PZ Cussons
PZ Cussons Plc manufactures and distributes personal care, home care, food and nutrition, and electrical products worldwide. The last earnings update was 109 days ago. More info.
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PZC Share Price and Events
7 Day Returns
1 Year Returns
PZC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| PZ Cussons (PZC) | 1.9% | -0.6% | 3% | -18.6% | -39.4% | -43.9% |
| GB Household Products | 1.8% | 6.4% | 3% | 4.4% | -12.6% | 12.9% |
| GB Market | 1.3% | -1.6% | 1.9% | -5% | 15.8% | 2.5% |
1 Year Return vs Industry and Market
- PZC underperformed the Household Products industry which returned 4.4% over the past year.
- PZC underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
PZC Value
Is PZ Cussons undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
PZ Cussons
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for PZ Cussons.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.5% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Household Products Unlevered Beta | Simply Wall St/ S&P Global | 0.33 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.333 (1 + (1- 19%) (28.32%)) |
0.605 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 6.65%) |
6.55% |
Discounted Cash Flow Calculation for LSE:PZC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for PZ Cussons is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 6.55%) |
|
|---|---|---|---|
| 2019 | 56.10 | Analyst x2 | 52.65 |
| 2020 | 62.20 | Analyst x2 | 54.79 |
| 2021 | 63.75 | Analyst x2 | 52.71 |
| 2022 | 65.08 | Est @ 2.09% | 50.50 |
| 2023 | 66.28 | Est @ 1.83% | 48.27 |
| 2024 | 67.37 | Est @ 1.65% | 46.05 |
| 2025 | 68.40 | Est @ 1.52% | 43.88 |
| 2026 | 69.38 | Est @ 1.43% | 41.77 |
| 2027 | 70.33 | Est @ 1.37% | 39.74 |
| 2028 | 71.27 | Est @ 1.33% | 37.80 |
| Present value of next 10 years cash flows | £468.16 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £71.27 × (1 + 1.23%) ÷ (6.55% – 1.23%) |
£1,356.01 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £1,356.01 ÷ (1 + 6.55%)10 |
£719.20 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £468.16 + £719.20 |
£1,187.36 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £1,187.36 / 418.31 |
£2.84 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £2.84 |
| Current discount | Discount to share price of
£1.98
= -1 x (£1.98 - £2.84) / £2.84 |
30.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- PZ Cussons's share price is below the future cash flow value, and at a moderate discount (> 20%).
- PZ Cussons's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for PZ Cussons's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
PZ Cussons's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-11-30) in GBP | £0.11 |
| LSE:PZC Share Price ** | LSE (2019-05-17) in GBP | £1.98 |
| Europe Household Products Industry PE Ratio | Median Figure of 5 Publicly-Listed Household Products Companies | 17.85x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 790 Publicly-Listed Companies | 16.24x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of PZ Cussons.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:PZC Share Price ÷ EPS (both in GBP) = 1.98 ÷ 0.11 |
17.85x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PZ Cussons is good value based on earnings compared to the Europe Household Products industry average.
- PZ Cussons is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
PZ Cussons's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.85x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
9.6%per year |
| Europe Household Products Industry PEG Ratio | Median Figure of 5 Publicly-Listed Household Products Companies | 2.06x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 573 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.85x ÷ 9.6% |
1.86x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PZ Cussons is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
PZ Cussons's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-11-30) in GBP | £1.08 |
| LSE:PZC Share Price * | LSE (2019-05-17) in GBP | £1.98 |
| Europe Household Products Industry PB Ratio | Median Figure of 8 Publicly-Listed Household Products Companies | 2.2x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,368 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:PZC Share Price ÷ Book Value per Share (both in GBP) = 1.98 ÷ 1.08 |
1.84x |
* Primary Listing of PZ Cussons.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PZ Cussons is good value based on assets compared to the Europe Household Products industry average.
Value checks
We assess PZ Cussons's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check) PZ Cussons has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PZC Future Performance
How is PZ Cussons expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- PZ Cussons's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- PZ Cussons's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
- PZ Cussons's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:PZC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 9.6% |
| LSE:PZC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 1.4% |
| Europe Household Products Industry Earnings Growth Rate | Market Cap Weighted Average | 7.6% |
| Europe Household Products Industry Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.8% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-05-31 | 747 | 79 | 58 | 2 |
| 2020-05-31 | 724 | 76 | 51 | 3 |
| 2019-05-31 | 722 | 71 | 47 | 3 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-11-30 | 724 | 74 | 46 |
| 2018-08-31 | 743 | 54 | 47 |
| 2018-05-31 | 763 | 35 | 48 |
| 2018-02-28 | 778 | 43 | 55 |
| 2017-11-30 | 805 | 51 | 64 |
| 2017-08-31 | 807 | 71 | 63 |
| 2017-05-31 | 809 | 91 | 62 |
| 2017-02-28 | 811 | 94 | 61 |
| 2016-11-30 | 814 | 97 | 58 |
| 2016-08-31 | 817 | 90 | 63 |
| 2016-05-31 | 821 | 82 | 68 |
| 2016-02-29 | 820 | 74 | 61 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from PZ Cussons Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-05-31 | 0.14 | 0.14 | 0.13 | 2.00 |
| 2020-05-31 | 0.12 | 0.12 | 0.12 | 2.00 |
| 2019-05-31 | 0.11 | 0.12 | 0.11 | 2.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-11-30 | 0.11 |
| 2018-08-31 | 0.11 |
| 2018-05-31 | 0.11 |
| 2018-02-28 | 0.13 |
| 2017-11-30 | 0.15 |
| 2017-08-31 | 0.15 |
| 2017-05-31 | 0.15 |
| 2017-02-28 | 0.15 |
| 2016-11-30 | 0.14 |
| 2016-08-31 | 0.15 |
| 2016-05-31 | 0.16 |
| 2016-02-29 | 0.14 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess PZ Cussons's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
PZ Cussons has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PZC Past Performance
How has PZ Cussons performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- PZ Cussons's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- PZ Cussons's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- PZ Cussons's 1-year earnings growth is negative, it can't be compared to the Europe Household Products industry average.
Earnings and Revenue History
All data from PZ Cussons Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-11-30 | 723.80 | 46.30 | 202.70 | |
| 2018-08-31 | 743.20 | 47.00 | 201.75 | |
| 2018-05-31 | 762.60 | 47.70 | 200.80 | |
| 2018-02-28 | 778.00 | 55.40 | 189.30 | |
| 2017-11-30 | 804.90 | 63.70 | 188.60 | |
| 2017-08-31 | 807.05 | 63.05 | 199.25 | |
| 2017-05-31 | 809.20 | 62.40 | 209.90 | |
| 2017-02-28 | 811.35 | 61.10 | 209.45 | |
| 2016-11-30 | 813.50 | 58.00 | 210.50 | |
| 2016-08-31 | 817.35 | 62.85 | 208.15 | |
| 2016-05-31 | 821.20 | 67.70 | 205.80 | |
| 2016-02-29 | 819.75 | 60.75 | 212.05 | |
| 2015-11-30 | 818.30 | 53.80 | 218.30 | |
| 2015-08-31 | 818.70 | 53.10 | 220.20 | |
| 2015-05-31 | 819.10 | 52.40 | 222.10 | |
| 2015-02-28 | 817.70 | 71.50 | 203.10 | |
| 2014-11-30 | 816.30 | 90.60 | 184.10 | |
| 2014-08-31 | 838.85 | 91.00 | 187.80 | |
| 2014-05-31 | 861.40 | 91.40 | 191.50 | |
| 2014-02-28 | 880.80 | 77.65 | 208.55 | |
| 2013-11-30 | 900.20 | 63.90 | 225.60 | |
| 2013-08-31 | 891.70 | 63.50 | 224.70 | |
| 2013-05-31 | 883.20 | 63.10 | 223.80 | |
| 2013-02-28 | 871.45 | 48.95 | 222.70 | |
| 2012-11-30 | 859.70 | 34.80 | 221.60 | |
| 2012-08-31 | 859.30 | 34.60 | 218.60 | |
| 2012-05-31 | 858.90 | 34.40 | 215.60 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- PZ Cussons has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- PZ Cussons used its assets less efficiently than the Europe Household Products industry average last year based on Return on Assets.
- PZ Cussons's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess PZ Cussons's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
PZ Cussons has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PZC Health
How is PZ Cussons's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up PZ Cussons's finances.
The net worth of a company is the difference between its assets and liabilities.
- PZ Cussons is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- PZ Cussons's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from PZ Cussons Company Filings, last reported 5 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-11-30 | 478.50 | 234.10 | 56.90 |
| 2018-08-31 | 478.50 | 234.10 | 56.90 |
| 2018-05-31 | 491.20 | 268.40 | 103.00 |
| 2018-02-28 | 491.20 | 268.40 | 103.00 |
| 2017-11-30 | 516.30 | 316.50 | 125.30 |
| 2017-08-31 | 516.30 | 316.50 | 125.30 |
| 2017-05-31 | 483.90 | 294.70 | 150.90 |
| 2017-02-28 | 526.50 | 294.70 | 150.90 |
| 2016-11-30 | 507.70 | 363.80 | 172.50 |
| 2016-08-31 | 507.70 | 363.80 | 172.50 |
| 2016-05-31 | 549.90 | 322.50 | 175.40 |
| 2016-02-29 | 549.90 | 322.50 | 175.40 |
| 2015-11-30 | 504.90 | 245.00 | 54.00 |
| 2015-08-31 | 504.90 | 245.00 | 54.00 |
| 2015-05-31 | 497.00 | 268.40 | 111.00 |
| 2015-02-28 | 497.00 | 268.40 | 111.00 |
| 2014-11-30 | 541.30 | 194.00 | 59.90 |
| 2014-08-31 | 541.30 | 194.00 | 59.90 |
| 2014-05-31 | 536.40 | 118.50 | 89.10 |
| 2014-02-28 | 536.40 | 118.50 | 89.10 |
| 2013-11-30 | 514.40 | 168.00 | 79.70 |
| 2013-08-31 | 514.40 | 168.00 | 79.70 |
| 2013-05-31 | 546.30 | 100.00 | 103.40 |
| 2013-02-28 | 546.30 | 100.00 | 103.40 |
| 2012-11-30 | 514.40 | 132.00 | 76.80 |
| 2012-08-31 | 514.40 | 132.00 | 76.80 |
| 2012-05-31 | 519.50 | 90.80 | 72.90 |
- PZ Cussons's level of debt (48.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (32.5% vs 48.9% today).
- Debt is well covered by operating cash flow (31.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 16.1x coverage).
Financial health checks
We assess PZ Cussons's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) PZ Cussons has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PZC Dividends
What is PZ Cussons's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
PZ Cussons
shares you are expected to receive
£84
in your first year as a dividend.
Dividend Amount
- PZ Cussons's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
- PZ Cussons's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Europe Household Products Industry Average Dividend Yield | Market Cap Weighted Average of 5 Stocks | 2.4% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.3% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-05-31 | 0.08 | 2.00 |
| 2020-05-31 | 0.09 | 3.00 |
| 2019-05-31 | 0.08 | 3.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-08-30 | 0.083 | 3.937 |
| 2018-07-24 | 0.083 | 3.546 |
| 2017-09-13 | 0.083 | 3.019 |
| 2017-07-25 | 0.083 | 2.367 |
| 2016-09-07 | 0.081 | 2.437 |
| 2016-07-26 | 0.081 | 2.378 |
| 2015-08-25 | 0.080 | 2.665 |
| 2015-07-21 | 0.080 | 2.385 |
| 2014-08-18 | 0.078 | 2.252 |
| 2014-07-29 | 0.078 | 2.140 |
| 2013-07-23 | 0.074 | 1.977 |
| 2013-01-29 | 0.068 | 1.753 |
| 2012-08-21 | 0.067 | 1.979 |
| 2012-07-24 | 0.067 | 2.165 |
| 2011-08-17 | 0.066 | 2.004 |
| 2011-07-26 | 0.066 | 1.824 |
| 2010-07-27 | 0.059 | 1.643 |
| 2010-01-26 | 0.060 | 2.085 |
| 2009-07-30 | 0.053 | 2.158 |
| 2009-07-28 | 0.053 | 2.285 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
PZ Cussons's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.3x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Income/ dividend checks
We assess PZ Cussons's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can PZ Cussons afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) PZ Cussons has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PZC Management
CEO
| COMPENSATION | £1,586,330 |
| AGE | 53 |
| TENURE AS CEO | 12.9 years |
CEO Bio
Mr. G. Alex Kanellis has been Group Chief Executive Officer of PZ Cussons plc at PZ Cussons Nigeria Plc since June 1, 2006. Mr. Kanellis served as Regional Director for Asia at PZ Cussons PLC since 2003 and also served as its Managing Director of Indonesia since 2001. He joined in PZ Cussons Nigeria Plc in 1993 and served as its Managing Director of Thailand since 1998. He served as the Deputy Chief Executive at PZ Cussons PLC since May 2006. Mr. Kanellis has been an Executive Director of PZ Cussons PLC since June 1, 2003 and PZ Cussons Nigeria Plc since 2003. He has a Phd in Mechanical Engineering.
CEO Compensation
- G.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- G.'s remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team
G. Kanellis
Group CEO & Executive Director
£2M
53
12.9 yrs
Brandon Leigh
CFO & Executive Director
£890K
47
13.3 yrs
Jola Gillespie
Chief Information Officer
Cathy Doyle-Heffernan
Group Human Resources Director
Christos Giannopoulos
Chief Executive Officer of PZ Cussons Africa
51
Sam. Plant
Corporate Services Director & Company Secretary
C. Nicoloulias
Regional Director of Pacific
£487K
71
Board of Directors Tenure
Average tenure and age of the PZ Cussons board of directors in years:
- The average tenure for the PZ Cussons board of directors is less than 3 years, this suggests a new board.
Board of Directors
Caroline Silver
Non-Executive Chair
£149K
2.3 yrs
G. Kanellis
Group CEO & Executive Director
£2M
53
15.9 yrs
Brandon Leigh
CFO & Executive Director
£890K
47
13.3 yrs
Helen Owers
Non-Executive Director
£68K
55
7.3 yrs
Jez Maiden
Non-Executive Director
£37K
56
2.5 yrs
John Ross Nicolson
Senior Independent Director
£60K
65
Tamara Minick-Scokalo
Non-Executive Director
59
1 yrs
Dariusz Kucz
Non-executive Director
1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. Jul 18 | Buy | Brandon Leigh | Individual | 30. Jul 18 | 30. Jul 18 | 11,000 | £2.32 | £25,531 | ||
| 26. Jul 18 | Buy | Caroline Silver | Individual | 26. Jul 18 | 26. Jul 18 | 10,000 | £2.20 | £22,000 | ||
Management checks
We assess PZ Cussons's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) PZ Cussons has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PZC News
Simply Wall St News
Here's What You Should Know About PZ Cussons Plc's (LON:PZC) 4.2% Dividend Yield
We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. … PZ Cussons has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Conclusion To summarise, shareholders should always check that PZ Cussons's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.
Simply Wall St - – Full articleAn Intrinsic Calculation For PZ Cussons Plc (LON:PZC) Suggests It's 29% Undervalued
Today we will run through one way of estimating the intrinsic value of PZ Cussons Plc (LON:PZC). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model? … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.
Simply Wall St - – Full articleWhy PZ Cussons Plc's (LON:PZC) High P/E Ratio Isn't Necessarily A Bad Thing
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Looking at earnings over the last twelve months, PZ Cussons has a P/E ratio of 17.27. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleImagine Owning PZ Cussons (LON:PZC) And Wondering If The 46% Share Price Slide Is Justified
One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Looking back five years, both PZ Cussons's share price and EPS declined; the latter at a rate of 5.9% per year. … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)
Simply Wall St - – Full articlePZ Cussons Plc (LON:PZC) Delivered A Weaker ROE Than Its Industry
This article is for those who would like to learn about Return On Equity (ROE). … Our data shows PZ Cussons has a return on equity of 9.8% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleAn Examination Of PZ Cussons Plc (LON:PZC)
PZ Cussons Plc (LON:PZC) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … that has been able to sustain great financial health over the past
Simply Wall St - – Full articleWhat does PZ Cussons Plc's (LON:PZC) Balance Sheet Tell Us About Its Future?
While small-cap stocks, such as PZ Cussons Plc (LON:PZC) with its market cap of UK£788m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is
Simply Wall St - – Full articleIs Now The Time To Look At Buying PZ Cussons Plc (LON:PZC)?
saw significant share price movement during recent months on the LSE, rising to highs of £2.44 and falling to the lows of £2.09. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at PZ Cussons’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleIs PZ Cussons Plc's (LON:PZC) CEO Pay Fair?
Kanellis was appointed CEO of PZ Cussons Plc (LON:PZC). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Kanellis's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWhat Should Investors Know About PZ Cussons Plc's (LON:PZC) Earnings Trajectory?
PZ Cussons Plc's (LON:PZC) released its most recent earnings update in May 2018, whicha … suggested … business
Simply Wall St - – Full articlePZC Company Info
Description
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.
Details
| Name: | PZ Cussons Plc |
| PZC | |
| Exchange: | LSE |
| Founded: | 1879 |
| £826,579,690 | |
| 418,309,560 | |
| Website: | http://www.pzcussons.com |
| Address: |
PZ Cussons Plc Manchester Business Park, 3500 Aviator Way, Manchester, Greater Manchester, M22 5TG, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | PZC | Ordinary Shares | London Stock Exchange | GB | GBP | 02. Jan 1992 | |
| OTCPK | PZCU.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | 1ZQ | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| BATS-CHIXE | PZCL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 02. Jan 1992 | |
| OTCPK | PZCU.Y | ADS | Pink Sheets LLC | US | USD | 24. Mar 2011 |
Number of employees
Current staff
Industry
| Household Products | |
| Household |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/18 21:06 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/17 |
| Last earnings filing: | 2019/01/29 |
| Last earnings reported: | 2018/11/30 |
| Last annual earnings reported: | 2018/05/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
