(Millions) | (Millions) | (Millions) | (Millions) | (Millions) | |
Growth Metrics | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Annualisation Factor | 1.0 | 1.0 | n/a | 1.0 | 1.0 |
Dividend Yield | 1.8% | 1.3% | 0.0% | 0.0% | 2.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | 22.5 | 21.8 | 31.0 | 17.9 | 13.6 |
PE Ratio - Diluted | n/a n/a |
206.5 45.3 |
37.7 32.3 |
72.7 n/a |
n/a 78.8 |
PEG - Adjusted | n/a | 2.0 | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
0.2 n/a |
n/a n/a |
n/a 0.6 |
Return on Capital Employed | 43.11% 61.62% |
34.82% 42.90% |
0.61% 0.63% |
36.11% 9.82% |
n/a 65.29% |
Operating Margin | (17.67%) (18.35%) |
2.39% 5.54% |
16.62% 17.03% |
7.14% 1.94% |
(1.79%) 6.31% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 22.5 | 21.8 | 3,128.2 | 18.0 | 13.6 |
PE Ratio - Diluted | n/a n/a |
322.3 45.3 |
3,951.0 3,263.4 |
115.7 n/a |
n/a 92.1 |
PEG - Adjusted | n/a | 0.0 | n/a | n/a | 0.2 |
PEG - Diluted | n/a n/a |
0.4 0.0 |
n/a n/a |
n/a n/a |
n/a 0.3 |
(Millions) | (Millions) | (Millions) | (Millions) | (Millions) | |
Gearing | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Net Gearing | 142.55% | 87.35% | 65.96% | 57.15% | 74.28% |
(Millions) | (Millions) | (Millions) | (Millions) | (Millions) | |
Value Metrics | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Price/Book Value | (1.0) | (2.3) | (4.5) | (3.2) | (2.1) |
Price/Tangible Book Value | (1.0) | (2.2) | (4.5) | (3.1) | (2.0) |
Price/ Cash Flow | 13.7 | 12.1 | 15.6 | 9.3 | 11.8 |
Price/Revenue | 1.28 | 1.81 | 254.97 | 1.86 | 1.44 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | (955.07¢) | (567.92¢) | (375.79¢) | (357.20¢) | (431.01¢) |
Net Cash per Share | n/a | n/a | n/a | n/a | n/a |
(Millions) | (Millions) | (Millions) | (Millions) | (Millions) | |
Annualised Fundamentals | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Continuing Operations | |||||
Revenue | 4,769.60 | 4,296.90 | 38.66 | 3,561.60 | 3,578.10 |
EBITDA | (842.60) (875.10) |
102.90 238.20 |
8.67 8.83 |
492.80 307.70 |
154.70 444.60 |
Depreciation | n/a n/a |
n/a n/a |
(2.25) (2.25) |
(238.60) (238.60) |
(218.90) (218.90) |
Net Interest | n/a n/a |
n/a n/a |
(0.82) (0.82) |
(79.50) (79.50) |
(100.20) (100.20) |
Profit Before Tax | (842.60) (875.10) |
102.90 238.20 |
3.97 4.13 |
174.70 (10.40) |
(164.40) 125.50 |
Revenue per Share | 774.29¢ | 730.52¢ | 6.60¢ | 610.18¢ | 614.79¢ |
Pre-Tax Profit per Share | (136.79¢) (142.06¢) |
17.49¢ 40.50¢ |
0.68¢ 0.70¢ |
29.93¢ (1.78¢) |
(28.25¢) 21.56¢ |
Market Capitalisation (Millions) | 6,350.95 | 7,781.61 | 9,871.64 | 6,631.86 | 5,148.98 |
Enterprise Value (EV) (Millions) | 9,881.25 | 11,072.91 | 12,367.24 | 9,056.05 | 7,571.98 |
EBITDA/EV | (8.53%) (8.86%) |
0.93% 2.15% |
0.07% 0.07% |
5.44% 3.40% |
2.04% 5.87% |
Operating Margin | (17.67%) (18.35%) |
2.39% 5.54% |
16.62% 17.03% |
7.14% 1.94% |
(1.79%) 6.31% |
Capital Employed (Millions) | (1,420.20) | 555.20 | 789.50 | 704.00 | 345.70 |
Return on Capital Employed | 43.11% 61.62% |
34.82% 42.90% |
0.61% 0.63% |
36.11% 9.82% |
n/a 65.29% |
Invested Equity Capital (Millions) | 3,097.30 | 3,633.60 | 3,581.50 | 3,380.40 | 3,187.50 |
Earnings per Share - Basic | (141.40p) (146.64p) |
6.40p 29.39p |
45.10p 52.52p |
15.80p (16.27p) |
(24.80p) 11.36p |
Earnings per Share - Diluted | (141.40p) (146.28p) |
6.40p 29.17p |
44.70p 52.04p |
15.60p (16.10p) |
(24.80p) 11.22p |
Earnings per Share - Adjusted | 44.20p | 60.50p | 54.30p | 63.50p | 65.20p |
Earnings per Share Growth - Basic | n/a n/a |
-86% -44% |
185% n/a |
n/a n/a |
n/a 128% |
Earnings per Share Growth - Diluted | n/a n/a |
-86% -44% |
186% n/a |
n/a n/a |
n/a 127% |
Earnings per Share Growth - Adjusted | -27% | 11% | -14% | -3% | -15% |
PE Ratio - Diluted | n/a n/a |
