Greencoat UK Wind (UKW)

Sector:

Investment Firms

Index:

FTSE 250

132.50p
   
  • Change Today:
    -0.60p
  • 52 Week High: 151.70p
  • 52 Week Low: 127.30p
  • Currency: UK Pounds
  • Shares Issued: 2,264.36m
  • Volume: 4,194,832
  • Market Cap: £3,000.27m

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 6.6% 5.1% 5.1% 5.3% 4.6%
           
Continuing Operations          
PE Ratio - Adjusted 27.8 3.7 7.7 20.5 47.9
PE Ratio - Diluted 27.8
27.8		 3.7
3.7		 7.7
7.7		 20.5
20.5		 47.9
47.9
PEG - Adjusted n/a 0.0 0.0 0.2 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 0.0
0.0		 0.2
0.2		 n/a
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 45.89%
45.89%		 170.95%
170.95%		 93.41%
93.41%		 81.90%
81.90%		 75.14%
75.14%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 27.8 3.7 761.1 20.5 47.9
PE Ratio - Diluted 27.8
27.8		 3.7
3.7		 761.1
761.2		 20.5
20.5		 47.9
47.9
PEG - Adjusted n/a 0.0 n/a 0.2 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.2
0.2		 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 46.61% 27.89% 30.55% 48.98% 32.56%

  £ (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 0.9 0.9 0.9 1.0 1.1
Price/Tangible Book Value 0.9 0.9 0.9 1.0 1.1
Price/ Cash Flow 9.8 6.5 11.5 17.4 15.3
Price/Revenue 8.31 6.10 655.64 13.85 23.49
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 163.69p 167.12p 155.87p 139.88p 133.52p
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 422.72 577.16 4.26 154.30 88.27
EBITDA 193.98
193.98		 986.64
986.64		 3.98
3.98		 126.38
126.38		 66.32
66.32
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Net Interest (67.40)
(67.40)		 (32.78)
(32.78)		 (0.31)
(0.31)		 (21.37)
(21.37)		 (23.03)
(23.03)
Profit Before Tax 126.58
126.58		 953.86
953.86		 3.67
3.67		 105.01
105.01		 43.29
43.29
           
Revenue per Share 18.24p 24.90p 0.21p 9.68p 6.40p
Pre-Tax Profit per Share 5.46p
5.46p		 41.16p
41.16p		 0.18p
0.18p		 6.59p
6.59p		 3.14p
3.14p
Market Capitalisation £ (Millions) 3,502.88 3,249.90 3,257.84 2,445.12 2,279.70
Enterprise Value (EV) £ (Millions) 5,292.88 4,349.90 4,207.84 3,545.12 2,879.70
EBITDA/EV 3.66%
3.66%		 22.68%
22.68%		 0.09%
0.09%		 3.56%
3.56%		 2.30%
2.30%
Operating Margin 45.89%
45.89%		 170.95%
170.95%		 93.41%
93.41%		 81.90%
81.90%		 75.14%
75.14%
Capital Employed £ (Millions) 5,584.00 4,973.23 4,043.70 3,329.87 2,442.77
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) 3,794.00 3,873.23 3,093.70 2,229.87 1,842.77
           
Earnings per Share - Basic 5.44p
5.44p		 41.16p
41.16p		 18.30p
18.30p		 6.55p
6.55p		 3.14p
3.14p
Earnings per Share - Diluted 5.44p
5.44p		 41.16p
41.16p		 18.30p
18.30p		 6.55p
6.55p		 3.14p
3.14p
Earnings per Share - Adjusted 5.44p 41.16p 18.30p 6.55p 3.14p
Earnings per Share Growth - Basic -87%
-87%		 125%
125%		 179%
179%		 109%
109%		 -83%
-83%
Earnings per Share Growth - Diluted -87%
-87%		 125%
125%		 179%
179%		 109%
109%		 -83%
-83%
Earnings per Share Growth - Adjusted -87% 125% 179% 109% -83%
PE Ratio - Diluted 27.8
27.8		 3.7
3.7		 7.7
7.7		 20.5
20.5		 47.9
47.9
PEG - Diluted n/a
n/a		 0.0
0.0		 0.0
0.0		 0.2
0.2		 n/a
n/a
Tax Rate 0.31% n/a n/a 0.58% n/a
Dividend Cover 0.54
0.54		 5.33
5.33		 2.55
2.55		 0.92
0.92		 0.45
0.45
Interest Cover 2.88
2.88		 30.10
30.10		 12.84
12.84		 5.91
5.91		 2.88
2.88
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 5.44p
5.44p		 41.16p
41.16p		 0.18p
0.18p		 6.55p
6.55p		 3.14p
3.14p
Earnings per Share - Diluted 5.44p
5.44p		 41.16p
41.16p		 0.18p
0.18p		 6.55p
6.55p		 3.14p
3.14p
Earnings per Share - Adjusted 5.44p 41.16p 0.18p 6.55p 3.14p
Earnings per Share Growth - Basic -87%
-87%		 22,182%
22,181%		 -97%
-97%		 109%
109%		 -83%
-83%
Earnings per Share Growth - Diluted -87%
-87%		 22,182%
22,181%		 -97%
-97%		 109%
109%		 -83%
-83%
Earnings per Share Growth - Adjusted -87% 22,182% -97% 109% -83%
PE Ratio - Diluted 27.8
27.8		 3.7
3.7		 761.1
761.2		 20.5
20.5		 47.9
47.9
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.2
0.2		 n/a
n/a
Dividend Cover 0.54
0.54		 5.33
5.33		 0.03
0.03		 0.92
0.92		 0.45
0.45
Return on Equity (ROE) 3.33%
3.33%		 24.63%
24.63%		 0.12%
0.12%		 4.68%
4.68%		 2.35%
2.35%
Operating Cash Flow per Share 15.52p 23.55p 12.21p 7.72p 9.81p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.087p 0.65p n/a (1.06p) 1.54p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 10.00p 7.72p 7.18p 7.10p 6.93p
Dividend per Share Growth 29.53% 7.52% 1.13% 2.44% 2.66%
Dividend Yield 6.6% 5.1% 5.1% 5.3% 4.6%
Shareholders Funds 3,794.00 3,873.23 3,093.70 2,229.87 1,842.77
Net Borrowings £ (Millions) 1,768.19 1,080.22 945.20 1,092.11 600.00
Net Asset Value per Share (inc. Intangibles) 163.69p 167.12p 155.87p 139.88p 133.52p

  £ (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 3,794.00 3,873.23 3,093.70 2,229.87 1,842.77
Net Borrowings £ (Millions) 1,768.19 1,080.22 945.20 1,092.11 600.00
Net Gearing 46.61% 27.89% 30.55% 48.98% 32.56%
Cash & Near Cash 21.81 19.78 4.80 7.89 n/a
Cash 0.57% 0.51% 0.16% 0.35% n/a
Gross Borrowings 1,790.00 1,100.00 950.00 1,100.00 600.00
Gross Gearing 47.18% 28.40% 30.71% 49.33% 32.56%
Borrowings Under 5 years 1,790.00 1,100.00 950.00 1,100.00 600.00
Under 5 years 47.18% 28.40% 30.71% 49.33% 32.56%
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 3,794.00 3,873.23 3,093.70 2,229.87 1,842.77
Net Borrowings £ (Millions) 1,768.19 1,080.22 945.20 1,092.11 600.00
Net Gearing 46.61% 27.89% 30.55% 48.98% 32.56%
Cash & Near Cash 21.81 19.78 4.80 7.89 n/a
Cash 0.57% 0.51% 0.16% 0.35% n/a
Gross Borrowings 1,790.00 1,100.00 950.00 1,100.00 600.00
Gross Gearing 47.18% 28.40% 30.71% 49.33% 32.56%
Borrowings Under 5 years 1,790.00 1,100.00 950.00 1,100.00 600.00
Under 5 years 47.18% 28.40% 30.71% 49.33% 32.56%
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 n/a n/a n/a n/a n/a
Current Ratio 0.12 0.14 1.18 1.01 n/a
Interest Cover 2.88
2.88		 30.10
30.10		 12.84
12.84		 5.91
5.91		 2.88
2.88

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.

 

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