Bytes Technology Group (BYIT)

Sector:

IT Services

Index:

FTSE 250

529.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 657.00p
  • 52 Week Low: 439.80p
  • Currency: UK Pounds
  • Shares Issued: 240.36m
  • Volume: 315,413
  • Market Cap: £1,272.71m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 28-Feb-23 28-Feb-22 28-Feb-21 29-Feb-20
Annualisation Factor 1.0 1.0 n/a 1.0
Dividend Yield 1.3% 0.9% 5.0% 0.0%
         
Continuing Operations        
PE Ratio - Adjusted 21.2 29.8 32.0 n/a
PE Ratio - Diluted 24.5
22.2		 34.3
31.8		 49.4
34.0		 n/a
n/a
PEG - Adjusted 1.0 1.7 1.2 n/a
PEG - Diluted 1.2
0.9		 0.6
1.8		 n/a
2.0		 n/a
n/a
Return on Capital Employed 235.59%
250.45%		 593.65%
629.95%		 n/a
n/a		 n/a
n/a
Operating Margin 27.06%
29.33%		 28.91%
30.67%		 6.82%
9.12%		 8.00%
8.07%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 21.2 29.8 3,172.9 n/a
PE Ratio - Diluted 24.5
22.2		 34.3
31.8		 4,896.1
3,368.8		 n/a
n/a
PEG - Adjusted 1.0 0.0 n/a n/a
PEG - Diluted 1.2
0.9		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 28-Feb-23 28-Feb-22 28-Feb-21 29-Feb-20
Net Gearing n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 28-Feb-23 28-Feb-22 28-Feb-21 29-Feb-20
Price/Book Value 47.9 232.9 (35.4) n/a
Price/Tangible Book Value 47.9 232.9 (35.4) n/a
Price/ Cash Flow 25.1 21.2 31.4 n/a
Price/Revenue 5.19 7.56 246.46 n/a
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 8.34p 1.98p (11.84p) (4.28p)
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 28-Feb-23 28-Feb-22 28-Feb-21 29-Feb-20
Continuing Operations        
Revenue 184.42 145.84 3.97 373.10
EBITDA 52.38
56.57		 44.76
47.34		 0.30
0.39		 32.43
32.70
Depreciation (2.48)
(2.48)		 (2.61)
(2.61)		 (0.03)
(0.03)		 (2.58)
(2.58)
Net Interest 0.49
0.49		 (0.59)
(0.59)		 n/a
n/a		 0.08
0.08
Profit Before Tax 50.39
54.58		 41.57
44.14		 0.27
0.36		 29.92
30.19
         
Revenue per Share 77.01p 60.90p 1.70p 160.49p
Pre-Tax Profit per Share 21.04p
22.79p		 17.36p
18.43p		 0.12p
0.15p		 12.87p
12.99p
Market Capitalisation £ (Millions) 956.97 1,102.58 1,002.47 n/a
Enterprise Value (EV) £ (Millions) 947.28 1,096.94 996.67 (3.48)
EBITDA/EV 5.53%
5.97%		 4.08%
4.32%		 0.03%
0.04%		 (931.04%)
(938.82%)
Operating Margin 27.06%
29.33%		 28.91%
30.67%		 6.82%
9.12%		 8.00%
8.07%
Capital Employed £ (Millions) 21.60 7.10 (24.58) (5.45)
Return on Capital Employed 235.59%
250.45%		 593.65%
629.95%		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 62.13 48.76 18.49 39.00
         
