ISE:GCC

Stock Analysis Report

Executive Summary

C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, soft drinks, and bottled water in the Republic of Ireland, Scotland, England and Wales, the United States, Canada, and internationally.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has C&C Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

GCC

-2.4%

IE Beverage

-1.0%

IE Market


1 Year Return

19.6%

GCC

16.6%

IE Beverage

6.2%

IE Market

Return vs Industry: GCC exceeded the Irish Beverage industry which returned 16.6% over the past year.

Return vs Market: GCC exceeded the Irish Market which returned 6.2% over the past year.


Shareholder returns

GCCIndustryMarket
7 Day-2.4%-2.4%-1.0%
30 Day1.8%-4.2%7.6%
90 Day0%-5.6%1.3%
1 Year25.0%19.6%18.9%16.6%8.5%6.2%
3 Year31.5%15.0%12.9%5.7%21.4%15.6%
5 Year26.5%3.5%46.8%31.3%78.2%63.1%

Price Volatility Vs. Market

How volatile is C&C Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is C&C Group undervalued compared to its fair value and its price relative to the market?

22.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GCC (€4.05) is trading below our estimate of fair value (€5.25)

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


Price To Earnings Ratio

PE vs Industry: GCC is good value based on its PE Ratio (17.3x) compared to the Beverage industry average (22.5x).

PE vs Market: GCC is poor value based on its PE Ratio (17.3x) compared to the Irish market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: GCC is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: GCC is overvalued based on its PB Ratio (2.1x) compared to the XE Beverage industry average (1.9x).


Next Steps

Future Growth

How is C&C Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

9.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GCC's forecast earnings growth (9.4% per year) is above the savings rate (0.9%).

Earnings vs Market: GCC's earnings (9.4% per year) are forecast to grow slower than the Irish market (12.7% per year).

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

Revenue vs Market: GCC's revenue (2.6% per year) is forecast to grow slower than the Irish market (4% per year).

High Growth Revenue: GCC's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GCC's Return on Equity is forecast to be low in 3 years time (13.1%).


Next Steps

Past Performance

How has C&C Group performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GCC's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: GCC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GCC had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the Beverage industry average (3.3%).


Return on Equity

High ROE: GCC's Return on Equity (12.1%) is considered low.


Return on Assets

ROA vs Industry: GCC has a higher Return on Assets than the Beverage industry average last year.


Return on Capital Employed

ROCE Improving: GCC has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is C&C Group's financial position?


Financial Position Analysis

Short Term Liabilities: GCC's short term assets (€491.1M) exceeds its short term liabilities (€400.4M)

Long Term Liabilities: GCC's short term assets (491.1M) exceeds its long term liabilities (431.0M)


Debt to Equity History and Analysis

Debt Level: GCC's debt to equity ratio (74.6%) is considered high

Reducing Debt: GCC's debt to equity ratio has increased from 36.1% to 74.6% over the past 5 years.

Debt Coverage: GCC's debt is well covered by operating cash flow (25.3%).

Interest Coverage: GCC's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet

Inventory Level: GCC has a high level of physical assets or inventory.

Debt Coverage by Assets: GCC's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

What is C&C Group's current dividend yield, its reliability and sustainability?

3.78%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%2.3%markettop25%4.0%industryaverage2.1%forecastin3Years4.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GCC's dividend (3.78%) is higher than the bottom 25% of dividend payers in the Irish market (2.3%).

High Dividend: GCC's dividend (3.78%) is low compared to the top 25% of dividend payers in the Irish market (3.96%).

Stable Dividend: GCC's dividend payments have been volatile in the past 10 years.

Growing Dividend: GCC's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.3%), GCC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GCC's dividends in 3 years are forecast to be covered by earnings (54.5% payout ratio).


Next Steps

Management

What is the CEO of C&C Group's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Stephen Glancey (58yo)

7.8yrs

Tenure

€1,777,000

Compensation

Mr. Stephen Glancey has been the Group Chief Executive Officer of C&C Group Plc since January 1, 2012. Mr. Glancey serves as a Consultant of Heineken U.K. Ltd. Previously, he served as the Chief Operating  ...


CEO Compensation Analysis

Compensation vs. Market: Stephen's total compensation ($USD1.95M) is about average for companies of similar size in the Irish market ($USD1.19M).

Compensation vs Earnings: Stephen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

3.6yrs

Average Tenure

52yo

Average Age

Experienced Management: GCC's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

1.6yrs

Average Tenure

58yo

Average Age

Experienced Board: GCC's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: GCC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€20,45023 Jul 19
Stewart Gilliland
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares5,000
Max Price€4.09
Buy€41,20008 Jul 19
Vincent Crowley
EntityIndividual
Role
Lead Director
Senior Independent Non-Executive Director
Shares10,000
Max Price€4.12
Buy€36,89322 May 19
Stewart Gilliland
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares10,000
Max Price€3.69
Buy€90,00011 Jan 19
Stephen Glancey
EntityIndividual
Role
Chief Executive Officer
Group CEO & Executive Director
Shares30,000
Max Price€3.00
Buy€57,36415 Nov 18
Jim Clerkin
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares18,000
Max Price€3.21
Buy€50,46125 Oct 18
Stewart Gilliland
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares15,000
Max Price€3.36

Ownership Breakdown


Management Team

  • Stephen Glancey (58yo)

    Group CEO & Executive Director

    • Tenure: 7.8yrs
    • Compensation: €1.78m
  • David Johnston (47yo)

    Company Secretary

    • Tenure: 4.9yrs
  • Mark Chilton (56yo)

    Company Secretary & Group General Counsel

    • Tenure: 0.7yrs
  • Paul Bartlett

    Head of Corporate Affairs

    • Tenure: 0yrs
  • Joris Brams (50yo)

    Managing Director of International Division

    • Tenure: 7.7yrs
    • Compensation: €1.38m
  • Jonathan Solesbury (54yo)

    Group CFO & Director

    • Tenure: 1.9yrs
    • Compensation: €1.08m
  • Sarah Riley

    Group Director of Human Resources

    • Tenure: 0yrs
  • Joe Thompson

    Head of Investor Relations

    • Tenure: 0yrs
  • Andrea Pozzi (47yo)

    Group COO & Director

    • Tenure: 2.3yrs
    • Compensation: €713.00k

Board Members

  • Jim Clerkin (65yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: €65.00k
  • Vincent Crowley (64yo)

    Senior Independent Non-Executive Director

    • Tenure: 0.3yrs
    • Compensation: €78.00k
  • Stephen Glancey (58yo)

    Group CEO & Executive Director

    • Tenure: 7.8yrs
    • Compensation: €1.78m
  • Emer Finnan (50yo)

    Independent Non-Executive Director

    • Tenure: 5.4yrs
    • Compensation: €90.00k
  • Jim Thompson

    Independent Non-Executive Director

    • Tenure: 0.6yrs
  • Stewart Gilliland (62yo)

    Independent Chairman

    • Tenure: 1.3yrs
    • Compensation: €179.00k
  • Helen Pitcher (61yo)

    Independent Non-Executive Director

    • Tenure: 0.7yrs
    • Compensation: €4.00k
  • Jill Caseberry (54yo)

    Independent Non-Executive Director

    • Tenure: 0.7yrs
    • Compensation: €4.00k
  • Jonathan Solesbury (54yo)

    Group CFO & Director

    • Tenure: 1.9yrs
    • Compensation: €1.08m
  • Andrea Pozzi (47yo)

    Group COO & Director

    • Tenure: 2.3yrs
    • Compensation: €713.00k

Company Information

C&C Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: C&C Group plc
  • Ticker: GCC
  • Exchange: ISE
  • Founded: 1935
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €1.292b
  • Shares outstanding: 309.50m
  • Website: https://candcgroupplc.com

Number of Employees


Location

  • C&C Group plc
  • Bulmers House
  • Keeper Road
  • Dublin
  • Co. Dublin
  • 12
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GCCISE (Irish Stock Exchange)YesOrdinary SharesIEEURMay 2004
GCCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2004
CCRLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 2004
CGPZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2004
CCGG.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2005

Biography

C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, soft drinks, and bottled water in the Republic of Ireland, Scotland, England and Wales, the United States, Canada, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/08 20:31
End of Day Share Price2019/10/07 00:00
Earnings2019/02/28
Annual Earnings2019/02/28


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.