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Spirent Communications Plc

Current Price 252.20p Bid 251.60p Ask 252.20p Change 1.61%
Last Updated: 02/07/2022 21:10. Prices delayed by at least 15 minutes.
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Company Overview

Communications technology business, Spirent, provides performance analysis and service assurance solutions to companies involved primarily in the internet broadband services, internet telephony and 3G wireless applications markets. The group was formerly known as Bowthorpe, but changed its name to Spirent in 2000.

Financial Highlights Year Ended 31/12/2021

Revenue
£576.00m
Operating Profit/Loss
£104.20m
Dividend yield (%)
2.00
Total dividend for year
$n/a
Dividend cover
2.45
P/E Ratio
20.00

Key Personnel

Mr Eric Updyke
Chief Executive Officer
Ms Paula Bell
Chief Financial Officer
Mr Edgar Masri
Independent Non-Executive Director
Mr Gary Bullard
Independent Non-Executive Director
Mr Wendy Koh
Independent Non-Executive Director
Ms Maggie Buggie
Independent Non-Executive Director
Mr Bill Thomas
Non-Executive Chairman
Mr Jonathan C Silver
Senior Independent Non-Executive Director

Stock Details

EPIC
SPTL
ISIN
GB0004726096
Shares in Issue
611.74m
Market cap
£1,542.81m

Analyst Views (2)

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

Price Summary

Mid Price
252.20p
Bid Price
251.60p
Ask Price
252.20p
Volume
239,855
Change Today
4.00p
% Change Today
1.61%
Open
249.20p
Previous Close
252.20p
Intraday High
255.00p
Intraday Low
243.70p
52 Week High
300.40p
52 Week Low
216.20p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
31 Dec 2021
31 Dec 2020
 
$ (M)
$ (M)
Continuing Operations
Revenue
576.00
522.40
Operating Profit/Loss
104.20
95.70
Net Interest
-0.60
0.10
Pre-Tax Profit
103.60
95.80
Profit After Tax from continuing operations
89.20
84.40
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
89.20
84.40
Attributable to:
Equity Holders of Parent Company
89.20
84.40
Minority Interests
n/a
n/a
Total Dividend Paid
$n/a
$n/a
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2021
31 Dec 2020
Basic
14.67c
13.84c
Diluted
14.54c
13.71c
Adjusted
16.59c
14.68c
Dividend per Share
$n/a
$n/a

Assets

Year End Date
31 Dec 2021
31 Dec 2020
 
$ (M)
$ (M)
Non-Current Assets
Property, Plant & Equipment
49.70
49.10
Intangible Assets
208.20
159.90
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
64.80
43.80
Current Assets
Inventories
26.00
22.30
Trade & Other Receivables
164.10
132.30
Cash at Bank & In Hand
174.80
241.20
Current Asset Investments
n/a
n/a
Other Current Assets
3.70
1.20
Other Assets
n/a
n/a
Total Assets
691.30
649.80

Liabilities

Year End Date
31 Dec 2021
31 Dec 2020
 
$ (M)
$ (M)
Current Liabilities
Borrowings
8.40
8.20
Other Current Liabilities
168.30
147.00
Total Current Liabilities
176.70
155.20
Non-Current Liabilities
Borrowings
21.40
20.00
Provisions
10.50
5.60
Other Non-Current Liabilities
35.20
26.20
Total Non-Current Liabilities
67.10
51.80
Other Liabilities
n/a
n/a
Total Liabilities
243.80
207.00

Net Assets

Year End Date
31 Dec 2021
31 Dec 2020
 
$ (M)
$ (M)
Net Assets
447.50
442.80

Capital & Reserves

Year End Date
31 Dec 2021
31 Dec 2020
 
$ (M)
$ (M)
Share Capital
27.50
27.90
Share Premium Account
27.20
27.60
Other Reserves
42.10
41.60
Retained Earnings
350.70
345.70
Shareholders Funds
447.50
442.80
Minority Interests/Other Equity
n/a
n/a
Total Equity
447.50
442.80

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
17 Mar 2022
10 May 2022
3.34p
Interim
12 Aug 2021
17 Sep 2021
1.72p
Final
18 Mar 2021
30 Apr 2021
2.78p
Final
18 Mar 2021
30 Apr 2021
2.78p
Interim
13 Aug 2020
11 Sep 2020
1.67p
Final
12 Mar 2020
01 May 2020
2.70p
Interim
08 Aug 2019
06 Sep 2019
1.59p
Final
14 Mar 2019
03 May 2019
2.08p
Interim
09 Aug 2018
07 Sep 2018
1.34p
Special
15 Mar 2018
04 May 2018
3.60p
Final
15 Mar 2018
04 May 2018
1.73p
Interim
10 Aug 2017
08 Sep 2017
1.27p
Final
09 Mar 2017
05 May 2017
1.80p
Interim
11 Aug 2016
09 Sep 2016
1.27p
Final
04 Mar 2009
08 May 2009
0.60p
Final
04 Mar 2009
08 May 2009
0.60p
Interim
13 Aug 2008
15 Oct 2008
0.50p
Interim
13 Aug 2008
15 Oct 2008
0.50p

Dividend Metrics

Year End Date
31 Dec 2021
31 Dec 2020
Dividend growth
11.92%
12.06%
Dividend yield
2.00%
1.90%
Dividend cover
2.45
2.43


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