Details for (DLAR) / Market data / Selftrade

DE LA RUE

(DLAR GB00B3DGH821 GBX)

Value 991.500

Change Today -12.50

Updated17/05 16:35

TRADE NOW

WATCHLIST

ALERTS

PROFILE

Registered Number	3834125
Registered Address	De La Rue House Jays Close Viables Basingstoke; Hampshire RG22 4BS
Phone Number	+44 (0) 1256 605000
Fax Number
Website	http://www.delarue.com
Activities	Provides commercial security printing and papermaking services
Country of Register	GB
Currency	GBX
Short Name	DE LA RUE
First Day Traded	17/11/2008
Industrial Sector	Business Support Services
Number of shares	99m

Key People

Nicholas Brookes	Chairman
James Hussey	Chief Executive Officer
Tim Cobbold	Chief Executive Officer
Victoria Jarman	Non Executive Director
Warren East	Non Executive Director
Sir Jeremy Greenstock	Non Executive Director
Simon Webb	Financial Director
Colin Child	Financial Director
Sir Julian Horn-Smith	Non Executive Director

Major Shareholders

M&G Investment Management Ltd.	12.86%
Franklin Advisers Inc.	6.49%

Director Deals

Director	Date	Buy/Sell	Quantity	Price
You need to be a Selfrade customer to access this data. Find out more >

Director

Date

Buy/Sell

Quantity

Price

You need to be a Selfrade customer to access this data.

Find out more >

Income Statements £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Sales/Revenue	687.50	753.60	502.40	561.10	463.90
Cost of Goods Sold (COGS) incl. D&A	406.70	434.50	390.40	449.50	130.90
COGS excluding D&A	379.80	407.40	369.10	426.50	106.50
Depreciation & Amortization Expense	26.90	27.10	21.30	23	24.40
Depreciation	22.30	22	19.60	20.20	23.20
Amortization of Intangibles	4.60	5.10	1.70	2.80	1.20
Amortization of Deferred Charges	0	0	0	0	0
Gross Income	280.80	319.10	112	111.60	333
Selling, General & Administrative Expense	0	0	0	0	0
Research & Development	18.60	18.10	10.30	9.90	10.30
Other Selling, General & Administrative	0	0	0	0	0
Other Operating Expense	189.40	199.60	10.30	9.90	290.20
Non Operating Income/Expense	0.80	-1.90	-7	1.20	10.30
Non-Operating Interest Income	5.10	4.40	7.80	0.30	0.90
Equity in Affiliates (Pretax)	0	0	0	0	0
EBIT	0	0	0	0	0
Unusual Expense	0	0	8.90	7.50	-23.50
EBIT after Unusual Expense	0	0	-8.90	0	0
Interest Expense	1.50	2.40	6.40	5.40	4.70
Gross Interest Expense	1.50	2.40	6.40	5.40	4.70
Interest Capitalized	0	0	0	0	0
Pretax Income	95.80	119.60	87.20	90.30	72.80
Income Tax	30.60	38.30	28.50	26.20	5.40
Income Tax - Current Domestic	7.90	11	11.30	10.50	-3.50
Income Tax - Current Foreign	16.20	23.70	6.50	4.50	6.30
Income Tax - Deferred Domestic	3.20	2.60	10.50	10.80	3.30
Income Tax - Deferred Foreign	3.30	1	0.20	0.40	-0.70
Income Tax Credits	0	0	0	0	0
Minority Interest Expense	1.60	0.30	1.10	0.50	0.50
Equity in Affiliates	6.60	7.10	8.90	6.30	0
Other After Tax Income (Expense)	0	0	0	0	0
Net Income	70.20	88.10	66.50	69.90	66.90
Extraordinaries & Discontinued Operations	0	0	296.50	0	0
Extra Items & Gain/Loss Sale Of Assets	0	0	283.90	0	0
Cumulative Effect - Accounting Chg	0	0	0	0	0
Discontinued Operations	0	0	12.60	0	0
Net Income After Extraordinaries	70.20	88.10	363	69.90	66.90
Preferred Dividends	0	0	0	0	0
Net Income available to Common	70.20	88.10	66.50	69.90	66.90
Operational EPS	71.68	88.50	55.10	75.83	50.65
EPS (basic)	73.38	90.17	60.50	71.00	67.60
EPS (diluted)	71.68	88.50	50.38	70.53	67.17
EBITDA	118.30	146.60	123	124.70	67.20
EBIT	0	0	0	0	0
+Depreciation & Amortization Expense	26.90	27.10	21.30	23	24.40

