Pearson (PSON)

Sector:

Media

Index:

FTSE 100

859.20p
   
  • Change Today:
    -9.20p
  • 52 Week High: 995.20
  • 52 Week Low: 754.00
  • Currency: UK Pounds
  • Shares Issued: 716.68m
  • Volume: 517,347
  • Market Cap: £6,158m
  • RiskGrade: 238

Dividend Data

  31-Dec-2231-Dec-2131-Dec-2031-Dec-1931-Dec-18
Interim Dividend6.60p6.30p6.00p6.00p5.50p
Final Dividend14.90p14.20p13.50p13.50p13.00p
Total Dividend21.50p20.50p19.50p19.50p18.50p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 3,841.00 3,428.00 3,397.00 3,869.00 4,129.00
Operating Profit/(Loss) 270.00 182.00 406.00 221.00 509.00
Net Interest 52.00 (6.00) (57.00) (43.00) (55.00)
Profit Before Tax 323.00 177.00 354.00 232.00 498.00
Profit After Tax 244.00 178.00 310.00 266.00 590.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 244.00 178.00 310.00 266.00 590.00
Attributable to:          
Equity Holders of Parent Company 242.00 177.00 310.00 264.00 588.00
Minority Interests 2.00 1.00 n/a 2.00 2.00
           
Continuing EPS          
Earnings per Share - Basic 32.80p 23.50p 41.00p 34.00p 75.60p
Earnings per Share - Diluted 32.60p 23.30p 41.00p 34.00p 75.50p
Earnings per Share - Adjusted 51.80p 34.90p 41.00p 34.00p 70.30p
Continuing and Discontinued EPS          
Earnings per Share - Basic 32.80p 23.50p 41.00p 34.00p 75.60p
Earnings per Share - Diluted 32.60p 23.30p 41.00p 34.00p 75.50p
Earnings per Share - Adjusted 51.80p 34.90p 41.00p 34.00p 70.30p
           
Dividend per Share 21.50p 20.50p 19.50p 19.50p 18.50p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Assets          
Non-Current Assets          
Property, Plant & Equipment 250.00 366.00 515.00 618.00 237.00
Intangible Assets 3,177.00 2,769.00 2,742.00 2,900.00 3,009.00
Investment Properties 60.00 n/a n/a n/a n/a
Investments 25.00 24.00 6.00 7.00 392.00
Other Financial Assets 176.00 143.00 183.00 151.00 160.00
Other Non-Current Assets 818.00 820.00 665.00 801.00 731.00
  4,506.00 4,122.00 4,111.00 4,477.00 4,529.00
Current Assets          
Inventories 105.00 98.00 129.00 169.00 164.00
Trade & Other Receivables 1,139.00 1,257.00 1,118.00 1,275.00 1,178.00
Cash at Bank & in Hand 543.00 937.00 1,097.00 437.00 568.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 1,000.00 922.00 923.00 895.00 818.00
  2,787.00 3,214.00 3,267.00 2,776.00 2,728.00
           
Other Assets 16.00 7.00 73.00 397.00 648.00
Total Assets 7,309.00 7,343.00 7,451.00 7,650.00 7,905.00
           
Liabilities          
Current Liabilities          
Borrowings 71.00 155.00 254.00 92.00 46.00
Other Current Liabilities 1,393.00 1,425.00 1,317.00 1,400.00 1,515.00
  1,464.00 1,580.00 1,571.00 1,492.00 1,561.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,144.00 1,245.00 1,397.00 1,572.00 674.00
Provisions 51.00 47.00 70.00 61.00 281.00
Other Non-Current Liabilities 235.00 191.00 205.00 202.00 291.00
  1,430.00 1,483.00 1,672.00 1,835.00 1,246.00
           
Other Liabilities n/a n/a 74.00 n/a 573.00
Total Liabilities 2,894.00 3,063.00 3,317.00 3,327.00 3,380.00
           
Net Assets 4,415.00 4,280.00 4,134.00 4,323.00 4,525.00
           
Capital & Reserves          
Share Capital 179.00 189.00 188.00 195.00 195.00
Share Premium Account 2,633.00 2,626.00 2,620.00 2,614.00 2,607.00
Other Reserves (15.00) (12.00) (7.00) (24.00) 1,714.00
Retained Earnings 1,605.00 1,467.00 1,324.00 1,528.00 n/a
Shareholders Funds 4,402.00 4,270.00 4,125.00 4,313.00 4,516.00
           
Minority Interests/Other Equity 13.00 10.00 9.00 10.00 9.00
Total Equity 4,415.00 4,280.00 4,134.00 4,323.00 4,525.00
Cash Flow 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Cash Flow From Operating Activities 361.00 326.00 389.00 369.00 462.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 13.00 (80.00) 591.00 (325.00) 211.00
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (768.00) (422.00) (301.00) (135.00) (778.00)
Net Increase/Decrease In Cash (394.00) (176.00) 679.00 (91.00) (105.00)
Ratios - based on IFRS 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
PE Ratio - Adjusted 18.1 17.6 16.6 18.7 13.3
PEG - Adjusted 0.4 n/a 0.8 n/a 0.4
Earnings per Share Growth - Adjusted 48% -15% 21% -52% 30%
Dividend Cover 2.41 1.70 2.10 1.74 3.80
Revenue per Share 520.39p 4.59p 449.70p 497.94p 530.65p
Pre-Tax Profit per Share 43.76p 0.24p 46.86p 29.86p 64.00p
Operating Margin 7.03% 5.31% 11.95% 5.71% 12.33%
Return on Capital Employed 10.82% 0.06% 13.20% 8.74% 21.97%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.1 1,740.7 16.6 18.7 13.3
PEG - Adjusted 0.0 n/a 0.8 n/a 0.4
Earnings per Share Growth - Adjusted 14,604% -99% 21% -52% 30%
Dividend Cover 2.41 0.02 2.10 1.74 3.80
           
Dividend Yield 2.3% 3.3% 2.9% 3.1% 2.0%
Dividend per Share Growth 4.88% 5.13% n/a 5.41% 8.82%
Operating Cash Flow per Share 48.91p 43.23p 51.50p 47.49p 59.38p
Cash Incr/Decr per Share (53.38p) (0.24p) 89.89p (11.71p) (13.49p)
Net Asset Value per Share (exc. Intangibles) 167.73p 200.37p 184.27p 183.14p 194.83p
Net Gearing 15.27% 10.84% 13.43% 28.45% 3.37%

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 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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