Senior (SNR)

Sector:

Defense and Aeronautics

Index:

FTSE 250

179.80p
   
  • Change Today:
      2.30p
  • 52 Week High: 260.00
  • 52 Week Low: 174.00
  • Currency: UK Pounds
  • Shares Issued: 419.42m
  • Volume: 158,236
  • Market Cap: £754.11m
  • RiskGrade: 119
  • Beta: 0.83

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 1.9% 1.7% 2.3% 2.2% 2.1%
           
Continuing Operations          
PE Ratio - Adjusted 15.3 16.2 11.2 11.8 12.5
PE Ratio - Diluted 20.1
17.2
18.1
17.0
12.6
12.1
13.2
13.0
15.4
13.8
PEG - Adjusted 3.8 2.3 0.5 0.6 0.4
PEG - Diluted n/a
n/a
2.6
1.7
0.5
0.5
0.4
0.7
7.7
0.4
Return on Capital Employed 33.97%
38.32%
37.65%
41.73%
45.24%
46.50%
46.12%
46.63%
36.40%
41.43%
Operating Margin 10.95%
12.35%
12.08%
13.38%
13.17%
13.54%
13.18%
13.32%
10.97%
12.49%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 15.3 16.2 11.2 11.8 12.5
PE Ratio - Diluted 20.1
17.2
18.1
17.0
12.0
12.0
12.9
12.8
15.4
13.8
PEG - Adjusted 3.8 2.3 0.5 0.6 0.4
PEG - Diluted n/a
n/a
9.0
2.1
0.5
0.5
0.4
0.6
7.7
0.4

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Net Gearing 25.51% 16.38% 22.66% 33.66% 28.20%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Price/Book Value 10.4 10.7 11.0 13.9 12.2
Price/Tangible Book Value 10.4 10.7 11.0 13.9 12.2
Price/ Cash Flow 14.2 13.8 9.8 8.9 8.6
Price/Revenue 1.54 1.64 1.15 1.10 1.06
Price/R&D 109.8 98.8 63.7 58.3 56.8
Net Asset Value per Share (exc. Intangibles) 29.02p 28.70p 18.14p 12.31p 12.34p
Net Cash per Share 2.76p 3.11p 3.13p 2.94p 2.65p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Continuing Operations          
Revenue 820.80 775.10 712.00 622.30 566.90
EBITDA 131.40
133.50
132.80
130.20
118.90
121.50
105.00
105.90
95.50
95.40
Depreciation (41.50)
(32.10)
(39.20)
(26.50)
(25.10)
(25.10)
(23.00)
(23.00)
(33.30)
(24.60)
Net Interest (9.00)
(9.00)
(9.50)
(9.50)
(10.30)
(10.30)
(10.30)
(10.30)
(10.10)
(10.10)
Profit Before Tax 80.60
92.10
83.80
93.90
83.40
86.00
71.70
72.60
52.10
60.70
           
Revenue per Share 197.17p 186.91p 174.30p 154.80p 141.87p
Pre-Tax Profit per Share 19.36p
22.12p
20.21p
22.64p
20.42p
21.05p
17.84p
18.06p
13.04p
15.19p
Market Capitalisation £ (Millions) 1,267.62 1,277.75 826.14 687.76 604.16
Enterprise Value (EV) £ (Millions) 1,385.12 1,390.05 941.54 809.06 722.46
EBITDA/EV 9.49%
9.64%
9.55%
9.37%
12.63%
12.90%
12.98%
13.09%
13.22%
13.20%
Operating Margin 10.95%
12.35%
12.08%
13.38%
13.17%
13.54%
13.18%
13.32%
10.97%
12.49%
Capital Employed £ (Millions) 263.80 247.80 207.10 177.80 170.90
Return on Capital Employed 33.97%
38.32%
37.65%
41.73%
45.24%
46.50%
46.12%
46.63%
36.40%
41.43%
Invested Equity Capital £ (Millions) 436.40 378.00 330.50 282.30 227.80
           
Earnings per Share - Basic 15.25p
17.87p
17.22p
18.33p
16.30p
16.89p
13.43p
13.61p
10.11p
11.31p
Earnings per Share - Diluted 15.06p
17.65p
17.00p
18.09p
15.90p
16.48p
12.97p
13.14p
9.77p
10.93p
Earnings per Share - Adjusted 19.84p 19.00p 17.75p 14.55p 12.01p
Earnings per Share Growth - Basic -11%
-2%
6%
8%
21%
24%
33%
20%
3%
37%
Earnings per Share Growth - Diluted -11%
-2%
7%
10%
23%
25%
33%
20%
2%
36%
Earnings per Share Growth - Adjusted 4% 7% 22% 21% 35%
PE Ratio - Diluted 20.1
17.2
18.1
17.0
12.6
12.1
13.2
13.0
15.4
13.8
PEG - Diluted n/a
n/a
2.6
1.7
0.5
0.5
0.4
0.7
7.7
0.4
Tax Rate 21.14% 14.74% 20.12% 24.69% 22.46%
Dividend Cover 3.52
3.17
3.71
3.58
3.82
3.63
3.83
3.58
3.85
3.63
Interest Cover 9.86
11.12
9.64
10.68
8.87
9.11
7.76
7.85
5.92
6.73
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 15.25p
17.87p
17.22p
18.33p
17.11p
17.09p
13.68p
13.86p
10.11p
11.31p
Earnings per Share - Diluted 15.06p
17.65p
17.00p
18.09p
16.69p
16.67p
13.21p
13.38p
9.77p
10.93p
Earnings per Share - Adjusted 19.84p 19.00p 17.75p 14.55p 12.01p
Earnings per Share Growth - Basic -11%
-2%
1%
7%
25%
23%
35%
22%
3%
37%
Earnings per Share Growth - Diluted -11%
-2%
2%
8%
26%
25%
35%
22%
2%
36%
Earnings per Share Growth - Adjusted 4% 7% 22% 21% 35%
PE Ratio - Diluted 20.1
17.2
18.1
17.0
12.0
12.0
12.9
12.8
15.4
13.8
PEG - Diluted n/a
n/a
9.0
2.1
0.5
0.5
0.4
0.6
7.7
0.4
Dividend Cover 3.52
3.17
3.71
3.58
3.82
3.67
3.83
3.65
3.85
3.63
Return on Equity (ROE) 14.55%
17.05%
18.89%
20.11%
21.15%
21.12%
19.48%
19.73%
17.73%
19.84%
Operating Cash Flow per Share 21.28p 22.28p 20.39p 19.18p 17.57p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (10.74p) 2.75p 4.21p (6.59p) 9.16p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 5.63p 5.12p 4.65p 3.80p 3.12p
Dividend per Share Growth 9.96% 10.11% 22.37% 21.79% 20.00%
Dividend Yield 1.9% 1.7% 2.3% 2.2% 2.1%
Shareholders Funds 411.60 361.50 312.90 276.30 225.90
Net Borrowings £ (Millions) 105.00 59.20 70.90 93.00 63.70
Net Asset Value per Share (inc. Intangibles) 29.02p 28.70p 18.14p 12.31p 12.34p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Shareholders' Funds inc Intangibles 411.60 361.50 312.90 276.30 225.90
Net Borrowings £ (Millions) 105.00 59.20 70.90 93.00 63.70
Net Gearing 25.51% 16.38% 22.66% 33.66% 28.20%
Cash & Near Cash 13.20 53.10 44.50 29.30 56.00
Cash 3.21% 14.69% 14.22% 10.60% 24.79%
Gross Borrowings 118.20 112.30 115.40 122.30 119.70
Gross Gearing 28.72% 31.07% 36.88% 44.26% 52.99%
Borrowings Under 5 years 118.20 112.30 115.40 122.30 119.70
Under 5 years 28.72% 31.07% 36.88% 44.26% 52.99%
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-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Shareholders' Funds exc Intangibles 120.80 119.00 74.10 49.50 49.30
Net Borrowings £ (Millions) 105.00 59.20 70.90 93.00 63.70
Net Gearing 86.92% 49.75% 95.68% 187.88% 129.21%
Cash & Near Cash 13.20 53.10 44.50 29.30 56.00
Cash 10.93% 44.62% 60.05% 59.19% 113.59%
Gross Borrowings 118.20 112.30 115.40 122.30 119.70
Gross Gearing 97.85% 94.37% 155.74% 247.07% 242.80%
Borrowings Under 5 years 118.20 112.30 115.40 122.30 119.70
Under 5 years 97.85% 94.37% 155.74% 247.07% 242.80%
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-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Quick Ratio 0.81 1.01 1.03 0.90 1.15
Current Ratio 1.45 1.61 1.67 1.50 1.79

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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