Ibstock (IBST)

Sector:

Construction and Building Materials

Index:

FTSE 250

109.20p
   
  • Change Today:
    -5.20p
  • 52 Week High: 196.80
  • 52 Week Low: 108.58
  • Currency: UK Pounds
  • Shares Issued: 394.71m
  • Volume: 4,698,391
  • Market Cap: £431.03m

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Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 2.3% 0.0% 5.7% 3.7% 0.8%
           
Continuing Operations          
PE Ratio - Adjusted 22.9 10.9 6.8 14.7 51.6
PE Ratio - Diluted 46.3
24.9		 28.6
11.6		 7.2
7.8		 26.5
14.8		 n/a
n/a
PEG - Adjusted n/a n/a 0.1 0.1 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.2		 n/a
n/a		 n/a
n/a
Return on Capital Employed 4.62%
6.83%		 5.98%
11.23%		 19.50%
18.36%		 0.13%
0.14%		 n/a
n/a
Operating Margin 7.39%
10.93%		 8.63%
16.21%		 20.95%
19.72%		 17.11%
18.33%		 (6.20%)
(3.40%)
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.9 10.9 6.8 1,452.5 51.6
PE Ratio - Diluted 46.3
24.9		 28.6
11.6		 7.2
7.8		 2,622.1
1,461.9		 n/a
n/a
PEG - Adjusted n/a n/a 0.0 n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Gearing 39.63% 36.12% 18.99% 15.61% 24.70%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Price/Book Value 2.2 1.9 1.9 2.5 2.8
Price/Tangible Book Value 2.2 1.9 1.9 2.5 2.8
Price/ Cash Flow 12.9 10.2 5.1 9.6 19.5
Price/Revenue 1.89 1.46 1.22 202.13 2.67
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 81.74p 81.04p 80.94p 80.32p 73.95p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 366.21 405.84 512.89 4.12 316.17
EBITDA 56.85
69.82		 64.35
95.11		 145.95
139.67		 1.09
1.14		 16.86
25.74
Depreciation (29.78)
(29.78)		 (29.31)
(29.31)		 (38.52)
(38.52)		 (0.39)
(0.39)		 (36.48)
(36.48)
Net Interest (6.39)
(6.39)		 (4.96)
(4.96)		 (2.66)
(2.66)		 (0.05)
(0.05)		 (4.33)
(3.91)
Profit Before Tax 20.68
33.65		 30.07
60.83		 104.76
98.49		 0.66
0.71		 (23.94)
(14.65)
           
Revenue per Share 93.16p 103.47p 127.35p 1.01p 77.24p
Pre-Tax Profit per Share 5.26p
8.56p		 7.67p
15.51p		 26.01p
24.45p		 0.16p
0.17p		 (5.85p)
(3.58p)
Market Capitalisation £ (Millions) 720.95 620.59 634.11 834.68 846.15
Enterprise Value (EV) £ (Millions) 885.56 787.74 765.25 958.74 963.96
EBITDA/EV 6.42%
7.88%		 8.17%
12.07%		 19.07%
18.25%		 0.11%
0.12%		 1.75%
2.67%
Operating Margin 7.39%
10.93%		 8.63%
16.21%		 20.95%
19.72%		 17.11%
18.33%		 (6.20%)
(3.40%)
Capital Employed £ (Millions) 586.21 585.66 550.92 556.44 493.51
Return on Capital Employed 4.62%
6.83%		 5.98%
11.23%		 19.50%
18.36%		 0.13%
0.14%		 n/a
n/a
Invested Equity Capital £ (Millions) 494.23 499.36 507.81 523.81 470.86
           
