ISE:YZA

Stock Analysis Report

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Executive Summary

ARYZTA AG provides frozen B2B baking solutions in Europe, North America, and internationally.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: YZA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.1%

YZA

-1.3%

IE Food

-1.5%

IE Market


1 Year Return

-26.8%

YZA

-3.3%

IE Food

7.3%

IE Market

Return vs Industry: YZA underperformed the Irish Food industry which returned -3.3% over the past year.

Return vs Market: YZA underperformed the Irish Market which returned 7.3% over the past year.


Shareholder returns

YZAIndustryMarket
7 Day-2.1%-1.3%-1.5%
30 Day24.1%0.2%1.3%
90 Day42.7%4.8%13.7%
1 Year-26.8%-26.8%-1.0%-3.3%8.7%7.3%
3 Year-91.1%-98.1%19.0%11.8%6.3%1.4%
5 Year-94.6%-98.9%41.8%28.1%29.8%20.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

15.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: YZA (€0.53) is trading below our estimate of fair value (€0.63)

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


Price To Earnings Ratio

PE vs Industry: YZA is unprofitable, so we can't compare its PE Ratio to the XE Food industry average.

PE vs Market: YZA is unprofitable, so we can't compare its PE Ratio to the Irish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate YZA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: YZA is good value based on its PB Ratio (0.3x) compared to the XE Food industry average (1.1x).


Next Steps

Future Growth

How is ARYZTA forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

99.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YZA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: YZA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: YZA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: YZA's revenue (2.6% per year) is forecast to grow slower than the Irish market (8.5% per year).

High Growth Revenue: YZA'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: YZA's Return on Equity is forecast to be low in 3 years time (0.6%).


Next Steps

Past Performance

How has ARYZTA performed over the past 5 years?

-36.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YZA is currently unprofitable.

Growing Profit Margin: YZA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: YZA is unprofitable, and losses have increased over the past 5 years at a rate of 36.7% per year.

Accelerating Growth: Unable to compare YZA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: YZA is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-2.4%).


Return on Equity

High ROE: YZA has a negative Return on Equity (-59.12%), as it is currently unprofitable.


Next Steps

Financial Health

How is ARYZTA's financial position?


Financial Position Analysis

Short Term Liabilities: YZA's short term assets (€980.8M) exceed its short term liabilities (€820.4M).

Long Term Liabilities: YZA's short term assets (€980.8M) do not cover its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: YZA's debt to equity ratio (66.2%) is considered high.

Reducing Debt: YZA's debt to equity ratio has reduced from 102.1% to 66.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable YZA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: YZA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.6% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate YZA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate YZA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if YZA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if YZA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: YZA is not paying a notable dividend for the Irish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of YZA's dividend in 3 years as they are not forecast to pay a notable one for the Irish market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Kevin Toland (55 yo)

2.92yrs

Tenure

€4,532,000

Compensation

Mr. Kevin E. Toland, FCMA has been Chief Executive Officer of ARYZTA AG/Aryzta plc since September 12, 2017 and also its Executive Director since December 12, 2017. Mr. Toland served as the Chief Executive ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD4.97M) is above average for companies of similar size in the Irish market ($USD1.25M).

Compensation vs Earnings: Kevin's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Toland
CEO & Executive Director2.92yrs€4.53m0.0098%
€ 52.1k
Frédéric Pflanz
Chief Financial Officer2.58yrsno datano data
Rhona O'Brien
General Counsel & Company Secretary1.92yrsno datano data
Anthony Murphy
Chief People Officer2.67yrsno datano data
John Heffernan
Chief Strategy Officer2.5yrsno data0.0014%
€ 7.5k
Claudio Gekker
Chief Operating Officer of Latin Americano datano datano data
Gregory Sklikas
Chief Executive Officer of Europe2.25yrsno datano data
Gerard Van Buttingha Wichers
Head of Investor Relationsno datano datano data
Chris Pluss
Chief Operating Officer of APMEAno datano datano data
Tyson Yu
CEO of ARYZTA North America & Member of the Group Executive Committee0.50yrno datano data
Brady Millerberg
Head of Group Reporting & Financial Controlno datano datano data
Keith Cooper
Chief Executive of American Business3.17yrsno datano data

2.5yrs

Average Tenure

55yo

Average Age

Experienced Management: YZA's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin Toland
CEO & Executive Director2.92yrs€4.53m0.0098%
€ 52.1k
Gary McGann
Independent Chairman3.67yrs€323.00k0.016%
€ 86.6k
Michael Andres
Independent Non-Executive Director1.75yrs€83.00kno data
Rolf Watter
Independent Non-Executive Director3.67yrs€110.00k0.0079%
€ 42.1k
Alejandro Legarda Zaragüeta
Independent Non-Executive Director0.75yrno datano data
Gregory Flack
Independent Non-Executive Director1.75yrs€83.00kno data
Dan Flinter
Independent Non-Executive Director4.67yrs€110.00k0.0014%
€ 7.2k
James Leighton
Independent Non-Executive Director3.25yrs€227.00kno data
Timothy Lodge
Independent Non-Executive Director1.75yrs€72.00kno data
Annette Flynn
Independent Non-Executive Director5.67yrs€113.00k0.0011%
€ 5.9k
Dave Johnson
Non-Executive Chairman of ARYZTA North America0.58yrno datano data
Luisa de Andrade Delgado
Independent Non-Executive Director0.75yrno datano data

2.2yrs

Average Tenure

62yo

Average Age

Experienced Board: YZA's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

ARYZTA AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ARYZTA AG
  • Ticker: YZA
  • Exchange: ISE
  • Founded: 1897
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CHF572.374m
  • Listing Market Cap: CHF530.952m
  • Shares outstanding: 991.12m
  • Website: https://www.aryzta.com

Number of Employees


Location

  • ARYZTA AG
  • Ifangstrasse 9
  • Schlieren
  • Zurich
  • 8952
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARYNSWX (SIX Swiss Exchange)YesNew Ordinary SharesCHCHFAug 2008
YZAISE (Irish Stock Exchange)YesNew Ordinary SharesIEEURAug 2008
0MFYLSE (London Stock Exchange)YesNew Ordinary SharesGBEURAug 2008
ARZT.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDAug 2008
YZADB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURAug 2008
ARYN NBMV (Bolsa Mexicana de Valores)YesNew Ordinary SharesMXMXNAug 2008
ARZT.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDFeb 2009

Biography

ARYZTA AG provides frozen B2B baking solutions in Europe, North America, and internationally. It offers bread rolls and artisan loaves, sweet baked goods and morning goods, and savoury and other products. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 21:49
End of Day Share Price2020/07/31 00:00
Earnings2020/01/31
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.