TI Fluid Systems (TIFS)

Index:

FTSE 250

140.60p
   
  • Change Today:
      1.40p
  • 52 Week High: 169.20
  • 52 Week Low: 115.20
  • Currency: UK Pounds
  • Shares Issued: 506.03m
  • Volume: 876,606
  • Market Cap: £711.47m

Key Financials

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 3.8% 1.6% 1.1% 2.4% 1.0%
           
Continuing Operations          
PE Ratio - Adjusted 6.9 9.5 26.5 108.2 10.7
PE Ratio - Diluted 11.1
13.4		 n/a
9.5		 108.8
26.7		 n/a
n/a		 11.4
11.4
PEG - Adjusted 0.1 0.2 0.1 n/a n/a
PEG - Diluted n/a
n/a		 n/a
0.2		 n/a
n/a		 n/a
n/a		 3.8
n/a
Return on Capital Employed 14.73%
14.73%		 n/a
12.66%		 0.09%
0.12%		 n/a
n/a		 17.78%
17.74%
Operating Margin 5.57%
5.57%		 (6.64%)
5.51%		 4.26%
5.41%		 (6.26%)
(1.99%)		 7.59%
7.84%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.9 9.5 2,621.2 108.2 10.7
PE Ratio - Diluted 11.1
13.4		 n/a
9.5		 10,782.4
2,648.7		 n/a
n/a		 11.4
11.4
PEG - Adjusted 0.1 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a		 3.8
n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 109.37% 114.54% 79.61% 86.37% 77.79%

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
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) 23.93¢ 14.19¢ 11.38¢ 0.077¢ 1.33¢
Net Cash per Share n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 3,516.20 3,268.30 29.84 2,814.50 3,411.10
EBITDA 374.70
374.70		 (9.40)
387.60		 3.21
3.55		 27.70
148.10		 487.30
495.80
Depreciation (178.90)
(178.90)		 (207.60)
(207.60)		 (1.94)
(1.94)		 (204.00)
(204.00)		 (228.40)
(228.40)
Net Interest (74.70)
(74.70)		 (58.70)
(58.70)		 (0.72)
(0.61)		 (74.00)
(74.00)		 (57.50)
(57.50)
Profit Before Tax 121.10
121.10		 (275.70)
121.30		 0.55
1.02		 (253.80)
(133.40)		 201.70
201.20
           
Revenue per Share 681.96¢ 636.97¢ 5.75¢ 541.46¢ 656.11¢
Pre-Tax Profit per Share 23.49¢
23.49¢		 (53.73¢)
23.64¢		 0.10¢
0.20¢		 (48.83¢)
(25.66¢)		 38.80¢
38.70¢
Market Capitalisation   (Millions) 794.86 695.08 1,326.69 1,275.70 1,383.92
Enterprise Value (EV)   (Millions) 1,927.06 1,949.88 2,563.69 2,488.40 2,668.52
EBITDA/EV 19.44%
19.44%		 (0.48%)
19.88%		 0.13%
0.14%		 1.11%
5.95%		 18.26%
18.58%
Operating Margin 5.57%
5.57%		 (6.64%)
5.51%		 4.26%
5.41%		 (6.26%)
(1.99%)		 7.59%
7.84%
Capital Employed   (Millions) 1,328.90 1,421.60 1,407.70 1,337.30 1,458.00
Return on Capital Employed 14.73%
14.73%		 n/a
12.66%		 0.09%
0.12%		 n/a
n/a		 17.78%
17.74%
Invested Equity Capital   (Millions) 726.50 759.50 1,041.90 968.20 1,298.10
           
