Bakkavor Group (BAKK)

Sector:

Food

Index:

FTSE 250

116.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 116.00
  • 52 Week Low: 81.00
  • Currency: UK Pounds
  • Shares Issued: 579.43m
  • Volume: 61,304
  • Market Cap: £672.13m
  • RiskGrade: 195

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Annualisation Factor 1.0 365.0 1.0 n/a 0.5
Dividend Yield 9.0% 7.2% 7.2% 4.9% 5.0%
           
Continuing Operations          
PE Ratio - Adjusted 9.2 10.1 10.1 12.8 9.2
PE Ratio - Diluted 8.8
9.3		 45.8
11.1		 45.8
12.9		 13.9
13.1		 13.8
13.7
PEG - Adjusted n/a n/a n/a 0.6 n/a
PEG - Diluted 0.0
n/a		 n/a
0.7		 n/a
n/a		 0.2
0.2		 n/a
n/a
Return on Capital Employed 27.38%
19.04%		 3,347.91%
7,470.41%		 9.17%
11.65%		 0.22%
0.23%		 7.84%
7.84%
Operating Margin 3.19%
3.06%		 1.81%
4.05%		 0.85%
1.65%		 5.25%
5.46%		 3.63%
3.63%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.2 0.0 10.1 1,272.7 18.4
PE Ratio - Diluted 8.8
9.3		 0.1
0.0		 45.8
11.5		 1,378.7
1,299.8		 27.6
27.4
PEG - Adjusted n/a 0.0 0.0 n/a n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Net Gearing 52.55% 61.40% 61.40% 58.39% 68.85%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Price/Book Value (8.4) (12.0) (12.0) (69.7) (8.7)
Price/Tangible Book Value (8.4) (12.0) (12.0) (69.7) (8.7)
Price/ Cash Flow 3.2 4.4 4.4 5.4 5.3
Price/Revenue 0.21 n/a 0.26 40.98 0.52
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (9.62p) (7.98p) (7.98p) (1.92p) (9.27p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Continuing Operations          
Revenue 2,203.80 780,807.98 2,139.20 18.89 899.21
EBITDA 70.30
67.50		 39,310.50
56,794.00		 18.10
35.20		 1.65
1.69		 66.03
66.03
Depreciation n/a
n/a		 (25,185.00)
(25,185.00)		 n/a
n/a		 (0.66)
(0.66)		 (33.39)
(33.39)
Net Interest n/a
n/a		 (7,592.00)
(7,592.00)		 n/a
n/a		 (0.17)
(0.17)		 (10.53)
(10.53)
Profit Before Tax 70.30
67.50		 6,606.50
24,090.00		 18.10
49.40		 0.82
0.86		 22.16
22.16
           
Revenue per Share 382.52p 135,187.06p 370.38p 3.26p 155.19p
Pre-Tax Profit per Share 12.20p
11.72p		 1,143.83p
4,170.88p		 3.13p
8.55p		 0.14p
0.15p		 3.83p
3.83p
Market Capitalisation £ (Millions) 469.33 556.83 556.83 774.11 465.28
Enterprise Value (EV) £ (Millions) 823.13 973.63 973.63 1,179.01 901.18
EBITDA/EV 8.54%
8.20%		 4,037.53%
5,833.23%		 1.86%
3.62%		 0.14%
0.14%		 7.33%
7.33%
Operating Margin 3.19%
3.06%		 1.81%
4.05%		 0.85%
1.65%		 5.25%
5.46%		 3.63%
3.63%
Capital Employed £ (Millions) 354.60 424.10 424.10 449.00 417.00
Return on Capital Employed 27.38%
19.04%		 3,347.91%
7,470.41%		 9.17%
11.65%		 0.22%
0.23%		 7.84%
7.84%
Invested Equity Capital £ (Millions) 661.70 668.50 668.50 695.60 632.20
           
Earnings per Share - Basic 9.40p
8.87p		 2.20p
8.83p		 2.20p
7.58p		 9.80p
10.36p		 5.90p
5.88p
Earnings per Share - Diluted 9.20p
8.68p		 2.10p
8.68p		 2.10p
7.46p		 9.60p
10.18p		 5.80p
5.84p
Earnings per Share - Adjusted 8.80p 9.50p 9.50p 10.40p 8.70p
Earnings per Share Growth - Basic 327%
0%		 n/a
16%		 -78%
-27%		 66%
76%		 -49%
-57%
Earnings per Share Growth - Diluted 338%
-0%		 n/a
16%		 -78%
-27%		 66%
74%		 -50%
-57%
Earnings per Share Growth - Adjusted -7% n/a -9% 20% -40%
PE Ratio - Diluted 8.8
9.3		 45.8
11.1		 45.8
12.9		 13.9
13.1		 13.8
13.7
PEG - Diluted 0.0
n/a		 n/a
0.7		 n/a
n/a		 0.2
0.2		 n/a
n/a
Tax Rate 23.33% 31.28% 30.94% 30.33% 22.90%
Dividend Cover 1.21
1.22		 1.37
1.27		 1.37
1.09		 1.58
1.57		 2.17
1.47
Interest Cover n/a
n/a		 1.87
4.17		 n/a
n/a		 5.76
5.99		 3.10
3.10
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 9.40p
8.87p		 803.00p
3,222.95p		 2.20p
8.50p		 0.099p
0.10p		 2.96p
2.95p
Earnings per Share - Diluted 9.20p
8.68p		 766.50p
3,169.36p		 2.10p
8.36p		 0.097p
0.10p		 2.91p
2.93p
Earnings per Share - Adjusted 8.80p 3,467.50p 9.50p 0.10p 4.36p
Earnings per Share Growth - Basic -99%
-100%		 36,400%
37,812%		 2,124%
8,033%		 -97%
-96%		 -74%
-78%
Earnings per Share Growth - Diluted -99%
-100%		 36,400%
37,812%		 2,067%
8,033%		 -97%
-96%		 -75%
-79%
Earnings per Share Growth - Adjusted -100% 36,400% 8,950% -98% -70%
PE Ratio - Diluted 8.8
9.3		 0.1
0.0		 45.8
11.5		 1,378.7
1,299.8		 27.6
27.4
PEG - Diluted n/a
n/a		 0.0
0.0		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 1.21
1.22		 500.36
465.07		 1.37
1.23		 0.02
0.02		 1.09
0.74
Return on Equity (ROE) 8.15%
7.72%		 682.50%
2,784.59%		 1.87%
7.34%		 0.08%
0.09%		 2.70%
2.70%
Operating Cash Flow per Share 25.64p 22.01p 22.01p 24.85p 15.27p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.43p) 505.56p 1.39p 0.011p (0.078p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 7.28p 6.93p 6.93p 6.60p 4.00p
Dividend per Share Growth 5.05% n/a 5.00% 65.00% (33.33%)
Dividend Yield 9.0% 7.2% 7.2% 4.9% 5.0%
Shareholders Funds 607.60 617.80 617.80 640.70 598.10
Net Borrowings £ (Millions) 319.30 379.30 379.30 374.10 411.80
Net Asset Value per Share (inc. Intangibles) (9.62p) (7.98p) (7.98p) (1.92p) (9.27p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Shareholders' Funds inc Intangibles 607.60 617.80 617.80 640.70 598.10
Net Borrowings £ (Millions) 319.30 379.30 379.30 374.10 411.80
Net Gearing 52.55% 61.40% 61.40% 58.39% 68.85%
Cash & Near Cash 36.60 40.20 40.20 31.10 24.80
Cash 6.02% 6.51% 6.51% 4.85% 4.15%
Gross Borrowings 355.90 419.50 419.50 405.20 436.60
Gross Gearing 58.57% 67.90% 67.90% 63.24% 73.00%
Borrowings Under 5 years 355.90 419.50 419.50 405.20 436.60
Under 5 years 58.57% 67.90% 67.90% 63.24% 73.00%
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 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Shareholders' Funds exc Intangibles (55.40) (46.10) (46.10) (11.10) (53.70)
Net Borrowings £ (Millions) 319.30 379.30 379.30 374.10 411.80
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 36.60 40.20 40.20 31.10 24.80
Cash (66.06%) (87.20%) (87.20%) (280.18%) (46.18%)
Gross Borrowings 355.90 419.50 419.50 405.20 436.60
Gross Gearing 642.42% 909.98% 909.98% 3,650.46% 813.04%
Borrowings Under 5 years 355.90 419.50 419.50 405.20 436.60
Under 5 years (642.42%) (909.98%) (909.98%) (3,650.46%) (813.04%)
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 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Quick Ratio 0.42 0.43 0.43 0.42 0.39
Current Ratio 0.56 0.61 0.61 0.59 0.55

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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