Babcock International Group PLC

Public consensus   -   Last updated 13/01/21

Reporting currency: GBP
Reporting unit: Absolute
 
NO. OF
FORECASTS
FY21
CONSENSUS
13/01/21
FY21
MEDIAN
FY21
MIN
FY21
MAX
Revenue
Marine
Group
8
1,240.7
1,243.4
1,169.0
1,280.2
JV
8
49.1
48.3
22.6
64.7
Marine total
10
1,301.2
1,302.0
1,209.5
1,357.8
Nuclear
Group
8
911.4
919.4
853.5
943.3
JV
8
69.8
62.2
15.4
116.9
Nuclear total
10
988.0
991.1
904.8
1,060.2
Land
Group
8
1,263.0
1,240.2
1,209.1
1,381.2
JV
8
22.4
18.7
13.2
53.6
Land total
10
1,284.0
1,273.7
1,227.1
1,398.2
Aviation
Group
8
821.1
825.1
776.1
849.6
JV
8
144.8
141.8
138.8
165.0
Aviation total
10
962.8
960.9
940.3
996.8
Unallocated Group Revenue
3
-
-
-
-
Group Revenue
9
4,254.0
4,243.5
4,188.4
4,396.0
Joint venture revenue
9
285.8
275.3
211.7
344.2
Total Revenue
11
4,549.1
4,540.4
4,452.8
4,679.9
Operating Profit
Marine
Group
8
115.4
114.7
101.7
133.1
JV
8
4.6
3.9
2.5
10.5
Marine total
10
121.5
119.6
106.0
136.9
Nuclear
Group
8
90.1
92.4
78.7
100.2
JV
7
(3.5)
(5.0)
(5.5)
1.2
Nuclear total
10
87.0
87.5
78.7
96.3
Land
Group
8
57.8
58.6
49.1
67.4
JV
8
11.3
12.1
2.6
24.0
Land total
10
70.7
71.3
52.3
82.0
Aviation
Group
8
27.5
25.2
20.3
43.0
JV
8
46.5
45.2
40.9
54.7
Aviation total
10
72.3
70.7
65.6
84.1
Unallocated
10
(2.5)
(1.4)
(9.3)
-
Group operating profit
10
289.9
290.0
264.6
319.4
Joint venture operating profit
10
59.5
61.6
42.3
75.3
Total operating profit
11
350.1
350.7
324.9
367.4
Operating Margin
Marine
Group
8
9.3
9.4
8.1
10.4
JV
8
9.3
8.5
5.7
16.3
Marine total
10
9.4
9.3
8.2
10.4
Nuclear
Group
8
9.9
10.0
8.5
11.0
JV
7
(4.3)
(5.1)
(9.3)
7.9
Nuclear total
10
8.8
8.7
7.9
10.5
Land
Group
8
4.6
4.7
3.9
5.2
JV
8
59.0
65.0
6.0
126.7
Land total
10
5.5
5.5
4.1
6.6
Aviation
Group
8
3.4
3.0
2.5
5.4
JV
8
32.1
31.0
29.5
38.0
Aviation total
10
7.5
7.2
6.9
8.9
Total operating margin
11
7.7
7.7
7.1
8.3
Interest
Group
8
(74.2)
(73.2)
(82.0)
(69.8)
JV
8
(22.6)
(22.8)
(23.0)
(21.8)
Total
9
(96.1)
(95.4)
(104.8)
(90.5)
New IAS 19 pension charge
8
0.4
(0.1)
(0.3)
2.1
Underlying PBT
10
254.0
257.3
225.5
266.2
Amortisation
9
(78.7)
(82.3)
(96.5)
(55.0)
Exceptional items
7
1.2
(7.0)
(25.9)
85.0
Reported PBT
9
175.6
169.5
120.2
262.0
Tax Rate
8
19.0
19.0
18.0
20.0
Tax
10
(48.7)
(49.0)
(53.2)
(40.6)
Minorities
10
(1.9)
(2.1)
(4.0)
-
Ave shares
10
505.6
505.3
505.1
507.3
Diluted shares
10
506.5
506.2
506.1
508.2
EPS basic
11
40.4
41.2
36.2
42.8
DPS p
10
5.9
3.6
-
16.8
Cash Flow
Operating Profit (excl JV contribution)
9
288.9
289.2
263.5
319.4
Amortisation and depreciation (pre-IFRS 16)
8
107.9
110.0
94.5
118.8
Other non-cash items
7
(2.1)
-
(15.3)
4.0
Working capital
9
(35.3)
(36.5)
(57.2)
(16.9)
Operating cash flow pre capex
9
484.6
478.2
452.4
510.2
Total net capex
8
(232.0)
(233.1)
(285.2)
(147.3)
Operating cash flow after capital expenditure
8
255.2
248.3
193.0
323.0
Total net interest paid
8
(74.1)
(74.5)
(82.0)
(67.8)
Taxation
8
(54.4)
(51.9)
(77.5)
(33.9)
Dividends from JVs
8
28.9
30.0
23.0
30.4
Pensions contributions in excess of income statement
8
(75.4)
(75.0)
(80.0)
(73.5)
Free cash flow
8
80.3
72.7
12.3
161.2
Acquisitions and disposals net of cash/debt acquired
8
87.2
85.0
82.6
92.0
Issue of shares
8
(0.3)
-
(2.2)
-
Exceptional items
8
(81.9)
(64.0)
(145.0)
(61.0)
Dividends paid
8
(10.7)
-
(49.3)
-
Exchange difference/other
8
(15.1)
(13.6)
(35.9)
7.0
Net cash outflow
8
59.5
34.0
(28.7)
192.2
Opening debt
11
(922.1)
(922.1)
(922.1)
(922.1)
Closing debt (including IFRS 16 lease liabilities)
11
(1,525.5)
(1,549.7)
(1,623.6)
(1,374.2)
Of which IFRS 16 lease liabilities
11
(662.3)
(672.8)
(696.3)
(634.0)
Closing debt (excluding IFRS 16 lease liabilities)
11
(865.4)
(876.8)
(950.8)
(726.5)

Disclaimer

As a courtesy to its shareholders and other stakeholders, Babcock International Group PLC (Babcock) invites registered sell-side analysts that monitor the stock to submit their forecasts to the Vuma Consensus service, an external web-based tool independently managed by Vuma Financial Services Limited (VUMA), a company independent of Babcock.

The consensus figures are an aggregation of publicly available forecasts collated exclusively by VUMA, but only on the basis of information submitted by those analysts who choose to participate. The consensus figures therefore represent the estimates of these analysts only (not necessarily being the same analysts that contributed to consensus figures for previous results or trading updates) at the time of publication. Analyst estimates can change significantly from time to time. Any such changes in analysts’ estimates will not be reflected in the consensus figures published on VUMA’s website until those sell-side analysts submit their updated forecasts to the tool.
The consensus figure for a particular item represents the arithmetic average of all figures for that item submitted to VUMA by analysts. VUMA has no access to Babcock's internal forecasts, budgets or any other information which is not publicly available.

The consensus figures are not based on Babcock’s own opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by, Babcock.

By enabling publication of the consensus figures and referencing the same on its website, Babcock does not imply that it endorses, confirms or expresses a view on the consensus figures. The consensus figures are provided for informational purposes only and are not intended to, nor do they, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. No warranty or representation, either express or implied, is made by Babcock or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the consensus figures and, to the fullest extent permitted by law, no responsibility or liability is accepted by any of those persons in respect of those matters. Babcock assumes no obligation to update, revise or supplement the consensus figures to reflect circumstances existing after the date hereof.

Babcock does not accept any liability whatsoever for reliance upon, or actions taken based on, any of the information set out in these consensus figures. The consensus figures are forward-looking and as such are speculative and rely on assumptions and events in the future.

The consensus figures do not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Before making an investment decision, a prospective investor should consider its particular investment needs, objectives and financial circumstances, and should seek appropriate professional advice, tailored to the investor's circumstances. Any investment in securities is subject to investment risks.