£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Annualisation Factor | 1.0 | 1.0 | n/a | 1.0 | 1.0 |
Dividend Yield | 6.3% | 4.4% | 3.9% | 3.3% | 4.7% |
Continuing Operations | |||||
PE Ratio - Adjusted | 14.8 | 21.6 | 26.7 | 29.8 | 21.3 |
PE Ratio - Diluted | n/a n/a |
11.9 11.9 |
17.6 28.1 |
25.3 29.8 |
16.4 21.5 |
PEG - Adjusted | 2.5 | 1.4 | n/a | 7.5 | 2.7 |
PEG - Diluted | n/a n/a |
0.3 0.1 |
0.7 n/a |
n/a 6.0 |
n/a 3.1 |
Return on Capital Employed | n/a n/a |
6.05% 6.06% |
0.06% 0.04% |
4.88% 4.35% |
5.41% 4.38% |
Operating Margin | (61.10%) (61.17%) |
134.26% 83.78% |
116.31% 83.20% |
94.17% 83.95% |
103.91% 84.18% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 14.8 | 21.6 | 2,645.5 | 29.8 | 21.3 |
PE Ratio - Diluted | n/a n/a |
11.9 21.4 |
1,742.2 2,782.2 |
25.3 29.8 |
16.4 21.5 |
PEG - Adjusted | 2.5 | 0.0 | n/a | 7.5 | 2.7 |
PEG - Diluted | n/a n/a |
0.0 0.0 |
n/a n/a |
n/a 6.0 |
n/a 3.1 |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Net Gearing | 71.47% | 56.24% | 59.29% | 63.62% | 52.18% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Price/Book Value | 0.9 | 1.0 | 1.3 | 1.5 | 1.1 |
Price/Tangible Book Value | 0.9 | 1.0 | 1.3 | 1.5 | 1.1 |
Price/ Cash Flow | 15.4 | 19.7 | 24.8 | 30.3 | 18.8 |
Price/Revenue | 9.61 | 13.59 | 1,572.10 | 18.03 | 13.41 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 53.66p | 64.36p | 57.57p | 54.10p | 53.51p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Continuing Operations | |||||
Revenue | 150.40 | 136.90 | 1.22 | 111.50 | 102.40 |
EBITDA | (91.90) (92.00) |
183.80 114.70 |
1.42 1.01 |
105.00 93.60 |
106.40 86.20 |
Depreciation | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Net Interest | (27.30) (27.30) |
(28.00) (28.00) |
(0.33) (0.33) |
(26.10) (26.10) |
(22.40) (22.40) |
Profit Before Tax | (119.20) (119.30) |
155.80 156.10 |
1.09 0.69 |
78.90 67.50 |
84.00 63.80 |
Revenue per Share | 5.08p | 4.92p | 0.046p | 4.63p | 4.28p |
Pre-Tax Profit per Share | (4.03p) (4.03p) |
5.60p 5.61p |
0.041p 0.026p |
3.28p 2.80p |
3.51p 2.67p |
Market Capitalisation £ (Millions) | 1,446.55 | 1,972.45 | 1,926.41 | 2,015.06 | 1,376.67 |
Enterprise Value (EV) £ (Millions) | 2,698.75 | 3,145.95 | 2,865.91 | 2,841.46 | 2,045.17 |
EBITDA/EV | (3.41%) (3.41%) |
5.84% 3.65% |
0.05% 0.04% |
3.70% 3.29% |
5.20% 4.21% |
Operating Margin | (61.10%) (61.17%) |
134.26% 83.78% |
116.31% 83.20% |
94.17% 83.95% |
103.91% 84.18% |
Capital Employed £ (Millions) | 2,840.10 | 3,039.50 | 2,484.90 | 2,149.50 | 1,966.00 |
Return on Capital Employed | n/a n/a |
6.05% 6.06% |
0.06% 0.04% |
4.88% 4.35% |
5.41% 4.38% |
Invested Equity Capital £ (Millions) | 1,587.50 | 1,789.60 | 1,530.70 | 1,302.40 | 1,279.90 |
Earnings per Share - Basic | (4.00p) (4.03p) |
5.60p 5.62p |
4.10p 2.57p |
3.30p 2.80p |
3.50p 2.67p |
Earnings per Share - Diluted | (4.00p) (4.03p) |
5.60p 5.62p |
4.10p 2.57p |
3.30p 2.80p |
3.50p 2.67p |
Earnings per Share - Adjusted | 3.30p | 3.10p | 2.70p | 2.80p | 2.70p |
Earnings per Share Growth - Basic | n/a n/a |
37% 119% |
24% -8% |
-6% 5% |
-5% 7% |
Earnings per Share Growth - Diluted | n/a n/a |
37% 119% |
24% -8% |
-6% 5% |
-5% 7% |
Earnings per Share Growth - Adjusted | 6% | 15% | -4% | 4% | 8% |
PE Ratio - Diluted | n/a n/a |
11.9 11.9 |
17.6 28.1 |
25.3 29.8 |
16.4 21.5 |
PEG - Diluted | n/a n/a |
0.3 0.1 |
0.7 n/a |
n/a 6.0 |
n/a 3.1 |
Tax Rate | n/a | (0.06%) | n/a | n/a | n/a |
Dividend Cover | 1.07 (1.31) |
1.06 1.92 |
0.96 0.91 |
1.01 1.02 |
1.01 1.00 |
Interest Cover | (3.12) (3.13) |
6.49 6.50 |
4.34 3.11 |
4.02 3.59 |
4.73 3.84 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (4.00p) (4.03p) |
5.60p 3.12p |
0.041p 0.026p |
3.30p 2.80p |
3.50p 2.67p |
Earnings per Share - Diluted | (4.00p) (4.03p) |
5.60p 3.12p |
0.041p 0.026p |
3.30p 2.80p |
3.50p 2.67p |
Earnings per Share - Adjusted | 3.30p | 3.10p | 0.027p | 2.80p | 2.70p |
Earnings per Share Growth - Basic | n/a n/a |
13,431% 11,938% |
-99% -99% |
-6% 5% |
-5% 7% |
Earnings per Share Growth - Diluted | n/a n/a |
13,431% 11,940% |
-99% -99% |
-6% 5% |
-5% 7% |
Earnings per Share Growth - Adjusted | 6% | 11,274% | -99% | 4% | 8% |
PE Ratio - Diluted | n/a n/a |
11.9 21.4 |
1,742.2 2,782.2 |
25.3 29.8 |
16.4 21.5 |
PEG - Diluted | n/a n/a |
0.0 0.0 |
n/a n/a |
n/a 6.0 |
n/a 3.1 |
Dividend Cover | 1.07 (1.31) |
1.06 1.07 |
0.01 0.01 |
1.01 1.02 |
1.01 1.00 |
Return on Equity (ROE) | (7.51%) (7.51%) |
8.71% 4.85% |
0.07% 0.05% |
6.06% 5.18% |
6.56% 4.98% |
Operating Cash Flow per Share | 3.18p | 3.40p | 2.91p | 2.75p | 3.05p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (4.24p) | 7.08p | 0.011p | 0.008p | (0.43p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 3.08p | 2.93p | 2.82p | 2.76p | 2.68p |
Dividend per Share Growth | 5.12% | 3.90% | 2.17% | 2.99% | 9.16% |
Dividend Yield | 6.3% | 4.4% | 3.9% | 3.3% | 4.7% |
Shareholders Funds | 1,587.50 | 1,789.60 | 1,530.70 | 1,302.40 | 1,279.90 |
Net Borrowings £ (Millions) | 1,134.60 | 1,006.40 | 907.60 | 828.60 | 667.80 |
Net Asset Value per Share (inc. Intangibles) | 53.66p | 64.36p | 57.57p | 54.10p | 53.51p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds inc Intangibles | 1,587.50 | 1,789.60 | 1,530.70 | 1,302.40 | 1,279.90 |
Net Borrowings £ (Millions) | 1,134.60 | 1,006.40 | 907.60 | 828.60 | 667.80 |
Net Gearing | 71.47% | 56.24% | 59.29% | 63.62% | 52.18% |
Cash & Near Cash | 118.00 | 243.50 | 46.60 | 18.50 | 18.30 |
Cash | 7.43% | 13.61% | 3.04% | 1.42% | 1.43% |
Gross Borrowings | 1,252.60 | 1,249.90 | 954.20 | 847.10 | 686.10 |
Gross Gearing | 78.90% | 69.84% | 62.34% | 65.04% | 53.61% |
Borrowings Under 5 years | 1,252.60 | 1,249.90 | 954.20 | 847.10 | 686.10 |
Under 5 years | 78.90% | 69.84% | 62.34% | 65.04% | 53.61% |
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-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Shareholders' Funds exc Intangibles | 1,587.50 | 1,789.60 | 1,530.70 | 1,302.40 | 1,279.90 |
Net Borrowings £ (Millions) | 1,134.60 | 1,006.40 | 907.60 | 828.60 | 667.80 |
Net Gearing | 71.47% | 56.24% | 59.29% | 63.62% | 52.18% |
Cash & Near Cash | 118.00 | 243.50 | 46.60 | 18.50 | 18.30 |
Cash | 7.43% | 13.61% | 3.04% | 1.42% | 1.43% |
Gross Borrowings | 1,252.60 | 1,249.90 | 954.20 | 847.10 | 686.10 |
Gross Gearing | 78.90% | 69.84% | 62.34% | 65.04% | 53.61% |
Borrowings Under 5 years | 1,252.60 | 1,249.90 | 954.20 | 847.10 | 686.10 |
Under 5 years | 78.90% | 69.84% | 62.34% | 65.04% | 53.61% |
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) | |
Cover | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Quick Ratio | n/a | n/a | n/a | n/a | n/a |
Current Ratio | 1.95 | 4.64 | 1.34 | 0.88 | 0.72 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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