Phoenix Group Holdings (PHNX)

Sector:

Insurance

Index:

FTSE 100

491.40p
   
  • Change Today:
    -7.60p
  • 52 Week High: 561.80
  • 52 Week Low: 441.60
  • Currency: UK Pounds
  • Shares Issued: 1,001.56m
  • Volume: 2,065,616
  • Market Cap: £4,921.68m

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 9.8% 8.3% 7.5% 6.8% 6.2%
           
Continuing Operations          
PE Ratio - Basic n/a
14.2		 n/a
18.1		 n/a
8.0		 7.6
6.3		 86.1
63.4
PE Ratio - Diluted n/a
14.2		 n/a
18.1		 n/a
8.1		 7.7
6.3		 87.1
63.6
PE Ratio - Adjusted 16.4 24.6 8.2 7.6 86.1
PEG - Basic n/a
1.2		 n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a
PEG - Diluted n/a
1.2		 n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a
PEG - Adjusted 0.5 n/a n/a 0.0 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 5.72%
15.28%		 (75.05%)
(16.84%)		 (2.52%)
17.60%		 31.96%
31.96%		 8.70%
8.70%
           
Continuing & Discontinued Operations          
PE Ratio - Basic n/a
16.4		 n/a
24.6		 n/a
816.5		 7.6
6.3		 86.1
63.4
PE Ratio - Diluted n/a
16.4		 n/a
24.6		 n/a
818.9		 7.7
6.3		 87.1
63.6
PE Ratio - Adjusted 16.4 24.6 817.1 7.6 86.1
PEG - Basic n/a
0.5		 n/a
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a
PEG - Diluted n/a
0.5		 n/a
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a
PEG - Adjusted 0.5 0.0 n/a 0.0 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 n/a n/a (82.34%) (90.19%) (47.29%)

  £ (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 3.5 3.1 3.0 2.2 3.3
Price/Tangible Book Value 11.4 6.7 5.2 3.3 6.7
Price/ Cash Flow (6.2) 7.0 (6.4) 0.9 79.3
Price/Revenue 1.10 1.18 86.63 1.26 1.34
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 150.95p 193.99p 220.84p 311.73p 224.17p
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 4,861.00 5,142.00 75.25 4,706.00 4,038.00
Net Interest (258.00)
(258.00)		 (230.00)
(230.00)		 (2.44)
(2.44)		 (234.00)
(234.00)		 (0.16)
(0.16)
Profit Before Tax 20.00
485.00		 (4,089.00)
(1,096.00)		 (4.34)
10.80		 1,270.00
1,270.00		 351.00
351.00
           
Revenue per Share 485.61p 514.72p 7.54p 557.58p 560.83p
Pre-Tax Profit per Share 2.00p
48.45p		 (409.31p)
(109.71p)		 (0.43p)
1.08p		 150.47p
150.47p		 48.75p
48.75p
Market Capitalisation £ (Millions) 5,360.23 6,088.15 6,528.73 7,000.62 748.42
Enterprise Value (EV) £ (Millions) 9,326.23 10,160.15 (93,908.27) (97,803.38) 2,951.42
EBITDA/EV 3.21%
8.19%		 (37.79%)
(8.34%)		 n/a
(0.02%)		 (1.57%)
(1.57%)		 11.90%
11.90%
Operating Margin 5.72%
15.28%		 (75.05%)
(16.84%)		 (2.52%)
17.60%		 31.96%
31.96%		 8.70%
8.70%
Capital Employed £ (Millions) 5,889.00 6,503.00 8,162.00 8,600.00 5,018.00
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) 2,908.00 3,704.00 5,815.00 8,355.00 5,986.00
           
Earnings per Share - Basic (13.80p)
37.66p		 (274.90p)
33.63p		 (86.40p)
81.36p		 91.80p
111.85p		 8.70p
11.81p
Earnings per Share - Diluted (13.80p)
37.66p		 (274.90p)
33.63p		 (86.40p)
81.12p		 91.50p
111.85p		 8.60p
11.77p
Earnings per Share - Adjusted 32.70p 24.70p 79.20p 91.80p 8.70p
Earnings per Share Growth - Basic n/a
12%		 n/a
-59%		 n/a
-27%		 955%
847%		 -87%
-83%
Earnings per Share Growth - Diluted n/a
12%		 n/a
-58%		 n/a
-28%		 964%
850%		 -87%
-83%
Earnings per Share Growth - Adjusted 32% -69% -14% 955% -87%
PE Ratio - Diluted n/a
14.2		 n/a
18.1		 n/a
8.1		 7.7
6.3		 87.1
63.6
PEG - Diluted n/a
1.2		 n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a
Tax Rate 790.00% 32.84% (64.88%) 25.67% 66.95%
Dividend Cover 0.62
0.72		 0.49
0.66		 1.62
1.66		 1.93
2.35		 0.19
0.25
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (13.80p)
32.67p		 (274.90p)
24.73p		 (0.87p)
0.80p		 91.80p
111.85p		 8.70p
11.81p
Earnings per Share - Diluted (13.80p)
32.67p		 (274.90p)
24.73p		 (0.87p)
0.80p		 91.50p
111.85p		 8.60p
11.77p
Earnings per Share - Adjusted 32.70p 24.70p 0.80p 91.80p 8.70p
Earnings per Share Growth - Basic n/a
32%		 n/a
2,990%		 n/a
-99%		 955%
847%		 -48%
-31%
Earnings per Share Growth - Diluted n/a
32%		 n/a
3,000%		 n/a
-99%		 964%
850%		 -48%
-32%
Earnings per Share Growth - Adjusted 32% 2,990% -99% 955% -48%
PE Ratio - Diluted n/a
16.4		 n/a
24.6		 n/a
818.9		 7.7
6.3		 87.1
63.6
PEG - Diluted n/a
0.5		 n/a
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a
Dividend Cover 0.62
0.62		 0.49
0.49		 0.02
0.02		 1.93
2.35		 0.19
0.25
Return on Equity (ROE) (4.75%)
11.24%		 (74.14%)
6.67%		 (0.15%)
0.14%		 11.30%
11.30%		 1.42%
1.42%
Operating Cash Flow per Share (86.21p) 86.69p (102.20p) 800.24p 9.44p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (165.03p) (31.63p) (1.83p) 773.93p (63.89p)
Dividend per Share 52.65p 50.80p 48.90p 47.50p 46.80p
Dividend per Share Growth 3.64% 3.89% 2.95% 1.50% 1.74%
Dividend Yield 9.8% 8.3% 7.5% 6.8% 6.2%
Shareholders Funds 2,496.00 3,211.00 5,815.00 7,037.00 4,785.00
Net Borrowings £ (Millions) (3,202.00) (4,767.00) (4,788.00) (6,347.00) (2,263.00)
Net Asset Value per Share (inc. Intangibles) 46.75p 91.29p 125.25p 212.80p 111.94p

  £ (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 2,496.00 3,211.00 5,815.00 7,037.00 4,785.00
Net Borrowings £ (Millions) (3,202.00) (4,767.00) (4,788.00) (6,347.00) (2,263.00)
Net Gearing n/a n/a (82.34%) (90.19%) (47.29%)
Cash & Near Cash 7,168.00 8,839.00 9,112.00 10,998.00 4,466.00
Cash 287.18% 275.27% 156.70% 156.29% 93.33%
Gross Borrowings 3,966.00 4,072.00 4,324.00 4,651.00 2,203.00
Gross Gearing 155.93% 126.81% 74.36% 66.09% 46.04%
Borrowings Under 5 years 3,966.00 4,072.00 4,324.00 4,651.00 2,203.00
Under 5 years 158.89% 126.81% 74.36% 66.09% 46.04%
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 468.00 912.00 1,250.00 1,796.00 806.00
Net Borrowings £ (Millions) (3,202.00) (4,767.00) (4,788.00) (6,347.00) (2,263.00)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 7,168.00 8,839.00 9,112.00 10,998.00 4,466.00
Cash 1,531.62% 969.19% 728.96% 612.36% 554.09%
Gross Borrowings 3,966.00 4,072.00 4,324.00 4,651.00 2,203.00
Gross Gearing 831.62% 446.49% 345.92% 258.96% 273.33%
Borrowings Under 5 years 3,966.00 4,072.00 4,324.00 4,651.00 2,203.00
Under 5 years 847.44% 446.49% 345.92% 258.96% 273.33%
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: 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.

 

Top of Page