Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
NMC Health Plc
Physical assets are 27.8% of total assets, a light footprint.
Physical asset ratio
27.8%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E£829.90MpropertyPlantEquipmentInventory£247.31MinventoryTotal assets£3.87BtotalAssetsResult 27.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—Fixed asset turnover · 2018-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£829.90MpropertyPlantEquipmentResult —
Revenue per dollar of the physical asset base.
Capex / D&A
—Capex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult —
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-£1.25Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£3.87BtotalAssetsGoodwill£1.44BgoodWillIntangibles£178.16MintangibleAssetsLiabilities£2.52BtotalLiabTangible book-£261.69MShares208,704,000SharesOutstandingThis year had no balance-sheet share count, so shares are the current share count.Result -£1.25
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / share-£1.252018-12-31A live quote was not available, so price / tangible book could not be calculated.Tangible book per share is not positive, so the multiple is left blank.Result —
Quote unavailable.
Fixed-charge coverage
—Fixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt£548.87MshortTermDebtPrincipal due is short-term debt.Result —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
—Free cash flow yield · 2018-12-31Latest free cash flow / current market capFree cash flow—Not reportedMarket cap£10.44MMarketCapitalizationYield uses the latest annual free cash flow and the current market cap.Result —
Latest free cash flow divided by current market cap (£10.44M).
ROIC
—ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£1.30BtotalStockholderEquityDebt£1.99BlongTermDebt + shortLongTermDebtCash£324.03McashInvested capital£2.97BROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2011 | 36.8%Physical asset ratio · 2011-12-31(Net PP&E + inventory) / total assetsNet PP&E£76.68MpropertyPlantEquipmentInventory£54.18MinventoryTotal assets£355.24MtotalAssetsResult 36.8% | —Fixed asset turnover · 2011-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£76.68MpropertyPlantEquipmentResult — | —Capex / D&A · 2011-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2011-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£355.24MtotalAssetsGoodwill£0.00Not reported, treated as 0Intangibles£0.00Not reported, treated as 0Liabilities£254.89MtotalLiabTangible book—Shares—Goodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result — | —Fixed-charge coverage · 2011-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt—Not reportedResult — | —Free cash flow · 2011-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2011-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£99.29MtotalStockholderEquityDebt£35.45MlongTermDebtCash£54.07McashInvested capital£80.67MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2011-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£76.68MpropertyPlantEquipmentResult — |
| 2012 | 38.3%Physical asset ratio · 2012-12-31(Net PP&E + inventory) / total assetsNet PP&E£201.65MpropertyPlantEquipmentInventory£72.46MinventoryTotal assets£715.58MtotalAssetsResult 38.3% | —Fixed asset turnover · 2012-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£201.65MpropertyPlantEquipmentResult — | —Capex / D&A · 2012-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2012-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£715.58MtotalAssetsGoodwill£1.02MgoodWillIntangibles£1.02MintangibleAssetsLiabilities£383.98MtotalLiabTangible book—Shares—Result — | —Fixed-charge coverage · 2012-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt—Not reportedResult — | —Free cash flow · 2012-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2012-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£329.67MtotalStockholderEquityDebt£118.43MlongTermDebtCash£23.75McashInvested capital£424.35MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2012-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£201.65MpropertyPlantEquipmentResult — |
| 2013 | 45.1%Physical asset ratio · 2013-12-31(Net PP&E + inventory) / total assetsNet PP&E£273.79MpropertyPlantEquipmentInventory£94.12MinventoryTotal assets£815.26MtotalAssetsResult 45.1% | —Fixed asset turnover · 2013-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£273.79MpropertyPlantEquipmentResult — | —Capex / D&A · 2013-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2013-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£815.26MtotalAssetsGoodwill£1.02MgoodWillIntangibles£1.02MintangibleAssetsLiabilities£426.11MtotalLiabTangible book—Shares—Result — | —Fixed-charge coverage · 2013-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt£332.44MshortTermDebtPrincipal due is short-term debt.Result — | —Free cash flow · 2013-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2013-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£386.24MtotalStockholderEquityDebt£494.28MlongTermDebt + shortLongTermDebtCash£75.33McashInvested capital£805.19MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2013-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£273.79MpropertyPlantEquipmentResult — |
| 2014 | 50.3%Physical asset ratio · 2014-12-31(Net PP&E + inventory) / total assetsNet PP&E£368.36MpropertyPlantEquipmentInventory£110.21MinventoryTotal assets£950.53MtotalAssetsResult 50.3% | —Fixed asset turnover · 2014-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£368.36MpropertyPlantEquipmentResult — | —Capex / D&A · 2014-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2014-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£950.53MtotalAssetsGoodwill£1.02MgoodWillIntangibles£4.24MintangibleAssetsLiabilities£497.50MtotalLiabTangible book—Shares—Result — | —Fixed-charge coverage · 2014-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt£92.06MshortTermDebtPrincipal due is short-term debt.Result — | —Free cash flow · 2014-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2014-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£449.02MtotalStockholderEquityDebt£206.51MlongTermDebt + shortLongTermDebtCash£79.59McashInvested capital£575.94MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2014-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£368.36MpropertyPlantEquipmentResult — |
| 2015 | 39.1%Physical asset ratio · 2015-12-31(Net PP&E + inventory) / total assetsNet PP&E£433.52MpropertyPlantEquipmentInventory£134.79MinventoryTotal assets£1.45BtotalAssetsResult 39.1% | —Fixed asset turnover · 2015-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£433.52MpropertyPlantEquipmentResult — | —Capex / D&A · 2015-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2015-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£1.45BtotalAssetsGoodwill£341.42MgoodWillIntangibles£71.64MintangibleAssetsLiabilities£954.22MtotalLiabTangible book—Shares—Result — | —Fixed-charge coverage · 2015-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt£91.62MshortTermDebtPrincipal due is short-term debt.Result — | —Free cash flow · 2015-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2015-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£487.70MtotalStockholderEquityDebt£575.35MlongTermDebt + shortLongTermDebtCash£122.30McashInvested capital£940.74MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2015-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£433.52MpropertyPlantEquipmentResult — |
| 2016 | 26.1%Physical asset ratio · 2016-12-31(Net PP&E + inventory) / total assetsNet PP&E£459.34MpropertyPlantEquipmentInventory£144.39MinventoryTotal assets£2.32BtotalAssetsResult 26.1% | —Fixed asset turnover · 2016-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£459.34MpropertyPlantEquipmentResult — | —Capex / D&A · 2016-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2016-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£2.32BtotalAssetsGoodwill£567.34MgoodWillIntangibles£85.65MintangibleAssetsLiabilities£1.37BtotalLiabTangible book—Shares—Result — | —Fixed-charge coverage · 2016-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt£454.37MshortTermDebtPrincipal due is short-term debt.Result — | —Free cash flow · 2016-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2016-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£906.87MtotalStockholderEquityDebt£1.05BlongTermDebt + shortLongTermDebtCash£479.94McashInvested capital£1.48BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2016-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£459.34MpropertyPlantEquipmentResult — |
| 2017 | 26.8%Physical asset ratio · 2017-12-31(Net PP&E + inventory) / total assetsNet PP&E£607.09MpropertyPlantEquipmentInventory£181.33MinventoryTotal assets£2.94BtotalAssetsResult 26.8% | —Fixed asset turnover · 2017-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£607.09MpropertyPlantEquipmentResult — | —Capex / D&A · 2017-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2017-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£2.94BtotalAssetsGoodwill£1.06BgoodWillIntangibles£99.14MintangibleAssetsLiabilities£1.79BtotalLiabTangible book—Shares—Result — | —Fixed-charge coverage · 2017-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt£411.19MshortTermDebtPrincipal due is short-term debt.Result — | —Free cash flow · 2017-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2017-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£1.09BtotalStockholderEquityDebt£1.40BlongTermDebt + shortLongTermDebtCash£202.00McashInvested capital£2.29BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2017-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£607.09MpropertyPlantEquipmentResult — |
| 2018 | 27.8%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E£829.90MpropertyPlantEquipmentInventory£247.31MinventoryTotal assets£3.87BtotalAssetsResult 27.8% | —Fixed asset turnover · 2018-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E£829.90MpropertyPlantEquipmentResult — | —Capex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | -£1.25Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets£3.87BtotalAssetsGoodwill£1.44BgoodWillIntangibles£178.16MintangibleAssetsLiabilities£2.52BtotalLiabTangible book-£261.69MShares208,704,000SharesOutstandingThis year had no balance-sheet share count, so shares are the current share count.Result -£1.25 | —Fixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt£548.87MshortTermDebtPrincipal due is short-term debt.Result — | —Free cash flow · 2018-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity£1.30BtotalStockholderEquityDebt£1.99BlongTermDebt + shortLongTermDebtCash£324.03McashInvested capital£2.97BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E£829.90MpropertyPlantEquipmentResult — |
- Principal due is short-term debt, the amount reported as due within a year.
- Shares outstanding use the current share count because this year did not report a balance-sheet share count.
Latest year inputs (2018)
Net PP&E: £829.90M
Inventory: £247.31M
Total assets: £3.87B
Goodwill: £1.44B
Intangibles: £178.16M
Liabilities: £2.52B
Tangible book: -£261.69M
Shares: 208,704,000
Revenue: —
Capex: —
D&A: —
EBITDA: —
Interest: —
Short-term debt: £548.87M
Free cash flow: —
Operating income: —
Invested capital: £2.97B
Tax rate: —