Concurrent Technologies (CNC)

Company name:	Concurrent Technologies Plc
EPIC:	CNC	Trading Currency:	GBX
Market Sector:	AIMP	ISIN:	GB0002183191
Market Segment:	ASX1	Share Type:	DE
WWW Address:	http://www.cct.co.uk/	Description:	ORD 1P
Industry Sector:	TECHNOLOGY HARDWARE & EQUIPMENT

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
67.50	-1.0 [-1.46]	65.00	70.00	-	-	-	-
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
48.99	72.58	0.03	4.08	2.30	16.54	3.41	81.50 - 62.00

Concurrent Technologies Key Figures

(at previous day's close)
Market Cap.	48.99	m
Shares In Issue	72.58	m
Prev. Close	68.50
PE Ratio	16.54
Dividend Yield	3.41	%
EPS - basic	4.08	p
Dividend PS	2.30	p
Dividend Cover	1.77
Cash Flow PS	5.13	p
Return On Equity (ROE)	14.84	%
Operating Margin	17.89	%
PEG Factor	2.16
EPS Growth Rate	7.65	%
Dividends PS Growth Rate	4.55	%
Net Debt	-3.41	m
Gross Gearing	17.59	%
Quick Assets	11.47	m
Net Working Capital	12.75	m
Intangibles / Fixed Assets	91.89	%
Turnover PS	22.91	p
Pre-Tax Profit PS	4.10	p
Retained Profit PS	1.83	p
Cash PS	10.58	p
Net Cash PS	6.71	p
Net Tangible Asset Value PS *	16.54	p
Net Asset Value PS	27.55	p
Spread	5.00 (7.14%)
* 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.

Concurrent Technologies Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	72.50	64.50
4 weeks	72.50	64.50
12 weeks	73.00	62.00
1 year	81.50	62.00

Share Price Chart (5 years)

Concurrent Technologies Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	65.50	2.00	3.05	64.50	0.12		68.69
4 weeks	65.50	2.00	3.05	64.50	0.05		67.38
12 weeks	72.50	-5.00	-6.90	62.00	0.04		66.43
26 weeks	72.50	-5.00	-6.90	62.00	0.03		69.85
1 year	73.00	-5.50	-7.53	62.00	0.03		69.72
3 years	64.50	3.00	4.65	56.00	0.05		74.07
5 years	43.00	24.50	56.98	34.00	0.05		64.24
† periods calculated are whole weeks rather than calendar months

Concurrent Technologies Key Management Ratios

Concurrent Technologies Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	8.65
PE Ratio	16.54
Tobin's Q Ratio	2.09
Tobin's Q Ratio (excl. intangibles)	3.12
Dividend Yield	3.41	%
Market-to-Book Ratio	2.45
Price-to-Pre-Tax Profit PS	16.47
Price-to-Retained Profit PS	36.79
Price-to-Cash Flow PS	13.15
Price-to-Sales PS	2.95
Price-to-Net Tangible Asset Value PS	4.08
Price-to-Cash PS	6.38
Net Working Capital PS	17.57
Price Pct to Working Capital PS	3.84	%
Earnings Yield	6.04	%
Average PE	17.96
Years in average	5
PE to PE average	92.11	%

Concurrent Technologies Financial Ratios

(Leverage Ratios)
Debt Ratio	6.79	%
Debt-to-Equity Ratio	0.07
Debt-to-Equity Ratio (excl. Intgbl)	0.12
Debt-to-Equity Market Value	0.03
Net Gearing	-14.06	%
Net Gearing (excl. Intangibles)	-20.97	%
Gross Gearing	17.59	%
Gross Gearing (excl. Intangibles)	26.23	%
Gearing Under 1 Year	11.59	%
Gearing Under 1 Year (excl. Intgbl)	17.28	%
Assets/Equity	1.21
Cash/Equity	38.41
(Liquidity Ratios)
Net Working Capital to Total Assets	52.57	%
Current Ratio	5.54
Quick Ratio (Acid Test)	4.08
Liquidity Ratio	2.73
Cash & Equiv/Current Assets	49.34	%
(Solvency Ratios)
Enterprise Value	42.77	m
CFO/Sales	0.22
CFO/Attributable Profit	1.26
CFO/Assets	0.15
CFO/Debt	0.87
Total Debt/Equity Market Value	0.09
Total Debt/Sales	0.26
Total Debt/Pre-Tax Profit	1.44
Total Debt	4.27	m
Total Debt/Net Current Assets	0.33	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	1.52	%
5 yr Compound Earnings Growth	12.34	%
10 yr Compound Earnings Growth	1.40	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.0263	0.0348

Concurrent Technologies Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	13.86	%
Return On Assets (ROA)	12.68	%
Net Profit Margin	17.85	%
Assets Turnover	0.71
Return On Equity (ROE)	14.84	%
Return On Investment (ROI)	14.25	%
Dividend Payout Ratio	56.37	%
Plowback Ratio	43.63	%
Growth from Plowback Ratio	6.69	%
Net Income Of Revenues	8.01	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.86
Fixed Assets Turnover	2.01
Current Assets Turnover	1.10
Net Working Capital Turnover
Inventory Turnover	4.54
(Other Operating Ratios)
Total Assets-to-Sales	1.41
Debtors-to-Sales	20.56	%
Debt Collection Period	75.04	Days

Concurrent Technologies Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
10 Sep 2019	Interim	GBX	1.05	31/12/2018	31/12/2019	26/09/2019	27/09/2019	11/10/2019	-
14 Mar 2019	Interim	GBX	1.35	31/12/2017	31/12/2018	21/03/2019	22/03/2019	03/04/2019	2.30
12 Sep 2018	Interim	GBX	0.95	31/12/2017	31/12/2018	27/09/2018	28/09/2018	12/10/2018	-
08 Mar 2018	Interim	GBX	1.30	31/12/2016	31/12/2017	15/03/2018	16/03/2018	29/03/2018	2.20
18 Sep 2017	Interim	GBX	0.90	31/12/2016	31/12/2017	28/09/2017	29/09/2017	13/10/2017	-
24 Feb 2017	Interim	GBX	1.30	31/12/2015	31/12/2016	16/03/2017	17/03/2017	03/04/2017	2.10
26 Aug 2016	Interim	GBX	0.80	31/12/2015	31/12/2016	15/09/2016	16/09/2016	30/09/2016	-
18 Mar 2016	Final	GBX	1.20	31/12/2014	31/12/2015	29/03/2016	30/03/2016	05/04/2016	1.90
02 Sep 2015	Interim	GBX	0.70	31/12/2014	31/12/2015	10/09/2015	11/09/2015	18/09/2015	-
26 Mar 2015	Final	GBX	1.15	31/12/2013	31/12/2014	19/03/2015	20/03/2015	01/04/2015	1.80
26 Aug 2014	Interim	GBX	0.65	31/12/2013	31/12/2014	10/09/2014	12/09/2014	26/09/2014	-
25 Mar 2014	Final	GBX	1.10	31/12/2012	31/12/2013	24/03/2014	26/03/2014	04/04/2014	1.75
22 Aug 2013	Interim	GBX	0.65	31/12/2012	31/12/2013	11/09/2013	13/09/2013	27/09/2013	-
19 Mar 2013	Final	GBX	1.05	31/12/2011	31/12/2012	25/03/2013	27/03/2013	05/04/2013	1.70
05 Sep 2012	Interim	GBX	0.65	31/12/2011	31/12/2012	12/09/2012	14/09/2012	28/09/2012	-
06 Mar 2012	Final	GBX	1.00	31/12/2010	31/12/2011	14/03/2012	16/03/2012	02/04/2012	1.60
01 Sep 2011	Interim	GBX	0.60	31/12/2010	31/12/2011	07/09/2011	09/09/2011	23/09/2011	-
11 Mar 2011	Final	GBX	0.95	31/12/2009	31/12/2010	23/03/2011	25/03/2011	31/03/2011	1.50
31 Aug 2010	Interim	GBX	0.55	31/12/2009	31/12/2010	08/09/2010	10/09/2010	22/09/2010	-
02 Mar 2010	Final	GBX	0.90	31/12/2008	31/12/2009	10/03/2010	12/03/2010	01/04/2010	1.40
03 Sep 2009	Interim	GBX	0.50	30/12/2008	30/06/2009	09/09/2009	11/09/2009	25/09/2009	-
27 Apr 2009	Final	GBX	0.85	31/12/2007	31/12/2008	27/05/2009	29/05/2009	15/06/2009	1.30
04 Sep 2008	Interim	GBX	0.45	30/12/2007	30/06/2008	17/09/2008	19/09/2008	03/10/2008	-
18 Mar 2007	Final	GBX	0.80	31/12/2006	31/12/2007	28/05/2008	30/05/2008	13/06/2008	1.20
19 Sep 2007	Interim	GBX	0.40	30/12/2006	30/06/2007	03/10/2007	05/10/2007	02/11/2007	-
19 Mar 2007	Final	GBX	0.65	31/12/2005	31/12/2006	02/05/2007	04/05/2007	18/05/2007	1.00
12 Sep 2006	Interim	GBX	0.35	30/12/2005	30/06/2006	20/09/2006	22/09/2006	20/10/2006	-
06 Mar 2006	Final	GBX	0.50	31/12/2004	31/12/2005	03/05/2006	05/05/2006	19/05/2006	0.75
07 Mar 2005	Final	GBX	0.25	31/12/2003	31/12/2004	04/05/2005	06/05/2005	20/05/2005	0.50
21 Sep 2004	Interim	GBX	0.25	30/12/2003	30/06/2004	29/09/2004	01/10/2004	22/10/2004	-
10 Mar 2004	Final	GBX	0.25	31/12/2002	31/12/2003	14/04/2004	16/04/2004	30/04/2004	0.50
08 Sep 2003	Interim	GBX	0.25	30/12/2002	30/06/2003	24/09/2003	26/09/2003	24/10/2003	-
03 Mar 2003	Final	GBX	0.35	31/12/2001	31/12/2002	12/03/2003	14/03/2003	09/05/2003	0.35
15 Mar 2001	Final	GBX	0.50	31/12/1999	31/12/2000	18/04/2001	20/04/2001	30/04/2001	-
26 Mar 1998	Final	GBX	0.10	31/12/1996	31/12/1997	23/03/1998	27/03/1998	24/04/1998	-

Concurrent Technologies Fundamentals

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
turnover	17.07	100.00%	16.42	100.00%	16.22	100.00%	16.62	100.00%	m
pre tax profit	2.73	16.01%	2.90	17.67%	2.97	18.30%	2.97	17.89%	m
attributable profit	2.75	16.13%	2.83	17.23%	2.76	16.99%	2.97	17.85%	m
retained profit	1.41	8.27%	1.38	8.39%	1.16	7.12%	1.33	8.01%	m
eps - basic (p)	3.79		3.90		3.79		4.08
eps - diluted (p)	3.79		3.90		3.79		4.08
dividends per share	1.90		2.10		2.20		2.30

Concurrent Technologies 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	0.69	3.53%	0.41	1.90%	0.48	2.14%	0.70	2.91%	m
intangibles	6.31	32.21%	6.85	31.40%	7.40	32.81%	7.99	32.94%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	1.00	5.11%	1.00	4.59%	2.50	11.10%	-	-%	m
stocks	3.77	19.28%	3.24	14.86%	3.22	14.30%	4.10	16.89%	m
debtors	2.93	14.99%	3.53	16.20%	3.05	13.51%	3.79	15.62%	m
cash & securities	4.87	24.89%	6.77	31.06%	5.89	26.14%	7.68	31.65%	m

TOTAL	19.58	100%	21.81	100%	22.54	100%	24.26	100%	m

LIABILITIES
creditors - short	2.44	12.48%	2.83	13.00%	2.35	10.42%	2.81	11.59%	m
creditors - long	1.32	6.72%	1.30	5.95%	1.48	6.56%	1.46	6.00%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	3.76	19.20%	4.13	18.95%	3.83	16.98%	4.27	17.59%	m

EQUITY
ord cap, reserves	15.82	80.80%	17.67	81.05%	18.72	83.02%	19.99	82.41%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	15.82	80.80%	17.67	81.05%	18.72	83.02%	19.99	82.41%	m

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

Concurrent Technologies Cash Flow Statement

	31 Dec 2015 (GBP)	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)
Operating CF	4.13	5.41	4.63	3.72	m
Pre-Financing CF	0.63	3.03	0.79	3.44	m
Retained CF	-0.75	1.90	-0.88	-0.01	m

Concurrent Technologies Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Shore Capital Stockbrokers Ltd	Market Maker(MMF)	Broker/Dealer	SCAP	SHOCGB21
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC