Investec (INVP)

Sector:

Banking

Index:

FTSE 250

525.50p
   
  • Change Today:
    -14.00p
  • 52 Week High: 558.50
  • 52 Week Low: 406.10
  • Currency: UK Pounds
  • Shares Issued: 645.16m
  • Volume: 2,107,372
  • Market Cap: £3,390.33m
  • RiskGrade: 206

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.2
Dividend Yield 6.9% 5.0% 5.9% 7.2% 5.5%
           
Continuing Operations          
PE Ratio - Adjusted 6.5 9.1 7.6 4.5 9.1
PE Ratio - Diluted 5.9
7.4		 6.3
9.2		 8.8
8.7		 8.8
4.5		 11.2
9.1
PEG - Adjusted 0.3 0.1 n/a n/a 0.4
PEG - Diluted n/a
0.7		 0.0
0.1		 0.2
n/a		 n/a
n/a		 0.2
0.1
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 52.25%
44.18%		 31.81%
32.21%		 17.52%
15.44%		 15.18%
25.17%		 23.77%
28.85%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.5 9.1 751.4 3.3 29.1
PE Ratio - Diluted 5.4
6.5		 6.3
9.2		 872.1
864.7		 1.3
3.1		 34.8
28.3
PEG - Adjusted 0.3 0.0 n/a 0.0 n/a
PEG - Diluted 1.8
0.3		 0.0
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Price/Book Value 0.8 0.9 0.4 0.3 0.9
Price/Tangible Book Value 1.0 1.0 0.5 0.4 1.1
Price/ Cash Flow 9.5 1.5 (3.3) 2.0 3.0
Price/Revenue 2.16 2.49 137.52 0.89 9.75
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 559.38p 591.61p 538.29p 480.08p 506.99p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 1,852.38 1,854.00 14.81 1,607.03 427.55
Profit Before Tax 893.86
744.28		 697.26
704.65		 3.35
3.04		 310.48
471.01		 128.55
150.29
           
Revenue per Share 207.68p 202.08p 1.59p 169.91p 45.38p
Pre-Tax Profit per Share 100.22p
83.44p		 76.00p
76.81p		 0.36p
0.33p		 32.83p
49.80p		 13.64p
15.95p
Market Capitalisation £ (Millions) 2,893.10 6,028.16 1,525.81 1,057.35 3,017.02
Operating Margin 52.25%
44.18%		 31.81%
32.21%		 17.52%
15.44%		 15.18%
25.17%		 23.77%
28.85%
Capital Employed £ (Millions) 4,989.38 5,427.76 6,522.52 6,021.86 6,447.77
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) 4,322.88 4,791.70 4,469.47 4,075.61 4,340.00
           
Earnings per Share - Basic 79.10p
63.48p		 52.00p
56.77p		 25.20p
25.41p		 17.50p
33.73p		 40.40p
49.70p
Earnings per Share - Diluted 76.00p
61.05p		 80.20p
54.90p		 24.90p
25.11p		 17.30p
33.46p		 39.60p
48.67p
Earnings per Share - Adjusted 68.90p 55.10p 28.90p 33.90p 48.70p
Earnings per Share Growth - Basic 52%
12%		 106%
123%		 44%
-25%		 -57%
-32%		 66%
115%
Earnings per Share Growth - Diluted -5%
11%		 222%
119%		 44%
-25%		 -56%
-31%		 71%
122%
Earnings per Share Growth - Adjusted 25% 91% -15% -30% 24%
PE Ratio - Diluted 5.9
7.4		 6.3
9.2		 8.8
8.7		 8.8
4.5		 11.2
9.1
PEG - Diluted n/a
0.7		 0.0
0.1		 0.2
n/a		 n/a
n/a		 0.2
0.1
Tax Rate 18.79% 22.81% 28.56% 11.65% 5.97%
Dividend Cover 2.22
2.05		 2.20
2.27		 2.22
1.95		 3.08
3.07		 1.99
2.03
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 85.80p
71.54p		 52.00p
56.77p		 0.25p
0.26p		 115.30p
49.44p		 12.99p
15.98p
Earnings per Share - Diluted 82.50p
68.81p		 80.20p
54.90p		 0.25p
0.25p		 114.40p
49.04p		 12.72p
15.65p
Earnings per Share - Adjusted 68.90p 55.10p 0.29p 46.50p 15.21p
Earnings per Share Growth - Basic 65%
26%		 20,343%
22,036%		 -100%
-100%		 788%
209%		 -47%
-31%
Earnings per Share Growth - Diluted 3%
25%		 31,809%
21,557%		 -100%
-100%		 800%
213%		 -45%
-29%
Earnings per Share Growth - Adjusted 25% 18,788% -99% 206% -61%
PE Ratio - Diluted 5.4
6.5		 6.3
9.2		 872.1
864.7		 1.3
3.1		 34.8
28.3
PEG - Diluted 1.8
0.3		 0.0
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a
Dividend Cover 2.22
2.31		 2.20
2.27		 0.02
0.02		 4.23
4.49		 0.62
0.65
Return on Equity (ROE) 18.62%
14.76%		 10.77%
10.87%		 0.06%
0.05%		 27.85%
11.47%		 3.08%
3.47%
Operating Cash Flow per Share 47.36p 334.79p (66.70p) 74.74p 149.13p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (68.99p) 284.50p (0.66p) (75.06p) 26.11p
Dividend per Share 31.00p 25.00p 13.00p 11.00p 24.50p
Dividend per Share Growth 24.00% 92.31% 18.18% (55.10%) 22.50%
Dividend Yield 6.9% 5.0% 5.9% 7.2% 5.5%
Shareholders Funds 4,322.88 4,791.70 4,429.14 4,030.82 4,316.41
Net Borrowings £ (Millions) n/a n/a (2,036.15) (2,495.69) 1,647.27
Net Asset Value per Share (inc. Intangibles) 448.88p 488.28p 441.05p 388.44p 407.80p

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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