Associated British Foods

ABF: 2,439.00 -37.00 (-1.49%) delayed: 14 Nov 2019, 19:03

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Associated British Foods Fundamentals

Share Price Information

Name Associated British Foods
Epic ABF
Sector Food Products
ISIN GB0006731235
Activites Associated British Foods plc is a diversified international food, ingredients and retail group with sales of £15.8bn and 138,000 employees in 52 countries. It has significant businesses in Europe, southern Africa, the Americas, Asia and Australia. Its aim is to achieve strong, sustainable leadership positions in markets that offer potential for profitable growth. It looks to achieve this through a combination of growth of existing businesses, acquisition of complementary new businesses and achievement of high levels of operating efficiency.
Index FTSE 100

Key numbers

Latest Share price (p) 2,439.00 Net gearing (%) 19.73
Market capitalisation (£m) 19,601.85 Gross gearing (%) 30.60
Shares in issue (m) 791.67 Debt ratio 10.68
P/E ratio 22.29 Debt-to-equity ratio 0.27
Total dividends per share (p) 46.35 Assets / equity ratio 1.44
Dividend yield (%) 1.87 Price to book value 2.05
Dividend cover 2.40 ROCE (%) 10.97
Earning per share (p) 111.10 EPS growth (%) -12.86
52-week high / low (p) 2,659.00 / 2,011.00 DPS growth (%) 3.00

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
14 Sep 2019 Full Year 15,824 896 111.10 GBP
15 Sep 2018 Full Year 15,574 1,022 127.50 GBP
16 Sep 2017 Full Year 15,357 1,211 151.60 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H2 Dividend 12 Dec 2019 10 Jan 2020 34.30 GBX 46.35
H1 Dividend 06 Jun 2019 05 Jul 2019 12.05 GBX 0.00
H2 Dividend 13 Dec 2018 11 Jan 2019 33.30 GBX 45.00
H1 Dividend 07 Jun 2018 06 Jul 2018 11.70 GBX 0.00
H2 Dividend 14 Dec 2017 12 Jan 2018 29.65 GBX 41.00
H1 Dividend 08 Jun 2017 07 Jul 2017 11.35 GBX 0.00
H2 Dividend 15 Dec 2016 13 Jan 2017 26.45 GBX 36.75
H1 Dividend 02 Jun 2016 01 Jul 2016 10.30 GBX 0.00
H2 Dividend 10 Dec 2015 08 Jan 2016 25.00 GBX 35.00
H1 Dividend 04 Jun 2015 03 Jul 2015 10.00 GBX 0.00
H2 Dividend 11 Dec 2014 09 Jan 2015 24.30 GBX 34.00

Contact details

Company name Associated British Foods
Address Weston Centre, 10 Grosvenor Street, London W1K 4QY.
Telephone +44 (0)20 7399 6500
Website http://www.abf.co.uk/

Advisors

Company's broker Credit Suisse
Company's joint broker Panmure Gordon & Co
NOMAD N M Rothschild
Registrar Equiniti
Auditors KPMG Audit
Solicitors Herbert Smith LLP

Directors

Appointed Director Position
19 Apr 1999 George Garfield Weston Chief Executive
04 May 1999 John George Bason Finance Director
01 Nov 2017 Michael George Alexander McLintock Non-Executive Chairman
14 Apr 2016 Richard Harry Reid Non-Executive Director
01 Nov 2006 Francisco Javier Ferrán Non-Executive Director
14 Jan 2015 Dr Wolfhart Gunnar Hauser Non-Executive Director
01 May 2014 Linda Ruth Cairnie Non-Executive Director
05 Sep 2018 Graham Denis Allan Non-Executive Director
09 Dec 2011 Emma Susan Adamo Non-Executive Director

Company financials

Assets (£m) 2019 2018 2017
Reporting date 14 Sep 2019 15 Sep 2018 16 Sep 2017
Tangible assets 5,769 5,747 5,470
Intangible asssets and goodwill 1,681 1,632 1,414
Investments and other non-current assets 714 1,028 736
Total non-current assets 8,164 8,407 7,620
Inventory / work in progress 2,386 2,187 2,101
Trade and other receivables 1,436 1,436 1,342
Cash and equivalents 1,495 1,362 1,550
Other current assets and asset held for resale 279 300 197
Total of all assets 13,760 13,692 12,810
Liabilities (£m) 2019 2018 2017
Short term liabilities 3,068 3,248 3,153
Long term liabilities 1,142 1,148 1,245
Other liabilites / pension etc 0 0 0
Total of all liabilities 4,210 4,396 4,398
Net assets (£m) 2019 2018 2017
Net assets 9,550 9,296 8,412
Equity (£m) 2019 2018 2017
Share capital 45 45 45
Minority interests 98 85 73
Retained earnings 8,832 8,615 7,694
Share premium account 0 0 0
Other equity 575 551 600
Total equity 9,550 9,296 8,412
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 1,509 1,430 1,641
Cashflow before financing 778 430 1,274
Increase / decrease in Cash 87 -103 939
Income (£m) 2019 2018 2017
Turnover 15,824 15,574 15,357
Cost of sales 0 0 0
Gross profit 0 0 0
Operating profit 1,282 1,344 1,336
Pre-tax profit 1,173 1,279 1,576
Profit / loss for the year 896 1,022 1,211