Tate & Lyle (TATE)

Sector:

Food

Index:

FTSE 250

667.50p
   
  • Change Today:
    -4.00p
  • 52 Week High: 799.50
  • 52 Week Low: 591.00
  • Currency: UK Pounds
  • Shares Issued: 401.70m
  • Volume: 1,096,664
  • Market Cap: £2,681.37m
  • RiskGrade: 93

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
Interim Dividend5.40p9.00p8.80p8.80p8.60p
Final Dividend13.10p12.80p22.00p20.80p20.80p
Total Dividend18.50p9.00p30.80p29.60p29.40p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 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
Operating Profit/(Loss) 196.00 67.00 116.00 296.00 236.00
Net Interest (20.00) (25.00) (26.00) (28.00) (26.00)
Profit Before Tax 152.00 42.00 90.00 296.00 240.00
Profit After Tax 127.00 26.00 89.00 245.00 181.00
Discontinued Operations          
Profit After Tax 63.00 210.00 164.00 n/a n/a
PROFIT FOR THE PERIOD 190.00 236.00 253.00 245.00 181.00
Attributable to:          
Equity Holders of Parent Company 190.00 236.00 253.00 245.00 181.00
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 31.30p 5.50p 19.30p 52.80p 39.20p
Earnings per Share - Diluted 30.80p 5.50p 19.10p 52.10p 38.60p
Earnings per Share - Adjusted 49.30p 24.90p 25.40p 52.80p 52.80p
Continuing and Discontinued EPS          
Earnings per Share - Basic 47.00p 50.70p 54.40p 52.80p 39.20p
Earnings per Share - Diluted 46.20p 50.20p 53.80p 52.10p 38.60p
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
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 488.00 431.00 1,105.00 1,190.00 982.00
Intangible Assets 452.00 278.00 345.00 340.00 342.00
Investment Properties n/a n/a n/a n/a n/a
Investments 241.00 46.00 163.00 154.00 161.00
Other Financial Assets n/a 3.00 1.00 1.00 n/a
Other Non-Current Assets 42.00 33.00 51.00 34.00 212.00
  1,223.00 791.00 1,665.00 1,719.00 1,697.00
Current Assets          
Inventories 446.00 317.00 532.00 456.00 434.00
Trade & Other Receivables 351.00 270.00 333.00 323.00 325.00
Cash at Bank & in Hand 475.00 110.00 371.00 271.00 285.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 12.00 26.00 66.00 82.00 52.00
  1,284.00 723.00 1,302.00 1,132.00 1,096.00
           
Other Assets n/a 1,737.00 n/a n/a n/a
Total Assets 2,507.00 3,251.00 2,967.00 2,851.00 2,793.00
           
Liabilities          
Current Liabilities          
Borrowings 121.00 21.00 42.00 40.00 224.00
Other Current Liabilities 451.00 359.00 515.00 468.00 457.00
  572.00 380.00 557.00 508.00 681.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 592.00 658.00 746.00 682.00 373.00
Provisions 35.00 63.00 52.00 53.00 66.00
Other Non-Current Liabilities 118.00 130.00 158.00 209.00 184.00
  745.00 851.00 956.00 944.00 623.00
           
Other Liabilities n/a 400.00 n/a n/a n/a
Total Liabilities 1,317.00 1,631.00 1,513.00 1,452.00 1,304.00
           
Net Assets 1,190.00 1,620.00 1,454.00 1,399.00 1,489.00
           
Capital & Reserves          
Share Capital 117.00 117.00 117.00 117.00 117.00
Share Premium Account 408.00 407.00 406.00 406.00 406.00
Other Reserves 151.00 230.00 152.00 247.00 225.00
Retained Earnings 513.00 865.00 777.00 629.00 741.00
Shareholders Funds 1,189.00 1,619.00 1,453.00 1,399.00 1,489.00
           
Minority Interests/Other Equity 1.00 1.00 1.00 n/a n/a
Total Equity 1,190.00 1,620.00 1,454.00 1,399.00 1,489.00
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 66.00 103.00 369.00 385.00 330.00
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 835.00 (113.00) (205.00) (129.00) (111.00)
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 (598.00) (247.00) (29.00) (273.00) (140.00)
Net Increase/Decrease In Cash 303.00 (257.00) 135.00 (17.00) 79.00
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 15.9 29.6 30.4 12.5 13.8
PEG - Adjusted 0.2 n/a n/a n/a 2.8
Earnings per Share Growth - Adjusted 98% -2% -52% n/a 5%
Dividend Cover 2.66 1.14 0.82 1.78 1.80
Revenue per Share 433.31p 295.63p 2.63p 620.85p 595.55p
Pre-Tax Profit per Share 37.61p 9.03p 0.20p 63.77p 51.88p
Operating Margin 11.19% 4.87% 9.58% 10.27% 8.57%
Return on Capital Employed 11.57% 3.21% 0.06% 17.67% 14.70%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.0 13.2 1,235.2 12.5 13.8
PEG - Adjusted n/a 0.0 n/a n/a 2.8
Earnings per Share Growth - Adjusted -13% 8,863% -99% n/a 5%
Dividend Cover 2.64 2.57 0.02 1.78 1.80
           
Dividend Yield 2.4% 3.0% 4.0% 4.5% 4.0%
Dividend per Share Growth (15.14%) (29.22%) 4.05% 0.68% 2.44%
Operating Cash Flow per Share 16.33p 22.15p 79.49p 82.94p 71.34p
Cash Incr/Decr per Share 74.98p (55.26p) 0.29p (3.66p) 17.08p
Net Asset Value per Share (exc. Intangibles) 182.63p 288.54p 238.91p 228.13p 247.95p
Net Gearing 20.02% 35.15% 28.70% 32.24% 20.95%

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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