Tclarke (CTO)

Company name:	Tclarke Plc
EPIC:	CTO	Trading Currency:	GBX
Market Sector:	ON10	ISIN:	GB0002015021
Market Segment:	SET3	Share Type:	DE
WWW Address:	http://www.tclarke.co.uk/	Description:	ORD 10P
Industry Sector:	CONSTRUCTION & MATERIALS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
115.75	2.75 [2.43]	114.00	117.50	110.50	116.00	110.50	50,137
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
49.72	42.95	0.01	2.87	4.40	40.33	3.80	116.00 - 76.60

Tclarke Key Figures

(at previous day's close)
Market Cap.	49.72	m
Shares In Issue	42.95	m
Prev. Close	113.00
PE Ratio	40.33
Dividend Yield	3.80	%
EPS - basic	2.87	p
Dividend PS	4.40	p
Dividend Cover	0.65
Cash Flow PS	8.61	p
Return On Equity (ROE)	7.64	%
Operating Margin	0.52	%
PEG Factor	-0.48
EPS Growth Rate	-84.38	%
Dividends PS Growth Rate	-	%
Net Debt	104.70	m
Gross Gearing	89.22	%
Quick Assets	111.90	m
Net Working Capital	17.40	m
Intangibles / Fixed Assets	75.98	%
Turnover PS	539.89	p
Pre-Tax Profit PS	2.79	p
Retained Profit PS	-1.63	p
Cash PS	58.67	p
Net Cash PS	-162.27	p
Net Tangible Asset Value PS *	-22.35	p
Net Asset Value PS	36.55	p
Spread	3.50 (2.98%)
* 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.

Tclarke Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	116.00	109.00
4 weeks	116.00	99.80
12 weeks	116.00	84.00
1 year	116.00	76.60

Share Price Chart (5 years)

Tclarke Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	109.00	6.75	6.19	109.00	0.03		113.05
4 weeks	104.00	11.75	11.30	99.80	0.10		110.10
12 weeks	92.00	23.75	25.82	84.00	0.07		102.07
26 weeks	87.40	28.35	32.44	80.00	0.06		98.58
1 year	90.20	25.55	28.33	76.60	0.06		96.64
3 years	81.90	33.85	41.33	71.00	0.09		100.53
5 years	89.00	26.75	30.06	52.00	0.09		92.94
† periods calculated are whole weeks rather than calendar months

Tclarke Key Management Ratios

Tclarke Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	31.02
PE Ratio	40.33
Tobin's Q Ratio	0.35
Tobin's Q Ratio (excl. intangibles)	0.43
Dividend Yield	3.80	%
Market-to-Book Ratio	3.17
Price-to-Pre-Tax Profit PS	41.43
Price-to-Retained Profit PS	-71.03
Price-to-Cash Flow PS	13.44
Price-to-Sales PS	0.21
Price-to-Net Tangible Asset Value PS	-5.18
Price-to-Cash PS	1.97
Net Working Capital PS	40.51
Price Pct to Working Capital PS	2.86	%
Earnings Yield	2.48	%
Average PE	13.00
Years in average	5
PE to PE average	310.34	%

Tclarke Financial Ratios

(Leverage Ratios)
Debt Ratio	69.03	%
Debt-to-Equity Ratio	2.23
Debt-to-Equity Ratio (excl. Intgbl)	-3.65
Debt-to-Equity Market Value	0.70
Net Gearing	71.91	%
Net Gearing (excl. Intangibles)	87.03	%
Gross Gearing	89.22	%
Gross Gearing (excl. Intangibles)	107.98	%
Gearing Under 1 Year	65.18	%
Gearing Under 1 Year (excl. Intgbl)	78.89	%
Assets/Equity	9.27
Cash/Equity	160.51
(Liquidity Ratios)
Net Working Capital to Total Assets	11.95	%
Current Ratio	1.18
Quick Ratio (Acid Test)	1.18
Liquidity Ratio	0.27
Cash & Equiv/Current Assets	22.44	%
(Solvency Ratios)
Enterprise Value	59.52	m
CFO/Sales	0.02
CFO/Attributable Profit	3.08
CFO/Assets	0.03
CFO/Debt	0.03
Total Debt/Equity Market Value	2.61
Total Debt/Sales	0.56
Total Debt/Pre-Tax Profit	108.25
Total Debt	129.90	m
Total Debt/Net Current Assets	7.47	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	8

Beta (60-Mnth)	Beta (36-Mnth)
0.0103	0.0151

Tclarke Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	2.37	%
Return On Assets (ROA)	0.85	%
Net Profit Margin	0.52	%
Assets Turnover	1.63
Return On Equity (ROE)	7.64	%
Return On Investment (ROI)	2.33	%
Dividend Payout Ratio	153.31	%
Plowback Ratio	-53.31	%
Growth from Plowback Ratio	-3.31	%
Net Income Of Revenues	-0.30	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	12.02
Fixed Assets Turnover	6.84
Current Assets Turnover	2.15
Net Working Capital Turnover
Inventory Turnover	773.00
(Other Operating Ratios)
Total Assets-to-Sales	0.61
Debtors-to-Sales	38.38	%
Debt Collection Period	140.08	Days

Tclarke Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
24 Mar 2021	Final	GBX	3.65	31/12/2019	31/12/2020	22/04/2021	23/04/2021	21/05/2021	4.40
01 Oct 2020	Interim	GBX	0.75	31/12/2019	31/12/2020	15/10/2020	16/10/2020	13/11/2020	-
28 May 2020	Final	GBX	3.65	31/12/2018	31/12/2019	18/06/2020	19/06/2020	17/07/2020	4.40
01 Aug 2019	Interim	GBX	0.75	31/12/2018	31/12/2019	05/09/2019	06/09/2019	04/10/2019	-
26 Mar 2019	Final	GBX	3.34	31/12/2017	31/12/2018	25/04/2019	26/04/2019	24/05/2019	4.00
07 Aug 2018	Interim	GBX	0.66	31/12/2017	31/12/2018	06/09/2018	07/09/2018	05/10/2018	-
27 Mar 2018	Final	GBX	2.90	31/12/2016	31/12/2017	26/04/2018	27/04/2018	25/05/2018	3.50
08 Aug 2017	Interim	GBX	0.60	31/12/2016	31/12/2017	07/09/2017	08/09/2017	06/10/2017	-
28 Mar 2017	Final	GBX	2.70	31/12/2015	31/12/2016	17/04/2017	18/04/2017	12/05/2017	3.20
02 Aug 2016	Interim	GBX	0.50	31/12/2015	31/12/2016	08/09/2016	09/09/2016	07/10/2016	-
22 Mar 2016	Final	GBX	2.60	31/12/2014	31/12/2015	14/04/2016	15/04/2016	13/05/2016	3.10
04 Aug 2015	Interim	GBX	0.50	31/12/2014	31/12/2015	10/09/2015	11/09/2015	09/10/2015	-
24 Mar 2015	Final	GBX	2.60	31/12/2013	31/12/2014	16/04/2015	17/04/2015	15/05/2015	3.10
05 Aug 2014	Interim	GBX	0.50	31/12/2013	31/12/2014	10/09/2014	12/09/2014	10/10/2014	-
18 Mar 2014	Final	GBX	2.10	31/12/2012	31/12/2013	20/04/2014	22/04/2014	16/05/2014	3.10
06 Aug 2013	Interim	GBX	1.00	31/12/2012	31/12/2013	11/09/2013	13/09/2013	11/10/2013	-
19 Mar 2013	Final	GBX	2.00	31/12/2011	31/12/2012	17/04/2013	19/04/2013	17/05/2013	3.00
07 Aug 2012	Interim	GBX	1.00	31/12/2011	31/12/2012	12/09/2012	14/09/2012	12/10/2012	-
20 Mar 2012	Final	GBX	2.00	31/12/2010	31/12/2011	18/04/2012	20/04/2012	18/05/2012	3.00
26 Aug 2011	Interim	GBX	1.00	31/12/2010	31/12/2011	14/09/2011	16/09/2011	14/10/2011	-
18 Mar 2011	Final	GBX	4.25	31/12/2009	31/12/2010	20/04/2011	26/04/2011	20/05/2011	8.50
27 Aug 2010	Interim	GBX	4.25	31/12/2009	31/12/2010	08/09/2010	10/09/2010	08/10/2010	-
19 Mar 2010	Final	GBX	8.75	31/12/2008	31/12/2009	14/04/2010	16/04/2010	14/05/2010	13.00
21 Aug 2009	Interim	GBX	4.25	30/12/2008	30/06/2009	02/09/2009	04/09/2009	02/10/2009	-
19 Mar 2009	Final	GBX	8.75	31/12/2007	31/12/2008	08/04/2009	10/04/2009	13/05/2009	13.00
29 Aug 2008	Interim	GBX	3.90	30/12/2007	30/06/2008	10/09/2008	12/09/2008	10/10/2008	-
28 Mar 2008	Final	GBX	8.10	31/12/2006	31/12/2007	09/04/2008	11/04/2008	09/05/2008	12.00
17 Aug 2007	Interim	GBX	3.90	30/12/2006	30/06/2007	29/08/2007	31/08/2007	28/09/2007	-
08 Mar 2007	Final	GBX	7.35	31/12/2005	31/12/2006	04/04/2007	10/04/2007	08/05/2007	11.03
18 Aug 2006	Interim	GBX	3.68	30/12/2005	30/06/2006	30/08/2006	01/09/2006	20/09/2006	-
09 Mar 2006	Final	GBX	7.00	31/12/2004	31/12/2005	05/04/2006	07/04/2006	08/05/2006	10.50
19 Aug 2005	Interim	GBX	3.50	30/12/2004	30/06/2005	31/08/2005	02/09/2005	21/09/2005	-
11 Mar 2005	Final	GBX	20.00	31/12/2003	31/12/2004	13/04/2005	15/04/2005	09/05/2005	30.00
20 Aug 2004	Interim	GBX	10.00	30/12/2003	30/06/2004	25/08/2004	27/08/2004	20/09/2004	-
12 Mar 2004	Final	GBX	19.00	31/12/2002	31/12/2003	14/04/2004	16/04/2004	10/05/2004	8.33
15 Aug 2003	Special	GBX	10.00	30/12/2002	30/06/2003	27/08/2003	29/08/2003	15/09/2003	-
15 Aug 2003	Interim	GBX	7.00	30/12/2002	30/06/2003	27/08/2003	29/08/2003	15/09/2003	-
07 Mar 2003	Final	GBX	18.00	31/12/2001	31/12/2002	09/04/2003	11/04/2003	06/05/2003	8.33
23 Aug 2002	Interim	GBX	7.00	30/12/2001	30/06/2002	04/09/2002	06/09/2002	16/09/2002	-
08 Mar 2002	Final	GBX	15.00	31/12/2000	31/12/2001	17/04/2002	19/04/2002	07/05/2002	6.67
24 Aug 2001	Interim	GBX	5.00	30/12/2000	30/06/2001	05/09/2001	07/09/2001	17/09/2001	-
09 Mar 2001	Final	GBX	11.70	31/12/1999	31/12/2000	25/04/2001	27/04/2001	08/05/2001	5.16
18 Aug 2000	Interim	GBX	3.80	30/12/1999	30/06/2000	29/08/2000	04/09/2000	11/09/2000	-
03 Mar 2000	Final	GBX	8.90	31/12/1998	31/12/1999	10/04/2000	14/04/2000	08/05/2000	4.07
20 Aug 1999	Interim	GBX	3.31	30/12/1998	30/06/1999	31/08/1999	06/09/1999	13/09/1999	-
25 Feb 1999	Final	GBX	5.60	31/12/1997	31/12/1998	12/04/1999	16/04/1999	10/05/1999	2.71
25 Feb 1999	Special	GBX	12.20	31/12/1997	31/12/1998	12/04/1999	16/04/1999	10/05/1999	-
21 Aug 1998	Interim	GBX	2.54	30/12/1997	30/06/1998	01/09/1998	07/09/1998	15/09/1998	-
26 Feb 1998	Final	GBX	4.07	31/12/1996	31/12/1997	14/04/1998	20/04/1998	05/05/1998	2.04

Tclarke Fundamentals

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
turnover	311.20	100.00%	326.80	100.00%	334.60	100.00%	231.90	100.00%	m
pre tax profit	7.10	2.28%	7.80	2.39%	9.00	2.69%	1.20	0.52%	m
attributable profit	5.60	1.80%	6.20	1.90%	7.80	2.33%	1.20	0.52%	m
retained profit	4.20	1.35%	4.70	1.44%	6.10	1.82%	-0.70	-0.30%	m
eps - basic (p)	13.44		14.99		18.37		2.87
eps - diluted (p)	13.44		14.61		17.49		2.69
dividends per share	3.50		4.00		4.40		4.40

Tclarke Balance Sheet

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)


	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
ASSETS
fixed assets	4.90	3.38%	4.90	3.44%	9.00	6.50%	8.00	5.49%	m
intangibles	25.30	17.46%	25.70	18.06%	25.50	18.42%	25.30	17.38%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	0.50	0.35%	0.30	0.21%	0.20	0.14%	0.40	0.27%	m
debtors	97.50	67.29%	99.00	69.57%	91.30	65.97%	86.70	59.55%	m
cash & securities	16.70	11.53%	12.40	8.71%	12.40	8.96%	25.20	17.31%	m

TOTAL	144.90	100%	142.30	100%	138.40	100%	145.60	100%	m

LIABILITIES
creditors - short	100.10	69.08%	97.20	68.31%	86.30	62.36%	94.90	65.18%	m
creditors - long	28.40	19.60%	23.00	16.16%	29.20	21.10%	35.00	24.04%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	128.50	88.68%	120.20	84.47%	115.50	83.45%	129.90	89.22%	m

EQUITY
ord cap, reserves	16.40	11.32%	22.10	15.53%	22.90	16.55%	15.70	10.78%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	16.40	11.32%	22.10	15.53%	22.90	16.55%	15.70	10.78%	m

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

Tclarke Cash Flow Statement

	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)
Operating CF	6.80	3.50	3.90	3.70	m
Pre-Financing CF	3.70	2.50	3.60	1.50	m
Retained CF	4.40	-4.30	-	12.80	m

Tclarke Brokers

Name	Activity	Type	Mnemonic	Code
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC