Ibstock (IBST)

Sector:

Construction and Building Materials

Index:

FTSE 250

168.60p
   
  • Change Today:
      1.60p
  • 52 Week High: 208.50
  • 52 Week Low: 144.80
  • Currency: UK Pounds
  • Shares Issued: 394.01m
  • Volume: 497,995
  • Market Cap: £664.30m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-16
Annualisation Factor 1.0 n/a 1.0 0.3 1.0
Dividend Yield 5.7% 3.7% 0.8% 1.0% 4.1%
           
Continuing Operations          
PE Ratio - Adjusted 6.8 14.7 51.6 17.2 10.3
PE Ratio - Diluted 7.2
7.8		 26.5
14.8		 n/a
n/a		 19.6
17.2		 8.4
10.4
PEG - Adjusted 0.1 0.1 n/a 17.2 1.0
PEG - Diluted 0.0
0.2		 n/a
n/a		 n/a
n/a		 n/a
8.6		 n/a
1.2
Return on Capital Employed 19.50%
18.36%		 0.13%
0.14%		 n/a
n/a		 4.89%
5.40%		 24.99%
20.56%
Operating Margin 20.95%
19.72%		 17.11%
18.33%		 (6.20%)
(3.40%)		 20.53%
22.69%		 26.21%
21.56%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.8 1,452.5 51.6 51.6 10.3
PE Ratio - Diluted 7.2
7.8		 2,622.1
1,461.9		 n/a
n/a		 59.1
52.0		 8.4
11.2
PEG - Adjusted 0.0 n/a n/a n/a 1.0
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
11.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-16
Net Gearing 18.99% 15.61% 24.70% 24.81% 40.30%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-16
Price/Book Value 1.9 2.5 2.8 3.6 3.7
Price/Tangible Book Value 1.9 2.5 2.8 3.6 3.7
Price/ Cash Flow 5.1 9.6 19.5 16.9 8.1
Price/Revenue 1.22 202.13 2.67 9.43 1.74
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 80.94p 80.32p 73.95p 88.57p 50.78p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-16
Continuing Operations          
Revenue 512.89 4.12 316.17 136.42 434.69
EBITDA 145.95
139.67		 1.09
1.14		 16.86
25.74		 28.01
30.95		 113.95
93.73
Depreciation (38.52)
(38.52)		 (0.39)
(0.39)		 (36.48)
(36.48)		 n/a
n/a		 n/a
n/a
Net Interest (2.66)
(2.66)		 (0.05)
(0.05)		 (4.33)
(3.91)		 (0.68)
(0.68)		 (3.08)
(3.61)
Profit Before Tax 104.76
98.49		 0.66
0.71		 (23.94)
(14.65)		 27.33
30.27		 110.86
90.12
           
Revenue per Share 127.35p 1.01p 77.24p 33.41p 107.06p
Pre-Tax Profit per Share 26.01p
24.45p		 0.16p
0.17p		 (5.85p)
(3.58p)		 6.69p
7.41p		 27.30p
22.20p
Market Capitalisation £ (Millions) 634.11 834.68 846.15 1,289.17 756.97
Enterprise Value (EV) £ (Millions) 765.25 958.74 963.96 1,423.87 935.57
EBITDA/EV 19.07%
18.25%		 0.11%
0.12%		 1.75%
2.67%		 1.97%
2.17%		 12.18%
10.02%
Operating Margin 20.95%
19.72%		 17.11%
18.33%		 (6.20%)
(3.40%)		 20.53%
22.69%		 26.21%
21.56%
Capital Employed £ (Millions) 550.92 556.44 493.51 573.25 455.94
Return on Capital Employed 19.50%
18.36%		 0.13%
0.14%		 n/a
n/a		 4.89%
5.40%		 24.99%
20.56%
Invested Equity Capital £ (Millions) 507.81 523.81 470.86 541.13 400.63
           
Earnings per Share - Basic 21.60p
20.02p		 7.80p
13.86p		 (6.80p)
(4.57p)		 16.30p
18.44p		 22.30p
18.09p
Earnings per Share - Diluted 21.50p
19.92p		 7.70p
13.81p		 (6.80p)
(4.55p)		 16.10p
18.28p		 22.10p
17.97p
Earnings per Share - Adjusted 22.70p 13.90p 4.00p 18.30p 18.10p
Earnings per Share Growth - Basic 177%
44%		 n/a
n/a		 n/a
n/a		 -27%
2%		 -32%
10%
Earnings per Share Growth - Diluted 179%
44%		 n/a
n/a		 n/a
n/a		 -27%
2%		 -32%
9%
Earnings per Share Growth - Adjusted 63% 248% -78% 1% 10%
PE Ratio - Diluted 7.2
7.8		 26.5
14.8		 n/a
n/a		 19.6
17.2		 8.4
10.4
PEG - Diluted 0.0
0.2		 n/a
n/a		 n/a
n/a		 n/a
8.6		 n/a
1.2
Tax Rate 17.07% 51.01% (17.05%) 18.92% 18.49%
Dividend Cover 2.58
2.28		 1.85
1.85		 2.50
(2.86)		 5.72
5.76		 2.35
2.35
Interest Cover 24.01
22.63		 12.14
12.99		 (2.92)
(1.57)		 18.32
20.18		 26.36
21.62
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 21.60p
20.02p		 0.079p
0.14p		 (6.80p)
(4.57p)		 5.40p
6.12p		 22.30p
16.78p
Earnings per Share - Diluted 21.50p
19.92p		 0.078p
0.14p		 (6.80p)
(4.55p)		 5.33p
6.06p		 22.10p
16.68p
Earnings per Share - Adjusted 22.70p 0.14p 4.00p 6.10p 18.10p
Earnings per Share Growth - Basic 27,334%
14,209%		 n/a
n/a		 n/a
n/a		 -76%
-64%		 -32%
2%
Earnings per Share Growth - Diluted 27,562%
14,190%		 n/a
n/a		 n/a
n/a		 -76%
-64%		 -32%
1%
Earnings per Share Growth - Adjusted 16,079% -96% -34% -66% 10%
PE Ratio - Diluted 7.2
7.8		 2,622.1
1,461.9		 n/a
n/a		 59.1
52.0		 8.4
11.2
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
11.2
Dividend Cover 2.58
2.28		 0.02
0.02		 2.50
(2.86)		 1.91
1.91		 2.35
2.18
Return on Equity (ROE) 17.11%
15.88%		 0.06%
0.11%		 (5.95%)
(3.97%)		 4.07%
4.61%		 22.55%
17.01%
Operating Cash Flow per Share 30.27p 21.14p 10.59p 18.66p 22.97p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (1.72p) 0.10p 0.13p (1.38p) (1.69p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 8.80p 7.50p 1.60p 3.20p 7.70p
Dividend per Share Growth 17.33% 368.75% (50.00%) (58.44%) 75.00%
Dividend Yield 5.7% 3.7% 0.8% 1.0% 4.1%
Shareholders Funds 416.16 423.23 397.87 464.30 329.46
Net Borrowings £ (Millions) 79.03 66.06 98.26 115.21 132.77
Net Asset Value per Share (inc. Intangibles) 80.92p 80.32p 73.95p 88.57p 50.78p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-16
Shareholders' Funds inc Intangibles 416.16 423.23 397.87 464.30 329.46
Net Borrowings £ (Millions) 79.03 66.06 98.26 115.21 132.77
Net Gearing 18.99% 15.61% 24.70% 24.81% 40.30%
Cash & Near Cash 54.28 61.20 19.55 19.49 45.83
Cash 13.04% 14.46% 4.91% 4.20% 13.91%
Gross Borrowings 133.31 127.25 117.81 134.71 178.60
Gross Gearing 32.03% 30.07% 29.61% 29.01% 54.21%
Borrowings Under 5 years 133.31 127.25 117.81 134.71 178.60
Under 5 years 32.03% 30.07% 29.61% 29.01% 54.21%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-16
Shareholders' Funds exc Intangibles 325.92 328.60 302.71 361.71 206.17
Net Borrowings £ (Millions) 79.03 66.06 98.26 115.21 132.77
Net Gearing 24.25% 20.10% 32.46% 31.85% 64.40%
Cash & Near Cash 54.28 61.20 19.55 19.49 45.83
Cash 16.66% 18.62% 6.46% 5.39% 22.23%
Gross Borrowings 133.31 127.25 117.81 134.71 178.60
Gross Gearing 40.90% 38.73% 38.92% 37.24% 86.63%
Borrowings Under 5 years 133.31 127.25 117.81 134.71 178.60
Under 5 years 40.90% 38.73% 38.92% 37.24% 86.63%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-16
Quick Ratio 0.94 1.15 0.80 0.76 0.97
Current Ratio 1.67 1.80 1.45 1.58 1.85

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.

 

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