Details for (TATE) / Market data / Selftrade

TATE & LYLE

(TATE GB0008754136 GBX)

Value 657.500

Change Today +1.00

Updated21/05 08:44

TRADE NOW

WATCHLIST

REG INV

ALERTS

PROFILE

Registered Number	76535
Registered Address	Sugar Quay Lower Thames Street London EC3R 6DQ
Phone Number	+44 (0) 207 6266525
Fax Number
Website	http://www.tate-lyle.co.uk
Activities	Manufactures sugar sugar-by-products specialty food ingredients and bulk ingredients products
Country of Register	GB
Currency	GBX
Short Name	TATE & LYLE
First Day Traded	20/12/2004
Industrial Sector	Food Products
Number of shares	468m

Key People

Peter Gershon	Chairman
Javed Ahmed	Chief Executive Officer
Richard Delbridge	Non Executive Director
Robert Walker	Non Executive Director
Tim Lodge	Financial Director
Evert Henkes	Non Executive Director
Bill Camp	Non Executive Director
Douglas Hurt	Non Executive Director
Elisabeth Airey	Non Executive Director
Barry Zoumas	Non Executive Director

Major Shareholders

Invesco Asset Management Ltd.	14.03%
Schroder Investment Management Ltd.	5.06%

Director Deals

Director	Date	Buy/Sell	Quantity	Price
You need to be a Selfrade customer to access this data. Find out more >

Director

Date

Buy/Sell

Quantity

Price

You need to be a Selfrade customer to access this data.

Find out more >

Income Statements £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Sales/Revenue	3,814	3,424	3,553	3,506	2,720
Cost of Goods Sold (COGS) incl. D&A	2,694	2,422	2,434	2,395	1,780
COGS excluding D&A	2,588	2,307	2,302	2,259	1,671
Depreciation & Amortization Expense	106	115	132	136	109
Depreciation	93	100	112	116	91
Amortization of Intangibles	13	15	20	20	18
Amortization of Deferred Charges	0	0	0	0	0
Gross Income	1,120	1,002	1,119	1,111	940
Selling, General & Administrative Expense	0	0	0	0	0
Research & Development	22	29	28	26	25
Other Selling, General & Administrative	0	0	0	0	0
Other Operating Expense	792	719	859	840	621
Non Operating Income/Expense	20	21	24	1	3
Non-Operating Interest Income	49	34	27	5	3
Equity in Affiliates (Pretax)	0	0	0	0	0
EBIT	0	0	0	0	0
Unusual Expense	13	86	125	283	34
EBIT after Unusual Expense	0	0	0	0	-34
Interest Expense	89	79	73	55	46
Gross Interest Expense	96	87	84	57	46
Interest Capitalized	7	8	11	2	0
Pretax Income	295	173	113	-61	245
Income Tax	105	76	19	-84	49
Income Tax - Current Domestic	-24	-4	0	-17	-10
Income Tax - Current Foreign	107	87	56	-67	3
Income Tax - Deferred Domestic	22	-7	-37	0	56
Income Tax - Deferred Foreign	0	0	0	0	0
Income Tax Credits	0	0	0	0	0
Minority Interest Expense	3	-7	5	4	0
Equity in Affiliates	0	0	0	0	0
Other After Tax Income (Expense)	0	0	0	0	0
Net Income	187	104	89	19	196
Extraordinaries & Discontinued Operations	27	90	-46	-4	-29
Extra Items & Gain/Loss Sale Of Assets	27	0	-22	0	-43
Cumulative Effect - Accounting Chg	0	0	0	0	0
Discontinued Operations	0	90	-24	-4	14
Net Income After Extraordinaries	214	194	43	15	167
Preferred Dividends	0	0	0	0	0
Net Income available to Common	187	104	89	19	196
Operational EPS	39.94	34.18	38.39	47.27	46.89
EPS (basic)	38.70	40.90	14.20	3.30	45.50
EPS (diluted)	38.09	21.65	19.36	4.14	41.81
EBITDA	434	398	392	407	428
EBIT	0	0	0	0	0
+Depreciation & Amortization Expense	106	115	132	136	109

