Smiths Group (SMIN)

Sector:

Manufacturing

Index:

FTSE 100

1,555.50p
   
  • Change Today:
    -22.00p
  • 52 Week High: 1,661.00
  • 52 Week Low: 1,304.50
  • Currency: UK Pounds
  • Shares Issued: 396.38m
  • Volume: 602,179
  • Market Cap: £6,166m
  • RiskGrade: 127

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Jul-20 31-Jul-19 31-Jul-15 31-Jul-14 31-Jul-13
Annualisation Factor 1.0 0.2 1.0 1.0 1.0
Dividend Yield 2.6% 2.8% 3.6% 3.2% 2.9%
           
Continuing Operations          
PE Ratio - Adjusted 27.3 24.0 13.1 15.6 14.9
PE Ratio - Diluted 83.1
38.6
46.8
28.6
18.3
13.7
21.8
16.2
17.5
15.2
PEG - Adjusted n/a n/a 2.6 n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
3.0
2.7
n/a
n/a
0.8
1.2
Return on Capital Employed 8.95%
10.02%
3.21%
3.79%
24.37%
29.41%
36.20%
43.63%
37.58%
41.61%
Operating Margin 9.46%
10.60%
13.05%
15.41%
13.01%
15.71%
12.23%
14.77%
15.65%
16.29%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 27.3 96.1 13.1 15.6 14.9
PE Ratio - Diluted 20.4
19.4
116.3
76.8
18.3
13.7
21.8
16.2
15.4
15.2
PEG - Adjusted 0.1 n/a 2.6 n/a n/a
PEG - Diluted 0.1
0.1
n/a
n/a
3.0
2.7
n/a
n/a
0.4
1.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Jul-20 31-Jul-19 31-Jul-15 31-Jul-14 31-Jul-13
Net Gearing 50.36% 51.69% 57.65% 64.99% 50.09%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Jul-20 31-Jul-19 31-Jul-15 31-Jul-14 31-Jul-13
Price/Book Value 6.5 9.3 (49.5) (16.9) (21.6)
Price/Tangible Book Value 6.6 9.6 (45.0) (16.4) (21.0)
Price/ Cash Flow 12.5 18.8 16.8 19.6 15.4
Price/Revenue 2.11 10.42 1.54 1.70 1.75
Price/R&D n/a n/a 53.1 59.1 69.9
Net Asset Value per Share (exc. Intangibles) 209.49p 176.04p (22.80p) (75.63p) (64.17p)
Net Cash per Share n/a n/a 21.28p 21.56p 19.81p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Jul-20 31-Jul-19 31-Jul-15 31-Jul-14 31-Jul-13
Continuing Operations          
Revenue 2,548.00 624.07 2,897.00 2,951.60 3,108.60
EBITDA 385.00
414.00
105.68
120.42
524.00
575.00
480.00
555.00
619.90
639.80
Depreciation (144.00)
(144.00)
(24.23)
(24.23)
(147.00)
(120.00)
(119.00)
(119.00)
(133.40)
(133.40)
Net Interest (108.00)
(49.00)
(5.50)
(12.74)
(52.00)
(47.00)
(59.00)
(53.00)
(90.80)
(63.60)
Profit Before Tax 133.00
221.00
75.95
83.44
325.00
408.00
302.00
383.00
395.70
442.80
           
Revenue per Share 643.12p 157.62p 733.89p 748.57p 790.34p
Pre-Tax Profit per Share 33.57p
55.78p
19.18p
21.07p
82.33p
103.36p
76.59p
97.14p
100.60p
112.58p
Market Capitalisation £ (Millions) 5,368.66 6,501.61 4,457.97 5,029.32 5,454.39
Enterprise Value (EV) £ (Millions) 5,602.66 6,780.61 5,750.97 6,015.62 6,584.49
EBITDA/EV 6.87%
7.39%
1.56%
1.78%
9.11%
10.00%
7.98%
9.23%
9.41%
9.72%
Operating Margin 9.46%
10.60%
13.05%
15.41%
13.01%
15.71%
12.23%
14.77%
15.65%
16.29%
Capital Employed £ (Millions) 2,694.00 2,536.00 1,547.00 999.40 1,217.00
Return on Capital Employed 8.95%
10.02%
3.21%
3.79%
24.37%
29.41%
36.20%
43.63%
37.58%
41.61%
Invested Equity Capital £ (Millions) 2,676.00 2,690.00 1,743.00 1,540.40 1,817.20
           
Earnings per Share - Basic 16.40p
35.34p
35.40p
57.84p
62.40p
83.34p
59.02p
79.53p
80.10p
92.06p
Earnings per Share - Diluted 16.30p
35.10p
35.10p
57.48p
61.80p
82.55p
58.41p
78.72p
79.30p
91.10p
Earnings per Share - Adjusted 49.70p 68.40p 86.10p 81.80p 92.70p
Earnings per Share Growth - Basic -54%
-39%
-43%
-31%
6%
5%
-26%
-14%
22%
13%
Earnings per Share Growth - Diluted -54%
-39%
-43%
-30%
6%
5%
-26%
-14%
22%
13%
Earnings per Share Growth - Adjusted -27% -21% 5% -12% 0%
PE Ratio - Diluted 83.1
38.6
46.8
28.6
18.3
13.7
21.8
16.2
17.5
15.2
PEG - Diluted n/a
n/a
n/a
n/a
3.0
2.7
n/a
n/a
0.8
1.2
Tax Rate 49.62% 53.29% 23.69% 22.19% 19.99%
Dividend Cover 1.42
1.01
1.49
1.26
2.10
2.03
2.03
1.98
2.35
2.33
Interest Cover 2.10
5.09
5.90
9.15
6.91
9.16
5.87
7.84
5.24
7.69
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 66.90p
70.42p
14.19p
21.52p
62.40p
83.34p
59.04p
79.64p
90.70p
92.06p
Earnings per Share - Diluted 66.40p
69.96p
14.12p
21.39p
61.80p
82.55p
58.43p
78.81p
89.70p
91.10p
Earnings per Share - Adjusted 49.70p 17.09p 86.10p 81.80p 92.70p
Earnings per Share Growth - Basic 371%
227%
-77%
-74%
6%
5%
-35%
-14%
39%
13%
Earnings per Share Growth - Diluted 370%
227%
-77%
-74%
6%
5%
-35%
-14%
38%
13%
Earnings per Share Growth - Adjusted 191% -80% 5% -12% 0%
PE Ratio - Diluted 20.4
19.4
116.3
76.8
18.3
13.7
21.8
16.2
15.4
15.2
PEG - Diluted 0.1
0.1
n/a
n/a
3.0
2.7
n/a
n/a
0.4
1.2
Dividend Cover 1.42
2.01
0.37
0.47
2.10
2.03
2.03
1.98
2.35
2.33
Return on Equity (ROE) 9.90%
10.43%
2.09%
3.17%
14.11%
18.88%
15.13%
20.38%
17.33%
19.93%
Operating Cash Flow per Share 108.28p 87.39p 67.39p 64.98p 89.85p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 24.48p (26.00p) 77.01p (43.49p) 43.25p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 35.00p 45.90p 41.00p 40.25p 39.50p
Dividend per Share Growth (23.75%) 11.95% 1.86% 1.90% 3.95%
Dividend Yield 2.6% 2.8% 3.6% 3.2% 2.9%
Shareholders Funds 2,373.00 2,360.00 1,419.00 1,237.40 1,486.00
Net Borrowings £ (Millions) 1,195.00 1,220.00 818.00 803.80 744.40
Net Asset Value per Share (inc. Intangibles) 204.19p 170.73p (25.08p) (77.66p) (66.10p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Jul-20 31-Jul-19 31-Jul-15 31-Jul-14 31-Jul-13
Shareholders' Funds inc Intangibles 2,373.00 2,360.00 1,419.00 1,237.40 1,486.00
Net Borrowings £ (Millions) 1,195.00 1,220.00 818.00 803.80 744.40
Net Gearing 50.36% 51.69% 57.65% 64.99% 50.09%
Cash & Near Cash 366.00 289.00 495.00 190.20 393.80
Cash 15.42% 12.25% 34.88% 15.37% 26.50%
Gross Borrowings 1,561.00 1,509.00 1,313.00 994.00 1,138.20
Gross Gearing 65.78% 63.94% 92.53% 80.36% 76.59%
Borrowings Under 5 years 1,561.00 1,509.00 1,313.00 994.00 1,138.20
Under 5 years 65.78% 63.94% 92.53% 80.33% 76.59%
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-Jul-20 31-Jul-19 31-Jul-15 31-Jul-14 31-Jul-13
Shareholders' Funds exc Intangibles 809.00 676.00 (99.00) (306.20) (260.00)
Net Borrowings £ (Millions) 1,195.00 1,220.00 818.00 803.80 744.40
Net Gearing 147.71% 180.47% n/a n/a n/a
Cash & Near Cash 366.00 289.00 495.00 190.20 393.80
Cash 45.24% 42.75% (500.00%) (62.12%) (151.46%)
Gross Borrowings 1,561.00 1,509.00 1,313.00 994.00 1,138.20
Gross Gearing 192.95% 223.22% 1,326.26% 324.76% 437.77%
Borrowings Under 5 years 1,561.00 1,509.00 1,313.00 994.00 1,138.20
Under 5 years 192.95% 223.22% (1,326.26%) (324.62%) (437.77%)
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-Jul-20 31-Jul-19 31-Jul-15 31-Jul-14 31-Jul-13
Quick Ratio 2.32 2.49 1.51 1.36 1.30
Current Ratio 2.76 2.94 2.10 2.03 1.84

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.

 

Top of Page