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ARYZTA

DB:YZA
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YZA
DB
CHF907M
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

ARYZTA AG provides frozen B2B baking solutions in Europe, North America, and internationally. The last earnings update was 132 days ago. More info.


Add to Portfolio Compare Print
  • ARYZTA has significant price volatility in the past 3 months.
YZA Share Price and Events
7 Day Returns
0%
DB:YZA
-4.9%
DE Food
-0.7%
DE Market
1 Year Returns
-92.3%
DB:YZA
-1.6%
DE Food
-7.6%
DE Market
YZA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ARYZTA (YZA) 0% -7.1% -23.7% -92.3% -97.2% -98.6%
DE Food -4.9% -3.4% 5.3% -1.6% -17.2% 15%
DE Market -0.7% -0.8% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • YZA underperformed the Food industry which returned -1.6% over the past year.
  • YZA underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
YZA
Industry
5yr Volatility vs Market

YZA Value

 Is ARYZTA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ARYZTA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ARYZTA.

DB:YZA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:YZA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 18%) (158.8%))
1.201
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.201 * 5.96%)
7.39%

Discounted Cash Flow Calculation for DB:YZA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ARYZTA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:YZA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.39%)
2020 82.88 Analyst x5 77.18
2021 125.30 Analyst x5 108.66
2022 126.00 Analyst x2 101.75
2023 113.00 Analyst x1 84.98
2024 104.47 Est @ -7.55% 73.16
2025 99.02 Est @ -5.22% 64.57
2026 95.47 Est @ -3.58% 57.97
2027 93.14 Est @ -2.44% 52.67
2028 91.61 Est @ -1.64% 48.24
2029 90.62 Est @ -1.08% 44.44
Present value of next 10 years cash flows €713.61
DB:YZA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €90.62 × (1 + 0.23%) ÷ (7.39% – 0.23%)
€1,268.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,268.97 ÷ (1 + 7.39%)10
€622.29
DB:YZA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €713.61 + €622.29
€1,335.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,335.90 / 990.20
€1.35
DB:YZA Discount to Share Price
Calculation Result
Exchange Rate EUR/CHF
(Reporting currency to currency of SWX:ARYN)
1.1
Value per Share
(CHF)
= Value per Share in EUR x Exchange Rate (EUR/CHF)
= €1.35 x 1.1
CHF1.48
Non-primary Listing Adjustment Factor 1 share in DB:YZA represents 1.02665x of SWX:ARYN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02665x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 1.48 x 1.02665
€1.52
Value per share (EUR) From above. €1.52
Current discount Discount to share price of €0.94
= -1 x (€0.94 - €1.52) / €1.52
38.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ARYZTA is available for.
Intrinsic value
38%
Share price is €0.94 vs Future cash flow value of €1.52
Current Discount Checks
For ARYZTA to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ARYZTA's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ARYZTA's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ARYZTA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ARYZTA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YZA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in EUR €-0.84
SWX:ARYN Share Price ** SWX (2019-06-28) in CHF CHF0.92
SWX:ARYN Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.909 €0.83
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ARYZTA.

DB:YZA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:ARYN Share Price ÷ EPS (both in EUR)

= 0.83 ÷ -0.84

-0.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ARYZTA is loss making, we can't compare its value to the DE Food industry average.
  • ARYZTA is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does ARYZTA's expected growth come at a high price?
Raw Data
DB:YZA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
50.2%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.68x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ARYZTA, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ARYZTA's assets?
Raw Data
DB:YZA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in EUR €3.69
SWX:ARYN Share Price * SWX (2019-06-28) in CHF CHF0.92
SWX:ARYN Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.909 €0.83
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.06x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:YZA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:ARYN Share Price ÷ Book Value per Share (both in EUR)

= 0.83 ÷ 3.69

0.23x

* Primary Listing of ARYZTA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ARYZTA is good value based on assets compared to the DE Food industry average.
X
Value checks
We assess ARYZTA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. ARYZTA has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

YZA Future Performance

 How is ARYZTA expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ARYZTA expected to grow at an attractive rate?
  • ARYZTA's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ARYZTA's earnings growth is expected to exceed the Germany market average.
  • ARYZTA's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YZA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YZA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 50.2%
DB:YZA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.7%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 36%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:YZA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YZA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-07-31 3,830 278 105 2
2022-07-31 3,688 282 65 3
2021-07-31 3,545 290 45 9
2020-07-31 3,472 248 16 11
2019-07-31 3,404 130 -23 11
DB:YZA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-01-31 3,360 127 -312
2018-10-31 3,398 138 -407
2018-07-31 3,435 150 -502
2018-04-30 3,556 192 -749
2018-01-31 3,677 233 -995
2017-10-31 3,737 295 -967
2017-07-31 3,797 356 -940
2017-04-30 3,811 410 -535
2017-01-31 3,825 465 -131
2016-10-31 3,852 531 -25
2016-07-31 3,879 597 81
2016-04-30 3,901 538 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ARYZTA's earnings are expected to grow significantly at over 20% yearly.
  • ARYZTA's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:YZA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from ARYZTA Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YZA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-07-31 0.09 0.09 0.09 1.00
2022-07-31 0.06 0.06 0.06 1.00
2021-07-31 0.03 0.07 0.00 5.00
2020-07-31 0.00 0.05 -0.06 5.00
2019-07-31 -0.04 -0.01 -0.09 5.00
DB:YZA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-01-31 -0.84
2018-10-31 -0.62
2018-07-31 -5.62
2018-04-30 -8.35
2018-01-31 -11.07
2017-10-31
2017-07-31 -10.46
2017-04-30 -5.96
2017-01-31 -1.45
2016-10-31 -0.28
2016-07-31 0.90
2016-04-30 0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ARYZTA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ARYZTA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ARYZTA has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

YZA Past Performance

  How has ARYZTA performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ARYZTA's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ARYZTA does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ARYZTA's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ARYZTA's 1-year growth to the DE Food industry average as it is not currently profitable.
Earnings and Revenue History
ARYZTA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ARYZTA Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YZA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 3,359.58 -312.27 491.65
2018-10-31 3,397.50 -407.15 509.27
2018-07-31 3,435.42 -502.03 526.90
2018-04-30 3,556.35 -748.57 551.66
2018-01-31 3,677.28 -995.11 576.43
2017-10-31 3,737.03 -967.49 582.08
2017-07-31 3,796.77 -939.87 587.72
2017-04-30 3,810.83 -535.24 571.26
2017-01-31 3,824.89 -130.61 554.79
2016-10-31 3,851.88 -24.88 546.50
2016-07-31 3,878.87 80.85 538.21
2016-04-30 3,900.62 29.05 522.56
2016-01-31 3,922.38 -22.76 506.91
2015-10-31 3,871.30 -29.03 500.77
2015-07-31 3,820.23 -35.31 494.63
2015-01-31 3,148.85 78.23 446.08
2014-10-31 3,271.32 70.47 450.93
2014-07-31 3,393.78 62.70 455.79
2014-04-30 4,673.76 93.99 721.71
2014-01-31 4,538.50 82.02 706.13
2013-10-31 4,521.09 95.77 783.69
2013-07-31 4,503.69 109.52 861.24
2013-04-30 4,433.95 114.67 857.82
2013-01-31 4,364.21 119.82 854.39
2012-10-31 4,285.94 124.72 850.42
2012-07-31 4,207.67 129.62 846.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ARYZTA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ARYZTA has efficiently used its assets last year compared to the DE Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ARYZTA improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ARYZTA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ARYZTA has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

YZA Health

 How is ARYZTA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ARYZTA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ARYZTA's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ARYZTA's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ARYZTA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ARYZTA Company Filings, last reported 5 months ago.

DB:YZA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 2,428.30 1,308.32 497.28
2018-10-31 2,428.30 1,308.32 497.28
2018-07-31 1,672.86 2,027.46 517.85
2018-04-30 1,672.86 2,027.46 517.85
2018-01-31 1,939.10 2,158.82 535.75
2017-10-31 1,939.10 2,158.82 535.75
2017-07-31 2,201.65 2,269.83 535.57
2017-04-30 2,201.65 2,269.83 535.57
2017-01-31 3,057.59 2,178.03 324.74
2016-10-31 3,057.59 2,178.03 324.74
2016-07-31 3,187.77 2,373.71 647.72
2016-04-30 3,187.77 2,373.71 647.72
2016-01-31 3,124.96 2,373.88 544.84
2015-10-31 3,124.96 2,373.88 544.84
2015-07-31 3,221.94 2,049.80 316.87
2015-01-31 2,838.09 2,903.46 872.58
2014-10-31 2,838.09 2,903.46 872.58
2014-07-31 2,791.46 2,352.72 694.84
2014-04-30 2,791.46 2,352.72 694.84
2014-01-31 2,641.28 1,594.36 589.19
2013-10-31 2,641.28 1,594.36 589.19
2013-07-31 2,760.63 1,507.47 626.94
2013-04-30 2,760.63 1,507.47 626.94
2013-01-31 2,410.71 1,592.16 529.10
2012-10-31 2,410.71 1,592.16 529.10
2012-07-31 2,509.36 1,590.99 547.48
  • ARYZTA's level of debt (53.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (60.7% vs 53.9% today).
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.

  • Whilst loss making ARYZTA has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making ARYZTA has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 46.4% per year.
X
Financial health checks
We assess ARYZTA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ARYZTA has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

YZA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ARYZTA dividends. Estimated to be 0.05% next year.
If you bought €2,000 of ARYZTA shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ARYZTA's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ARYZTA's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:YZA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:YZA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-07-31
2022-07-31
2021-07-31 0.00 7.00
2020-07-31 0.00 7.00
2019-07-31 0.00 7.00
DB:YZA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.000 0.000
2018-10-01 0.000 0.000
2017-10-02 0.299 1.880
2017-09-25 0.299 1.185
2016-10-03 0.519 1.655
2016-09-26 0.519 1.337
2015-10-05 0.596 1.588
2015-09-28 0.596 1.531
2014-10-06 0.626 1.122
2014-09-29 0.626 0.946
2013-10-07 0.534 0.875
2013-09-30 0.534 1.062
2012-12-11 0.480 1.120
2012-10-02 0.500 1.322
2012-09-24 0.500 1.343
2011-12-01 0.452 1.259
2011-10-05 0.460 1.384
2011-09-26 0.460 1.410
2010-09-23 0.362 1.074
2009-10-05 0.348 1.226
2009-09-28 0.348 1.277
2009-03-09 0.000 0.000
2008-09-22 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ARYZTA has not reported any payouts.
  • Unable to verify if ARYZTA's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ARYZTA's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ARYZTA has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ARYZTA's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess ARYZTA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ARYZTA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ARYZTA has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

YZA Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Toland
COMPENSATION €1,214,292
AGE 54
TENURE AS CEO 1.8 years
CEO Bio

Mr. Kevin E. Toland, FCMA has been Chief Executive Officer of ARYZTA AG/Aryzta plc since September 12, 2017 and also its Executive Director since December 12, 2017. Mr. Toland served as the Chief Executive Officer of daa plc from January 1, 2013 to September 7, 2017. Mr. Toland served as the President and Chief Executive Officer at Glanbia Nutritionals, Inc. He served as the President and Chief Executive Officer of Glanbia USA & Nutritionals at Glanbia plc until December 31, 2012. He served as Group Development Director of Glanbia Plc. He served as the Chief Executive of Consumer Foods Division at Glanbia PLC since May 1, 2001. He served as Group Director of Strategy and Marketing. Prior to Glanbia, he held a number of senior management positions with Coca-Cola Bottlers in Russia and with Diageo plc in Ireland and Central Europe. He served as Chairman at DAA Finance Plc until May 2018. He has been a Non-Executive Director of Total Produce plc since July 1, 2015. He served as Chief Executive Officer of ARI (a global retailer in travel retail) and daa International. Mr. Toland is a Director of IBEC. He served as a Director of daa plc until September 7, 2017. He served as a Director of DAA Finance plc from January 1, 2013 to May 2018. He serves as a Director of Dublin Airport Authority plc. He served as an Executive Director at Glanbia PLC from January 10, 2003 to January 5, 2013 and also served as its a Member of the US Advisory Board. He is a fellow of the Institute of Chartered Management Accountants. He holds Diploma in Applied Finance from the Irish Management Institute.

