£ (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 | 2.3% | 2.3% | 0.9% | 0.0% | 0.6% |
Continuing Operations | |||||
PE Ratio - Adjusted | 37.3 | 48.4 | 1,684.0 | n/a | n/a |
PE Ratio - Diluted | 3.0 3.0 |
n/a 48.8 |
41.1 n/a |
n/a 40.9 |
n/a 344.9 |
PEG - Adjusted | 0.5 | 0.0 | n/a | n/a | n/a |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a 0.1 |
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 | 411.22% 413.89% |
(244.53%) 98.92% |
100.00% 39.28% |
(928.55%) 55.89% |
(62.97%) 27.46% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 37.3 | 48.4 | 166,831.3 | n/a | n/a |
PE Ratio - Diluted | 3.0 3.0 |
n/a 27.1 |
4,069.1 n/a |
n/a 91.6 |
n/a n/a |
PEG - Adjusted | 0.5 | 0.0 | n/a | n/a | n/a |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Net Gearing | 41.16% | 39.35% | 34.13% | 40.66% | 16.30% |
£ (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 | 0.7 | 0.6 | 0.8 | 0.7 | 0.9 |
Price/Tangible Book Value | 0.7 | 0.6 | 0.8 | 0.7 | 0.9 |
Price/ Cash Flow | (167.4) | 129.5 | (1,592.9) | (22.5) | (103.7) |
Price/Revenue | 11.67 | 12.24 | 1,964.36 | 16.72 | 28.20 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 211.06p | 183.44p | 209.89p | 206.49p | 289.60p |
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 | 195.10 | 74.10 | 0.73 | 73.90 | 79.40 |
EBITDA | 802.80 808.00 |
(179.20) 75.30 |
0.73 0.29 |
(662.90) 64.60 |
(48.70) 23.10 |
Depreciation | (0.50) (0.50) |
(2.00) (2.00) |
n/a n/a |
(23.30) (23.30) |
(1.30) (1.30) |
Net Interest | (51.90) (51.90) |
(24.60) (24.60) |
(0.37) (0.37) |
(18.50) (38.40) |
(8.80) (20.70) |
Profit Before Tax | 750.60 755.80 |
(205.80) 19.90 |
0.36 (0.08) |
(704.70) 30.70 |
(61.30) 8.30 |
Revenue per Share | 11.83p | 8.70p | 0.086p | 8.67p | 9.28p |
Pre-Tax Profit per Share | 45.52p 45.84p |
(24.18p) 2.34p |
0.042p (0.010p) |
(82.69p) 3.60p |
(7.17p) 0.97p |
Market Capitalisation £ (Millions) | 2,697.33 | 906.79 | 1,433.54 | 1,234.07 | 2,235.70 |
Enterprise Value (EV) £ (Millions) | 4,321.73 | 1,651.19 | 2,374.04 | 2,314.67 | 2,792.60 |
EBITDA/EV | 18.58% 18.70% |
(10.85%) 4.56% |
0.03% 0.01% |
(28.64%) 2.79% |
(1.74%) 0.83% |
Operating Margin | 411.22% 413.89% |
(244.53%) 98.92% |
100.00% 39.28% |
(928.55%) 55.89% |
(62.97%) 27.46% |
Capital Employed £ (Millions) | 5,112.90 | 2,306.00 | 2,727.80 | 2,840.30 | 3,034.40 |
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) | 3,480.20 | 1,561.60 | 1,786.80 | 1,759.70 | 2,477.50 |
Earnings per Share - Basic | 45.50p 45.82p |
(24.90p) 2.19p |
4.10p (0.94p) |
(82.60p) 3.54p |
(7.30p) 0.76p |
Earnings per Share - Diluted | 45.50p 45.63p |
(24.90p) 2.18p |
4.10p (0.94p) |
(82.60p) 3.54p |
(7.30p) 0.76p |
Earnings per Share - Adjusted | 3.70p | 2.20p | 0.10p | (82.60)p | (7.30)p |
Earnings per Share Growth - Basic | n/a 1,997% |
n/a n/a |
n/a n/a |
n/a 366% |
n/a -96% |
Earnings per Share Growth - Diluted | n/a 1,990% |
n/a n/a |
n/a n/a |
n/a 367% |
n/a -96% |
Earnings per Share Growth - Adjusted | 68% | 2,100% | n/a | n/a | n/a |
PE Ratio - Diluted | 3.0 3.0 |
n/a 48.8 |
41.1 n/a |
n/a 40.9 |
n/a 344.9 |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a 0.1 |
n/a n/a |
Tax Rate | 0.03% | (2.92%) | 1.97% | 0.14% | (1.70%) |
Dividend Cover | 1.17 14.55 |
0.88 0.87 |
0.07 (0.63) |
n/a n/a |
(4.87) 0.51 |
Interest Cover | 12.12 12.20 |
(6.57) 1.73 |
1.78 0.81 |
(16.84) 1.79 |
(1.89) 1.39 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 45.50p 45.82p |
(24.90p) 3.94p |
0.041p 0.009p |
(82.50p) 1.58p |
(29.70p) (4.01p) |
Earnings per Share - Diluted | 45.50p 45.63p |
(24.90p) 3.93p |
0.041p 0.009p |
(82.50p) 1.58p |
(29.70p) (4.00p) |
Earnings per Share - Adjusted | 3.70p | 2.20p | n/a | (82.50p) | (29.70p) |
Earnings per Share Growth - Basic | n/a 1,064% |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a 1,061% |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | 68% | 217,851% | n/a | n/a | n/a |
PE Ratio - Diluted | 3.0 3.0 |
n/a 27.1 |
4,069.1 n/a |
n/a 91.6 |
n/a n/a |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | 1.17 14.55 |
0.88 1.57 |
n/a (0.01) |
n/a n/a |
(19.80) (2.67) |
Return on Equity (ROE) | 21.56% 21.71% |
(13.56%) 2.15% |
0.02% n/a |
(39.93%) 0.77% |
(10.24%) (1.38%) |
Operating Cash Flow per Share | (0.82p) | 0.82p | (0.11p) | (6.43p) | (2.52p) |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 4.26p | (23.63p) | (0.056p) | 24.88p | 14.10p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 3.15p | 2.50p | 1.50p | n/a | 1.50p |
Dividend per Share Growth | 26.00% | 66.67% | n/a | n/a | n/a |
Dividend Yield | 2.3% | 2.3% | 0.9% | 0.0% | 0.6% |
Shareholders Funds | 3,480.20 | 1,561.60 | 1,786.80 | 1,759.70 | 2,477.50 |
Net Borrowings £ (Millions) | 1,432.50 | 614.50 | 609.90 | 715.50 | 403.80 |
Net Asset Value per Share (inc. Intangibles) | 211.06p | 183.44p | 209.89p | 206.49p | 289.60p |
£ (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 | 3,480.20 | 1,561.60 | 1,786.80 | 1,759.70 | 2,477.50 |
Net Borrowings £ (Millions) | 1,432.50 | 614.50 | 609.90 | 715.50 | 403.80 |
Net Gearing | 41.16% | 39.35% | 34.13% | 40.66% | 16.30% |
Cash & Near Cash | 200.20 | 129.90 | 331.10 | 365.10 | 153.10 |
Cash | 5.75% | 8.32% | 18.53% | 20.75% | 6.18% |
Gross Borrowings | 1,632.70 | 744.40 | 941.00 | 1,080.60 | 556.90 |
Gross Gearing | 46.91% | 47.67% | 52.66% | 61.41% | 22.48% |
Borrowings Under 5 years | 1,632.70 | 744.40 | 941.00 | 1,080.60 | 556.90 |
Under 5 years | 46.91% | 47.67% | 52.66% | 61.41% | 22.48% |
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 | 3,480.20 | 1,561.60 | 1,786.80 | 1,759.70 | 2,477.50 |
Net Borrowings £ (Millions) | 1,432.50 | 614.50 | 609.90 | 715.50 | 403.80 |
Net Gearing | 41.16% | 39.35% | 34.13% | 40.66% | 16.30% |
Cash & Near Cash | 200.20 | 129.90 | 331.10 | 365.10 | 153.10 |
Cash | 5.75% | 8.32% | 18.53% | 20.75% | 6.18% |
Gross Borrowings | 1,632.70 | 744.40 | 941.00 | 1,080.60 | 556.90 |
Gross Gearing | 46.91% | 47.67% | 52.66% | 61.41% | 22.48% |
Borrowings Under 5 years | 1,632.70 | 744.40 | 941.00 | 1,080.60 | 556.90 |
Under 5 years | 46.91% | 47.67% | 52.66% | 61.41% | 22.48% |
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 | n/a | n/a | n/a | n/a | n/a |
Current Ratio | 1.31 | 3.54 | 9.57 | 9.19 | 4.64 |
* 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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