UK Commercial Property Reit Limited (UKCM)

Sector:

Real Estate

Index:

FTSE 250

 72.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 72.90
  • 52 Week Low: 48.40
  • Currency: UK Pounds
  • Shares Issued: 1,299.41m
  • Volume: 0
  • Market Cap: £947.27m
  • RiskGrade: 248

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 0.1
Dividend Yield 5.6% 3.9% 3.4% 4.1% 4.4%
           
Continuing Operations          
PE Ratio - Adjusted 18.5 28.2 25.5 25.4 27.5
PE Ratio - Diluted n/a
17.1		 4.1
28.2		 n/a
n/a		 683.1
25.4		 20.4
27.4
PEG - Adjusted 1.0 n/a n/a 1.6 n/a
PEG - Diluted n/a
0.6		 n/a
n/a		 n/a
n/a		 n/a
1.7		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin (318.93%)
79.48%		 417.45%
71.43%		 (3.22%)
67.12%		 14.00%
75.04%		 100.55%
71.81%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.5 2,792.6 25.5 25.4 274.7
PE Ratio - Diluted n/a
17.1		 407.1
2,788.9		 n/a
25.5		 683.1
25.4		 204.0
274.6
PEG - Adjusted 0.0 n/a n/a 0.0 n/a
PEG - Diluted n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.0		 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 25.18% 15.56% 6.66% 17.00% 17.00%

  £ (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 0.7 0.7 0.8 1.0 0.9
Price/Tangible Book Value 0.7 0.7 0.8 1.0 0.9
Price/ Cash Flow 14.6 25.6 28.7 36.0 23.5
Price/Revenue 11.34 1,649.23 13.87 16.08 164.04
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 79.71p 101.99p 86.73p 89.81p 93.32p
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 66.93 0.59 64.66 71.75 6.59
EBITDA (213.46)
53.20		 2.46
0.42		 (2.09)
43.40		 10.05
53.84		 6.63
4.73
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Net Interest (8.87)
(8.87)		 (0.07)
(0.07)		 (8.20)
(8.20)		 (8.36)
(8.36)		 (0.75)
(0.75)
Profit Before Tax (222.33)
44.33		 2.38
0.35		 (10.28)
(8.79)		 1.69
45.49		 5.88
3.99
           
Revenue per Share 5.15p 0.045p 4.98p 5.52p 0.51p
Pre-Tax Profit per Share (17.11p)
3.41p		 0.18p
0.027p		 (0.79p)
(0.68p)		 0.13p
3.50p		 0.45p
0.31p
Market Capitalisation £ (Millions) 758.86 970.66 896.59 1,153.88 1,081.11
Enterprise Value (EV) £ (Millions) 1,050.54 1,218.99 1,094.44 1,401.33 1,330.77
EBITDA/EV (20.32%)
5.06%		 0.20%
0.03%		 (0.19%)
3.97%		 0.72%
3.84%		 0.50%
0.36%
Operating Margin (318.93%)
79.48%		 417.45%
71.43%		 (3.22%)
67.12%		 14.00%
75.04%		 100.55%
71.81%
Capital Employed £ (Millions) 1,327.40 1,573.55 1,324.85 1,414.45 1,462.28
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 1,035.72 1,325.23 1,126.98 1,167.14 1,212.62
           
