Bakkavor Group (BAKK)

Sector:

Food

Index:

FTSE 250

108.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 109.00
  • 52 Week Low: 81.00
  • Currency: UK Pounds
  • Shares Issued: 579.43m
  • Volume: 16,852
  • Market Cap: £625.78m
  • RiskGrade: 195

Dividend Data

  30-Dec-2331-Dec-2230-Dec-2225-Dec-2126-Dec-20
Interim Dividend2.91p2.77pn/a2.64p2.00p
Final Dividend4.37p4.16pn/a3.96p4.00p
Total Dividend7.28p4.16p2.77p6.60p4.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Continuing Operations          
Revenue 2,203.80 2,139.20 2,139.20 1,871.60 1,793.50
Operating Profit/(Loss) 97.10 38.70 37.80 102.00 62.00
Net Interest (26.80) (20.80) (20.80) (17.10) (21.00)
Profit Before Tax 70.30 18.10 18.10 81.40 44.20
Profit After Tax 53.90 12.50 12.50 56.80 34.10
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 53.90 12.50 12.50 56.80 34.10
Attributable to:          
Equity Holders of Parent Company 53.90 12.50 12.50 56.80 34.10
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 9.40p 2.20p 2.20p 9.80p 5.90p
Earnings per Share - Diluted 9.20p 2.10p 2.10p 9.60p 5.80p
Earnings per Share - Adjusted 8.80p 9.50p 9.50p 10.40p 8.70p
Continuing and Discontinued EPS          
Earnings per Share - Basic 9.40p 2.20p 2.20p 9.80p 5.90p
Earnings per Share - Diluted 9.20p 2.10p 2.10p 9.60p 5.80p
Earnings per Share - Adjusted 8.80p 9.50p 9.50p 10.40p 8.70p
           
Dividend per Share 7.28p 6.93p 6.93p 6.60p 4.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 507.90 548.10 548.10 545.20 535.30
Intangible Assets 663.00 663.90 663.90 651.80 651.80
Investment Properties n/a n/a n/a n/a n/a
Investments 0.10 3.70 3.70 n/a n/a
Other Financial Assets 0.90 9.90 9.90 n/a n/a
Other Non-Current Assets 26.70 25.70 25.70 61.50 36.40
  1,198.60 1,251.30 1,251.30 1,258.50 1,223.50
Current Assets          
Inventories 71.30 86.20 86.20 70.80 63.80
Trade & Other Receivables 171.70 161.00 161.00 142.80 136.40
Cash at Bank & in Hand 36.60 40.20 40.20 31.10 24.80
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 2.10 2.70 2.70 0.30 0.70
  281.70 290.10 290.10 245.00 225.70
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,480.30 1,541.40 1,541.40 1,503.50 1,449.20
           
Liabilities          
Current Liabilities          
Borrowings 37.00 24.40 24.40 13.80 34.30
Other Current Liabilities 461.90 23.40 453.40 402.30 379.50
  498.90 47.80 477.80 416.10 413.80
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 318.90 395.10 395.10 391.40 402.30
Provisions 54.10 50.70 50.70 54.90 34.10
Other Non-Current Liabilities 0.80 n/a n/a 0.40 0.90
  373.80 445.80 445.80 446.70 437.30
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 872.70 923.60 923.60 862.80 851.10
           
Net Assets 607.60 617.80 617.80 640.70 598.10
           
Capital & Reserves          
Share Capital 11.60 11.60 11.60 11.60 11.60
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves (101.40) (80.00) (80.00) (102.00) (106.80)
Retained Earnings 697.40 686.20 686.20 731.10 693.30
Shareholders Funds 607.60 617.80 617.80 640.70 598.10
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 607.60 617.80 617.80 640.70 598.10
Cash Flow 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Net Cash Flow From Operating Activities 147.70 127.10 127.10 144.00 88.50
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 (36.90) (63.70) (63.70) (54.90) (56.20)
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 (113.30) (55.40) (55.40) (83.00) (33.20)
Net Increase/Decrease In Cash (2.50) 8.00 8.00 6.10 (0.90)
Ratios - based on IFRS 30-Dec-23 31-Dec-22 30-Dec-22 25-Dec-21 26-Dec-20
Continuing Operations          
PE Ratio - Adjusted 9.2 10.1 10.1 12.8 9.2
PEG - Adjusted n/a n/a n/a 0.6 n/a
Earnings per Share Growth - Adjusted -7% n/a -9% 20% -16%
Dividend Cover 1.21 1.37 1.37 1.58 2.17
Revenue per Share 382.52p 135,187.06p 370.38p 3.26p 309.53p
Pre-Tax Profit per Share 12.20p 1,143.83p 3.13p 0.14p 7.63p
Operating Margin 4.41% 1.81% 1.77% 5.45% 3.46%
Return on Capital Employed 27.38% 3,347.91% 9.17% 0.22% 15.64%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.2 0.0 10.1 1,272.7 9.2
PEG - Adjusted n/a 0.0 0.0 n/a n/a
Earnings per Share Growth - Adjusted -100% 36,400% 8,950% -99% -16%
Dividend Cover 1.21 500.36 1.37 0.02 2.17
           
Dividend Yield 9.0% 7.2% 7.2% 4.9% 5.0%
Dividend per Share Growth 5.05% n/a 5.00% 65.00% 100.00%
Operating Cash Flow per Share 25.64p 22.01p 22.01p 24.85p 15.27p
Cash Incr/Decr per Share (0.43p) 505.56p 1.39p 0.011p (0.15p)
Net Asset Value per Share (exc. Intangibles) (9.62p) (7.98p) (7.98p) (1.92p) (9.27p)
Net Gearing 52.55% 61.40% 61.40% 58.39% 68.85%

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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