Spirent Communications (SPT)

Sector:

IT Hardware

Index:

FTSE 250

194.70p
   
  • Change Today:
    -0.30p
  • 52 Week High: 200.00
  • 52 Week Low: 90.10
  • Currency: UK Pounds
  • Shares Issued: 578.65m
  • Volume: 2,027,058
  • Market Cap: £1,126.62m
  • RiskGrade: 172

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Total Dividend2.14p6.28p5.06p4.45p4.29p
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 474.30 607.50 576.00 522.40 503.60
Operating Profit/(Loss) 18.40 112.70 104.20 95.70 88.60
Net Interest 4.50 1.90 (0.60) 0.10 1.00
Profit Before Tax 22.90 114.60 103.60 95.80 89.60
Profit After Tax 25.20 99.90 89.20 84.40 78.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 25.20 99.90 89.20 84.40 78.00
Attributable to:          
Equity Holders of Parent Company 25.20 99.90 89.20 84.40 78.00
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 4.30¢ 16.46¢ 14.67¢ 13.84¢ 12.79¢
Earnings per Share - Diluted 4.26¢ 16.36¢ 14.54¢ 13.71¢ 12.63¢
Earnings per Share - Adjusted 7.55¢ 18.86¢ 16.59¢ 14.68¢ 13.40¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 4.30¢ 16.46¢ 14.67¢ 13.84¢ 12.79¢
Earnings per Share - Diluted 4.26¢ 16.36¢ 14.54¢ 13.71¢ 12.63¢
Earnings per Share - Adjusted 7.55¢ 18.86¢ 16.59¢ 14.68¢ 13.40¢
           
Dividend per Share 2.76¢ 7.57¢ 6.76¢ 6.04¢ 5.39¢
  $ (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 33.00 40.10 49.70 49.10 55.50
Intangible Assets 206.60 202.00 208.20 159.90 160.30
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 56.90 49.70 64.80 43.80 41.20
  296.50 291.80 322.70 252.80 257.00
Current Assets          
Inventories 43.50 39.80 26.00 22.30 20.60
Trade & Other Receivables 133.70 160.80 164.10 132.30 142.80
Cash at Bank & in Hand 108.10 209.60 174.80 241.20 183.20
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 2.00 3.30 3.70 1.20 1.10
  287.30 413.50 368.60 397.00 347.70
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 583.80 705.30 691.30 649.80 604.70
           
Liabilities          
Current Liabilities          
Borrowings 10.70 7.10 8.40 8.20 8.50
Other Current Liabilities 138.30 183.30 168.30 147.00 145.90
  149.00 190.40 176.70 155.20 154.40
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 10.70 15.00 21.40 20.00 24.50
Provisions 3.00 2.70 10.50 5.60 3.40
Other Non-Current Liabilities 45.30 32.00 35.20 26.20 20.10
  59.00 49.70 67.10 51.80 48.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 208.00 240.10 243.80 207.00 202.40
           
Net Assets 375.80 465.20 447.50 442.80 402.30
           
Capital & Reserves          
Share Capital 24.60 24.70 27.50 27.90 26.80
Share Premium Account 25.70 24.40 27.20 27.60 26.60
Other Reserves 41.20 39.50 42.10 41.60 42.70
Retained Earnings 284.30 376.60 350.70 345.70 306.20
Shareholders Funds 375.80 465.20 447.50 442.80 402.30
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 375.80 465.20 447.50 442.80 402.30
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 31.90 117.80 102.90 121.20 119.30
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 (7.90) (6.10) (60.20) (7.00) (10.80)
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 (126.90) (72.40) (109.20) (57.10) (47.50)
Net Increase/Decrease In Cash (102.90) 39.30 (66.50) 57.10 61.00
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 20.4 17.2 20.8 22.5 23.4
PEG - Adjusted n/a 1.2 1.6 2.2 1.0
Earnings per Share Growth - Adjusted -60% 14% 13% 10% 23%
Dividend Cover 2.74 2.49 2.45 2.43 2.49
Revenue per Share 80.84p 100.08p 0.96p 85.68p 82.57p
Pre-Tax Profit per Share 3.90p 18.88p 0.17p 15.71p 14.69p
Operating Margin 3.88% 18.55% 18.09% 18.32% 17.59%
Return on Capital Employed 9.50% 39.13% 0.38% 30.22% 31.82%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 20.4 17.2 2,060.6 22.5 23.4
PEG - Adjusted n/a 0.0 n/a 2.2 1.0
Earnings per Share Growth - Adjusted -60% 11,162% -99% 10% 23%
Dividend Cover 2.74 2.49 0.02 2.43 2.49
           
Dividend Yield 1.8% 2.3% 2.0% 1.8% 1.7%
Dividend per Share Growth (63.54%) 11.98% 11.92% 12.06% 20.04%
Operating Cash Flow per Share 5.44p 19.41p 16.92p 19.88p 19.56p
Cash Incr/Decr per Share (17.54p) 6.47p (0.11p) 9.37p 10.00p
Net Asset Value per Share (exc. Intangibles) 28.84p 43.36p 39.35p 46.40p 39.68p
Net Gearing -23.07% -40.31% -32.40% -48.10% -37.34%

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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