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Ebro Foods

BME:EBRO
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EBRO
BME
€3B
Market Cap
  1. Home
  2. ES
  3. Food, Beverage & Tobacco
Company description

Ebro Foods, S.A. produces and sells food products in Europe, North America, Asia, and Africa. The last earnings update was 79 days ago. More info.


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EBRO Share Price and Events
7 Day Returns
-0.1%
BME:EBRO
0.1%
ES Food
0.4%
ES Market
1 Year Returns
-6.8%
BME:EBRO
-13.1%
ES Food
-4.2%
ES Market
EBRO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ebro Foods (EBRO) -0.1% -4.1% -0.3% -6.8% -11.3% 17.8%
ES Food 0.1% -0.5% -7.3% -13.1% 12.6% 41.2%
ES Market 0.4% 1.6% -2.1% -4.2% 10.5% -14%
1 Year Return vs Industry and Market
  • EBRO outperformed the Food industry which returned -13.1% over the past year.
  • EBRO underperformed the Market in Spain which returned -4.2% over the past year.
Price Volatility
EBRO
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Ebro Foods 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 Ebro Foods 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 Ebro Foods.

BME:EBRO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

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 BME:EBRO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.564 (1 + (1- 25%) (24.88%))
0.778
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (0.8 * 8.18%)
8.07%

Discounted Cash Flow Calculation for BME:EBRO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ebro Foods 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.

BME:EBRO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.07%)
2020 164.44 Analyst x7 152.16
2021 193.20 Analyst x5 165.42
2022 235.50 Analyst x2 186.58
2023 201.00 Analyst x1 147.36
2024 179.66 Est @ -10.61% 121.88
2025 167.14 Est @ -6.97% 104.92
2026 159.74 Est @ -4.42% 92.79
2027 155.53 Est @ -2.64% 83.59
2028 153.37 Est @ -1.39% 76.28
2029 152.58 Est @ -0.51% 70.22
Present value of next 10 years cash flows €1,201.20
BME:EBRO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €152.58 × (1 + 1.53%) ÷ (8.07% – 1.53%)
€2,367.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,367.19 ÷ (1 + 8.07%)10
€1,089.39
BME:EBRO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,201.20 + €1,089.39
€2,290.59
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,290.59 / 153.87
€14.89
BME:EBRO Discount to Share Price
Calculation Result
Value per share (EUR) From above. €14.89
Current discount Discount to share price of €18.59
= -1 x (€18.59 - €14.89) / €14.89
-24.9%

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

  • The current share price of Ebro Foods is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Ebro Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ebro Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:EBRO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.92
BME:EBRO Share Price ** BME (2019-07-18) in EUR €18.59
Europe Food Industry PE Ratio Median Figure of 118 Publicly-Listed Food Companies 17.25x
Spain Market PE Ratio Median Figure of 141 Publicly-Listed Companies 17.33x

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

** Primary Listing of Ebro Foods.

BME:EBRO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:EBRO Share Price ÷ EPS (both in EUR)

= 18.59 ÷ 0.92

20.2x

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

  • Ebro Foods is overvalued based on earnings compared to the Europe Food industry average.
  • Ebro Foods is overvalued based on earnings compared to the Spain market.
Price based on expected Growth
Does Ebro Foods's expected growth come at a high price?
Raw Data
BME:EBRO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
6.9%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.67x
Spain Market PEG Ratio Median Figure of 82 Publicly-Listed Companies 1.66x

*Line of best fit is calculated by linear regression .

BME:EBRO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.2x ÷ 6.9%

2.92x

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

  • Ebro Foods is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ebro Foods's assets?
Raw Data
BME:EBRO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €14.05
BME:EBRO Share Price * BME (2019-07-18) in EUR €18.59
Spain Food Industry PB Ratio Median Figure of 6 Publicly-Listed Food Companies 2.04x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.6x
BME:EBRO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:EBRO Share Price ÷ Book Value per Share (both in EUR)

= 18.59 ÷ 14.05

1.32x

* Primary Listing of Ebro Foods.

