£ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-10 | 31-Dec-09 |
Annualisation Factor | 1.0 | 1.0 |
Dividend Yield | 0.0% | 0.0% |
Continuing Operations | ||
PE Ratio - Adjusted | 23.6 | 25.0 |
PE Ratio - Diluted | 30.0 32.4 |
38.6 40.2 |
PEG - Adjusted | 0.1 | n/a |
PEG - Diluted | 0.1 0.1 |
n/a n/a |
Return on Capital Employed | 19.29% 17.85% |
9.97% 9.64% |
Operating Margin | 9.92% 9.18% |
5.78% 5.59% |
Continuing & Discontinued Operations | ||
PE Ratio - Adjusted | 23.6 | 25.0 |
PE Ratio - Diluted | 30.0 32.4 |
38.6 40.2 |
PEG - Adjusted | 0.1 | n/a |
PEG - Diluted | 0.1 0.1 |
n/a n/a |
£ (Millions) | £ (Millions) | |
Gearing | 31-Dec-10 | 31-Dec-09 |
Net Gearing | (11.27%) | 50.04% |
£ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-10 | 31-Dec-09 |
Price/Book Value | 6.5 | 6.5 |
Price/Tangible Book Value | 6.5 | 6.5 |
Price/ Cash Flow | 21.4 | 11.2 |
Price/Revenue | 2.86 | 1.41 |
Price/R&D | 605.9 | 278.2 |
Net Asset Value per Share (exc. Intangibles) | 6.90p | 2.60p |
Net Cash per Share | 0.074p | 0.061p |
£ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-10 | 31-Dec-09 |
Continuing Operations | ||
Revenue | 72.65 | 52.65 |
EBITDA | 11.81 11.27 |
7.15 7.05 |
Depreciation | (4.61) (4.61) |
(4.11) (4.11) |
Net Interest | (0.87) (0.87) |
(0.99) (0.99) |
Profit Before Tax | 6.33 5.80 |
2.06 1.96 |
Revenue per Share | 15.73p | 12.05p |
Pre-Tax Profit per Share | 1.37p 1.25p |
0.47p 0.45p |
Market Capitalisation £ (Millions) | 231.90 | 75.40 |
Enterprise Value (EV) £ (Millions) | 237.39 | 94.56 |
EBITDA/EV | 4.98% 4.75% |
7.56% 7.46% |
Operating Margin | 9.92% 9.18% |
5.78% 5.59% |
Capital Employed £ (Millions) | 37.36 | 30.53 |
Return on Capital Employed | 19.29% 17.85% |
9.97% 9.64% |
Invested Equity Capital £ (Millions) | 62.27 | 29.84 |
Earnings per Share - Basic | 1.63p 1.51p |
0.47p 0.45p |
Earnings per Share - Diluted | 1.50p 1.39p |
0.44p 0.42p |
Earnings per Share - Adjusted | 1.91p | 0.68p |
Earnings per Share Growth - Basic | 247% 237% |
n/a n/a |
Earnings per Share Growth - Diluted | 241% 229% |
n/a n/a |
Earnings per Share Growth - Adjusted | 181% | n/a |
PE Ratio - Diluted | 30.0 32.4 |
38.6 40.2 |
PEG - Diluted | 0.1 0.1 |
n/a n/a |
Tax Rate | (18.50%) | n/a |
Dividend Cover | n/a n/a |
n/a n/a |
Interest Cover | 8.25 7.63 |
3.09 2.99 |
Continuing & Discontinued Operations | ||
Earnings per Share - Basic | 1.63p 1.51p |
0.47p 0.45p |
Earnings per Share - Diluted | 1.50p 1.39p |
0.44p 0.42p |
Earnings per Share - Adjusted | 1.91p | 0.68p |
Earnings per Share Growth - Basic | 247% 237% |
n/a n/a |
Earnings per Share Growth - Diluted | 241% 229% |
n/a n/a |
Earnings per Share Growth - Adjusted | 181% | n/a |
PE Ratio - Diluted | 30.0 32.4 |
38.6 40.2 |
PEG - Diluted | 0.1 0.1 |
n/a n/a |
Dividend Cover | n/a n/a |
n/a n/a |
Return on Equity (ROE) | 12.05% 11.19% |
6.90% 6.56% |
Operating Cash Flow per Share | 2.10p | 1.51p |
Gross Cash Flow per Share | cn/a | cn/a |
Cash Incr/Decr per Share | 1.77p | 1.27p |
Capital Expenditure per Share | n/a | n/a |
Dividend per Share | n/a | n/a |
Dividend per Share Growth | n/a | n/a |
Dividend Yield | 0.0% | 0.0% |
Shareholders Funds | 62.27 | 29.84 |
Net Borrowings £ (Millions) | (7.02) | 14.93 |
Net Asset Value per Share (inc. Intangibles) | 6.90p | 2.60p |
£ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-10 | 31-Dec-09 |
Shareholders' Funds inc Intangibles | 62.27 | 29.84 |
Net Borrowings £ (Millions) | (7.02) | 14.93 |
Net Gearing | (11.27%) | 50.04% |
Cash & Near Cash | 12.51 | 4.23 |
Cash | 20.08% | 14.19% |
Gross Borrowings | 5.49 | 19.16 |
Gross Gearing | 8.81% | 64.23% |
Borrowings Under 5 years | 5.49 | 19.16 |
Under 5 years | 8.81% | 64.23% |
Borrowings Under 1 year | n/a | n/a |
Under 1 year | n/a | n/a |
£ (Millions) | £ (Millions) | |
Gearing - exc Intangibles | 31-Dec-10 | 31-Dec-09 |
Shareholders' Funds exc Intangibles | 31.87 | 11.36 |
Net Borrowings £ (Millions) | (7.02) | 14.93 |
Net Gearing | (22.03%) | 131.40% |
Cash & Near Cash | 12.51 | 4.23 |
Cash | 39.24% | 37.25% |
Gross Borrowings | 5.49 | 19.16 |
Gross Gearing | 17.21% | 168.65% |
Borrowings Under 5 years | 5.49 | 19.16 |
Under 5 years | 17.21% | 168.65% |
Borrowings Under 1 year | n/a | n/a |
Under 1 year | n/a | n/a |
£ (Millions) | £ (Millions) | |
Cover | 31-Dec-10 | 31-Dec-09 |
Quick Ratio | 1.21 | 0.75 |
Current Ratio | 1.70 | 1.21 |
* 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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