Redde Northgate (REDD)

Sector:

Commercial Transport

Index:

FTSE 250

428.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 430.84
  • 52 Week Low: 311.50
  • Currency: UK Pounds
  • Shares Issued: 226.65m
  • Volume: 109,383
  • Market Cap: £970.07m
  • RiskGrade: 169

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-15
Annualisation Factor 1.0 1.0 n/a 0.2 1.0
Dividend Yield 6.4% 5.3% 4.2% 7.3% 2.2%
           
Continuing Operations          
PE Ratio - Adjusted 6.8 7.8 11.7 5.8 12.6
PE Ratio - Diluted 6.4
8.2		 9.8
9.5		 13.9
12.9		 44.9
6.2		 13.1
12.5
PEG - Adjusted 0.8 0.1 11.7 n/a 0.3
PEG - Diluted 0.1
0.9		 0.2
0.2		 0.0
n/a		 n/a
n/a		 0.2
0.3
Return on Capital Employed 13.30%
11.12%		 11.37%
11.05%		 0.07%
0.08%		 0.47%
1.14%		 12.43%
12.83%
Operating Margin 13.56%
11.35%		 12.00%
11.79%		 7.55%
8.14%		 3.83%
9.19%		 15.59%
16.09%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.8 7.8 1,163.3 29.2 12.6
PE Ratio - Diluted 6.4
8.2		 9.8
9.5		 1,376.4
1,274.1		 224.7
30.8		 13.1
12.5
PEG - Adjusted 0.8 0.0 n/a n/a 0.3
PEG - Diluted 0.1
0.9		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.2
0.3

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-15
Net Gearing 69.82% 61.53% 58.40% 66.07% 79.22%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-15
Price/Book Value 1.2 1.4 1.4 0.5 2.1
Price/Tangible Book Value 1.2 1.4 1.4 0.5 2.1
Price/ Cash Flow 10.3 7.7 6.5 8.2 100.7
Price/Revenue 0.58 0.79 79.98 1.78 1.40
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 326.24p 276.64p 253.07p 368.75p 314.06p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-15
Continuing Operations          
Revenue 1,489.75 1,243.56 11.20 155.70 614.26
EBITDA 398.50
365.50		 367.22
364.52		 2.91
2.98		 48.33
56.68		 263.49
266.54
Depreciation (196.47)
(196.47)		 (217.93)
(217.93)		 (2.07)
(2.07)		 (42.37)
(42.37)		 (167.73)
(167.73)
Net Interest (23.30)
(23.30)		 (16.60)
(15.10)		 (0.17)
(0.17)		 (3.27)
(3.16)		 (12.80)
(12.80)
Profit Before Tax 178.73
145.73		 132.69
131.49		 0.68
0.74		 2.69
11.15		 82.96
86.01
           
Revenue per Share 645.53p 505.52p 4.55p 100.77p 461.04p
Pre-Tax Profit per Share 77.44p
63.15p		 53.94p
53.45p		 0.28p
0.30p		 1.74p
7.22p		 62.27p
64.56p
Market Capitalisation £ (Millions) 925.30 976.98 895.77 239.29 846.80
Enterprise Value (EV) £ (Millions) 1,618.91 1,576.66 1,437.28 882.99 1,194.26
EBITDA/EV 24.62%
22.58%		 23.29%
23.12%		 0.20%
0.21%		 5.47%
6.42%		 22.06%
22.32%
Operating Margin 13.56%
11.35%		 12.00%
11.79%		 7.55%
8.14%		 3.83%
9.19%		 15.59%
16.09%
Capital Employed £ (Millions) 1,519.37 1,326.01 1,195.78 1,251.98 770.41
Return on Capital Employed 13.30%
11.12%		 11.37%
11.05%		 0.07%
0.08%		 0.47%
1.14%		 12.43%
12.83%
Invested Equity Capital £ (Millions) 1,052.51 985.14 939.60 910.09 430.88
           
Earnings per Share - Basic 60.30p
46.86p		 41.30p
42.78p		 26.60p
28.77p		 5.00p
29.36p		 50.10p
52.43p
Earnings per Share - Diluted 58.70p
45.62p		 40.40p
41.89p		 26.20p
28.30p		 4.00p
29.16p		 49.20p
51.41p
Earnings per Share - Adjusted 55.60p 50.80p 31.00p 30.80p 51.00p
Earnings per Share Growth - Basic 46%
10%		 55%
49%		 432%
-2%		 -90%
-44%		 68%
49%
Earnings per Share Growth - Diluted 45%
9%		 54%
48%		 555%
-3%		 -92%
-43%		 68%
49%
Earnings per Share Growth - Adjusted 9% 64% 1% -40% 45%
PE Ratio - Diluted 6.4
8.2		 9.8
9.5		 13.9
12.9		 44.9
6.2		 13.1
12.5
PEG - Diluted 0.1
0.9		 0.2
0.2		 0.0
n/a		 n/a
n/a		 0.2
0.3
Tax Rate 22.09% 23.47% 2.40% 43.05% 19.48%
Dividend Cover 2.32
1.95		 2.42
2.04		 2.01
1.87		 2.35
2.24		 3.52
3.62
Interest Cover 8.64
7.23		 8.99
9.71		 5.01
5.40		 1.82
4.50		 7.48
7.72
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 60.30p
46.86p		 41.30p
42.78p		 0.27p
0.29p		 1.00p
5.87p		 50.10p
52.43p
Earnings per Share - Diluted 58.70p
45.62p		 40.40p
41.89p		 0.26p
0.29p		 0.80p
5.83p		 49.20p
51.41p
Earnings per Share - Adjusted 55.60p 50.80p 0.31p 6.15p 51.00p
Earnings per Share Growth - Basic 46%
10%		 15,282%
14,631%		 -73%
-95%		 -98%
-89%		 68%
49%
Earnings per Share Growth - Diluted 45%
9%		 15,176%
14,562%		 -67%
-95%		 -98%
-89%		 68%
49%
Earnings per Share Growth - Adjusted 9% 16,134% -95% -88% 45%
PE Ratio - Diluted 6.4
8.2		 9.8
9.5		 1,376.4
1,274.1		 224.7
30.8		 13.1
12.5
PEG - Diluted 0.1
0.9		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.2
0.3
Dividend Cover 2.32
1.95		 2.42
2.04		 0.02
0.02		 0.47
0.45		 3.52
3.62
Return on Equity (ROE) 13.23%
10.27%		 10.31%
10.68%		 0.07%
0.08%		 0.17%
1.00%		 15.50%
16.21%
Operating Cash Flow per Share 36.54p 51.89p 56.03p 21.81p 6.40p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (1.68p) 3.58p (0.040p) 2.17p (6.04p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 24.00p 21.00p 15.40p 13.10p 14.50p
Dividend per Share Growth 14.29% 36.36% 17.56% (9.66%) 45.00%
Dividend Yield 6.4% 5.3% 4.2% 7.3% 2.2%
Shareholders Funds 994.59 946.76 908.13 871.57 426.36
Net Borrowings £ (Millions) 694.43 582.55 530.34 575.87 337.78
Net Asset Value per Share (inc. Intangibles) 326.24p 276.64p 253.07p 368.75p 314.06p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-15
Shareholders' Funds inc Intangibles 994.59 946.76 908.13 871.57 426.36
Net Borrowings £ (Millions) 694.43 582.55 530.34 575.87 337.78
Net Gearing 69.82% 61.53% 58.40% 66.07% 79.22%
Cash & Near Cash 14.12 24.56 11.17 67.84 9.68
Cash 1.42% 2.59% 1.23% 7.78% 2.27%
Gross Borrowings 708.56 607.11 541.51 643.71 347.46
Gross Gearing 71.24% 64.12% 59.63% 73.86% 81.49%
Borrowings Under 5 years 708.56 607.11 541.51 643.71 347.46
Under 5 years 71.24% 64.12% 59.63% 73.86% 81.49%
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-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-15
Shareholders' Funds exc Intangibles 752.89 680.52 622.80 569.75 418.43
Net Borrowings £ (Millions) 694.43 582.55 530.34 575.87 337.78
Net Gearing 92.24% 85.60% 85.16% 101.07% 80.73%
Cash & Near Cash 14.12 24.56 11.17 67.84 9.68
Cash 1.88% 3.61% 1.79% 11.91% 2.31%
Gross Borrowings 708.56 607.11 541.51 643.71 347.46
Gross Gearing 94.11% 89.21% 86.95% 112.98% 83.04%
Borrowings Under 5 years 708.56 607.11 541.51 643.71 347.46
Under 5 years 94.11% 89.21% 86.95% 112.98% 83.04%
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-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-15
Quick Ratio 1.15 1.21 1.14 1.11 0.97
Current Ratio 1.28 1.27 1.22 1.26 1.22

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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