4imprint (FOUR)

Company name:	4imprint Group Plc
EPIC:	FOUR	Trading Currency:	GBX
Market Sector:	F25T	ISIN:	GB0006640972
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.4imprint.com/	Description:	ORD 38 6/13P
Industry Sector:	MEDIA

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
2,475.00	-25.0 [-1.00]	2,465.00	2,475.00	2,375.00	2,535.00	2,375.00	5,999
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
692.15	27.97	0.44	108.80	66.68	22.75	2.69	3,280.00 - 1,080.00

4imprint Key Figures

(at previous day's close)
Market Cap.	692.15	m
Shares In Issue	27.97	m
Prev. Close	2,500.00
PE Ratio	22.75
Dividend Yield	2.69	%
EPS - basic	108.80	p
Dividend PS	66.68	p
Dividend Cover	1.75
Cash Flow PS	127.62	p
Return On Equity (ROE)	67.86	%
Operating Margin	6.27	%
PEG Factor	1.07
EPS Growth Rate	21.34	%
Dividends PS Growth Rate	-	%
Net Debt	25.53	m
Gross Gearing	54.21	%
Quick Assets	75.32	m
Net Working Capital	37.56	m
Intangibles / Fixed Assets	11.40	%
Turnover PS	2,353.39	p
Pre-Tax Profit PS	147.61	p
Retained Profit PS	60.30	p
Cash PS	112.46	p
Net Cash PS	-53.86	p
Net Tangible Asset Value PS *	163.51	p
Net Asset Value PS	172.09	p
Spread	10.00 (0.40%)
* 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.

4imprint Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	2,665.00	2,315.00
4 weeks	2,665.00	2,300.00
12 weeks	2,900.00	2,205.00
1 year	3,280.00	1,080.00

Share Price Chart (5 years)

4imprint Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	2,385.00	90.00	3.77	2,315.00	0.04		2,498.58
4 weeks	2,310.00	165.00	7.14	2,300.00	0.03		2,479.99
12 weeks	2,900.00	-425.00	-14.66	2,205.00	0.04		2,503.23
26 weeks	2,070.00	405.00	19.57	1,718.00	0.05		2,254.59
1 year	3,100.00	-625.00	-20.16	1,080.00	0.05		2,191.15
3 years	1,905.00	570.00	29.92	1,080.00	0.04		2,267.56
5 years	1,140.00	1,335.00	117.11	1,080.00	0.03		2,125.28
† periods calculated are whole weeks rather than calendar months

4imprint Key Management Ratios

4imprint Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	12.06
PE Ratio	22.75
Tobin's Q Ratio	5.59
Tobin's Q Ratio (excl. intangibles)	5.69
Dividend Yield	2.69	%
Market-to-Book Ratio	14.38
Price-to-Pre-Tax Profit PS	16.77
Price-to-Retained Profit PS	41.04
Price-to-Cash Flow PS	19.39
Price-to-Sales PS	1.05
Price-to-Net Tangible Asset Value PS	15.14
Price-to-Cash PS	22.01
Net Working Capital PS	134.31
Price Pct to Working Capital PS	18.43	%
Earnings Yield	4.40	%
Average PE	18.37
Years in average	5
PE to PE average	123.83	%

4imprint Financial Ratios

(Leverage Ratios)
Debt Ratio	17.86	%
Debt-to-Equity Ratio	0.22
Debt-to-Equity Ratio (excl. Intgbl)	0.23
Debt-to-Equity Market Value	0.02
Net Gearing	24.29	%
Net Gearing (excl. Intangibles)	24.86	%
Gross Gearing	54.21	%
Gross Gearing (excl. Intangibles)	55.48	%
Gearing Under 1 Year	44.25	%
Gearing Under 1 Year (excl. Intgbl)	45.29	%
Assets/Equity	2.18
Cash/Equity	65.35
(Liquidity Ratios)
Net Working Capital to Total Assets	35.74	%
Current Ratio	1.81
Quick Ratio (Acid Test)	1.62
Liquidity Ratio	0.68
Cash & Equiv/Current Assets	37.41	%
(Solvency Ratios)
Enterprise Value	671.16	m
CFO/Sales	0.05
CFO/Attributable Profit	1.09
CFO/Assets	0.34
CFO/Debt	0.63
Total Debt/Equity Market Value	0.08
Total Debt/Sales	0.09
Total Debt/Pre-Tax Profit	1.38
Total Debt	56.98	m
Total Debt/Net Current Assets	1.52	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	13.90	%
5 yr Compound Earnings Growth	13.41	%
10 yr Compound Earnings Growth	19.05	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.4431	0.3953

4imprint Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	70.45	%
Return On Assets (ROA)	26.40	%
Net Profit Margin	4.96	%
Assets Turnover	5.32
Return On Equity (ROE)	67.86	%
Return On Investment (ROI)	48.08	%
Dividend Payout Ratio	57.22	%
Plowback Ratio	42.78	%
Growth from Plowback Ratio	26.31	%
Net Income Of Revenues	2.56	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	12.39
Fixed Assets Turnover	27.65
Current Assets Turnover	6.59
Net Working Capital Turnover
Inventory Turnover	61.70
(Other Operating Ratios)
Total Assets-to-Sales	0.19
Debtors-to-Sales	8.35	%
Debt Collection Period	30.47	Days

4imprint Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
03 Mar 2020	Final	GBX	46.16	28/12/2018	28/12/2019	13/04/2020	14/04/2020	15/05/2020	66.68
31 Jul 2019	Interim	GBX	20.52	29/12/2018	29/06/2019	08/08/2019	09/08/2019	17/09/2019	-
05 Mar 2019	Final	GBX	53.15	31/12/2017	31/12/2018	04/04/2019	05/04/2019	15/05/2019	69.00
31 Jul 2018	Interim	GBX	15.85	30/12/2017	30/06/2018	09/08/2018	10/08/2018	18/09/2018	-
07 Mar 2018	Final	GBX	28.78	30/12/2016	30/12/2017	02/04/2018	03/04/2018	11/05/2018	42.58
07 Mar 2018	Special	GBX	43.17	30/12/2016	30/12/2017	02/04/2018	03/04/2018	11/05/2018	-
01 Aug 2017	Interim	GBX	13.80	01/01/2017	01/07/2017	17/08/2017	18/08/2017	14/09/2017	-
08 Mar 2017	Final	GBX	29.52	31/12/2015	31/12/2016	06/04/2017	07/04/2017	12/05/2017	41.82
02 Aug 2016	Interim	GBX	12.30	02/01/2016	02/07/2016	18/08/2016	19/08/2016	15/09/2016	-
09 Mar 2016	Final	GBX	18.82	02/01/2015	02/01/2016	07/04/2016	08/04/2016	13/05/2016	26.57
29 Jul 2015	Interim	GBX	7.75	27/12/2014	27/06/2015	13/08/2015	14/08/2015	11/09/2015	-
04 Mar 2015	Final	GBX	14.25	27/12/2013	27/12/2014	09/04/2015	10/04/2015	13/05/2015	20.45
30 Jul 2014	Interim	GBX	6.20	28/12/2013	28/06/2014	13/08/2014	15/08/2014	12/09/2014	-
05 Mar 2014	Final	GBX	11.40	28/12/2012	28/12/2013	09/04/2014	11/04/2014	09/05/2014	17.00
31 Jul 2013	Interim	GBX	5.60	29/12/2012	29/06/2013	07/08/2013	09/08/2013	13/09/2013	-
05 Mar 2013	Final	GBX	10.20	29/12/2011	29/12/2012	03/04/2013	05/04/2013	03/05/2013	15.45
02 Aug 2012	Interim	GBX	5.25	30/12/2011	30/06/2012	08/08/2012	10/08/2012	14/09/2012	-
07 Mar 2012	Final	GBX	9.60	31/12/2010	31/12/2011	04/04/2012	10/04/2012	09/05/2012	18.60
03 Aug 2011	Interim	GBX	9.00	02/01/2011	02/07/2011	10/08/2011	12/08/2011	16/09/2011	-
02 Mar 2011	Final	GBX	9.00	01/01/2010	01/01/2011	30/03/2011	01/04/2011	04/05/2011	13.70
04 Aug 2010	Interim	GBX	4.70	03/01/2010	03/07/2010	11/08/2010	13/08/2010	15/09/2010	-
25 Feb 2010	Final	GBX	8.50	02/01/2009	02/01/2010	24/03/2010	26/03/2010	29/04/2010	12.75
25 Feb 2009	Final	GBX	8.00	27/12/2007	27/12/2008	25/03/2009	27/03/2009	28/04/2009	12.00
07 Aug 2008	Interim	GBX	4.25	28/12/2007	28/06/2008	13/08/2008	15/08/2008	16/09/2008	-
10 Mar 2008	Final	GBX	8.00	31/12/2006	31/12/2007	26/03/2008	08/03/2008	28/04/2008	12.00
31 Jul 2007	Interim	GBX	4.00	30/12/2006	30/06/2007	08/08/2007	10/08/2007	31/08/2007	-
25 Feb 2007	Final	GBX	6.25	31/12/2005	31/12/2006	21/03/2007	23/03/2007	23/04/2007	9.50
02 Aug 2006	Interim	GBX	3.25	30/12/2005	30/06/2006	09/08/2006	11/08/2006	06/09/2006	-
09 Mar 2006	Final	GBX	4.50	31/12/2004	31/12/2005	22/03/2006	24/03/2006	21/04/2006	7.00
05 Aug 2005	Interim	GBX	2.50	30/12/2004	30/06/2005	17/08/2005	19/08/2005	14/09/2005	-
21 Feb 2005	Final	GBX	3.50	31/12/2003	31/12/2004	09/03/2005	11/03/2005	08/04/2005	5.25
21 Sep 2004	Interim	GBX	1.75	26/12/2003	26/06/2004	13/10/2004	15/10/2004	08/11/2004	-
29 Mar 2004	Final	GBX	3.00	27/12/2002	27/12/2003	28/04/2004	30/04/2004	27/05/2004	4.00
27 Aug 2003	Interim	GBX	1.00	28/12/2002	28/06/2003	15/10/2003	17/10/2003	10/11/2003	-
13 Mar 2003	Final	GBX	1.25	28/12/2001	28/12/2002	30/04/2003	02/05/2003	29/05/2003	2.25
24 Sep 2002	Interim	GBX	1.00	29/12/2001	29/06/2002	16/10/2002	18/10/2002	11/11/2002	-
20 Mar 2002	Final	GBX	1.25	29/12/2000	29/12/2001	01/05/2002	03/05/2002	30/05/2002	2.25
18 Sep 2001	Interim	GBX	1.00	30/12/2000	30/06/2001	17/10/2001	19/10/2001	12/11/2001	-
20 Mar 2001	Final	GBX	12.20	31/12/1999	31/12/2000	25/04/2001	27/04/2001	25/05/2001	18.65
19 Sep 2000	Interim	GBX	6.45	01/01/2000	01/07/2000	16/10/2000	20/10/2000	13/11/2000	-
03 Mar 2000	Final	GBX	12.20	31/12/1998	31/12/1999	17/04/2000	25/04/2000	22/05/2000	18.65
01 Sep 1999	Interim	GBX	6.45	03/01/1999	03/07/1999	18/10/1999	22/10/1999	15/11/1999	-
29 Mar 1999	Final	GBX	11.35	31/12/1997	31/12/1998	12/04/1999	16/04/1999	17/05/1999	17.50
21 Sep 1998	Interim	GBX	6.15	27/12/1997	27/06/1998	26/10/1998	30/10/1998	23/11/1998	-
23 Mar 1998	Final	GBX	10.50	27/12/1996	27/12/1997	06/04/1998	14/04/1998	18/05/1998	16.25

4imprint Fundamentals

	31 Dec 2016 (USD)		30 Dec 2017 (USD)		29 Dec 2018 (USD)		28 Dec 2019 (USD)
turnover	558.22	100.00%	627.52	100.00%	738.42	100.00%	860.84	100.00%	m
pre tax profit	34.15	6.12%	40.66	6.48%	44.15	5.98%	53.99	6.27%	m
attributable profit	24.48	4.39%	28.93	4.61%	35.19	4.77%	42.72	4.96%	m
retained profit	12.34	2.21%	13.08	2.08%	2.21	0.30%	22.06	2.56%	m
eps - basic	87.27		103.15		125.61		152.42
eps - diluted	87.02		102.84		125.22		151.87
dividends per share	41.82		42.58		-		66.68

4imprint Balance Sheet

	31 Dec 2016 (USD)		30 Dec 2017 (USD)		29 Dec 2018 (USD)		28 Dec 2019 (USD)


	31 Dec 2016 (USD)		30 Dec 2017 (USD)		29 Dec 2018 (USD)		28 Dec 2019 (USD)
ASSETS
fixed assets	18.94	20.88%	18.83	17.31%	19.01	17.29%	24.37	17.73%	m
intangibles	1.08	1.19%	1.14	1.05%	1.08	0.99%	3.14	2.28%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	4.18	4.61%	5.36	4.92%	9.88	8.98%	11.46	8.33%	m
debtors	44.83	49.42%	52.69	48.44%	52.51	47.75%	57.38	41.74%	m
cash & securities	21.68	23.90%	30.77	28.28%	27.48	24.99%	41.14	29.92%	m

TOTAL	90.71	100%	108.78	100%	109.97	100%	137.48	100%	m

LIABILITIES
creditors - short	40.36	44.50%	47.82	43.96%	50.75	46.15%	60.84	44.25%	m
creditors - long	21.02	23.18%	18.87	17.35%	15.95	14.50%	13.69	9.96%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	61.39	67.67%	66.69	61.31%	66.70	60.65%	74.53	54.21%	m

EQUITY
ord cap, reserves	29.33	32.33%	42.09	38.69%	43.27	39.35%	62.95	45.79%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	29.33	32.33%	42.09	38.69%	43.27	39.35%	62.95	45.79%	m

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

4imprint Cash Flow Statement

	31 Dec 2016 (USD)	30 Dec 2017 (USD)	29 Dec 2018 (USD)	28 Dec 2019 (USD)
Operating CF	19.67	28.03	34.03	46.68	m
Pre-Financing CF	16.40	25.67	31.18	38.50	m
Retained CF	4.33	8.47	-2.27	13.59	m

4imprint Brokers

Name	Activity	Type	Mnemonic	Code
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC