British Land Company (BLNDL)

 349.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 637.20
  • 52 Week Low: 313.10
  • Currency: UK Pounds
  • Shares Issued: 1,028.74m
  • Volume: 0
  • Market Cap: £3,593.40m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 4.8% 5.3% 4.7% 4.8% 4.0%
           
Continuing Operations          
PE Ratio - Adjusted 10.2 16.9 17.2 16.2 19.7
PE Ratio - Diluted n/a
10.2
n/a
n/a
13.2
17.2
41.5
23.4
5.9
7.1
PEG - Adjusted n/a n/a n/a 2.7 1.2
PEG - Diluted n/a
n/a
n/a
n/a
0.1
0.4
n/a
n/a
n/a
0.0
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 (164.60%)
69.33%
(22.79%)
51.66%
90.30%
79.19%
35.31%
34.30%
171.02%
54.24%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.2 16.9 17.2 16.2 19.7
PE Ratio - Diluted n/a
10.2
n/a
15.1
13.2
17.2
41.5
23.4
5.9
18.4
PEG - Adjusted n/a n/a n/a 2.7 1.2
PEG - Diluted n/a
n/a
n/a
3.0
0.1
0.4
n/a
n/a
n/a
0.3

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Net Gearing 47.04% 32.90% 32.67% 34.35% 39.04%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Price/Book Value 0.4 0.7 0.7 0.7 0.7
Price/Tangible Book Value 0.4 0.7 0.7 0.7 0.8
Price/ Cash Flow 8.3 9.3 14.9 17.3 24.4
Price/Revenue 5.10 6.33 10.19 10.67 12.17
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 765.20p 894.85p 938.40p 920.89p 938.44p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Continuing Operations          
Revenue 613.00 904.00 639.00 589.00 590.00
EBITDA (1,009.00)
425.00
(206.00)
467.00
577.00
506.00
208.00
202.00
1,009.00
320.00
Depreciation n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Net Interest (107.00)
(107.00)
(113.00)
(113.00)
(227.00)
(227.00)
(65.00)
(65.00)
(75.00)
(75.00)
Profit Before Tax (1,116.00)
318.00
(319.00)
(266.00)
501.00
394.00
195.00
270.00
1,331.00
995.00
           
Revenue per Share 65.63p 93.10p 63.08p 57.24p 57.56p
Pre-Tax Profit per Share (119.49p)
34.05p
(32.85p)
(27.39p)
49.46p
38.89p
18.95p
26.24p
129.85p
97.07p
Market Capitalisation £ (Millions) 3,138.34 5,661.71 6,314.13 6,355.52 7,289.14
Enterprise Value (EV) £ (Millions) 6,893.34 8,981.71 9,442.13 9,096.52 11,050.14
EBITDA/EV (14.64%)
6.17%
(2.29%)
5.20%
6.11%
5.36%
2.29%
2.22%
9.13%
2.90%
Operating Margin (164.60%)
69.33%
(22.79%)
51.66%
90.30%
79.19%
35.31%
34.30%
171.02%
54.24%
Capital Employed £ (Millions) 10,650.00 11,720.00 12,634.00 12,757.00 13,380.00
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) 7,036.00 8,478.00 9,252.00 9,221.00 9,342.00
           
Earnings per Share - Basic (110.00p)
32.76p
(30.00p)
(28.84p)
48.70p
37.51p
18.80p
26.05p
131.20p
98.24p
Earnings per Share - Diluted (110.00p)
32.66p
(30.00p)
(28.75p)
48.50p
37.40p
14.70p
26.05p
119.70p
98.24p
Earnings per Share - Adjusted 32.70p 34.90p 37.40p 37.80p 35.60p
Earnings per Share Growth - Basic n/a
n/a
n/a
n/a
159%
44%
-86%
-74%
-22%
275%
Earnings per Share Growth - Diluted n/a
n/a
n/a
n/a
230%
44%
-88%
-74%
-28%
299%
Earnings per Share Growth - Adjusted -6% -7% -1% 6% 16%
PE Ratio - Diluted n/a
10.2
n/a
n/a
13.2
17.2
41.5
23.4
5.9
7.1
PEG - Diluted n/a
n/a
n/a
n/a
0.1
0.4
n/a
n/a
n/a
0.0
Tax Rate 0.18% (0.31%) (1.71%) (0.70%) (3.53%)
Dividend Cover 2.05
2.05
1.13
(0.93)
1.24
1.25
1.29
0.89
1.26
3.46
Interest Cover (9.33)
3.94
(1.82)
(1.35)
3.20
2.73
2.79
3.48
10.18
7.86
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (110.00p)
32.76p
(30.00p)
39.24p
48.70p
37.51p
18.80p
26.05p
131.20p
38.15p
Earnings per Share - Diluted (110.00p)
32.66p
(30.00p)
39.12p
48.50p
37.40p
14.70p
26.05p
119.70p
38.15p
Earnings per Share - Adjusted 32.70p 34.90p 37.40p 37.80p 35.60p
Earnings per Share Growth - Basic n/a
-16%
n/a
5%
159%
44%
-86%
-32%
-22%
46%
Earnings per Share Growth - Diluted n/a
-16%
n/a
5%
230%
44%
-88%
-32%
-28%
55%
Earnings per Share Growth - Adjusted -6% -7% -1% 6% 16%
PE Ratio - Diluted n/a
10.2
n/a
15.1
13.2
17.2
41.5
23.4
5.9
18.4
PEG - Diluted n/a
n/a
n/a
3.0
0.1
0.4
n/a
n/a
n/a
0.3
Dividend Cover 2.05
2.05
1.13
1.27
1.24
1.25
1.29
0.89
1.26
1.35
Return on Equity (ROE) (14.60%)
4.35%
(3.43%)
4.49%
5.33%
4.11%
2.09%
2.91%
14.40%
4.19%
Operating Cash Flow per Share 40.15p 63.13p 43.24p 35.28p 28.68p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (5.25p) 14.11p (0.89p) n/a 0.58p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 15.97p 31.00p 30.08p 29.20p 28.36p
Dividend per Share Growth (48.48%) 3.06% 3.01% 2.96% 2.46%
Dividend Yield 4.8% 5.3% 4.7% 4.8% 4.0%
Shareholders Funds 7,035.00 8,478.00 9,252.00 9,221.00 9,342.00
Net Borrowings £ (Millions) 3,562.00 3,078.00 3,023.00 3,167.00 3,647.00
Net Asset Value per Share (inc. Intangibles) 753.21p 873.12p 913.33p 896.11p 911.41p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Shareholders' Funds inc Intangibles 7,035.00 8,478.00 9,252.00 9,221.00 9,342.00
Net Borrowings £ (Millions) 3,562.00 3,078.00 3,023.00 3,167.00 3,647.00
Net Gearing 47.04% 32.90% 32.67% 34.35% 39.04%
Cash & Near Cash 193.00 242.00 105.00 114.00 114.00
Cash 2.74% 2.85% 1.13% 1.24% 1.22%
Gross Borrowings 3,755.00 3,320.00 3,128.00 3,281.00 3,761.00
Gross Gearing 49.78% 35.75% 33.81% 35.58% 40.26%
Borrowings Under 5 years 3,755.00 3,320.00 3,128.00 3,281.00 3,761.00
Under 5 years 53.38% 39.16% 33.81% 35.58% 40.26%
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-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Shareholders' Funds exc Intangibles 7,035.00 8,478.00 9,252.00 9,221.00 9,342.00
Net Borrowings £ (Millions) 3,562.00 3,078.00 3,023.00 3,167.00 3,647.00
Net Gearing 47.04% 32.90% 32.67% 34.35% 39.04%
Cash & Near Cash 193.00 242.00 105.00 114.00 114.00
Cash 2.74% 2.85% 1.13% 1.24% 1.22%
Gross Borrowings 3,755.00 3,320.00 3,128.00 3,281.00 3,761.00
Gross Gearing 49.78% 35.75% 33.81% 35.58% 40.26%
Borrowings Under 5 years 3,755.00 3,320.00 3,128.00 3,281.00 3,761.00
Under 5 years 53.38% 39.16% 33.81% 35.58% 40.26%
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-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Quick Ratio 0.21 0.43 0.38 0.87 0.47
Current Ratio 0.23 0.55 1.25 1.22 1.52

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 5 minutes.

Note 2: Normalised ratios are shown in blue text

Note 3: Forecast figures based on normalised accounts.

 

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