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Last 303.10 GBp
Change Today +5.30 / 1.78%
Volume 918.0K
NEX On Other Exchanges
Symbol
Exchange
London
OTC US
Berlin
OTC US
As of 11:35 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

national express group plc (NEX) Snapshot

Open
303.00 GBp
Previous Close
297.80 GBp
Day High
303.90 GBp
Day Low
297.50 GBp
52 Week High
06/3/15 - 324.80 GBp
52 Week Low
10/16/14 - 213.40 GBp
Market Cap
1.6B
Average Volume 10 Days
424.6K
EPS TTM
0.16 GBp
Shares Outstanding
511.7M
EX-Date
09/3/15
P/E TM
18.7x
Dividend
11.82 GBp
Dividend Yield
3.78%
Current Stock Chart for NATIONAL EXPRESS GROUP PLC (NEX)

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national express group plc (NEX) Details

National Express Group PLC, through its subsidiaries, provides public transportation services in the United Kingdom, North America, Spain, Germany, and Morocco. The company operates through six segments: UK Bus, UK Coach, Rail, North American Bus, Spanish Coach and Bus, and Central functions. It delivers services through its buses, trains, light rail services, and coaches. The company offers urban bus transportation services outside of London, as well as in Coventry and Dundee; and operates the Midland Metro light rail service between Birmingham and Wolverhampton. It also operates scheduled coach services linking approximately 1,000 destinations across the United Kingdom; and offers commuter coach travel services in London and the south of England. In addition, the company operates long distance, regional, and urban bus and coach services in Spain and Morocco, as well as service areas and other transport-related businesses, such as fuel distribution; and offers student transportation and transit services in 32 U.S. states and 4 Canadian provinces. It operates approximately 26,000 vehicles. National Express Group PLC was incorporated in 1991 and is based in Birmingham, United Kingdom.

42,253 Employees
Last Reported Date: 03/27/15
Founded in 1991

national express group plc (NEX) Top Compensated Officers

Group Chief Executive Officer, Executive Dire...
Total Annual Compensation: 1.3M GBP
Compensation as of Fiscal Year 2014.

national express group plc (NEX) Key Developments

National Express Group PLC Proposes Interim Dividend for the Six Months Ended June 30, 2015, Payable on September 25, 2015; Announces Unaudited Group Earnings Results for the Six Months Ended June 30, 2015; Provides Capex and Tax Rate Guidance for the Full Year 2015

National Express Group PLC announced that it has proposed interim dividend of 3.685 pence up 10% year-on-year for the six months ended June 20, 2015, reflecting its confidence in the performance and future prospects of the business. The dividend will be payable on 25 September 2015 to shareholders on the register at close of business on 3 September 2015. The company announced unaudited group earnings results for the six months ended June 30, 2015. For the period, the company's continuing operations revenue was £960.2 million compared with £939.5 million a year ago. Operating profit was £77.2 million compared with £47.4 million a year ago. Profit before tax was £54.3 million compared with £23.4 million a year ago. Profit attributable to equity shareholders was £43.5 million or 8.5 pence per basic and diluted share compared with £20.0 million or 3.9 pence per basic and diluted share a year ago. Net cash from operating activities was £130.1 million compared with £116.5 million a year ago. Purchase of property, plant and equipment was £83.1 million compared with £37.6 million a year ago. Payments to acquire intangible assets were £3.3 million compared with £2.7 million a year ago. Normalized diluted earnings per share were 10.2 pence compared with 7.8 pence a year ago. Normalized operating profit was £89.6 million compared with £75.3 million a year ago. Normalized profit before tax was £66.7 million compared with £51.3 million a year ago. Statutory profit after tax for the period was £44.8 million compared with £20.6 million a year ago. As on June 30, 2015, the company's net debt was £714.3 million. EBITDA was £141.9 million compared with £125.7 million a year ago. The company expects to spend around about £35 million for the full year on growth CapEx, effective tax rate to be around 20%. The full year incremental rail premium charge is £29 million. The company expects to generate free cash flow of £100 million.

National Express Group Seeks Acquisitions

National Express Group PLC (LSE:NEX) is seeking acquisitions. National Express stated, "We will invest further in acquisitions which meet our strict financial and strategic objectives. We continue to view the large and fragmented North American School Bus market as providing an attractive opportunity for growth, including through further targeted acquisitions, especially given the improving pricing environment and more rational competitor behaviour. We are currently evaluating a number of opportunities and will provide an update on our progress later in the year." National Express further stated, "From free cash flow, there was an outflow of £5.8 million from the run-off of exceptional items, with a further £21.3 million (2014: £56.0m) available to invest in growth capital projects, bolt-on acquisitions and capital return to shareholders."

National Express Group PLC, H1 2015 Earnings Call, Jul 29, 2015

National Express Group PLC, H1 2015 Earnings Call, Jul 29, 2015

 

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Industry Analysis

NEX

Industry Average

Valuation NEX Industry Range
Price/Earnings 18.7x
Price/Sales 0.8x
Price/Book 2.0x
Price/Cash Flow 14.1x
TEV/Sales 0.8x
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