AO World (AO.)

Sector:

Retailers

Index:

FTSE 250

108.20p
   
  • Change Today:
      0.80p
  • 52 Week High: 119.00
  • 52 Week Low: 77.95
  • Currency: UK Pounds
  • Shares Issued: 580.30m
  • Volume: 97,990
  • Market Cap: £627.89m
  • RiskGrade: 268
  • Beta: 0.01

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted 23.5 57.1 n/a 57.2 n/a
PE Ratio - Diluted 24.3
24.4		 58.6
58.7		 n/a
n/a		 80.0
57.9		 321.4
n/a
PEG - Adjusted 0.1 n/a n/a n/a n/a
PEG - Diluted 0.1
0.1		 n/a
n/a		 n/a
n/a		 0.0
n/a		 n/a
n/a
Return on Capital Employed 20.72%
20.72%		 7.49%
7.49%		 n/a
n/a		 0.20%
0.24%		 n/a
n/a
Operating Margin 3.48%
3.48%		 1.10%
1.10%		 (0.55%)
(0.55%)		 1.79%
2.20%		 (0.42%)
(1.00%)
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 23.5 n/a n/a 5,665.2 n/a
PE Ratio - Diluted 24.3
24.4		 n/a
n/a		 n/a
n/a		 7,928.2
5,739.4		 321.4
n/a
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Gearing 22.35% 72.09% 182.70% 28.86% 142.32%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Price/Book Value 5.8 5.2 13.1 26.6 13.0
Price/Tangible Book Value 5.8 5.2 12.7 26.0 12.4
Price/ Cash Flow 9.4 14.5 (8.0) 12.2 22.6
Price/Revenue 0.56 0.31 0.31 83.55 0.31
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 17.31p 12.37p 6.69p 11.06p 5.21p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 1,039.30 1,138.50 1,368.30 16.77 1,026.40
EBITDA 60.50
60.50		 41.50
41.50		 21.20
21.20		 0.55
0.62		 16.80
10.80
Depreciation (24.30)
(24.30)		 (29.00)
(29.00)		 (28.70)
(28.70)		 (0.25)
(0.25)		 (21.10)
(21.10)
Net Interest (1.90)
(1.90)		 (4.90)
(4.90)		 (3.00)
(3.00)		 (0.10)
(0.10)		 4.90
4.90
Profit Before Tax 34.30
34.30		 7.60
7.60		 (10.50)
(10.50)		 0.20
0.27		 0.60
(5.40)
           
Revenue per Share 180.06p 207.40p 285.92p 3.52p 217.25p
Pre-Tax Profit per Share 5.94p
5.94p		 1.38p
1.38p		 (2.19p)
(2.19p)		 0.043p
0.057p		 0.13p
(1.14p)
Market Capitalisation £ (Millions) 583.23 372.10 418.76 1,411.83 322.58
Enterprise Value (EV) £ (Millions) 654.13 467.40 572.36 1,506.13 427.68
EBITDA/EV 9.25%
9.25%		 8.88%
8.88%		 3.70%
3.70%		 0.04%
0.04%		 3.93%
2.53%
Operating Margin 3.48%
3.48%		 1.10%
1.10%		 (0.55%)
(0.55%)		 1.79%
2.20%		 (0.42%)
(1.00%)
Capital Employed £ (Millions) 174.70 167.00 188.10 152.50 135.20
Return on Capital Employed 20.72%
20.72%		 7.49%
7.49%		 n/a
n/a		 0.20%
0.24%		 n/a
n/a
Invested Equity Capital £ (Millions) 141.70 109.50 75.90 102.30 74.20
           
