Spirent Communications (SPT)

Sector:

IT Hardware

Index:

FTSE 250

190.20p
   
  • Change Today:
      1.80p
  • 52 Week High: 199.00
  • 52 Week Low: 168.00
  • Currency: UK Pounds
  • Shares Issued: 581.15m
  • Volume: 1,120,200
  • Market Cap: £1,105.35m
  • RiskGrade: 172

Dividend Data

  31-Dec-2431-Dec-2331-Dec-2231-Dec-2131-Dec-20
Total Dividendn/a2.14p6.28p5.06p4.45p
For more dividend details, click here

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 460.20 474.30 607.50 576.00 522.40
Operating Profit/(Loss) 10.30 18.40 112.70 104.20 95.70
Net Interest 3.50 4.50 1.90 (0.60) 0.10
Profit Before Tax 13.80 22.90 114.60 103.60 95.80
Profit After Tax 12.90 25.20 99.90 89.20 84.40
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 12.90 25.20 99.90 89.20 84.40
Attributable to:          
Equity Holders of Parent Company 12.90 25.20 99.90 89.20 84.40
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 2.25¢ 4.30¢ 16.46¢ 14.67¢ 13.84¢
Earnings per Share - Diluted 2.22¢ 4.26¢ 16.36¢ 14.54¢ 13.71¢
Earnings per Share - Adjusted 7.75¢ 7.55¢ 18.86¢ 16.59¢ 14.68¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 2.25¢ 4.30¢ 16.46¢ 14.67¢ 13.84¢
Earnings per Share - Diluted 2.22¢ 4.26¢ 16.36¢ 14.54¢ 13.71¢
Earnings per Share - Adjusted 7.75¢ 7.55¢ 18.86¢ 16.59¢ 14.68¢
           
Dividend per Share n/a 2.14¢ 7.57¢ 6.76¢ 6.04¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 32.20 33.00 40.10 49.70 49.10
Intangible Assets 203.50 206.60 202.00 208.20 159.90
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 62.60 56.90 49.70 64.80 43.80
  298.30 296.50 291.80 322.70 252.80
Current Assets          
Inventories 35.50 43.50 39.80 26.00 22.30
Trade & Other Receivables 134.90 133.70 160.80 164.10 132.30
Cash at Bank & in Hand 141.80 108.10 209.60 174.80 241.20
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 3.70 2.00 3.30 3.70 1.20
  315.90 287.30 413.50 368.60 397.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 614.20 583.80 705.30 691.30 649.80
           
Liabilities          
Current Liabilities          
Borrowings 7.60 10.70 7.10 8.40 8.20
Other Current Liabilities 157.70 138.30 183.30 168.30 147.00
  165.30 149.00 190.40 176.70 155.20
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 12.70 10.70 15.00 21.40 20.00
Provisions 3.30 3.00 2.70 10.50 5.60
Other Non-Current Liabilities 40.40 45.30 32.00 35.20 26.20
  56.40 59.00 49.70 67.10 51.80
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 221.70 208.00 240.10 243.80 207.00
           
Net Assets 392.50 375.80 465.20 447.50 442.80
           
Capital & Reserves          
Share Capital 24.20 24.60 24.70 27.50 27.90
Share Premium Account 25.30 25.70 24.40 27.20 27.60
Other Reserves 39.30 41.20 39.50 42.10 41.60
Retained Earnings 303.70 284.30 376.60 350.70 345.70
Shareholders Funds 392.50 375.80 465.20 447.50 442.80
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 392.50 375.80 465.20 447.50 442.80
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Cash Flow From Operating Activities 51.90 31.90 117.80 102.90 121.20
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 (7.00) (7.90) (6.10) (60.20) (7.00)
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 (9.20) (126.90) (72.40) (109.20) (57.10)
Net Increase/Decrease In Cash 35.70 (102.90) 39.30 (66.50) 57.10
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
PE Ratio - Adjusted 29.9 21.4 18.1 21.8 23.6
PEG - Adjusted 10.0 n/a 1.3 1.7 2.4
Earnings per Share Growth - Adjusted 3% -60% 14% 13% 10%
Dividend Cover n/a 3.53 2.49 2.45 2.43
Revenue per Share 79.19p 81.61p 100.08p 0.96p 85.68p
Pre-Tax Profit per Share 2.38p 3.94p 18.88p 0.17p 15.71p
Operating Margin 2.24% 3.88% 18.55% 18.09% 18.32%
Return on Capital Employed 4.84% 9.50% 39.13% 0.38% 30.22%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 29.9 21.4 18.1 2,160.2 23.6
PEG - Adjusted 10.0 n/a 0.0 n/a 2.4
Earnings per Share Growth - Adjusted 3% -60% 11,162% -99% 10%
Dividend Cover n/a 3.53 2.49 0.02 2.43
           
Dividend Yield 0.0% 1.3% 2.2% 1.9% 1.7%
Dividend per Share Growth n/a (71.73%) 11.98% 11.92% 12.06%
Operating Cash Flow per Share 8.93p 5.49p 19.41p 16.92p 19.88p
Cash Incr/Decr per Share 6.14p (17.71p) 6.47p (0.11p) 9.37p
Net Asset Value per Share (exc. Intangibles) 32.52p 29.11p 43.36p 39.35p 46.40p
Net Gearing -30.96% -23.07% -40.31% -32.40% -48.10%

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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