Analysts and consensus

Analysts

COMPANY

NAME

TEL

Bank of America Najet El Kassir 020 7996 1273
Canaccord Genuity Gert Zonneveld 020 7523 8377
Citi  Sathish Sivakumar 020 7986 1926
Exane BNP Paribas James Hollins 020 3430 8438

HSBC

Joe Thomas

020 7992 3618

Investec Securities

Tom Callan

020 7597 6712

Jefferies

Rebecca Lane 

020 7548 4186

Liberum Capital

Gerald Khoo

020 3100 2195

Peel Hunt Alex Paterson 020 7418 8885

Royal Bank of Canada Capital Markets

Stephanie D'Ath

00852 6755 1659

7

Buy

3

Hold

0

Sell

    Consensus
average
Min Max
Revenue(£m)        
  2021 3,510.0 2,964.1 3,891.3
  2022 2,450.0 1,680.7 3,734.0
  2023 2,117.7 1,433.2 3,105.0
Operating profit* (£m)        
  2021 68.8 67.0 70.9
  2022 88.0 73.5 116.3
  2023 99.0 79.0 119.2
Bus operating profit*(£m)        
  2021 67.8 66.8 69.4
  2022 80.8 70.2 97.1
  2023 89.8 80.9 100.0
Rail operating profit* (£m)        
  2021 1.1 0.0 2.1
  2022 8.0 (1.9) 26.9
  2023 9.1 (1.9) 28.7
PBT (£m)        
  2021 48.2 44.3 50.4
  2022 71.4 58.5 101.1
  2023 83.2 64.5 99.4
EPS (p)        
  2021 59.4 45.4 65.6
  2022 108.1 89.6 140.9
  2023 138.5 119.0 158.9
DPS (p)        
  2021 20.4 0.0 37.0
  2022 50.9 0.0 84.7
  2023 56.5 0.0 83.3

Adjusted net debt 

(Pre-IFRS 16)

       
  2021 249.7 242.5 256.2
  2022 220.5 204.6 241.5
  2023 225.0 115.7 358.5

Adjusted net debt 

(Post-IFRS 16)

       
  2021 485.7 397.0 675.2
  2022 353.3 219.0 645.2
  2023 363.3 170.1 584.8

 

*before exceptional items

These estimates, which have been provided to Go-Ahead by registered investment analysts, are forward looking and are therefore subject to risks and uncertainties that may materially affect eventual results. The above are based on six analyst forecasts, updated since the 3 December 2020 trading update. These estimates are not endorsed by Go-Ahead and the Group assumes no obligation to update or revise them to reflect circumstances arising after the date below.

Last updated: 06 January 2021