Pinewood Technologies Group (PINE)

Sector:

Retailers

Index:

FTSE Small Cap

355.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 795.00
  • 52 Week Low: 310.40
  • Currency: UK Pounds
  • Shares Issued: 87.12m
  • Volume: 639,968
  • Market Cap: £309.26m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-06 31-Dec-05 *31-Dec-04 *31-Dec-03
Annualisation Factor 1.0 1.0 1.0 1.0
Dividend Yield 0.8% 5.4% 7.1% 8.4%
         
Continuing Operations        
PE Ratio - Adjusted 159.4 7.3 n/a n/a
PE Ratio - Diluted 110.7
157.3		 7.2
37.6		 n/a
n/a		 n/a
n/a
PEG - Adjusted n/a n/a n/a n/a
PEG - Diluted n/a
9.3		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed 54.47%
45.39%		 30.36%
29.04%		 a210.08%
a192.34%		 a46.73%
a42.49%
Operating Margin 3.23%
2.67%		 3.15%
3.01%		 a3.02%
a2.88%		 a3.03%
a2.76%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 159.4 7.3 4.8 3.7
PE Ratio - Diluted 112.8
161.7		 7.2
37.6		 4.0
4.3		 3.7
4.3
PEG - Adjusted n/a 0.6 0.2 n/a
PEG - Diluted n/a
11.5		 n/a
n/a		 0.1
0.1		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-06 31-Dec-05 *31-Dec-04 *31-Dec-03
Net Gearing 118.20% 76.68% n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-06 31-Dec-05 *31-Dec-04 *31-Dec-03
Price/Book Value (58.2) 21.1 3.8 1.0
Price/Tangible Book Value (58.2) 21.1 36.4 1.0
Price/ Cash Flow 58.7 21.5 1.2 3.3
Price/Revenue 1.49 0.46 0.06 0.06
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (20.54p) 11.59p 37.39p 94.74p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-06 31-Dec-05 *31-Dec-04 *31-Dec-03
Continuing Operations        
Revenue 5,058.50 3,284.50 a3,168.20 a1,841.61
EBITDA 228.70
199.50		 150.80
145.20		 a128.89
a114.68		 a68.53
a61.06
Depreciation (65.10)
(64.20)		 (47.50)
(46.40)		 a(33.20)
a(23.49)		 a(12.67)
a(10.28)
Net Interest (67.60)
(67.60)		 (39.60)
(39.60)		 a(30.65)
a(30.65)		 a(11.51)
a(11.51)
Profit Before Tax 97.70
69.40		 63.80
59.30		 a65.40
a60.90		 a44.35
a39.27
         
Revenue per Share 804.21p 530.36p a2,575.18p a1,480.49p
Pre-Tax Profit per Share 15.53p
11.03p		 10.30p
9.57p		 a53.16p
a49.50p		 a35.65p
a31.57p
Market Capitalisation £ (Millions) 7,842.12 321.20 188.19 118.53
Enterprise Value (EV) £ (Millions) 8,185.12 567.90 547.33 200.74
EBITDA/EV 2.79%
2.44%		 26.55%
25.57%		 a23.55%
a20.95%		 a34.14%
a30.42%
Operating Margin 3.23%
2.67%		 3.15%
3.01%		 a3.02%
a2.88%		 a3.03%
a2.76%
Capital Employed £ (Millions) 301.80 340.60 47.60 119.53
Return on Capital Employed 54.47%
45.39%		 30.36%
29.04%		 a210.08%
a192.34%		 a46.73%
a42.49%
Invested Equity Capital £ (Millions) 355.60 242.50 227.48 148.75
         
Earnings per Share - Basic 10.90p
7.73p		 35.00p
6.69p		 n/a
n/a		 n/a
n/a
Earnings per Share - Diluted 10.80p
7.60p		 34.00p
6.51p		 n/a
n/a		 n/a
n/a
Earnings per Share - Adjusted 7.50p 33.50p n/a n/a
Earnings per Share Growth - Basic -69%
16%		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -68%
17%		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted -78% n/a n/a n/a
PE Ratio - Diluted 110.7
157.3		 7.2
37.6		 n/a
n/a		 n/a
n/a
PEG - Diluted n/a
9.3		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 29.70% 32.50% a32.00% a31.25%
Dividend Cover 0.81
0.84		 2.54
0.51		 n/a
n/a		 n/a
n/a
Interest Cover 2.15
1.81		 2.16
2.08		 a3.10
a2.95		 a4.50
a4.10
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 10.70p
7.52p		 35.00p
6.69p		 37.10p
34.65p		 24.50p
21.61p
Earnings per Share - Diluted 10.60p
7.39p		 34.00p
6.51p		 36.00p
33.59p		 24.10p
21.21p
Earnings per Share - Adjusted 7.50p 33.50p 30.00p 24.50p
Earnings per Share Growth - Basic -69%
12%		 -6%
-81%		 51%
60%		 n/a
n/a
Earnings per Share Growth - Diluted -69%
14%		 -6%
-81%		 49%
58%		 n/a
n/a
Earnings per Share Growth - Adjusted -78% 12% 22% n/a
PE Ratio - Diluted 112.8
161.7		 7.2
37.6		 4.0
4.3		 3.7
4.3
PEG - Diluted n/a
11.5		 n/a
n/a		 0.1
0.1		 n/a
n/a
Dividend Cover 0.81
0.81		 2.54
0.51		 2.94
3.40		 3.22
2.84
Return on Equity (ROE) 18.98%
13.30%		 17.77%
17.07%		 19.39%
18.74%		 20.50%
18.07%
Operating Cash Flow per Share 20.35p 11.40p b115.18p b47.54p
Gross Cash Flow per Share cn/a cn/a 115.18p 27.39p
Cash Incr/Decr per Share (9.17p) (5.96p) 88.92p (3.31p)
Capital Expenditure per Share 16.49p 7.41p 10.40p 6.90p
Dividend per Share 9.25p 13.20p 10.20p 7.60p
Dividend per Share Growth (29.92%) 29.41% 34.21% n/a
Dividend Yield 0.8% 5.4% 7.1% 8.4%
Shareholders Funds 306.00 239.30 220.40 147.07
Net Borrowings £ (Millions) 361.70 183.50 244.84 96.74
Net Asset Value per Share (inc. Intangibles) (20.54p) 11.59p 3.95p 94.74p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-06 31-Dec-05 *31-Dec-04 *31-Dec-03
Shareholders' Funds inc Intangibles 306.00 239.30 220.40 147.07
Net Borrowings £ (Millions) 361.70 183.50 244.84 96.74
Net Gearing 118.20% 76.68% n/a n/a
Cash & Near Cash 19.70 82.10 114.30 7.52
Cash 6.44% 34.31% 51.86% 5.12%
Gross Borrowings 381.40 265.60 359.14 104.26
Gross Gearing 124.64% 110.99% n/a n/a
Borrowings Under 5 years 278.90 147.50 249.08 104.26
Under 5 years 91.14% 61.64% 113.01% 70.89%
Borrowings Under 1 year 10.40 9.60 72.48 42.58
Under 1 year 3.40% 4.01% 32.89% 28.95%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-06 31-Dec-05 *31-Dec-04 *31-Dec-03
Shareholders' Funds exc Intangibles (129.20) 71.80 46.00 117.85
Net Borrowings £ (Millions) 361.70 183.50 244.84 96.74
Net Gearing n/a 255.57% n/a n/a
Cash & Near Cash 19.70 82.10 114.30 7.52
Cash (15.25%) 114.35% 248.48% 6.38%
Gross Borrowings 381.40 265.60 359.14 104.26
Gross Gearing 295.20% 369.92% n/a n/a
Borrowings Under 5 years 278.90 147.50 249.08 104.26
Under 5 years (215.87%) 205.43% 541.48% 88.47%
Borrowings Under 1 year 10.40 9.60 72.48 42.58
Under 1 year (8.05%) 13.37% 157.57% 36.13%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-06 31-Dec-05 *31-Dec-04 *31-Dec-03
Quick Ratio 0.26 0.30 d0.38 d0.32
Current Ratio 0.97 1.02 d1.33 d1.10

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: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

Top of Page