Greencore Group
Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The last earnings update was 72 days ago. More info.
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GNC Share Price and Events
7 Day Returns
1 Year Returns
GNC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Greencore Group (GNC) | -1% | 2.1% | 1.8% | 4.8% | -47.8% | -19.7% |
| GB Food | -1.8% | 3.6% | -3.3% | -8.5% | -19.8% | -15.9% |
| GB Market | -0.4% | 3.9% | 1.5% | -2.3% | 19% | -4% |
1 Year Return vs Industry and Market
- GNC outperformed the Food industry which returned -8.5% over the past year.
- GNC outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.3% over the past year.
Value
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
Greencore Group
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Greencore Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.7% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 8.8% |
| Food Unlevered Beta | Simply Wall St/ S&P Global | 0.55 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.549 (1 + (1- 12.5%) (63.75%)) |
0.855 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.85 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.855 * 8.77%) |
8.73% |
Discounted Cash Flow Calculation for LSE:GNC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Greencore Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (GBP, Millions) | 53.54 | 71.04 | 80.20 | 90.53 | 102.20 |
| Source | Analyst x3 | Analyst x3 | Est @ 12.89% | Est @ 12.89% | Est @ 12.89% |
|
Present Value Discounted (@ 8.73%) |
49.24 | 60.10 | 62.40 | 64.78 | 67.26 |
| Present value of next 5 years cash flows | £303.79 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= £102.20 × (1 + 1.23%) ÷ (8.73% – 1.23%) |
£1,379.58 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= £1,379.58 ÷ (1 + 8.73%)5 |
£908.00 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= £303.79 + £908.00 |
£1,211.79 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £1,211.79 / 445.96 |
£2.72 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £2.72 |
| Current discount | Discount to share price of
£1.94
= -1 x (£1.94 - £2.72) / £2.72 |
28.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Greencore Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Greencore Group'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 Greencore Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Greencore Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-28) in GBP | £0.01 |
| LSE:GNC Share Price ** | LSE (2019-02-14) in GBP | £1.94 |
| United Kingdom of Great Britain and Northern Ireland Food Industry PE Ratio | Median Figure of 20 Publicly-Listed Food Companies | 19.08x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 814 Publicly-Listed Companies | 15.83x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Greencore Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:GNC Share Price ÷ EPS (both in GBP) = 1.94 ÷ 0.01 |
137.82x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greencore Group is overvalued based on earnings compared to the GB Food industry average.
- Greencore Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Greencore Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 137.82x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
32.4%per year |
| United Kingdom of Great Britain and Northern Ireland Food Industry PEG Ratio | Median Figure of 18 Publicly-Listed Food Companies | 2.05x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 579 Publicly-Listed Companies | 1.29x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 137.82x ÷ 32.4% |
4.25x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greencore Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Greencore Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-28) in GBP | £1.05 |
| LSE:GNC Share Price * | LSE (2019-02-14) in GBP | £1.94 |
| United Kingdom of Great Britain and Northern Ireland Food Industry PB Ratio | Median Figure of 30 Publicly-Listed Food Companies | 1.21x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,361 Publicly-Listed Companies | 1.52x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:GNC Share Price ÷ Book Value per Share (both in GBP) = 1.94 ÷ 1.05 |
1.85x |
* Primary Listing of Greencore Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greencore Group is overvalued based on assets compared to the GB Food industry average.
Value checks
We assess Greencore Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Food industry average (and greater than 0)? (1 check) Greencore Group has a total score of 1/6, 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
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!
