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FIF

Finsbury Food Group AIM:FIF Stock Report

Last Price

UK£0.71

Market Cap

UK£87.3m

7D

0.7%

1Y

-23.2%

Updated

15 Aug, 2022

Data

Company Financials +
FIF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends3/6

FIF Stock Overview

Finsbury Food Group Plc, together with its subsidiaries, manufactures and sells a range of cakes, bread, and bakery snack products in the United Kingdom and internationally.

Finsbury Food Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Finsbury Food Group
Historical stock prices
Current Share PriceUK£0.71
52 Week HighUK£1.03
52 Week LowUK£0.65
Beta1.22
1 Month Change3.65%
3 Month Change2.16%
1 Year Change-23.24%
3 Year Change10.08%
5 Year Change-36.63%
Change since IPO144.83%

Recent News & Updates

Apr 07
Should You Investigate Finsbury Food Group Plc (LON:FIF) At UK£0.75?

Should You Investigate Finsbury Food Group Plc (LON:FIF) At UK£0.75?

Finsbury Food Group Plc ( LON:FIF ), might not be a large cap stock, but it saw a double-digit share price rise of over...

Shareholder Returns

FIFGB FoodGB Market
7D0.7%0.8%0.4%
1Y-23.2%-18.6%-9.0%

Return vs Industry: FIF underperformed the UK Food industry which returned -18.6% over the past year.

Return vs Market: FIF underperformed the UK Market which returned -9% over the past year.

Price Volatility

Is FIF's price volatile compared to industry and market?
FIF volatility
FIF Average Weekly Movement2.6%
Food Industry Average Movement4.5%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: FIF is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FIF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19253,000John Duffyhttps://www.finsburyfoods.co.uk

Finsbury Food Group Plc, together with its subsidiaries, manufactures and sells a range of cakes, bread, and bakery snack products in the United Kingdom and internationally. It offers various bread and morning goods, such as buns and rolls, hot cross buns, muffins, artisan breads, and healthy lifestyle, as well as baguettes, doughnuts, and sliced breads; and cakes, including sponge cakes, loaf cakes, seasonal cakes, and individually portioned sweet snacks, such as chocolate cake bites, cake slices, cake bars, and mini rolls. The company provides its bakery products to wholesalers and end-user operators, such as hotels, pub and restaurant chains, and food outlets under its food service brand Kara; and caramel shortbread to coffee shop chains and foodservice customers under its food service brand Johnstone’s.

Finsbury Food Group Fundamentals Summary

How do Finsbury Food Group's earnings and revenue compare to its market cap?
FIF fundamental statistics
Market CapUK£87.33m
Earnings (TTM)UK£11.16m
Revenue (TTM)UK£326.84m

7.8x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIF income statement (TTM)
RevenueUK£326.84m
Cost of RevenueUK£221.87m
Gross ProfitUK£104.97m
Other ExpensesUK£93.81m
EarningsUK£11.16m

Last Reported Earnings

Dec 25, 2021

Next Earnings Date

Sep 26, 2022

Earnings per share (EPS)0.091
Gross Margin32.12%
Net Profit Margin3.41%
Debt/Equity Ratio18.8%

How did FIF perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FIF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FIF?

Other financial metrics that can be useful for relative valuation.

FIF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA4.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does FIF's PE Ratio compare to its peers?

FIF PE Ratio vs Peers
The above table shows the PE ratio for FIF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.8x
ANP Anpario
30.5xn/aUK£143.8m
HOTC Hotel Chocolat Group
15.6x36.7%UK£201.2m
DVO Devro
11.5x6.7%UK£318.1m
MHPC MHP
1.7x-1.3%US$428.2m
FIF Finsbury Food Group
7.8xn/aUK£87.3m

Price-To-Earnings vs Peers: FIF is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (14.8x).


Price to Earnings Ratio vs Industry

How does FIF's PE Ratio compare vs other companies in the GB Food Industry?

Price-To-Earnings vs Industry: FIF is good value based on its Price-To-Earnings Ratio (7.8x) compared to the UK Food industry average (16.1x)


Price to Earnings Ratio vs Fair Ratio

What is FIF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FIF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FIF's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FIF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FIF (£0.71) is trading below our estimate of fair value (£6.42)

Significantly Below Fair Value: FIF is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Finsbury Food Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FIF's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if FIF's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if FIF's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FIF's revenue (6.8% per year) is forecast to grow faster than the UK market (4.4% per year).

High Growth Revenue: FIF's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FIF's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Finsbury Food Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FIF has high quality earnings.

Growing Profit Margin: FIF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FIF's earnings have grown by 2.9% per year over the past 5 years.

Accelerating Growth: FIF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FIF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (11.9%).


Return on Equity

High ROE: FIF's Return on Equity (10.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Finsbury Food Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FIF's short term assets (£80.9M) exceed its short term liabilities (£70.0M).

Long Term Liabilities: FIF's short term assets (£80.9M) exceed its long term liabilities (£47.7M).


Debt to Equity History and Analysis

Debt Level: FIF's net debt to equity ratio (11.1%) is considered satisfactory.

Reducing Debt: FIF's debt to equity ratio has reduced from 24.3% to 18.8% over the past 5 years.

Debt Coverage: FIF's debt is well covered by operating cash flow (91.5%).

Interest Coverage: FIF's interest payments on its debt are well covered by EBIT (20.1x coverage).


Balance Sheet


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Dividend

What is Finsbury Food Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FIF's dividend (2.34%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: FIF's dividend (2.34%) is low compared to the top 25% of dividend payers in the UK market (5.09%).


Stability and Growth of Payments

Stable Dividend: FIF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FIF's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.1%), FIF's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (14.8%), FIF's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

8.6yrs

Average board tenure


CEO

John Duffy (57 yo)

12.92yrs

Tenure

UK£868,000

Compensation

Mr. John Gerald Duffy has been the Chief Executive Officer of Finsbury Food Group Plc since September 30, 2009. Mr. Duffy served as the Chief Operating Officer of Finsbury Food Group since September 2008....


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.05M) is above average for companies of similar size in the UK market ($USD338.23K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: FIF's board of directors are considered experienced (8.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Finsbury Food Group Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Finsbury Food Group Plc
  • Ticker: FIF
  • Exchange: AIM
  • Founded: 1925
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: UK£87.328m
  • Shares outstanding: 123.00m
  • Website: https://www.finsburyfoods.co.uk

Number of Employees


Location

  • Finsbury Food Group Plc
  • Maes-Y-Coed Road
  • Cardiff
  • South Glamorgan
  • CF14 4XR
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2021/12/25
Annual Earnings2021/06/26


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.