Hargreaves Services (HSP)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

514.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 610.00
  • 52 Week Low: 380.50
  • Currency: UK Pounds
  • Shares Issued: 32.27m
  • Volume: 13,236
  • Market Cap: £165.84m
  • RiskGrade: 224

Dividend Data

  31-May-2231-May-2131-May-2031-May-1931-May-18
Interim Dividend2.80p2.70pn/a2.70p2.70p
Final Dividend5.60p4.50p4.50p4.50p4.50p
Total Dividend8.40p7.20p4.50p7.20p7.20p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-May-22 31-May-21 31-May-20 31-May-19 31-May-18
Continuing Operations          
Revenue 177.91 204.80 222.24 302.61 297.12
Operating Profit/(Loss) 6.23 (2.07) 1.30 (9.69) (1.38)
Net Interest 0.05 (1.24) (1.29) (1.70) (1.31)
Profit Before Tax 34.48 14.37 2.15 (9.86) 0.49
Profit After Tax 34.83 16.41 4.27 (8.19) 1.18
Discontinued Operations          
Profit After Tax 2.00 n/a n/a 3.53 (1.00)
PROFIT FOR THE PERIOD 36.83 16.41 4.27 (4.67) 0.18
Attributable to:          
Equity Holders of Parent Company 37.04 16.43 4.32 (4.74) 0.23
Minority Interests (0.21) (0.02) (0.04) 0.07 (0.05)
           
Continuing EPS          
Earnings per Share - Basic 113.80p 50.84p 13.40p (25.71p) 3.84p
Earnings per Share - Diluted 110.44p 49.38p 13.11p (25.71p) 3.82p
Earnings per Share - Adjusted 103.23p 70.66p 19.87p 15.30p 14.90p
Continuing and Discontinued EPS          
Earnings per Share - Basic 113.80p 50.84p 13.40p (14.75p) 0.72p
Earnings per Share - Diluted 110.44p 49.38p 13.11p (14.75p) 0.71p
Earnings per Share - Adjusted 103.23p 70.66p 19.87p 15.30p 14.90p
           
Dividend per Share 8.40p 7.20p 4.50p 7.20p 7.20p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-May-22 31-May-21 31-May-20 31-May-19 31-May-18
Assets          
Non-Current Assets          
Property, Plant & Equipment 32.00 27.58 31.41 45.53 53.78
Intangible Assets 4.82 4.82 9.42 10.98 11.12
Investment Properties 8.30 7.61 9.22 10.07 11.91
Investments 58.38 31.19 14.09 11.74 10.12
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 25.67 12.99 8.33 6.23 3.81
  129.17 84.19 72.46 84.55 90.74
Current Assets          
Inventories 30.48 27.17 64.01 48.04 34.65
Trade & Other Receivables 88.57 78.26 71.32 75.56 103.25
Cash at Bank & in Hand 13.77 28.30 18.50 21.58 16.11
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 6.75 1.78 11.53 19.57 36.67
  139.57 135.51 165.35 164.75 190.68
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 268.75 219.71 237.82 249.31 281.42
           
Liabilities          
Current Liabilities          
Borrowings 7.33 3.18 37.19 4.29 42.46
Other Current Liabilities 60.28 57.69 55.69 73.24 91.07
  67.60 60.87 92.88 77.53 133.53
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 11.05 8.59 9.44 35.22 4.43
Provisions 4.26 3.09 1.68 4.76 2.95
Other Non-Current Liabilities 2.70 2.87 3.77 4.32 4.43
  18.01 14.54 14.88 44.30 11.81
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 85.61 75.41 107.76 121.83 145.33
           
Net Assets 183.14 144.30 130.05 127.48 136.09
           
Capital & Reserves          
Share Capital 3.31 3.31 3.31 3.31 3.31
Share Premium Account 73.97 73.96 73.96 73.96 73.96
Other Reserves 3.29 2.60 4.08 3.31 3.95
Retained Earnings 102.78 64.44 48.70 46.84 54.89
Shareholders Funds 183.36 144.31 130.05 127.42 136.11
           
Minority Interests/Other Equity (0.22) (0.01) n/a 0.06 (0.02)
Total Equity 183.14 144.30 130.05 127.48 136.09
Cash Flow 31-May-22 31-May-21 31-May-20 31-May-19 31-May-18
Net Cash Flow From Operating Activities (8.53) 45.23 (7.06) 23.05 16.83
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 5.49 5.80 9.12 3.80 (24.53)
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 (11.77) (40.41) (5.22) (21.39) (3.96)
Net Increase/Decrease In Cash (14.80) 10.62 (3.15) 5.46 (11.66)
Ratios - based on IFRS 31-May-22 31-May-21 31-May-20 31-May-19 31-May-18
Continuing Operations          
PE Ratio - Adjusted 5.3 5.3 10.1 15.0 23.7
PEG - Adjusted 0.1 0.0 0.3 5.0 n/a
Earnings per Share Growth - Adjusted 46% 256% 30% 3% -25%
Dividend Cover 12.29 9.81 4.42 2.13 2.07
Revenue per Share 551.39p 6.41p 688.79p 937.89p 920.86p
Pre-Tax Profit per Share 106.87p 0.45p 6.67p (30.55p) 1.51p
Operating Margin 3.50% (1.01%) 0.59% (3.20%) (0.46%)
Return on Capital Employed 17.13% 0.10% 2.04% n/a 1.03%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 5.3 530.0 10.1 15.0 23.7
PEG - Adjusted 0.0 n/a 0.3 5.0 n/a
Earnings per Share Growth - Adjusted 14,373% -96% 30% 3% -25%
Dividend Cover 12.29 0.10 4.42 2.13 2.07
           
Dividend Yield 1.5% 1.9% 2.3% 3.1% 2.0%
Dividend per Share Growth 16.67% 60.00% (37.50%) n/a n/a
Operating Cash Flow per Share (26.43p) 140.17p (21.88p) 71.43p 52.18p
Cash Incr/Decr per Share (45.88p) 0.33p (9.77p) 16.91p (36.14p)
Net Asset Value per Share (exc. Intangibles) 552.64p 432.27p 373.89p 361.05p 387.31p
Net Gearing 2.51% -11.46% 21.62% 14.07% 22.62%

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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