£ (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 | 1.0 |
Dividend Yield | 0.0% | 0.0% | 0.0% | 2.9% | 2.2% |
Continuing Operations | |||||
PE Ratio - Adjusted | 13.5 | n/a | n/a | n/a | 36.6 |
PE Ratio - Diluted | 13.9 13.9 |
n/a n/a |
n/a n/a |
n/a n/a |
37.8 8.4 |
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 | 27.29% 27.29% |
0.19% 0.19% |
n/a n/a |
n/a n/a |
8.90% 13.85% |
Operating Margin | 41.20% 41.20% |
40.98% 40.98% |
(72.95%) (72.95%) |
(82.41%) (82.41%) |
28.55% 44.44% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 13.5 | n/a | n/a | n/a | 36.6 |
PE Ratio - Diluted | 13.9 13.9 |
n/a n/a |
n/a n/a |
n/a n/a |
37.8 8.4 |
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 |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 | 31-Dec-18 |
Net Gearing | n/a | n/a | n/a | 282.93% | 105.05% |
£ (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 | n/a | n/a | n/a | n/a | n/a |
Price/Tangible Book Value | n/a | n/a | n/a | n/a | n/a |
Price/ Cash Flow | n/a | n/a | n/a | n/a | n/a |
Price/Revenue | n/a | n/a | n/a | n/a | n/a |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | (52.06p) | (57.86p) | (40.99p) | (55.68p) | 71.50p |
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 | 1,783.10 | 12.97 | 1,396.10 | 1,682.60 | 1,859.20 |
EBITDA | 1,160.50 1,160.50 |
9.14 9.14 |
(551.40) (551.40) |
(662.00) (662.00) |
1,114.90 1,410.40 |
Depreciation | (425.80) (425.80) |
(3.82) (3.82) |
(467.10) (467.10) |
(724.60) (724.60) |
(584.10) (584.10) |
Net Interest | (292.60) (292.60) |
(3.15) (3.15) |
(254.90) (254.90) |
(266.80) (266.80) |
(270.30) (270.30) |
Profit Before Tax | 442.10 442.10 |
2.17 2.17 |
(1,273.40) (1,273.40) |
(1,653.40) (1,653.40) |
260.50 556.00 |
Revenue per Share | 124.08p | 0.92p | 98.97p | 120.00p | 133.65p |
Pre-Tax Profit per Share | 30.76p 30.76p |
0.15p 0.15p |
(90.27p) (90.27p) |
(117.92p) (117.92p) |
18.73p 39.97p |
Market Capitalisation £ (Millions) | 531.50 | 665.20 | 418.28 | 901.05 | 2,495.65 |
Enterprise Value (EV) £ (Millions) | 2,421.00 | 2,509.70 | 2,662.48 | 3,000.45 | 3,765.35 |
EBITDA/EV | 47.93% 47.93% |
0.36% 0.36% |
(20.71%) (20.71%) |
(22.06%) (22.06%) |
29.61% 37.46% |
Operating Margin | 41.20% 41.20% |
40.98% 40.98% |
(72.95%) (72.95%) |
(82.41%) (82.41%) |
28.55% 44.44% |
Capital Employed £ (Millions) | 2,691.80 | 2,856.30 | 3,886.50 | 3,837.90 | 5,966.00 |
Return on Capital Employed | 27.29% 27.29% |
0.19% 0.19% |
n/a n/a |
n/a n/a |
8.90% 13.85% |
Invested Equity Capital £ (Millions) | 507.60 | 642.20 | 1,084.20 | 2,530.60 | 4,645.50 |
Earnings per Share - Basic | 3.40¢ 3.42¢ |
(0.058¢) (5.69¢) |
(86.60¢) (86.59¢) |
(120.80¢) (120.82¢) |
6.10¢ 27.34¢ |
Earnings per Share - Diluted | 3.30¢ 3.31¢ |
(0.058¢) (5.51¢) |
(86.60¢) (82.64¢) |
(120.80¢) (117.25¢) |
5.90¢ 26.43¢ |
Earnings per Share - Adjusted | 3.40¢ | (0.06)¢ | (86.60)¢ | (120.80)¢ | 6.10¢ |
Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a -32% |
Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a -32% |
Earnings per Share Growth - Adjusted | n/a | n/a | n/a | n/a | n/a |
PE Ratio - Diluted | 13.9 13.9 |
n/a n/a |
n/a n/a |
n/a n/a |
37.8 8.4 |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | 88.89% | 137.55% | 4.08% | (2.46%) | 67.22% |
Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
(51.40) (51.41) |
1.27 5.70 |
Interest Cover | 2.32 2.32 |
1.60 1.60 |
(3.05) (3.05) |
(4.13) (4.13) |
1.79 2.69 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 3.40¢ 3.42¢ |
n/a (0.057¢) |
(86.60¢) (86.59¢) |
(120.80¢) (120.82¢) |
6.10¢ 27.34¢ |
Earnings per Share - Diluted | 3.30¢ 3.31¢ |
n/a (0.056¢) |
(86.60¢) (82.64¢) |
(120.80¢) (117.25¢) |
5.90¢ 26.43¢ |
Earnings per Share - Adjusted | 3.40¢ | n/a | (86.60¢) | (120.80¢) | 6.10¢ |
Earnings per Share Growth - Basic | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a -32% |
Earnings per Share Growth - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a -32% |
Earnings per Share Growth - Adjusted | n/a | n/a | n/a | n/a | n/a |
PE Ratio - Diluted | 13.9 13.9 |
n/a n/a |
n/a n/a |
n/a n/a |
37.8 8.4 |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
(51.40) (51.41) |
1.27 5.70 |
Return on Equity (ROE) | 9.67% 9.67% |
(0.13%) (0.13%) |
(112.66%) (112.66%) |
(66.94%) (66.94%) |
1.83% 8.19% |
Operating Cash Flow per Share | 75.00p | 0.56p | 49.52p | 89.77p | 86.55p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 11.75p | (0.24p) | 36.24p | 8.08p | (7.60p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | n/a | n/a | n/a | 2.35¢ | 4.80¢ |
Dividend per Share Growth | n/a | n/a | n/a | (51.04%) | n/a |
Dividend Yield | 0.0% | 0.0% | 0.0% | 2.9% | 2.2% |
Shareholders Funds | (459.50) | (466.10) | (210.00) | 983.60 | 2,893.20 |
Net Borrowings £ (Millions) | 1,836.50 | 2,099.60 | 2,365.10 | 2,782.90 | 3,039.30 |
Net Asset Value per Share (inc. Intangibles) | (52.06p) | (57.86p) | (40.99p) | (55.68p) | 71.50p |
£ (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 | (459.50) | (466.10) | (210.00) | 983.60 | 2,893.20 |
Net Borrowings £ (Millions) | 1,836.50 | 2,099.60 | 2,365.10 | 2,782.90 | 3,039.30 |
Net Gearing | n/a | n/a | n/a | 282.93% | 105.05% |
Cash & Near Cash | 636.30 | 469.10 | 805.40 | 288.80 | 179.80 |
Cash | (138.48%) | (100.64%) | (383.52%) | 29.36% | 6.21% |
Gross Borrowings | 2,472.80 | 2,568.70 | 3,170.50 | 3,071.70 | 3,219.10 |
Gross Gearing | 538.15% | 551.10% | 1,509.76% | 312.29% | 111.26% |
Borrowings Under 5 years | 2,472.80 | 2,568.70 | 3,170.50 | 3,071.70 | 3,219.10 |
Under 5 years | (538.15%) | (551.10%) | (1,509.76%) | 312.29% | 111.26% |
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 | (748.10) | (820.70) | (578.20) | (780.80) | 994.60 |
Net Borrowings £ (Millions) | 1,836.50 | 2,099.60 | 2,365.10 | 2,782.90 | 3,039.30 |
Net Gearing | n/a | n/a | n/a | n/a | 305.58% |
Cash & Near Cash | 636.30 | 469.10 | 805.40 | 288.80 | 179.80 |
Cash | (85.06%) | (57.16%) | (139.29%) | (36.99%) | 18.08% |
Gross Borrowings | 2,472.80 | 2,568.70 | 3,170.50 | 3,071.70 | 3,219.10 |
Gross Gearing | 330.54% | 312.99% | 548.34% | 393.40% | 323.66% |
Borrowings Under 5 years | 2,472.80 | 2,568.70 | 3,170.50 | 3,071.70 | 3,219.10 |
Under 5 years | (330.54%) | (312.99%) | (548.34%) | (393.40%) | 323.66% |
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 | 0.94 | 0.96 | 0.41 | 0.88 | 1.54 |
Current Ratio | 1.08 | 1.06 | 0.43 | 1.01 | 1.63 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
You are here: research