Earnings per Share - Basic 3.80p
7.14p		 5.40p
13.21p		 21.60p
20.02p		 7.80p
13.86p		 (6.80p)
(4.57p)
Earnings per Share - Diluted 3.80p
7.08p		 5.30p
13.10p		 21.50p
19.92p		 7.70p
13.81p		 (6.80p)
(4.55p)
Earnings per Share - Adjusted 7.70p 13.90p 22.70p 13.90p 4.00p
Earnings per Share Growth - Basic -30%
-46%		 -75%
-34%		 177%
44%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -28%
-46%		 -75%
-34%		 179%
44%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted -45% -39% 63% 248% -78%
PE Ratio - Diluted 46.3
24.9		 28.6
11.6		 7.2
7.8		 26.5
14.8		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.2		 n/a
n/a		 n/a
n/a
Tax Rate 27.02% 29.96% 17.07% 51.01% (17.05%)
Dividend Cover 1.92
1.78		 n/a
n/a		 2.58
2.28		 1.85
1.85		 2.50
(2.86)
Interest Cover 3.50
5.06		 6.07
11.25		 24.01
22.63		 12.14
12.99		 (2.92)
(1.57)
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 3.80p
7.14p		 5.40p
13.21p		 21.60p
20.02p		 0.079p
0.14p		 (6.80p)
(4.57p)
Earnings per Share - Diluted 3.80p
7.08p		 5.30p
13.10p		 21.50p
19.92p		 0.078p
0.14p		 (6.80p)
(4.55p)
Earnings per Share - Adjusted 7.70p 13.90p 22.70p 0.14p 4.00p
Earnings per Share Growth - Basic -30%
-46%		 -75%
-34%		 27,334%
14,209%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -28%
-46%		 -75%
-34%		 27,562%
14,190%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted -45% -39% 16,079% -96% -34%
PE Ratio - Diluted 46.3
24.9		 28.6
11.6		 7.2
7.8		 2,622.1
1,461.9		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 1.92
1.78		 n/a
n/a		 2.58
2.28		 0.02
0.02		 2.50
(2.86)
Return on Equity (ROE) 3.05%
5.68%		 4.22%
10.38%		 17.11%
15.88%		 0.06%
0.11%		 (5.95%)
(3.97%)
Operating Cash Flow per Share 13.65p 14.85p 30.27p 21.14p 10.59p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (3.71p) (7.75p) (1.72p) 0.10p 0.13p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 4.00p n/a 8.80p 7.50p 1.60p
Dividend per Share Growth n/a n/a 17.33% 368.75% (50.00%)
Dividend Yield 2.3% 0.0% 5.7% 3.7% 0.8%
Shareholders Funds 395.26 399.87 416.16 423.23 397.87
Net Borrowings £ (Millions) 156.64 144.45 79.03 66.06 98.26
Net Asset Value per Share (inc. Intangibles) 81.74p 81.04p 80.92p 80.32p 73.95p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Shareholders' Funds inc Intangibles 395.26 399.87 416.16 423.23 397.87
Net Borrowings £ (Millions) 156.64 144.45 79.03 66.06 98.26
Net Gearing 39.63% 36.12% 18.99% 15.61% 24.70%
Cash & Near Cash 9.29 23.87 54.28 61.20 19.55
Cash 2.35% 5.97% 13.04% 14.46% 4.91%
Gross Borrowings 165.93 168.32 133.31 127.25 117.81
Gross Gearing 41.98% 42.09% 32.03% 30.07% 29.61%
Borrowings Under 5 years 165.93 168.32 133.31 127.25 117.81
Under 5 years 41.98% 42.09% 32.03% 30.07% 29.61%
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-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Shareholders' Funds exc Intangibles 321.31 317.85 325.92 328.60 302.71
Net Borrowings £ (Millions) 156.64 144.45 79.03 66.06 98.26
Net Gearing 48.75% 45.45% 24.25% 20.10% 32.46%
Cash & Near Cash 9.29 23.87 54.28 61.20 19.55
Cash 2.89% 7.51% 16.66% 18.62% 6.46%
Gross Borrowings 165.93 168.32 133.31 127.25 117.81
Gross Gearing 51.64% 52.96% 40.90% 38.73% 38.92%
Borrowings Under 5 years 165.93 168.32 133.31 127.25 117.81
Under 5 years 51.64% 52.96% 40.90% 38.73% 38.92%
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-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Quick Ratio 0.41 0.52 0.94 1.15 0.80
Current Ratio 1.35 1.50 1.67 1.80 1.45

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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