Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE Small Cap

159.60p
   
  • Change Today:
    -1.20p
  • 52 Week High: 179.80
  • 52 Week Low: 118.40
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 74,971
  • Market Cap: £399.00m
  • RiskGrade: 127
  • Beta: 0.02

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 4.0% 4.2% 5.1%
       
Continuing Operations      
PE Ratio - Adjusted 17.3 16.8 13.7
PE Ratio - Diluted 17.5
17.5		 16.9
16.9		 13.8
13.8
PEG - Adjusted n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 28.36%
28.36%		 28.66%
28.66%		 29.04%
29.04%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 17.3 16.8 13.7
PE Ratio - Diluted 17.5
17.5		 16.9
16.9		 13.8
13.8
PEG - Adjusted n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing (14.16%) (11.82%) n/a

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value 6.3 6.9 6.2
Price/Tangible Book Value 6.3 6.9 6.2
Price/ Cash Flow 13.6 14.2 106.1
Price/Revenue 3.98 3.89 3.26
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 44.20p 44.62p 43.70p
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations      
Revenue 173.24 197.04 208.62
EBITDA 49.12
49.12		 56.48
56.48		 61.27
61.27
Depreciation n/a
n/a		 n/a
n/a		 (0.69)
(0.69)
Net Interest n/a
n/a		 n/a
n/a		 0.78
0.78
Profit Before Tax 49.12
49.12		 56.48
56.48		 61.36
61.36
       
Revenue per Share 69.54p 79.11p 83.74p
Pre-Tax Profit per Share 19.72p
19.72p		 22.68p
22.68p		 24.63p
24.63p
Market Capitalisation £ (Millions) 691.25 770.00 682.50
Enterprise Value (EV) £ (Millions) 691.44 770.19 682.50
EBITDA/EV 7.10%
7.10%		 7.33%
7.33%		 8.98%
8.98%
Operating Margin 28.36%
28.36%		 28.66%
28.66%		 29.04%
29.04%
Capital Employed £ (Millions) 110.44 111.33 108.87
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 266.52 267.42 265.15
       
Earnings per Share - Basic 15.98p
15.98p		 18.35p
18.35p		 19.90p
19.90p
Earnings per Share - Diluted 15.82p
15.82p		 18.22p
18.22p		 19.77p
19.77p
Earnings per Share - Adjusted 15.98p 18.35p 19.90p
Earnings per Share Growth - Basic -13%
-13%		 -8%
-8%		 n/a
n/a
Earnings per Share Growth - Diluted -13%
-13%		 -8%
-8%		 n/a
n/a
Earnings per Share Growth - Adjusted -13% -8% n/a
PE Ratio - Diluted 17.5
17.5		 16.9
16.9		 13.8
13.8
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 18.98% 19.07% 19.22%
Dividend Cover 1.44
1.44		 1.43
1.43		 1.42
1.42
Interest Cover n/a
n/a		 n/a
n/a		 n/a
n/a
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 15.98p
15.98p		 18.35p
18.35p		 19.90p
19.90p
Earnings per Share - Diluted 15.82p
15.82p		 18.22p
18.22p		 19.77p
19.77p
Earnings per Share - Adjusted 15.98p 18.35p 19.90p
Earnings per Share Growth - Basic -13%
-13%		 -8%
-8%		 n/a
n/a
Earnings per Share Growth - Diluted -13%
-13%		 -8%
-8%		 n/a
n/a
Earnings per Share Growth - Adjusted -13% -8% n/a
PE Ratio - Diluted 17.5
17.5		 16.9
16.9		 13.8
13.8
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 1.44
1.44		 1.43
1.43		 1.42
1.42
Return on Equity (ROE) 14.93%
14.93%		 17.09%
17.09%		 18.69%
18.69%
Operating Cash Flow per Share 20.35p 21.73p 2.57p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share 2.45p 3.60p (4.66p)
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 11.10p 12.80p 14.00p
Dividend per Share Growth (13.28%) (8.57%) n/a
Dividend Yield 4.0% 4.2% 5.1%
Shareholders Funds 266.40 267.42 265.15
Net Borrowings £ (Millions) (37.71) (31.60) (22.82)
Net Asset Value per Share (inc. Intangibles) 44.20p 44.62p 43.70p

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 266.40 267.42 265.15
Net Borrowings £ (Millions) (37.71) (31.60) (22.82)
Net Gearing (14.16%) (11.82%) n/a
Cash & Near Cash 37.90 31.79 22.82
Cash 14.23% 11.89% 8.61%
Gross Borrowings 0.19 0.19 n/a
Gross Gearing 0.07% 0.07% n/a
Borrowings Under 5 years 0.19 0.19 n/a
Under 5 years 0.07% 0.07% n/a
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-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 110.12 111.14 108.87
Net Borrowings £ (Millions) (37.71) (31.60) (22.82)
Net Gearing (34.24%) (28.43%) n/a
Cash & Near Cash 37.90 31.79 22.82
Cash 34.42% 28.60% 20.96%
Gross Borrowings 0.19 0.19 n/a
Gross Gearing 0.18% 0.17% n/a
Borrowings Under 5 years 0.19 0.19 n/a
Under 5 years 0.18% 0.17% n/a
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-20 31-Dec-19 31-Dec-18
Quick Ratio n/a n/a n/a
Current Ratio n/a n/a 4.72

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.

 

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