Earnings per Share - Basic 4.29p
4.28p		 1.13p
1.13p		 (6.33p)
(0.75p)		 3.73p
5.15p		 0.21p
(1.06p)
Earnings per Share - Diluted 4.14p
4.13p		 1.10p
1.10p		 (6.33p)
(0.74p)		 3.68p
5.08p		 0.21p
(1.05p)
Earnings per Share - Adjusted 4.29p 1.13p (6.33)p 5.15p (1.08)p
Earnings per Share Growth - Basic 280%
279%		 n/a
n/a		 n/a
n/a		 1,676%
n/a		 n/a
n/a
Earnings per Share Growth - Diluted 276%
276%		 n/a
n/a		 n/a
n/a		 1,652%
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted 280% n/a n/a n/a n/a
PE Ratio - Diluted 24.3
24.4		 58.6
58.7		 n/a
n/a		 80.0
57.9		 321.4
n/a
PEG - Diluted 0.1
0.1		 n/a
n/a		 n/a
n/a		 0.0
n/a		 n/a
n/a
Tax Rate 27.99% 15.79% 68.57% 15.35% (16.67%)
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Interest Cover 6.36
6.36		 1.97
1.97		 (0.88)
(0.88)		 2.46
2.96		 1.11
0.04
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 4.29p
4.28p		 (0.48p)
(0.47p)		 (0.75p)
(6.35p)		 0.038p
0.052p		 0.21p
(1.06p)
Earnings per Share - Diluted 4.14p
4.13p		 (0.47p)
(0.46p)		 (0.75p)
(6.26p)		 0.037p
0.051p		 0.21p
(1.05p)
Earnings per Share - Adjusted 4.29p (0.48p) (0.75p) 0.052p (1.08p)
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 -82%
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 -82%
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a n/a
PE Ratio - Diluted 24.3
24.4		 n/a
n/a		 n/a
n/a		 7,928.2
5,739.4		 321.4
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Equity (ROE) 17.43%
17.43%		 (2.37%)
(2.37%)		 (40.05%)
(40.05%)		 0.17%
0.24%		 1.35%
(6.74%)
Operating Cash Flow per Share 10.67p 4.45p (10.95p) 24.09p 2.98p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.64p (0.055p) (9.95p) 0.13p (4.66p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a n/a n/a n/a
Dividend per Share Growth n/a n/a n/a n/a n/a
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
Shareholders Funds 137.80 105.70 73.40 97.70 69.70
Net Borrowings £ (Millions) 30.80 76.20 134.10 28.20 99.20
Net Asset Value per Share (inc. Intangibles) 17.31p 12.37p 6.90p 11.33p 5.44p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds inc Intangibles 137.80 105.70 73.40 97.70 69.70
Net Borrowings £ (Millions) 30.80 76.20 134.10 28.20 99.20
Net Gearing 22.35% 72.09% 182.70% 28.86% 142.32%
Cash & Near Cash 40.10 19.10 19.50 67.10 6.90
Cash 29.10% 18.07% 26.57% 68.68% 9.90%
Gross Borrowings 70.90 95.30 153.60 95.30 106.10
Gross Gearing 51.45% 90.16% 209.26% 97.54% 152.22%
Borrowings Under 5 years 70.90 95.30 153.60 95.30 106.10
Under 5 years 51.45% 90.16% 209.26% 97.54% 152.22%
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-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds exc Intangibles 99.90 67.90 33.00 53.90 25.70
Net Borrowings £ (Millions) 30.80 76.20 134.10 28.20 99.20
Net Gearing 30.83% 112.22% 406.36% 52.32% 385.99%
Cash & Near Cash 40.10 19.10 19.50 67.10 6.90
Cash 40.14% 28.13% 59.09% 124.49% 26.85%
Gross Borrowings 70.90 95.30 153.60 95.30 106.10
Gross Gearing 70.97% 140.35% 465.45% 176.81% 412.84%
Borrowings Under 5 years 70.90 95.30 153.60 95.30 106.10
Under 5 years 70.97% 140.35% 465.45% 176.81% 412.84%
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-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Quick Ratio 0.64 0.57 0.50 0.54 0.53
Current Ratio 0.96 0.83 0.76 0.86 0.79

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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