Computacenter (CCC)

Sector:

IT Services

Index:

FTSE 250

2,616.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 2,944.00
  • 52 Week Low: 2,026.00
  • Currency: UK Pounds
  • Shares Issued: 122.69m
  • Volume: 246,431
  • Market Cap: £3,209.52m
  • RiskGrade: 119

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.5% 3.6% 2.3% 2.1% 0.6%
           
Continuing Operations          
PE Ratio - Adjusted 15.8 11.1 17.3 18.0 19.6
PE Ratio - Diluted 16.1
15.6		 12.0
11.3		 18.1
18.1		 18.3
20.0		 19.9
19.9
PEG - Adjusted 7.9 3.7 0.7 0.4 0.8
PEG - Diluted 1.8
2.6		 n/a
1.9		 0.9
0.6		 0.4
0.5		 0.7
0.9
Return on Capital Employed 34.69%
35.72%		 36.38%
38.18%		 0.37%
0.37%		 32.88%
30.90%		 27.23%
27.23%
Operating Margin 3.88%
4.00%		 3.96%
4.16%		 5.07%
5.07%		 3.91%
3.67%		 2.91%
2.91%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 15.8 11.1 1,709.9 18.0 19.6
PE Ratio - Diluted 16.1
15.6		 12.0
11.3		 1,791.7
1,792.3		 18.3
20.0		 19.9
19.9
PEG - Adjusted 7.9 0.0 n/a 0.4 0.8
PEG - Diluted 1.8
2.6		 0.0
0.0		 n/a
n/a		 0.4
0.5		 0.7
0.9

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing (36.49%) (13.54%) (12.87%) (8.14%) (4.13%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 5.0 4.1 7.0 7.8 6.3
Price/Tangible Book Value 5.1 4.1 7.0 7.8 6.3
Price/ Cash Flow 7.7 8.9 14.7 11.7 10.1
Price/Revenue 0.46 0.33 64.71 0.51 0.39
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 555.36p 469.77p 416.90p 315.50p 281.58p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 6,922.80 6,470.50 50.82 5,441.30 5,053.00
EBITDA 349.50
346.70		 347.30
360.00		 3.49
3.49		 296.30
283.50		 147.02
147.02
Depreciation (80.70)
(69.90)		 (90.90)
(90.90)		 (0.92)
(0.92)		 (83.80)
(83.80)		 n/a
n/a
Net Interest 3.30
6.50		 (7.40)
(5.40)		 (0.07)
(0.07)		 (5.90)
(5.90)		 (6.07)
(6.07)
Profit Before Tax 272.10
283.30		 249.00
263.70		 2.50
2.50		 206.60
193.80		 140.96
140.96
           
Revenue per Share 6,131.80p 5,736.26p 44.97p 4,819.57p 4,491.00p
Pre-Tax Profit per Share 241.01p
250.93p		 220.75p
233.78p		 2.21p
2.21p		 182.99p
171.66p		 125.28p
125.28p
Market Capitalisation £ (Millions) 3,425.45 2,344.57 3,570.22 2,794.17 2,175.26
Enterprise Value (EV) £ (Millions) 3,550.55 2,484.27 3,608.42 2,813.07 2,179.00
EBITDA/EV 9.84%
9.76%		 13.98%
14.49%		 0.10%
0.10%		 10.53%
10.08%		 6.75%
6.75%
Operating Margin 3.88%
4.00%		 3.96%
4.16%		 5.07%
5.07%		 3.91%
3.67%		 2.91%
2.91%
Capital Employed £ (Millions) 774.90 704.80 696.50 646.30 540.03
Return on Capital Employed 34.69%
35.72%		 36.38%
38.18%		 0.37%
0.37%		 32.88%
30.90%		 27.23%
27.23%
Invested Equity Capital £ (Millions) 962.00 893.40 776.00 659.20 518.24
           
