B&M European Value Retail S.A. (DI) (BME)

Sector:

Retailers

Index:

FTSE 100

548.20p
   
  • Change Today:
      13.20p
  • 52 Week High: 612.40
  • 52 Week Low: 460.20
  • Currency: UK Pounds
  • Shares Issued: 1,002.79m
  • Volume: 1,693,558
  • Market Cap: £5,497m
  • RiskGrade: 144

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 30-Mar-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.5
Dividend Yield 3.1% 2.9% 3.2% 3.0% 2.0%
           
Continuing Operations          
PE Ratio - Adjusted 12.7 13.5 12.4 13.8 19.2
PE Ratio - Diluted 13.4
13.5		 13.3
13.2		 12.6
12.7		 13.8
13.2		 19.2
18.9
PEG - Adjusted n/a n/a 0.1 n/a 0.6
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
4.4		 0.5
0.5
Return on Capital Employed 24.84%
24.84%		 28.93%
28.93%		 0.35%
0.35%		 19.25%
19.25%		 8.61%
8.53%
Operating Margin 9.95%
9.95%		 12.43%
12.43%		 12.77%
12.83%		 8.75%
8.75%		 9.69%
9.69%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.7 13.5 1,230.9 29.8 38.8
PE Ratio - Diluted 13.4
13.5		 13.3
13.2		 1,251.0
1,253.6		 29.8
29.9		 38.8
38.8
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 30-Mar-19
Net Gearing 282.08% 280.56% 247.48% 167.22% 182.73%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 30-Mar-19
Price/Book Value (14.5) (19.1) (17.6) (15.4) (47.3)
Price/Tangible Book Value (14.5) (19.1) (17.6) (15.4) (42.1)
Price/ Cash Flow 6.0 11.4 6.5 4.9 9.9
Price/Revenue 0.93 1.20 111.34 0.70 2.30
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (32.05p) (29.37p) (30.58p) (17.41p) (7.90p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 30-Mar-19
Continuing Operations          
Revenue 4,983.00 4,673.00 48.46 3,813.39 1,625.18
EBITDA 738.00
738.00		 808.00
808.00		 8.37
8.40		 333.83
333.83		 157.53
157.53
Depreciation (242.00)
(242.00)		 (227.00)
(227.00)		 (2.18)
(2.18)		 n/a
n/a		 n/a
n/a
Net Interest (59.00)
(59.00)		 (59.00)
(59.00)		 (0.91)
(0.86)		 (81.80)
(81.80)		 (36.20)
(36.20)
Profit Before Tax 436.00
436.00		 525.00
525.00		 5.30
5.38		 252.02
252.02		 121.33
121.33
           
Revenue per Share 497.51p 466.81p 4.84p 381.12p 162.43p
Pre-Tax Profit per Share 43.53p
43.53p		 52.44p
52.44p		 0.53p
0.54p		 25.19p
25.19p		 12.13p
12.13p
Market Capitalisation £ (Millions) 4,657.62 5,602.87 5,396.42 2,686.20 3,738.10
Enterprise Value (EV) £ (Millions) 6,911.62 7,843.87 7,424.42 4,548.15 5,627.80
EBITDA/EV 10.68%
10.68%		 10.30%
10.30%		 0.11%
0.11%		 7.34%
7.34%		 2.80%
2.80%
Operating Margin 9.95%
9.95%		 12.43%
12.43%		 12.77%
12.83%		 8.75%
8.75%		 9.69%
9.69%
Capital Employed £ (Millions) 1,993.00 2,019.00 1,758.00 1,734.22 1,847.40
Return on Capital Employed 24.84%
24.84%		 28.93%
28.93%		 0.35%
0.35%		 19.25%
19.25%		 8.61%
8.53%
Invested Equity Capital £ (Millions) 766.00 793.00 765.00 897.17 1,019.19
           
