Churchill China (CHH)

Sector:

Household Goods

Index:

FTSE AIM All-Share

 1,125.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,495.00p
  • 52 Week Low: 1,000.00p
  • Currency: UK Pounds
  • Shares Issued: 11.02m
  • Volume: 5,355
  • Market Cap: £124.01m
  • RiskGrade: 128

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 4.6% 5.1% 7.5%
       
Continuing Operations      
PE Ratio - Adjusted 19.3 19.2 8.4
PE Ratio - Diluted 19.3
19.4		 19.4
19.4		 13.7
14.0
PEG - Adjusted 1.9 n/a n/a
PEG - Diluted 1.8
1.8		 4.8
3.2		 n/a
n/a
Return on Capital Employed 8.78%
8.74%		 8.83%
8.77%		 9.15%
9.04%
Operating Margin 5.23%
5.20%		 5.49%
5.45%		 6.68%
6.60%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 19.3 19.2 8.4
PE Ratio - Diluted 19.3
19.4		 19.4
19.4		 13.7
14.0
PEG - Adjusted 1.9 n/a n/a
PEG - Diluted 1.8
1.8		 4.8
3.2		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09 31-Dec-08
Net Gearing n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Price/Book Value 1.3 1.2 0.7
Price/Tangible Book Value 1.3 1.2 0.7
Price/ Cash Flow 60.7 10.0 8.4
Price/Revenue 0.76 0.72 0.49
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 239.63p 220.45p 258.30p
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09 31-Dec-08
Continuing Operations      
Revenue 43.75 41.71 41.97
EBITDA 3.82
3.80		 3.68
3.67		 3.87
3.84
Depreciation (1.53)
(1.53)		 (1.40)
(1.40)		 (1.07)
(1.07)
Net Interest (0.13)
(0.13)		 (0.20)
(0.20)		 0.63
0.63
Profit Before Tax 2.31
2.30		 2.07
2.06		 3.36
3.33
       
Revenue per Share 400.09p 382.47p 384.23p
Pre-Tax Profit per Share 21.16p
21.05p		 18.98p
18.85p		 30.78p
30.46p
Market Capitalisation £ (Millions) 33.32 30.01 20.53
Enterprise Value (EV) £ (Millions) 33.32 29.35 20.53
EBITDA/EV 11.45%
11.42%		 12.55%
12.51%		 18.87%
18.70%
Operating Margin 5.23%
5.20%		 5.49%
5.45%		 6.68%
6.60%
Capital Employed £ (Millions) 27.88 25.71 29.85
Return on Capital Employed 8.78%
8.74%		 8.83%
8.77%		 9.15%
9.04%
Invested Equity Capital £ (Millions) 28.25 26.21 30.25
       
Earnings per Share - Basic 15.80p
15.72p		 14.30p
14.14p		 13.80p
13.46p
Earnings per Share - Diluted 15.80p
15.72p		 14.20p
14.14p		 13.70p
13.40p
Earnings per Share - Adjusted 15.80p 14.30p 22.20p
Earnings per Share Growth - Basic 10%
11%		 4%
5%		 n/a
n/a
Earnings per Share Growth - Diluted 11%
11%		 4%
6%		 n/a
n/a
Earnings per Share Growth - Adjusted 10% -36% n/a
PE Ratio - Diluted 19.3
19.4		 19.4
19.4		 13.7
14.0
PEG - Diluted 1.8
1.8		 4.8
3.2		 n/a
n/a
Tax Rate 27.09% 24.58% 54.09%
Dividend Cover 1.13
1.12		 1.02
1.01		 1.59
0.96
Interest Cover 14.15
14.08		 7.47
7.42		 116.93
115.72
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 15.80p
15.72p		 14.30p
14.14p		 13.80p
13.46p
Earnings per Share - Diluted 15.80p
15.72p		 14.20p
14.14p		 13.70p
13.40p
Earnings per Share - Adjusted 15.80p 14.30p 22.20p
Earnings per Share Growth - Basic 10%
11%		 4%
5%		 n/a
n/a
Earnings per Share Growth - Diluted 11%
11%		 4%
6%		 n/a
n/a
Earnings per Share Growth - Adjusted 10% -36% n/a
PE Ratio - Diluted 19.3
19.4		 19.4
19.4		 13.7
14.0
PEG - Diluted 1.8
1.8		 4.8
3.2		 n/a
n/a
Dividend Cover 1.13
1.12		 1.02
1.01		 1.59
0.96
Return on Equity (ROE) 6.13%
6.09%		 5.94%
5.88%		 4.98%
4.86%
Operating Cash Flow per Share 5.02p 27.50p 22.28p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share (22.32p) (7.83p) (33.96p)
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 14.00p 14.00p 14.00p
Dividend per Share Growth n/a n/a n/a
Dividend Yield 4.6% 5.1% 7.5%
Shareholders Funds 26.57 24.54 28.61
Net Borrowings £ (Millions) (4.44) (6.88) (7.74)
Net Asset Value per Share (inc. Intangibles) 239.63p 220.45p 258.30p

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds inc Intangibles 26.57 24.54 28.61
Net Borrowings £ (Millions) (4.44) (6.88) (7.74)
Net Gearing n/a n/a n/a
Cash & Near Cash 4.44 6.88 7.74
Cash 16.72% 28.05% 27.05%
Gross Borrowings n/a n/a n/a
Gross Gearing n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a
Under 5 years n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds exc Intangibles 26.20 24.04 28.21
Net Borrowings £ (Millions) (4.44) (6.88) (7.74)
Net Gearing n/a n/a n/a
Cash & Near Cash 4.44 6.88 7.74
Cash 16.95% 28.63% 27.43%
Gross Borrowings n/a n/a n/a
Gross Gearing n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a
Under 5 years n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-10 31-Dec-09 31-Dec-08
Quick Ratio 1.99 2.22 2.01
Current Ratio 3.12 3.17 3.05

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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