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Punch Taverns(PUB)

Sector:

Travel & Leisure

Index:

FTSE 250

Market Cap

£721.18m

Change Today

Price Up10.50p

Share Price

270.75p

Punch Taverns Overview

Punch Taverns is a leading operator of leased and tenanted pubs, with approximately 7,400 outlets across the country. Its revenue is derived mainly from beer sales and rental income.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 5.9% 6.2%
Div Cover 5.5 4.7
Op Mrgn 34.5% 17.2%
ROCE 10.0%  

Valuation

Latest F'cast
P/E 3.1 3.3
PEG 0.2 n/a
Pr/Revenue 0.4 0.4
Pr/Book 0.4  

Growth

Latest F'cast
Revenue 10.3% -8.4%
PBT 8.4% -11.7%
EPS 12.7% -5.6%
DPS 14.2% 9.5%

Punch Taverns Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
23-Aug-03 a429.00 a113.30 39.30p 7.8 n/a n/a 6.50p 2.1%
21-Aug-04 a637.60 a133.30 48.80p 8.9 0.4 +24% 9.00p 2.1%
20-Aug-05 782.90 190.50 66.40p 11.5 0.3 +36% 11.30p 1.5%
19-Aug-06 1,546.10 281.00 74.90p 12.2 0.9 +13% 13.40p 1.5%
18-Aug-07 1,704.90 304.70 84.40p 11.7 0.9 +13% 15.30p 1.5%

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

Punch Taverns Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Aug-08 1,561.62 269.09 78.03p 3.3 n/a -6% 16.76p 6.2%
31-Aug-09 1,563.75 273.07 78.75p 3.3 3.5 +1% 18.15p 6.6%

Covering analysts: ABN AMRO, Blue Oar Securities, Charles Stanley & Co, Citigroup Investment Research, Deutsche Bank Research, Evolution Securities, Investec Securities, JP Morgan, Kaupthing Singer & Friedlander, KBC Peel Hunt, Landsbanki Securities, Lehman Bros, Merrill Lynch, Morgan Stanley, Numis Securities, Panmure Gordon, Shore Capital Stockbrokers, UBS

Punch Taverns Company Announcements

Holding(s) in Company 08-Jul-2008 16:16 RNS
Director/PDMR Shareholding 08-Jul-2008 15:52 RNS
Holding(s) in Company 07-Jul-2008 10:36 RNS

Punch Taverns ShareCast News

Tuesday tips round-up: Punch, Easyjet, Michael P... 08-Jul-2008 ShareCast
Tuesday tips round-up: Punch, Spice, Michael Page 08-Jul-2008 ShareCast
Spirit MD leaves Punch 07-Jul-2008 ShareCast

Punch Taverns Top Newspaper Links

Punch Taverns ousts Andrew Knight as Spirit chief 2008--08
Punch plays down fears over debt 2008--08
Debenhams and Punch seek to calm jitters with ea... 2008--08

Latest Punch Taverns Director Deals

Traded Action Notifier PriceAmountValue
30-Jun-08 Transfer From Neil Preston 0.000p 483 £0.00
30-Jun-08 Buy Neil Preston 310.60p 483 £1,500.20
30-Jun-08 Transfer From Deborah Kemp 0.000p 483 £0.00

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.

 

Punch Taverns Market Data

Currency UK Pounds
Share Price 270.75p Price Up
Change Today +10.50p
52 Week High 1,323.00p
52 Week Low 253.50p
Volume 2,033,017
Shares Issued 266.36m
Market Cap £721.18m
Beta 1.49
RiskGrade 328

Punch Taverns Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.28% above the market average96.28% above the market average96.28% above the market average96.28% above the market average96.28% above the market average
94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average
Price Trend
87.43% below the market average87.43% below the market average87.43% below the market average87.43% below the market average87.43% below the market average
86.55% below the sector average86.55% below the sector average86.55% below the sector average86.55% below the sector average86.55% below the sector average
Income
85.27% above the market average85.27% above the market average85.27% above the market average85.27% above the market average85.27% above the market average
80.77% above the sector average80.77% above the sector average80.77% above the sector average80.77% above the sector average80.77% above the sector average
Growth
21.26% above the market average21.26% above the market average21.26% above the market average21.26% above the market average21.26% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 5
Sell 1
Strong Sell 2
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Punch Taverns Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jun-08 02-Jan-08
Paid 27-Jun-08 23-Jan-08
Amount 5.50p 10.20p

Trades for 09-Jul-2008

Time Volume / Share Price
10:14 2,936 @ 270.75p
10:14 3,808 @ 270.75p
10:14 1,200 @ 270.75p
10:14 2,000 @ 270.75p
10:14 2,683 @ 270.75p

Punch Taverns Key Personnel

CEO Giles Thorley
Finance Director Philip Dutton

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4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).