£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Annualisation Factor | 1.0 | n/a | 1.0 | 1.0 | 0.2 |
Dividend Yield | 4.9% | 8.2% | 8.5% | 0.0% | 12.2% |
Continuing Operations | |||||
PE Ratio - Adjusted | 4.9 | 11.5 | 12.5 | 10.0 | 6.8 |
PE Ratio - Diluted | 7.0 6.9 |
11.6 11.5 |
13.9 12.6 |
10.1 10.0 |
6.9 6.8 |
PEG - Adjusted | n/a | 0.9 | n/a | n/a | 0.1 |
PEG - Diluted | n/a n/a |
0.5 0.9 |
n/a n/a |
n/a n/a |
0.1 0.1 |
Return on Capital Employed | 20.51% 20.69% |
0.28% 0.28% |
23.32% 25.26% |
33.23% 33.47% |
9.06% 9.01% |
Operating Margin | 19.00% 19.17% |
26.60% 26.77% |
23.54% 25.50% |
28.21% 28.61% |
28.97% 29.21% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 4.9 | 1,137.7 | 12.5 | 10.0 | 27.3 |
PE Ratio - Diluted | 7.0 6.9 |
1,152.0 1,150.9 |
13.9 12.7 |
10.1 10.0 |
27.5 27.2 |
PEG - Adjusted | 0.0 | n/a | n/a | 0.0 | n/a |
PEG - Diluted | 0.0 0.0 |
n/a n/a |
n/a n/a |
0.0 0.0 |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Net Gearing | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Price/Book Value | 1.2 | 2.6 | 2.7 | 2.8 | 2.0 |
Price/Tangible Book Value | 1.2 | 2.6 | 2.7 | 2.8 | 2.0 |
Price/ Cash Flow | 9.7 | 11.6 | 11.6 | 13.8 | 9.2 |
Price/Revenue | 1.02 | 249.99 | 2.66 | 2.35 | 6.47 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 1,023.28p | 1,081.38p | 1,043.01p | 965.80p | 959.12p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Continuing Operations | |||||
Revenue | 3,815.80 | 36.44 | 3,328.30 | 3,649.40 | 933.76 |
EBITDA | 740.70 747.30 |
9.84 9.90 |
783.50 848.60 |
1,029.40 1,044.00 |
272.99 275.29 |
Depreciation | (15.80) (15.80) |
(0.15) (0.15) |
n/a n/a |
n/a n/a |
(2.50) (2.50) |
Net Interest | 5.80 5.80 |
0.06 0.06 |
0.30 0.30 |
11.40 11.40 |
2.02 2.02 |
Profit Before Tax | 730.70 737.30 |
9.76 9.82 |
783.80 848.90 |
1,040.80 1,048.10 |
272.51 274.81 |
Revenue per Share | 1,195.43p | 11.43p | 1,040.42p | 1,147.25p | 298.42p |
Pre-Tax Profit per Share | 228.92p 230.98p |
3.06p 3.08p |
245.01p 265.36p |
327.19p 329.49p |
87.09p 87.83p |
Market Capitalisation £ (Millions) | 3,885.09 | 9,113.52 | 8,828.70 | 8,594.42 | 6,128.91 |
Enterprise Value (EV) £ (Millions) | 3,863.29 | 9,092.12 | 8,805.90 | 8,594.42 | 6,128.91 |
EBITDA/EV | 19.17% 19.34% |
0.11% 0.11% |
8.90% 9.64% |
11.98% 12.15% |
4.45% 4.49% |
Operating Margin | 19.00% 19.17% |
26.60% 26.77% |
23.54% 25.50% |
28.21% 28.61% |
28.97% 29.21% |
Capital Employed £ (Millions) | 3,535.20 | 3,504.20 | 3,359.50 | 3,097.40 | 3,028.80 |
Return on Capital Employed | 20.51% 20.69% |
0.28% 0.28% |
23.32% 25.26% |
33.23% 33.47% |
9.06% 9.01% |
Invested Equity Capital £ (Millions) | 3,708.20 | 3,679.80 | 3,541.30 | 3,283.50 | 3,222.20 |
Earnings per Share - Basic | 175.80p 177.82p |
246.80p 248.72p |
200.30p 219.91p |
266.80p 269.13p |
283.30p 286.23p |
Earnings per Share - Diluted | 174.30p 176.38p |
245.60p 247.78p |
199.60p 219.91p |
266.30p 268.54p |
280.80p 283.69p |
Earnings per Share - Adjusted | 247.30p | 248.70p | 220.70p | 269.10p | 283.30p |
Earnings per Share Growth - Basic | -29% -28% |
23% 13% |
-25% -18% |
-6% -6% |
133% 129% |
Earnings per Share Growth - Diluted | -29% -29% |
23% 13% |
-25% -18% |
-5% -5% |
131% 127% |
Earnings per Share Growth - Adjusted | -1% | 13% | -18% | -5% | 128% |
PE Ratio - Diluted | 7.0 6.9 |
11.6 11.5 |
13.9 12.6 |
10.1 10.0 |
6.9 6.8 |
PEG - Diluted | n/a n/a |
0.5 0.9 |
n/a n/a |
