Greencore Group
Market Cap
UK£1.1b
Last Updated
2020/02/19 20:37 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
High growth potential average dividend payer.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
GNC
-0.4%
GB Food
-0.4%
GB Market
1 Year Return
27.4%
GNC
10.0%
GB Food
6.6%
GB Market
Return vs Industry: GNC exceeded the UK Food industry which returned 8.5% over the past year.
Return vs Market: GNC exceeded the UK Market which returned 6.2% over the past year.
Shareholder returns
| GNC | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -0.4% | -0.4% |
| 30 Day | 2.8% | 0.1% | -1.7% |
| 90 Day | 3.1% | 6.9% | 5.4% |
| 1 Year | 30.8%27.4% | 12.8%10.0% | 12.4%6.6% |
| 3 Year | 9.0%0.5% | 9.0%1.9% | 18.5%3.4% |
| 5 Year | 4.4%-24.0% | 7.1%-3.6% | 35.8%4.7% |
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
Why Greencore Group plc (LON:GNC) Looks Like A Quality Company2 weeks ago | Simply Wall St
Here's What Greencore Group plc's (LON:GNC) ROCE Can Tell Us4 weeks ago | Simply Wall St
Is Greencore Group plc (LON:GNC) Trading At A 26% Discount?Valuation
Is Greencore Group undervalued compared to its fair value and its price relative to the market?
27.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GNC (£2.52) is trading below our estimate of fair value (£3.45)
Significantly Below Fair Value: GNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNC is poor value based on its PE Ratio (32.5x) compared to the Food industry average (16.8x).
PE vs Market: GNC is poor value based on its PE Ratio (32.5x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: GNC is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: GNC is overvalued based on its PB Ratio (3.7x) compared to the GB Food industry average (1.2x).
Next Steps
Future Growth
How is Greencore Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
22.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNC's forecast earnings growth (22.5% per year) is above the savings rate (0.5%).
Earnings vs Market: GNC's earnings (22.5% per year) are forecast to grow faster than the UK market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GNC's revenue (3.7% per year) is forecast to grow faster than the UK market (3.5% per year).
High Growth Revenue: GNC's revenue (3.7% 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 (21.2%)
Next Steps
Past Performance
How has Greencore Group performed over the past 5 years?
-28.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNC has a large one-off loss of £30.2M impacting its September 27 2019 financial results.
Growing Profit Margin: GNC's current net profit margins (2.8%) are higher than last year (0.7%).
Past Earnings Growth Analysis
Earnings Trend: GNC's earnings have declined by -28.4% per year over the past 5 years.
Accelerating Growth: GNC's earnings growth over the past year (316.6%) exceeds its 5-year average (-28.4% per year).
Earnings vs Industry: GNC earnings growth over the past year (316.6%) exceeded the Food industry 8.5%.
Return on Equity
High ROE: GNC's Return on Equity (14.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Greencore Group's financial position?
Financial Position Analysis
Short Term Liabilities: GNC's short term assets (£262.0M) do not cover its short term liabilities (£378.9M).
Long Term Liabilities: GNC's short term assets (£262.0M) do not cover its long term liabilities (£479.1M).
Debt to Equity History and Analysis
Debt Level: GNC's debt to equity ratio (108.7%) is considered high.
Reducing Debt: GNC's debt to equity ratio has increased from 83.6% to 108.7% over the past 5 years.
Debt Coverage: GNC's debt is well covered by operating cash flow (26.1%).
Interest Coverage: GNC's interest payments on its debt are well covered by EBIT (7.2x 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?
2.46%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GNC's dividend (2.46%) is higher than the bottom 25% of dividend payers in the UK market (1.82%).
High Dividend: GNC's dividend (2.46%) is low compared to the top 25% of dividend payers in the UK market (5.15%).
Stability and Growth of Payments
Stable Dividend: GNC's dividend payments have been volatile in the past 10 years.
Growing Dividend: GNC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.1%), GNC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GNC's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Patrick Coveney (49yo)
11.9yrs
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 ($USD2.54M) is above average for companies of similar size in the UK market ($USD1.83M).
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 | 11.9yrs | UK£2.35m | 0.85% £9.5m | |
| CFO, Member of the Group Executive Board & Executive Director | 3.3yrs | UK£1.03m | 0.14% £1.6m | |
| Finance Director & Member of the Group Executive Board | 3.3yrs | no data | no data | |
| CIO & Member of the Group Executive Board | 2.1yrs | no data | no data | |
| Group Purchasing Director & Member of the Group Executive Board | 2.1yrs | no data | no data | |
| Group Finance Director & Member of the Group Executive Board | 2.1yrs | no data | no data | |
| Technical Director | 1.3yrs | no data | no data | |
| Head of Investor Relations | 0yrs | no data | no data | |
| Group Communications Director | 0yrs | no data | no data | |
| HR Director | 0yrs | no data | no data |
2.1yrs
Average Tenure
Experienced Management: GNC's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 11.9yrs | UK£2.35m | 0.85% £9.5m | |
| CFO, Member of the Group Executive Board & Executive Director | 3.3yrs | UK£1.03m | 0.14% £1.6m | |
| Senior Independent Director | 2.2yrs | UK£94.50k | 0.013% £140.0k | |
| Independent Chairman | 7.1yrs | UK£325.00k | 0.035% £386.3k | |
| Non-Executive Director | 7.1yrs | UK£94.50k | 0.014% £151.1k | |
| Non-Executive Director | 0yrs | no data | no data | |
| Non-Executive Director | 0yrs | no data | no data | |
| Non-Executive Director | 7.1yrs | UK£90.00k | 0.013% £145.9k | |
| Non-Executive Director | 1.8yrs | UK£78.00k | 0.0056% £63.0k |
7.1yrs
Average Tenure
55yo
Average Age
Experienced Board: GNC's board of directors are considered experienced (7.1 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
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£1.115b
- Shares outstanding: 442.71m
- 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, 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 20:37 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/09/27 |
| 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.