Mears Group (MER)

Sector:

Support

Index:

FTSE Small Cap

132.50p
   
  • Change Today:
    -5.00p
  • 52 Week High: 320.00
  • 52 Week Low: 127.25
  • Currency: UK Pounds
  • Shares Issued: 110.49m
  • Volume: 34,984
  • Market Cap: £146.40m
  • RiskGrade: 372

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Dividend Data

  31-Dec-1831-Dec-1731-Dec-1631-Dec-1531-Dec-14
Interim Dividend3.55p3.45p3.30p3.10p2.85p
Final Dividend8.85p8.55p8.40p7.90p1.40p
Total Dividend12.40p12.00p11.70p3.10p10.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
Revenue 869.84 900.18 940.10 881.14 838.74
Operating Profit/(Loss) 30.75 28.51 31.16 27.82 30.67
Net Interest (2.32) (2.03) (1.79) (1.91) (1.29)
Profit Before Tax 28.43 26.48 29.37 25.92 29.68
Profit After Tax 24.82 22.17 25.70 22.09 25.24
Discontinued Operations          
Profit After Tax n/a (13.32) n/a (7.80) n/a
PROFIT FOR THE PERIOD 24.82 8.85 25.70 14.29 25.24
Attributable to:          
Equity Holders of Parent Company 24.06 7.58 21.53 12.87 25.29
Minority Interests 0.76 1.26 4.17 1.42 (0.05)
           
Continuing EPS          
Earnings per Share - Basic 23.05p 20.28p 23.54p 20.31p 25.03p
Earnings per Share - Diluted 22.91p 20.10p 23.41p 20.10p 24.65p
Earnings per Share - Adjusted 29.24p 28.29p 35.55p 28.23p 32.69p
Continuing and Discontinued EPS          
Earnings per Share - Basic 23.05p 7.35p 21.03p 12.65p 25.03p
Earnings per Share - Diluted 22.91p 7.29p 20.91p 12.52p 24.65p
Earnings per Share - Adjusted 29.24p 28.29p 31.48p 20.57p 32.69p
           
Dividend per Share 12.40p 12.00p 11.70p 11.00p 10.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Assets          
Non-Current Assets          
Property, Plant & Equipment 25.00 22.00 20.27 18.44 15.88
Intangible Assets 228.64 210.91 219.62 224.91 227.38
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a n/a 1.86
Other Financial Assets (0.18) (0.34) 0.68 (0.01) n/a
Other Non-Current Assets 23.00 32.00 21.70 14.86 23.70
  276.47 264.57 262.26 258.20 268.82
Current Assets          
Inventories 29.75 18.70 11.23 9.02 8.47
Trade & Other Receivables 178.19 153.91 157.18 146.88 142.62
Cash at Bank & in Hand 27.88 24.77 52.90 68.61 66.63
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 13.05 14.05 0.84 13.26 n/a
  248.87 211.43 222.15 237.77 217.72
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 525.34 476.01 484.42 495.97 486.54
           
Liabilities          
Current Liabilities          
Borrowings 30.00 13.94 5.28 10.29 5.30
Other Current Liabilities 187.27 184.74 189.29 209.59 184.74
  217.27 198.68 194.57 219.88 190.04
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 78.78 50.56 60.00 57.50 57.50
Provisions 7.71 7.10 7.12 6.97 n/a
Other Non-Current Liabilities 11.30 10.08 24.06 19.99 44.53
  97.78 67.74 91.18 84.46 102.03
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 315.06 266.42 285.75 304.34 292.07
           
Net Assets 210.28 209.59 198.67 191.63 194.46
           
Capital & Reserves          
Share Capital 1.11 1.04 1.03 1.02 1.01
Share Premium Account 82.22 60.20 58.32 58.12 56.71
Other Reserves 48.19 47.36 47.41 47.29 46.90
Retained Earnings 79.19 100.90 92.56 86.44 92.18
Shareholders Funds 210.71 209.49 199.32 192.87 196.81
           
Minority Interests/Other Equity (0.43) 0.10 (0.64) (1.25) (2.35)
Total Equity 210.28 209.59 198.67 191.63 194.46
Cash Flow 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Net Cash Flow From Operating Activities 0.64 15.54 25.71 34.07 44.15
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 (40.57) (27.50) (23.13) (24.62) (27.48)
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 43.04 (16.17) (15.78) (12.46) (12.39)
Net Increase/Decrease In Cash 3.11 (28.13) (13.20) (3.01) 4.28
Ratios - based on IFRS 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
PE Ratio - Adjusted 11.1 14.5 12.8 16.6 11.5
PEG - Adjusted 3.7 n/a 0.5 n/a 2.3
Earnings per Share Growth - Adjusted 3% -20% 26% -14% 5%
Dividend Cover 2.36 2.36 3.04 2.57 3.27
Revenue per Share 787.25p 814.71p 850.84p 797.48p 759.11p
Pre-Tax Profit per Share 25.73p 23.97p 26.58p 23.46p 26.86p
Operating Margin 3.54% 3.17% 3.31% 3.16% 3.66%
Return on Capital Employed 31.34% 40.57% 60.56% 67.09% 103.62%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.1 14.5 14.5 22.8 11.5
PEG - Adjusted 3.7 n/a 0.3 n/a 0.9
Earnings per Share Growth - Adjusted 3% -10% 53% -37% 13%
Dividend Cover 2.36 2.36 2.69 1.87 3.27
           
Dividend Yield 3.8% 2.9% 2.6% 2.4% 2.7%
Dividend per Share Growth 3.33% 2.56% 6.36% 10.00% 13.64%
Operating Cash Flow per Share 0.58p 14.06p 23.27p 30.84p 39.96p
Cash Incr/Decr per Share 2.81p (25.46p) (11.95p) (2.72p) 3.88p
Net Asset Value per Share (exc. Intangibles) (16.62p) (1.19p) (18.96p) (30.12p) (29.79p)
Net Gearing 38.39% 18.96% 6.21% -0.43% -1.95%

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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