Melrose

MRO: 222.80 +0.40 (+0.18%) delayed: 19 Nov 2019, 8:07

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Melrose Fundamentals

Share Price Information

Name Melrose
Epic MRO
Sector Building Materials & Fixtures
ISIN GB00BZ1G4322
Activites Melrose PLC was floated on AIM on 28 October 2003 with the stated strategy of acquiring companies and businesses whose performance the Melrose Directors believe can be improved to create shareholder value. On 26 May 2005, Melrose completed the acquisitions of Dynacast and McKechnie. Dynacast and McKechnie have been the only acquisitions completed byMelrose to date. Dynacast and McKechnie are run by Melrose as independent businesses.
Index FTSE 100

Key numbers

Latest Share price (p) 222.80 Net gearing (%) 56.04
Market capitalisation (£m) 10,804.76 Gross gearing (%) 58.14
Shares in issue (m) 4,858.25 Debt ratio 48.52
P/E ratio -18.53 Debt-to-equity ratio 0.68
Total dividends per share (p) 4.60 Assets / equity ratio 2.39
Dividend yield (%) 2.14 Price to book value 1.31
Dividend cover 0.00 ROCE (%) -3.43
Earning per share (p) -12.00 EPS growth (%) -900.00
52-week high / low (p) 227.50 / 145.95 DPS growth (%) 9.52

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 8,605 -475 -12.00 GBP
31 Dec 2017 Full Year 2,092 -24 -1.20 GBP
31 Dec 2016 Full Year 889 -39 -2.60 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 12 Sep 2019 11 Oct 2019 1.70 GBX 0.00
H2 Dividend 04 Apr 2019 20 May 2019 3.05 GBX 4.60
H1 Dividend 13 Sep 2018 12 Oct 2018 1.55 GBX 0.00
H2 Dividend 05 Apr 2018 21 May 2018 2.80 GBX 4.20
H1 Dividend 07 Sep 2017 06 Oct 2017 1.40 GBX 0.00
H2 Dividend 06 Apr 2017 16 May 2017 1.90 GBX 2.20
H1 Dividend 04 Aug 2016 01 Sep 2016 1.40 GBX 0.00
H2 Dividend 07 Apr 2016 16 May 2016 2.60 GBX 5.40
H1 Dividend 06 Aug 2015 03 Sep 2015 2.80 GBX 0.00
H2 Dividend 16 Apr 2015 18 May 2015 5.30 GBX 8.10

Contact details

Company name Melrose Industries
Address Precision House, Arden Road, Alcester B49 6HN.
Telephone +44 (0)1789 761 020
Website http://www.melroseplc.net/

Advisors

Company's broker Investec Securities
Company's joint broker JPMorgan Cazenove
NOMAD n/a
Registrar Equiniti
Auditors Deloitte & Touche LLP
Solicitors Clintons

Directors

Appointed Director Position
29 Sep 2015 Simon Antony Peckham Chief Executive Officer
29 Sep 2015 James Christopher Miller Executive Dep Chairman
30 Sep 2015 David Alexander Roper Executive Vice Chairman
29 Sep 2015 Geoffrey Peter Martin Group Finance Director
30 Sep 2015 Laurence Justin Dowley Non-Executive Chairman
30 Sep 2015 Elizabeth Anne Hewitt Non-Executive Director
01 Oct 2018 Charlotte Louise Twyning Non-Executive Director
12 May 2016 David George Lis Non-Executive Director
05 Jul 2017 Archibald Gerard Kane Non-Executive Director
01 Oct 2019 Funmi Adegoke Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 3,171 219 272
Intangible asssets and goodwill 11,071 2,238 2,667
Investments and other non-current assets 1,171 56 60
Total non-current assets 15,413 2,512 2,999
Inventory / work in progress 1,489 275 297
Trade and other receivables 2,328 332 366
Cash and equivalents 415 16 42
Other current assets and asset held for resale 89 10 4
Total of all assets 19,734 3,146 3,708
Liabilities (£m) 2018 2017 2016
Short term liabilities 3,687 467 579
Long term liabilities 7,786 794 965
Other liabilites / pension etc 0 0 0
Total of all liabilities 11,473 1,261 1,545
Net assets (£m) 2018 2017 2016
Net assets 8,261 1,885 2,163
Equity (£m) 2018 2017 2016
Share capital 333 133 129
Minority interests 24 0 0
Retained earnings 1,492 2,538 2,686
Share premium account 8,138 1,493 1,493
Other equity -1,726 -2,279 -2,145
Total equity 8,261 1,885 2,163
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 373 32 51
Cashflow before financing -931 -15 -1,085
Increase / decrease in Cash 401 -23 -2,413
Income (£m) 2018 2017 2016
Turnover 8,605 2,092 889
Cost of sales 6,920 1,439 626
Gross profit 1,685 653 263
Operating profit -392 -7 -62
Pre-tax profit -550 -28 -69
Profit / loss for the year -475 -24 -39