SThree (STEM)

Sector:

Support

Index:

FTSE Small Cap

346.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 356.00
  • 52 Week Low: 249.50
  • Currency: UK Pounds
  • Shares Issued: 132.42m
  • Volume: 142,832
  • Market Cap: £458.17m
  • RiskGrade: 1,320
  • Beta: 0.38

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 27-Nov-11 28-Nov-10 29-Nov-09 30-Nov-08 02-Dec-07
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 6.4% 4.3% 4.8% 9.4% 4.8%
           
Continuing Operations          
PE Ratio - Adjusted 13.1 23.4 26.3 4.3 7.8
PE Ratio - Diluted 14.2
13.4
24.2
24.1
64.1
23.2
4.6
4.6
8.1
8.1
PEG - Adjusted 0.3 0.9 n/a 0.2 0.6
PEG - Diluted 0.4
0.3
0.1
3.4
n/a
n/a
0.3
0.3
0.0
0.8
Return on Capital Employed 39.64%
39.74%
29.02%
29.17%
11.65%
25.96%
67.02%
67.02%
59.99%
60.05%
Operating Margin 5.52%
5.54%
4.47%
4.50%
1.72%
3.84%
8.69%
8.69%
10.00%
10.01%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.1 23.4 26.3 4.3 7.8
PE Ratio - Diluted 14.2
13.4
24.2
24.1
64.1
23.2
4.6
4.6
8.1
8.1
PEG - Adjusted 0.3 0.9 n/a 0.2 0.6
PEG - Diluted 0.4
0.3
0.1
3.4
n/a
n/a
0.3
0.3
0.0
0.8

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 27-Nov-11 28-Nov-10 29-Nov-09 30-Nov-08 02-Dec-07
Net Gearing n/a n/a n/a n/a (3.85%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 27-Nov-11 28-Nov-10 29-Nov-09 30-Nov-08 02-Dec-07
Price/Book Value 3.6 4.7 4.0 2.0 3.1
Price/Tangible Book Value 3.6 4.7 4.3 2.2 3.2
Price/ Cash Flow 9.2 11.5 6.6 2.1 9.3
Price/Revenue 0.49 0.70 0.57 0.25 0.49
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 61.29p 59.85p 62.27p 62.80p 63.68p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 27-Nov-11 28-Nov-10 29-Nov-09 30-Nov-08 02-Dec-07
Continuing Operations          
Revenue 542.45 474.45 519.37 631.52 522.70
EBITDA 37.62
37.70
27.53
27.64
15.07
26.06
60.75
60.75
56.02
56.06
Depreciation (7.66)
(7.66)
(6.31)
(6.31)
(6.13)
(6.13)
(5.89)
(5.89)
(3.76)
(3.76)
Net Interest 0.34
0.34
0.43
0.43
(0.02)
(0.02)
(0.80)
(0.80)
(1.98)
(1.98)
Profit Before Tax 30.30
30.38
21.65
21.76
8.93
19.92
54.05
54.05
50.32
50.37
           
Revenue per Share 449.79p 395.71p 437.55p 506.43p 402.69p
Pre-Tax Profit per Share 25.12p
25.19p
18.06p
18.15p
7.52p
16.78p
43.34p
43.34p
38.77p
38.81p
Market Capitalisation £ (Millions) 263.01 339.47 304.39 155.81 270.68
Enterprise Value (EV) £ (Millions) 263.01 335.97 297.88 155.81 271.94
EBITDA/EV 14.30%
14.33%
8.19%
8.23%
5.06%
8.75%
38.99%
38.99%
20.60%
20.62%
Operating Margin 5.52%
5.54%
4.47%
4.50%
1.72%
3.84%
8.69%
8.69%
10.00%
10.01%
Capital Employed £ (Millions) 75.60 73.11 76.81 81.85 87.18
Return on Capital Employed 39.64%
39.74%
29.02%
29.17%
11.65%
25.96%
67.02%
67.02%
59.99%
60.05%
Invested Equity Capital £ (Millions) 84.15 83.27 83.06 89.96 94.26
           
Earnings per Share - Basic 16.80p
16.87p
11.90p
11.95p
4.00p
11.13p
28.80p
28.30p
25.20p
25.19p
Earnings per Share - Diluted 15.50p
16.42p
11.50p
11.57p
3.90p
10.79p
28.10p
27.63p
24.10p
24.09p
Earnings per Share - Adjusted 16.80p 11.90p 9.50p 29.90p 25.20p
Earnings per Share Growth - Basic 41%
41%
198%
7%
-86%
-61%
14%
12%
165%
10%
Earnings per Share Growth - Diluted 35%
42%
195%
7%
-86%
-61%
17%
15%
165%
10%
Earnings per Share Growth - Adjusted 41% 25% -68% 19% 12%
PE Ratio - Diluted 14.2
13.4
24.2
24.1
64.1
23.2
4.6
4.6
8.1
8.1
PEG - Diluted 0.4
0.3
0.1
3.4
n/a
n/a
0.3
0.3
0.0
0.8
Tax Rate 33.12% 34.02% 33.21% 30.00% 32.84%
Dividend Cover 1.20
1.20
0.99
1.00
0.79
0.93
2.49
2.36
2.71
2.71
Interest Cover 1,212.96
1,216.08
1,203.72
1,209.89
24.62
53.69
66.36
66.36
26.35
26.38
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 16.80p
16.87p
11.90p
11.95p
4.00p
11.13p
28.80p
28.30p
25.20p
25.19p
Earnings per Share - Diluted 15.50p
16.42p
11.50p
11.57p
3.90p
10.79p
28.10p
27.63p
24.10p
24.09p
Earnings per Share - Adjusted 16.80p 11.90p 9.50p 29.90p 25.20p
Earnings per Share Growth - Basic 41%
41%
198%
7%
-86%
-61%
14%
12%
165%
10%
Earnings per Share Growth - Diluted 35%
42%
195%
7%
-86%
-61%
17%
15%
165%
10%
Earnings per Share Growth - Adjusted 41% 25% -68% 19% 12%
PE Ratio - Diluted 14.2
13.4
24.2
24.1
64.1
23.2
4.6
4.6
8.1
8.1
PEG - Diluted 0.4
0.3
0.1
3.4
n/a
n/a
0.3
0.3
0.0
0.8
Dividend Cover 1.20
1.20
0.99
1.00
0.79
0.93
2.49
2.36
2.71
2.71
Return on Equity (ROE) 24.08%
24.18%
17.07%
17.21%
5.78%
15.91%
39.88%
39.22%
34.64%
34.68%
Operating Cash Flow per Share 23.86p 24.19p 38.09p 60.56p 20.96p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.10p 7.10p 18.10p 16.16p 4.78p
Capital Expenditure per Share n/a n/a n/a n/a 2.82p
Dividend per Share 14.00p 12.00p 12.00p 12.00p 9.30p
Dividend per Share Growth 16.67% n/a n/a 29.03% 29.17%
Dividend Yield 6.4% 4.3% 4.8% 9.4% 4.8%
Shareholders Funds 82.47 81.92 80.17 86.43 91.01
Net Borrowings £ (Millions) (55.60) (51.72) (45.27) (24.58) (3.50)
Net Asset Value per Share (inc. Intangibles) 61.29p 59.85p 58.36p 59.47p 61.82p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 27-Nov-11 28-Nov-10 29-Nov-09 30-Nov-08 02-Dec-07
Shareholders' Funds inc Intangibles 82.47 81.92 80.17 86.43 91.01
Net Borrowings £ (Millions) (55.60) (51.72) (45.27) (24.58) (3.50)
Net Gearing n/a n/a n/a n/a (3.85%)
Cash & Near Cash 55.60 51.72 45.27 24.58 4.77
Cash 67.43% 63.13% 56.47% 28.45% 5.24%
Gross Borrowings n/a n/a n/a n/a 1.27
Gross Gearing n/a n/a n/a n/a 1.39%
Borrowings Under 5 years n/a n/a n/a n/a 1.27
Under 5 years n/a n/a n/a n/a 1.39%
Borrowings Under 1 year n/a n/a n/a n/a 1.27
Under 1 year n/a n/a n/a n/a 1.39%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 27-Nov-11 28-Nov-10 29-Nov-09 30-Nov-08 02-Dec-07
Shareholders' Funds exc Intangibles 73.92 71.76 69.27 74.16 80.24
Net Borrowings £ (Millions) (55.60) (51.72) (45.27) (24.58) (3.50)
Net Gearing n/a n/a n/a n/a (4.37%)
Cash & Near Cash 55.60 51.72 45.27 24.58 4.77
Cash 75.22% 72.07% 65.36% 33.15% 5.95%
Gross Borrowings n/a n/a n/a n/a 1.27
Gross Gearing n/a n/a n/a n/a 1.58%
Borrowings Under 5 years n/a n/a n/a n/a 1.27
Under 5 years n/a n/a n/a n/a 1.58%
Borrowings Under 1 year n/a n/a n/a n/a 1.27
Under 1 year n/a n/a n/a n/a 1.58%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 27-Nov-11 28-Nov-10 29-Nov-09 30-Nov-08 02-Dec-07
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 1.62 1.63 1.83 1.78 1.96

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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