Loading...

Kerry Group

ISE:KRZ
Snowflake Description

Adequate balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KRZ
ISE
€17B
Market Cap
  1. Home
  2. IE
  3. Food, Beverage & Tobacco
Company description

Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers technology based taste and nutrition solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
KRZ Share Price and Events
7 Day Returns
1.2%
ISE:KRZ
1.4%
Europe Food
1.6%
IE Market
1 Year Returns
21.6%
ISE:KRZ
8.2%
Europe Food
-5.8%
IE Market
KRZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kerry Group (KRZ) 1.2% 5.4% 10.4% 21.6% 17.4% 75.2%
Europe Food 1.4% 4.4% 11% 8.2% 10.7% 39.6%
IE Market 1.6% 4.4% 13.9% -5.8% 4.7% 38.3%
1 Year Return vs Industry and Market
  • KRZ outperformed the Food industry which returned 8.2% over the past year.
  • KRZ outperformed the Market in Ireland which returned -5.8% over the past year.
Price Volatility
KRZ
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Kerry Group 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 Kerry Group 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kerry Group.

ISE:KRZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year IE Government Bond Rate 0.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ISE:KRZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IE Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 7.1%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 12.5%) (12.51%))
0.747
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)
= 0.9% + (0.8 * 7.14%)
6.61%

Discounted Cash Flow Calculation for ISE:KRZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kerry Group 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.

ISE:KRZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.61%)
2019 449.00 Analyst x9 421.15
2020 591.03 Analyst x10 520.00
2021 723.91 Analyst x3 597.40
2022 828.34 Est @ 14.43% 641.19
2023 914.23 Est @ 10.37% 663.78
2024 983.05 Est @ 7.53% 669.48
2025 1,037.51 Est @ 5.54% 662.75
2026 1,080.54 Est @ 4.15% 647.43
2027 1,114.83 Est @ 3.17% 626.55
2028 1,142.61 Est @ 2.49% 602.33
Present value of next 10 years cash flows €6,052.06
ISE:KRZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,142.61 × (1 + 0.9%) ÷ (6.61% – 0.9%)
€20,183.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €20,183.66 ÷ (1 + 6.61%)10
€10,639.93
ISE:KRZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6,052.06 + €10,639.93
€16,691.99
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €16,691.99 / 176.30
€94.68
ISE:KRZ Discount to Share Price
Calculation Result
Value per share (EUR) From above. €94.68
Current discount Discount to share price of €96.45
= -1 x (€96.45 - €94.68) / €94.68
-1.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kerry Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Kerry Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kerry Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ISE:KRZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €3.06
ISE:KRZ Share Price ** ISE (2019-03-20) in EUR €96.45
Europe Food Industry PE Ratio Median Figure of 123 Publicly-Listed Food Companies 17.12x
Ireland Market PE Ratio Median Figure of 24 Publicly-Listed Companies 11.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kerry Group.

ISE:KRZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:KRZ Share Price ÷ EPS (both in EUR)

= 96.45 ÷ 3.06

31.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kerry Group is overvalued based on earnings compared to the Europe Food industry average.
  • Kerry Group is overvalued based on earnings compared to the Ireland market.
Price based on expected Growth
Does Kerry Group's expected growth come at a high price?
Raw Data
ISE:KRZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
12.2%per year
Europe Food Industry PEG Ratio Median Figure of 71 Publicly-Listed Food Companies 1.67x
Ireland Market PEG Ratio Median Figure of 21 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

ISE:KRZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.53x ÷ 12.2%

2.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kerry Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kerry Group's assets?
Raw Data
ISE:KRZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €22.88
ISE:KRZ Share Price * ISE (2019-03-20) in EUR €96.45
Europe Food Industry PB Ratio Median Figure of 161 Publicly-Listed Food Companies 1.34x
Ireland Market PB Ratio Median Figure of 33 Publicly-Listed Companies 1.19x
ISE:KRZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:KRZ Share Price ÷ Book Value per Share (both in EUR)

= 96.45 ÷ 22.88

4.21x

* Primary Listing of Kerry Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kerry Group is overvalued based on assets compared to the Europe Food industry average.
X
Value checks
We assess Kerry Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Kerry Group has a total score of 0/6, 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.

