PZ Cussons
Market Cap
UK£789.8m
Last Updated
2020/02/16 21:03 UTC
Data Sources
Company Financials +
Executive Summary
PZ Cussons Plc manufactures and distributes personal care, home care, food and nutrition, and electrical products worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
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
-2.0%
PZC
-1.2%
GB Household Products
-0.2%
GB Market
1 Year Return
-1.6%
PZC
8.6%
GB Household Products
6.1%
GB Market
Return vs Industry: PZC underperformed the UK Household Products industry which returned 8.6% over the past year.
Return vs Market: PZC underperformed the UK Market which returned 6.1% over the past year.
Shareholder returns
| PZC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.0% | -1.2% | -0.2% |
| 30 Day | -5.6% | 0.5% | -2.7% |
| 90 Day | -6.3% | 3.2% | 3.9% |
| 1 Year | 2.5%-1.6% | 11.3%8.6% | 11.8%6.1% |
| 3 Year | -35.0%-41.4% | -11.0%-16.7% | 17.5%2.6% |
| 5 Year | -29.0%-39.1% | 13.0%2.2% | 34.8%3.7% |
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
6 days ago | Simply Wall St
Why It Might Not Make Sense To Buy PZ Cussons Plc (LON:PZC) For Its Upcoming Dividend3 weeks ago | Simply Wall St
Should You Use PZ Cussons's (LON:PZC) Statutory Earnings To Analyse It?1 month ago | Simply Wall St
Don't Sell PZ Cussons Plc (LON:PZC) Before You Read ThisValuation
Is PZ Cussons undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PZC (£1.89) is trading below our estimate of fair value (£4.38)
Significantly Below Fair Value: PZC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PZC is poor value based on its PE Ratio (21.2x) compared to the Household Products industry average (20.5x).
PE vs Market: PZC is poor value based on its PE Ratio (21.2x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: PZC is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: PZC is good value based on its PB Ratio (1.9x) 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?
10.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PZC's forecast earnings growth (10.3% per year) is above the savings rate (0.5%).
Earnings vs Market: PZC's earnings (10.3% per year) are forecast to grow slower than the UK market (12.2% per year).
High Growth Earnings: PZC's earnings are forecast to grow, but not significantly.
Revenue vs Market: PZC's revenue (1.3% per year) is forecast to grow slower than the UK market (3.4% per year).
High Growth Revenue: PZC's revenue (1.3% 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 (11.3%).
Next Steps
Past Performance
How has PZ Cussons performed over the past 5 years?
-15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PZC has a large one-off loss of £33.1M impacting its November 30 2019 financial results.
Growing Profit Margin: PZC's current net profit margins (5.5%) are lower than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: PZC's earnings have declined by -15.3% 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 (-2.6%) over the past year, making it difficult to compare to the Household Products industry average (-11.6%).
Return on Equity
High ROE: PZC's Return on Equity (8.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is PZ Cussons's financial position?
Financial Position Analysis
Short Term Liabilities: PZC's short term assets (£311.7M) exceed its short term liabilities (£183.0M).
Long Term Liabilities: PZC's short term assets (£311.7M) exceed its long term liabilities (£266.4M).
Debt to Equity History and Analysis
Debt Level: PZC's debt to equity ratio (40.7%) is considered high.
Reducing Debt: PZC's debt to equity ratio has increased from 36% to 40.7% over the past 5 years.
Debt Coverage: PZC's debt is well covered by operating cash flow (27.7%).
Interest Coverage: PZC's interest payments on its debt are well covered by EBIT (16.1x coverage).
Balance Sheet
Inventory Level: PZC has a high level of physical assets or inventory.
Debt Coverage by Assets: PZC's debt is covered by short term assets (assets are 1.8x debt).
Next Steps
Dividend
What is PZ Cussons's current dividend yield, its reliability and sustainability?
4.39%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PZC's dividend (4.39%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: PZC's dividend (4.39%) is low compared to the top 25% of dividend payers in the UK market (5.1%).
Stability and Growth of Payments
Stable Dividend: PZC's dividends per share have been stable in the past 10 years.
Growing Dividend: PZC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (93.1%), 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 covered by earnings (65.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average board tenure
CEO
Christos Giannopoulos (52yo)
Mr. Christos Giannopoulos, also known as Greek, has been an Executive Director and Chief Executive Officer of PZ Cussons Africa at PZ Cussons Ghana Limited since February 08, 2016. Mr. Giannopoulos serves ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.1yrs | UK£255.20k | 0.0072% £56.6k | |
| Non-Executive Director | 3.3yrs | UK£64.59k | 0.00024% £1.9k | |
| Non-Executive Director | 8.1yrs | UK£65.94k | 0.00024% £1.9k | |
| Senior Independent Director | 0yrs | UK£67.34k | no data | |
| Non-Executive Director | 0.3yrs | no data | no data | |
| Non-Executive Director | 0.3yrs | no data | no data | |
| Non-Executive Director | 1.8yrs | UK£59.45k | 0.0018% £14.1k |
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.
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: 1879
- Industry: Household Products
- Sector: Household
- Market Cap: UK£789.827m
- Shares outstanding: 418.34m
- 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 |
| PZCU.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | 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 and distributes personal care, home care, food and nutrition, and electrical products worldwide. It offers personal care products, including bar soaps, liquid hand washes, shower gels, and skincare and haircare products under the St.Tropez, Sanctuary Spa, and Being by Sanctuary Spa brands; dish care products under the Morning Fresh brand name, as well as beauty care products; and laundry soaps, and bulk and packaged washing powders under the Canoe, Zip, and Tempo brands, as well as fragrances. The company also provides dairy products, such as organic yoghurts, and granolas and smoothies under the Nunu and Olympic brands; cooking oils under the brands of Mamador and Devon King’s; edible oils, spreads, vinegars, and cheeses under the Minerva brand name; and baby foods comprising snacks under the Rafferty’s Garden brand name. In addition, it offers computing and mobile products, televisions, DVD players, home entertainment systems, refrigerators, freezers, air conditioners, generators, inverters, stabilizers, automatic voltage regulators, fans, air coolers, washing machines, water dispensers, water heaters, gas cookers, and microwaves under the Haier Thermocool brand, as well as pharmaceuticals and fats. The company was formerly known as Paterson Zochonis Plc and changed its name to PZ Cussons Plc in 2002. PZ Cussons Plc was founded in 1879 and is headquartered in Manchester, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 21:03 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/11/30 |
| Annual Earnings | 2019/05/31 |
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.