Just Group (JUST)

Sector:

Insurance

Index:

FTSE 250

105.20p
   
  • Change Today:
    -2.60p
  • 52 Week High: 108.04p
  • 52 Week Low: 68.20p
  • Currency: UK Pounds
  • Shares Issued: 1,038.70m
  • Volume: 1,815,536
  • Market Cap: £1,092.72m
  • RiskGrade: 252

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.4% 2.1% 1.2% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - Basic 7.6
11.5		 n/a
1.7		 n/a
5.3		 4.4
4.0		 2.8
5.9
PE Ratio - Diluted 7.7
11.5		 n/a
1.7		 n/a
5.3		 4.4
4.1		 2.8
6.0
PE Ratio - Adjusted 3.1 4.0 5.1 3.7 4.5
PEG - Basic n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
0.1		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
0.1		 n/a
n/a
PEG - Adjusted 0.1 0.2 n/a 0.5 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 19.81%
16.46%		 (32.75%)
31.77%		 4.31%
11.01%		 18.42%
17.71%		 28.91%
20.12%
           
Continuing & Discontinued Operations          
PE Ratio - Basic 7.6
11.5		 n/a
1.7		 n/a
521.1		 4.4
4.0		 2.8
5.9
PE Ratio - Diluted 7.7
11.5		 n/a
1.7		 n/a
521.1		 4.4
4.1		 2.8
6.0
PE Ratio - Adjusted 3.1 4.0 505.0 3.7 4.5
PEG - Basic n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
0.1		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
0.1		 n/a
n/a
PEG - Adjusted 0.1 0.0 n/a 0.5 n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 11.62% 19.64% 10.98% 117.78% 19.99%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 0.8 0.8 0.4 0.3 0.4
Price/Tangible Book Value 0.8 0.8 0.4 0.3 0.4
Price/ Cash Flow 6.3 4.2 (1.4) 0.8 2.9
Price/Revenue 0.57 0.64 31.99 0.34 0.41
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 112.60p 102.33p 224.47p 228.67p 215.05p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 1,555.00 1,325.00 27.01 2,147.80 1,921.00
Net Interest (122.00)
(122.00)		 (57.00)
(57.00)		 (1.38)
(1.38)		 (159.00)
(159.00)		 (186.70)
(186.70)
Profit Before Tax 172.00
120.00		 (494.00)
361.00		 (0.22)
1.59		 236.70
221.30		 368.60
199.80
           
Revenue per Share 150.68p 128.39p 2.61p 208.38p 190.67p
Pre-Tax Profit per Share 16.67p
11.63p		 (47.87p)
34.98p		 (0.021p)
0.15p		 22.96p
21.47p		 36.59p
19.83p
Market Capitalisation £ (Millions) 892.25 847.58 868.22 725.65 817.71
Enterprise Value (EV) £ (Millions) 1,574.25 1,540.58 1,616.22 4,811.05 1,490.11
EBITDA/EV 19.88%
16.58%		 (27.78%)
27.72%		 0.09%
0.20%		 8.72%
8.40%		 38.90%
27.58%
Operating Margin 19.81%
16.46%		 (32.75%)
31.77%		 4.31%
11.01%		 18.42%
17.71%		 28.91%
20.12%
Capital Employed £ (Millions) 1,851.00 1,756.00 3,105.00 6,466.10 2,867.10
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) 1,205.00 1,105.00 2,441.90 2,222.10 2,055.90
           
Earnings per Share - Basic 11.30p
7.46p		 (36.30p)
47.77p		 (7.97p)
15.89p		 16.06p
17.29p		 28.37p
13.28p
Earnings per Share - Diluted 11.20p
7.46p		 (36.30p)
47.77p		 (7.97p)
15.89p		 15.89p
17.11p		 28.00p
13.11p
Earnings per Share - Adjusted 27.90p 20.20p 16.40p 18.80p 17.60p
Earnings per Share Growth - Basic n/a
-84%		 n/a
201%		 n/a
-8%		 -43%
30%		 n/a
-40%
Earnings per Share Growth - Diluted n/a
-84%		 n/a
201%		 n/a
-7%		 -43%
30%		 n/a
-41%
Earnings per Share Growth - Adjusted 38% 23% -13% 7% -4%
PE Ratio - Diluted 7.7
11.5		 n/a
1.7		 n/a
5.3		 4.4
4.1		 2.8
6.0
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
0.1		 n/a
n/a
Tax Rate 23.12% 26.88% 26.17% 18.67% 17.96%
Dividend Cover 13.41
3.59		 11.68
27.61		 16.40
15.89		 n/a
n/a		 n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 11.30p
7.46p		 (36.30p)
47.77p		 (0.080p)
0.16p		 16.06p
17.29p		 28.37p
13.28p
Earnings per Share - Diluted 11.20p
7.46p		 (36.30p)
47.77p		 (0.080p)
0.16p		 15.89p
17.11p		 28.00p
13.11p
Earnings per Share - Adjusted 27.90p 20.20p 0.17p 18.80p 17.60p
Earnings per Share Growth - Basic n/a
-84%		 n/a
29,676%		 n/a
-99%		 -43%
30%		 n/a
-40%
Earnings per Share Growth - Diluted n/a
-84%		 n/a
29,676%		 n/a
-99%		 -43%
30%		 n/a
-41%
Earnings per Share Growth - Adjusted 38% 12,102% -99% 7% -4%
PE Ratio - Diluted 7.7
11.5		 n/a
1.7		 n/a
521.1		 4.4
4.1		 2.8
6.0
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
0.1		 n/a
n/a
Dividend Cover 13.41
3.59		 11.68
27.61		 0.17
0.16		 n/a
n/a		 n/a
n/a
Return on Equity (ROE) 10.71%
6.39%		 (32.76%)
44.62%		 (0.01%)
0.07%		 8.71%
8.02%		 14.72%
6.51%
Operating Cash Flow per Share 13.66p 19.48p (59.20p) 91.94p 27.07p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 2.81p (16.38p) (0.79p) 94.48p 64.97p
Dividend per Share 2.08p 1.73p 1.00p n/a n/a
Dividend per Share Growth 20.23% 73.00% n/a n/a n/a
Dividend Yield 2.4% 2.1% 1.2% 0.0% 0.0%
Shareholders Funds 1,205.00 1,105.00 2,441.90 2,198.30 2,027.80
Net Borrowings £ (Millions) 140.00 217.00 268.00 2,589.10 405.40
Net Asset Value per Share (inc. Intangibles) 112.79p 102.52p 224.65p 200.33p 185.94p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 1,205.00 1,105.00 2,441.90 2,198.30 2,027.80
Net Borrowings £ (Millions) 140.00 217.00 268.00 2,589.10 405.40
Net Gearing 11.62% 19.64% 10.98% 117.78% 19.99%
Cash & Near Cash 546.00 482.00 510.20 1,496.30 267.00
Cash 45.31% 43.62% 20.89% 68.07% 13.17%
Gross Borrowings 686.00 699.00 778.20 4,085.40 672.40
Gross Gearing 56.93% 63.26% 31.87% 185.84% 33.16%
Borrowings Under 5 years 686.00 699.00 778.20 4,085.40 672.40
Under 5 years 56.93% 63.26% 31.87% 185.84% 33.16%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 1,164.00 1,058.00 2,322.20 2,064.80 1,873.40
Net Borrowings £ (Millions) 140.00 217.00 268.00 2,589.10 405.40
Net Gearing 12.03% 20.51% 11.54% 125.39% 21.64%
Cash & Near Cash 546.00 482.00 510.20 1,496.30 267.00
Cash 46.91% 45.56% 21.97% 72.47% 14.25%
Gross Borrowings 686.00 699.00 778.20 4,085.40 672.40
Gross Gearing 58.93% 66.07% 33.51% 197.86% 35.89%
Borrowings Under 5 years 686.00 699.00 778.20 4,085.40 672.40
Under 5 years 58.93% 66.07% 33.51% 197.86% 35.89%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

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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