£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Growth Metrics | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-15 | 31-Mar-14 |
Annualisation Factor | n/a | 1.0 | 0.2 | 1.0 | 1.0 |
Dividend Yield | 4.5% | 4.6% | 3.4% | 4.6% | 2.0% |
Continuing Operations | |||||
PE Ratio - Adjusted | 22.1 | 20.1 | 25.8 | 16.4 | 36.9 |
PE Ratio - Diluted | 30.7 29.6 |
27.2 26.3 |
35.9 34.2 |
21.6 23.3 |
48.2 35.5 |
PEG - Adjusted | n/a | 4.0 | 2.3 | 1.8 | 1.7 |
PEG - Diluted | n/a n/a |
3.4 4.4 |
7.2 1.8 |
2.7 n/a |
n/a 1.1 |
Return on Capital Employed | 0.32% 0.33% |
32.79% 33.58% |
10.32% 10.70% |
84.50% 84.49% |
51.16% 65.39% |
Operating Margin | 5.32% 5.46% |
5.73% 5.87% |
5.51% 5.71% |
5.21% 5.21% |
4.66% 6.16% |
Continuing & Discontinued Operations | |||||
PE Ratio - Adjusted | 2,191.9 | 20.1 | 103.1 | 16.4 | 36.9 |
PE Ratio - Diluted | 3,039.1 3,039.7 |
27.2 26.3 |
143.8 137.1 |
21.6 23.3 |
48.2 37.8 |
PEG - Adjusted | n/a | 0.1 | n/a | 1.8 | 1.7 |
PEG - Diluted | n/a n/a |
0.1 0.1 |
n/a n/a |
2.7 n/a |
n/a 1.6 |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-15 | 31-Mar-14 |
Net Gearing | 33.55% | 26.70% | 16.44% | 26.76% | 27.54% |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Value Metrics | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-15 | 31-Mar-14 |
Price/Book Value | 21.5 | 19.9 | 25.7 | (40.7) | (43.7) |
Price/Tangible Book Value | 21.3 | 19.7 | 25.6 | (40.7) | (43.7) |
Price/ Cash Flow | 23.0 | 24.9 | 43.1 | 13.9 | (75.8) |
Price/Revenue | 114.59 | 1.11 | 5.90 | 0.95 | 1.97 |
Price/R&D | n/a | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 59.20p | 62.54p | 59.11p | (21.38p) | (40.95p) |
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-15 | 31-Mar-14 |
Continuing Operations | |||||
Revenue | 8.69 | 875.77 | 200.97 | 729.18 | 659.72 |
EBITDA | 0.66 0.67 |
67.65 68.86 |
11.07 11.48 |
51.01 51.00 |
35.85 45.70 |
Depreciation | (0.19) (0.19) |
(17.49) (17.49) |
n/a n/a |
(13.02) (13.02) |
(5.09) (5.09) |
Net Interest | (0.02) (0.02) |
(2.06) (2.06) |
(0.33) (0.33) |
(1.93) (1.93) |
(0.75) (0.75) |
Profit Before Tax | 0.44 0.45 |
48.11 49.31 |
10.74 11.15 |
42.06 42.05 |
34.67 44.52 |
Revenue per Share | 11.08p | 1,119.84p | 257.74p | 916.27p | 906.52p |
Pre-Tax Profit per Share | 0.56p 0.57p |
61.52p 63.06p |
13.78p 14.30p |
52.85p 52.84p |
47.63p 61.17p |
Market Capitalisation £ (Millions) | 1,006.30 | 982.05 | 1,198.32 | 697.40 | 1,431.45 |
Enterprise Value (EV) £ (Millions) | 981.65 | 964.05 | 1,259.54 | 766.47 | 1,530.47 |
EBITDA/EV | 0.07% 0.07% |
7.02% 7.14% |
0.88% 0.91% |
6.65% 6.65% |
2.34% 2.99% |
Operating Margin | 5.32% 5.46% |
5.73% 5.87% |
5.51% 5.71% |
5.21% 5.21% |
4.66% 6.16% |
Capital Employed £ (Millions) | 144.05 | 153.00 | 107.30 | 52.06 | 69.22 |
Return on Capital Employed | 0.32% 0.33% |
32.79% 33.58% |
10.32% 10.70% |
84.50% 84.49% |
51.16% 65.39% |
Invested Equity Capital £ (Millions) | 213.97 | 223.48 | 225.37 | 196.32 | 194.72 |
Earnings per Share - Basic | 41.50p 43.06p |
45.90p 47.46p |
42.50p 44.58p |
40.60p 37.76p |
37.70p 51.28p |
Earnings per Share - Diluted | 41.40p 42.91p |
45.70p 47.22p |
42.30p 44.38p |
40.20p 37.40p |
37.10p 50.43p |
Earnings per Share - Adjusted | 57.40p | 61.80p | 59.00p | 53.00p | 48.50p |
Earnings per Share Growth - Basic | -10% -9% |
8% 6% |
5% 18% |
8% -26% |
-3% 32% |
Earnings per Share Growth - Diluted | -9% -9% |
8% 6% |
5% 19% |
8% -26% |
-3% 32% |
Earnings per Share Growth - Adjusted | -7% | 5% | 11% | 9% | 22% |
PE Ratio - Diluted | 30.7 29.6 |
27.2 26.3 |
35.9 34.2 |
21.6 23.3 |
48.2 35.5 |
PEG - Diluted | n/a n/a |
3.4 4.4 |
7.2 1.8 |
2.7 n/a |
n/a 1.1 |
Tax Rate | 25.18% | 25.67% | 23.66% | 27.07% | 24.00% |
Dividend Cover | 1.01 0.76 |
1.08 0.83 |
1.13 0.86 |
1.32 0.94 |
1.39 1.47 |
Interest Cover | 19.45 19.96 |
21.60 22.11 |
29.29 30.37 |
21.36 21.35 |
41.55 53.07 |
Continuing & Discontinued Operations | |||||
Earnings per Share - Basic | 0.42p 0.42p |
45.90p 47.46p |
10.62p 11.13p |
40.60p 37.76p |
37.70p 48.16p |
Earnings per Share - Diluted | 0.42p 0.42p |
45.70p 47.22p |
10.57p 11.09p |
40.20p 37.40p |
37.10p 47.37p |
Earnings per Share - Adjusted | 0.58p | 61.80p | 14.74p | 53.00p | 48.50p |
Earnings per Share Growth - Basic | -99% -99% |
332% 326% |
-74% -70% |
8% -22% |
-3% 24% |
Earnings per Share Growth - Diluted | -99% -99% |
332% 326% |
-74% -70% |
8% -21% |
-3% 24% |
Earnings per Share Growth - Adjusted | -99% | 319% | -72% | 9% | 22% |
PE Ratio - Diluted | 3,039.1 3,039.7 |
27.2 26.3 |
143.8 137.1 |
21.6 23.3 |
48.2 37.8 |
PEG - Diluted | n/a n/a |
0.1 0.1 |
n/a n/a |
2.7 n/a |
n/a 1.6 |
Dividend Cover | 0.01 0.01 |
1.08 0.83 |
0.28 0.21 |
1.32 0.94 |
1.39 1.38 |
Return on Equity (ROE) | 0.15% 0.15% |
16.07% 16.61% |
3.67% 3.85% |
16.45% 15.31% |
14.10% 18.00% |
Operating Cash Flow per Share | 55.28p | 49.89p | 35.23p | 62.40p | (23.61p) |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (0.24p) | 24.86p | (1.27p) | (36.26p) | 61.31p |
Capital Expenditure per Share | n/a | n/a | n/a | n/a | n/a |
Dividend per Share | 57.00p | 57.00p | 52.00p | 40.00p | 35.00p |
Dividend per Share Growth | n/a | 9.62% | 30.00% | 14.29% | 12.90% |
Dividend Yield | 4.5% | 4.6% | 3.4% | 4.6% | 2.0% |
Shareholders Funds | 212.82 | 222.38 | 225.37 | 196.32 | 194.72 |
Net Borrowings £ (Millions) | 71.41 | 59.38 | 37.05 | 52.54 | 53.63 |
Net Asset Value per Share (inc. Intangibles) | 59.76p | 63.09p | 59.46p | (21.38p) | (40.95p) |
£ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
Gearing - inc Intangibles | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-15 | 31-Mar-14 |
Shareholders' Funds inc Intangibles | 212.82 | 222.38 | 225.37 | 196.32 | 194.72 |
Net Borrowings £ (Millions) | 71.41 | 59.38 | 37.05 | 52.54 | 53.63 |
Net Gearing | 33.55% | 26.70% | 16.44% | 26.76% | 27.54% |
Cash & Near Cash | 25.06 | 43.61 | 24.17 | 16.54 | 45.39 |
Cash | 11.78% | 19.61% | 10.72% | 8.42% | 23.31% |
Gross Borrowings | 96.47 | 102.99 | 61.21 | 69.07 | 99.02 |
Gross Gearing | 45.33% | 46.31% | 27.16% | 35.18% | 50.85% |
Borrowings Under 5 years | 96.47 | 102.99 | 61.21 | 69.07 | 99.02 |
Under 5 years | 45.33% | 46.31% | 27.16% | 35.18% | 50.85% |
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-15 | 31-Mar-14 |
Shareholders' Funds exc Intangibles | 46.87 | 49.34 | 46.37 | (17.01) | (29.80) |
Net Borrowings £ (Millions) | 71.41 | 59.38 | 37.05 | 52.54 | 53.63 |
Net Gearing | 152.36% | 120.35% | 79.90% | n/a | n/a |
Cash & Near Cash | 25.06 | 43.61 | 24.17 | 16.54 | 45.39 |
Cash | 53.47% | 88.39% | 52.12% | (97.19%) | (152.32%) |
Gross Borrowings | 96.47 | 102.99 | 61.21 | 69.07 | 99.02 |
Gross Gearing | 205.82% | 208.74% | 132.02% | 405.98% | 332.29% |
Borrowings Under 5 years | 96.47 | 102.99 | 61.21 | 69.07 | 99.02 |
Under 5 years | 205.83% | 208.74% | 132.02% | (405.98%) | (332.29%) |
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-15 | 31-Mar-14 |
Quick Ratio | 1.43 | 1.49 | 1.30 | 1.02 | 1.15 |
Current Ratio | 1.47 | 1.52 | 1.33 | 1.02 | 1.16 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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