Greencore Group
Market Cap
UK£563.6m
Last Updated
2020/08/04 22:10 UTC
Data Sources
Company Financials +
Executive Summary
Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
Similar Companies
Share Price & News
How has Greencore Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GNC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.6%
GNC
-0.6%
GB Food
-1.1%
GB Market
1 Year Return
-38.6%
GNC
-16.5%
GB Food
-12.3%
GB Market
Return vs Industry: GNC underperformed the UK Food industry which returned -17.6% over the past year.
Return vs Market: GNC underperformed the UK Market which returned -12.7% over the past year.
Shareholder returns
| GNC | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | -0.6% | -1.1% |
| 30 Day | 2.9% | -6.5% | -1.2% |
| 90 Day | -26.4% | 4.9% | 4.7% |
| 1 Year | -37.7%-38.6% | -14.8%-16.5% | -8.4%-12.3% |
| 3 Year | -38.6%-42.9% | -27.1%-31.5% | -7.7%-19.0% |
| 5 Year | -44.5%-59.3% | -21.4%-29.1% | 12.6%-12.6% |
Price Volatility Vs. Market
How volatile is Greencore Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why Greencore Group (LON:GNC) Has A Meaningful Debt Burden4 weeks ago | Simply Wall St
What We Learnt About Greencore Group's (LON:GNC) CEO Compensation1 month ago | Simply Wall St
Have Insiders Been Selling Greencore Group plc (LON:GNC) Shares This Year?Valuation
Is Greencore Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GNC (£1.27) is trading below our estimate of fair value (£2.92)
Significantly Below Fair Value: GNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNC is good value based on its PE Ratio (8.7x) compared to the GB Food industry average (15.2x).
PE vs Market: GNC is good value based on its PE Ratio (8.7x) compared to the UK market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: GNC is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: GNC is overvalued based on its PB Ratio (1.7x) compared to the GB Food industry average (0.8x).
Next Steps
Future Growth
How is Greencore Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
24.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNC's forecast earnings growth (24.4% per year) is above the savings rate (1.2%).
Earnings vs Market: GNC's earnings (24.4% per year) are forecast to grow faster than the UK market (22.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GNC's revenue (4.9% per year) is forecast to grow faster than the UK market (4.7% per year).
High Growth Revenue: GNC's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GNC's Return on Equity is forecast to be low in 3 years time (16.5%).
Next Steps
Past Performance
How has Greencore Group performed over the past 5 years?
-15.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNC has high quality earnings.
Growing Profit Margin: GNC's current net profit margins (4.5%) are higher than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: GNC's earnings have declined by 15.9% per year over the past 5 years.
Accelerating Growth: GNC's earnings growth over the past year (897.1%) exceeds its 5-year average (-15.9% per year).
Earnings vs Industry: GNC earnings growth over the past year (897.1%) exceeded the Food industry 5.8%.
Return on Equity
High ROE: GNC's Return on Equity (19.6%) is considered low.
Next Steps
Financial Health
How is Greencore Group's financial position?
Financial Position Analysis
Short Term Liabilities: GNC's short term assets (£254.3M) do not cover its short term liabilities (£365.2M).
Long Term Liabilities: GNC's short term assets (£254.3M) do not cover its long term liabilities (£514.2M).
Debt to Equity History and Analysis
Debt Level: GNC's debt to equity ratio (101.2%) is considered high.
Reducing Debt: GNC's debt to equity ratio has reduced from 118.7% to 101.2% over the past 5 years.
Debt Coverage: GNC's debt is well covered by operating cash flow (32.5%).
Interest Coverage: GNC's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Greencore Group current dividend yield, its reliability and sustainability?
2.78%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GNC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GNC'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 GNC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GNC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GNC is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GNC'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?
2.6yrs
Average management tenure
CEO
Patrick Coveney (50 yo)
12.42yrs
Tenure
UK£2,353,000
Compensation
Mr. Patrick F. Coveney, B.Comm, M.Phil, D.Phil, has been the Chief Executive Officer of Greencore Group Plc since March 2008 and served as its Chairman of the Group Executive Board. Mr. Coveney serves as a ...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD2.77M) is above average for companies of similar size in the UK market ($USD1.18M).
Compensation vs Earnings: Patrick's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 12.42yrs | UK£2.35m | 0.79% £ 4.5m | |
| CFO & Executive Director | 0.25yr | no data | no data | |
| Finance Director & Member of the Group Executive Board | 3.83yrs | no data | no data | |
| CIO & Member of the Group Executive Board | 2.58yrs | no data | no data | |
| Group Purchasing Director & Member of the Group Executive Board | 2.58yrs | no data | no data | |
| Technical Director | 1.75yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group Communications Director | no data | no data | no data | |
| HR Director | no data | no data | no data | |
| Chief Commercial Officer | no data | no data | no data | |
| Manufacturing Director | 1.83yrs | no data | no data | |
| Senior Vice President Strategic Development -Greencore US | 2.58yrs | no data | no data |
2.6yrs
Average Tenure
Experienced Management: GNC's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 12.42yrs | UK£2.35m | 0.79% £ 4.5m | |
| CFO & Executive Director | 0.25yr | no data | no data | |
| Non-Executive Director | 0.25yr | no data | no data | |
| Senior Independent Director | 2.67yrs | UK£94.50k | 0.013% £ 70.7k | |
| Independent Chairman | 7.58yrs | UK£325.00k | 0.063% £ 354.3k | |
| Independent Non-Executive Director | 7.58yrs | UK£94.50k | 0.014% £ 76.4k | |
| Non-Executive Director | 0.50yr | no data | no data | |
| Non-Executive Director | 0.50yr | no data | no data | |
| Independent Non-Executive Director | 7.58yrs | UK£90.00k | 0.013% £ 73.7k | |
| Independent Non-Executive Director | 2.33yrs | UK£78.00k | 0.0056% £ 31.8k |
2.5yrs
Average Tenure
58yo
Average Age
Experienced Board: GNC's board of directors are not considered experienced ( 2.5 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
Greencore Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Greencore Group plc
- Ticker: GNC
- Exchange: LSE
- Founded: 1991
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: UK£563.634m
- Shares outstanding: 442.76m
- Website: https://www.greencore.com
Number of Employees
Location
- Greencore Group plc
- No. 2 Northwood Avenue
- Northwood Business Park
- Dublin
- Co. Dublin
- D09 X5N9
- Ireland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GNCG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 1991 |
| GNC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | May 1991 |
| GCG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 1991 |
| GNCL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | May 1991 |
| GNCG N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | May 1991 |
| GNCG.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | May 1999 |
Biography
Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/04 22:10 |
| End of Day Share Price | 2020/08/04 00:00 |
| Earnings | 2020/03/27 |
| Annual Earnings | 2019/09/27 |
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.