Market Cap
UK£2.6b
Last Updated
2021/07/31 18:38 UTC
Data Sources
Company Financials +
Executive Summary
Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with adequate 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 is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BVIC's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
0.2%
BVIC
1.7%
GB Beverage
0.3%
GB Market
1 Year Return
22.0%
BVIC
27.1%
GB Beverage
22.4%
GB Market
Return vs Industry: BVIC underperformed the UK Beverage industry which returned 27.1% over the past year.
Return vs Market: BVIC matched the UK Market which returned 22.4% over the past year.
Shareholder returns
| BVIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 1.7% | 0.3% |
| 30 Day | 2.5% | 2.9% | 0.3% |
| 90 Day | 10.4% | 8.8% | 1.5% |
| 1 Year | 26.2%22.0% | 30.3%27.1% | 27.9%22.4% |
| 3 Year | 33.3%21.8% | 28.8%19.5% | 12.7%-0.1% |
| 5 Year | 87.7%58.8% | 87.4%65.2% | 39.4%12.6% |
Long-Term 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
3 weeks ago | Simply Wall St
Britvic (LON:BVIC) Has Compensated Shareholders With A Respectable 90% Return On Their Investment1 month ago | Simply Wall St
Here's What's Concerning About Britvic's (LON:BVIC) Returns On Capital1 month ago | Simply Wall St
Does Britvic (LON:BVIC) Have A Healthy Balance Sheet?Valuation
Is Britvic undervalued compared to its fair value and its price relative to the market?
39.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BVIC (£9.75) is trading below our estimate of fair value (£16.21)
Significantly Below Fair Value: BVIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BVIC is good value based on its PE Ratio (29.2x) compared to the UK Beverage industry average (30.7x).
PE vs Market: BVIC is poor value based on its PE Ratio (29.2x) compared to the UK market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: BVIC is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: BVIC is overvalued based on its PB Ratio (8.1x) compared to the GB Beverage industry average (2.8x).
Future Growth
How is Britvic forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
15.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BVIC's forecast earnings growth (15% per year) is above the savings rate (0.9%).
Earnings vs Market: BVIC's earnings (15% per year) are forecast to grow faster than the UK market (14.8% per year).
High Growth Earnings: BVIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BVIC's revenue (4.1% per year) is forecast to grow slower than the UK market (4.7% per year).
High Growth Revenue: BVIC's revenue (4.1% 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 (29.8%)
Past Performance
How has Britvic performed over the past 5 years?
-5.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BVIC has high quality earnings.
Growing Profit Margin: BVIC's current net profit margins (6.7%) are higher than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: BVIC's earnings have declined by 5.5% per year over the past 5 years.
Accelerating Growth: BVIC's earnings growth over the past year (4.7%) exceeds its 5-year average (-5.5% per year).
Earnings vs Industry: BVIC earnings growth over the past year (4.7%) exceeded the Beverage industry -3.3%.
Return on Equity
High ROE: Whilst BVIC's Return on Equity (27.69%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Britvic's financial position?
Financial Position Analysis
Short Term Liabilities: BVIC's short term assets (£514.6M) exceed its short term liabilities (£505.3M).
Long Term Liabilities: BVIC's short term assets (£514.6M) do not cover its long term liabilities (£724.2M).
Debt to Equity History and Analysis
Debt Level: BVIC's debt to equity ratio (195.9%) is considered high.
Reducing Debt: BVIC's debt to equity ratio has reduced from 279.2% to 195.9% over the past 5 years.
Debt Coverage: BVIC's debt is well covered by operating cash flow (34.9%).
Interest Coverage: BVIC's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
Dividend
What is Britvic current dividend yield, its reliability and sustainability?
1.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BVIC's dividend (1.33%) is higher than the bottom 25% of dividend payers in the UK market (1.31%).
High Dividend: BVIC's dividend (1.33%) is low compared to the top 25% of dividend payers in the UK market (4%).
Stability and Growth of Payments
Stable Dividend: BVIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BVIC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.3%), BVIC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BVIC's dividends in 3 years are forecast to be covered by earnings (52.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Simon Litherland (56 yo)
8.33yrs
Tenure
UK£1,059,600
Compensation
Mr. Simon Litherland has been the Chief Executive Officer and Executive Director of Britvic Plc since February 13, 2013. He is responsible for the day-to-day management of the business, developing Britvic ...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD1.47M) is about average for companies of similar size in the UK market ($USD1.71M).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BVIC's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: BVIC's board of directors are considered experienced (3.8 years average tenure).
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£2.601b
- Shares outstanding: 266.89m
- Website: https://www.britvic.com
Number of Employees
Location
- Britvic plc
- Breakspear Park
- Breakspear Way
- Hemel Hempstead
- Hertfordshire
- HP2 4TZ
- United Kingdom
Listings
Biography
Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It also provides ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 18:38 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/09/30 |
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.