£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 30-Sep-23 | 24-Sep-22 | 25-Sep-21 | 26-Sep-20 | 28-Sep-19 |
Annualisation Factor | 1.0 | 1.0 | n/a | 1.0 | 1.0 |
Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | 14.5 | 8.4 | n/a | n/a | 9.3 |
PE Ratio - Diluted | n/a 14.0 |
68.9 8.4 |
n/a n/a |
n/a n/a |
10.4 9.3 |
PEG - Adjusted | n/a | n/a | n/a | n/a | 0.4 |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
0.2 0.7 |
Return on Capital Employed | 2.22% 5.21% |
2.74% 5.34% |
0.02% 0.01% |
0.09% 2.21% |
7.21% 7.71% |
Operating Margin | 3.80% 8.91% |
5.53% 10.78% |
7.32% 2.44% |
0.27% 6.03% |
12.96% 13.86% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 14.5 | 8.4 | n/a | n/a | 9.3 |
PE Ratio - Diluted | n/a 14.0 |
68.9 8.4 |
n/a n/a |
n/a n/a |
10.4 9.3 |
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 | 30-Sep-23 | 24-Sep-22 | 25-Sep-21 | 26-Sep-20 | 28-Sep-19 |
Net Gearing | 78.26% | 81.10% | 86.07% | 128.09% | 83.15% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 30-Sep-23 | 24-Sep-22 | 25-Sep-21 | 26-Sep-20 | 28-Sep-19 |
Price/Book Value | 0.6 | 0.4 | 0.7 | 0.3 | 0.8 |
Price/Tangible Book Value | 0.6 | 0.4 | 0.7 | 0.3 | 0.8 |
Price/ Cash Flow | 5.4 | 3.8 | 60.7 | 4.6 | 5.6 |
Price/Revenue | 0.54 | 0.41 | 141.25 | 0.39 | 0.66 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 355.13p | 357.81p | 368.78p | 350.84p | 452.69p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 30-Sep-23 | 24-Sep-22 | 25-Sep-21 | 26-Sep-20 | 28-Sep-19 |
Continuing Operations | |||||
Revenue | 2,503.00 | 2,208.00 | 10.75 | 1,475.00 | 2,237.00 |
EBITDA | 228.00 356.00 |
255.00 371.00 |
2.19 1.67 |
4.00 89.00 |
290.00 310.00 |
Depreciation | (133.00) (133.00) |
(133.00) (133.00) |
(1.40) (1.40) |
n/a n/a |
n/a n/a |
Net Interest | (108.00) (108.00) |
(114.00) (114.00) |
(1.21) (1.21) |
(127.00) (127.00) |
(113.00) (113.00) |
Profit Before Tax | (13.00) 115.00 |
8.00 124.00 |
(0.42) (0.95) |
(123.00) (32.00) |
177.00 197.00 |
Revenue per Share | 420.67p | 371.09p | 1.90p | 311.18p | 523.89p |
Pre-Tax Profit per Share | (2.19p) 19.33p |
1.34p 20.84p |
(0.075p) (0.17p) |
(25.95p) (6.75p) |
41.45p 46.14p |
Market Capitalisation £ (Millions) | 1,350.86 | 905.63 | 1,597.75 | 523.44 | 446.53 |
Enterprise Value (EV) £ (Millions) | 3,140.86 | 2,844.63 | 3,656.75 | 2,841.44 | 2,195.53 |
EBITDA/EV | 7.26% 11.33% |
8.96% 13.04% |
0.06% 0.05% |
0.14% 3.13% |
13.21% 14.12% |
Operating Margin | 3.80% 8.91% |
5.53% 10.78% |
7.32% 2.44% |
0.27% 6.03% |
12.96% 13.86% |
Capital Employed £ (Millions) | 4,284.00 | 4,459.00 | 4,509.00 | 4,291.00 | 4,022.00 |
Return on Capital Employed | 2.22% 5.21% |
2.74% 5.34% |
0.02% 0.01% |
0.09% 2.21% |
7.21% 7.71% |
Invested Equity Capital £ (Millions) | 2,508.00 | 2,528.00 | 2,459.00 | 1,984.00 | 2,284.00 |
Earnings per Share - Basic | (0.70p) 16.13p |
2.20p 17.98p |
(11.50p) (13.58p) |
(26.20p) (4.43p) |
33.50p 37.24p |
Earnings per Share - Diluted | (0.70p) 16.13p |
2.20p 17.95p |
(11.50p) (13.56p) |
(26.10p) (4.42p) |
33.30p 37.15p |
Earnings per Share - Adjusted | 15.60p | 18.00p | (13.60)p | (6.30)p | 37.20p |
Earnings per Share Growth - Basic | n/a -10% |
n/a n/a |
n/a n/a |
n/a n/a |
51% 14% |
Earnings per Share Growth - Diluted | n/a -10% |
n/a n/a |
n/a n/a |
n/a n/a |
51% 14% |
Earnings per Share Growth - Adjusted | -13% | n/a | n/a | n/a | 21% |
PE Ratio - Diluted | n/a 14.0 |
68.9 8.4 |
n/a n/a |
n/a n/a |
10.4 9.3 |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
