Elementis (ELM)

Sector:

Industrial Chemicals

Index:

FTSE 250

 144.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 156.40
  • 52 Week Low: 97.90
  • Currency: UK Pounds
  • Shares Issued: 590.58m
  • Volume: 3,637,286
  • Market Cap: £852.80m
  • RiskGrade: 191

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 1.3% 0.0% 0.0% 0.0% 1.2%
           
Continuing Operations          
PE Ratio - Adjusted 14.8 13.8 19.9 22.2 18.1
PE Ratio - Diluted 34.5
16.2		 n/a
14.0		 n/a
20.2		 n/a
n/a		 28.8
23.8
PEG - Adjusted n/a 0.4 0.7 n/a n/a
PEG - Diluted n/a
n/a		 n/a
0.4		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed 8.12%
13.85%		 n/a
12.54%		 0.01%
0.01%		 n/a
n/a		 12.16%
13.84%
Operating Margin 7.93%
13.53%		 (5.85%)
12.57%		 1.16%
1.16%		 (3.93%)
(3.93%)		 10.35%
11.78%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 14.8 13.8 1,549.7 22.2 18.1
PE Ratio - Diluted 36.9
16.7		 n/a
n/a		 41,455.4
1,564.7		 n/a
n/a		 28.8
23.8
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
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 27.75% 51.65% 49.22% 52.03% 54.73%

  £ (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) 33.58p 21.23p 14.68p (5.55p) (8.95p)
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 713.40 736.40 7.16 751.30 873.60
EBITDA 112.30
152.20		 13.80
149.50		 0.67
0.67		 (29.50)
(29.50)		 160.50
173.00
Depreciation (55.70)
(55.70)		 (56.90)
(56.90)		 (0.59)
(0.59)		 n/a
n/a		 (70.10)
(70.10)
Net Interest (16.90)
(16.90)		 (11.70)
(11.70)		 (0.16)
(0.16)		 (39.30)
(39.30)		 (29.40)
(29.40)
Profit Before Tax 39.70
79.60		 (54.80)
80.90		 (0.08)
(0.08)		 (68.80)
(68.80)		 61.00
73.50
           
Revenue per Share 121.80p 126.40p 1.23p 129.51p 150.72p
Pre-Tax Profit per Share 6.78p
13.59p		 (9.41p)
13.89p		 (0.013p)
(0.013p)		 (11.86p)
(11.86p)		 10.53p
12.68p
Market Capitalisation £ (Millions) 750.06 703.16 765.73 667.92 1,039.13
Enterprise Value (EV) £ (Millions) 1,032.36 1,145.26 1,286.53 1,218.02 1,636.43
EBITDA/EV 10.88%
14.74%		 1.20%
13.05%		 0.05%
0.05%		 (2.42%)
(2.42%)		 9.81%
10.57%
Operating Margin 7.93%
13.53%		 (5.85%)
12.57%		 1.16%
1.16%		 (3.93%)
(3.93%)		 10.35%
11.78%
Capital Employed £ (Millions) 696.70 738.70 816.50 718.80 743.40
Return on Capital Employed 8.12%
13.85%		 n/a
12.54%		 0.01%
0.01%		 n/a
n/a		 12.16%
13.84%
Invested Equity Capital £ (Millions) 1,046.40 939.10 1,104.10 1,052.70 1,101.60
           