Earnings per Share - Basic (17.11p)
3.41p		 18.18p
2.65p		 (0.79p)
(0.68p)		 0.13p
3.50p		 4.08p
3.03p
Earnings per Share - Diluted (17.11p)
3.41p		 18.18p
2.65p		 (0.79p)
(0.68p)		 0.13p
3.50p		 4.08p
3.03p
Earnings per Share - Adjusted 3.15p 2.65p 2.71p 3.50p 3.03p
Earnings per Share Growth - Basic n/a
29%		 n/a
n/a		 n/a
n/a		 -97%
15%		 n/a
n/a
Earnings per Share Growth - Diluted n/a
29%		 n/a
n/a		 n/a
n/a		 -97%
15%		 n/a
n/a
Earnings per Share Growth - Adjusted 19% -2% -23% 16% n/a
PE Ratio - Diluted n/a
17.1		 4.1
28.2		 n/a
n/a		 683.1
25.4		 20.4
27.4
PEG - Diluted n/a
0.6		 n/a
n/a		 n/a
n/a		 n/a
1.7		 n/a
n/a
Tax Rate n/a n/a n/a 2.66% 9.91%
Dividend Cover 0.97
1.05		 0.91
0.91		 1.14
(0.29)		 0.95
0.95		 0.82
0.82
Interest Cover (23.22)
5.83		 33.44
5.73		 (0.25)
(0.07)		 1.20
6.44		 8.38
6.00
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (17.11p)
3.41p		 0.18p
0.027p		 (0.79p)
2.71p		 0.13p
3.50p		 0.41p
0.30p
Earnings per Share - Diluted (17.11p)
3.41p		 0.18p
0.027p		 (0.79p)
2.71p		 0.13p
3.50p		 0.41p
0.30p
Earnings per Share - Adjusted 3.15p 0.027p 2.71p 3.50p 0.30p
Earnings per Share Growth - Basic n/a
12,636%		 n/a
-99%		 n/a
-22%		 -68%
1,054%		 n/a
n/a
Earnings per Share Growth - Diluted n/a
12,636%		 n/a
-99%		 n/a
-22%		 -68%
1,054%		 n/a
n/a
Earnings per Share Growth - Adjusted 11,676% -99% -23% 1,056% n/a
PE Ratio - Diluted n/a
17.1		 407.1
2,788.9		 n/a
25.5		 683.1
25.4		 204.0
274.6
PEG - Diluted n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.0		 n/a
n/a
Dividend Cover 0.97
1.05		 0.01
0.01		 1.14
1.14		 0.95
0.95		 0.08
0.08
Return on Equity (ROE) (21.47%)
4.28%		 0.18%
0.03%		 (0.91%)
3.12%		 0.14%
3.89%		 0.44%
0.32%
Operating Cash Flow per Share 3.99p 2.92p 2.41p 2.47p 3.53p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.87p) (0.063p) 5.68p 0.42p (0.22p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 3.25p 2.92p 2.37p 3.68p 3.68p
Dividend per Share Growth 11.30% 23.15% (35.57%) n/a (29.90%)
Dividend Yield 5.6% 3.9% 3.4% 4.1% 4.4%
Shareholders Funds 1,035.72 1,325.23 1,126.98 1,167.14 1,212.62
Net Borrowings £ (Millions) 260.83 206.21 75.11 198.47 206.16
Net Asset Value per Share (inc. Intangibles) 79.71p 101.99p 86.73p 89.82p 93.32p

  £ (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 1,035.72 1,325.23 1,126.98 1,167.14 1,212.62
Net Borrowings £ (Millions) 260.83 206.21 75.11 198.47 206.16
Net Gearing 25.18% 15.56% 6.66% 17.00% 17.00%
Cash & Near Cash 30.86 42.12 122.74 48.98 43.51
Cash 2.98% 3.18% 10.89% 4.20% 3.59%
Gross Borrowings 291.69 248.33 197.85 247.45 249.66
Gross Gearing 28.16% 18.74% 17.56% 21.20% 20.59%
Borrowings Under 5 years 291.69 248.33 197.85 247.45 249.66
Under 5 years 28.16% 18.74% 17.56% 21.20% 20.59%
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 1,035.72 1,325.23 1,126.98 1,167.14 1,212.62
Net Borrowings £ (Millions) 260.83 206.21 75.11 198.47 206.16
Net Gearing 25.18% 15.56% 6.66% 17.00% 17.00%
Cash & Near Cash 30.86 42.12 122.74 48.98 43.51
Cash 2.98% 3.18% 10.89% 4.20% 3.59%
Gross Borrowings 291.69 248.33 197.85 247.45 249.66
Gross Gearing 28.16% 18.74% 17.56% 21.20% 20.59%
Borrowings Under 5 years 291.69 248.33 197.85 247.45 249.66
Under 5 years 28.16% 18.74% 17.56% 21.20% 20.59%
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 n/a n/a n/a n/a n/a
Current Ratio 2.63 3.35 6.40 5.56 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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