Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

326.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 337.50p
  • 52 Week Low: 218.50p
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 666,229
  • Market Cap: £930.31m

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend5.30p5.30p3.20p2.00pn/a
Final Dividend6.70p6.70p5.90p3.50pn/a
Total Dividend12.00p12.00p9.10p5.50p4.00p
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 1,114.70 1,112.10 950.50 910.70 1,049.50
Operating Profit/(Loss) 91.90 140.80 113.10 (1.80) 126.10
Net Interest (14.10) (9.20) (9.20) (11.90) (16.90)
Profit Before Tax 77.80 131.60 104.30 (13.10) 109.70
Profit After Tax 55.60 95.60 76.10 (20.00) 79.80
Discontinued Operations          
Profit After Tax 0.70 1.10 5.70 2.00 1.50
PROFIT FOR THE PERIOD 56.30 96.70 81.80 (18.00) 81.30
Attributable to:          
Equity Holders of Parent Company 47.30 88.00 73.80 (22.50) 73.10
Minority Interests 9.00 8.70 8.00 4.50 8.20
           
Continuing EPS          
Earnings per Share - Basic 16.40p 30.60p 23.90p (8.60p) 25.20p
Earnings per Share - Diluted 16.30p 30.30p 23.70p (8.60p) 25.00p
Earnings per Share - Adjusted 25.00p 33.80p 27.20p 19.00p 28.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 16.60p 31.00p 25.90p (7.90p) 25.70p
Earnings per Share - Diluted 16.50p 30.70p 25.70p (7.90p) 25.50p
Earnings per Share - Adjusted 25.00p 33.80p 27.20p 19.00p 28.00p
           
Dividend per Share 12.00p 12.00p 9.10p 5.50p 4.00p
  £ (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 325.40 316.80 280.00 303.10 366.30
Intangible Assets 182.20 189.00 183.10 185.40 204.80
Investment Properties n/a n/a n/a n/a n/a
Investments 2.20 n/a n/a 7.20 6.50
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 21.00 18.50 18.80 18.40 11.70
  530.80 524.30 481.90 514.10 589.30
Current Assets          
Inventories 175.10 174.20 140.70 122.40 142.30
Trade & Other Receivables 191.60 202.80 162.00 143.60 181.00
Cash at Bank & in Hand 124.50 117.70 127.30 147.80 132.80
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 2.70 1.30 0.60 2.60 3.80
  493.90 496.00 430.60 416.40 459.90
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,024.70 1,020.30 912.50 930.50 1,049.20
           
Liabilities          
Current Liabilities          
Borrowings 11.10 46.60 9.80 82.80 125.10
Other Current Liabilities 228.40 236.80 218.00 196.90 209.70
  239.50 283.40 227.80 279.70 334.80
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 345.70 271.50 214.00 220.60 229.30
Provisions 13.30 18.10 16.00 9.00 14.10
Other Non-Current Liabilities 27.60 17.70 105.10 181.20 159.30
  386.60 307.30 335.10 410.80 402.70
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 626.10 590.70 562.90 690.50 737.50
           
Net Assets 398.60 429.60 349.60 240.00 311.70
           
Capital & Reserves          
Share Capital 71.30 71.30 71.30 71.30 71.30
Share Premium Account 111.70 111.70 111.70 111.70 111.70
Other Reserves 6.50 35.10 18.50 18.70 22.50
Retained Earnings 170.80 170.90 109.10 0.60 64.70
Shareholders Funds 360.30 389.00 310.60 202.30 270.20
           
Minority Interests/Other Equity 38.30 40.60 39.00 37.70 41.50
Total Equity 398.60 429.60 349.60 240.00 311.70
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 78.50 19.00 105.40 109.80 122.20
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 (60.20) (55.40) (13.10) (23.40) (53.40)
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 (2.00) 23.40 (112.20) (69.60) (70.00)
Net Increase/Decrease In Cash 16.30 (13.00) (19.90) 16.80 (1.20)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 11.3 9.3 13.2 16.4 11.3
PEG - Adjusted n/a 0.4 0.3 n/a 2.3
Earnings per Share Growth - Adjusted -26% 24% 43% -32% 5%
Dividend Cover 2.08 2.82 2.99 3.45 7.00
Revenue per Share 391.40p 391.31p 3.37p 319.88p 368.76p
Pre-Tax Profit per Share 27.32p 46.30p 0.37p (4.60p) 38.55p
Operating Margin 8.24% 12.66% 11.90% (0.20%) 12.02%
Return on Capital Employed 15.67% 24.41% 0.28% n/a 26.63%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.3 9.3 1,305.7 16.4 11.3
PEG - Adjusted n/a 0.0 n/a n/a 2.3
Earnings per Share Growth - Adjusted -26% 12,211% -99% -32% 5%
Dividend Cover 2.08 2.82 0.03 3.45 7.00
           
Dividend Yield 4.2% 3.8% 2.5% 1.8% 1.3%
Dividend per Share Growth n/a 31.87% 65.45% 37.50% (63.64%)
Operating Cash Flow per Share 27.56p 6.69p 37.03p 38.57p 42.94p
Cash Incr/Decr per Share 5.72p (4.57p) (0.071p) 5.90p (0.42p)
Net Asset Value per Share (exc. Intangibles) 75.98p 84.66p 58.50p 19.18p 37.56p
Net Gearing 64.47% 51.52% 31.07% 76.92% 82.01%

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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