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National Express Group(NEX)

Sector:

Travel & Leisure

Index:

FTSE 250

Market Cap

£1,474.80m

Change Today

Price Down-5.00p

Share Price

965.00p

NEX Overview

Privatised in 1988 and floated four years later National Express operates bus, train, light rail, express coach and airport services in the UK, North America and Australia. More than 25% of the group’s operations are now in international markets.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 3.9% 4.3%
Div Cover 2.3 2.2
Op Mrgn 6.8% 6.9%
ROCE 40.6%  

Valuation

Latest F'cast
P/E 11.2 10.4
PEG 1.2 1.3
Pr/Revenue 0.6 0.5
Pr/Book 3.3  

Growth

Latest F'cast
Revenue 3.6% 5.3%
PBT 44.0% 27.3%
EPS 9.2% 7.9%
DPS 9.2% 9.3%

NEX Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a2,565.70 a54.10 54.60p 11.2 n/a -13% 26.00p 4.3%
31-Dec-04 2,354.50 77.90 70.40p 11.7 0.4 +29% 30.00p 3.6%
31-Dec-05 2,216.00 89.30 77.40p 11.1 1.1 +10% 32.25p 3.7%
31-Dec-06 2,525.50 104.10 79.10p 14.3 7.1 +2% 34.75p 3.1%
31-Dec-07 2,615.40 149.90 86.40p 14.4 1.6 +9% 37.96p 3.1%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

NEX Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 2,753.42 190.89 93.21p 10.4 1.3 +8% 41.50p 4.3%
31-Dec-09 2,882.46 208.00 101.19p 9.5 1.1 +9% 45.64p 4.7%

Covering analysts: Blue Oar Securities, Citigroup Investment Research, Collins Stewart, Credit Suisse, Deutsche Bank Research, Goldman Sachs, Investec Securities, JP Morgan, Merrill Lynch, Morgan Stanley, Panmure Gordon, UBS

NEX Company Announcements

Holding(s) in Company 03-Jul-2008 15:26 RNS
Total Voting Rights 01-Jul-2008 13:52 RNS
Trading Statement 27-Jun-2008 07:00 RNS

NEX ShareCast News

London close: Oil plays put Footsie ahead 27-Jun-2008 ShareCast
London afternoon: Footsie clinging onto gains 27-Jun-2008 ShareCast
London midday: Oil rise pulls Footsie two ways 27-Jun-2008 ShareCast

NEX Top Newspaper Links

Cityspace homes in on rival Kizoom 19-May-2008 Telegraph
National Express on transport bandwagon 02-May-2008 The Scotsman
Tesco under fire on both sides of Atlantic 27-Feb-2008 Times

Latest NEX Director Deals

Traded Action Notifier PriceAmountValue
13-Jun-08 Buy David Ross 871.00p 1,020 £8,884.20
23-May-08 Buy Jorge Cosmen 870.00p 895,000 £7,786,499.83
22-May-08 Buy Jorge Cosmen 870.00p 3,018,006 £26,256,651.62

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

NEX Market Data

Currency UK Pounds
Share Price 965.00p Price Down
Change Today -5.00p
52 Week High 1,318.00p
52 Week Low 857.00p
Volume 997,041
Shares Issued 152.83m
Market Cap £1,474.80m
Beta 0.93
RiskGrade 181

NEX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.52% below the market average82.52% below the market average82.52% below the market average82.52% below the market average82.52% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
35.82% above the market average35.82% above the market average35.82% above the market average35.82% above the market average35.82% above the market average
54.62% above the sector average54.62% above the sector average54.62% above the sector average54.62% above the sector average54.62% above the sector average
Income
28.04% above the market average28.04% above the market average28.04% above the market average28.04% above the market average28.04% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Growth
46.21% below the market average46.21% below the market average46.21% below the market average46.21% below the market average46.21% below the market average
61.9% below the sector average61.9% below the sector average61.9% below the sector average61.9% below the sector average61.9% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 6
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NEX Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-08 12-Sep-07
Paid 09-May-08 28-Sep-07
Amount 26.40p 11.56p

Trades for 04-Jul-2008

Time Volume / Share Price
16:35 38,072 @ 965.00p
16:28 500 @ 965.59p
16:27 246 @ 965.50p
16:27 47 @ 965.50p
16:27 541 @ 965.50p

NEX Key Personnel

COO Ray O'Toole
Chair David Ross
CEO Richard Bowker

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