Grafton Group Ut (CDI) (GFTU)

Sector:

Support

Index:

FTSE 250

1,060.40p
   
  • Change Today:
      8.20p
  • 52 Week High: 1,087.00p
  • 52 Week Low: 751.00p
  • Currency: UK Pounds
  • Shares Issued: 199.42m
  • Volume: 513,134
  • Market Cap: £2,114.62m
  • RiskGrade: 144

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 4.0% 4.2% 2.5% 2.9% 0.7%
           
Continuing Operations          
PE Ratio - Adjusted 11.7 8.2 13.3 18.3 13.8
PE Ratio - Diluted 13.1
12.9		 8.8
8.8		 14.3
14.0		 20.1
19.5		 14.4
14.4
PEG - Adjusted n/a 2.0 0.2 n/a n/a
PEG - Diluted n/a
n/a		 2.9
4.4		 0.2
0.2		 n/a
n/a		 n/a
n/a
Return on Capital Employed 11.59%
11.79%		 15.23%
14.64%		 0.16%
0.16%		 10.29%
10.55%		 12.78%
12.78%
Operating Margin 7.91%
8.03%		 10.94%
11.04%		 12.76%
12.95%		 9.40%
9.54%		 7.40%
7.40%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.7 8.2 1,313.5 18.3 13.8
PE Ratio - Diluted 13.1
12.9		 8.8
8.8		 858.4
1,388.7		 20.5
19.5		 17.3
17.3
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 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-19
Net Gearing 15.05% (0.51%) (8.09%) 24.19% 39.18%

    (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 2.2 1.9 3.0 3.4 3.4
Price/Tangible Book Value 2.2 1.9 3.0 3.4 3.4
Price/ Cash Flow 7.1 8.5 12.3 7.0 8.8
Price/Revenue 0.84 0.80 138.54 1.31 0.77
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 407.78¢ 409.44¢ 407.64¢ 271.44¢ 252.97¢
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 2,319.24 2,301.48 21.30 1,679.25 2,672.28
EBITDA 183.51
186.24		 251.68
253.99		 3.88
3.92		 247.26
249.60		 197.78
197.78
Depreciation n/a
n/a		 n/a
n/a		 (1.16)
(1.16)		 (89.45)
(89.45)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 (0.20)
(0.20)		 (24.24)
(24.24)		 (25.14)
(25.14)
Profit Before Tax 183.51
186.24		 251.68
253.99		 2.52
2.56		 133.58
137.44		 172.64
172.64
           
Revenue per Share 1,084.76¢ 985.57¢ 8.90¢ 704.44¢ 1,123.82¢
Pre-Tax Profit per Share 85.83¢
87.11¢		 107.78¢
108.77¢		 1.05¢
1.07¢		 56.03¢
57.66¢		 72.60¢
72.60¢
Market Capitalisation   (Millions) 1,877.42 1,765.68 2,953.92 2,209.72 35,124.19
Enterprise Value (EV)   (Millions) 2,306.33 2,464.12 3,653.42 3,002.32 35,990.53
EBITDA/EV 7.96%
8.08%		 10.21%
10.31%		 0.11%
0.11%		 8.24%
8.31%		 0.55%
0.55%
Operating Margin 7.91%
8.03%		 10.94%
11.04%		 12.76%
12.95%		 9.40%
9.54%		 7.40%
7.40%
Capital Employed   (Millions) 1,579.12 1,735.12 1,752.35 1,533.04 1,547.06
Return on Capital Employed 11.59%
11.79%		 15.23%
14.64%		 0.16%
0.16%		 10.29%
10.55%		 12.78%
12.78%
Invested Equity Capital   (Millions) 1,729.89 1,821.78 1,790.86 1,542.04 1,425.55
           
Earnings per Share - Basic 69.60p
70.73p		 89.30p
90.22p		 86.40p
88.13p		 45.90p
47.36p		 60.50p
60.53p
Earnings per Share - Diluted 69.60p
70.72p		 89.20p
90.06p		 86.30p
87.96p		 45.90p
47.34p		 60.30p
60.33p
Earnings per Share - Adjusted 77.90p 96.60p 93.00p 50.30p 62.84p
Earnings per Share Growth - Basic -22%
-22%		 3%
2%		 88%
86%		 -24%
-22%		 -1%
-2%
Earnings per Share Growth - Diluted -22%
-22%		 3%
2%		 88%
86%		 -24%
-22%		 -1%
-2%
Earnings per Share Growth - Adjusted -19% 4% 85% -20% -1%
PE Ratio - Diluted 13.1
12.9		 8.8
8.8		 14.3
14.0		 20.1
19.5		 14.4
14.4
PEG - Diluted n/a
n/a		 2.9
4.4		 0.2
0.2		 n/a
n/a		 n/a
n/a
Tax Rate 18.96% 17.11% 17.19% 18.08% 16.63%
Dividend Cover 2.16
1.96		 2.93
2.73		 3.05
2.89		 1.86
1.75		 9.67
9.31
Interest Cover n/a
n/a		 n/a
n/a		 12.74
12.94		 6.36
6.51		 7.30
7.30
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 69.60p
70.73p		 89.30p
90.22p		 1.44p
0.89p		 45.10p
47.36p		 50.10p
50.14p
Earnings per Share - Diluted 69.60p
70.72p		 89.20p
90.06p		 1.44p
0.89p		 45.10p
47.34p		 50.10p
49.98p
Earnings per Share - Adjusted 77.90p 96.60p 0.94p 50.30p 62.84p
Earnings per Share Growth - Basic -22%
-22%		 6,104%
10,042%		 -97%
-98%		 -10%
-6%		 -21%
-19%
Earnings per Share Growth - Diluted -22%
-22%		 6,110%
10,044%		 -97%
-98%		 -10%
-5%		 -21%
-19%
Earnings per Share Growth - Adjusted -19% 10,190% -98% -20% -1%
PE Ratio - Diluted 13.1
12.9		 8.8
8.8		 858.4
1,388.7		 20.5
19.5		 17.3
17.3
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 2.16
1.96		 2.93
2.73		 0.03
0.03		 1.86
1.75		 9.67
7.71
Return on Equity (ROE) 8.60%
8.74%		 11.45%
11.57%		 0.19%
0.12%		 6.97%
7.32%		 8.36%
8.36%
Operating Cash Flow per Share 127.60¢ 93.07¢ 99.89¢ 132.70¢ 98.19¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (151.96¢) (61.14¢) 1.68¢ 41.30¢ 53.59¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 36.00p 33.00p 30.50p 27.00p 6.50p
Dividend per Share Growth 9.09% 8.20% 12.96% 315.38% (63.89%)
Dividend Yield 4.0% 4.2% 2.5% 2.9% 0.7%
Shareholders Funds 1,655.80 1,745.58 1,719.60 1,467.02 1,362.65
Net Borrowings   (Millions) 249.26 (8.92) (139.04) 354.94 533.84
Net Asset Value per Share (inc. Intangibles) 407.78¢ 409.44¢ 407.64¢ 271.44¢ 252.97¢

    (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 1,655.80 1,745.58 1,719.60 1,467.02 1,362.65
Net Borrowings   (Millions) 249.26 (8.92) (139.04) 354.94 533.84
Net Gearing 15.05% (0.51%) (8.09%) 24.19% 39.18%
Cash & Near Cash 383.94 711.72 844.66 456.03 348.79
Cash 23.19% 40.77% 49.12% 31.09% 25.60%
Gross Borrowings 633.20 702.81 705.63 810.96 882.63
Gross Gearing 38.24% 40.26% 41.03% 55.28% 64.77%
Borrowings Under 5 years 633.20 702.81 705.63 810.96 882.63
Under 5 years 38.24% 40.26% 41.03% 55.28% 64.77%
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 871.84 956.12 975.46 647.05 601.54
Net Borrowings   (Millions) 249.26 (8.92) (139.04) 354.94 533.84
Net Gearing 28.59% (0.93%) (14.25%) 54.85% 88.75%
Cash & Near Cash 383.94 711.72 844.66 456.03 348.79
Cash 44.04% 74.44% 86.59% 70.48% 57.98%
Gross Borrowings 633.20 702.81 705.63 810.96 882.63
Gross Gearing 72.63% 73.51% 72.34% 125.33% 146.73%
Borrowings Under 5 years 633.20 702.81 705.63 810.96 882.63
Under 5 years 72.63% 73.51% 72.34% 125.33% 146.73%
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-19
Quick Ratio 1.73 1.94 1.87 1.28 1.25
Current Ratio 2.46 2.73 2.47 1.79 1.77

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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