Weir Group (WEIR)

Sector:

Engineering

Index:

FTSE 100

2,124.00p
   
  • Change Today:
      22.00p
  • 52 Week High: 2,200.00
  • 52 Week Low: 1,759.50
  • Currency: UK Pounds
  • Shares Issued: 259.61m
  • Volume: 421,517
  • Market Cap: £5,514m
  • RiskGrade: 162
  • Beta: 1.24

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend17.80p13.50p11.50pn/a16.50p
Final Dividend20.80p19.30p12.30pn/an/a
Total Dividend38.60p32.80p23.80pn/a16.50p
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 2,636.00 2,472.10 1,933.60 1,964.70 2,049.80
Operating Profit/(Loss) 365.90 305.00 254.90 234.30 235.70
Net Interest (47.70) (47.30) (47.10) 57.60 (46.30)
Profit Before Tax 320.70 260.20 209.50 184.30 189.40
Profit After Tax 229.90 212.60 155.10 138.60 144.60
Discontinued Operations          
Profit After Tax (1.30) 1.20 103.90 (288.00) (524.00)
PROFIT FOR THE PERIOD 228.60 213.80 259.00 (149.40) (379.40)
Attributable to:          
Equity Holders of Parent Company 227.90 213.40 258.50 (149.60) (379.90)
Minority Interests 0.70 0.40 0.50 0.20 0.50
           
Continuing EPS          
Earnings per Share - Basic 88.70p 82.00p 59.60p 53.30p 55.50p
Earnings per Share - Diluted 88.20p 81.50p 59.20p 52.90p 55.20p
Earnings per Share - Adjusted 115.90p 98.40p 71.30p 74.40p 78.10p
Continuing and Discontinued EPS          
Earnings per Share - Basic 88.20p 82.50p 99.70p (57.60p) (146.40p)
Earnings per Share - Diluted 87.70p 82.00p 99.00p (57.60p) (146.40p)
Earnings per Share - Adjusted 115.90p 98.40p 71.30p 74.40p 78.10p
           
Dividend per Share 38.60p 32.80p 23.80p n/a 46.20p
  £ (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 490.50 462.20 415.90 449.50 571.20
Intangible Assets 1,316.00 1,409.90 1,308.40 1,262.70 1,573.00
Investment Properties n/a n/a n/a n/a n/a
Investments 12.20 15.10 12.30 15.00 36.60
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 195.20 219.30 133.50 139.60 142.70
  2,013.90 2,106.50 1,870.10 1,866.80 2,323.50
Current Assets          
Inventories 608.10 679.10 516.50 443.60 642.90
Trade & Other Receivables 526.20 570.20 538.70 420.20 557.90
Cash at Bank & in Hand 707.20 691.20 564.40 351.70 273.80
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 37.30 8.90 7.10 473.00 54.10
  1,878.80 1,949.40 1,626.70 1,688.50 1,528.70
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 3,892.70 4,055.90 3,496.80 3,555.30 3,852.20
           
Liabilities          
Current Liabilities          
Borrowings 286.20 406.30 524.10 26.50 534.10
Other Current Liabilities 637.20 679.40 538.80 619.90 679.20
  923.40 1,085.70 1,062.90 646.40 1,213.30
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,111.10 1,082.10 812.80 1,332.60 896.20
Provisions 127.60 114.30 109.80 97.50 90.30
Other Non-Current Liabilities 30.90 35.90 56.80 161.10 139.00
  1,269.60 1,232.30 979.40 1,591.20 1,125.50
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,193.00 2,318.00 2,042.30 2,237.60 2,338.80
           
Net Assets 1,699.70 1,737.90 1,454.50 1,317.70 1,513.40
           
Capital & Reserves          
Share Capital 32.50 32.50 32.50 32.50 32.50
Share Premium Account 582.30 582.30 582.30 582.30 582.30
Other Reserves 66.80 212.20 122.80 272.50 306.60
Retained Earnings 1,008.20 899.50 705.90 419.10 590.60
Shareholders Funds 1,689.80 1,726.50 1,443.50 1,306.40 1,512.00
           
Minority Interests/Other Equity 9.90 11.40 11.00 11.30 1.40
Total Equity 1,699.70 1,737.90 1,454.50 1,317.70 1,513.40
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 394.30 320.80 156.10 273.40 263.50
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 (70.60) (68.30) 195.20 (70.80) 146.50
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 (322.50) (303.80) (217.30) (85.40) (394.60)
Net Increase/Decrease In Cash 1.20 (51.30) 134.00 117.20 15.40
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 16.3 17.0 24.0 26.7 19.3
PEG - Adjusted 0.9 0.4 n/a n/a n/a
Earnings per Share Growth - Adjusted 18% 38% -4% -5% -18%
Dividend Cover 3.00 3.00 3.00 n/a 1.69
Revenue per Share 1,020.12p 955.59p 7.53p 757.11p 789.90p
Pre-Tax Profit per Share 124.11p 100.58p 0.82p 71.02p 72.99p
Operating Margin 13.88% 12.34% 13.18% 11.93% 11.50%
Return on Capital Employed 19.30% 15.93% 0.16% 8.38% 16.13%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.3 17.0 2,378.1 26.7 19.3
PEG - Adjusted 0.9 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted 18% 13,572% -99% -5% -18%
Dividend Cover 3.00 3.00 0.03 n/a 1.69
           
Dividend Yield 2.0% 2.0% 1.4% 0.0% 3.1%
Dividend per Share Growth 17.68% 37.82% n/a n/a n/a
Operating Cash Flow per Share 152.59p 124.00p 60.20p 105.36p 101.54p
Cash Incr/Decr per Share 0.46p (19.83p) 0.52p 45.16p 5.93p
Net Asset Value per Share (exc. Intangibles) 148.49p 126.79p 56.34p 21.20p (22.97p)
Net Gearing 40.84% 46.17% 53.52% 77.11% 76.49%

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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