TI Fluid Systems (TIFS)

Index:

FTSE 250

144.40p
   
  • Change Today:
    -1.20p
  • 52 Week High: 169.20
  • 52 Week Low: 103.60
  • Currency: UK Pounds
  • Shares Issued: 508.46m
  • Volume: 948,240
  • Market Cap: £734.22m

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend2.30¢1.00¢6.74¢n/a3.02¢
Final Dividend4.53¢1.54¢1.46¢n/an/a
Total Dividend2.30¢2.54¢8.67¢n/a3.02¢
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 3,516.20 3,268.30 2,956.60 2,814.50 3,411.10
Operating Profit/(Loss) 195.80 (217.00) 126.80 (176.30) 258.90
Net Interest (74.70) (58.70) (71.80) (74.00) (57.50)
Profit Before Tax 121.10 (275.70) 54.10 (253.80) 201.70
Profit After Tax 83.60 (279.00) 16.00 (252.20) 144.60
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 83.60 (279.00) 16.00 (252.20) 144.60
Attributable to:          
Equity Holders of Parent Company 83.50 (279.10) 14.30 (254.10) 141.60
Minority Interests 0.10 0.10 1.70 1.90 3.00
           
Continuing EPS          
Earnings per Share - Basic 16.19¢ (54.39¢) 2.76¢ (48.88¢) 27.24¢
Earnings per Share - Diluted 16.11¢ (54.39¢) 2.73¢ (48.88¢) 27.24¢
Earnings per Share - Adjusted 25.80¢ 16.40¢ 11.23¢ 2.64¢ 28.91¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 16.19¢ (54.39¢) 2.76¢ (48.88¢) 27.24¢
Earnings per Share - Diluted 16.11¢ (54.39¢) 2.73¢ (48.88¢) 27.24¢
Earnings per Share - Adjusted 25.80¢ 16.40¢ 11.23¢ 2.64¢ 28.91¢
           
Dividend per Share 6.83¢ 2.54¢ 3.39¢ 6.74¢ 3.02¢
    (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 643.60 640.70 720.60 715.70 876.40
Intangible Assets 542.40 603.90 884.80 883.80 1,182.20
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a 14.60 19.20
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 149.50 125.80 89.70 81.30 46.70
  1,335.50 1,370.40 1,695.10 1,695.40 2,124.50
Current Assets          
Inventories 378.40 372.00 332.30 351.40 367.10
Trade & Other Receivables 551.20 541.90 520.50 534.80 574.50
Cash at Bank & in Hand 416.70 491.00 499.10 485.80 411.70
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 12.00 10.70 13.20 15.00 33.00
  1,358.30 1,415.60 1,365.10 1,387.00 1,386.30
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 2,693.80 2,786.00 3,060.20 3,082.40 3,510.80
           
Liabilities          
Current Liabilities          
Borrowings 26.40 30.00 31.90 36.00 31.10
Other Current Liabilities 703.50 643.50 625.00 680.60 704.60
  729.90 673.50 656.90 716.60 735.70
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,117.80 1,235.50 1,218.30 1,191.70 1,286.50
Provisions 61.30 83.30 98.40 109.20 133.50
Other Non-Current Liabilities 119.00 117.00 142.70 180.70 166.00
  1,298.10 1,435.80 1,459.40 1,481.60 1,586.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,028.00 2,109.30 2,116.30 2,198.20 2,321.70
           
Net Assets 665.80 676.70 943.90 884.20 1,189.10
           
Capital & Reserves          
Share Capital 6.80 6.80 6.80 6.80 6.80
Share Premium Account 2.20 2.20 2.20 2.20 2.20
Other Reserves (109.50) (55.40) (61.40) (137.70) (106.10)
Retained Earnings 765.70 722.60 995.90 987.70 1,261.70
Shareholders Funds 665.20 676.20 943.50 859.00 1,164.60
           
Minority Interests/Other Equity 0.60 0.50 0.40 25.20 24.50
Total Equity 665.80 676.70 943.90 884.20 1,189.10
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 236.10 167.50 215.10 257.60 334.40
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 (131.90) (116.60) (103.60) (95.40) (157.00)
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 (162.50) (62.40) (122.50) (51.60) (129.20)
Net Increase/Decrease In Cash (58.30) (11.50) (11.00) 110.60 48.20
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 7.0 9.5 26.5 108.5 10.8
PEG - Adjusted 0.1 0.2 0.1 n/a n/a
Earnings per Share Growth - Adjusted 57% 46% 325% -91% -3%
Dividend Cover 3.78 6.46 3.31 0.39 9.57
Revenue per Share 681.96¢ 636.97¢ 5.75¢ 541.46¢ 656.11¢
Pre-Tax Profit per Share 23.49¢ (53.73¢) 0.10¢ (48.83¢) 38.80¢
Operating Margin 5.57% (6.64%) 4.29% (6.26%) 7.59%
Return on Capital Employed 14.73% n/a 0.09% n/a 17.78%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 7.0 9.5 2,629.0 108.5 10.8
PEG - Adjusted 0.1 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted 57% 14,368% -96% -91% -3%
Dividend Cover 3.78 6.46 0.03 0.39 9.57
           
Dividend Yield 3.8% 1.6% 1.1% 2.4% 1.0%
Dividend per Share Growth 168.90% (25.07%) (49.70%) 123.18% (66.29%)
Operating Cash Flow per Share 45.79¢ 32.65¢ 41.44¢ 49.56¢ 64.32¢
Cash Incr/Decr per Share (11.31¢) (2.24¢) (0.021¢) 21.28¢ 9.27¢
Net Asset Value per Share (exc. Intangibles) 23.93¢ 14.19¢ 11.38¢ 0.077¢ 1.33¢
Net Gearing 109.37% 114.54% 79.61% 86.37% 77.79%

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

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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