Senior (SNR)

Company name:	Senior Plc
EPIC:	SNR	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB0007958233
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.seniorplc.com/	Description:	10P
Industry Sector:	AEROSPACE & DEFENCE

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
176.00	2.0 [1.15]	175.30	175.70	170.10	176.30	170.10	2,578,200
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
738.17	419.42	0.03	11.99	7.42	14.68	4.22	288.20 - 170.10

Senior Key Figures

(at previous day's close)
Market Cap.	738.17	m
Shares In Issue	419.42	m
Prev. Close	174.00
PE Ratio	14.68
Dividend Yield	4.22	%
EPS - basic	11.99	p
Dividend PS	7.42	p
Dividend Cover	1.62
Cash Flow PS	24.01	p
Return On Equity (ROE)	8.82	%
Operating Margin	5.66	%
PEG Factor	-0.88
EPS Growth Rate	-16.68	%
Dividends PS Growth Rate	6.76	%
Net Debt	439.30	m
Gross Gearing	44.55	%
Quick Assets	187.80	m
Net Working Capital	133.90	m
Intangibles / Fixed Assets	51.52	%
Turnover PS	258.00	p
Pre-Tax Profit PS	14.62	p
Retained Profit PS	4.89	p
Cash PS	4.10	p
Net Cash PS	-51.14	p
Net Tangible Asset Value PS *	54.50	p
Net Asset Value PS	135.47	p
Spread	0.40 (0.23%)
* 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.

Senior Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	180.60	170.10
4 weeks	206.00	170.10
12 weeks	212.60	170.10
1 year	288.20	170.10

Share Price Chart (5 years)

Senior Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	179.40	-3.40	-1.90	170.10	1.90		175.51
4 weeks	201.60	-25.60	-12.70	170.10	1.14		181.55
12 weeks	206.00	-30.00	-14.56	170.10	0.89		192.07
26 weeks	226.00	-50.00	-22.12	170.10	0.87		207.99
1 year	285.40	-109.40	-38.33	170.10	0.95		217.63
3 years	216.50	-40.50	-18.71	161.00	1.07		238.08
5 years	260.00	-84.00	-32.31	161.00	0.96		243.72
† periods calculated are whole weeks rather than calendar months

Senior Key Management Ratios

Senior Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	8.18
PE Ratio	14.68
Tobin's Q Ratio	0.75
Tobin's Q Ratio (excl. intangibles)	1.14
Dividend Yield	4.22	%
Market-to-Book Ratio	1.30
Price-to-Pre-Tax Profit PS	12.04
Price-to-Retained Profit PS	36.01
Price-to-Cash Flow PS	7.33
Price-to-Sales PS	0.68
Price-to-Net Tangible Asset Value PS	3.23
Price-to-Cash PS	42.92
Net Working Capital PS	31.93
Price Pct to Working Capital PS	5.51	%
Earnings Yield	6.81	%
Average PE	18.30
Years in average	5
PE to PE average	80.23	%

Senior Financial Ratios

(Leverage Ratios)
Debt Ratio	28.35	%
Debt-to-Equity Ratio	0.40
Debt-to-Equity Ratio (excl. Intgbl)	0.98
Debt-to-Equity Market Value	0.30
Net Gearing	42.87	%
Net Gearing (excl. Intangibles)	64.12	%
Gross Gearing	44.55	%
Gross Gearing (excl. Intangibles)	66.63	%
Gearing Under 1 Year	22.61	%
Gearing Under 1 Year (excl. Intgbl)	33.82	%
Assets/Equity	1.80
Cash/Equity	3.03
(Liquidity Ratios)
Net Working Capital to Total Assets	13.07	%
Current Ratio	1.58
Quick Ratio (Acid Test)	0.81
Liquidity Ratio	0.07
Cash & Equiv/Current Assets	4.70	%
(Solvency Ratios)
Enterprise Value	945.77	m
CFO/Sales	0.09
CFO/Attributable Profit	2.01
CFO/Assets	0.10
CFO/Debt	0.22
Total Debt/Equity Market Value	0.62
Total Debt/Sales	0.42
Total Debt/Pre-Tax Profit	7.45
Total Debt	456.50	m
Total Debt/Net Current Assets	3.41	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	3.42	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	2.05	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.0306	0.1917

Senior Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	7.73	%
Return On Assets (ROA)	5.07	%
Net Profit Margin	4.63	%
Assets Turnover	1.10
Return On Equity (ROE)	8.82	%
Return On Investment (ROI)	6.76	%
Dividend Payout Ratio	61.88	%
Plowback Ratio	38.12	%
Growth from Plowback Ratio	3.47	%
Net Income Of Revenues	1.89	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.97
Fixed Assets Turnover	1.69
Current Assets Turnover	3.12
Net Working Capital Turnover
Inventory Turnover	6.51
(Other Operating Ratios)
Total Assets-to-Sales	0.91
Debtors-to-Sales	15.18	%
Debt Collection Period	55.40	Days

Senior Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
05 Aug 2019	Interim	GBX	2.28	31/12/2018	31/12/2019	31/10/2019	01/11/2019	29/11/2019	-
04 Mar 2019	Final	GBX	5.23	31/12/2017	31/12/2018	02/05/2019	03/05/2019	31/05/2019	7.42
30 Jul 2018	Interim	GBX	2.19	31/12/2017	31/12/2018	01/11/2018	02/11/2018	30/11/2018	-
26 Feb 2018	Final	GBX	4.90	31/12/2016	31/12/2017	03/05/2018	04/05/2018	31/05/2018	6.95
31 Jul 2017	Interim	GBX	2.05	31/12/2016	31/12/2017	19/10/2017	20/10/2017	30/11/2017	-
27 Feb 2017	Final	GBX	4.62	31/12/2015	31/12/2016	27/04/2017	28/04/2017	26/05/2017	6.57
01 Aug 2016	Interim	GBX	1.95	31/12/2015	31/12/2016	20/10/2016	21/10/2016	30/11/2016	-
29 Feb 2016	Final	GBX	4.36	31/12/2014	31/12/2015	28/04/2016	29/04/2016	31/05/2016	6.20
27 Jul 2015	Interim	GBX	1.84	31/12/2014	31/12/2015	22/10/2015	23/10/2015	30/11/2015	-
02 Mar 2015	Final	GBX	3.96	31/12/2013	31/12/2014	30/04/2015	01/05/2015	29/05/2015	5.63
04 Aug 2014	Interim	GBX	1.67	31/12/2013	31/12/2014	22/10/2014	24/10/2014	28/11/2014	-
03 Mar 2014	Final	GBX	3.60	31/12/2012	31/12/2013	30/04/2014	02/05/2014	30/05/2014	5.12
29 Jul 2013	Interim	GBX	1.52	31/12/2012	31/12/2013	23/10/2013	25/10/2013	29/11/2013	-
25 Feb 2013	Final	GBX	3.27	31/12/2011	31/12/2012	01/05/2013	03/05/2013	31/05/2013	4.65
23 Jul 2012	Interim	GBX	1.38	31/12/2011	31/12/2012	24/10/2012	26/10/2012	30/11/2012	-
27 Feb 2012	Final	GBX	2.65	31/12/2010	31/12/2011	02/05/2012	04/05/2012	31/05/2012	3.80
01 Aug 2011	Interim	GBX	1.15	31/12/2010	31/12/2011	26/10/2011	28/10/2011	30/11/2011	-
28 Feb 2011	Final	GBX	2.12	31/12/2009	31/12/2010	04/05/2011	06/05/2011	31/05/2011	3.12
02 Aug 2010	Interim	GBX	1.00	31/12/2009	31/12/2010	27/10/2010	29/10/2010	29/11/2010	-
01 Mar 2010	Final	GBX	1.70	31/12/2008	31/12/2009	28/04/2010	30/04/2010	28/05/2010	2.60
03 Aug 2009	Interim	GBX	0.90	30/12/2008	30/06/2009	28/10/2009	30/10/2009	30/11/2009	-
02 Mar 2009	Final	GBX	1.70	31/12/2007	31/12/2008	29/04/2009	01/05/2009	29/05/2009	2.40
04 Aug 2008	Interim	GBX	0.90	30/12/2007	30/06/2008	29/10/2008	31/10/2008	28/11/2008	-
03 Mar 2008	Final	GBX	1.70	31/12/2006	31/12/2007	30/04/2008	02/05/2008	30/05/2008	2.40
02 Aug 2007	Interim	GBX	0.70	30/06/2006	30/06/2007	31/10/2007	02/11/2007	30/11/2007	-
25 Feb 2007	Final	GBX	1.38	31/12/2005	31/12/2006	02/05/2007	04/05/2007	31/05/2007	2.00
02 Aug 2006	Interim	GBX	0.62	30/12/2005	30/06/2006	01/11/2006	03/11/2006	30/11/2006	-
02 Mar 2006	Final	GBX	1.35	31/12/2004	31/12/2005	03/05/2006	05/05/2006	31/05/2006	2.00
05 Aug 2005	Interim	GBX	0.65	30/12/2004	30/06/2005	26/10/2005	28/10/2005	25/11/2005	-
03 Mar 2005	Final	GBX	1.35	31/12/2003	31/12/2004	27/04/2005	29/04/2005	27/05/2005	2.00
05 Aug 2004	Interim	GBX	0.65	30/12/2003	30/06/2004	27/10/2004	29/10/2004	26/11/2004	-
04 Mar 2004	Final	GBX	1.35	31/12/2002	31/12/2003	28/04/2004	30/04/2004	27/05/2004	2.00
07 Aug 2003	Interim	GBX	0.65	30/12/2002	30/06/2003	29/10/2003	31/10/2003	28/11/2003	-
06 Mar 2003	Final	GBX	1.35	31/12/2001	31/12/2002	30/04/2003	02/05/2003	29/05/2003	2.00
08 Aug 2002	Interim	GBX	0.65	30/12/2001	30/06/2002	30/10/2002	01/11/2002	29/11/2002	-
14 Mar 2002	Final	GBX	0.16	31/12/2000	31/12/2001	01/05/2002	03/05/2002	30/05/2002	2.00
06 Sep 2001	Interim	GBX	1.84	30/12/2000	30/06/2001	31/10/2001	02/11/2001	30/11/2001	-
15 Mar 2001	Final	GBX	3.04	31/12/1999	31/12/2000	02/05/2001	04/05/2001	04/06/2001	4.88
07 Sep 2000	Interim	GBX	1.84	30/06/1999	30/06/2000	30/10/2000	03/11/2000	30/11/2000	-
22 Mar 2000	Final	GBX	3.04	31/12/1998	31/12/1999	25/04/2000	02/05/2000	05/06/2000	4.88
02 Sep 1999	Interim	GBX	1.84	30/12/1998	30/06/1999	01/11/1999	05/11/1999	30/11/1999	-
09 Mar 1999	Final	GBX	2.92	31/12/1997	31/12/1998	26/04/1999	30/04/1999	03/06/1999	4.69
03 Sep 1998	Interim	GBX	1.77	30/12/1997	30/06/1998	26/10/1998	30/10/1998	27/11/1998	-
02 Apr 1998	Final	GBX	2.64	31/12/1996	31/12/1997	27/04/1998	01/05/1998	03/06/1998	4.24

Senior Fundamentals

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
turnover	849.50	100.00%	917.00	100.00%	1,023.40	100.00%	1,082.10	100.00%	m
pre tax profit	63.80	7.51%	55.50	6.05%	52.20	5.10%	61.30	5.66%	m
attributable profit	48.50	5.71%	45.40	4.95%	60.30	5.89%	50.10	4.63%	m
retained profit	24.20	2.85%	19.00	2.07%	32.40	3.17%	20.50	1.89%	m
eps - basic (p)	11.59		10.84		14.39		11.99
eps - diluted (p)	11.47		10.83		14.30		11.83
dividends per share	6.20		6.57		6.95		7.42

Senior 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	206.60	23.99%	254.20	26.04%	256.10	26.94%	285.60	27.87%	m
intangibles	356.60	41.40%	379.30	38.85%	344.00	36.18%	339.60	33.14%	m
fixed investments	1.10	0.13%	5.70	0.58%	21.80	2.29%	33.90	3.31%	m
current assets - other	1.80	0.21%	4.20	0.43%	3.90	0.41%	-	-%	m
stocks	126.90	14.73%	154.40	15.81%	154.50	16.25%	177.80	17.35%	m
debtors	153.90	17.87%	161.00	16.49%	157.90	16.61%	170.60	16.65%	m
cash & securities	14.40	1.67%	17.50	1.79%	12.60	1.33%	17.20	1.68%	m

TOTAL	861.30	100%	976.30	100%	950.80	100%	1,024.70	100%	m

LIABILITIES
creditors - short	190.60	22.13%	235.30	24.10%	260.50	27.40%	231.70	22.61%	m
creditors - long	239.80	27.84%	240.50	24.63%	158.70	16.69%	224.80	21.94%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	430.40	49.97%	475.80	48.74%	419.20	44.09%	456.50	44.55%	m

EQUITY
ord cap, reserves	430.90	50.03%	500.50	51.26%	531.60	55.91%	568.20	55.45%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	430.90	50.03%	500.50	51.26%	531.60	55.91%	568.20	55.45%	m

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

Senior Cash Flow Statement

	31 Dec 2015 (GBP)	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)
Operating CF	99.40	100.30	110.90	100.70	m
Pre-Financing CF	-52.30	50.30	59.00	45.80	m
Retained CF	3.60	2.50	-6.60	6.30	m

Senior Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
Arden Partners Plc	Market Maker(MME)	Broker/Dealer	ARDA	ARRRGB2100A
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
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
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Shore Capital Stockbrokers Ltd	Market Maker(MME)	Broker/Dealer	SCAP	SHOCGB21
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