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Last 568.00 GBp
Change Today -5.00 / -0.87%
Volume 1.7M
TATE On Other Exchanges
Symbol
Exchange
London
OTC US
OTC US
Berlin
Frankfurt
As of 11:35 AM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

tate & lyle plc (TATE) Snapshot

Open
576.00 GBp
Previous Close
573.00 GBp
Day High
576.00 GBp
Day Low
568.00 GBp
52 Week High
09/19/14 - 744.50 GBp
52 Week Low
12/16/14 - 551.50 GBp
Market Cap
2.6B
Average Volume 10 Days
1.8M
EPS TTM
0.07 GBp
Shares Outstanding
466.1M
EX-Date
07/2/15
P/E TM
86.1x
Dividend
31.11 GBp
Dividend Yield
5.48%
Current Stock Chart for TATE & LYLE PLC (TATE)

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tate & lyle plc (TATE) Details

Tate & Lyle PLC provides ingredients and solutions to the food, beverage, and other industries worldwide. The company operates through two divisions, Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients division offers starch-based specialty ingredients that include specialty corn-based sweeteners comprising KYRSTAR crystalline fructose, as well as high-intensity sweeteners, including SPLENDA sucralose, PUREFRUIT monk fruit extract, and TASTEVA stevia sweetner; texturants, such as specialty starches and locust bean gum; health and wellness, including PROMITOR soluble corn fiber, STA-LITE polydextrose, SODA-LO salt microspheres, and Promoat beta glucan; and food systems, which include food stabilizer systems and functional ingredient blends. The Bulk Ingredients division manufactures and markets a range of products, including liquid sweeteners consisting of corn syrup, dextrose, and glucose; industrial starches, ethanol, citric acid, bio-fuels, and acidulants; and animal feeds, such as corn gluten feed and meal for food and beverage, and industrial and agricultural customers. The company is also involved in the in-house banking, blending, reinsurance, and management and finance businesses. Tate & Lyle PLC was incorporated in 1903 and is headquartered in London, the United Kingdom.

Founded in 1903

tate & lyle plc (TATE) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: 741.0K GBP
Compensation as of Fiscal Year 2014.

tate & lyle plc (TATE) Key Developments

Tate & Lyle plc Announces Unaudited Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Capital Expenditure and Tax Rate Guidance for the Fiscal Year 2016

Tate & Lyle plc announced unaudited consolidated earnings results for the year ended March 31, 2015. For the year, sales were GBP 2.7 billion, 11% lower mainly due to the pass-through of lower corn costs and lower pricing for SPLENDA Sucralose. Adjusted profit before tax was GBP 224 million, 28% lower as a result of the continued shift in geographic mix of profits. Adjusted diluted earnings per share was 37.7 pence, 29% lower. On a statutory basis, profit before tax was GBP 51 million, lower than the adjusted number by GBP 173 million. Net debt closed the year at GBP 504 million, an increase of GBP 151 million in the year, with free cash flow of GBP 66 million. Net debt increased principally due to lower earnings, increased capital investment, acquisitions and exchange rate movements. Capital expenditure was GBP 166 million was slightly below expectations due to phasing of cash spend. The pro forma adjusted profit before tax a consistent basis was GBP 208 million, an increased pro forma profit by GBP 7 million to align to common foreign exchange rates. Profit for the year was GBP 30 million or 6.5 pence basic and diluted per share against GBP 273 million or 52.1 pence basic and diluted per share a year ago. Sales were GPB 2,356 million against GBP 2,754 million a year ago. Net cash generated from operating activities was GBP 179 million against GBP 286 million a year ago. Adjusted operating cash flow was GBP 279 million against GBP 440 million a year ago. Return on assets was 13.9% against 19.2% a year ago. The company anticipates that the effective tax rate in the 2016 financial year will be slightly ahead of the underlying 2015 rates. Capital expenditure for the 2016 financial year is expected to be around GBP 200 million as the company complete the Speciality Food Ingredients capacity expansion program announced last year and the investment in the McIntosh sucralose facility.

Tate & Lyle Seeks Acquisitions

Tate & Lyle plc (LSE:TATE) is seeking acquisitions. Tate & Lyle announced, "We expect the global market for speciality food ingredients to grow at mid-single digits and our objective is to grow modestly ahead of the market via organic growth supplemented by bolt-on acquisitions."

Tate & Lyle plc, 2015 Earnings Call, May 28, 2015

Tate & Lyle plc, 2015 Earnings Call, May 28, 2015

 

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Industry Analysis

TATE

Industry Average

Valuation TATE Industry Range
Price/Earnings 91.7x
Price/Sales 1.2x
Price/Book 2.9x
Price/Cash Flow 70.2x
TEV/Sales 1.2x
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