City of London Investment Group (CLIG)

Sector:

Financials

Index:

FTSE Small Cap

369.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 442.50
  • 52 Week Low: 301.00
  • Currency: UK Pounds
  • Shares Issued: 50.68m
  • Volume: 5,840
  • Market Cap: £187.01m
  • RiskGrade: 230

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-May-11 31-May-10 31-May-09 31-May-08
Annualisation Factor 1.0 1.0 1.0 1.0
Dividend Yield 5.5% 7.8% 6.6% 5.8%
         
Continuing Operations        
PE Ratio - Adjusted 12.4 9.9 14.2 11.4
PE Ratio - Diluted 12.8
12.8		 10.4
10.2		 15.2
14.3		 12.9
12.9
PEG - Adjusted 0.5 0.1 n/a n/a
PEG - Diluted 0.5
0.6		 0.1
0.1		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 36.37%
36.37%		 34.40%
34.93%		 27.02%
28.21%		 39.50%
39.50%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 12.4 9.9 14.2 11.4
PE Ratio - Diluted 12.8
12.8		 10.4
10.2		 15.2
14.3		 12.9
12.9
PEG - Adjusted 0.5 0.1 n/a n/a
PEG - Diluted 0.5
0.6		 0.1
0.1		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-May-11 31-May-10 31-May-09 31-May-08
Net Gearing n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-May-11 31-May-10 31-May-09 31-May-08
Price/Book Value 7.8 6.7 6.2 8.3
Price/Tangible Book Value 7.8 6.7 6.2 8.3
Price/ Cash Flow 11.3 7.8 16.7 11.0
Price/Revenue 2.98 2.30 2.70 3.28
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 55.59p 41.64p 36.66p 40.15p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-May-11 31-May-10 31-May-09 31-May-08
Continuing Operations        
Revenue 36.49 29.97 20.15 24.88
EBITDA 13.64
13.64		 10.66
10.82		 5.73
5.97		 9.98
9.98
Depreciation (0.37)
(0.37)		 (0.35)
(0.35)		 (0.29)
(0.29)		 (0.16)
(0.16)
Net Interest (0.12)
(0.12)		 0.07
0.07		 (0.06)
(0.06)		 0.87
0.87
Profit Before Tax 13.15
13.15		 10.38
10.54		 5.38
5.62		 10.69
10.69
         
Revenue per Share 145.99p 122.37p 84.51p 102.22p
Pre-Tax Profit per Share 52.60p
52.60p		 42.38p
43.03p		 22.58p
23.58p		 43.94p
43.94p
Market Capitalisation £ (Millions) 116.83 72.97 59.37 84.96
Enterprise Value (EV) £ (Millions) 111.03 69.38 58.94 83.07
EBITDA/EV 12.29%
12.29%		 15.36%
15.59%		 9.73%
10.13%		 12.02%
12.02%
Operating Margin 36.37%
36.37%		 34.40%
34.93%		 27.02%
28.21%		 39.50%
39.50%
Capital Employed £ (Millions) 14.13 10.30 8.74 9.96
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 14.50 10.71 8.74 9.96
         
Earnings per Share - Basic 35.10p
35.08p		 28.50p
29.16p		 16.10p
17.14p		 29.30p
29.32p
Earnings per Share - Diluted 34.00p
33.97p		 26.90p
27.52p		 15.00p
15.97p		 26.00p
26.04p
Earnings per Share - Adjusted 35.10p 28.50p 16.10p 29.30p
Earnings per Share Growth - Basic 23%
20%		 77%
70%		 -45%
-42%		 n/a
n/a
Earnings per Share Growth - Diluted 26%
23%		 79%
72%		 -42%
-39%		 n/a
n/a
Earnings per Share Growth - Adjusted 23% 77% -45% n/a
PE Ratio - Diluted 12.8
12.8		 10.4
10.2		 15.2
14.3		 12.9
12.9
PEG - Diluted 0.5
0.6		 0.1
0.1		 n/a
n/a		 n/a
n/a
Tax Rate 33.31% 32.72% 28.56% 33.28%
Dividend Cover 1.46
1.46		 1.30
1.33		 1.07
1.14		 1.50
1.50
Interest Cover 108.78
108.78		 n/a
n/a		 90.74
94.72		 n/a
n/a
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 35.10p
35.08p		 28.50p
29.16p		 16.10p
17.14p		 29.30p
29.32p
Earnings per Share - Diluted 34.00p
33.96p		 26.90p
27.52p		 15.00p
15.97p		 26.00p
26.04p
Earnings per Share - Adjusted 35.10p 28.50p 16.10p 29.30p
Earnings per Share Growth - Basic 23%
20%		 77%
70%		 -45%
-42%		 n/a
n/a
Earnings per Share Growth - Diluted 26%
23%		 79%
72%		 -42%
-39%		 n/a
n/a
Earnings per Share Growth - Adjusted 23% 77% -45% n/a
PE Ratio - Diluted 12.8
12.8		 10.4
10.2		 15.2
14.3		 12.9
12.9
PEG - Diluted 0.5
0.6		 0.1
0.1		 n/a
n/a		 n/a
n/a
Dividend Cover 1.46
1.46		 1.30
1.33		 1.07
1.14		 1.50
1.50
Return on Equity (ROE) 60.50%
60.50%		 65.18%
66.66%		 44.00%
46.74%		 71.62%
71.62%
Operating Cash Flow per Share 38.51p 36.16p 13.66p 30.39p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 4.57p (0.91p) (3.65p) (4.59p)
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 24.00p 22.00p 15.00p 19.50p
Dividend per Share Growth 9.09% 46.67% (23.08%) n/a
Dividend Yield 5.5% 7.8% 6.6% 5.8%
Shareholders Funds 14.26 10.61 8.74 9.77
Net Borrowings £ (Millions) (6.10) (4.77) (4.72) (5.50)
Net Asset Value per Share (inc. Intangibles) 55.59p 41.64p 36.66p 40.15p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-May-11 31-May-10 31-May-09 31-May-08
Shareholders' Funds inc Intangibles 14.26 10.61 8.74 9.77
Net Borrowings £ (Millions) (6.10) (4.77) (4.72) (5.50)
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 6.10 4.77 4.72 5.50
Cash 42.81% 45.01% 53.98% 56.28%
Gross Borrowings n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-May-11 31-May-10 31-May-09 31-May-08
Shareholders' Funds exc Intangibles 13.90 10.20 8.74 9.77
Net Borrowings £ (Millions) (6.10) (4.77) (4.72) (5.50)
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 6.10 4.77 4.72 5.50
Cash 43.93% 46.81% 53.98% 56.28%
Gross Borrowings n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-May-11 31-May-10 31-May-09 31-May-08
Quick Ratio n/a n/a n/a n/a
Current Ratio 3.27 2.71 3.67 2.41

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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