Robinson (RBN)

Company name:	Robinson Plc
EPIC:	RBN	Trading Currency:	GBX
Market Sector:	AIMP	ISIN:	GB00B00K4418
Market Segment:	ASX1	Share Type:	DE
WWW Address:	http://www.robinsonpackaging.com/	Description:	ORD 0.5P
Industry Sector:	GENERAL INDUSTRIALS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
77.50	0.0 [0.00]	75.00	80.00	77.50	77.50	77.50	-
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
12.88	16.61	-0.11	4.20	5.50	18.45	7.10	88.50 - 64.50

Robinson Key Figures

(at previous day's close)
Market Cap.	12.88	m
Shares In Issue	16.61	m
Prev. Close	77.50
PE Ratio	18.45
Dividend Yield	7.10	%
EPS - basic	4.20	p
Dividend PS	5.50	p
Dividend Cover	0.76
Cash Flow PS	17.43	p
Return On Equity (ROE)	3.03	%
Operating Margin	2.09	%
PEG Factor	0.15
EPS Growth Rate	121.05	%
Dividends PS Growth Rate	-	%
Net Debt	16.07	m
Gross Gearing	43.19	%
Quick Assets	12.93	m
Net Working Capital	3.45	m
Intangibles / Fixed Assets	22.16	%
Turnover PS	197.44	p
Pre-Tax Profit PS	4.12	p
Retained Profit PS	-1.17	p
Cash PS	8.17	p
Net Cash PS	-66.77	p
Net Tangible Asset Value PS *	105.38	p
Net Asset Value PS	138.01	p
Spread	5.00 (6.25%)
* 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.

Robinson Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	80.00	76.00
4 weeks	80.00	76.00
12 weeks	80.00	71.50
1 year	88.50	64.50

Share Price Chart (5 years)

Robinson Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	80.00	-2.50	-3.13	76.00	0.00		77.73
4 weeks	80.00	-2.50	-3.13	76.00	0.01		79.80
12 weeks	79.50	-2.00	-2.52	71.50	0.01		77.54
26 weeks	80.50	-3.00	-3.73	71.50	0.01		78.72
1 year	66.00	11.50	17.42	64.50	0.01		77.24
3 years	135.00	-57.50	-42.59	60.50	0.01		89.58
5 years	144.00	-66.50	-46.18	60.50	0.01		124.14
† periods calculated are whole weeks rather than calendar months

Robinson Key Management Ratios

Robinson Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	2.77
PE Ratio	18.45
Tobin's Q Ratio	0.34
Tobin's Q Ratio (excl. intangibles)	0.40
Dividend Yield	7.10	%
Market-to-Book Ratio	0.56
Price-to-Pre-Tax Profit PS	18.80
Price-to-Retained Profit PS	-66.03
Price-to-Cash Flow PS	4.45
Price-to-Sales PS	0.39
Price-to-Net Tangible Asset Value PS	0.74
Price-to-Cash PS	9.48
Net Working Capital PS	20.75
Price Pct to Working Capital PS	3.74	%
Earnings Yield	5.42	%
Average PE	92.54
Years in average	5
PE to PE average	19.94	%

Robinson Financial Ratios

(Leverage Ratios)
Debt Ratio	17.84	%
Debt-to-Equity Ratio	0.22
Debt-to-Equity Ratio (excl. Intgbl)	0.28
Debt-to-Equity Market Value	0.39
Net Gearing	39.82	%
Net Gearing (excl. Intangibles)	46.00	%
Gross Gearing	43.19	%
Gross Gearing (excl. Intangibles)	49.89	%
Gearing Under 1 Year	30.85	%
Gearing Under 1 Year (excl. Intgbl)	35.64	%
Assets/Equity	1.76
Cash/Equity	5.92
(Liquidity Ratios)
Net Working Capital to Total Assets	8.54	%
Current Ratio	1.28
Quick Ratio (Acid Test)	1.04
Liquidity Ratio	0.11
Cash & Equiv/Current Assets	8.54	%
(Solvency Ratios)
Enterprise Value	16.50	m
CFO/Sales	0.09
CFO/Attributable Profit	4.17
CFO/Assets	0.07
CFO/Debt	0.17
Total Debt/Equity Market Value	1.35
Total Debt/Sales	0.53
Total Debt/Pre-Tax Profit	25.44
Total Debt	17.43	m
Total Debt/Net Current Assets	5.06	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	4.52	%
Earn drops > 5% in 10yrs	6

Beta (60-Mnth)	Beta (36-Mnth)
-0.1133	0.0262

Robinson Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	2.45	%
Return On Assets (ROA)	1.81	%
Net Profit Margin	2.12	%
Assets Turnover	0.86
Return On Equity (ROE)	3.03	%
Return On Investment (ROI)	2.69	%
Dividend Payout Ratio	130.95	%
Plowback Ratio	-30.95	%
Growth from Plowback Ratio	-0.94	%
Net Income Of Revenues	-0.59	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.43
Fixed Assets Turnover	1.38
Current Assets Turnover	2.26
Net Working Capital Turnover
Inventory Turnover	11.29
(Other Operating Ratios)
Total Assets-to-Sales	1.17
Debtors-to-Sales	32.87	%
Debt Collection Period	119.99	Days

Robinson Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
22 Mar 2019	Final	GBX	3.00	31/12/2017	31/12/2018	16/05/2019	17/05/2019	03/06/2019	5.50
22 Aug 2018	Interim	GBX	2.50	31/12/2017	31/12/2018	30/08/2018	31/08/2018	01/10/2018	-
23 Mar 2018	Final	GBX	3.00	31/12/2016	31/12/2017	17/05/2018	18/05/2018	01/06/2018	5.50
23 Aug 2017	Interim	GBX	2.50	31/12/2016	31/12/2017	31/08/2017	01/09/2017	02/10/2017	-
24 Mar 2017	Final	GBX	3.00	31/12/2015	31/12/2016	18/05/2017	19/05/2017	01/06/2017	5.50
17 Aug 2016	Interim	GBX	2.50	31/12/2015	31/12/2016	25/08/2016	26/08/2016	03/10/2016	-
18 Mar 2016	Final	GBX	3.00	31/12/2014	31/12/2015	12/05/2016	13/05/2016	01/06/2016	5.50
19 Aug 2015	Interim	GBX	2.50	31/12/2014	31/12/2015	27/08/2015	28/08/2015	01/10/2015	-
27 Mar 2015	Final	GBX	2.75	31/12/2013	31/12/2014	14/05/2015	15/05/2015	08/06/2015	5.00
20 Aug 2014	Interim	GBX	2.25	31/12/2013	31/12/2014	27/08/2014	29/08/2014	01/10/2014	-
20 Mar 2014	Final	GBX	2.50	31/12/2012	31/12/2013	14/05/2014	16/05/2014	02/06/2014	4.50
21 Aug 2013	Interim	GBX	2.00	31/12/2012	31/12/2013	28/08/2013	30/08/2013	01/10/2013	-
21 Mar 2013	Final	GBX	2.25	31/12/2011	31/12/2012	15/05/2013	17/05/2013	01/06/2013	4.00
22 Aug 2012	Interim	GBX	1.75	31/12/2011	31/12/2012	29/08/2012	31/08/2012	01/10/2012	-
23 Mar 2012	Final	GBX	2.00	31/12/2010	31/12/2011	16/05/2012	18/05/2012	01/06/2012	3.75
24 Aug 2011	Interim	GBX	1.75	31/12/2010	31/12/2011	31/08/2011	02/09/2011	03/10/2011	-
25 Mar 2011	Final	GBX	1.75	31/12/2009	31/12/2010	18/05/2011	20/05/2011	06/06/2011	3.25
25 Aug 2010	Interim	GBX	1.50	31/12/2009	31/12/2010	01/09/2010	03/09/2010	01/10/2010	-
26 Mar 2010	Final	GBX	1.75	31/12/2008	31/12/2009	19/05/2010	21/05/2010	07/06/2010	2.75
26 Aug 2009	Interim	GBX	1.00	01/07/2009	31/12/2009	02/09/2009	04/09/2009	01/10/2009	-
03 Apr 2009	Final	GBX	1.75	31/12/2007	31/12/2008	20/05/2009	22/05/2009	04/06/2009	3.25
20 Aug 2008	Interim	GBX	1.50	30/12/2007	30/06/2008	27/08/2008	29/08/2008	01/10/2008	-
14 Mar 2008	Final	GBX	1.75	31/12/2006	31/12/2007	30/04/2008	09/05/2008	06/06/2008	3.25
22 Aug 2007	Interim	GBX	1.50	30/12/2006	30/06/2007	29/08/2007	31/08/2007	01/10/2007	-
20 Mar 2007	Final	GBX	1.75	31/12/2005	31/12/2006	09/05/2007	11/05/2007	08/06/2007	3.25
23 Aug 2006	Interim	GBX	1.50	30/12/2005	30/06/2006	30/08/2006	01/09/2006	02/10/2006	-
24 Mar 2006	Final	GBX	1.75	31/12/2004	31/12/2005	10/05/2006	12/05/2006	09/06/2006	3.25
24 Aug 2005	Interim	GBX	1.50	30/12/2004	30/06/2005	31/08/2005	02/09/2005	03/10/2005	-
30 Mar 2005	Final	GBX	1.00	31/12/2003	31/12/2004	11/05/2005	13/05/2005	03/06/2005	3.00
11 Feb 2005	Interim	GBX	1.00	31/12/2003	31/12/2004	02/03/2005	04/03/2005	06/04/2005	-
25 Aug 2004	Interim	GBX	1.00	30/12/2003	30/06/2004	01/09/2004	03/09/2004	03/10/2004	-

Robinson Fundamentals

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
turnover	29.14	100.00%	27.46	100.00%	29.81	100.00%	32.80	100.00%	m
pre tax profit	0.77	2.66%	1.62	5.89%	0.63	2.11%	0.69	2.09%	m
attributable profit	0.10	0.33%	1.23	4.47%	0.31	1.05%	0.70	2.12%	m
retained profit	-0.74	-2.55%	0.35	1.28%	-0.59	-1.97%	-0.20	-0.59%	m
eps - basic (p)	0.60		7.50		1.90		4.20
eps - diluted (p)	0.60		7.30		1.90		4.20
dividends per share	5.50		5.50		5.50		5.50

Robinson 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	14.15	34.02%	14.83	43.52%	17.01	46.82%	19.04	47.18%	m
intangibles	7.92	19.04%	6.99	20.50%	6.20	17.07%	5.42	13.43%	m
fixed investments	3.75	9.01%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	2.07	4.98%	2.47	7.25%	2.84	7.81%	2.97	7.36%	m
debtors	9.02	21.68%	8.91	26.14%	10.00	27.52%	11.57	28.66%	m
cash & securities	4.69	11.27%	0.88	2.58%	0.28	0.78%	1.36	3.36%	m

TOTAL	41.60	100%	34.08	100%	36.34	100%	40.36	100%	m

LIABILITIES
creditors - short	14.16	34.04%	10.32	30.28%	12.52	34.47%	12.45	30.85%	m
creditors - long	2.88	6.92%	1.12	3.30%	0.76	2.08%	4.98	12.34%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	17.04	40.96%	11.45	33.58%	13.28	36.55%	17.43	43.19%	m

EQUITY
ord cap, reserves	24.56	59.04%	22.64	66.42%	23.06	63.45%	22.93	56.81%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	24.56	59.04%	22.64	66.42%	23.06	63.45%	22.93	56.81%	m

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

Robinson Cash Flow Statement

	31 Dec 2015 (GBP)	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)
Operating CF	4.94	2.63	1.76	2.90	m
Pre-Financing CF	3.90	-2.93	-0.70	-1.44	m
Retained CF	21.55	-5.03	-2.04	1.34	m

Robinson Brokers

Name	Activity	Type	Mnemonic	Code
Arbuthnot Securities Limited	Market Maker(MMF)	Broker/Dealer	ARBT	ALESGB31MKT
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC