PZ Cussons
Market Cap
UK£970.6m
Last Updated
2020/10/30 21:51 UTC
Data Sources
Company Financials +
Executive Summary
PZ Cussons Plc manufactures, distributes, markets, and sells personal care, home care, food and nutrition, and electrical products in Europe, the Americas, the Asia Pacific, and Africa. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with limited growth.
Share Price & News
How has PZ Cussons's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PZC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.3%
PZC
-4.8%
GB Household Products
-5.1%
GB Market
1 Year Return
14.6%
PZC
-0.06%
GB Household Products
-20.0%
GB Market
Return vs Industry: PZC exceeded the UK Household Products industry which returned 0.8% over the past year.
Return vs Market: PZC exceeded the UK Market which returned -19.3% over the past year.
Shareholder returns
| PZC | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | -4.8% | -5.1% |
| 30 Day | -1.3% | -9.5% | -4.3% |
| 90 Day | 21.8% | -7.6% | -4.5% |
| 1 Year | 17.8%14.6% | 2.4%-0.06% | -17.0%-20.0% |
| 3 Year | -21.4%-28.9% | -5.7%-12.1% | -13.6%-24.3% |
| 5 Year | -12.2%-24.5% | 8.8%-2.3% | 10.2%-14.6% |
Price Volatility Vs. Market
How volatile is PZ Cussons's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Investors Have Good Reason To Be Wary Of PZ Cussons Plc's (LON:PZC) 2.3% Dividend Yield?3 weeks ago | Simply Wall St
Why It Might Not Make Sense To Buy PZ Cussons Plc (LON:PZC) For Its Upcoming Dividend1 month ago | Simply Wall St
Some Shareholders Feeling Restless Over PZ Cussons Plc's (LON:PZC) P/E RatioValuation
Is PZ Cussons undervalued compared to its fair value and its price relative to the market?
41.48x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PZC (£2.32) is trading above our estimate of fair value (£1.57)
Significantly Below Fair Value: PZC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PZC is poor value based on its PE Ratio (41.5x) compared to the XE Household Products industry average (18x).
PE vs Market: PZC is poor value based on its PE Ratio (41.5x) compared to the UK market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: PZC is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: PZC is overvalued based on its PB Ratio (2.5x) compared to the XE Household Products industry average (1.9x).
Next Steps
Future Growth
How is PZ Cussons forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
21.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PZC's forecast earnings growth (21.5% per year) is above the savings rate (1.2%).
Earnings vs Market: PZC's earnings (21.5% per year) are forecast to grow slower than the UK market (23.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PZC's revenue (2.3% per year) is forecast to grow slower than the UK market (5.8% per year).
High Growth Revenue: PZC's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PZC's Return on Equity is forecast to be low in 3 years time (12%).
Next Steps
Past Performance
How has PZ Cussons performed over the past 5 years?
-14.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PZC has a large one-off loss of £47.4M impacting its May 31 2020 financial results.
Growing Profit Margin: PZC's current net profit margins (4%) are lower than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: PZC's earnings have declined by 14.6% per year over the past 5 years.
Accelerating Growth: PZC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PZC had negative earnings growth (-27.8%) over the past year, making it difficult to compare to the Household Products industry average (22.1%).
Return on Equity
High ROE: PZC's Return on Equity (4.7%) is considered low.
Next Steps
Financial Health
How is PZ Cussons's financial position?
Financial Position Analysis
Short Term Liabilities: PZC's short term assets (£318.5M) exceed its short term liabilities (£218.3M).
Long Term Liabilities: PZC's short term assets (£318.5M) exceed its long term liabilities (£214.4M).
Debt to Equity History and Analysis
Debt Level: PZC's debt to equity ratio (30.8%) is considered satisfactory.
Reducing Debt: PZC's debt to equity ratio has reduced from 53.9% to 30.8% over the past 5 years.
Debt Coverage: PZC's debt is well covered by operating cash flow (90.3%).
Interest Coverage: PZC's interest payments on its debt are well covered by EBIT (22.3x coverage).
Balance Sheet
Next Steps
Dividend
What is PZ Cussons's current dividend yield, its reliability and sustainability?
2.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PZC's dividend (2.5%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).
High Dividend: PZC's dividend (2.5%) is low compared to the top 25% of dividend payers in the UK market (5.36%).
Stability and Growth of Payments
Stable Dividend: PZC's dividend payments have been volatile in the past 10 years.
Growing Dividend: PZC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103.7%), PZC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PZC's dividends in 3 years are forecast to be well covered by earnings (44.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average board tenure
CEO
Jonathan Myers (50 yo)
0.42
Tenure
UK£581,670
Compensation
Mr. Jonathan Myers has been Chief Executive Officer of and Director PZ Cussons Plc since May 1, 2020. He was Executive Vice President and Chief Operating Officer at Avon Products, Inc. since September 01, ...
CEO Compensation Analysis
Compensation vs Market: Jonathan's total compensation ($USD753.60K) is below average for companies of similar size in the UK market ($USD1.72M).
Compensation vs Earnings: Insufficient data to compare Jonathan's compensation with company performance.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.42yr | UK£581.67k | no data | |
| Non-Executive Director (Leave of Absence) | 2.42yrs | UK£23.79k | no data | |
| Non-Executive Director | 0.50yr | UK£8.75k | no data | |
| Non-Executive Chair | 3.75yrs | UK£295.81k | 0.010% £ 98.6k | |
| Independent Non-Executive Director | 8.75yrs | UK£65.44k | 0.00024% £ 2.3k | |
| Senior Independent Director | no data | UK£65.57k | no data | |
| Non-Executive Director | 0.92yr | UK£31.04k | 0.0012% £ 11.6k | |
| Independent Non-Executive Director | 2.42yrs | UK£61.73k | 0.0018% £ 17.4k |
2.4yrs
Average Tenure
57yo
Average Age
Experienced Board: PZC's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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
PZ Cussons Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PZ Cussons Plc
- Ticker: PZC
- Exchange: LSE
- Founded: 1884
- Industry: Household Products
- Sector: Household
- Market Cap: UK£970.581m
- Shares outstanding: 418.35m
- Website: https://www.pzcussons.com
Number of Employees
Location
- PZ Cussons Plc
- Manchester Business Park
- 3500 Aviator Way
- Manchester
- Greater Manchester
- M22 5TG
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PZC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| PZCL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| 1ZQ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| PZCU.Y | OTCPK (Pink Sheets LLC) | ADS | US | USD | Mar 2011 |
Biography
PZ Cussons Plc manufactures, distributes, markets, and sells personal care, home care, food and nutrition, and electrical products in Europe, the Americas, the Asia Pacific, and Africa. The company offers ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 21:51 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/05/31 |
| Annual Earnings | 2020/05/31 |
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.