Pearson (PSON)

Sector:

Media

Index:

FTSE 100

1,201.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 1,217.50
  • 52 Week Low: 919.60
  • Currency: UK Pounds
  • Shares Issued: 666.22m
  • Volume: 1,147,040
  • Market Cap: £8,001m
  • RiskGrade: 238
  • Beta: 0.54

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend7.00p6.60p6.30p6.00p6.00p
Final Dividend15.70p14.90p14.20p13.50p13.50p
Total Dividend22.70p21.50p20.50p19.50p19.50p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 3,674.00 3,841.00 3,428.00 3,397.00 3,869.00
Operating Profit/(Loss) 497.00 270.00 182.00 406.00 221.00
Net Interest (5.00) 52.00 (6.00) (57.00) (43.00)
Profit Before Tax 493.00 323.00 177.00 354.00 232.00
Profit After Tax 380.00 244.00 178.00 310.00 266.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 380.00 244.00 178.00 310.00 266.00
Attributable to:          
Equity Holders of Parent Company 378.00 242.00 177.00 310.00 264.00
Minority Interests 2.00 2.00 1.00 n/a 2.00
           
Continuing EPS          
Earnings per Share - Basic 53.10p 32.80p 23.50p 41.00p 34.00p
Earnings per Share - Diluted 52.70p 32.60p 23.30p 41.00p 34.00p
Earnings per Share - Adjusted 58.20p 51.80p 34.90p 41.00p 34.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 53.10p 32.80p 23.50p 41.00p 34.00p
Earnings per Share - Diluted 52.70p 32.60p 23.30p 41.00p 34.00p
Earnings per Share - Adjusted 58.20p 51.80p 34.90p 41.00p 34.00p
           
Dividend per Share 22.70p 21.50p 20.50p 19.50p 19.50p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 217.00 250.00 366.00 515.00 618.00
Intangible Assets 3,091.00 3,177.00 2,769.00 2,742.00 2,900.00
Investment Properties 79.00 60.00 n/a n/a n/a
Investments 22.00 25.00 24.00 6.00 7.00
Other Financial Assets 175.00 176.00 143.00 183.00 151.00
Other Non-Current Assets 710.00 818.00 820.00 665.00 801.00
  4,294.00 4,506.00 4,122.00 4,111.00 4,477.00
Current Assets          
Inventories 91.00 105.00 98.00 129.00 169.00
Trade & Other Receivables 1,050.00 1,139.00 1,257.00 1,118.00 1,275.00
Cash at Bank & in Hand 312.00 558.00 937.00 1,097.00 437.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 978.00 1,000.00 922.00 923.00 895.00
  2,431.00 2,802.00 3,214.00 3,267.00 2,776.00
           
Other Assets 2.00 16.00 7.00 73.00 397.00
Total Assets 6,727.00 7,324.00 7,343.00 7,451.00 7,650.00
           
Liabilities          
Current Liabilities          
Borrowings 67.00 86.00 155.00 254.00 92.00
Other Current Liabilities 1,337.00 1,393.00 1,425.00 1,317.00 1,400.00
  1,404.00 1,479.00 1,580.00 1,571.00 1,492.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,094.00 1,144.00 1,245.00 1,397.00 1,572.00
Provisions 61.00 51.00 47.00 70.00 61.00
Other Non-Current Liabilities 180.00 235.00 191.00 205.00 202.00
  1,335.00 1,430.00 1,483.00 1,672.00 1,835.00
           
Other Liabilities n/a n/a n/a 74.00 n/a
Total Liabilities 2,739.00 2,909.00 3,063.00 3,317.00 3,327.00
           
Net Assets 3,988.00 4,415.00 4,280.00 4,134.00 4,323.00
           
Capital & Reserves          
Share Capital 174.00 179.00 189.00 188.00 195.00
Share Premium Account 2,642.00 2,633.00 2,626.00 2,620.00 2,614.00
Other Reserves (19.00) (15.00) (12.00) (7.00) (24.00)
Retained Earnings 1,177.00 1,605.00 1,467.00 1,324.00 1,528.00
Shareholders Funds 3,974.00 4,402.00 4,270.00 4,125.00 4,313.00
           
Minority Interests/Other Equity 14.00 13.00 10.00 9.00 10.00
Total Equity 3,988.00 4,415.00 4,280.00 4,134.00 4,323.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 525.00 361.00 326.00 389.00 369.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (301.00) 13.00 (80.00) 591.00 (325.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (458.00) (768.00) (422.00) (301.00) (135.00)
Net Increase/Decrease In Cash (234.00) (394.00) (176.00) 679.00 (91.00)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 16.6 18.1 17.6 16.6 18.7
PEG - Adjusted 1.4 0.4 n/a 0.8 n/a
Earnings per Share Growth - Adjusted 12% 48% -15% 21% -52%
Dividend Cover 2.56 2.41 1.70 2.10 1.74
Revenue per Share 516.37p 520.39p 4.59p 449.70p 497.94p
Pre-Tax Profit per Share 69.29p 43.76p 0.24p 46.86p 29.86p
Operating Margin 13.53% 7.03% 5.31% 11.95% 5.71%
Return on Capital Employed 23.50% 10.76% 0.06% 13.20% 8.74%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.6 18.1 1,740.7 16.6 18.7
PEG - Adjusted 1.4 0.0 n/a 0.8 n/a
Earnings per Share Growth - Adjusted 12% 14,604% -99% 21% -52%
Dividend Cover 2.56 2.41 0.02 2.10 1.74
           
Dividend Yield 2.4% 2.3% 3.3% 2.9% 3.1%
Dividend per Share Growth 5.58% 4.88% 5.13% n/a 5.41%
Operating Cash Flow per Share 73.79p 48.91p 43.23p 51.50p 47.49p
Cash Incr/Decr per Share (32.89p) (53.38p) (0.24p) 89.89p (11.71p)
Net Asset Value per Share (exc. Intangibles) 126.07p 167.73p 200.37p 184.27p 183.14p
Net Gearing 21.36% 15.27% 10.84% 13.43% 28.45%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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: Forecast figures based on normalised accounts.

 

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