Market Cap
UK£2.0b
Last Updated
2020/06/04 21:41 UTC
Data Sources
Company Financials +
Executive Summary
Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Britvic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BVIC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.6%
BVIC
-1.9%
GB Beverage
2.2%
GB Market
1 Year Return
-16.5%
BVIC
-16.6%
GB Beverage
-10.0%
GB Market
Return vs Industry: BVIC matched the UK Beverage industry which returned -16.5% over the past year.
Return vs Market: BVIC underperformed the UK Market which returned -9.5% over the past year.
Shareholder returns
| BVIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | -1.9% | 2.2% |
| 30 Day | 6.6% | 6.7% | 9.6% |
| 90 Day | -10.7% | 2.9% | -2.6% |
| 1 Year | -14.5%-16.5% | -14.3%-16.6% | -5.7%-10.0% |
| 3 Year | 18.3%8.1% | 28.8%19.6% | -1.8%-13.8% |
| 5 Year | 24.0%5.0% | 71.7%50.5% | 15.5%-10.2% |
Price Volatility Vs. Market
How volatile is Britvic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Is Britvic plc (LON:BVIC) Excessively Paying Its CEO?2 weeks ago | Simply Wall St
Are Insiders Selling Britvic plc (LON:BVIC) Stock?4 weeks ago | Simply Wall St
Is There More To Britvic plc (LON:BVIC) Than Its 16% Returns On Capital?Valuation
Is Britvic undervalued compared to its fair value and its price relative to the market?
27.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BVIC (£7.66) is trading below our estimate of fair value (£10.5)
Significantly Below Fair Value: BVIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BVIC is poor value based on its PE Ratio (23.9x) compared to the Beverage industry average (18.8x).
PE vs Market: BVIC is poor value based on its PE Ratio (23.9x) compared to the UK market (15x).
Price to Earnings Growth Ratio
PEG Ratio: BVIC is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: BVIC is overvalued based on its PB Ratio (4.7x) compared to the GB Beverage industry average (3.1x).
Next Steps
Future Growth
How is Britvic forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
16.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BVIC's forecast earnings growth (16.3% per year) is above the savings rate (1.2%).
Earnings vs Market: BVIC's earnings (16.3% per year) are forecast to grow slower than the UK market (20.9% per year).
High Growth Earnings: BVIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BVIC's revenue (4% per year) is forecast to grow faster than the UK market (3.5% per year).
High Growth Revenue: BVIC's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BVIC's Return on Equity is forecast to be high in 3 years time (26.8%)
Next Steps
Past Performance
How has Britvic performed over the past 5 years?
-2.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BVIC has high quality earnings.
Growing Profit Margin: BVIC's current net profit margins (5.8%) are lower than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: BVIC's earnings have declined by -2.2% per year over the past 5 years.
Accelerating Growth: BVIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BVIC had negative earnings growth (-28.4%) over the past year, making it difficult to compare to the Beverage industry average (-0.8%).
Return on Equity
High ROE: BVIC's Return on Equity (19.6%) is considered low.
Next Steps
Financial Health
How is Britvic's financial position?
Financial Position Analysis
Short Term Liabilities: BVIC's short term assets (£578.2M) do not cover its short term liabilities (£776.5M).
Long Term Liabilities: BVIC's short term assets (£578.2M) do not cover its long term liabilities (£617.3M).
Debt to Equity History and Analysis
Debt Level: BVIC's debt to equity ratio (175%) is considered high.
Reducing Debt: BVIC's debt to equity ratio has reduced from 830.2% to 175% over the past 5 years.
Debt Coverage: BVIC's debt is well covered by operating cash flow (21.3%).
Interest Coverage: BVIC's interest payments on its debt are well covered by EBIT (8.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Britvic's current dividend yield, its reliability and sustainability?
3.62%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BVIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BVIC'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 BVIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BVIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BVIC is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BVIC'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?
4.1yrs
Average management tenure
CEO
Simon Litherland (54yo)
7.33yrs
Tenure
UK£3,452,500
Compensation
Mr. Simon Litherland has been the Chief Executive Officer of Britvic Plc since February 13, 2013. Mr. Litherland served as Managing Director of GB at Britvic Soft Drinks Limited since October 4, 2011. He h ...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD4.35M) is above average for companies of similar size in the UK market ($USD2.39M).
Compensation vs Earnings: Simon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.33yrs | UK£3.45m | 0.12% £2.4m | |
| CFO & Director | 0.75yr | UK£1.12m | 0.0047% £95.7k | |
| Chief Information | 2.42yrs | no data | 0.016% £329.6k | |
| Director of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | no data | no data | 0.015% £298.2k | |
| Chief Human Resources Officer | 2yrs | no data | 0.0040% £81.2k | |
| Head of Compensation & Benefits | no data | no data | no data | |
| Managing Director of Great Britain | 6.92yrs | no data | 0.024% £496.0k | |
| Managing Director of Ireland | 4.08yrs | no data | 0.011% £227.0k | |
| International Managing Director | 4.58yrs | no data | no data |
4.1yrs
Average Tenure
Experienced Management: BVIC's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.33yrs | UK£3.45m | 0.12% £2.4m | |
| CFO & Director | 0.75yr | UK£1.12m | 0.0047% £95.7k | |
| Independent Non-Executive Director | 4.33yrs | UK£66.20k | 0.0061% £125.0k | |
| Senior Independent Director | 2.75yrs | UK£75.20k | 0.0038% £76.7k | |
| Non-Executive Chairman | 2.75yrs | UK£240.00k | 0.0056% £114.8k | |
| Independent Non-Executive Director | 4.33yrs | UK£57.20k | no data | |
| Independent Non-Executive Director | 2.58yrs | UK£57.20k | no data | |
| Independent Non-Executive Director | 2.58yrs | UK£57.20k | no data |
2.8yrs
Average Tenure
55yo
Average Age
Experienced Board: BVIC's board of directors are not considered experienced ( 2.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Britvic plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Britvic plc
- Ticker: BVIC
- Exchange: LSE
- Founded: 2005
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Market Cap: UK£2.040b
- Shares outstanding: 266.28m
- Website: https://www.britvic.com
Number of Employees
Location
- Britvic plc
- Breakspear Park
- Breakspear Way
- Hemel Hempstead
- Hertfordshire
- HP2 4TZ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BVIC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Dec 2005 |
| B6S | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Dec 2005 |
| BTVC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2005 |
| BVICL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Dec 2005 |
| B6S | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2005 |
| BTVC.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Feb 2010 |
Biography
Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It also provides fruit juices, syrups, squash, mineral water, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored drinks. The company’s brand portfolio includes 7Up, Aqua Libra, Ballygowan, C&C, Club Mixers, Club Orange, DaFruta, Drench, Energise Sport, Fruit Shoot, Gatorade, J2O, Lipton, Maguary, MiWadi, Mountain Dew, Pepsi Max, Purdey's, R White's, Robinsons, Tango, Teisseire, TK, Fruité, Moulin de Valdonne, and Pressade. In addition, it supplies water-coolers and bottled water; wholesales soft drinks to the licensed trade; and offers pension funding and financing services. The company was incorporated in 2005 and is headquartered in Hemel Hempstead, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 21:41 |
| End of Day Share Price | 2020/06/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/09/29 |
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.