GL9

GlanbiaISE:GL9 Stock Report

Market Cap

€4.2b

7D

-1.4%

1Y

74.0%

Updated

18 Sep, 2021

Data

Company Financials +
GL9 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance3/6
Financial Health5/6
Dividends5/6

GL9 Overview

Glanbia plc operates as a nutrition company worldwide.

Glanbia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Glanbia
Historical stock prices
Current Share Price€14.62
52 Week High€7.69
52 Week Low€15.25
Beta0.51
1 Month Change0.34%
3 Month Change6.40%
1 Year Change74.05%
3 Year Change0.34%
5 Year Change-11.88%
Change since IPO1,117.87%

Recent News & Updates

Aug 15
Glanbia's (ISE:GL9) Dividend Will Be Increased To €0.12

Glanbia's (ISE:GL9) Dividend Will Be Increased To €0.12

The board of Glanbia plc ( ISE:GL9 ) has announced that the dividend on 1st of October will be increased to €0.12...

Jul 24
Here's What's Concerning About Glanbia's (ISE:GL9) Returns On Capital

Here's What's Concerning About Glanbia's (ISE:GL9) Returns On Capital

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Jul 09
Estimating The Fair Value Of Glanbia plc (ISE:GL9)

Estimating The Fair Value Of Glanbia plc (ISE:GL9)

In this article we are going to estimate the intrinsic value of Glanbia plc ( ISE:GL9 ) by taking the expected future...

Shareholder Returns

GL9IE FoodIE Market
7D-1.4%-0.2%1.6%
1Y74.0%7.8%35.5%

Return vs Industry: GL9 exceeded the Irish Food industry which returned 7.8% over the past year.

Return vs Market: GL9 exceeded the Irish Market which returned 35.5% over the past year.

Price Volatility

Is GL9's price volatile compared to industry and market?
GL9 volatility
GL9 Beta0.51
Industry Beta0.37
Market Beta1

Stable Share Price: GL9 is less volatile than 75% of Irish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GL9's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19647,632Siobhan Talbothttps://www.glanbia.com

Glanbia plc operates as a nutrition company worldwide. It operates through three segments: Glanbia Performance Nutrition, Glanbia Nutritionals, and Glanbia Ireland. The Glanbia Performance Nutrition segment manufactures and sells sports nutrition and lifestyle nutrition products in various formats, including powders, ready-to-eat bars and snacking foods, and ready-to-drink beverages through various channels, such as specialty retail, e-Commerce, and gyms, as well the food, drug, mass, and club channels.

Glanbia Fundamentals Summary

How do Glanbia's earnings and revenue compare to its market cap?
GL9 fundamental statistics
Market Cap€4.23b
Earnings (TTM)€169.80m
Revenue (TTM)€4.03b

24.9x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GL9 income statement (TTM)
Revenue€4.03b
Cost of Revenue€3.23b
Gross Profit€795.20m
Expenses€625.40m
Earnings€169.80m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.58
Gross Margin19.74%
Net Profit Margin4.21%
Debt/Equity Ratio42.1%

How did GL9 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

48%

Payout Ratio

Valuation

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

5.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GL9 (€14.62) is trading below our estimate of fair value (€15.48)

Significantly Below Fair Value: GL9 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GL9 is poor value based on its PE Ratio (24.9x) compared to the European Food industry average (19.8x).

PE vs Market: GL9 is poor value based on its PE Ratio (24.9x) compared to the Irish market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: GL9 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: GL9 is overvalued based on its PB Ratio (2.5x) compared to the XE Food industry average (1.3x).


Future Growth

How is Glanbia forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

18.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GL9's forecast earnings growth (18.4% per year) is above the savings rate (0.5%).

Earnings vs Market: GL9's earnings (18.4% per year) are forecast to grow slower than the Irish market (22.2% per year).

High Growth Earnings: GL9's earnings are forecast to grow, but not significantly.

Revenue vs Market: GL9's revenue (2.8% per year) is forecast to grow slower than the Irish market (8.7% per year).

High Growth Revenue: GL9's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GL9's Return on Equity is forecast to be low in 3 years time (16%).


Past Performance

How has Glanbia performed over the past 5 years?

-5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GL9 has a large one-off loss of €77.2M impacting its July 3 2021 financial results.

Growing Profit Margin: GL9's current net profit margins (4.2%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: GL9's earnings have declined by 5.3% per year over the past 5 years.

Accelerating Growth: GL9's earnings growth over the past year (11.5%) exceeds its 5-year average (-5.3% per year).

Earnings vs Industry: GL9 earnings growth over the past year (11.5%) exceeded the Food industry 10.1%.


Return on Equity

High ROE: GL9's Return on Equity (10.1%) is considered low.


Financial Health

How is Glanbia's financial position?


Financial Position Analysis

Short Term Liabilities: GL9's short term assets (€994.4M) exceed its short term liabilities (€701.3M).

Long Term Liabilities: GL9's short term assets (€994.4M) exceed its long term liabilities (€938.0M).


Debt to Equity History and Analysis

Debt Level: GL9's debt to equity ratio (42.1%) is considered high.

Reducing Debt: GL9's debt to equity ratio has reduced from 69.2% to 42.1% over the past 5 years.

Debt Coverage: GL9's debt is well covered by operating cash flow (47.9%).

Interest Coverage: GL9's interest payments on its debt are well covered by EBIT (12.6x coverage).


Balance Sheet


Dividend

What is Glanbia current dividend yield, its reliability and sustainability?

1.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GL9's dividend (1.89%) is higher than the bottom 25% of dividend payers in the Irish market (1.32%).

High Dividend: GL9's dividend (1.89%) is low compared to the top 25% of dividend payers in the Irish market (4.15%).


Stability and Growth of Payments

Stable Dividend: GL9's dividends per share have been stable in the past 10 years.

Growing Dividend: GL9's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.8%), GL9's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GL9's dividends in 3 years are forecast to be well covered by earnings (33.6% payout ratio).


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Siobhan Talbot (57 yo)

7.83yrs

Tenure

€2,310,000

Compensation

Ms. Siobhan Talbot, B.Comm., FCA has been the Group Managing Director of Glanbia plc since November 12, 2013 and its Executive Director since July 1, 2009. Ms. Talbot served as Group Finance Director at Gl...


CEO Compensation Analysis

Compensation vs Market: Siobhan's total compensation ($USD2.71M) is above average for companies of similar size in the Irish market ($USD2.03M).

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


Leadership Team

Experienced Management: GL9's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: GL9's board of directors are considered experienced (7.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GL9 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Glanbia plc's employee growth, exchange listings and data sources


Key Information

  • Name: Glanbia plc
  • Ticker: GL9
  • Exchange: ISE
  • Founded: 1964
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €4.228b
  • Shares outstanding: 289.21m
  • Website: https://www.glanbia.com

Number of Employees


Location

  • Glanbia plc
  • Glanbia House
  • Ring Road
  • Kilkenny
  • Co. Kilkenny
  • R95 E866
  • Ireland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:32
End of Day Share Price2021/09/17 00:00
Earnings2021/07/03
Annual Earnings2021/01/02


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.