£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-23 | 25-Dec-22 | 26-Dec-21 | 27-Dec-20 | 29-Dec-19 |
Annualisation Factor | 1.0 | 1.0 | n/a | 1.0 | 1.0 |
Dividend Yield | 2.8% | 3.5% | 2.1% | 4.5% | 1.3% |
Continuing Operations | |||||
PE Ratio - Adjusted | 20.5 | 15.3 | 22.5 | 18.1 | 18.5 |
PE Ratio - Diluted | 13.5 20.5 |
15.4 15.3 |
23.3 22.6 |
18.6 11.9 |
25.4 16.5 |
PEG - Adjusted | n/a | n/a | 1.9 | 6.0 | 18.5 |
PEG - Diluted | 0.3 n/a |
n/a n/a |
2.1 n/a |
0.5 0.3 |
n/a 1.2 |
Return on Capital Employed | 186.50% 133.29% |
100.61% 100.61% |
0.78% 0.78% |
23.78% 33.74% |
43.46% 56.22% |
Operating Margin | 20.93% 14.96% |
16.48% 16.48% |
18.56% 18.56% |
21.07% 29.38% |
15.60% 20.30% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 20.5 | 15.3 | 2,227.4 | 18.1 | 18.5 |
PE Ratio - Diluted | 13.5 20.5 |
15.4 15.3 |
2,659.8 2,235.0 |
37.3 17.8 |
116.1 16.5 |
PEG - Adjusted | n/a | 0.0 | n/a | 6.0 | 18.5 |
PEG - Diluted | 0.3 n/a |
0.0 0.0 |
n/a n/a |
0.2 n/a |
n/a 1.2 |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-23 | 25-Dec-22 | 26-Dec-21 | 27-Dec-20 | 29-Dec-19 |
Net Gearing | n/a | n/a | n/a | 4,621.59% | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-23 | 25-Dec-22 | 26-Dec-21 | 27-Dec-20 | 29-Dec-19 |
Price/Book Value | (9.5) | (8.7) | (23.1) | (38.6) | (19.8) |
Price/Tangible Book Value | (9.5) | (8.7) | (23.1) | (70.0) | (23.4) |
Price/ Cash Flow | 13.6 | 14.7 | 18.4 | 13.5 | 24.9 |
Price/Revenue | 2.27 | 2.08 | 370.27 | 3.01 | 2.95 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | (39.67p) | (32.89p) | (19.75p) | (8.51p) | (16.47p) |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-23 | 25-Dec-22 | 26-Dec-21 | 27-Dec-20 | 29-Dec-19 |
Continuing Operations | |||||
Revenue | 679.80 | 600.30 | 5.66 | 505.10 | 508.30 |
EBITDA | 142.30 101.70 |
98.90 98.90 |
1.23 1.23 |
106.40 148.40 |
79.30 103.20 |
Depreciation | n/a n/a |
n/a n/a |
(0.18) (0.18) |
n/a n/a |
n/a n/a |
Net Interest | n/a n/a |
n/a n/a |
(0.05) (0.05) |
(7.50) (7.50) |
(6.30) (6.50) |
Profit Before Tax | 142.30 101.70 |
98.90 98.90 |
1.11 1.11 |
98.90 143.50 |
75.10 98.80 |
Revenue per Share | 165.64p | 138.25p | 1.23p | 109.33p | 110.42p |
Pre-Tax Profit per Share | 34.67p 24.78p |
22.78p 22.78p |
0.24p 0.24p |
21.41p 31.06p |
16.31p 21.46p |
Market Capitalisation £ (Millions) | 1,493.65 | 1,213.76 | 2,044.78 | 1,541.07 | 1,503.17 |
Enterprise Value (EV) £ (Millions) | 1,720.15 | 1,402.26 | 2,261.98 | 1,954.67 | 1,696.67 |
EBITDA/EV | 8.27% 5.91% |
7.05% 7.05% |
0.05% 0.05% |
5.44% 7.59% |
4.67% 6.08% |
Operating Margin | 20.93% 14.96% |
16.48% 16.48% |
18.56% 18.56% |
21.07% 29.38% |
15.60% 20.30% |
Capital Employed £ (Millions) | 76.30 | 98.30 | 148.70 | 447.50 | 187.30 |
Return on Capital Employed | 186.50% 133.29% |
100.61% 100.61% |
0.78% 0.78% |
23.78% 33.74% |
43.46% 56.22% |
Invested Equity Capital £ (Millions) | (125.20) | (95.10) | (41.80) | 25.50 | (15.70) |
Earnings per Share - Basic | 28.00p 18.45p |
18.80p 18.79p |
19.80p 20.34p |
17.80p 27.75p |
12.90p 19.85p |
Earnings per Share - Diluted | 27.90p 18.36p |
18.70p 18.71p |
19.60p 20.23p |
17.70p 27.55p |
12.80p 19.72p |
Earnings per Share - Adjusted | 18.40p | 18.80p | 20.30p | 18.20p | 17.60p |
Earnings per Share Growth - Basic | 49% -2% |
-5% -8% |
11% -27% |
38% 40% |
-15% 14% |
Earnings per Share Growth - Diluted | 49% -2% |
-5% -8% |
11% -27% |
38% 40% |
-15% 14% |
Earnings per Share Growth - Adjusted | -2% | -7% | 12% | 3% | 1% |
PE Ratio - Diluted | 13.5 20.5 |
15.4 15.3 |
23.3 22.6 |
18.6 11.9 |
25.4 16.5 |
PEG - Diluted | 0.3 n/a |
n/a n/a |
2.1 n/a |
0.5 0.3 |
n/a 1.2 |
Tax Rate | 19.18% | 17.49% | 21.38% | 16.89% | 21.64% |
Dividend Cover | 1.75 1.76 |
1.88 1.88 |
2.07 2.08 |
1.24 1.89 |
4.19 4.73 |
Interest Cover | n/a n/a |
n/a n/a |
6.63 6.63 |
5.52 7.55 |
10.51 14.53 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 28.00p 18.45p |
18.80p 18.79p |
0.17p 0.20p |
8.90p 18.55p |
2.80p 19.85p |
Earnings per Share - Diluted | 27.90p 18.36p |
18.70p 18.71p |
0.17p 0.20p |
8.80p 18.41p |
2.80p 19.72p |
Earnings per Share - Adjusted | 18.40p | 18.80p | 0.20p | 18.20p | 17.60p |
Earnings per Share Growth - Basic | 49% -2% |
10,792% 9,054% |
-98% -99% |
218% -7% |
-73% 14% |
Earnings per Share Growth - Diluted | 49% -2% |
10,798% 9,064% |
-98% -99% |
214% -7% |
-72% 14% |
Earnings per Share Growth - Adjusted | -2% | 9,075% | -99% | 3% | 1% |
PE Ratio - Diluted | 13.5 20.5 |
15.4 15.3 |
2,659.8 2,235.0 |
37.3 17.8 |
116.1 16.5 |
PEG - Diluted | 0.3 n/a |
0.0 0.0 |
n/a n/a |
0.2 n/a |
n/a 1.2 |
Dividend Cover | 1.75 1.76 |
1.88 1.88 |
0.02 0.02 |
1.24 1.27 |
4.19 4.73 |
Return on Equity (ROE) | (91.85%) (60.46%) |
(85.80%) (85.80%) |
(1.89%) (2.26%) |
161.18% 336.08% |
(83.44%) (582.17%) |
Operating Cash Flow per Share | 27.66p | 19.60p | 24.80p | 24.29p | 13.08p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 5.29p | (2.95p) | (0.062p) | 12.08p | (1.82p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 10.50p | 10.00p | 9.80p | 14.66p | 4.20p |
Dividend per Share Growth | 5.00% | 2.04% | (33.15%) | 249.05% | (55.79%) |
Dividend Yield | 2.8% | 3.5% | 2.1% | 4.5% | 1.3% |
Shareholders Funds | (134.00) | (112.80) | (58.60) | 8.80 | (29.60) |
Net Borrowings £ (Millions) | 178.20 | 193.00 | 179.80 | 406.70 | 238.10 |
Net Asset Value per Share (inc. Intangibles) | (39.67p) | (32.89p) | (19.75p) | (4.70p) | (13.92p) |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-23 | 25-Dec-22 | 26-Dec-21 | 27-Dec-20 | 29-Dec-19 |
Shareholders' Funds inc Intangibles | (134.00) | (112.80) | (58.60) | 8.80 | (29.60) |
Net Borrowings £ (Millions) | 178.20 | 193.00 | 179.80 | 406.70 | 238.10 |
Net Gearing | n/a | n/a | n/a | 4,621.59% | n/a |
Cash & Near Cash | 52.10 | 30.40 | 42.80 | 63.40 | 11.10 |
Cash | (38.88%) | (26.95%) | (73.04%) | 720.45% | (37.50%) |
Gross Borrowings | 230.30 | 223.40 | 222.60 | 470.10 | 249.20 |
Gross Gearing | 171.87% | 198.05% | 379.86% | 5,342.05% | 841.89% |
Borrowings Under 5 years | 230.30 | 223.40 | 222.60 | 470.10 | 249.20 |
Under 5 years | (171.87%) | (198.05%) | (379.86%) | 5,342.05% | (841.89%) |
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 | 25-Dec-22 | 26-Dec-21 | 27-Dec-20 | 29-Dec-19 |
Shareholders' Funds exc Intangibles | (162.80) | (142.80) | (90.70) | (21.70) | (64.10) |
Net Borrowings £ (Millions) | 178.20 | 193.00 | 179.80 | 406.70 | 238.10 |
Net Gearing | n/a | n/a | n/a | n/a | n/a |
Cash & Near Cash | 52.10 | 30.40 | 42.80 | 63.40 | 11.10 |
Cash | (32.00%) | (21.29%) | (47.19%) | (292.17%) | (17.32%) |
Gross Borrowings | 230.30 | 223.40 | 222.60 | 470.10 | 249.20 |
Gross Gearing | 141.46% | 156.44% | 245.42% | 2,166.36% | 388.77% |
Borrowings Under 5 years | 230.30 | 223.40 | 222.60 | 470.10 | 249.20 |
Under 5 years | (141.46%) | (156.44%) | (245.42%) | (2,166.36%) | (388.77%) |
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 | 25-Dec-22 | 26-Dec-21 | 27-Dec-20 | 29-Dec-19 |
Quick Ratio | 0.86 | 1.06 | 0.82 | 1.19 | 1.05 |
Current Ratio | 0.94 | 1.15 | 0.91 | 1.27 | 1.15 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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