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Premier Foods

OTCPK:PRRF.Y
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRRF.Y
OTCPK
£283M
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The last earnings update was 35 days ago. More info.


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PRRF.Y Share Price and Events
7 Day Returns
-3.4%
OTCPK:PRRF.Y
0.5%
US Food
0.3%
US Market
1 Year Returns
-23.8%
OTCPK:PRRF.Y
1.1%
US Food
0.7%
US Market
PRRF.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Premier Foods (PRRF.Y) -3.4% -10.7% -13% -23.8% -29.1% -51.7%
US Food 0.5% 1.8% 8.7% 1.1% -11.1% 22.9%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • PRRF.Y underperformed the Food industry which returned 1.1% over the past year.
  • PRRF.Y underperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
PRRF.Y
Industry
5yr Volatility vs Market

PRRF.Y Value

 Is Premier Foods 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 Premier Foods 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 Premier Foods.

OTCPK:PRRF.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:PRRF.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 19%) (175.82%))
1.216
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.216 * 6.65%)
10.81%

Discounted Cash Flow Calculation for OTCPK:PRRF.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Premier Foods 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.

OTCPK:PRRF.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 10.81%)
2019 38.50 Analyst x2 34.74
2020 38.90 Analyst x1 31.68
2021 45.10 Analyst x2 33.14
2022 46.10 Analyst x1 30.57
2023 47.19 Est @ 2.36% 28.24
2024 48.35 Est @ 2.47% 26.11
2025 49.58 Est @ 2.55% 24.16
2026 50.87 Est @ 2.6% 22.37
2027 52.21 Est @ 2.64% 20.72
2028 53.61 Est @ 2.67% 19.20
Present value of next 10 years cash flows £270.94
OTCPK:PRRF.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £53.61 × (1 + 2.73%) ÷ (10.81% – 2.73%)
£681.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £681.20 ÷ (1 + 10.81%)10
£243.96
OTCPK:PRRF.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £270.94 + £243.96
£514.90
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £514.90 / 845.01
£0.61
OTCPK:PRRF.Y Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.69
Current discount Discount to share price of $2.03
= -1 x ($2.03 - $3.69) / $3.69
45%

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

Current Discount
Amount off the current price Premier Foods is available for.
Intrinsic value
45%
Share price is $2.03 vs Future cash flow value of $3.69
Current Discount Checks
For Premier Foods to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Premier Foods's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Premier Foods's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Premier Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Premier Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PRRF.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in GBP £-0.04
LSE:PFD Share Price ** LSE (2019-06-17) in GBP £0.34
United States of America Food Industry PE Ratio Median Figure of 43 Publicly-Listed Food Companies 24.84x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

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

** Primary Listing of Premier Foods.

OTCPK:PRRF.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:PFD Share Price ÷ EPS (both in GBP)

= 0.34 ÷ -0.04

-8.34x

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

  • Premier Foods is loss making, we can't compare its value to the US Food industry average.
  • Premier Foods is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Premier Foods's expected growth come at a high price?
Raw Data
OTCPK:PRRF.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
67.5%per year
United States of America Food Industry PEG Ratio Median Figure of 31 Publicly-Listed Food Companies 1.56x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Premier Foods, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Premier Foods's assets?
Raw Data
OTCPK:PRRF.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in GBP £1.14
LSE:PFD Share Price * LSE (2019-06-17) in GBP £0.34
United States of America Food Industry PB Ratio Median Figure of 70 Publicly-Listed Food Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
OTCPK:PRRF.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:PFD Share Price ÷ Book Value per Share (both in GBP)

= 0.34 ÷ 1.14

0.29x

* Primary Listing of Premier Foods.

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

  • Premier Foods is good value based on assets compared to the US Food industry average.
X
Value checks
We assess Premier Foods'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. Premier Foods has a total score of 3/6, 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.