CEO Compensation
  • Insufficient data for Kevin to compare compensation growth.
  • Kevin's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ARYZTA management team in years:

1.5
Average Tenure
52.5
Average Age
  • The average tenure for the ARYZTA management team is less than 2 years, this suggests a new team.
Management Team

Kevin Toland

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
54
TENURE
1.8 yrs

Tony Murphy

TITLE
Chief People Officer
AGE
56
TENURE
1.6 yrs

Rob O'Boyle

TITLE
Chief Operating Officer of APMEA
AGE
44

Frédéric Pflanz

TITLE
Chief Financial Officer
AGE
51
TENURE
1.5 yrs

Paul Meade

TITLE
Head of Investor Relations

Rhona O’Brien

TITLE
General Counsel & Company Secretary
AGE
45
TENURE
0.8 yrs

John Heffernan

TITLE
Chief Strategy Officer
AGE
49
TENURE
1.4 yrs

Claudio Gekker

TITLE
Chief Operating Officer of Latin America
AGE
54

Gregory Sklikas

TITLE
Chief Executive Officer of Europe
AGE
55
TENURE
1.2 yrs

Tyson Yu

TITLE
President of ARYZTA Canada
Board of Directors Tenure

Average tenure and age of the ARYZTA board of directors in years:

2.4
Average Tenure
61
Average Age
  • The average tenure for the ARYZTA board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gary McGann

TITLE
Chairman
AGE
69
TENURE
2.6 yrs

Kevin Toland

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
54
TENURE
1.6 yrs

Annette Flynn

TITLE
Non Executive Director
AGE
53
TENURE
4.6 yrs

Dan Flinter

TITLE
Non-Executive Director
AGE
69
TENURE
3.6 yrs

Rolf Watter

TITLE
Non-Executive Director
AGE
61
TENURE
2.6 yrs

Andrew Morgan

TITLE
Non-Executive Director
AGE
63
TENURE
5.6 yrs

Jim Leighton

TITLE
Non-Executive Director
AGE
63
TENURE
2.2 yrs

Mike Andres

TITLE
Independent Non-Executive Director
AGE
61
TENURE
0.7 yrs

Greg Flack

TITLE
Independent Non-Executive Director
TENURE
0.7 yrs

Tim Lodge

TITLE
Independent Non-Executive Director
AGE
54
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess ARYZTA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ARYZTA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

YZA News

Simply Wall St News

YZA Company Info

Description

ARYZTA AG provides frozen B2B baking solutions in Europe, North America, and internationally. It offers bread rolls and artisan loaves, sweet baked goods and morning goods, and savoury and other products. The company also provides asset management services; and distributes food products. It serves large retail, convenience, and independent retailers, as well as quick service restaurants and other foodservice customers. The company has 56 bakeries in 29 countries. ARYZTA AG was founded in 1897 and is based in Zurich, Switzerland.

Details
Name: ARYZTA AG
YZA
Exchange: DB
Founded: 1897
CHF823,856,404
990,203,434
Website: http://www.aryzta.com
Address: ARYZTA AG
Talacker 41,
Zurich,
Zurich, 8001,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX ARYN New Ordinary Shares SIX Swiss Exchange CH CHF 22. Aug 2008
OTCPK ARZT.F New Ordinary Shares Pink Sheets LLC US USD 22. Aug 2008
DB YZA New Ordinary Shares Deutsche Boerse AG DE EUR 22. Aug 2008
LSE 0MFY New Ordinary Shares London Stock Exchange GB EUR 22. Aug 2008
ISE YZA New Ordinary Shares Irish Stock Exchange IE EUR 22. Aug 2008
BMV ARYN N New Ordinary Shares Bolsa Mexicana de Valores MX MXN 22. Aug 2008
OTCPK ARZT.Y UNSPONSORED ADR Pink Sheets LLC US USD 17. Feb 2009
Number of employees
Current staff
Staff numbers
18,895
ARYZTA employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 21:13
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/03/12
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.