Upcoming Dividend • Mar 19
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 30 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.1%). Declared Dividend • Feb 11
Final dividend increased to UK£0.12 Dividend of UK£0.12 is 1.7% higher than last year. Ex-date: 26th March 2026 Payment date: 30th April 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) nor is it covered by cash flows (292% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. However, EPS has declined by 19% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 10
Full year 2025 earnings released: EPS: UK£0.099 (vs UK£0.12 in FY 2024) Full year 2025 results: EPS: UK£0.099 (down from UK£0.12 in FY 2024). Revenue: UK£583.4m (down 4.8% from FY 2024). Net income: UK£2.29m (down 18% from FY 2024). Profit margin: 0.4% (down from 0.5% in FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Food industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Feb 10
Wynnstay Group Plc, Annual General Meeting, Mar 24, 2026 Wynnstay Group Plc, Annual General Meeting, Mar 24, 2026. Location: shrewsbury town football club, croud meadow, oteley road, shrewsbury, west midlands sy2 6st, United Kingdom New Risk • Jan 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Dividend per share is over 6x cash flows per share. Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported April 2025 fiscal period end). Large one-off items impacting financial results. Announcement • Dec 01
Wynnstay Group Plc to Report Fiscal Year 2025 Final Results on Feb 09, 2026 Wynnstay Group Plc announced that they will report fiscal year 2025 final results at 8:00 AM, GMT Standard Time on Feb 09, 2026 New Risk • Nov 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£75.0m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Dividend per share is over 6x cash flows per share. Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (UK£75.0m market cap, or US$98.0m). Upcoming Dividend • Sep 18
Upcoming dividend of UK£0.057 per share Eligible shareholders must have bought the stock before 25 September 2025. Payment date: 31 October 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.7%). Declared Dividend • Aug 11
First half dividend increased to UK£0.057 Dividend of UK£0.057 is 1.8% higher than last year. Ex-date: 25th September 2025 Payment date: 31st October 2025 Dividend yield will be 4.9%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio) nor is it covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend. Price Target Changed • Jul 22
Price target increased by 20% to UK£4.50 Up from UK£3.75, the current price target is provided by 1 analyst. New target price is 24% above last closing price of UK£3.63. Stock is up 3.7% over the past year. The company posted earnings per share of UK£0.12 last year. Declared Dividend • Jul 03
First half dividend increased to UK£0.057 Dividend of UK£0.057 is 1.8% higher than last year. Ex-date: 25th September 2025 Payment date: 31st October 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio) nor is it covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend. Announcement • Jul 03
Wynnstay Group plc Declare an Increased Interim Dividend for 2025, Payable on 31 October 2025 Wynnstay Group Plc Board declared an increased interim dividend of 5.7 pence per share for 2025 (2024: 5.6 pence). This is payable on 31 October 2025 to shareholders on the register at 26 September 2025. Reported Earnings • Jul 02
First half 2025 earnings released: EPS: UK£0.18 (vs UK£0.14 in 1H 2024) First half 2025 results: EPS: UK£0.18 (up from UK£0.14 in 1H 2024). Revenue: UK£304.9m (down 7.2% from 1H 2024). Net income: UK£4.23m (up 29% from 1H 2024). Profit margin: 1.4% (up from 1.0% in 1H 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Food industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jun 16
Wynnstay Group Plc to Report First Half, 2025 Results on Jul 01, 2025 Wynnstay Group Plc announced that they will report first half, 2025 results on Jul 01, 2025 Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Catherine Bradshaw is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 25
Wynnstay Group Plc Announces Board Changes Wynnstay Group Plc announced the appointments of David Andrew Christensen, aged 57 and Catherine Margaret Smith, aged 45, to the Board as independent non-executive directors, with effect from 1 April 2025. They succeed Gareth Davies and Howell Richards, who will be retiring from the Board at the Company's AGM on 27 March 2025, as previously announced. David Christensen is a farmer with extensive experience of the UK farming sector. He has been a member of the Board of Representatives for Arla Foods amba ("Arla") since 2012. Arla is one of the world's largest dairy companies and a cooperative owned by c.8,000 dairy farmers. He chairs Arla's Policy Advisory Group and is a member of the Arla Tesco Committee. He also chairs the South East Advisory Board of NFU Mutual. He was previously an advisory committee member of the National Institute for Research in Dairying for five years, and a committee member of the Prince's Dairy Initiative for seven years. Catherine Smith has been involved in the food and farming industry for over 24 years and helps to run the family farm in Monmouthshire. She is Chair of Hybu Cig Cymru ("HCC") - Meat Promotion Wales, which is responsible for the development, promotion and marketing of Welsh red meat. As Chair she led the development of HCC's five-year plan and is involved with ministerial advisory bodies shaping the future of agricultural policy in Wales. She is also a senior member of the Vale of Glamorgan Council's Regeneration Team, which advises on the delivery of sustainability and economic development objectives in the region. David Christensen: Current Directorships: Kingston Hill Farm Ltd, The Oxford Cow Dairy Ltd, Regal Court Management Company Ltd, The Oxfordshire Agricultural Society Trust (Trustee). Catherine Smith: Current Directorships: Hybu Cig Cymru Meat Promotion Wales, Food Redistribution Wales Ltd. (trading as FareShare Cymru). Upcoming Dividend • Mar 20
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 27 March 2025. Payment date: 30 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.7%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.9%). Declared Dividend • Feb 14
Final dividend increased to UK£0.12 Dividend of UK£0.12 is 1.3% higher than last year. Ex-date: 27th March 2025 Payment date: 30th April 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (144% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. New Risk • Feb 13
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 144% Dividend yield: 5.5% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (144% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (UK£72.6m market cap, or US$90.6m). Announcement • Feb 12
Wynnstay Group plc Proposes Final Dividend for the Year Ended 31 October 2024, Will Be Paid on 30 April 2025 Wynnstay Group Plc proposed a final dividend for the year ended 31 October 2024 of 11.90 pence per share (2023: 11.75 pence per share), which subject to shareholder approval at the Company's AGM on 27 March 2025, will be paid on 30 April 2025 to shareholders on the register as at 28 March 2025. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: UK£0.12 (vs UK£0.31 in FY 2023) Full year 2024 results: EPS: UK£0.12 (down from UK£0.31 in FY 2023). Revenue: UK£613.1m (down 17% from FY 2023). Net income: UK£2.79m (down 60% from FY 2023). Profit margin: 0.5% (down from 0.9% in FY 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Food industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Feb 01
Wynnstay Group Plc to Report Fiscal Year 2025 Results on Sep 25, 2025 Wynnstay Group Plc announced that they will report fiscal year 2025 results on Sep 25, 2025 Announcement • Jan 21
Wynnstay Group Plc to Report Fiscal Year 2024 Final Results on Feb 11, 2025 Wynnstay Group Plc announced that they will report fiscal year 2024 final results at 8:00 AM, GMT Standard Time on Feb 11, 2025 New Risk • Jan 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported April 2024 fiscal period end). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (UK£69.1m market cap, or US$84.4m). Upcoming Dividend • Sep 19
Upcoming dividend of UK£0.056 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.5%). New Risk • Aug 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£77.6m (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (UK£77.6m market cap, or US$99.0m). Declared Dividend • Jun 27
First half dividend increased to UK£0.056 Dividend of UK£0.056 is 1.8% higher than last year. Ex-date: 26th September 2024 Payment date: 31st October 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.5% EPS decline seen over the last 5 years. Reported Earnings • Jun 26
First half 2024 earnings released: EPS: UK£0.14 (vs UK£0.19 in 1H 2023) First half 2024 results: EPS: UK£0.14 (down from UK£0.19 in 1H 2023). Revenue: UK£328.5m (down 20% from 1H 2023). Net income: UK£3.29m (down 24% from 1H 2023). Profit margin: 1.0% (in line with 1H 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Food industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. New Risk • May 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£80.2m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (UK£80.2m market cap, or US$99.8m). Upcoming Dividend • Mar 21
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of British dividend payers (6.3%). Higher than average of industry peers (2.4%). Declared Dividend • Feb 01
Final dividend increased to UK£0.12 Dividend of UK£0.12 is 1.3% higher than last year. Ex-date: 28th March 2024 Payment date: 30th April 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: UK£0.31 (down from UK£0.83 in FY 2022). Revenue: UK£735.9m (up 3.2% from FY 2022). Net income: UK£6.93m (down 60% from FY 2022). Profit margin: 0.9% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Food industry in the United Kingdom are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jan 30
Wynnstay Group Plc, Annual General Meeting, Mar 26, 2024 Wynnstay Group Plc, Annual General Meeting, Mar 26, 2024, at 11:45 Coordinated Universal Time. Location: Shrewsbury Town Football Club, Oteley Road Shropsire United Kingdom New Risk • Dec 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£77.2m (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (UK£77.2m market cap, or US$96.7m). New Risk • Nov 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). New Risk • Oct 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£80.8m (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (UK£80.8m market cap, or US$98.3m). Upcoming Dividend • Sep 21
Upcoming dividend of UK£0.055 per share at 4.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 31 October 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (6.2%). Higher than average of industry peers (2.4%). Price Target Changed • Sep 13
Price target decreased by 12% to UK£5.94 Down from UK£6.75, the current price target is an average from 2 analysts. New target price is 48% above last closing price of UK£4.03. Stock is down 34% over the past year. The company is forecast to post earnings per share of UK£0.34 for next year compared to UK£0.83 last year. Announcement • Aug 24
Wynnstay Group plc Appoints Rob Thomas as Director, Effective from 2 October 2023 Wynnstay announced the conclusion of its recruitment process for the role of Group Finance Director, following Paul Robert's decision to retire from the Company after many years of outstanding service, as announced on 3 July 2023. Rob Thomas will be joining the Group on 2 October 2023 as Group Finance Director Designate and as a Director of the Board of Wynnstay. Rob will take up the role of Group Finance Director on 2 January 2024 with Paul Roberts stepping down from the Board on the same day. Paul will remain with the Company in a consultancy role for a period thereafter to assist with the year end audit process and ensure a smooth handover. Rob Thomas, FCA, has significant financial and commercial experience in senior roles, including in the agricultural and the supply chain sectors. He joins from EFS Global Limited, the UK-based logistics provider, where he was Group Finance Director. Before that, he worked at NWF Group plc, the specialist distributor of fuel, food and feed, for eight years until 2022. For the majority of his time there, he was Finance Director of the feeds division, NWF Agriculture Limited, which manufactures and supplies animal feeds to livestock farmers across the UK. He has significant experience of M&A and strategic planning. Rob's earlier career was in accountancy with PwC, both in the UK and overseas. Announcement • Aug 23
Wynnstay Group plc Announces Group Finance Director Changes, Effective from 2 January 2024 Wynnstay announced the conclusion of its recruitment process for the role of Group Finance Director, following Paul Robert's decision to retire from the Company after many years of outstanding service, as announced on 3 July 2023. Rob Thomas will be joining the Group on 2 October 2023 as Group Finance Director Designate and as a Director of the Board of Wynnstay. Rob will take up the role of Group Finance Director on 2 January 2024 with Paul Roberts stepping down from the Board on the same day. Paul will remain with the Company in a consultancy role for a period thereafter to assist with the year end audit process and ensure a smooth handover. Rob Thomas, FCA, has significant financial and commercial experience in senior roles, including in the agricultural and the supply chain sectors. He joins from EFS Global Limited, the UK-based logistics provider, where he was Group Finance Director. Before that, he worked at NWF Group plc, the specialist distributor of fuel, food and feed, for eight years until 2022. For the majority of his time there, he was Finance Director of the feeds division, NWF Agriculture Limited, which manufactures and supplies animal feeds to livestock farmers across the UK. He has significant experience of M&A and strategic planning. Rob's earlier career was in accountancy with PwC, both in the UK and overseas. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£3.98, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Food industry in the United Kingdom. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£5.65 per share. Buying Opportunity • Aug 15
Now 20% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be UK£5.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to decline by 7.4% in 2 years. Earnings is forecast to decline by 31% in the next 2 years. Announcement • Jul 25
Wynnstay Group plc Announces Potential Breakthrough Product for British Ruminant Livestock Farmers Wynnstay, announced its involvement as a consortium partner in a revolutionary research project into the use of daffodils to reduce cattle methane emissions. The Dancing with Daffodils project aims to transform the efficiency and sustainability of ruminant livestock farming and is supported by the Department of Farming, Environment and Rural Affairs and Innovate UK, the UK's national innovation agency. The project is developing a novel feed additive, using a specific alkaloid extracted from daffodils, which has been shown in the laboratory to achieve exceptional results in methane reduction and protein utilisation in ruminants. Preliminary data estimates that direct methaneemissions from ruminants can be significantly reduced and that feed protein utilisation may be improved by up to 50%. This could potentially increase the productivity of the ruminant sectors and drive multiple environmental benefits. The consortium is also spearheading the cultivation of daffodils to support the roll-out of this new feed additive and developing a precision on-farm gas analyser to monitor in real-time individual ruminant emissions of methane, hydrogen, carbon dioxide and ammonia. Wynnstay is well-positioned as the project's route-to-market for its end-products and the project aligns with the Group's objective of supporting farmers to produce food in a more sustainable way. Major Estimate Revision • Jul 10
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from UK£673.2m to UK£728.3m. EPS estimate fell from UK£0.406 to UK£0.344 per share. Net income forecast to shrink 37% next year vs 13% growth forecast for Food industry in the United Kingdom . Consensus price target of UK£6.68 unchanged from last update. Share price fell 4.8% to UK£4.45 over the past week. Reported Earnings • Jul 05
First half 2023 earnings released: EPS: UK£0.17 (vs UK£0.37 in 1H 2022) First half 2023 results: EPS: UK£0.17 (down from UK£0.37 in 1H 2022). Revenue: UK£409.1m (up 22% from 1H 2022). Net income: UK£3.85m (down 49% from 1H 2022). Profit margin: 0.9% (down from 2.2% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.2% p.a. on average during the next 2 years, while revenues in the Food industry in the United Kingdom are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
Wynnstay Group Plc Increases Interim Dividend for 2022, Payable on 31 October 2023 Wynnstay Group Plc declared an increased interim dividend of 5.50 pence per share for 2022 (2021: 5.40 pence), up by 1.8% year-on-year. Dividend cover remains prudent at over two times earnings. The interim dividend will be paid on 31 October 2023 to shareholders on the register at the close of business on 29 September 2023. As in previous years, the Scrip Dividend alternative will continue to be available, with the last day for election for this scheme being 14 October 2023. New Risk • Jul 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Jun 26
Wynnstay Group Plc to Report First Half, 2023 Results on Jul 03, 2023 Wynnstay Group Plc announced that they will report first half, 2023 results on Jul 03, 2023 Upcoming Dividend • Mar 23
Upcoming dividend of UK£0.12 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (2.5%). Recent Insider Transactions Derivative • Mar 06
Finance Director & Executive Director exercised options and sold UK£59k worth of stock On the 2nd of March, Bryan Roberts exercised options to acquire 11k shares at no cost and sold these for an average price of UK£5.31 per share. This trade did not impact their existing holding. Since June 2022, Bryan has owned 99.00k shares directly. Company insiders have collectively sold UK£72k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 02
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: UK£0.83 (up from UK£0.44 in FY 2021). Revenue: UK£713.0m (up 43% from FY 2021). Net income: UK£17.1m (up 92% from FY 2021). Profit margin: 2.4% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 4.1% p.a. on average during the next 2 years, while revenues in the Food industry in the United Kingdom are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Wynnstay Group plc Proposes Final Dividend, Payable on 28 April 2023 The board of Wynnstay Group Plc proposed an increased final dividend of 11.60 pence per share. The final dividend will be paid on 28 April 2023 (2021:10.50 pence per share) to shareholders on the register on 31 March 2023. Together with the interim dividend of 5.40 pence per share, paid on the 31 October 2022, this makes a total dividend of 17.00 pence per share for the year (2021: 15.5 pence per share), an increase of 9.7% on the previous year. The final dividend is subject to shareholder approval at the forthcoming AGM on 21 March 2023. Announcement • Feb 01
Wynnstay Group Plc, Annual General Meeting, Mar 21, 2023 Wynnstay Group Plc, Annual General Meeting, Mar 21, 2023, at 11:45 Coordinated Universal Time. Location: Sovereign Suite at Shrewsbury Town Football Club, Oteley Road, Shrewsbury Shropshire, SY2 6ST Shropshiire United Kingdom Announcement • Jan 27
Wynnstay Group Plc to Report Fiscal Year 2022 Results on Feb 01, 2023 Wynnstay Group Plc announced that they will report fiscal year 2022 results on Feb 01, 2023 Announcement • Nov 17
Wynnstay Group Plc (AIM:WYN) acquired Tamar Milling Ltd for £1.4 million. Wynnstay Group Plc (AIM:WYN) acquired Tamar Milling Ltd for £1.4 million on November 17, 2022. The initial consideration of £1.4 million paid on completion is subject to a net asset adjustment to be calculated based on completion accounts. The deferred consideration of up to £0.1 million is payable dependent on product volumes transacted in the first twelve months following completion. The Group is funding the acquisition from its existing resources. Following its acquisition, Tamar's founder, Nick Furse, will join Wynnstay in a senior commercial feed role and continue to lead Tamar's operations. Stephane Auton and John More of Shore Capital Markets Limited acted as financial advisor to Wynnstay Group Plc (AIM:WYN).
Wynnstay Group Plc (AIM:WYN) completed the acquisition of Tamar Milling Ltd on November 17, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of UK£0.054 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.9%). Major Estimate Revision • Sep 08
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from UK£607.8m to UK£650.3m. EPS estimate increased from UK£0.60 to UK£0.74 per share. Net income forecast to grow 3.4% next year vs 4.7% growth forecast for Food industry in the United Kingdom. Consensus price target broadly unchanged at UK£6.68. Share price rose 5.4% to UK£6.10 over the past week. Announcement • Aug 18
Wynnstay Group Plc has completed a Follow-on Equity Offering in the amount of £10.564 million. Wynnstay Group Plc has completed a Follow-on Equity Offering in the amount of £10.564 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,900,000
Price\Range: £5.56
Transaction Features: Subsequent Direct Listing Major Estimate Revision • Jul 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from UK£0.50 to UK£0.60. Revenue forecast unchanged at UK£607.8m. Net income forecast to shrink 9.9% next year vs 12% growth forecast for Food industry in the United Kingdom . Consensus price target up from UK£6.20 to UK£6.75. Share price was steady at UK£6.10 over the past week. Price Target Changed • Jul 06
Price target increased to UK£6.75 Up from UK£6.07, the current price target is provided by 1 analyst. New target price is 11% above last closing price of UK£6.10. Stock is up 17% over the past year. The company is forecast to post earnings per share of UK£0.41 for next year compared to UK£0.44 last year. Reported Earnings • Jun 29
First half 2022 earnings released: EPS: UK£0.37 (vs UK£0.22 in 1H 2021) First half 2022 results: EPS: UK£0.37 (up from UK£0.22 in 1H 2021). Revenue: UK£335.7m (up 34% from 1H 2021). Net income: UK£7.51m (up 73% from 1H 2021). Profit margin: 2.2% (up from 1.7% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.0%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Announcement • Jun 29
Wynnstay Group Plc Declares Interim Dividend, Payable on 31 October 2022 The Board of Wynnstay Group Plc declared an increased interim dividend of 5.40 pence per share (2021: 5.00 pence), up by 8.0% on the equivalent payment last year. The interim dividend will be paid on 31 October 2022 to shareholders on the register at the close of business on 30 September 2022. As in previous years, the Scrip Dividend alternative will continue to be available, with the last day for election for this scheme being 14 October 2022. Major Estimate Revision • May 13
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from UK£542.6m to UK£580.1m. EPS estimate increased from UK£0.42 to UK£0.50 per share. Net income forecast to grow 15% next year vs 9.4% growth forecast for Food industry in the United Kingdom. Consensus price target up from UK£6.07 to UK£6.20. Share price was steady at UK£5.82 over the past week. Upcoming Dividend • Mar 24
Upcoming dividend of UK£0.10 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 16% share price gain to UK£5.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Food industry in the United Kingdom. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.26 per share. Reported Earnings • Feb 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: UK£0.44 (up from UK£0.28 in FY 2020). Revenue: UK£500.4m (up 16% from FY 2020). Net income: UK£8.93m (up 62% from FY 2020). Profit margin: 1.8% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 2.9%, compared to a 5.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. 
