£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Annualisation Factor | 1.0 | 1.0 | n/a | 1.0 | 1.0 |
Dividend Yield | 2.5% | 2.2% | 1.1% | 2.0% | 1.6% |
Continuing Operations | |||||
PE Ratio - Adjusted | 35.1 | 39.3 | 89.1 | 47.9 | 57.9 |
PE Ratio - Diluted | 35.1 35.1 |
39.3 39.3 |
89.1 89.2 |
47.9 47.9 |
57.9 57.9 |
PEG - Adjusted | 3.5 | 1.1 | 22.3 | 4.4 | 8.3 |
PEG - Diluted | 3.5 3.5 |
1.1 1.1 |
22.3 22.3 |
4.4 4.4 |
8.3 8.3 |
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 | 90.80% 90.80% |
86.97% 86.97% |
83.59% 83.59% |
87.24% 87.24% |
85.74% 85.74% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 35.1 | 39.3 | 8,831.9 | 47.9 | 57.9 |
PE Ratio - Diluted | 35.1 35.1 |
39.3 39.3 |
8,831.9 8,836.0 |
47.9 47.9 |
57.9 57.9 |
PEG - Adjusted | 3.5 | 0.0 | n/a | 4.4 | 8.3 |
PEG - Diluted | 3.5 3.5 |
0.0 0.0 |
n/a n/a |
4.4 4.4 |
8.3 8.3 |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Net Gearing | 0.59% | 0.17% | 0.28% | 3.28% | 2.02% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Price/Book Value | 0.9 | 0.9 | 1.0 | 0.9 | 0.9 |
Price/Tangible Book Value | 0.9 | 0.9 | 1.0 | 0.9 | 0.9 |
Price/ Cash Flow | 13.7 | 31.5 | 16.8 | 25.0 | 33.1 |
Price/Revenue | 27.87 | 31.44 | 6,574.18 | 35.86 | 41.84 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 266.06p | 272.01p | 420.48p | 232.25p | 254.68p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Continuing Operations | |||||
Revenue | 44.68 | 41.28 | 0.33 | 33.02 | 30.91 |
EBITDA | 40.57 40.57 |
35.90 35.90 |
0.28 0.28 |
28.81 28.81 |
26.50 26.50 |
Depreciation | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Net Interest | (3.96) (3.96) |
(1.66) (1.66) |
(0.02) (0.02) |
(3.59) (3.59) |
(3.49) (3.49) |
Profit Before Tax | 36.61 36.61 |
34.24 34.24 |
0.25 0.25 |
25.22 25.22 |
23.01 23.01 |
Revenue per Share | 8.88p | 8.02p | 0.064p | 6.02p | 5.62p |
Pre-Tax Profit per Share | 7.28p 7.28p |
6.65p 6.65p |
0.049p 0.049p |
4.60p 4.60p |
4.18p 4.18p |
Market Capitalisation £ (Millions) | 1,208.61 | 1,295.17 | 2,159.79 | 1,234.13 | 1,291.50 |
Enterprise Value (EV) £ (Millions) | 1,232.34 | 1,315.00 | 2,179.10 | 1,235.78 | 1,306.14 |
EBITDA/EV | 3.29% 3.29% |
2.73% 2.73% |
0.01% 0.01% |
2.33% 2.33% |
2.03% 2.03% |
Operating Margin | 90.80% 90.80% |
86.97% 86.97% |
83.59% 83.59% |
87.24% 87.24% |
85.74% 85.74% |
Capital Employed £ (Millions) | 1,419.28 | 1,476.66 | 2,255.45 | 1,353.35 | 1,516.92 |
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) | 1,338.42 | 1,400.62 | 2,182.98 | 1,273.05 | 1,401.59 |
Earnings per Share - Basic | 7.05p 7.05p |
6.42p 6.42p |
4.70p 4.70p |
4.51p 4.51p |
4.06p 4.06p |
Earnings per Share - Diluted | 7.05p 7.05p |
6.42p 6.42p |
4.70p 4.70p |
4.51p 4.51p |
4.06p 4.06p |
Earnings per Share - Adjusted | 7.05p | 6.42p | 4.70p | 4.51p | 4.06p |
Earnings per Share Growth - Basic | 10% 10% |
37% 37% |
4% 4% |
11% 11% |
7% 7% |
Earnings per Share Growth - Diluted | 10% 10% |
37% 37% |
4% 4% |
11% 11% |
7% 7% |
Earnings per Share Growth - Adjusted | 10% | 37% | 4% | 11% | 7% |
PE Ratio - Diluted | 35.1 35.1 |
39.3 39.3 |
89.1 89.2 |
47.9 47.9 |
57.9 57.9 |
PEG - Diluted | 3.5 3.5 |
1.1 1.1 |
22.3 22.3 |
4.4 4.4 |
8.3 8.3 |
Tax Rate | 3.14% | 3.46% | 3.02% | 1.93% | 2.99% |
Dividend Cover | 1.13 1.13 |
1.17 1.17 |
