Convatec Group (CTEC)

Sector:

Health Care

Index:

FTSE 100

247.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 293.40
  • 52 Week Low: 196.20
  • Currency: UK Pounds
  • Shares Issued: 2,049.79m
  • Volume: 3,190,779
  • Market Cap: £5,063m
  • RiskGrade: 96
  • Beta: 0.02

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 1.0
Dividend Yield 2.1% 2.4% 2.3% 2.3% 4.1%
           
Continuing Operations          
PE Ratio - Adjusted 22.9 18.4 20.6 21.0 10.8
PE Ratio - Diluted 93.7
48.2		 41.6
42.0		 44.4
39.8		 495.5
21.1		 15.8
21.2
PEG - Adjusted n/a 2.3 10.3 n/a n/a
PEG - Diluted n/a
9.6		 10.4
n/a		 0.0
n/a		 n/a
0.5		 0.4
n/a
Return on Capital Employed 9.13%
23.36%		 0.17%
0.17%		 18.10%
19.15%		 8.58%
32.45%		 26.83%
27.27%
Operating Margin 7.22%
10.11%		 9.56%
9.56%		 11.78%
12.46%		 5.06%
19.15%		 14.54%
14.80%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.9 1,823.6 20.6 21.0 15.8
PE Ratio - Diluted 93.7
48.2		 4,118.8
4,158.7		 44.4
39.8		 495.5
21.1		 15.8
21.1
PEG - Adjusted 0.0 n/a 10.3 3.0 n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 0.0
n/a		 n/a
0.5		 0.4
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 71.84% 57.33% 58.84% 76.16% 82.17%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (26.67¢) (18.10¢) (21.03¢) (30.74¢) (38.87¢)
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-18
Continuing Operations          
Revenue 2,072.50 20.57 1,894.30 1,827.20 1,832.10
EBITDA 358.80
418.70		 4.09
4.09		 223.10
236.00		 302.30
559.70		 266.40
271.20
Depreciation (209.20)
(209.20)		 (2.13)
(2.13)		 n/a
n/a		 (209.80)
(209.80)		 n/a
n/a
Net Interest (67.70)
(67.70)		 (0.44)
(0.44)		 (48.40)
(48.40)		 (73.60)
(73.60)		 (65.20)
(65.20)
Profit Before Tax 81.90
141.80		 1.53
1.53		 174.70
187.60		 18.90
276.30		 201.20
205.50
           
Revenue per Share 102.40¢ 1.02¢ 95.11¢ 92.70¢ 93.66¢
Pre-Tax Profit per Share 4.05¢
7.01¢		 0.076¢
0.076¢		 8.77¢
9.42¢		 0.96¢
14.02¢		 10.29¢
10.51¢
Market Capitalisation $ (Millions) 4,728.52 3,889.71 3,967.26 3,936.28 2,731.97
Enterprise Value (EV) $ (Millions) 5,959.42 5,309.71 5,507.66 5,510.88 4,376.47
EBITDA/EV 6.02%
7.03%		 0.08%
0.08%		 4.05%
4.28%		 5.49%
10.16%		 6.09%
6.20%
Operating Margin 7.22%
10.11%		 9.56%
9.56%		 11.78%
12.46%		 5.06%
19.15%		 14.54%
14.80%
Capital Employed $ (Millions) 896.70 1,160.30 1,232.50 1,078.20 992.80
Return on Capital Employed 9.13%
23.36%		 0.17%
0.17%		 18.10%
19.15%		 8.58%
32.45%		 26.83%
27.27%
Invested Equity Capital $ (Millions) 1,746.00 1,783.70 1,773.60 1,670.50 1,725.80
           
