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Last 506.00 GBp
Change Today -1.00 / -0.20%
Volume 1.1M
TATE On Other Exchanges
Symbol
Exchange
London
OTC US
OTC US
Berlin
Frankfurt
As of 11:35 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

tate & lyle plc (TATE) Snapshot

Open
508.50 GBp
Previous Close
507.00 GBp
Day High
508.50 GBp
Day Low
504.00 GBp
52 Week High
09/19/14 - 744.50 GBp
52 Week Low
07/3/15 - 504.00 GBp
Market Cap
2.4B
Average Volume 10 Days
2.1M
EPS TTM
0.07 GBp
Shares Outstanding
466.4M
EX-Date
07/2/15
P/E TM
76.7x
Dividend
31.11 GBp
Dividend Yield
6.15%
Current Stock Chart for TATE & LYLE PLC (TATE)

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tate & lyle plc (TATE) Details

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United Kingdom, other European countries, the United States, and internationally. It operates through two segments, Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment offers various sweeteners, including SPLENDA sucralose, speciality corn-based sweeteners, PUREFRUIT monk fruit extracts, TASTEVA stevia sweeteners, and DOLCIA PRIMATM allulose; and texturants, such as specialty food starches, food stabilizer systems, and CLARIA functional clean-label starches. This segment also provides functional food ingredients comprising PROMITOR soluble corn fibers, STA-LITE polydextroses, SODA-LO salt microspheres, Promoat beta glucan, and PrOatein oat proteins. The Bulk Ingredients segment manufactures various commodity products, such as liquid sweeteners comprising fructose corn syrup, glucose, and dextrose; industrial starches, fuel ethanol, citric acid, bio-fuels, and acidulants; animal feeds; and corn gluten feed and meal, and corn oil. The company is also involved in the provision of in-house treasury services; pension products; and grain products, as well as blending, reinsurance, and finance businesses. It serves food and beverage manufacturers, paper and board producers, gasoline suppliers, textile manufacturers, animal feed compounders, blenders, and agricultural customers, as well as paper and construction, personal care, and pharmaceutical industries. The company was incorporated in 1903 and is headquartered in London, the United Kingdom.

4,759 Employees
Last Reported Date: 06/29/15
Founded in 1903

tate & lyle plc (TATE) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: 721.0K GBP
Chief Financial Officer and Director
Total Annual Compensation: 280.0K GBP
Compensation as of Fiscal Year 2015.

tate & lyle plc (TATE) Key Developments

Virginia Kamsky to Step Down as Non-Executive Director

Tate & Lyle plc announced that Virginia (“Ginny”) Kamsky has decided to step down as a Non-Executive Director with effect from 1 July 2015. Ms. Kamsky is based in the US and is Chairman and Chief Executive Officer of Kamsky Associates, Inc, which she founded in 1980 and which was one of the first approved foreign advisory firms in China. She has recently been retained to advise on a number of unanticipated projects of a long-term nature. The requirements of her increased executive responsibilities mean that she will no longer be able to commit the required time to travel to the UK on a regular basis to attend Tate & Lyle Board meetings. This has prompted her decision to step down.

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."

 

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Industry Analysis

TATE

Industry Average

Valuation TATE Industry Range
Price/Earnings 82.9x
Price/Sales 1.0x
Price/Book 2.6x
Price/Cash Flow 17.8x
TEV/Sales 1.0x
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