National Express

National Express (NEX)

Company name:National Express
Company Description:Buses: High-frequency urban bus services operating primarily in Birmingham and accross the West Midlands. Also operator of the Midland Metro light-rail service. Trains: Nine train operating companies provide a range of intercity urban and rural passenger train services and train maintenance operation. Coaches: Extensive and integrated network of scheduled and contracted coach services in three business segments - UK express coaches, airport services and European coaching. USA: Private operator of student transportation bus services, public transit bus services and demand-response services. Australia: Private operator of public transport in Australia. Provides bus services in Sydney, Melbourne, Perth and Brisbane, and train operations in Melbourne and across the State of Victoria
EPIC:NEXTrading Currency:GBX
Market Sector:F25FISIN:GB0006215205
Market Segment:STMMShare Type:DE
WWW Address:http://www.nationalexpressgroup.com/Description:ORD 5P
Industry Sector:TRAVEL & LEISURE
 Price Price Change [%] Bid Offer Open High Low Volume
 406.00 uk.advfn.com/p.php?gfx=/gb/up 2.2 [0.54] 406.20 406.60 402.60 409.00 395.40 725,637
 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
 2,077.66 511.74 0.13 25.70 13.51 15.80 3.33 414.00 - 337.20

National Express Key Figures

(at previous day's close)
Market Cap.2,077.66m
Shares In Issue511.74m
Prev. Close403.80
PE Ratio15.80 
Dividend Yield3.33%
EPS - basic25.70p
Dividend PS13.51p
Dividend Cover1.90 
Cash Flow PS57.74p
Return On Equity (ROE)11.44%
Operating Margin6.74%
PEG Factor1.35 
EPS Growth Rate11.74%
Dividends PS Growth Rate10.02%
Net Debt1,970.80m
Gross Gearing66.21%
Quick Assets733.60m
Net Working Capital-168.20m
Intangibles / Fixed Assets60.65%
Turnover PS453.59p
Pre-Tax Profit PS30.56p
Retained Profit PS12.96p
Cash PS61.42p
Net Cash PS-119.67p
Net Tangible Asset Value PS *-95.44p
Net Asset Value PS227.93p
Spread0.40 (0.10%) 

National Express Balance Sheet

LSE:NEX:Liabilities+EQLSE:NEX:Assets

Share Price Performance

Sample Period HighLow
1 week414.00395.40
4 weeks414.00372.40
12 weeks414.00337.20
1 year414.00337.20

Share Price Chart (5 years)

National Express Historic Returns

Period OpenChange%Open Avg.Avg. Daily Vol [m]Total Vol [m]VWAP
1 week413.80-7.80-1.88395.400.95409.55
4 weeks385.8020.205.24372.400.84399.32
12 weeks364.8041.2011.29337.200.82383.16
26 weeks345.4060.6017.54337.200.68376.62
1 year352.2053.8015.28337.200.66369.40
3 years294.00112.0038.10254.900.64341.70
5 years194.70211.30108.53190.100.62308.40

National Express Key Management Ratios

National Express Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio16.21 
PE Ratio15.80 
Tobin's Q Ratio 0.60 
Tobin's Q Ratio (excl. intangibles)1.12 
Dividend Yield3.33%
Market-to-Book Ratio1.81 
Price-to-Pre-Tax Profit PS13.28 
Price-to-Retained Profit PS31.34 
Price-to-Cash Flow PS7.03 
Price-to-Sales PS0.90 
Price-to-Net Tangible Asset Value PS-4.45 
Price-to-Cash PS6.61 
Net Working Capital PS-32.87 
Price Pct to Working Capital PS-12.35%
Earnings Yield6.33%
Average PE18.48 
Years in average5 
PE to PE average85.49%

National Express Financial Ratios

(Leverage Ratios)
Debt Ratio53.80%
Debt-to-Equity Ratio1.16 
Debt-to-Equity Ratio (excl. Intgbl)-2.91 
Debt-to-Equity Market Value0.65 
Net Gearing57.10%
Net Gearing (excl. Intangibles)108.40%
Gross Gearing66.21%
Gross Gearing (excl. Intangibles)125.69%
Gearing Under 1 Year26.85%
Gearing Under 1 Year (excl. Intgbl)50.97%
Assets/Equity2.96 
Cash/Equity26.95 
(Liquidity Ratios)
Net Working Capital to Total Assets-4.87%
Current Ratio0.82 
Quick Ratio (Acid Test)0.79 
Liquidity Ratio0.34 
Cash & Equiv/Current Assets41.44%
(Solvency Ratios)
Enterprise Value3,143.16m
CFO/Sales0.13 
CFO/Attributable Profit2.26 
CFO/Assets0.09 
CFO/Debt0.13 
Total Debt/Equity Market Value1.10 
Total Debt/Sales0.98 
Total Debt/Pre-Tax Profit14.61 
Total Debt2,285.10m
Total Debt/Net Current Assets-13.59%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth7.13%
5 yr Compound Earnings Growth18.28%
10 yr Compound Earnings Growth-%
Earn drops > 5% in 10yrs7 
Beta (60-Mnth)Beta (36-Mnth)
0.13160.0780

National Express Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)6.19%
Return On Assets (ROA)3.80%
Net Profit Margin5.64%
Assets Turnover0.67 
Return On Equity (ROE)11.44%
Return On Investment (ROI)5.50%
Dividend Payout Ratio52.57%
Plowback Ratio47.43%
Growth from Plowback Ratio5.52%
Net Income Of Revenues2.86%
(Asset Utilisation Multiples)
Shareholders Equity Turnover2.06 
Fixed Assets Turnover0.87 
Current Assets Turnover2.99 
Net Working Capital Turnover 
Inventory Turnover93.03 
(Other Operating Ratios)
Total Assets-to-Sales1.48 
Debtors-to-Sales18.71%
Debt Collection Period68.31Days

National Express Dividends

Announcement DateTypeCurr.Dividend AmountPeriod StartPeriod EndEx DateRecord DatePayment DateTotal Dividend Amount
01 Mar 2018FinalGBX9.2531/12/201631/12/201726/04/201827/04/201821/05/201813.51
27 Jul 2017InterimGBX4.2630/12/201630/06/201731/08/201701/09/201722/09/2017-
23 Feb 2017FinalGBX8.4131/12/201531/12/201627/04/201728/04/201719/05/201712.28
28 Jul 2016InterimGBX3.8730/12/201530/06/201601/09/201602/09/201623/09/2016-
25 Feb 2016FinalGBX7.6431/12/201431/12/201528/04/201629/04/201620/05/201611.30
29 Jul 2015InterimGBX3.6930/12/201430/06/201502/09/201503/09/201525/09/2015-
27 Feb 2015FinalGBX6.9531/12/201331/12/201430/04/201501/05/201522/05/201510.30
30 Jul 2014InterimGBX3.3530/12/201330/06/201403/09/201405/09/201419/09/2014-
27 Feb 2014FinalGBX6.7531/12/201231/12/201330/04/201402/05/201423/05/201410.00
24 Jul 2013InterimGBX3.2530/12/201230/06/201304/09/201306/09/201320/09/2013-
28 Feb 2013FinalGBX6.6031/12/201131/12/201224/04/201326/04/201317/05/20139.75
26 Jul 2012InterimGBX3.1530/12/201130/06/201205/09/201207/09/201221/09/2012-
29 Feb 2012FinalGBX6.5031/12/201031/12/201125/04/201227/04/201218/05/20129.50
28 Jul 2011InterimGBX3.0030/12/201030/06/201107/09/201109/09/201123/09/2011-
24 Feb 2011FinalGBX6.0031/12/200931/12/201024/04/201126/04/201113/05/20116.00
25 Feb 2010FinalGBX-31/12/200831/12/2009----
26 Feb 2009FinalGBX10.0031/12/200731/12/200817/06/200919/06/200903/07/200922.72
31 Jul 2008InterimGBX12.7230/06/200730/06/200810/09/200812/09/200826/09/2008-
28 Feb 2008FinalGBX26.4031/12/200631/12/200723/04/200825/04/200809/05/200837.96
26 Jul 2007InterimGBX11.5630/06/200630/06/200712/09/200714/09/200728/09/2007-
25 Feb 2007FinalGBX24.0031/12/200531/12/200625/04/200727/04/200704/05/200734.75
28 Sep 2006InterimGBX10.7530/12/200530/06/200604/10/200606/10/200620/10/2006-
09 Mar 2006FinalGBX22.2531/12/200431/12/200526/04/200628/04/200626/05/200632.25
28 Jul 2005InterimGBX10.0030/12/200430/06/200507/09/200509/09/200507/10/2005-
24 Feb 2005FinalGBX20.6531/12/200331/12/200406/04/200508/04/200506/05/200530.00
29 Jul 2004InterimGBX9.3530/12/200330/06/200401/09/200403/09/200401/10/2004-
26 Feb 2004FinalGBX17.5031/12/200231/12/200307/04/200413/04/200407/05/200426.00
11 Sep 2003InterimGBX8.5030/12/200230/06/200324/09/200326/09/200317/10/2003-
13 Mar 2003FinalGBX16.4031/12/200131/12/200220/04/200322/04/200316/05/200324.50
17 Sep 2002InterimGBX8.1030/12/200130/06/200225/09/200227/09/200218/10/2002-
20 Mar 2002FinalGBX14.7031/12/200031/12/200103/04/200205/04/200203/05/200222.00
12 Sep 2001InterimGBX7.3030/12/200030/06/200119/09/200121/09/200119/10/2001-
21 Mar 2001FinalGBX14.2031/12/199931/12/200004/04/200106/04/200104/05/200120.70
05 Sep 2000InterimGBX6.5030/12/199930/06/200025/09/200029/09/200027/10/2000-
14 Mar 2000FinalGBX12.4531/12/199831/12/199927/03/200031/03/200005/05/200018.20
09 Sep 1999InterimGBX5.7530/12/199830/06/199920/09/199924/09/199922/10/1999-
18 Mar 1999FinalGBX11.3031/12/199731/12/199829/03/199906/04/199907/05/199916.00
10 Sep 1998InterimGBX4.7030/12/199730/06/199821/09/199825/09/199823/10/1998-
19 Mar 1998FinalGBX9.5031/12/199631/12/199730/03/199803/04/199801/05/199813.50

National Express Fundamentals

 31 Dec 2014 (GBP)31 Dec 2015 (GBP)31 Dec 2016 (GBP)31 Dec 2017 (GBP)
turnover1,867.40100.00%1,919.80100.00%2,103.70100.00%2,321.20100.00%m
pre tax profit66.503.56%124.406.48%136.306.48%156.406.74%m
attributable profit59.103.16%107.005.57%117.205.57%131.005.64%m
retained profit7.500.40%52.602.74%58.302.77%66.302.86%m
eps - basic (p)11.60 20.90 23.00 25.70 
eps - diluted (p)11.50 20.90 22.80 25.50 
dividends per share10.30 11.30 12.28 13.51 

National Express Balance Sheet

 31 Dec 2014 (GBP)31 Dec 2015 (GBP)31 Dec 2016 (GBP)31 Dec 2017 (GBP)
LSE:NEX:Liabilities+EQLSE:NEX:AssetsLSE:NEX:Liabilities+EQLSE:NEX:AssetsLSE:NEX:Liabilities+EQLSE:NEX:AssetsLSE:NEX:Liabilities+EQLSE:NEX:Assets
 31 Dec 2014 (GBP)31 Dec 2015 (GBP)31 Dec 2016 (GBP)31 Dec 2017 (GBP)
ASSETS
fixed assets fixed assets729.9031.38%801.1032.24%983.6028.64%968.2028.05%m
intangibles intangibles1,177.4050.61%1,230.7049.54%1,548.6045.08%1,633.4047.32%m
fixed investments fixed investments80.803.47%91.403.68%110.103.21%91.402.65%m
current assets - other current assets - other--%--%--%--%m
stocks stocks21.800.94%22.500.91%25.000.73%24.900.72%m
debtors debtors232.6010.00%278.4011.21%449.5013.09%419.3012.15%m
cash & securities cash & securities83.703.60%60.402.43%318.109.26%314.309.11%m
TOTAL2,326.20100%2,484.50100%3,434.90100%3,451.50100%m
LIABILITIES
creditors - short creditors - short566.0024.33%697.3028.07%1,194.5034.78%926.7026.85%m
creditors - long creditors - long924.0039.72%956.1038.48%1,114.9032.46%1,358.4039.36%m
creditors - other creditors - other--%--%--%--%m
subordinated loans subordinated loans--%--%--%--%m
insurance funds insurance funds--%--%--%--%m
TOTAL1,490.0064.05%1,653.4066.55%2,309.4067.23%2,285.1066.21%m
EQUITY
ord cap, reserves ord cap, reserves823.5035.40%816.2032.85%1,106.8032.22%1,145.0033.17%m
prefs, minorities prefs, minorities12.700.55%14.900.60%18.700.54%21.400.62%m
TOTAL836.2035.95%831.1033.45%1,125.5032.77%1,166.4033.79%m
OTHER
NAV Basic- - - - 
NAV Diluted- - - - 

National Express Cash Flow Statement

31 Dec 2014 (GBP)31 Dec 2015 (GBP)31 Dec 2016 (GBP)31 Dec 2017 (GBP)
Operating CF232.20252.90316.60295.50m
Pre-Financing CF182.9078.80118.90122.50m
Retained CF43.60-22.70257.80-8.90m

National Express Brokers

NameActivityTypeMnemonicCode
THE ROYAL BANK OF SCOT N.V.Market Maker(MME)Broker/DealerRBSMABNAGB22
Evolution Securities LimitedMarket Maker(MME)Broker/DealerEVOEVBGGB21MMT
Winterflood Securities LtdMarket Maker(MME)Broker/DealerWINSWNTSGB2LBIC
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P:32 V:gb D:20180421 00:22:04