Associated British Foods plc

DB:AFO2 Stock Report

Market Cap: €18.2b

Associated British Foods Past Earnings Performance

Past criteria checks 4/6

Associated British Foods has been growing earnings at an average annual rate of 17.6%, while the Food industry saw earnings growing at 33.8% annually. Revenues have been growing at an average rate of 8% per year. Associated British Foods's return on equity is 13.1%, and it has net margins of 7.2%.

Key information

17.6%

Earnings growth rate

18.6%

EPS growth rate

Food Industry Growth9.9%
Revenue growth rate8.0%
Return on equity13.1%
Net Margin7.2%
Last Earnings Update14 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Associated British Foods makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:AFO2 Revenue, expenses and earnings (GBP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
14 Sep 2420,0731,455-730
14 Jun 2419,9991,318-660
02 Mar 2419,9241,1802,7630
02 Dec 2319,8371,1122,7630
16 Sep 2319,7501,044-600
16 Jun 2319,2138981,2210
04 Mar 2318,6757512,5010
04 Dec 2217,8367262,5010
17 Sep 2216,9977002,5010
17 Jun 2216,2257462,3790
16 Mar 2215,4537922,2560
16 Dec 2114,6696352,2560
18 Sep 2113,8844782,2560
18 Jun 2113,2444392,2500
27 Feb 2112,6044002,2440
27 Nov 2013,2714282,2440
12 Sep 2013,9374552,2440
12 Jun 2014,9385812,2840
29 Feb 2015,9387062,3240
30 Nov 1915,8817922,3240
14 Sep 1915,8248782,3240
14 Jun 1915,7548972,3110
02 Mar 1915,6849152,2970
02 Dec 1815,6299612,2970
15 Sep 1815,5741,0072,2970
15 Jun 1815,5291,0252,3210
03 Mar 1815,4831,0432,3450
03 Dec 1715,4201,1212,3450
16 Sep 1715,3571,1982,3450
16 Jun 1714,9681,1492,2260
04 Mar 1714,5781,0992,1060
04 Dec 1613,9899592,1060
17 Sep 1613,3998182,1060
17 Jun 1613,0347792,0730
27 Feb 1612,6697402,0400
27 Nov 1512,7356342,0400
12 Sep 1512,8005282,0400
12 Jun 1512,8935462,0560
28 Feb 1512,9855642,0720
30 Nov 1412,9646632,0720
13 Sep 1412,9437622,0720
13 Jun 1413,0666922,1100
01 Mar 1413,1886222,1470

Quality Earnings: AFO2 has high quality earnings.

Growing Profit Margin: AFO2's current net profit margins (7.2%) are higher than last year (5.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AFO2's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: AFO2's earnings growth over the past year (39.8%) exceeds its 5-year average (17.6% per year).

Earnings vs Industry: AFO2 earnings growth over the past year (39.8%) did not outperform the Food industry 48.7%.

Return on Equity

High ROE: AFO2's Return on Equity (13.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 06:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/14
Annual Earnings2024/09/14

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Associated British Foods plc is covered by 44 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rebecca McClellanBanco Santander
Alexandra OldroydBarclays
Nicolas CeronBarclays