SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

202.40p
   
  • Change Today:
    -1.20p
  • 52 Week High: 281.20p
  • 52 Week Low: 179.50p
  • Currency: UK Pounds
  • Shares Issued: 798.07m
  • Volume: 1,468,294
  • Market Cap: £1,615.29m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 1.2% 0.0% 0.0% 0.0% 1.9%
           
Continuing Operations          
PE Ratio - Adjusted 32.7 n/a n/a n/a 21.3
PE Ratio - Diluted 202.6
62.1		 n/a
n/a		 n/a
n/a		 n/a
n/a		 22.4
18.2
PEG - Adjusted n/a n/a n/a n/a 1.3
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 1.7
1.3
Return on Capital Employed 11.82%
13.10%		 7.29%
2.84%		 n/a
n/a		 n/a
n/a		 52.08%
52.52%
Operating Margin 5.54%
6.34%		 4.19%
1.45%		 (37.07%)
(38.98%)		 (25.56%)
(21.48%)		 7.84%
7.91%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 32.7 n/a n/a n/a 21.3
PE Ratio - Diluted 202.6
39.2		 n/a
n/a		 n/a
n/a		 n/a
n/a		 22.4
18.2
PEG - Adjusted n/a n/a n/a n/a 1.3
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 1.7
1.3

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Net Gearing 628.12% 511.51% 616.06% 1,568.49% 147.38%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Price/Book Value (4.5) (3.9) (5.2) (1.6) (7.0)
Price/Tangible Book Value (3.5) (3.2) (4.3) (1.4) (5.5)
Price/ Cash Flow 3.4 3.5 14.8 352.6 7.7
Price/Revenue 0.54 0.69 229.12 0.59 0.83
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (45.08p) (49.08p) (53.57p) (93.44p) (73.28p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Continuing Operations          
Revenue 3,009.70 2,185.40 8.42 1,433.10 2,794.60
EBITDA 477.60
483.50		 373.20
295.20		 (2.10)
(2.27)		 (366.30)
(307.90)		 219.20
221.10
Depreciation (310.80)
(292.70)		 (281.70)
(263.50)		 (1.02)
(1.02)		 n/a
n/a		 n/a
n/a
Net Interest (79.20)
(79.20)		 (72.90)
(81.50)		 (1.05)
(1.05)		 (59.50)
(59.50)		 (26.10)
(26.10)
Profit Before Tax 88.10
106.30		 25.20
(43.20)		 (4.15)
(4.31)		 (425.80)
(367.40)		 197.20
199.10
           
Revenue per Share 377.89p 274.53p 1.21p 253.05p 617.78p
Pre-Tax Profit per Share 11.06p
13.35p		 3.17p
(5.43p)		 (0.60p)
(0.62p)		 (75.19p)
(64.87p)		 43.59p
44.01p
Market Capitalisation £ (Millions) 1,613.77 1,511.42 2,202.60 803.22 2,283.02
Enterprise Value (EV) £ (Millions) 3,337.87 3,205.92 4,456.60 3,018.72 2,998.92
EBITDA/EV 14.31%
14.49%		 11.64%
9.21%		 (0.05%)
(0.05%)		 (12.13%)
(10.20%)		 7.31%
7.37%
Operating Margin 5.54%
6.34%		 4.19%
1.45%		 (37.07%)
(38.98%)		 (25.56%)
(21.48%)		 7.84%
7.91%
Capital Employed £ (Millions) 1,415.60 1,346.60 1,911.60 1,728.20 428.80
Return on Capital Employed 11.82%
13.10%		 7.29%
2.84%		 n/a
n/a		 n/a
n/a		 52.08%
52.52%
Invested Equity Capital £ (Millions) 276.70 267.80 271.30 161.90 371.60
           
Earnings per Share - Basic 1.00p
3.30p		 (1.30p)
(7.84p)		 (0.52p)
(53.31p)		 (66.20p)
(55.90p)		 23.27p
28.16p
Earnings per Share - Diluted 1.00p
3.26p		 (1.30p)
(7.84p)		 (0.52p)
(53.31p)		 (66.20p)
(55.90p)		 22.94p
28.16p
Earnings per Share - Adjusted 6.20p (7.70)p (0.47)p (59.10)p 24.10p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 13%
12%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 13%
14%
Earnings per Share Growth - Adjusted n/a n/a n/a n/a 16%
PE Ratio - Diluted 202.6
62.1		 n/a
n/a		 n/a
n/a		 n/a
n/a		 22.4
18.2
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 1.7
1.3
Tax Rate 36.53% 82.26% 11.83% 6.60% 22.63%
Dividend Cover 2.48
1.32		 n/a
n/a		 n/a
n/a		 n/a
n/a		 2.47
2.88
Interest Cover 1.92
2.10		 1.32
0.50		 (2.85)
(3.00)		 (5.87)
(4.93)		 7.94
8.01
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 1.00p
5.24p		 (1.30p)
(7.84p)		 0.005p
(0.54p)		 (66.20p)
(55.90p)		 23.27p
28.16p
Earnings per Share - Diluted 1.00p
5.17p		 (1.30p)
(7.84p)		 0.005p
(0.54p)		 (66.20p)
(55.90p)		 22.94p
28.16p
Earnings per Share - Adjusted 6.20p (7.70p) n/a (59.10p) 24.10p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 13%
12%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 13%
14%
Earnings per Share Growth - Adjusted n/a n/a n/a n/a 16%
PE Ratio - Diluted 202.6
39.2		 n/a
n/a		 n/a
n/a		 n/a
n/a		 22.4
18.2
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 1.7
1.3
Dividend Cover 2.48
2.09		 n/a
n/a		 n/a
n/a		 n/a
n/a		 2.47
2.88
Return on Equity (ROE) 2.93%
15.07%		 (3.81%)
(23.30%)		 (1.33%)
(1.38%)		 (231.62%)
(195.55%)		 34.15%
34.28%
Operating Cash Flow per Share 60.10p 54.29p 0.19p 0.42p 66.58p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (28.49p) (30.73p) 0.86p (7.61p) 18.08p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 2.50p n/a n/a n/a 9.77p
Dividend per Share Growth n/a n/a n/a n/a 15.69%
Dividend Yield 1.2% 0.0% 0.0% 0.0% 1.9%
Shareholders Funds 226.20 225.00 240.30 130.10 328.00
Net Borrowings £ (Millions) 1,420.80 1,150.90 1,480.40 2,040.60 483.40
Net Asset Value per Share (inc. Intangibles) (57.12p) (59.88p) (63.67p) (106.14p) (92.65p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Shareholders' Funds inc Intangibles 226.20 225.00 240.30 130.10 328.00
Net Borrowings £ (Millions) 1,420.80 1,150.90 1,480.40 2,040.60 483.40
Net Gearing 628.12% 511.51% 616.06% 1,568.49% 147.38%
Cash & Near Cash 303.30 543.60 773.60 185.00 233.30
Cash 134.08% 241.60% 321.93% 142.20% 71.13%
Gross Borrowings 1,724.10 1,694.50 2,254.00 2,225.60 716.70
Gross Gearing 762.20% 753.11% 937.99% 1,710.68% 218.51%
Borrowings Under 5 years 1,724.10 1,694.50 2,254.00 2,225.60 716.70
Under 5 years 762.20% 753.11% 937.99% 1,710.68% 218.51%
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 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Shareholders' Funds exc Intangibles (454.90) (476.70) (443.80) (601.10) (419.10)
Net Borrowings £ (Millions) 1,420.80 1,150.90 1,480.40 2,040.60 483.40
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 303.30 543.60 773.60 185.00 233.30
Cash (66.67%) (114.03%) (174.31%) (30.78%) (55.67%)
Gross Borrowings 1,724.10 1,694.50 2,254.00 2,225.60 716.70
Gross Gearing 379.01% 355.46% 507.89% 370.25% 171.01%
Borrowings Under 5 years 1,724.10 1,694.50 2,254.00 2,225.60 716.70
Under 5 years (379.01%) (355.46%) (507.89%) (370.25%) (171.01%)
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 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Quick Ratio 0.44 0.66 0.78 0.36 0.61
Current Ratio 0.48 0.69 0.80 0.39 0.67

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: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

Top of Page