UK Commercial Property Reit Limited (UKCM)

Sector:

Real Estate

Index:

FTSE 250

77.80p
   
  • Change Today:
      1.30p
  • 52 Week High: 84.10
  • 52 Week Low: 63.60
  • Currency: UK Pounds
  • Shares Issued: 1,299.41m
  • Volume: 1,285,540
  • Market Cap: £1,010.94m
  • RiskGrade: 248
  • Beta: 0.01

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-08 31-Dec-07
Annualisation Factor 1.0 1.0 0.1 1.0 1.0
Dividend Yield 3.4% 4.1% 4.4% 9.9% 9.6%
           
Continuing Operations          
PE Ratio - Adjusted 25.5 25.4 27.5 n/a n/a
PE Ratio - Diluted n/a
25.5
683.1
25.4
20.4
27.4
n/a
n/a
n/a
n/a
PEG - Adjusted n/a 1.6 n/a n/a n/a
PEG - Diluted n/a
n/a
n/a
1.7
n/a
n/a
n/a
n/a
n/a
n/a
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Operating Margin (3.22%)
67.12%
14.00%
75.04%
100.55%
71.81%
(281.19%)
(281.19%)
(55.01%)
(55.01%)
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 25.5 25.4 274.7 n/a n/a
PE Ratio - Diluted n/a
25.5
683.1
25.4
204.0
274.6
n/a
n/a
n/a
n/a
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a
n/a
0.0
n/a
n/a
n/a
n/a
n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-08 31-Dec-07
Net Gearing 6.66% 17.00% 17.00% n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-08 31-Dec-07
Price/Book Value 0.8 1.0 0.9 0.7 0.7
Price/Tangible Book Value 0.8 1.0 0.9 0.7 0.7
Price/ Cash Flow 28.7 36.0 23.5 11.6 10.5
Price/Revenue 13.87 16.08 164.04 9.55 10.35
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 86.73p 89.81p 93.32p 71.19p 105.40p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-08 31-Dec-07
Continuing Operations          
Revenue 64.66 71.75 6.59 48.33 50.90
EBITDA (2.09)
43.40
10.05
53.84
6.63
4.73
(135.88)
(135.88)
(28.00)
(28.00)
Depreciation n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Net Interest (8.20)
(8.20)
(8.36)
(8.36)
(0.75)
(0.75)
n/a
n/a
(0.11)
(0.11)
Profit Before Tax (10.28)
35.21
1.69
45.49
5.88
3.99
(135.88)
(135.88)
(28.11)
(28.11)
           
Revenue per Share 4.98p 5.52p 0.51p 5.57p 6.72p
Pre-Tax Profit per Share (0.79p)
2.71p
0.13p
3.50p
0.45p
0.31p
(15.67p)
(15.67p)
(3.71p)
(3.71p)
Market Capitalisation £ (Millions) 896.59 1,153.88 1,081.11 468.60 611.60
Enterprise Value (EV) £ (Millions) 1,094.44 1,401.33 1,330.77 468.60 611.60
EBITDA/EV (0.19%)
3.97%
0.72%
3.84%
0.50%
0.36%
(29.00%)
(29.00%)
(4.58%)
(4.58%)
Operating Margin (3.22%)
67.12%
14.00%
75.04%
100.55%
71.81%
(281.19%)
(281.19%)
(55.01%)
(55.01%)
Capital Employed £ (Millions) 1,324.85 1,414.45 1,462.28 617.34 798.75
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Invested Equity Capital £ (Millions) 1,126.98 1,167.14 1,212.62 617.34 798.74
           
Earnings per Share - Basic (0.79p)
2.71p
0.13p
3.50p
4.08p
3.03p
(15.67p)
(15.67p)
(3.71p)
(3.71p)
Earnings per Share - Diluted (0.79p)
2.71p
0.13p
3.50p
4.08p
3.03p
(15.67p)
(15.67p)
(3.71p)
(3.71p)
Earnings per Share - Adjusted 2.71p 3.50p 3.03p (15.67)p (3.71)p
Earnings per Share Growth - Basic n/a
-22%
-97%
15%
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Diluted n/a
-22%
-97%
15%
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Adjusted -23% 16% n/a n/a n/a
PE Ratio - Diluted n/a
25.5
683.1
25.4
20.4
27.4
n/a
n/a
n/a
n/a
PEG - Diluted n/a
n/a
n/a
1.7
n/a
n/a
n/a
n/a
n/a
n/a
Tax Rate n/a 2.66% 9.91% n/a n/a
Dividend Cover 1.14
1.14
0.95
0.95
0.82
0.82
(2.98)
(2.98)
(0.55)
(0.55)
Interest Cover (0.25)
5.29
1.20
6.44
8.38
6.00
n/a
n/a
(261.67)
(261.67)
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (0.79p)
2.71p
0.13p
3.50p
0.41p
0.30p
(15.67p)
(15.67p)
(3.71p)
(3.71p)
Earnings per Share - Diluted (0.79p)
2.71p
0.13p
3.50p
0.41p
0.30p
(15.67p)
(15.67p)
(3.71p)
(3.71p)
Earnings per Share - Adjusted 2.71p 3.50p 0.30p (15.67p) (3.71p)
Earnings per Share Growth - Basic n/a
-22%
-68%
1,054%
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Diluted n/a
-22%
-68%
1,054%
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Adjusted -23% 1,056% n/a n/a n/a
PE Ratio - Diluted n/a
25.5
683.1
25.4
204.0
274.6
n/a
n/a
n/a
n/a
PEG - Diluted n/a
n/a
n/a
0.0
n/a
n/a
n/a
n/a
n/a
n/a
Dividend Cover 1.14
1.14
0.95
0.95
0.08
0.08
(2.98)
(2.98)
(0.55)
(0.55)
Return on Equity (ROE) (0.91%)
3.12%
0.14%
3.89%
0.44%
0.32%
(22.01%)
(22.01%)
(3.52%)
(3.52%)
Operating Cash Flow per Share 2.41p 2.47p 3.53p 4.57p n/a
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 5.68p 0.42p (0.22p) 3.58p 4.43p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 2.37p 3.68p 3.68p 5.25p 6.70p
Dividend per Share Growth (35.57%) n/a (29.90%) (21.64%) n/a
Dividend Yield 3.4% 4.1% 4.4% 9.9% 9.6%
Shareholders Funds 1,126.98 1,167.14 1,212.62 617.34 798.74
Net Borrowings £ (Millions) 75.11 198.47 206.16 (64.61) (33.59)
Net Asset Value per Share (inc. Intangibles) 86.73p 89.82p 93.32p 71.19p 105.40p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-08 31-Dec-07
Shareholders' Funds inc Intangibles 1,126.98 1,167.14 1,212.62 617.34 798.74
Net Borrowings £ (Millions) 75.11 198.47 206.16 (64.61) (33.59)
Net Gearing 6.66% 17.00% 17.00% n/a n/a
Cash & Near Cash 122.74 48.98 43.51 64.61 33.59
Cash 10.89% 4.20% 3.59% 10.47% 4.21%
Gross Borrowings 197.85 247.45 249.66 n/a n/a
Gross Gearing 17.56% 21.20% 20.59% n/a n/a
Borrowings Under 5 years 197.85 247.45 249.66 n/a n/a
Under 5 years 17.56% 21.20% 20.59% n/a n/a
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-Dec-20 31-Dec-19 31-Dec-18 31-Dec-08 31-Dec-07
Shareholders' Funds exc Intangibles 1,126.98 1,167.14 1,212.62 617.34 798.74
Net Borrowings £ (Millions) 75.11 198.47 206.16 (64.61) (33.59)
Net Gearing 6.66% 17.00% 17.00% n/a n/a
Cash & Near Cash 122.74 48.98 43.51 64.61 33.59
Cash 10.89% 4.20% 3.59% 10.47% 4.21%
Gross Borrowings 197.85 247.45 249.66 n/a n/a
Gross Gearing 17.56% 21.20% 20.59% n/a n/a
Borrowings Under 5 years 197.85 247.45 249.66 n/a n/a
Under 5 years 17.56% 21.20% 20.59% n/a n/a
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-Dec-20 31-Dec-19 31-Dec-18 31-Dec-08 31-Dec-07
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 6.40 5.56 1.87 5.57 2.78

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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