TATE & LYLE PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 634 GBX | 0.00% |
|
-0.55% | -3.79% |
| Apr. 24 | Haleon appoints Tate & Lyle's finance chief as CFO from November | AN |
| Apr. 24 | Haleon Taps Tate & Lyle Finance Chief Dawn Allen as CFO | DJ |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,375 | 3,043 | 3,554 | 3,401 | 3,124 | 2,522 | - | - |
| Enterprise Value (EV) 1 | 3,712 | 3,494 | 3,971 | 4,027 | 3,362 | 2,651 | 2,597 | 2,488 |
| P/E ratio | 18.8 x | 12.6 x | 14.3 x | 17 x | 17 x | 13.9 x | 12.6 x | 11.5 x |
| Yield | 4.05% | 4.51% | 4.01% | 2.55% | 2.36% | 3.08% | 3.29% | 3.46% |
| Capitalization / Revenue | 1.22 x | 1.06 x | 1.27 x | 2.47 x | 1.78 x | 1.49 x | 1.52 x | 1.46 x |
| EV / Revenue | 1.35 x | 1.21 x | 1.41 x | 2.93 x | 1.92 x | 1.57 x | 1.57 x | 1.44 x |
| EV / EBITDA | 8 x | 7.1 x | 7.88 x | 8.57 x | 10.5 x | 8.11 x | 7.52 x | 6.72 x |
| EV / FCF | 18.6 x | 16 x | 18.3 x | -89.5 x | -280 x | 13.2 x | 12 x | 12.7 x |
| FCF Yield | 5.39% | 6.27% | 5.46% | -1.12% | -0.36% | 7.6% | 8.34% | 7.86% |
| Price to Book | 2.25 x | 2.18 x | 2.44 x | 2.45 x | 2.67 x | 1.99 x | 1.82 x | 1.66 x |
| Nbr of stocks (in thousands) | 398,528 | 397,659 | 397,116 | 398,170 | 398,150 | 397,729 | - | - |
| Reference price 2 | 8.468 | 7.653 | 8.951 | 8.542 | 7.846 | 6.340 | 6.340 | 6.340 |
| 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: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,755 | 2,882 | 2,807 | 1,375 | 1,751 | 1,691 | 1,660 | 1,726 |
| EBITDA 1 | 464 | 492 | 504 | 470 | 320 | 326.8 | 345.6 | 370.3 |
| EBIT 1 | 305 | 331 | 339 | 312 | 249 | 254.4 | 270.8 | 290.9 |
| Operating Margin | 11.07% | 11.49% | 12.08% | 22.69% | 14.22% | 15.04% | 16.32% | 16.86% |
| Earnings before Tax (EBT) 1 | 240 | 296 | 283 | 42 | 152 | 240.5 | 263.5 | 287.5 |
| Net income 1 | 181 | 245 | 253 | 236 | 190 | 191.3 | 211.1 | 233.4 |
| Net margin | 6.57% | 8.5% | 9.01% | 17.16% | 10.85% | 11.31% | 12.72% | 13.53% |
| EPS 2 | 0.4503 | 0.6078 | 0.6277 | 0.5020 | 0.4620 | 0.4576 | 0.5018 | 0.5527 |
| Free Cash Flow 1 | 200 | 219 | 217 | -45 | -12 | 201.6 | 216.7 | 195.6 |
| FCF margin | 7.26% | 7.6% | 7.73% | -3.27% | -0.69% | 11.92% | 13.06% | 11.33% |
| FCF Conversion (EBITDA) | 43.1% | 44.51% | 43.06% | - | - | 61.69% | 62.71% | 52.81% |
| FCF Conversion (Net income) | 110.5% | 89.39% | 85.77% | - | - | 105.38% | 102.65% | 83.79% |
| Dividend per Share 2 | 0.3430 | 0.3453 | 0.3593 | 0.2180 | 0.1850 | 0.1950 | 0.2088 | 0.2194 |
| 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: Marzo | 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: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 337 | 451 | 417 | 626 | 238 | 130 | 75.9 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 33.9 |
| Leverage (Debt/EBITDA) | 0.7263 x | 0.9167 x | 0.8274 x | 1.332 x | 0.7438 x | 0.3972 x | 0.2195 x | - |
| Free Cash Flow 1 | 200 | 219 | 217 | -45 | -12 | 202 | 217 | 196 |
| ROE (net income / shareholders' equity) | 17.1% | 17% | 17.7% | 15.4% | 14.5% | 16.2% | 16.1% | 15.2% |
| ROA (Net income/ Total Assets) | 9.1% | 8.68% | 8.68% | 7.59% | 6.6% | 7.5% | 7.9% | 8.1% |
| Assets 1 | 1,990 | 2,822 | 2,914 | 3,109 | 2,879 | 2,550 | 2,672 | 2,881 |
| Book Value Per Share 2 | 3.760 | 3.520 | 3.670 | 3.480 | 2.940 | 3.190 | 3.480 | 3.820 |
| Cash Flow per Share 2 | 0.8200 | 0.9500 | 0.9200 | 0.2200 | 0.1600 | 0.6100 | 0.6000 | 0.6800 |
| Capex 1 | 130 | 166 | 152 | 148 | 78 | 93.4 | 115 | 118 |
| Capex / Sales | 4.72% | 5.76% | 5.42% | 10.76% | 4.45% | 5.53% | 6.94% | 6.82% |
| 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
10
Last Close Price
6.34
GBP
Average target price
8.58
GBP
Spread / Average Target
+35.33%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.79% | 3.14B | |
| +2.35% | 29.8B | |
| +4.50% | 21.6B | |
| +13.39% | 11.83B | |
| +12.40% | 5.15B | |
| +11.10% | 4.21B | |
| -16.49% | 3.48B | |
| +4.73% | 3.11B | |
| +27.19% | 2.79B | |
| -14.60% | 2.34B |
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- Financials Tate & Lyle plc
