AI 銘柄分析 · 10年

United Utilities Group PLC

UU. · GBP · 分析基準日 2026-11-06

{ "title": "規制RCVは現金ではない。AMP8の料金・設備更新の成果と高投資負担を旧株主持分に反映", "rating": "valuation_derived_not_price_target", "quoted_price_gbp": 15.43, "scenario_expected_present_value_oku": 83.013637241, "scenario_expected_value_per_initial_share_gbp": 11.174809132, "expected_value_to_market_price": 0.724226127, "expected_10y_money_weighted_IRR": 0.044169078, "as_of_book_equity_status": "proxy", "core_uncertainty": "規制リオープナー最終決定と今後のPR29料金、更新・成長投資の回収、インフレリンク債、2026-11-06信託株数" }

10年期待年率4.42%

資本コスト8.50%

直近終値15.43 GBP2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

株価15.43 GBP・2026-11-06基準。2026年5月発行済普通株742,864,028株を代理値に使用し、基準日の従業員信託残高は未確認。将来配当・増資は予測で、想定イベント日以降は再分析が必要。サイトの終価割引は10年固定（実日数3653/365.25の約10.00137年との差は近似）。
分析基準日2026-11-06。株数は2026年5月5日の増資後の発行株数を代理値として使用し、当日の従業員信託保有株数は未確認。未宣言の配当額と権利落ち日は予測。予測イベント到来後は再分析が必要。
{
"investment_thesis": "北西イングランドで規制された水道・下水サービスを提供する必需事業。PR24により投資・料金回収の可視性は上がったが、支出超過、ODI、環境義務、資本希薄化が普通株の真の価値を左右する。",
"financing": "2026-05-05調達のネット£788mは基準日前の既実施資本流入。以後の調達はシナリオ仮定。",
"income_quality": "FY2026連結親会社利益はIFRS £586.8m。SBC £4.5mは費用のまま。FY2026 underlying EPSは会計見積変更・インフラ更新の資産計上による押上げがあるため永久利益に無修正で乗じない。",
"dividend_timing": "2026-08-03支払最終配当は基準日前に全額消化済み。2027-02-01次回予定は配当額未確定のためシナリオ予測。2026-12-17除権予定は配当宣言確認済みのex_dateとは区別。",
"regulatory_vs_ifrs": "RCVは規制料金・減価償却・許容リターン計算に用いる資産価値で株主現金でない。IFRS equity, net financial debt, regulatory gearing, RCVを同一金額として換算しない。",
"highest_priority_checks": [
"2026年11月6日実効普通株数（従業員信託残高・5月以降の新株）",
"2026年9月末未公表中間財務の実際の純負債・IFRS親会社資本",
"2026年12月Ofwatリオープナー最終結論",
"環境罰金・係争/投資義務・IFRSの引当計上時点",
"2030年以降PR29の新料金収益認定"
]
}

事業

geography

England North West

customer_base

約800万人／人口ベースの生活基盤

core

United Utilities Water Ltdの水道・下水卸売と家計小売

revenue_sources

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1: 水道卸売の規制料金
2: 下水卸売の規制料金
3: 家庭向けリテール料金
4: その他接続・工事関連収入

economic_characteristics

安定した顧客需要、長寿命資産、投資/料金はOfwat規制、環境処理性能を満たさないとODI減額・違反制裁。料金請求権はRCVが換金できることを意味しない。

regulatory_periods

1: AMP8 2025-04-01 to 2030-03-31
2: AMP9 2030-04-01 to 2035-03-31: future PR29 price control terms assumed not yet confirmed
3: AMP10 2035-04-01 onward: entirely forecast

allowed_revenue_mechanics

PR24を起点にallowed returns on nominalized RCV, RCV run-off, totex allowances, inflation, regulatory adjustments and ODIs; not all spending becomes RCV automatically.

inflation_linked_debt

FY26管理上RPI-linked債務エクスポージャ約£3.2bn、CPI/CPIH約£1.4bn。債務元本のインデクセーションは現金利払いと区別。FY26 EIR推計法変更が実績会計に影響。

competitive_position

地域独占型の管路インフラ、ネットワーク規模と水処理専門性。ただし顧客移転による競争ではなく、競争的調達、Ofwat効率比較、債券投資家の審査が規律する。

競争力・事業の質

sector_stability_score_0_to_5

4.1

regulatory_visibility_score_0_to_5

3.4

financial_flexibility_score_0_to_5

2.7

governance_and_environment_score_0_to_5

2.2

return_on_equity_caution

IFRS book equity is small relative to large long-lived RCV / debt financing. IFRS PAT/book equity is not a valid uncontested sustainable economic return or terminal market P/B anchor.

environmental_performance

FY26 storm spills declined 23% YoY, internal sewer flooding 42% down, but Ofwat estimate FY26 net ODI penalty ~£35m; future improvement targets binding.

enforcement_asof

verified_2026_09_08_fine_oku: 0.009
fine_legal_surcharge_total_oku: 0.00964225
further_ofwat_environment_investigation: 未確定の追加罰金額は特定不能。モデルではシナリオ期待負担として費用計上;実際の確定負債ではない。

accounting_quality

FY2026 IRE capitalisation and debt EIR methodology change affected underlying comparability; forecast IFRS profit explicitly contains employee SBC expense and noncash bond indexation.

業界と環境

regulator

Ofwat (UK water England/Wales)

price_review

PR24 final December 2024, 2025-30

allowed_appointee_WACC_CPIH_real

0.0403

regulatory_notional_debt_fraction

0.55

ofwat_pr24_total_TOTEX_allowance_oku

130

company_new_AMP8_capital_investment_guidance_oku

115

FY2027_company_capital_investment_guidance_oku

2026_cost_change_DRAFT_in_2022_23_prices_oku

9.58

2026_company_cost_change_response_in_2022_23_prices_oku

10.26

management_incremental_reopener_AMP8_capex_oku

cost_change_final_decision_due

2026-12 (after valuation cutoff; not assumed approved)

environmental_PR24_targets

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storm_overflows_spill_reduction: 0.33
pollution_incidents_reduction: 0.3
leakage_reduction: 0.13
internal_sewer_flooding_reduction: 0.4
water_quality_contacts_reduction: 0.34

risk_drivers

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1: PR29再設定と利回り低下
2: RPI/CPIHと規制料金回収ラグ
3: 設備建設コストとサプライチェーン
4: 過剰流出や河川環境規制/罰金
5: 資本増資と配当制限
6: 定率維持投資と資産劣化
7: Water Plus事業持分損失・保証

財務・資本配分

latest_financials_source

fy26_preliminary

latest_audited_report_disclosed

2026-06-24 FY26 full report; exact detailed re-audit of preliminary table uncompleted

fy2026_as_reported

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fiscal_year_end

2026-03-31

売上高

26.163

cash_operating_expense_including_sbc_oku

9.783

infrastructure_renewal_expense_oku

0.381

depreciation_and_amortization_oku

5.005

営業利益（億）

10.994

net_finance_expense_oku

3.158

equity_accounted_jv_loss_oku

0.046

profit_before_tax_oku

7.79

tax_expense_oku

1.922

attributable_profit_oku

5.868

親会社持分（億）

22.414

total_equity_oku

22.414

noncontrolling_interest_oku

cash_and_equivalents_oku

17.943

current_borrowings_oku

1.649

non_current_borrowings_oku

113.257

gross_borrowings_oku

114.906

regulatory_net_debt_oku

99.43

ifrs_net_debt_reported_oku

96.58

adjusted_rcv_oku

165.27

capital_investment_regulatory_oku

15.251

ppe_cash_purchases_oku

14.921

reported_cfo_oku

13.819

equity_settled_sbc_charge_oku

0.045

employee_share_purchases_for_options_oku

0.058

paid_dividends_oku

3.576

dividends_per_share_pence

53.66

interim_paid_pence

17.88

final_paid_pence

35.78

historical_revenue_by_service_oku

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wholesale_clean_water: 10.739
wholesale_wastewater: 13.626
household_retail: 1.36
other: 0.438

FY2026_equity_changes_oku

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opening_2025_03_31: 19.999
attributable_pat_after_sbc: 5.868
other_comprehensive_income: 0.132
dividends_paid: -3.576
sbc_equity_settled_credit: 0.045
shares_bought_for_options_market: -0.058
share_forfeiture_receipts: 0.004
ending_2026_03_31: 22.414
check_residual: 0

reported_2026_March_balance_sheet

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ifrs_book_equity_oku: 22.414
noncontrolling_interest_oku: 0
gross_borrowings_oku: 114.906
cash_and_equivalents_oku: 17.943
simple_gross_borrowings_minus_cash_oku: 96.963
reported_IFRS_net_debt_oku: 96.58
management_rcv_gearing_debt_oku: 99.43
adjusted_rcv_oku: 165.27
regulatory_gearing: 0.601621589
reported_income_statement_tax_oku: 1.922
loan_and_hedge_fair_value_reconciliation_not_fully_traceable: はい
warning: IFRS net debt, debt less cash, and regulatory net debt follow different definitions. No automatic substitution.

ordinary_and_deferred_share_structure

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ordinary_as_of_2026_05_05: 742864028
deferred_share_class_count: 273956180
deferred_share_class_not_valued_as_ordinary: はい
shares_in_employee_trust_at_2026_11_06: 未確認
company_treasury_as_of_2026_05_05: 0

dividend_history_and_cutoff

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period: FY2025/26 interim
per_share_pence: 17.88
ex_date: 2025-12-18
payment_date: 2026-02-02
after_valuation_cutoff: いいえ
included_forecast_CF: いいえ

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period: FY2025/26 final
per_share_pence: 35.78
ex_date: 2026-06-25
payment_date: 2026-08-03
after_valuation_cutoff: いいえ
included_forecast_CF: いいえ

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period: FY2026/27 interim
per_share_pence: 未確認
ex_date: 未確認
scheduled_ex_date: 2026-12-17
scheduled_payment_date: 2027-02-01
after_valuation_cutoff: はい
included_forecast_CF: amount estimated in all five cases

buyback_policy_and_sbc

No ordinary corporate share repurchase forecast. Employee benefit trust historically buys issued shares on market to satisfy equity awards. Share purchase is company cash outflow and transfer can dilute original holders without company share cancellation. IFRS2 expense remains in profit and noncash equity credit reverses expense in statement of changes in equity.

2026_11_06_opening_proxy_bridge

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period

2026-04-01 to 2026-11-06

days

220

状態

推計・代理値。2026年9月末中間決算は11月12日発表予定のため2026-11-06時点で利用不可

from_2026_03_31

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親会社持分（億）: 22.414
regulatory_net_debt_oku: 99.43
adjusted_rcv_oku: 165.27
ordinary_shares: 681888418

verified_event_2026_05_05

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new_ordinary_shares: 60975610
price_gbp: 13.12
gross_proceeds_oku: 8
net_proceeds_oku: 7.88
post_issue_ordinary_shares: 742864028
company_treasury_shares: 0
last_verified_count_date: 2026-07-17

verified_final_dividend_paid_2026_08_03

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cash_outflow_oku: 2.657967492
per_share_gbp: 0.3578
ex_date: 2026-06-25
from_march_equity_dividend_liability: 2026-03-31未認識。会社決算注記9に従い承認後に控除

assumed_profit_before_september_court_fine_oku

3.495890411

recognized_september_2026_court_fine_assumed_paid_oku

0.00964225

assumed_profit_after_court_fine_oku

3.486248161

court_fine_cash_settlement_unverified

はい

assumed_equity_sbc_credit_oku

0.027123288

assumed_employee_share_market_purchases_oku

0.034958904

assumed_OCI_oku

assumed_capex_cash_oku

12.054794521

assumed_depreciation_oku

3.315068493

assumed_indexation_oku

0.560547945

assumed_deferred_tax_noncash_oku

0.693150685

assumed_working_capital_cash_deduction_oku

0.120547945

assumed_cfo_oku

7.971232877

estimated_as_of_parent_equity_oku

31.114445052

estimated_as_of_regulatory_style_net_debt_oku

98.896678235

estimated_as_of_adjusted_rcv_oku

173.242046575

estimated_as_of_issued_ordinary_shares

742864028

estimated_as_of_treasury_shares

employee_trust_ordinary_shares_as_of

未確認

old_cohort_model_initial_shares

742864028

audit_equity_residual_oku

audit_debt_residual_oku

warning

FY2027途中の実績ではない。投資CFと資本の整合はモデル仮定内に限る。2026-09-08確定罰金の支払日は不明のため基準日までに現金決済したと仮定。社員信託の正確な基準日保有株数は未確認。

model_principal_indexation_vs_cash_interest

Each modeled period accounts IFRS finance expense as cash interest + noncash inflation-linked principal indexation, adds noncash finance to CFO, and separately increases debt principal. Forecast nominalized cash cost not directly pegged to Ofwat CPIH-real allowance.

future_primary_issuance_policy

If regulatory-style debt/RCV ratio exceeds 65%, hypothetical outside funding moves to 62-63% target as set by scenario, issued on November 1 of each anniversary year. Proceeds recognized in company equity and lower net debt, shares issued to non-cohort investors; zero cash payment by old cohort.

評価の前提と確認

quoted_P_E_not_used

はい

quoted_P_B_not_used

はい

RCV_minus_debt_not_equated_to_equity_share_value

はい

terminal_method

Discount future share-cohort dividends and proportional employee-trust tender proceeds; whole-company terminal FCFE derived from post-SBC sustainable PAT, retention for economic growth, uncovered maintenance capex, k and g; multiply by original cohort surviving shares / future ordinary issued; discount terminal at exact anniversary day count.

terminal_valuation_equations

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1: PAT_t = gross_regulatory_revenue - ODI - cash_opex - IRE - depreciation - SBC - environmental_fines - (cash_interest+noncash_indexation) - JVloss - IFRS_tax
2: FCFE_sustainable = max(0, PAT_normalized*(1 - g/normalized_economic_equity_ROE) - max(0, maintenance_capex - depreciation - maintenance_funding_recovery))
3: V_whole_2036_11_06 = FCFE_sustainable*(1+g)/(k-g)
4: V_old_2036_11_06 = V_whole_2036_11_06 * (remaining_original_cohort_shares / issued_ordinary_shares)
5: PV_old = sum(event.amount/(1+k)^((date-2026-11-06)/365.25)) + V_old/(1+k)^((2036-11-06 - 2026-11-06)/365.25)
6: IRR = root PV_old(IRR) - initial_cohort_purchase_cost_oku = 0

no_cash_added_for_non_cash_sbc

はい

historical_aug_2026_final_not_in_future_receipts

はい

all_5_scenarios_use_same_nominal_k

0.085

valuation_horizon_days

3653

year_count

actual days / 365.25; 2036-11-06 corresponds to 3653/365.25 years, not 10 exactly under convention

reinvestment_and_maintenance_policy

Terminal profit is AFTER routine operating costs, depreciation, SBC and financing. Deduct additional maintenance cash capex not supported by depreciation or explicit maintenance recovery separately; retain equity for terminal growth to avoid assuming growth without funds.

price_sensitivity_base_case

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資本コスト: 7.50%
g: 0.02
old_holder_PV_oku: 102.356585657
per_initial_share_gbp: 13.778643439

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資本コスト: 7.50%
g: 0.025
old_holder_PV_oku: 106.532515484
per_initial_share_gbp: 14.340782629

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資本コスト: 7.50%
g: 0.03
old_holder_PV_oku: 111.602777665
per_initial_share_gbp: 15.023311597

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資本コスト: 8.50%
g: 0.02
old_holder_PV_oku: 85.149822611
per_initial_share_gbp: 11.462369882

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資本コスト: 8.50%
g: 0.025
old_holder_PV_oku: 87.514681672
per_initial_share_gbp: 11.780713344

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資本コスト: 8.50%
g: 0.03
old_holder_PV_oku: 90.284416874
per_initial_share_gbp: 12.153558857

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資本コスト: 9.50%
g: 0.02
old_holder_PV_oku: 72.680717698
per_initial_share_gbp: 9.783852086

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資本コスト: 9.50%
g: 0.025
old_holder_PV_oku: 74.067074135
per_initial_share_gbp: 9.970475261

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資本コスト: 9.50%
g: 0.03
old_holder_PV_oku: 75.647341111
per_initial_share_gbp: 10.183201536

limitations

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1: annual trust share movements not disclosed as of 2026-11-06
2: severe scenario could trigger dividends restrictions not contractually modeled
3: no access to full audited FY26 annual report pages for reconciliation beyond preliminary report
4: 10-year regulatory and capital expenditures highly forecast-dependent
5: not a guarantee of Ofwat reopeners or permitted shareholder distributions

資本コストの前提

資本コスト: 8.50%
basis: nominal GBP shareholder equity hurdle, fixed across five scenarios; Ofwat CPIH-real WACC 4.03% is a regulated asset allowance, not equity discount rate
k_policy: Based on 5.1% CPIH-real regulatory allowed CoE compounded with 3.0% CPIH => 8.253%, plus approximate 0.25pp company funding / environment / governance buffer rounded to 8.5%. Neither a quoted market PER nor implied PBR.
allowed_regulated_cost_of_equity_CPIH_real: 0.051
regulated_appointee_allowed_WACC_CPIH_real: 0.0403
notional_gearing_ofwat: 0.55
inflation_for_k_bridge: 0.03
cpi_nominalized_roe_reference: 0.08253
additional_company_specific_risk_premium: 0.00247

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億GBP。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ	確率	株主還元・追加負担	終価
非常に強気	10.0%	49.85	331.05
強気	20.0%	48.94	223.68
標準	40.0%	47.81	125.83
弱気	20.0%	24.12	0.00
深刻な下方	10.0%	2.27	0.00

非常に強気（確率 10.0%）

追加投資が効率的に規制収益化され、損失・ODIが小さい。

確率の根拠

将来の規制・設備投資・資金調達を考慮した分析上の仮定。

事業別の前提

内容を開く

id: regulated_water
数量: 1
価格・単価: 57.729926262
売上換算係数: 1
売上高: 57.729926262
営業利益: 33.94837126
注記: 連結事業。年次モデルの最終1年値。

日付別キャッシュフロー

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year: 0.11225188227242
想定日: 2026-12-17
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 0.238193018
想定日: 2027-02-01
金額: 1.375288937

year: 0.479123888
想定日: 2027-04-30
金額: 0.058

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year: 0.63244353182752
想定日: 2027-06-25
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 0.739219713
想定日: 2027-08-03
金額: 2.749258633

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year: 1.1115674195756
想定日: 2027-12-17
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 1.237508556
想定日: 2028-02-01
金額: 1.42823986

year: 1.475701574
想定日: 2028-04-28
金額: 0.059711347

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year: 1.6290212183436
想定日: 2028-06-23
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 1.741273101
想定日: 2028-08-03
金額: 2.855142151

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year: 2.1081451060917
想定日: 2028-12-15
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 2.239561944
想定日: 2029-02-01
金額: 1.483246347

year: 2.480492813
想定日: 2029-04-30
金額: 0.061473889

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year: 2.6338124572211
想定日: 2029-06-25
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 2.740588638
想定日: 2029-08-03
金額: 2.965136528

内容を開く

year: 3.1129363449692
想定日: 2029-12-17
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 3.238877481
想定日: 2030-02-01
金額: 1.540388426

year: 3.47980835
想定日: 2030-04-30
金額: 0.063289159

内容を開く

year: 3.6331279945243
想定日: 2030-06-25
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 3.745379877
想定日: 2030-08-05
金額: 3.079401814

内容を開く

year: 4.1122518822724
想定日: 2030-12-17
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 4.24366872
想定日: 2031-02-03
金額: 1.599749242

year: 4.479123888
想定日: 2031-04-30
金額: 0.065158738

内容を開く

year: 4.6324435318275
想定日: 2031-06-25
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 4.741957563
想定日: 2031-08-04
金額: 3.198104297

内容を開く

year: 5.1115674195756
想定日: 2031-12-17
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 5.240246407
想定日: 2032-02-02
金額: 1.661415182

year: 5.481177276
想定日: 2032-04-30
金額: 0.067084256

内容を開く

year: 5.6344969199179
想定日: 2032-06-25
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 5.741273101
想定日: 2032-08-03
金額: 3.321416746

内容を開く

year: 6.113620807666
想定日: 2032-12-17
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 6.239561944
想定日: 2033-02-01
金額: 1.725476

year: 6.477754962
想定日: 2033-04-29
金額: 0.069067388

内容を開く

year: 6.6310746064339
想定日: 2033-06-24
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 6.740588638
想定日: 2033-08-03
金額: 3.449518664

内容を開く

year: 7.1101984941821
想定日: 2033-12-16
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 7.238877481
想定日: 2034-02-01
金額: 1.792024946

year: 7.474332649
想定日: 2034-04-28
金額: 0.071109862

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year: 7.62765229295
想定日: 2034-06-23
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 7.739904175
想定日: 2034-08-03
金額: 3.58259655

内容を開く

year: 8.1067761806982
想定日: 2034-12-15
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 8.238193018
想定日: 2035-02-01
金額: 1.861158908

year: 8.479123888
想定日: 2035-04-30
金額: 0.073213457

内容を開く

year: 8.6324435318275
想定日: 2035-06-25
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 8.739219713
想定日: 2035-08-03
金額: 3.720844174

内容を開く

year: 9.1115674195756
想定日: 2035-12-17
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 9.237508556
想定日: 2036-02-01
金額: 1.932978549

year: 9.481177276
想定日: 2036-04-30
金額: 0.075380007

内容を開く

year: 9.6344969199179
想定日: 2036-06-25
金額: 0
種類: forecast_review_gate
注記: 予測権利落ち日または希薄化イベント。実施と金額を確認し再分析する。

year: 9.744010951
想定日: 2036-08-04
金額: 3.864462858

その他の数値・前提

thesis

追加投資が効率的に規制収益化され、損失・ODIが小さい。

forecast_assumptions

内容を開く

状態: model_assumptions_not_company_guidance
initial_gross_revenue_oku: 29.65
revenue_growth_early: 0.103
revenue_growth_late: 0.064
operating_cost_first_year_oku: 10.36
operating_cost_growth_early: 0.034
operating_cost_growth_late: 0.028
inflation_assumption_CPIH: 0.026
cash_financing_rate_on_opening_net_debt: 0.024
index_linked_share_of_debt_proxy_at_start: 0.46
index_linked_share_of_debt_target_from_anniversary_5: 0.33
capex_multiplier_vs_common_schedule: 0.99
rcv_eligible_capex_fraction: 0.71
annual_rcv_runoff_assumed: 0.025
regulatory_max_gearing_trigger: 0.65
post_issue_target_gearing: 0.63
environmental_fine_first_year_oku: 0
revenue_odi_penalty_first_year_oku: 0
first_anniversary_year_dps_target_gbp: 0.5554
later_dividend_target_growth: 0.039
dividend_cap_as_multiple_of_same_period_positive_profit: 1.45
future_employee_trust_share_purchase_market_price_growth_assumed: 0.055
model_employee_trust_purchase_and_delivery_same_period: はい
corporate_share_buybacks_assumed: 0
book_OCI_assumed: 0

annual_ledger

内容を開く

anniversary_year

period_start

2026-11-06

期間末

2027-11-06

period_days

365

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 29.65
negative_odi_revenue_adjustment: -0
revenue: 29.65
cash_operating_cost_excluding_sbc_and_ire: 10.36
infrastructure_renewal_expense: 0.39
sbc_expense_included_in_pat: 0.05
depreciation_and_amortization: 5.65
environmental_legal_compliance_fines_expense: 0
operating_profit: 13.2
cash_finance_interest_expense: 2.373520278
assumed_index_linked_fraction_of_debt: 0.434
noncash_indexation_finance_expense: 1.115950117
total_finance_expense: 3.489470395
share_of_jv_loss: 0.045
profit_before_tax: 9.665529605
income_tax_expense: 2.416382401
parent_attributable_ifrs_profit_after_sbc: 7.249147204
noncontrolling_profit: 0
total_profit_after_tax: 7.249147204

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 173.242046575
cpi_indexation_net_of_regulatory_runoff: 0.173242047
cash_capex: 21.78
maintenance_replacement_capex_assumed: 11.1078
growth_and_compliance_capex_assumed: 10.6722
qualified_rcv_capex_addition_proxy: 15.4638
rcv_end_adjusted: 188.879088622
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 15.478237354
noncash_financing_indexation_in_CFO_reconciliation: 1.115950117
deferred_tax_non_cash_added_back: 1.643140033
working_capital_cash_deduction: 0.23
regulatory_style_net_debt_begin: 98.896678235
cash_capex: 21.78
dividends_paid_company_wide: 4.125866812
employee_trust_market_purchase_cash: 0.058
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.115950117
regulatory_style_net_debt_end: 110.49825781
gearing_end_net_debt_over_adjusted_rcv: 0.58502113

ordinary_parent_equity_oku

内容を開く

begin: 31.114445052
parent_profit_after_sbc: 7.249147204
ifrs2_non_cash_sbc_equity_credit: 0.05
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 4.125866812
employee_trust_purchase_equity_reduction: 0.058
assumed_other_comprehensive_income: 0
end: 34.229725445

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 356294.90160425
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 742864028
old_cohort_sold_to_employee_trust: 356294.90160425
old_cohort_owned_end: 742507733.0984
old_cohort_fraction_begin: 1
old_cohort_fraction_end: 0.999520377
employee_market_purchase_unit_price_gbp: 16.27865
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.375288937
final_dividend: 2.749258633
pro_rata_tender_to_employee_trust: 0.058
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 4.18254757

company_cash_returns_oku

内容を開く

interim_dividend: 1.375288937
final_dividend: 2.750577874
target_dps_gbp_before_profit_restriction: 0.5554
actual_scenario_dps_gbp_after_profit_restriction: 0.5554
employee_trust_market_purchases_not_corporate_buybacks: 0.058
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2027-11-06

期間末

2028-11-06

period_days

366

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 32.70395
negative_odi_revenue_adjustment: -0
revenue: 32.70395
cash_operating_cost_excluding_sbc_and_ire: 10.71224
infrastructure_renewal_expense: 0.3978
sbc_expense_included_in_pat: 0.0515
depreciation_and_amortization: 6.07375
environmental_legal_compliance_fines_expense: 0
operating_profit: 15.46866
cash_finance_interest_expense: 2.651958187
assumed_index_linked_fraction_of_debt: 0.408
noncash_indexation_finance_expense: 1.172165519
total_finance_expense: 3.824123706
share_of_jv_loss: 0.045
profit_before_tax: 11.599536294
income_tax_expense: 2.899884073
parent_attributable_ifrs_profit_after_sbc: 8.69965222
noncontrolling_profit: 0
total_profit_after_tax: 8.69965222

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 188.879088622
cpi_indexation_net_of_regulatory_runoff: 0.188879089
cash_capex: 25.74
maintenance_replacement_capex_assumed: 13.1274
growth_and_compliance_capex_assumed: 12.6126
qualified_rcv_capex_addition_proxy: 18.2754
rcv_end_adjusted: 207.343367711
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 17.732088909
noncash_financing_indexation_in_CFO_reconciliation: 1.172165519
deferred_tax_non_cash_added_back: 1.97192117
working_capital_cash_deduction: 0.2369
regulatory_style_net_debt_begin: 110.49825781
cash_capex: 25.74
dividends_paid_company_wide: 4.286775617
employee_trust_market_purchase_cash: 0.05974
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.172165519
regulatory_style_net_debt_end: 124.024850037
gearing_end_net_debt_over_adjusted_rcv: 0.598161646

ordinary_parent_equity_oku

内容を開く

begin: 34.229725445
parent_profit_after_sbc: 8.69965222
ifrs2_non_cash_sbc_equity_credit: 0.0515
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 4.286775617
employee_trust_purchase_equity_reduction: 0.05974
assumed_other_comprehensive_income: 0
end: 38.634362048

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 347851.89445723
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 742507733.0984
old_cohort_sold_to_employee_trust: 347685.05658134
old_cohort_owned_end: 742160048.04181
old_cohort_fraction_begin: 0.999520377
old_cohort_fraction_end: 0.999052343
employee_market_purchase_unit_price_gbp: 17.17397575
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.42823986
final_dividend: 2.855142151
pro_rata_tender_to_employee_trust: 0.059711347
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 4.343093358

company_cash_returns_oku

内容を開く

interim_dividend: 1.428925206
final_dividend: 2.857850411
target_dps_gbp_before_profit_restriction: 0.5770606
actual_scenario_dps_gbp_after_profit_restriction: 0.5770606
employee_trust_market_purchases_not_corporate_buybacks: 0.05974
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2028-11-06

期間末

2029-11-06

period_days

365

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 36.07245685
negative_odi_revenue_adjustment: -0
revenue: 36.07245685
cash_operating_cost_excluding_sbc_and_ire: 11.07645616
infrastructure_renewal_expense: 0.405756
sbc_expense_included_in_pat: 0.053045
depreciation_and_amortization: 6.52928125
environmental_legal_compliance_fines_expense: 0
operating_profit: 18.00791844
cash_finance_interest_expense: 2.976596401
assumed_index_linked_fraction_of_debt: 0.382
noncash_indexation_finance_expense: 1.231814811
total_finance_expense: 4.208411211
share_of_jv_loss: 0.045
profit_before_tax: 13.754507229
income_tax_expense: 3.438626807
parent_attributable_ifrs_profit_after_sbc: 10.315880421
noncontrolling_profit: 0
total_profit_after_tax: 10.315880421

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 207.343367711
cpi_indexation_net_of_regulatory_runoff: 0.207343368
cash_capex: 25.74
maintenance_replacement_capex_assumed: 13.1274
growth_and_compliance_capex_assumed: 12.6126
qualified_rcv_capex_addition_proxy: 18.2754
rcv_end_adjusted: 225.826111078
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 20.224280711
noncash_financing_indexation_in_CFO_reconciliation: 1.231814811
deferred_tax_non_cash_added_back: 2.338266229
working_capital_cash_deduction: 0.244007
regulatory_style_net_debt_begin: 124.024850037
cash_capex: 25.74
dividends_paid_company_wide: 4.453959866
employee_trust_market_purchase_cash: 0.0615322
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.231814811
regulatory_style_net_debt_end: 135.287876203
gearing_end_net_debt_over_adjusted_rcv: 0.599079865

ordinary_parent_equity_oku

内容を開く

begin: 38.634362048
parent_profit_after_sbc: 10.315880421
ifrs2_non_cash_sbc_equity_credit: 0.053045
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 4.453959866
employee_trust_purchase_equity_reduction: 0.0615322
assumed_other_comprehensive_income: 0
end: 44.487795403