Earnings per Share - Basic 175.00p
181.40p		 162.10p
172.87p		 164.00p
163.98p		 136.20p
124.27p		 90.30p
90.35p
Earnings per Share - Diluted 173.20p
179.49p		 159.10p
169.71p		 160.90p
160.85p		 133.80p
122.11p		 89.00p
89.04p
Earnings per Share - Adjusted 176.70p 172.90p 168.60p 136.20p 90.30p
Earnings per Share Growth - Basic 8%
5%		 -1%
5%		 20%
32%		 51%
38%		 26%
22%
Earnings per Share Growth - Diluted 9%
6%		 -1%
6%		 20%
32%		 50%
37%		 27%
22%
Earnings per Share Growth - Adjusted 2% 3% 24% 51% 26%
PE Ratio - Diluted 16.1
15.6		 12.0
11.3		 18.1
18.1		 18.3
20.0		 19.9
19.9
PEG - Diluted 1.8
2.6		 n/a
1.9		 0.9
0.6		 0.4
0.5		 0.7
0.9
Tax Rate 26.72% 26.02% 24.80% 25.36% 27.95%
Dividend Cover 2.52
2.59		 2.55
2.55		 2.54
2.47		 2.69
2.45		 8.94
8.95
Interest Cover 26.91
39.81		 26.41
34.81		 34.07
34.07		 33.28
31.28		 21.01
21.01
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 175.00p
181.40p		 162.10p
172.87p		 1.66p
1.66p		 136.20p
124.27p		 90.30p
90.35p
Earnings per Share - Diluted 173.20p
179.49p		 159.10p
169.71p		 1.62p
1.62p		 133.80p
122.11p		 89.00p
89.04p
Earnings per Share - Adjusted 176.70p 172.90p 1.70p 136.20p 90.30p
Earnings per Share Growth - Basic 8%
5%		 9,692%
10,344%		 -99%
-99%		 51%
38%		 26%
22%
Earnings per Share Growth - Diluted 9%
6%		 9,696%
10,353%		 -99%
-99%		 50%
37%		 27%
22%
Earnings per Share Growth - Adjusted 2% 10,060% -99% 51% 26%
PE Ratio - Diluted 16.1
15.6		 12.0
11.3		 1,791.7
1,792.3		 18.3
20.0		 19.9
19.9
PEG - Diluted 1.8
2.6		 0.0
0.0		 n/a
n/a		 0.4
0.5		 0.7
0.9
Dividend Cover 2.52
2.59		 2.55
2.55		 0.03
0.02		 2.69
2.45		 8.94
8.95
Return on Equity (ROE) 20.54%
21.29%		 20.46%
21.83%		 0.24%
0.24%		 23.33%
21.28%		 19.62%
19.62%
Operating Cash Flow per Share 363.69p 214.63p 198.50p 209.83p 176.23p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 183.88p (1.42p) (0.26p) 75.20p 21.68p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 70.00p 67.90p 66.30p 50.70p 10.10p
Dividend per Share Growth 3.09% 2.41% 30.77% 401.98% (66.67%)
Dividend Yield 2.5% 3.6% 2.3% 2.1% 0.6%
Shareholders Funds 941.70 865.70 740.50 627.80 492.56
Net Borrowings £ (Millions) (343.60) (117.20) (95.30) (51.10) (20.34)
Net Asset Value per Share (inc. Intangibles) 548.54p 464.18p 413.10p 312.75p 281.65p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 941.70 865.70 740.50 627.80 492.56
Net Borrowings £ (Millions) (343.60) (117.20) (95.30) (51.10) (20.34)
Net Gearing (36.49%) (13.54%) (12.87%) (8.14%) (4.13%)
Cash & Near Cash 471.20 264.40 285.20 309.80 217.88
Cash 50.04% 30.54% 38.51% 49.35% 44.23%
Gross Borrowings 127.60 147.20 189.90 258.70 197.54
Gross Gearing 13.55% 17.00% 25.64% 41.21% 40.10%
Borrowings Under 5 years 127.60 147.20 189.90 258.70 197.54
Under 5 years 13.55% 17.00% 25.64% 41.21% 40.10%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 619.30 523.60 466.80 353.10 316.89
Net Borrowings £ (Millions) (343.60) (117.20) (95.30) (51.10) (20.34)
Net Gearing (55.48%) (22.38%) (20.42%) (14.47%) (6.42%)
Cash & Near Cash 471.20 264.40 285.20 309.80 217.88
Cash 76.09% 50.50% 61.10% 87.74% 68.76%
Gross Borrowings 127.60 147.20 189.90 258.70 197.54
Gross Gearing 20.60% 28.11% 40.68% 73.27% 62.34%
Borrowings Under 5 years 127.60 147.20 189.90 258.70 197.54
Under 5 years 20.60% 28.11% 40.68% 73.27% 62.34%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 1.15 1.01 1.02 1.04 1.11
Current Ratio 1.26 1.20 1.21 1.17 1.21

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

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: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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