Apax Global Alpha Limited (APAX)

Sector:

Investment Firms

Index:

FTSE 250

153.80p
   
  • Change Today:
      2.80p
  • 52 Week High: 185.00
  • 52 Week Low: 139.00
  • Currency: UK Pounds
  • Shares Issued: 491.10m
  • Volume: 536,815
  • Market Cap: £755.31m
  • RiskGrade: 195

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 6.0% 5.3% 5.5% 5.1% 5.4%
           
Continuing Operations          
PE Ratio - Adjusted 17.5 n/a 3.8 6.9 4.8
PE Ratio - Diluted 17.4
17.4		 n/a
n/a		 3.8
3.8		 6.9
6.9		 4.7
4.9
PEG - Adjusted n/a n/a 0.0 n/a 0.0
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a		 0.0
0.0
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 151.03%
151.03%		 (435.76%)
(435.76%)		 1,293.70%
1,293.70%		 904.91%
904.91%		 1,022.32%
989.26%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.5 n/a 378.8 6.9 4.8
PE Ratio - Diluted 17.4
17.4		 n/a
n/a		 376.5
376.5		 6.9
6.9		 4.7
4.9
PEG - Adjusted n/a n/a n/a n/a 0.0
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing (7.79%) (4.76%) (7.25%) n/a n/a

    (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) 263.52¢ 264.58¢ 303.41¢ 244.59¢ 223.78¢
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 37.54 24.48 0.27 18.11 20.85
EBITDA 56.71
56.71		 (106.66)
(106.66)		 3.51
3.51		 163.84
163.84		 213.17
206.28
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Net Interest (3.05)
(3.05)		 (3.15)
(3.15)		 (0.02)
(0.02)		 (1.75)
(1.75)		 (1.86)
(1.86)
Profit Before Tax 53.65
53.65		 (109.81)
(109.81)		 3.48
3.48		 162.09
162.09		 211.31
204.42
           
Revenue per Share 7.64¢ 4.98¢ 0.055¢ 3.69¢ 4.25¢
Pre-Tax Profit per Share 10.93¢
10.93¢		 (22.36¢)
(22.36¢)		 0.71¢
0.71¢		 33.01¢
33.01¢		 43.03¢
41.62¢
Market Capitalisation   (Millions) 789.69 925.23 1,114.80 947.82 n/a
Enterprise Value (EV)   (Millions) 790.19 931.30 1,115.87 947.82 n/a
EBITDA/EV 7.18%
7.18%		 (11.45%)
(11.45%)		 0.31%
0.31%		 17.29%
17.29%		 n/a
n/a
Operating Margin 151.03%
151.03%		 (435.76%)
(435.76%)		 1,293.70%
1,293.70%		 904.91%
904.91%		 1,022.32%
989.26%
Capital Employed   (Millions) 1,294.66 1,305.44 1,491.13 1,201.18 1,098.97
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital   (Millions) 1,294.16 1,299.38 1,481.68 1,201.18 1,092.08
           
Earnings per Share - Basic 10.89¢
10.89¢		 (22.41¢)
(22.41¢)		 70.23¢
70.23¢		 32.98¢
32.98¢		 42.95¢
41.55¢
Earnings per Share - Diluted 10.89¢
10.89¢		 (22.41¢)
(22.41¢)		 70.23¢
70.23¢		 32.98¢
32.98¢		 42.95¢
41.55¢
Earnings per Share - Adjusted 10.81¢ (22.41)¢ 69.79¢ 32.98¢ 42.66¢
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 113%
113%		 -23%
-21%		 225%
214%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 113%
113%		 -23%
-21%		 225%
214%
Earnings per Share Growth - Adjusted n/a n/a 112% -23% 223%
PE Ratio - Diluted 17.4
17.4		 n/a
n/a		 3.8
3.8		 6.9
6.9		 4.7
4.9
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a		 0.0
0.0
Tax Rate n/a n/a 0.06% 0.07% 0.18%
Dividend Cover 0.95
0.96		 (1.90)
(1.90)		 4.77
4.80		 2.87
2.87		 3.93
3.83
Interest Cover 18.57
18.57		 (33.86)
(33.86)		 153.11
153.11		 93.57
93.57		 114.61
110.90
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 10.89¢
10.89¢		 (22.41¢)
(22.41¢)		 0.71¢
0.71¢		 32.98¢
32.98¢		 42.95¢
41.55¢
Earnings per Share - Diluted 10.89¢
10.89¢		 (22.41¢)
(22.41¢)		 0.71¢
0.71¢		 32.98¢
32.98¢		 42.95¢
41.55¢
Earnings per Share - Adjusted 10.81¢ (22.41¢) 0.70¢ 32.98¢ 42.66¢
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 -98%
-98%		 -23%
-21%		 225%
214%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 -98%
-98%		 -23%
-21%		 225%
214%
Earnings per Share Growth - Adjusted n/a n/a -98% -23% 223%
PE Ratio - Diluted 17.4
17.4		 n/a
n/a		 376.5
376.5		 6.9
6.9		 4.7
4.9
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 0.95
0.96		 (1.90)
(1.90)		 0.05
0.05		 2.87
2.87		 3.93
3.83
Return on Equity (ROE) 4.13%
4.13%		 (8.47%)
(8.47%)		 0.23%
0.23%		 13.49%
13.49%		 19.31%
18.68%
Operating Cash Flow per Share 20.61¢ 8.52¢ 10.14¢ 37.78¢ 7.58¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 6.85¢ (8.23¢) (0.035¢) 25.46¢ (3.01¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 11.34¢ 11.82¢ 14.64¢ 11.51¢ 10.86¢
Dividend per Share Growth (4.06%) (19.26%) 27.19% 5.99% 13.60%
Dividend Yield 6.0% 5.3% 5.5% 5.1% 5.4%
Shareholders Funds 1,294.16 1,299.38 1,481.68 1,201.18 1,092.08
Net Borrowings   (Millions) (100.88) (61.90) (107.42) (124.57) (3.28)
Net Asset Value per Share (inc. Intangibles) 263.52¢ 264.58¢ 301.70¢ 244.59¢ 222.37¢

    (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 1,294.16 1,299.38 1,481.68 1,201.18 1,092.08
Net Borrowings   (Millions) (100.88) (61.90) (107.42) (124.57) (3.28)
Net Gearing (7.79%) (4.76%) (7.25%) n/a n/a
Cash & Near Cash 101.38 67.97 108.48 124.57 3.28
Cash 7.83% 5.23% 7.32% 10.37% 0.30%
Gross Borrowings 0.49 6.06 1.07 n/a n/a
Gross Gearing 0.04% 0.47% 0.07% n/a n/a
Borrowings Under 5 years 0.49 6.06 1.07 n/a n/a
Under 5 years 0.04% 0.47% 0.07% 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-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 1,294.16 1,299.38 1,481.68 1,201.18 1,092.08
Net Borrowings   (Millions) (100.88) (61.90) (107.42) (124.57) (3.28)
Net Gearing (7.79%) (4.76%) (7.25%) n/a n/a
Cash & Near Cash 101.38 67.97 108.48 124.57 3.28
Cash 7.83% 5.23% 7.32% 10.37% 0.30%
Gross Borrowings 0.49 6.06 1.07 n/a n/a
Gross Gearing 0.04% 0.47% 0.07% n/a n/a
Borrowings Under 5 years 0.49 6.06 1.07 n/a n/a
Under 5 years 0.04% 0.47% 0.07% 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-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 8.19 5.88 50.47 3.88 0.31
Interest Cover 18.57
18.57		 (33.86)
(33.86)		 153.11
153.11		 93.57
93.57		 114.61
110.90

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