National Express (NEX)

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Company name:National Express Group Plc
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
 166.10 images.advfn.com/imagesnew/2/gb/down -0.3 [-0.18] 164.70 165.00 162.00 168.00 160.30 1,622,340
 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
 1,020.00 614.09 0.15 27.60 16.35 6.02 9.84 485.00 - 66.95

National Express Key Figures

(at previous day's close)
Market Cap.1,020.00m
Shares In Issue614.09m
Prev. Close166.40
PE Ratio6.02 
Dividend Yield9.84%
EPS - basic27.60p
Dividend PS16.35p
Dividend Cover1.69 
Cash Flow PS58.00p
Return On Equity (ROE)13.13%
Operating Margin6.81%
PEG Factor1.60 
EPS Growth Rate3.76%
Dividends PS Growth Rate10.03%
Net Debt2,817.50m
Gross Gearing74.76%
Quick Assets1,027.40m
Net Working Capital-756.50m
Intangibles / Fixed Assets56.74%
Turnover PS446.91p
Pre-Tax Profit PS30.45p
Retained Profit PS10.23p
Cash PS77.89p
Net Cash PS-217.40p
Net Tangible Asset Value PS *-134.74p
Net Asset Value PS181.16p
Spread0.30 (0.18%) 

National Express Balance Sheet

NEX:Liabilities+EQNEX:Assets

Share Price Performance

Sample Period HighLow
1 week185.40160.30
4 weeks249.60160.30
12 weeks284.60160.30
1 year485.0066.95

Share Price Chart (5 years)

National Express Historic Returns

Period OpenChange%Open Avg.Avg. Daily Vol [m]Total Vol [m]VWAP
1 week183.00-16.90-9.23160.302.05174.64
4 weeks216.60-50.50-23.31160.302.09205.55
12 weeks255.00-88.90-34.86160.302.16218.99
26 weeks473.60-307.50-64.9366.951.89232.21
1 year407.20-241.10-59.2166.951.22280.15
3 years362.40-196.30-54.1766.950.80333.18
5 years304.80-138.70-45.5166.950.74333.56

National Express Key Management Ratios

National Express Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio6.64 
PE Ratio6.02 
Tobin's Q Ratio 0.26 
Tobin's Q Ratio (excl. intangibles)0.48 
Dividend Yield9.84%
Market-to-Book Ratio0.95 
Price-to-Pre-Tax Profit PS5.45 
Price-to-Retained Profit PS16.24 
Price-to-Cash Flow PS2.86 
Price-to-Sales PS0.37 
Price-to-Net Tangible Asset Value PS-1.29 
Price-to-Cash PS2.13 
Net Working Capital PS-123.19 
Price Pct to Working Capital PS-1.35%
Earnings Yield16.62%
Average PE15.45 
Years in average5 
PE to PE average38.95%

National Express Financial Ratios

(Leverage Ratios)
Debt Ratio57.13%
Debt-to-Equity Ratio1.33 
Debt-to-Equity Ratio (excl. Intgbl)-1.88 
Debt-to-Equity Market Value1.45 
Net Gearing63.91%
Net Gearing (excl. Intangibles)112.41%
Gross Gearing74.76%
Gross Gearing (excl. Intangibles)131.49%
Gearing Under 1 Year41.13%
Gearing Under 1 Year (excl. Intgbl)72.34%
Assets/Equity3.96 
Cash/Equity42.99 
(Liquidity Ratios)
Net Working Capital to Total Assets-17.16%
Current Ratio0.58 
Quick Ratio (Acid Test)0.57 
Liquidity Ratio0.26 
Cash & Equiv/Current Assets45.26%
(Solvency Ratios)
Enterprise Value2,062.30m
CFO/Sales0.13 
CFO/Attributable Profit2.52 
CFO/Assets0.08 
CFO/Debt0.11 
Total Debt/Equity Market Value3.23 
Total Debt/Sales1.20 
Total Debt/Pre-Tax Profit17.62 
Total Debt3,295.80m
Total Debt/Net Current Assets-4.36%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth2.41%
5 yr Compound Earnings Growth5.72%
10 yr Compound Earnings Growth8.69%
Earn drops > 5% in 10yrs7 
Beta (60-Mnth)Beta (36-Mnth)
0.14910.1875

National Express Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)7.21%
Return On Assets (ROA)3.56%
Net Profit Margin5.14%
Assets Turnover0.69 
Return On Equity (ROE)13.13%
Return On Investment (ROI)5.53%
Dividend Payout Ratio59.24%
Plowback Ratio40.76%
Growth from Plowback Ratio5.12%
Net Income Of Revenues2.29%
(Asset Utilisation Multiples)
Shareholders Equity Turnover2.44 
Fixed Assets Turnover0.88 
Current Assets Turnover3.27 
Net Working Capital Turnover 
Inventory Turnover96.63 
(Other Operating Ratios)
Total Assets-to-Sales1.45 
Debtors-to-Sales18.22%
Debt Collection Period66.49Days

National Express Dividends

Announcement DateTypeCurr.Dividend AmountPeriod StartPeriod EndEx DateRecord DatePayment DateTotal Dividend Amount
27 Feb 2020FinalGBX11.1931/12/201831/12/201923/04/202024/04/202012/05/202016.35
25 Jul 2019InterimGBX5.1630/12/201830/06/201929/08/201930/08/201920/09/2019-
28 Feb 2019FinalGBX10.1731/12/201731/12/201822/04/201923/04/201914/05/201914.86
26 Jul 2018InterimGBX4.6930/12/201730/06/201830/08/201831/08/201821/09/2018-
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 2016 (GBP)31 Dec 2017 (GBP)31 Dec 2018 (GBP)31 Dec 2019 (GBP)
turnover2,103.70100.00%2,321.20100.00%2,450.70100.00%2,744.40100.00%m
pre tax profit136.306.48%156.406.74%177.707.25%187.006.81%m
attributable profit117.205.57%131.005.64%135.705.54%141.105.14%m
retained profit58.302.77%66.302.86%64.902.65%62.802.29%m
eps - basic (p)23.00 25.70 26.60 27.60 
eps - diluted (p)22.80 25.50 26.50 27.50 
dividends per share12.28 13.51 14.86 16.35 

National Express Balance Sheet

 31 Dec 2016 (GBP)31 Dec 2017 (GBP)31 Dec 2018 (GBP)31 Dec 2019 (GBP)
NEX:Liabilities+EQNEX:AssetsNEX:Liabilities+EQNEX:AssetsNEX:Liabilities+EQNEX:AssetsNEX:Liabilities+EQNEX:Assets
 31 Dec 2016 (GBP)31 Dec 2017 (GBP)31 Dec 2018 (GBP)31 Dec 2019 (GBP)
ASSETS
fixed assets fixed assets983.6028.64%968.2028.05%1,054.8029.92%1,348.2030.58%m
intangibles intangibles1,548.6045.08%1,633.4047.32%1,797.5050.98%1,901.8043.14%m
fixed investments fixed investments110.103.21%91.402.65%50.601.44%101.502.30%m
current assets - other current assets - other--%--%22.800.65%4.300.10%m
stocks stocks25.000.73%24.900.72%27.400.78%29.400.67%m
debtors debtors449.5013.09%419.3012.15%455.1012.91%544.8012.36%m
cash & securities cash & securities318.109.26%314.309.11%117.503.33%478.3010.85%m
TOTAL3,434.90100%3,451.50100%3,525.70100%4,408.30100%m
LIABILITIES
creditors - short creditors - short1,194.5034.78%926.7026.85%1,013.8028.75%1,813.3041.13%m
creditors - long creditors - long1,114.9032.46%1,358.4039.36%1,311.0037.18%1,482.5033.63%m
creditors - other creditors - other--%--%3.700.10%--%m
subordinated loans subordinated loans--%--%--%--%m
insurance funds insurance funds--%--%--%--%m
TOTAL2,309.4067.23%2,285.1066.21%2,328.5066.04%3,295.8074.76%m
EQUITY
ord cap, reserves ord cap, reserves1,106.8032.22%1,145.0033.17%1,174.3033.31%1,074.4024.37%m
prefs, minorities prefs, minorities18.700.54%21.400.62%22.900.65%38.100.86%m
TOTAL1,125.5032.77%1,166.4033.79%1,197.2033.96%1,112.5025.24%m
OTHER
NAV Basic- - - - 
NAV Diluted- - - - 

National Express Cash Flow Statement

31 Dec 2016 (GBP)31 Dec 2017 (GBP)31 Dec 2018 (GBP)31 Dec 2019 (GBP)
Operating CF316.60295.50306.80356.20m
Pre-Financing CF118.90122.5054.50105.20m
Retained CF257.80-8.90-198.50365.10m

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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