Redrow (RDW)

Sector:

Household Goods

Index:

FTSE 250

658.00p
   
  • Change Today:
    -9.50p
  • 52 Week High: 739.00p
  • 52 Week Low: 427.40p
  • Currency: UK Pounds
  • Shares Issued: 330.77m
  • Volume: 5,982,034
  • Market Cap: £2,176.47m
  • RiskGrade: 176

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 02-Jul-23 03-Jul-22 27-Jun-21 28-Jun-20 30-Jun-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 6.8% 6.5% 4.0% 0.0% 5.6%
           
Continuing Operations          
PE Ratio - Adjusted 4.8 5.1 8.4 14.1 5.9
PE Ratio - Diluted 4.9
4.9		 8.5
4.7		 8.4
8.4		 14.1
14.1		 5.9
5.9
PEG - Adjusted n/a 0.2 0.1 n/a 0.7
PEG - Diluted 0.1
n/a		 n/a
0.1		 0.1
0.1		 n/a
n/a		 0.7
0.7
Return on Capital Employed 18.71%
18.71%		 12.22%
20.23%		 0.17%
0.17%		 8.19%
8.19%		 24.54%
24.54%
Operating Margin 18.76%
18.76%		 11.68%
11.68%		 16.55%
16.55%		 11.05%
11.05%		 19.46%
19.46%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 4.8 5.1 829.9 14.1 5.9
PE Ratio - Diluted 4.9
4.9		 8.5
5.1		 831.1
830.8		 14.1
14.1		 5.9
5.9
PEG - Adjusted n/a 0.0 n/a n/a 0.0
PEG - Diluted 0.1
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 02-Jul-23 03-Jul-22 27-Jun-21 28-Jun-20 30-Jun-19
Net Gearing n/a n/a n/a 7.75% (7.82%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 02-Jul-23 03-Jul-22 27-Jun-21 28-Jun-20 30-Jun-19
Price/Book Value 0.7 0.9 1.1 1.0 1.2
Price/Tangible Book Value 0.7 0.9 1.1 1.0 1.2
Price/ Cash Flow 9.1 6.4 7.0 (10.6) 6.6
Price/Revenue 0.68 0.79 108.52 1.18 0.92
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 619.27p 569.88p 544.19p 473.47p 444.66p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 02-Jul-23 03-Jul-22 27-Jun-21 28-Jun-20 30-Jun-19
Continuing Operations          
Revenue 2,127.00 2,140.00 19.57 1,339.00 2,112.00
EBITDA 403.00
403.00		 255.00
255.00		 3.31
3.31		 155.00
155.00		 411.00
411.00
Depreciation (4.00)
(4.00)		 (5.00)
(5.00)		 (0.07)
(0.07)		 (7.00)
(7.00)		 n/a
n/a
Net Interest (4.00)
(4.00)		 (4.00)
(4.00)		 (0.07)
(0.07)		 (8.00)
(8.00)		 (5.00)
(5.00)
Profit Before Tax 395.00
395.00		 246.00
410.00		 3.17
3.17		 140.00
140.00		 406.00
406.00
           
Revenue per Share 650.46p 625.73p 5.69p 390.38p 593.26p
Pre-Tax Profit per Share 120.80p
120.80p		 71.93p
119.88p		 0.92p
0.92p		 40.82p
40.82p		 114.05p
114.05p
Market Capitalisation £ (Millions) 1,458.70 1,731.37 2,174.42 1,628.53 1,915.92
Enterprise Value (EV) £ (Millions) 1,458.70 1,724.37 2,173.42 1,791.53 1,995.92
EBITDA/EV 27.63%
27.63%		 14.79%
14.79%		 0.15%
0.15%		 8.65%
8.65%		 20.59%
20.59%
Operating Margin 18.76%
18.76%		 11.68%
11.68%		 16.55%
16.55%		 11.05%
11.05%		 19.46%
19.46%
Capital Employed £ (Millions) 2,132.00 2,046.00 1,921.00 1,807.00 1,675.00
Return on Capital Employed 18.71%
18.71%		 12.22%
20.23%		 0.17%
0.17%		 8.19%
8.19%		 24.54%
24.54%
Invested Equity Capital £ (Millions) 2,117.00 2,075.00 1,921.00 1,639.00 1,597.00
           
Earnings per Share - Basic 91.20p
91.13p		 57.70p
105.56p		 73.70p
73.84p		 32.90p
32.95p		 92.30p
92.42p
Earnings per Share - Diluted 90.90p
90.85p		 57.50p
105.25p		 73.60p
73.62p		 32.80p
32.75p		 92.00p
91.90p
Earnings per Share - Adjusted 91.20p 96.00p 73.70p 32.90p 92.30p
Earnings per Share Growth - Basic 58%
-14%		 -22%
43%		 124%
124%		 -64%
-64%		 8%
8%
Earnings per Share Growth - Diluted 58%
-14%		 -22%
43%		 124%
125%		 -64%
-64%		 8%
8%
Earnings per Share Growth - Adjusted -5% 30% 124% -64% 8%
PE Ratio - Diluted 4.9
4.9		 8.5
4.7		 8.4
8.4		 14.1
14.1		 5.9
5.9
PEG - Diluted 0.1
n/a		 n/a
0.1		 0.1
0.1		 n/a
n/a		 0.7
0.7
Tax Rate 24.56% 19.92% 19.11% 19.29% 18.97%
Dividend Cover 3.04
3.04		 3.00
3.30		 3.01
3.01		 n/a
n/a		 3.03
3.03
Interest Cover 44.89
44.89		 42.00
69.33		 40.25
40.25		 15.00
15.00		 51.75
51.75
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 91.20p
91.13p		 57.70p
95.91p		 0.74p
0.74p		 32.90p
32.95p		 92.30p
92.42p
Earnings per Share - Diluted 90.90p
90.85p		 57.50p
95.63p		 0.74p
0.74p		 32.80p
32.75p		 92.00p
91.90p
Earnings per Share - Adjusted 91.20p 96.00p 0.74p 32.90p 92.30p
Earnings per Share Growth - Basic 58%
-5%		 7,656%
12,768%		 -98%
-98%		 -64%
-64%		 225%
225%
Earnings per Share Growth - Diluted 58%
-5%		 7,640%
12,768%		 -98%
-98%		 -64%
-64%		 224%
224%
Earnings per Share Growth - Adjusted -5% 12,805% -98% -64% 225%
PE Ratio - Diluted 4.9
4.9		 8.5
5.1		 831.1
830.8		 14.1
14.1		 5.9
5.9
PEG - Diluted 0.1
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 3.04
3.04		 3.00
3.00		 0.03
0.03		 n/a
n/a		 3.03
3.03
Return on Equity (ROE) 14.08%
14.08%		 9.49%
15.81%		 0.13%
0.13%		 6.89%
6.89%		 20.60%
20.60%
Operating Cash Flow per Share 48.32p 76.32p 88.37p (43.44p) 82.02p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (16.21p) 37.43p 0.34p (46.65p) 38.20p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 30.00p 32.00p 24.50p n/a 30.50p
Dividend per Share Growth (6.25%) 30.61% n/a n/a 8.93%
Dividend Yield 6.8% 6.5% 4.0% 0.0% 5.6%
Shareholders Funds 2,026.00 1,950.00 1,872.00 1,626.00 1,585.00
Net Borrowings £ (Millions) (235.00) (288.00) (160.00) 126.00 (124.00)
Net Asset Value per Share (inc. Intangibles) 619.27p 569.88p 544.19p 473.47p 444.66p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 02-Jul-23 03-Jul-22 27-Jun-21 28-Jun-20 30-Jun-19
Shareholders' Funds inc Intangibles 2,026.00 1,950.00 1,872.00 1,626.00 1,585.00
Net Borrowings £ (Millions) (235.00) (288.00) (160.00) 126.00 (124.00)
Net Gearing n/a n/a n/a 7.75% (7.82%)
Cash & Near Cash 235.00 288.00 160.00 44.00 204.00
Cash 11.60% 14.77% 8.55% 2.71% 12.87%
Gross Borrowings n/a n/a n/a 170.00 80.00
Gross Gearing n/a n/a n/a 10.46% 5.05%
Borrowings Under 5 years n/a n/a n/a 170.00 80.00
Under 5 years n/a n/a n/a 10.46% 5.05%
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 02-Jul-23 03-Jul-22 27-Jun-21 28-Jun-20 30-Jun-19
Shareholders' Funds exc Intangibles 2,025.00 1,949.00 1,872.00 1,624.00 1,583.00
Net Borrowings £ (Millions) (235.00) (288.00) (160.00) 126.00 (124.00)
Net Gearing n/a n/a n/a 7.76% (7.83%)
Cash & Near Cash 235.00 288.00 160.00 44.00 204.00
Cash 11.60% 14.78% 8.55% 2.71% 12.89%
Gross Borrowings n/a n/a n/a 170.00 80.00
Gross Gearing n/a n/a n/a 10.47% 5.05%
Borrowings Under 5 years n/a n/a n/a 170.00 80.00
Under 5 years n/a n/a n/a 10.47% 5.05%
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 02-Jul-23 03-Jul-22 27-Jun-21 28-Jun-20 30-Jun-19
Quick Ratio 0.32 0.37 0.34 0.11 0.29
Current Ratio 3.52 3.08 3.62 3.32 3.06

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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