Babcock (BAB)

Company name:	Babcock International Group Plc
EPIC:	BAB	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB0009697037
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.babcock.co.uk/	Description:	ORD 60P
Industry Sector:	SUPPORT SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
595.60	15.6 [2.69]	596.80	597.60	584.40	597.40	582.60	1,306,917
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
3,011.33	505.60	-0.38	39.50	30.00	15.08	5.04	600.00 - 410.20

Babcock Key Figures

(at previous day's close)
Market Cap.	3,011.33	m
Shares In Issue	505.60	m
Prev. Close	580.00
PE Ratio	15.08
Dividend Yield	5.04	%
EPS - basic	39.50	p
Dividend PS	30.00	p
Dividend Cover	1.32
Cash Flow PS	76.42	p
Return On Equity (ROE)	6.95	%
Operating Margin	5.26	%
PEG Factor	-0.37
EPS Growth Rate	-40.69	%
Dividends PS Growth Rate	1.69	%
Net Debt	3,018.00	m
Gross Gearing	53.30	%
Quick Assets	1,396.80	m
Net Working Capital	67.60	m
Intangibles / Fixed Assets	66.16	%
Turnover PS	885.05	p
Pre-Tax Profit PS	46.52	p
Retained Profit PS	9.67	p
Cash PS	54.43	p
Net Cash PS	-247.33	p
Net Tangible Asset Value PS *	-32.75	p
Net Asset Value PS	570.59	p
Spread	0.80 (0.13%)
* 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.

Babcock Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	599.40	559.20
4 weeks	600.00	510.40
12 weeks	600.00	494.50
1 year	600.00	410.20

Share Price Chart (5 years)

Babcock Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	596.20	-0.60	-0.10	559.20	2.40		583.27
4 weeks	531.40	64.20	12.08	510.40	1.79		569.10
12 weeks	540.80	54.80	10.13	494.50	1.57		553.07
26 weeks	475.30	120.30	25.31	421.60	1.73		509.17
1 year	548.20	47.40	8.65	410.20	2.01		507.56
3 years	940.50	-344.90	-36.67	410.20	2.09		682.30
5 years	1,141.00	-545.40	-47.80	410.20	1.75		773.31
† periods calculated are whole weeks rather than calendar months

Babcock Key Management Ratios

Babcock Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	15.81
PE Ratio	15.08
Tobin's Q Ratio	0.48
Tobin's Q Ratio (excl. intangibles)	0.95
Dividend Yield	5.04	%
Market-to-Book Ratio	1.05
Price-to-Pre-Tax Profit PS	12.80
Price-to-Retained Profit PS	61.58
Price-to-Cash Flow PS	7.79
Price-to-Sales PS	0.67
Price-to-Net Tangible Asset Value PS	-20.32
Price-to-Cash PS	10.94
Net Working Capital PS	13.37
Price Pct to Working Capital PS	44.55	%
Earnings Yield	6.63	%
Average PE	14.42
Years in average	5
PE to PE average	104.60	%

Babcock Financial Ratios

(Leverage Ratios)
Debt Ratio	37.99	%
Debt-to-Equity Ratio	0.61
Debt-to-Equity Ratio (excl. Intgbl)	-11.93
Debt-to-Equity Market Value	0.59
Net Gearing	48.85	%
Net Gearing (excl. Intangibles)	95.96	%
Gross Gearing	53.30	%
Gross Gearing (excl. Intangibles)	104.71	%
Gearing Under 1 Year	24.70	%
Gearing Under 1 Year (excl. Intgbl)	48.51	%
Assets/Equity	2.14
Cash/Equity	9.54
(Liquidity Ratios)
Net Working Capital to Total Assets	1.09	%
Current Ratio	1.04
Quick Ratio (Acid Test)	0.92
Liquidity Ratio	0.18
Cash & Equiv/Current Assets	17.27	%
(Solvency Ratios)
Enterprise Value	4,521.03	m
CFO/Sales	0.09
CFO/Attributable Profit	1.94
CFO/Assets	0.06
CFO/Debt	0.12
Total Debt/Equity Market Value	1.09
Total Debt/Sales	0.74
Total Debt/Pre-Tax Profit	14.00
Total Debt	3,293.20	m
Total Debt/Net Current Assets	48.72	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	6

Beta (60-Mnth)	Beta (36-Mnth)
-0.3807	0.3077

Babcock Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	5.06	%
Return On Assets (ROA)	3.19	%
Net Profit Margin	4.46	%
Assets Turnover	0.72
Return On Equity (ROE)	6.95	%
Return On Investment (ROI)	4.21	%
Dividend Payout Ratio	75.95	%
Plowback Ratio	24.05	%
Growth from Plowback Ratio	1.67	%
Net Income Of Revenues	1.09	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.55
Fixed Assets Turnover	0.97
Current Assets Turnover	2.76
Net Working Capital Turnover
Inventory Turnover	23.68
(Other Operating Ratios)
Total Assets-to-Sales	1.40
Debtors-to-Sales	25.79	%
Debt Collection Period	94.12	Days

