NXT

Next (NXT)

Company name:	Next Plc
Company Description:	A group engaged in the retail of clothing; footwear; accessories and home products
EPIC:	NXT	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB0032089863
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.next.co.uk/	Description:	ORD 10P
Industry Sector:	GENERAL RETAILERS

Price	Price Change [%]	Bid	Ask	Open	High	Low	Volume
7,400.00	-24.0 [-0.32]	7,422.00	7,430.00	7,338.00	7,536.00	7,312.00	298,247
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
9,838.25	132.95	0.06	472.40	-	15.66	-	8,180.00 - 3,311.00

Next Key Figures

(at previous day's close)
Market Cap.	9,838.25	m
Shares In Issue	132.95	m
Prev. Close	7,424.00
PE Ratio	15.66
Dividend Yield	-	%
EPS - basic	472.40	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	697.41	p
Return On Equity (ROE)	138.21	%
Operating Margin	18.72	%
PEG Factor	1.84
EPS Growth Rate	8.52	%
Dividends PS Growth Rate	-	%
Net Debt	3,145.20	m
Gross Gearing	87.98	%
Quick Assets	1,481.80	m
Net Working Capital	1,059.60	m
Intangibles / Fixed Assets	53.90	%
Turnover PS	3,006.79	p
Pre-Tax Profit PS	563.00	p
Retained Profit PS	298.31	p
Cash PS	65.14	p
Net Cash PS	-649.27	p
Net Tangible Asset Value PS *	-342.54	p
Net Asset Value PS	332.08	p
Spread	8.00 (0.11%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Next Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	7,756.00	7,312.00
4 weeks	8,026.00	7,312.00
12 weeks	8,180.00	6,374.00
1 year	8,180.00	3,311.00

Share Price Chart (5 years)

Next Historic Returns

Giorni da oggi ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	7,500.00	-100.00	-1.33	7,312.00	0.28		7,518.48
4 weeks	7,818.00	-418.00	-5.35	7,312.00	0.30		7,705.05
12 weeks	6,638.00	762.00	11.48	6,374.00	0.38		7,566.16
26 weeks	5,690.00	1,710.00	30.05	5,534.00	0.40		6,836.48
1 year	6,206.00	1,194.00	19.24	3,311.00	0.50		5,595.53
3 years	4,692.00	2,708.00	57.72	3,311.00	0.55		5,615.86
5 years	6,590.00	810.00	12.29	3,311.00	0.62		5,181.59
† periods calculated are whole weeks rather than calendar months

Next Key Management Ratios

Next Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	21.17
PE Ratio	15.66
Tobin's Q Ratio	3.03
Tobin's Q Ratio (excl. intangibles)	3.55
Dividend Yield	-	%
Market-to-Book Ratio	22.28
Price-to-Pre-Tax Profit PS	13.14
Price-to-Retained Profit PS	24.81
Price-to-Cash Flow PS	10.61
Price-to-Sales PS	2.46
Price-to-Net Tangible Asset Value PS	-21.60
Price-to-Cash PS	113.61
Net Working Capital PS	797.00
Price Pct to Working Capital PS	9.28	%
Earnings Yield	6.38	%
Average PE	12.56
Years in average	5
PE to PE average	124.68	%

Next Financial Ratios

(Leverage Ratios)
Debt Ratio	83.79	%
Debt-to-Equity Ratio	5.17
Debt-to-Equity Ratio (excl. Intgbl)	-5.01
Debt-to-Equity Market Value	0.23
Net Gearing	85.62	%
Net Gearing (excl. Intangibles)	113.28	%
Gross Gearing	87.98	%
Gross Gearing (excl. Intangibles)	116.40	%
Gearing Under 1 Year	25.86	%
Gearing Under 1 Year (excl. Intgbl)	34.21	%
Assets/Equity	8.32
Cash/Equity	19.61
(Liquidity Ratios)
Net Working Capital to Total Assets	28.85	%
Current Ratio	2.12
Quick Ratio (Acid Test)	1.56
Liquidity Ratio	0.09
Cash & Equiv/Current Assets	4.31	%
(Solvency Ratios)
Enterprise Value	12,033.65	m
CFO/Sales	0.23
CFO/Attributable Profit	1.52
CFO/Assets	0.25
CFO/Debt	0.29
Total Debt/Equity Market Value	0.33
Total Debt/Sales	0.81
Total Debt/Pre-Tax Profit	4.32
Total Debt	3,231.80	m
Total Debt/Net Current Assets	3.05	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	4.27	%
5 yr Compound Earnings Growth	0.95	%
10 yr Compound Earnings Growth	7.85	%
Earn drops > 5% in 10yrs	3

Beta (60-Mnth)	Beta (36-Mnth)
0.0596	0.8297

Next Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	27.48	%
Return On Assets (ROA)	18.82	%
Net Profit Margin	15.26	%
Assets Turnover	1.23
Return On Equity (ROE)	138.21	%
Return On Investment (ROI)	27.60	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	122.62	%
Net Income Of Revenues	9.92	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	8.03
Fixed Assets Turnover	3.26
Current Assets Turnover	1.98
Net Working Capital Turnover
Inventory Turnover	7.76
(Other Operating Ratios)
Total Assets-to-Sales	0.81
Debtors-to-Sales	34.50	%
Debt Collection Period	125.93	Days

Next Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
19 Sep 2019	Interim	GBX	57.50	01/27/2019	07/27/2019	12/05/2019	12/06/2019	01/02/2020	-
21 Mar 2019	Final	GBX	110.00	01/26/2018	01/26/2019	07/04/2019	07/05/2019	08/01/2019	165.00
25 Sep 2018	Interim	GBX	55.00	01/28/2018	07/28/2018	12/06/2018	12/07/2018	01/02/2019	-
23 Mar 2018	Final	GBX	105.00	01/27/2017	01/27/2018	07/05/2018	07/06/2018	08/01/2018	158.00
14 Sep 2017	Interim	GBX	53.00	01/27/2017	01/27/2018	12/07/2017	12/08/2017	01/02/2018	-
23 Mar 2017	Special	GBX	45.00	01/28/2016	01/28/2017	04/06/2017	04/07/2017	05/02/2017	-
23 Mar 2017	Final	GBX	105.00	01/28/2016	01/28/2017	07/06/2017	07/07/2017	08/01/2017	158.00
15 Sep 2016	Interim	GBX	53.00	01/30/2016	07/30/2016	12/08/2016	12/09/2016	01/03/2017	-
24 Mar 2016	Final	GBX	105.00	01/30/2015	01/30/2016	07/07/2016	07/08/2016	08/01/2016	158.00
10 Sep 2015	Interim	GBX	53.00	01/25/2015	07/25/2015	12/10/2015	12/11/2015	01/04/2016	-
28 Jul 2015	Special	GBX	60.00	01/25/2015	07/25/2015	10/08/2015	10/09/2015	11/02/2015	-
29 Apr 2015	Special	GBX	60.00	12/24/2014	04/24/2015	07/09/2015	07/10/2015	08/03/2015	-
19 Mar 2015	Final	GBX	100.00	01/24/2014	01/24/2015	07/09/2015	07/10/2015	08/03/2015	150.00
05 Feb 2015	Special	GBX	60.00	01/26/2014	07/26/2014	04/09/2015	04/10/2015	05/01/2015	-
11 Sep 2014	Interim	GBX	50.00	01/26/2014	07/26/2014	12/03/2014	12/05/2014	01/02/2015	-
20 Mar 2014	Final	GBX	93.00	01/25/2013	01/25/2014	07/09/2014	07/11/2014	08/01/2014	129.00
31 Jan 2014	Special	GBX	50.00	01/27/2013	07/27/2013	04/02/2014	04/04/2014	05/01/2014	-
03 Jan 2014	Special	GBX	50.00	01/27/2013	07/27/2013	01/15/2014	01/17/2014	02/03/2014	-
12 Sep 2013	Interim	GBX	36.00	01/27/2013	07/27/2013	11/20/2013	11/22/2013	01/02/2014	-
21 Mar 2013	Final	GBX	74.00	01/26/2012	01/26/2013	06/26/2013	06/28/2013	08/01/2013	105.00
13 Sep 2012	Interim	GBX	31.00	01/26/2012	01/26/2013	11/21/2012	11/23/2012	01/02/2013	-
22 Mar 2012	Final	GBX	62.50	01/28/2011	01/28/2012	06/27/2012	06/29/2012	08/01/2012	90.00
14 Sep 2011	Interim	GBX	27.50	01/28/2011	01/28/2012	11/23/2011	11/25/2011	01/03/2012	-
24 Mar 2011	Final	GBX	53.00	01/31/2010	01/31/2011	05/25/2011	05/27/2011	07/01/2011	78.00
15 Sep 2010	Interim	GBX	25.00	01/31/2010	01/31/2011	11/24/2010	11/26/2010	01/04/2011	-
25 Mar 2010	Final	GBX	47.00	01/31/2009	01/31/2010	05/26/2010	05/28/2010	07/01/2010	66.00
16 Sep 2009	Interim	GBX	19.00	01/31/2009	07/31/2009	11/25/2009	11/27/2009	01/04/2010	-
26 Mar 2009	Final	GBX	37.00	01/31/2008	01/31/2009	05/27/2009	05/29/2009	07/01/2009	55.00
10 Sep 2008	Interim	GBX	18.00	01/31/2008	07/31/2008	11/26/2008	11/28/2008	01/05/2009	-
19 Mar 2008	Final	GBX	37.00	01/31/2007	01/31/2008	05/28/2008	05/30/2008	07/01/2008	55.00
11 Sep 2007	Interim	GBX	18.00	01/31/2007	07/31/2007	11/28/2007	11/30/2007	01/02/2008	-
20 Mar 2007	Final	GBX	33.50	12/31/2005	12/31/2006	05/23/2007	05/25/2007	07/02/2007	49.00
13 Sep 2006	Interim	GBX	15.50	01/31/2006	07/31/2006	11/22/2006	11/24/2006	01/02/2007	-
23 Mar 2006	Final	GBX	30.00	01/31/2005	01/31/2006	05/24/2006	05/26/2006	07/03/2006	44.00
15 Sep 2005	Interim	GBX	14.00	01/31/2005	07/31/2005	11/23/2005	11/25/2005	01/03/2006	-
23 Mar 2005	Final	GBX	28.00	01/29/2004	01/29/2005	05/25/2005	05/27/2005	07/01/2005	41.00
14 Sep 2004	Interim	GBX	13.00	01/31/2004	07/31/2004	11/24/2004	11/26/2004	01/04/2005	-
25 Mar 2004	Final	GBX	24.00	01/31/2003	01/31/2004	05/26/2004	05/28/2002	07/01/2004	35.00
18 Sep 2003	Interim	GBX	11.00	01/31/2003	07/31/2003	11/26/2003	11/28/2003	01/02/2004	-
27 Mar 2003	Final	GBX	21.00	02/01/2002	02/01/2003	05/28/2003	05/30/2003	07/01/2003	31.00
11 Sep 2002	Interim	GBX	10.00	01/31/2002	07/31/2002	11/06/2002	11/08/2002	01/02/2003	-
21 Mar 2002	Final	GBX	18.50	01/26/2001	01/26/2002	05/29/2002	05/31/2002	07/01/2002	27.50
11 Sep 2001	Interim	GBX	9.00	01/31/2001	07/31/2001	11/28/2001	11/30/2001	01/02/2002	-
22 Mar 2001	Final	GBX	16.00	01/27/2000	01/27/2001	05/30/2001	06/01/2001	07/02/2001	24.00
12 Sep 2000	Interim	GBX	8.00	01/31/2000	07/31/2000	12/04/2000	12/08/2000	01/02/2001	-
23 Mar 2000	Final	GBX	14.00	01/29/1999	01/29/2000	05/30/2000	06/05/2000	07/04/2000	21.00
15 Sep 1999	Interim	GBX	7.00	01/31/1999	07/31/1999	12/06/1999	12/10/1999	01/05/2000	-
24 Mar 1999	Final	GBX	12.60	01/30/1998	01/30/1999	05/24/1999	05/28/1999	07/01/1999	19.10
17 Sep 1998	Interim	GBX	6.50	01/31/1998	07/31/1998	11/30/1998	12/04/1998	01/02/1999	-
26 Mar 1998	Final	GBX	12.00	01/31/1997	01/31/1998	05/26/1998	06/01/1998	07/01/1998	18.00

Next Fundamentals

	28 Jan 2017 (GBP)		27 Jan 2018 (GBP)		26 Jan 2019 (GBP)		25 Jan 2020 (GBP)
turnover	4,097.30	100.00%	4,055.50	100.00%	3,917.10	100.00%	3,997.50	100.00%	m
pre tax profit	790.20	19.29%	726.10	17.90%	722.90	18.45%	748.50	18.72%	m
attributable profit	635.30	15.51%	591.80	14.59%	590.40	15.07%	610.20	15.26%	m
retained profit	321.20	7.84%	112.10	2.76%	374.70	9.57%	396.60	9.92%	m
eps - basic (p)	441.30		416.70		435.30		472.40
eps - diluted (p)	431.80		415.70		433.00		468.80
dividends per share	158.00		158.00		165.00		-

Next Balance Sheet

	28 Jan 2017 (GBP)		27 Jan 2018 (GBP)		26 Jan 2019 (GBP)		25 Jan 2020 (GBP)


	28 Jan 2017 (GBP)		27 Jan 2018 (GBP)		26 Jan 2019 (GBP)		25 Jan 2020 (GBP)
ASSETS
fixed assets	578.60	24.06%	558.90	21.82%	564.90	20.09%	578.50	15.75%	m
intangibles	43.30	1.80%	42.90	1.67%	42.60	1.52%	896.90	24.42%	m
fixed investments	156.30	6.50%	162.10	6.33%	181.50	6.46%	188.50	5.13%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	451.10	18.76%	490.10	19.13%	502.80	17.88%	527.60	14.36%	m
debtors	1,125.80	46.81%	1,254.00	48.96%	1,363.20	48.49%	1,395.20	37.98%	m
cash & securities	49.70	2.07%	53.50	2.09%	156.30	5.56%	86.60	2.36%	m

TOTAL	2,404.80	100%	2,561.50	100%	2,811.30	100%	3,673.30	100%	m

LIABILITIES
creditors - short	725.00	30.15%	914.80	35.71%	1,112.50	39.57%	949.80	25.86%	m
creditors - long	1,169.30	48.62%	1,164.10	45.45%	1,145.00	40.73%	2,282.00	62.12%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	1,894.30	78.77%	2,078.90	81.16%	2,257.50	80.30%	3,231.80	87.98%	m

EQUITY
ord cap, reserves	510.50	21.23%	482.60	18.84%	553.80	19.70%	441.50	12.02%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	510.50	21.23%	482.60	18.84%	553.80	19.70%	441.50	12.02%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Next Cash Flow Statement

	28 Jan 2017 (GBP)	27 Jan 2018 (GBP)	26 Jan 2019 (GBP)	25 Jan 2020 (GBP)
Operating CF	699.50	615.20	654.30	927.20	m
Pre-Financing CF	545.20	503.00	528.40	788.10	m
Retained CF	-39.20	-4.60	24.50	18.90	m

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