AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

358.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 361.50p
  • 52 Week Low: 249.00p
  • Currency: UK Pounds
  • Shares Issued: 413.04m
  • Volume: 574,274
  • Market Cap: £1,478.69m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 3.9% 2.7% 1.7% 1.4% 1.2%
           
Continuing Operations          
PE Ratio - Adjusted 16.5 23.6 37.3 47.4 55.1
PE Ratio - Diluted 16.6
16.6		 23.7
23.7		 37.4
37.4		 47.6
47.6		 55.4
55.4
PEG - Adjusted 0.4 3.9 2.9 1.8 1.8
PEG - Diluted 0.4
0.4		 4.0
4.0		 2.9
2.9		 1.8
1.8		 1.7
1.7
Return on Capital Employed 52.18%
51.88%		 43.15%
44.15%		 0.42%
0.42%		 40.45%
40.59%		 46.28%
45.58%
Operating Margin 39.51%
39.51%		 36.00%
36.00%		 38.30%
38.31%		 38.97%
38.97%		 35.66%
35.66%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.5 23.6 3,690.8 47.4 55.1
PE Ratio - Diluted 16.6
16.6		 23.7
23.7		 3,704.6
3,705.2		 47.6
47.6		 55.4
55.4
PEG - Adjusted 0.4 0.0 n/a 1.8 1.8
PEG - Diluted 0.4
0.4		 0.0
0.0		 n/a
n/a		 1.8
1.8		 1.7
1.7

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Net Gearing (80.64%) (52.53%) (59.99%) (63.98%) (79.59%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Price/Book Value 7.4 9.4 13.9 17.7 20.9
Price/Tangible Book Value 7.4 9.4 13.9 17.7 20.9
Price/ Cash Flow 11.1 24.1 36.6 46.4 52.2
Price/Revenue 5.17 6.74 1,109.33 14.53 15.93
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 36.87p 28.67p 28.76p 25.43p 19.78p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Continuing Operations          
Revenue 218.23 163.85 1.47 126.75 104.90
EBITDA 91.01
91.01		 62.62
62.62		 0.60
0.60		 49.40
49.40		 37.41
37.41
Depreciation (4.79)
(4.79)		 (3.64)
(3.64)		 (0.04)
(0.04)		 n/a
n/a		 n/a
n/a
Net Interest 1.44
1.44		 (0.57)
(0.57)		 (0.01)
(0.01)		 (0.85)
(0.85)		 0.29
0.29
Profit Before Tax 87.66
87.66		 58.41
58.41		 0.56
0.56		 48.55
48.55		 37.69
37.69
           
Revenue per Share 53.07p 39.94p 0.36p 31.04p 25.95p
Pre-Tax Profit per Share 21.32p
21.32p		 14.24p
14.24p		 0.14p
0.14p		 11.89p
11.89p		 9.33p
9.33p
Market Capitalisation £ (Millions) 1,131.11 1,106.66 1,637.86 1,849.86 1,690.10
Enterprise Value (EV) £ (Millions) 1,143.51 1,120.62 1,653.46 1,866.20 1,690.67
EBITDA/EV 7.96%
7.96%		 5.59%
5.59%		 0.04%
0.04%		 2.65%
2.65%		 2.21%
2.21%
Operating Margin 39.51%
39.51%		 36.00%
36.00%		 38.30%
38.31%		 38.97%
38.97%		 35.66%
35.66%
Capital Employed £ (Millions) 166.18 133.59 134.85 121.71 82.07
Return on Capital Employed 52.18%
51.88%		 43.15%
44.15%		 0.42%
0.42%		 40.45%
40.59%		 46.28%
45.58%
Invested Equity Capital £ (Millions) 168.20 135.40 132.26 111.02 87.61
           
Earnings per Share - Basic 16.59p
16.59p		 11.39p
11.39p		 10.71p
10.71p		 9.51p
9.51p		 7.51p
7.51p
Earnings per Share - Diluted 16.53p
16.53p		 11.35p
11.35p		 10.67p
10.67p		 9.47p
9.47p		 7.47p
7.47p
Earnings per Share - Adjusted 16.59p 11.39p 10.71p 9.51p 7.51p
Earnings per Share Growth - Basic 46%
46%		 6%
6%		 13%
13%		 27%
27%		 30%
30%
Earnings per Share Growth - Diluted 46%
46%		 6%
6%		 13%
13%		 27%
27%		 33%
33%
Earnings per Share Growth - Adjusted 46% 6% 13% 27% 30%
PE Ratio - Diluted 16.6
16.6		 23.7
23.7		 37.4
37.4		 47.6
47.6		 55.4
55.4
PEG - Diluted 0.4
0.4		 4.0
4.0		 2.9
2.9		 1.8
1.8		 1.7
1.7
Tax Rate 22.18% 19.98% 20.45% 20.02% 19.48%
Dividend Cover 1.54
1.54		 1.55
1.55		 1.54
1.54		 1.54
1.54		 1.55
1.55
Interest Cover 93.08
93.08		 77.06
77.06		 70.73
70.74		 58.25
58.25		 898.50
898.50
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 16.59p
16.59p		 11.39p
11.39p		 0.11p
0.11p		 9.51p
9.51p		 7.51p
7.51p
Earnings per Share - Diluted 16.53p
16.53p		 11.35p
11.35p		 0.11p
0.11p		 9.47p
9.47p		 7.47p
7.47p
Earnings per Share - Adjusted 16.59p 11.39p 0.11p 9.51p 7.51p
Earnings per Share Growth - Basic 46%
46%		 10,436%
10,437%		 -99%
-99%		 27%
27%		 30%
30%
Earnings per Share Growth - Diluted 46%
46%		 10,438%
10,442%		 -99%
-99%		 27%
27%		 33%
33%
Earnings per Share Growth - Adjusted 46% 10,436% -99% 27% 30%
PE Ratio - Diluted 16.6
16.6		 23.7
23.7		 3,704.6
3,705.2		 47.6
47.6		 55.4
55.4
PEG - Diluted 0.4
0.4		 0.0
0.0		 n/a
n/a		 1.8
1.8		 1.7
1.7
Dividend Cover 1.54
1.54		 1.55
1.55		 0.02
0.02		 1.54
1.54		 1.55
1.55
Return on Equity (ROE) 40.56%
40.56%		 34.52%
34.52%		 0.33%
0.33%		 34.98%
34.98%		 34.64%
34.64%
Operating Cash Flow per Share 24.66p 11.16p 10.92p 9.72p 7.93p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 15.14p (2.43p) 0.019p 4.24p 4.79p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 10.75p 7.37p 6.96p 6.16p 4.83p
Dividend per Share Growth 45.86% 5.89% 12.99% 27.54% 30.54%
Dividend Yield 3.9% 2.7% 1.7% 1.4% 1.2%
Shareholders Funds 166.04 133.39 130.71 109.47 86.06
Net Borrowings £ (Millions) (133.90) (70.07) (78.41) (70.04) (68.50)
Net Asset Value per Share (inc. Intangibles) 36.87p 28.67p 28.76p 25.43p 19.78p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Shareholders' Funds inc Intangibles 166.04 133.39 130.71 109.47 86.06
Net Borrowings £ (Millions) (133.90) (70.07) (78.41) (70.04) (68.50)
Net Gearing (80.64%) (52.53%) (59.99%) (63.98%) (79.59%)
Cash & Near Cash 146.30 84.03 94.01 86.38 69.07
Cash 88.12% 62.99% 71.92% 78.91% 80.25%
Gross Borrowings 12.41 13.96 15.59 16.35 0.57
Gross Gearing 7.47% 10.47% 11.93% 14.93% 0.66%
Borrowings Under 5 years 12.41 13.96 15.59 16.35 0.57
Under 5 years 7.47% 10.47% 11.93% 14.93% 0.66%
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 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Shareholders' Funds exc Intangibles 151.61 117.62 117.70 103.82 79.95
Net Borrowings £ (Millions) (133.90) (70.07) (78.41) (70.04) (68.50)
Net Gearing (88.32%) (59.57%) (66.62%) (67.46%) (85.67%)
Cash & Near Cash 146.30 84.03 94.01 86.38 69.07
Cash 96.50% 71.44% 79.87% 83.21% 86.39%
Gross Borrowings 12.41 13.96 15.59 16.35 0.57
Gross Gearing 8.18% 11.87% 13.25% 15.74% 0.72%
Borrowings Under 5 years 12.41 13.96 15.59 16.35 0.57
Under 5 years 8.18% 11.87% 13.25% 15.74% 0.72%
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 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 3.71 7.55 8.22 7.64 6.48

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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