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National Express

www.nationalexpressgroup.com

Overview

Figures in £(m) unless stated
Sales 2207.900
EBITDA 380.300
Operating Profit 196.000
Pre-tax Profit 156.400
Net Profit 128.400
Capex -136.500
Operating Cash Flow 295.500
Net Working Capital -13.500
Key Ratios
EBITDA Margin 17.225
Operating Profit Margin 0.089 -%
Net Profit Margin 0.059 -%
Capex/Sales (%) 0.062
NWC/Sales (%) 5.8154807735858
Asset Turnover 0.641
Days Inventory 6.803  days
Days Receivable 29.583  days
Days Payable 62.083  days
Performance (Last 3 Years)
Sales CAGR 0.058
EBITDA CAGR n/a
Operating Profit CAGR -
Profit CAGR -
Return on Equity(%) 11.635
Return on Assets(%) 3.805
Return on Invested Capital (ROIC)(%) 7.028
ROIC - WACC n/a
Valuation
Market Cap -
Price to Earnings 15.456
Price to Book Value 1.793
Price to Tangible Book -1.043
Equity to FCF Yield 754.19397116645
Enterprise Value -
EV to Sales -
EV to EBITDA 7.641
EV to Operating Profit -
EV to Invested Capital -
EV to FCF Yield 0.074
Dividend Yield 0.033
Payout Ratio 50.6
Per Share Data (in GBp unless stated)
Earnings per share 0.244000
Operating Cashflow per share 0.57631006843763
Free Cashflow per share 0.305200
Dividend per share -
NAV per share -
Cash per share 0.571900
Solvency
Intangibles Incl. Excl.
Net debt to Equity % 79.572052401747 -186.54791154791
Cash to Equity % 27.449781659389 -163339999972.55
Gross debt to Equity % 107.02183406114 -250.9009009009
Gross Debt < 1 Year to Equity 14.620087336245 -34.275184275184
Net debt to Assets % 35.503404316964 67.400033001485
Net Debt/EBITDA 239.57402051012 0
Net Interest Cover 4.349036 n/a
Op Cashflow Interest Cover 6.3276231263383 n/a
Current Ratio 0.768749 n/a
Quick Ratio 0.692781 n/a
Cash Ratio - n/a (Intangibles collected as non-current)
Dividend Cover - n/a
Key Dates
Latest Dividend Pay date n/a
Latest Ex-Dividend date n/a
Last Annual Results 2018-03-29
Last Interim Results 2018-03-29

Profit/Loss

Figures in £(m) unless stated31/12/1731/12/1631/12/1531/12/1431/12/1331/12/1231/12/1131/12/10
Sales 2207.9002096.2001916.5001865.0001888.8001828.0002238.0002125.900
Cost of Goods Sold 1338.7001174.7001019.6001015.6001049.100971.100--
Gross Profit 869.200921.500896.900849.400839.700856.900--
Operating Expenses 673.200737.800732.500738.100725.200742.9002065.6001970.200
EBITDA 380.300349.400304.100253.300276.300283.600335.600243.100
Depreciation & Amortisation --------
EBIT (Operating Profit) 196.000183.700164.400111.300114.500114.000172.400155.700
Interest Expense/Income ------44.70042.900
Profit Before Tax 156.400136.300124.40066.50064.40069.800129.40040.200
Taxes on Income 28.00020.20015.3005.9006.1008.50026.800-22.500
Net Profit 128.400116.100109.10060.60058.30061.300102.60062.700
Net Margin 0.0590.0560.0560.0320.0300.0330.0450.029
Net profit/loss per share
Basic EPS 0.2450.2220.2090.1160.1110.1180.1990.121
Diluted EPS 0.2440.2210.2090.1150.1110.1170.1980.121

Balance sheet

 
Figures in £(m) unless stated 31/12/1731/12/1631/12/1531/12/1431/12/1331/12/1231/12/1131/12/10
ASSETS         
Tangible Assets 1094.4001133.500914.600835.500794.500847.800817.600737.900
Intangible Assets 1633.4001548.6001230.7001177.4001223.5001262.9001212.5001284.200
Investments 11.30013.70010.6005.4005.1004.4006.6006.600
Total Fixed Assets 2739.1002695.8002155.9002018.3002023.1002115.1002036.7002028.700
Stocks 24.90025.00022.50021.80021.20019.30018.80017.600
Debtors 189.000168.900132.300105.60099.000120.300145.600136.000
Cash & Equivalents --------
Total Current Assets 712.400739.100328.600307.900253.400300.200381.400394.900
Other Assets n/a         
Total Assets 3451.5003434.9002484.5002326.2002276.5002415.3002418.1002423.600
LIABILITIES         
Interest bearing debt < 1 year 167.400443.80099.10055.90076.800169.00024.90064.400
Other Trade Creditors < 1 year --------
Total Creditors within 1 year 926.7001194.500697.300566.000481.200569.000582.000633.800
Interest bearing debt > 1 year 933.900713.200652.600654.200650.000659.700718.400674.400
Other Trade Creditors > 1 year --------
Total Creditors > 1 year 0.0000.0000.0000.0000.0000.0000.0000.000
Other Liabilities  n/a         
Total Liabilities 2285.1002309.4001653.4001490.0001379.2001512.9001452.7001483.800
Net Assets(NET Tangible Assets exist) -488.400-441.800-414.500-353.900-336.900-370.000-255.000-351.000
EQUITY         
Called up share capital 25.60025.60025.60025.60025.60025.60025.60025.600
Share Premium 532.900532.900532.900532.900532.900532.900518.900518.800
Profit / loss 410.900362.000345.600299.300282.400290.700313.100263.700
Other Equity 175.600186.300-87.900-34.30045.70043.70099.900125.100
Shareholders Funds 1145.0001106.800816.200823.500886.600892.900957.500933.200
Preference Stock --------
Total Capital Employed 1145.0001106.800816.200823.500886.600892.900957.500933.200

Cash flow

Figures in £(m) unless stated 31/12/1731/12/1631/12/1531/12/1431/12/1331/12/1231/12/1131/12/10
EBITDA 154.900141.200124.40066.50064.40069.800174.40085.900
Change in Working Capital -13.500-14.400-34.000-3.10021.000-109.000-86.100-25.700
Cash Taxes Paid --------
Cash Interest Paid/Received 13.100-------
Other (incl. non-cash items) -62.500------50.200-43.800
Net Cash from Operating Activities 295.500316.600252.900232.200280.100156.200188.400170.000
Capital Expenditure -136.500-136.600-123.900-63.200-93.900-106.700-108.400-51.900
Acquisitions/Disposals --------
Other Investing Activities --------
Net Cashflow from Investing Activities -173.000-197.700-174.100-49.300-86.100-241.800-101.600-45.800
Dividends -64.700-58.900-54.400-51.600-50.300-49.300-45.800-
Increase/Decrease in Debt -28.600354.10044.300-9.700-99.400174.500-35.600-74.000
Increase/Decrease in Equity -8.100-7.700-8.500-3.200-2.800-0.800-2.700-1.700
Other Financing Activities -94.700-207.500-137.300-126.400-124.200-107.300-84.400-24.500
Cash from Financing -131.400138.900-101.500-139.300-226.40066.400-122.700-100.200
Net increase in cash -8.900257.800-22.70043.600-32.400-19.200-35.90024.000

Directors dealings

Date Director Trans Amount Type Price(p) Value (£) Holding %
2018-08-13 Elliott Sander P 1000.00 5p Ords 539 5390 1000.00 0.0001954
2018-08-09 Elliott Sander S 1000.00 5p Ords 541 5410 0.00 0.0000000
2018-08-07 Mr. Michael James Edward McKeon P 5000.00 5p Ords 408.7697 20438 10000.00 0.0019541
- Mr. Dean Finch - - Incentives - - 3194604.00
2018-05-23 Mr. Dean Finch T 189222.00 5p Ords 0 0 438705.00 0.0857283
2018-05-23 Mr. Dean Finch S 189222.00 5p Ords 420.88 796398 249483.00 0.0487520
- Mr. Chris Davies - - Incentives - - 379090.00
2018-05-17 Mr. Chris Davies E 30816.00 5p Ords 0 0 33816.00 0.0066081
2018-05-17 Mr. Chris Davies O 30816.00 5p Ords 407.775 125660 3000.00 0.0005862
- Matthew Ashley - - Incentives - - 1006902.00
- Dr. Ashley Steel - - Incentives - - 470282.00
2018-05-10 Mr. Chris Davies T 30816.00 5p Ords 0 0 3000.00 0.0005862
2018-04-11 Ms. Jane S Kingston P 3000.00 5p Ords 404.3497 12130 5100.00 0.0009966
- Mr. Dean Finch - - 5p Ords - - 249483.00 0.0487520
- Matthew Ashley - - 5p Ords - - 124278.00 0.0242854
- Mr. Chris Davies - - 5p Ords - - 3000.00 0.0005862
- Matthew Crummack - - 5p Ords - - 2696.00 0.0005268
- Mr. Jorge Cosmen - - 5p Ords - - 69237515.00 13.5298585
- Sir John Armitt CBE - - 5p Ords - - 6000.00 0.0011725
- Mr. Michael James Edward McKeon - - 5p Ords - - 5000.00 0.0009771
- Elliott Sander - - 5p Ords - - 1000.00 0.0001954
- Ms. Jane S Kingston - - 5p Ords - - 2100.00 0.0004104
- Dr. Ashley Steel - - 5p Ords - - 15416.00 0.0030125
- Mr. Chris Davies - - 5p Ords - - 3000.00 0.0005862
- Mr. Dean Finch - - Incentives - - 1604277.00
- Matthew Ashley - - Incentives - - 316202.00
- Dr. Ashley Steel - - Incentives - - 470282.00
2018-03-20 Mr. Dean Finch S 84598.00 5p Ords 392.2 331793 249483.00 0.0487520
- Mr. Dean Finch - - 5p Ords - - 334081.00 0.0652835
2018-03-08 Matthew Ashley S 20196.00 5p Ords 395 79774 167466.00 0.0327249
2018-03-08 Matthew Ashley S 43188.00 5p Ords 393.9245 170128 124278.00 0.0242854
- Mr. Chris Davies - - 5p Ords - - 3000.00 0.0005862
2018-03-06 Mr. Dean Finch E 344544.00 5p Ords 0 0 496342.00 0.0969913
2018-03-06 Mr. Dean Finch O 162261.00 5p Ords 390.3431 633375 334081.00 0.0652835
2018-03-06 Matthew Ashley E 138186.00 5p Ords 0 0 249971.00 0.0488474
2018-03-06 Matthew Ashley O 62309.00 5p Ords 390.3431 243219 187662.00 0.0366715
2017-12-14 Mr. Chris Davies P 3000.00 5p Ords 367.195 11016 3000.00 0.0005862
2017-09-18 Mr. Dean Finch P 14200.00 5p Ords 347.39 49329 151798.00 0.0296632
2017-09-04 Dr. Ashley Steel P 5888.00 5p Ords 356.8 21008 15416.00 0.0030125
- Matthew Ashley - - Incentives - - 316202.00
- Mr. Dean Finch - - Incentives - - 1604277.00
2017-08-03 Mr. Dean Finch E 130703.00 5p Ords 0 0 268301.00 0.0524293
2017-08-03 Mr. Dean Finch O 130703.00 5p Ords 367.3368 480120 137598.00 0.0268883
2017-05-25 Elliott Sander P 1000.00 5p Ords 479 4790 1000.00 0.0001954
2017-05-12 Matthew Crummack P 2696.00 5p Ords 368.09 9924 2696.00 0.0005268
- Dr. Ashley Steel - - Incentives - - 470282.00
- Mr. Dean Finch - - 5p Ords - - 137598.00 0.0268883
- Matthew Ashley - - 5p Ords - - 111785.00 0.0218442
2017-04-13 Mr. Dean Finch E 444095.00 5p Ords 0 0 581693.00 0.1136699
2017-04-13 Mr. Dean Finch O 444095.00 5p Ords 356.2357 1582025 137598.00 0.0268883
2017-04-13 Matthew Ashley E 146834.00 5p Ords 0 0 234725.00 0.0458681
2017-04-13 Matthew Ashley E 10793.00 5p Ords 274.3 29605 245518.00 0.0479772
2017-04-13 Matthew Ashley O 133733.00 5p Ords 356.2357 476405 111785.00 0.0218442
- Mr. Jorge Cosmen - - 5p Ords - - 69237515.00 13.5298585
- Sir John Armitt CBE - - 5p Ords - - 6000.00 0.0011725
- Mr. Michael James Edward McKeon - - 5p Ords - - 5000.00 0.0009771
- Ms. Jane S Kingston - - 5p Ords - - 2100.00 0.0004104
- Dr. Ashley Steel - - 5p Ords - - 9528.00 0.0018619
- Mr. Dean Finch - - Incentives - - 2002338.00
- Matthew Ashley - - Incentives - - 476318.00
2017-03-15 Mr. Dean Finch T 129550.00 5p Ords 0 0 267148.00 0.0522040
2017-03-15 Mr. Dean Finch S 129550.00 5p Ords 359 465085 137598.00 0.0268883
2017-03-15 Matthew Ashley T 40278.00 5p Ords 0 0 128169.00 0.0250458
2017-03-15 Matthew Ashley S 40278.00 5p Ords 359 144598 87891.00 0.0171750
2016-06-20 Dr. Ashley Steel P 9528.00 5p Ords 312.5 29775 9528.00 0.0018619
2016-05-18 Ms. Jane S Kingston P 2100.00 5p Ords 327.8 6884 2100.00 0.0004104
2016-05-12 Mr. Dean Finch P 53000.00 5p Ords 330.95 175404 347598.00 0.0679249
2016-05-12 Mr. Dean Finch S 210000.00 5p Ords 328.01 688821 137598.00 0.0268883
2016-04-13 Mr. Dean Finch T 453283.00 5p Ords 0 0 747881.00 0.1461451
2016-04-13 Mr. Dean Finch S 453283.00 5p Ords 339.7536 1540045 294598.00 0.0575681
2016-04-13 Matthew Ashley T 148522.00 5p Ords 0 0 217119.00 0.0424277
2016-04-13 Matthew Ashley S 129228.00 5p Ords 339.7536 439057 87891.00 0.0171750
2016-04-04 Mr. Jorge Cosmen U 10000000.00 5p Ords 0 0 78860685.00 15.4103438
2016-04-04 Mr. Jorge Cosmen S 9623170.00 5p Ords 346.9 33382777 69237515.00 13.5298585
- Mr. Jorge Cosmen - - 5p Ords - - 88860685.00 17.3644663
- Sir John Armitt CBE - - 5p Ords - - 6000.00 0.0011725
- Mr. Michael James Edward McKeon - - 5p Ords - - 5000.00 0.0009771
- Matthew Ashley - - 5p Ords - - 68597.00 0.0134047
- Mr. Dean Finch - - Incentives - - 3258460.00
- Matthew Ashley - - Incentives - - 496727.00
2016-03-18 Mr. Dean Finch T 76643.00 5p Ords 0 0 371241.00 0.0725450
2016-03-18 Mr. Dean Finch S 76643.00 5p Ords 331.55 254110 294598.00 0.0575681
2015-11-09 Mr. Michael James Edward McKeon P 5000.00 5p Ords 311.9 15595 5000.00 0.0009771
- Sir Andrew Foster - - 5p Ords - - 22893.00 0.0044736
- Ms. Jacqueline Hunt - - 5p Ords - - 5000.00 0.0009771
- Sir Andrew Foster - - 5p Ords - - 22893.00 0.0044736
- Mr. Dean Finch - - Incentives - - 2889366.00
- Mr. Jorge Cosmen - - 5p Ords - - 88860685.00 17.3644663
- Sir John Armitt CBE - - 5p Ords - - 6000.00 0.0011725
- Ms. Jacqueline Hunt - - 5p Ords - - 5000.00 0.0009771
2015-02-28 Mr. Dean Finch T 73378.00 5p Ords 0 0 367976.00 0.0719070
2015-03-02 Mr. Dean Finch S 73378.00 5p Ords 289 212062 294598.00 0.0575681

Dividends

No data.

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