Xaar (XAR)

Sector:

Engineering

Index:

FTSE Small Cap

115.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 190.00
  • 52 Week Low: 91.20
  • Currency: UK Pounds
  • Shares Issued: 79.28m
  • Volume: 53,808
  • Market Cap: £91.18m
  • RiskGrade: 326

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10 31-Dec-09
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 0.7% 1.4% 1.2% 1.0% 3.1%
           
Continuing Operations          
PE Ratio - Adjusted 24.9 13.5 21.7 36.8 24.4
PE Ratio - Diluted 26.9
25.7		 16.5
14.6		 23.3
25.0		 39.3
43.1		 805.0
17.8
PEG - Adjusted 0.2 0.2 0.3 0.4 n/a
PEG - Diluted 0.2
0.2		 0.3
0.1		 0.3
0.3		 0.0
1.9		 n/a
n/a
Return on Capital Employed 37.36%
38.19%		 22.04%
24.83%		 15.79%
16.40%		 10.74%
9.45%		 n/a
9.62%
Operating Margin 28.95%
29.59%		 18.02%
20.30%		 13.24%
13.74%		 10.02%
8.82%		 (1.79%)
7.38%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 24.9 13.5 21.7 36.8 24.4
PE Ratio - Diluted 26.9
25.7		 16.5
14.6		 23.3
25.0		 39.3
43.1		 805.0
17.8
PEG - Adjusted 0.2 0.2 0.3 0.4 n/a
PEG - Diluted 0.2
0.2		 0.3
0.1		 0.3
0.3		 0.0
1.9		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10 31-Dec-09
Net Gearing n/a (33.14%) (28.36%) (40.92%) (30.39%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10 31-Dec-09
Price/Book Value 7.8 2.9 3.1 3.1 1.6
Price/Tangible Book Value 7.8 2.9 3.1 3.1 1.6
Price/ Cash Flow 18.3 10.1 13.4 27.3 7.1
Price/Revenue 6.02 2.34 2.50 2.76 1.20
Price/R&D 50.3 25.1 26.5 n/a n/a
Net Asset Value per Share (exc. Intangibles) 143.83p 96.16p 79.35p 78.09p 49.57p
Net Cash per Share 22.25p 11.13p 9.17p n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10 31-Dec-09
Continuing Operations          
Revenue 137.13 86.30 68.71 54.68 41.50
EBITDA 48.00
48.88		 22.93
24.91		 15.07
15.42		 10.29
9.63		 4.02
7.83
Depreciation (8.30)
(8.30)		 (7.39)
(7.39)		 (5.97)
(5.97)		 (4.80)
(4.80)		 (4.76)
(4.76)
Net Interest 0.39
0.39		 0.15
0.15		 0.03
0.03		 (0.05)
(0.05)		 0.08
0.08
Profit Before Tax 40.09
40.97		 15.70
17.67		 9.13
9.47		 5.43
4.77		 (0.66)
3.14
           
Revenue per Share 186.18p 119.61p 96.94p 86.78p 67.15p
Pre-Tax Profit per Share 54.43p
55.62p		 21.76p
24.49p		 12.88p
13.36p		 8.62p
7.57p		 (1.07p)
5.09p
Market Capitalisation £ (Millions) 833.96 204.74 172.40 173.32 51.12
Enterprise Value (EV) £ (Millions) 811.52 200.97 172.81 174.65 51.52
EBITDA/EV 5.91%
6.02%		 11.41%
12.39%		 8.72%
8.92%		 5.89%
5.51%		 7.81%
15.19%
Operating Margin 28.95%
29.59%		 18.02%
20.30%		 13.24%
13.74%		 10.02%
8.82%		 (1.79%)
7.38%
Capital Employed £ (Millions) 106.26 70.55 57.60 51.04 31.84
Return on Capital Employed 37.36%
38.19%		 22.04%
24.83%		 15.79%
16.40%		 10.74%
9.45%		 n/a
9.62%
Invested Equity Capital £ (Millions) 110.37 74.41 61.85 54.97 37.23
           
Earnings per Share - Basic 43.30p
45.27p		 17.50p
19.85p		 10.80p
10.11p		 6.30p
5.77p		 0.100p
4.53p
Earnings per Share - Diluted 41.60p
43.50p		 16.90p
19.21p		 10.40p
9.70p		 6.10p
5.56p		 0.100p
4.52p
Earnings per Share - Adjusted 44.90p 20.70p 11.20p 6.50p 3.30p
Earnings per Share Growth - Basic 147%
128%		 62%
96%		 71%
75%		 6,200%
27%		 -98%
-29%
Earnings per Share Growth - Diluted 146%
126%		 62%
98%		 70%
74%		 6,000%
23%		 -98%
-28%
Earnings per Share Growth - Adjusted 117% 85% 72% 97% -13%
PE Ratio - Diluted 26.9
25.7		 16.5
14.6		 23.3
25.0		 39.3
43.1		 805.0
17.8
PEG - Diluted 0.2
0.2		 0.3
0.1		 0.3
0.3		 0.0
1.9		 n/a
n/a
Tax Rate 20.52% 19.57% 15.89% 26.55% 108.79%
Dividend Cover 5.61
5.66		 5.18
4.96		 3.73
3.37		 2.60
2.31		 1.32
1.81
Interest Cover 729.85
745.87		 476.79
536.55		 148.19
153.77		 60.03
52.86		 (17.33)
88.33
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 43.30p
45.27p		 17.50p
19.85p		 10.80p
10.11p		 6.30p
5.77p		 0.100p
4.53p
Earnings per Share - Diluted 41.60p
43.50p		 16.90p
19.21p		 10.40p
9.70p		 6.10p
5.56p		 0.100p
4.52p
Earnings per Share - Adjusted 44.90p 20.70p 11.20p 6.50p 3.30p
Earnings per Share Growth - Basic 147%
128%		 62%
96%		 71%
75%		 6,200%
27%		 -98%
-29%
Earnings per Share Growth - Diluted 146%
126%		 62%
98%		 70%
74%		 6,000%
23%		 -98%
-28%
Earnings per Share Growth - Adjusted 117% 85% 72% 97% -13%
PE Ratio - Diluted 26.9
25.7		 16.5
14.6		 23.3
25.0		 39.3
43.1		 805.0
17.8
PEG - Diluted 0.2
0.2		 0.3
0.1		 0.3
0.3		 0.0
1.9		 n/a
n/a
Dividend Cover 5.61
5.66		 5.18
4.96		 3.73
3.37		 2.60
2.31		 1.32
1.81
Return on Equity (ROE) 28.87%
30.21%		 16.97%
19.25%		 12.41%
11.59%		 7.26%
6.61%		 0.16%
7.52%
Operating Cash Flow per Share 61.22p 27.57p 18.04p 8.77p 11.29p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 8.17p 10.12p (6.94p) 18.81p (0.084p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 8.00p 4.00p 3.00p 2.50p 2.50p
Dividend per Share Growth 100.00% 33.33% 20.00% n/a n/a
Dividend Yield 0.7% 1.4% 1.2% 1.0% 3.1%
Shareholders Funds 110.04 74.12 61.37 54.28 36.46
Net Borrowings £ (Millions) (31.14) (24.56) (17.40) (21.63) (11.08)
Net Asset Value per Share (inc. Intangibles) 143.83p 96.16p 79.35p 78.09p 49.57p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10 31-Dec-09
Shareholders' Funds inc Intangibles 110.04 74.12 61.37 54.28 36.46
Net Borrowings £ (Millions) (31.14) (24.56) (17.40) (21.63) (11.08)
Net Gearing n/a (33.14%) (28.36%) (40.92%) (30.39%)
Cash & Near Cash 31.49 25.45 18.27 23.34 11.52
Cash 28.61% 34.33% 29.78% 43.01% 31.60%
Gross Borrowings 0.35 0.88 0.87 1.71 0.44
Gross Gearing n/a 1.19% 1.42% 2.09% 1.21%
Borrowings Under 5 years 0.35 0.88 0.87 1.71 0.44
Under 5 years 0.32% 1.19% 1.42% 3.16% 1.21%
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-13 31-Dec-12 31-Dec-11 31-Dec-10 31-Dec-09
Shareholders' Funds exc Intangibles 105.93 69.38 56.24 49.21 30.64
Net Borrowings £ (Millions) (31.14) (24.56) (17.40) (21.63) (11.08)
Net Gearing n/a (35.40%) (30.94%) (45.13%) (36.17%)
Cash & Near Cash 31.49 25.45 18.27 23.34 11.52
Cash 29.72% 36.67% 32.49% 47.44% 37.61%
Gross Borrowings 0.35 0.88 0.87 1.71 0.44
Gross Gearing n/a 1.27% 1.55% 2.31% 1.44%
Borrowings Under 5 years 0.35 0.88 0.87 1.71 0.44
Under 5 years 0.33% 1.27% 1.55% 3.48% 1.44%
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-13 31-Dec-12 31-Dec-11 31-Dec-10 31-Dec-09
Quick Ratio 3.14 3.15 2.36 2.70 2.09
Current Ratio 3.83 4.12 3.35 3.57 2.91

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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