£ (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 |
* 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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