Tate & Lyle (TATE)

Sector:

Food

Index:

FTSE 250

708.50p
   
  • Change Today:
      31.50p
  • 52 Week High: 799.50
  • 52 Week Low: 591.00
  • Currency: UK Pounds
  • Shares Issued: 401.70m
  • Volume: 1,649,046
  • Market Cap: £2,846.07m
  • RiskGrade: 93

Tate & Lyle Overview

Tate & Lyle produces an estimated 4m tonnes of cereal sweeteners and refines over 2m tonnes of sugar each year sold into around 35 countries. It is is a global leader in cereal sweeteners and starches, sugar refining, value added food and industrial ingredients and citric acid. It is world number one in industrial starches and wheat proteins and the sole manufacturer of sucralose sugar substitute, Splenda.

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Financials

Latest F'cast
Div Yield 2.7% 0.0%
Div Cover 2.7 2.8
Op Mrgn 11.2% 15.2%
ROCE 12.4%  
Latest F'cast
P/E 13.7 12.6
PEG 0.1 1.5
Pr/Revenue 1.6 1.6
Pr/Book 2.3  
Latest F'cast
Revenue 27.3% -3.9%
PBT 261.9% 68.1%
EPS 98.0% 8.5%
DPS -15.1% 4.7%

Tate & Lyle Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-19 2,755.00 240.00 52.80p 13.8 2.8 +5% 29.40p 4.0%
31-Mar-20 2,882.00 296.00 52.80p 12.5 n/a n/a 29.60p 4.5%
31-Mar-21 1,211.00 90.00 25.40p 30.4 n/a -52% 30.80p 4.0%
31-Mar-22 1,375.00 42.00 24.90p 29.6 n/a -2% 21.80p 3.0%
31-Mar-23 1,751.00 152.00 49.30p 15.9 0.2 +98% 18.50p 2.4%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

Tate & Lyle Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-24 1,682.52 255.50 53.50p 12.7 1.5 +8% 19.37p 0.0%
31-Mar-25 1,649.77 275.69 57.91p 11.7 1.4 +8% 20.63p 0.0%
31-Mar-26 1,720.31 288.63 62.65p 10.8 1.3 +8% 21.81p 0.0%

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Tate & Lyle Company Announcements

Final Results 23-May-2024 07:00 RNS
Sale of remaining interest in Primient JV to KPS 23-May-2024 07:00 RNS
Directorate Change 20-May-2024 13:00 RNS

Tate & Lyle ShareCast News

Tate & Lyle reports solid year, completes Primie... 23-May-2024 ShareCast
Haleon nabs finance chief from Tate & Lyle as CF... 24-Apr-2024 ShareCast
UK regulator warns T&L Sugars/Tereos deal could ... 08-Mar-2024 ShareCast

Tate & Lyle Top Newspaper Links

Tate and Lyle shares turn sour on sweetener woes 24-Sep-2014 Guardian
MARKET REPORT: Tate & Lyle hit by Mexican stand-... 29-Aug-2014 Express & Star
Tate & Lyle forced to post slight dip in profits... 27-May-2014 Daily Mail

Latest Tate & Lyle Director Deals

No deals were found in the last 28 days.

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: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

Tate & Lyle Market Data

Currency UK Pounds
Share Price 708.50p
Change Today 31.50p
% Change 4.65 %
52 Week High 799.50
52 Week Low 591.00
Volume 1,649,046
Shares Issued 401.70m
Market Cap £2,846.07m
RiskGrade 93

Tate & Lyle Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.1% below the market average50.1% below the market average50.1% below the market average50.1% below the market average50.1% below the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Price Trend
14.77% below the market average14.77% below the market average14.77% below the market average14.77% below the market average14.77% below the market average
21.43% below the sector average21.43% below the sector average21.43% below the sector average21.43% below the sector average21.43% below the sector average
Income
8.33% above the market average8.33% above the market average8.33% above the market average8.33% above the market average8.33% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Growth
71.98% above the market average71.98% above the market average71.98% above the market average71.98% above the market average71.98% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tate & Lyle Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 23-Nov-23
Paid 02-Aug-24 05-Jan-24
Amount 12.90p 6.20p

Trades for 23-May-2024

Time Volume / Share Price
15:36 151 @ 708.50p
15:36 130 @ 708.50p
15:36 42 @ 708.50p
15:36 608 @ 708.50p
15:35 142 @ 707.79p

Tate & Lyle Key Personnel

CEO Nick Hampton
CFO Dawn Allen
Chair David Hearn

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