Melrose Industries (MRO)

Sector:

Manufacturing

Index:

FTSE 100

625.80p
   
  • Change Today:
    -9.20p
  • 52 Week High: 644.40p
  • 52 Week Low: 403.80p
  • Currency: UK Pounds
  • Shares Issued: 1,324.53m
  • Volume: 2,701,383
  • Market Cap: £8,289m
  • RiskGrade: 135

Dividend Data

  31-Dec-2231-Dec-2131-Dec-2031-Dec-1931-Dec-18
Total Dividend2.33p1.75p0.75p1.70p4.60p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 7,537.00 6,650.00 7,132.00 10,967.00 8,152.00
Operating Profit/(Loss) (236.00) (493.00) (519.00) 280.00 (421.00)
Net Interest (71.00) (167.00) (192.00) (212.00) (155.00)
Profit Before Tax (307.00) (660.00) (679.00) 106.00 (542.00)
Profit After Tax (223.00) (480.00) (565.00) 55.00 (467.00)
Discontinued Operations          
Profit After Tax (80.00) 1,317.00 32.00 (106.00) (8.00)
PROFIT FOR THE PERIOD (303.00) 837.00 (533.00) (51.00) (475.00)
Attributable to:          
Equity Holders of Parent Company (308.00) 833.00 (536.00) (60.00) (475.00)
Minority Interests 5.00 4.00 3.00 9.00 n/a
           
Continuing EPS          
Earnings per Share - Basic (5.40p) (10.30p) (11.70p) 0.90p (11.80p)
Earnings per Share - Diluted (5.40p) (10.30p) (11.70p) 0.90p (11.80p)
Earnings per Share - Adjusted 7.00p 3.10p (0.60p) 14.30p 12.70p
Continuing and Discontinued EPS          
Earnings per Share - Basic (7.30p) 17.70p (11.00p) (1.20p) (11.80p)
Earnings per Share - Diluted (7.30p) 17.70p (11.00p) (1.20p) (11.80p)
Earnings per Share - Adjusted 7.00p 3.10p (0.60p) 14.30p 12.70p
           
Dividend per Share 2.33p 1.75p 0.75p 1.70p 4.60p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Assets          
Non-Current Assets          
Property, Plant & Equipment 2,599.00 2,528.00 3,133.00 3,432.00 3,171.00
Intangible Assets 6,846.00 7,390.00 9,198.00 9,784.00 11,098.00
Investment Properties n/a n/a n/a n/a n/a
Investments 497.00 516.00 464.00 484.00 492.00
Other Financial Assets 36.00 47.00 101.00 38.00 26.00
Other Non-Current Assets 1,136.00 957.00 619.00 584.00 636.00
  11,114.00 11,438.00 13,515.00 14,322.00 15,423.00
Current Assets          
Inventories 1,025.00 893.00 1,126.00 1,332.00 1,489.00
Trade & Other Receivables 1,426.00 1,184.00 1,658.00 1,970.00 2,328.00
Cash at Bank & in Hand 355.00 473.00 311.00 512.00 415.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 67.00 34.00 70.00 104.00 89.00
  2,873.00 2,584.00 3,165.00 3,918.00 4,321.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 13,987.00 14,022.00 16,680.00 18,240.00 19,744.00
           
Liabilities          
Current Liabilities          
Borrowings 123.00 519.00 246.00 355.00 382.00
Other Current Liabilities 2,855.00 2,605.00 3,117.00 3,131.00 3,315.00
  2,978.00 3,124.00 3,363.00 3,486.00 3,697.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,739.00 1,222.00 3,400.00 3,975.00 3,430.00
Provisions 949.00 1,022.00 1,338.00 1,447.00 1,954.00
Other Non-Current Liabilities 1,153.00 1,114.00 1,469.00 1,781.00 2,402.00
  3,841.00 3,358.00 6,207.00 7,203.00 7,786.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 6,819.00 6,482.00 9,570.00 10,689.00 11,483.00
           
Net Assets 7,168.00 7,540.00 7,110.00 7,551.00 8,261.00
           
Capital & Reserves          
Share Capital 309.00 333.00 333.00 333.00 333.00
Share Premium Account 3,271.00 3,271.00 8,138.00 8,138.00 8,138.00
Other Reserves (830.00) (1,416.00) (2,251.00) (2,143.00) (1,726.00)
Retained Earnings 4,379.00 5,319.00 861.00 1,197.00 1,492.00
Shareholders Funds 7,129.00 7,507.00 7,081.00 7,525.00 8,237.00
           
Minority Interests/Other Equity 39.00 33.00 29.00 26.00 24.00
Total Equity 7,168.00 7,540.00 7,110.00 7,551.00 8,261.00
Cash Flow 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Cash Flow From Operating Activities 204.00 263.00 764.00 749.00 373.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 192.00 2,511.00 (248.00) (415.00) (1,304.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (599.00) (2,466.00) (676.00) (415.00) 1,332.00
Net Increase/Decrease In Cash (203.00) 308.00 (160.00) (81.00) 401.00
Ratios - based on IFRS 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
PE Ratio - Adjusted 57.6 154.7 n/a 45.3 34.8
PEG - Adjusted 0.5 n/a n/a 3.5 1.2
Earnings per Share Growth - Adjusted 126% n/a n/a 13% 28%
Dividend Cover 3.01 1.77 (0.80) 8.41 2.76
Revenue per Share 178.69p 1.43p 146.81p 225.75p 205.91p
Pre-Tax Profit per Share (7.28p) (0.14p) (13.98p) 2.18p (13.69p)
Operating Margin (3.13%) (7.41%) (7.28%) 2.55% (5.16%)
Return on Capital Employed n/a n/a n/a 8.97% n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 57.6 15,330.1 n/a 45.3 34.8
PEG - Adjusted 0.0 n/a n/a 3.5 1.2
Earnings per Share Growth - Adjusted 22,270% n/a n/a 13% 28%
Dividend Cover 3.01 0.02 (0.80) 8.41 2.76
           
Dividend Yield 0.6% 0.4% 0.2% 0.3% 1.0%
Dividend per Share Growth 32.86% 133.33% (55.88%) (63.04%) 9.52%
Operating Cash Flow per Share 4.84p 5.60p 15.73p 15.42p 9.42p
Cash Incr/Decr per Share (4.81p) 0.066p (3.29p) (1.67p) 10.13p
Net Asset Value per Share (exc. Intangibles) 7.63p 3.19p (42.98p) (45.97p) (71.66p)
Net Gearing 21.14% 16.89% 47.10% 50.74% 41.24%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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: Forecast figures based on normalised accounts.

 

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