Future Performance

 How is Kerry Group expected to perform in the next 1 to 3 years based on estimates from 13 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!
Annual Growth Rate
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kerry Group expected to grow at an attractive rate?
  • Kerry Group's earnings growth is expected to exceed the low risk savings rate of 0.9%.
Growth vs Market Checks
  • Kerry Group's earnings growth is positive but not above the Ireland market average.
  • Kerry Group's revenue growth is expected to exceed the Ireland market average.
Annual Growth Rates Comparison
Raw Data
ISE:KRZ Future Growth Rates Data Sources
Data Point Source Value (per year)
ISE:KRZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 12.2%
ISE:KRZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5.5%
Europe Food Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.3%
Ireland Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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
Raw Data
ISE:KRZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ISE:KRZ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 8,019 921 1
2021-12-31 7,891 976 789 7
2020-12-31 7,485 897 725 13
2019-12-31 7,168 768 626 12
ISE:KRZ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 6,608 651 541
2018-09-30 6,530 649 565
2018-06-30 6,452 647 590
2018-03-31 6,430 659 589
2017-12-31 6,408 671 589
2017-09-30 6,342 692 562
2017-06-30 6,275 712 536
2017-03-31 6,203 697 534
2016-12-31 6,131 683 533
2016-09-30 6,122 738 522
2016-06-30 6,113 792 510
2016-03-31 6,109 757 518

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kerry Group's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Kerry Group's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ISE:KRZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Kerry Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:KRZ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 5.21 5.21 5.21 1.00
2021-12-31 4.52 4.71 4.37 4.00
2020-12-31 4.09 4.24 3.83 6.00
2019-12-31 3.42 3.76 3.29 5.00
ISE:KRZ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 3.06
2018-09-30 3.20
2018-06-30 3.34
2018-03-31 3.34
2017-12-31 3.34
2017-09-30 3.19
2017-06-30 3.04
2017-03-31 3.03
2016-12-31 3.03
2016-09-30 2.96
2016-06-30 2.90
2016-03-31 2.94

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kerry Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kerry Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kerry Group has a total score of 2/6, 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.

Past Performance

  How has Kerry Group 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
Below we compare Kerry Group's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kerry Group's year on year earnings growth rate has been positive over the past 5 years.
  • Kerry Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kerry Group's 1-year earnings growth is negative, it can't be compared to the Europe Food industry average.
Earnings and Revenue History
Kerry Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kerry Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:KRZ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,607.60 540.50
2018-09-30 6,529.75 565.30 819.10
2018-06-30 6,451.90 590.10 1,638.20
2018-03-31 6,429.90 589.30 1,639.65
2017-12-31 6,407.90 588.50 1,641.10
2017-09-30 6,341.60 562.15 1,630.30
2017-06-30 6,275.30 535.80 1,619.50
2017-03-31 6,202.95 534.45 1,619.65
2016-12-31 6,130.60 533.10 1,619.80
2016-09-30 6,122.00 521.55 1,613.85
2016-06-30 6,113.40 510.00 1,607.90
2016-03-31 6,109.15 517.70 1,609.05
2015-12-31 6,104.90 525.40 1,610.20
2015-09-30 5,998.05 524.20 1,563.90
2015-06-30 5,891.20 523.00 1,517.60
2015-03-31 5,823.90 501.45 1,516.75
2014-12-31 5,756.60 479.90 1,515.90
2014-09-30 5,768.70 320.80 1,522.90
2014-06-30 5,780.80 161.70 1,529.90
2014-03-31 5,808.75 123.05 1,530.40
2013-12-31 5,836.70 84.40 1,530.90
2013-09-30 5,859.10 178.95 1,544.85
2013-06-30 5,881.50 273.50 1,558.80
2013-03-31 5,864.90 267.10 1,559.00
2012-12-31 5,848.30 260.70 1,559.20
2012-09-30 5,708.35 292.45 1,487.40
2012-06-30 5,568.40 320.90 1,417.80
2012-03-31 5,435.30 340.80 1,414.60

*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.
  • Kerry Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kerry Group used its assets more efficiently than the Europe Food industry average last year based on Return on Assets.
  • Kerry Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kerry Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kerry Group has a total score of 2/6, 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.

Health

 How is Kerry Group'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 Kerry Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kerry Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kerry Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kerry Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x 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.
Raw Data

All data from Kerry Group Company Filings, last reported 2 months ago.

ISE:KRZ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,034.40 2,139.10 413.80
2018-09-30 4,034.40 2,139.10 413.80
2018-06-30 3,773.60 1,785.80 290.30
2018-03-31 3,773.60 1,785.80 290.30
2017-12-31 3,573.20 1,749.60 312.50
2017-09-30 3,573.20 1,749.60 312.50
2017-06-30 3,250.40 1,790.20 457.40
2017-03-31 3,250.40 1,790.20 457.40
2016-12-31 3,094.00 2,066.70 598.50
2016-09-30 3,094.00 2,066.70 598.50
2016-06-30 2,877.00 2,010.60 372.10
2016-03-31 2,877.00 2,010.60 372.10
2015-12-31 2,790.10 2,056.40 243.10
2015-09-30 2,790.10 2,056.40 243.10
2015-06-30 2,507.80 1,603.00 177.80
2015-03-31 2,507.80 1,603.00 177.80
2014-12-31 2,235.60 1,583.70 291.20
2014-09-30 2,235.60 1,583.70 291.20
2014-06-30 2,063.90 1,394.30 231.80
2014-03-31 2,063.90 1,394.30 231.80
2013-12-31 1,967.50 1,368.30 254.30
2013-09-30 1,967.50 1,368.30 254.30
2013-06-30 2,039.60 1,538.70 263.30
2013-03-31 2,039.60 1,538.70 263.30
2012-12-31 2,014.40 1,500.10 215.40
2012-09-30 2,017.20 1,500.10 215.40
2012-06-30 1,920.40 1,669.30 229.30
2012-03-31 1,920.40 1,669.30 229.30
  • Kerry Group's level of debt (53%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (69.5% vs 53% today).
  • Debt is well covered by operating cash flow (30.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.2x coverage).
X
Financial health checks
We assess Kerry Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kerry Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Kerry Group'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
Dividend payments
0.73%
Current annual income from Kerry Group dividends. Estimated to be 0.87% next year.
If you bought €2,000 of Kerry Group shares you are expected to receive €15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kerry Group's pays a lower dividend yield than the bottom 25% of dividend payers in Ireland (1.9%).
  • Kerry Group's dividend is below the markets top 25% of dividend payers in Ireland (3.91%).
Upcoming dividend payment

Purchase Kerry Group on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
ISE:KRZ Annualized Past and Future Dividends
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 13 Analyst Estimates (S&P Global) See Below
Europe Food Industry Average Dividend Yield Market Cap Weighted Average of 97 Stocks 2.5%
Ireland Market Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.4%
Ireland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
Ireland Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ISE:KRZ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.85 1.00
2021-12-31 0.94 8.00
2020-12-31 0.86 13.00
2019-12-31 0.77 13.00
ISE:KRZ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.702 0.752
2018-04-03 0.627 0.690
2018-02-20 0.627 0.774
2017-04-04 0.560 0.686
2016-03-30 0.500 0.682
2016-02-23 0.500 0.628
2015-04-02 0.450 0.648
2015-02-24 0.450 0.704
2014-04-04 0.400 0.708
2014-02-25 0.400 0.725
2013-02-26 0.358 0.776
2012-04-10 0.322 0.861
2012-02-22 0.322 0.965
2011-02-22 0.288 1.050
2011-02-21 0.288 1.115
2010-08-31 0.261 1.022
2010-03-01 0.250 1.063
2010-02-23 0.250 1.064
2009-08-25 0.233 1.135
2009-03-23 0.225 1.395

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kerry Group is not paying a notable dividend for Ireland, therefore no need to check if the payments are stable.
  • Kerry Group is not paying a notable dividend for Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Kerry Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Kerry Group's dividends as it is not paying a notable one for Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of Kerry Group's dividends in 3 years as they are not expected to pay a notable one for Ireland.
X
Income/ dividend checks
We assess Kerry Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kerry Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kerry Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Edmond Scanlon
COMPENSATION €1,597,000
AGE 45
TENURE AS CEO 1.4 years
CEO Bio

Mr. Edmond Scanlon has been Group Chief Executive Officer and Executive Director of Kerry Group plc since October 1, 2017. Mr. Scanlon has been the Chief Executive Officer and President of Asia-Pacific at Kerry Group plc since November 2013. He served as President of Pharma and Bio-Pharma Ingredients Business at Mastertaste, Inc. He joined Kerry's Graduate Development Programme in 1996 and worked in Finance until his appointment as Vice President Finance, Supply Chain and Operations of Kerry's Global Flavours Division in 2004. In 2007, he was appointed Vice President Mergers & Acquisitions, Kerry Americas region, before being appointed Global President Kerry Functional Ingredients & Actives in late 2008. In 2012, he was appointed President of Kerry China.

CEO Compensation
  • Insufficient data for Edmond to compare compensation growth.
  • Insufficient data for Edmond to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Kerry Group management team in years:

1
Average Tenure
48.5
Average Age
  • The average tenure for the Kerry Group management team is less than 2 years, this suggests a new team.
Management Team

Edmond Scanlon

TITLE
Group CEO & Executive Director
COMPENSATION
€2M
AGE
45
TENURE
1.4 yrs

Gerry Behan

TITLE
Executive Director
COMPENSATION
€4M
AGE
53
TENURE
7.3 yrs

Marguerite Larkin

TITLE
CFO & Director
AGE
47
TENURE
0.5 yrs

William Lynch

TITLE
Head of Investor Relations

Catherine Keogh

TITLE
Director of Corporate Affairs & Communications

Michelle Healy

TITLE
Chief HR Officer
AGE
50
TENURE
0.3 yrs

Ronan Deasy

TITLE
Company Secretary & Group Financial Controller

Duncan Everett

TITLE
Chief Executive Officer of Kerry Foods
Board of Directors Tenure

Average tenure and age of the Kerry Group board of directors in years:

2.5
Average Tenure
57.5
Average Age
  • The average tenure for the Kerry Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Philip Toomey

TITLE
Chairman
COMPENSATION
€98K
AGE
64
TENURE
0.8 yrs

Edmond Scanlon

TITLE
Group CEO & Executive Director
COMPENSATION
€2M
AGE
45
TENURE
1.4 yrs

Gerry Behan

TITLE
Executive Director
COMPENSATION
€4M
AGE
53
TENURE
10.8 yrs

Marguerite Larkin

TITLE
CFO & Director
AGE
47
TENURE
0.5 yrs

Joan Garahy

TITLE
Senior Independent Director
COMPENSATION
€93K
AGE
55
TENURE
0.8 yrs

Chris Rogers

TITLE
Independent Non-Executive Director
AGE
58
TENURE
0.8 yrs

James Kenny

TITLE
Independent Non-Executive Director
COMPENSATION
€97K
AGE
64
TENURE
7.8 yrs

Hugh Brady

TITLE
Independent Non-Executive Director
COMPENSATION
€78K
AGE
58
TENURE
5.1 yrs

Karin Louise Dorrepaal

TITLE
Independent Non-Executive Director
COMPENSATION
€78K
AGE
57
TENURE
4.2 yrs

Tom Moran

TITLE
Independent Non-Executive Director
COMPENSATION
€78K
AGE
62
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • Kerry Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Mar 19 Sell Gerry Behan Individual 08. Mar 19 08. Mar 19 -11,009 €94.41 €-1,039,394
16. Nov 18 Buy Tom Moran Individual 15. Nov 18 15. Nov 18 539 €91.25 €49,184
12. Nov 18 Buy Hugh Brady Individual 09. Nov 18 09. Nov 18 750 €94.35 €70,762
X
Management checks
We assess Kerry Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kerry Group 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.

News

Simply Wall St News

Kerry Group plc (ISE:KRZ): Poised For Long Term Success?

As Kerry Group plc (ISE:KRZ) announced its earnings release on 31 December 2018,. … in-line with historical trends, with earnings growth rate expected to be 16% in the upcoming year, relative to the past five-year average earnings growth of 17% per year

Simply Wall St -

What Are Analysts Saying About Kerry Group plc's (ISE:KRZ) Growth?

The most recent earnings announcement Kerry Group plc's (ISE:KRZ) released in December 2018a

Simply Wall St -

Is Kerry Group plc's (ISE:KRZ) Balance Sheet Strong Enough To Weather A Storm?

There are a number of reasons that attract investors towards large-cap companies such as Kerry Group plc (ISE:KRZ), with a market cap of €16b. … Let’s take a look at Kerry Group’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … See our latest analysis for Kerry Group

Simply Wall St -

The Kerry Group Share Price Is Up 66% And Shareholders Are Holding On

To wit, the Kerry Group share price has climbed 66% in five years, easily topping the market return of 43%. … During five years of share price growth, Kerry Group achieved compound earnings per share (EPS) growth of 45% per year. … The EPS growth is more impressive than the yearly share price gain of 11% over the same period.

Simply Wall St -

Should You Care About Kerry Group plc’s (ISE:KRZ) Cash Levels?

Kerry Group plc (ISE:KRZ) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I will take you through Kerry Group’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Kerry Group generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating

Simply Wall St -

What Does Kerry Group plc's (ISE:KRZ) P/E Ratio Tell You?

To keep it practical, we'll show how Kerry Group plc's (ISE:KRZ) P/E ratio could help you assess the value on offer. … Kerry Group has a price to earnings ratio of 27.6, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Kerry Group plc (ISE:KRZ) Might Not Be A Great Investment

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Could Kerry Group plc's (ISE:KRZ) Investor Composition Influence The Stock Price?

If you want to know who really controls Kerry Group plc (ISE:KRZ), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … institutions are noticeable on the share registry.

Simply Wall St -

Want To Invest In Kerry Group plc (ISE:KRZ) Today? Read This First

Growth expectations for Kerry Group plc (ISE:KRZ) are high, but many investors are starting to ask whether its last close at €90 can still be rationalized by the future potential. … What can we expect from Kerry Group in the future. … According to the analysts covering the company, the following few years should bring about good growth prospects for Kerry Group

Simply Wall St -

How Many Insiders Sold Kerry Group plc (ISE:KRZ) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Kerry Group plc (ISE:KRZ). … Kerry Group Insider Transactions Over The Last Year. … That means that an insider was selling shares at below the current price (€91.25).

Simply Wall St -

Company Info

Description

Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers technology based taste and nutrition solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Taste & Nutrition and Consumer Foods. The Taste & Nutrition segment manufactures and distributes a portfolio of functional ingredients and actives; and offers taste and nutrition technologies, systems, and solutions. The Consumer Foods segment manufactures and supplies added value branded and consumer branded chilled foods primarily to the Irish and the United Kingdom markets. This segment offers meat and savory products, dairy products, and meal solutions for retailers, convenience stores, and e-commerce channels under the LowLow, Cheestrings, Dairygold, Charleville, Denny, Galtee, Richmond, Wall’s, Mattessons, Fire & Smoke, and Yollies brand names. It also produces retail private label products, such as chilled and frozen ready meals, cooked meats, and cheese and dairy products. In addition, the company is involved in the agri business. Kerry Group plc was founded in 1972 and is headquartered in Tralee, Ireland.

Details
Name: Kerry Group plc
KRZ
Exchange: ISE
Founded: 1972
€17,101,346,574
176,302,542
Website: http://www.kerrygroup.com
Address: Kerry Group plc
Prince's Street,
Tralee,
Co. Kerry, V92 EH11,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE KRZ A Ordinary Shares Irish Stock Exchange IE EUR 02. Jan 1992
OTCPK KRYA.F A Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB KRZ A Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE KYGA A Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE KRZI A Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
BATS-CHIXE KYGAL A Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK KRYA.Y UNSPONSORD ADR Pink Sheets LLC US USD 04. Jan 2005
Number of employees
Current staff
Staff numbers
24,000
Kerry Group employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:35
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/04
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.