Artemis Alpha (ATS)

Company name:	Artemis Alpha Trust Plc
EPIC:	ATS	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GB0004355946
Market Segment:	SSMM	Share Type:	DE
WWW Address:	https://www.artemisfunds.com/en/gbr/investor/funds/explorer/artemis-alpha-trust-plc/ordinary-shares	Description:	ORD 1P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
303.00	9.5 [3.24]	297.00	309.00	301.00	301.00	301.00	30,641
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
124.07	40.95	0.08	4.90	5.20	61.84	1.72	352.00 - 206.00

Artemis Alpha Key Figures

(at previous day's close)
Market Cap.	124.07	m
Shares In Issue	40.95	m
Prev. Close	293.50
PE Ratio	61.84
Dividend Yield	1.72	%
EPS - basic	4.90	p
Dividend PS	5.20	p
Dividend Cover	0.94
Cash Flow PS	3.78	p
Return On Equity (ROE)	1.61	%
Operating Margin	75.87	%
PEG Factor	-2.59
EPS Growth Rate	-23.91	%
Dividends PS Growth Rate	-	%
Net Debt	-0.29	m
Gross Gearing	3.99	%
Quick Assets	6.39	m
Net Working Capital	1.30	m
Intangibles / Fixed Assets	-	%
Turnover PS	6.77	p
Pre-Tax Profit PS	5.14	p
Retained Profit PS	-0.70	p
Cash PS	13.14	p
Net Cash PS	0.71	p
Net Tangible Asset Value PS *	299.06	p
Net Asset Value PS	309.38	p
Spread	12.00 (3.88%)
* 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.

Artemis Alpha Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	302.00	282.00
4 weeks	304.00	260.00
12 weeks	304.00	260.00
1 year	352.00	206.00

Share Price Chart (5 years)

Artemis Alpha Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	282.00	21.00	7.45	282.00	0.06		289.74
4 weeks	269.00	34.00	12.64	260.00	0.04		286.18
12 weeks	263.50	39.50	14.99	260.00	0.02		283.05
26 weeks	245.00	58.00	23.67	235.00	0.03		270.45
1 year	285.00	18.00	6.32	206.00	0.04		293.04
3 years	310.00	-7.00	-2.26	206.00	0.04		297.42
5 years	262.75	40.25	15.32	205.00	0.03		286.89
† periods calculated are whole weeks rather than calendar months

Artemis Alpha Key Management Ratios

Artemis Alpha Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	3.20
PE Ratio	61.84
Tobin's Q Ratio	0.90
Tobin's Q Ratio (excl. intangibles)	0.90
Dividend Yield	1.72	%
Market-to-Book Ratio	1.01
Price-to-Pre-Tax Profit PS	58.97
Price-to-Retained Profit PS	-433.80
Price-to-Cash Flow PS	80.15
Price-to-Sales PS	44.74
Price-to-Net Tangible Asset Value PS	0.98
Price-to-Cash PS	23.05
Net Working Capital PS	3.17
Price Pct to Working Capital PS	95.73	%
Earnings Yield	1.62	%
Average PE	48.67
Years in average	5
PE to PE average	127.06	%

Artemis Alpha Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	-0.23	%
Net Gearing (excl. Intangibles)	-0.23	%
Gross Gearing	3.99	%
Gross Gearing (excl. Intangibles)	3.99	%
Gearing Under 1 Year	3.99	%
Gearing Under 1 Year (excl. Intgbl)	3.99	%
Assets/Equity	1.04
Cash/Equity	4.40
(Liquidity Ratios)
Net Working Capital to Total Assets	1.02	%
Current Ratio	1.25
Quick Ratio (Acid Test)	1.25
Liquidity Ratio	1.06
Cash & Equiv/Current Assets	84.26	%
(Solvency Ratios)
Enterprise Value	118.68	m
CFO/Sales	0.56
CFO/Attributable Profit	0.79
CFO/Assets	0.01
CFO/Debt	0.30
Total Debt/Equity Market Value	0.04
Total Debt/Sales	1.84
Total Debt/Pre-Tax Profit	2.42
Total Debt	5.09	m
Total Debt/Net Current Assets	3.93	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	0.71	%
10 yr Compound Earnings Growth	3.02	%
Earn drops > 5% in 10yrs	8

Beta (60-Mnth)	Beta (36-Mnth)
0.0789	0.0631

Artemis Alpha Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	1.72	%
Return On Assets (ROA)	1.43	%
Net Profit Margin	70.90	%
Assets Turnover	0.02
Return On Equity (ROE)	1.61	%
Return On Investment (ROI)	1.47	%
Dividend Payout Ratio	106.12	%
Plowback Ratio	-6.12	%
Growth from Plowback Ratio	-0.09	%
Net Income Of Revenues	-10.31	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.02
Fixed Assets Turnover	0.02
Current Assets Turnover	0.47
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	49.65
Debtors-to-Sales	34.49	%
Debt Collection Period	125.90	Days

