Micro Focus International (MCRO)

Sector:

IT Services

Index:

FTSE 250

786.30p
   
  • Change Today:
    -34.20p
  • 52 Week High: 2,491.56p
  • 52 Week Low: 766.80p
  • Currency: UK Pounds
  • Shares Issued: 333.42m
  • Volume: 1,066,090
  • Market Cap: £2,621.66m
  • RiskGrade: 363

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 30-Apr-15 30-Apr-14 30-Apr-13 30-Apr-12 30-Apr-11
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 3.0% 4.3% 4.5% 5.1% 4.7%
           
Continuing Operations          
PE Ratio - Adjusted 12.2 10.2 10.1 8.4 9.1
PE Ratio - Diluted 28.8
20.2
12.4
16.0
11.8
15.3
9.6
12.7
10.8
13.6
PEG - Adjusted 0.4 0.7 0.5 0.3 n/a
PEG - Diluted n/a
0.7
1.2
1.6
0.7
0.8
0.2
0.4
0.4
n/a
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Operating Margin 17.64%
29.35%
35.96%
36.13%
38.68%
38.68%
35.83%
35.27%
27.64%
30.97%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.2 10.2 10.1 8.4 9.1
PE Ratio - Diluted 28.8
20.2
12.4
16.0
11.8
15.3
9.6
12.7
10.8
13.6
PEG - Adjusted 0.4 0.7 0.5 0.3 n/a
PEG - Diluted n/a
0.7
1.2
1.6
0.7
0.8
0.2
0.4
0.4
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 30-Apr-15 30-Apr-14 30-Apr-13 30-Apr-12 30-Apr-11
Net Gearing 109.89% n/a 307.34% 96.31% 5.56%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 30-Apr-15 30-Apr-14 30-Apr-13 30-Apr-12 30-Apr-11
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (1,309.32¢) (289.44¢) (204.84¢) (138.83¢) (75.86¢)
Net Cash per Share 93.40¢ 40.15¢ 33.62¢ 29.86¢ 29.90¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 30-Apr-15 30-Apr-14 30-Apr-13 30-Apr-12 30-Apr-11
Continuing Operations          
Revenue 834.54 433.06 412.17 434.84 436.13
EBITDA 276.63
361.66
197.61
198.34
198.04
198.04
192.44
190.00
154.47
169.01
Depreciation (129.39)
(116.77)
(41.89)
(41.89)
(38.60)
(38.60)
(36.65)
(36.65)
(33.94)
(33.94)
Net Interest (55.02)
(55.02)
(7.88)
(7.88)
(7.89)
(7.89)
(6.54)
(6.54)
(5.99)
(5.99)
Profit Before Tax 91.43
189.09
147.84
148.57
151.54
151.54
149.25
146.81
114.54
129.08
           
Revenue per Share 480.09¢ 300.62¢ 263.44¢ 237.11¢ 212.75¢
Pre-Tax Profit per Share 52.60¢
108.78¢
102.63¢
103.13¢
96.86¢
96.86¢
81.38¢
80.05¢
55.88¢
62.97¢
Market Capitalisation $ (Millions) 3,553.61 1,426.74 1,323.74 1,011.12 1,029.52
Enterprise Value (EV) $ (Millions) 5,197.59 1,720.57 1,539.37 1,154.74 1,068.30
EBITDA/EV 5.32%
6.96%
11.49%
11.53%
12.87%
12.87%
16.67%
16.45%
14.46%
15.82%
Operating Margin 17.64%
29.35%
35.96%
36.13%
38.68%
38.68%
35.83%
35.27%
27.64%
30.97%
Capital Employed $ (Millions) (308.73) (118.22) (65.80) (64.26) (73.83)
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Invested Equity Capital $ (Millions) 1,599.59 23.95 96.87 164.28 271.58
           
Earnings per Share - Basic 76.18¢
108.83¢
110.29¢
85.25¢
101.28¢
77.83¢
85.59¢
64.78¢
61.21¢
48.83¢
Earnings per Share - Diluted 73.80¢
105.44¢
107.16¢
82.84¢
97.90¢
75.23¢
83.43¢
63.15¢
60.05¢
47.90¢
Earnings per Share - Adjusted 173.83¢ 130.55¢ 114.27¢ 95.09¢ 71.38¢
Earnings per Share Growth - Basic -31%
28%
9%
10%
18%
20%
40%
33%
26%
-9%
Earnings per Share Growth - Diluted -31%
27%
10%
10%
17%
19%
39%
32%
26%
-8%
Earnings per Share Growth - Adjusted 33% 14% 20% 33% -4%
PE Ratio - Diluted 28.8
20.2
12.4
16.0
11.8
15.3
9.6
12.7
10.8
13.6
PEG - Diluted n/a
0.7
1.2
1.6
0.7
0.8
0.2
0.4
0.4
n/a
Tax Rate (10.87%) 17.42% 19.64% 19.18% 15.81%
Dividend Cover 2.76
1.73
2.28
1.49
2.20
1.50
2.31
1.58
2.34
1.60
Interest Cover 2.63
4.36
19.04
19.12
19.24
19.24
22.83
22.48
19.04
21.33
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 76.18¢
108.83¢
110.29¢
85.25¢
101.28¢
77.83¢
85.59¢
64.78¢
61.21¢
48.83¢
Earnings per Share - Diluted 73.80¢
105.44¢
107.16¢
82.84¢
97.90¢
75.23¢
83.43¢
63.15¢
60.05¢
47.90¢
Earnings per Share - Adjusted 173.83¢ 130.55¢ 114.27¢ 95.09¢ 71.38¢
Earnings per Share Growth - Basic -31%
28%
9%
10%
18%
20%
40%
33%
26%
-9%
Earnings per Share Growth - Diluted -31%
27%
10%
10%
17%
19%
39%
32%
26%
-8%
Earnings per Share Growth - Adjusted 33% 14% 20% 33% -4%
PE Ratio - Diluted 28.8
20.2
12.4
16.0
11.8
15.3
9.6
12.7
10.8
13.6
PEG - Diluted n/a
0.7
1.2
1.6
0.7
0.8
0.2
0.4
0.4
n/a
Dividend Cover 2.76
1.73
2.28
1.49
2.20
1.50
2.31
1.58
2.34
1.60
Return on Equity (ROE) 6.34%
11.83%
509.63%
512.67%
125.72%
125.72%
73.42%
72.32%
35.51%
36.86%
Operating Cash Flow per Share 138.07¢ 121.46¢ 105.65¢ 99.34¢ 82.02¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 120.23¢ (3.57¢) 4.81¢ 2.36¢ (3.29¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 62.98¢ 57.26¢ 52.05¢ 41.12¢ 30.45¢
Dividend per Share Growth 10.00% 10.00% 26.58% 35.04% 7.34%
Dividend Yield 3.0% 4.3% 4.5% 5.1% 4.7%
Shareholders Funds 1,277.08 (16.25) 57.82 117.55 228.70
Net Borrowings $ (Millions) 1,403.54 261.03 177.69 113.20 12.71
Net Asset Value per Share (inc. Intangibles) (1,309.85¢) (289.44¢) (204.84¢) (138.83¢) (75.86¢)

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 30-Apr-15 30-Apr-14 30-Apr-13 30-Apr-12 30-Apr-11
Shareholders' Funds inc Intangibles 1,277.08 (16.25) 57.82 117.55 228.70
Net Borrowings $ (Millions) 1,403.54 261.03 177.69 113.20 12.71
Net Gearing 109.89% n/a 307.34% 96.31% 5.56%
Cash & Near Cash 241.32 32.80 37.94 30.41 26.08
Cash 18.90% (201.83%) 65.63% 25.87% 11.40%
Gross Borrowings 1,644.86 293.83 215.63 143.61 38.79
Gross Gearing 128.79% 1,808.07% 372.97% 122.18% 16.96%
Borrowings Under 5 years 1,644.86 293.83 215.63 143.61 38.79
Under 5 years 128.80% (1,808.07%) 372.97% 122.18% 16.96%
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 30-Apr-15 30-Apr-14 30-Apr-13 30-Apr-12 30-Apr-11
Shareholders' Funds exc Intangibles (2,276.89) (416.97) (320.49) (254.61) (155.50)
Net Borrowings $ (Millions) 1,403.54 261.03 177.69 113.20 12.71
Net Gearing (61.64%) (62.60%) (55.44%) (44.46%) (8.17%)
Cash & Near Cash 241.32 32.80 37.94 30.41 26.08
Cash (10.60%) (7.87%) (11.84%) (11.94%) (16.77%)
Gross Borrowings 1,644.86 293.83 215.63 143.61 38.79
Gross Gearing 72.24% 70.47% 67.28% 56.41% 24.94%
Borrowings Under 5 years 1,644.86 293.83 215.63 143.61 38.79
Under 5 years (72.24%) (70.47%) (67.28%) (56.41%) (24.94%)
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 30-Apr-15 30-Apr-14 30-Apr-13 30-Apr-12 30-Apr-11
Quick Ratio 0.47 0.25 0.28 0.32 0.47
Current Ratio 0.47 0.25 0.28 0.32 0.48

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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