Tate & Lyle (TATE)

Sector:

Food

Index:

FTSE 250

699.00p
   
  • Change Today:
    -17.00p
  • 52 Week High: 799.50
  • 52 Week Low: 591.00
  • Currency: UK Pounds
  • Shares Issued: 401.70m
  • Volume: 954,484
  • Market Cap: £2,807.91m
  • RiskGrade: 93

Income Statement - Normalised

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 1,751.00 1,375.00 1,211.00 2,882.00 2,755.00
           
EBITDA 243.00 260.00 322.00 324.00 460.00
Depreciation & Amortisation (95.00) (100.00) (175.00) n/a (152.00)
           
Operating Profit/(Loss) 148.00 160.00 147.00 324.00 308.00
Interest Payable (32.00) (26.00) (27.00) 5.00 (31.00)
Interest Receivable/Investment Income 12.00 1.00 1.00 (33.00) 5.00
           
Group Profit after Interest 128.00 135.00 121.00 296.00 282.00
Share of Assoc Cos/JV Profits 24.00 n/a n/a n/a 30.00
           
Profit Before Tax 152.00 135.00 121.00 296.00 312.00
Tax (50.00) (28.00) (8.00) (51.00) (66.00)
           
Profit After Tax 102.00 107.00 113.00 245.00 246.00
           
Discontinued Operations          
Profit After Tax 63.00 210.00 164.00 n/a n/a
           
PROFIT FOR PERIOD 165.00 317.00 277.00 245.00 246.00
           
Attributable to:          
Equity Holders of Parent Company 165.00 317.00 277.00 245.00 246.00
Minority Interests n/a n/a n/a n/a n/a
           
Equity Dividends cn/a cn/a cn/a cn/a cn/a
Retained Profit/(Loss) for the Financial Year c165.00 c317.00 c277.00 c245.00 c246.00


Per Share Record - Normalised 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing EPS          
Earnings per Share - Basic 25.24p 23.01p 24.34p 52.78p 53.18p
Earnings per Share - Diluted 24.79p 22.75p 24.07p 52.06p 52.40p
Earnings per Share - Adjusted 49.30p 24.90p 25.40p 52.80p 52.80p
Continuing and Discontinued EPS          
Earnings per Share - Basic 40.83p 68.16p 0.60p 52.78p 13.29p
Earnings per Share - Diluted 40.11p 67.39p 0.60p 52.06p 13.09p
Earnings per Share - Adjusted 48.90p 56.00p 61.90p 52.80p 52.80p
           
Dividend per Share 18.50p 21.80p 30.80p 29.60p 29.40p


Key Financals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Shares in Issue (millions)          
Shares in Issue - Year End 401.64 468.53 468.46 468.40 468.35
Weighted Average 404.10 465.10 464.20 464.20 462.60
Diluted 411.40 470.40 469.40 470.60 469.50
           
Performance Ratios          
Continuing Operations          
Operating Margin 8.45% 11.64% 12.14% 11.24% 11.18%
Return on Capital Employed 11.57% 7.68% 0.08% 17.67% 4.67%
Continuing Operations & Discontinued Operations          
Return on Equity 13.48% 18.85% 0.19% 16.87% 3.95%
           
Financial Status          
Continuing Operations          
Interest Cover - Continuing 5.75 6.19 5.48 (58.20) 11.06
Revenue per Share 433.31p 295.63p 2.63p 620.85p 148.78p
Pre-Tax Profit Per Share - Continuing 37.61p 29.03p 0.26p 63.77p 16.85p
           
Market Data          
Continuing Operations          
Earnings Per Share Growth - Basic 10% -6% -54% -1% 91%
Earnings Per Share Growth - Diluted 9% -6% -54% -1% 90%
PE Ratio - Company Adjusted 31.1 32.0 31.7 12.5 13.7
PEG - Company Adjusted 3.1 n/a n/a n/a 0.2
Dividend Cover 1.36 1.06 0.79 1.78 1.81
Continuing Operations & Discontinued Operations          
Earnings per Share - Company Adjusted -40% 11,216% -99% 297% -60%
Earnings per Share - Diluted -40% 11,213% -99% 298% -60%
PE Ratio - Company Adjusted 19.2 10.8 1,281.4 12.5 55.0
PEG - Company Adjusted n/a 0.0 n/a 0.0 n/a
Dividend Cover 2.21 3.13 0.02 1.78 0.45
           
Market Capitalisation £ (Millions) 3,151.24 3,451.21 3,615.60 3,091.17 3,419.67
Dividend per Share 18.50p 21.80p 30.80p 29.60p 29.40p
Dividend Yield 2.4% 3.0% 4.0% 4.5% 4.0%
Dividend per Share Growth (15.14%) (29.22%) 4.05% 0.68% 5.00%

Key

* GAAP

a. Includes discontinued activities

b. Includes preference dividends

c. Not disclosed under IFRS

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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