Earnings per Share - Basic 34.80p
34.45p		 42.20p
42.35p		 42.80p
42.67p		 19.50p
20.38p		 19.50p
19.77p
Earnings per Share - Diluted 34.70p
34.39p		 42.10p
42.27p		 42.70p
42.61p		 19.50p
20.37p		 19.50p
19.76p
Earnings per Share - Adjusted 36.50p 41.60p 43.40p 19.50p 19.50p
Earnings per Share Growth - Basic -18%
-19%		 -1%
-1%		 120%
109%		 n/a
3%		 36%
38%
Earnings per Share Growth - Diluted -18%
-19%		 -1%
-1%		 119%
109%		 n/a
3%		 36%
38%
Earnings per Share Growth - Adjusted -12% -4% 123% n/a 31%
PE Ratio - Diluted 13.4
13.5		 13.3
13.2		 12.6
12.7		 13.8
13.2		 19.2
18.9
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
4.4		 0.5
0.5
Tax Rate 20.14% 19.73% 18.55% 22.71% 20.14%
Dividend Cover 2.50
2.36		 2.52
2.57		 2.51
2.47		 2.41
2.52		 2.57
2.60
Interest Cover 8.15
8.15		 9.90
9.90		 6.83
7.27		 4.07
4.07		 4.33
4.33
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 34.80p
34.45p		 42.20p
42.35p		 0.43p
0.43p		 9.00p
9.00p		 9.63p
9.62p
Earnings per Share - Diluted 34.70p
34.39p		 42.10p
42.27p		 0.43p
0.43p		 9.00p
8.99p		 9.63p
9.62p
Earnings per Share - Adjusted 36.50p 41.60p 0.44p 9.00p 9.63p
Earnings per Share Growth - Basic -18%
-19%		 9,668%
9,734%		 -95%
-95%		 -7%
-6%		 -33%
-31%
Earnings per Share Growth - Diluted -18%
-19%		 9,668%
9,729%		 -95%
-95%		 -7%
-6%		 -33%
-31%
Earnings per Share Growth - Adjusted -12% 9,396% -95% -7% -35%
PE Ratio - Diluted 13.4
13.5		 13.3
13.2		 1,251.0
1,253.6		 29.8
29.9		 38.8
38.8
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 2.50
2.36		 2.52
2.57		 0.03
0.02		 1.11
1.11		 1.27
1.27
Return on Equity (ROE) 45.43%
45.04%		 53.22%
53.47%		 0.56%
0.56%		 10.03%
10.03%		 9.45%
9.45%
Operating Cash Flow per Share 78.08p 49.05p 82.64p 54.93p 37.55p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 6.39p (4.50p) (0.21p) 34.65p (0.21p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 14.60p 16.50p 17.30p 8.10p 7.60p
Dividend per Share Growth (11.52%) (4.62%) 113.58% 6.58% 31.03%
Dividend Yield 3.1% 2.9% 3.2% 3.0% 2.0%
Shareholders Funds 720.00 746.00 733.00 867.40 992.48
Net Borrowings £ (Millions) 2,018.00 2,093.00 1,814.00 1,450.45 1,813.58
Net Asset Value per Share (inc. Intangibles) (32.05p) (29.37p) (30.58p) (17.41p) (8.88p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 30-Mar-19
Shareholders' Funds inc Intangibles 720.00 746.00 733.00 867.40 992.48
Net Borrowings £ (Millions) 2,018.00 2,093.00 1,814.00 1,450.45 1,813.58
Net Gearing 282.08% 280.56% 247.48% 167.22% 182.73%
Cash & Near Cash 237.00 173.00 218.00 428.20 86.20
Cash 32.92% 23.19% 29.74% 49.37% 8.69%
Gross Borrowings 2,255.00 2,266.00 2,032.00 1,878.65 1,899.78
Gross Gearing 315.00% 303.75% 277.22% 216.58% 191.42%
Borrowings Under 5 years 2,255.00 2,266.00 2,032.00 1,878.65 1,899.78
Under 5 years 313.19% 303.75% 277.22% 216.58% 191.42%
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 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 30-Mar-19
Shareholders' Funds exc Intangibles (321.00) (294.00) (306.00) (174.21) (88.84)
Net Borrowings £ (Millions) 2,018.00 2,093.00 1,814.00 1,450.45 1,813.58
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 237.00 173.00 218.00 428.20 86.20
Cash (73.83%) (58.84%) (71.24%) (245.80%) (97.04%)
Gross Borrowings 2,255.00 2,266.00 2,032.00 1,878.65 1,899.78
Gross Gearing 706.54% 770.75% 664.05% 1,078.40% 2,138.55%
Borrowings Under 5 years 2,255.00 2,266.00 2,032.00 1,878.65 1,899.78
Under 5 years (702.49%) (770.75%) (664.05%) (1,078.40%) (2,138.55%)
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 25-Mar-23 26-Mar-22 27-Mar-21 28-Mar-20 30-Mar-19
Quick Ratio 0.37 0.34 0.36 0.52 0.21
Current Ratio 1.29 1.49 1.19 1.13 1.16

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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