Big Yellow Group

BYG: 1,175.00 +55.00 (+4.91%) delayed: 13 Dec 2019, 18:45

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Big Yellow Group Fundamentals

Share Price Information

Name Big Yellow Group
Epic BYG
Sector Specialty REITs
ISIN GB0002869419
Activites Big Yellow Group plc is the UK's brand leader in self storage. Big Yellow now operates from a platform of 99 stores, including 24 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. Its owns a further 12 Big Yellow self storage development sites of which three have planning consent. The current maximum lettable area of the existing platform (including Armadillo) is 5.7 million sq ft. When fully built out the portfolio will provide approximately 6.5 million sq ft of flexible storage space. Of the Big Yellow stores and sites, 97% by value are held freehold and long leasehold, with the remaining 3% short leasehold. The Group has pioneered the development of the latest generation of self storage facilities, which utilise state of the art technology and are located in high profile, accessible, main road locations.
Index FTSE 250

Key numbers

Latest Share price (p) 1,175.00 Net gearing (%) 24.89
Market capitalisation (£m) 1,870.17 Gross gearing (%) 26.07
Shares in issue (m) 167.13 Debt ratio 23.77
P/E ratio 14.29 Debt-to-equity ratio 0.88
Total dividends per share (p) 33.20 Assets / equity ratio 1.35
Dividend yield (%) 3.00 Price to book value 1.66
Dividend cover 2.33 ROCE (%) 8.60
Earning per share (p) 78.30 EPS growth (%) -7.88
52-week high / low (p) 1,194.00 / 846.00 DPS growth (%) 7.79

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Mar 2019 Full Year 125 127 78.30 GBP
31 Mar 2018 Full Year 117 134 85.00 GBP
31 Mar 2017 Full Year 109 100 63.60 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 05 Dec 2019 10 Jan 2020 17.10 GBX 0.00
H2 Dividend 20 Jun 2019 26 Jul 2019 16.50 GBX 33.20
H1 Dividend 06 Dec 2018 07 Jan 2019 16.70 GBX 0.00
H2 Dividend 21 Jun 2018 27 Jul 2018 15.50 GBX 30.80
H1 Dividend 07 Dec 2017 05 Jan 2018 15.30 GBX 0.00
H2 Dividend 22 Jun 2017 27 Jul 2017 14.10 GBX 27.60
H1 Dividend 08 Dec 2016 06 Jan 2017 13.50 GBX 0.00
H2 Dividend 16 Jun 2016 28 Jul 2016 12.80 GBX 24.90
H1 Dividend 10 Dec 2015 07 Jan 2016 12.10 GBX 0.00
H2 Dividend 11 Jun 2015 23 Jul 2015 11.30 GBX 21.70
H1 Dividend 11 Dec 2014 08 Jan 2015 10.40 GBX 0.00

Contact details

Company name Big Yellow Group
Address 2 The Deans, Bridge Road, Bagshot, Surrey GU19 5AT.
Telephone +44 (0)1276 470 190
Website http://www.bigyellow.co.uk/

Advisors

Company's broker JPMorgan Cazenove
Company's joint broker Peel Hunt
NOMAD JPMorgan Cazenove
Registrar Computershare Investor Service
Auditors Deloitte & Touche LLP
Solicitors CMS Cameron McKenna LLP

Directors

Appointed Director Position
25 Sep 1998 James Ernest Gibson Chief Executive Officer
25 Sep 2007 John Richard Trotman Chief Financial Officer
25 Sep 1998 Nicholas John Vetch Executive Chairman
01 Jun 2017 James Vincent Niblett Non-Executive Director
01 Mar 2018 Dr Anna Julia Keay Non-Executive Director
24 Sep 2010 Stephen Richard Johnson Non-Executive Director
01 Jul 2013 Georgina Harvey Non-Executive Director
22 May 2012 Richard Robert Cotton Non-Executive Director
31 Mar 2000 Adrian Charles Jonathan Lee Operations Director

Company financials

Assets (£m) 2019 2018 2017
Reporting date 31 Mar 2019 31 Mar 2018 31 Mar 2017
Tangible assets 3 3 3
Intangible asssets and goodwill 1 1 1
Investments and other non-current assets 1,477 1,340 1,226
Total non-current assets 1,482 1,344 1,230
Inventory / work in progress 0 0 0
Trade and other receivables 20 19 18
Cash and equivalents 18 7 7
Other current assets and asset held for resale 0 0 0
Total of all assets 1,520 1,370 1,256
Liabilities (£m) 2019 2018 2017
Short term liabilities 46 41 41
Long term liabilities 350 347 324
Other liabilites / pension etc 0 0 0
Total of all liabilities 396 389 365
Net assets (£m) 2019 2018 2017
Net assets 1,124 981 890
Equity (£m) 2019 2018 2017
Share capital 17 16 16
Minority interests 0 0 0
Retained earnings 0 0 0
Share premium account 112 46 45
Other equity 996 919 829
Total equity 1,124 981 890
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 72 63 56
Cashflow before financing -9 24 39
Increase / decrease in Cash 11 -0 -10
Income (£m) 2019 2018 2017
Turnover 125 117 109
Cost of sales 38 36 34
Gross profit 87 81 75
Operating profit 136 143 109
Pre-tax profit 127 134 100
Profit / loss for the year 127 134 100