Greencore Group
Market Cap
UK£1.1b
Last Updated
2019/10/21 20:33 UTC
Data Sources
Company Financials +
Executive Summary
Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom.
Snowflake
Fundamentals
Moderate growth potential with imperfect balance sheet.
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
Market Performance
7 Day Return
1.0%
GNC
1.2%
GB Food
0.2%
GB Market
1 Year Return
26.3%
GNC
-4.2%
GB Food
1.7%
GB Market
Return vs Industry: GNC exceeded the UK Food industry which returned -4.2% over the past year.
Return vs Market: GNC exceeded the UK Market which returned 1.7% over the past year.
Shareholder returns
| GNC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 1.2% | 0.2% |
| 30 Day | 4.6% | -2.9% | -1.7% |
| 90 Day | 4.6% | -4.2% | -3.1% |
| 1 Year | 30.1%26.3% | -1.7%-4.2% | 6.7%1.7% |
| 3 Year | -1.6%-25.4% | -1.9%-9.0% | 17.7%3.1% |
| 5 Year | 29.0%-5.8% | 0.01%-9.6% | 36.1%5.5% |
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
20 hours ago | Simply Wall St
Is Greencore Group plc's (LON:GNC) CEO Pay Fair?2 weeks ago | Simply Wall St
Is Greencore Group plc’s (LON:GNC) 14% ROCE Any Good?4 weeks ago | Simply Wall St
Are Investors Undervaluing Greencore Group plc (LON:GNC) By 24%?Valuation
Is Greencore Group undervalued compared to its fair value and its price relative to the market?
20.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GNC (£2.37) is trading below our estimate of fair value (£2.97)
Significantly Below Fair Value: GNC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GNC is poor value based on its PE Ratio (241.7x) compared to the Food industry average (16.9x).
PE vs Market: GNC is poor value based on its PE Ratio (241.7x) compared to the UK market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: GNC is poor value based on its PEG Ratio (14.8x)
Price to Book Ratio
PB vs Industry: GNC is overvalued based on its PB Ratio (5.5x) compared to the GB Food industry average (1x).
Next Steps
Future Growth
How is Greencore Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
16.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNC's forecast earnings growth (16.4% per year) is above the savings rate (1.2%).
Earnings vs Market: GNC's earnings (16.4% per year) are forecast to grow faster than the UK market (12.4% per year).
High Growth Earnings: GNC's earnings are forecast to grow, but not significantly.
Revenue vs Market: GNC's revenue (3.5% per year) is forecast to grow slower than the UK market (3.9% per year).
High Growth Revenue: GNC's revenue (3.5% 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 high in 3 years time (26.4%)
Next Steps
Past Performance
How has Greencore Group performed over the past 5 years?
-32.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: GNC's earnings have declined by -32% per year over the past 5 years.
Accelerating Growth: GNC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GNC had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Food industry average (6.5%).
Return on Equity
High ROE: GNC's Return on Equity (3.4%) is considered low.
Return on Assets
ROA vs Industry: GNC's Return on Assets is below or equal to the Food industry average last year.
Return on Capital Employed
ROCE Improving: GNC has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Greencore Group's financial position?
Financial Position Analysis
Short Term Liabilities: GNC's short term assets (£243.1M) do not cover its short term liabilities (£350.5M)
Long Term Liabilities: GNC's short term assets (243.1M) do not cover its long term liabilities (430.4M)
Debt to Equity History and Analysis
Debt Level: GNC's debt to equity ratio (111.6%) is considered high
Reducing Debt: GNC's debt to equity ratio has increased from 106.1% to 111.6% over the past 5 years.
Debt Coverage: GNC's debt is well covered by operating cash flow (32.3%).
Interest Coverage: GNC's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Inventory Level: GNC has a high level of physical assets or inventory.
Debt Coverage by Assets: GNC's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Greencore Group's current dividend yield, its reliability and sustainability?
2.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: GNC's dividend (2.35%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: GNC's dividend (2.35%) is low compared to the top 25% of dividend payers in the UK market (5.37%).
Stable Dividend: GNC's dividend payments have been volatile in the past 10 years.
Growing Dividend: GNC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (593%), GNC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GNC's dividends in 3 years are forecast to be well covered by earnings (36.3% payout ratio).
Next Steps
Management
What is the CEO of Greencore Group's salary, the management and board of directors tenure and is there insider trading?
2.2yrs
Average management tenure
CEO
Patrick Coveney (49yo)
11.6yrs
Tenure
UK£1,252,000
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 serves as its Chairman of the Group Executive Board. Mr. Coveney serves as a ...
CEO Compensation Analysis
Compensation vs. Market: Patrick's total compensation ($USD1.62M) is about average for companies of similar size in the UK market ($USD1.75M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.2yrs
Average Tenure
Experienced Management: GNC's management team is considered experienced (2.2 years average tenure).
Board Age and Tenure
6.7yrs
Average Tenure
57yo
Average Age
Experienced Board: GNC's board of directors are considered experienced (6.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 25,000 |
| Max Price | UK£1.88 |
Ownership Breakdown
Management Team
Patrick Coveney (49yo)
Chairman of the Group Executive Board
- Tenure: 11.6yrs
- Compensation: UK£1.25m
Jack Gorman
Head of Investor Relations
- Tenure: 0yrs
Eoin Tonge (47yo)
CFO, Member of the Group Executive Board & Executive Director
- Tenure: 3yrs
- Compensation: UK£653.00k
Michael Evans
Group Communications Director
- Tenure: 0yrs
Peter Haden
COO, Member of Group Executive Board and CEO of Greencore UK & Executive Director
- Tenure: 0.4yrs
Nigel Blakey
Finance Director & Member of the Group Executive Board
- Tenure: 3yrs
Tracy Costello
CIO & Member of the Group Executive Board
- Tenure: 1.8yrs
Alwen Hill
Group Purchasing Director & Member of the Group Executive Board
- Tenure: 1.8yrs
Emma Hynes
Group Finance Director & Member of the Group Executive Board
- Tenure: 1.8yrs
Martin Ford
Technical Director
- Tenure: 0.9yrs
Board Members
Sly Bailey (57yo)
Senior Independent Director
- Tenure: 1.8yrs
- Compensation: UK£81.00k
Paul Kennedy (60yo)
Chairman
- Tenure: 6.8yrs
- Compensation: UK£288.00k
John Warren (66yo)
Non-Executive Director
- Tenure: 6.8yrs
- Compensation: UK£84.00k
John Moloney (65yo)
Non-Executive Director
- Tenure: 6.7yrs
- Compensation: UK£78.00k
Patrick Coveney (49yo)
Chairman of the Group Executive Board
- Tenure: 11.6yrs
- Compensation: UK£1.25m
Heather McSharry (57yo)
Non-Executive Director
- Tenure: 6.8yrs
- Compensation: UK£80.00k
Eoin Tonge (47yo)
CFO, Member of the Group Executive Board & Executive Director
- Tenure: 3yrs
- Compensation: UK£653.00k
Helen Rose (53yo)
Non-Executive Director
- Tenure: 1.5yrs
- Compensation: UK£33.00k
Peter Haden
COO, Member of Group Executive Board and CEO of Greencore UK & Executive Director
- Tenure: 0.4yrs
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£1.058b
- Shares outstanding: 446.01m
- 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 | 2019/10/21 20:33 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/03/29 |
| Annual Earnings | 2018/09/28 |
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.