Babcock Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
20 Nov 2019	Interim	GBX	7.20	30/03/2019	30/09/2019	05/12/2019	06/12/2019	17/01/2020	-
22 May 2019	Final	GBX	28.90	31/03/2018	31/03/2019	04/07/2019	05/07/2019	09/08/2019	30.00
21 Nov 2018	Interim	GBX	7.10	30/03/2018	30/09/2018	06/12/2018	07/12/2018	16/01/2019	-
23 May 2018	Final	GBX	22.65	31/03/2017	31/03/2018	28/06/2018	29/06/2018	10/08/2018	29.50
21 Nov 2017	Interim	GBX	6.85	30/03/2017	30/09/2017	07/12/2017	08/12/2017	16/01/2018	-
24 May 2017	Final	GBX	21.65	31/03/2016	31/03/2017	29/06/2017	30/06/2017	11/08/2017	28.15
22 Nov 2016	Interim	GBX	6.50	30/03/2016	30/09/2016	08/12/2016	09/12/2016	16/01/2017	-
25 May 2016	Final	GBX	19.75	31/03/2015	31/03/2016	30/06/2016	01/07/2016	12/08/2016	25.80
24 Nov 2015	Interim	GBX	6.05	30/03/2015	30/09/2015	10/12/2015	11/12/2015	14/01/2016	-
18 May 2015	Final	GBX	18.10	31/03/2014	31/03/2015	02/07/2015	03/07/2015	12/08/2015	23.60
20 Nov 2014	Interim	GBX	5.50	30/03/2014	30/09/2014	11/12/2014	12/12/2014	14/01/2015	-
19 May 2014	Final	GBX	16.40	31/03/2013	31/03/2014	02/07/2014	04/07/2014	12/08/2014	21.40
12 Nov 2013	Interim	GBX	5.00	30/03/2013	30/09/2013	11/12/2013	13/12/2013	10/01/2014	-
14 May 2013	Final	GBX	20.00	31/03/2012	31/03/2013	03/07/2013	05/07/2013	08/08/2013	26.30
06 Nov 2012	Interim	GBX	6.30	30/03/2012	30/09/2012	12/12/2012	14/12/2012	11/01/2013	-
15 May 2012	Final	GBX	17.00	31/03/2011	31/03/2012	04/07/2012	06/07/2012	07/08/2012	22.70
08 Nov 2011	Interim	GBX	5.70	30/03/2011	30/09/2011	14/12/2011	16/12/2011	13/01/2012	-
17 May 2011	Final	GBX	14.20	31/03/2010	31/03/2011	06/07/2011	08/07/2011	09/08/2011	19.40
09 Nov 2010	Interim	GBX	5.20	30/03/2010	30/09/2010	15/12/2010	17/12/2010	14/01/2011	-
11 May 2010	Final	GBX	12.80	31/03/2009	31/03/2010	16/06/2010	18/06/2010	09/07/2010	17.60
10 Nov 2009	Interim	GBX	4.80	30/03/2009	30/09/2009	16/12/2009	18/12/2009	15/01/2010	-
04 Jun 2009	Final	GBX	10.40	31/03/2008	31/03/2009	08/07/2009	10/07/2009	07/08/2009	14.40
11 Nov 2008	Interim	GBX	4.00	30/03/2008	30/09/2008	17/12/2008	19/12/2008	16/01/2009	-
13 May 2008	Final	GBX	8.20	31/03/2007	31/03/2008	09/07/2008	11/07/2008	08/08/2008	11.50
13 Nov 2007	Interim	GBX	3.30	30/03/2007	30/09/2007	12/12/2007	14/12/2007	16/01/2008	-
10 May 2007	Final	GBX	5.65	31/12/2005	31/12/2006	04/07/2007	06/07/2007	06/08/2007	8.05
14 Nov 2006	Interim	GBX	2.40	30/03/2006	30/09/2006	13/12/2006	15/12/2006	17/01/2007	-
03 May 2006	Final	GBX	4.25	31/12/2004	31/12/2005	05/07/2006	07/07/2006	07/08/2006	6.00
15 Nov 2005	Interim	GBX	1.75	30/03/2005	30/09/2005	14/12/2005	16/12/2005	20/01/2006	-
26 May 2005	Final	GBX	2.65	31/03/2004	31/03/2005	06/07/2005	08/07/2005	08/08/2005	4.00
24 Nov 2004	Interim	GBX	1.35	30/03/2004	30/09/2004	15/12/2004	17/12/2004	21/01/2005	-
20 May 2004	Final	GBX	2.10	31/03/2003	31/03/2004	07/07/2004	09/07/2004	09/08/2004	3.35
20 Nov 2003	Interim	GBX	1.25	30/03/2003	30/09/2003	17/12/2003	19/12/2003	23/01/2004	-
12 Jun 2003	Final	GBX	1.85	31/03/2002	31/03/2003	09/07/2003	11/07/2003	08/08/2003	3.00
21 Nov 2002	Interim	GBX	1.15	30/03/2002	30/09/2002	18/12/2002	20/12/2002	24/01/2003	-
18 Jun 2002	Final	GBX	1.75	31/03/2001	31/03/2002	10/07/2002	12/07/2002	09/08/2002	2.85
22 Nov 2001	Interim	GBX	1.10	30/03/2001	30/09/2001	19/12/2001	21/12/2001	25/01/2002	-
19 Jun 2001	Final	GBX	1.55	31/03/2000	31/03/2001	11/07/2001	13/07/2001	10/08/2001	2.65
16 Nov 2000	Interim	GBX	1.10	30/03/2000	30/09/2000	18/12/2000	22/12/2000	26/01/2001	-
19 Jun 2000	Final	GBX	1.65	31/03/1999	31/03/2000	10/07/2000	14/07/2000	11/08/2000	2.55
18 Nov 1999	Interim	GBX	0.90	30/03/1999	30/09/1999	29/12/1999	06/01/2000	28/01/2000	-
19 Nov 1998	Interim	GBX	0.80	30/03/1998	30/09/1998	04/01/1999	08/01/1999	29/01/1999	-
08 Jun 1998	Final	GBX	1.11	31/03/1997	31/03/1998	06/07/1998	10/07/1998	12/08/1998	1.82

Babcock Fundamentals

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
turnover	4,842.10	100.00%	4,547.10	100.00%	4,659.60	100.00%	4,474.80	100.00%	m
pre tax profit	330.10	6.82%	362.10	7.96%	391.10	8.39%	235.20	5.26%	m
attributable profit	286.60	5.92%	311.80	6.86%	336.30	7.22%	199.40	4.46%	m
retained profit	165.10	3.41%	179.30	3.94%	192.40	4.13%	48.90	1.09%	m
eps - basic (p)	57.00		61.80		66.60		39.50
eps - diluted (p)	56.80		61.70		66.50		39.40
dividends per share	25.80		28.15		29.50		30.00

Babcock Balance Sheet

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)


	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
ASSETS
fixed assets	950.80	16.74%	1,036.90	16.91%	1,028.40	16.27%	1,014.30	16.42%	m
intangibles	3,226.80	56.82%	3,216.80	52.47%	3,130.20	49.52%	3,033.10	49.09%	m
fixed investments	229.60	4.04%	449.90	7.34%	508.50	8.04%	537.40	8.70%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	139.10	2.45%	159.20	2.60%	181.40	2.87%	196.50	3.18%	m
debtors	946.40	16.67%	1,076.70	17.56%	1,186.20	18.77%	1,121.60	18.15%	m
cash & securities	185.90	3.27%	191.40	3.12%	286.30	4.53%	275.20	4.45%	m

TOTAL	5,678.60	100%	6,130.90	100%	6,321.00	100%	6,178.10	100%	m

LIABILITIES
creditors - short	1,372.50	24.17%	1,504.30	24.54%	1,498.50	23.71%	1,525.70	24.70%	m
creditors - long	1,949.80	34.34%	1,934.40	31.55%	1,911.50	30.24%	1,767.50	28.61%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	3,322.30	58.51%	3,438.70	56.09%	3,410.00	53.95%	3,293.20	53.30%	m

EQUITY
ord cap, reserves	2,338.50	41.18%	2,669.80	43.55%	2,892.90	45.77%	2,867.50	46.41%	m
prefs, minorities	17.80	0.31%	22.40	0.37%	18.10	0.29%	17.40	0.28%	m

TOTAL	2,356.30	41.49%	2,692.20	43.91%	2,911.00	46.05%	2,884.90	46.70%	m

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

Babcock Cash Flow Statement

	31 Mar 2016 (GBP)	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)
Operating CF	390.30	390.90	320.00	386.40	m
Pre-Financing CF	297.60	259.80	248.50	297.40	m
Retained CF	52.90	11.10	106.90	-5.60	m

Babcock Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Arden Partners Plc	Market Maker(MME)	Broker/Dealer	ARDA	ARRRGB2100A
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC