ENXTBR:GREEN

Stock Analysis Report

Executive Summary

Greenyard NV produces and sells fresh, frozen, and prepared fruits, vegetables, flowers, and plants for retailers and food service companies, and food industry customers worldwide.

Snowflake

Fundamentals

Moderate growth potential and overvalued.


Similar Companies

Share Price & News

How has Greenyard's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GREEN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.9%

GREEN

0.4%

BE Food

0.4%

BE Market


1 Year Return

-33.3%

GREEN

-1.1%

BE Food

8.8%

BE Market

Return vs Industry: GREEN underperformed the Belgian Food industry which returned -1.1% over the past year.

Return vs Market: GREEN underperformed the Belgian Market which returned 8.8% over the past year.


Shareholder returns

GREENIndustryMarket
7 Day7.9%0.4%0.4%
30 Day105.1%5.5%-3.3%
90 Day108.6%7.1%-0.2%
1 Year-33.3%-33.3%-0.2%-1.1%11.2%8.8%
3 Year-57.5%-58.6%-5.1%-8.0%1.3%-5.0%
5 Yearn/a105.3%93.3%17.9%4.6%

Price Volatility Vs. Market

How volatile is Greenyard's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Greenyard undervalued compared to its fair value and its price relative to the market?

0.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GREEN (€5.59) is trading above our estimate of fair value (€3.85)

Significantly Below Fair Value: GREEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GREEN is unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: GREEN is unprofitable, so we can't compare its PE Ratio to the Belgian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GREEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GREEN is good value based on its PB Ratio (0.5x) compared to the BE Food industry average (1.5x).


Next Steps

Future Growth

How is Greenyard forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

134.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GREEN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.8%).

Earnings vs Market: GREEN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GREEN's is expected to become profitable in the next 3 years.

Revenue vs Market: GREEN's revenue (0.7% per year) is forecast to grow slower than the Belgian market (3.8% per year).

High Growth Revenue: GREEN's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GREEN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Greenyard performed over the past 5 years?

-112.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GREEN has large one-off items impacting its financial results.

Growing Profit Margin: GREEN's current net profit margins (-4.9%) are lower than last year (-0.05%).


Past Earnings Growth Analysis

Earnings Trend: GREEN is unprofitable, and losses have increased over the past 5 years at a rate of -112% per year.

Accelerating Growth: Unable to compare GREEN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GREEN is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (2.1%).


Return on Equity

High ROE: GREEN has a negative Return on Equity (-41.03%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Greenyard's financial position?


Financial Position Analysis

Short Term Liabilities: GREEN's short term assets (€753.6M) do not cover its short term liabilities (€1.2B)

Long Term Liabilities: GREEN's short term assets (753.6M) exceeds its long term liabilities (197.9M)


Debt to Equity History and Analysis

Debt Level: GREEN's debt to equity ratio (136.2%) is considered high

Reducing Debt: Insufficient data to determine if GREEN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: GREEN has a high level of physical assets or inventory.

Debt Coverage by Assets: GREEN's debt is covered by short term assets (assets are 1.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GREEN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GREEN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Greenyard's current dividend yield, its reliability and sustainability?

0.36%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.1%markettop25%4.4%industryaverage1.3%forecastin3Years0.4%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate GREEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GREEN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GREEN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GREEN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GREEN is not paying a notable dividend for the Belgian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GREEN's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

What is the CEO of Greenyard's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Hein Deprez (57yo)

1.8yrs

Tenure

€766,080

Compensation

Mr. Hein Deprez serves as Co- CEO and Executive Non Independent Director at Greenyard NV. Mr. Deprez has been the Chief Executive Officer and Managing Director/Managing Executive Director at Greenyard Food ...


CEO Compensation Analysis

Compensation vs Market: Hein's total compensation ($USD842.96K) is above average for companies of similar size in the Belgian market ($USD483.65K).

Compensation vs Earnings: Insufficient data to compare Hein's compensation with company performance.


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: GREEN's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

4.4yrs

Average Tenure

60yo

Average Age

Experienced Board: GREEN's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Marc Zwaaneveld (58yo)

    Co- Chief Executive Officer

    • Tenure: 0.8yrs
    • Compensation: €1.02m
  • Hein Deprez (57yo)

    Co- CEO & Executive Non-Independent Director

    • Tenure: 1.8yrs
    • Compensation: €766.08k
  • Hans Luts

    Managing Director of Frozen Division

    • Tenure: 0yrs
  • Dominiek Stinckens

    Managing Director of Prepared Division

    • Tenure: 0yrs
  • Charles-Henri Deprez

    Managing Director of Long Fresh

    • Tenure: 0yrs
    • Compensation: €651.41k
  • Alexander Verbist

    Head of Legal

    • Tenure: 4.2yrs
  • Christine Buytaert

    Corporate HR Director

    • Tenure: 3.4yrs
  • Geert Peeters

    Chief Financial Officer

    • Tenure: 1.2yrs
  • Dennis Duinslaeger

    Investor Relations Manager

    • Tenure: 0yrs
  • Nancy Goovaerts

    Corporate Communications Manager

    • Tenure: 0yrs

Board Members

  • Marc Ooms (66yo)

    Non-Executive Non-Independent Director

    • Tenure: 4.4yrs
    • Compensation: €70.00k
  • Hilde Laga (63yo)

    Non-Executive Independent Director

    • Tenure: 5yrs
    • Compensation: €67.50k
  • Veerle Deprez (59yo)

    Non-Executive Non-Independent Director

    • Tenure: 4.4yrs
    • Compensation: €77.50k
  • Hein Deprez (57yo)

    Co- CEO & Executive Non-Independent Director

    • Tenure: 1.8yrs
    • Compensation: €766.08k
  • Aalt Dijkhuizen (66yo)

    Non-Executive Independent Director

    • Tenure: 3.2yrs
    • Compensation: €81.70k
  • Koen Hoffman (51yo)

    Non-Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: €102.50k
  • Dirk Van Vlaenderen (60yo)

    Non-Executive Independent Director

    • Tenure: 3.5yrs
    • Compensation: €77.50k
  • Johan Vanovenberghe

    Non-Executive Non-Independent Director

    • Tenure: 4.4yrs
  • Valentine Deprez

    Non-Executive Non-Independent Director

    • Tenure: 1.8yrs
    • Compensation: €65.00k

Company Information

Greenyard NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greenyard NV
  • Ticker: GREEN
  • Exchange: ENXTBR
  • Founded: 1968
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €240.419m
  • Shares outstanding: 43.01m
  • Website: https://www.greenyard.group

Number of Employees


Location

  • Greenyard NV
  • Strijbroek 10
  • Sint-Katelijne-Waver
  • Antwerp
  • 2860
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GREENENXTBR (Euronext Brussels)YesCommon SharesBEEURJun 2013
0JZ8LSE (London Stock Exchange)YesCommon SharesGBEURJun 2013
GREENBBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJun 2013
2P1DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2013
PIGU.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2013

Biography

Greenyard NV produces and sells fresh, frozen, and prepared fruits, vegetables, flowers, and plants for retailers and food service companies, and food industry customers worldwide. It operates through Fres ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 20:33
End of Day Share Price2019/11/13 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.