Industrials

The sector, Industrials, contains the industry groups:

and has the constituents:

Comparative Analysis

Income Statement

($'M) 2020 2021 $ Change % Change
Revenue 9,148.9 8,095.8 -1,053.1 -11.5
Less: Cost of Goods Sold -3,619.9 -3,907.6 -287.7 7.9
Gross Profit 12,768.8 12,003.4 -765.4 -6.0
Less: Operating Costs -3,918.6 -2,757.9 1,160.7 -29.6
Operating Profit 16,687.4 14,761.3 -1,926.1 -11.5
Less: Financing Costs -1,488.6 -1,116.6 372.0 -25.0
Earnings Before Tax 18,176.0 15,877.9 -2,298.1 -12.6
Less: Income Tax 94.9 -65.7 -160.6 -169.2
Net Profit 18,081.1 15,943.6 -2,137.5 -11.8

Balance Sheet

($'M) 2020 2021 $ Change % Change
Current Assets 6,122.1 6,299.2 177.1 2.9
Non Current Assets 50,363.9 36,839.7 -13,524.2 -26.9
Assets 56,486.0 43,138.9 -13,347.1 -23.6
Current Liabilities 6,438.1 5,034.8 -1,403.3 -21.8
Non Current Liabilities 37,452.6 24,262.9 -13,189.7 -35.2
Liabilities 43,890.7 29,297.7 -14,593.0 -33.2
Equity 12,595.3 13,841.2 1,245.9 9.9

Cash Flow Statement

($'M) 2020 2021 $ Change % Change
Cash Flow from Operating Activities 2,952.2 2,452.4 -499.8 -16.9
Cash Flow from Financing Activities 199.9 -1,581.7 -1,781.6 -891.2
Cash Flow from Investing Activities -2,899.0 698.6 3,597.6 -124.1
Net Cash Flow 253.1 1,569.3 1,316.2 520.0
Foreign Exchange Fluctuations -36.7 36.4 73.1 -199.2
Cash at the Beginning of the Period 3,945.5 3,086.3 -859.2 -21.8
Cash at the End of the Period 4,161.9 4,692.0 530.1 12.7

Ratio Analysis

Profitability

2020 2021 Change
Gross Profit Margin 139.6% 148.3% 8.7%
Operating Profit Margin 182.4% 182.3% -0.1%
Net Profit Margin 197.6% 196.9% -0.7%

Management Effectiveness

2020 2021 Change
Return on Assets 32.0% 37.0% 4.9%
Return on Equity 143.6% 115.2% -28.4%
Current Ratio 1.0 1.3 0.3
Debt to Equity Ratio 3.5 2.1 -1.4

Valuation

2020 2021 Change  
Share Price ($) 10.42 13.27 2.85 27.3%
Ordinary Shares 6,938,835,626 4,179,279,272 -2,759,556,354 -39.8%
Market Capitalisation ($) 72,305,375,280 55,450,280,608 -16,855,094,672 -23.3%
Revenue per Share ($) 1.32 1.94 0.62 46.9%
Earnings per Share ($) 2.61 3.81 1.21 46.4%
Equity per Share ($) 1.82 3.31 1.50 82.5%
Dividends per Share ($) 0.36 0.26 -0.10 -27.3%
Dividend Yield 3.5% 2.0% -1.5%  
Price to Sales Ratio 7.9 6.8 -1.1 -13.3%
Price to Earnings Ratio 4.0 3.5 -0.5 -13.0%
Price to Book Ratio 5.7 4.0 -1.7 -30.2%