Gooch & Housego (GHH)

Company name:	Gooch & Housego Plc
EPIC:	GHH	Trading Currency:	GBX
Market Sector:	AS50	ISIN:	GB0002259116
Market Segment:	AMSM	Share Type:	DE
WWW Address:	http://www.goochandhousego.com/	Description:	ORD 20P
Industry Sector:	ELECTRONIC & ELECTRICAL EQUIPMENT

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
1,055.00	20.0 [1.93]	1,020.00	1,090.00	1,060.00	1,090.00	1,025.00	4,432
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
264.18	25.04	0.55	15.10	11.50	69.87	1.09	1,480.00 - 650.00

Gooch & Housego Key Figures

(at previous day's close)
Market Cap.	264.18	m
Shares In Issue	25.04	m
Prev. Close	1,035.00
PE Ratio	69.87
Dividend Yield	1.09	%
EPS - basic	15.10	p
Dividend PS	11.50	p
Dividend Cover	1.31
Cash Flow PS	46.51	p
Return On Equity (ROE)	3.33	%
Operating Margin	4.61	%
PEG Factor	-1.44
EPS Growth Rate	-48.46	%
Dividends PS Growth Rate	1.77	%
Net Debt	53.42	m
Gross Gearing	38.60	%
Quick Assets	52.24	m
Net Working Capital	55.70	m
Intangibles / Fixed Assets	59.66	%
Turnover PS	515.69	p
Pre-Tax Profit PS	23.77	p
Retained Profit PS	3.64	p
Cash PS	69.93	p
Net Cash PS	-49.28	p
Net Tangible Asset Value PS *	216.63	p
Net Asset Value PS	450.63	p
Spread	70.00 (6.42%)
* 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.

Gooch & Housego Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	1,090.00	992.00
4 weeks	1,090.00	950.00
12 weeks	1,140.00	950.00
1 year	1,480.00	650.00

Share Price Chart (5 years)

Gooch & Housego Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,055.00	-	-	992.00	0.01		1,020.84
4 weeks	1,070.00	-15.00	-1.40	950.00	0.03		997.78
12 weeks	1,030.00	25.00	2.43	950.00	0.02		1,015.58
26 weeks	1,055.00	-	-	932.00	0.02		1,036.82
1 year	1,120.00	-65.00	-5.80	650.00	0.02		1,093.79
3 years	1,375.00	-320.00	-23.27	650.00	0.03		1,327.35
5 years	854.50	200.50	23.46	650.00	0.03		1,238.96
† periods calculated are whole weeks rather than calendar months

Gooch & Housego Key Management Ratios

Gooch & Housego Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	23.34
PE Ratio	69.87
Tobin's Q Ratio	1.43
Tobin's Q Ratio (excl. intangibles)	2.16
Dividend Yield	1.09	%
Market-to-Book Ratio	2.34
Price-to-Pre-Tax Profit PS	44.39
Price-to-Retained Profit PS	289.67
Price-to-Cash Flow PS	22.68
Price-to-Sales PS	2.05
Price-to-Net Tangible Asset Value PS	4.87
Price-to-Cash PS	15.09
Net Working Capital PS	222.44
Price Pct to Working Capital PS	4.74	%
Earnings Yield	1.43	%
Average PE	40.34
Years in average	4
PE to PE average	173.18	%

Gooch & Housego Financial Ratios

(Leverage Ratios)
Debt Ratio	26.69	%
Debt-to-Equity Ratio	0.36
Debt-to-Equity Ratio (excl. Intgbl)	0.76
Debt-to-Equity Market Value	0.16
Net Gearing	29.07	%
Net Gearing (excl. Intangibles)	42.67	%
Gross Gearing	38.60	%
Gross Gearing (excl. Intangibles)	56.66	%
Gearing Under 1 Year	16.24	%
Gearing Under 1 Year (excl. Intgbl)	23.85	%
Assets/Equity	1.63
Cash/Equity	15.52
(Liquidity Ratios)
Net Working Capital to Total Assets	30.31	%
Current Ratio	2.87
Quick Ratio (Acid Test)	1.75
Liquidity Ratio	0.59
Cash & Equiv/Current Assets	20.47	%
(Solvency Ratios)
Enterprise Value	287.75	m
CFO/Sales	0.09
CFO/Attributable Profit	3.10
CFO/Assets	0.06
CFO/Debt	0.16
Total Debt/Equity Market Value	0.27
Total Debt/Sales	0.55
Total Debt/Pre-Tax Profit	11.92
Total Debt	70.93	m
Total Debt/Net Current Assets	1.27	%
(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)
0.5453	0.4299

Gooch & Housego Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	3.87	%
Return On Assets (ROA)	2.04	%
Net Profit Margin	2.91	%
Assets Turnover	0.70
Return On Equity (ROE)	3.33	%
Return On Investment (ROI)	2.45	%
Dividend Payout Ratio	76.16	%
Plowback Ratio	23.84	%
Growth from Plowback Ratio	0.81	%
Net Income Of Revenues	0.71	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.17
Fixed Assets Turnover	1.28
Current Assets Turnover	1.55
Net Working Capital Turnover
Inventory Turnover	4.47
(Other Operating Ratios)
Total Assets-to-Sales	1.43
Debtors-to-Sales	27.76	%
Debt Collection Period	101.33	Days

Gooch & Housego Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
03 Dec 2019	Final	GBX	7.20	30/09/2018	30/09/2019	23/01/2020	24/01/2020	28/02/2020	11.50
04 Jun 2019	Interim	GBX	4.30	01/10/2018	31/03/2019	20/06/2019	21/06/2019	26/07/2019	-
27 Nov 2018	Final	GBX	7.10	30/09/2017	30/09/2018	24/01/2019	25/01/2019	01/03/2019	11.30
05 Jun 2018	Interim	GBX	4.20	01/10/2017	31/03/2018	21/06/2018	22/06/2018	27/07/2018	-
28 Nov 2017	Final	GBX	6.50	30/09/2016	30/09/2017	25/01/2018	26/01/2018	02/03/2018	10.20
06 Jun 2017	Interim	GBX	3.70	01/10/2016	31/03/2017	22/06/2017	23/06/2017	17/07/2017	-
29 Nov 2016	Final	GBX	5.70	30/09/2015	30/09/2016	15/12/2016	16/12/2016	03/03/2017	9.00
07 Jun 2016	Interim	GBX	3.30	01/10/2015	31/03/2016	23/06/2016	24/06/2016	18/07/2016	-
01 Dec 2015	Final	GBX	5.20	30/09/2014	30/09/2015	17/12/2015	18/12/2015	03/03/2016	8.20
09 Jun 2015	Interim	GBX	3.00	01/10/2014	31/03/2015	25/06/2015	26/06/2015	20/07/2015	-
03 Dec 2014	Final	GBX	4.60	30/09/2013	30/09/2014	18/12/2014	19/12/2014	05/03/2015	7.20
10 Jun 2014	Interim	GBX	2.60	01/10/2013	31/03/2014	25/06/2014	27/06/2014	21/07/2014	-
03 Dec 2013	Final	GBX	4.00	30/09/2012	30/09/2013	05/02/2014	07/02/2014	28/02/2014	6.30
11 Jun 2013	Interim	GBX	2.30	01/10/2012	31/03/2013	19/06/2013	21/06/2013	26/07/2013	-
27 Nov 2012	Final	GBX	3.20	30/09/2011	30/09/2012	23/01/2013	25/01/2013	01/03/2013	5.20
12 Jun 2012	Interim	GBX	2.00	01/10/2011	31/03/2012	20/06/2012	22/06/2012	27/07/2012	-
29 Nov 2011	Final	GBX	3.00	30/09/2010	30/09/2011	25/01/2012	27/01/2012	02/03/2012	5.00
08 Jun 2011	Interim	GBX	2.00	01/10/2010	31/03/2011	15/06/2011	17/06/2011	15/07/2011	-
02 Dec 2010	Final	GBX	3.00	30/09/2009	30/09/2010	12/01/2011	14/01/2011	02/03/2011	3.00
25 Nov 2008	Final	GBX	3.00	30/09/2007	30/09/2008	05/12/2008	07/12/2008	26/02/2009	4.50
17 Jun 2008	Interim	GBX	1.50	01/10/2007	31/03/2008	25/06/2008	27/06/2008	01/08/2008	-
27 Nov 2007	Final	GBX	3.00	30/09/2006	30/09/2007	05/12/2007	07/12/2007	14/02/2008	4.50
04 Jun 2007	Interim	GBX	1.50	01/10/2006	31/03/2007	13/06/2007	15/06/2007	27/07/2007	-
29 Nov 2006	Final	GBX	2.80	30/09/2005	30/09/2006	06/12/2006	08/12/2006	16/02/2007	4.20
05 Jun 2006	Interim	GBX	1.40	01/10/2005	31/03/2006	14/06/2006	16/06/2006	14/07/2006	-
07 Dec 2005	Final	GBX	2.60	30/09/2004	30/09/2005	14/12/2005	16/12/2005	16/02/2006	3.90
08 Jun 2005	Interim	GBX	1.30	01/10/2004	31/03/2005	15/06/2005	17/06/2005	15/07/2005	-
15 Dec 2004	Final	GBX	2.40	30/09/2003	30/09/2004	22/12/2004	24/12/2004	17/02/2005	3.60
17 Jun 2004	Interim	GBX	1.20	01/10/2003	31/03/2004	30/06/2004	02/07/2004	25/07/2004	-
02 Dec 2003	Final	GBX	2.00	30/09/2002	30/09/2003	10/12/2003	12/12/2003	12/02/2004	3.10
10 Jun 2003	Interim	GBX	1.10	01/10/2002	31/03/2003	25/06/2003	27/06/2003	18/07/2003	-
16 Dec 2002	Final	GBX	2.00	30/09/2001	30/09/2002	29/12/2002	31/12/2002	14/02/2003	3.00
18 Jun 2002	Interim	GBX	1.00	01/10/2001	31/03/2002	24/06/2002	26/06/2002	26/07/2002	-
20 Dec 2001	Final	GBX	1.90	30/09/2000	30/09/2001	02/01/2002	04/01/2002	15/02/2002	2.80
11 Jun 2001	Interim	GBX	0.90	01/10/2000	31/03/2001	20/06/2001	22/06/2001	27/07/2001	-
14 Dec 2000	Final	GBX	1.55	30/09/1999	30/09/2000	27/12/2000	03/01/2001	08/02/2001	2.30
14 Jun 2000	Interim	GBX	0.75	01/10/1999	31/03/2000	26/06/2000	30/06/2000	27/07/2000	-
20 Jan 2000	Final	GBX	1.30	30/09/1998	30/09/1999	31/01/2000	04/02/2000	02/03/2000	1.90
08 Jun 1998	Interim	GBX	0.50	01/10/1997	31/03/1998	15/06/1998	19/06/1998	16/07/1998	-

Gooch & Housego Fundamentals

	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)
turnover	86.05	100.00%	112.02	100.00%	124.88	100.00%	129.13	100.00%	m
pre tax profit	10.10	11.73%	12.60	11.25%	10.11	8.10%	5.95	4.61%	m
attributable profit	7.05	8.19%	8.89	7.94%	7.22	5.78%	3.76	2.91%	m
retained profit	4.99	5.80%	6.60	5.89%	4.57	3.66%	0.91	0.71%	m
eps - basic (p)	29.10		36.40		29.30		15.10
eps - diluted (p)	28.60		35.80		29.30		15.00
dividends per share	9.00		10.20		11.30		11.50

Gooch & Housego Balance Sheet

	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)


	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)
ASSETS
fixed assets	32.38	24.87%	33.89	22.69%	38.32	20.72%	39.62	21.56%	m
intangibles	29.92	22.98%	40.25	26.95%	65.73	35.55%	58.60	31.89%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	18.97	14.57%	21.08	14.11%	24.45	13.22%	33.31	18.13%	m
debtors	25.75	19.78%	27.69	18.54%	36.97	20.00%	34.73	18.90%	m
cash & securities	23.17	17.80%	26.43	17.69%	19.43	10.51%	17.51	9.53%	m

TOTAL	130.19	100%	149.34	100%	184.90	100%	183.77	100%	m

LIABILITIES
creditors - short	21.46	16.48%	29.52	19.77%	32.41	17.53%	29.85	16.24%	m
creditors - long	18.56	14.25%	21.68	14.52%	44.65	24.15%	41.08	22.35%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	40.02	30.74%	51.20	34.29%	77.06	41.67%	70.93	38.60%	m

EQUITY
ord cap, reserves	90.17	69.26%	98.14	65.71%	107.85	58.33%	112.84	61.40%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	90.17	69.26%	98.14	65.71%	107.85	58.33%	112.84	61.40%	m

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

Gooch & Housego Cash Flow Statement

	30 Sep 2016 (GBP)	30 Sep 2017 (GBP)	30 Sep 2018 (GBP)	30 Sep 2019 (GBP)
Operating CF	12.57	17.57	9.17	11.65	m
Pre-Financing CF	-3.53	5.24	-22.00	0.68	m
Retained CF	-0.19	3.34	-7.39	-2.24	m

Gooch & Housego Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Investec Bank Plc	Market Maker(MMF)	Broker/Dealer	INV.	IHCSGB21002
Royal Bank of Canada Europe	Market Maker(MMF)	Broker/Dealer	RBCE	ROYCGB22
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC