company background image
PZC

PZ CussonsLSE:PZC Stock Report

Market Cap

UK£819.3m

7D

-4.5%

1Y

-14.3%

Updated

26 Nov, 2021

Data

Company Financials +
PZC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends3/6

PZC Stock Overview

PZ Cussons Plc manufactures, distributes, markets, and sells baby, beauty, and hygiene products in Europe, the Americas, the Asia Pacific, and Africa.

Price History & Performance

Summary of all time highs, changes and price drops for PZ Cussons
Historical stock prices
Current Share PriceUK£1.96
52 Week HighUK£2.80
52 Week LowUK£1.94
Beta0.17
1 Month Change-9.35%
3 Month Change-20.41%
1 Year Change-14.31%
3 Year Change-15.24%
5 Year Change-33.72%
Change since IPO449.44%

Recent News & Updates

Nov 08
Calculating The Intrinsic Value Of PZ Cussons Plc (LON:PZC)

Calculating The Intrinsic Value Of PZ Cussons Plc (LON:PZC)

Today we will run through one way of estimating the intrinsic value of PZ Cussons Plc ( LON:PZC ) by estimating the...

Sep 25
PZ Cussons (LON:PZC) Is Paying Out A Larger Dividend Than Last Year

PZ Cussons (LON:PZC) Is Paying Out A Larger Dividend Than Last Year

PZ Cussons Plc ( LON:PZC ) has announced that it will be increasing its dividend on the 30th of November to UK£0.034...

Jul 04
PZ Cussons' (LON:PZC) Returns Have Hit A Wall

PZ Cussons' (LON:PZC) Returns Have Hit A Wall

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

Shareholder Returns

PZCGB Personal ProductsGB Market
7D-4.5%3.8%-1.3%
1Y-14.3%-13.2%17.9%

Return vs Industry: PZC matched the UK Personal Products industry which returned -14.1% over the past year.

Return vs Market: PZC underperformed the UK Market which returned 14.8% over the past year.

Price Volatility

Is PZC's price volatile compared to industry and market?
PZC volatility
PZC Average Weekly Movement3.2%
Personal Products Industry Average Movement6.1%
Market Average Movement4.8%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: PZC is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PZC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18842,943Jonathan Myershttps://www.pzcussons.com

PZ Cussons Plc manufactures, distributes, markets, and sells baby, beauty, and hygiene products in Europe, the Americas, the Asia Pacific, and Africa. It offers toiletries, pharmaceuticals, electrical goods, fats and spreads, nutritional products, shampoos, body washes, toothpastes, toothbrushes, skin and hair care, food pouches, cereals, snacks, flavors, and fragrances; beauty soaps, lotions, wipes, creams, shower gels, foam-bursts, bar soaps, deodorants, bath infusions, handwashes, and conditioners; dishwashing liquids, dishwasher tablets, dishwasher gels, dishwasher capsules, rinse aids, liquid detergents, laundry soaps, and laundry solutions; and cooking and vegetable oils. The company also provides refrigerators, freezers and air conditioners, washing machines, microwaves, table and standing cookers, generators, stabilizers, TVs, DVDs, and home theatres.

PZ Cussons Fundamentals Summary

How do PZ Cussons's earnings and revenue compare to its market cap?
PZC fundamental statistics
Market CapUK£819.29m
Earnings (TTM)UK£35.00m
Revenue (TTM)UK£603.30m

23.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PZC income statement (TTM)
RevenueUK£603.30m
Cost of RevenueUK£366.40m
Gross ProfitUK£236.90m
ExpensesUK£201.90m
EarningsUK£35.00m

Last Reported Earnings

May 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.084
Gross Margin39.27%
Net Profit Margin5.80%
Debt/Equity Ratio30.9%

How did PZC perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

73%

Payout Ratio

Valuation

Is PZ Cussons undervalued compared to its fair value and its price relative to the market?

13.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PZC (£1.99) is trading below our estimate of fair value (£2.28)

Significantly Below Fair Value: PZC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PZC is good value based on its PE Ratio (23.8x) compared to the UK Personal Products industry average (24.1x).

PE vs Market: PZC is poor value based on its PE Ratio (23.8x) compared to the UK market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: PZC is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: PZC's PB Ratio (2.3x) is in line with the GB Personal Products industry average.


Future Growth

How is PZ Cussons forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PZC's forecast earnings growth (14.4% per year) is above the savings rate (0.9%).

Earnings vs Market: PZC's earnings (14.4% per year) are forecast to grow faster than the UK market (12.7% per year).

High Growth Earnings: PZC's earnings are forecast to grow, but not significantly.

Revenue vs Market: PZC's revenue (2.4% per year) is forecast to grow slower than the UK market (4.8% per year).

High Growth Revenue: PZC's revenue (2.4% 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 (13.2%).


Past Performance

How has PZ Cussons performed over the past 5 years?

-22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PZC has high quality earnings.

Growing Profit Margin: PZC's current net profit margins (5.8%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: PZC's earnings have declined by 22.5% per year over the past 5 years.

Accelerating Growth: PZC's earnings growth over the past year (177.8%) exceeds its 5-year average (-22.5% per year).

Earnings vs Industry: PZC earnings growth over the past year (177.8%) exceeded the Personal Products industry 36.8%.


Return on Equity

High ROE: PZC's Return on Equity (9.2%) is considered low.


Financial Health

How is PZ Cussons's financial position?


Financial Position Analysis

Short Term Liabilities: PZC's short term assets (£311.9M) exceed its short term liabilities (£190.6M).

Long Term Liabilities: PZC's short term assets (£311.9M) exceed its long term liabilities (£215.6M).


Debt to Equity History and Analysis

Debt Level: PZC's net debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: PZC's debt to equity ratio has reduced from 58.8% to 30.9% over the past 5 years.

Debt Coverage: PZC's debt is well covered by operating cash flow (42.8%).

Interest Coverage: PZC's interest payments on its debt are well covered by EBIT (36.3x coverage).


Balance Sheet


Dividend

What is PZ Cussons's current dividend yield, its reliability and sustainability?

3.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PZC's dividend (3.06%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: PZC's dividend (3.06%) is low compared to the top 25% of dividend payers in the UK market (4.08%).


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 reasonable payout ratio (72.8%), PZC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PZC's dividends in 3 years are forecast to be well covered by earnings (44.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Jonathan Myers (51 yo)

1.5yrs

Tenure

UK£1,517,508

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 ($USD2.02M) is above average for companies of similar size in the UK market ($USD1.02M).

Compensation vs Earnings: Jonathan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PZC's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: PZC's board of directors are not considered experienced ( 1.5 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 employee growth, exchange listings and data sources


Key Information

  • Name: PZ Cussons Plc
  • Ticker: PZC
  • Exchange: LSE
  • Founded: 1884
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: UK£819.293m
  • Shares outstanding: 418.43m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 21:18
End of Day Share Price2021/11/26 00:00
Earnings2021/05/31
Annual Earnings2021/05/31


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.