Serco (SRP.L) stock price, revenue, and financials

Serco market cap is £1.3 b, and annual revenue was £2.84 b in FY 2018

£1.3 B

SRP.L Mkt cap, 31-Oct-2017

£1.5 B

Serco Revenue H1, 2019
Serco Gross profit (H1, 2019)138.6 M
Serco Gross profit margin (H1, 2019), %9.4%
Serco Net income (H1, 2019)-1.4 M
Serco EBIT (H1, 2019)17.2 M
Serco Cash, 30-Jun-2019173.4 M

Serco Revenue

Serco revenue was £2.84 b in FY, 2018 which is a 4% year over year decrease from the previous period.

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Serco Revenue Breakdown

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Serco revenue breakdown by geographic segment: 12.1% from Middle East, 19.3% from AsPac, 22.8% from Americas and 45.9% from UK&E

Serco Income Statement

Annual

GBPFY, 2016FY, 2017FY, 2018

Revenue

3.0b3.0b2.8b

Revenue growth, %

(5%)(2%)(4%)

Cost of goods sold

2.8b2.7b2.5b

Gross profit

243.4m248.9m290.2m

Gross profit Margin, %

8%8%10%

General and administrative expense

173.2m222.2m238.5m

Operating expense total

234.6m246.2m238.5m

EBIT

42.2m30.0m80.5m

EBIT margin, %

1%1%3%

Investment income

9.3m7.6m4.3m

Pre tax profit

29.6m19.1m74.1m

Income tax expense

12.7m19.0m6.7m

Net Income

(1.1m)100.0k67.4m

Half Year

GBPH1, 2016H1, 2017H1, 2018H1, 2019

Revenue

1.5b1.5b1.4b1.5b

Cost of goods sold

1.3b1.4b1.2b1.3b

Gross profit

166.5m133.4m126.8m138.6m

Gross profit Margin, %

11%9%9%9%

General and administrative expense

109.4m112.7m96.4m134.9m

Operating expense total

109.4m126.3m96.4m134.9m

EBIT

65.2m21.7m31.9m17.2m

EBIT margin, %

4%1%2%1%

Interest expense

12.0m

Investment income

4.7m3.6m2.7m1.5m

Pre tax profit

58.1m14.1m25.6m6.7m

Income tax expense

(11.0m)8.1m

Net Income

46.4m(18.2m)14.6m(1.4m)

Serco Balance Sheet

Annual

GBPFY, 2016FY, 2017FY, 2018

Cash

177.8m112.1m62.5m

Accounts Receivable

543.5m506.5m227.1m

Inventories

22.4m17.4m22.9m

Current Assets

759.6m657.5m644.2m

PP&E

69.3m65.2m64.8m

Goodwill

577.9m551.3m579.6m

Total Assets

1.8b1.5b1.6b

Accounts Payable

524.5m462.9m67.4m

Current Liabilities

745.3m678.1m674.6m

Non-Current Liabilities

620.5m527.5m492.2m

Total Liabilities

1.4b1.2b1.2b

Common Stock

22.0m22.0m22.0m

Additional Paid-in Capital

327.9m327.9m327.9m

Retained Earnings

(1.2m)83.7m111.1m

Total Equity

398.8m307.2m386.8m

Financial Leverage

4.4 x4.9 x4 x

Half Year

GBPH1, 2016H1, 2017H1, 2018H1, 2019

Cash

166.2m117.8m50.3m173.4m

Accounts Receivable

561.2m563.0m575.8m315.0m

Inventories

27.6m16.6m20.8m18.9m

Current Assets

778.0m723.0m655.9m799.4m

PP&E

70.7m66.6m63.3m161.3m

Goodwill

545.2m564.4m567.0m581.4m

Total Assets

1.8b1.6b1.5b1.8b

Accounts Payable

550.5m512.4m517.3m444.9m

Current Liabilities

743.9m742.7m712.3m749.3m

Non-Current Liabilities

618.8m558.3m536.0m536.6m

Total Liabilities

1.4b1.3b1.2b1.3b

Common Stock

22.0m22.0m22.0m24.5m

Additional Paid-in Capital

327.9m327.9m327.9m462.9m

Retained Earnings

115.8m65.8m57.5m113.4m

Total Equity

400.4m272.5m277.9m532.2m

Financial Leverage

4.4 x5.8 x5.5 x3.4 x

Serco Cash Flow

Annual

GBPFY, 2016FY, 2017FY, 2018

Depreciation and Amortization

26.2m25.8m42.4m

Accounts Receivable

72.9m12.6m(22.9m)

Inventories

1.3m3.7m(5.0m)

Accounts Payable

(83.4m)(37.2m)6.3m

Cash From Operating Activities

(62.3m)(15.8m)2.7m

Purchases of PP&E

(17.2m)(17.8m)(26.4m)

Cash From Investing Activities

28.6m(10.7m)6.6m

Long-term Borrowings

(135.5m)(3.8m)(31.3m)

Cash From Financing Activities

(125.1m)(36.4m)58.5m

Net Change in Cash

(158.8m)(62.9m)(49.2m)

Half Year

GBPH1, 2016H1, 2017H1, 2018H1, 2019

Cash From Operating Activities

(25.4m)(33.0m)(40.7m)19.3m

Purchases of PP&E

(7.8m)(10.2m)(13.1m)(8.9m)

Cash From Investing Activities

17.3m(3.2m)(16.4m)(7.6m)

Long-term Borrowings

(135.8m)(3.8m)(22.3m)

Cash From Financing Activities

(155.4m)(22.5m)(3.8m)98.9m

Net Change in Cash

(163.5m)(58.7m)(60.9m)110.6m

Interest Paid

9.7m

Serco Ratios

GBPY, 2019

Financial Leverage

3.4 x

Serco Operating Metrics

Serco's Orders was reported to be 500 in FY, 2016.
H1, 2015FY, 2015H1, 2016FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019

Bookings

£11.50 b£10 b£9.70 b£9.90 b£10.80 b£10.70 b£11 b£12 b

Order Intake

£1 b£900 m£2.50 b£2.40 b£3.40 b£1.60 b£2.90 m£3.30 b

Orders

400 700 500 500

Book-to-bill Ratio

130%100%120%100%