Smiths News (SNWS)

Sector:

Support

Index:

FTSE Small Cap

52.80p
   
  • Change Today:
    -0.80p
  • 52 Week High: 55.80
  • 52 Week Low: 40.70
  • Currency: UK Pounds
  • Shares Issued: 247.66m
  • Volume: 422,376
  • Market Cap: £130.76m
  • RiskGrade: 190

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Aug-11 31-Aug-10 31-Aug-09
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 9.6% 7.3% 5.7%
       
Continuing Operations      
PE Ratio - Adjusted 5.4 6.9 8.7
PE Ratio - Diluted 7.0
5.4		 8.8
6.4		 12.1
8.0
PEG - Adjusted 0.9 1.2 n/a
PEG - Diluted 1.8
n/a		 0.5
1.3		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 2.08%
2.27%		 1.65%
2.02%		 1.53%
2.41%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 5.4 6.9 8.7
PE Ratio - Diluted 7.0
5.4		 8.8
6.4		 12.1
8.0
PEG - Adjusted 0.9 1.2 n/a
PEG - Diluted 1.8
n/a		 0.5
1.3		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Aug-11 31-Aug-10 31-Aug-09
Net Gearing n/a (76.92%) (72.37%)

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Aug-11 31-Aug-10 31-Aug-09
Price/Book Value (1.4) (2.2) (2.4)
Price/Tangible Book Value (1.4) (2.2) (2.4)
Price/ Cash Flow 5.4 6.6 6.1
Price/Revenue 0.08 0.09 0.15
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (53.53p) (41.58p) (45.18p)
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Aug-11 31-Aug-10 31-Aug-09
Continuing Operations      
Revenue 1,734.40 1,829.60 1,326.00
EBITDA 43.80
47.10		 38.30
45.20		 27.40
39.10
Depreciation (7.80)
(7.70)		 (8.20)
(8.20)		 (7.10)
(7.10)
Net Interest (4.20)
(4.20)		 (2.10)
(2.10)		 (1.90)
(1.90)
Profit Before Tax 32.10
35.50		 28.10
35.00		 18.40
30.10
       
Revenue per Share 956.12p 1,013.07p 738.72p
Pre-Tax Profit per Share 17.70p
19.57p		 15.56p
19.38p		 10.25p
16.77p
Market Capitalisation £ (Millions) 138.46 166.57 197.85
Enterprise Value (EV) £ (Millions) 205.16 217.67 251.65
EBITDA/EV 21.35%
22.96%		 17.60%
20.77%		 10.89%
15.54%
Operating Margin 2.08%
2.27%		 1.65%
2.02%		 1.53%
2.41%
Capital Employed £ (Millions) (20.60) (19.30) (20.70)
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) (51.20) (58.60) (61.80)
       
Earnings per Share - Basic 10.91p
14.17p		 10.55p
14.51p		 8.93p
13.59p
Earnings per Share - Diluted 10.73p
13.95p		 10.37p
14.25p		 8.93p
13.59p
Earnings per Share - Adjusted 13.97p 13.16p 12.44p
Earnings per Share Growth - Basic 3%
-2%		 18%
7%		 n/a
n/a
Earnings per Share Growth - Diluted 4%
-2%		 16%
5%		 n/a
n/a
Earnings per Share Growth - Adjusted 6% 6% n/a
PE Ratio - Diluted 7.0
5.4		 8.8
6.4		 12.1
8.0
PEG - Diluted 1.8
n/a		 0.5
1.3		 n/a
n/a
Tax Rate 32.08% 24.64% 3.80%
Dividend Cover 1.94
1.96		 1.97
2.17		 2.03
2.22
Interest Cover 8.47
9.26		 9.78
11.94		 6.94
10.71
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 10.91p
14.17p		 10.55p
14.51p		 8.93p
13.59p
Earnings per Share - Diluted 10.73p
13.95p		 10.37p
14.25p		 8.93p
13.59p
Earnings per Share - Adjusted 13.97p 13.16p 12.44p
Earnings per Share Growth - Basic 3%
-2%		 18%
7%		 n/a
n/a
Earnings per Share Growth - Diluted 4%
-2%		 16%
5%		 n/a
n/a
Earnings per Share Growth - Adjusted 6% 6% n/a
PE Ratio - Diluted 7.0
5.4		 8.8
6.4		 12.1
8.0
PEG - Diluted 1.8
n/a		 0.5
1.3		 n/a
n/a
Dividend Cover 1.94
1.96		 1.97
2.17		 2.03
2.22
Return on Equity (ROE) (42.77%)
(50.20%)		 (36.18%)
(44.71%)		 (28.64%)
(39.48%)
Operating Cash Flow per Share 13.89p 13.68p 17.77p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share 0.11p (0.17p) 0.50p
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 7.21p 6.67p 6.13p
Dividend per Share Growth 8.11% 8.82% n/a
Dividend Yield 9.6% 7.3% 5.7%
Shareholders Funds (60.20) (62.40) (68.40)
Net Borrowings £ (Millions) 63.30 48.00 49.50
Net Asset Value per Share (inc. Intangibles) (53.53p) (41.58p) (45.18p)

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Aug-11 31-Aug-10 31-Aug-09
Shareholders' Funds inc Intangibles (60.20) (62.40) (68.40)
Net Borrowings £ (Millions) 63.30 48.00 49.50
Net Gearing n/a (76.92%) (72.37%)
Cash & Near Cash 4.20 4.00 4.30
Cash (6.98%) (6.41%) (6.29%)
Gross Borrowings 67.50 52.00 53.80
Gross Gearing 112.13% 83.33% 78.65%
Borrowings Under 5 years 67.50 52.00 53.80
Under 5 years (112.13%) (83.33%) (78.65%)
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-Aug-11 31-Aug-10 31-Aug-09
Shareholders' Funds exc Intangibles (97.10) (75.10) (81.10)
Net Borrowings £ (Millions) 63.30 48.00 49.50
Net Gearing (65.19%) (63.91%) (61.04%)
Cash & Near Cash 4.20 4.00 4.30
Cash (4.33%) (5.33%) (5.30%)
Gross Borrowings 67.50 52.00 53.80
Gross Gearing 69.52% 69.24% 66.34%
Borrowings Under 5 years 67.50 52.00 53.80
Under 5 years (69.52%) (69.24%) (66.34%)
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Cover 31-Aug-11 31-Aug-10 31-Aug-09
Quick Ratio 0.52 0.44 0.56
Current Ratio 0.68 0.60 0.70

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.

 

Top of Page