Pennon Group (PNN)

Sector:

Utilities

Index:

FTSE 250

599.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 767.00
  • 52 Week Low: 551.00
  • Currency: UK Pounds
  • Shares Issued: 286.04m
  • Volume: 964,011
  • Market Cap: £1,713.38m
  • RiskGrade: 123

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Interim Dividend14.04p12.96p11.70p6.77p13.66p
Final Dividend30.33p29.77p26.83p14.97p30.11p
Total Dividend44.37p42.73p38.53p21.74p43.77p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 907.80 797.20 792.30 624.10 636.70
Operating Profit/(Loss) 140.40 109.40 221.40 190.40 237.60
Net Interest (150.20) (118.20) (93.70) (58.30) (44.50)
Profit Before Tax (9.10) (8.50) 127.70 132.10 193.10
Profit After Tax (8.50) 0.40 15.60 107.30 122.50
Discontinued Operations          
Profit After Tax n/a n/a n/a 1,654.70 83.80
PROFIT FOR THE PERIOD (8.50) 0.40 15.60 1,762.00 206.30
Attributable to:          
Equity Holders of Parent Company (9.50) 0.10 15.40 1,762.20 200.40
Minority Interests 1.00 0.30 0.20 (0.20) 5.90
           
Continuing EPS          
Earnings per Share - Basic (3.60p) n/a 4.90p 25.50p 27.70p
Earnings per Share - Diluted (3.60p) n/a 4.90p 25.40p 27.60p
Earnings per Share - Adjusted 6.20p 7.30p 50.20p 47.80p 35.20p
Continuing and Discontinued EPS          
Earnings per Share - Basic (3.60p) n/a 4.90p 418.50p 27.70p
Earnings per Share - Diluted (3.60p) n/a 4.90p 416.90p 27.60p
Earnings per Share - Adjusted 6.20p 7.30p 50.20p 47.80p 61.70p
           
Dividend per Share 44.37p 42.73p 38.53p 21.74p 43.77p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 5,361.60 4,476.90 4,264.00 3,221.00 3,171.80
Intangible Assets 247.20 178.80 177.80 43.50 43.50
Investment Properties n/a n/a n/a n/a n/a
Investments 1.00 0.30 n/a n/a n/a
Other Financial Assets 18.30 34.50 14.80 n/a n/a
Other Non-Current Assets 35.30 52.50 75.90 12.60 10.70
  5,663.40 4,743.00 4,532.50 3,277.10 3,226.00
Current Assets          
Inventories 13.20 10.00 7.70 5.40 4.90
Trade & Other Receivables 353.70 238.00 272.40 216.80 185.80
Cash at Bank & in Hand 171.40 165.40 519.00 2,919.30 665.90
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 29.40 29.10 5.60 1.40 2,679.90
  567.70 442.50 804.70 3,142.90 3,536.50
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 6,231.10 5,185.50 5,337.20 6,420.00 6,762.50
           
Liabilities          
Current Liabilities          
Borrowings 240.80 127.30 242.70 88.30 59.90
Other Current Liabilities 346.60 228.20 172.50 135.50 124.50
  587.40 355.50 415.20 223.80 184.40
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 3,774.20 3,040.10 2,997.80 2,766.70 3,654.90
Provisions 548.70 507.00 512.40 259.60 261.60
Other Non-Current Liabilities 158.20 157.70 137.20 185.10 193.20
  4,481.10 3,704.80 3,647.40 3,211.40 4,109.70
           
Other Liabilities n/a n/a n/a n/a 756.30
Total Liabilities 5,068.50 4,060.30 4,062.60 3,435.20 5,050.40
           
Net Assets 1,162.60 1,125.20 1,274.60 2,984.80 1,712.10
           
Capital & Reserves          
Share Capital 174.60 159.50 161.70 171.80 171.30
Share Premium Account 398.20 237.60 235.50 232.10 227.00
Other Reserves 157.10 157.10 154.70 144.20 144.20
Retained Earnings 431.30 570.60 722.60 2,436.80 872.80
Shareholders Funds 1,161.20 1,124.80 1,274.50 2,984.90 1,415.30
           
Minority Interests/Other Equity 1.40 0.40 0.10 (0.10) 296.80
Total Equity 1,162.60 1,125.20 1,274.60 2,984.80 1,712.10
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 148.90 152.60 252.30 210.50 366.00
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 (658.00) (179.50) (547.90) 3,423.30 (323.30)
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 510.80 (180.60) (2,021.70) (1,437.30) 63.60
Net Increase/Decrease In Cash 1.70 (207.50) (2,317.30) 2,196.50 106.30
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 104.4 119.7 21.4 21.0 31.8
PEG - Adjusted n/a n/a 4.3 0.6 n/a
Earnings per Share Growth - Adjusted -15% -86% 5% 36% -39%
Dividend Cover 0.14 0.17 1.30 2.20 0.80
Revenue per Share 317.37p 304.39p 253.86p 1.50p 151.52p
Pre-Tax Profit per Share (3.18p) (3.25p) 40.92p 0.32p 45.95p
Operating Margin 15.47% 13.72% 27.94% 30.51% 37.32%
Return on Capital Employed 2.58% 2.37% 4.57% 0.03% 4.21%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 104.4 119.7 21.4 2,082.6 18.1
PEG - Adjusted n/a n/a 0.0 n/a 2.6
Earnings per Share Growth - Adjusted -15% -86% 10,304% -99% 7%
Dividend Cover 0.14 0.17 1.30 0.02 1.41
           
Dividend Yield 6.9% 4.9% 3.6% 2.2% 3.9%
Dividend per Share Growth 3.84% 10.90% 77.23% (50.33%) 6.60%
Operating Cash Flow per Share 52.06p 58.27p 80.84p 49.99p 87.10p
Cash Incr/Decr per Share 0.59p (79.23p) (742.49p) 5.26p 25.30p
Net Asset Value per Share (exc. Intangibles) 320.03p 361.36p 351.43p 698.48p 397.10p
Net Gearing 331.00% 266.89% 213.53% -2.15% 215.42%

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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