Hays (HAS)

Sector:

Support

Index:

FTSE 250

101.10p
   
  • Change Today:
    -0.30p
  • 52 Week High: 110.60
  • 52 Week Low: 88.50
  • Currency: UK Pounds
  • Shares Issued: 1,584.78m
  • Volume: 210,238
  • Market Cap: £1,602.22m
  • RiskGrade: 145

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.3
Dividend Yield 2.9% 2.6% 0.8% 0.0% 2.5%
           
Continuing Operations          
PE Ratio - Adjusted 11.9 12.1 43.2 22.5 13.2
PE Ratio - Diluted 12.0
12.0		 12.3
12.2		 43.6
43.6		 38.4
22.8		 14.3
13.3
PEG - Adjusted n/a 0.1 n/a n/a 0.3
PEG - Diluted n/a
n/a		 0.1
0.1		 2.6
n/a		 n/a
n/a		 0.5
0.4
Return on Capital Employed 31.19%
31.19%		 27.98%
27.98%		 0.11%
0.11%		 11.31%
16.05%		 17.26%
18.37%
Operating Margin 2.60%
2.60%		 3.19%
3.19%		 1.68%
1.68%		 1.60%
2.28%		 3.85%
4.10%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.9 12.1 4,281.3 22.5 39.5
PE Ratio - Diluted 12.0
12.0		 12.3
12.2		 4,316.6
4,324.1		 38.4
22.8		 43.0
40.0
PEG - Adjusted n/a 0.0 n/a 0.7 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
0.7		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Net Gearing 8.09% (13.95%) (24.03%) (29.97%) n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Price/Book Value 4.0 3.4 4.2 3.0 5.2
Price/Tangible Book Value 4.0 3.4 4.2 3.0 5.2
Price/ Cash Flow 9.9 10.9 443.4 5.1 13.5
Price/Revenue 0.22 0.28 46.66 0.30 1.13
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 25.86p 32.71p 37.39p 39.32p 29.93p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
Revenue 7,583.30 6,588.90 57.02 5,929.50 2,023.50
EBITDA 263.90
263.90		 274.20
274.20		 1.65
1.65		 158.00
197.90		 82.97
88.00
Depreciation (66.90)
(66.90)		 (64.10)
(64.10)		 (0.69)
(0.69)		 (62.90)
(62.90)		 (5.07)
(5.07)
Net Interest (4.90)
(4.90)		 (5.80)
(5.80)		 (0.07)
(0.07)		 (8.80)
(8.80)		 (0.83)
(0.83)
Profit Before Tax 192.10
192.10		 204.30
204.30		 0.89
0.89		 86.30
126.20		 77.07
82.10
           
Revenue per Share 471.01p 394.14p 3.40p 391.54p 138.96p
Pre-Tax Profit per Share 11.93p
11.93p		 12.22p
12.22p		 0.053p
0.053p		 5.70p
8.33p		 5.29p
5.64p
Market Capitalisation £ (Millions) 1,635.64 1,860.01 2,667.84 2,001.72 2,300.10
Enterprise Value (EV) £ (Millions) 1,828.54 2,039.91 2,863.34 2,226.02 2,294.50
EBITDA/EV 14.43%
14.43%		 13.44%
13.44%		 0.06%
0.06%		 7.10%
8.89%		 3.62%
3.84%
Operating Margin 2.60%
2.60%		 3.19%
3.19%		 1.68%
1.68%		 1.60%
2.28%		 3.85%
4.10%
Capital Employed £ (Millions) 631.70 750.90 842.70 840.90 451.40
Return on Capital Employed 31.19%
31.19%		 27.98%
27.98%		 0.11%
0.11%		 11.31%
16.05%		 17.26%
18.37%
Invested Equity Capital £ (Millions) 685.90 815.20 886.30 870.10 717.00
           
Earnings per Share - Basic 8.59p
8.59p		 9.22p
9.22p		 3.67p
3.67p		 3.14p
5.28p		 11.10p
11.92p
Earnings per Share - Diluted 8.52p
8.52p		 9.11p
9.11p		 3.64p
3.63p		 3.10p
5.23p		 10.97p
11.77p
Earnings per Share - Adjusted 8.59p 9.22p 3.67p 5.28p 11.92p
Earnings per Share Growth - Basic -7%
-7%		 151%
152%		 17%
-31%		 -72%
-56%		 31%
34%
Earnings per Share Growth - Diluted -6%
-6%		 150%
151%		 17%
-30%		 -72%
-56%		 31%
34%
Earnings per Share Growth - Adjusted -7% 151% -30% -56% 41%
PE Ratio - Diluted 12.0
12.0		 12.3
12.2		 43.6
43.6		 38.4
22.8		 14.3
13.3
PEG - Diluted n/a
n/a		 0.1
0.1		 2.6
n/a		 n/a
n/a		 0.5
0.4
Tax Rate 28.01% 24.52% 30.19% 44.96% 30.06%
Dividend Cover 2.86
2.86		 3.24
3.24		 3.01
3.01		 n/a
n/a		 3.00
3.00
Interest Cover 40.20
40.20		 36.22
36.22		 12.91
12.91		 10.81
15.34		 93.48
99.52
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 8.59p
8.59p		 9.22p
9.22p		 0.037p
0.037p		 3.14p
5.28p		 3.70p
3.97p
Earnings per Share - Diluted 8.52p
8.52p		 9.11p
9.11p		 0.037p
0.037p		 3.10p
5.23p		 3.66p
3.92p
Earnings per Share - Adjusted 8.59p 9.22p 0.037p 5.28p 3.97p
Earnings per Share Growth - Basic -7%
-7%		 24,789%
24,823%		 -99%
-99%		 -15%
33%		 -58%
-56%
Earnings per Share Growth - Diluted -6%
-6%		 24,694%
24,741%		 -99%
-99%		 -15%
33%		 -58%
-56%
Earnings per Share Growth - Adjusted -7% 24,789% -99% 33% -54%
PE Ratio - Diluted 12.0
12.0		 12.3
12.2		 4,316.6
4,324.1		 38.4
22.8		 43.0
40.0
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
0.7		 n/a
n/a
Dividend Cover 2.86
2.86		 3.24
3.24		 0.03
0.03		 n/a
n/a		 1.00
1.00
Return on Equity (ROE) 20.16%
20.16%		 18.92%
18.92%		 0.07%
0.07%		 5.46%
9.19%		 7.52%
8.07%
Operating Cash Flow per Share 10.29p 10.27p 0.36p 23.39p 11.60p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (9.12p) (7.33p) (0.042p) 23.46p 0.14p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 3.00p 2.85p 1.22p n/a 3.97p
Dividend per Share Growth 5.26% 133.61% n/a n/a 36.90%
Dividend Yield 2.9% 2.6% 0.8% 0.0% 2.5%
Shareholders Funds 670.30 796.20 871.80 853.40 701.50
Net Borrowings £ (Millions) 54.20 (111.10) (209.50) (255.80) (129.70)
Net Asset Value per Share (inc. Intangibles) 25.86p 32.71p 37.39p 39.32p 29.93p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds inc Intangibles 670.30 796.20 871.80 853.40 701.50
Net Borrowings £ (Millions) 54.20 (111.10) (209.50) (255.80) (129.70)
Net Gearing 8.09% (13.95%) (24.03%) (29.97%) n/a
Cash & Near Cash 145.60 296.20 410.60 484.50 129.70
Cash 21.72% 37.20% 47.10% 56.77% 18.49%
Gross Borrowings 199.80 185.10 201.10 228.70 n/a
Gross Gearing 29.81% 23.25% 23.07% 26.80% n/a
Borrowings Under 5 years 199.80 185.10 201.10 228.70 n/a
Under 5 years 29.81% 23.25% 23.07% 26.80% n/a
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-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds exc Intangibles 416.30 546.80 627.10 595.50 435.90
Net Borrowings £ (Millions) 54.20 (111.10) (209.50) (255.80) (129.70)
Net Gearing 13.02% (20.32%) (33.41%) (42.96%) n/a
Cash & Near Cash 145.60 296.20 410.60 484.50 129.70
Cash 34.97% 54.17% 65.48% 81.36% 29.75%
Gross Borrowings 199.80 185.10 201.10 228.70 n/a
Gross Gearing 47.99% 33.85% 32.07% 38.40% n/a
Borrowings Under 5 years 199.80 185.10 201.10 228.70 n/a
Under 5 years 47.99% 33.85% 32.07% 38.40% n/a
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-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 1.32 1.35 1.63 1.55 1.48

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: 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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