Severfield (SFR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

78.60p
   
  • Change Today:
    -1.40p
  • 52 Week High: 82.00
  • 52 Week Low: 51.80
  • Currency: UK Pounds
  • Shares Issued: 307.62m
  • Volume: 89,781
  • Market Cap: £241.79m
  • RiskGrade: 178

Key Financials

  £ (Millions) £ (Millions)
Growth Metrics 31-Dec-06 31-Dec-05
Annualisation Factor 1.0 1.0
Dividend Yield 4.1% 3.8%
     
Continuing Operations    
PE Ratio - Adjusted 13.4 14.6
PE Ratio - Diluted 13.4
1.7
14.6
1.9
PEG - Adjusted 0.2 n/a
PEG - Diluted 0.2
0.0
n/a
n/a
Return on Capital Employed 47.20%
47.54%
39.53%
39.64%
Operating Margin 9.86%
9.94%
8.15%
8.18%
     
Continuing & Discontinued Operations    
PE Ratio - Adjusted 13.4 n/a
PE Ratio - Diluted 13.4
1.7
14.6
1.9
PEG - Adjusted n/a n/a
PEG - Diluted 0.2
0.0
n/a
n/a

  £ (Millions) £ (Millions)
Gearing 31-Dec-06 31-Dec-05
Net Gearing (57.74%) (53.81%)

  £ (Millions) £ (Millions)
Value Metrics 31-Dec-06 31-Dec-05
Price/Book Value 0.6 0.5
Price/Tangible Book Value 0.6 0.5
Price/ Cash Flow 1.3 0.9
Price/Revenue 0.12 0.11
Price/R&D n/a n/a
Net Asset Value per Share (exc. Intangibles) 283.72p 233.13p
Net Cash per Share n/a n/a

  £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-06 31-Dec-05
Continuing Operations    
Revenue 295.08 236.72
EBITDA 33.35
33.56
22.02
22.08
Depreciation (4.24)
(4.24)
(2.72)
(2.72)
Net Interest 1.17
1.17
0.35
0.35
Profit Before Tax 30.29
30.50
19.65
19.71
     
Revenue per Share 1,446.35p 1,162.78p
Pre-Tax Profit per Share 148.45p
149.49p
96.53p
96.81p
Market Capitalisation £ (Millions) 36.61 25.65
Enterprise Value (EV) £ (Millions) 36.68 26.08
EBITDA/EV 90.91%
91.49%
84.45%
84.67%
Operating Margin 9.86%
9.94%
8.15%
8.18%
Capital Employed £ (Millions) 61.69 48.83
Return on Capital Employed 47.20%
47.54%
39.53%
39.64%
Invested Equity Capital £ (Millions) 69.97 56.14
     
Earnings per Share - Basic 13.35p
103.58p
8.64p
66.66p
Earnings per Share - Diluted 13.35p
103.58p
8.64p
66.66p
Earnings per Share - Adjusted 13.35p 8.64p
Earnings per Share Growth - Basic 54%
55%
n/a
n/a
Earnings per Share Growth - Diluted 54%
55%
n/a
n/a
Earnings per Share Growth - Adjusted 54% n/a
PE Ratio - Diluted 13.4
1.7
14.6
1.9
PEG - Diluted 0.2
0.0
n/a
n/a
Tax Rate 30.93% 31.23%
Dividend Cover 1.80
13.96
1.79
13.84
Interest Cover 370.34
372.93
179.65
180.16
     
Continuing & Discontinued Operations    
Earnings per Share - Basic 13.35p
103.58p
8.64p
66.66p
Earnings per Share - Diluted 13.35p
103.58p
8.64p
66.66p
Earnings per Share - Adjusted 13.35p n/a
Earnings per Share Growth - Basic 54%
55%
n/a
n/a
Earnings per Share Growth - Diluted 54%
55%
n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a
PE Ratio - Diluted 13.4
1.7
14.6
1.9
PEG - Diluted 0.2
0.0
n/a
n/a
Dividend Cover 1.80
13.96
n/a
13.84
Return on Equity (ROE) 29.90%
30.20%
24.07%
24.17%
Operating Cash Flow per Share 142.46p 145.30p
Gross Cash Flow per Share cn/a cn/a
Cash Incr/Decr per Share 40.05p 60.35p
Capital Expenditure per Share 24.93p 14.58p
Dividend per Share 7.42p 4.81p
Dividend per Share Growth 54.05% n/a
Dividend Yield 4.1% 3.8%
Shareholders Funds 66.22 55.20
Net Borrowings £ (Millions) (38.24) (29.70)
Net Asset Value per Share (inc. Intangibles) 283.72p 233.13p

  £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-06 31-Dec-05
Shareholders' Funds inc Intangibles 66.22 55.20
Net Borrowings £ (Millions) (38.24) (29.70)
Net Gearing (57.74%) (53.81%)
Cash & Near Cash 38.30 30.13
Cash 57.84% 54.59%
Gross Borrowings 0.07 0.43
Gross Gearing 0.10% 0.78%
Borrowings Under 5 years 0.07 0.43
Under 5 years 0.10% 0.78%
Borrowings Under 1 year 0.07 0.36
Under 1 year 0.10% 0.66%

  £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-06 31-Dec-05
Shareholders' Funds exc Intangibles 57.88 47.46
Net Borrowings £ (Millions) (38.24) (29.70)
Net Gearing (66.06%) (62.58%)
Cash & Near Cash 38.30 30.13
Cash 66.17% 63.49%
Gross Borrowings 0.07 0.43
Gross Gearing 0.11% 0.90%
Borrowings Under 5 years 0.07 0.43
Under 5 years 0.11% 0.90%
Borrowings Under 1 year 0.07 0.36
Under 1 year 0.11% 0.76%

  £ (Millions) £ (Millions)
Cover 31-Dec-06 31-Dec-05
Quick Ratio 1.35 1.21
Current Ratio 1.40 1.35

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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