£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Annualisation Factor | 1.0 | n/a | 1.0 | 1.0 | 0.1 |
Dividend Yield | 4.7% | 1.8% | 1.6% | 1.8% | 4.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | 12.5 | 28.7 | 23.6 | 21.4 | 12.2 |
PE Ratio - Diluted | n/a n/a |
45.2 41.0 |
29.3 25.7 |
29.4 24.7 |
13.9 13.6 |
PEG - Adjusted | n/a | n/a | 0.6 | n/a | 0.1 |
PEG - Diluted | n/a n/a |
n/a n/a |
0.6 0.6 |
n/a n/a |
0.2 0.1 |
Return on Capital Employed | n/a n/a |
0.26% 0.28% |
34.25% 38.19% |
25.72% 26.88% |
4.53% 4.61% |
Operating Margin | (8.30%) (3.37%) |
12.36% 13.32% |
16.03% 18.17% |
12.01% 13.96% |
20.14% 20.50% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 12.5 | 2,838.4 | 23.6 | 21.4 | 97.7 |
PE Ratio - Diluted | n/a n/a |
4,474.6 4,061.0 |
29.3 25.7 |
29.4 24.7 |
111.1 108.6 |
PEG - Adjusted | 0.0 | n/a | 0.6 | 0.0 | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
0.6 0.6 |
0.1 0.0 |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Net Gearing | 146.75% | 19.07% | 13.92% | 34.52% | 38.12% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Price/Book Value | (49.8) | 15.8 | 13.8 | 15.1 | 10.4 |
Price/Tangible Book Value | (44.7) | 16.0 | 13.9 | 15.3 | 10.6 |
Price/ Cash Flow | (196.7) | 27.6 | 19.9 | 12.8 | 15.4 |
Price/Revenue | 1.35 | 413.51 | 3.89 | 2.96 | 16.88 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | (40.27p) | 325.92p | 339.96p | 205.18p | 207.48p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Continuing Operations | |||||
Revenue | 290.40 | 2.43 | 233.30 | 199.90 | 24.37 |
EBITDA | (6.50) 7.80 |
0.30 0.32 |
37.40 42.40 |
24.00 27.90 |
6.05 6.13 |
Depreciation | (17.60) (17.60) |
n/a n/a |
n/a n/a |
n/a n/a |
(1.14) (1.14) |
Net Interest | (6.10) (6.10) |
(0.01) (0.01) |
(1.70) (1.70) |
n/a n/a |
(0.21) (0.21) |
Profit Before Tax | (30.20) (15.90) |
0.29 0.31 |
35.70 40.00 |
24.00 27.90 |
4.70 4.78 |
Revenue per Share | 1,480.42p | 12.43p | 1,207.18p | 1,043.65p | 127.37p |
Pre-Tax Profit per Share | (153.96p) (81.06p) |
1.47p 1.59p |
184.72p 206.97p |
125.30p 145.66p |
24.55p 25.00p |
Market Capitalisation £ (Millions) | 395.83 | 989.05 | 902.46 | 594.59 | 413.71 |
Enterprise Value (EV) £ (Millions) | 611.03 | 1,025.75 | 930.46 | 647.59 | 477.21 |
EBITDA/EV | (1.06%) 1.28% |
0.03% 0.03% |
4.02% 4.56% |
3.71% 4.31% |
1.27% 1.29% |
Operating Margin | (8.30%) (3.37%) |
12.36% 13.32% |
16.03% 18.17% |
12.01% 13.96% |
20.14% 20.50% |
Capital Employed £ (Millions) | 229.20 | 114.90 | 109.20 | 103.80 | 108.40 |
Return on Capital Employed | n/a n/a |
0.26% 0.28% |
34.25% 38.19% |
25.72% 26.88% |
4.53% 4.61% |
Invested Equity Capital £ (Millions) | 150.00 | 181.10 | 170.60 | 143.80 | 141.60 |
Earnings per Share - Basic | (102.00p) (29.06p) |
115.80p 127.60p |
163.00p 185.24p |
107.00p 127.39p |
157.80p 161.49p |
Earnings per Share - Diluted | (101.60p) (28.96p) |
113.80p 125.39p |
160.30p 182.16p |
105.00p 124.99p |
154.90p 158.46p |
Earnings per Share - Adjusted | 160.60p | 179.40p | 198.40p | 144.10p | 176.10p |
Earnings per Share Growth - Basic | n/a n/a |
-29% -31% |
52% 45% |
-32% -21% |
88% 92% |
Earnings per Share Growth - Diluted | n/a n/a |
-29% -31% |
53% 46% |
-32% -21% |
86% 91% |
Earnings per Share Growth - Adjusted | -10% | -10% | 38% | -18% | 109% |
PE Ratio - Diluted | n/a n/a |
45.2 41.0 |
29.3 25.7 |
29.4 24.7 |
13.9 13.6 |
PEG - Diluted | n/a n/a |
n/a n/a |
0.6 0.6 |
