NZSE:TGG

Stock Analysis Report

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Executive Summary

T&G Global Limited, together with its subsidiaries, grows, markets, distributes, and exports fresh produce under the JAZZ, envy, enza, pacific rose, LOTATOES, sunfirst, BEEKIST, and ORCHARD RD brands. More Details


Snowflake Analysis

Adequate balance sheet with proven track record.

Share Price & News

How has T&G Global's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

TGG

-1.1%

NZ Food

-2.7%

NZ Market


1 Year Return

4.7%

TGG

5.7%

NZ Food

6.3%

NZ Market

Return vs Industry: TGG underperformed the NZ Food industry which returned 5.7% over the past year.

Return vs Market: TGG underperformed the NZ Market which returned 6.3% over the past year.


Shareholder returns

TGGIndustryMarket
7 Day-1.1%-1.1%-2.7%
30 Day-1.1%2.2%3.3%
90 Day1.1%-15.0%4.1%
1 Year4.7%4.7%6.6%5.7%10.5%6.3%
3 Year-19.8%-22.9%10.3%6.0%44.9%25.9%
5 Year50.9%35.0%126.4%90.2%95.4%47.8%

Price Volatility Vs. Market

How volatile is T&G Global's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is T&G Global undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TGG (NZ$2.7) is trading below our estimate of fair value (NZ$9.6)

Significantly Below Fair Value: TGG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TGG is poor value based on its PE Ratio (55.3x) compared to the NZ Food industry average (13.7x).

PE vs Market: TGG is poor value based on its PE Ratio (55.3x) compared to the NZ market (23x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TGG is good value based on its PB Ratio (0.7x) compared to the NZ Food industry average (1.3x).


Next Steps

Future Growth

How is T&G Global forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.0%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as T&G Global has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has T&G Global performed over the past 5 years?

-20.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGG has high quality earnings.

Growing Profit Margin: TGG's current net profit margins (0.5%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: TGG's earnings have declined by 20.5% per year over the past 5 years.

Accelerating Growth: TGG's earnings growth over the past year (51.2%) exceeds its 5-year average (-20.5% per year).

Earnings vs Industry: TGG earnings growth over the past year (51.2%) exceeded the Food industry 15.8%.


Return on Equity

High ROE: TGG's Return on Equity (2.5%) is considered low.


Next Steps

Financial Health

How is T&G Global's financial position?


Financial Position Analysis

Short Term Liabilities: TGG's short term assets (NZ$491.2M) exceed its short term liabilities (NZ$408.1M).

Long Term Liabilities: TGG's short term assets (NZ$491.2M) exceed its long term liabilities (NZ$247.8M).


Debt to Equity History and Analysis

Debt Level: TGG's debt to equity ratio (47.3%) is considered high.

Reducing Debt: TGG's debt to equity ratio has reduced from 73.7% to 47.3% over the past 5 years.

Debt Coverage: TGG's debt is well covered by operating cash flow (28.2%).

Interest Coverage: TGG's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

What is T&G Global current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TGG'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 TGG's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: TGG is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Gareth Edgecombe

2.25yrs

Tenure

Mr. Gareth Edgecombe serves as Chief Executive Officer of T&G Global Ltd since July 09, 2018. He served as the President of Asia Pacific at Campbell Soup Company from August 8, 2011 to November 1, 2013. Mr ...


Leadership Team

NamePositionTenureCompensationOwnership
Gareth Edgecombe
Chief Executive Officer2.25yrsno datano data
Bastian Streit
Chief Financial Officer2yrsno datano data
Craig Betty
Director of Operations1yrno datano data
Peter Landon-Lane
Director of Innovation & Technical0.75yrno datano data
Rachel Stotter
Director International Sales1.25yrsno datano data
Heather Kean
Director of People & Culture2.25yrsno datano data
Andrew Keaney
Managing Director of T&G Fresh2yrsno datano data
Adrienne Sharp
Head of Corporate Affairs0.75yrno datano data
Douglas Bygrave
Company Secretary & Group Treasurerno datano datano data
Tim Clarkson
Director of Strategy2yrsno datano data

2.0yrs

Average Tenure

Experienced Management: TGG's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Klaus Lutz
Chairman8.42yrsNZ$43.00kno data
Robert Hewett
Independent Director2.17yrsno datano data
Andreas Helber
Non Independent Director8.42yrsNZ$34.00kno data
Carol Campbell
Independent Director10.25yrsNZ$98.00kno data
Ralf Priske
Non-independent Director2.83yrsno datano data
Benedikt Mangold
Non-Independent Director0.75yrno datano data

5.6yrs

Average Tenure

Experienced Board: TGG's board of directors are considered experienced (5.6 years average tenure).


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

T&G Global Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: T&G Global Limited
  • Ticker: TGG
  • Exchange: NZSE
  • Founded: 1883
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: NZ$330.867m
  • Shares outstanding: 122.54m
  • Website: https://tandg.global

Number of Employees


Location

  • T&G Global Limited
  • 1 Clemow Drive
  • Mount Wellington
  • Auckland
  • 1060
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGGNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDSep 2004

Biography

T&G Global Limited, together with its subsidiaries, grows, markets, distributes, and exports fresh produce under the JAZZ, envy, enza, pacific rose, LOTATOES, sunfirst, BEEKIST, and ORCHARD RD brands. It o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:46
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.