Empiric Student Property (ESP)

Index:

FTSE 250

94.40p
   
  • Change Today:
    -0.20p
  • 52 Week High: 96.60
  • 52 Week Low: 83.70
  • Currency: UK Pounds
  • Shares Issued: 603.44m
  • Volume: 355,915
  • Market Cap: £569.65m
  • RiskGrade: 140

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
1st Interim0.81p0.62pn/an/a1.25p
2nd Interim0.81p0.62p0.62pn/a1.25p
3rd Interim0.94p0.62pn/an/a1.25p
4th Interim0.94p0.88pn/an/a1.25p
Total Dividend3.50p2.75p3.75pn/a5.00p
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 80.50 73.00 56.00 59.44 70.91
Operating Profit/(Loss) 71.40 81.20 39.90 (10.65) 67.51
Net Interest (17.60) (15.00) (12.40) (13.32) (12.74)
Profit Before Tax 53.40 67.70 29.20 (23.97) 54.77
Profit After Tax 53.40 67.70 29.20 (23.97) 54.77
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 53.40 67.70 29.20 (23.97) 54.77
Attributable to:          
Equity Holders of Parent Company 53.40 67.70 29.20 (23.97) 54.77
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 8.80p 11.20p 4.80p (3.97p) 9.08p
Earnings per Share - Diluted 8.80p 11.10p 4.80p (3.97p) 9.07p
Earnings per Share - Adjusted 11.20p 3.40p 1.60p 2.30p 4.43p
Continuing and Discontinued EPS          
Earnings per Share - Basic 8.80p 11.20p 4.80p (3.97p) 9.08p
Earnings per Share - Diluted 8.80p 11.10p 4.80p (3.97p) 9.07p
Earnings per Share - Adjusted 11.20p 3.40p 1.60p 2.30p 4.43p
           
Dividend per Share 3.40p 2.50p 2.50p n/a 5.00p
  £ (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 2.00 2.40 1.40 0.14 0.35
Intangible Assets 3.10 1.90 1.30 1.05 1.62
Investment Properties 1,075.70 1,065.70 995.90 1,005.12 1,029.08
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 n/a n/a n/a n/a n/a
  1,080.80 1,070.00 998.60 1,006.31 1,031.05
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 6.50 7.00 7.80 14.51 10.54
Cash at Bank & in Hand 40.50 55.80 37.10 33.93 16.52
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 22.50 13.70 25.90 n/a n/a
  69.50 76.50 70.80 48.44 27.06
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,150.30 1,146.50 1,069.40 1,054.75 1,058.11
           
Liabilities          
Current Liabilities          
Borrowings 56.60 0.10 44.80 n/a 42.67
Other Current Liabilities 58.30 57.90 49.90 36.20 43.58
  114.90 58.00 94.70 36.20 86.25
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 301.20 387.70 327.10 385.27 307.10
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a n/a n/a
  301.20 387.70 327.10 385.27 307.10
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 416.10 445.70 421.80 421.47 393.35
           
Net Assets 734.20 700.80 647.60 633.28 664.76
           
Capital & Reserves          
Share Capital 6.00 6.00 6.00 6.03 6.03
Share Premium Account 0.30 0.30 0.30 0.26 0.26
Other Reserves 424.10 444.70 459.90 475.04 482.58
Retained Earnings 303.80 249.80 181.40 151.95 175.89
Shareholders Funds 734.20 700.80 647.60 633.28 664.76
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 734.20 700.80 647.60 633.28 664.76
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 43.70 43.60 42.40 17.36 40.71
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 8.80 (9.40) 1.30 (14.68) (29.85)
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 (67.80) (15.50) (40.50) 14.73 (17.82)
Net Increase/Decrease In Cash (15.30) 18.70 3.20 17.41 (6.96)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 8.5 24.8 53.7 32.6 22.0
PEG - Adjusted 0.0 0.2 n/a n/a 0.6
Earnings per Share Growth - Adjusted 229% 112% -30% -48% 38%
Dividend Cover 3.29 1.36 0.64 n/a 0.89
Revenue per Share 13.34p 12.10p 0.094p 9.85p 11.75p
Pre-Tax Profit per Share 8.85p 11.22p 0.049p (3.97p) 9.08p
Operating Margin 88.70% 111.23% 71.25% (17.92%) 95.21%
Return on Capital Employed 6.52% 7.61% 0.04% n/a 6.67%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 8.5 24.8 5,324.9 32.6 22.0
PEG - Adjusted 0.0 0.0 n/a n/a 0.6
Earnings per Share Growth - Adjusted 229% 20,952% -99% -48% 38%
Dividend Cover 3.29 1.36 0.01 n/a 0.89
           
Dividend Yield 3.6% 3.0% 2.9% 0.0% 5.1%
Dividend per Share Growth 36.00% n/a n/a n/a n/a
Operating Cash Flow per Share 7.24p 7.23p 7.03p 2.88p 6.75p
Cash Incr/Decr per Share (2.54p) 3.10p 0.005p 2.88p (1.15p)
Net Asset Value per Share (exc. Intangibles) 121.16p 115.85p 107.14p 104.77p 109.89p
Net Gearing 43.22% 47.37% 51.70% 55.48% 50.13%

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.

 

Top of Page