Wetherspoon ( J.d.) (JDW)

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Company name:	Wetherspoon ( J.d.) Plc
Company Description:	Development and management of public houses
EPIC:	JDW	Trading Currency:	GBX
Market Sector:	F25S	ISIN:	GB0001638955
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.jdwetherspoon.co.uk/	Description:	ORD 2P
Industry Sector:	TRAVEL & LEISURE

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
899.50	52.0 [6.14]	903.50	906.00	860.50	906.00	850.00	246,401
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
1,158.11	128.75	0.37	-67.80	-	-	-	1,451.00 - 840.50

Wetherspoon ( J.d.) Key Figures

(at previous day's close)
Market Cap.	1,158.11	m
Shares In Issue	128.75	m
Prev. Close	847.50
PE Ratio	-
Dividend Yield	-	%
EPS - basic	-67.80	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	-41.05	p
Return On Equity (ROE)	-45.12	%
Operating Margin	-20.02	%
PEG Factor	-
EPS Growth Rate	17.92	%
Dividends PS Growth Rate	-	%
Net Debt	1,204.83	m
Gross Gearing	80.63	%
Quick Assets	79.89	m
Net Working Capital	-194.81	m
Intangibles / Fixed Assets	0.37	%
Turnover PS	600.04	p
Pre-Tax Profit PS	-120.14	p
Retained Profit PS	-111.77	p
Cash PS	35.27	p
Net Cash PS	-198.94	p
Net Tangible Asset Value PS *	229.12	p
Net Asset Value PS	233.28	p
Spread	2.50 (0.28%)
* 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.

Wetherspoon ( J.d.) Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	919.00	840.50
4 weeks	1,043.00	840.50
12 weeks	1,111.00	840.50
1 year	1,451.00	840.50

Share Price Chart (5 years)

Wetherspoon ( J.d.) Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	915.50	-16.00	-1.75	840.50	0.39		864.02
4 weeks	1,035.00	-135.50	-13.09	840.50	0.48		924.07
12 weeks	1,070.00	-170.50	-15.93	840.50	0.46		977.93
26 weeks	1,350.00	-450.50	-33.37	840.50	0.38		1,050.31
1 year	1,200.00	-300.50	-25.04	840.50	0.41		1,151.98
3 years	1,129.00	-229.50	-20.33	492.00	0.31		1,122.55
5 years	838.00	61.50	7.34	492.00	0.27		1,120.39
† periods calculated are whole weeks rather than calendar months

Wetherspoon ( J.d.) Key Management Ratios

Wetherspoon ( J.d.) Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	-
Tobin's Q Ratio	0.71
Tobin's Q Ratio (excl. intangibles)	0.71
Dividend Yield	-	%
Market-to-Book Ratio	3.86
Price-to-Pre-Tax Profit PS	-7.49
Price-to-Retained Profit PS	-8.05
Price-to-Cash Flow PS	-21.91
Price-to-Sales PS	1.50
Price-to-Net Tangible Asset Value PS	3.93
Price-to-Cash PS	25.50
Net Working Capital PS	-151.31
Price Pct to Working Capital PS	-5.94	%
Earnings Yield	-	%
Average PE	20.16
Years in average	3
PE to PE average	-	%

Wetherspoon ( J.d.) Financial Ratios

(Leverage Ratios)
Debt Ratio	75.95	%
Debt-to-Equity Ratio	3.16
Debt-to-Equity Ratio (excl. Intgbl)	3.22
Debt-to-Equity Market Value	0.82
Net Gearing	77.70	%
Net Gearing (excl. Intangibles)	77.97	%
Gross Gearing	80.63	%
Gross Gearing (excl. Intangibles)	80.91	%
Gearing Under 1 Year	19.45	%
Gearing Under 1 Year (excl. Intgbl)	19.51	%
Assets/Equity	5.16
Cash/Equity	15.12
(Liquidity Ratios)
Net Working Capital to Total Assets	-12.56	%
Current Ratio	0.35
Quick Ratio (Acid Test)	0.26
Liquidity Ratio	0.15
Cash & Equiv/Current Assets	42.54	%
(Solvency Ratios)
Enterprise Value	2,061.39	m
CFO/Sales	-0.07
CFO/Attributable Profit	-
CFO/Assets	-0.03
CFO/Debt	-0.04
Total Debt/Equity Market Value	1.08
Total Debt/Sales	1.62
Total Debt/Pre-Tax Profit	-8.08
Total Debt	1,250.23	m
Total Debt/Net Current Assets	-6.42	%
(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)
0.3720	0.5098

Wetherspoon ( J.d.) Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-12.38	%
Return On Assets (ROA)	-8.28	%
Net Profit Margin	-17.54	%
Assets Turnover	0.47
Return On Equity (ROE)	-45.12	%
Return On Investment (ROI)	-10.06	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-18.63	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	2.47
Fixed Assets Turnover	0.53
Current Assets Turnover	4.25
Net Working Capital Turnover
Inventory Turnover	30.93
(Other Operating Ratios)
Total Assets-to-Sales	2.12
Debtors-to-Sales	6.09	%
Debt Collection Period	22.24	Days

Wetherspoon ( J.d.) Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
13 Sep 2019	Final	GBX	8.00	28/07/2018	28/07/2019	24/10/2019	25/10/2019	28/11/2019	12.00
15 Mar 2019	Interim	GBX	4.00	27/07/2018	27/01/2019	02/05/2019	03/05/2019	30/05/2019	-
14 Sep 2018	Final	GBX	8.00	29/07/2017	29/07/2018	25/10/2018	26/10/2018	29/11/2018	12.00
16 Mar 2018	Interim	GBX	4.00	28/07/2017	28/01/2018	03/05/2018	04/05/2018	31/05/2018	-
15 Sep 2017	Final	GBX	8.00	30/07/2016	30/07/2017	26/10/2017	27/10/2017	30/11/2017	12.00
10 Mar 2017	Interim	GBX	4.00	22/07/2016	22/01/2017	27/04/2017	28/04/2017	25/05/2017	-
09 Sep 2016	Final	GBX	8.00	24/07/2015	24/07/2016	20/10/2016	21/10/2016	24/11/2016	12.00
11 Mar 2016	Interim	GBX	4.00	24/07/2015	24/01/2016	28/04/2016	29/04/2016	26/05/2016	-
11 Sep 2015	Final	GBX	8.00	26/07/2014	26/07/2015	22/10/2015	23/10/2015	26/11/2015	12.00
13 Mar 2015	Interim	GBX	4.00	25/07/2014	25/01/2015	30/04/2015	01/05/2015	28/05/2015	-
12 Sep 2014	Final	GBX	8.00	27/07/2013	27/07/2014	22/10/2014	24/10/2014	27/11/2014	12.00
14 Mar 2014	Interim	GBX	4.00	26/07/2013	26/01/2014	30/04/2014	02/05/2014	29/05/2014	-
13 Sep 2013	Final	GBX	8.00	28/07/2012	28/07/2013	23/10/2013	25/10/2013	28/11/2013	12.00
15 Mar 2013	Interim	GBX	4.00	27/07/2012	27/01/2013	01/05/2013	03/05/2013	30/05/2013	-
14 Sep 2012	Final	GBX	8.00	29/07/2011	29/07/2012	24/10/2012	26/10/2012	29/11/2012	12.00
09 Mar 2012	Interim	GBX	4.00	22/07/2011	22/01/2012	25/04/2012	27/04/2012	23/05/2012	-
09 Sep 2011	Final	GBX	8.00	24/07/2010	24/07/2011	19/10/2011	21/10/2011	23/11/2011	12.00
11 Mar 2011	Interim	GBX	4.00	23/07/2010	23/01/2011	24/04/2011	26/04/2011	25/05/2011	-
07 Sep 2007	Final	GBX	8.00	29/07/2006	29/07/2007	24/10/2007	26/10/2007	23/11/2007	12.00
02 Mar 2007	Interim	GBX	4.00	28/07/2006	28/01/2007	25/04/2007	27/04/2007	25/05/2007	-
07 Sep 2006	Final	GBX	3.10	30/07/2005	30/07/2006	25/10/2006	27/10/2006	24/11/2006	4.70
03 Mar 2006	Interim	GBX	1.60	22/07/2005	22/01/2006	26/04/2006	28/04/2006	26/05/2006	-
02 Sep 2005	Final	GBX	2.82	24/07/2004	24/07/2005	26/10/2005	28/10/2005	25/11/2005	4.28
03 Sep 2004	Final	GBX	2.56	25/07/2003	25/07/2004	27/10/2004	27/10/2004	26/11/2004	3.89
03 Mar 2004	Interim	GBX	1.33	25/07/2003	25/01/2004	17/03/2004	19/03/2004	21/05/2004	-
04 Mar 2005	Interim	GBX	1.46	23/07/2003	23/01/2004	27/04/2005	29/04/2005	27/05/2005	-
05 Sep 2003	Final	GBX	2.33	27/07/2002	27/07/2003	29/10/2003	31/10/2003	28/11/2003	3.54
10 Mar 2003	Interim	GBX	1.21	26/07/2002	26/01/2003	19/03/2003	21/03/2003	23/05/2003	-
05 Sep 2002	Final	GBX	2.12	28/07/2001	28/07/2002	25/09/2002	27/09/2002	29/11/2002	3.22
01 Mar 2002	Interim	GBX	1.10	27/07/2001	27/01/2002	13/03/2002	15/03/2002	17/05/2002	-
07 Sep 2001	Final	GBX	1.93	29/07/2000	29/07/2001	26/09/2001	28/09/2001	30/11/2001	2.93
09 Mar 2001	Interim	GBX	1.00	28/07/2000	28/01/2001	28/03/2001	30/03/2001	17/05/2001	-
08 Sep 2000	Final	GBX	1.76	30/07/1999	30/07/2000	25/09/2000	29/09/2000	30/11/2000	2.67
07 Mar 2000	Interim	GBX	0.91	30/07/1999	30/01/2000	27/03/2000	31/03/2000	15/05/2000	-
10 Sep 1999	Final	GBX	1.60	01/08/1998	01/08/1999	20/09/1999	24/09/1999	30/11/1999	2.43
15 Sep 1998	Final	GBX	1.45	02/08/1997	02/08/1998	21/09/1998	25/09/1998	02/12/1998	2.20

Wetherspoon ( J.d.) Fundamentals

	29 Jul 2018 (GBP)		28 Jul 2019 (GBP)		26 Jul 2020 (GBP)		25 Jul 2021 (GBP)
turnover	1,693.82	100.00%	1,818.79	100.00%	1,262.05	100.00%	772.56	100.00%	m
pre tax profit	89.00	5.25%	95.42	5.25%	-94.77	-7.51%	-154.68	-20.02%	m
attributable profit	66.71	3.94%	72.78	4.00%	-89.61	-7.10%	-135.53	-17.54%	m
retained profit	54.05	3.19%	60.13	3.31%	-97.98	-7.76%	-143.90	-18.63%	m
eps - basic (p)	64.60		70.60		-82.60		-67.80
eps - diluted (p)	63.20		69.00		-82.60		-67.80
dividends per share	12.00		12.00		-		-

Wetherspoon ( J.d.) Balance Sheet

	29 Jul 2018 (GBP)		28 Jul 2019 (GBP)		26 Jul 2020 (GBP)		25 Jul 2021 (GBP)


	29 Jul 2018 (GBP)		28 Jul 2019 (GBP)		26 Jul 2020 (GBP)		25 Jul 2021 (GBP)
ASSETS
fixed assets	1,306.07	88.47%	1,384.97	91.01%	1,439.47	83.47%	1,420.51	91.61%	m
intangibles	24.78	1.68%	23.07	1.52%	8.90	0.52%	5.36	0.35%	m
fixed investments	30.40	2.06%	13.74	0.90%	19.05	1.10%	17.97	1.16%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	23.30	1.58%	23.72	1.56%	23.10	1.34%	26.85	1.73%	m
debtors	28.68	1.94%	33.39	2.19%	59.68	3.46%	34.48	2.22%	m
cash & securities	63.09	4.27%	42.95	2.82%	174.45	10.12%	45.41	2.93%	m

TOTAL	1,476.31	100%	1,521.84	100%	1,724.63	100%	1,550.58	100%	m

LIABILITIES
creditors - short	316.63	21.45%	326.67	21.47%	280.05	16.24%	301.55	19.45%	m
creditors - long	873.12	59.14%	878.36	57.72%	1,119.39	64.91%	948.69	61.18%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	1,189.75	80.59%	1,205.03	79.18%	1,399.43	81.14%	1,250.23	80.63%	m

EQUITY
ord cap, reserves	286.56	19.41%	316.81	20.82%	325.20	18.86%	300.34	19.37%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	286.56	19.41%	316.81	20.82%	325.20	18.86%	300.34	19.37%	m

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

Wetherspoon ( J.d.) Cash Flow Statement

	29 Jul 2018 (GBP)	28 Jul 2019 (GBP)	26 Jul 2020 (GBP)	25 Jul 2021 (GBP)
Operating CF	176.40	173.59	16.76	-52.85	m
Pre-Financing CF	49.56	24.15	-171.60	-110.58	m
Retained CF	12.45	-20.14	131.50	-129.04	m

Wetherspoon ( J.d.) 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
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
HSBC Bank plc	Market Maker(MME)	Broker/Dealer	HSBC	JCAPGB2L
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
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