206.5 45.3 |
37.7 32.3 |
72.7 n/a |
n/a 78.8 |
PEG - Diluted | n/a n/a |
n/a n/a |
0.2 n/a |
n/a n/a |
n/a 0.6 |
Tax Rate | (4.28%) | 68.03% | 21.16% | 34.86% | 20.19% |
Dividend Cover | 2.48 (8.24) |
3.56 1.73 |
n/a n/a |
n/a n/a |
3.70 0.65 |
Interest Cover | n/a n/a |
n/a n/a |
5.74 5.93 |
3.14 0.87 |
(0.60) 2.22 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | (150.70p) (161.35p) |
4.10p 29.39p |
0.43p 0.52p |
9.90p (18.74p) |
(26.40p) 9.72p |
Earnings per Share - Diluted | (150.70p) (160.96p) |
4.10p 29.17p |
0.43p 0.52p |
9.80p (18.55p) |
(26.40p) 9.61p |
Earnings per Share - Adjusted | 44.20p | 60.50p | 0.54p | 62.80p | 65.10p |
Earnings per Share Growth - Basic | n/a n/a |
854% 5,548% |
-96% n/a |
n/a n/a |
n/a 290% |
Earnings per Share Growth - Diluted | n/a n/a |
862% 5,556% |
-96% n/a |
n/a n/a |
n/a 289% |
Earnings per Share Growth - Adjusted | -27% | 11,145% | -99% | -4% | 69% |
PE Ratio - Diluted | n/a n/a |
322.3 45.3 |
3,951.0 3,263.4 |
115.7 n/a |
n/a 92.1 |
PEG - Diluted | n/a n/a |
0.4 0.0 |
n/a n/a |
n/a n/a |
n/a 0.3 |
Dividend Cover | 2.48 (9.06) |
3.56 1.73 |
n/a n/a |
n/a n/a |
3.70 0.55 |
Return on Equity (ROE) | (29.98%) (32.09%) |
0.67% 4.76% |
0.07% 0.09% |
1.71% (3.24%) |
(4.82%) 1.78% |
Operating Cash Flow per Share | 72.74¢ | 108.84¢ | 107.87¢ | 121.69¢ | 75.14¢ |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (39.64¢) | 27.98¢ | (0.43¢) | 59.40¢ | (3.66¢) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 17.80p | 17.00p | n/a | n/a | 17.60p |
Dividend per Share Growth | 4.71% | n/a | n/a | n/a | (45.00%) |
Dividend Yield | 1.8% | 1.3% | 0.0% | 0.0% | 2.0% |
Shareholders Funds | 2,268.00 | 3,132.80 | 3,167.10 | 3,029.20 | 2,812.80 |
Net Borrowings (Millions) | 3,233.10 | 2,736.40 | 2,089.00 | 1,731.10 | 2,089.40 |
Net Asset Value per Share (inc. Intangibles) | (1,040.28¢) | (599.17¢) | (376.03¢) | (366.16¢) | (438.42¢) |
(Millions) | (Millions) | (Millions) | (Millions) | (Millions) | |
Gearing - inc Intangibles | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Shareholders' Funds inc Intangibles | 2,268.00 | 3,132.80 | 3,167.10 | 3,029.20 | 2,812.80 |
Net Borrowings (Millions) | 3,233.10 | 2,736.40 | 2,089.00 | 1,731.10 | 2,089.40 |
Net Gearing | 142.55% | 87.35% | 65.96% | 57.15% | 74.28% |
Cash & Near Cash | 400.60 | 658.50 | 487.10 | 706.70 | 390.10 |
Cash | 17.66% | 21.02% | 15.38% | 23.33% | 13.87% |
Gross Borrowings | 3,633.70 | 3,394.90 | 2,576.10 | 2,437.80 | 2,479.50 |
Gross Gearing | 160.22% | 108.37% | 81.34% | 80.48% | 88.15% |
Borrowings Under 5 years | 3,633.70 | 3,394.90 | 2,576.10 | 2,437.80 | 2,479.50 |
Under 5 years | 160.22% | 108.37% | 81.34% | 80.48% | 88.15% |
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-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Shareholders' Funds exc Intangibles | (6,408.10) | (3,524.30) | (2,202.40) | (2,137.30) | (2,551.60) |
Net Borrowings (Millions) | 3,233.10 | 2,736.40 | 2,089.00 | 1,731.10 | 2,089.40 |
Net Gearing | (50.45%) | (77.64%) | (94.85%) | (80.99%) | (81.89%) |
Cash & Near Cash | 400.60 | 658.50 | 487.10 | 706.70 | 390.10 |
Cash | (6.25%) | (18.68%) | (22.12%) | (33.07%) | (15.29%) |
Gross Borrowings | 3,633.70 | 3,394.90 | 2,576.10 | 2,437.80 | 2,479.50 |
Gross Gearing | 56.70% | 96.33% | 116.97% | 114.06% | 97.17% |
Borrowings Under 5 years | 3,633.70 | 3,394.90 | 2,576.10 | 2,437.80 | 2,479.50 |
Under 5 years | (56.70%) | (96.33%) | (116.97%) | (114.06%) | (97.17%) |
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-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-19 |
Quick Ratio | n/a | n/a | n/a | n/a | n/a |
Current Ratio | 0.56 | 0.72 | 0.89 | 0.90 | 0.73 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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