Earnings per Share - Basic 16.19¢
13.40¢		 (54.39¢)
16.45¢		 2.76¢
11.23¢		 (48.88¢)
(31.43¢)		 27.24¢
27.14¢
Earnings per Share - Diluted 16.11¢
13.34¢		 (54.39¢)
16.45¢		 2.73¢
11.11¢		 (48.88¢)
(31.28¢)		 27.24¢
27.14¢
Earnings per Share - Adjusted 25.80¢ 16.40¢ 11.23¢ 2.64¢ 28.91¢
Earnings per Share Growth - Basic n/a
-18%		 n/a
46%		 n/a
n/a		 n/a
n/a		 3%
-10%
Earnings per Share Growth - Diluted n/a
-19%		 n/a
48%		 n/a
n/a		 n/a
n/a		 3%
-10%
Earnings per Share Growth - Adjusted 57% 46% 325% -91% -3%
PE Ratio - Diluted 11.1
13.4		 n/a
9.5		 108.8
26.7		 n/a
n/a		 11.4
11.4
PEG - Diluted n/a
n/a		 n/a
0.2		 n/a
n/a		 n/a
n/a		 3.8
n/a
Tax Rate 30.97% (1.20%) 70.43% 0.64% 28.35%
Dividend Cover 3.78
1.96		 6.46
6.48		 3.31
3.31		 0.39
(4.66)		 9.57
8.99
Interest Cover 2.47
2.47		 (3.28)
2.88		 1.72
2.60		 (2.27)
(0.72)		 3.78
3.78
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 16.19¢
13.40¢		 (54.39¢)
16.45¢		 0.028¢
0.11¢		 (48.88¢)
(31.43¢)		 27.24¢
27.14¢
Earnings per Share - Diluted 16.11¢
13.34¢		 (54.39¢)
16.45¢		 0.028¢
0.11¢		 (48.88¢)
(31.28¢)		 27.24¢
27.14¢
Earnings per Share - Adjusted 25.80¢ 16.40¢ 0.11¢ 2.64¢ 28.91¢
Earnings per Share Growth - Basic n/a
-18%		 n/a
14,410%		 n/a
n/a		 n/a
n/a		 3%
-10%
Earnings per Share Growth - Diluted n/a
-19%		 n/a
14,563%		 n/a
n/a		 n/a
n/a		 3%
-10%
Earnings per Share Growth - Adjusted 57% 14,368% -96% -91% -3%
PE Ratio - Diluted 11.1
13.4		 n/a
9.5		 10,782.4
2,648.7		 n/a
n/a		 11.4
11.4
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a		 3.8
n/a
Dividend Cover 3.78
1.96		 6.46
6.48		 0.03
0.03		 0.39
(4.66)		 9.57
8.99
Return on Equity (ROE) 11.49%
9.51%		 (36.75%)
11.11%		 0.01%
0.06%		 (26.24%)
(16.88%)		 10.91%
10.87%
Operating Cash Flow per Share 45.79¢ 32.65¢ 41.44¢ 49.56¢ 64.32¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (11.31¢) (2.24¢) (0.021¢) 21.28¢ 9.27¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 6.83¢ 2.54¢ 3.39¢ 6.74¢ 3.02¢
Dividend per Share Growth 168.90% (25.07%) (49.70%) 123.18% (66.29%)
Dividend Yield 3.8% 1.6% 1.1% 2.4% 1.0%
Shareholders Funds 665.20 676.20 943.50 859.00 1,164.60
Net Borrowings   (Millions) 727.50 774.50 751.10 741.90 905.90
Net Asset Value per Share (inc. Intangibles) 23.82¢ 14.09¢ 11.31¢ (4.77¢) (3.38¢)

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 665.20 676.20 943.50 859.00 1,164.60
Net Borrowings   (Millions) 727.50 774.50 751.10 741.90 905.90
Net Gearing 109.37% 114.54% 79.61% 86.37% 77.79%
Cash & Near Cash 416.70 491.00 499.10 485.80 411.70
Cash 62.64% 72.61% 52.90% 56.55% 35.35%
Gross Borrowings 1,144.20 1,265.50 1,250.20 1,227.70 1,317.60
Gross Gearing 172.01% 187.15% 132.51% 142.92% 113.14%
Borrowings Under 5 years 1,144.20 1,265.50 1,250.20 1,227.70 1,317.60
Under 5 years 172.01% 187.15% 132.51% 142.92% 113.14%
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-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 122.80 72.30 58.70 (24.80) (17.60)
Net Borrowings   (Millions) 727.50 774.50 751.10 741.90 905.90
Net Gearing 592.43% 1,071.23% 1,279.56% n/a n/a
Cash & Near Cash 416.70 491.00 499.10 485.80 411.70
Cash 339.33% 679.11% 850.26% (1,958.87%) (2,339.21%)
Gross Borrowings 1,144.20 1,265.50 1,250.20 1,227.70 1,317.60
Gross Gearing 931.76% 1,750.35% 2,129.81% 4,950.41% 7,486.37%
Borrowings Under 5 years 1,144.20 1,265.50 1,250.20 1,227.70 1,317.60
Under 5 years 931.76% 1,750.35% 2,129.81% (4,950.41%) (7,486.37%)
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-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 1.34 1.55 1.57 1.45 1.39
Current Ratio 1.86 2.10 2.08 1.94 1.88

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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