Speedy Hire (SDY)

Company name:	Speedy Hire Plc
EPIC:	SDY	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB0000163088
Market Segment:	SSMM	Share Type:	DE
WWW Address:		Description:	ORD 5P
Industry Sector:	SUPPORT SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
43.00	-0.85 [-1.94]	42.90	43.05	43.60	43.60	42.80	1,822,413
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
220.73	513.32	0.01	4.13	2.20	10.41	5.12	75.60 - 42.80

Speedy Hire Key Figures

(at previous day's close)
Market Cap.	220.73	m
Shares In Issue	513.32	m
Prev. Close	43.85
PE Ratio	10.41
Dividend Yield	5.12	%
EPS - basic	4.13	p
Dividend PS	2.20	p
Dividend Cover	1.88
Cash Flow PS	3.82	p
Return On Equity (ROE)	9.45	%
Operating Margin	7.52	%
PEG Factor	0.08
EPS Growth Rate	126.92	%
Dividends PS Growth Rate	57.14	%
Net Debt	256.80	m
Gross Gearing	53.39	%
Quick Assets	112.90	m
Net Working Capital	-1.70	m
Intangibles / Fixed Assets	7.10	%
Turnover PS	75.35	p
Pre-Tax Profit PS	5.67	p
Retained Profit PS	1.97	p
Cash PS	0.49	p
Net Cash PS	-23.42	p
Net Tangible Asset Value PS *	39.06	p
Net Asset Value PS	44.11	p
Spread	0.15 (0.35%)
* 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.

Speedy Hire Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	47.10	42.80
4 weeks	50.40	42.80
12 weeks	54.10	42.80
1 year	75.60	42.80

Share Price Chart (5 years)

Speedy Hire Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	45.40	-2.40	-5.29	42.80	1.14		45.48
4 weeks	46.00	-3.00	-6.52	42.80	2.03		47.22
12 weeks	54.10	-11.10	-20.52	42.80	1.68		48.89
26 weeks	63.20	-20.20	-31.96	42.80	1.67		52.13
1 year	71.80	-28.80	-40.11	42.80	1.26		57.30
3 years	64.80	-21.80	-33.64	34.60	1.13		62.70
5 years	57.00	-14.00	-24.56	34.60	1.07		61.02
† periods calculated are whole weeks rather than calendar months

Speedy Hire Key Management Ratios

Speedy Hire Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	6.82
PE Ratio	10.41
Tobin's Q Ratio	0.48
Tobin's Q Ratio (excl. intangibles)	0.54
Dividend Yield	5.12	%
Market-to-Book Ratio	0.97
Price-to-Pre-Tax Profit PS	7.59
Price-to-Retained Profit PS	21.85
Price-to-Cash Flow PS	11.26
Price-to-Sales PS	0.57
Price-to-Net Tangible Asset Value PS	1.10
Price-to-Cash PS	88.29
Net Working Capital PS	-0.33
Price Pct to Working Capital PS	-129.84	%
Earnings Yield	9.60	%
Average PE	19.09
Years in average	5
PE to PE average	54.55	%

Speedy Hire Financial Ratios

(Leverage Ratios)
Debt Ratio	37.63	%
Debt-to-Equity Ratio	0.60
Debt-to-Equity Ratio (excl. Intgbl)	0.68
Debt-to-Equity Market Value	0.62
Net Gearing	52.87	%
Net Gearing (excl. Intangibles)	55.85	%
Gross Gearing	53.39	%
Gross Gearing (excl. Intangibles)	56.39	%
Gearing Under 1 Year	25.26	%
Gearing Under 1 Year (excl. Intgbl)	26.69	%
Assets/Equity	2.15
Cash/Equity	1.10
(Liquidity Ratios)
Net Working Capital to Total Assets	-0.35	%
Current Ratio	0.99
Quick Ratio (Acid Test)	0.92
Liquidity Ratio	0.02
Cash & Equiv/Current Assets	2.07	%
(Solvency Ratios)
Enterprise Value	354.83	m
CFO/Sales	0.05
CFO/Attributable Profit	0.92
CFO/Assets	0.04
CFO/Debt	0.08
Total Debt/Equity Market Value	1.17
Total Debt/Sales	0.67
Total Debt/Pre-Tax Profit	8.91
Total Debt	259.30	m
Total Debt/Net Current Assets	-152.53	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	8.54	%
5 yr Compound Earnings Growth	8.79	%
10 yr Compound Earnings Growth	9.15	%
Earn drops > 5% in 10yrs	9

Beta (60-Mnth)	Beta (36-Mnth)
0.0064	0.0095

Speedy Hire Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	8.02	%
Return On Assets (ROA)	4.62	%
Net Profit Margin	5.53	%
Assets Turnover	0.84
Return On Equity (ROE)	9.45	%
Return On Investment (ROI)	6.25	%
Dividend Payout Ratio	53.27	%
Plowback Ratio	46.73	%
Growth from Plowback Ratio	4.49	%
Net Income Of Revenues	2.61	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.74
Fixed Assets Turnover	1.12
Current Assets Turnover	3.25
Net Working Capital Turnover
Inventory Turnover	47.46
(Other Operating Ratios)
Total Assets-to-Sales	1.20
Debtors-to-Sales	26.80	%
Debt Collection Period	97.81	Days

