Premier Foods (PFD)

Sector:

Food

Index:

FTSE 250

166.60p
   
  • Change Today:
    -0.40p
  • 52 Week High: 167.60
  • 52 Week Low: 113.20
  • Currency: UK Pounds
  • Shares Issued: 868.80m
  • Volume: 1,259,824
  • Market Cap: £1,447.41m
  • RiskGrade: 174

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 01-Apr-23 02-Apr-22 03-Apr-21 28-Mar-20 31-Dec-10
Annualisation Factor 1.0 1.0 n/a 0.1 1.0
Dividend Yield 1.2% 1.0% 1.1% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted 9.5 10.1 8.4 2.8 4.6
PE Ratio - Diluted 11.7
12.6		 13.1
10.8		 7.8
7.4		 4.5
2.8		 96.4
16.1
PEG - Adjusted 0.8 3.4 0.3 n/a n/a
PEG - Diluted 0.7
n/a		 n/a
n/a		 0.1
0.2		 0.0
0.2		 n/a
2.7
Return on Capital Employed 13.84%
15.93%		 11.62%
15.08%		 0.24%
0.24%		 0.69%
0.98%		 72.79%
123.50%
Operating Margin 13.14%
15.11%		 14.56%
16.69%		 16.11%
16.63%		 11.25%
15.94%		 2.23%
7.73%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.7 13.1 836.6 25.5 4.6
PE Ratio - Diluted 11.7
11.7		 13.1
10.8		 768.1
733.8		 42.0
25.6		 n/a
31.0
PEG - Adjusted 0.7 0.0 n/a n/a n/a
PEG - Diluted 0.7
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 01-Apr-23 02-Apr-22 03-Apr-21 28-Mar-20 31-Dec-10
Net Gearing 19.54% 18.93% 28.11% 25.57% 129.37%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 01-Apr-23 02-Apr-22 03-Apr-21 28-Mar-20 31-Dec-10
Price/Book Value 2.4 1.7 3.7 0.3 (2.7)
Price/Tangible Book Value 2.4 1.7 3.7 0.3 (2.7)
Price/ Cash Flow 12.0 11.0 9.4 2.4 16.8
Price/Revenue 1.04 1.10 84.24 2.26 1.36
Price/R&D n/a n/a n/a n/a 285.7
Net Asset Value per Share (exc. Intangibles) 50.08p 66.07p 25.89p 81.82p (46.86p)
Net Cash per Share n/a n/a n/a n/a 0.44p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 01-Apr-23 02-Apr-22 03-Apr-21 28-Mar-20 31-Dec-10
Continuing Operations          
Revenue 1,006.40 900.50 9.56 91.61 2,234.40
EBITDA 177.70
197.60		 177.30
196.50		 2.04
2.09		 15.64
19.93		 302.00
299.30
Depreciation (45.50)
(45.50)		 (46.20)
(46.20)		 (0.50)
(0.50)		 (5.33)
(5.33)		 (252.20)
(126.50)
Net Interest (19.80)
(19.80)		 (28.50)
(28.50)		 (0.30)
(0.30)		 (4.51)
(4.51)		 (148.10)
(150.60)
Profit Before Tax 112.40
132.30		 102.60
141.60		 1.24
1.29		 5.80
10.09		 28.50
149.00
           
Revenue per Share 116.86p 104.86p 1.12p 10.82p 93.18p
Pre-Tax Profit per Share 13.05p
15.36p		 11.95p
16.49p		 0.15p
0.15p		 0.69p
1.19p		 1.19p
6.21p
Market Capitalisation £ (Millions) 1,059.08 997.38 808.95 207.81 3,028.84
Enterprise Value (EV) £ (Millions) 1,397.48 1,334.58 1,145.75 814.41 3,903.04
EBITDA/EV 12.72%
14.14%		 13.29%
14.72%		 0.18%
0.18%		 1.92%
2.45%		 7.74%
7.67%
Operating Margin 13.14%
15.11%		 14.56%
16.69%		 16.11%
16.63%		 11.25%
15.94%		 2.23%
7.73%
Capital Employed £ (Millions) 955.00 1,128.20 651.50 1,494.70 242.60
Return on Capital Employed 13.84%
15.93%		 11.62%
15.08%		 0.24%
0.24%		 0.69%
0.98%		 72.79%
123.50%
Invested Equity Capital £ (Millions) 1,590.50 1,728.10 1,277.80 1,874.50 1,073.90
           