1.00 1.00 |
1.06 1.06 |
1.05 1.05 |
Interest Cover | 10.26 10.26 |
21.59 21.59 |
12.16 12.16 |
8.03 8.03 |
7.59 7.59 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 7.05p 7.05p |
6.42p 6.42p |
0.047p 0.047p |
4.51p 4.51p |
4.06p 4.06p |
Earnings per Share - Diluted | 7.05p 7.05p |
6.42p 6.42p |
0.047p 0.047p |
4.51p 4.51p |
4.06p 4.06p |
Earnings per Share - Adjusted | 7.05p | 6.42p | 0.047p | 4.51p | 4.06p |
Earnings per Share Growth - Basic | 10% 10% |
13,432% 13,435% |
-99% -99% |
11% 11% |
7% 7% |
Earnings per Share Growth - Diluted | 10% 10% |
13,432% 13,435% |
-99% -99% |
11% 11% |
7% 7% |
Earnings per Share Growth - Adjusted | 10% | 13,432% | -99% | 11% | 7% |
PE Ratio - Diluted | 35.1 35.1 |
39.3 39.3 |
8,831.9 8,836.0 |
47.9 47.9 |
57.9 57.9 |
PEG - Diluted | 3.5 3.5 |
0.0 0.0 |
n/a n/a |
4.4 4.4 |
8.3 8.3 |
Dividend Cover | 1.13 1.13 |
1.17 1.17 |
0.01 0.01 |
1.06 1.06 |
1.05 1.05 |
Return on Equity (ROE) | 2.65% 2.65% |
2.36% 2.36% |
0.01% 0.01% |
1.94% 1.94% |
1.59% 1.59% |
Operating Cash Flow per Share | 18.10p | 7.99p | 24.99p | 8.64p | 7.09p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (1.77p) | 1.13p | 0.078p | (9.50p) | 0.48p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 6.25p | 5.50p | 4.68p | 4.25p | 3.85p |
Dividend per Share Growth | 13.64% | 17.52% | 10.12% | 10.39% | 10.00% |
Dividend Yield | 2.5% | 2.2% | 1.1% | 2.0% | 1.6% |
Shareholders Funds | 1,338.42 | 1,400.62 | 2,182.98 | 1,273.05 | 1,401.59 |
Net Borrowings £ (Millions) | 7.91 | 2.37 | 6.07 | 41.78 | 28.37 |
Net Asset Value per Share (inc. Intangibles) | 266.06p | 272.01p | 420.48p | 232.25p | 254.68p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds inc Intangibles | 1,338.42 | 1,400.62 | 2,182.98 | 1,273.05 | 1,401.59 |
Net Borrowings £ (Millions) | 7.91 | 2.37 | 6.07 | 41.78 | 28.37 |
Net Gearing | 0.59% | 0.17% | 0.28% | 3.28% | 2.02% |
Cash & Near Cash | 72.94 | 73.67 | 66.40 | 38.52 | 86.96 |
Cash | 5.45% | 5.26% | 3.04% | 3.03% | 6.20% |
Gross Borrowings | 80.86 | 76.04 | 72.47 | 80.30 | 115.33 |
Gross Gearing | 6.04% | 5.43% | 3.32% | 6.31% | 8.23% |
Borrowings Under 5 years | 80.86 | 76.04 | 72.47 | 80.30 | 115.33 |
Under 5 years | 6.04% | 5.43% | 3.32% | 6.31% | 8.23% |
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-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds exc Intangibles | 1,338.42 | 1,400.62 | 2,182.98 | 1,273.05 | 1,401.59 |
Net Borrowings £ (Millions) | 7.91 | 2.37 | 6.07 | 41.78 | 28.37 |
Net Gearing | 0.59% | 0.17% | 0.28% | 3.28% | 2.02% |
Cash & Near Cash | 72.94 | 73.67 | 66.40 | 38.52 | 86.96 |
Cash | 5.45% | 5.26% | 3.04% | 3.03% | 6.20% |
Gross Borrowings | 80.86 | 76.04 | 72.47 | 80.30 | 115.33 |
Gross Gearing | 6.04% | 5.43% | 3.32% | 6.31% | 8.23% |
Borrowings Under 5 years | 80.86 | 76.04 | 72.47 | 80.30 | 115.33 |
Under 5 years | 6.04% | 5.43% | 3.32% | 6.31% | 8.23% |
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-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Quick Ratio | n/a | n/a | n/a | n/a | n/a |
Current Ratio | 1.16 | 1.32 | 2.63 | 2.15 | 0.90 |
Interest Cover | 10.26 10.26 |
21.59 21.59 |
12.16 12.16 |
8.03 8.03 |
7.59 7.59 |
* 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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