Grainger (GRI)

Sector:

Real Estate

Index:

FTSE 250

250.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 274.80p
  • 52 Week Low: 217.60p
  • Currency: UK Pounds
  • Shares Issued: 741.56m
  • Volume: 1,724,786
  • Market Cap: £1,853.89m
  • RiskGrade: 114

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.2
Dividend Yield 2.8% 2.6% 1.7% 1.8% 2.1%
           
Continuing Operations          
PE Ratio - Adjusted 22.7 22.5 18.8 23.2 12.4
PE Ratio - Diluted 66.7
67.5		 7.4
7.1		 18.9
17.8		 23.4
17.7		 12.4
10.3
PEG - Adjusted 22.7 n/a 0.7 n/a 0.1
PEG - Diluted n/a
n/a		 0.1
0.1		 0.7
8.9		 n/a
n/a		 0.1
0.0
Return on Capital Employed 1.65%
1.65%		 9.59%
9.86%		 0.06%
0.06%		 4.71%
5.08%		 1.62%
1.70%
Operating Margin 22.31%
22.31%		 119.05%
122.46%		 75.05%
78.38%		 63.13%
68.04%		 72.71%
76.17%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.7 22.5 1,865.2 23.2 49.5
PE Ratio - Diluted 66.7
67.5		 7.4
7.1		 1,876.8
1,758.7		 23.4
17.7		 49.7
41.2
PEG - Adjusted 22.7 0.0 n/a 0.1 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
0.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Net Gearing 73.24% 64.15% 59.22% 70.88% 88.88%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Price/Book Value 0.9 0.9 1.2 1.3 1.2
Price/Tangible Book Value 0.9 0.9 1.2 1.3 1.2
Price/ Cash Flow 9.4 16.7 14.0 23.8 7.7
Price/Revenue 6.47 6.08 822.71 9.01 25.57
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 260.52p 265.54p 256.53p 222.19p 209.56p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Continuing Operations          
Revenue 267.10 279.20 2.51 214.00 55.66
EBITDA 60.70
60.70		 333.30
342.80		 1.90
1.98		 136.30
146.80		 40.85
42.77
Depreciation (1.10)
(1.10)		 (0.90)
(0.90)		 (0.01)
(0.01)		 (1.20)
(1.20)		 (0.37)
(0.37)
Net Interest (31.80)
(31.80)		 (33.30)
(33.30)		 (0.36)
(0.36)		 (34.50)
(34.50)		 (8.12)
(8.12)
Profit Before Tax 27.40
27.40		 298.60
308.10		 1.54
1.61		 99.10
109.60		 32.80
34.73
           
Revenue per Share 36.10p 37.70p 0.37p 32.97p 9.62p
Pre-Tax Profit per Share 3.70p
3.70p		 40.32p
41.61p		 0.23p
0.24p		 15.27p
16.89p		 5.67p
6.00p
Market Capitalisation £ (Millions) 1,735.75 1,704.26 2,265.47 2,006.95 1,509.92
Enterprise Value (EV) £ (Millions) 3,223.95 2,988.86 3,596.97 3,392.45 2,786.72
EBITDA/EV 1.88%
1.88%		 11.15%
11.47%		 0.05%
0.06%		 4.02%
4.33%		 1.47%
1.53%
Operating Margin 22.31%
22.31%		 119.05%
122.46%		 75.05%
78.38%		 63.13%
68.04%		 72.71%
76.17%
Capital Employed £ (Millions) 3,584.50 3,461.90 3,156.60 2,834.40 2,523.00
Return on Capital Employed 1.65%
1.65%		 9.59%
9.86%		 0.06%
0.06%		 4.71%
5.08%		 1.62%
1.70%
Invested Equity Capital £ (Millions) 2,052.00 2,104.80 1,809.60 1,480.30 1,257.40
           
