Mears Group (MER)

Sector:

Support

Index:

FTSE Small Cap

367.50p
   
  • Change Today:
    -5.50p
  • 52 Week High: 379.50
  • 52 Week Low: 196.40
  • Currency: UK Pounds
  • Shares Issued: 97.46m
  • Volume: 947,775
  • Market Cap: £358.17m
  • RiskGrade: 144

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Total Dividend3.70p10.50p2.50pn/a3.65p
For more dividend details, click here

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
Net Interest (5.24) (6.34) (8.07) (10.00) (8.73)
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
Discontinued Operations          
Profit After Tax n/a 0.49 1.12 56.81 (83.28)
PROFIT FOR THE PERIOD 36.66 29.00 14.26 44.80 (66.05)
Attributable to:          
Equity Holders of Parent Company 35.20 28.31 14.12 44.52 (66.39)
Minority Interests 1.46 0.69 0.14 0.28 0.34
           
Continuing EPS          
Earnings per Share - Basic 32.90p 25.07p 11.72p (10.66p) 15.72p
Earnings per Share - Diluted 31.94p 24.51p 11.50p (10.66p) 15.64p
Earnings per Share - Adjusted 32.90p 25.07p 18.23p (2.29p) 23.86p
Continuing and Discontinued EPS          
Earnings per Share - Basic 32.90p 25.51p 12.73p 40.21p (60.09p)
Earnings per Share - Diluted 31.94p 24.94p 12.49p 40.21p (59.77p)
Earnings per Share - Adjusted 32.90p 25.51p 18.23p 0.17p 8.35p
           
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
Investment Properties n/a n/a n/a n/a n/a
Investments 0.62 1.27 0.71 0.97 0.54
Other Financial Assets n/a n/a n/a n/a n/a
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
Trade & Other Receivables 126.69 128.33 148.30 139.88 164.09
Cash at Bank & in Hand 138.76 98.14 54.63 96.22 72.91
Current Asset Investments n/a n/a n/a n/a n/a
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
           
Liabilities          
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
  286.74 224.17 230.12 264.72 248.71
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 199.95 181.04 175.29 205.54 290.05
Provisions 12.69 8.01 10.48 3.67 1.57
Other Non-Current Liabilities 0.17 3.82 17.00 46.12 34.71
  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
           
Capital & Reserves          
Share Capital 1.02 1.11 1.11 1.11 1.11
Share Premium Account 2.33 82.35 82.26 82.22 82.22
Other Reserves 4.73 9.77 9.28 8.52 15.25
Retained Earnings 189.43 119.10 107.58 63.54 19.84
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
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 (25.65) (5.91) (6.20) 52.56 (5.48)
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 (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 8.3 10.3 n/a 12.3
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 1,117.71p 984.62p 9.10p 826.81p 904.42p
Pre-Tax Profit per Share 48.14p 35.85p 0.17p (15.61p) 20.78p
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%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.4 8.2 1,024.4 905.9 35.2
PEG - Adjusted 0.3 0.0 128.0 n/a n/a
Earnings per Share Growth - Adjusted 29% 13,763% 8% -98% -71%
Dividend Cover 2.53 2.43 0.02 n/a 2.29
           
Dividend Yield 4.2% 5.0% 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 139.43p 113.82p 58.15p 108.55p 90.75p
Cash Incr/Decr per Share 15.56p 44.64p (0.43p) 23.76p 46.36p
Net Asset Value per Share (exc. Intangibles) 73.41p 86.71p 77.52p 22.55p (34.38p)
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 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.

 

Top of Page