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

  • Ebro Foods is good value based on assets compared to the ES Food industry average.
X
Value checks
We assess Ebro Foods'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. Ebro Foods has a total score of 1/6, 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.

Future Performance

 How is Ebro Foods expected to perform in the next 1 to 3 years based on estimates from 9 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ebro Foods expected to grow at an attractive rate?
  • Ebro Foods's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Ebro Foods's earnings growth is positive but not above the Spain market average.
  • Ebro Foods's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:EBRO Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:EBRO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 6.9%
BME:EBRO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.5%
Europe Food Industry Earnings Growth Rate Market Cap Weighted Average 10%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Spain Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
BME:EBRO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:EBRO Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,828 301 189 1
2022-12-31 2,891 322 207 2
2021-12-31 2,868 307 195 7
2020-12-31 2,794 285 181 9
2019-12-31 2,747 262 166 6
BME:EBRO Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 2,718 135
2018-12-31 2,648 212 142
2018-09-30 2,599 192
2018-06-30 2,536 145 205
2018-03-31 2,502 212
2017-12-31 2,508 197 221
2017-09-30 2,471 170
2017-06-30 2,492 210 174
2017-03-31 2,481 178
2016-12-31 2,460 186 170
2016-09-30 2,493 171
2016-06-30 2,487 268 173

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ebro Foods's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Ebro Foods's revenue is expected to grow by 1.5% 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
BME:EBRO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Ebro Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:EBRO Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.50 1.50 1.50 1.00
2021-12-31 1.30 1.39 1.21 4.00
2020-12-31 1.17 1.24 1.06 8.00
2019-12-31 1.09 1.14 1.05 6.00
BME:EBRO Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31
2018-12-31 0.92
2018-09-30
2018-06-30 1.33
2018-03-31
2017-12-31 1.43
2017-09-30
2017-06-30 1.13
2017-03-31
2016-12-31 1.10
2016-09-30
2016-06-30 1.12

*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.
  • Ebro Foods is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ebro Foods'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 Europe 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.
Ebro Foods has a total score of 1/6, 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.

Past Performance

  How has Ebro Foods 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 Ebro Foods'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.
  • Ebro Foods's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Ebro Foods's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ebro Foods's 1-year earnings growth is negative, it can't be compared to the Europe Food industry average.
Earnings and Revenue History
Ebro Foods'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 Ebro Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:EBRO Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,717.82 135.08 361.76
2018-12-31 2,647.80 141.59 360.50
2018-09-30 2,598.69 192.33 426.15
2018-06-30 2,536.40 204.85 440.70
2018-03-31 2,502.24 212.43 333.61
2017-12-31 2,507.71 220.60 338.98
2017-09-30 2,471.26 170.41 430.32
2017-06-30 2,491.97 174.24 438.72
2017-03-31 2,481.38 178.01 334.60
2016-12-31 2,460.34 169.72 431.84
2016-09-30 2,493.46 170.57 403.21
2016-06-30 2,486.79 172.79 411.40
2016-03-31 2,479.21 157.92 308.30
2015-12-31 2,462.93 144.85 394.02
2015-09-30 2,391.54 144.21 345.33
2015-06-30 2,328.88 133.18 356.51
2015-03-31 2,219.27 140.72 338.59
2014-12-31 2,122.42 148.24 335.23
2014-09-30 2,021.56 149.51 309.00
2014-06-30 1,971.05 143.65 318.44
2014-03-31 1,970.14 146.44 236.14
2013-12-31 1,957.68 140.27 313.08
2013-09-30 2,022.52 147.95 328.49
2013-06-30 1,942.44 165.14 302.65
2013-03-31 2,013.16 159.25 249.70
2012-12-31 1,981.78 161.12 307.06
2012-09-30 2,018.57 169.02 301.25

*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.
  • Ebro Foods has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ebro Foods used its assets less efficiently than the Europe Food industry average last year based on Return on Assets.
  • Ebro Foods's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ebro Foods'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.
Ebro Foods has a total score of 1/6, 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.

