$488 M

SNR.L Mkt cap, 10-Sep-2018

£1.1 B

Senior Revenue FY, 2018
Senior Revenue growth (FY, 2017 - FY, 2018), %6%
Senior Gross profit (FY, 2018)224.8 M
Senior Gross profit margin (FY, 2018), %20.8%
Senior Net income (FY, 2018)50.1 M
Senior EBIT (FY, 2018)69.9 M
Senior Cash, 31-Dec-2018165 M
Senior EV493.2 M

Senior Revenue

Senior revenue was £1.08 b in FY, 2018 which is a 5.7% year over year increase from the previous period.

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Senior Revenue Breakdown

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Senior revenue breakdown by business segment: 29.8% from Flexonics and 70.2% from Aerospace

Senior revenue breakdown by geographic segment: 36.0% from Rest of the World, 16.5% from UK and 47.5% from USA

Senior Income Statement

Annual

GBPFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

849.5m917.0m1.0b1.1b

Revenue growth, %

3%8%12%6%

Cost of goods sold

643.9m716.5m805.2m857.3m

Gross profit

205.6m200.5m218.2m224.8m

Gross profit Margin, %

24%22%21%21%

Sales and marketing expense

4.2m5.3m7.6m8.8m

General and administrative expense

128.0m130.1m146.0m146.3m

Operating expense total

133.3m134.7m152.7m154.9m

EBIT

72.3m65.8m65.5m69.9m

EBIT margin, %

9%7%6%6%

Interest expense

8.8m10.5m9.7m9.2m

Investment income

300.0k200.0k200.0k600.0k

Pre tax profit

63.8m55.5m52.2m61.3m

Income tax expense

15.3m10.1m(8.1m)11.2m

Net Income

48.5m45.4m60.3m50.1m

Half Year

GBPH1, 2016H1, 2017H1, 2018

Revenue

450.5m510.0m523.3m

EBIT

37.5m28.9m35.8m

EBIT margin, %

8%6%7%

Interest expense

5.0m5.0m4.7m

Investment income

100.0k100.0k300.0k

Pre tax profit

32.6m24.0m31.4m

Income tax expense

6.1m4.2m6.7m

Net Income

26.5m19.8m24.7m

Senior Balance Sheet

Annual

GBPFY, 2015FY, 2016FY, 2017FY, 2018

Cash

14.4m17.5m12.6m165.0m

Accounts Receivable

126.6m133.5m137.8m149.2m

Prepaid Expenses

8.7m12.3m8.1m10.1m

Inventories

126.9m154.4m154.5m177.8m

Current Assets

288.9m329.3m326.5m362.7m

PP&E

206.6m254.2m256.1m285.6m

Goodwill

284.5m318.8m302.4m312.9m

Total Assets

861.3m976.3m950.8m1.0b

Accounts Payable

81.4m87.2m101.9m109.0m

Short-term debt

29.4m45.4m60.8m2.9m

Current Liabilities

190.6m235.3m260.5m231.7m

Long-term debt

179.6m170.2m106.9m167.3m

Non-Current Liabilities

239.8m240.5m158.7m224.8m

Total Debt

209.0m215.6m167.7m170.2m

Total Liabilities

430.4m475.8m419.2m456.5m

Common Stock

41.9m41.9m41.9m41.9m

Additional Paid-in Capital

14.8m14.8m14.8m14.8m

Retained Earnings

384.7m400.0m438.8m465.6m

Total Equity

430.9m500.5m531.6m568.2m

Debt to Equity Ratio

0.5 x0.4 x0.3 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

2 x2 x1.8 x1.8 x

Half Year

GBPH1, 2016H1, 2017H1, 2018

Cash

13.5m22.3m34.9m

Inventories

147.0m156.8m169.5m

Current Assets

332.3m347.4m367.1m

PP&E

233.5m248.3m265.0m

Goodwill

305.8m309.9m306.9m

Total Assets

949.3m975.2m1.0b

Short-term debt

66.0m10.4m57.1m

Current Liabilities

252.6m216.7m286.4m

Long-term debt

154.8m193.2m126.8m

Non-Current Liabilities

225.0m260.6m179.9m

Total Debt

220.8m203.6m183.9m

Total Liabilities

477.6m477.3m466.3m

Common Stock

41.9m41.9m41.9m

Additional Paid-in Capital

14.8m14.8m14.8m

Retained Earnings

387.2m403.1m454.0m

Total Equity

471.7m497.9m546.5m

Debt to Equity Ratio

0.5 x0.4 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

2 x2 x1.9 x

Senior Cash Flow

Annual

GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

48.5m45.4m60.3m50.1m

Depreciation and Amortization

40.0m54.0m57.9m56.9m

Accounts Receivable

5.3m7.3m(7.6m)(7.6m)

Inventories

3.6m(6.4m)(7.9m)(16.8m)

Accounts Payable

(20.9m)(1.3m)27.9m13.3m

Cash From Operating Activities

99.4m100.3m110.9m100.7m

Purchases of PP&E

(46.4m)(50.7m)(52.3m)(54.6m)

Cash From Investing Activities

(151.7m)(50.0m)(51.9m)(54.9m)

Long-term Borrowings

(98.2m)(59.5m)(116.3m)(114.6m)

Dividends Paid

(24.3m)(26.4m)(27.9m)(29.6m)

Cash From Financing Activities

55.9m(47.8m)(65.6m)(39.5m)

Net Change in Cash

3.6m2.5m(6.6m)6.3m

Interest Paid

(8.1m)(1.0b)(10.0m)(9.3m)

Income Taxes Paid

(7.9m)(2.7m)(4.9m)(6.0m)

Half Year

GBPH1, 2016H1, 2017H1, 2018

Net Income

26.5m19.8m24.7m

Depreciation and Amortization

25.9m28.6m27.9m

Accounts Receivable

(14.4m)(13.7m)(6.2m)

Inventories

(7.5m)(6.5m)(12.8m)

Accounts Payable

9.0m23.8m22.0m

Cash From Operating Activities

39.5m49.9m53.8m

Purchases of PP&E

(21.9m)(19.4m)(21.6m)

Cash From Investing Activities

(20.7m)(20.0m)(21.4m)

Long-term Borrowings

(29.3m)(78.1m)(25.8m)

Dividends Paid

(18.3m)(19.4m)(20.5m)

Cash From Financing Activities

(21.7m)(24.0m)(7.8m)

Net Change in Cash

(21.7m)5.9m24.6m

Interest Paid

(4.6m)(5.4m)(4.4m)

Income Taxes Paid

(1.4m)(2.7m)(4.8m)

Senior Ratios

GBPY, 2018

EV/EBIT

7.1 x

EV/CFO

4.9 x

Revenue/Employee

132.8k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x

Senior Operating Metrics

FY, 2014H1, 2015FY, 2015H1, 2016FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018

Product Lines

14 14 14

Operations

32 33 33 33 33 33 33 33 33

Markets

12 12 12

Book-to-bill Ratio

115%110%

Countries

14 14 14 14 14 14

Senior Employee Rating

3.611 votes
Culture & Values
3.3
Work/Life Balance
3.3
Senior Management
3.2
Salary & Benefits
2.7
Career Opportunities
2.8
Source