Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

198.80p
   
  • Change Today:
    -4.70p
  • 52 Week High: 341.50p
  • 52 Week Low: 198.00p
  • Currency: UK Pounds
  • Shares Issued: 281.15m
  • Volume: 849,869
  • Market Cap: £558.92m

Dividend Data

  31-Dec-2431-Dec-2331-Dec-2231-Dec-2131-Dec-20
Interim Dividend5.40p5.30p5.30p3.20pn/a
Final Dividend6.80p6.70p6.70p5.90pn/a
Total Dividend12.20p12.00p12.00p9.10p5.50p
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 1,100.70 1,114.70 1,112.10 950.50 910.70
Operating Profit/(Loss) 103.60 91.90 140.80 113.10 (1.80)
Net Interest (19.00) (14.10) (9.20) (9.20) (11.90)
Profit Before Tax 84.60 77.80 131.60 104.30 (13.10)
Profit After Tax 58.70 55.60 95.60 76.10 (20.00)
Discontinued Operations          
Profit After Tax 0.10 0.70 1.10 5.70 2.00
PROFIT FOR THE PERIOD 58.80 56.30 96.70 81.80 (18.00)
Attributable to:          
Equity Holders of Parent Company 50.30 47.30 88.00 73.80 (22.50)
Minority Interests 8.50 9.00 8.70 8.00 4.50
           
Continuing EPS          
Earnings per Share - Basic 17.70p 16.40p 30.60p 23.90p (8.60p)
Earnings per Share - Diluted 17.50p 16.30p 30.30p 23.70p (8.60p)
Earnings per Share - Adjusted 25.50p 25.00p 33.80p 27.20p 19.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 17.70p 16.60p 31.00p 25.90p (7.90p)
Earnings per Share - Diluted 17.50p 16.50p 30.70p 25.70p (7.90p)
Earnings per Share - Adjusted 25.50p 25.00p 33.80p 27.20p 19.00p
           
Dividend per Share 12.20p 12.00p 12.00p 9.10p 5.50p
  £ (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 377.40 325.40 316.80 280.00 303.10
Intangible Assets 179.90 182.20 189.00 183.10 185.40
Investment Properties n/a n/a n/a n/a n/a
Investments 2.00 2.20 n/a n/a 7.20
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 38.00 34.50 18.50 18.80 18.40
  597.30 544.30 524.30 481.90 514.10
Current Assets          
Inventories 165.90 175.10 174.20 140.70 122.40
Trade & Other Receivables 189.60 191.60 202.80 162.00 143.60
Cash at Bank & in Hand 120.80 124.50 117.70 127.30 147.80
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 3.50 2.70 1.30 0.60 2.60
  479.80 493.90 496.00 430.60 416.40
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,077.10 1,038.20 1,020.30 912.50 930.50
           
Liabilities          
Current Liabilities          
Borrowings 20.30 11.10 46.60 9.80 82.80
Other Current Liabilities 242.80 228.40 236.80 218.00 196.90
  263.10 239.50 283.40 227.80 279.70
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 373.80 345.70 271.50 214.00 220.60
Provisions 13.60 13.30 18.10 16.00 9.00
Other Non-Current Liabilities 37.30 41.10 17.70 105.10 181.20
  424.70 400.10 307.30 335.10 410.80
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 687.80 639.60 590.70 562.90 690.50
           
Net Assets 389.30 398.60 429.60 349.60 240.00
           
Capital & Reserves          
Share Capital 70.90 71.30 71.30 71.30 71.30
Share Premium Account 111.70 111.70 111.70 111.70 111.70
Other Reserves (8.20) 6.50 35.10 18.50 18.70
Retained Earnings 179.30 170.80 170.90 109.10 0.60
Shareholders Funds 353.70 360.30 389.00 310.60 202.30
           
Minority Interests/Other Equity 35.60 38.30 40.60 39.00 37.70
Total Equity 389.30 398.60 429.60 349.60 240.00
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Cash Flow From Operating Activities 113.30 78.50 19.00 105.40 109.80
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 (86.00) (60.20) (55.40) (13.10) (23.40)
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 (33.00) (2.00) 23.40 (112.20) (69.60)
Net Increase/Decrease In Cash (5.70) 16.30 (13.00) (19.90) 16.80
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
PE Ratio - Adjusted 10.7 11.3 9.3 13.2 16.4
PEG - Adjusted 5.3 n/a 0.4 0.3 n/a
Earnings per Share Growth - Adjusted 2% -26% 24% 43% -32%
Dividend Cover 2.09 2.08 2.82 2.99 3.45
Revenue per Share 391.50p 396.48p 391.31p 3.37p 319.88p
Pre-Tax Profit per Share 30.09p 27.67p 46.30p 0.37p (4.60p)
Operating Margin 9.41% 8.24% 12.66% 11.90% (0.20%)
Return on Capital Employed 16.79% 15.67% 24.41% 0.28% n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.7 11.3 9.3 1,305.7 16.4
PEG - Adjusted 5.3 n/a 0.0 n/a n/a
Earnings per Share Growth - Adjusted 2% -26% 12,211% -99% -32%
Dividend Cover 2.09 2.08 2.82 0.03 3.45
           
Dividend Yield 4.5% 4.2% 3.8% 2.5% 1.8%
Dividend per Share Growth 1.67% n/a 31.87% 65.45% 37.50%
Operating Cash Flow per Share 40.30p 27.92p 6.69p 37.03p 38.57p
Cash Incr/Decr per Share (2.03p) 5.80p (4.57p) (0.071p) 5.90p
Net Asset Value per Share (exc. Intangibles) 74.48p 76.97p 84.66p 58.50p 19.18p
Net Gearing 77.27% 64.47% 51.52% 31.07% 76.92%

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: 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: Forecast figures based on normalised accounts.

 

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