Merit Group (MRIT)

Sector:

Media

 69.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 71.66
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 23.96m
  • Volume: 1,361
  • Market Cap: £16.65m

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 3.6% 12.9% 0.0%
       
Continuing Operations      
PE Ratio - Adjusted 6.3 8.3 7.2
PE Ratio - Diluted 233.3
986.2		 n/a
2,492.1		 40.9
814.8
PEG - Adjusted 0.3 n/a n/a
PEG - Diluted n/a
7.7		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 6.67%
8.74%		 9.77%
22.15%
Operating Margin (2.45%)
(0.87%)		 3.26%
4.29%		 0.75%
1.70%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 6.3 8.3 7.2
PE Ratio - Diluted n/a
986.2		 n/a
n/a		 n/a
814.8
PEG - Adjusted 0.3 n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09 31-Dec-08
Net Gearing (3.93%) 19.64% 21.88%

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Price/Book Value (218.7) (294.1) (30.2)
Price/Tangible Book Value (218.7) (294.1) (30.2)
Price/ Cash Flow 173.1 95.3 95.4
Price/Revenue 18.30 18.83 18.91
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (0.89p) (0.73p) (8.25p)
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09 31-Dec-08
Continuing Operations      
Revenue 16.11 17.33 20.05
EBITDA 1.47
1.72		 2.38
2.56		 2.26
2.45
Depreciation (1.86)
(1.86)		 (1.81)
(1.81)		 (2.11)
(2.11)
Net Interest (0.32)
(0.32)		 (0.55)
(0.55)		 (0.80)
(0.80)
Profit Before Tax (0.72)
(0.46)		 0.01
0.19		 (0.65)
(0.46)
       
Revenue per Share 10.60p 11.40p 13.19p
Pre-Tax Profit per Share (0.47p)
(0.30p)		 0.008p
0.12p		 (0.42p)
(0.30p)
Market Capitalisation £ (Millions) 294.87 326.46 379.12
Enterprise Value (EV) £ (Millions) 295.05 322.70 388.21
EBITDA/EV 0.50%
0.58%		 0.74%
0.79%		 0.58%
0.63%
Operating Margin (2.45%)
(0.87%)		 3.26%
4.29%		 0.75%
1.70%
Capital Employed £ (Millions) 0.68 8.50 1.54
Return on Capital Employed n/a
n/a		 6.67%
8.74%		 9.77%
22.15%
Invested Equity Capital £ (Millions) 34.02 36.12 46.27
       
Earnings per Share - Basic 0.83p
0.20p		 (0.83p)
0.086p		 6.10p
0.31p
Earnings per Share - Diluted 0.83p
0.20p		 (0.83p)
0.086p		 6.10p
0.31p
Earnings per Share - Adjusted 31.04p 25.77p 34.64p
Earnings per Share Growth - Basic n/a
128%		 n/a
-72%		 n/a
n/a
Earnings per Share Growth - Diluted n/a
128%		 n/a
-72%		 n/a
n/a
Earnings per Share Growth - Adjusted 20% -26% n/a
PE Ratio - Diluted 233.3
986.2		 n/a
2,492.1		 40.9
814.8
PEG - Diluted n/a
7.7		 n/a
n/a		 n/a
n/a
Tax Rate 106.13% 491.67% 150.93%
Dividend Cover 4.48
0.03		 0.93
n/a		 n/a
n/a
Interest Cover (1.17)
(0.40)		 1.02
1.34		 0.39
0.57
       
Continuing & Discontinued Operations      
Earnings per Share - Basic (24.11p)
0.20p		 (141.89p)
(0.031p)		 (72.61p)
0.31p
Earnings per Share - Diluted (24.11p)
0.20p		 (141.89p)
(0.031p)		 (72.61p)
0.31p
Earnings per Share - Adjusted 31.04p 25.77p 34.64p
Earnings per Share Growth - Basic 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
Earnings per Share Growth - Adjusted 20% -26% n/a
PE Ratio - Diluted n/a
986.2		 n/a
n/a		 n/a
814.8
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 4.48
0.03		 0.93
n/a		 n/a
n/a
Return on Equity (ROE) (3.87%)
0.88%		 (21.55%)
(0.13%)		 (8.61%)
1.01%
Operating Cash Flow per Share 1.12p 2.25p 2.61p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share (4.70p) 0.20p (0.69p)
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 6.93p 27.71p n/a
Dividend per Share Growth (75.00%) n/a n/a
Dividend Yield 3.6% 12.9% 0.0%
Shareholders Funds 32.22 33.52 41.33
Net Borrowings £ (Millions) (1.27) 6.58 9.04
Net Asset Value per Share (inc. Intangibles) (0.89p) (0.73p) (8.25p)

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds inc Intangibles 32.22 33.52 41.33
Net Borrowings £ (Millions) (1.27) 6.58 9.04
Net Gearing (3.93%) 19.64% 21.88%
Cash & Near Cash 1.49 0.43 0.10
Cash 4.61% 1.28% 0.23%
Gross Borrowings 0.22 7.01 9.14
Gross Gearing 0.68% 20.92% 22.12%
Borrowings Under 5 years 0.22 7.01 9.14
Under 5 years 0.68% 20.92% 22.12%
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds exc Intangibles (1.35) (1.11) (12.54)
Net Borrowings £ (Millions) (1.27) 6.58 9.04
Net Gearing 93.99% n/a (72.11%)
Cash & Near Cash 1.49 0.43 0.10
Cash (110.24%) (38.56%) (0.77%)
Gross Borrowings 0.22 7.01 9.14
Gross Gearing 16.25% 631.53% 72.88%
Borrowings Under 5 years 0.22 7.01 9.14
Under 5 years (16.25%) (631.53%) (72.88%)
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-10 31-Dec-09 31-Dec-08
Quick Ratio 0.91 1.78 0.60
Current Ratio 0.94 1.79 0.89

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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