Associated British Foods Past Earnings Performance

Past criteria checks 5/6

Associated British Foods has been growing earnings at an average annual rate of 17.6%, while the Food industry saw earnings growing at 10.6% annually. Revenues have been growing at an average rate of 8% per year. Associated British Foods's return on equity is 13.1%, and it has net margins of 7.2%.

Key information

17.6%

Earnings growth rate

18.6%

EPS growth rate

Food Industry Growth	3.9%
Revenue growth rate	8.0%
Return on equity	13.1%
Net Margin	7.2%
Last Earnings Update	14 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Associated British Foods makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BATS-CHIXE:ABFL Revenue, expenses and earnings (GBP Millions)
Date	Revenue	Earnings	G+A Expenses
14 Sep 24	20,073	1,455	-73
14 Jun 24	19,999	1,318	-66
02 Mar 24	19,924	1,180	2,763
02 Dec 23	19,837	1,112	2,763
16 Sep 23	19,750	1,044	-60
16 Jun 23	19,213	898	1,221
04 Mar 23	18,675	751	2,501
04 Dec 22	17,836	726	2,501
17 Sep 22	16,997	700	2,501
17 Jun 22	16,225	746	2,379
16 Mar 22	15,453	792	2,256
16 Dec 21	14,669	635	2,256
18 Sep 21	13,884	478	2,256
18 Jun 21	13,244	439	2,250
27 Feb 21	12,604	400	2,244
27 Nov 20	13,271	428	2,244
12 Sep 20	13,937	455	2,244
12 Jun 20	14,938	581	2,284
29 Feb 20	15,938	706	2,324
30 Nov 19	15,881	792	2,324
14 Sep 19	15,824	878	2,324
14 Jun 19	15,754	897	2,311
02 Mar 19	15,684	915	2,297
02 Dec 18	15,629	961	2,297
15 Sep 18	15,574	1,007	2,297
15 Jun 18	15,529	1,025	2,321
03 Mar 18	15,483	1,043	2,345
03 Dec 17	15,420	1,121	2,345
16 Sep 17	15,357	1,198	2,345
16 Jun 17	14,968	1,149	2,226
04 Mar 17	14,578	1,099	2,106
04 Dec 16	13,989	959	2,106
17 Sep 16	13,399	818	2,106
17 Jun 16	13,034	779	2,073
27 Feb 16	12,669	740	2,040
27 Nov 15	12,735	634	2,040
12 Sep 15	12,800	528	2,040
12 Jun 15	12,893	546	2,056
28 Feb 15	12,985	564	2,072
30 Nov 14	12,964	663	2,072
13 Sep 14	12,943	762	2,072
13 Jun 14	13,066	692	2,110
01 Mar 14	13,188	622	2,147
01 Dec 13	13,252	604	2,147

Quality Earnings: ABFL has high quality earnings.

Growing Profit Margin: ABFL's current net profit margins (7.2%) are higher than last year (5.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ABFL's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: ABFL's earnings growth over the past year (39.8%) exceeds its 5-year average (17.6% per year).

Earnings vs Industry: ABFL earnings growth over the past year (39.8%) exceeded the Food industry 32.5%.

Associated British Foods Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First half 2024 earnings released: EPS: UK£0.88 (vs UK£0.67 in 1H 2023)

Associated British Foods plc to Report Fiscal Year 2024 Results on Nov 05, 2024

Associated British Foods plc to Report First Half, 2024 Results on Apr 23, 2024

Associated British Foods plc to Report Q1, 2024 Results on Jan 23, 2024

Full year 2023 earnings released: EPS: UK£1.34 (vs UK£0.89 in FY 2022)

First half 2023 earnings released

Recent updates

Associated British Foods plc, Annual General Meeting, Dec 06, 2024

Associated British Foods plc Announces Special Dividend, Payable on January 10, 2025

Associated British Foods plc Appoints Loraine Woodhouse as Non-Executive Director, Effective 1 October 2024

Upcoming dividend of UK£0.21 per share

First half 2024 earnings released: EPS: UK£0.88 (vs UK£0.67 in 1H 2023)

Investor sentiment improves as stock rises 15%

Associated British Foods plc to Report Fiscal Year 2024 Results on Nov 05, 2024

Associated British Foods plc to Report First Half, 2024 Results on Apr 23, 2024

Associated British Foods plc to Report Q1, 2024 Results on Jan 23, 2024

Associated British Foods plc Announces Stepdown of Wolfhart Hauser as Non-Executive Director, Effective 18 January 2024

Upcoming dividend of UK£0.46 per share at 2.0% yield

Associated British Foods plc (LSE:ABF) announces an Equity Buyback for £500 million worth of its shares.

Full year 2023 earnings released: EPS: UK£1.34 (vs UK£0.89 in FY 2022)

Associated British Foods plc Announces Special Dividend Payable on 12 January 2024

Associated British Foods plc Appoints Kumsal Bayazit as Non-Executive Director

Associated British Foods plc Announces Ruth Cairnie Steps Down from the Board, Effective 31 August 2023

Associated British Foods plc Appoints Annie Murphy as A Non-Executive Director of the Company with Effect from 6 September 2023

Upcoming dividend of UK£0.14 per share at 2.4% yield

Now 21% undervalued after recent price drop

Insufficient new directors

First half 2023 earnings released

Upcoming dividend of UK£0.30 per share

Associated British Foods plc Announces Directorate Change

Full year 2022 earnings released: EPS: UK£0.89 (vs UK£0.60 in FY 2021)

Associated British Foods plc (LSE:ABF) announces an Equity Buyback for £500 million worth of its shares.

Associated British Foods plc Proposes Final Dividend, Payable on 13 January 2023

Associated British Foods plc Provides Revenue Guidance for the Fiscal Year of 2023

Associated British Foods plc, Annual General Meeting, Dec 08, 2023

Associated British Foods plc Announces Board Changes

Upcoming dividend of UK£0.14 per share

Independent Non-Executive Director recently bought UK£62k worth of stock

First half 2022 earnings released: EPS: UK£0.60 (vs UK£0.20 in 1H 2021)

Associated British Foods plc Announces Interim Dividend for the 24 Week Period Ended 5 March 2022, to Be Paid on 8 July 2022

Non-Executive Director recently sold UK£799k worth of stock

Upcoming dividend of UK£0.34 per share

Full year 2021 earnings released: EPS UK£0.60 (vs UK£0.58 in FY 2020)

Upcoming dividend of UK£0.062 per share

New 90-day high: UK£23.84

Associated British Foods plc Appoints Dame Heather Rabbatts as Non-Executive Director and Member of Audit and Remuneration Committee, Effective March 1, 2021

CEO & Executive Director recently sold UK£22m worth of stock

CEO & Executive Director recently sold UK£10m worth of stock

CEO & Executive Director recently sold UK£5.0m worth of stock

Primark Reportedly Eyes Arcadia

Associated British Foods plc to Report Fiscal Year 2021 Results on Nov 09, 2021

New 90-day high: UK£21.68

Associated British Foods plc to Report First Half, 2021 Results on Apr 16, 2021

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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