Meggitt (MGGT)

Sector:

Defense and Aeronautics

Index:

FTSE 250

311.80p
   
  • Change Today:
      0.80p
  • 52 Week High: 697.40
  • 52 Week Low: 217.00
  • Currency: UK Pounds
  • Shares Issued: 780.71m
  • Volume: 4,731,066
  • Market Cap: £2,434.24m
  • RiskGrade: 396

Dividend Data

  31-Dec-1931-Dec-1831-Dec-1731-Dec-1631-Dec-15
Interim Dividend5.55p5.30p5.05p4.80p4.60p
Final Dividendn/a11.35p10.80p10.30p9.80p
Total Dividend5.55p16.65p15.85p15.10p14.40p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
Revenue 2,276.20 2,080.60 1,994.40 1,992.40 1,647.20
Operating Profit/(Loss) 325.30 256.60 272.70 233.70 236.60
Net Interest (38.60) (40.50) (44.40) (38.20) (26.40)
Profit Before Tax 286.70 216.10 228.30 195.50 210.20
Profit After Tax 222.60 179.00 292.80 171.20 182.10
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 222.60 179.00 292.80 171.20 182.10
Attributable to:          
Equity Holders of Parent Company 222.60 179.00 292.80 171.20 182.10
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 28.80p 23.20p 37.80p 22.10p 23.20p
Earnings per Share - Diluted 28.30p 22.80p 37.10p 21.80p 22.90p
Earnings per Share - Adjusted 37.30p 34.20p 32.00p 34.80p 31.60p
Continuing and Discontinued EPS          
Earnings per Share - Basic 28.80p 23.20p 37.80p 22.10p 23.20p
Earnings per Share - Diluted 28.30p 22.80p 37.10p 21.80p 22.90p
Earnings per Share - Adjusted 37.30p 34.20p 32.00p 34.80p 31.60p
           
Dividend per Share 5.55p 16.65p 15.85p 15.10p 14.40p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Assets          
Non-Current Assets          
Property, Plant & Equipment 449.40 404.00 406.20 336.90 288.80
Intangible Assets 3,064.10 3,221.00 2,617.00 3,780.30 3,291.50
Investment Properties n/a n/a n/a n/a n/a
Investments 14.10 12.90 13.60 14.80 11.40
Other Financial Assets 14.60 10.00 28.50 21.80 25.50
Other Non-Current Assets 95.50 98.90 627.60 74.30 62.50
  3,637.70 3,746.80 3,692.90 4,228.10 3,679.70
Current Assets          
Inventories 489.80 441.20 393.40 468.50 401.60
Trade & Other Receivables 391.00 420.00 389.70 438.90 351.40
Cash at Bank & in Hand 155.30 181.90 118.50 173.80 147.30
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 70.10 67.50 57.30 4.20 13.90
  1,106.20 1,110.60 958.90 1,085.40 914.20
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 4,743.90 4,857.40 4,651.80 5,313.50 4,593.90
           
Liabilities          
Current Liabilities          
Borrowings 235.80 26.30 88.30 175.80 4.10
Other Current Liabilities 649.30 591.70 585.00 584.40 489.60
  885.10 618.00 673.30 760.20 493.70
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 830.70 1,229.70 1,091.00 1,177.10 1,194.40
Provisions 219.70 245.60 224.70 454.40 424.90
Other Non-Current Liabilities 351.60 271.70 351.30 465.40 302.40
  1,402.00 1,747.00 1,667.00 2,096.90 1,921.70
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,287.10 2,365.00 2,340.30 2,857.10 2,415.40
           
Net Assets 2,456.80 2,492.40 2,311.50 2,456.40 2,178.50
           
Capital & Reserves          
Share Capital 38.80 38.80 38.80 38.80 38.80
Share Premium Account 1,226.50 1,223.90 1,222.20 1,219.80 1,218.90
Other Reserves 441.10 509.50 415.80 567.20 258.90
Retained Earnings 750.40 720.20 634.70 630.60 661.90
Shareholders Funds 2,456.80 2,492.40 2,311.50 2,456.40 2,178.50
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 2,456.80 2,492.40 2,311.50 2,456.40 2,178.50
Cash Flow 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Net Cash Flow From Operating Activities 366.90 295.30 337.90 321.80 375.40
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (49.70) (96.00) (80.10) (130.90) (539.60)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (340.30) (142.40) (308.30) (185.70) 203.90
Net Increase/Decrease In Cash (23.10) 56.90 (50.50) 5.20 39.70
Ratios - based on IFRS 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
PE Ratio - Adjusted 17.6 13.8 15.1 13.2 11.9
PEG - Adjusted 2.0 2.0 n/a 1.3 n/a
Earnings per Share Growth - Adjusted 9% 7% -8% 10% -2%
Dividend Cover 6.72 2.05 2.02 2.30 2.19
Revenue per Share 291.56p 266.50p 255.46p 257.18p 209.73p
Pre-Tax Profit per Share 36.72p 27.68p 29.24p 25.24p 26.76p
Operating Margin 14.29% 12.33% 13.67% 11.73% 14.36%
Return on Capital Employed 47.92% 33.20% 24.82% 48.35% 46.36%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.6 13.8 15.1 13.2 11.9
PEG - Adjusted 2.0 2.0 n/a 1.3 n/a
Earnings per Share Growth - Adjusted 9% 7% -8% 10% -2%
Dividend Cover 6.72 2.05 2.02 2.30 2.19
           
Dividend Yield 0.8% 3.5% 3.3% 3.3% 3.8%
Dividend per Share Growth (66.67%) 5.05% 4.97% 4.86% 4.73%
Operating Cash Flow per Share 47.00p 37.83p 43.28p 41.54p 47.80p
Cash Incr/Decr per Share (2.96p) 7.29p (6.47p) 0.67p 5.05p
Net Asset Value per Share (exc. Intangibles) (77.79p) (93.33p) (39.13p) (170.89p) (141.71p)
Net Gearing 37.09% 43.10% 45.89% 48.00% 48.25%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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: Forecast figures based on normalised accounts.

 

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