International Personal Finance (IPF)

Sector:

Financials

Index:

FTSE Small Cap

107.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 131.00
  • 52 Week Low: 97.80
  • Currency: UK Pounds
  • Shares Issued: 226.68m
  • Volume: 64,509
  • Market Cap: £242.54m
  • RiskGrade: 268

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 2.7% 1.9% 2.1% 4.1% 1.6%
           
Continuing Operations          
PE Ratio - Adjusted 11.8 14.0 13.5 6.0 15.6
PE Ratio - Diluted 15.3
3.8		 13.1
4.3		 13.0
3.9		 5.8
1.8		 16.6
15.7
PEG - Adjusted 1.7 0.5 n/a 0.4 0.4
PEG - Diluted n/a
0.9		 0.4
0.2		 n/a
3.9		 0.2
0.0		 0.5
0.4
Return on Capital Employed 20.34%
44.06%		 22.65%
46.53%		 19.30%
45.05%		 23.88%
52.30%		 21.25%
19.60%
Operating Margin 18.58%
46.68%		 24.04%
49.38%		 20.24%
47.25%		 22.08%
48.36%		 20.06%
19.53%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.8 14.0 13.5 6.0 15.6
PE Ratio - Diluted 15.3
3.8		 13.1
4.3		 13.0
3.9		 5.8
1.8		 16.6
15.7
PEG - Adjusted 1.7 0.5 n/a 0.4 0.2
PEG - Diluted n/a
0.9		 0.4
0.2		 n/a
3.9		 0.2
0.0		 0.2
0.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Net Gearing 113.25% 95.43% 76.26% 78.91% 90.87%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Price/Book Value 3.0 3.1 2.5 1.3 3.2
Price/Tangible Book Value 3.0 3.1 2.5 1.3 3.2
Price/ Cash Flow 31.5 (934.7) 32.2 36.5 25.0
Price/Revenue 1.36 1.63 1.44 0.67 1.60
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 147.94p 160.70p 147.92p 127.80p 119.16p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Continuing Operations          
Revenue 783.20 746.80 651.70 649.50 608.70
EBITDA 376.80
376.90		 388.80
379.50		 319.80
319.60		 325.90
328.90		 138.60
135.40
Depreciation (231.30)
(11.30)		 (209.30)
(10.70)		 (187.90)
(11.70)		 (182.50)
(14.80)		 (16.50)
(16.50)
Net Interest (45.30)
(45.30)		 (49.00)
(49.00)		 (41.60)
(41.60)		 (42.90)
(42.90)		 (33.90)
(27.10)
Profit Before Tax 100.20
320.30		 130.50
319.80		 90.30
266.30		 100.50
271.20		 88.20
91.80
           
Revenue per Share 329.63p 306.07p 258.71p 256.11p 240.02p
Pre-Tax Profit per Share 42.17p
134.81p		 53.48p
131.07p		 35.85p
105.72p		 39.63p
106.94p		 34.78p
36.20p
Market Capitalisation £ (Millions) 1,037.82 1,182.54 n/a 441.13 987.72
Enterprise Value (EV) £ (Millions) 1,508.72 1,575.24 308.80 707.63 1,292.02
EBITDA/EV 24.97%
24.98%		 24.68%
24.09%		 103.56%
103.50%		 46.06%
46.48%		 10.73%
10.48%
Operating Margin 18.58%
46.68%		 24.04%
49.38%		 20.24%
47.25%		 22.08%
48.36%		 20.06%
19.53%
Capital Employed £ (Millions) 829.80 792.60 683.40 600.60 606.50
Return on Capital Employed 20.34%
44.06%		 22.65%
46.53%		 19.30%
45.05%		 23.88%
52.30%		 21.25%
19.60%
Invested Equity Capital £ (Millions) 361.60 393.90 375.80 327.70 309.00
           
Earnings per Share - Basic 30.20p
122.85p		 39.20p
117.99p		 29.42p
99.28p		 30.17p
97.48p		 23.34p
24.76p
Earnings per Share - Diluted 29.40p
119.44p		 38.10p
114.66p		 28.63p
96.64p		 29.57p
95.56p		 23.09p
24.49p
Earnings per Share - Adjusted 38.00p 35.50p 27.55p 28.55p 24.57p
Earnings per Share Growth - Basic -23%
4%		 33%
19%		 -2%
2%		 29%
294%		 31%
40%
Earnings per Share Growth - Diluted -23%
4%		 33%
19%		 -3%
1%		 28%
290%		 31%
40%
Earnings per Share Growth - Adjusted 7% 29% -4% 16% 38%
PE Ratio - Diluted 15.3
3.8		 13.1
4.3		 13.0
3.9		 5.8
1.8		 16.6
15.7
PEG - Diluted n/a
0.9		 0.4
0.2		 n/a
3.9		 0.2
0.0		 0.5
0.4
Tax Rate 28.34% 26.74% 17.94% 23.88% 32.88%
Dividend Cover 3.17
10.24		 3.82
12.69		 3.56
12.83		 4.02
13.73		 3.92
3.95
Interest Cover 3.21
8.07		 3.66
7.53		 3.17
7.40		 3.34
7.32		 3.60
4.39
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 30.20p
122.85p		 39.20p
117.99p		 29.42p
99.28p		 30.17p
97.48p		 23.34p
24.76p
Earnings per Share - Diluted 29.40p
119.44p		 38.10p
114.66p		 28.63p
96.64p		 29.57p
95.56p		 23.09p
24.49p
Earnings per Share - Adjusted 38.00p 35.50p 27.55p 28.55p 24.57p
Earnings per Share Growth - Basic -23%
4%		 33%
19%		 -2%
2%		 29%
294%		 83%
74%
Earnings per Share Growth - Diluted -23%
4%		 33%
19%		 -3%
1%		 28%
290%		 82%
74%
Earnings per Share Growth - Adjusted 7% 29% -4% 16% 92%
PE Ratio - Diluted 15.3
3.8		 13.1
4.3		 13.0
3.9		 5.8
1.8		 16.6
15.7
PEG - Diluted n/a
0.9		 0.4
0.2		 n/a
3.9		 0.2
0.0		 0.2
0.2
Dividend Cover 3.17
10.24		 3.82
12.69		 3.56
12.83		 4.02
13.73		 3.92
3.95
Return on Equity (ROE) 19.86%
80.72%		 24.27%
73.09%		 19.72%
66.55%		 23.34%
75.43%		 19.16%
20.32%
Operating Cash Flow per Share 14.27p (0.53p) 11.59p 4.69p 15.38p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 18.98p 0.29p 2.34p (1.42p) (2.84p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 12.00p 9.30p 7.74p 7.10p 6.27p
Dividend per Share Growth 29.03% 20.16% 9.01% 13.24% 10.00%
Dividend Yield 2.7% 1.9% 2.1% 4.1% 1.6%
Shareholders Funds 361.60 393.90 375.80 327.70 309.00
Net Borrowings £ (Millions) 409.50 375.90 286.60 258.60 280.80
Net Asset Value per Share (inc. Intangibles) 147.94p 160.70p 147.92p 127.80p 119.16p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Shareholders' Funds inc Intangibles 361.60 393.90 375.80 327.70 309.00
Net Borrowings £ (Millions) 409.50 375.90 286.60 258.60 280.80
Net Gearing 113.25% 95.43% 76.26% 78.91% 90.87%
Cash & Near Cash 68.80 24.60 24.20 17.90 23.50
Cash 19.03% 6.25% 6.44% 5.46% 7.61%
Gross Borrowings 478.30 400.50 310.80 276.50 304.30
Gross Gearing 132.27% 101.68% 82.70% 84.38% 98.48%
Borrowings Under 5 years 478.30 400.50 310.80 276.50 304.30
Under 5 years 132.27% 101.68% 82.70% 84.38% 98.48%
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-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Shareholders' Funds exc Intangibles 351.50 392.10 372.60 324.10 302.20
Net Borrowings £ (Millions) 409.50 375.90 286.60 258.60 280.80
Net Gearing 116.50% 95.87% 76.92% 79.79% 92.92%
Cash & Near Cash 68.80 24.60 24.20 17.90 23.50
Cash 19.57% 6.27% 6.49% 5.52% 7.78%
Gross Borrowings 478.30 400.50 310.80 276.50 304.30
Gross Gearing 136.07% 102.14% 83.41% 85.31% 100.69%
Borrowings Under 5 years 478.30 400.50 310.80 276.50 304.30
Under 5 years 136.07% 102.14% 83.41% 85.31% 100.69%
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-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 4.37 5.68 6.46 6.76 5.79

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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