PRRF.Y Future Performance

 How is Premier Foods expected to perform in the next 1 to 3 years based on estimates from 4 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
67.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Premier Foods expected to grow at an attractive rate?
  • Premier Foods's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Premier Foods's earnings growth is expected to exceed the United States of America market average.
  • Premier Foods's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PRRF.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PRRF.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 67.5%
OTCPK:PRRF.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.1%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:PRRF.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PRRF.Y Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 880 57 56 2
2021-03-31 854 67 52 4
2020-03-31 839 64 49 4
2019-03-31 826 60 36 4
OTCPK:PRRF.Y Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-30 824 58 -34
2018-12-30 824 58 -14
2018-09-29 824 58 6
2018-06-29 822 55 7
2018-03-31 819 52 7
2017-12-31 807 52 34
2017-09-30 796 51 61
2017-06-30 793 44 33
2017-04-01 790 37 6
2017-01-01 784 49 -19
2016-10-01 779 61 -43
2016-07-01 775 78 -5
2016-04-02 772 95 34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Premier Foods's earnings are expected to grow significantly at over 20% yearly.
  • Premier Foods's revenue is expected to grow by 2.1% 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
OTCPK:PRRF.Y 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 4 Analyst Estimates (S&P Global) See Below

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

OTCPK:PRRF.Y Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.07 0.07 0.07 1.00
2021-03-31 0.06 0.06 0.04 3.00
2020-03-31 0.05 0.06 0.04 3.00
2019-03-31 0.04 0.05 0.02 3.00
OTCPK:PRRF.Y Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-30 -0.04
2018-12-30 -0.02
2018-09-29 0.01
2018-06-29 0.01
2018-03-31 0.01
2017-12-31 0.04
2017-09-30 0.07
2017-06-30 0.04
2017-04-01 0.01
2017-01-01 -0.02
2016-10-01 -0.05
2016-07-01 -0.01
2016-04-02 0.04

*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.
  • Premier Foods is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Premier Foods'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Premier Foods has a total score of 3/6, 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.

PRRF.Y Past Performance

  How has Premier Foods 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 Premier Foods'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.
  • Premier Foods does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Premier Foods's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Premier Foods's 1-year growth to the US Food industry average as it is not currently profitable.
Earnings and Revenue History
Premier Foods'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 Premier Foods Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PRRF.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 824.30 -33.80 277.20
2018-12-30 824.10 -13.80 240.95
2018-09-29 823.90 6.20 204.70
2018-06-29 821.55 6.70 203.55
2018-03-31 819.20 7.20 202.40
2017-12-31 807.45 34.30 203.25
2017-09-30 795.70 61.40 204.10
2017-06-30 793.05 33.45 209.75
2017-04-01 790.40 5.50 215.40
2017-01-01 784.45 -18.90 227.35
2016-10-01 778.50 -43.30 239.30
2016-07-01 775.10 -4.65 240.15
2016-04-02 771.70 34.00 241.00
2015-10-03 768.74 -3.36 277.68
2015-07-03 770.09 -38.76 289.88
2015-04-04 771.44 -74.16 302.08
2014-06-30 827.40 -89.30 256.00
2014-03-31 841.80 -68.00 250.70
2013-12-31 843.00 -46.70 234.30
2013-09-30 727.30 -2.35 200.60
2013-06-30 611.60 42.00 166.90
2013-03-31 841.25 26.00 216.00
2012-12-31 1,070.90 10.00 265.10
2012-09-30 1,459.25 -137.25 497.75
2012-06-30 1,847.60 -284.50 730.40

*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.
  • It is difficult to establish if Premier Foods has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Premier Foods used its assets less efficiently than the US Food industry average last year based on Return on Assets.
  • It is difficult to establish if Premier Foods improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Premier Foods'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.
Premier Foods has a total score of 0/6, 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.

PRRF.Y Health

 How is Premier Foods'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 Premier Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Premier Foods's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Premier Foods's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Premier Foods'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x 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 Premier Foods Company Filings, last reported 2 months ago.

OTCPK:PRRF.Y Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 962.80 497.70 27.80
2018-12-30 962.80 497.70 27.80
2018-09-29 906.70 520.90 11.40
2018-06-29 906.70 520.90 11.40
2018-03-31 949.30 520.00 23.60
2017-12-31 949.30 520.00 23.60
2017-09-30 797.00 544.90 9.50
2017-06-30 797.00 544.90 9.50
2017-04-01 792.80 526.70 3.10
2017-01-01 792.80 526.70 3.10
2016-10-01 456.00 591.50 34.50
2016-07-01 456.00 591.50 34.50
2016-04-02 848.50 543.20 8.00
2015-10-03 707.00 607.60 21.10
2015-07-03 707.00 607.60 21.10
2015-04-04 540.20 631.30 44.70
2014-06-30 320.00 641.00 69.10
2014-03-31 320.00 641.00 69.10
2013-12-31 17.90 995.40 157.00
2013-09-30 17.90 995.40 157.00
2013-06-30 452.90 969.70 67.70
2013-03-31 452.90 969.70 67.70
2012-12-31 404.90 1,023.10 53.20
2012-09-30 404.90 1,023.10 53.20
2012-06-30 500.10 1,318.10 48.70
  • Premier Foods's level of debt (51.7%) 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 (200.3% vs 51.7% today).
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.

  • Whilst loss making Premier Foods has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Premier Foods has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Premier Foods'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. Premier Foods has a total score of 3/6, 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.

PRRF.Y Dividends

 What is Premier Foods'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%
Current annual income from Premier Foods dividends. Estimated to be 0% next year.
If you bought $2,000 of Premier Foods shares you are expected to receive $0 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?
  • Unable to evaluate Premier Foods's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Premier Foods's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
OTCPK:PRRF.Y 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 4 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:PRRF.Y Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 0.00 2.00
2020-03-31 0.00 2.00
2019-03-31 0.00 2.00
OTCPK:PRRF.Y Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2009-08-05 0.000 0.000

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

  • Unable to perform a dividend volatility check as Premier Foods has not reported any payouts.
  • Unable to verify if Premier Foods's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Premier Foods's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Premier Foods has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Premier Foods's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Premier Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Premier Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Premier Foods 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.

PRRF.Y Management

 What is the CEO of Premier Foods'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
Alastair S. Murray
COMPENSATION £620,000
AGE 57
TENURE AS CEO 0.3 years
CEO Bio

Mr. Alastair S. N. Murray has been Acting Chief Executive Officer of Premier Foods since February 1, 2019. He has been the Chief Financial Officer of Premier Foods plc since September 30, 2013. Mr. Murray serves as Director of Premier Foods Group Limited. He served as Group Finance Director of Dairy Crest Group PLC from June 20, 2003 to May 23, 2013. At Dairy Crest Group, he helped to lead a significant restructuring to simplify the business, creatively addressing its pension deficit and reinforcing its position as an industry leader. He served as Group Finance Director of The Body Shop International plc since January 1999. He served as Divisional Finance Director at Dalgety plc and also served as Finance Director of Dalgety Food Ingredients Ltd. from 1994 to 1998. He worked at Unilever Plc for 13 years, where his experience ranged from operational and commercial management to head office positions in finance, treasury operations and mergers and acquisitions. He has been an Executive Director of Premier Foods plc since September 30, 2013. He served as Director of Body Shop International Plc since January 1999. Mr. Murray served as an Executive Director of Dairy Crest Group PLC from September 2003 to May 23, 2013. He is a Fellow of the Chartered institute of Management Accountants. He graduated from Cambridge University with an MA in Engineering and also holds an MBA from Cranfield Institute of Technology.

CEO Compensation
  • Alastair S.'s compensation has increased whilst company is loss making.
  • Alastair S.'s remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Premier Foods management team in years:

2.1
Average Tenure
  • The tenure for the Premier Foods management team is about average.
Management Team

Alastair S. Murray

TITLE
Acting CEO
COMPENSATION
£620K
AGE
57
TENURE
0.3 yrs

Richard Godden

TITLE
Director of Investor Relations & Treasury

Simon Rose

TITLE
General Counsel & Company Secretary
TENURE
0.8 yrs

David Wilkinson

TITLE
Human Resources & Communications Director
TENURE
2.1 yrs

Alex Whitehouse

TITLE
Managing Director of UK
TENURE
4.9 yrs

Jette Andersen

TITLE
Managing Director of International
TENURE
3.3 yrs

Mark Hughes

TITLE
Procurement & Central Operations Director
AGE
57

Hannah Collyer

TITLE
Corporate Affairs Director
Board of Directors Tenure

Average tenure and age of the Premier Foods board of directors in years:

0.8
Average Tenure
60
Average Age
  • The average tenure for the Premier Foods board of directors is less than 3 years, this suggests a new board.
Board of Directors

Keith Hamill

TITLE
Non-Executive Chairman
COMPENSATION
£235K
AGE
64
TENURE
1.6 yrs

Alastair S. Murray

TITLE
Acting CEO
COMPENSATION
£620K
AGE
57
TENURE
5.8 yrs

Richard Hodgson

TITLE
Senior Independent Director
COMPENSATION
£57K
AGE
48
TENURE
0.1 yrs

Simon Bentley

TITLE
Non-Executive Director
AGE
63
TENURE
0.3 yrs

Pam Powell

TITLE
Non-Executive Director
COMPENSATION
£57K
TENURE
6.1 yrs

Daniel Wosner

TITLE
Non-Executive Director
COMPENSATION
£57K
TENURE
0.3 yrs

Shinji Honda

TITLE
Non-Executive Director
TENURE
1.3 yrs

Orkun Kilic

TITLE
Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Premier Foods'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. Premier Foods 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.

PRRF.Y News

Simply Wall St News

PRRF.Y Company Info

Description

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. It operates through Grocery and Sweet Treats segments. The company offers a portfolio of product categories, including flavourings and seasonings under the Bisto, OXO, and Paxo brands; cooking sauces and accompaniments under the Sharwood’s, Loyd Grossman, and Homepride brands; and quick meals, snacks, and soups under the Batchelors and Smash brands. Its products portfolio also comprises ambient desserts under the Ambrosia, Bird’s, Angel Delight, Mr Kipling, and Cadbury brands; and ambient cakes under the Mr Kipling, Cadbury, and Lyons brands. The company offers its products through supermarkets, discounters, convenience stores, and wholesale and food service facilities, as well as through online channels. Premier Foods plc was founded in 1975 and is headquartered in St Albans, the United Kingdom.

Details
Name: Premier Foods plc
PRRF.Y
Exchange: OTCPK
Founded: 1975
£355,488,871
845,012,967
Website: http://www.premierfoods.co.uk
Address: Premier Foods plc
Premier House,
Centrium Business Park,
St Albans,
Hertfordshire, AL1 2RE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PFD Ordinary Shares London Stock Exchange GB GBP 20. Jul 2004
OTCPK PFOD.F Ordinary Shares Pink Sheets LLC US USD 20. Jul 2004
DB FOJ1 Ordinary Shares Deutsche Boerse AG DE EUR 20. Jul 2004
MUN FOJ1 Ordinary Shares Boerse Muenchen DE EUR 20. Jul 2004
BATS-CHIXE PFDL Ordinary Shares BATS 'Chi-X Europe' GB GBP 20. Jul 2004
OTCPK PRRF.Y UNSPONSORD ADR Pink Sheets LLC US USD 07. May 2012
Number of employees
Current staff
Staff numbers
4,000
Premier Foods employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 00:27
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/30
Last annual earnings reported: 2019/03/30


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.