Associated British Foods (ABF)

Sector:

Food

Index:

FTSE 100

2,050.00p
   
  • Change Today:
      75.00p
  • 52 Week High: 2,708.00
  • 52 Week Low: 1,607.50
  • Currency: UK Pounds
  • Shares Issued: 791.67m
  • Volume: 1,169,001
  • Market Cap: £16,229m
  • RiskGrade: 280

Dividend Data

  14-Sep-1915-Sep-1816-Sep-1717-Sep-1612-Sep-15
Interim Dividend12.05p11.70p11.35p10.30p10.00p
Final Dividend34.30p33.30p29.65p26.45p25.00p
Total Dividend46.35p45.00p41.00p36.75p35.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 14-Sep-19 15-Sep-18 16-Sep-17 17-Sep-16 12-Sep-15
Continuing Operations          
Revenue 15,824.00 15,574.00 15,357.00 13,399.00 12,800.00
Operating Profit/(Loss) 1,225.00 1,290.00 1,273.00 1,046.00 889.00
Net Interest (27.00) (35.00) (50.00) (50.00) (53.00)
Profit Before Tax 1,173.00 1,279.00 1,576.00 1,042.00 707.00
Profit After Tax 896.00 1,022.00 1,211.00 821.00 516.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 896.00 1,022.00 1,211.00 821.00 516.00
Attributable to:          
Equity Holders of Parent Company 878.00 1,007.00 1,198.00 818.00 528.00
Minority Interests 18.00 15.00 13.00 3.00 (12.00)
           
Continuing EPS          
Earnings per Share - Basic 111.10p 127.50p 151.60p 103.40p 66.80p
Earnings per Share - Diluted 111.10p 127.50p 151.60p 103.40p 66.80p
Earnings per Share - Adjusted 137.50p 134.90p 127.10p 106.20p 101.50p
Continuing and Discontinued EPS          
Earnings per Share - Basic 111.10p 127.50p 151.60p 103.40p 66.80p
Earnings per Share - Diluted 111.10p 127.50p 151.60p 103.40p 66.80p
Earnings per Share - Adjusted 111.10p 127.50p 127.10p 106.20p 101.50p
           
Dividend per Share 46.35p 45.00p 41.00p 36.75p 35.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 14-Sep-19 15-Sep-18 16-Sep-17 17-Sep-16 12-Sep-15
Assets          
Non-Current Assets          
Property, Plant & Equipment 5,769.00 5,747.00 5,470.00 5,145.00 4,518.00
Intangible Assets 1,681.00 1,632.00 1,414.00 1,348.00 1,367.00
Investment Properties n/a n/a n/a n/a n/a
Investments 275.00 266.00 254.00 260.00 212.00
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 439.00 762.00 482.00 186.00 273.00
  8,164.00 8,407.00 7,620.00 6,939.00 6,370.00
Current Assets          
Inventories 2,386.00 2,187.00 2,101.00 2,033.00 1,827.00
Trade & Other Receivables 1,436.00 1,436.00 1,342.00 1,337.00 1,176.00
Cash at Bank & in Hand 1,495.00 1,362.00 1,550.00 555.00 702.00
Current Asset Investments 29.00 30.00 n/a n/a n/a
Other Current Assets 250.00 270.00 197.00 512.00 144.00
  5,596.00 5,285.00 5,190.00 4,437.00 3,849.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 13,760.00 13,692.00 12,810.00 11,376.00 10,219.00
           
Liabilities          
Current Liabilities          
Borrowings 227.00 419.00 265.00 245.00 319.00
Other Current Liabilities 2,841.00 2,829.00 2,888.00 2,715.00 2,423.00
  3,068.00 3,248.00 3,153.00 2,960.00 2,742.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 361.00 359.00 612.00 640.00 577.00
Provisions 315.00 376.00 258.00 173.00 248.00
Other Non-Current Liabilities 466.00 413.00 375.00 481.00 141.00
  1,142.00 1,148.00 1,245.00 1,294.00 966.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 4,210.00 4,396.00 4,398.00 4,254.00 3,708.00
           
Net Assets 9,550.00 9,296.00 8,412.00 7,122.00 6,511.00
           
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 575.00 551.00 600.00 586.00 44.00
Retained Earnings 8,832.00 8,615.00 7,694.00 6,423.00 6,232.00
Shareholders Funds 9,452.00 9,211.00 8,339.00 7,054.00 6,321.00
           
Minority Interests/Other Equity 98.00 85.00 73.00 68.00 190.00
Total Equity 9,550.00 9,296.00 8,412.00 7,122.00 6,511.00
Cash Flow 14-Sep-19 15-Sep-18 16-Sep-17 17-Sep-16 12-Sep-15
Net Cash Flow From Operating Activities 1,509.00 1,430.00 1,641.00 1,310.00 1,175.00
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 (731.00) (1,000.00) (367.00) (756.00) (548.00)
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 (691.00) (533.00) (335.00) (719.00) (440.00)
Net Increase/Decrease In Cash 87.00 (103.00) 939.00 (165.00) 187.00
Ratios - based on IFRS 14-Sep-19 15-Sep-18 16-Sep-17 17-Sep-16 12-Sep-15
Continuing Operations          
PE Ratio - Adjusted 17.0 16.6 24.8 25.5 30.4
PEG - Adjusted 8.5 2.8 1.2 5.1 n/a
Earnings per Share Growth - Adjusted 2% 6% 20% 5% -2%
Dividend Cover 2.97 3.00 3.10 2.89 2.90
Revenue per Share 1,998.80p 1,971.39p 1,943.92p 1,693.93p 1,620.25p
Pre-Tax Profit per Share 148.17p 161.90p 199.49p 131.73p 89.49p
Operating Margin 7.74% 8.28% 8.29% 7.81% 6.95%
Return on Capital Employed 13.68% 14.90% 19.99% 15.98% 12.09%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 21.1 17.5 24.8 25.5 30.4
PEG - Adjusted n/a n/a 1.2 5.1 n/a
Earnings per Share Growth - Adjusted -13% 0% 20% 5% -2%
Dividend Cover 2.40 2.83 3.10 2.89 2.90
           
Dividend Yield 2.0% 2.0% 1.3% 1.4% 1.1%
Dividend per Share Growth 3.00% 9.76% 11.56% 5.00% 2.94%
Operating Cash Flow per Share 190.61p 181.01p 207.72p 165.61p 148.73p
Cash Incr/Decr per Share 10.99p (13.04p) 118.86p (20.86p) 23.67p
Net Asset Value per Share (exc. Intangibles) 993.97p 970.13p 885.82p 729.96p 651.14p
Net Gearing -9.60% -6.34% -8.07% 4.68% 3.07%

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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