Lancaster Colony
Market Cap
US$4.3b
Last Updated
2019/12/09 23:39 UTC
Data Sources
Company Financials +
Executive Summary
Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States.
Rewards
Risk Analysis
No risks detected for LANC from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Lancaster Colony's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LANC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.2%
LANC
1.4%
US Food
0.7%
US Market
1 Year Return
-11.4%
LANC
11.1%
US Food
18.2%
US Market
Return vs Industry: LANC underperformed the US Food industry which returned 11.1% over the past year.
Return vs Market: LANC underperformed the US Market which returned 18.2% over the past year.
Shareholder returns
| LANC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 1.4% | 0.7% |
| 30 Day | 0.5% | 3.5% | 1.5% |
| 90 Day | 8.5% | 1.8% | 5.0% |
| 1 Year | -9.8%-11.4% | 14.3%11.1% | 20.8%18.2% |
| 3 Year | 19.0%12.9% | 2.1%-6.0% | 45.2%35.8% |
| 5 Year | 97.9%73.5% | 43.5%26.1% | 71.6%52.7% |
Price Volatility Vs. Market
How volatile is Lancaster Colony's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Lancaster Colony Corporation (NASDAQ:LANC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon2 weeks ago | Simply Wall St
Here's Why We Think Lancaster Colony (NASDAQ:LANC) Is Well Worth WatchingValuation
Is Lancaster Colony undervalued compared to its fair value and its price relative to the market?
28.39x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LANC ($157.26) is trading above our estimate of fair value ($143.44)
Significantly Below Fair Value: LANC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LANC is poor value based on its PE Ratio (28.4x) compared to the Food industry average (24.8x).
PE vs Market: LANC is poor value based on its PE Ratio (28.4x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: LANC is poor value based on its PEG Ratio (6.5x)
Price to Book Ratio
PB vs Industry: LANC is overvalued based on its PB Ratio (5.8x) compared to the US Food industry average (2.3x).
Next Steps
Future Growth
How is Lancaster Colony forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
4.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LANC's forecast earnings growth (4.4% per year) is above the savings rate (1.7%).
Earnings vs Market: LANC's earnings (4.4% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: LANC's earnings are forecast to grow, but not significantly.
Revenue vs Market: LANC's revenue (2.9% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: LANC's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LANC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Lancaster Colony performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LANC has high quality earnings.
Growing Profit Margin: LANC's current net profit margins (11.4%) are lower than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: LANC's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: LANC's earnings growth over the past year (5.1%) is below its 5-year average (9% per year).
Earnings vs Industry: LANC earnings growth over the past year (5.1%) exceeded the Food industry -17.5%.
Return on Equity
High ROE: LANC's Return on Equity (20.3%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Lancaster Colony's financial position?
Financial Position Analysis
Short Term Liabilities: LANC's short term assets ($368.7M) exceed its short term liabilities ($136.6M).
Long Term Liabilities: LANC's short term assets ($368.7M) exceed its long term liabilities ($76.1M).
Debt to Equity History and Analysis
Debt Level: LANC is debt free.
Reducing Debt: LANC has not had any debt for past 5 years.
Debt Coverage: LANC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LANC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: LANC has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if LANC's debt is covered by short term assets.
Next Steps
Dividend
What is Lancaster Colony's current dividend yield, its reliability and sustainability?
1.78%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LANC's dividend (1.78%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: LANC's dividend (1.78%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: LANC's dividends per share have been stable in the past 10 years.
Growing Dividend: LANC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.9%), LANC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Lancaster Colony's salary, the management and board of directors tenure and is there insider trading?
1.2yrs
Average management tenure
CEO
Dave Ciesinski (53yo)
2.4yrs
Tenure
US$3,550,532
Compensation
Mr. David A. Ciesinski, also known as Dave, has been Chief Executive Officer of Lancaster Colony Corporation since July 1, 2017. Mr. Ciesinski has been President of Lancaster Colony Corporation since April ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD3.55M) is below average for companies of similar size in the US market ($USD5.09M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
Management Age and Tenure
1.2yrs
Average Tenure
53.5yo
Average Age
Experienced Management: LANC's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Age and Tenure
4.6yrs
Average Tenure
62yo
Average Age
Experienced Board: LANC's board of directors are considered experienced (4.6 years average tenure).
Insider Trading
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.
Management Team
Jay Gerlach (64yo)
Executive Chairman of the Board
- Tenure: 22.9yrs
- Compensation: US$720.05k
David Segal
Senior Corporate Counsel and Assistant Secretary
- Tenure: 0yrs
Dave Ciesinski (53yo)
President
- Tenure: 2.4yrs
- Compensation: US$3.55m
Matthew Shurte (51yo)
General Counsel
- Tenure: 0yrs
David Nagle (54yo)
Chief Supply Chain Officer of T. Marzetti Company
- Tenure: 2.9yrs
- Compensation: US$916.86k
Doug Fell (57yo)
Transformation Program Officer
- Tenure: 0.7yrs
- Compensation: US$1.34m
Dale Ganobsik
VP of Investor Relations & Treasurer
- Tenure: 0yrs
Tom Pigott (54yo)
VP, Assistant Secretary & CFO
- Tenure: 0.7yrs
- Compensation: US$749.22k
Carl Stealey (48yo)
President of Retail Division at T. Marzetti Company
- Tenure: 1.2yrs
Kristin Bird (48yo)
President of Foodservice Division of T. Marzetti Company
- Tenure: 0.9yrs
Board Members
Bill Carter (65yo)
Independent Director
- Tenure: 4.1yrs
- Compensation: US$203.67k
Alan Harris (65yo)
Lead Independent Director
- Tenure: 1.1yrs
- Compensation: US$203.67k
Jay Gerlach (64yo)
Executive Chairman of the Board
- Tenure: 22.9yrs
- Compensation: US$720.05k
Robert Fox (70yo)
Independent Director
- Tenure: 28.9yrs
- Compensation: US$189.29k
Barb Braiser (60yo)
Independent Director
- Tenure: 0.08yrs
Mike Keown (57yo)
Independent Director
- Tenure: 1.1yrs
- Compensation: US$151.19k
Neeli Bendapudi (56yo)
Independent Director
- Tenure: 14.3yrs
- Compensation: US$198.04k
Dave Ciesinski (53yo)
President
- Tenure: 2.4yrs
- Compensation: US$3.55m
Ken Cooke (70yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$213.04k
Bob Ostryniec (58yo)
Independent Director
- Tenure: 5.1yrs
- Compensation: US$196.17k
Company Information
Lancaster Colony Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lancaster Colony Corporation
- Ticker: LANC
- Exchange: NasdaqGS
- Founded: 1961
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: US$4.322b
- Shares outstanding: 27.49m
- Website: https://www.lancastercolony.com
Number of Employees
Location
- Lancaster Colony Corporation
- 380 Polaris Parkway
- Suite 400
- Westerville
- Ohio
- 43082
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LANC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1969 |
| LC1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1969 |
Biography
Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It o ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/09 23:39 |
| End of Day Share Price | 2019/12/09 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/06/30 |
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.