Hargreaves Services (HSP)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

435.00p
   
  • Change Today:
      8.50p
  • 52 Week High: 568.00
  • 52 Week Low: 241.00
  • Currency: UK Pounds
  • Shares Issued: 32.27m
  • Volume: 47,211
  • Market Cap: £140.35m
  • RiskGrade: 224
  • Beta: 0.23

Dividend Data

  31-May-2131-May-2031-May-1931-May-1831-May-17
Interim Dividend2.70pn/a2.70p2.70p2.70p
Final Dividend4.50p4.50p4.50p4.50p4.50p
Total Dividend19.20p4.50p7.20p7.20p7.20p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-May-21 31-May-20 31-May-19 31-May-18 31-May-17
Continuing Operations          
Revenue 204.80 222.24 302.61 297.12 342.71
Operating Profit/(Loss) (2.07) 1.30 (9.69) (1.38) 1.35
Net Interest (1.24) (1.29) (1.70) (1.31) (2.09)
Profit Before Tax 14.37 2.15 (9.86) 0.49 4.75
Profit After Tax 16.41 4.27 (8.19) 1.18 5.32
Discontinued Operations          
Profit After Tax n/a n/a 3.53 (1.00) (0.53)
PROFIT FOR THE PERIOD 16.41 4.27 (4.67) 0.18 4.78
Attributable to:          
Equity Holders of Parent Company 16.43 4.32 (4.74) 0.23 5.14
Minority Interests (0.02) (0.04) 0.07 (0.05) (0.36)
           
Continuing EPS          
Earnings per Share - Basic 50.84p 13.40p (25.71p) 3.84p 17.81p
Earnings per Share - Diluted 49.38p 13.11p (25.71p) 3.82p 17.58p
Earnings per Share - Adjusted 70.66p 19.87p 15.30p 14.90p 19.79p
Continuing and Discontinued EPS          
Earnings per Share - Basic 50.84p 13.40p (14.75p) 0.72p 16.14p
Earnings per Share - Diluted 49.38p 13.11p (14.75p) 0.71p 15.93p
Earnings per Share - Adjusted 70.66p 19.87p 15.30p 14.90p 19.79p
           
Dividend per Share 19.20p 4.50p 7.20p 7.20p 7.20p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-May-21 31-May-20 31-May-19 31-May-18 31-May-17
Assets          
Non-Current Assets          
Property, Plant & Equipment 27.58 31.41 45.53 53.78 63.66
Intangible Assets 4.82 9.42 10.98 11.12 12.39
Investment Properties 7.61 9.22 10.07 11.91 12.12
Investments 31.19 14.09 11.74 10.12 6.92
Other Financial Assets n/a n/a n/a n/a 0.01
Other Non-Current Assets 12.99 8.33 6.23 3.81 2.84
  84.19 72.46 84.55 90.74 97.94
Current Assets          
Inventories 27.17 64.01 48.04 34.65 29.15
Trade & Other Receivables 78.26 71.32 75.56 103.25 121.66
Cash at Bank & in Hand 28.30 18.50 21.58 16.11 27.82
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 1.78 11.53 19.57 36.67 5.18
  135.51 165.35 164.75 190.68 183.81
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 219.71 237.82 249.31 281.42 281.75
           
Liabilities          
Current Liabilities          
Borrowings 3.18 37.19 4.29 42.46 4.96
Other Current Liabilities 58.28 55.69 73.24 91.07 89.81
  61.46 92.88 77.53 133.53 94.77
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 8.59 9.44 35.22 4.43 38.59
Provisions 2.49 1.68 4.76 2.95 5.34
Other Non-Current Liabilities 2.87 3.77 4.32 4.43 5.11
  13.95 14.88 44.30 11.81 49.04
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 75.41 107.76 121.83 145.33 143.82
           
Net Assets 144.30 130.05 127.48 136.09 137.93
           
Capital & Reserves          
Share Capital 3.31 3.31 3.31 3.31 3.31
Share Premium Account 73.96 73.96 73.96 73.96 73.95
Other Reserves 2.59 4.08 3.31 3.95 2.94
Retained Earnings 64.44 48.70 46.84 54.89 57.69
Shareholders Funds 144.30 130.05 127.42 136.11 137.90
           
Minority Interests/Other Equity n/a n/a 0.06 (0.02) 0.03
Total Equity 144.30 130.05 127.48 136.09 137.93
Cash Flow 31-May-21 31-May-20 31-May-19 31-May-18 31-May-17
Net Cash Flow From Operating Activities 45.23 (7.06) 23.05 16.83 33.48
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 5.80 9.12 3.80 (24.53) (14.94)
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 (40.41) (5.22) (21.39) (3.96) (12.16)
Net Increase/Decrease In Cash 10.62 (3.15) 5.46 (11.66) 6.38
Ratios - based on IFRS 31-May-21 31-May-20 31-May-19 31-May-18 31-May-17
Continuing Operations          
PE Ratio - Adjusted 5.3 10.1 15.0 23.7 16.9
PEG - Adjusted 0.0 0.3 5.0 n/a 0.1
Earnings per Share Growth - Adjusted 256% 30% 3% -25% 247%
Dividend Cover 3.68 4.42 2.13 2.07 2.75
Revenue per Share 6.41p 688.79p 937.89p 920.86p 1,062.16p
Pre-Tax Profit per Share 0.45p 6.67p (30.55p) 1.51p 14.72p
Operating Margin (1.01%) 0.59% (3.20%) (0.46%) 0.39%
Return on Capital Employed 0.10% 2.04% n/a 1.03% 3.92%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 530.0 10.1 15.0 23.7 16.9
PEG - Adjusted n/a 0.3 5.0 n/a 0.1
Earnings per Share Growth - Adjusted -96% 30% 3% -25% 247%
Dividend Cover 0.04 4.42 2.13 2.07 2.75
           
Dividend Yield 5.1% 2.3% 3.1% 2.0% 2.2%
Dividend per Share Growth 326.67% (37.50%) n/a n/a 213.04%
Operating Cash Flow per Share 140.17p (21.88p) 71.43p 52.18p 103.77p
Cash Incr/Decr per Share 0.33p (9.77p) 16.91p (36.14p) 19.77p
Net Asset Value per Share (exc. Intangibles) 432.27p 373.89p 361.05p 387.31p 389.09p
Net Gearing -11.46% 21.62% 14.07% 22.62% 11.41%

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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