BT Group (BTL)

138.80p
   
  • Change Today:
    -0.13p
  • 52 Week High: 145.10p
  • 52 Week Low: 102.25p
  • Currency: UK Pounds
  • Shares Issued: 9,962m
  • Volume: 2,373,230
  • Market Cap: £13,827m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 7.0% 5.3% 4.2% 0.0% 3.9%
           
Continuing Operations          
PE Ratio - Adjusted 5.9 6.6 14.1 8.3 5.0
PE Ratio - Diluted 12.7
6.0		 7.7
6.8		 14.6
9.2		 10.7
8.0		 6.8
5.5
PEG - Adjusted n/a 0.1 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.2
0.8		 n/a
4.6		 n/a
n/a		 n/a
n/a
Return on Capital Employed 8.76%
12.71%		 9.61%
11.67%		 11.17%
12.28%		 0.11%
0.14%		 11.28%
11.86%
Operating Margin 10.54%
15.29%		 12.38%
15.07%		 13.84%
15.21%		 12.13%
14.77%		 14.33%
15.72%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 5.9 6.6 14.1 818.0 5.0
PE Ratio - Diluted 12.7
6.0		 7.7
6.8		 14.6
9.2		 1,058.9
795.2		 6.8
5.1
PEG - Adjusted n/a 0.1 0.0 n/a n/a
PEG - Diluted n/a
n/a		 0.2
0.8		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Gearing 184.27% 161.83% 138.39% 186.98% 164.91%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Price/Book Value (26.8) 17.3 12.1 (9.2) 13.4
Price/Tangible Book Value (26.8) 17.3 12.1 (9.2) 13.4
Price/ Cash Flow 1.8 2.1 3.0 2.6 1.9
Price/Revenue 0.52 0.69 0.86 71.79 0.51
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (4.09p) 8.44p 15.07p (16.94p) 8.84p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 20,797.00 20,681.00 20,850.00 215.32 22,905.00
EBITDA (2,706.00)
(1,719.00)		 (2,193.00)
(1,637.00)		 7,290.00
7,577.00		 69.99
75.69		 7,579.00
7,897.00
Depreciation 4,899.00
4,899.00		 4,753.00
4,753.00		 (4,405.00)
(4,405.00)		 (43.88)
(43.88)		 (4,296.00)
(4,296.00)
Net Interest (1,007.00)
(886.00)		 (831.00)
(826.00)		 (922.00)
(821.00)		 (7.98)
(7.80)		 (897.00)
(752.00)
Profit Before Tax 1,186.00
2,294.00		 1,729.00
2,290.00		 1,963.00
2,351.00		 18.21
24.08		 2,353.00
2,664.00
           
Revenue per Share 211.72p 210.97p 211.33p 2.17p 231.72p
Pre-Tax Profit per Share 12.07p
23.35p		 17.64p
23.36p		 19.90p
23.83p		 0.18p
0.24p		 23.80p
26.95p
Market Capitalisation £ (Millions) 10,930.05 14,568.42 18,171.90 15,476.11 11,810.24
Enterprise Value (EV) £ (Millions) 32,446.05 36,340.42 38,084.90 36,400.11 35,357.24
EBITDA/EV (8.34%)
(5.30%)		 (6.03%)
(4.50%)		 19.14%
19.90%		 0.19%
0.21%		 21.44%
22.33%
Operating Margin 10.54%
15.29%		 12.38%
15.07%		 13.84%
15.21%		 12.13%
14.77%		 14.33%
15.72%
Capital Employed £ (Millions) 25,023.00 26,696.00 25,831.00 23,015.00 28,807.00
Return on Capital Employed 8.76%
12.71%		 9.61%
11.67%		 11.17%
12.28%		 0.11%
0.14%		 11.28%
11.86%
Invested Equity Capital £ (Millions) 14,462.00 16,503.00 17,695.00 13,535.00 16,802.00
           
Earnings per Share - Basic 8.70p
18.51p		 19.40p
22.01p		 12.90p
20.29p		 14.80p
19.77p		 17.50p
21.53p
Earnings per Share - Diluted 8.60p
18.18p		 18.90p
21.46p		 12.50p
19.75p		 14.60p
19.44p		 17.40p
21.36p
Earnings per Share - Adjusted 18.50p 22.00p 12.90p 18.90p 23.50p
Earnings per Share Growth - Basic -55%
-16%		 50%
8%		 -13%
3%		 -15%
-8%		 -20%
-18%
Earnings per Share Growth - Diluted -54%
-15%		 51%
9%		 -14%
2%		 -16%
-9%		 -19%
-18%
Earnings per Share Growth - Adjusted -16% 70% -32% -20% -11%
PE Ratio - Diluted 12.7
6.0		 7.7
6.8		 14.6
9.2		 10.7
8.0		 6.8
5.5
PEG - Diluted n/a
n/a		 0.2
0.8		 n/a
4.6		 n/a
n/a		 n/a
n/a
Tax Rate 27.91% (10.18%) 35.10% 18.49% 25.94%
Dividend Cover 2.40
2.40		 2.86
2.86		 1.68
2.64		 n/a
n/a		 5.09
4.66
Interest Cover 2.00
3.15		 2.93
3.58		 3.10
3.82		 3.25
4.04		 3.50
4.35
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 8.70p
18.51p		 19.40p
22.01p		 12.90p
20.29p		 0.15p
0.20p		 17.50p
23.46p
Earnings per Share - Diluted 8.60p
18.18p		 18.90p
21.46p		 12.50p
19.75p		 0.15p
0.20p		 17.40p
23.27p
Earnings per Share - Adjusted 18.50p 22.00p 12.90p 0.19p 23.50p
Earnings per Share Growth - Basic -55%
-16%		 50%
8%		 8,535%
10,070%		 -99%
-99%		 -20%
-11%
Earnings per Share Growth - Diluted -54%
-15%		 51%
9%		 8,382%
9,966%		 -99%
-99%		 -19%
-11%
Earnings per Share Growth - Adjusted -16% 70% 6,662% -99% -11%
PE Ratio - Diluted 12.7
6.0		 7.7
6.8		 14.6
9.2		 1,058.9
795.2		 6.8
5.1
PEG - Diluted n/a
n/a		 0.2
0.8		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 2.40
2.40		 2.86
2.86		 1.68
2.64		 n/a
n/a		 5.09
5.08
Return on Equity (ROE) 5.91%
12.57%		 11.54%
13.08%		 7.20%
11.31%		 0.11%
0.15%		 10.32%
13.80%
Operating Cash Flow per Share 60.60p 68.59p 59.90p 60.20p 63.44p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.17p) (3.14p) (2.11p) (0.051p) (1.88p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 7.70p 7.70p 7.70p n/a 4.62p
Dividend per Share Growth n/a n/a n/a n/a (70.00%)
Dividend Yield 7.0% 5.3% 4.2% 0.0% 3.9%
Shareholders Funds 12,518.00 14,514.00 15,296.00 11,679.00 14,763.00
Net Borrowings £ (Millions) 23,067.00 23,488.00 21,168.00 21,837.00 24,345.00
Net Asset Value per Share (inc. Intangibles) (4.09p) 8.44p 15.07p (16.94p) 8.84p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds inc Intangibles 12,518.00 14,514.00 15,296.00 11,679.00 14,763.00
Net Borrowings £ (Millions) 23,067.00 23,488.00 21,168.00 21,837.00 24,345.00
Net Gearing 184.27% 161.83% 138.39% 186.98% 164.91%
Cash & Near Cash 414.00 392.00 777.00 1,000.00 1,549.00
Cash 3.31% 2.70% 5.08% 8.56% 10.49%
Gross Borrowings 23,481.00 23,880.00 21,945.00 22,837.00 25,894.00
Gross Gearing 187.58% 164.53% 143.47% 195.54% 175.40%
Borrowings Under 5 years 23,481.00 23,880.00 21,945.00 22,837.00 25,894.00
Under 5 years 187.58% 164.53% 143.47% 195.54% 175.40%
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-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds exc Intangibles (402.00) 827.00 1,487.00 (1,678.00) 874.00
Net Borrowings £ (Millions) 23,067.00 23,488.00 21,168.00 21,837.00 24,345.00
Net Gearing n/a 2,840.15% 1,423.54% n/a 2,785.47%
Cash & Near Cash 414.00 392.00 777.00 1,000.00 1,549.00
Cash (102.99%) 47.40% 52.25% (59.59%) 177.23%
Gross Borrowings 23,481.00 23,880.00 21,945.00 22,837.00 25,894.00
Gross Gearing 5,841.04% 2,887.55% 1,475.79% 1,360.97% 2,962.70%
Borrowings Under 5 years 23,481.00 23,880.00 21,945.00 22,837.00 25,894.00
Under 5 years (5,841.04%) 2,887.55% 1,475.79% (1,360.97%) 2,962.70%
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-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Quick Ratio 0.85 0.88 0.95 1.12 1.06
Current Ratio 0.89 0.91 0.98 1.15 1.09

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 5 minutes.

Note 2: Normalised ratios are shown in blue text

Note 3: Forecast figures based on normalised accounts.

 

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