ASSOCIATED BRITISH FOODS PLC ORD 5 15/22P
Symbol: ABF
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Charts
Company
Business Summary
Associated British Foods PLC is a diversified company, with a range of food and ingredients businesses. The Company’s segments include Grocery, Ingredients, Agriculture, Sugar, and Retail. Grocery segment is engaged in the manufacture of grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods and meat products, which are sold to retail, wholesale and foodservice businesses. Ingredients segment is engaged in the manufacture of baker's yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialties. Agriculture segment is engaged in the manufacture of animal feeds and the provision of other products and services for the agriculture sector. Sugar segment is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users. Retail segment is engaged in buying and merchandising value clothing and accessories through the Primark and Penney's retail chains.
Financial Summary
BRIEF: For the 24 weeks ended 02 March 2024, Associated British Foods plc revenues increased 2% to £9.73B. Net income increased 26% to £663M. Revenues reflect Retail segment increase of 6% to £4.5B, Grocery segment increase of 1% to £2.12B, Europe & Africa segment increase of 6% to £3.72B, The Americas segment increase of 2% to £1.25B, Retail Sales - Total increase of 6% to £4.5B.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
16/09/2023 |
17/09/2022 |
18/09/2021 |
12/09/2020 |
14/09/2019 |
15/09/2018 |
---|---|---|---|---|---|---|
Total Revenue | 19,750.00 | 16,997.00 | 13,884.00 | 13,937.00 | 15,824.00 | 15,574.00 |
Gross profit | 4,163.00 | 3,778.00 | 3,131.00 | 3,137.00 | 3,637.00 | 3,584.00 |
Operating Profit/Loss | 1,380.00 | 1,155.00 | 828.00 | 796.00 | 1,188.00 | 1,310.00 |
Profit Before Tax | 1,340.00 | 1,076.00 | 725.00 | 686.00 | 1,173.00 | 1,279.00 |
Profit After Tax | 1,068.00 | 720.00 | 498.00 | 465.00 | 896.00 | 1,022.00 |
Equity Holders of Parent Company | 1,044.00 | 700.00 | 478.00 | 455.00 | 878.00 | 1,007.00 |
Minority Interest | 76.00 | 86.00 | 63.00 | 74.00 | 80.00 | 70.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
16/09/2023 |
17/09/2022 |
18/09/2021 |
12/09/2020 |
14/09/2019 |
15/09/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 12,105.00 | 11,941.00 | 10,790.00 | 10,916.00 | 8,164.00 | 8,407.00 |
Total Current Assets | 6,739.00 | 7,834.00 | 6,105.00 | 5,753.00 | 5,596.00 | 5,285.00 |
Total Assets | 18,844.00 | 19,775.00 | 16,895.00 | 16,669.00 | 13,760.00 | 13,692.00 |
Total Liabilities | 7,651.00 | 8,221.00 | 6,891.00 | 7,230.00 | 4,210.00 | 4,396.00 |
Total Net Assets | 11,193.00 | 11,554.00 | 10,004.00 | 9,439.00 | 9,550.00 | 9,296.00 |
Shareholders Funds | 11,093.00 | 11,448.00 | 9,921.00 | 9,355.00 | 9,452.00 | 9,211.00 |
Minority Interests | 76.00 | 86.00 | 63.00 | 74.00 | 80.00 | 70.00 |
Total Equity | 11,193.00 | 11,554.00 | 10,004.00 | 9,439.00 | 9,550.00 | 9,296.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy4 |
Neutral12 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 2 | 4 | 12 | 0 | 0 |
Consensus |
ConsensusNeutral |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £20,693.30mn | £21,590.80mn | £22,517.20mn |
Pre-tax-Profit | £1,860.04mn | £1,983.91mn | £2,105.47mn |
EPS | £1.79p | £1.94p | £2.06p |
EPS Growth | 26.51% | 7.87% | 6.65% |
P/E | 13.66 | 12.69 | 11.86 |
PEG Ratio | 0.52 | 1.61 | 1.78 |
Dividend | 61.92p | 67.10p | 72.43p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
18th Apr 2024 | Shore Capital | Reiteration | 2442p | 0p | 0p | Buy |
14th Dec 2023 | JP Morgan Cazenove | Reiteration | 2390p | 0p | 1875p | Neutral |
13th Sep 2023 | JP Morgan Cazenove | Reiteration | 2085p | 0p | 1875p | Neutral |
12th Sep 2023 | Shore Capital | Reiteration | 2108p | 0p | 0p | Buy |
18th Jul 2023 | JP Morgan Cazenove | Reiteration | 2103p | 0p | 0p | Neutral |
23rd Jun 2023 | Shore Capital | Reiteration | 1953p | 0p | 0p | Buy |
22nd Jun 2023 | JP Morgan Cazenove | Reiteration | 1936p | 0p | 1850p | Neutral |
13th Jun 2023 | Citigroup | Reiteration | 1869p | 0p | 2000p | Neutral |
6th Jun 2023 | Shore Capital | Reiteration | 1840p | 0p | 0p | Buy |
16th May 2023 | RBC Capital Markets | Upgrade | 1903p | 2150p | 2250p | Outperform |
Time & Sales
Sorry, sales information on this investment is not available at this time.