Polymetal International (POLY)

Sector:

Mining

Index:

FTSE 100

1,318.50p
   
  • Change Today:
    -7.50p
  • 52 Week High: 1,883.50
  • 52 Week Low: 1,317.50
  • Currency: UK Pounds
  • Shares Issued: 473.59m
  • Volume: 3,534,731
  • Market Cap: £6,244m
  • RiskGrade: 179

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Annualisation Factor 1.0 1.0 0.2 1.0 1.0
Dividend Yield 5.6% 3.8% 4.3% 2.7% 1.1%
           
Continuing Operations          
PE Ratio - Adjusted 10.1 13.1 11.3 n/a n/a
PE Ratio - Diluted 10.2
10.5
15.6
13.0
14.3
11.4
n/a
n/a
n/a
88.3
PEG - Adjusted 0.1 0.5 n/a n/a n/a
PEG - Diluted 0.1
0.1
0.5
0.5
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 51.38%
50.23%
31.59%
36.32%
28.19%
33.70%
(5.52%)
(5.02%)
(6.76%)
6.88%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.1 13.1 45.2 n/a n/a
PE Ratio - Diluted 10.2
10.5
16.2
13.3
57.2
45.5
n/a
n/a
n/a
88.3
PEG - Adjusted 0.1 0.0 n/a n/a n/a
PEG - Diluted 0.1
0.1
0.0
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-14 31-Dec-13
Net Gearing 69.13% 78.37% 110.22% 134.03% 59.39%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 421.83¢ 411.77¢ 307.78¢ 213.09¢ 452.81¢
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-14 31-Dec-13
Continuing Operations          
Revenue 2,865.00 2,241.00 426.21 1,690.39 1,706.60
EBITDA 1,472.00
1,439.00
708.00
814.00
166.64
190.12
234.77
243.28
171.95
404.68
Depreciation n/a
n/a
n/a
n/a
(46.47)
(46.47)
(328.10)
(328.10)
(287.34)
(287.34)
Net Interest (67.00)
(67.00)
(74.00)
(74.00)
(15.74)
(15.74)
(37.41)
(37.41)
(39.89)
(39.89)
Profit Before Tax 1,405.00
1,372.00
634.00
740.00
104.18
127.66
(137.88)
(129.37)
(157.62)
75.11
           
Revenue per Share 607.92¢ 476.88¢ 94.92¢ 423.01¢ 439.92¢
Pre-Tax Profit per Share 298.12¢
291.12¢
134.91¢
157.47¢
23.20¢
28.43¢
(34.50¢)
(32.37¢)
(40.63¢)
19.36¢
Market Capitalisation $ (Millions) 7,947.77 5,618.75 3,858.21 2,423.92 2,239.47
Enterprise Value (EV) $ (Millions) 9,717.77 7,368.75 5,683.21 3,737.15 3,350.61
EBITDA/EV 15.15%
14.81%
9.61%
11.05%
2.93%
3.35%
6.28%
6.51%
5.13%
12.08%
Operating Margin 51.38%
50.23%
31.59%
36.32%
28.19%
33.70%
(5.52%)
(5.02%)
(6.76%)
6.88%
Capital Employed $ (Millions) 3,967.00 3,895.00 3,433.00 2,331.30 2,946.93
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) 2,211.00 2,124.00 1,531.00 1,074.99 1,850.57
           
Earnings per Share - Basic 230.00¢
223.44¢
106.00¢
128.10¢
79.00¢
99.55¢
(53.00¢)
(50.38¢)
(51.00¢)
8.94¢
Earnings per Share - Diluted 227.00¢
220.30¢
105.00¢
126.36¢
79.00¢
99.22¢
(53.00¢)
(50.37¢)
(51.00¢)
8.94¢
Earnings per Share - Adjusted 228.00¢ 125.00¢ 100.00¢ (53.00)¢ (51.00)¢
Earnings per Share Growth - Basic 117%
74%
34%
29%
n/a
n/a
n/a
n/a
n/a
-92%
Earnings per Share Growth - Diluted 116%
74%
33%
27%
n/a
n/a
n/a
n/a
n/a
-92%
Earnings per Share Growth - Adjusted 82% 25% n/a n/a n/a
PE Ratio - Diluted 10.2
10.5
15.6
13.0
14.3
11.4
n/a
n/a
n/a
88.3
PEG - Diluted 0.1
0.1
0.5
0.5
n/a
n/a
n/a
n/a
n/a
n/a
Tax Rate 22.70% 21.29% 15.55% (55.04%) (26.03%)
Dividend Cover 1.77
1.73
2.02
2.07
2.08
2.07
(2.52)
(2.40)
(5.67)
0.99
Interest Cover 21.97
21.48
9.57
11.00
6.87
8.20
(2.39)
(2.18)
(2.69)
2.76
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 230.00¢
223.44¢
102.00¢
124.70¢
19.74¢
24.87¢
(53.00¢)
(50.38¢)
(51.00¢)
8.94¢
Earnings per Share - Diluted 227.00¢
220.30¢
101.00¢
123.00¢
19.74¢
24.79¢
(53.00¢)
(50.37¢)
(51.00¢)
8.94¢
Earnings per Share - Adjusted 228.00¢ 125.00¢ 24.98¢ (53.00¢) (51.00¢)
Earnings per Share Growth - Basic 126%
79%
417%
401%
n/a
n/a
n/a
n/a
n/a
-92%
Earnings per Share Growth - Diluted 125%
79%
412%
396%
n/a
n/a
n/a
n/a
n/a
-92%
Earnings per Share Growth - Adjusted 82% 400% n/a n/a n/a
PE Ratio - Diluted 10.2
10.5
16.2
13.3
57.2
45.5
n/a
n/a
n/a
88.3
PEG - Diluted 0.1
0.1
0.0
0.0
n/a
n/a
n/a
n/a
n/a
n/a
Dividend Cover 1.77
1.73
2.02
2.01
0.52
0.52
(2.52)
(2.40)
(5.67)
0.99
Return on Equity (ROE) 49.12%
47.63%
22.60%
27.59%
5.78%
7.29%
(19.52%)
(18.73%)
(10.70%)
1.87%
Operating Cash Flow per Share 252.93¢ 148.11¢ 114.25¢ 129.67¢ 119.01¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 28.22¢ (26.17¢) 19.92¢ 31.89¢ 8.67¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 129.00¢ 62.00¢ 48.00¢ 21.00¢ 9.00¢
Dividend per Share Growth 108.06% 29.17% 128.57% 133.33% (70.97%)
Dividend Yield 5.6% 3.8% 4.3% 2.7% 1.1%
Shareholders Funds 2,002.00 1,928.00 1,379.00 869.48 1,787.49
Net Borrowings $ (Millions) 1,384.00 1,511.00 1,520.00 1,165.41 1,045.58
Net Asset Value per Share (inc. Intangibles) 421.83¢ 406.87¢ 303.77¢ 213.09¢ 452.81¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-14 31-Dec-13
Shareholders' Funds inc Intangibles 2,002.00 1,928.00 1,379.00 869.48 1,787.49
Net Borrowings $ (Millions) 1,384.00 1,511.00 1,520.00 1,165.41 1,045.58
Net Gearing 69.13% 78.37% 110.22% 134.03% 59.39%
Cash & Near Cash 386.00 253.00 379.00 157.22 65.57
Cash 19.28% 13.12% 27.48% 18.08% 3.67%
Gross Borrowings 1,770.00 1,764.00 1,899.00 1,322.63 1,111.14
Gross Gearing 88.41% 91.49% 137.71% 152.12% 63.06%
Borrowings Under 5 years 1,770.00 1,764.00 1,899.00 1,322.63 1,111.14
Under 5 years 88.41% 91.49% 137.71% 152.12% 62.16%
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-14 31-Dec-13
Shareholders' Funds exc Intangibles 1,988.00 1,912.00 1,364.00 851.51 1,756.60
Net Borrowings $ (Millions) 1,384.00 1,511.00 1,520.00 1,165.41 1,045.58
Net Gearing 69.62% 79.03% 111.44% 136.86% 60.44%
Cash & Near Cash 386.00 253.00 379.00 157.22 65.57
Cash 19.42% 13.23% 27.79% 18.46% 3.73%
Gross Borrowings 1,770.00 1,764.00 1,899.00 1,322.63 1,111.14
Gross Gearing 89.03% 92.26% 139.22% 155.33% 64.17%
Borrowings Under 5 years 1,770.00 1,764.00 1,899.00 1,322.63 1,111.14
Under 5 years 89.03% 92.26% 139.22% 155.33% 63.26%
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-14 31-Dec-13
Quick Ratio 1.13 1.26 1.62 0.29 0.76
Current Ratio 2.18 2.76 2.89 0.74 3.23
Interest Cover 21.97
21.48
9.57
11.00
6.87
8.20
(2.39)
(2.18)
(2.69)
2.76

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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