Haynes Publishing (HYNS)

Company name:	Haynes Publishing Group Plc
EPIC:	HYNS	Trading Currency:	GBX
Market Sector:	SQQ3	ISIN:	GB0004160833
Market Segment:	SSQ3	Share Type:	DE
WWW Address:	http://www.haynes.co.uk/	Description:	ORD 20P
Industry Sector:	MEDIA

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
424.00	1.0 [0.24]	418.00	430.00	423.00	424.00	423.00	10,744
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
29.05	6.85	0.14	9.90	7.50	42.83	1.77	452.00 - 158.50

Haynes Publishing Key Figures

(at previous day's close)
Market Cap.	29.05	m
Shares In Issue	6.85	m
Prev. Close	423.00
PE Ratio	42.83
Dividend Yield	1.77	%
EPS - basic	9.90	p
Dividend PS	7.50	p
Dividend Cover	1.32
Cash Flow PS	147.95	p
Return On Equity (ROE)	5.98	%
Operating Margin	10.54	%
PEG Factor	4.87
EPS Growth Rate	8.79	%
Dividends PS Growth Rate	-	%
Net Debt	29.36	m
Gross Gearing	57.76	%
Quick Assets	21.31	m
Net Working Capital	11.97	m
Intangibles / Fixed Assets	95.61	%
Turnover PS	493.14	p
Pre-Tax Profit PS	51.99	p
Retained Profit PS	5.27	p
Cash PS	70.19	p
Net Cash PS	-111.10	p
Net Tangible Asset Value PS *	-120.51	p
Net Asset Value PS	364.69	p
Spread	12.00 (2.79%)
* 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.

Haynes Publishing Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	452.00	400.00
4 weeks	452.00	326.00
12 weeks	452.00	220.00
1 year	452.00	158.50

Share Price Chart (5 years)

Haynes Publishing Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	405.00	19.00	4.69	400.00	0.02		424.91
4 weeks	326.00	98.00	30.06	326.00	0.02		385.43
12 weeks	220.00	204.00	92.73	220.00	0.02		313.74
26 weeks	195.50	228.50	116.88	191.50	0.01		298.69
1 year	176.50	247.50	140.23	158.50	0.01		277.34
3 years	122.50	301.50	246.12	117.50	0.01		232.63
5 years	169.00	255.00	150.89	95.00	0.01		190.02
† periods calculated are whole weeks rather than calendar months

Haynes Publishing Key Management Ratios

Haynes Publishing Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	9.83
PE Ratio	42.83
Tobin's Q Ratio	0.49
Tobin's Q Ratio (excl. intangibles)	1.00
Dividend Yield	1.77	%
Market-to-Book Ratio	1.16
Price-to-Pre-Tax Profit PS	8.16
Price-to-Retained Profit PS	80.47
Price-to-Cash Flow PS	2.87
Price-to-Sales PS	0.86
Price-to-Net Tangible Asset Value PS	-3.52
Price-to-Cash PS	6.04
Net Working Capital PS	174.68
Price Pct to Working Capital PS	2.43	%
Earnings Yield	2.33	%
Average PE	22.58
Years in average	3
PE to PE average	189.64	%

Haynes Publishing Financial Ratios

(Leverage Ratios)
Debt Ratio	46.54	%
Debt-to-Equity Ratio	0.87
Debt-to-Equity Ratio (excl. Intgbl)	-2.63
Debt-to-Equity Market Value	0.75
Net Gearing	49.63	%
Net Gearing (excl. Intangibles)	113.31	%
Gross Gearing	57.76	%
Gross Gearing (excl. Intangibles)	131.86	%
Gearing Under 1 Year	21.00	%
Gearing Under 1 Year (excl. Intgbl)	47.93	%
Assets/Equity	2.37
Cash/Equity	19.25
(Liquidity Ratios)
Net Working Capital to Total Assets	20.23	%
Current Ratio	1.96
Quick Ratio (Acid Test)	1.72
Liquidity Ratio	0.39
Cash & Equiv/Current Assets	19.72	%
(Solvency Ratios)
Enterprise Value	45.99	m
CFO/Sales	0.30
CFO/Attributable Profit	6.79
CFO/Assets	0.17
CFO/Debt	0.30
Total Debt/Equity Market Value	1.18
Total Debt/Sales	1.01
Total Debt/Pre-Tax Profit	9.59
Total Debt	34.17	m
Total Debt/Net Current Assets	2.86	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	5.99	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	10

Beta (60-Mnth)	Beta (36-Mnth)
0.1448	0.1206

Haynes Publishing Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	7.62	%
Return On Assets (ROA)	2.51	%
Net Profit Margin	4.42	%
Assets Turnover	0.57
Return On Equity (ROE)	5.98	%
Return On Investment (ROI)	3.17	%
Dividend Payout Ratio	75.76	%
Plowback Ratio	24.24	%
Growth from Plowback Ratio	1.56	%
Net Income Of Revenues	1.07	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.46
Fixed Assets Turnover	1.02
Current Assets Turnover	1.29
Net Working Capital Turnover
Inventory Turnover	9.59
(Other Operating Ratios)
Total Assets-to-Sales	1.76
Debtors-to-Sales	44.26	%
Debt Collection Period	161.53	Days

Haynes Publishing Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
24 Jan 2019	Interim	GBX	3.50	31/05/2018	31/05/2019	21/03/2019	22/03/2019	17/04/2019	-
05 Sep 2018	Final	GBX	4.00	31/05/2017	31/05/2018	25/10/2018	26/10/2018	15/11/2018	7.50
25 Jan 2018	Interim	GBX	3.50	31/05/2017	31/05/2018	15/03/2018	16/03/2018	11/04/2018	-
14 Sep 2017	Final	GBX	4.00	31/05/2016	31/05/2017	26/10/2017	27/10/2017	16/11/2017	7.50
26 Jan 2017	Interim	GBX	3.50	31/05/2016	31/05/2017	16/03/2017	17/03/2017	12/04/2017	-
22 Sep 2016	Final	GBX	4.00	31/05/2015	31/05/2016	27/10/2016	28/10/2016	17/11/2016	7.50
28 Jan 2016	Interim	GBX	3.50	31/05/2015	31/05/2016	17/03/2016	18/03/2016	06/04/2016	-
24 Sep 2015	Final	GBX	4.00	31/05/2014	31/05/2015	15/10/2015	16/10/2015	05/11/2015	7.50
29 Jan 2015	Interim	GBX	3.50	31/05/2014	31/05/2015	12/03/2015	13/03/2015	08/04/2015	-
25 Sep 2014	Final	GBX	4.00	31/05/2013	31/05/2014	23/10/2014	24/10/2014	13/11/2014	7.50
30 Jan 2014	Interim	GBX	3.50	31/05/2013	31/05/2014	19/03/2014	21/03/2014	09/04/2014	-
23 Sep 2013	Final	GBX	4.00	31/05/2012	31/05/2013	09/10/2013	11/10/2013	30/10/2013	7.50
31 Jan 2013	Interim	GBX	3.50	31/05/2012	31/05/2013	20/03/2013	22/03/2013	10/04/2013	-
23 Aug 2012	Final	GBX	9.50	31/05/2011	31/05/2012	10/10/2012	12/10/2012	31/10/2012	15.70
26 Jan 2012	Interim	GBX	6.20	31/05/2011	31/05/2012	28/03/2012	30/03/2012	11/04/2012	-
25 Aug 2011	Final	GBX	9.50	31/05/2010	31/05/2011	05/10/2011	07/10/2011	26/10/2011	15.70
21 Jan 2011	Interim	GBX	6.20	31/05/2010	31/05/2011	06/04/2011	08/04/2011	20/04/2011	-
26 Aug 2010	Final	GBX	9.30	31/05/2009	31/05/2010	29/09/2010	01/10/2010	27/10/2010	15.50
28 Jan 2010	Interim	GBX	6.20	31/05/2009	31/05/2010	10/03/2010	12/03/2010	30/03/2010	-
10 Sep 2009	Final	GBX	11.50	31/05/2008	31/05/2009	30/09/2009	02/10/2009	29/10/2009	15.50
29 Jan 2009	Interim	GBX	4.00	30/05/2008	30/11/2008	25/03/2009	27/03/2009	23/04/2009	-
31 Jan 2008	Interim	GBX	5.00	30/05/2007	30/11/2007	23/03/2008	25/03/2008	22/04/2008	-
02 Aug 2007	Final	GBX	10.00	31/05/2006	31/05/2007	26/09/2007	28/09/2007	26/10/2007	15.50
01 Feb 2007	Interim	GBX	5.50	30/05/2006	30/11/2006	21/03/2007	23/03/2007	24/04/2007	-
17 Aug 2006	Final	GBX	10.00	30/06/2005	30/06/2006	27/09/2006	29/09/2006	27/10/2006	15.50
17 Feb 2006	Interim	GBX	5.50	30/05/2005	30/11/2005	22/03/2006	24/03/2006	25/04/2006	-
28 Jan 2005	Interim	GBX	5.00	30/11/2003	30/11/2004	16/03/2005	18/03/2005	19/04/2005	-
03 Aug 2004	Final	GBX	8.00	31/05/2003	31/05/2004	29/09/2004	01/10/2004	29/10/2004	12.00
03 Feb 2004	Interim	GBX	4.00	30/05/2003	30/11/2003	24/03/2004	26/03/2004	27/04/2004	-
05 Aug 2003	Final	GBX	4.00	31/05/2002	31/05/2003	01/10/2003	03/10/2003	31/10/2003	6.50
28 Jan 2003	Interim	GBX	2.50	30/05/2002	30/11/2002	19/03/2003	21/03/2003	23/04/2003	-
31 Jul 2002	Final	GBX	2.50	31/05/2001	31/05/2002	25/09/2002	27/09/2002	31/10/2002	3.50
30 Jan 2002	Interim	GBX	1.00	30/05/2001	30/11/2001	20/03/2002	22/03/2002	26/04/2002	-
01 Aug 2001	Final	GBX	2.00	31/05/2000	31/05/2001	19/09/2001	21/09/2001	31/10/2001	3.00
31 Jan 2001	Interim	GBX	1.00	30/05/2000	30/11/2000	21/03/2001	23/03/2001	27/04/2001	-
03 Aug 2000	Final	GBX	4.50	31/05/1999	31/05/2000	18/09/2000	22/09/2000	31/10/2000	9.00
31 Jan 2000	Interim	GBX	4.50	30/05/1999	30/11/1999	20/03/2000	24/03/2000	28/04/2000	-
26 Jul 1999	Final	GBX	6.00	31/05/1998	31/05/1999	20/09/1999	24/09/1999	29/10/1999	11.80
07 Sep 1998	Final	GBX	6.00	31/05/1997	31/05/1998	21/09/1998	25/09/1998	30/10/1998	11.80

Haynes Publishing Fundamentals

	31 May 2015 (GBP)		31 May 2016 (GBP)		31 May 2017 (GBP)		31 May 2018 (GBP)
turnover	26.07	100.00%	25.71	100.00%	29.77	100.00%	33.79	100.00%	m
pre tax profit	-7.25	-27.80%	-2.55	-9.91%	2.66	8.95%	3.56	10.54%	m
attributable profit	-8.05	-30.88%	-1.78	-6.92%	1.37	4.61%	1.49	4.42%	m
retained profit	-9.18	-35.23%	-2.91	-11.33%	0.24	0.81%	0.36	1.07%	m
eps - basic (p)	-53.30		-11.80		9.10		9.90
eps - diluted (p)	-53.30		-11.80		9.10		9.80
dividends per share	7.50		7.50		7.50		7.50

Haynes Publishing Balance Sheet

	31 May 2015 (GBP)		31 May 2016 (GBP)		31 May 2017 (GBP)		31 May 2018 (GBP)


	31 May 2015 (GBP)		31 May 2016 (GBP)		31 May 2017 (GBP)		31 May 2018 (GBP)
ASSETS
fixed assets	9.03	18.15%	8.43	15.74%	4.01	6.71%	1.53	2.58%	m
intangibles	20.17	40.54%	22.38	41.76%	27.70	46.32%	33.24	56.20%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	1.48	2.48%	2.20	3.71%	m
stocks	4.65	9.35%	4.61	8.61%	3.97	6.63%	3.08	5.21%	m
debtors	12.93	25.99%	15.62	29.14%	15.61	26.10%	14.30	24.17%	m
cash & securities	2.97	5.97%	2.55	4.75%	7.04	11.77%	4.81	8.13%	m

TOTAL	49.74	100%	53.60	100%	59.80	100%	59.16	100%	m

LIABILITIES
creditors - short	7.65	15.37%	11.01	20.54%	12.17	20.35%	12.42	21.00%	m
creditors - long	17.72	35.63%	18.36	34.25%	26.31	44.00%	21.75	36.77%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	25.37	51.00%	29.36	54.78%	38.48	64.35%	34.17	57.76%	m

EQUITY
ord cap, reserves	24.30	48.86%	24.24	45.22%	21.32	35.65%	24.99	42.24%	m
prefs, minorities	0.07	0.14%	-	-%	-	-%	-	-%	m

TOTAL	24.37	49.00%	24.24	45.22%	21.32	35.65%	24.99	42.24%	m

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

Haynes Publishing Cash Flow Statement

	31 May 2015 (GBP)	31 May 2016 (GBP)	31 May 2017 (GBP)	31 May 2018 (GBP)
Operating CF	8.68	7.76	9.88	10.14	m
Pre-Financing CF	2.52	1.26	4.15	0.28	m
Retained CF	0.36	-1.24	2.78	-0.91	m

Haynes Publishing Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC