£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-09 |
Annualisation Factor | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | n/a | n/a | n/a | n/a | n/a |
PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Adjusted | n/a | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Return on Capital Employed | 37.36% 38.19% |
22.04% 24.83% |
15.79% 16.40% |
10.74% 9.45% |
n/a 9.62% |
Operating Margin | 28.95% 29.59% |
18.02% 20.30% |
13.24% 13.74% |
10.02% 8.82% |
(1.79%) 7.38% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | n/a | n/a | n/a | n/a | n/a |
PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Adjusted | n/a | n/a | n/a | n/a | n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-09 |
Net Gearing | n/a | (33.14%) | (28.36%) | (40.92%) | (30.39%) |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-09 |
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) | 143.83p | 96.16p | 79.35p | 78.09p | 49.57p |
Net Cash per Share | 22.25p | 11.13p | 9.17p | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-09 |
Continuing Operations | |||||
Revenue | 137.13 | 86.30 | 68.71 | 54.68 | 41.50 |
EBITDA | 48.00 48.88 |
22.93 24.91 |
15.07 15.42 |
10.29 9.63 |
4.02 7.83 |
Depreciation | (8.30) (8.30) |
(7.39) (7.39) |
(5.97) (5.97) |
(4.80) (4.80) |
(4.76) (4.76) |
Net Interest | 0.39 0.39 |
0.15 0.15 |
0.03 0.03 |
(0.05) (0.05) |
0.08 0.08 |
Profit Before Tax | 40.09 40.97 |
15.70 17.67 |
9.13 9.47 |
5.43 4.77 |
(0.66) 3.14 |
Revenue per Share | 186.18p | 119.61p | 96.94p | 86.78p | 67.15p |
Pre-Tax Profit per Share | 54.43p 55.62p |
21.76p 24.49p |
12.88p 13.36p |
8.62p 7.57p |
(1.07p) 5.09p |
Market Capitalisation £ (Millions) | n/a | n/a | n/a | n/a | n/a |
Enterprise Value (EV) £ (Millions) | (22.44) | (3.77) | 0.41 | 1.33 | 0.39 |
EBITDA/EV | (213.90%) (217.83%) |
(608.33%) (660.64%) |
3,712.32% 3,797.54% |
771.64% 722.13% |
1,020.56% 1,986.04% |
Operating Margin | 28.95% 29.59% |
18.02% 20.30% |
13.24% 13.74% |
10.02% 8.82% |
(1.79%) 7.38% |
Capital Employed £ (Millions) | 106.26 | 70.55 | 57.60 | 51.04 | 31.84 |
Return on Capital Employed | 37.36% 38.19% |
22.04% 24.83% |
15.79% 16.40% |
10.74% 9.45% |
n/a 9.62% |
Invested Equity Capital £ (Millions) | 110.37 | 74.41 | 61.85 | 54.97 | 37.23 |
Earnings per Share - Basic | 43.30p 45.27p |
17.50p 19.85p |
10.80p 10.11p |
6.30p 5.77p |
0.100p 4.53p |
Earnings per Share - Diluted | 41.60p 43.50p |
16.90p 19.21p |
10.40p 9.70p |
6.10p 5.56p |
0.100p 4.52p |
Earnings per Share - Adjusted | 44.90p | 20.70p | 11.20p | 6.50p | 3.30p |
Earnings per Share Growth - Basic | 147% 128% |
62% 96% |
71% 75% |
6,200% 27% |
-98% -29% |
Earnings per Share Growth - Diluted | 146% 126% |
62% 98% |
70% 74% |
6,000% 23% |
-98% -28% |
Earnings per Share Growth - Adjusted | 117% | 85% | 72% | 97% | -13% |
PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Tax Rate | 20.52% | 19.57% | 15.89% | 26.55% | 108.79% |
Dividend Cover | 5.61 5.66 |
5.18 4.96 |
3.73 3.37 |
2.60 2.31 |
1.32 1.81 |
Interest Cover | 729.85 745.87 |
476.79 536.55 |
148.19 153.77 |
60.03 52.86 |
(17.33) 88.33 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 43.30p 45.27p |
17.50p 19.85p |
10.80p 10.11p |
6.30p 5.77p |
0.100p 4.53p |
Earnings per Share - Diluted | 41.60p 43.50p |
16.90p 19.21p |
10.40p 9.70p |
6.10p 5.56p |
0.100p 4.52p |
Earnings per Share - Adjusted | 44.90p | 20.70p | 11.20p | 6.50p | 3.30p |
Earnings per Share Growth - Basic | 147% 128% |
62% 96% |
71% 75% |
6,200% 27% |
-98% -29% |
Earnings per Share Growth - Diluted | 146% 126% |
62% 98% |
70% 74% |
6,000% 23% |
-98% -28% |
Earnings per Share Growth - Adjusted | 117% | 85% | 72% | 97% | -13% |
PE Ratio - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
PEG - Diluted | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Dividend Cover | 5.61 5.66 |
5.18 4.96 |
3.73 3.37 |
2.60 2.31 |
1.32 1.81 |
Return on Equity (ROE) | 28.87% 30.21% |
16.97% 19.25% |
12.41% 11.59% |
7.26% 6.61% |
0.16% 7.52% |
Operating Cash Flow per Share | 61.22p | 27.57p | 18.04p | 8.77p | 11.29p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 8.17p | 10.12p | (6.94p) | 18.81p | (0.084p) |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 8.00p | 4.00p | 3.00p | 2.50p | 2.50p |
Dividend per Share Growth | 100.00% | 33.33% | 20.00% | n/a | n/a |
Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Shareholders Funds | 110.04 | 74.12 | 61.37 | 54.28 | 36.46 |
Net Borrowings £ (Millions) | (31.14) | (24.56) | (17.40) | (21.63) | (11.08) |
Net Asset Value per Share (inc. Intangibles) | 143.83p | 96.16p | 79.35p | 78.09p | 49.57p |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-09 |
Shareholders' Funds inc Intangibles | 110.04 | 74.12 | 61.37 | 54.28 | 36.46 |
Net Borrowings £ (Millions) | (31.14) | (24.56) | (17.40) | (21.63) | (11.08) |
Net Gearing | n/a | (33.14%) | (28.36%) | (40.92%) | (30.39%) |
Cash & Near Cash | 31.49 | 25.45 | 18.27 | 23.34 | 11.52 |
Cash | 28.61% | 34.33% | 29.78% | 43.01% | 31.60% |
Gross Borrowings | 0.35 | 0.88 | 0.87 | 1.71 | 0.44 |
Gross Gearing | n/a | 1.19% | 1.42% | 2.09% | 1.21% |
Borrowings Under 5 years | 0.35 | 0.88 | 0.87 | 1.71 | 0.44 |
Under 5 years | 0.32% | 1.19% | 1.42% | 3.16% | 1.21% |
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-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-09 |
Shareholders' Funds exc Intangibles | 105.93 | 69.38 | 56.24 | 49.21 | 30.64 |
Net Borrowings £ (Millions) | (31.14) | (24.56) | (17.40) | (21.63) | (11.08) |
Net Gearing | n/a | (35.40%) | (30.94%) | (45.13%) | (36.17%) |
Cash & Near Cash | 31.49 | 25.45 | 18.27 | 23.34 | 11.52 |
Cash | 29.72% | 36.67% | 32.49% | 47.44% | 37.61% |
Gross Borrowings | 0.35 | 0.88 | 0.87 | 1.71 | 0.44 |
Gross Gearing | n/a | 1.27% | 1.55% | 2.31% | 1.44% |
Borrowings Under 5 years | 0.35 | 0.88 | 0.87 | 1.71 | 0.44 |
Under 5 years | 0.33% | 1.27% | 1.55% | 3.48% | 1.44% |
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-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-09 |
Quick Ratio | 3.14 | 3.15 | 2.36 | 2.70 | 2.09 |
Current Ratio | 3.83 | 4.12 | 3.35 | 3.57 | 2.91 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
You are here: research