Last $45.96 USD
Change Today +0.64 / 1.41%
Volume 2.9K
ASBFY On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

assoc british foods-unsp adr (ASBFY) Snapshot

Open
$45.60
Previous Close
$45.32
Day High
$45.96
Day Low
$45.60
52 Week High
03/4/14 - $50.75
52 Week Low
06/24/13 - $25.74
Market Cap
36.4B
Average Volume 10 Days
3.7K
EPS TTM
--
Shares Outstanding
791.7M
EX-Date
12/4/13
P/E TM
--
Dividend
$0.74
Dividend Yield
1.11%
Current Stock Chart for ASSOC BRITISH FOODS-UNSP ADR (ASBFY)

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assoc british foods-unsp adr (ASBFY) Details

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products to retail, wholesale, and foodservice businesses. The Sugar segment is involved in growing and processing sugar beet and sugar cane for sale to industrial users. The Agriculture segment manufactures animal feeds and other products for the agriculture sector, as well as technology-based products to farmers, feed and food manufacturers, processors, and retailers. The Ingredients segment manufactures bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer womenswear, lingerie, childrenswear, menswear, footwear, accessories, hosiery, and homeware. The company was founded in 1935 and is headquartered in London, the United Kingdom. Associated British Foods plc is a subsidiary of Wittington Investments Limited.

113,000 Employees
Last Reported Date: 11/5/13
Founded in 1935

assoc british foods-unsp adr (ASBFY) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 2.2M GBP
Finance Director and Executive Director
Total Annual Compensation: 1.4M GBP
Compensation as of Fiscal Year 2013.

assoc british foods-unsp adr (ASBFY) Key Developments

Associated British Foods plc Provides Earnings Guidance for the First Half of Fiscal 2014; Announces Restated Earnings Results for the Half Year Ended March 2, 2013 and Full Year Ended September 14, 2013

Associated British Foods plc provided earnings guidance for the first half of fiscal 2014. For the period, the company expects adjusted operating profit to be in line with last year. A much lower profit from Sugar will be offset by another excellent performance from Primark and encouraging results from Grocery and Ingredients. Together with a further reduction in the underlying tax rate at the half year, adjusted earnings for the first half will be firmly ahead of last year. Operating cash flow in the first half will be further improved driven by a good working capital performance, particularly at Primark where effective inventory management and strong trading have resulted in lower stock holding levels. Capital expenditure has been higher than last year with lower expenditure in the food businesses being more than offset by higher investment at Primark. Net debt at the half year is expected to be £0.9 billion, some £0.4 billion lower than at the same stage last year. The company announced restated earnings results for the half year ended March 2, 2013 and full year ended September 14, 2013. For the half year, the company announced adjusted operating profit of £493 million compared to previously reported of £496 million. Adjusted profit before tax was £448 million compared to previously reported of £452 million. Adjusted earnings were £328 million or 41.5 pence per share compared to previously reported of £331 million or 41.9 pence per share. For the year, the company announced adjusted operating profit of £1,180 million compared to previously reported of £1,185 million. Adjusted profit before tax was £1,088 million compared to previously reported of £1,096 million. Adjusted earnings were £775 million or 98.1 pence per share compared to previously reported of £781 million or 98.9 pence per share.

Associated British Foods plc Announces Interim Management Statement for the 16 Weeks to January 4, 2014; Provides Earnings Guidance for the Year 2014

Associated British Foods plc announced interim management statement for the 16 weeks to January 4, 2014. Compared with the first quarter last year, sterling weakened against the euro but has strengthened against most other major currencies, particularly in recent weeks. As a result, group revenue for the quarter was 1% higher at constant currency. Operating profit margin was higher than in the same period last year, reflecting the Christmas trading, and was better than expected. Operating cash flow in the period was better than last year driven by a strong working capital inflow, particularly at Primark, compared with last year's outflow. Capital expenditure continued at a level similar to last year with lower expenditure in the food businesses offset by a higher investment at Primark. Net debt at January 4, 2014 was £392 million lower than last year end at £412 million. The company provided earnings guidance for the year 2014. With the further store expansion planned for the remainder of the year, Primark's profit will be well ahead of last year with a higher margin than expected. The company continues to expect adjusted earnings per share for the current financial year to be similar to 2013.

Associated British Foods May Reportedly Buy Tilda

Associated British Foods plc (LSE:ABF) is interested to buy Tilda Ltd., Just Foods reported. AB World Foods Limited owner is examining whether to bid for Tilda. Thakrar family, investment bankers at Rothschild said, the brand is understood to have been put up for sale by its founding shareholders. According to Sky News, Tilda has attracted strong interest from trade buyers and private equity groups. A spokesperson for Associated British Foods declined to comment to Just Foods when contacted on November 27, 2013.

 

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ASBFY

Industry Average

Valuation ASBFY Industry Range
Price/Earnings 38.3x
Price/Sales 1.7x
Price/Book 3.7x
Price/Cash Flow 38.4x
TEV/Sales 1.7x
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