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Meggitt

Current Price 226.90p Bid 220.00p Ask 247.00p Change -7.61%
Last Updated: 02/04/2020 17:34. Prices delayed by at least 15 minutes.
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Company Overview

Meggitt designs and supplies systems and components for the global aerospace, defence and electronics industries. Products include unmanned air vehicles, aircraft fire detection systems and automobile climate control systems.

Financial Highlights Year Ended 31/12/2019

Revenue
£2,276.20m
Operating Profit/Loss
£325.30m
Dividend yield (%)
0.80
Total dividend for year
n/ap
Dividend cover
6.72
P/E Ratio
17.60

Key Personnel

Tony Wood
Chief Executive Officer

Stock Details

EPIC
MGGT
ISIN
GB0005758098
Shares in Issue
777.57m
Market cap
£1,764.30m

Analyst Views (2)

Strong Buy
 
0%
Buy
 
0%
Hold
 
0%
Sell
 
100.00%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
226.90p
Bid Price
220.00p
Ask Price
247.00p
Volume
6,370,610
Change Today
-18.70p
% Change Today
-7.61%
Open
243.30p
Previous Close
226.90p
Intraday High
257.42p
Intraday Low
224.60p
52 Week High
697.40p
52 Week Low
223.20p
52 week high and low figures quoted above are calculated from intraday price data.

Meggitt News

Air passenger traffic falls at steepest rate since 9/11 in February 02 Apr 2020 | 14:52 Thursday broker round-up 02 Apr 2020 | 13:34 FTSE 100 movers: Analysts cut target for Rolls Royce, buyers seek out Ocado 01 Apr 2020 | 16:40 Morgan Stanley upgrades Meggitt in positive aerospace note 31 Mar 2020 | 13:09 FTSE 100 movers: Defensives lead, alongside Big Oil 30 Mar 2020 | 17:21 JPMorgan says 75% chance Rolls-Royce may need to issue equity 30 Mar 2020 | 15:57 Monday broker round-up 30 Mar 2020 | 13:34 Meggitt pulls dividend as Covid-19 slams air industry 27 Mar 2020 | 07:38 US open: Boeing leads gains on hopes for economic relief package 25 Mar 2020 | 16:29 Meggitt chairman Rudd to stay on during crisis 25 Mar 2020 | 09:40 Airbus pulls dividend, secures fresh credit to shore up cash reserves 23 Mar 2020 | 12:10 FTSE 100 movers: Travel stocks up, Meggitt and Polymetal follow 20 Mar 2020 | 17:36 FTSE 100 movers: Travel & Leisure stocks find a bid, but Meggitt still unloved 19 Mar 2020 | 21:17 Thursday broker round-up 19 Mar 2020 | 15:38 Meggitt assures on finances as it leads ventilator consortium 19 Mar 2020 | 07:40 FTSE 100 movers: Grocers pace gains, Meggitt hit by air travel woes 18 Mar 2020 | 23:34 Credit Suisse says not all Aerospace and Defence firm dividends at risk 18 Mar 2020 | 19:00 Berenberg downgrades Meggitt on 'constrained' valuation 10 Mar 2020 | 10:47 Meggitt secures multi-million dollar contract extension with GE Aviation 09 Mar 2020 | 08:54 Meggitt signs $73m, five-year contract with Bell Textron 28 Feb 2020 | 07:53 Wednesday broker round-up 26 Feb 2020 | 12:57 Meggitt says coronavirus, 737 Max suspension to slow growth 25 Feb 2020 | 08:24 Credit Suisse lowers target price on Meggitt over 737 MAX concerns 20 Feb 2020 | 15:55 Thursday broker round-up 20 Feb 2020 | 14:22 Monday broker round-up 17 Feb 2020 | 14:32

Income Statement

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Continuing Operations
Revenue
2,276.20
2,080.60
Operating Profit/Loss
325.30
256.60
Net Interest
-38.60
-40.50
Pre-Tax Profit
286.70
216.10
Profit After Tax from continuing operations
222.60
179.00
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
222.60
179.00
Attributable to:
Equity Holders of Parent Company
222.60
179.00
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
16.6500p
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2019
31 Dec 2018
Basic
28.80p
23.20p
Diluted
28.30p
22.80p
Adjusted
37.30p
34.20p
Dividend per Share
n/ap
16.6500p

Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
449.40
404.00
Intangible Assets
3,064.10
3,221.00
Investment Properties
n/a
n/a
Investments
14.10
12.90
Other Financial Assets
14.60
10.00
Other Non-Current Assets
95.50
98.90
Current Assets
Inventories
489.80
441.20
Trade & Other Receivables
391.00
420.00
Cash at Bank & In Hand
155.30
181.90
Current Asset Investments
n/a
n/a
Other Current Assets
70.10
67.50
Other Assets
n/a
n/a
Total Assets
4,743.90
4,857.40

Liabilities

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Current Liabilities
Borrowings
235.80
26.30
Other Current Liabilities
649.30
591.70
Total Current Liabilities
885.10
618.00
Non-Current Liabilities
Borrowings
830.70
1,229.70
Provisions
219.70
245.60
Other Non-Current Liabilities
351.60
271.70
Total Non-Current Liabilities
1,402.00
1,747.00
Other Liabilities
n/a
n/a
Total Liabilities
2,287.10
2,365.00

Net Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Net Assets
2,456.80
2,492.40

Capital & Reserves

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Share Capital
38.80
38.80
Share Premium Account
1,226.50
1,223.90
Other Reserves
441.10
509.50
Retained Earnings
750.40
720.20
Shareholders Funds
2,456.80
2,492.40
Minority Interests/Other Equity
n/a
n/a
Total Equity
2,456.80
2,492.40

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
05 Sep 2019
04 Oct 2019
5.55p
Final
21 Mar 2019
03 May 2019
11.35p
Interim
06 Sep 2018
28 Sep 2018
5.30p
Final
22 Mar 2018
04 May 2018
10.80p
Interim
07 Sep 2017
29 Sep 2017
5.05p
Final
23 Mar 2017
05 May 2017
10.30p
Interim
08 Sep 2016
30 Sep 2016
4.80p
Final
28 Mar 2016
06 May 2016
9.80p
Interim
03 Sep 2015
02 Oct 2015
4.60p

Dividend Metrics

Year End Date
31 Dec 2019
31 Dec 2018
Dividend growth
-66.67%
5.05%
Dividend yield
0.80%
3.50%
Dividend cover
6.72
2.05
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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