Speedy Hire Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
30 May 2022	Final	GBX	1.45	31/03/2021	31/03/2022	11/08/2022	12/08/2022	23/09/2022	2.20
17 Nov 2021	Interim	GBX	0.75	30/03/2021	30/09/2021	09/12/2021	10/12/2021	21/01/2022	-
25 May 2021	Final	GBX	1.40	31/03/2020	31/03/2021	12/08/2021	13/08/2021	24/09/2021	1.40
13 Nov 2019	Interim	GBX	0.70	31/03/2018	31/03/2019	05/12/2019	06/12/2019	10/01/2020	0.70
15 May 2019	Final	GBX	1.40	31/03/2018	31/03/2019	04/07/2019	05/07/2019	09/08/2019	2.00
14 Nov 2018	Interim	GBX	0.60	30/03/2018	30/09/2018	13/12/2018	14/12/2018	25/01/2019	-
16 May 2018	Final	GBX	1.15	31/03/2017	31/03/2018	05/07/2018	06/07/2018	10/08/2018	1.65
14 Nov 2017	Interim	GBX	0.50	30/03/2017	30/09/2017	14/12/2017	15/12/2017	26/01/2018	-
16 May 2017	Final	GBX	0.67	31/03/2016	31/03/2017	06/07/2017	07/07/2017	11/08/2017	1.00
16 Nov 2016	Interim	GBX	0.33	30/03/2016	30/09/2016	15/12/2016	16/12/2016	27/01/2017	-
17 May 2016	Final	GBX	0.40	31/03/2015	31/03/2016	07/07/2016	08/07/2016	12/08/2016	0.70
10 Nov 2015	Interim	GBX	0.30	30/03/2015	30/09/2015	17/12/2015	18/12/2015	29/01/2016	-
12 May 2015	Final	GBX	0.40	31/03/2014	31/03/2015	11/06/2015	12/06/2015	12/08/2015	0.70
11 Nov 2014	Interim	GBX	0.30	30/03/2014	30/09/2014	08/01/2015	09/01/2015	30/01/2015	-
13 May 2014	Final	GBX	0.35	31/03/2013	31/03/2014	11/06/2014	13/06/2014	13/08/2014	0.61
12 Nov 2013	Interim	GBX	0.26	30/03/2013	30/09/2013	08/01/2014	10/01/2014	31/01/2014	-
15 May 2013	Final	GBX	0.31	31/03/2012	31/03/2013	12/06/2013	14/06/2013	14/08/2013	0.53
14 Nov 2012	Interim	GBX	0.22	30/03/2012	30/09/2012	02/01/2013	04/01/2013	25/01/2013	-
16 May 2012	Final	GBX	0.26	31/03/2011	31/03/2012	13/06/2012	15/06/2012	15/08/2012	0.46
16 Nov 2011	Interim	GBX	0.20	30/03/2011	30/09/2011	04/01/2012	06/01/2012	27/01/2012	-
18 May 2011	Final	GBX	0.20	31/03/2010	31/03/2011	15/06/2011	17/06/2011	17/08/2011	0.40
17 Nov 2010	Interim	GBX	0.20	30/03/2010	30/09/2010	05/01/2011	07/01/2011	28/01/2011	-
19 May 2010	Final	GBX	0.20	31/03/2009	31/03/2010	16/06/2010	18/06/2010	18/08/2010	0.40
25 Nov 2009	Interim	GBX	0.20	30/03/2009	30/09/2009	06/01/2010	08/01/2010	22/01/2010	-
27 May 2009	Final	GBX	6.40	31/03/2008	31/03/2009	23/06/2009	25/06/2009	25/08/2009	12.80
26 Nov 2008	Interim	GBX	6.40	30/03/2008	30/09/2008	07/01/2009	09/01/2009	23/01/2009	-
28 May 2008	Final	GBX	13.40	31/03/2007	31/03/2008	25/06/2008	27/06/2008	26/08/2008	19.80
28 Nov 2007	Interim	GBX	6.40	30/03/2007	30/09/2007	02/01/2008	04/01/2008	25/01/2008	-
22 May 2007	Final	GBX	11.50	31/03/2006	31/03/2007	20/06/2007	22/06/2007	21/08/2007	17.00
21 Nov 2006	Interim	GBX	5.50	30/03/2006	30/09/2006	03/01/2007	05/01/2007	26/01/2007	-
30 May 2006	Final	GBX	9.40	31/03/2005	31/03/2006	28/06/2006	30/06/2006	29/08/2006	14.30
23 Nov 2005	Interim	GBX	4.90	30/03/2005	30/09/2005	04/01/2006	06/01/2006	27/01/2006	-
01 Jun 2005	Final	GBX	8.00	31/03/2004	31/03/2005	29/06/2005	01/07/2005	30/08/2005	12.30
24 Nov 2004	Interim	GBX	4.30	30/03/2004	30/09/2004	05/01/2005	07/01/2005	28/01/2005	-
03 Jun 2004	Final	GBX	6.80	31/03/2003	31/03/2004	28/07/2004	30/07/2004	27/08/2004	10.50
26 Nov 2003	Interim	GBX	3.70	27/03/2003	27/09/2003	03/01/2004	05/01/2004	30/01/2004	-
11 Jun 2003	Final	GBX	5.70	30/03/2002	30/03/2003	29/07/2003	01/08/2003	29/08/2003	9.00
27 Nov 2002	Interim	GBX	3.30	30/03/2002	30/09/2002	04/01/2003	06/01/2003	31/01/2003	-
12 Jun 2002	Final	GBX	5.00	28/03/2001	28/03/2002	31/07/2002	02/07/2002	30/08/2002	8.00
29 Nov 2001	Interim	GBX	3.00	30/03/2001	30/09/2001	02/01/2002	04/01/2002	31/01/2002	-
27 Jun 2001	Final	GBX	8.30	01/04/2000	01/04/2001	25/07/2001	27/07/2001	28/08/2001	13.90
27 Nov 2000	Interim	GBX	5.60	01/04/2000	01/10/2000	02/01/2001	08/01/2001	26/01/2001	-
26 Jun 2000	Final	GBX	8.30	02/04/1999	02/04/2000	03/07/2000	07/07/2000	28/07/2000	13.90
29 Nov 1999	Interim	GBX	5.60	03/04/1999	03/10/1999	29/12/1999	06/01/2000	28/01/2000	-
21 Jun 1999	Final	GBX	7.00	28/03/1998	28/03/1999	05/07/1999	09/07/1999	30/07/1999	12.10
23 Nov 1998	Interim	GBX	5.10	27/03/1998	27/09/1998	29/12/1998	05/01/1999	29/01/1999	-
22 Jun 1998	Final	GBX	6.65	29/03/1997	29/03/1998	29/06/1998	03/07/1998	31/07/1998	10.85

Speedy Hire Fundamentals

	31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)		31 Mar 2022 (GBP)
turnover	394.70	100.00%	406.70	100.00%	363.60	100.00%	386.80	100.00%	m
pre tax profit	27.20	6.89%	20.70	5.09%	12.30	3.38%	29.10	7.52%	m
attributable profit	22.10	5.60%	16.80	4.13%	9.50	2.61%	21.40	5.53%	m
retained profit	13.00	3.29%	5.90	1.45%	9.50	2.61%	10.10	2.61%	m
eps - basic (p)	4.26		3.23		1.82		4.13
eps - diluted (p)	4.22		3.19		1.79		4.07
dividends per share	2.00		-		1.40		2.20

Speedy Hire Balance Sheet

	31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)		31 Mar 2022 (GBP)


	31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)		31 Mar 2022 (GBP)
ASSETS
fixed assets	250.30	59.23%	257.60	52.49%	233.10	52.99%	331.00	68.15%	m
intangibles	38.50	9.11%	87.80	17.89%	83.80	19.05%	25.90	5.33%	m
fixed investments	5.80	1.37%	7.30	1.49%	6.20	1.41%	7.80	1.61%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	9.30	2.20%	8.70	1.77%	8.20	1.86%	8.10	1.67%	m
debtors	107.20	25.37%	106.60	21.72%	96.90	22.03%	110.40	22.73%	m
cash & securities	11.50	2.72%	22.80	4.65%	11.70	2.66%	2.50	0.51%	m

TOTAL	422.60	100%	490.80	100%	439.90	100%	485.70	100%	m

LIABILITIES
creditors - short	97.90	23.17%	117.50	23.94%	118.10	26.85%	122.70	25.26%	m
creditors - long	113.50	26.86%	163.40	33.29%	102.60	23.32%	136.60	28.12%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	211.40	50.02%	280.90	57.23%	220.70	50.17%	259.30	53.39%	m

EQUITY
ord cap, reserves	211.20	49.98%	209.90	42.77%	219.20	49.83%	226.40	46.61%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	211.20	49.98%	209.90	42.77%	219.20	49.83%	226.40	46.61%	m

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

Speedy Hire Cash Flow Statement

	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)	31 Mar 2021 (GBP)	31 Mar 2022 (GBP)
Operating CF	26.40	48.70	66.10	19.60	m
Pre-Financing CF	-9.80	45.20	69.70	5.50	m
Retained CF	6.00	12.40	-11.60	-10.40	m

Speedy Hire Brokers

Name	Activity	Type	Mnemonic	Code
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Oriel Securities Limited	Market Maker(MME)	Broker/Dealer	OREL	ORSNGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC