Mears Group Plc (MERL)

380.00p
   
  • Change Today:
    -0.025p
  • 52 Week High: 417.50
  • 52 Week Low: 324.00
  • Currency: UK Pounds
  • Shares Issued: 101.94m
  • Volume: 7,487
  • Market Cap: £387.37m

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 1,132.51 1,089.33 959.61 878.42 805.82
Operating Profit/(Loss) 71.54 51.67 40.43 23.55 (6.28)
Profit Before Tax 64.14 46.92 34.94 16.33 (15.22)
Profit After Tax 46.94 36.66 28.50 13.14 (12.01)
           
Earnings per Share - Basic 50.27p 32.90p 25.07p 11.72p (10.66p)
Earnings per Share - Adjusted 50.27p 32.90p 25.07p 18.23p (2.29p)
           
Dividend per Share 16.00p 13.00p 10.50p 8.00p n/a
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 311.01 272.18 233.62 225.66 223.64
Intangible Assets 128.11 128.91 129.32 125.48 134.08
Other Non-Current Assets 33.44 24.29 30.88 54.10 49.68
  474.83 426.01 395.09 405.96 408.37
Current Assets          
Inventories 1.17 1.46 6.88 22.87 31.26
Cash at Bank & in Hand 91.40 138.76 98.14 54.63 96.22
Other Current Assets 0.73 7.09 2.42 2.15 0.36
  226.51 274.00 235.77 227.96 267.72
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 701.34 700.01 630.86 633.92 676.09
Current Liabilities          
Borrowings 66.86 91.19 44.38 41.60 43.35
Other Current Liabilities 203.10 195.55 179.79 188.52 221.37
           
Current Liabilities 269.96 286.74 224.17 230.12 264.72
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Borrowings 230.64 199.95 181.04 175.29 205.54
Other Non-Current Liabilities n/a 0.17 3.82 17.00 46.12
Non-Current Liabilities 243.92 212.81 192.87 202.76 255.32
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 513.88 499.55 417.04 432.88 520.04
           
Net Assets 187.46 200.46 213.82 201.04 156.05
           
Shareholders Funds 184.11 197.51 212.33 200.24 155.39
           
Minority Interests/Other Equity 3.36 2.95 1.49 0.80 0.66
Total Equity 187.46 200.46 213.82 201.04 156.05
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Cash Flow From Operating Activities 128.80 135.89 110.93 56.67 105.79
Net Cash Flow from Investing Activities (3.56) (25.65) (5.91) (6.20) 52.56
Net Cash Flow from Financing Activities (147.14) (95.08) (61.52) (92.06) (135.19)
Net Increase/Decrease In Cash (21.90) 15.16 43.51 (41.59) 23.16
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
PE Ratio - Adjusted 7.2 9.4 8.1 10.4 n/a
PEG - Adjusted 0.1 0.3 0.2 n/a n/a
Earnings per Share Growth - Adjusted 53% 31% 38% n/a n/a
Dividend Cover 3.14 2.53 2.39 2.28 n/a
Revenue per Share 1,110.98p 1,068.61p 941.37p 861.72p 790.50p
Pre-Tax Profit per Share 62.92p 46.03p 34.28p 16.02p (14.93p)
Operating Margin 6.32% 4.74% 4.21% 2.68% (0.78%)
Return on Capital Employed 19.60% 13.90% 12.99% 8.06% n/a
           
Dividend Yield 4.4% 4.2% 5.2% 4.2% 0.0%
Dividend per Share Growth 23.08% 23.81% 31.25% n/a n/a
Operating Cash Flow per Share 126.35p 133.31p 108.82p 55.59p 103.78p
Cash Incr/Decr per Share (21.48p) 14.88p 42.68p (40.80p) 22.72p
Net Asset Value per Share (exc. Intangibles) 58.22p 70.18p 82.90p 74.12p 21.55p
Net Gearing 111.94% 77.15% 59.94% 81.03% 98.24%

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 5 minutes.

Note 2: Forecast figures based on normalised accounts.

 

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