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CWK

CranswickLSE:CWK Stock Report

Market Cap

UK£1.8b

7D

-3.0%

1Y

1.7%

Updated

25 Oct, 2021

Data

Company Financials +
CWK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends5/6

CWK Overview

Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally.

Cranswick Competitors

Associated British Foods

LSE:ABF

UK£13.6b

Tate & Lyle

LSE:TATE

UK£3.1b

Hilton Food Group

LSE:HFG

UK£971.4m

Premier Foods

LSE:PFD

UK£954.3m

Price History & Performance

Summary of all time highs, changes and price drops for Cranswick
Historical stock prices
Current Share PriceUK£34.40
52 Week HighUK£31.44
52 Week LowUK£42.00
Beta0.37
1 Month Change-5.96%
3 Month Change-15.35%
1 Year Change1.65%
3 Year Change19.03%
5 Year Change62.42%
Change since IPO4,814.29%

Recent News & Updates

Sep 11
An Intrinsic Calculation For Cranswick plc (LON:CWK) Suggests It's 20% Undervalued

An Intrinsic Calculation For Cranswick plc (LON:CWK) Suggests It's 20% Undervalued

How far off is Cranswick plc ( LON:CWK ) from its intrinsic value? Using the most recent financial data, we'll take a...

Aug 14
Does Cranswick (LON:CWK) Deserve A Spot On Your Watchlist?

Does Cranswick (LON:CWK) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Jul 20
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Cranswick plc's (LON:CWK) CEO For Now

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Cranswick plc's (LON:CWK) CEO For Now

Performance at Cranswick plc ( LON:CWK ) has been reasonably good and CEO Adam Couch has done a decent job of steering...

Shareholder Returns

CWKGB FoodGB Market
7D-3.0%-3.0%-0.3%
1Y1.7%9.4%23.2%

Return vs Industry: CWK underperformed the UK Food industry which returned 9.4% over the past year.

Return vs Market: CWK underperformed the UK Market which returned 23.2% over the past year.

Price Volatility

Is CWK's price volatile compared to industry and market?
CWK volatility
CWK Beta0.37
Industry Beta0.96
Market Beta1

Stable Share Price: CWK is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CWK's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197212,603Adam Couchhttps://www.cranswick.plc.uk

Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and cooked chicken, and prepared chicken and poultry products, as well as gourmet sausages, cooked meats, continental foods, gourmet pastries, and ingredients. It also offers snacking products under Bodega brand, as well as operates export business.

Cranswick Fundamentals Summary

How do Cranswick's earnings and revenue compare to its market cap?
CWK fundamental statistics
Market CapUK£1.83b
Earnings (TTM)UK£92.50m
Revenue (TTM)UK£1.90b

19.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CWK income statement (TTM)
RevenueUK£1.90b
Cost of RevenueUK£1.63b
Gross ProfitUK£269.20m
ExpensesUK£176.70m
EarningsUK£92.50m

Last Reported Earnings

Mar 27, 2021

Next Earnings Date

Nov 23, 2021

Earnings per share (EPS)1.75
Gross Margin14.18%
Net Profit Margin4.87%
Debt/Equity Ratio8.7%

How did CWK perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is Cranswick undervalued compared to its fair value and its price relative to the market?

35.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CWK (£34.52) is trading below our estimate of fair value (£53.48)

Significantly Below Fair Value: CWK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CWK is poor value based on its PE Ratio (19.8x) compared to the UK Food industry average (14x).

PE vs Market: CWK is good value based on its PE Ratio (19.8x) compared to the UK market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: CWK is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: CWK is overvalued based on its PB Ratio (2.7x) compared to the GB Food industry average (1.4x).


Future Growth

How is Cranswick forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CWK's forecast earnings growth (5.3% per year) is above the savings rate (0.9%).

Earnings vs Market: CWK's earnings (5.3% per year) are forecast to grow slower than the UK market (12.8% per year).

High Growth Earnings: CWK's earnings are forecast to grow, but not significantly.

Revenue vs Market: CWK's revenue (3.2% per year) is forecast to grow slower than the UK market (5% per year).

High Growth Revenue: CWK's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CWK's Return on Equity is forecast to be low in 3 years time (12.8%).


Past Performance

How has Cranswick performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CWK has high quality earnings.

Growing Profit Margin: CWK's current net profit margins (4.9%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: CWK's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: CWK's earnings growth over the past year (11.9%) exceeds its 5-year average (10.5% per year).

Earnings vs Industry: CWK earnings growth over the past year (11.9%) exceeded the Food industry 11%.


Return on Equity

High ROE: CWK's Return on Equity (13.5%) is considered low.


Financial Health

How is Cranswick's financial position?


Financial Position Analysis

Short Term Liabilities: CWK's short term assets (£384.5M) exceed its short term liabilities (£232.2M).

Long Term Liabilities: CWK's short term assets (£384.5M) exceed its long term liabilities (£123.6M).


Debt to Equity History and Analysis

Debt Level: CWK's debt to equity ratio (8.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CWK's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CWK's debt is well covered by operating cash flow (303.3%).

Interest Coverage: CWK's interest payments on its debt are well covered by EBIT (43.1x coverage).


Balance Sheet


Dividend

What is Cranswick current dividend yield, its reliability and sustainability?

2.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CWK's dividend (2.03%) is higher than the bottom 25% of dividend payers in the UK market (1.4%).

High Dividend: CWK's dividend (2.03%) is low compared to the top 25% of dividend payers in the UK market (4.06%).


Stability and Growth of Payments

Stable Dividend: CWK's dividends per share have been stable in the past 10 years.

Growing Dividend: CWK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.7%), CWK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CWK's dividends in 3 years are forecast to be well covered by earnings (37.2% payout ratio).


Next Steps

Management

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

6.7yrs

Average management tenure


CEO

Adam Couch (52 yo)

9.17yrs

Tenure

UK£2,870,000

Compensation

Mr. Adam Hartley Couch has been the Chief Executive Officer of Cranswick plc since August 2012. Mr. Couch has over 23 years’ experience in the food industry. He served as Managing Director of the fresh por...


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD3.95M) is above average for companies of similar size in the UK market ($USD1.66M).

Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CWK's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: CWK's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CWK 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

Cranswick plc's employee growth, exchange listings and data sources


Key Information

  • Name: Cranswick plc
  • Ticker: CWK
  • Exchange: LSE
  • Founded: 1972
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: UK£1.829b
  • Shares outstanding: 52.97m
  • Website: https://www.cranswick.plc.uk

Number of Employees


Location

  • Cranswick plc
  • Crane Court
  • Hesslewood Country Office Park
  • Hessle
  • North Humberside
  • HU13 0PA
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 17:48
End of Day Share Price2021/10/25 00:00
Earnings2021/03/27
Annual Earnings2021/03/27


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.