
6.78p		 8.30p
8.26p
Earnings per Share - Diluted 11.50p
8.63p		 5.80p
6.60p		 8.10p
8.13p
Earnings per Share - Adjusted 10.20p 6.80p 8.30p
Earnings per Share Growth - Basic 100%
31%		 -29%
-18%		 n/a
n/a
Earnings per Share Growth - Diluted 98%
31%		 -28%
-19%		 n/a
n/a
Earnings per Share Growth - Adjusted 50% -18% n/a
PE Ratio - Diluted 12.4
16.5		 15.9
13.9		 7.3
7.3
PEG - Diluted 0.1
0.5		 n/a
n/a		 n/a
n/a
Tax Rate 19.00% 22.05% 23.37%
Dividend Cover 2.19
1.91		 1.51
1.51		 1.84
1.84
Interest Cover 5.01
4.18		 3.35
3.70		 50.14
50.14
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 11.80p
10.15p		 5.90p
6.78p		 8.30p
8.26p
Earnings per Share - Diluted 11.50p
9.89p		 5.80p
6.60p		 8.10p
8.13p
Earnings per Share - Adjusted 10.20p 6.80p 8.30p
Earnings per Share Growth - Basic 100%
50%		 -29%
-18%		 n/a
n/a
Earnings per Share Growth - Diluted 98%
50%		 -28%
-19%		 n/a
n/a
Earnings per Share Growth - Adjusted 50% -18% n/a
PE Ratio - Diluted 12.4
14.4		 15.9
13.9		 7.3
7.3
PEG - Diluted 0.1
0.3		 n/a
n/a		 n/a
n/a
Dividend Cover 2.19
2.18		 1.51
1.51		 1.84
1.84
Return on Equity (ROE) 15.05%
11.63%		 7.45%
8.49%		 9.64%
9.64%
Operating Cash Flow per Share 16.76p 15.96p 13.75p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share 4.30p 9.22p 0.041p
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 4.65p 4.50p 4.50p
Dividend per Share Growth 3.33% n/a n/a
Dividend Yield 3.3% 4.9% 7.6%
Shareholders Funds 30.75 27.68 29.22
Net Borrowings £ (Millions) (1.86) 0.43 1.15
Net Asset Value per Share (inc. Intangibles) 68.51p 75.84p 79.94p

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds inc Intangibles 30.75 27.68 29.22
Net Borrowings £ (Millions) (1.86) 0.43 1.15
Net Gearing (6.04%) 1.55% 3.94%
Cash & Near Cash 4.72 2.97 0.43
Cash 15.34% 10.75% 1.47%
Gross Borrowings 2.86 3.41 1.58
Gross Gearing 9.30% 12.30% 5.41%
Borrowings Under 5 years 2.86 3.41 1.58
Under 5 years 9.30% 12.30% 5.41%
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 25.16 27.61 29.10
Net Borrowings £ (Millions) (1.86) 0.43 1.15
Net Gearing (7.38%) 1.56% 3.96%
Cash & Near Cash 4.72 2.97 0.43
Cash 18.74% 10.78% 1.47%
Gross Borrowings 2.86 3.41 1.58
Gross Gearing 11.36% 12.33% 5.43%
Borrowings Under 5 years 2.86 3.41 1.58
Under 5 years 11.36% 12.33% 5.43%
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 2.01 1.80 1.18
Current Ratio 2.59 2.54 1.76

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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