Associated British Foods (ABF)

Sector:

Food

Index:

FTSE 100

2,447.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 2,514.00
  • 52 Week Low: 1,825.50
  • Currency: UK Pounds
  • Shares Issued: 752.16m
  • Volume: 518,472
  • Market Cap: £18,405m
  • RiskGrade: 161

Dividend Data

  16-Sep-2317-Sep-2218-Sep-2112-Sep-2014-Sep-19
Interim Dividend14.20p13.80p6.20pn/a12.05p
Final Dividend33.10p29.90p20.50pn/a34.30p
Total Dividend47.30p43.70p40.50pn/a46.35p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 16-Sep-23 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19
Continuing Operations          
Revenue 19,750.00 16,997.00 13,884.00 13,937.00 15,824.00
Operating Profit/(Loss) 1,383.00 1,069.00 729.00 753.00 1,225.00
Net Interest (80.00) (92.00) (102.00) (113.00) (15.00)
Profit Before Tax 1,340.00 1,076.00 725.00 686.00 1,173.00
Profit After Tax 1,068.00 720.00 498.00 465.00 896.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 1,068.00 720.00 498.00 465.00 896.00
Attributable to:          
Equity Holders of Parent Company 1,044.00 700.00 478.00 455.00 878.00
Minority Interests 24.00 20.00 20.00 10.00 18.00
           
Continuing EPS          
Earnings per Share - Basic 134.20p 88.60p 60.50p 57.60p 111.10p
Earnings per Share - Diluted 134.20p 88.60p 60.50p 57.60p 111.10p
Earnings per Share - Adjusted 141.80p 131.10p 80.10p 81.10p 137.50p
Continuing and Discontinued EPS          
Earnings per Share - Basic 134.20p 88.60p 60.50p 57.60p 111.10p
Earnings per Share - Diluted 134.20p 88.60p 60.50p 57.60p 111.10p
Earnings per Share - Adjusted 141.80p 131.10p 80.10p 81.10p 111.10p
           
Dividend per Share 47.30p 43.70p 26.70p n/a 46.35p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 16-Sep-23 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 8,116.00 8,055.00 7,935.00 8,641.00 5,769.00
Intangible Assets 1,870.00 1,868.00 1,581.00 1,629.00 1,681.00
Investment Properties n/a n/a n/a n/a n/a
Investments 394.00 386.00 338.00 289.00 275.00
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 1,725.00 1,632.00 936.00 357.00 439.00
  12,105.00 11,941.00 10,790.00 10,916.00 8,164.00
Current Assets          
Inventories 3,207.00 3,259.00 2,151.00 2,150.00 2,386.00
Trade & Other Receivables 1,778.00 1,758.00 1,367.00 1,328.00 1,436.00
Cash at Bank & in Hand 1,457.00 2,121.00 2,275.00 1,996.00 1,495.00
Current Asset Investments n/a 4.00 32.00 n/a 29.00
Other Current Assets 297.00 692.00 280.00 279.00 250.00
  6,739.00 7,834.00 6,105.00 5,753.00 5,596.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 18,844.00 19,775.00 16,895.00 16,669.00 13,760.00
           
Liabilities          
Current Liabilities          
Borrowings 503.00 473.00 619.00 451.00 227.00
Other Current Liabilities 3,186.00 3,580.00 2,663.00 2,702.00 2,841.00
  3,689.00 4,053.00 3,282.00 3,153.00 3,068.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 3,219.00 3,416.00 3,068.00 3,660.00 361.00
Provisions 674.00 673.00 394.00 251.00 315.00
Other Non-Current Liabilities 69.00 79.00 147.00 166.00 466.00
  3,962.00 4,168.00 3,609.00 4,077.00 1,142.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 7,651.00 8,221.00 6,891.00 7,230.00 4,210.00
           
Net Assets 11,193.00 11,554.00 10,004.00 9,439.00 9,550.00
           
Capital & Reserves          
Share Capital 44.00 45.00 45.00 45.00 45.00
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves 139.00 754.00 184.00 491.00 575.00
Retained Earnings 10,910.00 10,649.00 9,692.00 8,819.00 8,832.00
Shareholders Funds 11,093.00 11,448.00 9,921.00 9,355.00 9,452.00
           
Minority Interests/Other Equity 100.00 106.00 83.00 84.00 98.00
Total Equity 11,193.00 11,554.00 10,004.00 9,439.00 9,550.00
Cash Flow 16-Sep-23 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19
Net Cash Flow From Operating Activities 1,654.00 1,153.00 1,413.00 1,753.00 1,509.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (906.00) (744.00) (561.00) (518.00) (731.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (1,282.00) (677.00) (512.00) (678.00) (691.00)
Net Increase/Decrease In Cash (534.00) (268.00) 340.00 557.00 87.00
Ratios - based on IFRS 16-Sep-23 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19
Continuing Operations          
PE Ratio - Adjusted 14.7 10.1 23.6 23.9 17.0
PEG - Adjusted 1.8 0.2 n/a n/a 8.5
Earnings per Share Growth - Adjusted 8% 64% -1% -41% 2%
Dividend Cover 3.00 3.00 3.00 n/a 2.97
Revenue per Share 2,538.56p 2,154.25p 17.74p 1,764.18p 2,003.04p
Pre-Tax Profit per Share 172.24p 136.38p 0.93p 86.83p 148.48p
Operating Margin 7.00% 6.29% 5.25% 5.40% 7.74%
Return on Capital Employed 10.35% 8.20% 0.07% 6.56% 13.54%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 14.7 10.1 2,337.2 23.9 21.1
PEG - Adjusted 1.8 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted 8% 16,112% -99% -27% -13%
Dividend Cover 3.00 3.00 0.03 n/a 2.40
           
Dividend Yield 2.3% 3.3% 1.4% 0.0% 2.0%
Dividend per Share Growth 8.24% 63.67% n/a n/a 3.00%
Operating Cash Flow per Share 212.60p 146.13p 178.86p 221.90p 191.01p
Cash Incr/Decr per Share (68.64p) (33.97p) 0.43p 70.51p 11.01p
Net Asset Value per Share (exc. Intangibles) 1,198.33p 1,227.63p 1,066.20p 988.61p 996.08p
Net Gearing 20.42% 15.44% 14.23% 22.61% -9.60%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

Top of Page