Relx plc (REL)

Sector:

Media

Index:

FTSE 100

3,586.00p
   
  • Change Today:
      41.00p
  • 52 Week High: 3,725.00
  • 52 Week Low: 3,024.00
  • Currency: UK Pounds
  • Shares Issued: 1,861.74m
  • Volume: 839,129
  • Market Cap: £66,762m
  • RiskGrade: 128
  • Beta: 0.77

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend17.00p15.70p14.30p13.60p13.60p
Final Dividend41.80p38.90p35.50p33.40p32.10p
Total Dividend58.80p15.70p49.80p47.00p45.70p
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 9,161.00 8,553.00 7,244.00 7,110.00 7,874.00
Operating Profit/(Loss) 2,682.00 2,323.00 1,855.00 1,510.00 2,060.00
Net Interest (315.00) (201.00) (142.00) (172.00) (305.00)
Profit Before Tax 2,295.00 2,113.00 1,797.00 1,483.00 1,847.00
Profit After Tax 1,788.00 1,632.00 1,471.00 1,208.00 1,509.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 1,788.00 1,632.00 1,471.00 1,208.00 1,509.00
Attributable to:          
Equity Holders of Parent Company 1,781.00 1,634.00 1,471.00 1,224.00 1,505.00
Minority Interests 7.00 (2.00) n/a (16.00) 4.00
           
Continuing EPS          
Earnings per Share - Basic 94.10p 85.20p 76.30p 63.50p 77.40p
Earnings per Share - Diluted 93.60p 84.70p 75.80p 63.20p 76.90p
Earnings per Share - Adjusted 114.00p 102.20p 87.60p 80.10p 93.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 94.10p 85.20p 76.30p 63.50p 77.40p
Earnings per Share - Diluted 93.60p 84.70p 75.80p 63.20p 76.90p
Earnings per Share - Adjusted 114.00p 102.20p 87.60p 80.10p 93.00p
           
Dividend per Share 58.80p 54.60p 49.80p 47.00p 45.70p
  £ (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 212.00 271.00 292.00 378.00 444.00
Intangible Assets 11,261.00 11,912.00 10,670.00 10,649.00 10,276.00
Investment Properties n/a n/a n/a n/a n/a
Investments 275.00 286.00 212.00 362.00 251.00
Other Financial Assets 47.00 11.00 52.00 n/a n/a
Other Non-Current Assets 248.00 280.00 275.00 482.00 373.00
  12,043.00 12,760.00 11,501.00 11,871.00 11,344.00
Current Assets          
Inventories 318.00 309.00 253.00 240.00 217.00
Trade & Other Receivables 2,323.00 2,405.00 1,960.00 1,927.00 2,067.00
Cash at Bank & in Hand 155.00 334.00 113.00 88.00 138.00
Current Asset Investments 34.00 21.00 n/a n/a n/a
Other Current Assets 34.00 n/a 31.00 19.00 23.00
  2,864.00 3,069.00 2,357.00 2,274.00 2,445.00
           
Other Assets 44.00 n/a n/a n/a n/a
Total Assets 14,917.00 15,829.00 13,858.00 14,145.00 13,789.00
           
Liabilities          
Current Liabilities          
Borrowings 1,313.00 870.00 232.00 847.00 2,060.00
Other Current Liabilities 4,163.00 4,317.00 3,516.00 3,527.00 3,887.00
  5,476.00 5,187.00 3,748.00 4,374.00 5,947.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 5,184.00 5,860.00 5,935.00 6,276.00 4,354.00
Provisions 480.00 605.00 614.00 671.00 615.00
Other Non-Current Liabilities 324.00 423.00 337.00 723.00 683.00
  5,988.00 6,888.00 6,886.00 7,670.00 5,652.00
           
Other Liabilities 14.00 n/a n/a n/a n/a
Total Liabilities 11,478.00 12,075.00 10,634.00 12,044.00 11,599.00
           
Net Assets 3,439.00 3,754.00 3,224.00 2,101.00 2,190.00
           
Capital & Reserves          
Share Capital 275.00 279.00 286.00 286.00 286.00
Share Premium Account 1,558.00 1,517.00 1,491.00 1,459.00 1,443.00
Other Reserves 1,627.00 1,980.00 (626.00) 354.00 437.00
Retained Earnings n/a n/a 2,081.00 n/a n/a
Shareholders Funds 3,460.00 3,776.00 3,232.00 2,099.00 2,166.00
           
Minority Interests/Other Equity (21.00) (22.00) (8.00) 2.00 24.00
Total Equity 3,439.00 3,754.00 3,224.00 2,101.00 2,190.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 2,457.00 2,401.00 2,016.00 1,596.00 2,089.00
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 (569.00) (859.00) (384.00) (1,173.00) (733.00)
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 (2,057.00) (1,334.00) (1,606.00) (474.00) (1,329.00)
Net Increase/Decrease In Cash (169.00) 208.00 26.00 (51.00) 27.00
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 27.3 22.4 27.4 22.4 20.5
PEG - Adjusted 2.3 1.3 3.0 n/a 0.7
Earnings per Share Growth - Adjusted 12% 17% 9% -14% 29%
Dividend Cover 1.94 1.87 1.76 1.70 2.04
Revenue per Share 484.25p 445.82p 3.79p 369.12p 405.14p
Pre-Tax Profit per Share 121.31p 110.14p 0.94p 76.99p 95.03p
Operating Margin 29.28% 27.16% 25.61% 21.24% 26.16%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 27.3 22.4 2,716.5 22.4 20.5
PEG - Adjusted 2.3 0.0 n/a n/a 0.7
Earnings per Share Growth - Adjusted 12% 11,458% -99% -14% 29%
Dividend Cover 1.94 1.87 0.02 1.70 2.04
           
Dividend Yield 1.9% 2.4% 2.1% 2.6% 2.4%
Dividend per Share Growth 7.69% 9.64% 5.96% 2.84% 8.55%
Operating Cash Flow per Share 129.88p 125.15p 104.56p 82.86p 107.49p
Cash Incr/Decr per Share (8.93p) 10.84p 0.014p (2.65p) 1.39p
Net Asset Value per Share (exc. Intangibles) (413.47p) (425.23p) (386.20p) (443.77p) (416.05p)
Net Gearing 183.29% 169.39% 187.31% 335.16% 289.75%

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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