Newbury Racecourse plc

In addition the Company derives income from a number of non-racing activities including conferences, exhibitions, and outdoor events.
The Rocking Horse Nursery is located within the Racecourse grounds and is operated by the company.
In September 2012 the company completed a Joint Venture agreement with David Wilson Homes to undertake a major redevelopment of the racecourse as well as a housing development of 1500 homes.
Symbol | Ccy Code | Bid | Ask | Share Price (Mid) | Previous Close | Volume | Last Traded |
---|---|---|---|---|---|---|---|
NYR | GBX | 820 | 860 | 840 | 840 | 450 | 25.01.23 |
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Financial Information
Performance
Earnings per share of -26.37p for 12/2021 has declined from 23.65p in 12/2019 or -50.02p over the period. Looking at this trend over the last 3 reported periods earnings are showing a decline.
Earnings per share
% growth (1)
12/2020 -358%
12/2021 -57%
Average over 3 periods+ -208%
LowHigh
(1) % growth is year on year % change in EPS.
Basic earnings per share are earnings from continuing and discontinued operations that are attributable to current equity holders.
Earnings per share of -26.37p for 12/2021 has declined from 23.65p in 12/2019 or -50.02p over the period. Looking at this trend over the last 3 reported periods earnings are showing a decline.
Earnings per share | % growth (1) | |
---|---|---|
12/2020 | -358% | |
12/2021 | -57% | |
Average over 3 periods+ | -208% |
(1) % growth is year on year % change in EPS.
Basic earnings per share are earnings from continuing and discontinued operations that are attributable to current equity holders.
Business Insight
Costs to Revenues ratio of 0.2 in 12/2021 has remained unchanged from 0.2 in 12/2019. Revenues over the period have declined at a slower pace than the Operating costs have declined.
Cost to Revenue ratio (2)
Multiple to Revenue
12/2019 0.2x
12/2020 0.6x
12/2021 0.2x
Average multiple over 3 periods+ 0.3x
LowHigh
(2) Costs include selling and admin, depreciation, amortisation and other operating costs.
Costs to Revenues ratio of 0.2 in 12/2021 has remained unchanged from 0.2 in 12/2019. Revenues over the period have declined at a slower pace than the Operating costs have declined.
Cost to Revenue ratio (2) | Multiple to Revenue | |
---|---|---|
12/2019 | 0.2x | |
12/2020 | 0.6x | |
12/2021 | 0.2x | |
Average multiple over 3 periods+ | 0.3x |
(2) Costs include selling and admin, depreciation, amortisation and other operating costs.
Valuation
Financial Metric
Price multiple to metric
Relationship strength between metric and share price ±
EBITDA -837.1x
EBIT -837.1x
NI -22.8x
FCF 10.7x
DPS -
Assets 0.3x
CE 0.4x
Financial Metric | ||
---|---|---|
EBITDA | -837.1x | |
EBIT | -837.1x | |
NI | -22.8x | ![]() ![]() ![]() |
FCF | 10.7x | |
DPS | - | |
Assets | 0.3x | ![]() ![]() |
CE | 0.4x |
The Relationship Strength is statistical measure of how close the data is to a line of best-fit line between share price and the metric shown. It is scaled between zero (no relationship) and 5 (strong relationship).
In this case Net Income has the strongest relationship to share price, with the company's Market Capital value at -22.8x Net Income.
+ In cases of change in accounting period length, the average is for the last 3 periods. In all cases, it is dependent on published available data and may be for periods shorter than 3 years
± The ‘Strength’ bar shows the strength of the statistical linear relationship of the metrics shown in the chart over the last three periods of data.
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All data provided by Fregnan.
Last results date: 31.12.21 | |
---|---|
Enterprise Value | £20.09m |
EV/EBITDA | (837.08) |
EV/EBIT | (837.08) |
PE Ratio | (22.75) |
PEG | 113.26% |
Dividend Yield | - |
Free Cash Yield | 9.34% |
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All data provided by Fregnan.
31.12.19 (£'000) |
31.12.20 (£'000) |
31.12.21 (£'000) |
|
---|---|---|---|
Income Statement | |||
Revenue | 17,913 | 5,890 | 14,831 |
Operating Income (EBIT) | (2,243) | (5,834) | (24) |
Net Income | 792 | (2,040) | (883) |
Balance Sheet | |||
Cash | 1,269 | 5,529 | 6,009 |
Total Debt | 3,074 | 8,611 | - |
Total Liabilities | 10,534 | 16,674 | 14,660 |
Total Equity | 51,395 | 48,874 | 48,612 |
Operating Margin | (12.52)% | (99.05)% | (0.16)% |
EPS - Basic | 23.65p | (60.93)p | (26.37)p |
EPS - Growth | (55.80)% | (357.58)% | (56.72)% |
Dividend Per Share | - | - | - |
Average Shares Outstanding | 3.35m | 3.35m | 3.35m |
ROA | 1.28% | (3.20%) | (1.37%) |
ROCE | (3.95%) | (9.74%) | (0.04%) |
ROE | 1.55% | (4.07%) | (1.81%) |
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All data provided by Fregnan.
31.12.19 (£'000) |
31.12.20 (£'000) |
31.12.21 (£'000) |
|
---|---|---|---|
Revenue | 17,913 | 5,890 | 14,831 |
Cost of Revenue | 16,117 | 8,307 | 12,107 |
Depreciation & Amortisation | 1,056 | 1,194 | - |
Gross Profit | 740 | (3,611) | 2,724 |
Other Operating Expenses | 2,983 | 2,223 | 2,748 |
Operating Income (EBIT) | (2,243) | (5,834) | (24) |
Net Interest Expense | 126 | 150 | 192 |
Unusual Expense (incl. Exceptionals) | 31 | (957) | (154) |
Non-Operating Expense | 3,047 | 2,762 | 241 |
Profit (pre-tax) | 647 | (2,265) | 179 |
Taxation | 145 | 225 | (1,062) |
Other Expenses and Minortity Interest | - | - | - |
Net Income | 792 | (2,040) | (883) |
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All data provided by Fregnan.
31.12.19 (£'000) |
31.12.20 (£'000) |
31.12.21 (£'000) |
|
---|---|---|---|
Cash from Operations | 2,795 | (365) | 2,409 |
Cash from Investing | (1,761) | (835) | (346) |
Cash from Financing | (1,988) | 5,460 | (1,583) |
Other Miscellaneous | - | - | - |
Net Cash Flow | (954) | 4,260 | 480 |
Click here to download a glossary of terms.
All data provided by Fregnan.
31.12.19 (£'000) |
31.12.20 (£'000) |
31.12.21 (£'000) |
|
---|---|---|---|
Current Assets | 6,196 | 9,836 | 18,726 |
Non-Current Assets | 55,733 | 55,712 | 44,546 |
Total Assets | 61,929 | 65,548 | 63,272 |
Current Liabilities | 5,384 | 2,304 | 10,160 |
Non-Current Liabilities | 5,150 | 14,370 | 4,500 |
Total Liabilities | 10,534 | 16,674 | 14,660 |
Net Assets | 51,395 | 48,874 | 48,612 |
Total Equity | 51,395 | 48,874 | 48,612 |
Click here to download a glossary of terms.
All data provided by Fregnan.
Address
Business Address
Newbury Racecourse plc, The Racecourse, Newbury, Berkshire, RG14 7NZ, United Kingdom.
Email: info@newbury-racecourse.co.uk
Phone: 01635 40015
Registered Address
The Racecourse, Newbury, Berkshire, RG14 7NZ, United Kingdom.
Contacts
Corporate Adviser
Allenby Capital Limited., 5 St Helen's Place, London, United Kingdom.
Email: info@allenbycapital.com
Phone: 020 3328 5656
Registrar
Link Group, 10th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL, England.
Email: enquiries@linkgroup.co.uk
Phone: +44 (0) 113 467 4000
Research
There is no research available.