TATE & LYLE PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 670 GBX | +0.37% |
|
-1.83% | +1.67% |
| Apr. 30 | Deutsche Bank Kicks Off Tate & Lyle Coverage at Buy | MT |
| Apr. 30 | Deutsche says buy Barr, Britvic and Fevertree | AN |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,375 | 3,043 | 3,554 | 3,401 | 3,124 | 2,665 | - | - |
| Enterprise Value (EV) 1 | 3,712 | 3,494 | 3,971 | 4,027 | 3,362 | 2,789 | 2,740 | 2,631 |
| P/E ratio | 18.8 x | 12.6 x | 14.3 x | 17 x | 17 x | 15.7 x | 14.4 x | 13.1 x |
| Yield | 4.05% | 4.51% | 4.01% | 2.55% | 2.36% | 2.92% | 3.13% | 3.29% |
| Capitalization / Revenue | 1.22 x | 1.06 x | 1.27 x | 2.47 x | 1.78 x | 1.58 x | 1.61 x | 1.54 x |
| EV / Revenue | 1.35 x | 1.21 x | 1.41 x | 2.93 x | 1.92 x | 1.65 x | 1.65 x | 1.53 x |
| EV / EBITDA | 8 x | 7.1 x | 7.88 x | 8.57 x | 10.5 x | 8.54 x | 7.9 x | 7.07 x |
| EV / FCF | 18.6 x | 16 x | 18.3 x | -89.5 x | -280 x | 13.9 x | 12.6 x | 13.3 x |
| FCF Yield | 5.39% | 6.27% | 5.46% | -1.12% | -0.36% | 7.21% | 7.94% | 7.52% |
| Price to Book | 2.25 x | 2.18 x | 2.44 x | 2.45 x | 2.67 x | 2.07 x | 1.88 x | 1.74 x |
| Nbr of stocks (in thousands) | 398,528 | 397,659 | 397,116 | 398,170 | 398,150 | 397,738 | - | - |
| Reference price 2 | 8.468 | 7.653 | 8.951 | 8.542 | 7.846 | 6.700 | 6.700 | 6.700 |
| Announcement Date | 5/23/19 | 5/21/20 | 5/27/21 | 6/9/22 | 5/25/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,755 | 2,882 | 2,807 | 1,375 | 1,751 | 1,688 | 1,659 | 1,725 |
| EBITDA 1 | 464 | 492 | 504 | 470 | 320 | 326.8 | 347 | 372 |
| EBIT 1 | 305 | 331 | 339 | 312 | 249 | 254.4 | 272.2 | 292.4 |
| Operating Margin | 11.07% | 11.49% | 12.08% | 22.69% | 14.22% | 15.07% | 16.4% | 16.95% |
| Earnings before Tax (EBT) 1 | 240 | 296 | 283 | 42 | 152 | 225.5 | 247 | 271.8 |
| Net income 1 | 181 | 245 | 253 | 236 | 190 | 191.5 | 213.1 | 235.2 |
| Net margin | 6.57% | 8.5% | 9.01% | 17.16% | 10.85% | 11.35% | 12.84% | 13.63% |
| EPS 2 | 0.4503 | 0.6078 | 0.6277 | 0.5020 | 0.4620 | 0.4273 | 0.4665 | 0.5126 |
| Free Cash Flow 1 | 200 | 219 | 217 | -45 | -12 | 201.1 | 217.7 | 197.8 |
| FCF margin | 7.26% | 7.6% | 7.73% | -3.27% | -0.69% | 11.92% | 13.12% | 11.47% |
| FCF Conversion (EBITDA) | 43.1% | 44.51% | 43.06% | - | - | 61.53% | 62.74% | 53.18% |
| FCF Conversion (Net income) | 110.5% | 89.39% | 85.77% | - | - | 104.99% | 102.16% | 84.13% |
| Dividend per Share 2 | 0.3430 | 0.3453 | 0.3593 | 0.2180 | 0.1850 | 0.1954 | 0.2096 | 0.2208 |
| Announcement Date | 5/23/19 | 5/21/20 | 5/27/21 | 6/9/22 | 5/25/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,476 | 1,406 | 1,389 | 1,418 | 656 | 849 | 902 | 857 | 847.5 |
| EBITDA 1 | - | - | - | - | - | - | 148 | - | 152 |
| EBIT | 183 | - | 182 | - | 97 | 137 | 112 | 143 | - |
| Operating Margin | 12.4% | - | 13.1% | - | 14.79% | 16.14% | 12.42% | 16.69% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | 0.1850 | - | - |
| Announcement Date | 11/7/19 | 5/21/20 | 11/5/20 | 5/27/21 | 11/4/21 | 11/10/22 | 5/25/23 | 11/9/23 | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 337 | 451 | 417 | 626 | 238 | 124 | 75.4 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 33.8 |
| Leverage (Debt/EBITDA) | 0.7263 x | 0.9167 x | 0.8274 x | 1.332 x | 0.7438 x | 0.3808 x | 0.2172 x | - |
| Free Cash Flow 1 | 200 | 219 | 217 | -45 | -12 | 201 | 218 | 198 |
| ROE (net income / shareholders' equity) | 17.1% | 17% | 17.7% | 15.4% | 14.5% | 16.5% | 16.4% | 15.8% |
| ROA (Net income/ Total Assets) | 9.1% | 8.68% | 8.68% | 7.59% | 6.6% | 6.41% | 6.5% | 6.73% |
| Assets 1 | 1,990 | 2,822 | 2,914 | 3,109 | 2,879 | 2,987 | 3,280 | 3,494 |
| Book Value Per Share 2 | 3.760 | 3.520 | 3.670 | 3.480 | 2.940 | 3.230 | 3.560 | 3.850 |
| Cash Flow per Share 2 | 0.8200 | 0.9500 | 0.9200 | 0.2200 | 0.1600 | 0.6500 | 0.6600 | 0.7400 |
| Capex 1 | 130 | 166 | 152 | 148 | 78 | 93.6 | 115 | 119 |
| Capex / Sales | 4.72% | 5.76% | 5.42% | 10.76% | 4.45% | 5.55% | 6.9% | 6.91% |
| Announcement Date | 5/23/19 | 5/21/20 | 5/27/21 | 6/9/22 | 5/25/23 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
6.7
GBP
Average target price
8.573
GBP
Spread / Average Target
+27.95%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +1.67% | 3.36B | |
| -1.19% | 29.15B | |
| +20.82% | 24.64B | |
| +4.33% | 11.15B | |
| +15.73% | 5.32B | |
| +17.59% | 4.46B | |
| -8.90% | 3.9B | |
| +0.07% | 2.99B | |
| +24.77% | 2.81B | |
| -9.38% | 2.53B |
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