Details for (PIC) / Market data / Selftrade

PACE

(PIC GB0006672785 GBX)

Value 81.500

Change Today 0.00

Updated18/05 16:35

TRADE NOW

WATCHLIST

ALERTS

PROFILE

Registered Number	1672847
Registered Address	Victoria Road Saltaire West Yorkshire BD18 3LF
Phone Number	+44 (0) 1274 532000
Fax Number
Website	http://www.pace.com
Activities	Manufactures digital television products and provides digital television network
Country of Register	GB
Currency	GBX
Short Name	PACE
First Day Traded	19/12/2005
Industrial Sector	Telecommunications Equipment
Number of shares	305m

Key People

Robert McTighe	Chairman
Neil Gaydon	Chief Executive Officer
Mike Pulli	Chief Executive Officer
Stuart Hall	Financial Director
John Grant	Non Executive Director
Patricia Chapman-Pincher	Non Executive Director
Michael Inglis	Non Executive Director
David McKinney	Director

Major Shareholders

M&G Investment Management Ltd.	14.87%
Schroder Investment Management Ltd.	6.97%

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	31/12/2007	31/12/2008	31/12/2009	31/12/2010	31/12/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Sales/Revenue	428.36	745.48	1,133.44	2,052.12	1,440.55
Cost of Goods Sold (COGS) incl. D&A	358.28	613.98	940.63	1,677.13	1,246.73
COGS excluding D&A	336.96	590.58	893.71	1,587.08	1,164.02
Depreciation & Amortization Expense	21.33	23.40	46.92	90.05	82.72
Depreciation	4.26	4.50	7.61	16.19	18.09
Amortization of Intangibles	17.07	18.90	39.31	73.86	64.63
Amortization of Deferred Charges	0	0	0	0	0
Gross Income	70.08	131.49	192.81	374.99	193.82
Selling, General & Administrative Expense	42.27	107.75	123.66	233.29	138.92
Research & Development	16.00	60.48	68.83	119.34	70.30
Other Selling, General & Administrative	26.27	47.27	54.83	113.95	68.62
Other Operating Expense	0	0	0	0	0
Non Operating Income/Expense	-0.48	1.72	0.51	0	-2.56
Non-Operating Interest Income	0.09	0.20	0.34	1.23	0.12
Equity in Affiliates (Pretax)	0	0	0	0	0
EBIT	0	0	0	0	0
Unusual Expense	0	10.96	0	29.30	7.92
EBIT after Unusual Expense	0	0	0	0	0
Interest Expense	1.01	0.87	0.13	4.01	10.42
Gross Interest Expense	1.01	0.87	0.13	4.01	10.42
Interest Capitalized	0	0	0	0	0
Pretax Income	26.41	13.83	69.86	109.63	34.12
Income Tax	1.60	2.77	18.47	32.69	9.92
Income Tax - Current Domestic	0	0	6.19	42.71	17.15
Income Tax - Current Foreign	0.72	2.92	11.28	0	0
Income Tax - Deferred Domestic	0.88	-0.15	1.01	-10.02	-7.24
Income Tax - Deferred Foreign	0	0	0	0	0
Income Tax Credits	0	0	0	0	0
Minority Interest Expense	0	0	0	0	0
Equity in Affiliates	0	0	0	0	0
Other After Tax Income (Expense)	0	0	0	0	0
Net Income	24.81	11.05	51.39	76.94	24.20
Extraordinaries & Discontinued Operations	0	0	0	0	0
Extra Items & Gain/Loss Sale Of Assets	0	0	0	0	0
Cumulative Effect - Accounting Chg	0	0	0	0	0
Discontinued Operations	0	0	0	0	0
Net Income After Extraordinaries	24.81	11.05	51.39	76.94	24.20
Preferred Dividends	0	0	0	0	0
Net Income available to Common	24.81	11.05	51.39	76.94	24.20
Operational EPS	10.57	6.74	17.16	31.52	9.57
EPS (basic)	10.83	4.00	17.70	26.21	8.23
EPS (diluted)	10.57	3.98	17.16	24.88	7.78
EBITDA	49.13	47.15	116.07	231.75	137.61
EBIT	0	0	0	0	0
+Depreciation & Amortization Expense	21.33	23.40	46.92	90.05	82.72

Balance Sheet £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/12/2007	31/12/2008	31/12/2009	31/12/2010	31/12/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Cash & Short Term Investments	0	37.72	73.51	131.15	31.34
Cash Only	0	37.72	0	131.15	31.34
Short-Term Investments	0	0	0	0	0
Total Accounts Receivable	101.16	229.17	211.96	426.71	255.58
Accounts Receivables, Net	99.51	225.19	205.20	399.33	237.95
Accounts Receivables, Gross	99.51	225.19	205.20	399.33	237.95
Bad Debt/Doubtful Accounts	0	0	0	0	0
Other Receivables	1.65	3.98	6.76	27.37	17.63
Inventories	28.67	57.23	87.05	222.25	96.52
Finished Goods	25.08	53.54	72.04	184.51	71.49
Work in Progress	0	0	0	0	0
Raw Materials	3.59	3.69	15.01	37.74	25.03
Progress Payments & Other	0	0	0	0	0
Other Current Assets	1.22	2.05	2.39	8.04	6.24
Prepaid Expenses	0	0	0	0	0
Miscellaneous Current Assets	1.22	2.05	2.39	8.04	6.24
Total Current Assets	131.05	326.16	374.91	788.15	389.68
Net Property, Plant & Equipment	8.62	14.70	19.55	52.58	40.54
Property, Plant & Equipment - Gross	29.31	54.17	63.70	131.62	101.47
Buildings	0	0	0	0.62	0
Land & Improvements	0	0	0	0	0
Machinery & Equipment	22.24	0	0	0	77.92
Construction in Progress	0	0	0	0	0
Leases	7.03	9.32	11.41	25.98	23.55
Computer Software and Equipment	0	0	0	0	0
Leased Property	0	0	0	0	0
Transportation Equipment	0.04	0	0	0	0
Other Property, Plant & Equipment	0	44.85	52.29	105.01	0
Accumulated Depreciation	20.68	39.46	44.15	79.03	60.94
Buildings	0	0	0	0.15	0
Land & Improvements	0	0	0	0	0
Machinery & Equipment	16.50	0	0	0	50.58
Construction in Progress	0	0	0	0	0
Leases	0	0	0	0	0
Computer Software and Equipment	0	0	0	0	0
Leased Property	0	0	0	0	0
Transportation Equipment	0.03	0	0	0	0
Other Property, Plant & Equipment	0	34.49	38.48	67.43	0
Total Investments and Advances	0.35	0.35	0	0	0
LT Investment - Affiliate Companies	0	0	0	0	0
Other Long-Term Investments	0.35	0.35	0	0	0
Long-Term Note Receivable	0	0	0	0	0
Intangible Assets	25.32	125.57	113.12	655.29	390.90
Net Goodwill	9.44	76.34	70.36	337.62	215.94
Net Other Intangibles	15.88	49.23	42.76	317.67	174.96
Other Assets	0	0	0	69.75	0
Deferred Charges	0	0	0	0	0
Tangible Other Assets	0	0	0	0	0
Total Assets	170.40	473.90	514.01	1,635.53	864.36
ST Debt & Curr. Portion LT Debt	12.09	0	0	222.25	143.56
Short Term Debt	12.03	0	0	222.25	143.56
Current Portion of Long Term Debt	0.06	0	0	0	0
Accounts Payable	59.62	231.63	216.69	454.70	185.25
Income Tax Payable	0.46	0	4.34	7.58	6.18
Other Current Liabilities	18.13	65.04	60.41	128.52	84.29
Dividends Payable	0	0	0	0	0
Accrued Payroll	0	0	0	0	0
Miscellaneous Current Liabilities	18.13	65.04	60.41	128.52	84.29
Total Current Liabilities	90.31	296.67	281.44	813.05	419.28
Long-Term Debt	0	0	0	219.31	94.78
Long-Term Debt excl. Capitalized Leases	0	0	0	219.31	94.78
Non-Convertible Debt	0	0	0	219.31	94.78
Convertible Debt	0	0	0	0	0
Capitalized Lease Obligations	0	0	0	0	0
Provision for Risks & Charges	12.49	17.57	19.34	43.77	26.77
Deferred Taxes	-5.06	8.61	8.22	38.51	18.34
Deferred Taxes - Credit	0	15.73	14.65	108.26	61.58
Deferred Taxes - Debit	-5.06	-7.12	-6.43	-69.75	-43.24
Accumulated Minority Interest	0	0	0	0	0
Other Liabilities	0	0	2.23	75.94	0.00
Deferred Tax Liability-Untaxed Reserves	0	0	0	0	0
Other Liabilities (excl. Deferred Income)	0	0	2.23	75.94	0.00
Deferred Income	0	0	0	0	0
Total Liabilities	102.80	329.97	317.66	1,260.32	602.41
Non-Equity Reserves	0	0	0	0	0
Preferred Stock (Carrying Value)	0	0	0	0	0
Redeemable Preferred Stock	0	0	0	0	0
Non-Redeemable Preferred Stock	0	0	0	0	0
Preferred Stock issues for ESOP	0	0	0	0	0
ESOP Guarantees - Preferred Stock	0	0	0	0	0
Common Equity (total)	67.60	143.93	196.35	375.20	261.95
Common Stock Par/Carry Value	11.68	14.95	15.18	23.51	18.21
Additional Paid-In Capital/Capital Surplus	36.89	37.02	39.44	62.02	47.04
Retained Earnings	18.61	82.74	136.49	282.10	228.36
ESOP Debt Guarantee	0	0	0	0	0
Cumulative Translation Adjustment/Unrealized For. Exch. Gain	0.43	9.22	5.24	7.58	-31.66
Unrealized Gain/Loss Marketable Securities	0	0	0	0	0
Revaluation Reserves	0	0	0	0	0
Other Appropriated Reserves	0	0	0	0	0
Unappropriated Reserves	0	0	0	0	0
Treasury Stock	0	0	0	0	0
Total Shareholders' Equity	67.60	143.93	196.35	375.20	261.95
Liabilities & Shareholders' Equity	170.40	473.90	514.01	1,635.53	864.36

Cash Flow £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/12/2007	31/12/2008	31/12/2009	31/12/2010	31/12/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Net Income before Extraordinaries	15.35	13.83	69.86	109.63	34.12
Depreciation, Depletion & Amortization	12.44	23.40	14.27	86.04	82.72
Depreciation and Depletion	2.48	4.50	7.61	16.19	18.09
Amortization of Intangible Assets	9.96	18.90	6.67	69.85	64.63
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	4.14	8.11	27.76	-28.06	-8.05
Funds from Operations	31.93	45.34	111.89	167.60	108.79
Extraordinaries	0	0	0	0	0
Changes in Working Capital	-40.45	37.57	-20.48	-73.55	-42.23
Receivables	-49.87	-67.81	21.30	-18.50	18.90
Inventories	-3.40	-19.19	-28.79	-32.07	45.04
Accounts Payable	12.83	124.57	-12.98	-22.97	-106.17
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	-8.52	82.92	91.41	94.06	66.56
Capital Expenditures	16.43	27.58	54.79	87.12	61.44
Capital Expenditures (Fixed Assets)	4.26	6.58	12.42	30.53	25.89
Capital Expenditures (Other Assets)	12.17	21.00	42.37	56.59	35.56
Net Assets from Acquisitions	0	-3.13	0	-417.55	-3.99
Sale of Fixed Assets & Businesses	0	0	0.95	0	0
Purchase/Sale of Investments	0	0	0	0	0
Purchase of Investments	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0
Other Uses	0	0	0	0	0
Other Sources	0	0	0	0	0
Net Investing Cash Flow	-16.43	-30.71	-53.84	-504.66	-65.44
Cash Dividends Paid - Total	0	0	-3.21	-8.02	-6.30
Common Dividends	0	0	-3.21	-8.02	-6.30
Preferred Dividends	0	0	0	0	0
Change in Capital Stock	0.88	-2.45	0.96	-4.16	0.37
Repurchase of Common & Preferred Stk.	0	-3.23	-4.05	-5.24	0
Sale of Common & Preferred Stock	0.88	0.78	5.01	1.08	0.37
Proceeds from Stock Options	0.16	0.78	2.65	1.08	0.37
Other Proceeds from Sale of Stock	0.72	0	2.35	0	0
Issuance/Reduction of Debt, Net	-0.16	0	0	440.21	-46.79
Change in Current Debt	0	0	0	0	0
Change in Long-Term Debt	-0.16	0	0	440.21	-46.79
Issuance of Long-Term Debt	0	0	0	440.21	0
Reduction in Long-Term Debt	-0.16	0	0	0	-46.79
Other Funds	0	0	0	0	0
Other Uses	0	0	0	0	0
Other Sources	0	0	0	0	0
Net Financing Cash Flow	0.72	-2.45	-2.25	428.03	-52.71
Exchange Rate Effect	0.09	0.05	0.47	0	0
Miscellaneous Funds	-0.00	-0.00	0.00	-0.00	0.00
Net Change in Cash	-24.14	49.81	35.79	17.42	-51.59
Free Cash Flow	-12.78	76.33	75.79	55.51	34.37

Analysis Data

	2007	2008	2009	2010	2011
Fiscal Year End	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31
Valuation
Market Capitalisation	212.65	163.69	634.47	860.27	219.63
Price/Earnings	8.40	13.69	11.81	10.78	8.75
Price/Sales	0.49	0.20	0.53	0.40	0.15
Price/Book Value	3.15	1.14	3.23	2.29	0.84
Price/Cash Flow	0	1.83	6.85	9.29	3.36
Enterprise Value/EBIT	8.11	4.82	7.99	8.36	7.85
Enterprise Value/EBITDA	4.59	2.43	4.76	5.11	3.13
Enterprise Value/Sales	0.53	0.15	0.49	0.58	0.30
Total Debt/Enterprise Value	0.05	0	0	0.37	0.55
Total Debt/EBITDA	0.25	0	0	1.91	1.73
EPS (basic)	10.83	4.00	17.70	26.21	8.23
EPS (diluted) as stated	10.57	3.98	17.16	24.88	7.78
Profitability
Gross Margin (%)	16.36	17.64	17.01	18.27	13.45
Operating Margin (%)	6.49	3.18	6.10	6.91	3.81
Pretax Margin (%)	6.17	1.85	6.16	5.34	2.37
Net Margin (%)	5.79	1.48	4.53	3.75	1.68
Return on Assets (%)	0.00	3.43	10.40	7.16	1.94
Return on Equity (%)	0.00	10.45	30.20	26.92	7.60
Return on Avg. Total Capital (%)	0.00	9.89	30.20	15.19	3.68
Return on Avg. Invested Capital (%)	0.00	10.45	30.20	19.46	5.09
Efficiency
Revenue/Employee	0.72	0.98	1.07	1.85	0.88
Receivables Turnover	0.00	4.51	5.14	6.43	4.22
Days of Sales Outstanding (DSO) (%)	0.00	80.87	71.03	56.80	86.44
Inventory Turnover	0.00	14.30	13.04	10.84	7.82
Days of Inventory on Hand (DIO)	0.00	25.53	27.99	33.66	46.66
Total Asset Turnover	0.00	2.31	2.29	1.91	1.15
Working Capital Turnover	10.51	25.28	12.13	0.00	0.00
Liquidity
Current Ratio	1.45	1.10	1.33	0.97	0.93
Quick Ratio	1.13	0.91	1.02	0.70	0.70
Capital Structure
Debt-to-Total Equity (%)	17.89	0.00	0.00	117.68	90.99
Debt-to-Total Capital (%)	15.18	0.00	0.00	54.06	47.64
Debt-to-Total Assets (%)	7.10	0.00	0.00	27.00	27.57
Interest Coverage	27.54	27.26	516.03	35.35	5.27

Market data

Name	Latest	Var
FTSE 100	5,267.62(c)	+0.00%
FTSE 250	10,431.90(c)	+0.00%
DOW INDUSTRIALS	12,369.38(c)	-0.59%
HONG KONG HANG SENG INDIC	18,879.00	-0.38%
Nikkei 225	8,633.89(c)	+0.26%

Name	Latest	Var

Name	Latest	Var

Buys

Name	Latest	Var
AVIVA	264.90(c)	-1.05%
RED EMPEROR RES	14.88(c)	-17.36%
LLOYDS GRP.	25.95(c)	-6.15%
BP	391.95(c)	-1.18%
VODAFONE GRP.	164.30(c)	-0.96%

Sells

Name	Latest	Var
LLOYDS GRP.	25.95(c)	-6.15%
RED EMPEROR RES	14.88(c)	-17.36%
PV CRYSTALOX	9.45(c)	+121.31%
BARCLAYS	176.10(c)	-3.19%
AVIVA	264.90(c)	-1.05%

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.

PACE

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