Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

897.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 985.00
  • 52 Week Low: 637.00
  • Currency: UK Pounds
  • Shares Issued: 89.70m
  • Volume: 25,827
  • Market Cap: £804.63m
  • RiskGrade: 184

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 01-Jan-23 02-Jan-22 03-Jan-21 29-Dec-19
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 4.0% 5.3% 2.6% 2.3% 2.0%
           
Continuing Operations          
PE Ratio - Adjusted 15.2 12.4 18.6 20.1 23.8
PE Ratio - Diluted 19.9
18.5		 28.3
14.8		 25.6
20.4		 23.3
22.6		 27.3
16.4
PEG - Adjusted 0.9 n/a 1.7 1.0 2.6
PEG - Diluted 0.2
1.2		 n/a
n/a		 n/a
1.6		 1.2
n/a		 13.6
0.2
Return on Capital Employed 12.79%
13.18%		 7.66%
9.94%		 9.41%
10.74%		 0.08%
0.11%		 11.03%
15.37%
Operating Margin 2.17%
2.17%		 1.44%
1.86%		 1.89%
2.19%		 2.41%
2.43%		 3.07%
4.28%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 15.2 12.4 18.6 1,991.8 23.7
PE Ratio - Diluted 19.9
18.5		 28.3
14.8		 25.6
20.4		 2,303.6
2,234.7		 27.1
16.3
PEG - Adjusted 0.9 n/a 0.0 n/a 2.6
PEG - Diluted 0.2
1.2		 n/a
n/a		 0.0
0.0		 n/a
n/a		 13.6
0.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 01-Jan-23 02-Jan-22 03-Jan-21 29-Dec-19
Net Gearing 118.13% 155.50% 108.81% 165.55% 145.77%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 01-Jan-23 02-Jan-22 03-Jan-21 29-Dec-19
Price/Book Value 4.3 3.4 4.6 6.0 7.3
Price/Tangible Book Value 4.6 3.7 4.8 6.0 7.7
Price/ Cash Flow 4.3 8.3 10.9 9.9 12.7
Price/Revenue 0.18 0.13 0.28 32.55 0.49
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 184.66p 162.31p 245.19p 185.58p 149.88p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 01-Jan-23 02-Jan-22 03-Jan-21 29-Dec-19
Continuing Operations          
Revenue 3,989.55 3,847.60 3,301.97 28.01 1,824.67
EBITDA 166.14
166.14		 133.03
120.96		 129.08
139.22		 1.26
1.27		 56.08
78.15
Depreciation (79.43)
(79.43)		 (77.77)
(49.55)		 (66.78)
(66.78)		 (0.59)
(0.59)		 n/a
n/a
Net Interest (37.49)
(37.49)		 (24.41)
(24.41)		 (14.90)
(16.03)		 (0.13)
(0.13)		 (12.68)
(12.68)
Profit Before Tax 48.64
51.29		 29.61
45.77		 47.40
56.40		 0.55
0.55		 43.39
65.47
           
Revenue per Share 4,455.40p 4,311.81p 4,004.52p 34.22p 2,234.33p
Pre-Tax Profit per Share 54.32p
57.28p		 33.19p
51.29p		 57.48p
68.40p		 0.67p
0.68p		 53.14p
80.16p
Market Capitalisation £ (Millions) 716.82 498.14 1,014.21 912.80 894.07
Enterprise Value (EV) £ (Millions) 1,206.48 1,037.09 1,475.99 1,404.03 1,276.04
EBITDA/EV 13.77%
13.77%		 12.83%
11.66%		 8.75%
9.43%		 0.09%
0.09%		 4.39%
6.12%
Operating Margin 2.17%
2.17%		 1.44%
1.86%		 1.89%
2.19%		 2.41%
2.43%		 3.07%
4.28%
Capital Employed £ (Millions) 673.39 705.70 674.43 645.48 508.49
Return on Capital Employed 12.79%
13.18%		 7.66%
9.94%		 9.41%
10.74%		 0.08%
0.11%		 11.03%
15.37%
Invested Equity Capital £ (Millions) 325.05 310.28 301.40 224.32 190.35
           
Earnings per Share - Basic 40.60p
43.59p		 19.80p
37.94p		 45.00p
55.97p		 48.60p
49.38p		 40.50p
67.37p
Earnings per Share - Diluted 40.20p
43.16p		 19.70p
37.65p		 44.50p
55.97p		 47.90p
49.38p		 40.10p
66.69p
Earnings per Share - Adjusted 52.80p 45.10p 61.30p 55.40p 46.00p
Earnings per Share Growth - Basic 105%
15%		 -56%
-32%		 -7%
13%		 20%
-27%		 2%
69%
Earnings per Share Growth - Diluted 104%
15%		 -56%
-33%		 -7%
13%		 20%
-26%		 2%
69%
Earnings per Share Growth - Adjusted 17% -26% 11% 20% 9%
PE Ratio - Diluted 19.9
18.5		 28.3
14.8		 25.6
20.4		 23.3
22.6		 27.3
16.4
PEG - Diluted 0.2
1.2		 n/a
n/a		 n/a
1.6		 1.2
n/a		 13.6
0.2
Tax Rate 21.62% 32.81% 17.12% 22.19% 18.53%
Dividend Cover 1.65
1.36		 1.52
1.28		 2.06
1.88		 2.13
1.90		 2.15
3.15
Interest Cover (84.18)
(88.83)		 (82.19)
(127.55)		 4.18
4.52		 5.20
5.25		 4.40
6.12
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 40.60p
43.59p		 19.80p
37.94p		 45.00p
55.97p		 0.49p
0.50p		 40.72p
67.74p
Earnings per Share - Diluted 40.20p
43.16p		 19.70p
37.65p		 44.50p
55.97p		 0.48p
0.50p		 40.32p
67.05p
Earnings per Share - Adjusted 52.80p 45.10p 61.30p 0.56p 46.25p
Earnings per Share Growth - Basic 105%
15%		 -56%
-32%		 9,072%
11,127%		 -99%
-99%		 2%
70%
Earnings per Share Growth - Diluted 104%
15%		 -56%
-33%		 9,102%
11,127%		 -99%
-99%		 2%
70%
Earnings per Share Growth - Adjusted 17% -26% 10,860% -99% 9%
PE Ratio - Diluted 19.9
18.5		 28.3
14.8		 25.6
20.4		 2,303.6
2,234.7		 27.1
16.3
PEG - Diluted 0.2
1.2		 n/a
n/a		 0.0
0.0		 n/a
n/a		 13.6
0.2
Dividend Cover 1.65
1.36		 1.52
1.28		 2.06
1.88		 0.02
0.02		 2.16
3.17
Return on Equity (ROE) 11.19%
12.01%		 5.71%
10.91%		 12.32%
15.31%		 0.18%
0.18%		 17.47%
29.06%
Operating Cash Flow per Share 186.43p 66.86p 104.30p 112.00p 86.03p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 45.55p (61.16p) 23.95p 0.13p 40.14p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 32.00p 29.70p 29.70p 26.00p 21.40p
Dividend per Share Growth 7.74% n/a 14.23% 21.50% n/a
Dividend Yield 4.0% 5.3% 2.6% 2.3% 2.0%
Shareholders Funds 310.31 294.36 301.40 221.94 186.23
Net Borrowings £ (Millions) 366.58 457.72 327.96 367.42 271.46
Net Asset Value per Share (inc. Intangibles) 172.19p 150.03p 237.25p 185.58p 142.89p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 01-Jan-23 02-Jan-22 03-Jan-21 29-Dec-19
Shareholders' Funds inc Intangibles 310.31 294.36 301.40 221.94 186.23
Net Borrowings £ (Millions) 366.58 457.72 327.96 367.42 271.46
Net Gearing 118.13% 155.50% 108.81% 165.55% 145.77%
Cash & Near Cash 126.71 87.22 140.17 123.82 110.51
Cash 40.83% 29.63% 46.51% 55.79% 59.34%
Gross Borrowings 493.29 544.95 468.13 491.23 381.97
Gross Gearing 158.97% 185.13% 155.32% 221.34% 205.11%
Borrowings Under 5 years 493.29 544.95 468.13 491.23 381.97
Under 5 years 158.97% 185.13% 155.32% 221.34% 205.11%
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 31-Dec-23 01-Jan-23 02-Jan-22 03-Jan-21 29-Dec-19
Shareholders' Funds exc Intangibles 154.19 133.88 195.63 151.87 116.69
Net Borrowings £ (Millions) 366.58 457.72 327.96 367.42 271.46
Net Gearing 237.75% 341.89% 167.65% 241.93% 232.63%
Cash & Near Cash 126.71 87.22 140.17 123.82 110.51
Cash 82.18% 65.15% 71.65% 81.53% 94.71%
Gross Borrowings 493.29 544.95 468.13 491.23 381.97
Gross Gearing 319.93% 407.04% 239.30% 323.46% 327.34%
Borrowings Under 5 years 493.29 544.95 468.13 491.23 381.97
Under 5 years 319.93% 407.04% 239.30% 323.46% 327.34%
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 31-Dec-23 01-Jan-23 02-Jan-22 03-Jan-21 29-Dec-19
Quick Ratio 0.81 0.77 0.60 0.85 0.82
Current Ratio 1.17 1.21 0.85 1.15 1.05

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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