Finsbury Food Group EBITDA Margin decreased on 7.7 pp from 7.7% to in 2020
21 Sep 2020 • About Finsbury Food Group (
$FIF) • By InTwits
Finsbury Food Group reported FY2020 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Finsbury Food Group's Revenue decreased on 2.8%.
Net Income margin decreased on 3.2 pp from 2.9% to -0.25% in FY2020.
Financial and operational results
FY ended 30 Jun 2020
Finsbury Food Group ($FIF) key annual financial indicators| mln. £ | 2016 | 2017 | 2018 | 2019 | 2020 | 2020/2019 |
|---|
P&L
|
|---|
| Revenue | 319.7 | 314.3 | 303.6 | 315.3 | 306.3 | -2.8% |
| Gross Profit | 102.6 | 97.8 | 92.1 | 95.4 | | |
| SG&A | 89.8 | 84.2 | 86.9 | 80.1 | | |
| EBITDA | 20.1 | 22.4 | 13.3 | 24.2 | | |
| Net Income | 7.8 | 9.0 | 2.2 | 9.3 | -0.8 | -108.2% |
Balance Sheet
|
|---|
| Cash | 3.0 | 3.0 | 9.4 | 12.4 | | |
| Short Term Debt | 13.8 | 14.6 | 24.7 | 0.3 | | |
| Long Term Debt | 8.7 | 5.8 | 0.0 | 47.4 | | |
Cash flow
|
|---|
| Capex | 12.1 | 12.5 | 12.6 | 11.0 | | |
Ratios
|
|---|
| Revenue growth | 24.8% | -1.7% | -3.4% | 3.8% | -2.8% | |
| EBITDA growth | 10.3% | 11.5% | -40.9% | 82.2% | | |
|
|---|
| Gross Margin | 32.1% | 31.1% | 30.3% | 30.3% | | |
| EBITDA Margin | 6.3% | 7.1% | 4.4% | 7.7% | |
| SG&A, % of revenue | 28.1% | 26.8% | 28.6% | 25.4% | | |
| Net Income Margin | 2.4% | 2.9% | 0.7% | 2.9% | -0.2% | -3.2% |
| CAPEX, % of revenue | 3.8% | 4.0% | 4.2% | 3.5% | | |
|
|---|
| ROIC | 10.3% | 12.2% | 4.4% | 10.9% | | |
| ROE | 7.8% | 8.9% | 2.1% | 8.8% | | |
| Net Debt/EBITDA | 1.0x | 0.8x | 1.2x | 1.5x | |
Peers in Food Producers
Below we provide Finsbury Food Group benchmarking against other companies in Food Producers industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Cherkizovo Group OJSC ($CHE) | 7.0% | 9.8% | 11.0% | 19.6% | - |
| Zambeef Products ($ZAM) | 52.8% | 2.5% | 14.2% | 12.7% | - |
| Kerry Group ($KYGA) | 0.4% | 4.5% | 3.1% | 9.6% | - |
| Wynnstay Group ($WYN) | -2.4% | 6.1% | 18.4% | 6.0% | - |
| Unilever ($ULVR) | -1.0% | 1.9% | -5.1% | 2.0% | - |
| |
|---|
| Median (6 companies) | 0.5% | 7.1% | 6.5% | 7.8% | - |
|---|
| Finsbury Food Group ($FIF) | - | -1.7% | -3.4% | 3.8% | -2.8% |
Top companies by Gross margin, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Zambeef Products ($ZAM) | 36.3% | 32.9% | 35.0% | 34.2% | - |
| Tongaat Hulett Ltd ($THL) | 19.9% | 22.9% | 20.6% | 27.1% | - |
| Cherkizovo Group OJSC ($CHE) | 21.7% | 26.0% | 25.0% | 24.3% | - |
| Wynnstay Group ($WYN) | 15.6% | 13.5% | 13.3% | 12.6% | - |
| |
|---|
| Median (4 companies) | 26.6% | 25.2% | 19.9% | 25.7% | - |
|---|
| Finsbury Food Group ($FIF) | 32.1% | 31.1% | 30.3% | 30.3% | - |
Top companies by EBITDA margin, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Unilever ($ULVR) | 18.0% | 19.8% | 28.1% | 20.6% | - |
| Cherkizovo Group OJSC ($CHE) | 12.0% | 16.7% | 21.6% | 15.1% | - |
| Tongaat Hulett Ltd ($THL) | 17.5% | 19.3% | 17.5% | 10.9% | - |
| Zambeef Products ($ZAM) | 9.7% | 5.3% | 8.1% | 9.0% | - |
| Wynnstay Group ($WYN) | 2.8% | 2.6% | 2.7% | 2.2% | - |
| |
|---|
| Median (5 companies) | 10.3% | 13.0% | 6.6% | 10.9% | - |
|---|
| Finsbury Food Group ($FIF) | 6.3% | 7.1% | 4.4% | 7.7% | - |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Cherkizovo Group OJSC ($CHE) | 10.4% | 10.9% | 9.1% | 6.7% | - |
| Tongaat Hulett Ltd ($THL) | 10.9% | 6.0% | 12.1% | 6.4% | - |
| Zambeef Products ($ZAM) | 2.1% | 6.4% | 5.4% | 3.6% | - |
| Unilever ($ULVR) | 3.4% | 2.8% | 2.6% | 2.7% | - |
| Wynnstay Group ($WYN) | 0.7% | 0.5% | 0.5% | 0.5% | - |
| |
|---|
| Median (5 companies) | 3.7% | 4.7% | 3.5% | 3.6% | - |
|---|
| Finsbury Food Group ($FIF) | 3.8% | 4.0% | 4.2% | 3.5% | - |
Top companies by ROIC, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Unilever ($ULVR) | 24.3% | 24.6% | 31.6% | 20.7% | - |
| Tongaat Hulett Ltd ($THL) | 6.9% | 9.8% | 8.3% | 11.4% | - |
| Cherkizovo Group OJSC ($CHE) | 5.6% | 10.2% | 13.3% | 8.0% | - |
| Wynnstay Group ($WYN) | 8.0% | 8.3% | 9.9% | 7.3% | - |
| Zambeef Products ($ZAM) | 7.8% | 2.9% | 3.5% | 4.2% | - |
| |
|---|
| Median (6 companies) | 8.0% | 8.3% | 9.2% | 8.0% | - |
|---|
| Finsbury Food Group ($FIF) | 10.3% | 12.2% | 4.4% | 10.9% | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Tongaat Hulett Ltd ($THL) | 2.1x | 1.5x | 2.3x | 5.6x | - |
| Cherkizovo Group OJSC ($CHE) | 3.8x | 3.2x | 2.7x | 3.4x | - |
| Zambeef Products ($ZAM) | 2.1x | 4.0x | 2.0x | 2.7x | - |
| Unilever ($ULVR) | 1.4x | 2.0x | 1.5x | 2.3x | - |
| Wynnstay Group ($WYN) | -0.4x | -0.4x | 0.1x | -0.3x | - |
| |
|---|
| Median (5 companies) | 1.6x | 1.9x | 1.5x | 2.7x | - |
|---|
| Finsbury Food Group ($FIF) | 1.0x | 0.8x | 1.2x | 1.5x | - |
