TATE Stock Overview
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.
Tate & Lyle Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£6.80|
|52 Week High||UK£9.13|
|52 Week Low||UK£6.48|
|1 Month Change||-11.02%|
|3 Month Change||-10.55%|
|1 Year Change||-15.04%|
|3 Year Change||-16.83%|
|5 Year Change||-12.02%|
|Change since IPO||45.71%|
Recent News & Updates
We Think Tate & Lyle (LON:TATE) Can Stay On Top Of Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Tate & Lyle (LON:TATE) Will Pay A Smaller Dividend Than Last Year
Tate & Lyle plc ( LON:TATE ) is reducing its dividend to UK£0.13 on the 5th of August. The yield is still above the...
|TATE||GB Food||GB Market|
Return vs Industry: TATE exceeded the UK Food industry which returned -33.6% over the past year.
Return vs Market: TATE exceeded the UK Market which returned -16.2% over the past year.
|TATE Average Weekly Movement||2.3%|
|Food Industry Average Movement||4.8%|
|Market Average Movement||5.4%|
|10% most volatile stocks in GB Market||10.7%|
|10% least volatile stocks in GB Market||2.8%|
Stable Share Price: TATE is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: TATE's weekly volatility (2%) has been stable over the past year.
About the Company
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. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. The company offers texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; health and wellness ingredients; and stabilizers.
Tate & Lyle Fundamentals Summary
|TATE fundamental statistics|
Is TATE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TATE income statement (TTM)|
|Cost of Revenue||UK£696.00m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Nov 10, 2022
|Earnings per share (EPS)||0.065|
|Net Profit Margin||1.89%|
How did TATE perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is TATE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TATE?
Other financial metrics that can be useful for relative valuation.
|What is TATE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TATE's PE Ratio compare to its peers?
|TATE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ABF Associated British Foods
PFD Premier Foods
BAKK Bakkavor Group
TATE Tate & Lyle
Price-To-Earnings vs Peers: TATE is expensive based on its Price-To-Earnings Ratio (104.1x) compared to the peer average (11.5x).
Price to Earnings Ratio vs Industry
How does TATE's PE Ratio compare vs other companies in the European Food Industry?
Price-To-Earnings vs Industry: TATE is expensive based on its Price-To-Earnings Ratio (104.1x) compared to the European Food industry average (14.5x)
Price to Earnings Ratio vs Fair Ratio
What is TATE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||104.1x|
|Fair PE Ratio||24.8x|
Price-To-Earnings vs Fair Ratio: TATE is expensive based on its Price-To-Earnings Ratio (104.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.8x).
Share Price vs Fair Value
What is the Fair Price of TATE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TATE (£6.8) is trading below our estimate of fair value (£11.01)
Significantly Below Fair Value: TATE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Tate & Lyle forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TATE's forecast earnings growth (31.3% per year) is above the savings rate (0.9%).
Earnings vs Market: TATE's earnings (31.3% per year) are forecast to grow faster than the UK market (8.9% per year).
High Growth Earnings: TATE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TATE's revenue (9.4% per year) is forecast to grow faster than the UK market (4.4% per year).
High Growth Revenue: TATE's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TATE's Return on Equity is forecast to be low in 3 years time (16.3%).
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How has Tate & Lyle performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TATE has a large one-off loss of £97.0M impacting its March 31 2022 financial results.
Growing Profit Margin: TATE's current net profit margins (1.9%) are lower than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: TATE's earnings have declined by 14% 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 (-70.8%) over the past year, making it difficult to compare to the Food industry average (8.2%).
Return on Equity
High ROE: TATE's Return on Equity (1.6%) is considered low.
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How is Tate & Lyle's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TATE's short term assets (£2.4B) exceed its short term liabilities (£780.0M).
Long Term Liabilities: TATE's short term assets (£2.4B) exceed its long term liabilities (£851.0M).
Debt to Equity History and Analysis
Debt Level: TATE's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: TATE's debt to equity ratio has reduced from 50.8% to 38.3% over the past 5 years.
Debt Coverage: TATE's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: TATE's interest payments on its debt are well covered by EBIT (7.4x coverage).
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What is Tate & Lyle current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Tate & Lyle Dividend Yield vs Market|
|Company (Tate & Lyle)||3.2%|
|Market Bottom 25% (GB)||2.1%|
|Market Top 25% (GB)||6.1%|
|Industry Average (Food)||3.1%|
|Analyst forecast in 3 Years (Tate & Lyle)||3.1%|
Notable Dividend: TATE's dividend (3.21%) is higher than the bottom 25% of dividend payers in the UK market (2.15%).
High Dividend: TATE's dividend (3.21%) is low compared to the top 25% of dividend payers in the UK market (6.29%).
Stability and Growth of Payments
Stable Dividend: TATE's dividend payments have been volatile in the past 10 years.
Growing Dividend: TATE's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (334.3%), TATE's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: TATE is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nick Hampton (55 yo)
Mr. Nick Hampton, MA (Hons), has been 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. Hampton j...
CEO Compensation Analysis
|Nick Hampton's Compensation vs Tate & Lyle Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Mar 31 2022||UK£2m||UK£685k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||UK£3m||UK£665k|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||UK£2m||UK£665k|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||UK£3m||UK£665k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||UK£3m||UK£526k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||UK£3m||UK£513k|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||UK£2m||UK£495k|
Compensation vs Market: Nick's total compensation ($USD2.68M) is about average for companies of similar size in the UK market ($USD2.67M).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Experienced Management: TATE's management team is considered experienced (4.2 years average tenure).
Experienced Board: TATE's board of directors are considered experienced (3.8 years average tenure).
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
|04 Oct 21||BuyUK£68,380||Gerard Murphy||Individual||8,571.43||UK£7.98|
|04 Oct 21||BuyUK£49,736||Warren Tucker||Individual||6,241.71||UK£7.97|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||2,169,661||0.5%|
|Employee Share Scheme||3,696,202||0.9%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Tate & Lyle plc's employee growth, exchange listings and data sources
- Name: Tate & Lyle plc
- Ticker: TATE
- Exchange: LSE
- Founded: 1903
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: UK£2.707b
- Shares outstanding: 398.15m
- Website: https://www.tateandlyle.com
Number of Employees
- Tate & Lyle plc
- 5 Marble Arch
- Greater London
- W1H 7EJ
- United Kingdom
|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|
|TLYB||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|
|BD15||LSE (London Stock Exchange)||6 .5% CUM PRF GBP1||GB||GBP||Aug 1996|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.