n/a n/a |
0.1 0.1 |
Tax Rate | 23.22% | 18.58% | 18.55% | 18.45% | 18.74% |
Dividend Cover | 4.12 2.96 |
1.06 1.06 |
0.94 0.94 |
n/a n/a |
1.21 1.22 |
Interest Cover | 179.22 180.83 |
269.56 271.28 |
92.14 99.71 |
115.37 116.18 |
89.68 90.43 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 175.80p 177.82p |
2.49p 2.49p |
200.30p 218.57p |
266.80p 271.42p |
70.78p 71.51p |
Earnings per Share - Diluted | 174.30p 176.38p |
2.48p 2.48p |
199.60p 218.57p |
266.30p 270.83p |
70.15p 70.87p |
Earnings per Share - Adjusted | 247.30p | 2.51p | 220.70p | 269.10p | 70.78p |
Earnings per Share Growth - Basic | 6,957% 7,039% |
-99% -99% |
-25% -20% |
277% 280% |
-42% -43% |
Earnings per Share Growth - Diluted | 6,931% 7,008% |
-99% -99% |
-25% -19% |
280% 282% |
-42% -43% |
Earnings per Share Growth - Adjusted | 9,751% | -99% | -18% | 280% | -43% |
PE Ratio - Diluted | 7.0 6.9 |
1,152.0 1,150.9 |
13.9 12.7 |
10.1 10.0 |
27.5 27.2 |
PEG - Diluted | 0.0 0.0 |
n/a n/a |
n/a n/a |
0.0 0.0 |
n/a n/a |
Dividend Cover | 4.12 2.96 |
0.01 0.01 |
0.94 0.93 |
n/a n/a |
0.30 0.30 |
Return on Equity (ROE) | 15.13% 15.31% |
0.22% 0.22% |
18.03% 19.74% |
25.85% 26.30% |
6.87% 6.94% |
Operating Cash Flow per Share | 126.03p | 246.02p | 239.29p | 194.91p | 209.11p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (120.61p) | 0.040p | 121.98p | (64.19p) | (20.33p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 60.00p | 235.00p | 235.00p | n/a | 235.00p |
Dividend per Share Growth | (74.47%) | n/a | n/a | n/a | n/a |
Dividend Yield | 4.9% | 8.2% | 8.5% | 0.0% | 12.2% |
Shareholders Funds | 3,439.30 | 3,625.20 | 3,518.40 | 3,258.30 | 3,194.50 |
Net Borrowings £ (Millions) | (861.60) | (1,246.60) | (1,234.10) | (843.90) | (1,048.10) |
Net Asset Value per Share (inc. Intangibles) | 1,023.28p | 1,081.38p | 1,043.01p | 965.80p | 959.12p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Shareholders' Funds inc Intangibles | 3,439.30 | 3,625.20 | 3,518.40 | 3,258.30 | 3,194.50 |
Net Borrowings £ (Millions) | (861.60) | (1,246.60) | (1,234.10) | (843.90) | (1,048.10) |
Net Gearing | n/a | n/a | n/a | n/a | n/a |
Cash & Near Cash | 861.60 | 1,246.60 | 1,234.10 | 843.90 | 1,048.10 |
Cash | 25.05% | 34.39% | 35.08% | 25.90% | 32.81% |
Gross Borrowings | n/a | n/a | n/a | n/a | n/a |
Gross Gearing | n/a | n/a | n/a | n/a | n/a |
Borrowings Under 5 years | n/a | n/a | n/a | n/a | n/a |
Under 5 years | n/a | n/a | n/a | n/a | 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 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Shareholders' Funds exc Intangibles | 3,266.30 | 3,449.60 | 3,336.60 | 3,072.20 | 3,001.10 |
Net Borrowings £ (Millions) | (861.60) | (1,246.60) | (1,234.10) | (843.90) | (1,048.10) |
Net Gearing | n/a | n/a | n/a | n/a | n/a |
Cash & Near Cash | 861.60 | 1,246.60 | 1,234.10 | 843.90 | 1,048.10 |
Cash | 26.38% | 36.14% | 36.99% | 27.47% | 34.92% |
Gross Borrowings | n/a | n/a | n/a | n/a | n/a |
Gross Gearing | n/a | n/a | n/a | n/a | n/a |
Borrowings Under 5 years | n/a | n/a | n/a | n/a | n/a |
Under 5 years | n/a | n/a | n/a | n/a | 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 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Quick Ratio | 0.99 | 1.58 | 1.54 | 0.92 | 1.03 |
Current Ratio | 4.17 | 4.88 | 4.85 | 4.08 | 3.75 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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