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 339608.95856962
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 742160048.04181
old_cohort_sold_to_employee_trust: 339287.12591728
old_cohort_owned_end: 741820760.9159
old_cohort_fraction_begin: 0.999052343
old_cohort_fraction_end: 0.998595615
employee_market_purchase_unit_price_gbp: 18.118544416
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.483246347
final_dividend: 2.965136528
pro_rata_tender_to_employee_trust: 0.061473889
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 4.509856764

company_cash_returns_oku

内容を開く

interim_dividend: 1.484653289
final_dividend: 2.969306577
target_dps_gbp_before_profit_restriction: 0.599565963
actual_scenario_dps_gbp_after_profit_restriction: 0.599565963
employee_trust_market_purchases_not_corporate_buybacks: 0.0615322
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2029-11-06

期間末

2030-11-06

period_days

365

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 39.787919906
negative_odi_revenue_adjustment: -0
revenue: 39.787919906
cash_operating_cost_excluding_sbc_and_ire: 11.453055669
infrastructure_renewal_expense: 0.41387112
sbc_expense_included_in_pat: 0.05463635
depreciation_and_amortization: 7.018977344
environmental_legal_compliance_fines_expense: 0
operating_profit: 20.847379422
cash_finance_interest_expense: 3.246909029
assumed_index_linked_fraction_of_debt: 0.356
noncash_indexation_finance_expense: 1.252224582
total_finance_expense: 4.499133611
share_of_jv_loss: 0.02
profit_before_tax: 16.328245811
income_tax_expense: 4.082061453
parent_attributable_ifrs_profit_after_sbc: 12.246184359
noncontrolling_profit: 0
total_profit_after_tax: 12.246184359

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 225.826111078
cpi_indexation_net_of_regulatory_runoff: 0.225826111
cash_capex: 22.77
maintenance_replacement_capex_assumed: 11.6127
growth_and_compliance_capex_assumed: 11.1573
qualified_rcv_capex_addition_proxy: 16.1667
rcv_end_adjusted: 242.218637189
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 23.096497212
noncash_financing_indexation_in_CFO_reconciliation: 1.252224582
deferred_tax_non_cash_added_back: 2.775801788
working_capital_cash_deduction: 0.25132721
regulatory_style_net_debt_begin: 135.287876203
cash_capex: 22.77
dividends_paid_company_wide: 4.627664301
employee_trust_market_purchase_cash: 0.063378166
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.252224582
regulatory_style_net_debt_end: 140.90464604
gearing_end_net_debt_over_adjusted_rcv: 0.581725038

ordinary_parent_equity_oku

内容を開く

begin: 44.487795403
parent_profit_after_sbc: 12.246184359
ifrs2_non_cash_sbc_equity_credit: 0.05463635
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 4.627664301
employee_trust_purchase_equity_reduction: 0.063378166
assumed_other_comprehensive_income: 0
end: 52.097573644

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 331561.35291631
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 741820760.9159
old_cohort_sold_to_employee_trust: 331095.71313188
old_cohort_owned_end: 741489665.20277
old_cohort_fraction_begin: 0.998595615
old_cohort_fraction_end: 0.998149913
employee_market_purchase_unit_price_gbp: 19.115064359
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.540388426
final_dividend: 3.079401814
pro_rata_tender_to_employee_trust: 0.063289159
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 4.683079399

company_cash_returns_oku

内容を開く

interim_dividend: 1.542554767
final_dividend: 3.085109534
target_dps_gbp_before_profit_restriction: 0.622949036
actual_scenario_dps_gbp_after_profit_restriction: 0.622949036
employee_trust_market_purchases_not_corporate_buybacks: 0.063378166
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: -0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2030-11-06

期間末

2031-11-06

period_days

365

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 42.33434678
negative_odi_revenue_adjustment: -0
revenue: 42.33434678
cash_operating_cost_excluding_sbc_and_ire: 11.773741228
infrastructure_renewal_expense: 0.422148542
sbc_expense_included_in_pat: 0.056275441
depreciation_and_amortization: 7.412040075
environmental_legal_compliance_fines_expense: 0
operating_profit: 22.670141493
cash_finance_interest_expense: 3.381711505
assumed_index_linked_fraction_of_debt: 0.33
noncash_indexation_finance_expense: 1.208961863
total_finance_expense: 4.590673368
share_of_jv_loss: 0.02
profit_before_tax: 18.059468125
income_tax_expense: 4.514867031
parent_attributable_ifrs_profit_after_sbc: 13.544601094
noncontrolling_profit: 0
total_profit_after_tax: 13.544601094

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 242.218637189
cpi_indexation_net_of_regulatory_runoff: 0.242218637
cash_capex: 19.8
maintenance_replacement_capex_assumed: 10.098
growth_and_compliance_capex_assumed: 9.702
qualified_rcv_capex_addition_proxy: 14.058
rcv_end_adjusted: 256.518855827
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 24.130147621
noncash_financing_indexation_in_CFO_reconciliation: 1.208961863
deferred_tax_non_cash_added_back: 2.167136175
working_capital_cash_deduction: 0.258867026
regulatory_style_net_debt_begin: 140.90464604
cash_capex: 19.8
dividends_paid_company_wide: 4.808143209
employee_trust_market_purchase_cash: 0.065279511
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.208961863
regulatory_style_net_debt_end: 142.656883001
gearing_end_net_debt_over_adjusted_rcv: 0.556126303

ordinary_parent_equity_oku

内容を開く

begin: 52.097573644
parent_profit_after_sbc: 13.544601094
ifrs2_non_cash_sbc_equity_credit: 0.056275441
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 4.808143209
employee_trust_purchase_equity_reduction: 0.065279511
assumed_other_comprehensive_income: 0
end: 60.825027459

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 323704.44881876
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 741489665.20277
old_cohort_sold_to_employee_trust: 323105.5675498
old_cohort_owned_end: 741166559.63522
old_cohort_fraction_begin: 0.998149913
old_cohort_fraction_end: 0.997714968
employee_market_purchase_unit_price_gbp: 20.166392899
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.599749242
final_dividend: 3.198104297
pro_rata_tender_to_employee_trust: 0.065158738
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 4.863012278

company_cash_returns_oku

内容を開く

interim_dividend: 1.602714403
final_dividend: 3.205428806
target_dps_gbp_before_profit_restriction: 0.647244048
actual_scenario_dps_gbp_after_profit_restriction: 0.647244048
employee_trust_market_purchases_not_corporate_buybacks: 0.065279511
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2031-11-06

期間末

2032-11-06

period_days

366

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 45.043744973
negative_odi_revenue_adjustment: -0
revenue: 45.043744973
cash_operating_cost_excluding_sbc_and_ire: 12.103405983
infrastructure_renewal_expense: 0.430591513
sbc_expense_included_in_pat: 0.057963704
depreciation_and_amortization: 7.827114319
environmental_legal_compliance_fines_expense: 0
operating_profit: 24.624669455
cash_finance_interest_expense: 3.423765192
assumed_index_linked_fraction_of_debt: 0.33
noncash_indexation_finance_expense: 1.223996056
total_finance_expense: 4.647761248
share_of_jv_loss: 0.02
profit_before_tax: 19.956908206
income_tax_expense: 4.989227052
parent_attributable_ifrs_profit_after_sbc: 14.967681155
noncontrolling_profit: 0
total_profit_after_tax: 14.967681155

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 256.518855827
cpi_indexation_net_of_regulatory_runoff: 0.256518856
cash_capex: 19.8
maintenance_replacement_capex_assumed: 10.098
growth_and_compliance_capex_assumed: 9.702
qualified_rcv_capex_addition_proxy: 14.058
rcv_end_adjusted: 270.833374682
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 26.204951182
noncash_financing_indexation_in_CFO_reconciliation: 1.223996056
deferred_tax_non_cash_added_back: 2.394828985
working_capital_cash_deduction: 0.266633037
regulatory_style_net_debt_begin: 142.656883001
cash_capex: 19.8
dividends_paid_company_wide: 4.995660794
employee_trust_market_purchase_cash: 0.067237896
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.223996056
regulatory_style_net_debt_end: 142.538826566
gearing_end_net_debt_over_adjusted_rcv: 0.526297125

ordinary_parent_equity_oku

内容を開く

begin: 60.825027459
parent_profit_after_sbc: 14.967681155
ifrs2_non_cash_sbc_equity_credit: 0.057963704
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 4.995660794
employee_trust_purchase_equity_reduction: 0.067237896
assumed_other_comprehensive_income: 0
end: 70.787773628

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 316033.72728278
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 741166559.63522
old_cohort_sold_to_employee_trust: 315311.57997984
old_cohort_owned_end: 740851248.05524
old_cohort_fraction_begin: 0.997714968
old_cohort_fraction_end: 0.997290514
employee_market_purchase_unit_price_gbp: 21.275544508
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.661415182
final_dividend: 3.321416746
pro_rata_tender_to_employee_trust: 0.067084256
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 5.049916184

company_cash_returns_oku

内容を開く

interim_dividend: 1.665220265
final_dividend: 3.330440529
target_dps_gbp_before_profit_restriction: 0.672486566
actual_scenario_dps_gbp_after_profit_restriction: 0.672486566
employee_trust_market_purchases_not_corporate_buybacks: 0.067237896
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2032-11-06

期間末

2033-11-06

period_days

365

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 47.926544652
negative_odi_revenue_adjustment: -0
revenue: 47.926544652
cash_operating_cost_excluding_sbc_and_ire: 12.44230135
infrastructure_renewal_expense: 0.439203344
sbc_expense_included_in_pat: 0.059702615
depreciation_and_amortization: 8.265432721
environmental_legal_compliance_fines_expense: 0
operating_profit: 26.719904622
cash_finance_interest_expense: 3.420931838
assumed_index_linked_fraction_of_debt: 0.33
noncash_indexation_finance_expense: 1.222983132
total_finance_expense: 4.64391497
share_of_jv_loss: 0.02
profit_before_tax: 22.055989653
income_tax_expense: 5.513997413
parent_attributable_ifrs_profit_after_sbc: 16.54199224
noncontrolling_profit: 0
total_profit_after_tax: 16.54199224

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 270.833374682
cpi_indexation_net_of_regulatory_runoff: 0.270833375
cash_capex: 20.295
maintenance_replacement_capex_assumed: 10.35045
growth_and_compliance_capex_assumed: 9.94455
qualified_rcv_capex_addition_proxy: 14.40945
rcv_end_adjusted: 285.513658057
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 28.462197437
noncash_financing_indexation_in_CFO_reconciliation: 1.222983132
deferred_tax_non_cash_added_back: 2.646718758
working_capital_cash_deduction: 0.274632028
regulatory_style_net_debt_begin: 142.538826566
cash_capex: 20.295
dividends_paid_company_wide: 5.190491565
employee_trust_market_purchase_cash: 0.069255033
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.222983132
regulatory_style_net_debt_end: 140.854358859
gearing_end_net_debt_over_adjusted_rcv: 0.493336675

ordinary_parent_equity_oku

内容を開く

begin: 70.787773628
parent_profit_after_sbc: 16.54199224
ifrs2_non_cash_sbc_equity_credit: 0.059702615
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 5.190491565
employee_trust_purchase_equity_reduction: 0.069255033
assumed_other_comprehensive_income: 0
end: 82.129721884

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 308544.7763993
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 740851248.05524
old_cohort_sold_to_employee_trust: 307708.77853887
old_cohort_owned_end: 740543539.2767
old_cohort_fraction_begin: 0.997290514
old_cohort_fraction_end: 0.996876294
employee_market_purchase_unit_price_gbp: 22.445699456
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.725476
final_dividend: 3.449518664
pro_rata_tender_to_employee_trust: 0.069067388
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 5.244062051

company_cash_returns_oku

内容を開く

interim_dividend: 1.730163855
final_dividend: 3.46032771
target_dps_gbp_before_profit_restriction: 0.698713542
actual_scenario_dps_gbp_after_profit_restriction: 0.698713542
employee_trust_market_purchases_not_corporate_buybacks: 0.069255033
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2033-11-06

期間末

2034-11-06

period_days

365

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 50.993843509
negative_odi_revenue_adjustment: -0
revenue: 50.993843509
cash_operating_cost_excluding_sbc_and_ire: 12.790685788
infrastructure_renewal_expense: 0.44798741
sbc_expense_included_in_pat: 0.061493693
depreciation_and_amortization: 8.728296953
environmental_legal_compliance_fines_expense: 0
operating_profit: 28.965379664
cash_finance_interest_expense: 3.380504613
assumed_index_linked_fraction_of_debt: 0.33
noncash_indexation_finance_expense: 1.208530399
total_finance_expense: 4.589035012
share_of_jv_loss: 0.02
profit_before_tax: 24.356344653
income_tax_expense: 6.089086163
parent_attributable_ifrs_profit_after_sbc: 18.26725849
noncontrolling_profit: 0
total_profit_after_tax: 18.26725849

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 285.513658057
cpi_indexation_net_of_regulatory_runoff: 0.285513658
cash_capex: 20.79
maintenance_replacement_capex_assumed: 10.6029
growth_and_compliance_capex_assumed: 10.1871
qualified_rcv_capex_addition_proxy: 14.7609
rcv_end_adjusted: 300.560071715
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 30.905469905
noncash_financing_indexation_in_CFO_reconciliation: 1.208530399
deferred_tax_non_cash_added_back: 2.922761358
working_capital_cash_deduction: 0.282870989
regulatory_style_net_debt_begin: 140.854358859
cash_capex: 20.79
dividends_paid_company_wide: 5.392920736
employee_trust_market_purchase_cash: 0.071332684
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.208530399
regulatory_style_net_debt_end: 137.411672773
gearing_end_net_debt_over_adjusted_rcv: 0.457185387

ordinary_parent_equity_oku

内容を開く

begin: 82.129721884
parent_profit_after_sbc: 18.26725849
ifrs2_non_cash_sbc_equity_credit: 0.061493693
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 5.392920736
employee_trust_purchase_equity_reduction: 0.071332684
assumed_other_comprehensive_income: 0
end: 94.994220647

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 301233.2888069
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 740543539.2767
old_cohort_sold_to_employee_trust: 300292.32461505
old_cohort_owned_end: 740243246.95208
old_cohort_fraction_begin: 0.996876294
old_cohort_fraction_end: 0.996472058
employee_market_purchase_unit_price_gbp: 23.680212926
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.792024946
final_dividend: 3.58259655
pro_rata_tender_to_employee_trust: 0.071109862
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 5.445731358

company_cash_returns_oku

内容を開く

interim_dividend: 1.797640245
final_dividend: 3.595280491
target_dps_gbp_before_profit_restriction: 0.72596337
actual_scenario_dps_gbp_after_profit_restriction: 0.72596337
employee_trust_market_purchases_not_corporate_buybacks: 0.071332684
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: -0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2034-11-06

期間末

2035-11-06

period_days

365

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 54.257449494
negative_odi_revenue_adjustment: -0
revenue: 54.257449494
cash_operating_cost_excluding_sbc_and_ire: 13.14882499
infrastructure_renewal_expense: 0.456947159
sbc_expense_included_in_pat: 0.063338504
depreciation_and_amortization: 9.217081583
environmental_legal_compliance_fines_expense: 0
operating_profit: 31.371257259
cash_finance_interest_expense: 3.297880147
assumed_index_linked_fraction_of_debt: 0.33
noncash_indexation_finance_expense: 1.178992152
total_finance_expense: 4.476872299
share_of_jv_loss: 0.02
profit_before_tax: 26.87438496
income_tax_expense: 6.71859624
parent_attributable_ifrs_profit_after_sbc: 20.15578872
noncontrolling_profit: 0
total_profit_after_tax: 20.15578872

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 300.560071715
cpi_indexation_net_of_regulatory_runoff: 0.300560072
cash_capex: 21.285
maintenance_replacement_capex_assumed: 10.85535
growth_and_compliance_capex_assumed: 10.42965
qualified_rcv_capex_addition_proxy: 15.11235
rcv_end_adjusted: 315.972981787
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 33.548770035
noncash_financing_indexation_in_CFO_reconciliation: 1.178992152
deferred_tax_non_cash_added_back: 3.224926195
working_capital_cash_deduction: 0.291357119
regulatory_style_net_debt_begin: 137.411672773
cash_capex: 21.285
dividends_paid_company_wide: 5.603244645
employee_trust_market_purchase_cash: 0.073472665
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.178992152
regulatory_style_net_debt_end: 132.003612199
gearing_end_net_debt_over_adjusted_rcv: 0.41776867

ordinary_parent_equity_oku

内容を開く

begin: 94.994220647
parent_profit_after_sbc: 20.15578872
ifrs2_non_cash_sbc_equity_credit: 0.063338504
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 5.603244645
employee_trust_purchase_equity_reduction: 0.073472665
assumed_other_comprehensive_income: 0
end: 109.536630561

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 294095.05921432
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 740243246.95208
old_cohort_sold_to_employee_trust: 293057.50896498
old_cohort_owned_end: 739950189.44312
old_cohort_fraction_begin: 0.996472058
old_cohort_fraction_end: 0.996077561
employee_market_purchase_unit_price_gbp: 24.982624637
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.861158908
final_dividend: 3.720844174
pro_rata_tender_to_employee_trust: 0.073213457
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 5.65521654

company_cash_returns_oku

内容を開く

interim_dividend: 1.867748215
final_dividend: 3.73549643
target_dps_gbp_before_profit_restriction: 0.754275942
actual_scenario_dps_gbp_after_profit_restriction: 0.754275942
employee_trust_market_purchases_not_corporate_buybacks: 0.073472665
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

内容を開く

anniversary_year

period_start

2035-11-06

期間末

2036-11-06

period_days

366

data_status

scenario_forecast

income_oku

内容を開く

regulatory_gross_revenue_before_odi: 57.729926262
negative_odi_revenue_adjustment: -0
revenue: 57.729926262
cash_operating_cost_excluding_sbc_and_ire: 13.51699209
infrastructure_renewal_expense: 0.466086102
sbc_expense_included_in_pat: 0.065238659
depreciation_and_amortization: 9.733238151
environmental_legal_compliance_fines_expense: 0
operating_profit: 33.94837126
cash_finance_interest_expense: 3.168086693
assumed_index_linked_fraction_of_debt: 0.33
noncash_indexation_finance_expense: 1.132590993
total_finance_expense: 4.300677685
share_of_jv_loss: 0.02
profit_before_tax: 29.627693574
income_tax_expense: 7.406923394
parent_attributable_ifrs_profit_after_sbc: 22.220770181
noncontrolling_profit: 0
total_profit_after_tax: 22.220770181

regulatory_rcv_and_investment_oku

内容を開く

rcv_begin_adjusted: 315.972981787
cpi_indexation_net_of_regulatory_runoff: 0.315972982
cash_capex: 21.78
maintenance_replacement_capex_assumed: 11.1078
growth_and_compliance_capex_assumed: 10.6722
qualified_rcv_capex_addition_proxy: 15.4638
rcv_end_adjusted: 331.752754769
RCV_is_unavailable_to_shareholders_as_cash: はい

cash_flow_and_debt_oku

内容を開く

company_cash_from_operations: 36.40706338
noncash_financing_indexation_in_CFO_reconciliation: 1.132590993
deferred_tax_non_cash_added_back: 3.555323229
working_capital_cash_deduction: 0.300097832
regulatory_style_net_debt_begin: 132.003612199
cash_capex: 21.78
dividends_paid_company_wide: 5.821771186
employee_trust_market_purchase_cash: 0.075676845
third_party_primary_issue_net_proceeds: 0
noncash_debt_principal_indexation: 1.132590993
regulatory_style_net_debt_end: 124.406587842
gearing_end_net_debt_over_adjusted_rcv: 0.374997904

ordinary_parent_equity_oku

内容を開く

begin: 109.536630561
parent_profit_after_sbc: 22.220770181
ifrs2_non_cash_sbc_equity_credit: 0.065238659
primary_equity_issue_proceeds: 0
company_dividend_cash_reduction: 5.821771186
employee_trust_purchase_equity_reduction: 0.075676845
assumed_other_comprehensive_income: 0
end: 125.925191371

share_and_holder_cohort_ledger

内容を開く

issued_ordinary_begin: 742864028
issued_from_third_party_equity_funding: 0
issued_ordinary_end: 742864028
company_treasury_begin: 0
company_treasury_end: 0
trust_purchased_and_delivered_same_period: 287125.98198175
trust_end_balance_model_only: 0
sbc_new_primary_shares: 0
old_cohort_owned_begin: 739950189.44312
old_cohort_sold_to_employee_trust: 285999.74793965
old_cohort_owned_end: 739664189.69518
old_cohort_fraction_begin: 0.996077561
old_cohort_fraction_end: 0.995692565
employee_market_purchase_unit_price_gbp: 26.356668992
third_party_issue_price_gbp: 未確認
third_party_issue_proceeds_oku: 0

holder_cash_returns_oku

内容を開く

interim_dividend: 1.932978549
final_dividend: 3.864462858
pro_rata_tender_to_employee_trust: 0.075380007
ordinary_company_buybacks_pro_rata: 0
total_old_holder_cash_receipts: 5.872821413

company_cash_returns_oku

内容を開く

interim_dividend: 1.940590395
final_dividend: 3.88118079
target_dps_gbp_before_profit_restriction: 0.783692704
actual_scenario_dps_gbp_after_profit_restriction: 0.783692704
employee_trust_market_purchases_not_corporate_buybacks: 0.075676845
corporate_buybacks: 0
ordinary_primary_issue_receipts_not_shareholder_return: 0

audit_residuals

内容を開く

income_statement_oku: 0
親会社持分（億）: 0
rcv_oku: 0
debt_oku: 0
発行済株式数: 0
cohort_shares: 0
holder_cashflow_oku: 0
company_dividends_oku: 0

complete_timed_corporate_and_cohort_events

内容を開く

種類: ordinary_dividend
想定日: 2027-02-01
金額: 1.375288937
company_total_oku: 1.375288937
per_share_gbp: 0.185133333
holder_shares_at_record_date_proxy: 742864028
evidence: 2027-02-01 date scheduled by company; cash amount forecast
ex_date: 未確認
scheduled_ex_date: 2026-12-17
year: 0.238193018

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2027-04-30
金額: 0.058
company_total_oku: 0.058
tender_price_gbp_assumed: 16.27865
employee_trust_market_purchased_shares: 356294.90160425
old_cohort_shares_tendered: 356294.90160425
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 0.479123888

内容を開く

種類: ordinary_dividend
想定日: 2027-08-03
金額: 2.749258633
company_total_oku: 2.750577874
per_share_gbp: 0.370266667
holder_shares_at_record_date_proxy: 742507733.0984
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2027-06-25
year: 0.739219713

内容を開く

種類: ordinary_dividend
想定日: 2028-02-01
金額: 1.42823986
company_total_oku: 1.428925206
per_share_gbp: 0.192353533
holder_shares_at_record_date_proxy: 742507733.0984
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2027-12-17
year: 1.237508556

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2028-04-28
金額: 0.059711347
company_total_oku: 0.05974
tender_price_gbp_assumed: 17.17397575
employee_trust_market_purchased_shares: 347851.89445723
old_cohort_shares_tendered: 347685.05658134
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 1.475701574

内容を開く

種類: ordinary_dividend
想定日: 2028-08-03
金額: 2.855142151
company_total_oku: 2.857850411
per_share_gbp: 0.384707067
holder_shares_at_record_date_proxy: 742160048.04181
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2028-06-23
year: 1.741273101

内容を開く

種類: ordinary_dividend
想定日: 2029-02-01
金額: 1.483246347
company_total_oku: 1.484653289
per_share_gbp: 0.199855321
holder_shares_at_record_date_proxy: 742160048.04181
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2028-12-15
year: 2.239561944

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2029-04-30
金額: 0.061473889
company_total_oku: 0.0615322
tender_price_gbp_assumed: 18.118544416
employee_trust_market_purchased_shares: 339608.95856962
old_cohort_shares_tendered: 339287.12591728
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 2.480492813

内容を開く

種類: ordinary_dividend
想定日: 2029-08-03
金額: 2.965136528
company_total_oku: 2.969306577
per_share_gbp: 0.399710642
holder_shares_at_record_date_proxy: 741820760.9159
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2029-06-25
year: 2.740588638

内容を開く

種類: ordinary_dividend
想定日: 2030-02-01
金額: 1.540388426
company_total_oku: 1.542554767
per_share_gbp: 0.207649679
holder_shares_at_record_date_proxy: 741820760.9159
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2029-12-17
year: 3.238877481

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2030-04-30
金額: 0.063289159
company_total_oku: 0.063378166
tender_price_gbp_assumed: 19.115064359
employee_trust_market_purchased_shares: 331561.35291631
old_cohort_shares_tendered: 331095.71313188
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 3.47980835

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種類: ordinary_dividend
想定日: 2030-08-05
金額: 3.079401814
company_total_oku: 3.085109534
per_share_gbp: 0.415299357
holder_shares_at_record_date_proxy: 741489665.20277
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2030-06-25
year: 3.745379877

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種類: ordinary_dividend
想定日: 2031-02-03
金額: 1.599749242
company_total_oku: 1.602714403
per_share_gbp: 0.215748016
holder_shares_at_record_date_proxy: 741489665.20277
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2030-12-17
year: 4.24366872

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2031-04-30
金額: 0.065158738
company_total_oku: 0.065279511
tender_price_gbp_assumed: 20.166392899
employee_trust_market_purchased_shares: 323704.44881876
old_cohort_shares_tendered: 323105.5675498
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 4.479123888

内容を開く

種類: ordinary_dividend
想定日: 2031-08-04
金額: 3.198104297
company_total_oku: 3.205428806
per_share_gbp: 0.431496032
holder_shares_at_record_date_proxy: 741166559.63522
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2031-06-25
year: 4.741957563

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種類: ordinary_dividend
想定日: 2032-02-02
金額: 1.661415182
company_total_oku: 1.665220265
per_share_gbp: 0.224162189
holder_shares_at_record_date_proxy: 741166559.63522
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2031-12-17
year: 5.240246407

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種類: employee_trust_market_purchase_proportional_tender
想定日: 2032-04-30
金額: 0.067084256
company_total_oku: 0.067237896
tender_price_gbp_assumed: 21.275544508
employee_trust_market_purchased_shares: 316033.72728278
old_cohort_shares_tendered: 315311.57997984
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 5.481177276

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種類: ordinary_dividend
想定日: 2032-08-03
金額: 3.321416746
company_total_oku: 3.330440529
per_share_gbp: 0.448324378
holder_shares_at_record_date_proxy: 740851248.05524
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2032-06-25
year: 5.741273101

内容を開く

種類: ordinary_dividend
想定日: 2033-02-01
金額: 1.725476
company_total_oku: 1.730163855
per_share_gbp: 0.232904514
holder_shares_at_record_date_proxy: 740851248.05524
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2032-12-17
year: 6.239561944

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種類: employee_trust_market_purchase_proportional_tender
想定日: 2033-04-29
金額: 0.069067388
company_total_oku: 0.069255033
tender_price_gbp_assumed: 22.445699456
employee_trust_market_purchased_shares: 308544.7763993
old_cohort_shares_tendered: 307708.77853887
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 6.477754962

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種類: ordinary_dividend
想定日: 2033-08-03
金額: 3.449518664
company_total_oku: 3.46032771
per_share_gbp: 0.465809028
holder_shares_at_record_date_proxy: 740543539.2767
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2033-06-24
year: 6.740588638

内容を開く

種類: ordinary_dividend
想定日: 2034-02-01
金額: 1.792024946
company_total_oku: 1.797640245
per_share_gbp: 0.24198779
holder_shares_at_record_date_proxy: 740543539.2767
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2033-12-16
year: 7.238877481

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2034-04-28
金額: 0.071109862
company_total_oku: 0.071332684
tender_price_gbp_assumed: 23.680212926
employee_trust_market_purchased_shares: 301233.2888069
old_cohort_shares_tendered: 300292.32461505
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 7.474332649

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種類: ordinary_dividend
想定日: 2034-08-03
金額: 3.58259655
company_total_oku: 3.595280491
per_share_gbp: 0.48397558
holder_shares_at_record_date_proxy: 740243246.95208
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2034-06-23
year: 7.739904175

内容を開く

種類: ordinary_dividend
想定日: 2035-02-01
金額: 1.861158908
company_total_oku: 1.867748215
per_share_gbp: 0.251425314
holder_shares_at_record_date_proxy: 740243246.95208
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2034-12-15
year: 8.238193018

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2035-04-30
金額: 0.073213457
company_total_oku: 0.073472665
tender_price_gbp_assumed: 24.982624637
employee_trust_market_purchased_shares: 294095.05921432
old_cohort_shares_tendered: 293057.50896498
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 8.479123888

内容を開く

種類: ordinary_dividend
想定日: 2035-08-03
金額: 3.720844174
company_total_oku: 3.73549643
per_share_gbp: 0.502850628
holder_shares_at_record_date_proxy: 739950189.44312
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2035-06-25
year: 8.739219713

内容を開く

種類: ordinary_dividend
想定日: 2036-02-01
金額: 1.932978549
company_total_oku: 1.940590395
per_share_gbp: 0.261230901
holder_shares_at_record_date_proxy: 739950189.44312
evidence: date & amount model assumption
ex_date: 未確認
scheduled_ex_date: 2035-12-17
year: 9.237508556

内容を開く

種類: employee_trust_market_purchase_proportional_tender
想定日: 2036-04-30
金額: 0.075380007
company_total_oku: 0.075676845
tender_price_gbp_assumed: 26.356668992
employee_trust_market_purchased_shares: 287125.98198175
old_cohort_shares_tendered: 285999.74793965
basis: 市場から旧株主・新株主が比例応札、翌営業日以内の即時従業員交付を仮定。新株発行でない。
year: 9.481177276

内容を開く

種類: ordinary_dividend
想定日: 2036-08-04
金額: 3.864462858
company_total_oku: 3.88118079
per_share_gbp: 0.522461802
holder_shares_at_record_date_proxy: 739664189.69518
evidence: date & amount model assumption
ex_date: 未確認
assumed_ex_date: 2036-06-25
year: 9.744010951

期間内株主受取

49.849336915

終価

331.050526158

old_holder_economics

内容を開く

initial_purchased_ordinary_shares: 742864028
purchased_shares_as_of_date: 2026-11-06
initial_cost_oku: 114.62391952
holder_policy: proportional_tender_for_all_employer_trust_market_purchase_events; no subscription to future primary issues; zero corporate repurchases assumed
initial_ownership_share_of_public_ordinary: 1
terminal_old_cohort_shares: 739664189.69518
terminal_issued_ordinary_shares: 742864028
terminal_share_fraction: 0.995692565
terminal_entire_company_equity_value_oku: 332.482673569
terminal_old_cohort_mcap_oku: 331.050526158
terminal_share_price_gbp_derived_not_market_multiple: 44.756868153
net_primary_share_funding_oku: 0
terminal_PV_oku: 146.402468671
holder_cash_PV_oku: 33.030469003
total_holder_PV_oku: 179.432937674
scenario_irr: 0.141244059

terminal_valuation

内容を開く

方法: FCFE_gordon_from_normalized_post_SBC_earnings_less_growth_retention_and_uncovered_maintenance_capex
common_nominal_cost_of_equity: 0.085
terminal_growth: 0.031
normalized_sustainable_ROE_on_economic_reinvested_equity_assumption: 0.2
year10_reported_parent_profit_after_sbc_oku: 22.220770181
terminal_normalization_factor: 0.99
post_SBC_sustainable_parent_profit_oku: 21.998562479
equity_earnings_retained_for_growth_oku: 3.409777184
incremental_maintenance_capex_above_depreciation_net_recovery_oku: 1.174561849
year11_sustainable_distributable_cash_oku: 17.954064373
terminal_whole_company_value_oku: 332.482673569
terminal_original_cohort_value_oku: 331.050526158
treatment: 2036-11-06残存旧株主持分。最終年の配当やEBT買付は同日以前のもののみ。2036-11-06後1年間の配当を期間内CFへ前倒ししない。

discounted_at_k

内容を開く

cashflow_pv_oku: 33.030469003
terminal_pv_oku: 146.402468671
現在価値（億）: 179.432937674
price_paid_oku: 114.62391952
npv_oku: 64.809018154
pv_to_price: 1.565405706

checks

内容を開く

rows: 10
cashflow_events_count: 30
all_anniversary_start_end_connect: はい
payout_minus_events_oku: -0
terminal_all_times_within_horizon: はい
share_ledger_balances: はい
company_to_old_valuation_residual_oku: 0
scenario_irr_NPV_residual_oku: -0

calendar_year_bridge_views

内容を開く

calendar_year: 2026
start_inclusive: 2026-11-06
end_exclusive: 2027-01-01
days: 56
view: overlap_allocated_calendar_view_not_extra_valuation_years
uniform_daily_operating_accrual_assumption: はい
売上高: 4.549041096
operating_cash_cost_before_ire_sbc_oku: 1.589479452
depreciation_oku: 0.866849315
finance_expense_oku: 0.5353708
parent_profit_after_sbc_oku: 1.112197927
noncash_sbc_equity_credit_oku: 0.007671233
cash_capex_oku: 3.341589041
cfo_oku: 2.374743265
indexation_principal_oku: 0.171214265
dividends_all_shareholders_event_dated_oku: 0
employee_trust_share_purchase_event_dated_oku: 0
new_primary_equity_net_proceeds_event_dated_oku: 0
old_cohort_cash_receipts_event_dated_oku: 0
change_parent_equity_oku: 1.11986916
change_regulatory_style_net_debt_oku: 1.13806004
change_adjusted_rcv_oku: 2.399107821
calendar_event_dates: 記載なし
注記: 2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2027

start_inclusive

2027-01-01

end_exclusive

2028-01-01

days

365

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

30.104841964

operating_cash_cost_before_ire_sbc_oku

10.409551805

depreciation_oku

5.712467625

finance_expense_oku

3.539211419

parent_profit_after_sbc_oku

7.468043606

noncash_sbc_equity_credit_oku

0.050208549

cash_capex_oku

22.376771615

cfo_oku

15.816600588

indexation_principal_oku

1.124083582

dividends_all_shareholders_event_dated_oku

4.125866811

employee_trust_share_purchase_event_dated_oku

0.058

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

4.18254757

change_parent_equity_oku

3.334385343

change_regulatory_style_net_debt_oku

11.868121419

change_adjusted_rcv_oku

16.063069824

calendar_event_dates

1: 2027-02-01
2: 2027-04-30
3: 2027-08-03

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2028

start_inclusive

2028-01-01

end_exclusive

2029-01-01

days

366

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

33.234471279

operating_cash_cost_before_ire_sbc_oku

10.772610236

depreciation_oku

6.1461858

finance_expense_oku

3.884685931

parent_profit_after_sbc_oku

8.951268312

noncash_sbc_equity_credit_oku

0.05175863

cash_capex_oku

25.750790029

cfo_oku

18.121885751

indexation_principal_oku

1.181808555

dividends_all_shareholders_event_dated_oku

4.286775617

employee_trust_share_purchase_event_dated_oku

0.05974

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

4.343093358

change_parent_equity_oku

4.656511325

change_regulatory_style_net_debt_oku

13.15722845

change_adjusted_rcv_oku

18.474852062

calendar_event_dates

1: 2028-02-01
2: 2028-04-28
3: 2028-08-03

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2029

start_inclusive

2029-01-01

end_exclusive

2030-01-01

days

365

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

36.642500497

operating_cash_cost_before_ire_sbc_oku

11.134235811

depreciation_oku

6.604412706

finance_expense_oku

4.253015196

parent_profit_after_sbc_oku

10.612036642

noncash_sbc_equity_credit_oku

0.053289152

cash_capex_oku

25.284328767

cfo_oku

20.664949544

indexation_principal_oku

1.234946173

dividends_all_shareholders_event_dated_oku

4.453959866

employee_trust_share_purchase_event_dated_oku

0.0615322

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

4.509856764

change_parent_equity_oku

6.149833728

change_regulatory_style_net_debt_oku

10.369817462

change_adjusted_rcv_oku

18.1620525

calendar_event_dates

1: 2029-02-01
2: 2029-04-30
3: 2029-08-03

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2030

start_inclusive

2030-01-01

end_exclusive

2031-01-01

days

365

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

40.178604577

operating_cash_cost_before_ire_sbc_oku

11.502256741

depreciation_oku

7.079282859

finance_expense_oku

4.513178067

parent_profit_after_sbc_oku

12.445393502

noncash_sbc_equity_credit_oku

0.054887827

cash_capex_oku

22.314328767

cfo_oku

23.255084672

indexation_principal_oku

1.245587014

dividends_all_shareholders_event_dated_oku

4.627664301

employee_trust_share_purchase_event_dated_oku

0.063378166

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

4.683079399

change_parent_equity_oku

7.809238862

change_regulatory_style_net_debt_oku

4.995873576

change_adjusted_rcv_oku

16.071514553

calendar_event_dates

1: 2030-02-01
2: 2030-04-30
3: 2030-08-05

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2031

start_inclusive

2031-01-01

end_exclusive

2032-01-01

days

365

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

42.731153245

operating_cash_cost_before_ire_sbc_oku

11.819246266

depreciation_oku

7.472441627

finance_expense_oku

4.597483747

parent_profit_after_sbc_oku

13.756662317

noncash_sbc_equity_credit_oku

0.056510164

cash_capex_oku

19.791699978

cfo_oku

24.437488713

indexation_principal_oku

1.210755388

dividends_all_shareholders_event_dated_oku

4.808143209

employee_trust_share_purchase_event_dated_oku

0.065279511

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

4.863012277

change_parent_equity_oku

8.939749761

change_regulatory_style_net_debt_oku

1.438389373

change_adjusted_rcv_oku

14.296412097

calendar_event_dates

1: 2031-02-03
2: 2031-04-30
3: 2031-08-04

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2032

start_inclusive

2032-01-01

end_exclusive

2033-01-01

days

366

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

45.504919551

operating_cash_cost_before_ire_sbc_oku

12.160474552

depreciation_oku

7.897644242

finance_expense_oku

4.649119443

parent_profit_after_sbc_oku

15.215493642

noncash_sbc_equity_credit_oku

0.058254794

cash_capex_oku

19.884245228

cfo_oku

26.562253349

indexation_principal_oku

1.224353739

dividends_all_shareholders_event_dated_oku

4.995660794

employee_trust_share_purchase_event_dated_oku

0.067237896

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

5.049916184

change_parent_equity_oku

10.210849746

change_regulatory_style_net_debt_oku

-0.390755692

change_adjusted_rcv_oku

14.376636698

calendar_event_dates

1: 2032-02-02
2: 2032-04-30
3: 2032-08-03

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2033

start_inclusive

2033-01-01

end_exclusive

2034-01-01

days

365

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

48.397143929

operating_cash_cost_before_ire_sbc_oku

12.495752113

depreciation_oku

8.336447507

finance_expense_oku

4.635495031

parent_profit_after_sbc_oku

16.806690624

noncash_sbc_equity_credit_oku

0.059977411

cash_capex_oku

20.370945205

cfo_oku

28.837055679

indexation_principal_oku

1.220765726

dividends_all_shareholders_event_dated_oku

5.190491565

employee_trust_share_purchase_event_dated_oku

0.069255033

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

5.244062052

change_parent_equity_oku

11.606921436

change_regulatory_style_net_debt_oku

-1.985598149

change_adjusted_rcv_oku

14.736456788

calendar_event_dates

1: 2033-02-01
2: 2033-04-29
3: 2033-08-03

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2034

start_inclusive

2034-01-01

end_exclusive

2035-01-01

days

365

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

51.49456114

operating_cash_cost_before_ire_sbc_oku

12.845633172

depreciation_oku

8.803288567

finance_expense_oku

4.571826486

parent_profit_after_sbc_oku

18.557005594

noncash_sbc_equity_credit_oku

0.061776732

cash_capex_oku

20.865945205

cfo_oku

31.311017322

indexation_principal_oku

1.203998504

dividends_all_shareholders_event_dated_oku

5.392920736

employee_trust_share_purchase_event_dated_oku

0.071332684

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

5.445731358

change_parent_equity_oku

13.154528906

change_regulatory_style_net_debt_oku

-3.776820193

change_adjusted_rcv_oku

15.102643245

calendar_event_dates

1: 2034-02-01
2: 2034-04-28
3: 2034-08-03

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2035

start_inclusive

2035-01-01

end_exclusive

2036-01-01

days

365

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

54.766013069

operating_cash_cost_before_ire_sbc_oku

13.199644672

depreciation_oku

9.292192622

finance_expense_oku

4.448036886

parent_profit_after_sbc_oku

20.463293001

noncash_sbc_equity_credit_oku

0.063602687

cash_capex_oku

21.351815181

cfo_oku

33.972041125

indexation_principal_oku

1.171398296

dividends_all_shareholders_event_dated_oku

5.603244645

employee_trust_share_purchase_event_dated_oku

0.073472665

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

5.655216539

change_parent_equity_oku

14.850178378

change_regulatory_style_net_debt_oku

-5.772110338

change_adjusted_rcv_oku

15.462581117

calendar_event_dates

1: 2035-02-01
2: 2035-04-30
3: 2035-08-03

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

内容を開く

calendar_year

2036

start_inclusive

2036-01-01

end_exclusive

2036-11-06

days

310

view

overlap_allocated_calendar_view_not_extra_valuation_years

uniform_daily_operating_accrual_assumption

はい

売上高

48.89693208

operating_cash_cost_before_ire_sbc_oku

11.448818437

depreciation_oku

8.243999527

finance_expense_oku

3.642650498

parent_profit_after_sbc_oku

18.820870918

noncash_sbc_equity_credit_oku

0.055256788

cash_capex_oku

18.447540984

cfo_oku

30.836583737

indexation_principal_oku

0.959298382

dividends_all_shareholders_event_dated_oku

5.821771185

employee_trust_share_purchase_event_dated_oku

0.075676845

new_primary_equity_net_proceeds_event_dated_oku

old_cohort_cash_receipts_event_dated_oku

5.872821414

change_parent_equity_oku

12.978679676

change_regulatory_style_net_debt_oku

-5.532296342

change_adjusted_rcv_oku

13.365381487

calendar_event_dates

1: 2036-02-01
2: 2036-04-30
3: 2036-08-04

注記

2026は2026-11-06以後、2036は2036-11-06までの一部期間。年次50明細の二重計上禁止。

売上高

57.729926262

営業利益

33.94837126

純利益

22.220770181

equity_oku

125.925191371

期間内の親会社利益合計（億）

144.208956084

multiple

kind

fcfe_model

why

持続利益、成長のための留保と追加維持投資から導出。

detail

内容を開く

方法: FCFE_gordon_from_normalized_post_SBC_earnings_less_growth_retention_and_uncovered_maintenance_capex
common_nominal_cost_of_equity: 0.085
terminal_growth: 0.031
normalized_sustainable_ROE_on_economic_reinvested_equity_assumption: 0.2
year10_reported_parent_profit_after_sbc_oku: 22.220770181
terminal_normalization_factor: 0.99
post_SBC_sustainable_parent_profit_oku: 21.998562479
equity_earnings_retained_for_growth_oku: 3.409777184
incremental_maintenance_capex_above_depreciation_net_recovery_oku: 1.174561849
year11_sustainable_distributable_cash_oku: 17.954064373
terminal_whole_company_value_oku: 332.482673569
terminal_original_cohort_value_oku: 331.050526158
treatment: 2036-11-06残存旧株主持分。最終年の配当やEBT買付は同日以前のもののみ。2036-11-06後1年間の配当を期間内CFへ前倒ししない。

強気（確率 20.0%）

料金・支出効率が良好でODI負担が縮小。

確率の根拠

将来の規制・設備投資・資金調達を考慮した分析上の仮定。

このシナリオの数値・キャッシュフローを開く →

標準（確率 40.0%）

AMP8の大部分が進捗、許容利益の回収と効率改善が進むが維持投資負担が残る。

確率の根拠

将来の規制・設備投資・資金調達を考慮した分析上の仮定。

このシナリオの数値・キャッシュフローを開く →

弱気（確率 20.0%）

料金回収の遅れ、環境ODI損失と資金調達コスト増。

確率の根拠

将来の規制・設備投資・資金調達を考慮した分析上の仮定。

このシナリオの数値・キャッシュフローを開く →

深刻な下方（確率 10.0%）

規制不達・環境制裁と建設超過。資金不足を増資で補填。

確率の根拠

将来の規制・設備投資・資金調達を考慮した分析上の仮定。

このシナリオの数値・キャッシュフローを開く →

単位の説明

monetary_company_and_cohort: 億GBP（100 million GBP）
ordinary_share_price: GBP/share
stock_exchange_price: GBX (pence); price_gbp=price_gbx/100
株数: number of ordinary shares
probability_and_rates: fraction, 0.085=8.5%
cashflow_time: actual_days_since_2026-11-06/365.25

分析基準とデータ

価格・単価

15.43

株価基準日

2026-11-06

株数

742864028

株価の出所

https://www.londonstockexchange.com/en/quote/equity/UU~/united-utilities-group-plc

株数の出所

https://www.unitedutilities.com/globalassets/z_corporate-site/financial-news-2026/orchid---notification-of-admission-of-further-securities-to-trading-prm-1.6.4r593923535.2.pdf

detail

内容を開く

価格・単価

内容を開く

price_gbp: 15.43
price_gbx: 1543
株価基準日: 2026-11-06
time: 16:35 GMT London closing auction
source_id: lse_close
状態: confirmed_close

株数

内容を開く

ordinary_issued: 742864028
ordinary_issued_asof_source: 2026-05-05; re-verified AGM 2026-07-17
company_treasury_shares_last_confirmed: 0
treasury_confirmed_asof_date: 2026-05-05
employee_trust_shares_held_on_2026-11-06: 未確認
employee_trust_share_balance_known: いいえ
estimated_effective_ordinary_shares_for_valuation: 742864028
valuation_denominator_status: dated_proxy; not proven exact as of 2026-11-06; sensitivity to EBT holding and later issue exists
non_economic_deferred_shares_excluded: 273956180
pre_issue_ordinary_shares: 681888418
added_ordinary_shares_2026_05_05: 60975610
sbc_creates_new_issued_shares_in_base_model: いいえ
price_times_effective_shares_oku: 114.62391952
issuer_equity_offering_net_proceeds_oku: 7.88
source_id: placing

時価総額（億）

114.62391952

market_cap_price_times_share_count_source

direct calculation, not LSE displayed market cap

last_verified_ifrs_financial_reporting_date

2026-03-31

balance_sheet_2026_11_06_status

estimated proxy from audited FY26 + known May placement + August dividend + unreported bridge profits/cash movements

fy26_reported_ifrs

内容を開く

fiscal_year_end

2026-03-31

売上高

26.163

cash_operating_expense_including_sbc_oku

9.783

infrastructure_renewal_expense_oku

0.381

depreciation_and_amortization_oku

5.005

営業利益（億）

10.994

net_finance_expense_oku

3.158

equity_accounted_jv_loss_oku

0.046

profit_before_tax_oku

7.79

tax_expense_oku

1.922

attributable_profit_oku

5.868

親会社持分（億）

22.414

total_equity_oku

22.414

noncontrolling_interest_oku

cash_and_equivalents_oku

17.943

current_borrowings_oku

1.649

non_current_borrowings_oku

113.257

gross_borrowings_oku

114.906

regulatory_net_debt_oku

99.43

ifrs_net_debt_reported_oku

96.58

adjusted_rcv_oku

165.27

capital_investment_regulatory_oku

15.251

ppe_cash_purchases_oku

14.921

reported_cfo_oku

13.819

equity_settled_sbc_charge_oku

0.045

employee_share_purchases_for_options_oku

0.058

paid_dividends_oku

3.576

dividends_per_share_pence

53.66

interim_paid_pence

17.88

final_paid_pence

35.78

historical_revenue_by_service_oku

内容を開く

wholesale_clean_water: 10.739
wholesale_wastewater: 13.626
household_retail: 1.36
other: 0.438

asof_2026_11_06_estimates

内容を開く

ordinary_parent_equity_oku: 31.114445052
net_debt_regulatory_style_oku: 98.896678235
adjusted_rcv_oku: 173.242046575
net_debt_over_rcv: 0.570858404
状態: model_proxy_not_disclosed_balance_sheet; Sep 2026 court fine assumed recognized and cash-paid

bridge_from_fy2026_year_end

内容を開く

period

2026-04-01 to 2026-11-06

days

220

状態

推計・代理値。2026年9月末中間決算は11月12日発表予定のため2026-11-06時点で利用不可

from_2026_03_31

内容を開く

親会社持分（億）: 22.414
regulatory_net_debt_oku: 99.43
adjusted_rcv_oku: 165.27
ordinary_shares: 681888418

verified_event_2026_05_05

内容を開く

new_ordinary_shares: 60975610
price_gbp: 13.12
gross_proceeds_oku: 8
net_proceeds_oku: 7.88
post_issue_ordinary_shares: 742864028
company_treasury_shares: 0
last_verified_count_date: 2026-07-17

verified_final_dividend_paid_2026_08_03

内容を開く

cash_outflow_oku: 2.657967492
per_share_gbp: 0.3578
ex_date: 2026-06-25
from_march_equity_dividend_liability: 2026-03-31未認識。会社決算注記9に従い承認後に控除

assumed_profit_before_september_court_fine_oku

3.495890411

recognized_september_2026_court_fine_assumed_paid_oku

0.00964225

assumed_profit_after_court_fine_oku

3.486248161

court_fine_cash_settlement_unverified

はい

assumed_equity_sbc_credit_oku

0.027123288

assumed_employee_share_market_purchases_oku

0.034958904

assumed_OCI_oku

assumed_capex_cash_oku

12.054794521

assumed_depreciation_oku

3.315068493

assumed_indexation_oku

0.560547945

assumed_deferred_tax_noncash_oku

0.693150685

assumed_working_capital_cash_deduction_oku

0.120547945

assumed_cfo_oku

7.971232877

estimated_as_of_parent_equity_oku

31.114445052

estimated_as_of_regulatory_style_net_debt_oku

98.896678235

estimated_as_of_adjusted_rcv_oku

173.242046575

estimated_as_of_issued_ordinary_shares

742864028

estimated_as_of_treasury_shares

employee_trust_ordinary_shares_as_of

未確認

old_cohort_model_initial_shares

742864028

audit_equity_residual_oku

audit_debt_residual_oku

warning

share_count_sensitivity

内容を開く

employee_trust_held_shares_unverified: 未確認
illustrative_unverified_employee_trust_shares: 1000000
illustrative_outstanding_if_1m_treasury_equivalent_were_excluded: 741864028
market_cap_difference_oku_for_1m_share_denominator_change: 0.1543
注記: EBTを会社自己株と同じ会計・株式市場フリーフロート控除扱いにできるかは信託保有時点・連結構成に依存。1m株は事実ではなく感応度。

追加データ・検証記録

分析ごとに収録された追加の前提、年度別データ、検証上の注意を確認できます。

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分析に使用した資料

www.londonstockexchange.com 2026-11-06
www.unitedutilities.com 2026-04-30
www.unitedutilities.com 2026-06-24
www.unitedutilities.com history up to 2026-08-03
unitedutilities.annualreport2026.com 2026-06-24
www.investegate.co.uk 2026-04-30 and admission 2026-05-05
www.investegate.eu 2026-07-17
www.unitedutilities.com 2026-09-25
www.ofwat.gov.uk 2024-12
www.ofwat.gov.uk 2025-03-20 edition
www.gov.uk 2026-09-08
www.unitedutilities.com 2026-03 revised calendar
find-and-update.company-information.service.gov.uk 2026-07-06

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