Helical (HLCL)

Sector:

Real Estate

Index:

FTSE Small Cap

224.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 279.50
  • 52 Week Low: 185.00
  • Currency: UK Pounds
  • Shares Issued: 123.36m
  • Volume: 80,552
  • Market Cap: £276.32m
  • RiskGrade: 178

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 1.8% 1.4% 1.6% 1.2% 1.0%
           
Continuing Operations          
PE Ratio - Adjusted n/a n/a n/a 30.4 24.0
PE Ratio - Diluted n/a
n/a		 37.1
n/a		 n/a
7.0		 n/a
34.2		 8.0
7.9
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin (2.37%)
(5.87%)		 18.44%
9.00%		 (80.79%)
13.20%		 (36.17%)
13.80%		 49.90%
49.90%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a n/a n/a 30.4 24.0
PE Ratio - Diluted n/a
n/a		 37.1
n/a		 n/a
7.0		 n/a
34.2		 8.0
7.9
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07
Net Gearing 80.73% 83.70% 94.84% 76.61% 47.56%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07
Price/Book Value 1.2 1.5 1.2 1.3 1.4
Price/Tangible Book Value 1.2 1.5 1.2 1.3 1.4
Price/ Cash Flow 11.4 28.4 (9.9) (9.1) (10.1)
Price/Revenue 2.49 5.30 3.33 5.24 3.11
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 233.36p 229.82p 249.92p 293.77p 315.81p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07
Continuing Operations          
Revenue 119.06 67.35 81.77 65.62 123.18
EBITDA (2.50)
(6.66)		 12.75
6.39		 (65.74)
11.11		 (23.46)
9.33		 61.64
61.64
Depreciation (0.33)
(0.33)		 (0.33)
(0.33)		 (0.32)
(0.32)		 (0.27)
(0.27)		 (0.18)
(0.18)
Net Interest (6.34)
(6.34)		 (8.29)
(8.29)		 (7.64)
(7.64)		 (0.45)
(0.45)		 (1.38)
(1.38)
Profit Before Tax (6.28)
(11.02)		 7.88
(0.50)		 (71.86)
5.00		 (24.28)
8.51		 60.09
60.09
           
Revenue per Share 108.79p 63.81p 86.21p 71.76p 137.87p
Pre-Tax Profit per Share (5.74p)
(10.07p)		 7.46p
(0.47p)		 (75.76p)
5.27p		 (26.56p)
9.30p		 67.25p
67.25p
Market Capitalisation £ (Millions) 319.92 362.93 307.88 359.95 410.88
Enterprise Value (EV) £ (Millions) 557.33 605.69 597.64 582.55 547.20
EBITDA/EV (0.45%)
(1.19%)		 2.11%
1.06%		 (11.00%)
1.86%		 (4.03%)
1.60%		 11.27%
11.27%
Operating Margin (2.37%)
(5.87%)		 18.44%
9.00%		 (80.79%)
13.20%		 (36.17%)
13.80%		 49.90%
49.90%
Capital Employed £ (Millions) 492.80 485.35 534.49 503.26 440.44
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 255.27 242.48 236.91 280.35 302.88
           
Earnings per Share - Basic (3.60p)
(6.82p)		 9.10p
(0.12p)		 (56.60p)
41.18p		 (13.50p)
10.99p		 58.00p
58.30p
Earnings per Share - Diluted (3.60p)
(6.82p)		 9.10p
(0.12p)		 (56.60p)
41.18p		 (13.50p)
10.99p		 53.70p
54.00p
Earnings per Share - Adjusted (6.40)p (0.10)p (56.60)p 12.38p 17.92p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
275%		 n/a
-81%		 -79%
-9%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
275%		 n/a
-80%		 -79%
-11%
Earnings per Share Growth - Adjusted n/a n/a n/a -31% -72%
PE Ratio - Diluted n/a
n/a		 37.1
n/a		 n/a
7.0		 n/a
34.2		 8.0
7.9
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a
Tax Rate 34.28% (67.63%) 24.91% 49.49% 13.31%
Dividend Cover (1.31)
(1.39)		 (0.02)
(0.03)		 (12.58)
9.15		 2.75
2.44		 4.12
13.40
Interest Cover 0.10
(0.58)		 1.84
0.95		 (6.39)
1.51		 (7.01)
3.80		 23.17
23.17
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (3.60p)
(6.82p)		 9.10p
(0.12p)		 (56.60p)
41.18p		 (13.50p)
10.99p		 58.00p
58.30p
Earnings per Share - Diluted (3.60p)
(6.82p)		 9.10p
(0.12p)		 (56.60p)
41.18p		 (13.50p)
10.99p		 53.70p
54.00p
Earnings per Share - Adjusted (6.40p) (0.100p) (56.60p) 12.38p 17.92p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
275%		 n/a
-81%		 -79%
-9%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
275%		 n/a
-80%		 -79%
-11%
Earnings per Share Growth - Adjusted n/a n/a n/a -31% -72%
PE Ratio - Diluted n/a
n/a		 37.1
n/a		 n/a
7.0		 n/a
34.2		 8.0
7.9
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover (1.31)
(1.39)		 (0.02)
(0.03)		 (12.58)
9.15		 2.75
2.44		 4.12
13.40
Return on Equity (ROE) (1.52%)
(2.92%)		 3.97%
(0.05%)		 (22.64%)
16.49%		 (4.39%)
3.59%		 17.20%
17.20%
Operating Cash Flow per Share 23.73p 11.89p (29.00p) (41.39p) (42.44p)
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (7.65p) (31.24p) 58.71p 14.98p (7.55p)
Capital Expenditure per Share n/a n/a n/a (0.051p) 0.047p
Dividend per Share 4.90p 4.75p 4.50p 4.50p 4.35p
Dividend per Share Growth 3.16% 5.56% n/a 3.45% (77.69%)
Dividend Yield 1.8% 1.4% 1.6% 1.2% 1.0%
Shareholders Funds 255.27 242.48 236.91 268.50 282.19
Net Borrowings £ (Millions) 206.09 202.96 224.68 205.51 134.20
Net Asset Value per Share (inc. Intangibles) 233.25p 229.71p 249.75p 293.60p 315.81p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07
Shareholders' Funds inc Intangibles 255.27 242.48 236.91 268.50 282.19
Net Borrowings £ (Millions) 206.09 202.96 224.68 205.51 134.20
Net Gearing 80.73% 83.70% 94.84% 76.61% 47.56%
Cash & Near Cash 31.33 39.80 72.78 17.09 3.39
Cash 12.27% 16.41% 30.72% 6.36% 1.20%
Gross Borrowings 237.42 242.76 297.45 222.60 137.59
Gross Gearing 93.00% 100.11% 125.56% 82.97% 48.76%
Borrowings Under 5 years 237.42 242.76 297.45 213.85 131.88
Under 5 years 93.00% 100.11% 125.56% 79.65% 46.73%
Borrowings Under 1 year n/a n/a n/a 50.24 31.56
Under 1 year n/a n/a n/a 18.71% 11.18%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07
Shareholders' Funds exc Intangibles 255.26 242.47 236.88 268.47 282.16
Net Borrowings £ (Millions) 206.09 202.96 224.68 205.51 134.20
Net Gearing 80.74% 83.71% 94.85% 76.61% 47.56%
Cash & Near Cash 31.33 39.80 72.78 17.09 3.39
Cash 12.27% 16.41% 30.72% 6.37% 1.20%
Gross Borrowings 237.42 242.76 297.45 222.60 137.59
Gross Gearing 93.01% 100.12% 125.57% 82.98% 48.76%
Borrowings Under 5 years 237.42 242.76 297.45 213.85 131.88
Under 5 years 93.01% 100.12% 125.57% 79.66% 46.74%
Borrowings Under 1 year n/a n/a n/a 50.24 31.56
Under 1 year n/a n/a n/a 18.71% 11.19%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Mar-11 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07
Quick Ratio 0.95 0.78 1.23 0.52 0.75
Current Ratio 2.73 2.35 3.34 2.09 1.87

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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