Spire Healthcare Group (SPI)

Sector:

Health Care

Index:

FTSE 250

 261.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 261.50
  • 52 Week Low: 207.00
  • Currency: UK Pounds
  • Shares Issued: 404.13m
  • Volume: 0
  • Market Cap: £1,056.81m
  • RiskGrade: 165

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 n/a 1.0 1.0
Dividend Yield 0.2% 0.0% 0.0% 0.9%
         
Continuing Operations        
PE Ratio - Adjusted 54.3 n/a n/a 59.2
PE Ratio - Diluted 108.6
74.0		 n/a
n/a		 n/a
n/a		 78.9
62.2
PEG - Adjusted 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
Return on Capital Employed 5.87%
6.23%		 0.05%
0.05%		 n/a
4.16%		 5.76%
5.89%
Operating Margin 7.96%
8.45%		 7.86%
7.33%		 (15.89%)
7.29%		 9.62%
9.84%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 54.3 n/a n/a 59.2
PE Ratio - Diluted 108.6
74.0		 n/a
n/a		 n/a
n/a		 78.9
62.2
PEG - Adjusted 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

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 152.75% 150.03% 150.58% 114.41%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 2.4 2.7 1.6 1.3
Price/Tangible Book Value 2.4 2.7 1.6 1.3
Price/ Cash Flow 5.1 5.4 3.9 2.8
Price/Revenue 0.77 89.67 0.68 0.58
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 94.19p 92.39p 97.00p 105.31p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations        
Revenue 1,198.50 11.17 919.90 980.80
EBITDA 193.30
199.20		 1.86
1.80		 (52.20)
161.10		 186.00
188.10
Depreciation (97.90)
(97.90)		 (0.98)
(0.98)		 (94.00)
(94.00)		 (91.60)
(91.60)
Net Interest (91.50)
(91.50)		 (0.90)
(0.90)		 (84.80)
(85.60)		 (84.80)
(84.80)
Profit Before Tax 3.90
9.80		 (0.02)
(0.08)		 (231.00)
(18.50)		 9.60
11.70
         
Revenue per Share 297.63p 2.79p 229.50p 244.69p
Pre-Tax Profit per Share 0.97p
2.43p		 n/a
(0.020p)		 (57.63p)
(4.62p)		 2.40p
2.92p
Market Capitalisation £ (Millions) 921.37 1,002.76 623.28 569.54
Enterprise Value (EV) £ (Millions) 2,108.57 2,269.96 1,793.58 1,735.64
EBITDA/EV 9.17%
9.45%		 0.08%
0.08%		 (2.91%)
8.98%		 10.72%
10.84%
Operating Margin 7.96%
8.45%		 7.86%
7.33%		 (15.89%)
7.29%		 9.62%
9.84%
Capital Employed £ (Millions) 1,626.30 1,694.90 1,613.00 1,639.60
Return on Capital Employed 5.87%
6.23%		 0.05%
0.05%		 n/a
4.16%		 5.76%
5.89%
Invested Equity Capital £ (Millions) 787.20 767.30 760.50 991.30
         
Earnings per Share - Basic 2.10p
3.15p		 (2.40p)
(7.34p)		 (58.40p)
(5.16p)		 1.80p
2.32p
Earnings per Share - Diluted 2.10p
3.08p		 (2.40p)
(7.34p)		 (58.40p)
(5.16p)		 1.80p
2.28p
Earnings per Share - Adjusted 4.20p (7.10)p (5.20)p 2.40p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a
PE Ratio - Diluted 108.6
74.0		 n/a
n/a		 n/a
n/a		 78.9
62.2
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate (110.26%) (368.42%) (1.26%) 25.00%
Dividend Cover 8.40
6.31		 n/a
n/a		 n/a
n/a		 1.85
1.78
Interest Cover 1.04
1.11		 0.98
0.91		 (1.70)
0.78		 1.11
1.14
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 2.10p
3.15p		 (0.024p)
(0.074p)		 (58.40p)
(5.16p)		 1.80p
2.32p
Earnings per Share - Diluted 2.10p
3.08p		 (0.024p)
(0.074p)		 (58.40p)
(5.16p)		 1.80p
2.28p
Earnings per Share - Adjusted 4.20p (0.072p) (5.20p) 2.40p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a
PE Ratio - Diluted 108.6
74.0		 n/a
n/a		 n/a
n/a		 78.9
62.2
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 8.40
6.31		 n/a
n/a		 n/a
n/a		 1.85
1.78
Return on Equity (ROE) 1.09%
1.61%		 (0.01%)
(0.04%)		 (30.76%)
(2.72%)		 0.73%
0.94%
Operating Cash Flow per Share 45.10p 45.89p 39.84p 50.32p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (31.89p) 0.24p 3.87p 10.75p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 0.50p n/a n/a 1.30p
Dividend per Share Growth n/a n/a n/a n/a
Dividend Yield 0.2% 0.0% 0.0% 0.9%
Shareholders Funds 731.00 709.60 706.60 939.90
Net Borrowings £ (Millions) 1,116.60 1,064.60 1,064.00 1,075.30
Net Asset Value per Share (inc. Intangibles) 95.66p 93.59p 97.00p 105.31p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 731.00 709.60 706.60 939.90
Net Borrowings £ (Millions) 1,116.60 1,064.60 1,064.00 1,075.30
Net Gearing 152.75% 150.03% 150.58% 114.41%
Cash & Near Cash 74.20 202.60 106.30 90.80
Cash 10.15% 28.55% 15.04% 9.66%
Gross Borrowings 1,190.80 1,267.20 1,170.30 1,166.10
Gross Gearing 162.90% 178.58% 165.62% 124.07%
Borrowings Under 5 years 1,190.80 1,267.20 1,170.30 1,166.10
Under 5 years 162.90% 178.58% 165.62% 124.07%
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 385.20 374.80 388.80 422.10
Net Borrowings £ (Millions) 1,116.60 1,064.60 1,064.00 1,075.30
Net Gearing 289.88% 284.04% 273.66% 254.75%
Cash & Near Cash 74.20 202.60 106.30 90.80
Cash 19.26% 54.06% 27.34% 21.51%
Gross Borrowings 1,190.80 1,267.20 1,170.30 1,166.10
Gross Gearing 309.14% 338.10% 301.00% 276.26%
Borrowings Under 5 years 1,190.80 1,267.20 1,170.30 1,166.10
Under 5 years 309.14% 338.10% 301.00% 276.26%
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.63 1.00 0.82 0.81
Current Ratio 0.77 1.13 0.97 0.96

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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