n/a n/a |
0.2 0.1 |
Tax Rate | 35.10% | 19.01% | 11.20% | 13.33% | 19.15% |
Dividend Cover | 1.71 (0.31) |
1.91 1.36 |
2.68 2.50 |
2.62 2.32 |
2.07 1.90 |
Interest Cover | (3.95) (1.61) |
22.85 24.62 |
22.00 24.53 |
n/a n/a |
23.12 23.53 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (102.00p) (29.06p) |
1.17p 1.29p |
163.00p 185.24p |
107.00p 127.39p |
19.71p 20.17p |
Earnings per Share - Diluted | (101.60p) (28.96p) |
1.15p 1.27p |
160.30p 182.16p |
105.00p 124.99p |
19.35p 19.79p |
Earnings per Share - Adjusted | 160.60p | 1.81p | 198.40p | 144.10p | 22.00p |
Earnings per Share Growth - Basic | n/a n/a |
-99% -99% |
52% 45% |
443% 532% |
-76% -76% |
Earnings per Share Growth - Diluted | n/a n/a |
-99% -99% |
53% 46% |
443% 531% |
-77% -76% |
Earnings per Share Growth - Adjusted | 8,769% | -99% | 38% | 555% | -74% |
PE Ratio - Diluted | n/a n/a |
4,474.6 4,061.0 |
29.3 25.7 |
29.4 24.7 |
111.1 108.6 |
PEG - Diluted | n/a n/a |
n/a n/a |
0.6 0.6 |
0.1 0.0 |
n/a n/a |
Dividend Cover | 1.71 (0.31) |
0.02 0.01 |
2.68 2.50 |
2.62 2.32 |
0.26 0.24 |
Return on Equity (ROE) | (13.33%) (3.80%) |
0.13% 0.14% |
18.46% 20.98% |
14.26% 16.97% |
2.66% 2.73% |
Operating Cash Flow per Share | (10.20p) | 186.53p | 235.95p | 241.20p | 139.54p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 61.17p | (0.26p) | 13.97p | 1.04p | (2.74p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 94.00p | 94.00p | 74.00p | 55.00p | 85.00p |
Dividend per Share Growth | n/a | 27.03% | 34.55% | (35.29%) | 157.58% |
Dividend Yield | 4.7% | 1.8% | 1.6% | 1.8% | 4.0% |
Shareholders Funds | 138.60 | 171.50 | 163.80 | 138.20 | 136.40 |
Net Borrowings £ (Millions) | 203.40 | 32.70 | 22.80 | 47.70 | 52.00 |
Net Asset Value per Share (inc. Intangibles) | (44.86p) | 321.31p | 336.33p | 201.52p | 202.26p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Shareholders' Funds inc Intangibles | 138.60 | 171.50 | 163.80 | 138.20 | 136.40 |
Net Borrowings £ (Millions) | 203.40 | 32.70 | 22.80 | 47.70 | 52.00 |
Net Gearing | 146.75% | 19.07% | 13.92% | 34.52% | 38.12% |
Cash & Near Cash | 22.30 | 9.00 | 13.90 | 11.20 | 11.50 |
Cash | 16.09% | 5.25% | 8.49% | 8.10% | 8.43% |
Gross Borrowings | 225.70 | 41.70 | 36.70 | 58.90 | 63.50 |
Gross Gearing | 162.84% | 24.31% | 22.41% | 42.62% | 46.55% |
Borrowings Under 5 years | 225.70 | 41.70 | 36.70 | 58.90 | 63.50 |
Under 5 years | 162.84% | 24.31% | 22.41% | 42.62% | 46.55% |
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-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Shareholders' Funds exc Intangibles | (8.80) | 62.70 | 65.00 | 38.60 | 38.70 |
Net Borrowings £ (Millions) | 203.40 | 32.70 | 22.80 | 47.70 | 52.00 |
Net Gearing | n/a | 52.15% | 35.08% | 123.58% | 134.37% |
Cash & Near Cash | 22.30 | 9.00 | 13.90 | 11.20 | 11.50 |
Cash | (253.41%) | 14.35% | 21.38% | 29.02% | 29.72% |
Gross Borrowings | 225.70 | 41.70 | 36.70 | 58.90 | 63.50 |
Gross Gearing | 2,564.78% | 66.51% | 56.46% | 152.59% | 164.08% |
Borrowings Under 5 years | 225.70 | 41.70 | 36.70 | 58.90 | 63.50 |
Under 5 years | (2,564.78%) | 66.51% | 56.46% | 152.59% | 164.08% |
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-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Quick Ratio | 1.06 | 0.97 | 1.52 | 1.71 | 1.81 |
Current Ratio | 2.13 | 2.48 | 3.08 | 3.16 | 3.92 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
You are here: research