Melrose Industries (MRO)

Sector:

Manufacturing

Index:

FTSE 100

640.40p
   
  • Change Today:
      15.20p
  • 52 Week High: 677.60p
  • 52 Week Low: 404.40p
  • Currency: UK Pounds
  • Shares Issued: 1,309.44m
  • Volume: 2,810,608
  • Market Cap: £8,386m
  • RiskGrade: 135

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend1.50p0.82p0.75pn/a2.25p
Final Dividend3.50pn/a1.00p0.75pn/a
Total Dividend5.00p2.33p1.75p0.75p1.70p
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 3,350.00 2,954.00 6,650.00 7,132.00 10,967.00
Operating Profit/(Loss) 57.00 (270.00) (493.00) (519.00) 280.00
Net Interest (65.00) (58.00) (167.00) (192.00) (212.00)
Profit Before Tax (8.00) (328.00) (660.00) (679.00) 106.00
Profit After Tax 1.00 (229.00) (480.00) (565.00) 55.00
Discontinued Operations          
Profit After Tax (1,020.00) (74.00) 1,317.00 32.00 (106.00)
PROFIT FOR THE PERIOD (1,019.00) (303.00) 837.00 (533.00) (51.00)
Attributable to:          
Equity Holders of Parent Company (1,019.00) (303.00) 833.00 (536.00) (60.00)
Minority Interests n/a 5.00 4.00 3.00 9.00
           
Continuing EPS          
Earnings per Share - Basic 0.100p (48.90p) (10.30p) (11.70p) 0.90p
Earnings per Share - Diluted 0.100p (48.90p) (10.30p) (11.70p) 0.90p
Earnings per Share - Adjusted 19.50p 12.30p 3.10p (0.60p) 14.30p
Continuing and Discontinued EPS          
Earnings per Share - Basic (75.50p) (65.70p) 17.70p (11.00p) (1.20p)
Earnings per Share - Diluted (75.50p) (65.70p) 17.70p (11.00p) (1.20p)
Earnings per Share - Adjusted 19.50p 12.30p 3.10p (0.60p) 14.30p
           
Dividend per Share 5.00p 6.97p 1.75p 0.75p 1.70p
  £ (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 777.00 2,599.00 2,528.00 3,133.00 3,432.00
Intangible Assets 3,351.00 6,846.00 7,390.00 9,198.00 9,784.00
Investment Properties n/a n/a n/a n/a n/a
Investments 121.00 497.00 516.00 464.00 484.00
Other Financial Assets 46.00 36.00 47.00 101.00 38.00
Other Non-Current Assets 1,316.00 1,136.00 957.00 619.00 584.00
  5,611.00 11,114.00 11,438.00 13,515.00 14,322.00
Current Assets          
Inventories 510.00 1,025.00 893.00 1,126.00 1,332.00
Trade & Other Receivables 713.00 1,426.00 1,184.00 1,658.00 1,970.00
Cash at Bank & in Hand 58.00 355.00 473.00 311.00 512.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 37.00 67.00 34.00 70.00 104.00
  1,318.00 2,873.00 2,584.00 3,165.00 3,918.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 6,929.00 13,987.00 14,022.00 16,680.00 18,240.00
           
Liabilities          
Current Liabilities          
Borrowings 94.00 123.00 519.00 246.00 355.00
Other Current Liabilities 1,439.00 2,855.00 2,605.00 3,117.00 3,131.00
  1,533.00 2,978.00 3,124.00 3,363.00 3,486.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 728.00 1,739.00 1,222.00 3,400.00 3,975.00
Provisions 580.00 949.00 1,022.00 1,338.00 1,447.00
Other Non-Current Liabilities 521.00 1,153.00 1,114.00 1,469.00 1,781.00
  1,829.00 3,841.00 3,358.00 6,207.00 7,203.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 3,362.00 6,819.00 6,482.00 9,570.00 10,689.00
           
Net Assets 3,567.00 7,168.00 7,540.00 7,110.00 7,551.00
           
Capital & Reserves          
Share Capital 309.00 309.00 333.00 333.00 333.00
Share Premium Account 3,271.00 3,271.00 3,271.00 8,138.00 8,138.00
Other Reserves (1,195.00) (830.00) (1,416.00) (2,251.00) (2,143.00)
Retained Earnings 1,182.00 4,379.00 5,319.00 861.00 1,197.00
Shareholders Funds 3,567.00 7,129.00 7,507.00 7,081.00 7,525.00
           
Minority Interests/Other Equity n/a 39.00 33.00 29.00 26.00
Total Equity 3,567.00 7,168.00 7,540.00 7,110.00 7,551.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 29.00 204.00 263.00 764.00 749.00
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 72.00 192.00 2,511.00 (248.00) (415.00)
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 (966.00) (599.00) (2,466.00) (676.00) (415.00)
Net Increase/Decrease In Cash (865.00) (203.00) 308.00 (160.00) (81.00)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 29.1 32.8 154.7 n/a 45.3
PEG - Adjusted 0.5 0.1 n/a n/a 3.5
Earnings per Share Growth - Adjusted 58% 297% n/a n/a 13%
Dividend Cover 3.90 1.76 1.77 (0.80) 8.41
Revenue per Share 255.84p 70.03p 1.43p 146.81p 225.75p
Pre-Tax Profit per Share (0.61p) (7.78p) (0.14p) (13.98p) 2.18p
Operating Margin 1.70% (9.14%) (7.41%) (7.28%) 2.55%
Return on Capital Employed 3.52% n/a n/a n/a 8.97%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 29.1 32.8 15,330.1 n/a 45.3
PEG - Adjusted 0.5 0.0 n/a n/a 3.5
Earnings per Share Growth - Adjusted 58% 39,208% n/a n/a 13%
Dividend Cover 3.90 1.76 0.02 (0.80) 8.41
           
Dividend Yield 0.9% 1.7% 0.4% 0.2% 0.3%
Dividend per Share Growth (28.32%) 298.57% 133.33% (55.88%) (63.04%)
Operating Cash Flow per Share 2.21p 4.84p 5.60p 15.73p 15.42p
Cash Incr/Decr per Share (66.06p) (4.81p) 0.066p (3.29p) (1.67p)
Net Asset Value per Share (exc. Intangibles) 16.50p 7.63p 3.19p (42.98p) (45.97p)
Net Gearing 21.42% 21.14% 16.89% 47.10% 50.74%

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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