Avon Rubber (AVON)

Sector:

Defense and Aeronautics

Index:

FTSE 250

3,685.00p
   
  • Change Today:
    125.00p
  • 52 Week High: 3,710.00
  • 52 Week Low: 1,252.00
  • Currency: UK Pounds
  • Shares Issued: 31.02m
  • Volume: 73,193
  • Market Cap: £1,143.20m
  • RiskGrade: 241

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Sep-11 30-Sep-10 30-Sep-09
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 1.1% 0.9% 0.0%
       
Continuing Operations      
PE Ratio - Adjusted 9.1 7.5 5.4
PE Ratio - Diluted 12.2
12.2
11.5
11.5
n/a
11.8
PEG - Adjusted 0.2 0.1 n/a
PEG - Diluted 0.2
0.2
n/a
0.1
n/a
n/a
Return on Capital Employed 38.80%
38.79%
50.25%
50.25%
23.00%
42.20%
Operating Margin 10.35%
10.35%
7.87%
7.87%
3.34%
5.41%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 9.1 7.5 5.4
PE Ratio - Diluted 12.2
12.2
11.5
11.5
n/a
11.8
PEG - Adjusted 0.2 0.1 n/a
PEG - Diluted 0.2
0.2
n/a
0.1
n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Sep-11 30-Sep-10 30-Sep-09
Net Gearing 55.81% 143.43% 613.75%

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Sep-11 30-Sep-10 30-Sep-09
Price/Book Value 7.5 (2,762.4) (2.9)
Price/Tangible Book Value 7.5 (2,762.4) (2.9)
Price/ Cash Flow 10.7 6.4 17.1
Price/Revenue 0.75 0.40 0.22
Price/R&D 46.8 97.0 54.5
Net Asset Value per Share (exc. Intangibles) 37.86p (0.060p) (26.94p)
Net Cash per Share 6.09p 1.70p 1.45p

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Sep-11 30-Sep-10 30-Sep-09
Continuing Operations      
Revenue 107.60 117.57 100.90
EBITDA 15.72
15.72
11.87
11.87
7.52
9.61
Depreciation (4.59)
(4.59)
(2.61)
(2.61)
(4.15)
(4.15)
Net Interest (0.92)
(0.92)
(2.12)
(2.12)
(1.51)
(1.51)
Profit Before Tax 10.21
10.21
7.13
7.13
1.86
3.95
       
Revenue per Share 380.62p 413.12p 354.36p
Pre-Tax Profit per Share 36.12p
36.12p
25.07p
25.06p
6.54p
13.87p
Market Capitalisation £ (Millions) 87.56 50.69 23.02
Enterprise Value (EV) £ (Millions) 99.94 63.75 32.80
EBITDA/EV 15.73%
15.73%
18.62%
18.61%
22.92%
29.29%
Operating Margin 10.35%
10.35%
7.87%
7.87%
3.34%
5.41%
Capital Employed £ (Millions) 28.70 18.42 12.93
Return on Capital Employed 38.80%
38.79%
50.25%
50.25%
23.00%
42.20%
Invested Equity Capital £ (Millions) 26.80 14.05 8.13
       
Earnings per Share - Basic 25.20p
25.18p
15.20p
15.20p
(0.60p)
6.69p
Earnings per Share - Diluted 23.30p
23.27p
14.40p
14.36p
(0.60p)
6.69p
Earnings per Share - Adjusted 31.40p 21.90p 14.50p
Earnings per Share Growth - Basic 66%
66%
n/a
127%
n/a
n/a
Earnings per Share Growth - Diluted 62%
62%
n/a
115%
n/a
n/a
Earnings per Share Growth - Adjusted 43% 51% n/a
PE Ratio - Diluted 12.2
12.2
11.5
11.5
n/a
11.8
PEG - Diluted 0.2
0.2
n/a
0.1
n/a
n/a
Tax Rate 30.30% 39.36% 107.63%
Dividend Cover 10.47
8.39
14.60
10.13
n/a
n/a
Interest Cover 11.99
11.99
4.34
4.34
2.21
3.57
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 25.20p
25.18p
15.20p
15.20p
(0.60p)
6.69p
Earnings per Share - Diluted 23.30p
23.27p
14.40p
14.36p
(0.60p)
6.69p
Earnings per Share - Adjusted 31.40p 21.90p 14.50p
Earnings per Share Growth - Basic 66%
66%
n/a
127%
n/a
n/a
Earnings per Share Growth - Diluted 62%
62%
n/a
115%
n/a
n/a
Earnings per Share Growth - Adjusted 43% 51% n/a
PE Ratio - Diluted 12.2
12.2
11.5
11.5
n/a
11.8
PEG - Diluted 0.2
0.2
n/a
0.1
n/a
n/a
Dividend Cover 10.47
8.39
14.60
10.13
n/a
n/a
Return on Equity (ROE) 26.56%
26.56%
30.80%
30.79%
(2.25%)
23.43%
Operating Cash Flow per Share 26.65p 25.75p 4.62p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share (1.45p) 6.05p (5.94p)
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 3.00p 1.50p n/a
Dividend per Share Growth 100.00% n/a n/a
Dividend Yield 1.1% 0.9% 0.0%
Shareholders Funds 21.17 8.78 2.22
Net Borrowings £ (Millions) 11.82 12.59 13.66
Net Asset Value per Share (inc. Intangibles) 37.86p (0.060p) (27.08p)

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Sep-11 30-Sep-10 30-Sep-09
Shareholders' Funds inc Intangibles 21.17 8.78 2.22
Net Borrowings £ (Millions) 11.82 12.59 13.66
Net Gearing 55.81% 143.43% 613.75%
Cash & Near Cash 0.56 0.58 1.04
Cash 2.64% 6.57% 46.79%
Gross Borrowings 12.37 13.17 14.70
Gross Gearing 58.45% 150.01% 660.54%
Borrowings Under 5 years 12.37 13.17 14.70
Under 5 years 58.45% 150.01% 660.54%
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Sep-11 30-Sep-10 30-Sep-09
Shareholders' Funds exc Intangibles 10.70 (0.02) (7.71)
Net Borrowings £ (Millions) 11.82 12.59 13.66
Net Gearing 110.40% n/a n/a
Cash & Near Cash 0.56 0.58 1.04
Cash 5.22% (3,394.27%) (13.50%)
Gross Borrowings 12.37 13.17 14.70
Gross Gearing 115.62% 77,450.52% 190.60%
Borrowings Under 5 years 12.37 13.17 14.70
Under 5 years 115.62% (77,450.52%) (190.60%)
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Cover 30-Sep-11 30-Sep-10 30-Sep-09
Quick Ratio 1.03 0.84 0.52
Current Ratio 1.62 1.47 0.78

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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