Mears Group (MER)

Sector:

Support

Index:

FTSE Small Cap

198.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 224.00
  • 52 Week Low: 182.00
  • Currency: UK Pounds
  • Shares Issued: 111.02m
  • Volume: 77,396
  • Market Cap: £220.38m
  • RiskGrade: 144

Dividend Data

  31-Dec-2131-Dec-2031-Dec-1931-Dec-1831-Dec-17
Interim Dividend2.50pn/a3.65p3.55p3.45p
Final Dividend5.50pn/an/a8.85p1.00p
Total Dividend2.50pn/a3.65p12.40p12.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Continuing Operations          
Revenue 878.42 805.82 881.46 771.86 900.18
Operating Profit/(Loss) 23.55 (6.28) 28.09 29.70 28.51
Net Interest (8.07) (10.00) (8.73) (2.32) (2.03)
Profit Before Tax 16.33 (15.22) 20.25 27.38 26.48
Profit After Tax 13.14 (12.01) 17.24 23.64 22.17
Discontinued Operations          
Profit After Tax 1.12 56.81 (83.28) 1.19 (13.32)
PROFIT FOR THE PERIOD 14.26 44.80 (66.05) 24.82 8.85
Attributable to:          
Equity Holders of Parent Company 14.12 44.52 (66.39) 24.00 7.58
Minority Interests 0.14 0.28 0.34 0.76 1.26
           
Continuing EPS          
Earnings per Share - Basic 11.72p (10.66p) 15.72p 21.91p 20.28p
Earnings per Share - Diluted 11.50p (10.66p) 15.64p 21.78p 20.10p
Earnings per Share - Adjusted 18.23p (2.29p) 23.86p 27.87p 28.29p
Continuing and Discontinued EPS          
Earnings per Share - Basic 12.73p 40.21p (60.09p) 23.05p 7.35p
Earnings per Share - Diluted 12.49p 40.21p (59.77p) 22.91p 7.29p
Earnings per Share - Adjusted 18.90p 0.17p 8.35p 29.24p 28.29p
           
Dividend per Share 8.00p n/a 3.65p 12.40p 12.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Assets          
Non-Current Assets          
Property, Plant & Equipment 225.66 223.64 224.71 24.96 22.00
Intangible Assets 125.48 134.08 151.85 240.78 210.91
Investment Properties n/a n/a n/a n/a n/a
Investments 0.71 0.97 0.54 n/a n/a
Other Financial Assets n/a n/a n/a n/a (0.34)
Other Non-Current Assets 54.10 49.68 32.06 38.81 32.00
  405.96 408.37 409.15 304.55 264.57
Current Assets          
Inventories 22.87 31.26 36.04 29.75 18.70
Trade & Other Receivables 148.30 139.88 164.09 170.85 153.91
Cash at Bank & in Hand 54.63 96.22 72.91 27.88 24.77
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 2.15 0.36 11.19 13.05 14.05
  227.96 267.72 284.23 241.53 211.43
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 633.92 676.09 693.38 546.08 476.01
           
Liabilities          
Current Liabilities          
Borrowings 41.60 43.35 39.17 30.38 13.94
Other Current Liabilities 188.52 221.37 209.54 189.79 184.74
  230.12 264.72 248.71 220.17 198.68
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 175.29 205.54 290.05 79.67 50.56
Provisions 10.48 3.67 1.57 8.61 7.10
Other Non-Current Liabilities 17.00 46.12 34.71 27.35 10.08
  202.76 255.32 326.33 115.63 67.74
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 432.88 520.04 575.04 335.80 266.42
           
Net Assets 201.04 156.05 118.34 210.28 209.59
           
Capital & Reserves          
Share Capital 1.11 1.11 1.11 1.11 1.04
Share Premium Account 82.26 82.22 82.22 82.22 60.20
Other Reserves 9.28 8.52 15.25 48.19 47.36
Retained Earnings 107.58 63.54 19.84 79.19 100.90
Shareholders Funds 200.24 155.39 118.42 210.71 209.49
           
Minority Interests/Other Equity 0.80 0.66 (0.09) (0.43) 0.10
Total Equity 201.04 156.05 118.34 210.28 209.59
Cash Flow 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Net Cash Flow From Operating Activities 56.67 105.79 88.44 0.64 15.54
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 (6.20) 52.56 (5.48) (40.57) (27.50)
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 (92.06) (135.19) (37.78) 43.04 (16.17)
Net Increase/Decrease In Cash (41.59) 23.16 45.19 3.11 (28.13)
Ratios - based on IFRS 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Continuing Operations          
PE Ratio - Adjusted 10.3 n/a 12.3 11.7 14.5
PEG - Adjusted n/a n/a n/a n/a n/a
Earnings per Share Growth - Adjusted n/a n/a -14% -2% -20%
Dividend Cover 2.28 n/a 6.54 2.25 2.36
Revenue per Share 7.99p 725.81p 793.94p 695.23p 810.80p
Pre-Tax Profit per Share 0.15p (13.71p) 18.24p 24.66p 23.85p
Operating Margin 2.68% (0.78%) 3.19% 3.85% 3.17%
Return on Capital Employed 0.08% n/a 9.75% 33.69% 40.57%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 988.1 905.9 35.2 11.1 14.5
PEG - Adjusted 82.3 n/a n/a 3.7 n/a
Earnings per Share Growth - Adjusted 12% -98% -71% 3% -10%
Dividend Cover 0.02 n/a 2.29 2.36 2.36
           
Dividend Yield 4.2% 0.0% 1.2% 3.8% 2.9%
Dividend per Share Growth n/a n/a (70.56%) 3.33% 2.56%
Operating Cash Flow per Share 51.04p 95.29p 79.66p 0.58p 14.00p
Cash Incr/Decr per Share (0.38p) 20.86p 40.70p 2.80p (25.34p)
Net Asset Value per Share (exc. Intangibles) 68.05p 19.79p (30.18p) (27.47p) (1.19p)
Net Gearing 81.03% 98.24% 216.44% 39.00% 18.96%

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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