Forterra (FORT)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

162.60p
   
  • Change Today:
      2.60p
  • 52 Week High: 194.80p
  • 52 Week Low: 123.80p
  • Currency: UK Pounds
  • Shares Issued: 212.95m
  • Volume: 210,441
  • Market Cap: £346.26m
  • RiskGrade: 199

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend2.40p4.60p3.20pn/a4.00p
Final Dividend2.00p10.10p6.70p2.80pn/a
Total Dividend4.40p14.70p9.90p2.80p4.00p
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 346.40 455.50 370.40 291.90 380.00
Operating Profit/(Loss) 24.10 75.00 60.10 1.40 60.70
Net Interest (7.00) (2.10) (3.30) (6.80) (2.50)
Profit Before Tax 17.10 72.90 56.80 (5.40) 58.20
Profit After Tax 12.80 58.80 45.50 (5.60) 46.80
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 12.80 58.80 45.50 (5.60) 46.80
Attributable to:          
Equity Holders of Parent Company 12.80 58.80 45.50 (5.60) 46.80
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 6.20p 27.20p 19.90p (2.60p) 23.60p
Earnings per Share - Diluted 6.20p 26.80p 19.70p (2.60p) 23.60p
Earnings per Share - Adjusted 11.40p 26.40p 19.90p (2.60p) 23.60p
Continuing and Discontinued EPS          
Earnings per Share - Basic 6.20p 27.20p 19.90p (2.60p) 23.60p
Earnings per Share - Diluted 6.20p 26.80p 19.70p (2.60p) 23.60p
Earnings per Share - Adjusted 11.40p 26.40p 19.90p (2.60p) 23.60p
           
Dividend per Share 4.40p 14.70p 9.90p 2.80p 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 273.80 251.80 217.90 196.10 196.30
Intangible Assets 19.20 23.60 17.70 11.00 18.20
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 5.00 n/a n/a n/a n/a
Other Non-Current Assets n/a n/a n/a n/a n/a
  298.00 275.40 235.60 207.10 214.50
Current Assets          
Inventories 95.80 43.00 32.80 33.00 47.80
Trade & Other Receivables 31.00 44.30 39.10 35.70 40.40
Cash at Bank & in Hand 16.00 34.30 41.50 31.50 26.60
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 3.90 0.60 1.00 0.60 n/a
  146.70 122.20 114.40 100.80 114.80
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 444.70 397.60 350.00 307.90 329.30
           
Liabilities          
Current Liabilities          
Borrowings 6.10 4.90 5.10 3.90 5.20
Other Current Liabilities 87.80 103.90 85.70 68.80 79.30
  93.90 108.80 90.80 72.70 84.50
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 127.30 53.30 12.00 21.00 78.70
Provisions 15.70 15.00 12.40 10.10 9.90
Other Non-Current Liabilities n/a n/a n/a n/a n/a
  143.00 68.30 24.40 31.10 88.60
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 236.90 177.10 115.20 103.80 173.10
           
Net Assets 207.80 220.50 234.80 204.10 156.20
           
Capital & Reserves          
Share Capital 2.10 2.10 2.30 2.30 2.00
Share Premium Account n/a n/a n/a n/a 157.80
Other Reserves (14.10) (15.00) 19.10 39.50 n/a
Retained Earnings 219.80 233.40 213.40 162.30 (3.60)
Shareholders Funds 207.80 220.50 234.80 204.10 156.20
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 207.80 220.50 234.80 204.10 156.20
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities (20.00) 75.60 68.20 40.30 52.60
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 (33.80) (41.20) (20.00) (24.90) (24.30)
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 35.50 (41.60) (38.20) (10.50) (27.70)
Net Increase/Decrease In Cash (18.30) (7.20) 10.00 4.90 0.60
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 15.5 7.1 13.9 n/a 14.7
PEG - Adjusted n/a 0.2 n/a n/a n/a
Earnings per Share Growth - Adjusted -57% 33% n/a n/a -11%
Dividend Cover 2.59 1.80 2.01 (0.93) 5.90
Revenue per Share 162.66p 213.90p 1.76p 137.07p 178.44p
Pre-Tax Profit per Share 8.03p 34.23p 0.27p (2.54p) 27.33p
Operating Margin 6.96% 16.47% 16.23% 0.48% 15.97%
Return on Capital Employed 7.14% 27.77% 0.25% 0.61% 26.19%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 15.5 7.1 1,374.0 n/a 14.7
PEG - Adjusted n/a 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted -57% 13,043% n/a n/a -11%
Dividend Cover 2.59 1.80 0.02 (0.93) 5.90
           
Dividend Yield 2.5% 7.9% 3.6% 1.1% 1.2%
Dividend per Share Growth (70.07%) 48.48% 253.57% (30.00%) (61.90%)
Operating Cash Flow per Share (9.39p) 35.50p 32.03p 18.92p 24.70p
Cash Incr/Decr per Share (8.59p) (3.38p) 0.047p 2.30p 0.28p
Net Asset Value per Share (exc. Intangibles) 88.56p 92.46p 101.95p 90.68p 64.80p
Net Gearing 56.50% 10.84% -10.39% -3.23% 36.68%

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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