ISE:OIZ

Stock Analysis Report

Executive Summary

Origin Enterprises plc operates an agri-services company in Ireland, the United Kingdom, Belgium, Poland, Romania, and Ukraine.

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.

Share Price & News

How has Origin Enterprises's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

OIZ

-2.7%

IE Food

-1.0%

IE Market


1 Year Return

-15.7%

OIZ

12.3%

IE Food

6.2%

IE Market

Return vs Industry: OIZ underperformed the Irish Food industry which returned 12.3% over the past year.

Return vs Market: OIZ underperformed the Irish Market which returned 6.2% over the past year.


Shareholder returns

OIZIndustryMarket
7 Day-0.9%-2.7%-1.0%
30 Day1.8%-3.2%7.6%
90 Day-7.3%-0.9%1.3%
1 Year-12.6%-15.7%16.8%12.3%8.5%6.2%
3 Year-9.0%-18.0%34.7%26.8%21.4%15.6%
5 Year-30.1%-40.6%57.0%44.3%78.2%63.1%

Price Volatility Vs. Market

How volatile is Origin Enterprises's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

11.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OIZ (€4.76) is trading above our estimate of fair value (€4.69)

Significantly Below Fair Value: OIZ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OIZ is good value based on its PE Ratio (11.3x) compared to the Food industry average (17x).

PE vs Market: OIZ is good value based on its PE Ratio (11.3x) compared to the Irish market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: OIZ is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: OIZ is overvalued based on its PB Ratio (1.7x) compared to the XE Food industry average (1.2x).


Next Steps

Future Growth

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

15.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OIZ's forecast earnings growth (15.4% per year) is above the savings rate (0.9%).

Earnings vs Market: OIZ's earnings (15.4% per year) are forecast to grow faster than the Irish market (12.7% per year).

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

Revenue vs Market: OIZ's revenue (2.7% per year) is forecast to grow slower than the Irish market (4% per year).

High Growth Revenue: OIZ's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OIZ's Return on Equity is forecast to be low in 3 years time (16.2%).


Next Steps

Past Performance

How has Origin Enterprises performed over the past 5 years?

-5.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OIZ's earnings have declined by -5.4% per year over the past 5 years.

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

Earnings vs Industry: OIZ had negative earnings growth (-7.2%) over the past year, making it difficult to compare to the Food industry average (0.3%).


Return on Equity

High ROE: OIZ's Return on Equity (15.2%) is considered low.


Return on Assets

ROA vs Industry: OIZ's Return on Assets is below or equal to the Food industry average last year.


Return on Capital Employed

ROCE Improving: OIZ's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Origin Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: OIZ's short term assets (€870.4M) exceeds its short term liabilities (€737.1M)

Long Term Liabilities: OIZ's short term assets (870.4M) exceeds its long term liabilities (222.5M)


Debt to Equity History and Analysis

Debt Level: OIZ's debt to equity ratio (54.2%) is considered high

Reducing Debt: OIZ's debt to equity ratio has reduced from 68.6% to 54.2% over the past 5 years.

Debt Coverage: OIZ's debt is well covered by operating cash flow (28.3%).

Interest Coverage: OIZ's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: OIZ's debt is covered by short term assets (assets are 4.6x debt).


Next Steps

Dividend

What is Origin Enterprises's current dividend yield, its reliability and sustainability?

4.48%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Origin Enterprises before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company4.5%marketbottom25%2.3%markettop25%4.0%industryaverage2.4%forecastin3Years4.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: OIZ's dividend (4.48%) is higher than the bottom 25% of dividend payers in the Irish market (2.3%).

High Dividend: OIZ's dividend (4.48%) is in the top 25% of dividend payers in the Irish market (3.96%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.8%), OIZ's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OIZ's dividends in 3 years are forecast to be well covered by earnings (37.6% payout ratio).


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Tom O'Mahony (57yo)

13yrs

Tenure

€1,296,000

Compensation

Mr. Thomas Joseph O'Mahony, also known as Tom, has been the Chief Executive Officer of Origin Enterprises Plc since October 2006 and its Executive Director since February 09, 2007. Mr. O'Mahony served as t ...


CEO Compensation Analysis

Compensation vs. Market: Tom's total compensation ($USD1.44M) is about average for companies of similar size in the Irish market ($USD1.07M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.6yrs

Average Tenure

60yo

Average Age

Experienced Management: OIZ's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

4.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: OIZ's board of directors are considered experienced (4 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buy€19,66515 Oct 19
Christopher G. Richards
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares4,275
Max Price€4.60
Buy€49,87426 Sep 19
Thomas O'Mahony
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares10,220
Max Price€4.88
Buy€53,90026 Sep 19
Sean Coyle
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares11,000
Max Price€4.90

Ownership Breakdown


Management Team

  • Tom O'Mahony (57yo)

    CEO & Executive Director

    • Tenure: 13yrs
    • Compensation: €1.30m
  • John Butler (64yo)

    Head of Business Development & Property

    • Tenure: 0yrs
  • Sean Coyle (46yo)

    CFO & Executive Director

    • Tenure: 1yrs
    • Compensation: €672.00k
  • Declan Giblin (63yo)

    CEO of Latin American Division

    • Tenure: 11yrs
    • Compensation: €1.24m
  • Rafal Prendke

    CEO of Continental European Division

    • Tenure: 1.6yrs
  • Jimmy Burke

    Head of Research & Knowledge Transfer

    • Tenure: 2.8yrs
  • Brendan Corcoran

    Head of Investor Relations & Group Planning

    • Tenure: 1.1yrs
  • Barbara Keane

    Group General Counsel & Company Secretary

    • Tenure: 0.4yrs

Board Members

  • Hugh McCutcheon (65yo)

    Non Executive Senior Independent Director

    • Tenure: 3.9yrs
    • Compensation: €71.00k
  • Rose Hynes (62yo)

    Non-Executive Chairman

    • Tenure: 4yrs
    • Compensation: €137.00k
  • Chris Richards (65yo)

    Non-Executive Director

    • Tenure: 4yrs
    • Compensation: €62.00k
  • Tom O'Mahony (57yo)

    CEO & Executive Director

    • Tenure: 13yrs
    • Compensation: €1.30m
  • Sean Coyle (46yo)

    CFO & Executive Director

    • Tenure: 1yrs
    • Compensation: €672.00k
  • Declan Giblin (63yo)

    CEO of Latin American Division

    • Tenure: 11yrs
    • Compensation: €1.24m
  • Kate Allum (54yo)

    Non-Executive Director

    • Tenure: 4yrs
    • Compensation: €70.00k
  • Gary Britton (65yo)

    Non-Executive Director

    • Tenure: 4yrs
    • Compensation: €74.00k

Company Information

Origin Enterprises plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Origin Enterprises plc
  • Ticker: OIZ
  • Exchange: ISE
  • Founded: 2006
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €597.208m
  • Shares outstanding: 125.60m
  • Website: https://www.originenterprises.com

Number of Employees


Location

  • Origin Enterprises plc
  • 4-6 Riverwalk
  • Citywest Business Campus
  • Dublin
  • Co. Dublin
  • 24
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OGNAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBEURJun 2007
OIZISE (Irish Stock Exchange)YesOrdinary SharesIEEURJun 2007
OREN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2007
OIZIBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2007

Biography

Origin Enterprises plc operates an agri-services company in Ireland, the United Kingdom, Belgium, Poland, Romania, and Ukraine. It offers integrated agronomy services, including specialty agronomy, agronom ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:51
End of Day Share Price2019/10/23 00:00
Earnings2019/07/31
Annual Earnings2019/07/31


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.