Earnings growth vs Low Risk Savings
- Greencore Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- Greencore Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- Greencore Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:GNC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 32.4% |
| LSE:GNC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 2.8% |
| United Kingdom of Great Britain and Northern Ireland Food Industry Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| United Kingdom of Great Britain and Northern Ireland Food Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.4% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 3.7% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-09-30 | 1,621 | 133 | 86 | 8 |
| 2020-09-30 | 1,552 | 124 | 81 | 9 |
| 2019-09-30 | 1,499 | 112 | 100 | 9 |
| 2018-09-30 | 2,381 | 148 | 56 | 7 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-28 | 1,499 | 130 | 10 |
| 2018-03-30 | 2,548 | 119 | 4 |
| 2017-12-30 | 2,434 | 119 | 8 |
| 2017-09-29 | 1,438 | 118 | 16 |
| 2017-06-29 | 2,060 | 116 | 25 |
| 2017-03-31 | 1,801 | 114 | 38 |
| 2016-12-31 | 1,641 | 114 | 43 |
| 2016-09-30 | 1,482 | 115 | 47 |
| 2016-06-30 | 1,437 | 115 | 50 |
| 2016-03-25 | 1,392 | 114 | 53 |
| 2015-12-25 | 1,366 | 96 | 55 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Greencore Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-09-30 | 0.20 | 0.20 | 0.19 | 3.00 |
| 2020-09-30 | 0.18 | 0.19 | 0.17 | 5.00 |
| 2019-09-30 | 0.22 | 0.28 | 0.14 | 3.00 |
| 2018-09-30 | 0.08 | 0.09 | 0.07 | 3.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-09-28 | 0.01 |
| 2018-03-30 | 0.01 |
| 2017-12-30 | 0.01 |
| 2017-09-29 | 0.02 |
| 2017-06-29 | 0.04 |
| 2017-03-31 | 0.07 |
| 2016-12-31 | 0.07 |
| 2016-09-30 | 0.12 |
| 2016-06-30 | 0.12 |
| 2016-03-25 | 0.13 |
| 2015-12-25 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Greencore Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- 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)
- 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)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Greencore Group has a total score of 4/6, 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 Greencore Group 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
Past Earnings growth analysis
- Greencore Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Greencore Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Greencore Group's 1-year earnings growth is negative, it can't be compared to the GB Food industry average.
Earnings and Revenue History
All data from Greencore Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-28 | 1,498.50 | 9.90 | 374.30 | |
| 2018-03-30 | 2,547.90 | 3.60 | 538.90 | |
| 2017-12-30 | 2,433.80 | 7.90 | 514.05 | |
| 2017-09-29 | 1,438.40 | 15.60 | 369.20 | |
| 2017-06-29 | 2,060.15 | 25.05 | 464.50 | |
| 2017-03-31 | 1,800.60 | 37.90 | 439.80 | |
| 2016-12-31 | 1,641.25 | 42.65 | 407.15 | |
| 2016-09-30 | 1,481.90 | 47.40 | 374.50 | |
| 2016-06-30 | 1,437.00 | 49.95 | 360.90 | |
| 2016-03-25 | 1,392.10 | 52.50 | 347.30 | |
| 2015-12-25 | 1,366.20 | 55.25 | 341.70 | |
| 2015-09-25 | 1,340.30 | 58.00 | 336.10 | |
| 2015-06-25 | 1,316.90 | 59.70 | 333.60 | |
| 2015-03-27 | 1,293.50 | 61.40 | 331.10 | |
| 2014-12-27 | 1,283.50 | 54.45 | 326.00 | |
| 2014-09-26 | 1,273.50 | 47.50 | 320.90 | |
| 2014-06-26 | 1,258.76 | 53.20 | 310.52 | |
| 2014-03-28 | 1,244.01 | 58.90 | 300.13 | |
| 2013-12-28 | 1,220.56 | 63.20 | 295.12 | |
| 2013-09-27 | 1,197.10 | 67.50 | 290.10 | |
| 2013-06-27 | 1,182.12 | 53.43 | 287.53 | |
| 2013-03-29 | 1,167.14 | 39.36 | 284.95 | |
| 2012-12-29 | 1,164.53 | 37.02 | 284.06 | |
| 2012-09-28 | 1,161.93 | 34.68 | 283.18 | |
| 2012-06-28 | 1,077.60 | 34.90 | 260.34 | |
| 2012-03-30 | 993.26 | 35.13 | 237.50 |
*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.
- Greencore Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Greencore Group used its assets less efficiently than the GB Food industry average last year based on Return on Assets.
- Greencore Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Greencore Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Greencore Group has a total score of 0/6, 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 Greencore Group'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 Greencore Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Greencore Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Greencore Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.2x debt.
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.
All data from Greencore Group Company Filings, last reported 4 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-28 | 743.60 | 551.50 | 37.00 |
| 2018-03-30 | 686.10 | 551.00 | 20.20 |
| 2017-12-30 | 686.10 | 551.00 | 20.20 |
| 2017-09-29 | 710.80 | 553.20 | 19.80 |
| 2017-06-29 | 710.80 | 553.30 | 19.80 |
| 2017-03-31 | 729.00 | 592.90 | 12.70 |
| 2016-12-31 | 729.00 | 592.90 | 12.70 |
| 2016-09-30 | 285.60 | 380.60 | 25.50 |
| 2016-06-30 | 285.60 | 380.60 | 25.50 |
| 2016-03-25 | 310.20 | 340.50 | 4.60 |
| 2015-12-25 | 310.20 | 340.50 | 4.60 |
| 2015-09-25 | 323.00 | 295.90 | 13.50 |
| 2015-06-25 | 323.00 | 295.90 | 13.50 |
| 2015-03-27 | 271.00 | 324.80 | 13.40 |
| 2014-12-27 | 271.00 | 324.80 | 13.40 |
| 2014-09-26 | 283.60 | 235.90 | 12.20 |
| 2014-06-26 | 283.60 | 235.90 | 12.20 |
| 2014-03-28 | 262.67 | 281.38 | 18.79 |
| 2013-12-28 | 262.67 | 281.38 | 18.79 |
| 2013-09-27 | 252.00 | 250.80 | 7.30 |
| 2013-06-27 | 252.00 | 250.80 | 7.30 |
| 2013-03-29 | 196.28 | 307.77 | 13.10 |
| 2012-12-29 | 196.28 | 307.77 | 13.10 |
| 2012-09-28 | 200.52 | 297.66 | 18.76 |
| 2012-06-28 | 200.52 | 297.66 | 18.76 |
| 2012-03-30 | 208.11 | 291.60 | 16.53 |
- Greencore Group's level of debt (74.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (99.7% vs 74.2% today).
- Debt is well covered by operating cash flow (23.5%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
Financial health checks
We assess Greencore Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Greencore Group has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Greencore Group'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
If you bought
£2,000 of
Greencore Group
shares you are expected to receive
£57
in your first year as a dividend.
Dividend Amount
- Greencore Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
- Greencore Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.27%).
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.
| 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 9 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Food Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 2.5% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 709 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| 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 | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-09-30 | 0.07 | 8.00 |
| 2020-09-30 | 0.07 | 10.00 |
| 2019-09-30 | 0.06 | 9.00 |
| 2018-09-30 | 0.06 | 8.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-04 | 0.056 | 3.020 |
| 2018-05-22 | 0.056 | 3.022 |
| 2017-11-28 | 0.055 | 3.112 |
| 2016-12-05 | 0.067 | 2.946 |
| 2016-11-14 | 0.067 | 2.243 |
| 2015-11-24 | 0.062 | 1.801 |
| 2014-11-25 | 0.055 | 1.754 |
| 2013-11-26 | 0.048 | 1.896 |
| 2013-11-25 | 0.048 | 2.632 |
| 2013-05-21 | 0.044 | 2.938 |
| 2012-11-27 | 0.043 | 4.087 |
| 2012-11-26 | 0.043 | 4.690 |
| 2012-05-22 | 0.035 | 4.341 |
| 2011-12-06 | 0.043 | 6.938 |
| 2011-12-05 | 0.046 | 8.565 |
| 2010-12-09 | 0.050 | 7.557 |
| 2010-11-17 | 0.050 | 5.505 |
| 2009-11-25 | 0.048 | 5.877 |
| 2009-02-16 | 0.091 | 12.441 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Greencore Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Greencore Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Greencore Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | £1,252,000 |
| AGE | 48 |
| TENURE AS CEO | 10.9 years |
CEO Bio
Mr. Patrick F. Coveney, B.Comm, M.Phil, D.Phil, has been the Chief Executive Officer of Greencore Group Plc since March 2008 and serves as its Chairman of the Group Executive Board. Mr. Coveney serves as a Partner of McKinsey and Company. He serves as Location Manager of McKinsey in Dublin. He served as Chief Financial Officer at Greencore Group Plc until March 2008. He is Director of Irish Sailing Foundation Company Limited By Guarantee. He is also Non-Executive Chairman of Core Media Group. He played a central role in the development of Greencore's strategy and business over two years across all business segments and functions and was responsible for the financial planning and management of the business and presided over the significant recent strengthening of its balance sheet and financial position. Prior to Greencore, he served as Managing Partner of McKinsey Ireland. He joined McKinsey in 1996. He served as President of the Dublin Chamber of Commerce in 2012, having been a Council member since 2003. He gained extensive knowledge and experience in Irish, UK and EU consumer food, food service and retail markets and has played a central role in the development and delivery of successful strategies for a number of major clients in these sectors. He has also led significant strategic projects in the financial services sector. He has been a Non-Executive Director of Glanbia plc since May 30, 2014. Mr. Coveney has been an Executive Director of Greencore Group plc since September 5, 2005. Mr. Coveney is a former Rhodes Scholar and holds a D.Phil and M.Phil from Oxford University. He also has a B.Comm (First Class) from University College Cork, where he was overall graduate of the Year in 1992.
