Hargreaves Services (HSP)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

574.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 580.00
  • 52 Week Low: 383.00
  • Currency: UK Pounds
  • Shares Issued: 32.72m
  • Volume: 21,638
  • Market Cap: £187.81m
  • RiskGrade: 224

Dividend Data

  31-May-2331-May-2231-May-2131-May-2031-May-19
Interim Dividend3.00p2.80p2.70pn/a2.70p
Final Dividend6.00p5.60p4.50p4.50p4.50p
Total Dividend9.00p8.40p7.20p4.50p7.20p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-May-23 31-May-22 31-May-21 31-May-20 31-May-19
Continuing Operations          
Revenue 211.46 177.91 204.80 222.24 302.61
Operating Profit/(Loss) 11.80 6.23 (2.07) 1.30 (9.69)
Net Interest (0.95) 0.05 (1.24) (1.29) (1.70)
Profit Before Tax 27.16 32.16 14.37 2.15 (9.86)
Profit After Tax 27.93 32.51 16.41 4.27 (8.19)
Discontinued Operations          
Profit After Tax n/a 2.00 n/a n/a 3.53
PROFIT FOR THE PERIOD 27.93 34.51 16.41 4.27 (4.67)
Attributable to:          
Equity Holders of Parent Company 27.92 34.72 16.43 4.32 (4.74)
Minority Interests 0.01 (0.21) (0.02) (0.04) 0.07
           
Continuing EPS          
Earnings per Share - Basic 85.85p 100.45p 50.84p 13.40p (25.71p)
Earnings per Share - Diluted 84.13p 97.48p 49.38p 13.11p (25.71p)
Earnings per Share - Adjusted 86.28p 96.06p 70.66p 19.87p 15.30p
Continuing and Discontinued EPS          
Earnings per Share - Basic 85.85p 106.63p 50.84p 13.40p (14.75p)
Earnings per Share - Diluted 84.13p 103.48p 49.38p 13.11p (14.75p)
Earnings per Share - Adjusted 86.28p 96.06p 70.66p 19.87p 15.30p
           
Dividend per Share 9.00p 8.40p 7.20p 4.50p 7.20p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-May-23 31-May-22 31-May-21 31-May-20 31-May-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 50.68 32.00 27.58 31.41 45.53
Intangible Assets 5.68 4.82 4.82 9.42 10.98
Investment Properties 14.07 8.30 7.61 9.22 10.07
Investments 74.28 55.10 31.19 14.09 11.74
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 23.23 25.67 12.99 8.33 6.23
  167.94 125.89 84.19 72.46 84.55
Current Assets          
Inventories 39.30 30.48 27.17 64.01 48.04
Trade & Other Receivables 71.61 88.57 78.26 71.32 75.56
Cash at Bank & in Hand 21.86 13.77 28.30 18.50 21.58
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 5.11 6.75 1.78 11.53 19.57
  137.88 139.57 135.51 165.35 164.75
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 305.83 265.46 219.71 237.82 249.31
           
Liabilities          
Current Liabilities          
Borrowings 15.51 7.33 3.18 37.19 4.29
Other Current Liabilities 58.05 60.28 57.69 55.69 73.24
  73.56 67.60 60.87 92.88 77.53
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 20.84 11.05 8.59 9.44 35.22
Provisions 7.54 4.26 3.09 1.68 4.76
Other Non-Current Liabilities 2.90 2.70 2.87 3.77 4.32
  31.28 18.01 14.54 14.88 44.30
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 104.84 85.61 75.41 107.76 121.83
           
Net Assets 200.99 179.85 144.30 130.05 127.48
           
Capital & Reserves          
Share Capital 3.31 3.31 3.31 3.31 3.31
Share Premium Account 73.97 73.97 73.96 73.96 73.96
Other Reserves 4.78 3.29 2.60 4.08 3.31
Retained Earnings 119.14 99.49 64.44 48.70 46.84
Shareholders Funds 201.20 180.07 144.31 130.05 127.42
           
Minority Interests/Other Equity (0.21) (0.22) (0.01) n/a 0.06
Total Equity 200.99 179.85 144.30 130.05 127.48
Cash Flow 31-May-23 31-May-22 31-May-21 31-May-20 31-May-19
Net Cash Flow From Operating Activities 31.51 (8.53) 45.23 (7.06) 23.05
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 (3.85) 5.49 5.80 9.12 3.80
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 (19.42) (11.77) (40.41) (5.22) (21.39)
Net Increase/Decrease In Cash 8.24 (14.80) 10.62 (3.15) 5.46
Ratios - based on IFRS 31-May-23 31-May-22 31-May-21 31-May-20 31-May-19
Continuing Operations          
PE Ratio - Adjusted 4.6 5.7 5.3 10.1 15.0
PEG - Adjusted n/a 0.2 0.0 0.3 5.0
Earnings per Share Growth - Adjusted -10% 36% 256% 30% 3%
Dividend Cover 9.59 11.44 9.81 4.42 2.13
Revenue per Share 646.27p 543.73p 6.32p 679.22p 924.86p
Pre-Tax Profit per Share 82.99p 98.29p 0.44p 6.57p (30.13p)
Operating Margin 5.58% 3.50% (1.01%) 0.59% (3.20%)
Return on Capital Employed 11.75% 16.24% 0.10% 2.04% n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 4.6 5.7 530.0 10.1 15.0
PEG - Adjusted n/a 0.0 n/a 0.3 5.0
Earnings per Share Growth - Adjusted -10% 13,368% -96% 30% 3%
Dividend Cover 9.59 11.44 0.10 4.42 2.13
           
Dividend Yield 2.3% 1.5% 1.9% 2.3% 3.1%
Dividend per Share Growth 7.14% 16.67% 60.00% (37.50%) n/a
Operating Cash Flow per Share 96.29p (26.06p) 138.22p (21.57p) 70.44p
Cash Incr/Decr per Share 25.18p (45.24p) 0.33p (9.64p) 16.68p
Net Asset Value per Share (exc. Intangibles) 596.90p 534.92p 426.26p 368.69p 356.03p
Net Gearing 7.20% 2.55% -11.46% 21.62% 14.07%

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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