Tate & Lyle (TATE)

Sector:

Food

Index:

FTSE 250

729.50p
   
  • Change Today:
    -4.00p
  • 52 Week High: 807.00
  • 52 Week Low: 591.00
  • Currency: UK Pounds
  • Shares Issued: 450.80m
  • Volume: 641,966
  • Market Cap: £3,288.56m
  • RiskGrade: 93
  • Beta: 0.67

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Interim Dividend6.20p5.40p9.00p8.80p8.80p
Final Dividend12.90p13.10p12.80p22.00p20.80p
Total Dividend19.10p18.50p9.00p30.80p29.60p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 1,647.00 1,751.00 1,375.00 1,211.00 2,882.00
Operating Profit/(Loss) 207.00 196.00 67.00 116.00 296.00
Net Interest (6.00) (20.00) (25.00) (26.00) (28.00)
Profit Before Tax 226.00 152.00 42.00 90.00 296.00
Profit After Tax 179.00 127.00 26.00 89.00 245.00
Discontinued Operations          
Profit After Tax 9.00 63.00 210.00 164.00 n/a
PROFIT FOR THE PERIOD 188.00 190.00 236.00 253.00 245.00
Attributable to:          
Equity Holders of Parent Company 188.00 190.00 236.00 253.00 245.00
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 45.20p 31.30p 5.50p 19.30p 52.80p
Earnings per Share - Diluted 44.40p 30.80p 5.50p 19.10p 52.10p
Earnings per Share - Adjusted 55.50p 49.60p 24.90p 25.40p 52.80p
Continuing and Discontinued EPS          
Earnings per Share - Basic 47.30p 47.00p 50.70p 54.40p 52.80p
Earnings per Share - Diluted 46.50p 46.20p 50.20p 53.80p 52.10p
Earnings per Share - Adjusted 55.50p 49.60p 56.00p 61.90p 52.80p
           
Dividend per Share 19.10p 18.50p 21.80p 30.80p 29.60p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 528.00 488.00 431.00 1,105.00 1,190.00
Intangible Assets 406.00 452.00 278.00 345.00 340.00
Investment Properties n/a n/a n/a n/a n/a
Investments 193.00 241.00 46.00 163.00 154.00
Other Financial Assets n/a n/a 3.00 1.00 1.00
Other Non-Current Assets 68.00 42.00 33.00 51.00 34.00
  1,195.00 1,223.00 791.00 1,665.00 1,719.00
Current Assets          
Inventories 353.00 446.00 317.00 532.00 456.00
Trade & Other Receivables 294.00 351.00 270.00 333.00 323.00
Cash at Bank & in Hand 437.00 475.00 110.00 371.00 271.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 3.00 12.00 26.00 66.00 82.00
  1,087.00 1,284.00 723.00 1,302.00 1,132.00
           
Other Assets n/a n/a 1,737.00 n/a n/a
Total Assets 2,282.00 2,507.00 3,251.00 2,967.00 2,851.00
           
Liabilities          
Current Liabilities          
Borrowings 17.00 121.00 21.00 42.00 40.00
Other Current Liabilities 321.00 451.00 359.00 515.00 468.00
  338.00 572.00 380.00 557.00 508.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 573.00 592.00 658.00 746.00 682.00
Provisions 21.00 35.00 63.00 52.00 53.00
Other Non-Current Liabilities 111.00 118.00 130.00 158.00 209.00
  705.00 745.00 851.00 956.00 944.00
           
Other Liabilities n/a n/a 400.00 n/a n/a
Total Liabilities 1,043.00 1,317.00 1,631.00 1,513.00 1,452.00
           
Net Assets 1,239.00 1,190.00 1,620.00 1,454.00 1,399.00
           
Capital & Reserves          
Share Capital 117.00 117.00 117.00 117.00 117.00
Share Premium Account 408.00 408.00 407.00 406.00 406.00
Other Reserves 90.00 151.00 230.00 152.00 247.00
Retained Earnings 623.00 513.00 865.00 777.00 629.00
Shareholders Funds 1,238.00 1,189.00 1,619.00 1,453.00 1,399.00
           
Minority Interests/Other Equity 1.00 1.00 1.00 1.00 n/a
Total Equity 1,239.00 1,190.00 1,620.00 1,454.00 1,399.00
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 208.00 66.00 103.00 369.00 385.00
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 (20.00) 835.00 (113.00) (205.00) (129.00)
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 (215.00) (598.00) (247.00) (29.00) (273.00)
Net Increase/Decrease In Cash (27.00) 303.00 (257.00) 135.00 (17.00)
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 11.1 15.8 29.6 30.4 12.5
PEG - Adjusted 0.9 0.2 n/a n/a n/a
Earnings per Share Growth - Adjusted 12% 99% -2% -52% n/a
Dividend Cover 2.91 2.68 1.14 0.82 1.78
Revenue per Share 414.76p 433.31p 295.63p 2.63p 620.85p
Pre-Tax Profit per Share 56.91p 37.61p 9.03p 0.20p 63.77p
Operating Margin 12.57% 11.19% 4.87% 9.58% 10.27%
Return on Capital Employed 16.07% 11.57% 3.21% 0.06% 17.67%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.1 15.8 13.2 1,235.2 12.5
PEG - Adjusted 0.9 n/a 0.0 n/a n/a
Earnings per Share Growth - Adjusted 12% -11% 8,863% -99% n/a
Dividend Cover 2.91 2.68 2.57 0.02 1.78
           
Dividend Yield 3.1% 2.4% 3.0% 4.0% 4.5%
Dividend per Share Growth 3.24% (15.14%) (29.22%) 4.05% 0.68%
Operating Cash Flow per Share 52.38p 16.33p 22.15p 79.49p 82.94p
Cash Incr/Decr per Share (6.80p) 74.98p (55.26p) 0.29p (3.66p)
Net Asset Value per Share (exc. Intangibles) 209.77p 182.63p 288.54p 238.91p 228.13p
Net Gearing 12.36% 20.02% 35.15% 28.70% 32.24%

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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