Rolls-Royce (RR)

Business description

Rolls-Royce is a global power systems company producing gas turbines, reciprocating engines and nuclear plant for civil aircraft, defence, marine and energy. Revenues split broadly equally between original equipment (53%) and aftermarket services (47%).

Share price chart

Share chart

Stock data

Market cap.£18716.9m
Last close1,018.00p
High / Low (52 weeks)1065.2p / 769.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorAerospace & Defence

Price performance

%1m3m12m
Actual(3.4)8.74.6
Relative *(3.1)6.6(0.2)

* % Relative to local index

Other companies in sector Show

Company news

Why I Would Buy Imperial Tobacco Group PLC, Rolls-Royce Holding PLC And ...

Wed, 27 May 2015 12:45:00 GMT

Rolls-Royce Holding PLC Earns Sector Perform Rating from RBC Capital (RR)

Thu, 28 May 2015 06:00:00 GMT

Five Top Turnaround Plays: Aviva plc, Rolls-Royce Holding PLC, RSA Insurance ...

Thu, 21 May 2015 15:41:57 GMT

Rolls-Royce Holding PLC Given "Reduce" Rating at AlphaValue (RR)

Thu, 28 May 2015 16:07:30 GMT

Rolls-Royce Holding PLC Stock Rating Reaffirmed by RBC Capital (RR)

Wed, 27 May 2015 05:37:30 GMT

Investment summary

Rolls-Royce's November IMS highlighted c £300m of restructuring charges for 2014-15e as the company focuses on those elements of its costs that are within its control; the payback period should be around 2.5 years. 2015 earnings (pre-charges) are now likely to be down by up to 5% (vs previous guidance of flat), with Civil Aerospace margins only really expected to inflect upwards from 2018 onwards. We see the appointment of a new CFO as an opportunity to enhance the relationship with stakeholders, and revisit an approach to accounting that has often appeared opaque or confusing. The subsequent completion of the energy gas turbine business sale to Siemens on 1 December triggered the start of the £1bn share buyback, which commenced on 10 December.

Last updated on 06/05/2015

Y/E Dec Revenue (£bn) EBITDA (£bn) PBT (£bn) EPS (fd) (p) P/E (x) P/CF (x)
2012A 12.2 1.2 1.4 57.8 17.6 13.0
2013A 15.5 1.5 1.8 65.1 15.6 8.4
2014E N/A N/A N/A N/A N/A N/A
2015E N/A N/A N/A N/A N/A N/A

Last updated on 30/03/2015

Latest research

Daily comment

Institutional Comment | Aerospace & Defence | 13/02/2015

Daily comment

Institutional Comment | Aerospace & Defence | 09/02/2015

Daily comment

Institutional Comment | Aerospace & Defence | 05/11/2014

Daily comment

Institutional Comment | Aerospace & Defence | 24/10/2014

Daily comment

Institutional Comment | Aerospace & Defence | 21/10/2014

A disappointing 2015e, and cautious new medium-term guidance

Institutional Update | Aerospace & Defence | 20/10/2014

Daily comment

Institutional Comment | Aerospace & Defence | 30/09/2014

Daily comment

Institutional Comment | Aerospace & Defence | 17/07/2014

Daily comment

Institutional Comment | Aerospace & Defence | 16/07/2014

Daily comment

Institutional Comment | Aerospace & Defence | 15/07/2014

Moving to 'risk off'

Update | Aerospace & Defence | 15/07/2014

Daily comment

Institutional Comment | Aerospace & Defence | 19/06/2014

Latest video

Executive Interview - Rolls-Royce

Industry outlook

Rolls' June 2014 Investor Briefing included a clear statement that the company is not looking to make major acquisitions. This lays to rest investor fears that Rolls might return to Wartsila, which could have cost $8bn+. With a strong Trent-based civil engine growth story, Rolls is clearly focused on managing the cash costs of this, underlying operational performance, and preparing for the development of the next generation of narrow-bodied aircraft engines.

Last updated on 06/05/2015

Key management

Ian Davis, Chairman
John Rishton, CEO

Company address

65 Buckingham Gate
London
SW1E 6AT
United Kingdom
+44 (0) 20 7222 9020
View website