Earnings per Share - Basic 3.10¢
6.07¢		 5.90¢
5.79¢		 5.70¢
6.30¢		 0.50¢
11.77¢		 11.00p
8.19p
Earnings per Share - Diluted 3.10¢
6.02¢		 5.80¢
5.74¢		 5.60¢
6.25¢		 0.50¢
11.74¢		 11.00p
8.18p
Earnings per Share - Adjusted 12.70¢ 13.10¢ 12.10¢ 11.80¢ 16.00p
Earnings per Share Growth - Basic -48%
5%		 4%
-8%		 1,040%
-46%		 -96%
44%		 38%
-15%
Earnings per Share Growth - Diluted -47%
5%		 4%
-8%		 1,020%
-47%		 -96%
44%		 38%
-15%
Earnings per Share Growth - Adjusted -3% 8% 2% -26% n/a
PE Ratio - Diluted 93.7
48.2		 41.6
42.0		 44.4
39.8		 495.5
21.1		 15.8
21.2
PEG - Diluted n/a
9.6		 10.4
n/a		 0.0
n/a		 n/a
0.5		 0.4
n/a
Tax Rate 23.20% 22.27% 35.60% 48.15% (10.14%)
Dividend Cover 2.10
1.00		 2.23
0.99		 2.12
1.10		 2.07
2.07		 n/a
n/a
Interest Cover 2.12
2.94		 4.42
4.42		 4.47
4.73		 1.23
4.39		 4.09
4.15
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 3.10¢
6.07¢		 0.060¢
0.058¢		 5.70¢
6.30¢		 0.50¢
11.77¢		 11.00p
8.21p
Earnings per Share - Diluted 3.10¢
6.02¢		 0.059¢
0.058¢		 5.60¢
6.25¢		 0.50¢
11.74¢		 11.00p
8.21p
Earnings per Share - Adjusted 12.70¢ 0.13¢ 12.10¢ 11.80¢ 11.00p
Earnings per Share Growth - Basic 5,105%
10,274%		 -99%
-99%		 1,040%
-46%		 -96%
43%		 38%
-15%
Earnings per Share Growth - Diluted 5,195%
10,280%		 -99%
-99%		 1,020%
-47%		 -96%
43%		 38%
-15%
Earnings per Share Growth - Adjusted 9,504% -99% 2% 7% -31%
PE Ratio - Diluted 93.7
48.2		 4,118.8
4,158.7		 44.4
39.8		 495.5
21.1		 15.8
21.1
PEG - Diluted 0.0
0.0		 n/a
n/a		 0.0
n/a		 n/a
0.5		 0.4
n/a
Dividend Cover 2.10
1.00		 0.02
0.01		 2.12
1.10		 2.07
2.07		 n/a
n/a
Return on Equity (ROE) 3.60%
7.03%		 0.07%
0.07%		 6.34%
7.07%		 0.59%
13.89%		 12.84%
9.31%
Operating Cash Flow per Share 13.92¢ 15.23¢ 20.06¢ 20.39¢ 18.00¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (15.01¢) (0.050¢) 9.09¢ 3.88¢ 2.13¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 6.05¢ 5.87¢ 5.70¢ 5.70¢ 5.70p
Dividend per Share Growth 3.00% 3.00% n/a n/a n/a
Dividend Yield 2.1% 2.4% 2.3% 2.3% 4.1%
Shareholders Funds 1,609.70 1,694.80 1,670.70 1,561.00 1,617.20
Net Borrowings $ (Millions) 1,156.40 971.70 983.10 1,188.80 1,328.90
Net Asset Value per Share (inc. Intangibles) (26.67¢) (18.10¢) (21.03¢) (30.74¢) (38.87¢)

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 1,609.70 1,694.80 1,670.70 1,561.00 1,617.20
Net Borrowings $ (Millions) 1,156.40 971.70 983.10 1,188.80 1,328.90
Net Gearing 71.84% 57.33% 58.84% 76.16% 82.17%
Cash & Near Cash 143.80 463.40 565.40 385.80 315.60
Cash 8.93% 27.34% 33.84% 24.71% 19.52%
Gross Borrowings 1,300.20 1,435.10 1,548.50 1,574.60 1,644.50
Gross Gearing 80.77% 84.68% 92.69% 100.87% 101.69%
Borrowings Under 5 years 1,300.20 1,435.10 1,548.50 1,574.60 1,644.50
Under 5 years 80.77% 84.68% 92.69% 100.87% 101.69%
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-18
Shareholders' Funds exc Intangibles (539.80) (363.70) (418.90) (605.90) (760.30)
Net Borrowings $ (Millions) 1,156.40 971.70 983.10 1,188.80 1,328.90
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 143.80 463.40 565.40 385.80 315.60
Cash (26.64%) (127.41%) (134.97%) (63.67%) (41.51%)
Gross Borrowings 1,300.20 1,435.10 1,548.50 1,574.60 1,644.50
Gross Gearing 240.87% 394.58% 369.66% 259.88% 216.30%
Borrowings Under 5 years 1,300.20 1,435.10 1,548.50 1,574.60 1,644.50
Under 5 years (240.87%) (394.58%) (369.66%) (259.88%) (216.30%)
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-18
Quick Ratio 1.04 1.41 1.72 1.73 1.81
Current Ratio 1.67 1.95 2.30 2.44 2.73

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: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page