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The FTSE All-share Index is traded under London Stock Exchange (LSE) and known as FTSE Actuaries All share index. It is believed to be one of the top performance measures on LSE, comprising over 600 companies. The Index covers 98 per cent of the United Kingdomâs Market Capitalisation. Here we are going to discuss the earnings and share price performance of two FTSE All-share index companies, which have provided their respective full-year financial results performance.
Legal & General Group Plc
Legal & General Group Plc (LON:LGEN) is the financial services provider in the United Kingdom as well as in the United States. The company is a well-known name in securing financial futures of the people and has been termed as one of the biggest managers for corporate pension scheme and the major provider of individual life insurance products.
LGEN â Yearly Financial Performance
On 4th March 2020, the company announced its result for the year ended 31st December 2019.
The net premiums earned increased to £11,685 million in the year 2019 as compared to £10,729 million in the year 2018. The Fees from fund management and investment contracts increased to £834 million as compared to £802 million in the year 2018. Investment returns increased significantly to £53,014 million as compared to a loss of £11,843 million in the year 2018. The total income increased substantially to £66,786 million as compared to £894 million in the year 2018.
The claims and change in insurance contract liabilities increased to £19,005 million as compared to £8,370 million in the year 2018. In contrast, the Net claims and change in insurance contract liabilities increased more than double to £15,503 million as compared to £7,319 million in the year 2018.
The profit before tax increased to £2,156 million in the year 2019 as compared to £2,129 million in the year 2018. The profit before tax attributable to equity holders increased to £2,084 million in the year 2019 as compared to £2,076 million in the year 2018.
The profit of the year increased to £1,810 million in the year 2019 as compared to £1,808 million in the year 2018. The total basic earnings per share rose to 30.92 pence per share versus 30.79 pence per share in the year 2018. In contrast, the total diluted earnings per share rose to 30.75 pence per share as compared to 30.64 pence per share in the year 2018.
 LGEN â Share price performance
(Source: Thomson Reuters)
On 05th March 2020, at around 11:03 PM (GMT), by the time of writing this report, the stock of Legal & General Group Plc traded at a price of GBX 250.80 per share on the London Stock Exchange, a decrease in the value of around 4.09 per cent or GBX 10.70 per share, as opposed to the closing price of the stock on the previous trading day, which has been reported to be at GBX 261.50 per share.
The share price of Legal & General Group Plc recorded at GBX 324.70 as on 13th December 2019 was its 1-year peak price, whereas the share price recorded at GBX 214.90 as on 28th August 2020 was the 1-year low share price. The current share price was lower by 22.76 per cent from the 1-year high price, whereas the current share price was higher by 16.71 per cent from the 1-year low price.
The beta of the stock has been reported at a value of 1.12, representing the fact that the movement of the share price of the company has higher volatility as compared with the movement in the comparative benchmark index.
At the time of writing, the market capitalisation of Legal & General Group Plc was GBP 15.60 billion with regards to the current market price of the stock. The free float and outstanding shares of Legal & General Group Plc were reported at 5.86 billion and 5.97 billion, respectively.
Devro Plc
Devro Plc (LON:DVO) is one of the major suppliers of collagen casings for food in the different parts of the world. The customers have been using the companyâs products in the manufacturing of various sausages and other meat products. More than 2,000 employees are working with Devro Plc, and more than 100 staff connect with over 1,000 customers daily. In the year 1993 the companyâs shares were listed on the London Stock Exchange.
DVO â Yearly Financial Performance
On 4th March 2020, Devro Plc announced its result for the year ended 31st December 2019.
In the year 2019, the companyâs reported revenue reduced to £250.0 million versus £253.4 million in the previous year.
The Reported Operating Profit/(Loss) was reported at a loss of £14.0 million in the year 2019 versus a profit of £26.9 million in the year 2018. The underlying Operating Profit before non-recurring items decreased marginally to £39.1 million in the year 2019 as compared to £39.2 million in the year 2018.
The reported Profit/(loss) before tax was reported at a loss of £21.8 million in the year 2019 versus a profit of £26.9 million in the year 2018. In contrast, the underlying Profit before tax increased marginally to £33.1 million in the year 2019 as compared to £32.1 million in the year 2018.
In the year 2019, the company reported a loss attributable to owners of £41.4 million as compared to a profit of £12.5 million in the year 2018. In contrast, the underlying Profit before tax increased marginally to £25.4 million in the year 2019 as compared to £24.4 million in the year 2018.
The reported basic earnings per share declined significantly to a loss of 24.8 pence in the year 2019 as compared to a gain of 7.5 pence in the year 2018. The reported diluted earnings per share were a loss of 24.8 pence in the year 2019 as compared to a gain of 7.4 pence in the year 2018.
The companyâs volume increased by 13 per cent in the second half due to robust growth in emerging markets. The company posted 7 per cent growth in the volume through the year 2019.
The company reported a low demand in Japan, Europe and the United Kingdom, with a reduction of 3 per cent in the year 2019. Nevertheless, the company showed continuous good growth in North America.
As per the companyâs expectation, it achieved the cost-saving of £7.4 million in the year 2019. The company showed a substantial increase in free cash flow generation to £30.8 million as compared to £11.2 million in the year 2018. The Net Debt / EBITDA ratio decreased to 1.9 times as on 31st December 2019 as compared to 2.2 times in the year 2018.
The company stated that Statutory loss before tax includes a non-cash impairment charge and Bellshill closure expense of £45.9 million, primarily associated with china and the United States plant.
DVO â Share price Performance Â
(Source: Thomson Reuters)
On 05th March 2020, at around 11:06 AM (GMT), by the time of writing this report, the stock of Devro Plc traded at a price of GBX 161.60 per share on the London Stock Exchange, an increase in the value of around 1.64 per cent or GBX 2.60 per share, as opposed to the closing price of the stock on the previous trading day, which has been reported to be at GBX 159.0 per share.
The share price of Devro Plc recorded at GBX 223.08 as on 04th July 2019 was its 1-year peak price, whereas the share price recorded at GBX 145.40 as on 27th February 2020 was the 1-year low share price. The current share price was lower by 27.56 per cent from the 1-year high price, whereas the current share price was higher by 11.14 per cent from the 1-year low price.
The beta of the stock has been reported at a value of 1.48, representing the fact that the movement of the share price of the company has higher volatility as compared with the movement in the comparative benchmark index.
At the time of writing, the market capitalisation of Devro Plc was GBP 265.45 million with regards to the current market price of the stock. The free float and outstanding shares of Devro Plc were reported at 162.42 million and 166.95 million, respectively.
