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Mears Group Plc

Current Price 387.50p Bid 379.50p Ask 395.50p Change 0.13%
Last Updated: 17/09/2024 06:48. Prices delayed by at least 15 minutes.
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Company Overview

At Mears, we have built our services to integrate housing and care contracts to create new specialist accommodation, such as Supported Living housing and Extra Care property. Opened in 2018, Balmoral Place is an extra care Housing scheme offering an affordable, positive lifestyle choice for older people in Northampton. The scheme provides a safe, secure and vibrant community for those over 55.

Financial Highlights Year Ended 31/12/2023

Revenue
£1,089.33m
Operating Profit/Loss
£51.67m
Dividend yield (%)
4.20
Total dividend for year
n/ap
Dividend cover
2.53
P/E Ratio
9.40
More Financials

Key Personnel

Mr Hema Nar
Director
Mr Lucas Critchley
Executive Director
Mr Andrew C M Smith
Finance Director
Mr Julia Unwin
Independent Non-Executive Director
Mr Jim Clarke
Non-Executive Director
Mr Nick Wharton
Non-Executive Director
Ms Angela Lockwood
Non-Executive Director

Stock Details

EPIC
MERL
ISIN
GB0005630420
Shares in Issue
101.94m
Market cap
£395.01m

Analyst Views (4)

Strong Buy
 
50.00%
Buy
 
25.00%
Hold
 
25.00%
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
387.50p
Bid Price
379.50p
Ask Price
395.50p
Volume
9,029
Change Today
0.50p
% Change Today
0.13%
Open
385.50p
Previous Close
387.50p
Intraday High
387.50p
Intraday Low
381.50p
52 Week High
394.00p
52 Week Low
253.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

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Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
1,089.33
959.61
Operating Profit/Loss
51.67
40.43
Net Interest
-5.24
-6.34
Pre-Tax Profit
46.92
34.94
Profit After Tax from continuing operations
36.66
28.50
Discontinued Operations
Profit After Tax
n/a
0.49
Profit/Loss for the Year
36.66
29.00
Attributable to:
Equity Holders of Parent Company
35.20
28.31
Minority Interests
1.46
0.69
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
32.90p
25.07p
Diluted
31.94p
24.51p
Adjusted
32.90p
25.51p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
272.18
233.62
Intangible Assets
128.91
129.32
Investment Properties
n/a
n/a
Investments
0.62
1.27
Other Financial Assets
n/a
n/a
Other Non-Current Assets
24.29
30.88
Current Assets
Inventories
1.46
6.88
Trade & Other Receivables
126.69
128.33
Cash at Bank & In Hand
138.76
98.14
Current Asset Investments
n/a
n/a
Other Current Assets
7.09
2.42
Other Assets
n/a
n/a
Total Assets
700.01
630.86

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
91.19
44.38
Other Current Liabilities
195.55
179.79
Total Current Liabilities
286.74
224.17
Non-Current Liabilities
Borrowings
199.95
181.04
Provisions
12.69
8.01
Other Non-Current Liabilities
0.17
3.82
Total Non-Current Liabilities
212.81
192.87
Other Liabilities
n/a
n/a
Total Liabilities
499.55
417.04

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
200.46
213.82

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
1.02
1.11
Share Premium Account
2.33
82.35
Other Reserves
4.73
9.77
Retained Earnings
189.43
119.10
Shareholders Funds
197.51
212.33
Minority Interests/Other Equity
2.95
1.49
Total Equity
200.46
213.82

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
12 Sep 2024
03 Oct 2024
4.75p
Final
27 Jun 2024
16 Jul 2024
9.30p
Interim
05 Oct 2023
27 Oct 2023
3.70p
Final
06 Jul 2023
27 Jul 2023
7.25p
Interim
06 Oct 2022
28 Oct 2022
3.25p
Final
26 May 2022
16 Jun 2022
5.50p
Interim
07 Oct 2021
28 Oct 2021
2.50p
Interim
03 Oct 2019
24 Oct 2019
3.65p
Final
13 Jun 2019
04 Jul 2019
8.85p
Interim
18 Oct 2018
08 Nov 2018
3.55p
Final
14 Jun 2018
05 Jul 2018
8.55p
Interim
19 Oct 2017
07 Nov 2017
3.45p
Final
15 Jun 2017
06 Jul 2017
8.40p
Interim
13 Oct 2016
01 Nov 2016
3.30p
Final
16 Jun 2016
07 Jul 2016
7.90p
Interim
15 Oct 2015
03 Nov 2015
3.10p
Interim
16 Oct 2014
03 Nov 2014
2.85p
Final
08 Jun 2005
01 Jul 2005
1.40p
Final
08 Jun 2005
01 Jul 2005
1.40p
Final
08 Jun 2005
01 Jul 2005
1.40p

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
23.81%
31.25%
Dividend yield
4.20%
5.20%
Dividend cover
2.53
2.39


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