Earnings per Share - Basic 16.88p
18.63p		 13.72p
14.79p		 8.52p
12.39p		 10.39p
10.51p
Earnings per Share - Diluted 16.28p
17.97p		 13.42p
14.47p		 8.47p
12.31p		 10.39p
10.51p
Earnings per Share - Adjusted 18.83p 15.46p 13.07p 10.39p
Earnings per Share Growth - Basic 23%
26%		 61%
19%		 -18%
18%		 n/a
n/a
Earnings per Share Growth - Diluted 21%
24%		 58%
18%		 -18%
17%		 n/a
n/a
Earnings per Share Growth - Adjusted 22% 18% 26% n/a
PE Ratio - Diluted 24.5
22.2		 34.3
31.8		 49.4
34.0		 n/a
n/a
PEG - Diluted 1.2
0.9		 0.6
1.8		 n/a
2.0		 n/a
n/a
Tax Rate 19.79% 20.96% 25.24% 19.26%
Dividend Cover 3.69
3.65		 3.68
3.52		 0.63
0.59		 n/a
n/a
Interest Cover (101.63)
(110.17)		 71.57
75.95		 139.15
186.02		 365.88
369.18
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 16.88p
18.63p		 13.72p
14.79p		 0.086p
0.12p		 10.39p
10.51p
Earnings per Share - Diluted 16.28p
17.97p		 13.42p
14.47p		 0.085p
0.12p		 10.39p
10.51p
Earnings per Share - Adjusted 18.83p 15.46p 0.13p 10.39p
Earnings per Share Growth - Basic 23%
26%		 15,853%
11,732%		 -99%
-99%		 n/a
n/a
Earnings per Share Growth - Diluted 21%
24%		 15,597%
11,545%		 -99%
-99%		 n/a
n/a
Earnings per Share Growth - Adjusted 22% 11,618% -99% n/a
PE Ratio - Diluted 24.5
22.2		 34.3
31.8		 4,896.1
3,368.8		 n/a
n/a
PEG - Diluted 1.2
0.9		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 3.69
3.65		 3.68
3.52		 0.01
0.01		 n/a
n/a
Return on Equity (ROE) 65.06%
71.80%		 67.38%
72.67%		 1.09%
1.58%		 61.94%
62.64%
Operating Cash Flow per Share 15.93p 21.73p 13.35p n/a
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 2.46p 19.37p (0.12p) 9.17p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 5.10p 4.20p 20.90p n/a
Dividend per Share Growth 21.43% (79.90%) n/a n/a
Dividend Yield 1.3% 0.9% 5.0% 0.0%
Shareholders Funds 61.50 47.57 16.75 36.10
Net Borrowings £ (Millions) (72.03) (65.94) (19.36) (45.75)
Net Asset Value per Share (inc. Intangibles) 8.34p 1.98p (11.84p) (4.28p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 28-Feb-23 28-Feb-22 28-Feb-21 29-Feb-20
Shareholders' Funds inc Intangibles 61.50 47.57 16.75 36.10
Net Borrowings £ (Millions) (72.03) (65.94) (19.36) (45.75)
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 73.02 67.12 20.73 47.36
Cash 118.74% 141.10% 123.80% 131.16%
Gross Borrowings 0.99 1.18 1.38 1.60
Gross Gearing 1.61% 2.47% 8.23% 4.44%
Borrowings Under 5 years 0.99 1.18 1.38 1.60
Under 5 years 1.61% 2.47% 8.23% 4.44%
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 28-Feb-23 28-Feb-22 28-Feb-21 29-Feb-20
Shareholders' Funds exc Intangibles 19.97 4.74 (27.70) (9.95)
Net Borrowings £ (Millions) (72.03) (65.94) (19.36) (45.75)
Net Gearing n/a n/a 69.89% 459.94%
Cash & Near Cash 73.02 67.12 20.73 47.36
Cash 365.63% 1,417.49% (74.87%) (476.05%)
Gross Borrowings 0.99 1.18 1.38 1.60
Gross Gearing 4.97% 24.86% 4.98% 16.10%
Borrowings Under 5 years 0.99 1.18 1.38 1.60
Under 5 years 4.97% 24.86% (4.98%) (16.10%)
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 28-Feb-23 28-Feb-22 28-Feb-21 29-Feb-20
Quick Ratio 1.05 1.00 0.80 0.88
Current Ratio 1.05 1.00 0.81 0.89

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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