Health

 How is Ebro Foods'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 Ebro Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ebro Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ebro Foods's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ebro Foods'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 covered by short term assets, assets are 1.7x 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 Ebro Foods Company Filings, last reported 3 months ago.

BME:EBRO Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,190.20 711.52 172.37
2018-12-31 2,190.20 711.12 172.37
2018-09-30 2,105.75 830.44 290.11
2018-06-30 2,105.75 830.04 290.11
2018-03-31 2,121.93 673.38 270.53
2017-12-31 2,121.93 680.11 270.53
2017-09-30 2,024.83 682.17 350.72
2017-06-30 2,024.83 682.17 350.72
2017-03-31 2,106.40 646.59 292.90
2016-12-31 2,106.40 646.59 292.90
2016-09-30 1,977.97 589.83 236.99
2016-06-30 1,977.97 589.83 236.99
2016-03-31 1,992.92 566.35 213.52
2015-12-31 1,992.92 566.35 213.52
2015-09-30 1,901.40 535.43 146.51
2015-06-30 1,901.40 535.43 146.51
2015-03-31 1,873.81 513.80 192.65
2014-12-31 1,873.81 513.80 192.65
2014-09-30 1,779.13 444.58 98.13
2014-06-30 1,779.13 444.58 98.13
2014-03-31 1,728.26 419.64 94.52
2013-12-31 1,728.26 419.64 94.52
2013-09-30 1,665.62 370.85 101.64
2013-06-30 1,665.62 370.85 101.64
2013-03-31 1,693.24 408.39 174.02
2012-12-31 1,693.24 408.39 174.02
2012-09-30 1,626.62 422.17 94.77
  • Ebro Foods's level of debt (32.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.3% vs 32.5% today).
  • Debt is well covered by operating cash flow (29.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.1x coverage).
X
Financial health checks
We assess Ebro Foods'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. Ebro Foods has a total score of 5/6, 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.

Dividends

 What is Ebro Foods'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
3.07%
Current annual income from Ebro Foods dividends. Estimated to be 3.51% next year.
If you bought €2,000 of Ebro Foods shares you are expected to receive €61 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?
  • Ebro Foods's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.3%).
  • Ebro Foods's dividend is below the markets top 25% of dividend payers in Spain (5.3%).
Upcoming dividend payment

Purchase Ebro Foods before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BME:EBRO 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 9 Analyst Estimates (S&P Global) See Below
Europe Food Industry Average Dividend Yield Market Cap Weighted Average of 94 Stocks 2.4%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.3%
Spain Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

BME:EBRO Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.78 1.00
2022-12-31 0.65 2.00
2021-12-31 0.68 6.00
2020-12-31 0.65 9.00
2019-12-31 0.63 9.00
BME:EBRO Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.570 3.019
2019-02-28 0.570 3.008
2018-04-30 0.570 3.065
2017-04-26 0.570 2.820
2016-02-17 0.540 2.732
2015-03-24 0.660 3.731
2015-02-25 0.660 3.882
2015-02-23 0.600 3.841
2014-10-30 0.500 3.457
2014-07-30 0.500 3.350
2014-07-29 0.500 3.144
2014-04-29 0.500 3.079
2014-02-26 0.500 3.067
2013-07-26 0.600 3.601
2013-04-25 0.600 3.838
2013-02-28 0.600 3.942
2012-05-03 0.450 3.285
2012-02-29 0.450 3.186
2010-12-22 0.416 2.808
2010-04-29 1.000 6.927
2008-12-19 0.360 3.104

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ebro Foods's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Ebro Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Ebro Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ebro Foods has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Ebro Foods'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
Antonio Hernández Callejas
COMPENSATION €2,998,000
CEO Bio

Mr. Antonio Hernández Callejas serves as the Chief Executive Officer of Ebro Foods SA (formerly Ebro Puleva SA), parent company of Riviana Foods Inc. Mr. Callejas has extensive experience in the business sector, with numerous positions as executive and director of several rice and food enterprises. He served at Invergestión de Situaciones Especiales, SCR, S.A. Mr. Callejas has been Chairman of the Board of Directors at Ebro Foods SA since April 27, 2005. He serves as the Chairman of the Board of Riviana Foods Inc. and SOS Cuetara USA, Inc. He served as an Executive Vice Chairman of Ebro Puleva SA. He serves as a Director of PANZANI S.A.S. He has been an Executive Director of Ebro Foods SA (Ebro Puleva SA) since January 21, 2002. He served as a Director of Deoleo SA since January 20, 2011 until January 31, 2014. He served as a Director of Puleva Biotech SA (now Biosearch SA) since June 23, 2003. Mr. Callejas studied B.A. in Economics and Business Studies.

CEO Compensation
  • Antonio's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Antonio's remuneration is higher than average for companies of similar size in Spain.
Management Team Tenure

Average tenure of the Ebro Foods management team in years:

7.5
Average Tenure
  • The average tenure for the Ebro Foods management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Antonio Hernández Callejas

TITLE
Chairman of the Board & CEO
COMPENSATION
€3M

Felix Hernández Callejas

TITLE
Executive Director
COMPENSATION
€186K

Alfonso Fuertes Barró

TITLE
Finance Manager

Pablo Albendea Solis

TITLE
Chief Operating Officer

Leonardo Arias

TITLE
Manager of IT

Manuel De Luna

TITLE
Manager of Investor & Financial Institutions
TENURE
7.5 yrs

Ana María Antequera Pardo

TITLE
Manager of Communications

Luis Peña Pazos

TITLE
Secretary
TENURE
4.8 yrs

Jesús De Zabala Bazán

TITLE
Manager of Internal Audit

Yolanda De La Morena Cerezo

TITLE
Vice-Secretary of the Board
TENURE
14.3 yrs
Board of Directors Tenure

Average tenure of the Ebro Foods board of directors in years:

3
Average Tenure
  • The tenure for the Ebro Foods board of directors is about average.
Board of Directors

Demetrio Carceller Arce

TITLE
Vice-Chairman
COMPENSATION
€441K
AGE
57

Antonio Hernández Callejas

TITLE
Chairman of the Board & CEO
COMPENSATION
€3M
TENURE
14.3 yrs

Felix Hernández Callejas

TITLE
Executive Director
COMPENSATION
€186K
TENURE
9.1 yrs

José Comenge Sánchez-Real

TITLE
Lead Independent Director
COMPENSATION
€200K
AGE
67
TENURE
2.3 yrs

Fernando Castelló Clemente

TITLE
Independent Non-Executive Director
COMPENSATION
€211K
TENURE
18.6 yrs

María Hernández Rodríguez

TITLE
Non-Executive Proprietary Director
COMPENSATION
€236K
TENURE
13.4 yrs

Mercedes Costa García

TITLE
Non-Executive Independent Director
COMPENSATION
€203K
TENURE
3 yrs

Belén Barreiro Pérez-Pardo

TITLE
Independent Director
COMPENSATION
€196K
TENURE
2.5 yrs

Javier Gómez-Trenor Vergés

TITLE
Proprietary Director
COMPENSATION
€154K
TENURE
2.3 yrs

María Carceller Arce

TITLE
External Proprietary Director
COMPENSATION
€92K
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ebro Foods individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Jun 19 Buy José Comenge Sánchez-Real Individual 13. Jun 19 18. Jun 19 50,000 €19.86 €985,040
10. Jun 19 Buy José Comenge Sánchez-Real Individual 05. Jun 19 10. Jun 19 100,000 €19.47 €1,886,623
17. Mar 19 Buy Demetrio Carceller Arce Individual 24. Oct 18 24. Oct 18 100,000 €20.06 €1,881,900
26. Dec 18 Buy Pedro Zorrero Camas Individual 21. Dec 18 21. Dec 18 300 €17.50 €5,250
26. Dec 18 Buy José Comenge Sánchez-Real Individual 21. Dec 18 21. Dec 18 15,000 €17.43 €261,450
21. Dec 18 Buy José Comenge Sánchez-Real Individual 18. Dec 18 20. Dec 18 136,000 €17.58 €2,380,281
18. Dec 18 Buy José Comenge Sánchez-Real Individual 13. Dec 18 17. Dec 18 26,000 €17.57 €455,717
13. Dec 18 Buy José Comenge Sánchez-Real Individual 10. Dec 18 11. Dec 18 92,133 €17.44 €1,590,745
10. Dec 18 Buy José Comenge Sánchez-Real Individual 05. Dec 18 07. Dec 18 71,453 €17.50 €1,245,825
28. Nov 18 Buy José Comenge Sánchez-Real Individual 23. Nov 18 27. Nov 18 25,815 €17.81 €459,578
23. Nov 18 Buy José Comenge Sánchez-Real Individual 21. Nov 18 22. Nov 18 15,000 €17.72 €265,748
20. Nov 18 Buy José Comenge Sánchez-Real Individual 15. Nov 18 19. Nov 18 53,000 €17.58 €823,677
15. Nov 18 Buy José Comenge Sánchez-Real Individual 12. Nov 18 14. Nov 18 58,124 €17.59 €1,020,335
15. Nov 18 Buy Corporación Financiera Alba, S.A. Company 08. Nov 18 14. Nov 18 376,557 €17.81 €6,639,967
12. Nov 18 Buy José Comenge Sánchez-Real Individual 07. Nov 18 09. Nov 18 37,029 €17.77 €655,527
12. Nov 18 Buy Corporación Financiera Alba, S.A. Company 02. Nov 18 07. Nov 18 787,196 €17.37 €13,588,461
07. Nov 18 Buy José Comenge Sánchez-Real Individual 02. Nov 18 06. Nov 18 84,034 €17.35 €1,456,592
02. Nov 18 Buy José Comenge Sánchez-Real Individual 29. Oct 18 01. Nov 18 114,412 €17.32 €1,935,860
02. Nov 18 Buy Corporación Financiera Alba, S.A. Company 30. Oct 18 01. Nov 18 279,906 €17.33 €4,775,076
30. Oct 18 Buy Corporación Financiera Alba, S.A. Company 24. Oct 18 29. Oct 18 1,168,000 €16.77 €19,386,601
29. Oct 18 Buy José Comenge Sánchez-Real Individual 24. Oct 18 26. Oct 18 173,000 €16.63 €2,862,310
09. Oct 18 Buy Corporación Financiera Alba, S.A. Company 10. Aug 18 12. Sep 18 467,185 €18.59 €8,431,344
09. Aug 18 Buy Antonio Hernández Callejas Individual 07. Aug 18 08. Aug 18 55,000 €18.00 €989,215
02. Aug 18 Buy Antonio Hernández Callejas Individual 31. Jul 18 01. Aug 18 30,000 €18.57 €555,964
31. Jul 18 Buy Antonio Hernández Callejas Individual 27. Jul 18 27. Jul 18 20,000 €18.90 €378,000
X
Management checks
We assess Ebro Foods'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. Ebro Foods 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.

News

Simply Wall St News

Ebro Foods, S.A. (BME:EBRO): 2 Days To Buy Before The Ex-Dividend Date

If you are interested in cashing in on Ebro Foods, S.A.'s (BME:EBRO) upcoming dividend of €0.15 per share, you only have 2 days left to buy the shares before its ex-dividend date, 28 March 2019, in time for dividends payable on the 01 April 2019. … Below, I will explain how holding Ebro Foods can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

With A Return On Equity Of 9.6%, Has Ebro Foods, S.A.'s (BME:EBRO) Management Done Well?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Ebro Foods, S.A. … Our data shows Ebro Foods has a return on equity of 9.6% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Was Ebro Foods SA's (BME:EBRO) Earnings Growth Better Than The Industry's?

Examining Ebro Foods SA's (BME:EBRO) past track record of performance is a valuable exercise for investors. … Below, I will assess EBRO's latest performance announced on 30 June 2018 and weigh these figures against its longer term trend and industry movements. … Commentary On EBRO's Past Performance.