0.2 0.7 |
Tax Rate | 69.23% | (62.50%) | (54.76%) | 8.94% | 19.21% |
Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Interest Cover | 0.89 1.99 |
1.07 2.08 |
0.66 0.23 |
0.04 0.75 |
2.55 2.73 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (0.70p) 16.13p |
2.20p 17.98p |
(0.12p) (0.14p) |
(26.20p) (5.70p) |
33.50p 37.24p |
Earnings per Share - Diluted | (0.70p) 16.13p |
2.20p 17.95p |
(0.12p) (0.14p) |
(26.10p) (5.68p) |
33.30p 37.15p |
Earnings per Share - Adjusted | 15.60p | 18.00p | (0.14p) | (6.30p) | 37.20p |
Earnings per Share Growth - Basic | n/a -10% |
n/a n/a |
n/a n/a |
n/a n/a |
356% 243% |
Earnings per Share Growth - Diluted | n/a -10% |
n/a n/a |
n/a n/a |
n/a n/a |
355% 244% |
Earnings per Share Growth - Adjusted | -13% | n/a | n/a | n/a | 264% |
PE Ratio - Diluted | n/a 14.0 |
68.9 8.4 |
n/a n/a |
n/a n/a |
10.4 9.3 |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
0.0 0.0 |
Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Return on Equity (ROE) | (0.16%) 3.83% |
0.51% 4.23% |
(0.03%) (0.03%) |
(5.65%) (1.36%) |
6.26% 6.96% |
Operating Cash Flow per Share | 41.68p | 40.00p | 4.41p | 26.79p | 62.30p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (14.45p) | (6.55p) | 0.12p | 5.06p | 2.58p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share Growth | n/a | n/a | n/a | n/a | n/a |
Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Shareholders Funds | 2,130.00 | 2,143.00 | 2,104.00 | 1,677.00 | 1,947.00 |
Net Borrowings £ (Millions) | 1,667.00 | 1,738.00 | 1,811.00 | 2,148.00 | 1,619.00 |
Net Asset Value per Share (inc. Intangibles) | 355.13p | 357.81p | 368.78p | 350.84p | 452.69p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 30-Sep-23 | 24-Sep-22 | 25-Sep-21 | 26-Sep-20 | 28-Sep-19 |
Shareholders' Funds inc Intangibles | 2,130.00 | 2,143.00 | 2,104.00 | 1,677.00 | 1,947.00 |
Net Borrowings £ (Millions) | 1,667.00 | 1,738.00 | 1,811.00 | 2,148.00 | 1,619.00 |
Net Gearing | 78.26% | 81.10% | 86.07% | 128.09% | 83.15% |
Cash & Near Cash | 126.00 | 207.00 | 252.00 | 173.00 | 133.00 |
Cash | 5.92% | 9.66% | 11.98% | 10.32% | 6.83% |
Gross Borrowings | 1,793.00 | 1,945.00 | 2,063.00 | 2,321.00 | 1,752.00 |
Gross Gearing | 84.18% | 90.76% | 98.05% | 138.40% | 89.98% |
Borrowings Under 5 years | 1,793.00 | 1,945.00 | 2,063.00 | 2,321.00 | 1,752.00 |
Under 5 years | 84.18% | 90.76% | 98.05% | 138.40% | 89.98% |
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-Sep-23 | 24-Sep-22 | 25-Sep-21 | 26-Sep-20 | 28-Sep-19 |
Shareholders' Funds exc Intangibles | 2,113.00 | 2,129.00 | 2,091.00 | 1,663.00 | 1,933.00 |
Net Borrowings £ (Millions) | 1,667.00 | 1,738.00 | 1,811.00 | 2,148.00 | 1,619.00 |
Net Gearing | 78.89% | 81.63% | 86.61% | 129.16% | 83.76% |
Cash & Near Cash | 126.00 | 207.00 | 252.00 | 173.00 | 133.00 |
Cash | 5.96% | 9.72% | 12.05% | 10.40% | 6.88% |
Gross Borrowings | 1,793.00 | 1,945.00 | 2,063.00 | 2,321.00 | 1,752.00 |
Gross Gearing | 84.86% | 91.36% | 98.66% | 139.57% | 90.64% |
Borrowings Under 5 years | 1,793.00 | 1,945.00 | 2,063.00 | 2,321.00 | 1,752.00 |
Under 5 years | 84.86% | 91.36% | 98.66% | 139.57% | 90.64% |
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-Sep-23 | 24-Sep-22 | 25-Sep-21 | 26-Sep-20 | 28-Sep-19 |
Quick Ratio | 0.38 | 0.48 | 0.50 | 0.31 | 0.38 |
Current Ratio | 0.41 | 0.52 | 0.53 | 0.34 | 0.43 |
* 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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