Ite (ITE)

Company name:	Ite Group Plc
EPIC:	ITE	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB0002520509
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.ite-exhibitions.com/	Description:	ORD 1P
Industry Sector:	MEDIA

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
73.70	0.3 [0.41]	73.20	73.70	71.30	75.90	71.30	11,012
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
546.57	741.62	-0.03	-1.60	4.00	-	5.43	86.70 - 55.40

Ite Key Figures

(at previous day's close)
Market Cap.	546.57	m
Shares In Issue	741.62	m
Prev. Close	73.40
PE Ratio	-
Dividend Yield	5.43	%
EPS - basic	-1.60	p
Dividend PS	4.00	p
Dividend Cover	-
Cash Flow PS	2.52	p
Return On Equity (ROE)	-2.68	%
Operating Margin	-2.10	%
PEG Factor	-
EPS Growth Rate	48.39	%
Dividends PS Growth Rate	-	%
Net Debt	294.68	m
Gross Gearing	51.45	%
Quick Assets	151.73	m
Net Working Capital	-10.25	m
Intangibles / Fixed Assets	90.66	%
Turnover PS	23.69	p
Pre-Tax Profit PS	-0.50	p
Retained Profit PS	-2.51	p
Cash PS	6.69	p
Net Cash PS	-15.15	p
Net Tangible Asset Value PS *	-22.67	p
Net Asset Value PS	43.81	p
Spread	0.50 (0.68%)
* 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.

Ite Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	75.90	71.00
4 weeks	75.90	69.00
12 weeks	79.10	69.00
1 year	86.70	55.40

Share Price Chart (5 years)

Ite Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	71.00	2.70	3.80	71.00	0.17		74.30
4 weeks	70.70	3.00	4.24	69.00	0.28		72.68
12 weeks	74.00	-0.30	-0.41	69.00	0.56		74.72
26 weeks	61.00	12.70	20.82	57.00	0.58		70.44
1 year	84.80	-11.10	-13.09	55.40	0.80		68.54
3 years	167.00	-93.30	-55.87	55.40	0.52		108.55
5 years	200.20	-126.50	-63.19	55.40	0.49		128.85
† periods calculated are whole weeks rather than calendar months

Ite Key Management Ratios

Ite Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	124.56
PE Ratio	-
Tobin's Q Ratio	1.13
Tobin's Q Ratio (excl. intangibles)	3.17
Dividend Yield	5.43	%
Market-to-Book Ratio	1.82
Price-to-Pre-Tax Profit PS	-148.36
Price-to-Retained Profit PS	-29.31
Price-to-Cash Flow PS	29.23
Price-to-Sales PS	3.11
Price-to-Net Tangible Asset Value PS	-3.79
Price-to-Cash PS	11.01
Net Working Capital PS	-1.38
Price Pct to Working Capital PS	-53.33	%
Earnings Yield	-	%
Average PE	13.24
Years in average	2
PE to PE average	-	%

Ite Financial Ratios

(Leverage Ratios)
Debt Ratio	35.95	%
Debt-to-Equity Ratio	0.56
Debt-to-Equity Ratio (excl. Intgbl)	-1.26
Debt-to-Equity Market Value	0.33
Net Gearing	44.03	%
Net Gearing (excl. Intangibles)	147.29	%
Gross Gearing	51.45	%
Gross Gearing (excl. Intangibles)	172.11	%
Gearing Under 1 Year	24.21	%
Gearing Under 1 Year (excl. Intgbl)	80.97	%
Assets/Equity	2.06
Cash/Equity	15.28
(Liquidity Ratios)
Net Working Capital to Total Assets	-1.53	%
Current Ratio	0.94
Quick Ratio (Acid Test)	0.94
Liquidity Ratio	0.31
Cash & Equiv/Current Assets	32.72	%
(Solvency Ratios)
Enterprise Value	703.12	m
CFO/Sales	0.11
CFO/Attributable Profit	-
CFO/Assets	0.03
CFO/Debt	0.05
Total Debt/Equity Market Value	0.63
Total Debt/Sales	1.96
Total Debt/Pre-Tax Profit	-93.47
Total Debt	344.33	m
Total Debt/Net Current Assets	-33.60	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-23.69	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
-0.0283	0.0208

Ite Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-0.73	%
Return On Assets (ROA)	-1.67	%
Net Profit Margin	-4.59	%
Assets Turnover	0.36
Return On Equity (ROE)	-2.68	%
Return On Investment (ROI)	-2.32	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-10.61	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.95
Fixed Assets Turnover	0.49
Current Assets Turnover	1.41
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	2.76
Debtors-to-Sales	49.91	%
Debt Collection Period	182.17	Days

Ite Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
14 May 2019	Interim	GBX	0.90	01/10/2018	31/03/2019	20/06/2019	21/06/2019	01/08/2019	-
04 Dec 2018	Final	GBX	2.50	30/09/2017	30/09/2018	03/01/2019	04/01/2019	04/02/2019	4.00
15 May 2018	Interim	GBX	1.50	01/10/2017	31/03/2018	07/06/2018	08/06/2018	02/08/2018	-
28 Nov 2017	Final	GBX	2.50	30/09/2016	30/09/2017	04/01/2018	05/01/2018	05/02/2018	4.00
17 May 2017	Interim	GBX	1.50	01/10/2016	31/03/2017	08/06/2017	09/06/2017	03/08/2017	-
29 Nov 2016	Final	GBX	3.00	30/09/2015	30/09/2016	29/12/2016	30/12/2016	06/02/2017	4.50
09 May 2016	Interim	GBX	1.50	01/10/2015	31/03/2016	09/06/2016	10/06/2016	05/08/2016	-
01 Dec 2015	Final	GBX	4.90	30/09/2014	30/09/2015	07/01/2016	08/01/2016	08/02/2016	7.40
11 May 2015	Interim	GBX	2.50	01/10/2014	31/03/2015	25/06/2015	26/06/2015	06/08/2015	-
02 Dec 2014	Final	GBX	4.90	30/09/2013	30/09/2014	07/01/2015	09/01/2015	10/02/2015	7.40
19 May 2014	Interim	GBX	2.50	01/10/2013	31/03/2014	02/07/2014	04/07/2014	07/08/2014	-
03 Dec 2013	Final	GBX	4.70	30/09/2012	30/09/2013	08/01/2014	10/01/2014	10/02/2014	7.00
20 May 2013	Interim	GBX	2.30	01/10/2012	31/03/2013	03/07/2013	05/07/2013	08/08/2013	-
04 Dec 2012	Final	GBX	4.40	30/09/2011	30/09/2012	02/01/2013	04/01/2013	11/02/2013	6.50
21 May 2012	Interim	GBX	2.10	01/10/2011	31/03/2012	04/07/2012	06/07/2012	09/08/2012	-
30 Nov 2011	Final	GBX	4.20	30/09/2010	30/09/2011	04/01/2012	06/01/2012	13/02/2012	6.10
16 May 2011	Interim	GBX	1.90	01/10/2010	31/03/2011	06/07/2011	08/07/2011	11/08/2011	-
30 Nov 2010	Final	GBX	4.00	30/09/2009	30/09/2010	05/01/2011	07/01/2011	14/02/2011	5.70
18 May 2010	Interim	GBX	1.70	01/10/2009	31/03/2010	07/07/2010	09/07/2010	12/08/2010	-
01 Dec 2009	Final	GBX	3.90	30/09/2008	30/09/2009	06/01/2010	08/01/2010	15/02/2010	5.50
18 May 2009	Interim	GBX	1.60	01/10/2008	31/03/2009	27/05/2009	29/05/2009	19/06/2009	-
02 Dec 2008	Final	GBX	3.70	30/09/2007	30/09/2008	11/02/2009	13/02/2009	13/03/2009	5.30
19 May 2008	Interim	GBX	1.60	01/10/2007	31/03/2008	28/05/2008	30/05/2008	20/06/2008	-
04 Dec 2007	Final	GBX	3.20	30/09/2006	30/09/2007	13/02/2008	15/02/2008	14/03/2008	4.50
21 May 2007	Interim	GBX	1.30	01/10/2006	31/03/2007	30/05/2007	01/06/2007	22/06/2007	-
04 Dec 2006	Final	GBX	2.50	30/09/2005	30/09/2006	31/01/2007	02/02/2007	02/03/2007	3.50
22 May 2006	Interim	GBX	1.00	01/10/2005	31/03/2006	31/05/2006	02/06/2006	22/06/2006	-
05 Dec 2005	Final	GBX	1.85	30/09/2004	30/09/2005	25/01/2006	27/01/2006	03/03/2006	2.75
23 May 2005	Interim	GBX	0.90	01/10/2004	31/03/2005	01/06/2005	03/06/2005	23/06/2005	-
06 Dec 2004	Final	GBX	1.65	30/09/2003	30/09/2004	26/01/2005	28/01/2005	04/03/2005	2.20
24 May 2004	Interim	GBX	0.55	01/10/2003	31/03/2004	09/06/2004	11/06/2004	16/07/2004	-
09 Dec 2003	Final	GBX	1.10	30/09/2002	30/09/2003	28/01/2004	30/01/2004	04/03/2004	1.60
03 Jun 2003	Interim	GBX	0.50	01/10/2002	31/03/2003	11/06/2003	13/06/2003	18/07/2003	-
11 Dec 2002	Final	GBX	1.00	30/09/2001	30/09/2002	29/01/2003	31/01/2003	01/03/2003	2.45
28 May 2002	Interim	GBX	1.45	01/10/2001	31/03/2002	05/06/2002	07/06/2002	17/06/2002	-
10 Dec 2001	Final	GBX	-	30/09/2000	30/09/2001	-	-	-	0.50
12 Jun 2001	Interim	GBX	0.50	01/10/2000	31/03/2001	13/06/2001	15/06/2001	27/07/2001	-
11 Dec 2000	Final	GBX	0.95	30/09/1999	30/09/2000	18/12/2000	22/12/2000	02/03/2001	1.45
23 May 2000	Interim	GBX	0.50	01/10/1999	31/03/2000	30/05/2000	05/06/2000	10/07/2000	-
22 Dec 1999	Final	GBX	0.90	30/09/1998	30/09/1999	13/12/1999	17/12/1999	25/02/2000	1.38
04 Dec 1998	Final	GBX	0.88	30/09/1997	30/09/1998	14/12/1998	18/12/1998	29/01/1999	1.33

Ite Fundamentals

	30 Sep 2015 (GBP)		30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)
turnover	135.79	100.00%	134.42	100.00%	153.62	100.00%	175.67	100.00%	m
pre tax profit	31.55	23.23%	-4.10	-3.05%	-3.16	-2.06%	-3.68	-2.10%	m
attributable profit	26.18	19.28%	-9.33	-6.94%	-8.25	-5.37%	-8.07	-4.59%	m
retained profit	7.50	5.52%	-24.92	-18.54%	-16.90	-11.00%	-18.65	-10.61%	m
eps - basic (p)	10.50		-3.60		-3.10		-1.60
eps - diluted (p)	10.40		-3.60		-3.10		-1.60
dividends per share	7.40		4.50		4.00		4.00

Ite Balance Sheet

	30 Sep 2015 (GBP)		30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)


	30 Sep 2015 (GBP)		30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)
ASSETS
fixed assets	1.71	0.65%	2.47	0.85%	2.78	0.93%	4.93	0.74%	m
intangibles	137.80	52.40%	168.67	57.95%	154.43	51.60%	469.15	70.10%	m
fixed investments	60.26	22.91%	45.68	15.69%	45.47	15.19%	43.40	6.48%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	45.95	17.47%	58.74	20.18%	73.26	24.48%	102.09	15.25%	m
cash & securities	17.27	6.57%	15.51	5.33%	23.32	7.79%	49.65	7.42%	m

TOTAL	262.99	100%	291.07	100%	299.27	100%	669.21	100%	m

LIABILITIES
creditors - short	74.97	28.50%	88.91	30.55%	110.08	36.78%	161.98	24.21%	m
creditors - long	88.69	33.72%	105.80	36.35%	98.87	33.04%	182.34	27.25%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	163.65	62.23%	194.70	66.89%	208.95	69.82%	344.33	51.45%	m

EQUITY
ord cap, reserves	82.98	31.55%	70.94	24.37%	67.67	22.61%	301.04	44.98%	m
prefs, minorities	16.36	6.22%	25.43	8.74%	22.65	7.57%	23.85	3.56%	m

TOTAL	99.34	37.77%	96.36	33.11%	90.32	30.18%	324.88	48.55%	m

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

Ite Cash Flow Statement

	30 Sep 2015 (GBP)	30 Sep 2016 (GBP)	30 Sep 2017 (GBP)	30 Sep 2018 (GBP)
Operating CF	30.33	34.34	35.50	18.70	m
Pre-Financing CF	-26.68	14.15	23.74	-273.38	m
Retained CF	-9.46	-1.51	8.86	28.60	m

Ite Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
Investec Bank Plc	Market Maker(MME)	Broker/Dealer	INV.	IHCSGB21002
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Shore Capital Stockbrokers Ltd	Market Maker(MME)	Broker/Dealer	SCAP	SHOCGB21
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