Artemis Alpha Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
29 Jul 2020	Final	GBX	3.10	30/04/2019	30/04/2020	10/09/2020	11/09/2020	16/10/2020	5.20
19 Dec 2019	Interim	GBX	2.10	01/05/2019	31/10/2019	02/01/2020	03/01/2020	24/01/2020	-
19 Jul 2019	Interim	GBX	3.00	30/04/2018	30/04/2019	15/08/2019	16/08/2019	13/09/2019	-
19 Jul 2019	Special	GBX	0.50	30/04/2018	30/04/2019	15/08/2019	16/08/2019	13/09/2019	5.50
19 Dec 2018	Interim	GBX	2.00	01/05/2018	31/10/2018	03/01/2019	04/01/2019	25/01/2019	-
26 Jul 2018	Interim	GBX	3.00	30/04/2017	30/04/2018	02/08/2018	03/08/2018	24/08/2018	4.75
26 Jul 2018	Special	GBX	1.60	30/04/2017	30/04/2018	02/08/2018	03/08/2018	24/08/2018	-
16 Jan 2018	Interim	GBX	1.75	01/05/2017	31/10/2017	28/12/2017	29/12/2017	26/01/2018	-
20 Jul 2017	Special	GBX	2.00	30/04/2016	30/04/2017	27/07/2017	28/07/2017	25/08/2017	-
20 Jul 2017	Interim	GBX	2.75	30/04/2016	30/04/2017	27/07/2017	28/07/2017	25/08/2017	4.30
22 Dec 2016	Interim	GBX	1.55	01/05/2016	31/10/2016	05/01/2017	06/01/2017	27/01/2017	-
07 Jul 2016	Interim	GBX	2.50	30/04/2015	30/04/2016	14/07/2016	15/07/2016	29/01/2016	3.90
16 Dec 2015	Interim	GBX	1.40	01/05/2015	31/10/2015	29/12/2015	30/12/2015	29/01/2016	-
10 Jul 2015	Final	GBX	2.30	30/04/2014	30/04/2015	23/07/2015	24/07/2015	14/08/2015	3.55
16 Dec 2014	Interim	GBX	1.25	01/05/2014	31/10/2014	02/01/2015	05/01/2015	30/01/2015	-
03 Jul 2014	Final	GBX	2.00	30/04/2013	30/04/2014	23/07/2014	25/07/2014	15/08/2014	3.20
19 Dec 2013	Interim	GBX	1.20	01/05/2013	31/10/2013	31/12/2013	03/01/2014	31/01/2014	-
04 Jul 2013	Final	GBX	1.85	30/04/2012	30/04/2013	24/07/2013	26/07/2013	16/08/2013	3.05
24 Dec 2012	Interim	GBX	1.20	01/05/2012	31/10/2012	02/01/2013	04/01/2013	01/02/2013	-
16 Jul 2012	Final	GBX	1.75	30/04/2011	30/04/2012	25/07/2012	27/07/2012	17/08/2012	2.95
19 Dec 2011	Interim	GBX	1.20	01/05/2011	31/10/2011	28/12/2011	30/12/2011	03/02/2012	-
23 Jun 2011	Final	GBX	1.65	30/04/2010	30/04/2011	29/06/2011	01/07/2011	19/08/2011	2.85
21 Dec 2010	Interim	GBX	1.20	01/05/2010	31/10/2010	24/11/2010	26/11/2010	04/02/2011	-
09 Jul 2010	Final	GBX	1.60	30/04/2009	30/04/2010	21/07/2010	23/07/2010	20/08/2010	2.75
22 Dec 2009	Interim	GBX	1.15	01/05/2009	31/10/2009	06/01/2010	08/01/2010	29/01/2010	-
10 Jul 2009	Final	GBX	1.50	30/04/2008	30/04/2009	22/07/2009	24/07/2009	21/08/2008	2.60
19 Dec 2008	Interim	GBX	1.10	01/05/2008	31/10/2008	31/12/2008	05/01/2009	02/02/2009	-
15 Aug 2008	Final	GBX	1.40	30/04/2007	30/04/2008	13/08/2008	15/08/2008	29/08/2008	2.45
21 Dec 2007	Interim	GBX	1.05	01/05/2007	31/10/2007	09/01/2008	11/01/2008	08/02/2008	-
06 Aug 2007	Final	GBX	1.30	30/04/2006	30/04/2007	15/08/2007	17/08/2007	31/08/2007	2.30
08 Jan 2007	Interim	GBX	1.00	01/05/2006	31/10/2006	17/01/2007	19/01/2007	16/02/2007	-
31 Jul 2006	Final	GBX	1.20	30/04/2005	30/04/2006	09/08/2006	11/08/2006	31/08/2006	2.20
21 Dec 2005	Interim	GBX	1.00	01/05/2005	31/10/2005	04/01/2006	06/01/2006	03/02/2006	-
07 Jul 2005	Final	GBX	1.10	30/04/2004	30/04/2005	20/07/2005	22/07/2005	12/08/2005	2.10
10 Dec 2004	Interim	GBX	1.00	01/05/2004	31/10/2004	29/12/2004	31/12/2004	28/01/2005	-
10 May 2004	Final	GBX	1.00	30/04/2003	30/04/2004	19/05/2004	21/05/2004	04/08/2004	2.00
17 Nov 2003	Interim	GBX	1.00	30/04/2003	30/04/2004	10/12/2003	12/12/2003	16/01/2004	-
13 Jun 2003	Final	GBX	1.00	30/04/2002	30/04/2003	06/08/2003	08/08/2003	05/09/2003	2.00
11 Dec 2002	Interim	GBX	1.00	01/05/2002	31/10/2002	12/02/2003	14/02/2003	28/02/2002	-
13 Mar 2002	Final	GBX	1.00	30/04/2001	30/04/2002	10/04/2002	12/04/2002	30/08/2002	2.00
07 Jan 2002	Interim	GBX	1.00	01/05/2001	31/10/2001	30/01/2002	01/02/2002	28/02/2002	-
11 Apr 2001	Final	GBX	1.00	30/04/2000	30/04/2001	02/05/2001	04/05/2001	31/08/2001	2.00
09 Jan 2001	Interim	GBX	1.00	01/05/2000	31/10/2000	07/02/2001	09/02/2001	28/02/2001	-
23 Jun 2000	Final	GBX	1.00	30/04/1999	30/04/2000	31/07/2000	04/08/2000	31/08/2000	1.90
24 Dec 1999	Interim	GBX	0.90	01/05/1999	31/10/1999	17/01/2000	21/01/2000	28/02/2000	-
22 Jun 1999	Final	GBX	0.90	30/04/1998	30/04/1999	28/06/1999	02/07/1999	31/08/1999	0.90

Artemis Alpha Fundamentals

	30 Apr 2017 (GBP)		30 Apr 2018 (GBP)		30 Apr 2019 (GBP)		30 Apr 2020 (GBP)
turnover	3.18	100.00%	3.25	100.00%	3.35	100.00%	2.77	100.00%	m
pre tax profit	2.65	83.29%	2.69	82.65%	2.77	82.85%	2.10	75.87%	m
attributable profit	2.62	82.13%	2.60	80.09%	2.64	78.91%	1.97	70.90%	m
retained profit	0.93	29.15%	-0.06	-1.88%	-0.06	-1.91%	-0.29	-10.31%	m
eps - basic (p)	6.31		6.35		6.44		4.90
eps - diluted (p)	6.31		6.35		6.44		4.90
dividends per share	4.30		4.75		-		5.20

Artemis Alpha Balance Sheet

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


	30 Apr 2017 (GBP)		30 Apr 2018 (GBP)		30 Apr 2019 (GBP)		30 Apr 2020 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	159.48	97.16%	172.42	98.93%	142.37	96.30%	121.16	94.99%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	0.65	0.39%	0.73	0.42%	0.91	0.61%	1.01	0.79%	m
cash & securities	4.01	2.44%	1.13	0.65%	4.56	3.08%	5.38	4.22%	m

TOTAL	164.13	100%	174.28	100%	147.84	100%	127.55	100%	m

LIABILITIES
creditors - short	14.13	8.61%	12.56	7.21%	2.57	1.74%	5.09	3.99%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	14.13	8.61%	12.56	7.21%	2.57	1.74%	5.09	3.99%	m

EQUITY
ord cap, reserves	150.00	91.39%	161.72	92.79%	145.27	98.26%	122.45	96.01%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	150.00	91.39%	161.72	92.79%	145.27	98.26%	122.45	96.01%	m

OTHER
NAV Basic	364.72		394.62		354.47		309.38
NAV Diluted	361.90		394.62		354.47		309.38

Artemis Alpha Cash Flow Statement

	30 Apr 2017 (GBP)	30 Apr 2018 (GBP)	30 Apr 2019 (GBP)	30 Apr 2020 (GBP)
Operating CF	1.30	1.47	1.42	1.55	m
Pre-Financing CF	2.08	2.30	15.99	7.09	m
Retained CF	-2.08	-0.84	14.47	0.78	m

Artemis Alpha Brokers

Name	Activity	Type	Mnemonic	Code
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
J.P. Morgan Securities Ltd	Market Maker(MMF)	Broker/Dealer	JPMS	JPMSGB2L
UBS AG	Market Maker(MMF)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC