Mears Group Plc (MERL)

386.25p
   
  • Change Today:
    -0.043p
  • 52 Week High: 394.00p
  • 52 Week Low: 253.50p
  • Currency: UK Pounds
  • Shares Issued: 101.94m
  • Volume: 8,691
  • Market Cap: £393.74m

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 1,089.33 959.61 878.42 805.82 881.46
Operating Profit/(Loss) 51.67 40.43 23.55 (6.28) 28.09
Profit Before Tax 46.92 34.94 16.33 (15.22) 20.25
Profit After Tax 36.66 28.50 13.14 (12.01) 17.24
           
Earnings per Share - Basic 32.90p 25.07p 11.72p (10.66p) 15.72p
Earnings per Share - Adjusted 32.90p 25.07p 18.23p (2.29p) 23.86p
           
Dividend per Share 13.00p 10.50p 8.00p n/a 3.65p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 272.18 233.62 225.66 223.64 224.71
Intangible Assets 128.91 129.32 125.48 134.08 151.85
Other Non-Current Assets 24.29 30.88 54.10 49.68 32.06
  426.01 395.09 405.96 408.37 409.15
Current Assets          
Inventories 1.46 6.88 22.87 31.26 36.04
Cash at Bank & in Hand 138.76 98.14 54.63 96.22 72.91
Other Current Assets 7.09 2.42 2.15 0.36 11.19
  274.00 235.77 227.96 267.72 284.23
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 700.01 630.86 633.92 676.09 693.38
Current Liabilities          
Borrowings 91.19 44.38 41.60 43.35 39.17
Other Current Liabilities 195.55 179.79 188.52 221.37 209.54
           
Current Liabilities 286.74 224.17 230.12 264.72 248.71
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Borrowings 199.95 181.04 175.29 205.54 290.05
Other Non-Current Liabilities 0.17 3.82 17.00 46.12 34.71
Non-Current Liabilities 212.81 192.87 202.76 255.32 326.33
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 499.55 417.04 432.88 520.04 575.04
           
Net Assets 200.46 213.82 201.04 156.05 118.34
           
Shareholders Funds 197.51 212.33 200.24 155.39 118.42
           
Minority Interests/Other Equity 2.95 1.49 0.80 0.66 (0.09)
Total Equity 200.46 213.82 201.04 156.05 118.34
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 135.89 110.93 56.67 105.79 88.44
Net Cash Flow from Investing Activities (25.65) (5.91) (6.20) 52.56 (5.48)
Net Cash Flow from Financing Activities (95.08) (61.52) (92.06) (135.19) (37.78)
Net Increase/Decrease In Cash 15.16 43.51 (41.59) 23.16 45.19
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 9.4 8.1 10.4 n/a 12.4
PEG - Adjusted 0.3 0.2 n/a n/a n/a
Earnings per Share Growth - Adjusted 31% 38% n/a n/a -14%
Dividend Cover 2.53 2.39 2.28 n/a 6.54
Revenue per Share 1,068.61p 941.37p 8.70p 790.50p 864.70p
Pre-Tax Profit per Share 46.03p 34.28p 0.16p (14.93p) 19.87p
Operating Margin 4.74% 4.21% 2.68% (0.78%) 3.19%
Return on Capital Employed 13.90% 12.99% 0.08% n/a 9.75%
           
Dividend Yield 4.2% 5.2% 4.2% 0.0% 1.2%
Dividend per Share Growth 23.81% 31.25% n/a n/a (70.56%)
Operating Cash Flow per Share 133.31p 108.82p 55.59p 103.78p 86.76p
Cash Incr/Decr per Share 14.88p 42.68p (0.41p) 22.72p 44.33p
Net Asset Value per Share (exc. Intangibles) 70.18p 82.90p 74.12p 21.55p (32.87p)
Net Gearing 77.15% 59.94% 81.03% 98.24% 216.44%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 5 minutes.

Note 2: Forecast figures based on normalised accounts.

 

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