Smurfit Kappa Group (CDI) (SKG)

Sector:

Manufacturing

Index:

FTSE 100

3,778.00p
   
  • Change Today:
    -30.00p
  • 52 Week High: 3,810.00
  • 52 Week Low: 2,554.00
  • Currency: UK Pounds
  • Shares Issued: 261.09m
  • Volume: 170,374
  • Market Cap: £9,864m
  • RiskGrade: 138

Key Financials

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 4.2% 3.9% 2.6% 4.9% 0.8%
           
Continuing Operations          
PE Ratio - Adjusted 10.5 8.1 17.3 17.6 16.9
PE Ratio - Diluted 12.5
10.5		 9.9
8.2		 18.2
17.5		 17.8
17.7		 17.1
9.3
PEG - Adjusted n/a 0.1 0.9 1.4 n/a
PEG - Diluted n/a
n/a		 0.3
0.1		 1.1
0.9		 1.4
n/a		 n/a
0.4
Return on Capital Employed 18.26%
17.78%		 22.63%
23.79%		 0.19%
0.20%		 18.79%
18.79%		 20.53%
9.18%
Operating Margin 9.36%
10.82%		 10.09%
11.83%		 10.64%
10.94%		 10.46%
10.46%		 0.42%
4.35%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.5 8.1 1,710.9 17.6 16.9
PE Ratio - Diluted 12.5
10.5		 9.9
8.2		 1,798.7
1,729.6		 17.8
17.7		 17.1
9.3
PEG - Adjusted n/a 0.0 n/a 1.4 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 1.4
n/a		 n/a
0.4

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 51.08% 59.54% 66.20% 63.26% 118.46%

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,125.58¢ 917.05¢ 649.80¢ 515.06¢ 159.75¢
Net Cash per Share n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 11,272.00 12,815.00 102.02 8,530.00 9,048.00
EBITDA 1,055.00
1,220.00		 1,293.00
1,516.00		 10.85
11.16		 892.00
892.00		 38.00
390.00
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
4.00
Net Interest n/a
n/a		 n/a
n/a		 (1.64)
(1.64)		 (144.00)
(144.00)		 637.00
691.00
Profit Before Tax 1,055.00
1,220.00		 1,293.00
1,516.00		 9.22
9.53		 748.00
748.00		 677.00
1,087.00
           
Revenue per Share 4,368.99¢ 4,967.05¢ 39.70¢ 3,569.04¢ 3,833.90¢
Pre-Tax Profit per Share 408.92¢
472.87¢		 501.16¢
587.60¢		 3.59¢
3.71¢		 312.97¢
312.97¢		 286.86¢
460.59¢
Market Capitalisation   (Millions) 8,215.58 8,107.42 10,426.49 8,212.04 6,946.34
Enterprise Value (EV)   (Millions) 11,891.58 11,831.42 14,148.49 11,429.04 10,594.34
EBITDA/EV 8.87%
10.26%		 10.93%
12.81%		 0.08%
0.08%		 7.80%
7.80%		 0.36%
3.68%
Operating Margin 9.36%
10.82%		 10.09%
11.83%		 10.64%
10.94%		 10.46%
10.46%		 0.42%
4.35%
Capital Employed   (Millions) 6,861.00 6,373.00 5,634.00 4,748.00 4,316.00
Return on Capital Employed 18.26%
17.78%		 22.63%
23.79%		 0.19%
0.20%		 18.79%
18.79%		 20.53%
9.18%
Invested Equity Capital   (Millions) 5,772.00 5,252.00 4,589.00 4,011.00 3,205.00
           