Earnings per Share - Basic 10.60p
9.92p		 9.00p
10.88p		 12.50p
13.03p		 5.50p
8.93p		 1.31p
7.87p
Earnings per Share - Diluted 10.40p
9.70p		 8.80p
10.66p		 12.20p
12.77p		 5.40p
8.85p		 1.31p
7.87p
Earnings per Share - Adjusted 12.90p 11.50p 11.20p 8.90p 27.51p
Earnings per Share Growth - Basic 18%
-9%		 -28%
-16%		 127%
46%		 320%
14%		 -88%
6%
Earnings per Share Growth - Diluted 18%
-9%		 -28%
-16%		 126%
44%		 312%
12%		 -88%
6%
Earnings per Share Growth - Adjusted 12% 3% 26% -68% -18%
PE Ratio - Diluted 11.7
12.6		 13.1
10.8		 7.8
7.4		 4.5
2.8		 96.4
16.1
PEG - Diluted 0.7
n/a		 n/a
n/a		 0.1
0.2		 0.0
0.2		 n/a
2.7
Tax Rate 18.51% 24.46% 13.68% 13.25% (40.70%)
Dividend Cover 8.96
6.89		 9.58
9.06		 11.20
13.03		 n/a
n/a		 n/a
n/a
Interest Cover 6.18
7.10		 4.54
5.88		 4.39
4.53		 2.22
3.12		 1.18
1.94
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 10.60p
10.64p		 9.00p
10.88p		 0.13p
0.13p		 0.59p
0.97p		 (26.86p)
4.08p
Earnings per Share - Diluted 10.40p
10.40p		 8.80p
10.66p		 0.12p
0.13p		 0.58p
0.96p		 (26.86p)
4.08p
Earnings per Share - Adjusted 10.40p 8.80p 0.11p 0.96p 27.52p
Earnings per Share Growth - Basic 18%
-2%		 7,032%
8,170%		 -79%
-86%		 n/a
-76%		 n/a
-45%
Earnings per Share Growth - Diluted 18%
-2%		 7,045%
8,173%		 -79%
-86%		 n/a
-76%		 n/a
-45%
Earnings per Share Growth - Adjusted 18% 7,683% -88% -96% -21%
PE Ratio - Diluted 11.7
11.7		 13.1
10.8		 768.1
733.8		 42.0
25.6		 n/a
31.0
PEG - Diluted 0.7
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 7.22
7.39		 7.33
9.06		 0.11
0.13		 n/a
n/a		 n/a
n/a
Return on Equity (ROE) 5.76%
5.76%		 4.48%
5.40%		 0.08%
0.09%		 0.27%
0.44%		 (9.25%)
9.11%
Operating Cash Flow per Share 10.12p 10.49p 10.05p 10.15p 7.53p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 1.06p 6.20p (0.21p) 1.92p (0.55p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 1.44p 1.20p 1.00p n/a n/a
Dividend per Share Growth 20.00% 20.00% n/a n/a n/a
Dividend Yield 1.2% 1.0% 1.1% 0.0% 0.0%
Shareholders Funds 1,406.00 1,506.90 1,183.60 1,680.00 989.40
Net Borrowings £ (Millions) 274.80 285.30 332.70 429.60 1,280.00
Net Asset Value per Share (inc. Intangibles) 50.08p 66.07p 25.89p 81.82p (46.87p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 01-Apr-23 02-Apr-22 03-Apr-21 28-Mar-20 31-Dec-10
Shareholders' Funds inc Intangibles 1,406.00 1,506.90 1,183.60 1,680.00 989.40
Net Borrowings £ (Millions) 274.80 285.30 332.70 429.60 1,280.00
Net Gearing 19.54% 18.93% 28.11% 25.57% 129.37%
Cash & Near Cash 64.40 54.30 4.20 177.90 1.90
Cash 4.58% 3.60% 0.35% 10.59% 0.19%
Gross Borrowings 339.20 339.60 336.90 607.50 1,281.90
Gross Gearing 24.13% 22.54% 28.46% 36.16% 129.56%
Borrowings Under 5 years 339.20 339.60 336.90 607.50 1,281.90
Under 5 years 24.13% 22.54% 28.46% 36.16% 129.56%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 01-Apr-23 02-Apr-22 03-Apr-21 28-Mar-20 31-Dec-10
Shareholders' Funds exc Intangibles 431.30 567.40 220.40 692.70 (1,123.90)
Net Borrowings £ (Millions) 274.80 285.30 332.70 429.60 1,280.00
Net Gearing 63.71% 50.28% 150.95% 62.02% n/a
Cash & Near Cash 64.40 54.30 4.20 177.90 1.90
Cash 14.93% 9.57% 1.91% 25.68% (0.17%)
Gross Borrowings 339.20 339.60 336.90 607.50 1,281.90
Gross Gearing 78.65% 59.85% 152.86% 87.70% 114.06%
Borrowings Under 5 years 339.20 339.60 336.90 607.50 1,281.90
Under 5 years 78.65% 59.85% 152.86% 87.70% (114.06%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 01-Apr-23 02-Apr-22 03-Apr-21 28-Mar-20 31-Dec-10
Quick Ratio 0.62 0.59 0.33 0.78 0.77
Current Ratio 0.97 0.89 0.59 0.98 0.90

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

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: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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