Ncc (NCC)

[ADVERT]

Company name:	Ncc Group Plc
EPIC:	NCC	Trading Currency:	GBX
Market Sector:	F25T	ISIN:	GB00B01QGK86
Market Segment:	STMM	Share Type:	DE
WWW Address:		Description:	ORD 1P
Industry Sector:	SOFTWARE & COMPUTER SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
310.50	-4.0 [-1.27]	311.50	313.00	323.00	323.00	309.50	133,427
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
959.09	308.89	0.02	4.20	4.65	73.93	1.50	323.00 - 164.40

Ncc Key Figures

(at previous day's close)
Market Cap.	959.09	m
Shares In Issue	308.89	m
Prev. Close	314.50
PE Ratio	73.93
Dividend Yield	1.50	%
EPS - basic	4.20	p
Dividend PS	4.65	p
Dividend Cover	0.90
Cash Flow PS	15.25	p
Return On Equity (ROE)	5.46	%
Operating Margin	6.11	%
PEG Factor	-5.18
EPS Growth Rate	-14.29	%
Dividends PS Growth Rate	-	%
Net Debt	136.30	m
Gross Gearing	51.93	%
Quick Assets	169.30	m
Net Working Capital	77.00	m
Intangibles / Fixed Assets	94.84	%
Turnover PS	85.37	p
Pre-Tax Profit PS	5.21	p
Retained Profit PS	-0.39	p
Cash PS	30.76	p
Net Cash PS	0.58	p
Net Tangible Asset Value PS *	-15.18	p
Net Asset Value PS	69.31	p
Spread	1.50 (0.48%)
* 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.

Ncc Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	323.00	304.50
4 weeks	323.00	280.00
12 weeks	323.00	245.00
1 year	323.00	164.40

Share Price Chart (5 years)

Ncc Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	315.00	-4.50	-1.43	304.50	0.34		311.35
4 weeks	321.00	-10.50	-3.27	280.00	0.40		305.07
12 weeks	267.50	43.00	16.07	245.00	0.50		297.15
26 weeks	242.00	68.50	28.31	240.50	0.58		282.43
1 year	168.00	142.50	84.82	164.40	0.52		251.68
3 years	220.60	89.90	40.75	111.50	0.56		195.85
5 years	323.50	-13.00	-4.02	88.00	0.69		188.46
† periods calculated are whole weeks rather than calendar months

Ncc Key Management Ratios

Ncc Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	65.94
PE Ratio	73.93
Tobin's Q Ratio	2.42
Tobin's Q Ratio (excl. intangibles)	6.38
Dividend Yield	1.50	%
Market-to-Book Ratio	4.48
Price-to-Pre-Tax Profit PS	59.57
Price-to-Retained Profit PS	-799.24
Price-to-Cash Flow PS	20.36
Price-to-Sales PS	3.64
Price-to-Net Tangible Asset Value PS	-20.45
Price-to-Cash PS	10.10
Net Working Capital PS	24.93
Price Pct to Working Capital PS	12.46	%
Earnings Yield	1.35	%
Average PE	51.71
Years in average	3
PE to PE average	142.97	%

Ncc Financial Ratios

(Leverage Ratios)
Debt Ratio	39.21	%
Debt-to-Equity Ratio	0.65
Debt-to-Equity Ratio (excl. Intgbl)	-2.94
Debt-to-Equity Market Value	0.14
Net Gearing	30.60	%
Net Gearing (excl. Intangibles)	73.92	%
Gross Gearing	51.93	%
Gross Gearing (excl. Intangibles)	125.43	%
Gearing Under 1 Year	20.93	%
Gearing Under 1 Year (excl. Intgbl)	50.54	%
Assets/Equity	2.08
Cash/Equity	44.37
(Liquidity Ratios)
Net Working Capital to Total Assets	17.29	%
Current Ratio	1.83
Quick Ratio (Acid Test)	1.82
Liquidity Ratio	1.02
Cash & Equiv/Current Assets	55.82	%
(Solvency Ratios)
Enterprise Value	1,002.19	m
CFO/Sales	0.18
CFO/Attributable Profit	4.03
CFO/Assets	0.11
CFO/Debt	0.20
Total Debt/Equity Market Value	0.24
Total Debt/Sales	0.88
Total Debt/Pre-Tax Profit	14.37
Total Debt	231.30	m
Total Debt/Net Current Assets	3.00	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	18.88	%
5 yr Compound Earnings Growth	10.93	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.0197	0.0436

Ncc Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.57	%
Return On Assets (ROA)	2.95	%
Net Profit Margin	4.44	%
Assets Turnover	0.67
Return On Equity (ROE)	5.46	%
Return On Investment (ROI)	3.75	%
Dividend Payout Ratio	110.71	%
Plowback Ratio	-10.71	%
Growth from Plowback Ratio	-0.59	%
Net Income Of Revenues	-0.46	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.24
Fixed Assets Turnover	1.01
Current Assets Turnover	1.96
Net Working Capital Turnover
Inventory Turnover	329.63
(Other Operating Ratios)
Total Assets-to-Sales	1.50
Debtors-to-Sales	26.09	%
Debt Collection Period	95.23	Days

Ncc Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
04 Feb 2021	Interim	GBX	1.50	31/05/2020	31/05/2021	18/02/2021	19/02/2021	05/03/2021	-
03 Sep 2020	Final	GBX	3.15	31/05/2019	31/05/2020	08/10/2020	09/10/2020	06/11/2020	4.65
23 Jan 2020	Interim	GBX	1.50	31/05/2019	31/05/2020	06/02/2020	07/02/2020	06/03/2020	-
25 Jul 2019	Final	GBX	3.15	31/05/2018	31/05/2019	05/09/2019	06/09/2019	04/10/2019	4.65
24 Jan 2019	Interim	GBX	1.50	31/05/2018	31/05/2019	07/02/2019	08/02/2019	28/02/2019	-
17 Jul 2018	Final	GBX	3.15	31/05/2017	31/05/2018	07/09/2018	05/10/2018	23/02/2018	4.65
16 Jan 2018	Interim	GBX	1.50	31/05/2017	31/05/2018	25/01/2018	26/01/2018	23/02/2018	-
18 Jul 2017	Final	GBX	3.15	31/05/2016	31/05/2017	31/08/2017	01/09/2017	29/09/2017	4.65
19 Jan 2017	Interim	GBX	1.50	31/05/2016	31/05/2017	26/01/2017	27/01/2017	24/02/2017	-
07 Jul 2016	Final	GBX	3.15	31/05/2015	31/05/2016	01/09/2016	02/09/2016	30/09/2016	4.65
21 Jan 2016	Interim	GBX	1.50	31/05/2015	31/05/2016	28/01/2016	29/01/2016	26/02/2016	-
09 Jul 2015	Final	GBX	2.68	31/05/2014	31/05/2015	27/08/2015	28/08/2015	25/09/2015	3.98
22 Jan 2015	Interim	GBX	1.30	31/05/2014	31/05/2015	29/01/2015	30/01/2015	27/02/2015	-
03 Jul 2014	Final	GBX	2.36	31/05/2013	31/05/2014	27/08/2014	29/08/2014	26/09/2014	3.76
16 Jan 2014	Interim	GBX	1.40	31/05/2013	31/05/2014	22/01/2014	24/01/2014	21/02/2014	-
04 Jul 2013	Final	GBX	2.12	31/05/2012	31/05/2013	21/08/2013	23/08/2013	20/09/2013	3.10
17 Jan 2013	Interim	GBX	0.98	31/05/2012	31/05/2013	23/01/2013	25/01/2013	22/02/2013	-
05 Jul 2012	Final	GBX	11.00	31/05/2011	31/05/2012	29/08/2012	31/08/2012	28/09/2012	16.10
19 Jan 2012	Interim	GBX	5.10	31/05/2011	31/05/2012	25/01/2012	27/01/2012	24/02/2012	-
07 Jul 2011	Final	GBX	8.85	31/05/2010	31/05/2011	31/08/2011	02/09/2011	30/09/2011	13.00
20 Jan 2011	Interim	GBX	4.15	31/05/2010	31/05/2011	26/01/2011	28/01/2011	25/02/2011	-
05 Jul 2010	Final	GBX	7.25	31/05/2009	31/05/2010	01/09/2010	03/09/2010	01/10/2010	10.75
21 Jan 2010	Interim	GBX	3.50	30/05/2009	30/11/2009	27/01/2010	29/01/2010	26/02/2010	-
02 Jul 2009	Final	GBX	6.25	31/05/2008	31/05/2009	24/08/2009	26/08/2009	25/09/2009	9.25
22 Jan 2009	Interim	GBX	3.00	30/05/2008	30/11/2008	28/01/2009	30/01/2009	27/02/2009	-
03 Jul 2008	Final	GBX	4.75	31/05/2007	31/05/2008	27/08/2008	29/08/2008	26/09/2008	7.00
22 Jan 2008	Interim	GBX	2.25	30/05/2007	30/11/2007	30/01/2008	01/02/2009	29/02/2008	-
09 Jul 2007	Final	GBX	3.25	31/05/2006	31/05/2007	29/08/2007	31/08/2007	28/09/2007	4.75
22 Jan 2007	Interim	GBX	1.50	30/05/2006	30/11/2006	31/01/2007	02/02/2007	02/03/2007	-
18 Jul 2006	Final	GBX	2.50	31/05/2005	31/05/2006	30/08/2006	01/09/2006	29/09/2006	3.50
23 Jan 2006	Interim	GBX	1.00	30/05/2005	30/11/2005	01/02/2006	03/02/2006	03/03/2006	-
19 Jul 2005	Final	GBX	1.75	31/05/2004	31/05/2005	31/08/2005	02/09/2005	30/09/2005	2.50
25 Jan 2005	Interim	GBX	0.75	30/05/2004	30/11/2004	02/02/2005	04/02/2005	04/03/2005	-

Ncc Fundamentals

	31 May 2017 (GBP)		31 May 2018 (GBP)		31 May 2019 (GBP)		31 May 2020 (GBP)
turnover	244.50	100.00%	233.20	100.00%	250.70	100.00%	263.70	100.00%	m
pre tax profit	-55.30	-22.62%	29.50	12.65%	17.80	7.10%	16.10	6.11%	m
attributable profit	-56.60	-23.15%	22.90	9.82%	13.50	5.38%	11.70	4.44%	m
retained profit	-69.40	-28.38%	10.10	4.33%	0.60	0.24%	-1.20	-0.46%	m
eps - basic (p)	-20.40		2.50		4.90		4.20
eps - diluted (p)	-20.40		2.50		4.80		4.20
dividends per share	4.65		4.65		4.65		4.65

Ncc Balance Sheet

	31 May 2017 (GBP)		31 May 2018 (GBP)		31 May 2019 (GBP)		31 May 2020 (GBP)


	31 May 2017 (GBP)		31 May 2018 (GBP)		31 May 2019 (GBP)		31 May 2020 (GBP)
ASSETS
fixed assets	18.30	4.94%	19.40	5.48%	16.90	4.87%	13.90	3.12%	m
intangibles	267.60	72.21%	240.00	67.83%	231.20	66.57%	261.00	58.60%	m
fixed investments	0.40	0.11%	0.40	0.11%	0.30	0.09%	0.30	0.07%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	1.10	0.30%	0.80	0.23%	0.70	0.20%	0.90	0.20%	m
debtors	70.90	19.13%	72.00	20.35%	63.30	18.23%	74.30	16.68%	m
cash & securities	12.30	3.32%	21.20	5.99%	34.90	10.05%	95.00	21.33%	m

TOTAL	370.60	100%	353.80	100%	347.30	100%	445.40	100%	m

LIABILITIES
creditors - short	82.70	22.32%	80.50	22.75%	75.50	21.74%	93.20	20.93%	m
creditors - long	75.80	20.45%	65.10	18.40%	61.00	17.56%	138.10	31.01%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	158.50	42.77%	145.60	41.15%	136.50	39.30%	231.30	51.93%	m

EQUITY
ord cap, reserves	212.10	57.23%	208.20	58.85%	210.80	60.70%	214.10	48.07%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	212.10	57.23%	208.20	58.85%	210.80	60.70%	214.10	48.07%	m

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

Ncc Cash Flow Statement

	31 May 2017 (GBP)	31 May 2018 (GBP)	31 May 2019 (GBP)	31 May 2020 (GBP)
Operating CF	28.00	33.00	39.80	47.10	m
Pre-Financing CF	-12.80	26.40	21.60	33.90	m
Retained CF	-6.00	9.70	13.40	60.10	m

Ncc Brokers

Name	Activity	Type	Mnemonic	Code
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Piper Jaffray Ltd	Market Maker(MME)	Broker/Dealer	PIPR	PIPRGB21
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC