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A.G. BARR

LSE:BAG
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAG
LSE
£698M
Market Cap
  1. Home
  2. GB
  3. Food, Beverage & Tobacco
Company description

A.G. BARR p.l.c., together with its subsidiaries, manufactures, distributes, and sells soft drinks in the United Kingdom and internationally. The last earnings update was 117 days ago. More info.


Add to Portfolio Compare Print
  • A.G. BARR has significant price volatility in the past 3 months.
BAG Share Price and Events
7 Day Returns
-28.9%
LSE:BAG
-0.3%
GB Beverage
0.2%
GB Market
1 Year Returns
-11.7%
LSE:BAG
12%
GB Beverage
-2%
GB Market
BAG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
A.G. BARR (BAG) -28.9% -32.5% -24.9% -11.7% 15.7% -1.7%
GB Beverage -0.3% -1.6% 5.3% 12% 60.5% 84.1%
GB Market 0.2% 1.1% 0.1% -2% 11.2% 6.4%
1 Year Return vs Industry and Market
  • BAG underperformed the Beverage industry which returned 12% over the past year.
  • BAG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2% over the past year.
Price Volatility
BAG
Industry
5yr Volatility vs Market

Value

 Is A.G. BARR 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 A.G. BARR 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 A.G. BARR.

LSE:BAG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:BAG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.559 (1 + (1- 19%) (0%))
0.705
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)
= 1.23% + (0.8 * 6.65%)
6.55%

Discounted Cash Flow Calculation for LSE:BAG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for A.G. BARR 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.

LSE:BAG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.55%)
2020 22.04 Analyst x5 20.69
2021 28.18 Analyst x5 24.82
2022 31.92 Analyst x5 26.39
2023 42.40 Analyst x1 32.90
2024 43.80 Analyst x1 31.90
2025 44.96 Est @ 2.64% 30.73
2026 45.96 Est @ 2.22% 29.48
2027 46.84 Est @ 1.92% 28.20
2028 47.64 Est @ 1.71% 26.92
2029 48.39 Est @ 1.57% 25.66
Present value of next 10 years cash flows £277.69
LSE:BAG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £48.39 × (1 + 1.23%) ÷ (6.55% – 1.23%)
£920.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £920.69 ÷ (1 + 6.55%)10
£488.31
LSE:BAG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £277.69 + £488.31
£766.01
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £766.01 / 112.99
£6.78
LSE:BAG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £6.78
Current discount Discount to share price of £6.18
= -1 x (£6.18 - £6.78) / £6.78
8.8%

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

Current Discount
Amount off the current price A.G. BARR is available for.
Intrinsic value
9%
Share price is £6.18 vs Future cash flow value of £6.78
Current Discount Checks
For A.G. BARR to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • A.G. BARR's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • A.G. BARR's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 A.G. BARR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are A.G. BARR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:BAG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-26) in GBP £0.32
LSE:BAG Share Price ** LSE (2019-07-22) in GBP £6.18
United Kingdom of Great Britain and Northern Ireland Beverage Industry PE Ratio Median Figure of 8 Publicly-Listed Beverage Companies 24.53x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 792 Publicly-Listed Companies 16.31x

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

** Primary Listing of A.G. BARR.

LSE:BAG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:BAG Share Price ÷ EPS (both in GBP)

= 6.18 ÷ 0.32

19.61x

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

  • A.G. BARR is good value based on earnings compared to the GB Beverage industry average.
  • A.G. BARR is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does A.G. BARR's expected growth come at a high price?
Raw Data
LSE:BAG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
4.3%per year
United Kingdom of Great Britain and Northern Ireland Beverage Industry PEG Ratio Median Figure of 7 Publicly-Listed Beverage Companies 3.42x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 571 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:BAG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.61x ÷ 4.3%

4.6x

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

  • A.G. BARR is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on A.G. BARR's assets?
Raw Data
LSE:BAG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-26) in GBP £1.85
LSE:BAG Share Price * LSE (2019-07-22) in GBP £6.18
United Kingdom of Great Britain and Northern Ireland Beverage Industry PB Ratio Median Figure of 9 Publicly-Listed Beverage Companies 3.6x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
LSE:BAG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:BAG Share Price ÷ Book Value per Share (both in GBP)

= 6.18 ÷ 1.85

3.33x

* Primary Listing of A.G. BARR.

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

  • A.G. BARR is good value based on assets compared to the GB Beverage industry average.
X
Value checks
We assess A.G. BARR'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. A.G. BARR has a total score of 2/6, 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 A.G. BARR expected to perform in the next 1 to 3 years based on estimates from 7 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
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is A.G. BARR expected to grow at an attractive rate?
  • A.G. BARR's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • A.G. BARR's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • A.G. BARR's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:BAG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:BAG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 4.3%
LSE:BAG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.3%
United Kingdom of Great Britain and Northern Ireland Beverage Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United Kingdom of Great Britain and Northern Ireland Beverage Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
LSE:BAG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:BAG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 317 44 1
2023-01-31 311 42 1
2022-01-31 287 46 38 6
2021-01-31 285 44 36 7
2020-01-31 274 40 35 6
2019-01-31 284 43 37 4
LSE:BAG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-01-26 279 45 36
2018-10-26 275 36
2018-07-28 285 37 36
2018-04-28 281 40 37
2018-01-27 264 42 37
2017-10-27 263 36
2017-07-29 261 45 35
2017-04-29 259 47 35
2017-01-28 257 49 36
2016-10-28 256 45 37
2016-07-30 254 41 38
2016-04-29 256 35 36
2016-01-30 259 29 34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • A.G. BARR's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • A.G. BARR's revenue is expected to grow by 2.3% 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
LSE:BAG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from A.G. BARR Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BAG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31 0.33 0.37 0.27 5.00
2021-01-31 0.32 0.35 0.26 5.00
2020-01-31 0.30 0.34 0.23 5.00
2019-01-31 0.32 0.33 0.32 2.00
LSE:BAG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-01-26 0.32
2018-10-26 0.32
2018-07-28 0.32
2018-04-28 0.32
2018-01-27 0.32
2017-10-27 0.31
2017-07-29 0.30
2017-04-29 0.30
2017-01-28 0.31
2016-10-28 0.32
2016-07-30 0.32
2016-04-29 0.31
2016-01-30 0.30

*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.
  • A.G. BARR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess A.G. BARR'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.
A.G. BARR 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 A.G. BARR 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 A.G. BARR's growth in the last year to its industry (Beverage).
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.
  • A.G. BARR's year on year earnings growth rate has been positive over the past 5 years.
  • A.G. BARR's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • A.G. BARR's 1-year earnings growth is negative, it can't be compared to the GB Beverage industry average.
Earnings and Revenue History
A.G. BARR'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 A.G. BARR Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BAG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-26 279.00 35.80 77.10
2018-10-26 275.10 35.95 77.40
2018-07-28 284.80 36.10 91.30
2018-04-28 281.25 36.65 89.05
2018-01-27 264.10 37.20 73.20
2017-10-27 262.70 35.90 73.10
2017-07-29 261.30 34.60 73.00
2017-04-29 259.20 35.10 75.90
2017-01-28 257.10 35.60 78.80
2016-10-28 255.50 36.60 78.05
2016-07-30 253.90 37.60 77.30
2016-04-29 256.25 35.95 78.50
2016-01-30 258.60 34.30 79.70
2015-10-30 257.05 32.39 79.59
2015-07-25 255.50 30.49 79.48
2015-04-25 258.20 30.24 78.99
2015-01-25 260.90 30.00 78.50
2014-10-25 261.00 30.47 78.63
2014-07-27 261.09 30.93 78.76
2014-04-27 257.59 29.56 78.16
2014-01-26 254.09 28.18 77.56
2013-10-26 249.38 26.04 76.74
2013-07-28 244.68 23.89 75.91
2013-04-28 241.14 24.64 74.50
2013-01-26 237.60 25.39 73.08
2012-10-26 229.08 26.29 68.43
2012-07-28 220.56 27.19 63.77

*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.
  • A.G. BARR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • A.G. BARR used its assets more efficiently than the GB Beverage industry average last year based on Return on Assets.
  • A.G. BARR has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess A.G. BARR'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 Beverage 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.
A.G. BARR has a total score of 3/6, 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 A.G. BARR'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 A.G. BARR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • A.G. BARR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • A.G. BARR's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of A.G. BARR'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.
  • A.G. BARR has no debt, it does not need to be covered by short term assets.
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 A.G. BARR Company Filings, last reported 5 months ago.

LSE:BAG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-26 209.80 0.00 21.80
2018-10-26 209.80 0.00 21.80
2018-07-28 201.20 12.70 16.90
2018-04-28 201.20 12.70 16.90
2018-01-27 201.10 0.00 15.00
2017-10-27 201.10 0.00 15.00
2017-07-29 180.20 8.20 16.30
2017-04-29 180.20 8.20 16.30
2017-01-28 180.20 0.40 10.10
2016-10-28 180.20 0.40 10.10
2016-07-30 169.60 14.00 7.40
2016-04-29 169.60 14.00 7.40
2016-01-30 180.10 18.00 6.80
2015-10-30 180.10 18.00 6.80
2015-07-25 162.77 30.40 10.58
2015-04-25 162.77 30.40 10.58
2015-01-25 156.50 15.00 25.40
2014-10-25 156.50 15.00 25.40
2014-07-27 156.82 14.93 11.28
2014-04-27 156.82 14.93 11.28
2014-01-26 155.24 15.00 12.93
2013-10-26 155.24 15.00 12.93
2013-07-28 147.54 29.98 14.16
2013-04-28 147.54 29.98 14.16
2013-01-26 130.65 26.46 0.91
2012-10-26 130.65 26.46 0.91
2012-07-28 125.02 11.28 0.03
  • A.G. BARR has no debt.
  • A.G. BARR has no debt compared to 5 years ago when it was 9.7%.
  • A.G. BARR has no debt, it does not need to be covered by operating cash flow.
  • A.G. BARR has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess A.G. BARR'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. A.G. BARR has a total score of 6/6, 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 A.G. BARR'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
2.69%
Current annual income from A.G. BARR dividends. Estimated to be 2.88% next year.
If you bought £2,000 of A.G. BARR shares you are expected to receive £54 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?
  • A.G. BARR's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • A.G. BARR's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
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
LSE:BAG 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 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Beverage Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.9%
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 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

LSE:BAG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-01-31
2023-01-31 0.19 1.00
2022-01-31 0.18 6.00
2021-01-31 0.18 7.00
2020-01-31 0.17 7.00
2019-01-31 0.16 5.00
LSE:BAG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.166 1.951
2019-03-26 0.166 2.093
2018-04-25 0.156 2.121
2018-03-27 0.156 2.305
2017-04-24 0.144 2.278
2017-03-28 0.144 2.398
2016-04-28 0.133 2.598
2016-03-29 0.133 2.440
2015-04-23 0.121 2.186
2015-03-24 0.121 1.906
2014-05-27 0.110 1.778
2013-04-25 0.100 1.779
2013-03-21 0.100 1.833
2012-04-27 0.093 2.077
2012-03-26 0.093 2.383
2011-03-28 0.085 2.056
2010-04-01 0.077 2.085
2010-02-01 0.077 2.689
2009-04-01 0.070 2.909
2009-03-30 0.070 3.404
2008-09-23 0.066 3.387

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of A.G. BARR's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess A.G. BARR'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 A.G. BARR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. A.G. BARR has a total score of 5/6, 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 A.G. BARR'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
Roger White
COMPENSATION £1,434,000
AGE 53
TENURE AS CEO 15.5 years
CEO Bio

Mr. Roger Alexander White, MA (Hons) has been the Chief Executive Officer of A.G.Barr P.l.c. since 2004 and served as its Managing Director since June 21, 2002, Sales and Marketing Director since May 27, 2003 and Member of Executive Council. Mr. White is a member of the Board of Management and Executive Council of the British Soft Drinks Association (BSDA). Mr. White previously held a number of senior positions with Rank Hovis McDougall. He was President of the British Soft Drinks Association (BSDA). He has been a Director of AG Barr Plc since 2002. He has been Non-Executive Director of Troy Income & Growth Trust Plc since April 29, 2014 and serves as its senior Independent Director. He is a member of BDSA's Board of Management and Executive Council. He was Scottish PLC Chief Executive of the Year in 2010. He holds an MA (Hons) from Edinburgh University and Honorary Doctorate in 2014.

CEO Compensation
  • Roger's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Roger's remuneration is higher 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 A.G. BARR management team in years:

11.3
Average Tenure
52
Average Age
  • The average tenure for the A.G. BARR management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Roger White

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
53
TENURE
15.5 yrs

Stuart Lorimer

TITLE
Finance Director & Executive Director
COMPENSATION
£801K
AGE
52
TENURE
4.5 yrs

Jonathan Kemp

TITLE
Commercial Director & Executive Director
COMPENSATION
£709K
AGE
47
TENURE
15.8 yrs

Andrew Memmott

TITLE
Supply Chain Director & Executive Director
COMPENSATION
£662K
AGE
54
TENURE
11.3 yrs

Julie Barr

TITLE
Legal Affairs Manager & Company Secretary
AGE
46
TENURE
11.3 yrs

Doug Brown

TITLE
Head of Human Resources
Board of Directors Tenure

Average tenure and age of the A.G. BARR board of directors in years:

5.7
Average Tenure
53
Average Age
  • The tenure for the A.G. BARR board of directors is about average.
Board of Directors

John Ross Nicolson

TITLE
Chairman
COMPENSATION
£142K
AGE
66
TENURE
4.5 yrs

Roger White

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
53
TENURE
17.5 yrs

Stuart Lorimer

TITLE
Finance Director & Executive Director
COMPENSATION
£801K
AGE
52
TENURE
4.5 yrs

Jonathan Kemp

TITLE
Commercial Director & Executive Director
COMPENSATION
£709K
AGE
47
TENURE
15.8 yrs

Andrew Memmott

TITLE
Supply Chain Director & Executive Director
COMPENSATION
£662K
AGE
54
TENURE
11.3 yrs

Martin Griffiths

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£58K
AGE
53

David Ritchie

TITLE
Independent Non-Executive Director
COMPENSATION
£56K
AGE
49
TENURE
4.3 yrs

William Robin Barr

TITLE
Non-Executive Director
COMPENSATION
£48K
AGE
81
TENURE
55.5 yrs

Pam Powell

TITLE
Independent Non-Executive Director
COMPENSATION
£48K
TENURE
5.7 yrs

Susan Barratt

TITLE
Independent Non-Executive Director
COMPENSATION
£48K
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • A.G. BARR individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
03. May 19 Sell Jonathan Kemp Individual 03. May 19 03. May 19 -4,000 £8.28 £-33,120
X
Management checks
We assess A.G. BARR'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. A.G. BARR 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

What Kind Of Shareholder Appears On The A.G. BARR p.l.c.'s (LON:BAG) Shareholder Register?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … We can zoom in on the different ownership groups, to learn more about BAG

Simply Wall St -

Did A.G. BARR p.l.c. (LON:BAG) Use Debt To Deliver Its ROE Of 18%?

This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.18. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Where AG BARR plc (LON:BAG) Stands In Terms Of Earnings Growth Against Its Industry

In this article, I will take a look at AG BARR plc's (LON:BAG) most recent earnings update (28 July 2018) and compare these latest figures against its performance over the past few years, along with how the rest of BAG's industry performed. … Were BAG's earnings stronger than its past performances and the industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 7.0%, indicating the rate at which BAG is growing has slowed down

Simply Wall St -

What Do You Get For Owning AG BARR plc (LON:BAG)?

and looking to gauge the potential return on investment in AG BARR plc (LON:BAG). … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … BARR’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What Does AG BARR plc's (LON:BAG) Ownership Structure Look Like?

In this article, I'm going to take a look at AG BARR plc’s (LON:BAG) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity.

Simply Wall St -

AG BARR plc (LON:BAG)'s Earnings Grew 4.46%, Is It Enough?

After looking at AG BARR plc's (LON:BAG) latest earnings announcement (27 January 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … How BAG fared against its long-term earnings performance and its industry

Simply Wall St -

Should You Sell When AG BARR plc's (LON:BAG) Insiders Do?

7.40k shares. … Generally, insiders selling shares in their own firm sends a bearish signal … The MIT Press (1998) published an article showing that stocks following insider selling underperformed the market by 2.7%

Simply Wall St -

What Should We Expect From AG BARR plc's (LON:BAG) Earnings Over The Next Few Years?

The latest earnings release AG BARR plc's (LON:BAG) announced in January 2018a … revealed

Simply Wall St -

Should You Be Tempted To Buy AG BARR plc (LON:BAG) Because Of Its PE Ratio?

and want to better understand how you can grow your money by investing in AG BARR plc (LON:BAG). … AG BARR plc (LON:BAG) is trading with a trailing P/E of 21.5x, which is lower than the industry average of 24.6x. … While BAG might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Is It Too Late To Buy AG. BARR p.l.c. (LON:BAG)?

The stock is currently trading at UK£6.82 on the share market, which means it is overvalued by 59% compared to my intrinsic value of £4.28. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Company Info

Description

A.G. BARR p.l.c., together with its subsidiaries, manufactures, distributes, and sells soft drinks in the United Kingdom and internationally. It operates through Carbonates, Still Drinks and Water, and Other segments. The company offers flavored, carbonated soft, sparkling and still soft, juice fruit, flavored energy, squash, non-carbonated, natural, and blended exotic juice drinks, as well as other juices and soft drinks; spring and sparkling water; mixers and iced tea; and fruit cocktail mixers, including purées and syrups. It sells its products under the Barr flavours, Bundaberg, D'N'B, Funkin, IRN-BRU, KA, OMJ!, Prima Spremitura, Rockstar, Rubicon, Simply, Snapple, St Clement's, St Clement's Sparkling, Strathmore, Sun Exotic, Tizer, Le Joli, and Big Willie brands. The company also engages in the distribution and sale of cocktail solutions. A.G. BARR p.l.c. was founded in 1875 and is headquartered in Cumbernauld, the United Kingdom.

Details
Name: A.G. BARR p.l.c.
BAG
Exchange: LSE
Founded: 1875
£698,306,430
112,994,568
Website: http://www.agbarr.co.uk
Address: A.G. BARR p.l.c.
Westfield House,
4 Mollins Road,
Cumbernauld,
Lanarkshire, G68 9HD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BAG Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
DB AF72 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE BAGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,051
A.G. BARR employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 21:23
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/22
Last earnings filing: 2019/03/27
Last earnings reported: 2019/01/26
Last annual earnings reported: 2019/01/26


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.