Earnings per Share - Basic 3.50p
3.46p		 31.00p
32.26p		 16.20p
17.25p		 12.80p
16.89p		 19.90p
24.03p
Earnings per Share - Diluted 3.50p
3.46p		 30.90p
32.15p		 16.10p
17.18p		 12.70p
16.82p		 19.80p
23.92p
Earnings per Share - Adjusted 10.30p 10.20p 16.20p 12.80p 19.90p
Earnings per Share Growth - Basic -89%
-89%		 91%
87%		 27%
2%		 -36%
-30%		 105%
1,052%
Earnings per Share Growth - Diluted -89%
-89%		 92%
87%		 27%
2%		 -36%
-30%		 106%
1,055%
Earnings per Share Growth - Adjusted 1% -37% 27% -36% 105%
PE Ratio - Diluted 66.7
67.5		 7.4
7.1		 18.9
17.8		 23.4
17.7		 12.4
10.3
PEG - Diluted n/a
n/a		 0.1
0.1		 0.7
8.9		 n/a
n/a		 0.1
0.0
Tax Rate 6.47% 23.14% 28.17% 16.20% 12.90%
Dividend Cover 1.55
0.52		 1.71
5.40		 3.15
3.35		 2.34
3.09		 3.83
4.63
Interest Cover 1.81
1.81		 9.63
9.90		 5.30
5.51		 3.84
4.14		 5.00
5.24
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 3.50p
3.46p		 31.00p
32.26p		 0.16p
0.17p		 12.80p
16.85p		 4.97p
6.00p
Earnings per Share - Diluted 3.50p
3.46p		 30.90p
32.15p		 0.16p
0.17p		 12.70p
16.79p		 4.95p
5.97p
Earnings per Share - Adjusted 10.30p 10.20p 0.16p 12.80p 4.97p
Earnings per Share Growth - Basic -89%
-89%		 18,858%
18,429%		 -99%
-99%		 158%
181%		 -47%
239%
Earnings per Share Growth - Diluted -89%
-89%		 18,914%
18,438%		 -99%
-99%		 157%
181%		 -47%
240%
Earnings per Share Growth - Adjusted 1% 6,138% -99% 158% -47%
PE Ratio - Diluted 66.7
67.5		 7.4
7.1		 1,876.8
1,758.7		 23.4
17.7		 49.7
41.2
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
0.2
Dividend Cover 1.55
0.52		 1.71
5.40		 0.03
0.03		 2.34
3.08		 0.96
1.16
Return on Equity (ROE) 1.25%
1.25%		 10.90%
11.35%		 0.06%
0.07%		 5.59%
7.39%		 2.28%
2.76%
Operating Cash Flow per Share 24.96p 13.77p 21.84p 12.49p 31.82p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.39p (29.94p) (0.077p) 27.70p 3.46p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 6.65p 5.97p 5.15p 5.47p 5.19p
Dividend per Share Growth 11.39% 15.92% (5.85%) 5.39% 108.38%
Dividend Yield 2.8% 2.6% 1.7% 1.8% 2.1%
Shareholders Funds 1,928.60 1,966.80 1,739.00 1,443.00 1,223.50
Net Borrowings £ (Millions) 1,412.50 1,261.70 1,029.90 1,022.80 1,087.50
Net Asset Value per Share (inc. Intangibles) 260.52p 265.54p 256.53p 222.19p 209.56p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Shareholders' Funds inc Intangibles 1,928.60 1,966.80 1,739.00 1,443.00 1,223.50
Net Borrowings £ (Millions) 1,412.50 1,261.70 1,029.90 1,022.80 1,087.50
Net Gearing 73.24% 64.15% 59.22% 70.88% 88.88%
Cash & Near Cash 121.00 95.90 317.60 369.10 189.30
Cash 6.27% 4.88% 18.26% 25.58% 15.47%
Gross Borrowings 1,533.50 1,357.60 1,347.50 1,391.90 1,276.80
Gross Gearing 79.51% 69.03% 77.49% 96.46% 104.36%
Borrowings Under 5 years 1,533.50 1,357.60 1,347.50 1,391.90 1,276.80
Under 5 years 79.51% 69.03% 77.49% 96.46% 104.36%
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 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Shareholders' Funds exc Intangibles 1,927.60 1,966.30 1,738.50 1,442.20 1,212.30
Net Borrowings £ (Millions) 1,412.50 1,261.70 1,029.90 1,022.80 1,087.50
Net Gearing 73.28% 64.17% 59.24% 70.92% 89.71%
Cash & Near Cash 121.00 95.90 317.60 369.10 189.30
Cash 6.28% 4.88% 18.27% 25.59% 15.61%
Gross Borrowings 1,533.50 1,357.60 1,347.50 1,391.90 1,276.80
Gross Gearing 79.55% 69.04% 77.51% 96.51% 105.32%
Borrowings Under 5 years 1,533.50 1,357.60 1,347.50 1,391.90 1,276.80
Under 5 years 79.55% 69.04% 77.51% 96.51% 105.32%
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 30-Sep-23 30-Sep-22 30-Sep-21 30-Sep-20 30-Sep-19
Quick Ratio 1.54 1.36 3.25 4.32 1.18
Current Ratio 4.56 4.29 8.45 11.30 4.76

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.

 

Top of Page