Balance Sheet £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Cash & Short Term Investments	150.10	139.40	81.80	62	48.10
Cash Only	40.30	120.30	43.40	41.60	31.90
Short-Term Investments	109.80	19.10	38.40	20.40	16.20
Total Accounts Receivable	95.30	110.40	78.30	76.50	90.80
Accounts Receivables, Net	81.10	95.60	66.20	67.20	70.60
Accounts Receivables, Gross	85.70	100.40	70.30	71.10	75.30
Bad Debt/Doubtful Accounts	-4.60	-4.80	-4.10	-3.90	-4.70
Other Receivables	14.20	14.80	12.10	9.30	20.20
Inventories	87.50	94.90	65.30	61	67.50
Finished Goods	37.70	44.50	20.50	18.50	19.70
Work in Progress	31.30	32.90	23.40	23	26.60
Raw Materials	18.50	17.50	21.40	19.50	21.20
Progress Payments & Other	0	0	0	0	0
Other Current Assets	3.10	4	4.60	24.40	5.60
Prepaid Expenses	0	0	4.60	3.90	5.60
Miscellaneous Current Assets	3.10	4	0	20.50	0
Total Current Assets	336	348.70	230	223.90	212
Net Property, Plant & Equipment	139.40	143.20	148.30	165.60	162
Property, Plant & Equipment - Gross	356.60	372.40	366.10	397.80	408.90
Buildings	57.40	58.10	53.60	53.50	54.10
Land & Improvements	0	0	0	0	0
Machinery & Equipment	221.30	240.60	282	306.50	314.90
Construction in Progress	19.70	13.60	14.50	20	19.20
Leases	0	0	0	0	0
Computer Software and Equipment	0	0	0	0	0
Leased Property	18.70	16	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	39.50	44.10	16	17.80	20.70
Accumulated Depreciation	217.20	229.20	217.80	232.20	246.90
Buildings	20	21.20	20	21.20	22.50
Land & Improvements	0	0	0	0	0
Machinery & Equipment	157.20	163.70	186.20	198.10	208.10
Construction in Progress	0	0	0	0	0
Leases	8.10	8.20	0	0	0
Computer Software and Equipment	0	0	0	0	0
Leased Property	8.10	8.20	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	31.90	36.10	11.60	12.90	16.30
Total Investments and Advances	13.40	22.90	32.70	0.90	0.40
LT Investment - Affiliate Companies	13.10	22.50	21.10	0.10	0.10
Other Long-Term Investments	0.30	0.40	11.60	0.80	0.30
Long-Term Note Receivable	0.20	0.80	0	0	0
Intangible Assets	30.30	33.20	18.30	19.30	23.30
Net Goodwill	13.60	14.70	8	7.90	7.80
Net Other Intangibles	16.70	18.50	10.30	11.40	15.50
Other Assets	0.40	0.20	0	0	0
Deferred Charges	0	0	0	0	0
Tangible Other Assets	0.40	0.20	0	0	0
Total Assets	571.10	574.90	458.60	446.20	425.50
ST Debt & Curr. Portion LT Debt	1.70	8.60	40.10	51.70	63.80
Short Term Debt	0.10	3.60	8.40	51.60	63.70
Current Portion of Long Term Debt	1.60	5	31.70	0.10	0.10
Accounts Payable	44.80	45.40	40.70	26.90	23.80
Income Tax Payable	24.90	31.70	40.40	34.50	33.10
Other Current Liabilities	213.20	238.80	178	188.10	181.10
Dividends Payable	0	0	0	0	0
Accrued Payroll	0	0	0	0	0
Miscellaneous Current Liabilities	213.20	238.80	178	188.10	181.10
Total Current Liabilities	284.60	324.50	299.20	301.20	301.80
Long-Term Debt	10.10	5	51.50	0.90	0
Long-Term Debt excl. Capitalized Leases	1.60	1.50	50.50	0.80	0
Non-Convertible Debt	1.60	1.50	50.50	0.80	0
Convertible Debt	0	0	0	0	0
Capitalized Lease Obligations	8.50	3.50	1	0.10	0
Provision for Risks & Charges	108.10	25.30	69.70	127.10	102.90
Deferred Taxes	-49.30	-25.30	-29.30	-36.20	-26.80
Deferred Taxes - Credit	2.10	0.60	0	0.30	1
Deferred Taxes - Debit	-51.40	-25.90	-29.30	-36.50	-27.80
Accumulated Minority Interest	5	2.30	2.90	3.20	3.50
Other Liabilities	1.30	4.00	17.60	7.20	3.00
Deferred Tax Liability-Untaxed Reserves	0	0	0	0	0
Other Liabilities (excl. Deferred Income)	1.30	4.00	17.60	7.20	3.00
Deferred Income	0	0	0	0	0
Total Liabilities	406.20	359.40	438	436.70	408.70
Non-Equity Reserves	0	0	0	0	0
Preferred Stock (Carrying Value)	0	0	1.10	1.10	1.10
Redeemable Preferred Stock	0	0	0	0	0
Non-Redeemable Preferred Stock	0	0	1.10	1.10	1.10
Preferred Stock issues for ESOP	0	0	0	0	0
ESOP Guarantees - Preferred Stock	0	0	0	0	0
Common Equity (total)	159.90	213.20	16.60	5.20	12.20
Common Stock Par/Carry Value	44.70	44.60	43.90	44.40	44.50
Additional Paid-In Capital/Capital Surplus	21.40	22.50	26.50	28.40	29.10
Retained Earnings	173.60	210.30	29	10.40	13
ESOP Debt Guarantee	0	0	0	0	0
Cumulative Translation Adjustment/Unrealized For. Exch. Gain	-0.70	13.40	-4.90	-0.10	3.50
Unrealized Gain/Loss Marketable Securities	0	0	0	0	0
Revaluation Reserves	0	0.70	0	0	0
Other Appropriated Reserves	5.30	5.50	5.90	-77.90	-77.90
Unappropriated Reserves	-84.40	-83.80	-83.80	0	0
Treasury Stock	0	0	0	0	0
Total Shareholders' Equity	159.90	213.20	17.70	6.30	13.30
Liabilities & Shareholders' Equity	571.10	574.90	458.60	446.20	425.50

Cash Flow £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Net Income before Extraordinaries	102.40	126.70	96.10	96.60	72.80
Depreciation, Depletion & Amortization	26.90	27.10	21.30	23	24.40
Depreciation and Depletion	22.30	22	19.60	20.20	23.20
Amortization of Intangible Assets	4.60	5.10	1.70	2.80	1.20
Deferred Taxes & Investment Tax Credit	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Investment Tax Credit	0	0	0	0	0
Other Funds	-29.40	-39.90	-53.90	-32	-86.90
Funds from Operations	99.90	113.90	63.50	87.60	10.30
Extraordinaries	0	0	0	0	0
Changes in Working Capital	26.80	-6.60	-13	11	-29.40
Receivables	-9.30	-13.60	-30.40	16.60	-11.60
Inventories	-18.60	-3.30	-0.10	4.30	-7.90
Accounts Payable	54.70	10.30	17.50	-9.90	-9.90
Income Taxes Payable	0	0	0	0	0
Other Accruals	0	0	0	0	0
Other Assets/Liabilities	0	0	0	0	0
Net Operating Cash Flow	126.70	107.30	50.50	98.60	-19.10
Capital Expenditures	29.70	22.30	32.60	35.40	35
Capital Expenditures (Fixed Assets)	29.70	22.30	29.30	33.10	30.70
Capital Expenditures (Other Assets)	0	0	3.30	2.30	4.30
Net Assets from Acquisitions	0	0	0	-1	0
Sale of Fixed Assets & Businesses	1.70	3.40	334.20	0.50	0.30
Purchase/Sale of Investments	0	-8.30	0	-0.60	75.40
Purchase of Investments	0	-10	0	-0.60	0
Sale/Maturity of Investments	0	1.70	0	0	75.40
Other Uses	-4.10	-4.70	-1.80	0	0
Other Sources	0	0	0	0	0
Net Investing Cash Flow	-32.10	-31.90	299.80	-36.50	40.70
Cash Dividends Paid - Total	-28.30	-105.40	-376.70	-40.40	-41.90
Common Dividends	-28.30	-105.40	-36.10	-40.40	-41.90
Preferred Dividends	0	0	-340.60	0	-41.90
Change in Capital Stock	-22.10	1	7	2.40	0.80
Repurchase of Common & Preferred Stk.	-29.20	-4.20	0	0	0
Sale of Common & Preferred Stock	7.10	5.20	7	2.40	0.80
Proceeds from Stock Options	7.10	5.20	7	2.40	0.80
Other Proceeds from Sale of Stock	0	0	0	0	0
Issuance/Reduction of Debt, Net	-286	1.20	78.50	-36	5.80
Change in Current Debt	-280.90	3.50	4.80	0	0
Change in Long-Term Debt	-5.10	-2.30	73.70	-36	5.80
Issuance of Long-Term Debt	0	2.20	77.60	0	6
Reduction in Long-Term Debt	-5.10	-4.50	-3.90	-36	-0.20
Other Funds	-0.40	-0.40	-119.80	-0.20	-0.20
Other Uses	-0.40	-0.40	-119.80	-0.20	-0.20
Other Sources	0	0	0	0	0
Net Financing Cash Flow	-336.80	-103.60	-411	-74.20	-35.50
Exchange Rate Effect	2.50	-0.60	-1.10	-0.20	-0.50
Miscellaneous Funds	0.00	-0.00	-0.00	0.00	-0.00
Net Change in Cash	-239.70	-28.80	-61.80	-12.30	-14.40
Free Cash Flow	68.70	-20.40	-355.50	25.10	-91.70

Analysis Data

	2007	2008	2009	2010	2011
Fiscal Year End	2007-03-31	2008-03-31	2009-03-31	2010-03-31	2011-03-31
Valuation
Market Capitalisation	1,149.92	1,327.61	933.86	929.50	788.16
Price/Earnings	16.29	15.33	15.79	13.24	11.75
Price/Sales	1.66	1.79	2.48	1.65	1.70
Price/Book Value	7.19	6.23	56.26	178.74	64.60
Price/Cash Flow	9.24	12.82	24.96	9.45	0
Enterprise Value/EBIT	11.35	10.48	12.53	9.11	18.96
Enterprise Value/EBITDA	8.77	8.54	10.36	7.43	12.08
Enterprise Value/Sales	1.51	1.66	2.54	1.65	1.75
Total Debt/Enterprise Value	0.01	0.01	0.07	0.06	0.08
Total Debt/EBITDA	0.10	0.09	0.74	0.42	0.95
EPS (basic)	73.38	90.17	60.50	71.00	67.60
EPS (diluted) as stated	71.68	88.50	50.38	70.53	67.17
Profitability
Gross Margin (%)	40.84	42.34	22.29	19.89	71.78
Operating Margin (%)	13.29	15.86	20.24	18.13	9.23
Pretax Margin (%)	13.93	15.87	17.36	16.09	15.69
Net Margin (%)	10.21	11.69	13.24	12.46	14.42
Return on Assets (%)	10.31	15.38	12.87	15.45	15.35
Return on Equity (%)	48.02	47.23	57.60	582.50	682.65
Return on Avg. Total Capital (%)	23.35	44.22	39.57	83.12	98.38
Return on Avg. Invested Capital (%)	44.56	45.39	46.28	182.98	652.68
Efficiency
Revenue/Employee	0.11	0.12	0.13	0.14	0.12
Receivables Turnover	7.63	7.33	5.32	7.25	5.55
Days of Sales Outstanding (DSO) (%)	47.81	49.81	68.55	50.35	65.82
Inventory Turnover	5.11	4.76	4.87	7.12	2.04
Days of Inventory on Hand (DIO)	71.39	76.61	74.89	51.28	179.15
Total Asset Turnover	1.01	1.32	0.97	1.24	1.06
Working Capital Turnover	13.38	31.14	0.00	0.00	0.00
Liquidity
Current Ratio	1.18	1.07	0.77	0.74	0.70
Quick Ratio	0.87	0.78	0.55	0.54	0.48
Capital Structure
Debt-to-Total Equity (%)	7.38	6.38	517.51	834.92	479.70
Debt-to-Total Capital (%)	6.87	6.00	83.81	89.30	82.75
Debt-to-Total Assets (%)	2.07	2.37	19.97	11.79	14.99
Interest Coverage	60.93	49.79	15.89	18.83	9.11

Market data

Name	Latest	Var
FTSE 100	5,338.38(c)	-1.24%
FTSE 250	10,592.94(c)	-0.77%
DOW INDUSTRIALS	12,485.29	-0.90%
HONG KONG HANG SENG INDIC	19,200.93	+0.00%
Nikkei 225	8,876.59(c)	+0.00%

Name	Latest	Var
RANDGOLD RES.	4,855.00(c)	+4.63%
ICAP	342.00(c)	+1.63%
NATIONAL GRID	675.00(c)	+1.43%
ANTOFAGASTA	1,026.00(c)	+1.38%
CENTRICA	311.90(c)	+1.10%

Name	Latest	Var
INTL. CONS. AIR GRP	143.50(c)	-6.02%
AVIVA	267.70(c)	-4.70%
GKN	184.30(c)	-4.21%
HARGREAVES LANS	480.70(c)	-4.15%
MAN GROUP	78.55(c)	-4.09%

Buys

Name	Latest	Var
AVIVA	267.70(c)	-4.70%
LAMPRELL	128.50(c)	+1.18%
RED EMPEROR RES	18.00(c)	-41.46%
LLOYDS GRP.	27.65(c)	-3.56%
RANGE RES.	7.25(c)	-16.47%

Sells

Name	Latest	Var
RED EMPEROR RES	18.00(c)	-41.46%
RANGE RES.	7.25(c)	-16.47%
BP	396.65(c)	-0.75%
AVIVA	267.70(c)	-4.70%
VODAFONE GRP.	165.90(c)	-1.19%

Selftrade is a trading name and Selftrade® a registered trademark of Talos Securities Limited, which is authorised and regulated by the Financial Services Authority (FSA Register number 208271) and is a member of the London Stock Exchange and PLUS Markets. Talos Securities Ltd is incorporated in England and Wales (Registration No. 4196325, Registered Address: Boatman's House, 2 Selsdon Way, London E14 9LA). VAT No. 629 2807 22.

Data: include Bondscape, Dow Jones, Factset, FTSE, Morningstar. Conditions may apply.

DE LA RUE

PROFILE

Key People

Major Shareholders

Director Deals

Income Statements £1K

Balance Sheet £1K

Cash Flow £1K

Analysis Data

Help

FTSE 100 chart

Market data

Today's News

Account applications

Dealing account and ISA

CFDs and Spread Betting

Other Investment Accounts and Transfers

Important Information