£ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
Annualisation Factor | 1.0 | 1.0 | 1.0 |
Dividend Yield | 5.0% | 5.1% | 3.7% |
Continuing Operations | |||
PE Ratio - Adjusted | 13.5 | 11.4 | 16.7 |
PE Ratio - Diluted | 20.0 13.8 |
19.0 11.6 |
16.1 16.7 |
PEG - Adjusted | n/a | 0.2 | n/a |
PEG - Diluted | 2.9 n/a |
n/a 0.2 |
n/a n/a |
Return on Capital Employed | 68.35% 92.65% |
67.66% 105.54% |
40.52% 39.08% |
Operating Margin | 23.75% 32.19% |
22.90% 35.73% |
33.07% 31.90% |
Continuing & Discontinued Operations | |||
PE Ratio - Adjusted | 13.5 | 11.4 | 16.7 |
PE Ratio - Diluted | 20.0 13.8 |
19.0 11.6 |
16.1 16.7 |
PEG - Adjusted | n/a | 0.2 | n/a |
PEG - Diluted | 2.9 n/a |
n/a 0.2 |
n/a n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
Net Gearing | (42.04%) | (35.45%) | (68.60%) |
£ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
Price/Book Value | 19.0 | 31.0 | 7.4 |
Price/Tangible Book Value | 19.0 | 31.0 | 7.4 |
Price/ Cash Flow | 11.6 | 8.6 | 16.0 |
Price/Revenue | 3.65 | 3.72 | 4.65 |
Price/R&D | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 23.46p | 12.73p | 50.05p |
Net Cash per Share | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Annualised Fundamentals | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
Continuing Operations | |||
Revenue | 141.33 | 119.15 | 86.07 |
EBITDA | 40.01 51.94 |
32.51 47.79 |
31.95 30.94 |
Depreciation | (6.44) (6.44) |
(5.21) (5.21) |
(3.48) (3.48) |
Net Interest | 0.75 0.75 |
0.03 0.03 |
(0.65) (0.65) |
Profit Before Tax | 34.31 46.24 |
27.32 42.60 |
27.87 26.86 |
Revenue per Share | 121.86p | 105.84p | 79.55p |
Pre-Tax Profit per Share | 29.59p 39.87p |
24.27p 37.84p |
25.76p 24.82p |
Market Capitalisation £ (Millions) | 517.41 | 458.11 | 400.83 |
Enterprise Value (EV) £ (Millions) | 524.11 | 469.56 | 414.35 |
EBITDA/EV | 7.63% 9.91% |
6.92% 10.18% |
7.71% 7.47% |
Operating Margin | 23.75% 32.19% |
22.90% 35.73% |
33.07% 31.90% |
Capital Employed £ (Millions) | 49.11 | 40.34 | 70.39 |
Return on Capital Employed | 68.35% 92.65% |
67.66% 105.54% |
40.52% 39.08% |
Invested Equity Capital £ (Millions) | 102.70 | 90.87 | 60.72 |
Earnings per Share - Basic | 22.80p 33.08p |
21.00p 34.56p |
23.20p 22.24p |
Earnings per Share - Diluted | 22.20p 32.22p |
20.70p 34.04p |
23.00p 22.12p |
Earnings per Share - Adjusted | 32.90p | 34.60p | 22.20p |
Earnings per Share Growth - Basic | 9% -4% |
-10% 55% |
n/a n/a |
Earnings per Share Growth - Diluted | 7% -5% |
-10% 54% |
n/a n/a |
Earnings per Share Growth - Adjusted | -5% | 56% | n/a |
PE Ratio - Diluted | 20.0 13.8 |
19.0 11.6 |
16.1 16.7 |
PEG - Diluted | 2.9 n/a |
n/a 0.2 |
n/a n/a |
Tax Rate | 22.96% | 13.53% | 10.04% |
Dividend Cover | 1.48 1.49 |
1.72 1.72 |
1.61 1.61 |
Interest Cover | 61.84 82.99 |
32.99 50.88 |
43.68 42.13 |
Continuing & Discontinued Operations | |||
Earnings per Share - Basic | 22.80p 33.08p |
21.00p 34.56p |
23.20p 22.24p |
Earnings per Share - Diluted | 22.20p 32.22p |
20.70p 34.04p |
23.00p 22.12p |
Earnings per Share - Adjusted | 32.90p | 34.60p | 22.20p |
Earnings per Share Growth - Basic | 9% -4% |
-10% 55% |
n/a n/a |
Earnings per Share Growth - Diluted | 7% -5% |
-10% 54% |
n/a n/a |
Earnings per Share Growth - Adjusted | -5% | 56% | n/a |
PE Ratio - Diluted | 20.0 13.8 |
19.0 11.6 |
16.1 16.7 |
PEG - Diluted | 2.9 n/a |
n/a 0.2 |
n/a n/a |
Dividend Cover | 1.48 1.49 |
1.72 1.72 |
1.61 1.61 |
Return on Equity (ROE) | 25.74% 37.36% |
26.00% 42.81% |
41.30% 39.63% |
Operating Cash Flow per Share | 38.52p | 45.62p | 23.17p |
Gross Cash Flow per Share | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | 4.52p | (12.90p) | 13.73p |
Capital Expenditure per Share | n/a | n/a | n/a |
Dividend per Share | 22.20p | 20.10p | 13.80p |
Dividend per Share Growth | 10.45% | 45.65% | n/a |
Dividend Yield | 5.0% | 5.1% | 3.7% |
Shareholders Funds | 88.57 | 77.24 | 58.59 |
Net Borrowings £ (Millions) | (37.23) | (27.38) | (40.19) |
Net Asset Value per Share (inc. Intangibles) | 23.46p | 12.73p | 50.05p |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
Shareholders' Funds inc Intangibles | 88.57 | 77.24 | 58.59 |
Net Borrowings £ (Millions) | (37.23) | (27.38) | (40.19) |
Net Gearing | (42.04%) | (35.45%) | (68.60%) |
Cash & Near Cash | 45.00 | 39.76 | 54.29 |
Cash | 50.81% | 51.48% | 92.66% |
Gross Borrowings | 7.77 | 12.38 | 14.10 |
Gross Gearing | 8.77% | 16.03% | 24.06% |
Borrowings Under 5 years | 7.77 | 12.38 | 14.10 |
Under 5 years | 8.77% | 16.03% | 24.06% |
Borrowings Under 1 year | n/a | n/a | n/a |
Under 1 year | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - exc Intangibles | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
Shareholders' Funds exc Intangibles | 27.21 | 14.33 | 54.16 |
Net Borrowings £ (Millions) | (37.23) | (27.38) | (40.19) |
Net Gearing | n/a | n/a | (74.21%) |
Cash & Near Cash | 45.00 | 39.76 | 54.29 |
Cash | 165.40% | 277.51% | 100.25% |
Gross Borrowings | 7.77 | 12.38 | 14.10 |
Gross Gearing | 28.56% | 86.42% | 26.03% |
Borrowings Under 5 years | 7.77 | 12.38 | 14.10 |
Under 5 years | 28.56% | 86.42% | 26.03% |
Borrowings Under 1 year | n/a | n/a | n/a |
Under 1 year | n/a | n/a | n/a |
£ (Millions) | £ (Millions) | £ (Millions) | |
Cover | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
Quick Ratio | n/a | n/a | n/a |
Current Ratio | 1.75 | 1.43 | 2.70 |
* 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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