CEO Compensation
- Patrick's compensation has been consistent with company performance over the past year.
- Patrick's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the Greencore Group management team in years:
- The average tenure for the Greencore Group management team is less than 2 years, this suggests a new team.
Management Team
Patrick Coveney
Chairman of the Group Executive Board
£1M
48
10.9 yrs
Eoin Tonge
CFO, Member of the Group Executive Board & Executive Director
£653K
46
2.3 yrs
Kevin Moore
Chief Operating Officer
Peter Haden
MD, Member of the Group Executive Board & CEO of Greencore UK
Nigel Blakey
Finance Director & Member of the Group Executive Board
2.3 yrs
Tracy Costello
CIO & Member of the Group Executive Board
1.1 yrs
Alwen Hill
Group Purchasing Director & Member of the Group Executive Board
1.1 yrs
Emma Hynes
Group Finance Director & Member of the Group Executive Board
1.1 yrs
Martin Ford
Technical Director
0.3 yrs
Jack Gorman
Head of Investor Relations
Board of Directors Tenure
Average tenure and age of the Greencore Group board of directors in years:
- The tenure for the Greencore Group board of directors is about average.
Board of Directors
Paul Kennedy
Chairman
£288K
59
6.1 yrs
Patrick Coveney
Chairman of the Group Executive Board
£1M
48
13.4 yrs
Eoin Tonge
CFO, Member of the Group Executive Board & Executive Director
£653K
46
2.3 yrs
Heather McSharry
Non-Executive Director
£80K
56
6.1 yrs
John Warren
Non-Executive Director
£84K
65
6.1 yrs
John Moloney
Non-Executive Director
£78K
64
6 yrs
Sly Bailey
Senior Independent Director
£81K
56
1.2 yrs
Helen Rose
Non-Executive Director
£33K
52
0.8 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Greencore Group insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16. Jan 19 | Buy | Helen Rose | Individual | 15. Jan 19 | 15. Jan 19 | 25,000 | £1.88 | £47,038 | ||
| 14. Mar 18 | Buy | Thomas Sampson | Individual | 14. Mar 18 | 14. Mar 18 | 50,000 | £1.29 | £64,415 | ||
| 14. Mar 18 | Buy | Eoin Tonge | Individual | 14. Mar 18 | 14. Mar 18 | 20,383 | £1.29 | £26,325 | ||
| 14. Mar 18 | Buy | Patrick Coveney | Individual | 14. Mar 18 | 14. Mar 18 | 68,000 | £1.28 | £86,700 | ||
| 14. Mar 18 | Buy | Paul Kennedy | Individual | 14. Mar 18 | 14. Mar 18 | 30,000 | £1.21 | £36,330 | ||
| 14. Mar 18 | Buy | Heather McSharry | Individual | 14. Mar 18 | 14. Mar 18 | 20,000 | £1.28 | £25,500 | ||
| 14. Mar 18 | Buy | Kevin O'Malley | Individual | 14. Mar 18 | 14. Mar 18 | 10,000 | £1.27 | £12,667 | ||
Management checks
We assess Greencore Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Greencore Group 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
Is Greencore Group plc (LON:GNC) A Financially Sound Company?
Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued at $60)! … While small-cap stocks, such as Greencore Group plc (LON:GNC) with its market cap of UK£1.4b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.
Simply Wall St - – Full articleCalculating The Intrinsic Value Of Greencore Group plc (LON:GNC)
by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleIs Greencore Group plc's (LON:GNC) 1.7% ROE Worse Than Average?
To keep the lesson grounded in practicality, we'll use ROE to better understand Greencore Group plc (LON:GNC). … That means that for every £1 worth of shareholders' equity, it generated £0.017 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHave Insiders Been Buying Greencore Group plc (LON:GNC) Shares This Year?
So we'll take a look at whether insiders have been buying or selling shares in Greencore Group plc (LON:GNC). … In the last twelve months, the biggest single purchase by an insider was when Chairman of the Group Executive Board Patrick Coveney bought UK£87k worth of shares at a price of UK£1.28 per share. … In total, Greencore Group insiders bought more than they sold over the last year
Simply Wall St - – Full articleIs Greencore Group plc (LON:GNC) A Smart Choice For Dividend Investors?
Historically, Greencore Group plc (LON:GNC) has paid dividends to shareholders, and these days it yields 3.0%. … Does Greencore Group tick all the boxes of a great dividend stock? … See our latest analysis for Greencore Group
Simply Wall St - – Full articleOur Take On Greencore Group plc's (LON:GNC) CEO Salary
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Patrick Coveney's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Greencore Group plc has a market cap of UK£1.4b, and is paying total annual CEO compensation of UK£1.4m.
Simply Wall St - – Full articleWhat Do You Get For Owning Greencore Group plc (LON:GNC)?
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. … To understand Greencore Group’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit
Simply Wall St - – Full articleWith An ROE Of 0.8%, Can Greencore Group plc (LON:GNC) Catch Up To The Industry?
Greencore Group plc (LON:GNC) generated a below-average return on equity of 0.8% in the past 12 months, while its industry returned 9.7%. … Knowing these components can change your views on GNC's below-average returns. … I will take you through how metrics such as financial leverage impact ROE which may affect the overall sustainability of GNC's returns
Simply Wall St - – Full articleShould You Be Concerned About Greencore Group plc's (LON:GNC) Investors?
In this article, I'm going to take a look at Greencore Group plc’s (LON:GNC) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine GNC's ownership structure in more detail.
Simply Wall St - – Full articleGreencore Group plc (LON:GNC): What Is Driving Margins?
As analysts forecast … Greencore Group plc (LON:GNC) to … earnings growth of 32.22% annualised
Simply Wall St - – Full articleCompany Info
Map
Description
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, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties. The company sells its products through grocery and other retailers, including supermarkets, as well as convenience stores. Greencore Group plc was founded in 1991 and is headquartered in Dublin, Ireland.
Details
| Name: | Greencore Group plc |
| GNC | |
| Exchange: | LSE |
| Founded: | 1991 |
| £865,154,607 | |
| 445,955,983 | |
| Website: | http://www.greencore.com |
| Address: |
Greencore Group plc No. 2 Northwood Avenue, Northwood Business Park, Dublin, Co. Dublin, D09 X5N9, Ireland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | GNC | Ordinary Shares | London Stock Exchange | GB | GBP | 22. May 1991 | |
| OTCPK | GNCG.F | Ordinary Shares | Pink Sheets LLC | US | USD | 22. May 1991 | |
| DB | GCG | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 22. May 1991 | |
| BMV | GNCG N | Ordinary Shares | Bolsa Mexicana de Valores | MX | MXN | 22. May 1991 | |
| BATS-CHIXE | GNCL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 22. May 1991 | |
| OTCPK | GNCG.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 17. May 1999 |
Number of employees
Current staff
Industry
| Packaged Foods and Meats | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/14 20:36 |
| End of day share price update: | 2019/02/14 00:00 |
| Last estimates confirmation: | 2019/02/08 |
| Last earnings filing: | 2018/12/04 |
| Last earnings reported: | 2018/09/28 |
| Last annual earnings reported: | 2018/09/28 |
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.
