BME:EBRO

Stock Analysis Report

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Executive Summary

Ebro Foods, S.A. produces and sells food products in Spain, rest of Europe, the United States, Canada, and internationally. More Details


Snowflake Analysis

Adequate balance sheet with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EBRO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.0%

EBRO

0.9%

ES Food

0.5%

ES Market


1 Year Return

5.4%

EBRO

10.7%

ES Food

-22.4%

ES Market

Return vs Industry: EBRO underperformed the Spanish Food industry which returned 16.5% over the past year.

Return vs Market: EBRO exceeded the Spanish Market which returned -22.8% over the past year.


Shareholder returns

EBROIndustryMarket
7 Day4.0%0.9%0.5%
30 Day-0.5%-0.2%3.0%
90 Day7.5%2.5%-3.3%
1 Year8.0%5.4%13.4%10.7%-20.0%-22.4%
3 Year4.9%-2.4%10.7%3.1%-19.8%-26.9%
5 Year32.3%16.7%35.0%21.5%-16.2%-29.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EBRO (€19.66) is trading above our estimate of fair value (€17.16)

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


Price To Earnings Ratio

PE vs Industry: EBRO is poor value based on its PE Ratio (19.6x) compared to the XE Food industry average (16.2x).

PE vs Market: EBRO is poor value based on its PE Ratio (19.6x) compared to the Spanish market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: EBRO is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: EBRO's PB Ratio (1.4x) is in line with the ES Food industry average.


Next Steps

Future Growth

How is Ebro Foods forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EBRO's forecast earnings growth (5.9% per year) is above the savings rate (1.3%).

Earnings vs Market: EBRO's earnings (5.9% per year) are forecast to grow slower than the Spanish market (31.4% per year).

High Growth Earnings: EBRO's earnings are forecast to grow, but not significantly.

Revenue vs Market: EBRO's revenue is expected to decline over the next 3 years (-0.09% per year).

High Growth Revenue: EBRO's revenue is forecast to decline over the next 3 years (-0.09% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EBRO's Return on Equity is forecast to be low in 3 years time (8.4%).


Next Steps

Past Performance

How has Ebro Foods performed over the past 5 years?

-1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EBRO has high quality earnings.

Growing Profit Margin: EBRO's current net profit margins (4.9%) are lower than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: EBRO's earnings have declined by 1.2% per year over the past 5 years.

Accelerating Growth: EBRO's earnings growth over the past year (11.4%) exceeds its 5-year average (-1.2% per year).

Earnings vs Industry: EBRO earnings growth over the past year (11.4%) exceeded the Food industry 5.6%.


Return on Equity

High ROE: EBRO's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is Ebro Foods's financial position?


Financial Position Analysis

Short Term Liabilities: EBRO's short term assets (€1.5B) exceed its short term liabilities (€960.3M).

Long Term Liabilities: EBRO's short term assets (€1.5B) exceed its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: EBRO's debt to equity ratio (43.4%) is considered high.

Reducing Debt: EBRO's debt to equity ratio has increased from 28.2% to 43.4% over the past 5 years.

Debt Coverage: EBRO's debt is well covered by operating cash flow (35%).

Interest Coverage: EBRO's interest payments on its debt are well covered by EBIT (33x coverage).


Balance Sheet


Next Steps

Dividend

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

2.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EBRO's dividend (2.9%) is higher than the bottom 25% of dividend payers in the Spanish market (2.38%).

High Dividend: EBRO's dividend (2.9%) is low compared to the top 25% of dividend payers in the Spanish market (6.86%).


Stability and Growth of Payments

Stable Dividend: EBRO's dividend payments have been volatile in the past 10 years.

Growing Dividend: EBRO's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.7%), EBRO's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EBRO's dividends in 3 years are forecast to be well covered by earnings (49.5% payout ratio).


Next Steps

Management

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

8.8yrs

Average management tenure


CEO

Antonio Hernández Callejas

no data

Tenure

€3,047,000

Compensation

Mr. Antonio Hernández Callejas serves as the Chief Executive Officer of Ebro Foods SA (formerly Ebro Foods, S.A. (formerly known as Ebro Puleva SA)), parent company of Riviana Foods Inc. Mr. Callejas has e ...


CEO Compensation Analysis

Compensation vs Market: Antonio's total compensation ($USD3.60M) is above average for companies of similar size in the Spanish market ($USD1.54M).

Compensation vs Earnings: Antonio's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Antonio Hernández Callejas
Chairman of the Board & CEOno data€3.05m0.16%
€ 5.1m
Felix Hernández Callejas
Executive Director10.33yrs€170.00kno data
Alfonso Fuertes Barró
Finance Managerno datano datano data
Pablo Albendea Solís
Chief Operating Officerno datano datano data
Leonardo Álvarez Arias
Manager of ITno datano datano data
Manuel González De Luna
Director of Investor & Financial Institutions8.75yrsno datano data
Ana María Antequera Pardo
Director of Communications & CSRno datano datano data
Luis Peña Pazos
Secretary6.08yrsno datano data
Yolanda De La Morena Cerezo
Vice-Secretary of the Board15.5yrsno datano data

8.8yrs

Average Tenure

Experienced Management: EBRO's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Antonio Hernández Callejas
Chairman of the Board & CEOno data€3.05m0.16%
€ 5.1m
Felix Hernández Callejas
Executive Director10.33yrs€170.00kno data
José Ignacio Comenge Sánchez-Real
Proprietary Director19.83yrs€170.00k0.0020%
€ 61.1k
Fernando Castelló Clemente
Independent Director19.83yrs€226.00k1.5%
€ 46.5m
Demetrio Carceller Arce
Vice-Chairman10.33yrs€401.00kno data
María Blanca Hernández Rodríguez
Proprietary Director14.67yrs€218.00kno data
Javier Fernández Alonso
Proprietary Director3.75yrs€335.00kno data
Mercedes Costa García
Lead Independent Director1.92yrs€225.00kno data
Belén Barreiro Pérez-Pardo
Independent Director3.75yrs€178.00kno data
Javier Gómez-Trenor Vergés
Proprietary Director3.58yrs€137.00kno data
María Carceller Arce
Proprietary Director2.58yrs€137.00kno data
Pedro Antonio Zorrero Camas
Independent Director1.83yrs€301.00kno data

7.0yrs

Average Tenure

58yo

Average Age

Experienced Board: EBRO's board of directors are considered experienced (7 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Ebro Foods, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ebro Foods, S.A.
  • Ticker: EBRO
  • Exchange: BME
  • Founded:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €3.100b
  • Shares outstanding: 153.87m
  • Website: https://www.ebrofoods.es

Number of Employees


Location

  • Ebro Foods, S.A.
  • Paseo de la Castellana, 20
  • 3rd and 4th Floors
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AZUDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 1998
EBROBME (Bolsas y Mercados Espanoles)YesBearer SharesESEURMay 1998
0NYHLSE (London Stock Exchange)YesBearer SharesGBEURMay 1998
EBRP.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDMay 1998
EBROEBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMay 1998
EBRP.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2008

Biography

Ebro Foods, S.A. produces and sells food products in Spain, rest of Europe, the United States, Canada, and internationally. It operates through Rice Business and Pasta Business segments. The company produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 21:32
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.