Associated British Foods (ABF)

Sector:

Food

Index:

FTSE 100

2,070.00p
   
  • Change Today:
    -16.00p
  • 52 Week High: 2,114.00p
  • 52 Week Low: 1,237.00p
  • Currency: UK Pounds
  • Shares Issued: 767.95m
  • Volume: 87,880
  • Market Cap: £15,897m
  • RiskGrade: 161

Dividend Data

  17-Sep-2218-Sep-2112-Sep-2014-Sep-1915-Sep-18
Interim Dividend13.80p6.20pn/a12.05p11.70p
Final Dividend29.90p20.50pn/a34.30p33.30p
Total Dividend43.70p40.50pn/a46.35p45.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19 15-Sep-18
Continuing Operations          
Revenue 16,997.00 13,884.00 13,937.00 15,824.00 15,574.00
Operating Profit/(Loss) 1,069.00 729.00 753.00 1,225.00 1,290.00
Net Interest (92.00) (102.00) (113.00) (15.00) (35.00)
Profit Before Tax 1,076.00 725.00 686.00 1,173.00 1,279.00
Profit After Tax 720.00 498.00 465.00 896.00 1,022.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 720.00 498.00 465.00 896.00 1,022.00
Attributable to:          
Equity Holders of Parent Company 700.00 478.00 455.00 878.00 1,007.00
Minority Interests 20.00 20.00 10.00 18.00 15.00
           
Continuing EPS          
Earnings per Share - Basic 88.60p 60.50p 57.60p 111.10p 127.50p
Earnings per Share - Diluted 88.60p 60.50p 57.60p 111.10p 127.50p
Earnings per Share - Adjusted 131.10p 80.10p 81.10p 137.50p 134.90p
Continuing and Discontinued EPS          
Earnings per Share - Basic 88.60p 60.50p 57.60p 111.10p 127.50p
Earnings per Share - Diluted 88.60p 60.50p 57.60p 111.10p 127.50p
Earnings per Share - Adjusted 131.10p 80.10p 81.10p 111.10p 127.50p
           
Dividend per Share 43.70p 26.70p n/a 46.35p 45.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19 15-Sep-18
Assets          
Non-Current Assets          
Property, Plant & Equipment 8,055.00 7,935.00 8,641.00 5,769.00 5,747.00
Intangible Assets 1,868.00 1,581.00 1,629.00 1,681.00 1,632.00
Investment Properties n/a n/a n/a n/a n/a
Investments 386.00 338.00 289.00 275.00 266.00
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 1,632.00 936.00 357.00 439.00 762.00
  11,941.00 10,790.00 10,916.00 8,164.00 8,407.00
Current Assets          
Inventories 3,259.00 2,151.00 2,150.00 2,386.00 2,187.00
Trade & Other Receivables 1,758.00 1,367.00 1,328.00 1,436.00 1,436.00
Cash at Bank & in Hand 2,121.00 2,275.00 1,996.00 1,495.00 1,362.00
Current Asset Investments 4.00 32.00 n/a 29.00 30.00
Other Current Assets 692.00 280.00 279.00 250.00 270.00
  7,834.00 6,105.00 5,753.00 5,596.00 5,285.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 19,775.00 16,895.00 16,669.00 13,760.00 13,692.00
           
Liabilities          
Current Liabilities          
Borrowings 473.00 619.00 451.00 227.00 419.00
Other Current Liabilities 3,580.00 2,663.00 2,702.00 2,841.00 2,829.00
  4,053.00 3,282.00 3,153.00 3,068.00 3,248.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 3,416.00 3,068.00 3,660.00 361.00 359.00
Provisions 673.00 394.00 251.00 315.00 376.00
Other Non-Current Liabilities 79.00 147.00 166.00 466.00 413.00
  4,168.00 3,609.00 4,077.00 1,142.00 1,148.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 8,221.00 6,891.00 7,230.00 4,210.00 4,396.00
           
Net Assets 11,554.00 10,004.00 9,439.00 9,550.00 9,296.00
           
Capital & Reserves          
Share Capital 45.00 45.00 45.00 45.00 45.00
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves 754.00 184.00 491.00 575.00 551.00
Retained Earnings 10,649.00 9,692.00 8,819.00 8,832.00 8,615.00
Shareholders Funds 11,448.00 9,921.00 9,355.00 9,452.00 9,211.00
           
Minority Interests/Other Equity 106.00 83.00 84.00 98.00 85.00
Total Equity 11,554.00 10,004.00 9,439.00 9,550.00 9,296.00
Cash Flow 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19 15-Sep-18
Net Cash Flow From Operating Activities 1,153.00 1,413.00 1,753.00 1,509.00 1,430.00
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 (744.00) (561.00) (518.00) (731.00) (1,000.00)
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 (677.00) (512.00) (678.00) (691.00) (533.00)
Net Increase/Decrease In Cash (268.00) 340.00 557.00 87.00 (103.00)
Ratios - based on IFRS 17-Sep-22 18-Sep-21 12-Sep-20 14-Sep-19 15-Sep-18
Continuing Operations          
PE Ratio - Adjusted 10.1 23.6 23.9 17.0 16.6
PEG - Adjusted 0.2 n/a n/a 8.5 2.8
Earnings per Share Growth - Adjusted 64% -1% -41% 2% 6%
Dividend Cover 3.00 3.00 n/a 2.97 3.00
Revenue per Share 2,154.25p 17.74p 1,764.18p 2,003.04p 1,971.39p
Pre-Tax Profit per Share 136.38p 0.93p 86.83p 148.48p 161.90p
Operating Margin 6.29% 5.25% 5.40% 7.74% 8.28%
Return on Capital Employed 8.20% 0.07% 6.56% 13.54% 14.90%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.1 2,337.2 23.9 21.1 17.5
PEG - Adjusted 0.0 n/a n/a n/a n/a
Earnings per Share Growth - Adjusted 16,112% -99% -27% -13% 0%
Dividend Cover 3.00 0.03 n/a 2.40 2.83
           
Dividend Yield 3.3% 1.4% 0.0% 2.0% 2.0%
Dividend per Share Growth 63.67% n/a n/a 3.00% 9.76%
Operating Cash Flow per Share 146.13p 178.86p 221.90p 191.01p 181.01p
Cash Incr/Decr per Share (33.97p) 0.43p 70.51p 11.01p (13.04p)
Net Asset Value per Share (exc. Intangibles) 1,227.63p 1,066.20p 988.61p 996.08p 970.13p
Net Gearing 15.44% 14.23% 22.61% -9.60% -6.34%

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.

 

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