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

0.5%

ISE:GCC

0.4%

IE Beverage

-0.5%

IE Market


1 Year Return

20.5%

ISE:GCC

8.1%

IE Beverage

-16.4%

IE Market

GCC outperformed the Beverage industry which returned 8.1% over the past year.

GCC outperformed the Market in Ireland which returned -16.4% over the past year.


Share holder returns

GCCIndustryMarket
7 Day0.5%0.4%-0.5%
30 Day0.7%0.7%-8.0%
90 Day9.5%6.1%-8.5%
1 Year25.9%20.5%10.3%8.1%-14.6%-16.4%
3 Year22.5%7.1%17.4%9.9%6.4%1.4%
5 Year15.2%-5.7%55.8%39.4%58.7%45.4%

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 based on future cash flows and its price relative to the stock market?

22%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

C&C Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

C&C Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

C&C Group is good value based on earnings compared to the Europe Beverage industry average.

C&C Group is overvalued based on earnings compared to the Ireland market.


Price Based on Expected Growth

C&C Group is poor value based on expected growth next year.


Price Based on Value of Assets

C&C Group is overvalued based on assets compared to the Europe Beverage industry average.


Next Steps

Future Growth

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

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

C&C Group's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

C&C Group's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).

C&C Group's revenue growth is positive but not above the Ireland market average.

C&C Group's earnings growth is positive but not above the Ireland market average.

C&C Group's earnings growth is expected to exceed the low risk savings rate of 0.9%.


Earnings per Share Growth Estimates


Future Return on Equity

C&C Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

C&C Group's year on year earnings growth rate has been positive over the past 5 years.

C&C Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

C&C Group's 1-year earnings growth is negative, it can't be compared to the Europe Beverage industry average.


Return on Equity

C&C Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

C&C Group used its assets more efficiently than the Europe Beverage industry average last year based on Return on Assets.


Return on Capital Employed

C&C Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is C&C Group's financial position?


Financial Position Analysis

C&C Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

C&C Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

C&C Group's level of debt (74.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (36.1% vs 74.6% today).

Debt is well covered by operating cash flow (25.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

3.94%

Expected Dividend Yield


Dividend Yield and Payments Analysis

C&C Group's pays a higher dividend yield than the bottom 25% of dividend payers in Ireland (2.48%).

C&C Group's dividend is below the markets top 25% of dividend payers in Ireland (4.86%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


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?

3.5yrs

Average management tenure


CEO

Stephen Glancey (58yo)

7.6yrs

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

Insufficient data for Stephen to establish whether their remuneration is reasonable compared to companies of similar size in .

Stephen's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

3.5yrs

Average Tenure

52yo

Average Age

The tenure for the C&C Group management team is about average.


Board Age and Tenure

1.4yrs

Average Tenure

58yo

Average Age

The average tenure for the C&C Group board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by C&C Group individual insiders in the past 3 months.


Recent Insider Transactions

Buy€20,45023 Jul 19
Stewart Gilliland
EntityIndividual
Role
Chairman of the Board
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
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
Chairman
Shares15,000
Max Price€3.36
Buy€51,74928 Aug 18
Jim Clerkin
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares15,000
Max Price€3.45
Buy€170,00028 Aug 18
Jonathan Solesbury
EntityIndividual
Role
Member of the Board of Directors
Group CFO & Director
Shares50,000
Max Price€3.40
Buy€50,92524 Aug 18
Richard Holroyd
EntityIndividual
Shares15,000
Max Price€3.40

Ownership Breakdown


Management Team

  • Stephen Glancey (58yo)

    Group CEO & Executive Director

    • Tenure: 7.6yrs
    • Compensation: €1.78m
  • David Johnston (47yo)

    Company Secretary

    • Tenure: 4.8yrs
  • Mark Chilton (56yo)

    Company Secretary & Group General Counsel

    • Tenure: 0.5yrs
  • Paul Bartlett

    Head of Corporate Affairs

    • Tenure: 0.0yrs
  • Joris Brams (50yo)

    Managing Director of International Division

    • Tenure: 7.5yrs
    • Compensation: €1.38m
  • Jonathan Solesbury (54yo)

    Group CFO & Director

    • Tenure: 1.8yrs
    • Compensation: €1.08m
  • Sarah Riley

    Group Director of Human Resources

    • Tenure: 0.0yrs
  • Joe Thompson

    Head of Investor Relations

    • Tenure: 0.0yrs
  • Andrea Pozzi (47yo)

    Group COO & Director

    • Tenure: 2.2yrs
    • Compensation: €713.00k

Board Members

  • Jim Clerkin (65yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: €65.00k
  • Vincent Crowley (64yo)

    Senior Independent Non-Executive Director

    • Tenure: 0.2yrs
    • Compensation: €78.00k
  • Stephen Glancey (58yo)

    Group CEO & Executive Director

    • Tenure: 7.6yrs
    • Compensation: €1.78m
  • Emer Finnan (50yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: €90.00k
  • Jim Thompson

    Independent Non-Executive Director

    • Tenure: 0.4yrs
  • Stewart Gilliland (62yo)

    Chairman

    • Tenure: 1.1yrs
    • Compensation: €179.00k
  • Helen Pitcher (61yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
    • Compensation: €4.00k
  • Jill Caseberry (54yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
    • Compensation: €4.00k
  • Jonathan Solesbury (54yo)

    Group CFO & Director

    • Tenure: 1.8yrs
    • Compensation: €1.08m
  • Andrea Pozzi (47yo)

    Group COO & Director

    • Tenure: 2.2yrs
    • 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: €1.273b
  • Shares outstanding: 309.80m
  • 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 Analysis2019/08/20 20:32
End of Day Share Price2019/08/20 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.