United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

1,085.50p
   
  • Change Today:
      5.00p
  • 52 Week High: 1,104.50
  • 52 Week Low: 859.20
  • Currency: UK Pounds
  • Shares Issued: 955.90m
  • Volume: 1,367,211
  • Market Cap: £10,376m
  • RiskGrade: 118
  • Beta: 0.34

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15 31-Mar-14
Annualisation Factor 1.0 1.0 0.3 1.0 1.0
Dividend Yield 4.7% 5.1% 5.6% 4.0% 4.6%
           
Continuing Operations          
PE Ratio - Adjusted 12.7 13.6 16.0 18.0 17.6
PE Ratio - Diluted 57.9
12.7
15.3
13.6
13.8
16.2
23.5
23.1
7.3
12.6
PEG - Adjusted 0.7 0.4 n/a 1.1 1.1
PEG - Diluted n/a
0.7
7.7
0.4
0.4
1.6
n/a
n/a
0.0
0.3
Return on Capital Employed 4.66%
7.86%
5.41%
5.83%
1.81%
1.63%
6.55%
6.71%
6.91%
7.02%
Operating Margin 32.87%
53.28%
34.91%
37.66%
36.66%
32.94%
37.98%
38.94%
37.32%
37.96%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.7 13.6 48.1 18.0 17.6
PE Ratio - Diluted 57.9
12.7
15.3
13.6
41.4
48.6
23.5
23.1
7.3
12.6
PEG - Adjusted 0.7 0.0 n/a 1.1 1.1
PEG - Diluted n/a
0.7
0.1
0.0
n/a
n/a
n/a
n/a
0.1
0.4

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15 31-Mar-14
Net Gearing 264.51% 240.34% 250.85% 262.96% 267.42%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15 31-Mar-14
Price/Book Value 2.2 1.9 1.8 2.8 2.6
Price/Tangible Book Value 2.2 1.9 1.8 2.8 2.6
Price/ Cash Flow 7.6 6.7 6.0 9.0 6.7
Price/Revenue 3.31 3.05 8.44 3.70 3.18
Price/R&D n/a n/a n/a 3,029.6 2,238.9
Net Asset Value per Share (exc. Intangibles) 406.67p 426.47p 403.75p 335.75p 308.80p
Net Cash per Share n/a n/a n/a 0.31p 0.35p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15 31-Mar-14
Continuing Operations          
Revenue 1,859.30 1,818.50 578.07 1,720.20 1,688.80
EBITDA 611.20
990.70
1,028.10
1,078.00
211.94
190.43
300.70
317.30
293.30
304.10
Depreciation n/a
n/a
(393.20)
(393.20)
n/a
n/a
352.60
352.60
336.90
336.90
Net Interest (308.00)
(308.00)
(205.40)
(231.20)
(68.80)
(68.80)
(316.80)
(326.70)
(91.90)
(104.50)
Profit Before Tax 303.20
682.70
436.20
460.30
143.90
122.39
341.60
348.30
543.30
541.50
           
Revenue per Share 272.67p 266.68p 84.77p 252.27p 247.66p
Pre-Tax Profit per Share 44.46p
100.12p
63.97p
67.50p
21.10p
17.95p
50.09p
51.08p
79.67p
79.41p
Market Capitalisation £ (Millions) 8,629.87 7,784.85 4,878.23 6,362.13 5,373.37
Enterprise Value (EV) £ (Millions) 16,955.17 15,482.95 12,428.33 13,006.53 11,357.97
EBITDA/EV 3.60%
5.84%
6.64%
6.96%
1.71%
1.53%
2.31%
2.44%
2.58%
2.68%
Operating Margin 32.87%
53.28%
34.91%
37.66%
36.66%
32.94%
37.98%
38.94%
37.32%
37.96%
Capital Employed £ (Millions) 12,598.80 11,869.90 11,764.30 10,058.70 9,197.60
Return on Capital Employed 4.66%
7.86%
5.41%
5.83%
1.81%
1.63%
6.55%
6.71%
6.91%
7.02%
Invested Equity Capital £ (Millions) 4,424.70 4,256.80 4,049.70 3,558.20 3,266.30
           
Earnings per Share - Basic 15.70p
71.31p
53.30p
59.82p
52.00p
44.32p
39.80p
40.42p
108.30p
62.49p
Earnings per Share - Diluted 15.60p
71.14p
53.20p
59.69p
51.90p
44.24p
39.70p
40.34p
108.10p
62.37p
Earnings per Share - Adjusted 71.30p 59.80p 44.70p 51.90p 44.70p
Earnings per Share Growth - Basic -70%
19%
2%
35%
31%
10%
-63%
-35%
157%
38%
Earnings per Share Growth - Diluted -71%
19%
2%
35%
31%
10%
-63%
-35%
156%
38%
Earnings per Share Growth - Adjusted 19% 34% -14% 16% 16%
PE Ratio - Diluted 57.9
12.7
15.3
13.6
13.8
16.2
23.5
23.1
7.3
12.6
PEG - Diluted n/a
0.7
7.7
0.4
0.4
1.6
n/a
n/a
0.0
0.3
Tax Rate 64.78% 16.95% 18.03% 20.92% (36.28%)
Dividend Cover 1.67
1.67
1.45
1.45
1.13
1.12
1.38
1.07
1.24
1.73
Interest Cover 1.98
3.22
2.96
3.40
2.98
2.68
2.07
2.06
6.50
5.92
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 15.70p
71.31p
53.30p
59.82p
17.32p
14.76p
39.80p
40.42p
108.40p
62.61p
Earnings per Share - Diluted 15.60p
71.14p
53.20p
59.69p
17.28p
14.73p
39.70p
40.34p
108.20p
62.49p
Earnings per Share - Adjusted 71.30p 59.80p 14.89p 51.90p 44.70p
Earnings per Share Growth - Basic -70%
19%
208%
305%
-56%
-64%
-63%
-35%
145%
32%
Earnings per Share Growth - Diluted -71%
19%
208%
305%
-56%
-64%
-63%
-35%
144%
32%
Earnings per Share Growth - Adjusted 19% 302% -71% 16% 16%
PE Ratio - Diluted 57.9
12.7
15.3
13.6
41.4
48.6
23.5
23.1
7.3
12.6
PEG - Diluted n/a
0.7
0.1
0.0
n/a
n/a
n/a
n/a
0.1
0.4
Dividend Cover 1.67
1.67
1.45
1.45
0.37
0.37
1.38
1.07
1.24
1.74
Return on Equity (ROE) 2.41%
10.99%
8.54%
9.58%
2.92%
2.49%
7.62%
7.75%
22.64%
13.07%
Operating Cash Flow per Share 118.83p 122.06p 119.61p 103.61p 116.91p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 27.66p (25.34p) 13.53p 20.65p (13.62p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 42.60p 41.28p 39.73p 37.70p 36.04p
Dividend per Share Growth 3.20% 3.90% 5.38% 4.61% 5.01%
Dividend Yield 4.7% 5.1% 5.6% 4.0% 4.6%
Shareholders Funds 2,962.10 3,110.80 2,950.90 2,434.40 2,215.90
Net Borrowings £ (Millions) 7,835.00 7,476.50 7,402.30 6,401.40 5,925.70
Net Asset Value per Share (inc. Intangibles) 406.67p 426.47p 403.75p 335.75p 308.80p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-15 31-Mar-14
Shareholders' Funds inc Intangibles 2,962.10 3,110.80 2,950.90 2,434.40 2,215.90
Net Borrowings £ (Millions) 7,835.00 7,476.50 7,402.30 6,401.40 5,925.70
Net Gearing 264.51% 240.34% 250.85% 262.96% 267.42%
Cash & Near Cash 528.10 339.30 510.00 244.00 115.80
Cash 17.83% 10.91% 17.28% 10.02% 5.23%
Gross Borrowings 8,363.10 7,815.80 7,912.30 6,645.40 6,041.50
Gross Gearing 282.34% 251.25% 268.13% 272.98% 272.64%
Borrowings Under 5 years 8,363.10 7,815.80 7,912.30 6,645.40 6,041.50
Under 5 years 282.34% 251.25% 268.13% 272.98% 272.64%
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-15 31-Mar-14
Shareholders' Funds exc Intangibles 2,773.10 2,908.10 2,753.20 2,289.50 2,105.70
Net Borrowings £ (Millions) 7,835.00 7,476.50 7,402.30 6,401.40 5,925.70
Net Gearing 282.54% 257.09% 268.86% 279.60% 281.41%
Cash & Near Cash 528.10 339.30 510.00 244.00 115.80
Cash 19.04% 11.67% 18.52% 10.66% 5.50%
Gross Borrowings 8,363.10 7,815.80 7,912.30 6,645.40 6,041.50
Gross Gearing 301.58% 268.76% 287.39% 290.26% 286.91%
Borrowings Under 5 years 8,363.10 7,815.80 7,912.30 6,645.40 6,041.50
Under 5 years 301.58% 268.76% 287.39% 290.26% 286.91%
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-15 31-Mar-14
Quick Ratio 0.67 0.67 0.99 0.60 0.84
Current Ratio 0.69 0.69 1.01 0.64 0.91

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.

 

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