Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods.
Established dividend payer and slightly overvalued.
Share Price & News
How has Kellogg's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KEL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KEL exceeded the German Food industry which returned 7.8% over the past year.
Return vs Market: KEL exceeded the German Market which returned 8.3% over the past year.
Price Volatility Vs. Market
How volatile is Kellogg's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Kellogg undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KEL (€59.51) is trading below our estimate of fair value (€107.3)
Significantly Below Fair Value: KEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEL is poor value based on its PE Ratio (23.3x) compared to the Food industry average (22.6x).
PE vs Market: KEL is poor value based on its PE Ratio (23.3x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: KEL is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: KEL is overvalued based on its PB Ratio (8.2x) compared to the DE Food industry average (2x).
How is Kellogg forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEL's forecast earnings growth (12.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: KEL's earnings (12.3% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: KEL's earnings are forecast to grow, but not significantly.
Revenue vs Market: KEL's revenue (0.6% per year) is forecast to grow slower than the German market (5.1% per year).
High Growth Revenue: KEL's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KEL's Return on Equity is forecast to be very high in 3 years time (40.3%).
How has Kellogg performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEL has high quality earnings.
Growing Profit Margin: KEL's current net profit margins (7.1%) are lower than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: KEL's earnings have grown by 19.8% per year over the past 5 years.
Accelerating Growth: KEL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KEL had negative earnings growth (-28.4%) over the past year, making it difficult to compare to the Food industry average (8.3%).
Return on Equity
High ROE: Whilst KEL's Return on Equity (29.48%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Kellogg's financial position?
Financial Position Analysis
Short Term Liabilities: KEL's short term assets ($3.4B) do not cover its short term liabilities ($4.8B).
Long Term Liabilities: KEL's short term assets ($3.4B) do not cover its long term liabilities ($9.5B).
Debt to Equity History and Analysis
Debt Level: KEL's debt to equity ratio (239%) is considered high.
Reducing Debt: KEL's debt to equity ratio has reduced from 256.4% to 239% over the past 5 years.
Debt Coverage: KEL's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: KEL's interest payments on its debt are well covered by EBIT (5.7x coverage).
Inventory Level: KEL has a high level of physical assets or inventory.
Debt Coverage by Assets: KEL's debt is not covered by short term assets (assets are 0.4x debt).
What is Kellogg's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: KEL's dividend (3.48%) is higher than the bottom 25% of dividend payers in the German market (1.38%).
High Dividend: KEL's dividend (3.48%) is low compared to the top 25% of dividend payers in the German market (3.73%).
Stability and Growth of Payments
Stable Dividend: KEL's dividends per share have been stable in the past 10 years.
Growing Dividend: KEL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.3%), KEL's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEL's dividends in 3 years are forecast to be covered by earnings (60.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Cahillane (54yo)
Mr. Steven A. Cahillane, also known as Steve, has been the Chief Executive Officer, President and Director of Kellogg Company since October 2, 2017 and has been its Chairman since March 16, 2018. Mr. Cahil ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD9.99M) is above average for companies of similar size in the German market ($USD4.41M).
Compensation vs Earnings: Insufficient data to compare Steve's compensation with company performance.
|Vice Chairman of Corporate Development & Chief Legal Officer||4.1yrs||US$3.47m||0.015% $3.1m|
|Senior Vice President of Global Supply Chain||7.8yrs||US$2.87m||0.011% $2.2m|
|Senior VP & President of Kellogg North America||6.3yrs||US$3.95m||0.0062% $1.3m|
|Senior VP & CFO||0.6yrs||no data||0.010% $2.1m|
|VP, Corporate Controller & Principal Accounting Officer||1.5yrs||no data||0.00035% $72.1k|
|Senior VP & Chief Information Officer||1yrs||no data||no data|
|Vice President of Investor Relations & Corporate Planning||3.8yrs||no data||no data|
|Vice President of Global Sales||4.8yrs||no data||no data|
|Senior VP & Chief Human Resources Officer||3.7yrs||no data||0.0027% $549.7k|
Experienced Management: KEL's management team is considered experienced (3.7 years average tenure).
|Lead Independent Director||0yrs||US$305.00k||0.011% $2.3m|
|Independent Director||3.7yrs||US$260.00k||0.0029% $590.9k|
|Non-Executive Director||19.6yrs||US$260.00k||0.011% $2.4m|
|Independent Director||5.2yrs||US$275.00k||no data|
|Independent Director||6yrs||US$280.00k||0.0047% $971.8k|
|Independent Director||2.7yrs||US$372.03k||0.0022% $450.9k|
|Independent Director||7.3yrs||US$280.00k||0.0059% $1.2m|
|Independent Director||4.2yrs||US$260.00k||0.0033% $675.3k|
|Independent Director||6yrs||US$260.00k||no data|
Experienced Board: KEL's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KEL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kellogg Company's company bio, employee growth, exchange listings and data sources
- Name: Kellogg Company
- Ticker: KEL
- Exchange: XTRA
- Founded: 1906
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: US$22.348b
- Listing Market Cap: US$20.590b
- Shares outstanding: 341.09m
- Website: https://www.kelloggcompany.com
Number of Employees
- Kellogg Company
- One Kellogg Square
- Battle Creek
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|K||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|KEL||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1968|
|KEL||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|K||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1968|
|0R1R||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1968|
|KELL||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jan 1968|
|K *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1968|
|K1EL34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 SHS UNSPON||BR||BRL||Jan 2020|
Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its snacks and other convenience foods under the Kellogg’s, Keebler, Cheez-It, Pringles, Murray, Austin, Famous Amos, Parati, and RXBAR brand names; cereals and cereal bars under the Kellogg’s, Kashi, and Bear Naked brands; and frozen foods under the Eggo and Morningstar Farms brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors in approximately 180 countries. Kellogg Company was founded in 1906 and is headquartered in Battle Creek, Michigan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 21:32|
|End of Day Share Price||2020/02/24 00:00|
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.