ENXTBR:GREEN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Greenyard NV supplies fresh, frozen, and prepared fruit and vegetables in Germany, the Netherlands, Belgium, the United Kingdom, France, rest of Europe, and internationally. More Details

Rewards

Trading at 48.7% below our estimate of its fair value

Earnings are forecast to grow 111.85% per year

Risk Analysis

No risks detected for GREEN from our risk checks.


Snowflake Analysis

Fair value with moderate growth potential.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

GREEN

-1.6%

BE Food

-3.7%

BE Market


1 Year Return

86.7%

GREEN

26.4%

BE Food

-22.9%

BE Market

Return vs Industry: GREEN exceeded the Belgian Food industry which returned 27.1% over the past year.

Return vs Market: GREEN exceeded the Belgian Market which returned -22.6% over the past year.


Shareholder returns

GREENIndustryMarket
7 Day-2.1%-1.6%-3.7%
30 Day-10.0%3.4%-2.7%
90 Day-4.0%12.4%-4.0%
1 Year86.7%86.7%27.2%26.4%-21.7%-22.9%
3 Year-74.5%-74.9%4.7%2.1%-27.4%-31.8%
5 Year-62.6%-63.9%55.3%48.3%-18.6%-26.9%

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?

49.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GREEN (€5.1) is trading below our estimate of fair value (€9.95)

Significantly Below Fair Value: GREEN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GREEN is unprofitable, so we can't compare its PE Ratio to the XE 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 (0.6x) compared to the BE Food industry average (1.2x).


Next Steps

Future Growth

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

111.9%

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 (1.6%).

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 (3.5% per year) is forecast to grow slower than the Belgian market (7% per year).

High Growth Revenue: GREEN's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GREEN's Return on Equity is forecast to be low in 3 years time (10.4%).


Next Steps

  • Explore growth companies in the Food, Beverage & Tobacco industry.

Past Performance

How has Greenyard performed over the past 5 years?

-74.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GREEN is currently unprofitable.

Growing Profit Margin: GREEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GREEN is unprofitable, and losses have increased over the past 5 years at a rate of 74.6% 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 (5.6%).


Return on Equity

High ROE: GREEN has a negative Return on Equity (-16.74%), as it is currently unprofitable.


Next Steps

Financial Health

How is Greenyard's financial position?


Financial Position Analysis

Short Term Liabilities: GREEN's short term assets (€700.1M) do not cover its short term liabilities (€808.1M).

Long Term Liabilities: GREEN's short term assets (€700.1M) do not cover its long term liabilities (€750.7M).


Debt to Equity History and Analysis

Debt Level: GREEN's debt to equity ratio (135.5%) is considered high.

Reducing Debt: GREEN's debt to equity ratio has increased from 112.2% to 135.5% over the past 5 years.


Balance Sheet


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: Whilst unprofitable GREEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GREEN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 33.7% per year.


Next Steps

Dividend

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

1.39%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Hein Deprez (58 yo)

1.67yrs

Tenure

€610,000

Compensation

Mr. Hein Deprez serves as Co- CEO and Managing Director at Greenyard NV since February 9, 2019 and serves as its Executive Non Independent Director. Mr. Deprez has been the Chief Executive Officer and Mana ...


CEO Compensation Analysis

Compensation vs Market: Hein's total compensation ($USD718.58K) is above average for companies of similar size in the Belgian market ($USD420.36K).

Compensation vs Earnings: Hein's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Hein Deprez
Co- CEO1.67yrs€610.00kno data
Marc Zwaaneveld
Co- Chief Executive Officer1.67yrs€1.46mno data
Geert Peeters
Chief Financial Officer2.08yrsno datano data
Alexander Verbist
Group Legal Director5.08yrsno datano data
Benedicte Vandaele
Group HR Director1.5yrsno datano data
Charles-Henri Deprez
Managing Director of Fresh divisionno datano datano data
Yannick Peeters
Managing Director of Fresh Belgium0.75yrno datano data
Dennis Duinslaeger
Investor Relations Managerno datano datano data
Nancy Goovaerts
Corporate Communications Managerno datano datano data
Dominiek Stinckens
Managing Director of Prepared Divisionno datano datano data
Irénke Meekma
Managing Director of Fresh-Bakker Division5.08yrsno datano data
Erwin Wuyts
Managing Director of Frozen division1.08yrsno datano data

1.7yrs

Average Tenure

Experienced Management: GREEN's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hein Deprez
Co- CEO1.67yrs€610.00kno data
Marc Ooms
Non-Executive Non-Independent Director5.33yrs€57.50kno data
Stanley Findlay
Directorno datano datano data
Hilde Laga
Non-Executive Independent Director5.92yrs€65.50kno data
Veerle Deprez
Non-Executive Non-Independent Director5.33yrs€65.00kno data
Aalt Dijkhuizen
Non-Executive Independent Director4.08yrs€61.50kno data
Koen Hoffman
Independent Non-Executive Chairman2.75yrs€142.50kno data
Dirk Van Vlaenderen
Non-Executive Independent Director4.42yrs€70.50kno data
Johan Vanovenberghe
Non-Executive Non-Independent Director5.33yrsno datano data
Valentine Deprez
Non-Executive Non-Independent Director2.75yrs€57.50kno data

5.3yrs

Average Tenure

61yo

Average Age

Experienced Board: GREEN's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

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


Key Information

  • Name: Greenyard NV
  • Ticker: GREEN
  • Exchange: ENXTBR
  • Founded: 1965
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €216.764m
  • 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 supplies fresh, frozen, and prepared fruit and vegetables in Germany, the Netherlands, Belgium, the United Kingdom, France, rest of Europe, and internationally. It operates through Fresh and L ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 22:06
End of Day Share Price2020/10/20 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.