Tristel (TSTL)

Company name:	Tristel Plc
EPIC:	TSTL	Trading Currency:	GBX
Market Sector:	AMQ1	ISIN:	GB00B07RVT99
Market Segment:	ASQ1	Share Type:	DE
WWW Address:	http://www.tristel.com	Description:	ORD 1P
Industry Sector:	HEALTH CARE EQUIPMENT & SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
637.00	13.0 [2.08]	624.00	650.00	631.00	637.00	631.00	32,191
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
299.50	47.02	-0.11	11.38	6.18	55.98	0.97	685.00 - 397.50

Tristel Key Figures

(at previous day's close)
Market Cap.	299.50	m
Shares In Issue	47.02	m
Prev. Close	624.00
PE Ratio	55.98
Dividend Yield	0.97	%
EPS - basic	11.38	p
Dividend PS	6.18	p
Dividend Cover	1.84
Cash Flow PS	14.86	p
Return On Equity (ROE)	17.92	%
Operating Margin	20.96	%
PEG Factor	2.28
EPS Growth Rate	24.51	%
Dividends PS Growth Rate	11.55	%
Net Debt	6.26	m
Gross Gearing	30.47	%
Quick Assets	14.18	m
Net Working Capital	12.13	m
Intangibles / Fixed Assets	59.85	%
Turnover PS	67.38	p
Pre-Tax Profit PS	14.12	p
Retained Profit PS	-	p
Cash PS	13.21	p
Net Cash PS	-0.98	p
Net Tangible Asset Value PS *	32.34	p
Net Asset Value PS	60.54	p
Spread	26.00 (4.00%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Tristel Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	680.00	619.00
4 weeks	680.00	602.00
12 weeks	685.00	577.00
1 year	685.00	397.50

Share Price Chart (5 years)

Tristel Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	640.00	-3.00	-0.47	619.00	0.06		644.36
4 weeks	607.00	30.00	4.94	602.00	0.05		638.01
12 weeks	605.00	32.00	5.29	577.00	0.08		618.53
26 weeks	480.00	157.00	32.71	475.00	0.08		559.41
1 year	455.00	182.00	40.00	397.50	0.10		502.42
3 years	280.00	357.00	127.50	202.50	0.09		395.23
5 years	118.00	519.00	439.83	88.50	0.08		326.06
† periods calculated are whole weeks rather than calendar months

Tristel Key Management Ratios

Tristel Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	35.12
PE Ratio	55.98
Tobin's Q Ratio	8.63
Tobin's Q Ratio (excl. intangibles)	13.86
Dividend Yield	0.97	%
Market-to-Book Ratio	10.52
Price-to-Pre-Tax Profit PS	45.11
Price-to-Retained Profit PS	-
Price-to-Cash Flow PS	42.85
Price-to-Sales PS	9.45
Price-to-Net Tangible Asset Value PS	19.69
Price-to-Cash PS	48.21
Net Working Capital PS	25.79
Price Pct to Working Capital PS	24.70	%
Earnings Yield	1.79	%
Average PE	31.21
Years in average	5
PE to PE average	179.32	%

Tristel Financial Ratios

(Leverage Ratios)
Debt Ratio	16.93	%
Debt-to-Equity Ratio	0.20
Debt-to-Equity Ratio (excl. Intgbl)	0.38
Debt-to-Equity Market Value	0.02
Net Gearing	15.29	%
Net Gearing (excl. Intangibles)	22.61	%
Gross Gearing	30.47	%
Gross Gearing (excl. Intangibles)	45.05	%
Gearing Under 1 Year	16.30	%
Gearing Under 1 Year (excl. Intgbl)	24.10	%
Assets/Equity	1.44
Cash/Equity	21.82
(Liquidity Ratios)
Net Working Capital to Total Assets	29.62	%
Current Ratio	2.82
Quick Ratio (Acid Test)	2.13
Liquidity Ratio	0.93
Cash & Equiv/Current Assets	33.05	%
(Solvency Ratios)
Enterprise Value	299.09	m
CFO/Sales	0.22
CFO/Attributable Profit	1.37
CFO/Assets	0.17
CFO/Debt	0.56
Total Debt/Equity Market Value	0.04
Total Debt/Sales	0.39
Total Debt/Pre-Tax Profit	1.88
Total Debt	12.47	m
Total Debt/Net Current Assets	1.03	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	14.30	%
5 yr Compound Earnings Growth	17.83	%
10 yr Compound Earnings Growth	24.52	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
-0.1072	-0.1684

