Centrica (CNA)

Sector:

Utilities

Index:

FTSE 250

39.23p
   
  • Change Today:
      1.23p
  • 52 Week High: 93.50
  • 52 Week Low: 30.21
  • Currency: UK Pounds
  • Shares Issued: 5,838m
  • Volume: 19,213,012
  • Market Cap: £2,290.37m
  • RiskGrade: 319

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-18 31-Dec-17 31-Dec-15 31-Dec-14 31-Dec-13
Annualisation Factor 1.0 0.5 1.0 1.0 1.0
Dividend Yield 8.9% 8.7% 5.5% 4.8% 4.9%
           
Continuing Operations          
PE Ratio - Adjusted 12.0 11.0 12.7 15.5 13.1
PE Ratio - Diluted 42.2
25.9
23.3
13.3
n/a
7.7
n/a
12.6
19.0
12.3
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
n/a
0.3
n/a
n/a
n/a
n/a
Return on Capital Employed 13.77%
16.14%
2.91%
7.12%
n/a
18.16%
n/a
19.10%
17.32%
24.52%
Operating Margin 4.32%
5.05%
1.63%
4.37%
(3.73%)
4.28%
(4.32%)
5.70%
6.48%
9.53%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.0 22.0 12.7 15.5 13.1
PE Ratio - Diluted 42.2
25.9
46.6
26.7
n/a
7.3
n/a
12.6
19.0
12.3
PEG - Adjusted 0.2 n/a n/a n/a n/a
PEG - Diluted 4.7
25.9
n/a
n/a
n/a
0.2
n/a
n/a
n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-18 31-Dec-17 31-Dec-15 31-Dec-14 31-Dec-13
Net Gearing 110.84% 127.04% 476.06% 232.72% 102.31%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-18 31-Dec-17 31-Dec-15 31-Dec-14 31-Dec-13
Price/Book Value (14.9) (8.5) (4.4) (9.2) 33.6
Price/Tangible Book Value (5.8) (4.7) (4.1) (7.5) 38.3
Price/ Cash Flow 3.9 4.1 5.0 11.5 6.1
Price/Revenue 0.33 0.54 0.39 0.48 0.67
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (9.03p) (16.15p) (49.53p) (30.45p) 10.35p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-18 31-Dec-17 31-Dec-15 31-Dec-14 31-Dec-13
Continuing Operations          
Revenue 23,304.00 13,998.32 27,971.00 29,408.00 26,571.00
EBITDA 2,064.00
2,234.00
702.04
1,084.51
(1,044.00)
1,198.00
(97.00)
2,634.00
750.00
1,401.00
Depreciation (1,058.00)
(1,058.00)
(473.35)
(473.35)
n/a
n/a
(1,172.00)
(959.00)
971.00
1,132.00
Net Interest (412.00)
(412.00)
(171.76)
(171.76)
(279.00)
(279.00)
(266.00)
(266.00)
(243.00)
(243.00)
Profit Before Tax 575.00
745.00
68.41
416.43
(1,136.00)
1,032.00
(1,403.00)
1,515.00
1,649.00
2,436.00
           
Revenue per Share 414.44p 252.81p 558.19p 585.58p 515.94p
Pre-Tax Profit per Share 10.23p
13.25p
1.23p
7.52p
(22.67p)
20.59p
(27.94p)
30.17p
32.02p
47.30p
Market Capitalisation £ (Millions) 7,684.76 7,689.19 n/a 14,077.20 18,080.16
Enterprise Value (EV) £ (Millions) 11,042.76 12,766.19 5,693.00 20,347.20 23,378.16
EBITDA/EV 18.69%
20.23%
5.50%
8.50%
(18.34%)
21.04%
(0.48%)
12.95%
3.21%
5.99%
Operating Margin 4.32%
5.05%
1.63%
4.37%
(3.73%)
4.28%
(4.32%)
5.70%
6.48%
9.53%
Capital Employed £ (Millions) 7,170.00 8,262.00 7,221.00 9,323.00 10,924.00
Return on Capital Employed 13.77%
16.14%
2.91%
7.12%
n/a
18.16%
n/a
19.10%
17.32%
24.52%
Invested Equity Capital £ (Millions) 6,069.00 5,561.00 4,115.00 6,601.00 9,552.00
           
Earnings per Share - Basic 3.30p
5.25p
5.90p
10.38p
(14.90p)
28.36p
(20.20p)
22.18p
18.40p
28.45p
Earnings per Share - Diluted 3.20p
5.20p
5.90p
10.31p
(14.90p)
28.14p
(20.20p)
22.06p
18.30p
28.27p
Earnings per Share - Adjusted 11.20p 12.50p 17.20p 18.00p 26.60p
Earnings per Share Growth - Basic -44%
-50%
n/a
-63%
n/a
28%
n/a
-22%
-23%
-4%
Earnings per Share Growth - Diluted -46%
-50%
n/a
-63%
n/a
28%
n/a
-22%
-23%
-4%
Earnings per Share Growth - Adjusted -10% -27% -4% -32% n/a
PE Ratio - Diluted 42.2
25.9
23.3
13.3
n/a
7.7
n/a
12.6
19.0
12.3
PEG - Diluted n/a
n/a
n/a
n/a
n/a
0.3
n/a
n/a
n/a
n/a
Tax Rate 56.06% (141.23%) 19.05% 25.93% 47.29%
Dividend Cover 0.93
0.44
1.04
0.87
1.43
2.36
1.33
1.64
1.56
1.67
Interest Cover 2.31
2.70
1.38
3.29
(2.40)
4.09
(3.41)
5.76
6.55
9.20
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 3.30p
5.25p
2.95p
5.18p
(14.90p)
30.09p
(20.20p)
22.18p
18.40p
28.45p
Earnings per Share - Diluted 3.20p
5.20p
2.95p
5.15p
(14.90p)
29.87p
(20.20p)
22.06p
18.30p
28.27p
Earnings per Share - Adjusted 11.20p 6.24p 17.20p 18.00p 26.60p
Earnings per Share Growth - Basic 12%
1%
n/a
-83%
n/a
36%
n/a
-22%
-23%
-4%
Earnings per Share Growth - Diluted 9%
1%
n/a
-83%
n/a
35%
n/a
-22%
-23%
-4%
Earnings per Share Growth - Adjusted 79% -64% -4% -32% n/a
PE Ratio - Diluted 42.2
25.9
46.6
26.7
n/a
7.3
n/a
12.6
19.0
12.3
PEG - Diluted 4.7
25.9
n/a
n/a
n/a
0.2
n/a
n/a
n/a
n/a
Dividend Cover 0.93
0.44
0.52
0.43
1.43
2.51
1.33
1.64
1.56
1.67
Return on Equity (ROE) 3.02%
4.86%
2.95%
5.16%
(18.15%)
36.65%
(15.33%)
16.88%
9.95%
15.34%
Operating Cash Flow per Share 34.39p 33.23p 43.84p 24.23p 57.09p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (28.69p) 7.23p 5.09p (1.93p) (3.92p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 12.00p 12.00p 12.00p 13.50p 17.00p
Dividend per Share Growth n/a n/a (11.11%) (20.59%) 3.66%
Dividend Yield 8.9% 8.7% 5.5% 4.8% 4.9%
Shareholders Funds 3,145.00 2,703.00 1,178.00 2,735.00 5,192.00
Net Borrowings £ (Millions) 3,486.00 3,434.00 5,608.00 6,365.00 5,312.00
Net Asset Value per Share (inc. Intangibles) (23.32p) (29.31p) (52.80p) (37.14p) 9.09p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-18 31-Dec-17 31-Dec-15 31-Dec-14 31-Dec-13
Shareholders' Funds inc Intangibles 3,145.00 2,703.00 1,178.00 2,735.00 5,192.00
Net Borrowings £ (Millions) 3,486.00 3,434.00 5,608.00 6,365.00 5,312.00
Net Gearing 110.84% 127.04% 476.06% 232.72% 102.31%
Cash & Near Cash 1,268.00 2,864.00 1,158.00 621.00 719.00
Cash 40.32% 105.96% 98.30% 22.71% 13.85%
Gross Borrowings 4,754.00 6,298.00 6,766.00 6,986.00 6,031.00
Gross Gearing 151.16% 233.00% 574.36% 255.43% 116.16%
Borrowings Under 5 years 4,754.00 6,298.00 6,766.00 6,986.00 6,031.00
Under 5 years 151.16% 233.00% 574.36% 255.43% 116.16%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-18 31-Dec-17 31-Dec-15 31-Dec-14 31-Dec-13
Shareholders' Funds exc Intangibles (1,311.00) (1,623.00) (2,646.00) (1,865.00) 468.00
Net Borrowings £ (Millions) 3,486.00 3,434.00 5,608.00 6,365.00 5,312.00
Net Gearing n/a n/a n/a n/a 1,135.04%
Cash & Near Cash 1,268.00 2,864.00 1,158.00 621.00 719.00
Cash (96.72%) (176.46%) (43.76%) (33.30%) 153.63%
Gross Borrowings 4,754.00 6,298.00 6,766.00 6,986.00 6,031.00
Gross Gearing 362.62% 388.05% 255.71% 374.58% 1,288.68%
Borrowings Under 5 years 4,754.00 6,298.00 6,766.00 6,986.00 6,031.00
Under 5 years (362.62%) (388.05%) (255.71%) (374.58%) 1,288.68%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-18 31-Dec-17 31-Dec-15 31-Dec-14 31-Dec-13
Quick Ratio 0.98 1.17 0.88 0.79 0.87
Current Ratio 1.03 1.23 0.93 0.84 0.94

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

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: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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