AIM:RGD

Stock Analysis Report

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Executive Summary

Real Good Food plc sources, manufactures, and distributes food products to the manufacturing, wholesale, retail, and export sectors in the United Kingdom, rest of Europe, the United States, and internationally.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Real Good Food's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

RGD

6.8%

GB Food

2.6%

GB Market


1 Year Return

-31.0%

RGD

-9.1%

GB Food

-10.3%

GB Market

Return vs Industry: RGD underperformed the UK Food industry which returned -12.2% over the past year.

Return vs Market: RGD underperformed the UK Market which returned -11.5% over the past year.


Shareholder returns

RGDIndustryMarket
7 Day0%6.8%2.6%
30 Day6.4%3.6%2.3%
90 Day-4.8%10.5%6.9%
1 Year-31.0%-31.0%-7.3%-9.1%-6.7%-10.3%
3 Year-82.1%-82.1%-22.0%-26.7%-3.9%-15.4%
5 Year-91.1%-91.1%-17.3%-25.4%16.9%-9.0%

Price Volatility Vs. Market

How volatile is Real Good Food's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Real Good Food undervalued compared to its fair value and its price relative to the market?

0.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RGD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RGD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RGD is unprofitable, so we can't compare its PE Ratio to the GB Food industry average.

PE vs Market: RGD is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RGD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RGD is good value based on its PB Ratio (0.2x) compared to the GB Food industry average (0.8x).


Next Steps

Future Growth

How is Real Good Food forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.1%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Real Good Food performed over the past 5 years?

-59.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RGD is currently unprofitable.

Growing Profit Margin: RGD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RGD is unprofitable, and losses have increased over the past 5 years at a rate of 59.7% per year.

Accelerating Growth: Unable to compare RGD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RGD is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (5.8%).


Return on Equity

High ROE: RGD has a negative Return on Equity (-83.4%), as it is currently unprofitable.


Next Steps

Financial Health

How is Real Good Food's financial position?


Financial Position Analysis

Short Term Liabilities: RGD's short term assets (£18.6M) exceed its short term liabilities (£13.9M).

Long Term Liabilities: RGD's short term assets (£18.6M) do not cover its long term liabilities (£52.2M).


Debt to Equity History and Analysis

Debt Level: RGD's debt to equity ratio (171.8%) is considered high.

Reducing Debt: RGD's debt to equity ratio has increased from 49.4% to 171.8% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Insufficient data to determine if RGD has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if RGD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Real Good Food current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RGD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RGD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RGD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RGD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RGD is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RGD's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Real Good Food has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Holt
Executive Chairman1.25yrsUK£22.00kno data
Maribeth Keeling
Group CFO & Director1.58yrsno datano data
David Wright
Group Operations Director8.08yrsno datano data
Andrew Brown
Group Brand & Marketing Director8.08yrsno datano data
Heather Billington
Group Human Resources Director11.58yrsno datano data
Dennis Scott
Managing Director of Seriously Scrumptiousno datano datano data
Robin Mountain
Managing Director of Renshaw7.33yrsno datano data
John Easton
Managing Director of R&W Scott8.58yrsno datano data
John Larsen
Managing Director of Haydens Bakery7.33yrsno datano data
Andrew Birkett
Managing Director of Garrett Ingredients6.58yrsno datano data
Thierry DuBois
MD of Real Good Food Europe & GM7.58yrsno datano data
Nikki Lee
Group Financial Controllerno datano datano data

7.5yrs

Average Tenure

Experienced Management: RGD's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Holt
Executive Chairman1.25yrsUK£22.00kno data
Maribeth Keeling
Group CFO & Director1.58yrsno datano data
Judith MacKenzie
Non-Executive Director3.08yrsUK£25.00kno data
Jacques Henri D'Unienville
Non-Executive Director7.83yrsUK£25.00kno data
Anthony Ridgwell
Non-Executive Director1.25yrsno datano data
Gail Lumsden
Independent Non-Executive Director0.83yrno datano data

1.4yrs

Average Tenure

56yo

Average Age

Experienced Board: RGD's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

Real Good Food plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Real Good Food plc
  • Ticker: RGD
  • Exchange: AIM
  • Founded: 2003
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: UK£4.978m
  • Shares outstanding: 99.56m
  • Website: https://www.realgoodfoodplc.com

Number of Employees


Location

  • Real Good Food plc
  • 61 Stephenson Way
  • Wavertree
  • Liverpool
  • L13 1HN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RGDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPSep 2003
RLGD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2003

Biography

Real Good Food plc sources, manufactures, and distributes food products to the manufacturing, wholesale, retail, and export sectors in the United Kingdom, rest of Europe, the United States, and internation ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 20:53
End of Day Share Price2020/08/11 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.