Reading the annual reports…
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United Kingdom
In shortIwg PLC is loss-making, generates cash and carries heavy debt, with revenue growing (+7.5% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 4.9% | 33/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -7.3% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -146.3% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 15.2% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.39× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 21.12× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 4.19× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.42× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.29 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 35.3% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 4 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 15.9% | 52/100 |
| Operating margin volatility | 9.3% | 25/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 6.7% | 54/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
GBP millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 2,432 | 2,228 | 2,751 | 2,958 |
| Cost of revenue | 2,377 | 1,886 | 2,182 | 2,354 |
| Gross profit | 20 | 243 | 575 | 589 |
| Selling, general & admin | 368 | 328 | 427 | 443 |
| Operating income | (350) | (87) | 147 | 145 |
| Interest expense | 266 | 198 | 287 | 348 |
| Pre-tax income | (613) | (259) | (105) | (189) |
| Income tax | 32 | 10 | (32) | 27 |
| Net income | (647) | (205) | (69) | (215) |
| Diluted EPS | −£0.68 | −£0.20 | −£0.07 | −£0.21 |
−1.29 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023