Centrica PLC CNA Tancrede Fulop, CFA - Senior Equity Analyst - Morningstar Inc.

Last Price
127.45

Day Change
-0.50|-0.39%

As of 01/05/2024
17:41:03 BST | GBX Minimum 15 Minutes Delay.

Bid/Offer	Day Range	Volume	90d Ave Vol	Mkt Cap
127.40 - 128.85	127.20 - 130.05	10,242,945	40,738,552	6.81Bil

Last Close	52 Week Range	P/E	Yield %	ISIN
127.95	112.25 - 173.70	1.84	2.60	GB00B033F229

Centrica Share Price

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Morningstar's Take CNA

Centrica is the leading retail energy supplier in the U.K. operating under the brand British Gas. It also has upstream and midstream operations including oil and gas production in the North Sea and a 20% stake in EDF’s U.K. nuclear plants. Thanks to its upstream operations, Centrica was historically positively exposed to soaring commodity prices. Accordingly, the fall of the latter drove a 90% collapse in adjusted EPS between 2013 and 2020, leading to the cancellation of the dividend in 2020. Conversely, the rebound of commodity prices, driven by the energy crisis, boosted profits in 2022 and 2023.

Fair Value Estimate

180.00 GBX

Uncertainty

Average

Economic Moat

None

There is no one analyst in which a Quantitative Fair Value Estimate is attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., is responsible for overseeing the methodology that supports the quantitative fair value. As an employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.’s Code of Ethics and Personal Securities Trading Policy in carrying out his responsibilities. For information regarding Conflicts of Interests, click here.

Total Returns 30/04/2024

	Chg (%)

Centrica PLC	-2.37
FTSE 100 TR GBP	-0.04

	Chg (%)

Centrica PLC	0.24
FTSE 100 TR GBP	2.72

	Chg (%)

Centrica PLC	-7.58
FTSE 100 TR GBP	8.19

	Chg (%)

Centrica PLC	14.66
FTSE 100 TR GBP	7.66

	Chg (%)

Centrica PLC	32.66
FTSE 100 TR GBP	9.37

	Chg (%)

Centrica PLC	6.00
FTSE 100 TR GBP	5.78

	Chg (%)

Centrica PLC	-5.11
FTSE 100 TR GBP	5.83

Financials
	2021	2022	2023
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Income Statement
Turnover	14,744.00	23,741.00	26,458.00
Operating Profit	-74.00	173.00	7,551.00
Net Profit	549.00	-636.00	4,040.00
Reported EPS	9.90	-13.30	69.40
Balance Sheet
Current Assets	18,213.00	20,688.00	16,066.00
Non Current Assets	7,201.00	8,350.00	5,300.00
Total Assets	27,086.00	29,038.00	21,366.00
Current Liabilities	17,976.00	21,711.00	11,136.00
Total Liabilities	24,336.00	27,758.00	17,133.00
Total Equity	2,750.00	1,280.00	4,233.00
Cash Flow
Operating Cash Flow	1,751.00	1,888.00	3,555.00
Net Change in Cash	2,936.00	-169.00	1,453.00

Regulatory News

Commentary

Date	Author	Headline
27/07/2023	Alliance News	Earnings Round-up: Shell, BT, Centrica, Barclays Another busy day for earnings brought a blizzard of financial information to investors
13/10/2022	Robert van den Oever	Q4 Outlook: Europe is a Sea of Undervalued Stocks The majority of European stocks are undervalued, according to Morningstar metrics
13/12/2019	James Gard	Election 2019: FTSE 250 Hits Record But Brexit Looms Sterling, mid-cap and Corbyn-threatened stocks rallied after the best Conservative showing in an election since 1987, but Brexit is already having a sobering effect on some traders

Director Dealings
Traded	Action	Notifier	Price	Amount	Value
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25/04/2024	Purchase	Mr. Philippe Boisseau	131.07	1,428	1,872.00
25/04/2024	Purchase	Ms. Amber Augusta Rudd	131.07	1,710	2,241.00
11/04/2024	Purchase	Mr. Christopher Michael O'Shea	128.21	117	150.00
11/04/2024	Transfer in	Mr. Christopher Michael O'Shea	0.00	22	0.00

Company Profile

Centrica is a diversified utility based in the U.K. with operations that produce oil and gas and supply natural gas and electricity. Its British Gas business unit is the largest residential supplier of natural gas and HVAC services in Britain.

Sector

Utilities

Industry

Utilities - Independent Power Producers

Stock Style

Mid-Blend

Fiscal Year Ends

December

Employees

21,014

Next Event 05/06/2024

Annual General Meeting

Ratios
	Comp

PER (E)	1.84
Div Yld (E)	2.60
PEG (E)	0.00
ROCE	66.27
Op Mrgn	28.50
EPS Grwth	0.00

Dividends
	Previous	Latest
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Record Date	06/10/23	31/05/24
Ex-Div	05/10/23	30/05/24
Paid	16/11/23	11/07/24
Amnt	1.33	2.67

Directors
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Non-Executive Director	Mr. Philippe Boisseau
Non-Executive Director, Chairman	Mr. Jonathan Scott Wheway
Non-Executive Director, Senior Independent Director	Mr. Kevin O'Byrne
Non-Executive Director	Ms. Heidi Mottram
Non-Executive Director	Ms. Amber Augusta Rudd
Executive Director, Chief Executive Officer	Mr. Christopher Michael O'Shea
Non-Executive Director	Ms. Jo Harlow
Non-Executive Director	Mr. Nathan Bostock
Non-Executive Director	Ms. Carol Arrowsmith
Non-Executive Director	Ms. Sue Whalley
Non-Executive Director	Mr. Chanderpreet Duggal
Executive Director, Chief Financial Officer	Mr. Russell O'Brien

Tancrede Fulop, CFA - Senior Equity Analyst - Morningstar Inc.

The conduct of Morningstar's analysts is governed by Morningstar's Code of Ethics, Securities Trading and Disclosure Policy, and Investment Research Integrity Policy. For information regarding conflicts of interest, please click here.

Fair Value is derived from a detailed projection of a company’s future cash flows. Analysts create custom industry and company assumptions to feed income statement, balance sheet, and capital investment assumptions into a proprietary discounted cash flow modeling template. Scenario analysis, in-depth competitive advantage analysis, and a variety of other analytical tools are used to augment the discounted cash flow process. Combining analysts’ financial forecasts with the firm’s economic moat helps us assess how long returns on invested capital are likely to exceed the firm’s cost of capital. Because we are modeling free cash flow to the firm—representing cash available to provide a return to all capital providers—we discount future cash flows using the weighted average of the costs of equity, debt, and preferred stock (and any other funding sources), using expected future proportionate long-term, market-value weights. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Qualitative Fair Value, please click here.