Croda International (CRDA)

Sector:

Industrial Chemicals

Index:

FTSE 100

4,244.00p
   
  • Change Today:
    131.00p
  • 52 Week High: 5,375.00p
  • 52 Week Low: 4,070.00p
  • Currency: UK Pounds
  • Shares Issued: 128.89m
  • Volume: 284,571
  • Market Cap: £5,470m
  • RiskGrade: 199

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-18 31-Dec-17 31-Dec-14 31-Dec-13 31-Dec-12
Annualisation Factor 1.0 0.3 1.0 1.0 1.0
Dividend Yield 1.9% 1.8% 2.5% 2.6% 2.5%
           
Continuing Operations          
PE Ratio - Adjusted 24.7 24.8 21.3 18.6 19.5
PE Ratio - Diluted 26.0
25.2
24.8
24.4
22.0
21.5
18.9
18.7
19.8
19.6
PEG - Adjusted 4.1 0.6 n/a 2.3 9.8
PEG - Diluted 26.0
12.6
0.5
0.5
n/a
n/a
2.4
2.3
9.9
19.6
Return on Capital Employed 28.06%
28.71%
11.32%
11.47%
46.13%
47.10%
55.56%
56.00%
56.24%
56.53%
Operating Margin 23.71%
24.26%
23.74%
24.07%
23.16%
23.65%
24.45%
24.64%
24.23%
24.36%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 24.7 74.3 21.3 18.6 19.5
PE Ratio - Diluted 26.0
25.5
74.3
73.2
22.0
21.5
18.9
18.7
21.5
19.6
PEG - Adjusted 0.1 n/a n/a 2.3 n/a
PEG - Diluted 0.1
0.1
n/a
n/a
n/a
n/a
1.1
2.1
n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-18 31-Dec-17 31-Dec-14 31-Dec-13 31-Dec-12
Net Gearing 42.96% 46.39% 37.32% 48.95% 60.34%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-18 31-Dec-17 31-Dec-14 31-Dec-13 31-Dec-12
Price/Book Value 11.4 13.1 14.8 18.5 24.4
Price/Tangible Book Value 11.5 13.3 15.2 19.2 24.4
Price/ Cash Flow 23.6 22.1 20.7 17.4 23.2
Price/Revenue 4.45 12.70 3.45 3.09 3.05
Price/R&D n/a n/a 159.2 149.3 163.5
Net Asset Value per Share (exc. Intangibles) 413.00p 338.37p 180.15p 133.06p 97.47p
Net Cash per Share n/a n/a 16.75p 16.49p 14.56p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-18 31-Dec-17 31-Dec-14 31-Dec-13 31-Dec-12
Continuing Operations          
Revenue 1,386.90 457.28 1,046.60 1,077.00 1,051.90
EBITDA 385.00
392.60
126.32
127.82
279.40
284.50
297.20
299.30
287.00
288.30
Depreciation (56.20)
(56.20)
(17.75)
(17.75)
(37.00)
(37.00)
(33.90)
(33.90)
(32.10)
(32.10)
Net Interest (11.00)
(11.00)
(3.96)
(3.96)
(13.00)
(13.00)
(13.20)
(13.20)
(16.60)
(16.60)
Profit Before Tax 317.80
325.40
104.60
106.10
229.40
234.50
250.10
252.20
238.30
239.60
           
Revenue per Share 1,054.68p 348.80p 772.40p 796.60p 781.50p
Pre-Tax Profit per Share 241.67p
247.45p
79.79p
80.93p
169.30p
173.06p
184.99p
186.54p
177.04p
178.01p
Market Capitalisation £ (Millions) 6,176.82 5,821.63 3,733.55 3,446.03 3,221.79
Enterprise Value (EV) £ (Millions) 6,673.52 6,266.43 3,961.35 3,685.73 3,483.29
EBITDA/EV 5.77%
5.88%
2.02%
2.04%
7.05%
7.18%
8.06%
8.12%
8.24%
8.28%
Operating Margin 23.71%
24.26%
23.74%
24.07%
23.16%
23.65%
24.45%
24.64%
24.23%
24.36%
Capital Employed £ (Millions) 1,171.60 959.20 525.50 473.90 453.20
Return on Capital Employed 28.06%
28.71%
11.32%
11.47%
46.13%
47.10%
55.56%
56.00%
56.24%
56.53%
Invested Equity Capital £ (Millions) 1,122.30 893.10 536.50 467.40 404.70
           
Earnings per Share - Basic 181.40p
187.15p
180.80p
183.60p
121.90p
125.02p
131.20p
132.84p
121.90p
122.96p
Earnings per Share - Diluted 180.40p
186.16p
179.00p
181.80p
121.20p
124.28p
130.10p
131.67p
120.30p
121.33p
Earnings per Share - Adjusted 190.20p 179.00p 125.20p 132.20p 122.10p
Earnings per Share Growth - Basic 0%
2%
48%
47%
-7%
-6%
8%
8%
2%
1%
Earnings per Share Growth - Diluted 1%
2%
48%
46%
-7%
-6%
8%
8%
2%
1%
Earnings per Share Growth - Adjusted 6% 43% -5% 8% 2%
PE Ratio - Diluted 26.0
25.2
24.8
24.4
22.0
21.5
18.9
18.7
19.8
19.6
PEG - Diluted 26.0
12.6
0.5
0.5
n/a
n/a
2.4
2.3
9.9
19.6
Tax Rate 25.02% 24.64% 27.99% 28.87% 31.10%
Dividend Cover 2.19
2.15
2.21
2.27
1.91
1.91
2.05
2.06
2.05
2.07
Interest Cover 27.26
27.89
26.13
26.49
17.62
17.99
18.25
18.39
14.39
14.46
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 181.40p
185.09p
60.21p
61.14p
121.90p
125.02p
131.20p
132.84p
112.10p
122.88p
Earnings per Share - Diluted 180.40p
184.12p
59.61p
60.54p
121.20p
124.28p
130.10p
131.67p
110.60p
121.26p
Earnings per Share - Adjusted 190.20p 59.61p 125.20p 132.20p 122.10p
Earnings per Share Growth - Basic 201%
203%
-51%
-51%
-7%
-6%
17%
8%
-9%
-1%
Earnings per Share Growth - Diluted 203%
204%
-51%
-51%
-7%
-6%
18%
9%
-9%
-1%
Earnings per Share Growth - Adjusted 219% -52% -5% 8% -0%
PE Ratio - Diluted 26.0
25.5
74.3
73.2
22.0
21.5
18.9
18.7
21.5
19.6
PEG - Diluted 0.1
0.1
n/a
n/a
n/a
n/a
1.1
2.1
n/a
n/a
Dividend Cover 2.19
2.13
0.74
0.75
1.91
1.91
2.05
2.06
2.05
2.07
Return on Equity (ROE) 21.25%
21.69%
8.84%
8.98%
30.81%
31.58%
37.98%
38.43%
37.31%
40.87%
Operating Cash Flow per Share 199.24p 200.23p 128.86p 141.49p 102.67p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (14.07p) 0.10p 16.46p (18.64p) 9.96p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 87.00p 81.00p 65.50p 64.50p 59.50p
Dividend per Share Growth 7.41% 23.66% 1.55% 8.40% 8.18%
Dividend Yield 1.9% 1.8% 2.5% 2.6% 2.5%
Shareholders Funds 990.50 822.30 482.90 413.10 344.20
Net Borrowings £ (Millions) 425.50 381.50 180.20 202.20 207.70
Net Asset Value per Share (inc. Intangibles) 407.30p 332.57p 175.65p 128.40p 97.40p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-18 31-Dec-17 31-Dec-14 31-Dec-13 31-Dec-12
Shareholders' Funds inc Intangibles 990.50 822.30 482.90 413.10 344.20
Net Borrowings £ (Millions) 425.50 381.50 180.20 202.20 207.70
Net Gearing 42.96% 46.39% 37.32% 48.95% 60.34%
Cash & Near Cash 71.20 63.30 47.60 37.50 53.80
Cash 7.19% 7.70% 9.86% 9.08% 15.63%
Gross Borrowings 496.70 444.80 227.80 239.70 261.50
Gross Gearing 50.15% 54.09% 47.17% 58.02% 75.97%
Borrowings Under 5 years 496.70 444.80 227.80 239.70 261.50
Under 5 years 50.15% 54.09% 47.17% 58.02% 75.97%
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-14 31-Dec-13 31-Dec-12
Shareholders' Funds exc Intangibles 535.60 436.00 238.00 173.60 131.10
Net Borrowings £ (Millions) 425.50 381.50 180.20 202.20 207.70
Net Gearing 79.44% 87.50% 75.71% 116.47% 158.43%
Cash & Near Cash 71.20 63.30 47.60 37.50 53.80
Cash 13.29% 14.52% 20.00% 21.60% 41.04%
Gross Borrowings 496.70 444.80 227.80 239.70 261.50
Gross Gearing 92.74% 102.02% 95.71% 138.08% 199.47%
Borrowings Under 5 years 496.70 444.80 227.80 239.70 261.50
Under 5 years 92.74% 102.02% 95.71% 138.08% 199.47%
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-14 31-Dec-13 31-Dec-12
Quick Ratio 1.05 0.98 0.97 0.91 1.24
Current Ratio 2.03 1.93 1.98 1.91 2.22

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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