Last 604.50 GBp
Change Today +8.00 / 1.34%
Volume 330.8K
TATE On Other Exchanges
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As of 9:27 AM 12/29/14 All times are local (Market data is delayed by at least 15 minutes).

tate & lyle plc (TATE) Snapshot

Open
607.00 GBp
Previous Close
596.50 GBp
Day High
610.00 GBp
Day Low
604.00 GBp
52 Week High
12/30/13 - 816.00 GBp
52 Week Low
12/16/14 - 551.50 GBp
Market Cap
2.8B
Average Volume 10 Days
2.4M
EPS TTM
0.40 GBp
Shares Outstanding
466.1M
EX-Date
11/20/14
P/E TM
15.3x
Dividend
31.11 GBp
Dividend Yield
5.14%
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 is headquartered in London, the United Kingdom.

4,523 Employees
Last Reported Date: 05/28/14

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 Interim Dividend for the Six Months Ended 30 September 2014; Reports Earnings Results for the Six Months Ended September 30, 2014; Provides Earnings Guidance for the Fiscal Year Ending March 2015

Tate & Lyle plc announced interim dividend for the six months ended 30 September 2014. For the period, the company approved an increase of 5.1% to 8.2 pence per share. The company reported earnings results for the six months ended September 30, 2014. For the period, operating profit was 31% lower at GBP 117 million and diluted earnings per share, 36% lower at 17.3 pence per share. Sales were GBP 1.4 billion, a GBP 357 million lower than the comparative period. The adverse impact of the strength of sterling on foreign exchange rates further reduced sales by GBP 142 million, which were also impacted by SPLENDA Sucralose price erosion and inability to service some demand as a result of the supply chain disruption. Adjusted operating profits of GBP 117 million was GBP 70 million lower than the comparative period. This was driven by the factors of SPLENDA Sucralose pricing erosion, supply chain costs, central costs and adverse exchange translation. The company generated free cash flow of GBP 81 million. EBITDA was GBP 170 million. Capital expenditures were GBP 79 million. Net debt increased by GBP 30 million to GBP 383 million. The company continues to expect group adjusted profit before tax for the full year ending March 2015 to be in the range of GBP 230 million to GBP 245 million. Capital spend is forecast to be approximately GBP 180 million. The company expects full year tax rate to be in line with the first half tax rate of 22%.

Tate & Lyle plc Announces Executive Changes

Tate & Lyle PLC announced that Paul Forman has been appointed as a Non-Executive Director and a member of the Audit, Remuneration and Nominations Committees with effect from 1 January 2015. Paul is Group Chief Executive of Coats plc. Prior to joining Coats in 2009, he was Group Chief Executive of Low & Bonar PLC and was previously Managing Director at Unipart International. The company announced that Liz Airey, currently Chairman of the Audit Committee, will become Senior Independent Director and Anne Minto will assume the chairmanship of the Remuneration Committee with effect from 1 January 2015, after Robert Walker steps down from the Board following the completion of his term of appointment on 31 December 2014. Douglas Hurt will succeed Liz Airey as Chairman of the Audit Committee with effect from 1 March 2015 and will also replace her as a member of the Corporate Responsibility Committee from that date.

Tate & Lyle plc, H1 2015 Earnings Call, Nov 06, 2014

Tate & Lyle plc, H1 2015 Earnings Call, Nov 06, 2014

 

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TATE

Industry Average

Valuation TATE Industry Range
Price/Earnings 14.7x
Price/Sales 0.9x
Price/Book 2.5x
Price/Cash Flow 8.1x
TEV/Sales 0.9x
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