Earnings per Share - Basic 293.50¢
349.23¢		 365.30¢
444.57¢		 263.90¢
274.71¢		 227.90¢
228.87¢		 201.60¢
366.10¢
Earnings per Share - Diluted 291.20¢
346.54¢		 361.80¢
439.46¢		 261.10¢
271.54¢		 225.70¢
226.97¢		 200.00¢
366.10¢
Earnings per Share - Adjusted 348.70¢ 444.10¢ 274.50¢ 227.90¢ 201.60¢
Earnings per Share Growth - Basic -20%
-21%		 38%
62%		 16%
20%		 13%
-38%		 n/a
25%
Earnings per Share Growth - Diluted -20%
-21%		 39%
62%		 16%
20%		 13%
-38%		 n/a
25%
Earnings per Share Growth - Adjusted -22% 62% 20% 13% n/a
PE Ratio - Diluted 12.5
10.5		 9.9
8.2		 18.2
17.5		 17.8
17.7		 17.1
9.3
PEG - Diluted n/a
n/a		 0.3
0.1		 1.1
0.9		 1.4
n/a		 n/a
0.4
Tax Rate 28.06% 26.91% 25.63% 26.87% 28.59%
Dividend Cover 2.30
2.30		 3.19
3.19		 2.19
2.19		 1.16
1.17		 7.23
13.12
Interest Cover n/a
n/a		 n/a
n/a		 6.10
6.27		 5.18
5.18		 3.74
7.28
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 293.50¢
349.23¢		 365.30¢
444.57¢		 2.66¢
2.77¢		 227.90¢
228.87¢		 201.60¢
366.10¢
Earnings per Share - Diluted 291.20¢
346.54¢		 361.80¢
439.46¢		 2.64¢
2.74¢		 225.70¢
226.97¢		 200.00¢
366.10¢
Earnings per Share - Adjusted 348.70¢ 444.10¢ 2.77¢ 227.90¢ 201.60¢
Earnings per Share Growth - Basic -20%
-21%		 13,613%
15,933%		 -99%
-99%		 13%
-38%		 n/a
25%
Earnings per Share Growth - Diluted -20%
-21%		 13,628%
15,934%		 -99%
-99%		 13%
-38%		 n/a
25%
Earnings per Share Growth - Adjusted -22% 15,928% -99% 13% n/a
PE Ratio - Diluted 12.5
10.5		 9.9
8.2		 1,798.7
1,729.6		 17.8
17.7		 17.1
9.3
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 1.4
n/a		 n/a
0.4
Dividend Cover 2.30
2.30		 3.19
3.19		 0.02
0.02		 1.16
1.17		 7.23
13.12
Return on Equity (ROE) 13.13%
15.61%		 17.97%
21.84%		 0.15%
0.16%		 13.64%
13.64%		 14.85%
26.96%
Operating Cash Flow per Share 587.98¢ 562.79¢ 383.66¢ 521.76¢ 492.80¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 52.71¢ (4.26¢) (0.13¢) 286.61¢ (85.17¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 151.90¢ 139.20¢ 125.40¢ 196.20¢ 27.90¢
Dividend per Share Growth 9.12% 11.00% (36.09%) 603.23% (71.41%)
Dividend Yield 4.2% 3.9% 2.6% 4.9% 0.8%
Shareholders Funds 5,560.00 5,025.00 4,379.00 3,770.00 2,952.00
Net Borrowings   (Millions) 2,840.00 2,992.00 2,899.00 2,385.00 3,497.00
Net Asset Value per Share (inc. Intangibles) 1,120.15¢ 912.02¢ 644.75¢ 509.62¢ 142.37¢

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 5,560.00 5,025.00 4,379.00 3,770.00 2,952.00
Net Borrowings   (Millions) 2,840.00 2,992.00 2,899.00 2,385.00 3,497.00
Net Gearing 51.08% 59.54% 66.20% 63.26% 118.46%
Cash & Near Cash 905.00 788.00 855.00 891.00 189.00
Cash 16.28% 15.68% 19.53% 23.63% 6.40%
Gross Borrowings 3,745.00 3,780.00 3,754.00 3,276.00 3,686.00
Gross Gearing 67.36% 75.22% 85.73% 86.90% 124.86%
Borrowings Under 5 years 3,745.00 3,780.00 3,754.00 3,276.00 3,686.00
Under 5 years 67.36% 75.22% 85.73% 86.90% 124.86%
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 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 2,890.00 2,353.00 1,657.00 1,218.00 336.00
Net Borrowings   (Millions) 2,840.00 2,992.00 2,899.00 2,385.00 3,497.00
Net Gearing 98.27% 127.16% 174.95% 195.81% 1,040.77%
Cash & Near Cash 905.00 788.00 855.00 891.00 189.00
Cash 31.31% 33.49% 51.60% 73.15% 56.25%
Gross Borrowings 3,745.00 3,780.00 3,754.00 3,276.00 3,686.00
Gross Gearing 129.58% 160.65% 226.55% 268.97% 1,097.02%
Borrowings Under 5 years 3,745.00 3,780.00 3,754.00 3,276.00 3,686.00
Under 5 years 129.58% 160.65% 226.55% 268.97% 1,097.02%
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 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 1.14 1.07 1.07 1.11 0.84
Current Ratio 1.51 1.48 1.44 1.46 1.21

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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