Hargreaves Services (HSP)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

 564.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 620.00p
  • 52 Week Low: 402.00p
  • Currency: UK Pounds
  • Shares Issued: 32.91m
  • Volume: 0
  • Market Cap: £185.59m
  • RiskGrade: 224
  • Beta: 0.25

Dividend Data

  31-May-2431-May-2331-May-2231-May-2131-May-20
Interim Dividend18.00p3.00p2.80p2.70pn/a
Final Dividend18.00p6.00p5.60p4.50p4.50p
Total Dividend36.00p9.00p8.40p7.20p4.50p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Continuing Operations          
Revenue 211.15 211.46 177.91 204.80 222.24
Operating Profit/(Loss) 15.87 11.80 6.23 (2.07) 1.30
Net Interest (0.72) (0.95) 0.05 (1.24) (1.29)
Profit Before Tax 16.68 27.16 32.16 14.37 2.15
Profit After Tax 12.22 27.93 32.51 16.41 4.27
Discontinued Operations          
Profit After Tax n/a n/a 2.00 n/a n/a
PROFIT FOR THE PERIOD 12.22 27.93 34.51 16.41 4.27
Attributable to:          
Equity Holders of Parent Company 12.22 27.93 34.72 16.43 4.32
Minority Interests n/a n/a (0.21) (0.02) (0.04)
           
Continuing EPS          
Earnings per Share - Basic 37.78p 85.85p 100.45p 50.84p 13.40p
Earnings per Share - Diluted 37.00p 84.13p 97.48p 49.38p 13.11p
Earnings per Share - Adjusted 38.22p 86.28p 96.06p 70.66p 19.87p
Continuing and Discontinued EPS          
Earnings per Share - Basic 37.78p 85.85p 106.63p 50.84p 13.40p
Earnings per Share - Diluted 37.00p 84.13p 103.48p 49.38p 13.11p
Earnings per Share - Adjusted 38.22p 86.28p 96.06p 70.66p 19.87p
           
Dividend per Share 18.00p 9.00p 8.40p 7.20p 4.50p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 50.09 50.68 32.00 27.58 31.41
Intangible Assets 6.05 5.68 4.82 4.82 9.42
Investment Properties 14.83 14.07 8.30 7.61 9.22
Investments 61.99 74.28 55.10 31.19 14.09
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 16.58 23.23 25.67 12.99 8.33
  149.54 167.94 125.89 84.19 72.46
Current Assets          
Inventories 49.33 39.30 30.48 27.17 64.01
Trade & Other Receivables 70.90 71.61 88.57 78.26 71.32
Cash at Bank & in Hand 22.70 21.86 13.77 28.30 18.50
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 6.43 5.11 6.75 1.78 11.53
  149.36 137.88 139.57 135.51 165.35
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 298.89 305.83 265.46 219.71 237.82
           
Liabilities          
Current Liabilities          
Borrowings 18.27 15.51 7.33 3.18 37.19
Other Current Liabilities 54.37 58.05 60.28 57.69 55.69
  72.64 73.56 67.60 60.87 92.88
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 15.88 20.84 11.05 8.59 9.44
Provisions 15.29 4.12 4.26 3.09 1.68
Other Non-Current Liabilities 2.98 6.32 2.70 2.87 3.77
  34.15 31.28 18.01 14.54 14.88
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 106.80 104.84 85.61 75.41 107.76
           
Net Assets 192.10 200.99 179.85 144.30 130.05
           
Capital & Reserves          
Share Capital 3.31 3.31 3.31 3.31 3.31
Share Premium Account 73.99 73.97 73.97 73.96 73.96
Other Reserves 4.55 4.78 3.29 2.60 4.08
Retained Earnings 110.51 119.14 99.49 64.44 48.70
Shareholders Funds 192.37 201.20 180.07 144.31 130.05
           
Minority Interests/Other Equity (0.27) (0.21) (0.22) (0.01) n/a
Total Equity 192.10 200.99 179.85 144.30 130.05
Cash Flow 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Net Cash Flow From Operating Activities 22.59 15.88 (8.53) 45.23 (7.06)
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 7.54 7.82 5.49 5.80 9.12
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 (29.21) (15.47) (11.77) (40.41) (5.22)
Net Increase/Decrease In Cash 0.92 8.24 (14.80) 10.62 (3.15)
Ratios - based on IFRS 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Continuing Operations          
PE Ratio - Adjusted 14.7 4.6 5.7 5.3 10.1
PEG - Adjusted n/a n/a 0.2 0.0 0.3
Earnings per Share Growth - Adjusted -56% -10% 36% 256% 30%
Dividend Cover 2.12 9.59 11.44 9.81 4.42
Revenue per Share 641.66p 642.61p 540.65p 6.28p 675.38p
Pre-Tax Profit per Share 50.68p 82.52p 97.73p 0.44p 6.54p
Operating Margin 7.51% 5.58% 3.50% (1.01%) 0.59%
Return on Capital Employed 7.39% 11.92% 16.24% 0.10% 2.04%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 14.7 4.6 5.7 530.0 10.1
PEG - Adjusted n/a n/a 0.0 n/a 0.3
Earnings per Share Growth - Adjusted -56% -10% 13,368% -96% 30%
Dividend Cover 2.12 9.59 11.44 0.10 4.42
           
Dividend Yield 3.2% 2.3% 1.5% 1.9% 2.3%
Dividend per Share Growth 100.00% 7.14% 16.67% 60.00% (37.50%)
Operating Cash Flow per Share 68.66p 48.26p (25.91p) 137.44p (21.45p)
Cash Incr/Decr per Share 2.79p 25.04p (44.98p) 0.33p (9.58p)
Net Asset Value per Share (exc. Intangibles) 565.39p 593.52p 531.89p 423.85p 366.61p
Net Gearing 5.95% 7.20% 2.55% -11.46% 21.62%

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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