Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

181.60p
   
  • Change Today:
    -3.40p
  • 52 Week High: 189.70
  • 52 Week Low: 136.90
  • Currency: UK Pounds
  • Shares Issued: 1,085.45m
  • Volume: 2,115,976
  • Market Cap: £1,971.18m
  • RiskGrade: 174

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend1.14p0.94pn/an/an/a
Final Dividend2.27p1.92p1.61p1.40pn/a
Total Dividend3.41p2.86p0.80p1.40pn/a
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 4,873.80 4,534.00 4,424.60 3,884.80 3,248.40
Operating Profit/(Loss) 225.00 205.20 207.50 166.50 75.00
Net Interest (20.40) (20.40) (24.00) (25.90) (21.80)
Profit Before Tax 247.00 196.80 192.20 140.80 80.70
Profit After Tax 202.40 155.00 303.90 134.00 50.60
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 202.40 155.00 303.90 134.00 50.60
Attributable to:          
Equity Holders of Parent Company 202.40 155.40 303.90 133.80 50.40
Minority Interests n/a (0.40) n/a 0.20 0.20
           
Continuing EPS          
Earnings per Share - Basic 18.23p 13.03p 24.86p 10.89p 4.31p
Earnings per Share - Diluted 17.93p 12.79p 24.43p 10.67p 4.21p
Earnings per Share - Adjusted 15.61p 14.18p 12.78p 9.90p 6.54p
Continuing and Discontinued EPS          
Earnings per Share - Basic 18.23p 13.03p 24.86p 10.89p 4.31p
Earnings per Share - Diluted 17.93p 12.79p 24.43p 10.67p 4.21p
Earnings per Share - Adjusted 15.61p 14.18p 12.78p 9.90p 6.54p
           
Dividend per Share 3.41p 2.86p 2.41p 1.40p n/a
  £ (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 485.20 482.30 472.20 441.70 392.60
Intangible Assets 1,022.30 1,103.00 996.70 750.20 770.70
Investment Properties n/a n/a n/a n/a n/a
Investments 32.10 23.30 17.60 19.20 23.60
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 287.90 327.60 396.70 223.10 168.70
  1,827.50 1,936.20 1,883.20 1,434.20 1,355.60
Current Assets          
Inventories 24.10 22.40 19.60 21.40 18.30
Trade & Other Receivables 329.00 374.60 305.70 313.50 319.90
Cash at Bank & in Hand 94.40 57.20 198.40 335.70 89.50
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 335.30 359.80 327.10 305.50 297.30
  782.80 814.00 850.80 976.10 725.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 2,610.30 2,750.20 2,734.00 2,410.30 2,080.60
           
Liabilities          
Current Liabilities          
Borrowings 191.00 188.90 191.20 199.00 140.70
Other Current Liabilities 706.80 835.30 686.10 669.20 636.00
  897.80 1,024.20 877.30 868.20 776.70
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 468.90 520.00 616.10 592.40 534.20
Provisions 128.30 127.30 158.30 142.80 130.10
Other Non-Current Liabilities 81.60 49.00 73.90 91.90 96.70
  678.80 696.30 848.30 827.10 761.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 1,576.60 1,720.50 1,725.60 1,695.30 1,537.70
           
Net Assets 1,033.70 1,029.70 1,008.40 715.00 542.90
           
Capital & Reserves          
Share Capital 22.10 24.40 24.40 24.70 24.50
Share Premium Account 463.10 463.10 463.10 463.10 462.90
Other Reserves (110.30) (129.90) (23.60) (76.90) (111.90)
Retained Earnings 659.10 670.60 542.80 302.40 165.90
Shareholders Funds 1,034.00 1,028.20 1,006.70 713.30 541.40
           
Minority Interests/Other Equity (0.30) 1.50 1.70 1.70 1.50
Total Equity 1,033.70 1,029.70 1,008.40 715.00 542.90
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 393.10 327.20 349.90 268.50 102.90
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 (5.40) (35.30) (232.30) 0.60 (190.50)
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 (347.90) (436.80) (250.10) (24.70) 116.40
Net Increase/Decrease In Cash 39.80 (144.90) (132.50) 244.40 28.80
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 10.4 11.0 10.5 12.1 24.8
PEG - Adjusted 1.0 1.0 0.4 0.2 n/a
Earnings per Share Growth - Adjusted 10% 11% 29% 51% -20%
Dividend Cover 4.58 4.96 5.30 7.07 n/a
Revenue per Share 439.00p 380.31p 3.65p 316.07p 277.31p
Pre-Tax Profit per Share 22.25p 16.51p 0.16p 11.46p 6.89p
Operating Margin 4.62% 4.53% 4.69% 4.29% 2.31%
Return on Capital Employed 33.44% 28.47% 0.22% 18.54% 17.76%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.4 11.0 1,043.4 12.1 24.8
PEG - Adjusted 1.0 0.0 n/a 0.2 n/a
Earnings per Share Growth - Adjusted 10% 10,892% -99% 51% -20%
Dividend Cover 4.58 4.96 0.05 7.07 n/a
           
Dividend Yield 2.1% 1.8% 1.8% 1.2% 0.0%
Dividend per Share Growth 19.23% 18.67% 72.14% n/a n/a
Operating Cash Flow per Share 35.41p 27.45p 28.62p 21.84p 8.78p
Cash Incr/Decr per Share 3.58p (12.15p) (0.11p) 19.88p 2.46p
Net Asset Value per Share (exc. Intangibles) 1.03p (6.15p) 0.96p (2.86p) (19.45p)
Net Gearing 54.69% 63.38% 60.48% 63.89% 108.13%

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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