£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Annualisation Factor | 1.0 | n/a | 1.0 | 1.0 | 0.1 |
Dividend Yield | 5.4% | 4.0% | 3.4% | 4.8% | 4.8% |
Continuing Operations | |||||
PE Ratio - Adjusted | 18.4 | 5.3 | n/a | n/a | 27.1 |
PE Ratio - Diluted | n/a n/a |
5.3 5.3 |
n/a n/a |
n/a n/a |
27.1 24.9 |
PEG - Adjusted | n/a | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Return on Capital Employed | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Operating Margin | (142.69%) (142.69%) |
301.72% 301.72% |
(110.60%) (110.60%) |
(16.57%) (16.57%) |
75.21% 80.70% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 18.4 | 525.4 | n/a | n/a | 271.0 |
PE Ratio - Diluted | n/a n/a |
525.4 524.6 |
n/a n/a |
n/a n/a |
271.0 249.4 |
PEG - Adjusted | 0.0 | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Net Gearing | 30.60% | 16.76% | 29.10% | 26.99% | 26.66% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Price/Book Value | 0.8 | 0.8 | 0.7 | 0.9 | 0.9 |
Price/Tangible Book Value | 0.8 | 0.8 | 0.7 | 0.9 | 0.9 |
Price/ Cash Flow | 19.2 | 23.5 | 16.4 | 24.9 | 27.5 |
Price/Revenue | 10.87 | 1,465.66 | 9.80 | 14.35 | 153.55 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 115.33p | 129.32p | 117.55p | 130.94p | 139.79p |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Continuing Operations | |||||
Revenue | 58.68 | 0.56 | 65.27 | 64.38 | 6.49 |
EBITDA | (83.72) (83.72) |
1.70 1.70 |
(72.19) (72.19) |
(10.67) (10.67) |
4.88 5.23 |
Depreciation | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Net Interest | (10.31) (10.31) |
(0.11) (0.11) |
(11.16) (11.16) |
(10.87) (10.87) |
(1.09) (1.09) |
Profit Before Tax | (94.03) (94.03) |
1.59 1.59 |
(83.36) (83.36) |
(21.54) (21.54) |
3.79 4.14 |
Revenue per Share | 8.14p | 0.072p | 8.17p | 8.05p | 0.81p |
Pre-Tax Profit per Share | (13.04p) (13.04p) |
0.20p 0.20p |
(10.43p) (10.43p) |
(2.69p) (2.69p) |
0.47p 0.52p |
Market Capitalisation £ (Millions) | 620.87 | 790.76 | 639.49 | 924.07 | 996.01 |
Enterprise Value (EV) £ (Millions) | 929.12 | 1,099.40 | 947.80 | 1,232.32 | 1,304.03 |
EBITDA/EV | (9.01%) (9.01%) |
0.15% 0.15% |
(7.62%) (7.62%) |
(0.87%) (0.87%) |
0.37% 0.40% |
Operating Margin | (142.69%) (142.69%) |
301.72% 301.72% |
(110.60%) (110.60%) |
(16.57%) (16.57%) |
75.21% 80.70% |
Capital Employed £ (Millions) | 1,140.74 | 1,326.16 | 1,247.95 | 1,355.06 | 1,425.46 |
Return on Capital Employed | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Invested Equity Capital £ (Millions) | 831.47 | 1,017.52 | 939.64 | 1,046.69 | 1,117.45 |
Earnings per Share - Basic | (13.10p) (13.09p) |
19.80p 19.83p |
(10.50p) (10.54p) |
(2.80p) (2.81p) |
4.60p 5.00p |
Earnings per Share - Diluted | (13.10p) (13.09p) |
19.80p 19.83p |
(10.50p) (10.54p) |
(2.80p) (2.81p) |
4.60p 5.00p |
Earnings per Share - Adjusted | 4.80p | 19.80p | (10.50)p | (2.80)p | 4.60p |
Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | -76% | n/a | n/a | n/a | n/a |
PE Ratio - Diluted | n/a n/a |
5.3 5.3 |
n/a n/a |
n/a n/a |
27.1 24.9 |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | (0.37%) | 0.84% | (1.07%) | (4.34%) | 3.98% |
Dividend Cover | 1.00 (2.73) |
4.66 4.67 |
(3.82) (3.83) |
(0.51) (0.51) |
0.77 0.83 |
Interest Cover | (7.46) (7.46) |
15.12 15.12 |
(6.44) (6.44) |
(0.97) (0.97) |
4.47 4.80 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (13.10p) (13.09p) |
0.20p 0.20p |
(10.50p) (10.54p) |
(2.80p) (2.81p) |
0.46p 0.50p |
Earnings per Share - Diluted | (13.10p) (13.09p) |
0.20p 0.20p |
(10.50p) (10.54p) |
(2.80p) (2.81p) |
0.46p 0.50p |
Earnings per Share - Adjusted | 4.80p | 0.20p | (10.50p) | (2.80p) | 0.46p |
Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | 2,302% | n/a | n/a | n/a | n/a |
PE Ratio - Diluted | n/a n/a |
525.4 524.6 |
n/a n/a |
n/a n/a |
271.0 249.4 |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | 1.00 (2.73) |
0.05 0.05 |
(3.82) (3.83) |
(0.51) (0.51) |
0.08 0.08 |
Return on Equity (ROE) | (11.35%) (11.35%) |
0.15% 0.15% |
(8.97%) (8.97%) |
(2.15%) (2.15%) |
0.33% 0.36% |
Operating Cash Flow per Share | 4.61p | 4.46p | 4.86p | 4.65p | 4.53p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (11.55p) | 0.13p | 1.13p | 1.97p | (0.31p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 4.80p | 4.25p | 2.75p | 5.50p | 6.00p |
Dividend per Share Growth | 12.94% | 54.55% | (50.00%) | (8.33%) | n/a |
Dividend Yield | 5.4% | 4.0% | 3.4% | 4.8% | 4.8% |
Shareholders Funds | 831.47 | 1,017.52 | 939.64 | 1,046.69 | 1,117.45 |
Net Borrowings £ (Millions) | 254.44 | 170.56 | 273.41 | 282.47 | 297.89 |
Net Asset Value per Share (inc. Intangibles) | 115.33p | 129.32p | 117.55p | 130.94p | 139.79p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Shareholders' Funds inc Intangibles | 831.47 | 1,017.52 | 939.64 | 1,046.69 | 1,117.45 |
Net Borrowings £ (Millions) | 254.44 | 170.56 | 273.41 | 282.47 | 297.89 |
Net Gearing | 30.60% | 16.76% | 29.10% | 26.99% | 26.66% |
Cash & Near Cash | 54.84 | 138.08 | 34.90 | 25.89 | 10.13 |
Cash | 6.60% | 13.57% | 3.71% | 2.47% | 0.91% |
Gross Borrowings | 309.28 | 308.64 | 308.30 | 308.37 | 308.02 |
Gross Gearing | 37.20% | 30.33% | 32.81% | 29.46% | 27.56% |
Borrowings Under 5 years | 309.28 | 308.64 | 308.30 | 308.37 | 308.02 |
Under 5 years | 37.20% | 30.33% | 32.81% | 29.46% | 27.56% |
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-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Shareholders' Funds exc Intangibles | 831.47 | 1,017.52 | 939.64 | 1,046.69 | 1,117.45 |
Net Borrowings £ (Millions) | 254.44 | 170.56 | 273.41 | 282.47 | 297.89 |
Net Gearing | 30.60% | 16.76% | 29.10% | 26.99% | 26.66% |
Cash & Near Cash | 54.84 | 138.08 | 34.90 | 25.89 | 10.13 |
Cash | 6.60% | 13.57% | 3.71% | 2.47% | 0.91% |
Gross Borrowings | 309.28 | 308.64 | 308.30 | 308.37 | 308.02 |
Gross Gearing | 37.20% | 30.33% | 32.81% | 29.46% | 27.56% |
Borrowings Under 5 years | 309.28 | 308.64 | 308.30 | 308.37 | 308.02 |
Under 5 years | 37.20% | 30.33% | 32.81% | 29.46% | 27.56% |
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-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Quick Ratio | n/a | n/a | n/a | n/a | n/a |
Current Ratio | 0.97 | 7.90 | 2.06 | 2.26 | 2.33 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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