Tate & Lyle
Market Cap
UK£3.2b
Last Updated
2019/10/16 20:37 UTC
Data Sources
Company Financials +
Executive Summary
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally.
Snowflake
Fundamentals
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Tate & Lyle's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.2%
TATE
3.2%
GB Food
1.9%
GB Market
1 Year Return
7.9%
TATE
-3.6%
GB Food
2.4%
GB Market
Return vs Industry: TATE exceeded the UK Food industry which returned -3.6% over the past year.
Return vs Market: TATE exceeded the UK Market which returned 2.4% over the past year.
Shareholder returns
| TATE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | 3.2% | 1.9% |
| 30 Day | -7.2% | -3.8% | -1.1% |
| 90 Day | -9.0% | -3.4% | -1.8% |
| 1 Year | 12.3%7.9% | -1.0%-3.6% | 7.4%2.4% |
| 3 Year | -1.1%-12.8% | -2.3%-9.5% | 18.2%3.7% |
| 5 Year | 42.9%14.6% | 1.0%-9.0% | 35.7%6.1% |
Price Volatility Vs. Market
How volatile is Tate & Lyle's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Tate & Lyle plc (LON:TATE) Potentially Underrated?3 weeks ago | Simply Wall St
Tate & Lyle (LON:TATE) Has A Pretty Healthy Balance Sheet1 month ago | Simply Wall St
Should We Worry About Tate & Lyle plc's (LON:TATE) P/E Ratio?Valuation
Is Tate & Lyle undervalued compared to its fair value and its price relative to the market?
44.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: TATE (£6.88) is trading below our estimate of fair value (£12.42)
Significantly Undervalued: TATE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TATE is poor value based on its PE Ratio (17.6x) compared to the Food industry average (17x).
PE vs Market: TATE is poor value based on its PE Ratio (17.6x) compared to the UK market (16.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: TATE is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: TATE is overvalued based on its PB Ratio (2.1x) compared to the GB Food industry average (1.2x).
Next Steps
Future Growth
How is Tate & Lyle forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
10.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TATE's forecast earnings growth (10.1% per year) is above the savings rate (1.2%).
Earnings vs Market: TATE's earnings (10.1% per year) are forecast to grow slower than the UK market (12.6% per year).
High Growth Earnings: TATE's earnings are forecast to grow, but not significantly.
Revenue vs Market: TATE's revenue (1.9% per year) is forecast to grow slower than the UK market (3.9% per year).
High Growth Revenue: TATE's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: TATE's Return on Equity is forecast to be low in 3 years time (13.8%).
Next Steps
Past Performance
How has Tate & Lyle performed over the past 5 years?
15.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TATE's earnings have grown by 15.8% per year over the past 5 years.
Accelerating Growth: TATE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TATE had negative earnings growth (-31.2%) over the past year, making it difficult to compare to the Food industry average (4.5%).
Return on Equity
High ROE: TATE's Return on Equity (12.2%) is considered low.
Return on Assets
ROA vs Industry: TATE has a higher Return on Assets than the Food industry average last year.
Return on Capital Employed
ROCE Improving: TATE has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Tate & Lyle's financial position?
Financial Position Analysis
Short Term Liabilities: TATE's short term assets (£1.1B) exceeds its short term liabilities (£681.0M)
Long Term Liabilities: TATE's short term assets (1.1B) exceeds its long term liabilities (623.0M)
Debt to Equity History and Analysis
Debt Level: TATE's debt to equity ratio (39.4%) is considered satisfactory
Reducing Debt: TATE's debt to equity ratio has reduced from 71.1% to 39.4% over the past 5 years.
Debt Coverage: TATE's debt is well covered by operating cash flow (56.3%).
Interest Coverage: TATE's interest payments on its debt are well covered by EBIT (11.3x coverage).
Balance Sheet
Inventory Level: TATE has a high level of physical assets or inventory.
Debt Coverage by Assets: TATE's debt is covered by short term assets (assets are 1.870300x debt).
Next Steps
Dividend
What is Tate & Lyle's current dividend yield, its reliability and sustainability?
4.27%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: TATE's dividend (4.27%) is higher than the bottom 25% of dividend payers in the UK market (2%).
High Dividend: TATE's dividend (4.27%) is low compared to the top 25% of dividend payers in the UK market (5.42%).
Stable Dividend: TATE's dividends per share have been stable in the past 10 years.
Growing Dividend: TATE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.1%), TATE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TATE's dividends in 3 years are forecast to be covered by earnings (56.4% payout ratio).
Next Steps
Management
What is the CEO of Tate & Lyle's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Nick Hampton (52yo)
1.5yrs
Tenure
UK£3,045,000
Compensation
Mr. Nick Hampton, MA (Hons) has been the Chief Executive of Tate & Lyle plc since April 1, 2018 and has been its Director since September 2014. He joined Tate & Lyle plc group in September 2014. Mr. Hampto ...
CEO Compensation Analysis
Compensation vs. Market: Nick has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.3yrs
Average Tenure
Experienced Management: TATE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Age and Tenure
3.0yrs
Average Tenure
57yo
Average Age
Experienced Board: TATE's board of directors are considered experienced (3 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.
Ownership Breakdown
Management Team
Rowan Adams
Executive Vice President of Corporate Affairs
- Tenure: 4.9yrs
Lindsay Beardsell
Executive VP & General Counsel
- Tenure: 1.1yrs
Jim Stutelberg
President of Primary Products
- Tenure: 1.4yrs
Mathew Wootton
Vice President of Corporate & Business Development
- Tenure: 0yrs
Andrew Taylor
President of Innovation & Commercial Development
- Tenure: 0yrs
Nick Hampton (52yo)
Chief Executive & Executive Director
- Tenure: 1.5yrs
- Compensation: UK£3.05m
Chris Marsh
Group Vice President of Investor & Media Relations
- Tenure: 0yrs
Imran Nawaz (45yo)
CFO & Director
- Tenure: 1.2yrs
- Compensation: UK£1.15m
Melissa Law
President of Global Operations
- Tenure: 0yrs
Laura Hagan
Chief Human Resource Officer
- Tenure: 1.1yrs
Board Members
Gerry Murphy (64yo)
Independent Chairman
- Tenure: 2.5yrs
- Compensation: UK£350.00k
Anne Minto (66yo)
Independent Non Executive Director
- Tenure: 6.8yrs
- Compensation: UK£82.00k
Lars Frederiksen (61yo)
Independent Non-Executive Director
- Tenure: 3.5yrs
- Compensation: UK£68.00k
Paul Forman (54yo)
Senior Independent Director
- Tenure: 0.3yrs
- Compensation: UK£68.00k
Warren Tucker (57yo)
Independent Non-Executive Director
- Tenure: 0.9yrs
- Compensation: UK£25.00k
Kim Nelson (56yo)
Independent Non-Executive Director
- Tenure: 0.3yrs
Ajai Puri (66yo)
Independent Non-Executive Director & Chairman of Research Advisory Group
- Tenure: 7.5yrs
- Compensation: UK£93.00k
Nick Hampton (52yo)
Chief Executive & Executive Director
- Tenure: 1.5yrs
- Compensation: UK£3.05m
Sybella Stanley (57yo)
Independent Non-Executive Director
- Tenure: 3.5yrs
- Compensation: UK£68.00k
Imran Nawaz (45yo)
CFO & Director
- Tenure: 1.2yrs
- Compensation: UK£1.15m
Company Information
Tate & Lyle plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tate & Lyle plc
- Ticker: TATE
- Exchange: LSE
- Founded: 1903
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: UK£3.206b
- Shares outstanding: 465.81m
- Website: https://www.tateandlyle.com
Number of Employees
Location
- Tate & Lyle plc
- 1 Kingsway
- London
- Greater London
- WC2B 6AT
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TATY.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Mar 1990 | |
| TATY.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| TATE | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| TLY | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| TATEL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and inter ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 20:37 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.