Tristel Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	19.38	%
Return On Assets (ROA)	14.69	%
Net Profit Margin	16.10	%
Assets Turnover	0.91
Return On Equity (ROE)	17.92	%
Return On Investment (ROI)	17.47	%
Dividend Payout Ratio	54.31	%
Plowback Ratio	45.69	%
Growth from Plowback Ratio	9.00	%
Net Income Of Revenues	-	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.22
Fixed Assets Turnover	1.69
Current Assets Turnover	1.98
Net Working Capital Turnover
Inventory Turnover	8.36
(Other Operating Ratios)
Total Assets-to-Sales	1.10
Debtors-to-Sales	22.17	%
Debt Collection Period	80.91	Days

Tristel Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
22 Feb 2021	Interim	GBX	2.62	30/06/2020	30/06/2021	08/04/2021	09/04/2021	30/04/2021	-
19 Oct 2020	Final	GBX	3.84	30/06/2019	30/06/2020	19/11/2020	20/11/2020	18/12/2020	6.18
24 Feb 2020	Interim	GBX	2.34	30/06/2019	30/06/2020	26/03/2020	27/03/2020	30/04/2020	-
16 Oct 2019	Final	GBX	3.50	30/06/2018	30/06/2019	21/11/2019	22/11/2019	20/12/2019	5.54
25 Feb 2019	Interim	GBX	2.04	30/06/2018	30/06/2019	28/03/2019	29/03/2019	30/04/2019	-
17 Oct 2018	Final	GBX	2.98	30/06/2017	30/06/2018	15/11/2018	16/11/2018	14/12/2018	4.58
20 Feb 2018	Interim	GBX	1.60	30/06/2017	30/06/2018	22/03/2018	23/03/2018	12/04/2018	-
19 Oct 2017	Final	GBX	2.63	30/06/2016	30/06/2017	16/11/2017	17/11/2017	15/12/2017	4.03
23 Feb 2017	Interim	GBX	1.40	30/06/2016	30/06/2017	23/03/2017	24/03/2017	13/04/2017	-
17 Oct 2016	Final	GBX	2.19	30/06/2015	30/06/2016	17/11/2016	18/11/2016	16/12/2016	6.33
21 Jul 2016	Special	GBX	3.00	30/06/2015	30/06/2016	28/07/2016	29/07/2016	05/08/2016	-
24 Feb 2016	Interim	GBX	1.14	30/06/2015	30/06/2016	17/03/2016	18/03/2016	01/04/2016	-
12 Oct 2015	Final	GBX	2.14	30/06/2014	30/06/2015	19/11/2015	20/11/2015	18/12/2015	5.72
18 Jun 2015	Special	GBX	3.00	30/06/2014	30/06/2015	25/06/2015	26/06/2015	06/08/2015	-
25 Feb 2015	Interim	GBX	0.58	30/06/2014	30/06/2015	26/03/2015	27/03/2015	13/04/2015	-
13 Oct 2014	Final	GBX	1.26	30/06/2013	30/06/2014	20/11/2014	21/11/2014	19/12/2014	1.62
03 Mar 2014	Interim	GBX	0.36	30/06/2013	30/06/2014	26/03/2014	28/03/2014	28/03/2014	-
14 Oct 2013	Final	GBX	0.32	30/06/2012	30/06/2013	27/11/2013	29/11/2013	16/12/2013	0.40
04 Mar 2013	Interim	GBX	0.08	30/06/2012	30/06/2013	27/03/2013	02/04/2013	15/04/2013	-
29 Oct 2012	Final	GBX	0.35	30/06/2011	30/06/2012	14/11/2012	16/11/2012	14/12/2012	0.62
12 Mar 2012	Interim	GBX	0.27	30/06/2011	30/06/2012	21/03/2012	23/03/2012	13/04/2012	-
24 Oct 2011	Final	GBX	0.12	30/06/2010	30/06/2011	16/11/2011	18/11/2011	16/12/2011	0.56
14 Mar 2011	Interim	GBX	0.44	30/06/2010	30/06/2011	23/03/2011	25/03/2011	15/04/2011	-
18 Oct 2010	Final	GBX	1.41	30/06/2009	30/06/2010	17/11/2010	19/11/2010	17/12/2010	1.83
08 Mar 2010	Interim	GBX	0.43	30/06/2009	30/06/2010	17/03/2010	19/03/2010	31/03/2010	-
12 Oct 2009	Final	GBX	1.30	30/06/2008	30/06/2009	19/10/2009	21/11/2009	19/12/2009	1.70
16 Mar 2009	Interim	GBX	0.41	01/07/2008	31/12/2008	23/03/2009	25/03/2009	22/04/2009	-
06 Oct 2008	Final	GBX	1.17	30/06/2007	30/06/2008	19/10/2008	21/11/2008	19/12/2008	1.55
03 Mar 2008	Interim	GBX	0.39	01/07/2007	31/12/2007	12/03/2008	14/03/2008	09/04/2008	-
11 Dec 2007	Final	GBX	1.00	30/06/2006	30/06/2007	14/11/2007	16/11/2007	14/12/2007	1.35
19 Feb 2007	Interim	GBX	0.35	01/07/2006	31/12/2006	28/02/2007	02/03/2007	10/04/2007	-
19 Oct 2006	Final	GBX	0.73	30/06/2005	30/06/2006	01/11/2006	03/11/2006	01/12/2006	1.00
13 Feb 2006	Interim	GBX	0.28	01/07/2005	31/12/2005	08/03/2006	10/03/2006	06/04/2006	-
03 Oct 2005	Final	GBX	0.50	30/06/2004	30/06/2005	02/11/2005	04/11/2005	02/12/2005	0.50

Tristel Fundamentals

	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)
turnover	20.27	100.00%	22.22	100.00%	26.17	100.00%	31.68	100.00%	m
pre tax profit	3.97	19.56%	4.01	18.03%	4.75	18.14%	6.64	20.96%	m
attributable profit	3.42	16.85%	3.27	14.73%	4.03	15.40%	5.10	16.10%	m
retained profit	0.63	3.11%	1.45	6.54%	1.82	6.96%	-	-%	m
eps - basic (p)	8.06		7.62		9.14		11.38
eps - diluted (p)	7.80		7.33		8.86		10.88
dividends per share	4.03		4.58		5.54		6.18

Tristel Balance Sheet

	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)


	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)
ASSETS
fixed assets	1.41	7.01%	1.33	5.89%	1.47	5.15%	8.08	19.74%	m
intangibles	6.99	34.75%	6.95	30.84%	12.95	45.45%	13.25	32.37%	m
fixed investments	0.59	2.93%	0.59	2.61%	0.87	3.06%	0.81	1.97%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	2.29	11.40%	2.28	10.11%	2.96	10.38%	4.62	11.28%	m
debtors	3.75	18.62%	4.73	20.99%	6.08	21.34%	7.97	19.46%	m
cash & securities	5.09	25.30%	6.66	29.55%	4.17	14.64%	6.21	15.18%	m

TOTAL	20.11	100%	22.54	100%	28.49	100%	40.93	100%	m

LIABILITIES
creditors - short	3.88	19.27%	3.91	17.34%	4.38	15.37%	6.67	16.30%	m
creditors - long	0.18	0.87%	0.21	0.91%	0.76	2.65%	5.80	14.17%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	4.05	20.14%	4.11	18.25%	5.13	18.02%	12.47	30.47%	m

EQUITY
ord cap, reserves	16.06	79.83%	18.42	81.72%	23.35	81.96%	28.46	69.52%	m
prefs, minorities	0.01	0.03%	0.01	0.03%	0.01	0.02%	0.01	0.02%	m

TOTAL	16.06	79.86%	18.43	81.75%	23.36	81.98%	28.46	69.53%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Tristel Cash Flow Statement

	30 Jun 2017 (GBP)	30 Jun 2018 (GBP)	30 Jun 2019 (GBP)	30 Jun 2020 (GBP)
Operating CF	4.35	4.50	5.49	6.99	m
Pre-Financing CF	1.81	3.05	-0.68	4.02	m
Retained CF	-0.67	1.59	-2.51	1.99	m

Tristel Brokers

Name	Activity	Type	Mnemonic	Code
Shore Capital Stockbrokers Ltd	Market Maker(MMF)	Broker/Dealer	SCAP	SHOCGB21
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC