GDWN

Goodwin (GDWN)

Company name:	Goodwin Plc
EPIC:	GDWN	Trading Currency:	GBX
Market Sector:	ON15	ISIN:	GB0003781050
Market Segment:	SET3	Share Type:	DE
WWW Address:	http://www.goodwin.co.uk/	Description:	ORD 10P
Industry Sector:	INDUSTRIAL ENGINEERING

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
3,575.00	-50.0 [-1.38]	3,450.00	3,700.00	-	-	-	1,030
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
274.90	7.69	0.37	169.14	107.80	21.14	3.02	3,950.00 - 2,350.00

Goodwin Key Figures

Key Figures
(at previous day's close)
Market Cap.	274.90	m
Shares In Issue	7.69	m
Prev. Close	3,625.00
PE Ratio	21.14
Dividend Yield	3.02	%
EPS - basic	169.14	p
Dividend PS	107.80	p
Dividend Cover	1.57
Cash Flow PS	234.00	p
Return On Equity (ROE)	11.26	%
Operating Margin	13.84	%
PEG Factor	26.87
EPS Growth Rate	0.79	%
Dividends PS Growth Rate	5.44	%
Net Debt	87.59	m
Gross Gearing	45.32	%
Quick Assets	56.38	m
Net Working Capital	47.49	m
Intangibles / Fixed Assets	20.30	%
Turnover PS	1,874.06	p
Pre-Tax Profit PS	259.32	p
Retained Profit PS	66.56	p
Cash PS	151.52	p
Net Cash PS	-489.05	p
Net Tangible Asset Value PS *	1,176.82	p
Net Asset Value PS	1,557.21	p
Spread	250.00 (6.76%)
* 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.

Goodwin Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	3,800.00	3,450.00
4 weeks	3,950.00	3,320.00
12 weeks	3,950.00	3,000.00
1 year	3,950.00	2,350.00

Share Price Chart (5 years)

Goodwin Historic Returns

%1$s Historic Returns
Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	3,720.00	-145.00	-3.90	3,450.00	0.00		3,594.74
4 weeks	3,320.00	255.00	7.68	3,320.00	0.00		3,707.51
12 weeks	3,200.00	375.00	11.72	3,000.00	0.00		3,444.39
26 weeks	2,660.00	915.00	34.40	2,500.00	0.00		3,100.95
1 year	3,290.00	285.00	8.66	2,350.00	0.00		2,903.20
3 years	3,500.00	75.00	2.14	1,750.00	0.00		3,006.00
5 years	1,900.00	1,675.00	88.16	1,650.00	0.00		2,836.24
† periods calculated are whole weeks rather than calendar months

Goodwin Key Management Ratios

DEEPER ANALYSIS

Goodwin Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	9.57
PE Ratio	21.14
Tobin's Q Ratio	1.30
Tobin's Q Ratio (excl. intangibles)	1.48
Dividend Yield	3.02	%
Market-to-Book Ratio	2.38
Price-to-Pre-Tax Profit PS	13.79
Price-to-Retained Profit PS	53.71
Price-to-Cash Flow PS	15.28
Price-to-Sales PS	1.91
Price-to-Net Tangible Asset Value PS	2.90
Price-to-Cash PS	23.59
Net Working Capital PS	617.52
Price Pct to Working Capital PS	5.79	%
Earnings Yield	4.73	%
Average PE	18.54
Years in average	5
PE to PE average	114.00	%

Goodwin Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	29.45	%
Debt-to-Equity Ratio	0.42
Debt-to-Equity Ratio (excl. Intgbl)	0.53
Debt-to-Equity Market Value	0.18
Net Gearing	40.00	%
Net Gearing (excl. Intangibles)	45.11	%
Gross Gearing	45.32	%
Gross Gearing (excl. Intangibles)	51.11	%
Gearing Under 1 Year	22.49	%
Gearing Under 1 Year (excl. Intgbl)	25.37	%
Assets/Equity	1.83
Cash/Equity	9.73
(Liquidity Ratios)
Net Working Capital to Total Assets	21.68	%
Current Ratio	1.96
Quick Ratio (Acid Test)	1.14
Liquidity Ratio	0.24
Cash & Equiv/Current Assets	12.04	%
(Solvency Ratios)
Enterprise Value	317.67	m
CFO/Sales	0.12
CFO/Attributable Profit	1.39
CFO/Assets	0.08
CFO/Debt	0.18
Total Debt/Equity Market Value	0.36
Total Debt/Sales	0.69
Total Debt/Pre-Tax Profit	4.98
Total Debt	99.24	m
Total Debt/Net Current Assets	2.09	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	16.15	%
5 yr Compound Earnings Growth	7.45	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	7

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.3660	0.6248

Goodwin Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	11.75	%
Return On Assets (ROA)	6.16	%
Net Profit Margin	9.01	%
Assets Turnover	0.68
Return On Equity (ROE)	11.26	%
Return On Investment (ROI)	7.95	%
Dividend Payout Ratio	63.73	%
Plowback Ratio	36.27	%
Growth from Plowback Ratio	4.12	%
Net Income Of Revenues	3.55	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.26
Fixed Assets Turnover	1.24
Current Assets Turnover	1.53
Net Working Capital Turnover
Inventory Turnover	3.85
(Other Operating Ratios)
Total Assets-to-Sales	1.46
Debtors-to-Sales	30.09	%
Debt Collection Period	109.85	Days

Goodwin Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
03 Aug 2022	Final	GBX	107.80	30/04/2021	30/04/2022	15/09/2022	16/09/2022	07/10/2022	107.80
11 Aug 2021	Final	GBX	102.24	30/04/2020	30/04/2021	16/09/2021	17/09/2021	08/10/2021	102.24
13 Aug 2020	Final	GBX	81.71	30/04/2019	30/04/2020	10/09/2020	11/09/2020	09/10/2020	81.71
22 Aug 2019	Final	GBX	96.21	30/04/2018	30/04/2019	05/09/2019	06/09/2019	04/10/2019	96.21
26 Jul 2018	Final	GBX	83.47	30/04/2017	30/04/2018	06/09/2018	07/09/2018	05/10/2018	83.47
22 Aug 2017	Final	GBX	42.35	30/04/2016	30/04/2017	07/09/2017	08/09/2017	06/10/2017	42.35
29 Jul 2016	Final	GBX	42.35	30/04/2015	30/04/2016	08/09/2016	09/09/2016	07/10/2016	42.35
24 Jul 2015	Final	GBX	42.35	30/04/2014	30/04/2015	10/09/2015	11/09/2015	09/10/2015	42.35
25 Jul 2014	Final	GBX	42.35	30/04/2013	30/04/2014	10/09/2014	12/09/2014	10/10/2014	42.35
26 Jul 2013	Final	GBX	35.29	30/04/2012	30/04/2013	11/09/2013	13/09/2013	11/10/2013	35.29
27 Jul 2012	Final	GBX	32.08	30/04/2011	30/04/2012	12/09/2012	14/09/2012	15/10/2012	32.08
26 Aug 2011	Final	GBX	29.17	30/04/2010	30/04/2011	14/09/2011	16/09/2011	14/10/2011	29.17
23 Aug 2010	Final	GBX	27.77	30/04/2009	30/04/2010	15/09/2010	17/09/2010	15/10/2010	27.77
21 Aug 2009	Final	GBX	27.77	30/04/2008	30/04/2009	16/09/2009	18/09/2009	16/10/2009	27.77
22 Aug 2008	Final	GBX	23.00	30/04/2007	30/04/2008	10/10/2008	12/10/2008	07/11/2008	23.00
24 Aug 2007	Final	GBX	18.40	30/04/2006	30/04/2007	10/10/2007	12/10/2007	12/11/2007	18.40
25 Aug 2006	Final	GBX	15.28	30/04/2005	30/04/2006	04/10/2006	06/10/2006	03/11/2006	15.28
25 Aug 2005	Final	GBX	13.89	30/04/2004	30/04/2005	05/10/2005	07/10/2005	04/11/2005	13.89
27 Aug 2004	Final	GBX	11.81	30/04/2003	30/04/2004	06/10/2004	08/10/2004	05/11/2004	11.81
22 Aug 2003	Final	GBX	10.42	30/04/2002	30/04/2003	01/10/2003	03/10/2003	07/11/2003	10.42
23 Aug 2002	Final	GBX	5.55	30/04/2001	30/04/2002	09/09/2002	11/09/2002	08/11/2002	5.55
24 Aug 2001	Final	GBX	4.17	30/04/2000	30/04/2001	30/04/2001	05/10/2001	07/11/2001	4.17
22 Sep 2000	Final	GBX	1.47	30/04/1999	30/04/2000	09/10/2000	13/10/2000	10/11/2000	1.47
24 Sep 1999	Final	GBX	2.94	30/04/1998	30/04/1999	04/10/1999	08/10/1999	08/11/1999	2.94
25 Sep 1998	Final	GBX	2.94	30/04/1997	30/04/1998	05/10/1998	09/10/1998	09/11/1998	2.94

Goodwin Fundamentals

Profit and Loss Account
	30 Apr 2019 (GBP)		30 Apr 2020 (GBP)		30 Apr 2021 (GBP)		30 Apr 2022 (GBP)
turnover	127.05	100.00%	144.51	100.00%	131.23	100.00%	144.11	100.00%	m
pre tax profit	16.41	12.92%	12.12	8.38%	16.51	12.58%	19.94	13.84%	m
attributable profit	11.51	9.06%	7.87	5.44%	13.01	9.91%	12.98	9.01%	m
retained profit	5.38	4.23%	0.94	0.65%	6.99	5.33%	5.12	3.55%	m
eps - basic (p)	159.79		107.93		167.82		169.14
eps - diluted (p)	149.65		103.31		164.23		169.14
dividends per share	96.21		81.71		102.24		107.80

Goodwin Balance Sheet

Balance Sheet
	30 Apr 2019 (GBP)		30 Apr 2020 (GBP)		30 Apr 2021 (GBP)		30 Apr 2022 (GBP)


	30 Apr 2019 (GBP)		30 Apr 2020 (GBP)		30 Apr 2021 (GBP)		30 Apr 2022 (GBP)
ASSETS
fixed assets	74.11	39.12%	69.63	36.21%	80.75	39.90%	93.79	42.83%	m
intangibles	22.35	11.80%	30.04	15.62%	24.81	12.26%	24.82	11.33%	m
fixed investments	5.14	2.71%	2.27	1.18%	5.13	2.53%	3.64	1.66%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	50.52	26.67%	44.89	23.35%	34.55	17.07%	40.36	18.43%	m
debtors	27.68	14.61%	35.61	18.52%	42.01	20.76%	44.73	20.43%	m
cash & securities	9.64	5.09%	9.84	5.12%	15.16	7.49%	11.65	5.32%	m

TOTAL	189.44	100%	192.27	100%	202.41	100%	218.98	100%	m

LIABILITIES
creditors - short	58.06	30.65%	63.48	33.01%	45.49	22.48%	49.26	22.49%	m
creditors - long	22.09	11.66%	19.20	9.98%	38.89	19.21%	49.98	22.82%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	80.15	42.31%	82.67	43.00%	84.38	41.69%	99.24	45.32%	m

EQUITY
ord cap, reserves	105.17	55.51%	105.02	54.62%	113.14	55.90%	115.31	52.66%	m
prefs, minorities	4.13	2.18%	4.59	2.38%	4.89	2.41%	4.43	2.02%	m

TOTAL	109.29	57.69%	109.60	57.00%	118.03	58.31%	119.74	54.68%	m

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

Goodwin Cash Flow Statement

%1$s Cash Flow Statement
	30 Apr 2019 (GBP)	30 Apr 2020 (GBP)	30 Apr 2021 (GBP)	30 Apr 2022 (GBP)
Operating CF	11.20	19.17	21.21	17.99	m
Pre-Financing CF	-3.76	10.21	9.29	-0.10	m
Retained CF	-2.49	9.49	5.81	-3.89	m

Goodwin Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC