Morgan Advanced Materials (MGAM)

Sector:

Engineering

Index:

FTSE 250

222.50p
   
  • Change Today:
      3.00p
  • 52 Week High: 243.50p
  • 52 Week Low: 187.40p
  • Currency: UK Pounds
  • Shares Issued: 276.68m
  • Volume: 3,025,210
  • Market Cap: £615.61m
  • Beta: 0.00

Dividend Data

  31-Dec-2531-Dec-2431-Dec-2331-Dec-2231-Dec-21
Interim Dividend5.40p5.40p5.30p5.30pn/a
Final Dividend6.80p6.80p6.70p6.70pn/a
Total Dividend12.20p12.20p12.00p12.00pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 996.60 1,060.10 1,114.70 1,112.10 950.50
Operating Profit/(Loss) 45.20 99.20 91.90 140.80 113.10
Net Interest (22.20) (19.00) (14.10) (9.20) (9.20)
Profit Before Tax 23.00 80.20 77.80 131.60 104.30
Profit After Tax 5.10 55.50 55.60 95.60 76.10
Discontinued Operations          
Profit After Tax 23.70 3.30 0.70 1.10 5.70
PROFIT FOR THE PERIOD 28.80 58.80 56.30 96.70 81.80
Attributable to:          
Equity Holders of Parent Company 21.10 50.30 47.30 88.00 73.80
Minority Interests 7.70 8.50 9.00 8.70 8.00
           
Continuing EPS          
Earnings per Share - Basic (1.00p) 16.50p 16.40p 30.60p 23.90p
Earnings per Share - Diluted (0.90p) 16.40p 16.30p 30.30p 23.70p
Earnings per Share - Adjusted 15.90p 24.20p 25.00p 33.80p 27.20p
Continuing and Discontinued EPS          
Earnings per Share - Basic 7.50p 17.70p 16.60p 31.00p 25.90p
Earnings per Share - Diluted 7.50p 17.50p 16.50p 30.70p 25.70p
Earnings per Share - Adjusted 15.90p 24.20p 25.00p 33.80p 27.20p
           
Dividend per Share 12.20p 12.20p 12.00p 12.00p 9.10p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 362.40 377.40 325.40 316.80 280.00
Intangible Assets 166.90 179.90 182.20 189.00 183.10
Investment Properties n/a n/a n/a n/a n/a
Investments 0.50 2.00 2.20 n/a n/a
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 38.70 38.00 34.50 18.50 18.80
  568.50 597.30 544.30 524.30 481.90
Current Assets          
Inventories 146.50 165.90 175.10 174.20 140.70
Trade & Other Receivables 139.10 189.60 191.60 202.80 162.00
Cash at Bank & in Hand 79.30 120.80 124.50 117.70 127.30
Current Asset Investments 47.20 n/a n/a n/a n/a
Other Current Assets 4.20 3.50 2.70 1.30 0.60
  416.30 479.80 493.90 496.00 430.60
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 984.80 1,077.10 1,038.20 1,020.30 912.50
           
Liabilities          
Current Liabilities          
Borrowings 110.50 20.30 11.10 46.60 9.80
Other Current Liabilities 227.20 242.80 228.40 236.80 218.00
  337.70 263.10 239.50 283.40 227.80
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 250.20 373.80 345.70 271.50 214.00
Provisions 10.90 13.60 13.30 18.10 16.00
Other Non-Current Liabilities 37.10 37.30 41.10 17.70 105.10
  298.20 424.70 400.10 307.30 335.10
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 635.90 687.80 639.60 590.70 562.90
           
Net Assets 348.90 389.30 398.60 429.60 349.60
           
Capital & Reserves          
Share Capital 69.20 70.90 71.30 71.30 71.30
Share Premium Account 111.70 111.70 111.70 111.70 111.70
Other Reserves (13.70) (8.20) 6.50 35.10 18.50
Retained Earnings 149.40 179.30 170.80 170.90 109.10
Shareholders Funds 316.60 353.70 360.30 389.00 310.60
           
Minority Interests/Other Equity 32.30 35.60 38.30 40.60 39.00
Total Equity 348.90 389.30 398.60 429.60 349.60
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 117.80 113.30 78.50 19.00 105.40
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 (52.20) (86.00) (60.20) (55.40) (13.10)
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 (99.50) (33.00) (2.00) 23.40 (112.20)
Net Increase/Decrease In Cash (33.90) (5.70) 16.30 (13.00) (19.90)
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 13.7 11.2 11.3 9.3 13.2
PEG - Adjusted n/a n/a n/a 0.4 0.3
Earnings per Share Growth - Adjusted -34% -3% -26% 24% 43%
Dividend Cover 1.30 1.98 2.08 2.82 2.99
Revenue per Share 360.20p 383.15p 391.40p 391.31p 3.37p
Pre-Tax Profit per Share 8.31p 28.99p 27.32p 46.30p 0.37p
Operating Margin 4.54% 9.36% 8.24% 12.66% 11.90%
Return on Capital Employed 8.16% 16.08% 15.67% 24.41% 0.28%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.7 11.2 11.3 9.3 1,305.7
PEG - Adjusted n/a n/a n/a 0.0 n/a
Earnings per Share Growth - Adjusted -34% -3% -26% 12,211% -99%
Dividend Cover 1.30 1.98 2.08 2.82 0.03
           
Dividend Yield 5.6% 4.5% 4.2% 3.8% 2.5%
Dividend per Share Growth n/a 1.67% n/a 31.87% 65.45%
Operating Cash Flow per Share 42.58p 40.95p 27.56p 6.69p 37.03p
Cash Incr/Decr per Share (12.25p) (2.06p) 5.72p (4.57p) (0.071p)
Net Asset Value per Share (exc. Intangibles) 65.78p 75.68p 75.98p 84.66p 58.50p
Net Gearing 88.88% 77.27% 64.47% 51.52% 31.07%

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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