Scapa (SCPA)

Company name:	Scapa Group Plc
EPIC:	SCPA	Trading Currency:	GBX
Market Sector:	AS50	ISIN:	GB0007281198
Market Segment:	AMSM	Share Type:	DE
WWW Address:	http://www.scapa.com/	Description:	ORD 5P
Industry Sector:	CHEMICALS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
160.40	-4.0 [-2.43]	160.00	160.80	162.00	163.60	156.00	322,572
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
299.22	186.54	0.27	5.30	2.90	30.26	1.81	295.00 - 82.70

Scapa Key Figures

(at previous day's close)
Market Cap.	299.22	m
Shares In Issue	186.54	m
Prev. Close	164.40
PE Ratio	30.26
Dividend Yield	1.81	%
EPS - basic	5.30	p
Dividend PS	2.90	p
Dividend Cover	1.83
Cash Flow PS	6.00	p
Return On Equity (ROE)	5.88	%
Operating Margin	4.78	%
PEG Factor	-0.46
EPS Growth Rate	-65.58	%
Dividends PS Growth Rate	20.83	%
Net Debt	181.40	m
Gross Gearing	57.96	%
Quick Assets	85.60	m
Net Working Capital	41.00	m
Intangibles / Fixed Assets	59.52	%
Turnover PS	167.15	p
Pre-Tax Profit PS	7.99	p
Retained Profit PS	2.41	p
Cash PS	5.79	p
Net Cash PS	-42.72	p
Net Tangible Asset Value PS *	10.88	p
Net Asset Value PS	74.73	p
Spread	0.80 (0.50%)
* 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.

Scapa Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	171.60	156.00
4 weeks	171.60	117.20
12 weeks	171.60	106.00
1 year	295.00	82.70

Share Price Chart (5 years)

Scapa Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	157.00	3.40	2.17	156.00	0.47		164.44
4 weeks	117.20	43.20	36.86	117.20	0.48		148.74
12 weeks	117.80	42.60	36.16	106.00	0.42		131.77
26 weeks	108.60	51.80	47.70	82.70	0.74		113.18
1 year	243.00	-82.60	-33.99	82.70	0.74		131.50
3 years	465.00	-304.60	-65.51	82.70	0.62		232.86
5 years	185.50	-25.10	-13.53	82.70	0.55		263.21
† periods calculated are whole weeks rather than calendar months

Scapa Key Management Ratios

Scapa Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	43.82
PE Ratio	30.26
Tobin's Q Ratio	1.04
Tobin's Q Ratio (excl. intangibles)	1.59
Dividend Yield	1.81	%
Market-to-Book Ratio	2.15
Price-to-Pre-Tax Profit PS	20.08
Price-to-Retained Profit PS	66.49
Price-to-Cash Flow PS	26.72
Price-to-Sales PS	0.96
Price-to-Net Tangible Asset Value PS	14.74
Price-to-Cash PS	27.71
Net Working Capital PS	21.98
Price Pct to Working Capital PS	7.30	%
Earnings Yield	3.30	%
Average PE	38.11
Years in average	5
PE to PE average	79.42	%

Scapa Financial Ratios

(Leverage Ratios)
Debt Ratio	42.18	%
Debt-to-Equity Ratio	0.73
Debt-to-Equity Ratio (excl. Intgbl)	5.01
Debt-to-Equity Market Value	0.34
Net Gearing	54.70	%
Net Gearing (excl. Intangibles)	85.36	%
Gross Gearing	57.96	%
Gross Gearing (excl. Intangibles)	90.45	%
Gearing Under 1 Year	27.29	%
Gearing Under 1 Year (excl. Intgbl)	42.59	%
Assets/Equity	2.38
Cash/Equity	7.75
(Liquidity Ratios)
Net Working Capital to Total Assets	12.36	%
Current Ratio	1.45
Quick Ratio (Acid Test)	0.95
Liquidity Ratio	0.12
Cash & Equiv/Current Assets	8.21	%
(Solvency Ratios)
Enterprise Value	390.12	m
CFO/Sales	0.04
CFO/Attributable Profit	1.37
CFO/Assets	0.03
CFO/Debt	0.06
Total Debt/Equity Market Value	0.64
Total Debt/Sales	0.62
Total Debt/Pre-Tax Profit	12.90
Total Debt	192.20	m
Total Debt/Net Current Assets	4.69	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	9

Beta (60-Mnth)	Beta (36-Mnth)
0.2684	0.2717

Scapa Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	6.18	%
Return On Assets (ROA)	2.86	%
Net Profit Margin	2.63	%
Assets Turnover	1.09
Return On Equity (ROE)	5.88	%
Return On Investment (ROI)	3.94	%
Dividend Payout Ratio	54.72	%
Plowback Ratio	45.28	%
Growth from Plowback Ratio	2.88	%
Net Income Of Revenues	1.44	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	2.41
Fixed Assets Turnover	1.93
Current Assets Turnover	2.50
Net Working Capital Turnover
Inventory Turnover	7.71
(Other Operating Ratios)
Total Assets-to-Sales	0.92
Debtors-to-Sales	22.32	%
Debt Collection Period	81.48	Days

Scapa Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
21 May 2019	Final	GBX	2.90	31/03/2018	31/03/2019	25/07/2019	26/07/2019	23/08/2019	2.90
22 May 2018	Final	GBX	2.40	31/03/2017	31/03/2018	19/07/2018	20/07/2018	17/08/2018	2.40
23 May 2017	Final	GBX	2.00	31/03/2016	31/03/2017	20/07/2017	21/07/2017	18/08/2017	2.00
24 May 2016	Final	GBX	1.75	31/03/2015	31/03/2016	21/07/2016	22/07/2016	19/08/2016	1.75
27 May 2015	Final	GBX	1.50	31/03/2014	31/03/2015	23/07/2015	24/07/2015	21/08/2015	1.50
28 May 2014	Final	GBX	1.00	31/03/2013	31/03/2014	23/07/2014	25/07/2014	22/08/2014	1.00
29 May 2013	Final	GBX	0.50	31/03/2012	31/03/2013	24/07/2013	26/07/2013	23/08/2013	0.50
29 May 2008	Final	GBX	0.75	31/03/2007	31/03/2008	-	-	07/08/2008	0.75
10 Aug 2005	Final	GBX	-	31/03/2004	31/03/2005	-	-	-	0.10
17 Nov 2004	Interim	GBX	0.10	30/09/2003	30/09/2004	-	-	-	-
26 May 2004	Final	GBX	0.30	31/03/2003	31/03/2004	21/07/2004	23/07/2004	13/08/2004	0.30
21 Nov 2002	Interim	GBX	0.60	30/03/2002	30/09/2002	04/01/2003	06/01/2003	03/02/2003	-
23 May 2002	Final	GBX	1.73	31/03/2001	31/03/2002	10/07/2002	12/07/2002	09/08/2002	3.78
22 Nov 2001	Interim	GBX	2.05	30/03/2001	30/09/2001	02/01/2002	04/01/2002	01/02/2002	-
24 May 2001	Final	GBX	5.59	31/03/2000	31/03/2001	11/07/2001	13/07/2001	10/08/2001	7.64
23 Nov 2000	Interim	GBX	2.05	30/03/2000	30/09/2000	02/01/2001	08/01/2001	01/02/2001	-
25 May 2000	Final	GBX	5.59	31/03/1999	31/03/2000	10/07/2000	14/07/2000	11/08/2000	7.64
18 Nov 1999	Interim	GBX	2.05	30/03/1999	30/09/1999	29/11/1999	03/12/1999	01/02/2000	-
27 May 1999	Final	GBX	5.59	31/03/1998	31/03/1999	05/07/1999	09/07/1999	13/08/1999	7.64
19 Nov 1998	Interim	GBX	2.05	30/03/1998	30/09/1998	30/11/1998	04/12/1998	01/02/1999	-
18 Jun 1998	Final	GBX	5.59	31/03/1997	31/03/1998	29/06/1998	03/07/1998	14/08/1998	7.64

Scapa Fundamentals

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
turnover	246.70	100.00%	279.60	100.00%	291.50	100.00%	311.80	100.00%	m
pre tax profit	9.80	3.97%	21.80	7.80%	28.80	9.88%	14.90	4.78%	m
attributable profit	6.10	2.47%	17.60	6.29%	23.50	8.06%	8.20	2.63%	m
retained profit	3.90	1.58%	15.00	5.36%	20.50	7.03%	4.50	1.44%	m
eps - basic (p)	4.10		11.60		15.40		5.30
eps - diluted (p)	3.90		11.10		14.80		5.20
dividends per share	1.75		2.00		2.40		2.90

Scapa Balance Sheet

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)


	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
ASSETS
fixed assets	46.10	24.77%	49.30	21.72%	45.60	18.90%	81.00	24.43%	m
intangibles	38.10	20.47%	63.00	27.75%	78.20	32.41%	119.10	35.92%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	5.10	2.25%	-	-%	-	-%	m
stocks	27.10	14.56%	30.70	13.52%	35.00	14.50%	45.90	13.84%	m
debtors	56.10	30.15%	66.80	29.43%	64.40	26.69%	74.80	22.56%	m
cash & securities	18.70	10.05%	12.10	5.33%	18.10	7.50%	10.80	3.26%	m

TOTAL	186.10	100%	227.00	100%	241.30	100%	331.60	100%	m

LIABILITIES
creditors - short	50.40	27.08%	55.70	24.54%	66.00	27.35%	90.50	27.29%	m
creditors - long	58.00	31.17%	70.90	31.23%	56.40	23.37%	101.70	30.67%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	108.40	58.25%	126.60	55.77%	122.40	50.73%	192.20	57.96%	m

EQUITY
ord cap, reserves	77.70	41.75%	100.40	44.23%	118.90	49.27%	139.40	42.04%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	77.70	41.75%	100.40	44.23%	118.90	49.27%	139.40	42.04%	m

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

Scapa Cash Flow Statement

	31 Mar 2016 (GBP)	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)
Operating CF	12.90	25.10	27.00	11.20	m
Pre-Financing CF	3.20	-11.00	13.20	-47.30	m
Retained CF	1.80	-7.70	6.90	-7.90	m

Scapa Brokers

Name	Activity	Type	Mnemonic	Code
Arden Partners Plc	Market Maker(MMF)	Broker/Dealer	ARDA	ARRRGB2100A
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Shore Capital Stockbrokers Ltd	Market Maker(MMF)	Broker/Dealer	SCAP	SHOCGB21
Merrill Lynch International	Market Maker(MMF)	Broker/Dealer	MLSB	SNCSGB2LBIC
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC