FTSE Index FTSE100
Year End Date 31/03/2016
Final Ex Div Date 09/06/2016
Interim Ex Div Date 19/11/2015
Market 47 Value 39
Momentum 51 Quality 49
VM 44 VQ 45
QM 51
2003/06 2004/06 2005/06 2006/06 2007/06 2008/06 2009/06 2010/06 2011/06 2012/06 2013/06 2014/06 2015/06 2016/06 CURRENT
PER 18.8 15.6 15.4 7.4 10.5 7.8 5.5 6.3 7.3 7.7 8.0 30.5 33.3 41.6 47.2
Dividend Yield % 1.34 1.60 2.66 8.12 6.15 7.82 10.04 9.40 8.36 10.55 7.95 5.89 4.98 5.10 4.87
Dividend Cover % 3.96 4.01 2.44 1.66 1.56 1.65 1.80 1.68 1.64 1.24 1.57 0.56 0.60 0.47 0.44
EPS Growth % -38.66 -43.02 11.26 7.40 5.22 10.34 0.76 2.15 6.23 2.70 0.19 9.84 -29.23 15.63 3.61
Gross Margin % 31.9 41.8 39.8 38.3 37.0 33.8 32.8 32.0 25.8 27.1 26.9 25.7 25.7
Operating Margin % 30.2 32.0 21.8 32.1 32.3 28.3 28.7 25.8 25.8 24.8 26.9 20.5 8.3 7.6 7.6
Net Profit Margin % -32.3 -26.9 -22.1 -74.7 -17.0 18.8 7.5 19.4 17.4 15.0 1.0 154.5 13.6 -9.3 -9.3
ROCE % 6.16 8.14 6.25 8.48 11.07 9.54 9.42 8.93 9.52 9.98 10.73 8.13 3.74 3.11 3.11
ROE % 3.6 5.6 7.1 7.4 10.0 8.5 10.5 9.4 10.0 9.8 10.8 6.6 2.2 1.9 1.9
ROIC % -3.8 -3.6 -4.0 -18.2 -2.5 10.0 4.8 7.7 7.3 10.9 4.8 -4.8 2.2 1.5 1.5
PBV 0.42 0.48 0.59 0.58 0.90 0.69 0.49 0.55 0.66 0.78 0.87 0.73 0.92 0.92 0.92
PTBV 2.34 2.96 3.67 3.03 5.58 6.98 3.72 3.09 3.02 3.44 3.24 2.14 2.69 3.16 3.17
PSR 1.81 1.62 1.71 1.68 1.94 1.52 1.02 1.12 1.25 1.29 1.39 1.34 1.44 1.48 1.48
Gearing % 10.5 7.6 8.5 20.3 22.4 32.2 39.7 36.9 34.1 31.8 37.7 19.4 33.7 44.3 44.3
Gearing (Tangible) % 59.0 46.4 53.0 106.2 139.4 326.1 304.9 206.6 157.2 140.2 141.3 56.8 98.3 152.6 152.6
EV / Sales 2.36 1.96 2.03 2.27 2.43 2.18 1.82 1.88 1.90 1.82 2.00 1.73 2.01 2.22 2.22
EV / EBITDA 5.47 4.29 4.56 4.32 5.02 4.99 4.01 5.19 5.36 4.52 4.65 -1.26 15.28 6.19 6.20
Price / Cash Flow 5.7 4.2 4.6 4.0 5.7 5.2 3.5 6.8 4.5 5.3 6.5 10.5 7.3 3.9 6.8
Price / Free Cash Flow 12.7 6.3 7.3 6.9 9.8 9.5 8.1 36.6 8.2 17.1 64.4 -29.8 -195.3 17.3 -20.7
Price / Net Curr Assets -9.6 -28.9 -19.1 -6.2 -9.8 -4.1 -2.8 -3.5 -5.7 -15.0 -7.8 -162.7 -6.7 -11.5 -11.5
Price / Net Debt -4.0 -6.4 -6.9 -2.9 -4.0 -2.1 -1.2 -1.5 -1.9 -2.5 -2.3 -3.8 -2.7 -2.1 -2.1
Quick Ratio 0.58 0.84 0.77 0.47 0.66 0.38 0.45 0.48 0.61 0.81 0.73 0.97 0.67 0.83 0.83
Current Ratio 0.60 0.88 0.79 0.49 0.68 0.40 0.47 0.50 0.63 0.83 0.75 0.99 0.69 0.84 0.84
Interest Cover 12.21 15.05 18.93 12.30 12.19 7.73 7.24 14.40 7.81 8.06 6.52 4.11 1.71 1.71
Cash Flow / EPS -0.99 -1.43 -1.69 -0.56 -2.01 1.55 3.83 0.84 1.59 1.62 22.17 0.08 1.46 -4.02 -2.34
Earnings Quality -2.1 -1.4 -1.1 -3.5 -0.8 1.0 0.3 1.0 0.9 0.9 0.1 12.9 3.9 -3.0 -3.0
Z Score 0.97 0.83 0.86 -0.36 -0.08 0.15 -0.12 0.11 0.23 0.29 -0.03 0.18 0.37 0.18 0.18
M Score -2.82 -2.94 -3.11 -2.80 -2.88 -2.78 -2.76 -2.91 -2.87 -2.87 -2.93 -3.28 -3.49 -2.79 -2.79
Piotroski Score 6 9 6 5 7 4 6 6 8 7 4 8 5 5 5
Market Score 29 36 19 18 4 5 13 11 8 5 16 51 32 31 47
Value Score 59 45 38 7 16 8 5 5 3 4 7 46 38 36 39
Quality Score 17 2 9 13 4 24 10 11 3 6 32 2 19 47 49
Momentum Score 33 76 40 67 25 24 64 51 53 38 35 99 51 26 51
Graham Ratio -2.37 -2.85 -2.91 -1.46 -2.04 -1.28 -0.76 -0.96 -1.23 -1.45 -1.32 -2.04 -1.74 -1.58 -1.58
Market Cap m 54,901 54,245 58,214 49,348 60,193 53,839 41,795 49,766 57,438 59,975 61,841 51,561 60,929 60,480 60,536
Num Shares m 54,719 53,059 50,555 50,555 42,348 42,628 42,113 42,221 41,018 39,512 38,861 26,442 26,514 26,561 26,561
Earnings_Surprise -5.26%
Forecast Chg Week 0.46%
Forecast Chg Month -30.97%
Forecast Chg 3 Month -30.97%
Forecast Chg 6 Month -21.47%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017F 2018F
Revenue £m 30,375.0 33,559.0 34,133.0 29,350.0 31,104.0 35,478.0 41,017.0 44,472.0 45,884.0 46,417.0 44,445.0 38,346.0 42,227.0 40,973.0 42,543.6 44,013.7
Gross Profit £m 33,559.0 10,878.0 12,280.0 12,379.0 13,588.0 15,175.0 15,033.0 15,070.0 14,871.0 11,474.0 10,404.0 11,345.0 10,538.0
Gross Margin % 100.0 31.9 41.8 39.8 38.3 37.0 33.8 32.8 32.0 25.8 27.1 26.9 25.7
Operating Profit £m 9,181.0 10,749.0 7,440.0 9,431.0 10,036.0 10,047.0 11,757.0 11,466.0 11,818.0 11,532.0 11,960.0 7,874.0 3,507.0 3,117.0
Operating Margin % 30.2 32.0 21.8 32.1 32.3 28.3 28.7 25.8 25.8 24.8 26.9 20.5 8.3 7.6
Profit Before Tax £m -6,208.0 -5,047.0 -4,702.0 -19,441.0 -2,874.0 9,001.0 4,189.0 8,674.0 9,498.0 9,549.0 3,255.0 -5,270.0 1,095.0 -449.0 1,925.4 2,822.4
Tax Rate % 47.6 62.5 47.6 12.2 84.3 24.9 26.5 0.6 17.1 26.7 79.3 -314.6 -435.2 750.3
ROCE % 6.16 8.14 6.25 8.48 11.07 9.54 9.42 8.93 9.52 9.98 10.73 8.13 3.74 3.11
ROE % 3.6 5.6 7.1 7.4 9.9 8.5 10.5 9.4 10.0 9.8 10.8 6.6 2.2 1.9
Basic EPS p -26.41 -24.27 -20.88 -64.17 -16.39 23.02 10.70 30.13 27.86 25.19 1.59 223.84 21.75 -15.08
Adjusted EPS p 12.78 16.92 19.53 18.53 20.64 22.91 31.29 29.38 30.52 27.17 28.69 17.40 5.55 5.04 4.41 6.19
EPS Growth % 33.68 32.39 15.43 -5.12 11.39 11.00 36.58 -6.10 3.88 -10.98 5.59 -39.35 -68.10 -9.19 -12.50 40.36
Cash Flow ps p 26.11 34.71 35.24 36.06 32.96 35.64 41.02 25.43 44.25 40.69 35.24 18.56 31.69 35.24
Capex ps p -14.45 -11.49 -13.20 -15.06 -13.92 -16.10 -23.12 -20.70 -19.60 -28.01 -31.69 -25.10 -32.86 -46.82
Free Cash Flow ps p 11.66 23.22 22.04 21.00 19.04 19.54 17.90 4.73 24.65 12.68 3.55 -6.54 -1.17 -11.58
Div ps p 3.10 3.72 7.46 11.13 12.39 13.77 14.24 15.23 16.31 17.45+7.33 18.68 11.00 11.22 11.45 10.37 10.95
Dividend Growth % 15.24 20.00 100.54 49.20 11.32 11.14 3.41 6.95 7.09 6.99 7.05 -41.11 2.00 2.05 -9.43 5.59
Dividend Cover 4.13 4.54 2.62 1.67 1.67 1.66 2.20 1.93 1.87 1.56 1.54 1.58 0.49 0.44 0.43 0.57
Net Cash/Debt £m -13,839.0 -8,488.0 -8,399.0 -17,318.0 -15,049.0 -25,147.0 -34,223.0 -33,316.0 -29,858.0 -24,425.0 -26,958.0 -13,700.0 -22,271.0 -29,175.0
NAV £m 131,534.0 111,924.0 99,317.0 85,425.0 67,067.0 78,043.0 86,162.0 90,381.0 87,555.0 76,935.0 71,477.0 70,802.0 66,145.0 65,885.0
NTAV £m 23,449.0 18,302.0 15,853.0 16,307.0 10,795.0 7,712.0 11,224.0 16,123.0 18,997.0 17,421.0 19,080.0 24,114.0 22,655.0 19,117.0
Net Curr Assets £m -5,702.0 -1,877.0 -3,043.0 -7,980.0 -6,133.0 -13,249.0 -14,918.0 -14,397.0 -10,072.0 -4,000.0 -7,937.0 -317.0 -9,050.0 -5,251.0
Depreciation £m 3,979.0 4,362.0 4,940.0 5,834.0 5,111.0 5,253.0 6,824.0 6,785.0 6,861.0 7,071.0 7,086.0 6,059.0 7,892.0 8,241.0
Oper Cash Flow £m 11,142.0 14,118.0 14,733.0 14,399.0 13,419.0 14,234.0 15,389.0 10,976.0 16,901.0 12,755.0 13,276.0 6,227.0 9,715.0 11,220.0
NTAV ps p 353.78 301.32 275.03 250.12 207.52 269.75 299.52 315.00 306.13 278.57 264.91 267.46 249.72 260.23
NTAV ps p 63.07 49.27 43.90 47.75 33.40 26.66 39.02 56.19 66.42 63.08 70.72 91.09 85.53 75.51
Pension Deficit £m -140.0 -130.0 -124.0 -101.0 -41.0 -39.0 -232.0 -203.0 10.0 -306.0 -528.0 -549.0 -398.0 -270.0
Turnover/Inventory 83.2 73.3 79.4 98.8 108.0 85.1 99.6 102.7 85.4 95.5 98.8 87.0 87.6 72.5
Debtor Days 90 75 82 55 59 67 68 72 76 84 81 85 70 91
Net Debt / EBITDA 1.1 0.6 0.7 1.1 1.0 1.6 1.8 1.8 1.6 1.3 1.4 1.0 2.0 2.6
Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y
Share Sector
Yield % 4.80 0.95
PER 36.81 -12.01
Growth % 40.28 19.95
PEG - -
Gearing % 44.28 -35.24
Gearing % (Tangible) 152.61 -56.13
Margin % 7.61 -0.12
PSR 1.48 2.81
EV / Sales 2.22 3.55
PBV 0.92 1.19
PTBV 3.17 1.89
ROCE % 3.11 -0.23
ROE % 1.94 -6.28
PCF 6.78 513.13
PFCF -20.65 -27.12
VODAFONE GROUP DEMO MOBILE TELECOMMUNICATIONS
Market Cap £60,535.6m
Num Shares 26,561m
Dividend Cover 0.57
Interest Cover 1.71
Cash Flow / EPS -2.34
Quick Ratio 0.83
Current Ratio 0.84
Z Score 0.18
Piotroski Score 5
£m
Intangible Assets 46,768.0
Tangible Assets 28,082.0
Other Non-Curr 30,719.0
________
Non-Curr Assets 105,569.0
Inventory 565.0
Receivables 10,250.0
Cash 10,218.0
Other Current 7,111.0
________
Current Assets 28,144.0
Curr Liabilities -33,395.0
________
Net Curr Assets -5,251.0
Non-Curr Liabilities -33,001.0
Retained Earnings -56,608.0
Equity Funds 65,885.0
Minority Funds 1,432.0
Rel Str 1 Month -3.45%
Rel Str 3 Month -5.63%
Rel Str 6 Month -8.30%
Rel Str 1 Year -2.08%
£m
Revenue 40,973.0
Gross Profit 10,538.0
Operating Profit 3,117.0
Exceptionals -5,094.0
Interest -1,824.0
Profit Before Tax -449.0
Taxation -3,369.0
________
Net Profit -3,818.0
Basic EPS -15.08p
Adjusted EPS 5.04p
Dividend 11.45p
£m
Oper Cash Flow 11,220.0
Interest -1,824.0
Taxation -473.0
________
Net Cash Flow 8,923.0
Capex -11,854.0
Pension Deficit -270.0
Net Debt -29,175.0
Depreciation 8,241.0
2010 2011 2012 2013 2014 2015 2016 2017F 2018F
Revenue £m 44,472.0 45,884.0 46,417.0 44,445.0 38,346.0 42,227.0 40,973.0 42,543.6 44,013.7
Operating Profit £m 11,466.0 11,818.0 11,532.0 11,960.0 7,874.0 3,507.0 3,117.0
Operating Margin % 25.8 25.8 24.8 26.9 20.5 8.3 7.6
Profit Before Tax £m 8,674.0 9,498.0 9,549.0 3,255.0 -5,270.0 1,095.0 -449.0 1,925.4 2,822.4
Tax Rate % 0.6 17.1 26.7 79.3 -314.6 -435.2 750.3
ROCE % 8.93 9.52 9.98 10.73 8.13 3.74 3.11
ROE % 9.4 10.0 9.8 10.8 6.6 2.2 1.9
Basic EPS p 30.13 27.86 25.19 1.59 223.84 21.75 -15.08
Adjusted EPS p 29.38 30.52 27.17 28.69 17.40 5.55 5.04 4.41 6.19
EPS Growth % -6.10 3.88 -10.98 5.59 -39.35 -68.10 -9.19 -12.50 40.36
Cash Flow ps p 25.43 44.25 40.69 35.24 18.56 31.69 35.24
Capex ps p -20.70 -19.60 -28.01 -31.69 -25.10 -32.86 -46.82
Div ps p 15.23 16.31 17.45+7.33 18.68 11.00 11.22 11.45 10.37 10.95
Dividend Growth % 6.95 7.09 6.99 7.05 -41.11 2.00 2.05 -9.43 5.59
Dividend Cover 1.93 1.87 1.56 1.54 1.58 0.49 0.44 0.43 0.57
Net Cash/Debt £m -33,316.0 -29,858.0 -24,425.0 -26,958.0 -13,700.0 -22,271.0 -29,175.0
NAV £m 90,381.0 87,555.0 76,935.0 71,477.0 70,802.0 66,145.0 65,885.0
NTAV £m 16,123.0 18,997.0 17,421.0 19,080.0 24,114.0 22,655.0 19,117.0
Oper Cash Flow £m 10,976.0 16,901.0 12,755.0 13,276.0 6,227.0 9,715.0 11,220.0
Pension Deficit £m -203.0 10.0 -306.0 -528.0 -549.0 -398.0 -270.0
Net Debt / EBITDA 1.8 1.6 1.3 1.4 1.0 2.0 2.6
EPIC
Last Updated: Fri 15 Jul 2016
Chart
 
Country:
UK