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Real Good Food

AIM:RGD
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RGD
AIM
£7M
Market Cap
  1. Home
  2. GB
  3. Food, Beverage & Tobacco
Company description

Real Good Food plc sources, manufactures, and distributes food products to the retail, food services, and industrial sectors in the United Kingdom and internationally. The last earnings update was 210 days ago. More info.


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  • Real Good Food has significant price volatility in the past 3 months.
RGD Share Price and Events
7 Day Returns
0%
AIM:RGD
-1.4%
GB Food
0.3%
GB Market
1 Year Returns
-34.1%
AIM:RGD
-4.5%
GB Food
-1.9%
GB Market
RGD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Real Good Food (RGD) 0% 0% 28.9% -34.1% -77% -75.8%
GB Food -1.4% -2.6% -4.7% -4.5% -11% -12.1%
GB Market 0.3% 1.9% 0.4% -1.9% 11.4% 6.7%
1 Year Return vs Industry and Market
  • RGD underperformed the Food industry which returned -4.5% over the past year.
  • RGD underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.9% over the past year.
Price Volatility
RGD
Industry
5yr Volatility vs Market

Value

 Is Real Good Food 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
  • It is not possible to calculate the future cash flow value for Real Good Food. This is due to cash flow or dividend data being unavailable. The share price is £0.0725.
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 Real Good Food's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Real Good Food's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:RGD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £-0.38
AIM:RGD Share Price ** AIM (2019-07-18) in GBP £0.07
United Kingdom of Great Britain and Northern Ireland Food Industry PE Ratio Median Figure of 19 Publicly-Listed Food Companies 18.63x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 791 Publicly-Listed Companies 16.52x

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

** Primary Listing of Real Good Food.

AIM:RGD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:RGD Share Price ÷ EPS (both in GBP)

= 0.07 ÷ -0.38

-0.19x

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

  • Real Good Food is loss making, we can't compare its value to the GB Food industry average.
  • Real Good Food is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Real Good Food's expected growth come at a high price?
Raw Data
AIM:RGD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Food Industry PEG Ratio Median Figure of 16 Publicly-Listed Food Companies 1.74x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 572 Publicly-Listed Companies 1.43x

*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 Real Good Food, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Real Good Food's assets?
Raw Data
AIM:RGD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.53
AIM:RGD Share Price * AIM (2019-07-18) in GBP £0.07
United Kingdom of Great Britain and Northern Ireland Food Industry PB Ratio Median Figure of 30 Publicly-Listed Food Companies 1.13x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
AIM:RGD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:RGD Share Price ÷ Book Value per Share (both in GBP)

= 0.07 ÷ 0.53

0.14x

* Primary Listing of Real Good Food.

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

  • Real Good Food is good value based on assets compared to the GB Food industry average.
X
Value checks
We assess Real Good Food'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. Real Good Food 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 Real Good Food expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Real Good Food has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
13.5%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Real Good Food expected to grow at an attractive rate?
  • Unable to compare Real Good Food's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Real Good Food's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Real Good Food's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:RGD Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Food Industry Earnings Growth Rate Market Cap Weighted Average 13.5%
United Kingdom of Great Britain and Northern Ireland Food Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
AIM:RGD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:RGD Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:RGD Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 128 -6 -31
2018-06-30 129 -6 -29
2018-03-31 130 -7 -26
2017-09-30 91 -3 -9
2017-06-30 99 -1 -7
2017-03-31 108 0 -6
2016-09-30 103 5 -6
2016-06-30 102 0 -1
2016-03-31 100 -4 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Real Good Food is high growth as no earnings estimate data is available.
  • Unable to determine if Real Good Food is high growth as no revenue estimate data is available.
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
AIM:RGD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Real Good Food Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:RGD Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:RGD Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 -0.38
2018-06-30 -0.36
2018-03-31 -0.34
2017-09-30 -0.12
2017-06-30 -0.10
2017-03-31 -0.08
2016-09-30 -0.08
2016-06-30 -0.01
2016-03-31 0.06

*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.
  • Unable to establish if Real Good Food will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of RGD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Real Good Food's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Real Good Food's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Real Good Food'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Real Good Food has a total score of 0/6, 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 Real Good Food performed over the past 5 years?

  • Real Good Food's last earnings update was 210 days ago.
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 Real Good Food'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.
  • Real Good Food does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Real Good Food's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Real Good Food's 1-year growth to the GB Food industry average as it is not currently profitable.
Earnings and Revenue History
Real Good Food'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 Real Good Food Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:RGD Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 128.29 -31.29 31.56
2018-06-30 129.07 -28.52 32.24
2018-03-31 129.84 -25.75 32.93
2017-09-30 90.69 -8.57 25.96
2017-06-30 99.21 -7.16 26.95
2017-03-31 107.74 -5.75 27.94
2016-09-30 102.74 -5.93 25.41
2016-06-30 101.59 -0.76 24.59
2016-03-31 100.44 4.41 23.78
2015-09-30 105.68 10.40 23.40
2015-06-30 105.13 5.51 22.96
2015-03-31 104.58 0.63 22.52
2014-09-30 25.66 1.16 14.54
2014-06-30 67.95 1.43 16.94
2014-03-31 110.24 1.71 19.35
2013-12-31 265.33 1.67 31.74
2013-09-30 258.09 4.00 30.71
2013-06-30 261.92 4.39 29.90
2013-03-31 265.75 4.78 29.09
2012-09-30 254.01 2.65 26.65

*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 Real Good Food has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Real Good Food has efficiently used its assets last year compared to the GB Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Real Good Food 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 Real Good Food'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.
Real Good Food 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.

Health

 How is Real Good Food'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 Real Good Food's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Real Good Food is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Real Good Food's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Real Good Food'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x 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 Real Good Food Company Filings, last reported 9 months ago.

AIM:RGD Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 47.72 40.76 10.47
2018-06-30 47.72 40.76 10.47
2018-03-31 58.84 34.14 2.73
2017-09-30 83.45 37.26 1.42
2017-06-30 83.45 37.26 1.42
2017-03-31 86.72 12.45 0.46
2016-09-30 90.81 14.21 1.46
2016-06-30 90.81 14.21 1.46
2016-03-31 94.42 7.85 2.95
2015-09-30 91.83 7.36 4.34
2015-06-30 91.83 7.36 4.34
2015-03-31 81.92 23.69 6.69
2014-09-30 81.41 40.75 4.43
2014-06-30 81.41 40.75 4.43
2014-03-31 87.01 39.24 8.57
2013-12-31 87.01 39.24 8.57
2013-09-30 88.21 35.08 3.30
2013-06-30 88.21 35.08 3.30
2013-03-31 88.11 32.09 7.13
2012-09-30 86.04 35.97 3.89
  • Real Good Food's level of debt (85.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.8% vs 85.4% 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.

  • Real Good Food has sufficient cash runway for 1.5 years based on current free cash flow.
  • Real Good Food has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 20.8% each year.
X
Financial health checks
We assess Real Good Food'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. Real Good Food 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.

Dividends

 What is Real Good Food'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 Real Good Food dividends.
If you bought £2,000 of Real Good Food 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 Real Good Food's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Real Good Food'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
AIM:RGD 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Food Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

AIM:RGD Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
AIM:RGD Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-12-20 0.000 0.000
2018-09-28 0.000 0.000
2017-12-22 0.000 0.000
2017-09-29 0.000 0.000
2017-09-28 0.000 0.000
2016-12-06 0.001 0.254

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

  • Unable to perform a dividend volatility check as Real Good Food has not reported any payouts.
  • Unable to verify if Real Good Food's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Real Good Food's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Real Good Food has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Real Good Food's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Real Good Food afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Real Good Food 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.

Management

 What is the CEO of Real Good Food'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
Hugh Charles Cawley
COMPENSATION £126,000
AGE 61
TENURE AS CEO 1.5 years
CEO Bio

Mr. Hugh Charles Laurence Cawley, BA (Hons), FCA, serves as the Chief Executive Officer of Real Good Food plc since January 1, 2019 and served as its Interim Chief Financial Officer since March 31, 2019 until July 15, 2019. He served as Chief Financial Officer, Group Finance Director and Director at Driver Group plc from September 22, 2016 to November 6, 2017. Mr. Cawley served as Group Finance Director of Progility Plc from March 27, 2015 to March 2016 and served as its Chief Financial Officer until March 2016. He served as a Group Finance Director of office2office Limited since February 20, 2013. He served as the Chief Executive at Dawson Holdings Limited from July 1, 2009 to August 23, 2011. Mr. Cawley served as Group Finance Director at Dawson Holdings Limited since September 30, 2007 and served as its Finance Director since September 3, 2007. Mr. Cawley served as Finance Director at S Daniels PLC since September 1998 and served as its Secretary where he played a leading role in driving efficiency improvements, in the strategic restructuring. He served as Group Finance Director for the European and African Region (latterly incorporating the CIS operations) of the New Zealand Dairy Board since 1995 until joining S Daniels PLC. He served as an Acting Managing Director and Finance Director of BRS Ltd., part of Volvo Group, where he led a strategic review resulting in the successful transition of the business from Volvo AB to Renault Trucks and devised a turnaround plan for the business. He joined Procter and Gamble, progressing through a number of financial roles in three years with them. He joined ICI PLC at its Millbank head office in 1987. He worked in London, Brussels and Cheshire in a variety of senior positions within the group. He served as European Group Finance Director of Borden Inc.’s Worldwide Resins Group since 1992. Mr. Cawley has 20 years experience in the manufacturing and distribution industries having held senior finance and managerial roles at New Zealand Dairy Board, Borden European Resins Group and Imperial Chemical Industries plc in which he has consistently played a key part in driving performance improvements through increased efficiency, restructuring and strategic change. He has been a Director at office2office Limited since February 25, 2013. He serves as Director of S Daniels plc. He has been Executive Director of Real Good Food plc since January 1, 2018 and served as its Non-Executive Director since August 7, 2017 until January 1, 2018. He serves as Director of More Hours Limited. He served as a Non-Executive Director of Petroceltic International plc from August 25, 2015 to June 16, 2016. He served as Director of Surridge Dawson Limited. He served as Director of Progility plc from March 27, 2015 to 15 April 2016. He served as a Director of Dawson Holdings Limited from September 3, 2007 to August 23, 2011 and William Sinclair Holdings plc since March 5, 2015 until May 26, 2015. He served as a Director of Access Plus Holdings Limited; Access Plus Limited; Access Plus Marketing Logistics Limited; Access Plus Marketing Services Limited; Access Plus Print Management Ltd; Accord Office Supplies Limited; Adversion Ltd; Banner Business Solutions Ltd; Banner Business Supplies Ltd; Banner Document Services Ltd; Banner Managed Services Ltd; Blacknest Holdings Limited; Computa-Friendly Limited; Corporate Training Solutions Ltd; CTG Exam Training Limited; Customer Projects Limited; Dawson Book Services Limited; Dawson Books Limited; Dawson Finance Company Ltd; Dawson Guarantee Company Ltd; Dawson Holdings PLC; Dawson Holdings Wholesale Ltd; Dawson Limited; Dawson Media Direct Limited; Dawson News Tonbridge Ltd; Dawson Overseas Holdings Ltd; Dawson Trust Company Ltd; Dawson UK Limited; Godfrey Lang Limited and ILX Group PLC. Mr. Cawley's partnerships are Intellexis International Limited; Marketlink Marketing Communications Limited; Mindscope Limited; MMC (Reading) Limited; Mount Lane Training & Implementation Solutions Ltd; Obrar Limited; Olive 1 Limited; PGC Property Limited; P.W.J. Surridge & Sons Ltd; Phantom Media Limited; Progility Consulting Limited; Progility Finco Limited; Progility Health Limited; Progility Overseas Limited; Progility PLC; Progility Training Limited; Quality Books Limited; R. A. Enterprises Limited; Software Stationery Holdings Ltd; Software Stationery Specialists Ltd; Starkstrom Group Limited; Starkstrom Limited; Sue Hill Recruitment Services Ltd; Surridge Dawson (Holdings) Ltd; T Cox & Son (Tonbridge Limited); TFPL Limited; The Corporate Training Group Ltd; TripleArc UK Limited and Truline Logistics Limited. Mr. Cawley is a Qualified Chartered Accountant with Peat Marwick Mitchell & Co.

CEO Compensation
  • Insufficient data for Hugh Charles to compare compensation growth.
  • Hugh Charles's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Real Good Food management team in years:

7
Average Tenure
61
Average Age
  • The average tenure for the Real Good Food management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hugh Charles Cawley

TITLE
CEO & Executive Director
COMPENSATION
£126K
AGE
61
TENURE
1.5 yrs

Chris Thomas

TITLE
Non-Executive Deputy Chairman
COMPENSATION
£171K
AGE
74

Maribeth Keeling

TITLE
Group Chief Financial Officer
AGE
54

David Wright

TITLE
Group Operations Director
TENURE
7 yrs

Andrew Brown

TITLE
Group Brand & Marketing Director
TENURE
7 yrs

Heather Billington

TITLE
Group Human Resources Director
TENURE
10.5 yrs

Dennis Scott

TITLE
Managing Director of Seriously Scrumptious

Robin Mountain

TITLE
Managing Director of Renshaw
TENURE
6.3 yrs

John Easton

TITLE
Managing Director of R&W Scott
TENURE
7.5 yrs

John Larsen

TITLE
Managing Director of Haydens Bakery
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Real Good Food board of directors in years:

1.5
Average Tenure
58
Average Age
  • The average tenure for the Real Good Food board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Holt

TITLE
Non-Executive Chairman
AGE
58
TENURE
0.2 yrs

Hugh Charles Cawley

TITLE
CEO & Executive Director
COMPENSATION
£126K
AGE
61
TENURE
1.9 yrs

Chris Thomas

TITLE
Non-Executive Deputy Chairman
COMPENSATION
£171K
AGE
74
TENURE
1.5 yrs

Judith MacKenzie

TITLE
Non-Executive Director
COMPENSATION
£19K
TENURE
2 yrs

Philippe D’Unienville

TITLE
Non-Executive Director
COMPENSATION
£25K
TENURE
6.8 yrs

Steve David Dawson

TITLE
Independent Non-Executive Director
AGE
58
TENURE
0.8 yrs

Anthony Ridgwell

TITLE
Non-Executive Director
AGE
47
TENURE
0.2 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 Real Good Food'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. Real Good Food 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

Real Good Food plc (LON:RGD): Time For A Financial Health Check

With current liabilities at UK£20m, the company has been able to meet these obligations given the level of current assets of UK£35m, with a current ratio of 1.79x. … The current ratio is the number you get when you divide current assets by current liabilities. … Next Steps: RGD’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Did You Manage To Avoid Real Good Food's (LON:RGD) Devastating 87% Share Price Drop?

So spare a thought for the long term shareholders of Real Good Food plc (LON:RGD); the share price is down a whopping 87% in the last three years. … Real Good Food isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over three years, Real Good Food grew revenue at 8.5% per year.

Simply Wall St -

Is Real Good Food plc (LON:RGD) A Financially Sound Company?

Real Good Food plc (LON:RGD) is a small-cap stock with a market capitalization of UK£6.2m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What does Real Good Food plc's (LON:RGD) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Real Good Food plc (LON:RGD) with its market cap of UK£7.65m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Can Real Good Food plc (LON:RGD) Improve Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Real Good Food's beta of 0.21 indicates that the stock value will be less variable compared to the whole stock market. … RGD’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio.

Simply Wall St -

With A -103.94% Earnings Drop, Is Real Good Food plc's (LON:RGD) A Concern?

AIM:RGD Income Statement Apr 26th 18 We can further analyze Real Good Food's loss by looking at what the industry has been experiencing over the past few years. … This shows that any tailwind the industry is profiting from, Real Good Food has not been able to gain as much as its average peer.What does this mean? … You should continue to research Real Good Food to get a more holistic view of the stock by looking at: Financial Health: Is RGD’s operations financially sustainable?

Simply Wall St -

Is Real Good Food plc's (LON:RGD) Balance Sheet A Threat To Its Future?

On top of this, RGD has produced UK£340.00K in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 2.04%, meaning that RGD’s current level of operating cash is not high enough to cover debt. … Looking at RGD’s most recent UK£27.38M liabilities, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.1x. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: RGD’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Who Are The Major Shareholders In Real Good Food plc (LON:RGD)?

This size of ownership, while considerably large for a public company, may not be enough to change company policy if the decision is not in sync with other large shareholders. … An ownership of this size indicates a strong financial backing and has the potential to influence RGD's business strategy. … Thus, investors should dig deeper into RGD's business relations with these companies and how it can affect shareholder returns in the long-term.What this means for you: RGD's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

How Long Will Loss-Making Real Good Food plc (LON:RGD) Survive?

Looking at Real Good Food’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … See our latest analysis for Real Good Food What is cash burn? … AIM:RGD Income Statement Jan 18th 18 When will Real Good Food need to raise more cash?

Simply Wall St -

How Does Real Good Food plc (LON:RGD)’s Prospect Stack Up Next To Its Consumer Discretionary Peers?

In this article, I’ll take you through the sector growth expectations, as well as evaluate whether Real Good Food is lagging or leading its competitors in the industry. … Check out our latest analysis for Real Good Food What’s the catalyst for Real Good Food's sector growth? … As the company trails the rest of the industry in terms of growth, Real Good Food may also be a cheaper stock relative to its peers.

Simply Wall St -

Company Info

Description

Real Good Food plc sources, manufactures, and distributes food products to the retail, food services, and industrial sectors in the United Kingdom and internationally. It operates through three divisions: Cake Decoration, Food Ingredients, and Premium Bakery. The company manufactures and sells cake decoration products, including sugar paste, marzipan, soft icings, mallows, and caramels under Renshaw name; and edible glitters, dusts, powders and food paints, and brushes and pens for sugar craft sector under Rainbow Dust Colors. It also offers food ingredients, such as chocolate coatings, sauces, jams, and dry powder blends under R&W Scott name; and snack bars under Brighter Foods name. In addition, the company provides frozen desserts to pubs and restaurants. Real Good Food plc also exports its products. Real Good Food plc was incorporated in 2003 and is headquartered in Liverpool, the United Kingdom.

Details
Name: Real Good Food plc
RGD
Exchange: AIM
Founded: 2003
£7,218,421
99,564,430
Website: http://www.realgoodfoodplc.com
Address: Real Good Food plc
61 Stephenson Way,
Wavertree,
Liverpool,
L13 1HN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM RGD Ordinary Shares London Stock Exchange AIM Market GB GBP 29. Sep 2003
OTCPK RLGD.F Ordinary Shares Pink Sheets LLC US USD 29. Sep 2003
Number of employees
Current staff
Staff numbers
1,207
Real Good Food 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 20:44
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2017/09/29
Last earnings filing: 2018/12/20
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.