Majedie Investments (MAJE)

Company name:	Majedie Investments Plc
EPIC:	MAJE	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GB0005555221
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.majedie.co.uk/	Description:	10P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
209.00	-2.0 [-0.95]	202.00	216.00	206.00	206.00	206.00	42,616
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
110.83	53.03	0.05	12.90	11.40	16.20	5.45	268.00 - 135.00

Majedie Investments Key Figures

(at previous day's close)
Market Cap.	110.83	m
Shares In Issue	53.03	m
Prev. Close	211.00
PE Ratio	16.20
Dividend Yield	5.45	%
EPS - basic	12.90	p
Dividend PS	11.40	p
Dividend Cover	1.13
Cash Flow PS	15.93	p
Return On Equity (ROE)	4.44	%
Operating Margin	85.86	%
PEG Factor	5.06
EPS Growth Rate	3.20	%
Dividends PS Growth Rate	3.64	%
Net Debt	18.25	m
Gross Gearing	12.25	%
Quick Assets	3.79	m
Net Working Capital	2.69	m
Intangibles / Fixed Assets	-	%
Turnover PS	15.18	p
Pre-Tax Profit PS	13.03	p
Retained Profit PS	1.50	p
Cash PS	6.41	p
Net Cash PS	4.33	p
Net Tangible Asset Value PS *	292.43	p
Net Asset Value PS	292.30	p
Spread	14.00 (6.48%)
* 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.

Majedie Investments Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	220.00	206.00
4 weeks	230.00	204.00
12 weeks	236.00	135.00
1 year	268.00	135.00

Share Price Chart (5 years)

Majedie Investments Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	220.00	-11.00	-5.00	206.00	0.01		213.74
4 weeks	230.00	-21.00	-9.13	204.00	0.02		213.38
12 weeks	214.00	-5.00	-2.34	135.00	0.04		196.42
26 weeks	259.00	-50.00	-19.31	135.00	0.04		216.06
1 year	248.00	-39.00	-15.73	135.00	0.04		229.87
3 years	288.25	-79.25	-27.49	135.00	0.02		254.03
5 years	276.25	-67.25	-24.34	135.00	0.02		257.80
† periods calculated are whole weeks rather than calendar months

Majedie Investments Key Management Ratios

Majedie Investments Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	1.61
PE Ratio	16.20
Tobin's Q Ratio	0.59
Tobin's Q Ratio (excl. intangibles)	0.59
Dividend Yield	5.45	%
Market-to-Book Ratio	0.71
Price-to-Pre-Tax Profit PS	16.04
Price-to-Retained Profit PS	139.06
Price-to-Cash Flow PS	13.12
Price-to-Sales PS	13.77
Price-to-Net Tangible Asset Value PS	0.72
Price-to-Cash PS	32.62
Net Working Capital PS	5.07
Price Pct to Working Capital PS	41.26	%
Earnings Yield	6.17	%
Average PE	25.45
Years in average	4
PE to PE average	63.67	%

Majedie Investments Financial Ratios

(Leverage Ratios)
Debt Ratio	11.70	%
Debt-to-Equity Ratio	0.13
Debt-to-Equity Ratio (excl. Intgbl)	0.13
Debt-to-Equity Market Value	0.19
Net Gearing	10.33	%
Net Gearing (excl. Intangibles)	10.33	%
Gross Gearing	12.25	%
Gross Gearing (excl. Intangibles)	12.25	%
Gearing Under 1 Year	0.62	%
Gearing Under 1 Year (excl. Intgbl)	0.62	%
Assets/Equity	1.14
Cash/Equity	2.19
(Liquidity Ratios)
Net Working Capital to Total Assets	1.52	%
Current Ratio	3.44
Quick Ratio (Acid Test)	3.44
Liquidity Ratio	3.09
Cash & Equiv/Current Assets	89.73	%
(Solvency Ratios)
Enterprise Value	127.98	m
CFO/Sales	1.05
CFO/Attributable Profit	1.23
CFO/Assets	0.05
CFO/Debt	0.39
Total Debt/Equity Market Value	0.20
Total Debt/Sales	2.69
Total Debt/Pre-Tax Profit	3.13
Total Debt	21.65	m
Total Debt/Net Current Assets	8.06	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	5.14	%
5 yr Compound Earnings Growth	6.54	%
10 yr Compound Earnings Growth	0.90	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.0454	0.0742

Majedie Investments Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	3.94	%
Return On Assets (ROA)	3.65	%
Net Profit Margin	85.59	%
Assets Turnover	0.04
Return On Equity (ROE)	4.44	%
Return On Investment (ROI)	3.68	%
Dividend Payout Ratio	88.37	%
Plowback Ratio	11.63	%
Growth from Plowback Ratio	0.48	%
Net Income Of Revenues	9.90	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.05
Fixed Assets Turnover	0.04
Current Assets Turnover	2.15
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	23.42
Debtors-to-Sales	3.74	%
Debt Collection Period	13.65	Days

Majedie Investments Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
27 May 2020	Interim	GBX	4.40	01/10/2019	31/03/2020	04/06/2020	05/06/2020	19/06/2020	-
11 Dec 2019	Final	GBX	7.00	30/09/2018	30/09/2019	09/01/2020	10/01/2020	28/01/2020	11.40
22 May 2019	Interim	GBX	4.40	01/10/2018	31/03/2019	30/05/2019	31/05/2019	14/06/2019	-
05 Dec 2018	Final	GBX	7.00	30/09/2017	30/09/2018	10/01/2019	11/01/2019	23/01/2019	11.00
24 May 2018	Interim	GBX	4.00	01/10/2017	31/03/2018	07/06/2018	08/06/2018	22/06/2018	-
05 Dec 2017	Final	GBX	6.25	30/09/2016	30/09/2017	11/01/2018	12/01/2018	24/01/2018	9.75
24 May 2017	Interim	GBX	3.50	01/10/2016	31/03/2017	01/06/2017	02/06/2017	16/06/2017	-
05 Dec 2016	Final	GBX	5.75	30/09/2015	30/09/2016	12/01/2017	13/01/2017	25/01/2017	8.75
25 May 2016	Interim	GBX	3.00	01/10/2015	31/03/2016	16/06/2016	17/06/2016	24/06/2016	-
07 Dec 2015	Final	GBX	5.00	30/09/2014	30/09/2015	14/01/2016	15/01/2016	27/01/2016	8.00
28 May 2015	Interim	GBX	3.00	01/10/2014	31/03/2015	11/06/2015	12/06/2015	26/06/2015	-
05 Dec 2014	Final	GBX	4.50	30/09/2013	30/09/2014	08/01/2015	09/01/2015	21/01/2015	7.50
30 May 2014	Interim	GBX	3.00	01/10/2013	31/03/2014	11/06/2014	13/06/2014	27/06/2014	-
10 Dec 2013	Final	GBX	6.30	30/09/2012	30/09/2013	08/01/2014	10/01/2014	22/01/2014	10.50
29 May 2013	Interim	GBX	4.20	01/10/2012	31/03/2013	05/06/2013	07/06/2013	26/06/2013	-
05 Dec 2012	Final	GBX	6.30	30/09/2011	30/09/2012	09/01/2013	11/01/2013	23/01/2013	10.50
22 May 2012	Interim	GBX	4.20	01/10/2011	31/03/2012	30/05/2012	01/06/2012	27/06/2012	-
28 Nov 2011	Final	GBX	6.30	30/09/2010	30/09/2011	04/01/2012	06/01/2012	25/01/2012	10.50
31 May 2011	Interim	GBX	4.20	01/10/2010	31/03/2011	08/06/2011	10/06/2011	29/06/2011	-
25 Nov 2010	Special	GBX	2.50	30/09/2009	30/09/2010	05/01/2011	07/01/2011	08/03/2010	13.00
25 Nov 2010	Final	GBX	6.30	30/09/2009	30/09/2010	05/01/2011	07/01/2011	26/01/2011	-
19 May 2010	Interim	GBX	4.20	01/10/2009	31/03/2010	02/06/2010	04/06/2010	08/03/2010	-
25 Nov 2009	Final	GBX	6.30	30/09/2008	30/09/2009	06/01/2010	08/01/2010	27/01/2010	10.50
20 May 2009	Interim	GBX	4.20	01/10/2008	31/03/2009	03/06/2009	05/06/2009	30/06/2009	-
26 Nov 2008	Final	GBX	8.55	30/09/2007	30/09/2008	07/01/2009	09/01/2009	28/01/2009	12.75
21 May 2008	Interim	GBX	4.20	01/10/2007	31/03/2008	04/06/2008	06/06/2008	30/06/2008	-
26 Nov 2007	Final	GBX	6.20	30/09/2006	30/09/2007	-	-	-	10.00
26 Nov 2007	Special	GBX	4.50	30/09/2006	30/09/2007	-	-	-	-
26 Nov 2007	Final	GBX	6.20	30/09/2006	30/09/2007	02/01/2008	04/01/2008	23/01/2008	15.60
29 May 2007	Interim	GBX	3.80	01/10/2006	31/03/2007	06/06/2007	08/06/2007	29/06/2007	-
24 Nov 2006	Final	GBX	6.10	30/09/2005	30/09/2006	03/01/2007	05/01/2007	24/01/2007	9.50
24 May 2006	Interim	GBX	3.40	01/10/2005	31/03/2006	07/06/2006	09/06/2006	30/06/2006	-
22 Nov 2005	Final	GBX	5.85	30/09/2004	30/09/2005	04/01/2006	06/01/2006	25/01/2006	9.05
26 May 2005	Interim	GBX	3.20	01/10/2004	31/03/2005	08/06/2005	10/06/2005	01/07/2005	-
18 Nov 2004	Final	GBX	5.55	30/09/2003	30/09/2004	05/01/2005	07/01/2005	25/01/2005	8.75
27 May 2004	Interim	GBX	3.20	01/10/2003	31/03/2004	09/06/2004	11/06/2004	02/07/2004	-
20 Nov 2003	Final	GBX	5.25	30/09/2002	30/09/2003	14/01/2004	16/01/2004	30/01/2004	8.45
14 May 2003	Interim	GBX	3.20	01/10/2002	31/03/2003	04/06/2003	06/06/2003	04/07/2003	-
22 Nov 2001	Final	GBX	4.80	30/09/2000	30/09/2001	16/01/2002	18/01/2002	31/01/2002	7.90
24 May 2001	Interim	GBX	3.10	01/10/2000	31/03/2001	20/06/2001	22/06/2001	06/07/2001	-
24 Nov 2000	Final	GBX	4.55	30/09/1999	30/09/2000	22/01/2001	26/01/2001	31/01/2001	7.65
19 May 2000	Interim	GBX	3.10	01/10/1999	31/03/2000	19/06/2000	23/06/2000	07/07/2000	-
24 Nov 1999	Final	GBX	4.30	30/09/1998	30/09/1999	17/01/2000	21/01/2000	04/02/2000	7.40
25 Nov 1998	Final	GBX	4.10	30/09/1997	30/09/1998	18/01/1999	22/01/1999	05/02/1999	7.20

Majedie Investments Fundamentals

	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)
turnover	6.48	100.00%	7.46	100.00%	7.88	100.00%	8.05	100.00%	m
pre tax profit	4.96	76.48%	5.96	79.91%	6.68	84.81%	6.91	85.86%	m
attributable profit	4.94	76.22%	5.95	79.74%	6.66	84.60%	6.89	85.59%	m
retained profit	0.67	10.32%	1.01	13.51%	1.19	15.06%	0.80	9.90%	m
eps - basic (p)	9.30		11.10		12.50		12.90
eps - diluted (p)	9.30		11.10		12.50		12.90
dividends per share	8.75		9.75		11.00		11.40

Majedie Investments 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	0.05	0.03%	0.05	0.02%	0.04	0.02%	0.02	0.01%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	201.36	98.11%	213.75	98.23%	196.52	98.14%	172.91	97.85%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	0.36	0.17%	0.23	0.10%	0.21	0.11%	0.39	0.22%	m
cash & securities	3.47	1.69%	3.57	1.64%	3.48	1.74%	3.40	1.92%	m

TOTAL	205.23	100%	217.59	100%	200.25	100%	176.72	100%	m

LIABILITIES
creditors - short	1.32	0.64%	1.09	0.50%	1.10	0.55%	1.10	0.62%	m
creditors - long	33.93	16.53%	33.96	15.61%	20.53	10.25%	20.55	11.63%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	35.25	17.17%	35.05	16.11%	21.62	10.80%	21.65	12.25%	m

EQUITY
ord cap, reserves	169.99	82.83%	182.54	83.89%	178.63	89.20%	155.07	87.75%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	169.99	82.83%	182.54	83.89%	178.63	89.20%	155.07	87.75%	m

OTHER
NAV Basic	318.10		-		334.30		292.30
NAV Diluted	318.10		-		334.30		292.30

Majedie Investments Cash Flow Statement

	30 Sep 2016 (GBP)	30 Sep 2017 (GBP)	30 Sep 2018 (GBP)	30 Sep 2019 (GBP)
Operating CF	6.86	7.85	23.47	8.45	m
Pre-Financing CF	6.79	7.83	23.46	8.44	m
Retained CF	0.93	0.10	-0.08	-0.09	m

Majedie Investments Brokers

Name	Activity	Type	Mnemonic	Code
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Cenkos Securities Plc	Market Maker(MME)	Broker/Dealer	CNKS	CNKOGB21
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC