M&c Saatchi (SAA)

Company name:	M&c Saatchi Plc
EPIC:	SAA	Trading Currency:	GBX
Market Sector:	ASM6	ISIN:	GB00B01F7T14
Market Segment:	AMSM	Share Type:	DE
WWW Address:	https://www.mcsaatchiplc.com/	Description:	ORD 1P
Industry Sector:	MEDIA

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
90.80	-5.4 [-5.61]	90.80	94.40	93.00	94.40	90.80	49,370
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
104.81	115.43	0.20	9.79	10.96	9.27	12.07	130.00 - 28.00

M&c Saatchi Key Figures

(at previous day's close)
Market Cap.	104.81	m
Shares In Issue	115.43	m
Prev. Close	96.20
PE Ratio	9.27
Dividend Yield	12.07	%
EPS - basic	9.79	p
Dividend PS	10.96	p
Dividend Cover	0.89
Cash Flow PS	7.65	p
Return On Equity (ROE)	10.10	%
Operating Margin	4.08	%
PEG Factor	0.05
EPS Growth Rate	185.42	%
Dividends PS Growth Rate	15.01	%
Net Debt	170.01	m
Gross Gearing	71.22	%
Quick Assets	219.41	m
Net Working Capital	47.84	m
Intangibles / Fixed Assets	55.85	%
Turnover PS	374.12	p
Pre-Tax Profit PS	15.25	p
Retained Profit PS	-0.11	p
Cash PS	43.37	p
Net Cash PS	-105.26	p
Net Tangible Asset Value PS *	27.45	p
Net Asset Value PS	77.03	p
Spread	3.60 (3.81%)
* 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.

M&c Saatchi Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	99.00	87.20
4 weeks	99.00	79.20
12 weeks	99.00	57.40
1 year	130.00	28.00

Share Price Chart (5 years)

M&c Saatchi Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	88.00	2.80	3.18	87.20	0.07		95.52
4 weeks	79.40	11.40	14.36	79.20	0.13		86.91
12 weeks	57.40	33.40	58.19	57.40	0.20		83.87
26 weeks	51.40	39.40	76.65	41.90	0.20		66.95
1 year	122.00	-31.20	-25.57	28.00	0.52		58.26
3 years	390.00	-299.20	-76.72	28.00	0.29		140.91
5 years	302.25	-211.45	-69.96	28.00	0.21		177.43
† periods calculated are whole weeks rather than calendar months

M&c Saatchi Key Management Ratios

M&c Saatchi Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	17.64
PE Ratio	9.27
Tobin's Q Ratio	0.37
Tobin's Q Ratio (excl. intangibles)	0.44
Dividend Yield	12.07	%
Market-to-Book Ratio	1.28
Price-to-Pre-Tax Profit PS	5.96
Price-to-Retained Profit PS	-852.12
Price-to-Cash Flow PS	11.88
Price-to-Sales PS	0.24
Price-to-Net Tangible Asset Value PS	2.70
Price-to-Cash PS	2.09
Net Working Capital PS	41.44
Price Pct to Working Capital PS	2.19	%
Earnings Yield	10.78	%
Average PE	518.37
Years in average	4
PE to PE average	1.79	%

M&c Saatchi Financial Ratios

(Leverage Ratios)
Debt Ratio	35.30	%
Debt-to-Equity Ratio	0.55
Debt-to-Equity Ratio (excl. Intgbl)	1.25
Debt-to-Equity Market Value	0.46
Net Gearing	55.02	%
Net Gearing (excl. Intangibles)	65.65	%
Gross Gearing	71.22	%
Gross Gearing (excl. Intangibles)	84.98	%
Gearing Under 1 Year	55.52	%
Gearing Under 1 Year (excl. Intgbl)	66.25	%
Assets/Equity	3.47
Cash/Equity	56.30
(Liquidity Ratios)
Net Working Capital to Total Assets	15.48	%
Current Ratio	1.28
Quick Ratio (Acid Test)	1.28
Liquidity Ratio	0.29
Cash & Equiv/Current Assets	22.82	%
(Solvency Ratios)
Enterprise Value	110.46	m
CFO/Sales	0.02
CFO/Attributable Profit	1.07
CFO/Assets	0.03
CFO/Debt	0.04
Total Debt/Equity Market Value	2.10
Total Debt/Sales	0.51
Total Debt/Pre-Tax Profit	12.51
Total Debt	220.07	m
Total Debt/Net Current Assets	4.60	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	265.81	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	6

