Electrocomponents (ECM)

Sector:

Support

Index:

FTSE 250

1,216.00p
   
  • Change Today:
      23.00p
  • 52 Week High: 1,255.00
  • 52 Week Low: 815.50
  • Currency: UK Pounds
  • Shares Issued: 470.95m
  • Volume: 85,587
  • Market Cap: £5,727m
  • RiskGrade: 115
  • Beta: 1.18

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Annualisation Factor n/a 1.0 1.0 1.0 1.0
Dividend Yield 2.6% 1.1% 2.6% 2.2% 2.6%
           
Continuing Operations          
PE Ratio - Adjusted 31.7 13.7 15.2 21.1 22.5
PE Ratio - Diluted 36.1
33.2
14.9
14.2
16.9
15.8
17.9
21.3
22.8
22.5
PEG - Adjusted n/a 6.8 0.5 0.6 0.3
PEG - Diluted n/a
n/a
3.7
7.1
n/a
0.6
0.3
0.6
0.1
0.3
Return on Capital Employed 0.21%
0.22%
24.39%
25.29%
35.09%
37.49%
35.55%
36.48%
30.40%
31.76%
Operating Margin 8.38%
8.93%
10.48%
10.90%
10.67%
11.40%
10.12%
10.39%
8.75%
8.78%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 3,143.0 13.7 15.2 21.1 22.5
PE Ratio - Diluted 3,577.3
3,285.8
14.9
14.2
16.9
15.5
17.9
21.3
22.8
22.5
PEG - Adjusted n/a 6.8 0.5 0.6 0.3
PEG - Diluted n/a
n/a
3.7
n/a
n/a
0.5
0.3
0.6
0.1
0.3

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Net Gearing 13.69% 26.50% 21.08% 13.58% 33.91%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Price/Book Value 10.5 5.9 9.3 10.6 16.2
Price/Tangible Book Value 10.5 5.9 9.3 10.6 16.2
Price/ Cash Flow 24.0 15.6 19.5 20.9 16.3
Price/Revenue 222.94 1.18 1.32 1.55 1.38
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 94.86p 87.64p 60.60p 56.49p 29.23p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Continuing Operations          
Revenue 20.22 1,953.80 1,884.40 1,705.30 1,511.70
EBITDA 1.69
1.80
204.70
212.90
201.00
214.80
198.30
202.80
132.30
132.80
Depreciation n/a
n/a
n/a
n/a
n/a
n/a
(25.70)
(25.70)
n/a
n/a
Net Interest (0.07)
(0.07)
(5.30)
(5.30)
(6.10)
(6.10)
(4.00)
(4.00)
(5.20)
(5.20)
Profit Before Tax 1.62
1.73
199.60
207.80
195.20
209.00
168.60
173.10
127.10
127.60
           
Revenue per Share 4.45p 438.74p 425.44p 386.56p 343.27p
Pre-Tax Profit per Share 0.36p
0.38p
44.82p
46.66p
44.07p
47.19p
38.22p
39.24p
28.86p
28.98p
Market Capitalisation £ (Millions) 4,666.54 2,303.84 2,493.54 2,655.27 2,089.33
Enterprise Value (EV) £ (Millions) 4,964.04 2,677.54 2,744.24 2,842.87 2,280.33
EBITDA/EV 0.03%
0.04%
7.65%
7.95%
7.32%
7.83%
6.98%
7.13%
5.80%
5.82%
Operating Margin 8.38%
8.93%
10.48%
10.90%
10.67%
11.40%
10.12%
10.39%
8.75%
8.78%
Capital Employed £ (Millions) 813.50 842.70 573.70 485.50 418.10
Return on Capital Employed 0.21%
0.22%
24.39%
25.29%
35.09%
37.49%
35.55%
36.48%
30.40%
31.76%
Invested Equity Capital £ (Millions) 961.40 780.70 641.20 530.40 469.80
           
Earnings per Share - Basic 37.70p
30.08p
34.70p
36.58p
33.40p
35.90p
33.90p
28.40p
20.90p
21.03p
Earnings per Share - Diluted 27.50p
29.94p
34.60p
36.39p
33.20p
35.63p
33.60p
28.14p
20.80p
21.03p
Earnings per Share - Adjusted 31.30p 37.70p 37.00p 28.40p 21.00p
Earnings per Share Growth - Basic 9%
-18%
4%
2%
-2%
26%
62%
35%
318%
67%
Earnings per Share Growth - Diluted -20%
-18%
4%
2%
-1%
27%
62%
34%
316%
67%
Earnings per Share Growth - Adjusted -17% 2% 30% 35% 67%
PE Ratio - Diluted 36.1
33.2
14.9
14.2
16.9
15.8
17.9
21.3
22.8
22.5
PEG - Diluted n/a
n/a
3.7
7.1
n/a
0.6
0.3
0.6
0.1
0.3
Tax Rate 21.88% 22.52% 24.17% 11.27% 27.54%
Dividend Cover 1.23
1.18
6.39
6.20
2.50
2.43
2.14
2.14
1.71
1.71
Interest Cover 18.46
19.65
24.21
25.16
21.33
22.77
15.66
16.05
14.38
14.43
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 0.38p
0.30p
34.70p
36.58p
33.40p
36.48p
33.90p
28.40p
20.90p
21.03p
Earnings per Share - Diluted 0.28p
0.30p
34.60p
36.39p
33.20p
36.21p
33.60p
28.14p
20.80p
21.03p
Earnings per Share - Adjusted 0.32p 37.70p 37.00p 28.40p 21.00p
Earnings per Share Growth - Basic -99%
-99%
4%
0%
-2%
28%
62%
35%
318%
67%
Earnings per Share Growth - Diluted -99%
-99%
4%
0%
-1%
29%
62%
34%
316%
67%
Earnings per Share Growth - Adjusted -99% 2% 30% 35% 67%
PE Ratio - Diluted 3,577.3
3,285.8
14.9
14.2
16.9
15.5
17.9
21.3
22.8
22.5
PEG - Diluted n/a
n/a
3.7
n/a
n/a
0.5
0.3
0.6
0.1
0.3
Dividend Cover 0.01
0.01
6.39
6.20
2.50
2.47
2.14
2.14
1.71
1.71
Return on Equity (ROE) 0.13%
0.14%
19.82%
20.87%
23.10%
25.20%
28.21%
23.62%
19.60%
19.71%
Operating Cash Flow per Share 41.34p 33.03p 28.74p 28.77p 29.00p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.14p (5.23p) 2.66p 4.13p 2.98p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 25.40p 5.90p 14.80p 13.25p 12.30p
Dividend per Share Growth 330.51% (60.14%) 11.70% 7.72% 4.68%
Dividend Yield 2.6% 1.1% 2.6% 2.2% 2.6%
Shareholders Funds 899.40 719.90 589.30 482.50 389.00
Net Borrowings £ (Millions) 123.10 190.80 124.20 65.50 131.90
Net Asset Value per Share (inc. Intangibles) 94.86p 87.64p 60.60p 56.49p 29.23p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Shareholders' Funds inc Intangibles 899.40 719.90 589.30 482.50 389.00
Net Borrowings £ (Millions) 123.10 190.80 124.20 65.50 131.90
Net Gearing 13.69% 26.50% 21.08% 13.58% 33.91%
Cash & Near Cash 197.90 200.80 129.20 122.90 76.70
Cash 22.00% 27.89% 21.92% 25.47% 19.72%
Gross Borrowings 321.00 391.60 253.40 188.40 208.60
Gross Gearing 35.69% 54.40% 43.00% 39.05% 53.62%
Borrowings Under 5 years 321.00 391.60 253.40 188.40 208.60
Under 5 years 35.69% 54.40% 43.00% 39.05% 53.62%
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-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Shareholders' Funds exc Intangibles 430.50 390.30 268.40 249.20 128.70
Net Borrowings £ (Millions) 123.10 190.80 124.20 65.50 131.90
Net Gearing 28.59% 48.89% 46.27% 26.28% 102.49%
Cash & Near Cash 197.90 200.80 129.20 122.90 76.70
Cash 45.97% 51.45% 48.14% 49.32% 59.60%
Gross Borrowings 321.00 391.60 253.40 188.40 208.60
Gross Gearing 74.56% 100.33% 94.41% 75.60% 162.08%
Borrowings Under 5 years 321.00 391.60 253.40 188.40 208.60
Under 5 years 74.56% 100.33% 94.41% 75.60% 162.08%
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-21 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Quick Ratio 1.13 1.10 1.13 1.07 0.95
Current Ratio 1.80 1.83 1.92 1.92 1.73

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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