National Express (LON:NEX)

National Express (LON:NEX)


Share Price
407.60 p
Change
1.8 (0.44 %)
Market Cap
£2,085.85 m
Proactive Investors - Run By Investors For Investors

National Express

www.nationalexpressgroup.com

Overview

Figures in £(m) unless stated
Sales 2450.700
EBITDA 405.700
Operating Profit 232.100
Pre-tax Profit 177.700
Net Profit 138.700
Capex -166.400
Operating Cash Flow 306.800
Net Working Capital -432.500
Key Ratios
EBITDA Margin 16.555
Operating Profit Margin 0.095 -%
Net Profit Margin 0.055 -%
Capex/Sales (%) 0.068
NWC/Sales (%) 5.6596074590933
Asset Turnover 0.702
Days Inventory 7.610  days
Days Receivable 29.266  days
Days Payable 84.943  days
Performance (Last 3 Years)
Sales CAGR 0.085
EBITDA CAGR n/a
Operating Profit CAGR -
Profit CAGR -
Return on Equity(%) 11.702
Return on Assets(%) 3.890
Return on Invested Capital (ROIC)(%) 7.113
ROIC - WACC n/a
Valuation
Market Cap -
Price to Earnings 15.314
Price to Book Value 1.768
Price to Tangible Book -
Equity to FCF Yield 838.09349890431
Enterprise Value -
EV to Sales -
EV to EBITDA -
EV to Operating Profit -
EV to Invested Capital -
EV to FCF Yield -
Dividend Yield -
Payout Ratio 52.6
Per Share Data (in GBp unless stated)
Earnings per share 0.265000
Operating Cashflow per share 0.59834832147772
Free Cashflow per share 0.273800
Dividend per share -
NAV per share -
Cash per share 0.598300
Solvency
Intangibles Incl. Excl.
Net debt to Equity % 82.653495699566 -155.74454428755
Cash to Equity % 10.005960998041 -179749999989.99
Gross debt to Equity % 92.659456697607 -174.59884467266
Gross Debt < 1 Year to Equity 0.91969684067104 -1.7329910141207
Net debt to Assets % 30.86195649091 62.961462793658
Net Debt/EBITDA 239.24081833867 0
Net Interest Cover 4.764831 n/a
Op Cashflow Interest Cover 6.5 n/a
Current Ratio 0.574939 n/a
Quick Ratio 0.480983 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 2019-03-29
Last Interim Results 2019-03-29

Profit/Loss

Figures in £(m) unless stated31/12/1831/12/1731/12/1631/12/1531/12/1431/12/1331/12/1231/12/11
Sales 2450.7002207.9002096.2001916.5001865.0001888.8001828.0002238.000
Cost of Goods Sold 1254.3001161.5001018.500889.600882.100892.400809.600-
Gross Profit 1196.4001046.4001077.7001026.900982.900996.4001018.400-
Operating Expenses 964.300850.400894.000862.500871.600881.900904.4002065.600
EBITDA 405.700380.300349.400304.100253.300276.400283.600335.600
Depreciation & Amortisation --------
EBIT (Operating Profit) 232.100196.000183.700164.400111.300114.500114.000172.400
Interest Expense/Income 37.400------44.700
Profit Before Tax 177.700156.400136.300124.40066.50064.40069.800129.400
Taxes on Income 39.00028.00020.20015.3005.9006.1008.50026.800
Net Profit 138.700128.400116.100109.10060.60058.30061.300102.600
Net Margin 0.0550.0590.0560.0560.0320.0300.0330.045
Net profit/loss per share
Basic EPS 0.2660.2450.2220.2090.1160.1110.1180.199
Diluted EPS 0.2650.2440.2210.2090.1150.1110.1170.198

Balance sheet

 
Figures in £(m) unless stated 31/12/1831/12/1731/12/1631/12/1531/12/1431/12/1331/12/1231/12/11
ASSETS         
Tangible Assets 1130.3001094.4001133.500914.600835.500794.500847.800817.600
Intangible Assets 1797.5001633.4001548.6001230.7001177.4001223.5001262.9001212.500
Investments 12.90011.30013.70010.6005.4005.1004.4006.600
Total Fixed Assets 2940.7002739.1002695.8002155.9002018.3002023.1002115.1002036.700
Stocks 27.40024.90025.00022.50021.80021.20019.30018.800
Debtors 204.000189.000168.900132.300105.60099.000120.300145.600
Cash & Equivalents --------
Total Current Assets 585.000712.400739.100328.600307.900253.400300.200381.400
Other Assets n/a         
Total Assets 3525.7003451.5003434.9002484.5002326.2002276.5002415.3002418.100
LIABILITIES         
Interest bearing debt < 1 year 58.800167.400443.80099.10055.90076.800169.00024.900
Other Trade Creditors < 1 year --------
Total Creditors within 1 year 1017.500926.7001194.500697.300566.000481.200569.000582.000
Interest bearing debt > 1 year 934.700933.900713.200652.600654.200650.000659.700718.400
Other Trade Creditors > 1 year --------
Total Creditors > 1 year 0.0000.0000.0000.0000.0000.0000.0000.000
Other Liabilities  n/a         
Total Liabilities 2328.5002285.1002309.4001653.4001490.0001379.2001512.9001452.700
Net Assets(NET Tangible Assets exist) -623.200-488.400-441.800-414.500-353.900-336.900-370.000-255.000
EQUITY         
Called up share capital 25.60025.60025.60025.60025.60025.60025.60025.600
Share Premium 532.900532.900532.900532.900532.900532.900532.900518.900
Profit / loss 426.600410.900362.000345.600299.300282.400290.700313.100
Other Equity 189.200175.600186.300-87.900-34.30045.70043.70099.900
Shareholders Funds 1174.3001145.0001106.800816.200823.500886.600892.900957.500
Preference Stock --------
Total Capital Employed 1174.3001145.0001106.800816.200823.500886.600892.900957.500

Cash flow

Figures in £(m) unless stated 31/12/1831/12/1731/12/1631/12/1531/12/1431/12/1331/12/1231/12/11
EBITDA 176.000154.900141.200124.40066.50064.40069.800174.400
Change in Working Capital -22.500-13.500-14.400-34.000-3.10021.000-109.000-86.100
Cash Taxes Paid --------
Cash Interest Paid/Received 9.70013.100------
Other (incl. non-cash items) -43.000-62.500------50.200
Net Cash from Operating Activities 306.800295.500316.600252.900232.200280.100156.200188.400
Capital Expenditure -166.400-136.500-136.600-123.900-63.200-93.900-106.700-108.400
Acquisitions/Disposals --------
Other Investing Activities --------
Net Cashflow from Investing Activities -252.300-173.000-197.700-174.100-49.300-86.100-241.800-101.600
Dividends -70.800-64.700-58.900-54.400-51.600-50.300-49.300-45.800
Increase/Decrease in Debt -94.400-28.600354.10044.300-9.700-99.400174.500-35.600
Increase/Decrease in Equity -9.700-8.100-7.700-8.500-3.200-2.800-0.800-2.700
Other Financing Activities -148.900-94.700-207.500-137.300-126.400-124.200-107.300-84.400
Cash from Financing -253.000-131.400138.900-101.500-139.300-226.40066.400-122.700
Net increase in cash -198.500-8.900257.800-22.70043.600-32.400-19.200-35.900

Directors dealings

Date Director Trans Amount Type Price(p) Value (£) Holding %
- Mr. Dean Finch - - Incentives - - 1415254.00
2019-06-19 Mr. Dean Finch P 19200.00 Ords 5.00p 390 74880 273883.00 0.0535201
2019-04-16 Mr. Dean Finch O 195827.00 Ords 5.00p 413.5946 809930 254683.00 0.0497682
- Mr. Dean Finch - - Incentives - - 1415254.00
2019-04-16 Mr. Dean Finch E 195827.00 Ords 5.00p 0 0 450510.00 0.0880352
- Mr. Matthew Ashley - - Incentives - - 445017.00
2019-04-16 Mr. Matthew Ashley O 48401.00 Ords 5.00p 413.5946 200184 150842.00 0.0294764
2019-04-16 Mr. Matthew Ashley O 61561.00 Ords 5.00p 413.5946 254613 199243.00 0.0389345
2019-04-16 Mr. Matthew Ashley E 136526.00 Ords 5.00p 0 0 260804.00 0.0509643
- Mr. Dean Finch - - Incentives - - 1611081.00
- Mr. Dean Finch - - Ords 5.00p - - 254683.00 0.0497682
- Mr. Matthew Ashley - - Incentives - - 581543.00
- Mr. Matthew Ashley - - Ords 5.00p - - 124278.00 0.0242854
- Mr. Chris Davies - - Ords 5.00p - - 16071.00 0.0031405
- Mr. Chris Davies - - Incentives - - 517679.00
2019-03-08 Mr. Dean Finch T 119939.00 Ords 5.00p 0 0 374622.00 0.0732057
2019-03-08 Mr. Dean Finch S 119939.00 Ords 5.00p 431.4 517417 254683.00 0.0497682
- Mr. Dean Finch - - Incentives - - 4514069.00
2019-03-08 Mr. Matthew Ashley S 37021.00 Ords 5.00p 431.4 159709 124278.00 0.0242854
2019-03-08 Mr. Matthew Ashley T 37021.00 Ords 5.00p 0 0 161299.00 0.0315198
- Mr. Matthew Ashley - - Incentives - - 969881.00
- Mr. Chris Davies - - Incentives - - 384055.00
2019-03-08 Mr. Chris Davies T 24708.00 Ords 5.00p 0 0 27708.00 0.0054145
2019-03-08 Mr. Chris Davies S 11637.00 Ords 5.00p 431.4 50202 16071.00 0.0031405
- Matthew Crummack - - Ords 5.00p - - 2696.00 0.0005268
- Mr. Jorge Cosmen - - Ords 5.00p - - 69237515.00 13.5298585
- Sir John Armitt CBE - - Ords 5.00p - - 6000.00 0.0011725
- Mr. Michael James Edward McKeon - - Ords 5.00p - - 10000.00 0.0019541
- Mr. Elliott Sander - - Ords 5.00p - - 1000.00 0.0001954
- Ms. Jane S Kingston - - Ords 5.00p - - 5100.00 0.0009966
- Dr. Ashley Steel - - Ords 5.00p - - 15416.00 0.0030125
2018-09-28 Mr. Dean Finch P 5200.00 5p Ords 389.88 20274 254683.00 0.0497682
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

Dividends

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