Beta (60-Mnth)	Beta (36-Mnth)
0.1981	0.2917

M&c Saatchi Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	12.81	%
Return On Assets (ROA)	2.88	%
Net Profit Margin	1.91	%
Assets Turnover	1.51
Return On Equity (ROE)	10.10	%
Return On Investment (ROI)	6.51	%
Dividend Payout Ratio	111.95	%
Plowback Ratio	-11.95	%
Growth from Plowback Ratio	-1.42	%
Net Income Of Revenues	-0.03	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	6.20
Fixed Assets Turnover	4.81
Current Assets Turnover	2.19
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	0.66
Debtors-to-Sales	32.66	%
Debt Collection Period	119.21	Days

M&c Saatchi Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
24 Sep 2019	Interim	GBX	2.45	31/12/2018	31/12/2019	24/10/2019	25/10/2019	08/11/2019	-
29 Mar 2019	Final	GBX	8.51	31/12/2017	31/12/2018	06/06/2019	07/06/2019	09/11/2018	10.96
21 Sep 2018	Interim	GBX	2.45	31/12/2017	31/12/2018	25/10/2018	26/10/2018	09/11/2018	-
22 Mar 2018	Final	GBX	7.40	31/12/2016	31/12/2017	07/06/2018	08/06/2018	06/07/2018	9.53
25 Sep 2017	Interim	GBX	2.13	31/12/2016	31/12/2017	26/10/2017	27/10/2017	10/11/2017	-
16 Mar 2017	Final	GBX	6.44	31/12/2015	31/12/2016	08/06/2017	09/06/2017	07/07/2017	8.29
22 Sep 2016	Interim	GBX	1.85	31/12/2015	31/12/2016	27/10/2016	28/10/2016	11/11/2016	-
18 Mar 2016	Final	GBX	5.60	31/12/2014	31/12/2015	09/06/2016	10/06/2016	08/07/2016	7.21
10 Sep 2015	Interim	GBX	1.61	31/12/2014	31/12/2015	29/10/2015	30/10/2015	13/11/2015	-
26 Mar 2015	Final	GBX	4.87	31/12/2013	31/12/2014	11/06/2015	12/06/2015	10/07/2015	6.27
11 Sep 2014	Interim	GBX	1.40	31/12/2013	31/12/2014	29/10/2014	31/10/2014	14/11/2014	-
20 Mar 2014	Final	GBX	4.24	31/12/2012	31/12/2013	04/06/2014	06/06/2014	04/07/2014	5.45
18 Sep 2013	Interim	GBX	1.21	31/12/2012	31/12/2013	30/10/2013	01/11/2013	15/11/2013	-
18 Mar 2013	Final	GBX	3.85	31/12/2011	31/12/2012	05/06/2013	07/06/2013	05/07/2013	4.95
20 Sep 2012	Interim	GBX	1.10	31/12/2011	31/12/2012	31/10/2012	02/11/2012	16/11/2012	-
20 Mar 2012	Final	GBX	3.50	31/12/2010	31/12/2011	06/06/2012	08/06/2012	06/07/2012	3.50
21 Sep 2011	Interim	GBX	1.00	31/12/2010	31/12/2011	02/11/2011	04/11/2011	18/11/2011	-
25 Mar 2011	Final	GBX	3.03	31/12/2009	31/12/2010	08/06/2011	10/06/2011	08/07/2011	3.90
30 Sep 2010	Interim	GBX	0.87	31/12/2009	31/12/2010	03/11/2010	05/11/2010	19/11/2010	-
11 Mar 2010	Final	GBX	2.75	31/12/2008	31/12/2009	17/03/2010	19/03/2010	01/04/2010	3.62
24 Sep 2009	Interim	GBX	0.87	30/12/2008	30/06/2009	21/10/2009	23/10/2009	19/11/2009	-
26 Mar 2009	Final	GBX	2.75	31/12/2007	31/12/2008	10/06/2009	12/06/2009	10/07/2009	3.62
25 Sep 2008	Interim	GBX	0.87	30/12/2007	30/06/2008	08/10/2008	10/10/2008	21/11/2008	-
27 Mar 2008	Final	GBX	2.75	31/12/2006	31/12/2007	04/06/2008	06/06/2008	07/07/2008	3.62
25 Sep 2007	Interim	GBX	0.87	30/12/2006	30/06/2007	03/10/2007	05/10/2007	24/10/2007	-
20 Mar 2007	Final	GBX	2.43	31/12/2005	31/12/2006	09/05/2007	11/05/2007	11/06/2007	3.20
28 Sep 2006	Interim	GBX	0.77	30/12/2005	30/06/2006	04/10/2006	06/10/2006	25/10/2006	-
23 Mar 2006	Final	GBX	1.78	31/12/2004	31/12/2005	10/05/2006	12/05/2006	12/06/2006	2.55
15 Sep 2005	Interim	GBX	0.77	30/12/2004	30/06/2005	21/09/2005	23/09/2005	21/10/2005	-
08 Apr 2005	Final	GBX	1.16	31/12/2003	31/12/2004	11/05/2005	13/05/2005	10/06/2005	1.16

M&c Saatchi Fundamentals

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
turnover	178.93	100.00%	225.39	100.00%	251.48	100.00%	431.84	100.00%	m
pre tax profit	12.55	7.01%	6.79	3.01%	9.30	3.70%	17.60	4.08%	m
attributable profit	6.47	3.62%	0.14	0.06%	2.67	1.06%	8.26	1.91%	m
retained profit	1.81	1.01%	-5.31	-2.36%	-4.08	-1.62%	-0.12	-0.03%	m
eps - basic (p)	9.08		0.20		3.43		9.79
eps - diluted (p)	9.08		0.19		3.31		9.15
dividends per share	7.21		8.29		9.53		10.96

M&c Saatchi Balance Sheet

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)


	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
ASSETS
fixed assets	8.20	4.27%	10.62	4.53%	12.27	4.64%	12.87	4.16%	m
intangibles	28.29	14.73%	51.00	21.74%	48.52	18.33%	50.03	16.19%	m
fixed investments	33.16	17.27%	26.73	11.40%	29.05	10.98%	26.69	8.64%	m
current assets - other	-	-%	-	-%	-	-%	13.11	4.24%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	90.01	46.88%	113.99	48.60%	125.84	47.55%	156.24	50.56%	m
cash & securities	32.34	16.85%	32.22	13.74%	48.96	18.50%	50.07	16.20%	m

TOTAL	192.00	100%	234.57	100%	264.63	100%	308.99	100%	m

LIABILITIES
creditors - short	117.52	61.21%	140.96	60.09%	148.40	56.08%	171.57	55.52%	m
creditors - long	32.46	16.91%	44.22	18.85%	52.16	19.71%	48.51	15.70%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	149.98	78.11%	185.17	78.94%	200.56	75.79%	220.07	71.22%	m

EQUITY
ord cap, reserves	42.02	21.89%	42.57	18.15%	57.54	21.74%	81.71	26.44%	m
prefs, minorities	-	-%	6.83	2.91%	6.53	2.47%	7.21	2.33%	m

TOTAL	42.02	21.89%	49.40	21.06%	64.07	24.21%	88.92	28.78%	m

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

M&c Saatchi Cash Flow Statement

	31 Dec 2015 (GBP)	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)
Operating CF	16.22	18.73	23.55	8.83	m
Pre-Financing CF	10.36	1.33	18.91	2.88	m
Retained CF	9.83	-3.29	17.53	-10.70	m

M&c Saatchi Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Numis Securities Limited	Market Maker(MMF)	Broker/Dealer	NUMS	RAZHGB2LBIC
Merrill Lynch International	Market Maker(MMF)	Broker/Dealer	MLSB	SNCSGB2LBIC
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC