£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-15 |
Annualisation Factor | 1.0 | 1.0 | n/a | 0.2 | 1.0 |
Dividend Yield | 2.6% | 2.0% | 3.6% | 3.0% | 2.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | 18.3 | 89.3 | n/a | n/a | 128.8 |
PE Ratio - Diluted | 5.6 5.6 |
n/a 95.0 |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Adjusted | 0.1 | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Return on Capital Employed | 7.09% 7.09% |
n/a 1.69% |
n/a n/a |
n/a n/a |
n/a n/a |
Operating Margin | 6.57% 6.57% |
0.28% 2.01% |
(16.01%) (16.76%) |
(35.14%) (33.40%) |
(34.82%) (2.78%) |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 18.3 | 89.3 | n/a | n/a | 128.8 |
PE Ratio - Diluted | 5.6 5.6 |
n/a 95.0 |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Adjusted | 0.1 | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-15 |
Net Gearing | 3.50% | 1.18% | (8.24%) | (5.96%) | 10.08% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-15 |
Price/Book Value | n/a | n/a | n/a | n/a | n/a |
Price/Tangible Book Value | n/a | n/a | n/a | n/a | n/a |
Price/ Cash Flow | n/a | n/a | n/a | n/a | n/a |
Price/Revenue | n/a | n/a | n/a | n/a | n/a |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 480.39p | 408.61p | 416.25p | 469.49p | 512.25p |
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-15 |
Continuing Operations | |||||
Revenue | 929.10 | 725.80 | 5.27 | 125.06 | 810.50 |
EBITDA | 103.00 103.00 |
39.40 52.00 |
(0.46) (0.50) |
(34.08) (31.91) |
(282.20) (22.50) |
Depreciation | (42.00) (42.00) |
(37.40) (37.40) |
(0.39) (0.39) |
(9.87) (9.87) |
n/a n/a |
Net Interest | (10.40) (10.40) |
(1.70) (1.70) |
(0.02) (0.02) |
(0.60) (0.60) |
(6.80) (6.80) |
Profit Before Tax | 50.00 50.00 |
(2.40) 10.20 |
(0.86) (0.90) |
(44.55) (6.83) |
(289.20) (29.50) |
Revenue per Share | 585.81p | 452.78p | 3.27p | 76.30p | 548.38p |
Pre-Tax Profit per Share | 31.53p 31.53p |
(1.50p) 6.36p |
(0.54p) (0.56p) |
(27.18p) (4.17p) |
(195.67p) (19.96p) |
Market Capitalisation £ (Millions) | 483.27 | 550.90 | 272.48 | 371.45 | 444.29 |
Enterprise Value (EV) £ (Millions) | 560.87 | 590.20 | 308.28 | 412.05 | 580.29 |
EBITDA/EV | 18.36% 18.36% |
6.68% 8.81% |
(0.15%) (0.16%) |
(8.27%) (7.74%) |
(48.63%) (3.88%) |
Operating Margin | 6.57% 6.57% |
0.28% 2.01% |
(16.01%) (16.76%) |
(35.14%) (33.40%) |
(34.82%) (2.78%) |
Capital Employed £ (Millions) | 851.90 | 705.10 | 719.50 | 830.70 | 949.40 |
Return on Capital Employed | 7.09% 7.09% |
n/a 1.69% |
n/a n/a |
n/a n/a |
n/a n/a |
Invested Equity Capital £ (Millions) | 964.90 | 855.30 | 881.70 | 980.20 | 1,164.70 |
Earnings per Share - Basic | 73.80¢ 73.83¢ |
(2.80¢) 4.99¢ |
(53.20¢) (55.21¢) |
(143.20¢) (28.00¢) |
(156.10¢) (23.21¢) |
Earnings per Share - Diluted | 70.00¢ 69.99¢ |
(2.80¢) 4.70¢ |
(53.20¢) (53.26¢) |
(143.20¢) (27.21¢) |
(156.10¢) (23.19¢) |
Earnings per Share - Adjusted | 21.40¢ | 5.00¢ | (27.10)¢ | (10.00)¢ | 3.10¢ |
Earnings per Share Growth - Basic | n/a 1,379% |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a 1,388% |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | 328% | n/a | n/a | n/a | -97% |
PE Ratio - Diluted | 5.6 5.6 |
n/a 95.0 |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | (136.36%) | 433.33% | (4.91%) | (6.82%) | 20.00% |
Dividend Cover | 2.14 7.38 |
0.56 0.55 |
(3.39) (6.90) |
(1.11) (3.11) |
0.39 (2.90) |
Interest Cover | 5.42 5.42 |
0.49 3.17 |
(23.43) (24.54) |
(49.68) (6.77) |
(27.63) (1.92) |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 73.80¢ 73.83¢ |
(2.80¢) 4.99¢ |
(0.54¢) (0.56¢) |
(28.61¢) (5.59¢) |
(153.30¢) (30.79¢) |
Earnings per Share - Diluted | 70.00¢ 69.99¢ |
(2.80¢) 4.70¢ |
(0.54¢) (0.54¢) |
(28.61¢) (5.44¢) |
(153.30¢) (30.76¢) |
Earnings per Share - Adjusted | 21.40¢ | 5.00¢ | (0.27¢) | (2.00¢) | 3.10¢ |
Earnings per Share Growth - Basic | n/a 1,379% |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Diluted | n/a 1,388% |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Earnings per Share Growth - Adjusted | 328% | n/a | n/a | n/a | -97% |
PE Ratio - Diluted | 5.6 5.6 |
n/a 95.0 |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a 0.0 |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | 2.14 7.38 |
0.56 0.55 |
(0.03) (0.07) |
(0.22) (0.62) |
0.39 (3.85) |
Return on Equity (ROE) | 12.14% 12.14% |
(0.54%) 0.94% |
(0.10%) (0.10%) |
(4.78%) (0.94%) |
(19.46%) (3.91%) |
Operating Cash Flow per Share | 31.08p | (22.96p) | 17.74p | 31.12p | 96.28p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 10.66p | (47.16p) | 0.040p | (3.51p) | (12.18p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 10.00¢ | 9.00¢ | 8.00¢ | 9.00¢ | 8.00¢ |
Dividend per Share Growth | 11.11% | 12.50% | (11.11%) | 12.50% | (74.19%) |
Dividend Yield | 2.6% | 2.0% | 3.6% | 3.0% | 2.0% |
Shareholders Funds | 953.80 | 844.60 | 869.90 | 964.40 | 1,141.90 |
Net Borrowings £ (Millions) | 33.40 | 10.00 | (71.70) | (57.50) | 115.10 |
Net Asset Value per Share (inc. Intangibles) | 478.31p | 407.61p | 415.38p | 462.05p | 494.52p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-15 |
Shareholders' Funds inc Intangibles | 953.80 | 844.60 | 869.90 | 964.40 | 1,141.90 |
Net Borrowings £ (Millions) | 33.40 | 10.00 | (71.70) | (57.50) | 115.10 |
Net Gearing | 3.50% | 1.18% | (8.24%) | (5.96%) | 10.08% |
Cash & Near Cash | 45.50 | 29.40 | 108.40 | 102.90 | 54.40 |
Cash | 4.77% | 3.48% | 12.46% | 10.67% | 4.76% |
Gross Borrowings | 78.90 | 39.40 | 36.70 | 45.40 | 169.50 |
Gross Gearing | 8.27% | 4.66% | 4.22% | 4.71% | 14.84% |
Borrowings Under 5 years | 78.90 | 39.40 | 36.70 | 45.40 | 169.50 |
Under 5 years | 8.27% | 4.66% | 4.22% | 4.71% | 14.84% |
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-15 |
Shareholders' Funds exc Intangibles | 758.60 | 653.40 | 669.60 | 757.30 | 730.90 |
Net Borrowings £ (Millions) | 33.40 | 10.00 | (71.70) | (57.50) | 115.10 |
Net Gearing | 4.40% | 1.53% | (10.71%) | (7.59%) | 15.75% |
Cash & Near Cash | 45.50 | 29.40 | 108.40 | 102.90 | 54.40 |
Cash | 6.00% | 4.50% | 16.19% | 13.59% | 7.44% |
Gross Borrowings | 78.90 | 39.40 | 36.70 | 45.40 | 169.50 |
Gross Gearing | 10.40% | 6.03% | 5.48% | 5.99% | 23.19% |
Borrowings Under 5 years | 78.90 | 39.40 | 36.70 | 45.40 | 169.50 |
Under 5 years | 10.40% | 6.03% | 5.48% | 5.99% | 23.19% |
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) | |
Cover | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 31-Dec-20 | 31-Dec-15 |
Quick Ratio | 1.32 | 1.60 | 2.74 | 2.88 | 1.32 |
Current Ratio | 2.78 | 3.26 | 4.81 | 6.29 | 3.19 |
* 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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