Mears Group (MER)

Sector:

Support

Index:

FTSE Small Cap

 110.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 320.00
  • 52 Week Low: 109.00
  • Currency: UK Pounds
  • Shares Issued: 110.49m
  • Volume: 35,723
  • Market Cap: £122.09m
  • RiskGrade: 216

Dividend Data

  31-Dec-1931-Dec-1831-Dec-1731-Dec-1631-Dec-15
Total Dividend3.65p12.40p12.00p11.70p3.10p
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 905.08 771.86 900.18 940.10 881.14
Operating Profit/(Loss) 33.44 29.70 28.51 31.16 27.82
Net Interest (9.13) (2.32) (2.03) (1.79) (1.91)
Profit Before Tax 25.20 27.38 26.48 29.37 25.92
Profit After Tax 21.23 23.64 22.17 25.70 22.09
Discontinued Operations          
Profit After Tax (87.27) 1.19 (13.32) n/a (7.80)
PROFIT FOR THE PERIOD (66.05) 24.82 8.85 25.70 14.29
Attributable to:          
Equity Holders of Parent Company (66.00) 24.00 7.58 21.53 12.87
Minority Interests 0.34 0.76 1.26 4.17 1.42
           
Continuing EPS          
Earnings per Share - Basic 18.90p 21.91p 20.28p 23.54p 20.31p
Earnings per Share - Diluted 18.80p 21.78p 20.10p 23.41p 20.10p
Earnings per Share - Adjusted 27.40p 27.87p 28.29p 35.55p 28.23p
Continuing and Discontinued EPS          
Earnings per Share - Basic (60.09p) 23.05p 7.35p 21.03p 12.65p
Earnings per Share - Diluted (59.77p) 22.91p 7.29p 20.91p 12.52p
Earnings per Share - Adjusted (50.42p) 29.24p 28.29p 31.48p 20.57p
           
Dividend per Share 3.65p 12.40p 12.00p 11.70p 11.00p
  £ (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 290.90 24.96 22.00 20.27 18.44
Intangible Assets 151.85 240.78 210.91 219.62 224.91
Investment Properties n/a n/a n/a n/a n/a
Investments 0.54 n/a n/a n/a n/a
Other Financial Assets n/a n/a (0.34) 0.68 (0.01)
Other Non-Current Assets 33.99 38.81 32.00 21.70 14.86
  477.27 304.55 264.57 262.26 258.20
Current Assets          
Inventories 36.04 29.75 18.70 11.23 9.02
Trade & Other Receivables 162.84 170.85 153.91 157.18 146.88
Cash at Bank & in Hand 72.91 27.88 24.77 52.90 68.61
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 11.19 13.05 14.05 0.84 13.26
  282.98 241.53 211.43 222.15 237.77
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 760.25 546.08 476.01 484.42 495.97
           
Liabilities          
Current Liabilities          
Borrowings 40.76 30.38 13.94 5.28 10.29
Other Current Liabilities 209.54 189.79 184.74 189.29 209.59
  250.30 220.17 198.68 194.57 219.88
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 352.64 79.67 50.56 60.00 57.50
Provisions 4.99 8.61 7.10 7.12 6.97
Other Non-Current Liabilities 33.33 27.35 10.08 24.06 19.99
  390.96 115.63 67.74 91.18 84.46
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 641.26 335.80 266.42 285.75 304.34
           
Net Assets 118.99 210.28 209.59 198.67 191.63
           
Capital & Reserves          
Share Capital 1.11 1.11 1.04 1.03 1.02
Share Premium Account 82.22 82.22 60.20 58.32 58.12
Other Reserves 15.25 48.19 47.36 47.41 47.29
Retained Earnings 20.50 79.19 100.90 92.56 86.44
Shareholders Funds 119.08 210.71 209.49 199.32 192.87
           
Minority Interests/Other Equity (0.09) (0.43) 0.10 (0.64) (1.25)
Total Equity 118.99 210.28 209.59 198.67 191.63
Cash Flow 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Net Cash Flow From Operating Activities 95.32 0.64 15.54 25.71 34.07
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 (5.48) (40.57) (27.50) (23.13) (24.62)
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 (44.65) 43.04 (16.17) (15.78) (12.46)
Net Increase/Decrease In Cash 45.19 3.11 (28.13) (13.20) (3.01)
Ratios - based on IFRS 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
PE Ratio - Adjusted 10.7 11.7 14.5 12.8 16.6
PEG - Adjusted n/a n/a n/a 0.5 n/a
Earnings per Share Growth - Adjusted -2% -2% -20% 26% -14%
Dividend Cover 7.51 2.25 2.36 3.04 2.57
Revenue per Share 819.15p 698.58p 814.71p 850.84p 797.48p
Pre-Tax Profit per Share 22.81p 24.78p 23.97p 26.58p 23.46p
Operating Margin 3.69% 3.85% 3.17% 3.31% 3.16%
Return on Capital Employed 9.39% 33.69% 40.57% 60.56% 67.09%
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a 11.1 14.5 14.5 22.8
PEG - Adjusted n/a 3.7 n/a 0.3 n/a
Earnings per Share Growth - Adjusted n/a 3% -10% 53% -37%
Dividend Cover (13.81) 2.36 2.36 2.69 1.87
           
Dividend Yield 1.2% 3.8% 2.9% 2.6% 2.4%
Dividend per Share Growth (70.56%) 3.33% 2.56% 6.36% 10.00%
Operating Cash Flow per Share 86.27p 0.58p 14.06p 23.27p 30.84p
Cash Incr/Decr per Share 40.90p 2.81p (25.46p) (11.95p) (2.72p)
Net Asset Value per Share (exc. Intangibles) (29.73p) (27.60p) (1.19p) (18.96p) (30.12p)
Net Gearing 269.14% 39.00% 18.96% 6.21% -0.43%

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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