Simply Wall St -

How Did Ebro Foods SA's (BME:EBRO) 10.1% ROE Fare Against The Industry?

Ebro Foods SA (BME:EBRO) performed in line with its packaged foods and meats industry on the basis of its ROE – producing a return of 10.1% relative to the peer average of 11.1% over the past 12 months. … But what is more interesting is whether EBRO can sustain or improve on this level of return. … See our latest analysis for Ebro Foods

Simply Wall St -

Calculating The Intrinsic Value Of Ebro Foods SA (BME:EBRO)

In this article I am going to calculate the intrinsic value of Ebro Foods SA (BME:EBRO). … by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF).

Simply Wall St -

Who Owns Ebro Foods SA (BME:EBRO)?

I am going to take a deep dive into Ebro Foods SA’s (BME:EBRO) most recent ownership structure, not a frequent subject of discussion among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine EBRO's ownership structure in more detail.

Simply Wall St -

What Are Analysts Saying About The Future Of Ebro Foods SA's (BME:EBRO)?

Since Ebro Foods SA (BME:EBRO) released its earnings in March 2018, … as a -13.35% fall in profits is expected in the upcoming year … the past 5-year average growth rate of 8.93%.

Simply Wall St -

Should You Buy Ebro Foods SA (BME:EBRO) When Prices Drop?

Longstanding stocks such as Ebro Foods SA has fared well over time in a volatile stock market, which is why it’s my top pick to invest in. … Below I take a look at three key characteristics of what makes a strong defensive stock investment: its size, financial health and track record. … Check out our latest analysis for Ebro Foods.

Simply Wall St -

Does Ebro Foods SA's (BME:EBRO) PE Ratio Warrant A Sell?

EBRO is priced at a multiple of 14.09x based on its prior year’s earnings,. … which is -118.43413314330571 lower than 16.83x average multiple of the Food? … But can investors make a closing judgement of the company’s value based on this low multiple.

Simply Wall St -

Ebro Foods SA (BME:EBRO): Ex-Dividend Is In 2 Days, Should You Buy?

Investors who want to cash in on Ebro Foods SA's (BME:EBRO) upcoming dividend of €0.15 per share have only 2 days left to buy the shares before its ex-dividend date, 27 June 2018, in time for dividends payable on the 29 June 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Ebro Foods's latest financial data to analyse its dividend attributes. … If you are a dividend investor, you should always assess these five key metrics:

Simply Wall St -

Company Info

Description

Ebro Foods, S.A. produces and sells food products in Europe, North America, Asia, and Africa. It operates through three segments: Rice Business, Pasta Business, and Healthy Food and Organic Business. The company produces and distributes rice, rice-based products, and complementary food products; and fresh and dry pasta, sauces, semolina, and semolina based products. It also engages in industrial and branding activities under a multi-brand model. The company was formerly known as Ebro Puleva, S.A. and changed its name to Ebro Foods, S.A. in June 2010. Ebro Foods, S.A. is based in Madrid, Spain.

Details
Name: Ebro Foods, S.A.
EBRO
Exchange: BME
Founded:
€2,860,357,637
153,865,392
Website: http://www.ebrofoods.es
Address: Ebro Foods, S.A.
Paseo de la Castellana, 20,
3ª planta,
Madrid,
Madrid, 28046,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME EBRO Bearer Shares Bolsas y Mercados Espanoles ES EUR 29. May 1998
OTCPK EBRP.F Bearer Shares Pink Sheets LLC US USD 29. May 1998
DB AZU Bearer Shares Deutsche Boerse AG DE EUR 29. May 1998
LSE 0NYH Bearer Shares London Stock Exchange GB EUR 29. May 1998
BATS-CHIXE EBROE Bearer Shares BATS 'Chi-X Europe' GB EUR 29. May 1998
OTCPK EBRP.Y UNSPONSORD ADR Pink Sheets LLC US USD 25. Nov 2008
Number of employees
Current staff
Staff numbers
7,007
Ebro Foods employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 20:47
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.