Greggs (GRGL)

2,802.00p
   
  • Change Today:
    -26.00p
  • 52 Week High: 2,943.00p
  • 52 Week Low: 2,286.00p
  • Currency: UK Pounds
  • Shares Issued: 100.35m
  • Volume: 1,533
  • Market Cap: £2,811.83m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21 28-Dec-19
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 2.4% 2.5% 1.7% 0.0% 0.5%
           
Continuing Operations          
PE Ratio - Adjusted 20.8 19.7 28.8 n/a 26.6
PE Ratio - Diluted 18.7
21.0		 19.9
19.9		 29.2
29.1		 n/a
n/a		 27.0
27.0
PEG - Adjusted 3.5 9.9 n/a n/a 1.3
PEG - Diluted 1.0
4.2		 6.6
6.6		 n/a
n/a		 n/a
n/a		 0.8
1.5
Return on Capital Employed 21.63%
19.31%		 20.24%
20.24%		 21.57%
21.57%		 n/a
n/a		 19.01%
19.01%
Operating Margin 10.63%
9.49%		 10.21%
10.21%		 12.46%
12.46%		 (0.86%)
(0.76%)		 9.83%
9.83%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 20.8 19.7 28.8 n/a 26.6
PE Ratio - Diluted 18.7
21.0		 19.9
19.9		 29.2
29.1		 n/a
n/a		 27.0
27.0
PEG - Adjusted 3.5 9.9 n/a n/a 0.1
PEG - Diluted 1.0
4.2		 6.6
6.6		 n/a
n/a		 n/a
n/a		 0.1
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21 28-Dec-19
Net Gearing 23.41% 24.60% 19.71% 79.26% 54.06%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21 28-Dec-19
Price/Book Value 5.1 5.5 8.2 6.0 7.1
Price/Tangible Book Value 5.1 5.5 8.2 6.0 7.1
Price/ Cash Flow 8.5 9.4 11.8 41.8 10.6
Price/Revenue 1.46 1.57 2.75 222.63 1.98
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 505.93p 426.17p 408.22p 303.07p 321.68p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21 28-Dec-19
Continuing Operations          
Revenue 1,809.60 1,512.80 1,229.70 8.19 1,167.90
EBITDA 317.30
296.70		 269.90
269.90		 260.60
260.60		 1.07
1.08		 114.80
114.80
Depreciation (125.00)
(125.00)		 (115.50)
(115.50)		 (107.40)
(107.40)		 (1.14)
(1.14)		 n/a
n/a
Net Interest (4.00)
(4.00)		 (6.10)
(6.10)		 (7.60)
(7.60)		 (0.07)
(0.07)		 (6.50)
(6.50)
Profit Before Tax 188.30
167.70		 148.30
148.30		 145.60
145.60		 (0.14)
(0.13)		 108.30
108.30
           
Revenue per Share 1,786.05p 1,490.65p 1,211.66p 8.11p 1,158.48p
Pre-Tax Profit per Share 185.85p
165.52p		 146.13p
146.13p		 143.46p
143.46p		 (0.14p)
(0.13p)		 107.43p
107.43p
Market Capitalisation £ (Millions) 2,662.74 2,389.43 3,396.23 1,831.75 2,322.54
Enterprise Value (EV) £ (Millions) 2,982.34 2,690.13 3,677.43 2,123.45 2,598.24
EBITDA/EV 10.64%
9.95%		 10.03%
10.03%		 7.09%
7.09%		 0.05%
0.05%		 4.42%
4.42%
Operating Margin 10.63%
9.49%		 10.21%
10.21%		 12.46%
12.46%		 (0.86%)
(0.76%)		 9.83%
9.83%
Capital Employed £ (Millions) 889.10 762.80 710.30 603.00 604.00
Return on Capital Employed 21.63%
19.31%		 20.24%
20.24%		 21.57%
21.57%		 n/a
n/a		 19.01%
19.01%
Invested Equity Capital £ (Millions) 587.80 475.00 442.00 326.90 345.10
           
Earnings per Share - Basic 140.60p
125.05p		 118.50p
118.54p		 115.70p
115.78p		 (12.90p)
(12.08p)		 86.20p
86.30p
Earnings per Share - Diluted 139.20p
123.86p		 117.50p
117.56p		 114.30p
114.36p		 (12.90p)
(12.08p)		 85.00p
85.03p
Earnings per Share - Adjusted 125.00p 118.50p 115.70p (12.90)p 86.20p
Earnings per Share Growth - Basic 19%
6%		 2%
2%		 n/a
n/a		 n/a
n/a		 32%
18%
Earnings per Share Growth - Diluted 18%
5%		 3%
3%		 n/a
n/a		 n/a
n/a		 32%
18%
Earnings per Share Growth - Adjusted 6% 2% n/a n/a 21%
PE Ratio - Diluted 18.7
21.0		 19.9
19.9		 29.2
29.1		 n/a
n/a		 27.0
27.0
PEG - Diluted 1.0
4.2		 6.6
6.6		 n/a
n/a		 n/a
n/a		 0.8
1.5
Tax Rate 24.32% 18.88% 19.30% 5.11% 19.67%
Dividend Cover 2.02
2.02		 2.01
2.01		 2.03
2.03		 n/a
n/a		 7.24
7.25
Interest Cover 48.08
42.93		 25.31
25.31		 20.16
20.16		 (1.04)
(0.93)		 17.66
17.66
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 140.60p
125.05p		 118.50p
118.54p		 115.70p
115.78p		 (0.13p)
(0.12p)		 86.20p
86.30p
Earnings per Share - Diluted 139.20p
123.86p		 117.50p
117.56p		 114.30p
114.36p		 (0.13p)
(0.12p)		 85.00p
85.03p
Earnings per Share - Adjusted 125.00p 118.50p 115.70p (0.13p) 86.20p
Earnings per Share Growth - Basic 19%
6%		 2%
2%		 n/a
n/a		 n/a
n/a		 427%
374%
Earnings per Share Growth - Diluted 18%
5%		 3%
3%		 n/a
n/a		 n/a
n/a		 426%
372%
Earnings per Share Growth - Adjusted 6% 2% n/a n/a 384%
PE Ratio - Diluted 18.7
21.0		 19.9
19.9		 29.2
29.1		 n/a
n/a		 27.0
27.0
PEG - Diluted 1.0
4.2		 6.6
6.6		 n/a
n/a		 n/a
n/a		 0.1
0.1
Dividend Cover 2.02
2.02		 2.01
2.01		 2.03
2.03		 n/a
n/a		 7.24
7.25
Return on Equity (ROE) 24.24%
21.55%		 25.33%
25.33%		 26.58%
26.58%		 (0.04%)
(0.04%)		 25.21%
25.21%
Operating Cash Flow per Share 306.75p 247.82p 281.31p 43.18p 217.33p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.65p (6.90p) 159.43p (0.55p) 3.08p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 62.00p 59.00p 57.00p n/a 11.90p
Dividend per Share Growth 5.08% 3.51% n/a n/a (66.67%)
Dividend Yield 2.4% 2.5% 1.7% 0.0% 0.5%
Shareholders Funds 530.90 446.00 429.20 321.60 341.10
Net Borrowings £ (Millions) 124.30 109.70 84.60 254.90 184.40
Net Asset Value per Share (inc. Intangibles) 505.93p 426.17p 408.22p 303.07p 321.68p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21 28-Dec-19
Shareholders' Funds inc Intangibles 530.90 446.00 429.20 321.60 341.10
Net Borrowings £ (Millions) 124.30 109.70 84.60 254.90 184.40
Net Gearing 23.41% 24.60% 19.71% 79.26% 54.06%
Cash & Near Cash 195.30 191.60 198.60 36.80 91.30
Cash 36.79% 42.96% 46.27% 11.44% 26.77%
Gross Borrowings 319.60 301.30 283.20 291.70 275.70
Gross Gearing 60.20% 67.56% 65.98% 90.70% 80.83%
Borrowings Under 5 years 319.60 301.30 283.20 291.70 275.70
Under 5 years 60.20% 67.56% 65.98% 90.70% 80.83%
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 30-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21 28-Dec-19
Shareholders' Funds exc Intangibles 512.60 432.50 414.30 306.00 324.30
Net Borrowings £ (Millions) 124.30 109.70 84.60 254.90 184.40
Net Gearing 24.25% 25.36% 20.42% 83.30% 56.86%
Cash & Near Cash 195.30 191.60 198.60 36.80 91.30
Cash 38.10% 44.30% 47.94% 12.03% 28.15%
Gross Borrowings 319.60 301.30 283.20 291.70 275.70
Gross Gearing 62.35% 69.66% 68.36% 95.33% 85.01%
Borrowings Under 5 years 319.60 301.30 283.20 291.70 275.70
Under 5 years 62.35% 69.66% 68.36% 95.33% 85.01%
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 30-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21 28-Dec-19
Quick Ratio 0.91 0.99 1.15 0.53 0.57
Current Ratio 1.09 1.16 1.29 0.68 0.68

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.

 

Top of Page