Breedon Group (BREE)

Sector:

Construction and Building Materials

Index:

FTSE 250

440.00p
   
  • Change Today:
    -5.50p
  • 52 Week High: 446.50
  • 52 Week Low: 317.00
  • Currency: UK Pounds
  • Shares Issued: 343.65m
  • Volume: 791,052
  • Market Cap: £1,512.04m

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 3.7% 0.7% 0.0%
       
Continuing Operations      
PE Ratio - Adjusted 10.6 43.4 9,487.4
PE Ratio - Diluted 11.7
11.0		 46.0
8.8		 10,185.6
100.7
PEG - Adjusted 0.0 0.0 n/a
PEG - Diluted 0.0
n/a		 0.0
0.0		 n/a
n/a
Return on Capital Employed 13.68%
14.39%		 14.94%
15.60%		 14.22%
14.51%
Operating Margin 9.62%
10.13%		 10.35%
10.82%		 10.10%
10.31%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 10.6 43.4 9,487.4
PE Ratio - Diluted 11.7
11.0		 46.0
8.8		 10,185.6
100.7
PEG - Adjusted 0.0 0.0 n/a
PEG - Diluted 0.0
n/a		 0.0
0.0		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21
Net Gearing 15.30% 18.95% 22.38%

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21
Price/Book Value 2.1 2.0 17.9
Price/Tangible Book Value 2.1 2.0 17.9
Price/ Cash Flow 6.4 6.1 41.3
Price/Revenue 0.83 0.74 6.51
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 174.11p 155.25p 26.55p
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations      
Revenue 1,487.50 1,396.30 1,232.50
EBITDA 237.80
245.40		 232.80
239.40		 211.40
214.00
Depreciation (94.70)
(94.70)		 (88.30)
(88.30)		 (86.90)
(86.90)
Net Interest (11.30)
(11.30)		 (12.20)
(12.20)		 (13.10)
(13.10)
Profit Before Tax 134.40
142.00		 135.80
142.40		 114.30
116.90
       
Revenue per Share 438.60p 412.43p 73.00p
Pre-Tax Profit per Share 39.63p
41.87p		 40.11p
42.06p		 6.77p
6.92p
Market Capitalisation £ (Millions) 1,229.71 1,033.64 8,016.10
Enterprise Value (EV) £ (Millions) 1,526.51 1,333.04 8,312.50
EBITDA/EV 15.58%
16.08%		 17.46%
17.96%		 2.54%
2.57%
Operating Margin 9.62%
10.13%		 10.35%
10.82%		 10.10%
10.31%
Capital Employed £ (Millions) 1,065.10 990.80 896.10
Return on Capital Employed 13.68%
14.39%		 14.94%
15.60%		 14.22%
14.51%
Invested Equity Capital £ (Millions) 1,288.20 1,209.30 1,101.00
       
Earnings per Share - Basic 31.10p
32.94p		 6.65p
34.94p		 0.047p
4.75p
Earnings per Share - Diluted 31.00p
32.87p		 6.63p
34.86p		 0.047p
4.72p
Earnings per Share - Adjusted 34.00p 7.02p 0.05p
Earnings per Share Growth - Basic 368%
-6%		 14,068%
636%		 n/a
n/a
Earnings per Share Growth - Diluted 368%
-6%		 14,117%
639%		 n/a
n/a
Earnings per Share Growth - Adjusted 384% 13,921% n/a
PE Ratio - Diluted 11.7
11.0		 46.0
8.8		 10,185.6
100.7
PEG - Diluted 0.0
n/a		 0.0
0.0		 n/a
n/a
Tax Rate 21.85% 17.54% 32.05%
Dividend Cover 2.52
2.44		 3.34
16.64		 3.10
293.77
Interest Cover 10.67
11.22		 11.95
12.48		 9.73
9.92
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 31.10p
32.94p		 6.65p
34.94p		 0.047p
4.75p
Earnings per Share - Diluted 31.00p
32.87p		 6.63p
34.86p		 0.047p
4.72p
Earnings per Share - Adjusted 34.00p 7.02p 0.050p
Earnings per Share Growth - Basic 368%
-6%		 14,068%
636%		 n/a
n/a
Earnings per Share Growth - Diluted 368%
-6%		 14,117%
639%		 n/a
n/a
Earnings per Share Growth - Adjusted 384% 13,921% n/a
PE Ratio - Diluted 11.7
11.0		 46.0
8.8		 10,185.6
100.7
PEG - Diluted 0.0
n/a		 0.0
0.0		 n/a
n/a
Dividend Cover 2.52
2.44		 3.34
16.64		 3.10
293.77
Return on Equity (ROE) 8.19%
8.67%		 9.30%
9.78%		 7.13%
7.28%
Operating Cash Flow per Share 56.58p 49.62p 0.12p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share 7.34p 5.05p 3.12p
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 13.50p 2.10p 0.016p
Dividend per Share Growth 542.86% 12,902.74% n/a
Dividend Yield 3.7% 0.7% 0.0%
Shareholders Funds 1,110.40 1,043.50 949.60
Net Borrowings £ (Millions) 169.90 197.70 212.50
Net Asset Value per Share (inc. Intangibles) 174.02p 155.16p 26.54p

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21
Shareholders' Funds inc Intangibles 1,110.40 1,043.50 949.60
Net Borrowings £ (Millions) 169.90 197.70 212.50
Net Gearing 15.30% 18.95% 22.38%
Cash & Near Cash 126.90 101.70 83.90
Cash 11.43% 9.75% 8.84%
Gross Borrowings 296.80 299.40 296.40
Gross Gearing 26.73% 28.69% 31.21%
Borrowings Under 5 years 296.80 299.40 296.40
Under 5 years 26.73% 28.69% 31.21%
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21
Shareholders' Funds exc Intangibles 590.20 525.30 448.10
Net Borrowings £ (Millions) 169.90 197.70 212.50
Net Gearing 28.79% 37.64% 47.42%
Cash & Near Cash 126.90 101.70 83.90
Cash 21.50% 19.36% 18.72%
Gross Borrowings 296.80 299.40 296.40
Gross Gearing 50.29% 57.00% 66.15%
Borrowings Under 5 years 296.80 299.40 296.40
Under 5 years 50.29% 57.00% 66.15%
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21
Quick Ratio 1.20 1.13 1.04
Current Ratio 1.61 1.46 1.26

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.

 

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