Earnings per Share - Basic 4.80¢
10.19¢		 (10.70¢)
11.12¢		 (1.40¢)
8.38¢		 (11.50¢)
(11.55¢)		 8.00¢
9.71¢
Earnings per Share - Diluted 4.70¢
10.00¢		 (10.70¢)
10.94¢		 (1.40¢)
8.27¢		 (11.30¢)
(11.29¢)		 7.90¢
9.56¢
Earnings per Share - Adjusted 11.00¢ 11.10¢ 8.40¢ 6.60¢ 12.60¢
Earnings per Share Growth - Basic n/a
-8%		 n/a
33%		 n/a
n/a		 n/a
n/a		 -16%
-31%
Earnings per Share Growth - Diluted n/a
-9%		 n/a
32%		 n/a
n/a		 n/a
n/a		 -17%
-32%
Earnings per Share Growth - Adjusted -1% 32% 27% -48% -26%
PE Ratio - Diluted 34.5
16.2		 n/a
14.0		 n/a
20.2		 n/a
n/a		 28.8
23.8
PEG - Diluted n/a
n/a		 n/a
0.4		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 28.97% (14.23%) (5.33%) 2.62% 23.93%
Dividend Cover 5.24
4.85		 n/a
n/a		 n/a
n/a		 n/a
n/a		 4.50
3.47
Interest Cover 2.86
4.74		 (1.54)
4.75		 0.72
0.72		 (0.74)
(0.74)		 3.05
3.47
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 4.50¢
9.90¢		 (8.80¢)
(4.65¢)		 n/a
0.11¢		 (11.50¢)
(11.55¢)		 8.00¢
9.71¢
Earnings per Share - Diluted 4.40¢
9.72¢		 (8.80¢)
(4.58¢)		 n/a
0.11¢		 (11.30¢)
(11.29¢)		 7.90¢
9.56¢
Earnings per Share - Adjusted 11.00¢ 11.10¢ 0.11¢ 6.60¢ 12.60¢
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 1%
-31%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
-31%
Earnings per Share Growth - Adjusted -1% 10,177% -98% -48% -26%
PE Ratio - Diluted 36.9
16.7		 n/a
n/a		 41,455.4
1,564.7		 n/a
n/a		 28.8
23.8
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 5.24
4.72		 n/a
n/a		 n/a
n/a		 n/a
n/a		 4.50
3.47
Return on Equity (ROE) 2.53%
5.54%		 (5.44%)
(2.89%)		 n/a
0.06%		 (6.36%)
(6.36%)		 4.21%
5.11%
Operating Cash Flow per Share 13.11p 13.22p 11.48p 18.46p 24.74p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 1.69p (4.75p) (0.041p) 0.55p 1.52p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 2.10¢ n/a n/a n/a 2.80¢
Dividend per Share Growth n/a n/a n/a n/a (66.67%)
Dividend Yield 1.3% 0.0% 0.0% 0.0% 1.2%
Shareholders Funds 847.30 783.90 901.00 860.40 906.20
Net Borrowings £ (Millions) 235.10 404.90 443.50 447.70 496.00
Net Asset Value per Share (inc. Intangibles) 33.58p 21.23p 14.68p (5.55p) (8.95p)

  £ (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 847.30 783.90 901.00 860.40 906.20
Net Borrowings £ (Millions) 235.10 404.90 443.50 447.70 496.00
Net Gearing 27.75% 51.65% 49.22% 52.03% 54.73%
Cash & Near Cash 65.80 54.90 84.60 111.00 103.90
Cash 7.77% 7.00% 9.39% 12.90% 11.47%
Gross Borrowings 300.90 459.80 528.10 558.70 599.90
Gross Gearing 35.51% 58.66% 58.61% 64.93% 66.20%
Borrowings Under 5 years 300.90 459.80 528.10 558.70 599.90
Under 5 years 35.51% 58.66% 58.61% 64.93% 66.20%
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 196.70 123.70 85.30 (32.20) (51.90)
Net Borrowings £ (Millions) 235.10 404.90 443.50 447.70 496.00
Net Gearing 119.52% 327.32% 519.93% n/a n/a
Cash & Near Cash 65.80 54.90 84.60 111.00 103.90
Cash 33.45% 44.38% 99.18% (344.72%) (200.19%)
Gross Borrowings 300.90 459.80 528.10 558.70 599.90
Gross Gearing 152.97% 371.71% 619.11% 1,735.10% 1,155.88%
Borrowings Under 5 years 300.90 459.80 528.10 558.70 599.90
Under 5 years 152.97% 371.71% 619.11% (1,735.10%) (1,155.88%)
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 1.17 0.97 1.18 1.18 1.28
Current Ratio 2.20 2.01 2.14 2.03 2.24

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.

 

Top of Page