Balance Sheet £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Cash & Short Term Investments	291	440	647	654	789
Cash Only	189	165	434	504	153
Short-Term Investments	102	275	213	150	636
Total Accounts Receivable	578	630	689	400	298
Accounts Receivables, Net	477	474	543	305	244
Accounts Receivables, Gross	486	483	564	329	263
Bad Debt/Doubtful Accounts	-9	-9	-21	-24	-19
Other Receivables	101	156	146	95	54
Inventories	503	562	538	409	454
Finished Goods	248	254	287	188	150
Work in Progress	26	21	24	19	16
Raw Materials	229	287	227	202	288
Progress Payments & Other	0	0	0	0	0
Other Current Assets	108	63	68	46	18
Prepaid Expenses	0	0	0	0	0
Miscellaneous Current Assets	108	63	68	46	18
Total Current Assets	1,480	1,695	1,942	1,509	1,559
Net Property, Plant & Equipment	1,217	1,196	1,548	1,208	855
Property, Plant & Equipment - Gross	3,043	2,503	3,330	3,272	2,404
Buildings	546	466	591	578	433
Land & Improvements	0	0	0	0	0
Machinery & Equipment	2,209	1,815	2,394	2,349	1,893
Construction in Progress	288	222	345	345	78
Leases	0	0	0	0	0
Computer Software and Equipment	0	0	0	0	0
Leased Property	0	0	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	0	0	0	0	0
Accumulated Depreciation	1,826	1,307	1,782	2,064	1,549
Buildings	285	219	288	292	221
Land & Improvements	0	0	0	0	0
Machinery & Equipment	1,541	1,088	1,493	1,564	1,328
Construction in Progress	0	0	1	208	0
Leases	0	0	0	0	0
Computer Software and Equipment	0	0	0	0	0
Leased Property	0	0	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	0	0	0	0	0
Total Investments and Advances	61	58	53	70	72
LT Investment - Affiliate Companies	7	7	8	7	5
Other Long-Term Investments	54	51	45	63	67
Long-Term Note Receivable	64	11	4	2	1
Intangible Assets	232	320	374	340	320
Net Goodwill	159	194	240	230	222
Net Other Intangibles	73	126	134	110	98
Other Assets	0	53	48	16	170
Deferred Charges	0	53	48	16	103
Tangible Other Assets	0	0	0	0	67
Total Assets	3,062	3,334	3,999	3,288	3,051
ST Debt & Curr. Portion LT Debt	271	360	523	190	227
Short Term Debt	267	355	519	187	222
Current Portion of Long Term Debt	4	5	4	3	5
Accounts Payable	263	258	295	302	245
Income Tax Payable	47	35	77	52	33
Other Current Liabilities	352	551	537	334	331
Dividends Payable	0	0	0	0	0
Accrued Payroll	0	0	0	0	0
Miscellaneous Current Liabilities	352	551	537	334	331
Total Current Liabilities	933	1,204	1,432	878	836
Long-Term Debt	840	856	1,127	1,117	885
Long-Term Debt excl. Capitalized Leases	819	836	1,102	1,095	867
Non-Convertible Debt	819	836	1,102	1,095	867
Convertible Debt	0	0	0	0	0
Capitalized Lease Obligations	21	20	25	22	18
Provision for Risks & Charges	182	158	279	310	263
Deferred Taxes	77	106	48	-84	-44
Deferred Taxes - Credit	85	107	78	59	30
Deferred Taxes - Debit	-8	-1	-30	-143	-74
Accumulated Minority Interest	35	16	26	27	23
Other Liabilities	25	57	59	68	62
Deferred Tax Liability-Untaxed Reserves	0	0	0	0	0
Other Liabilities (excl. Deferred Income)	24	30	57	68	61
Deferred Income	1	27	2	0	1
Total Liabilities	2,065	2,382	2,975	2,432	2,076
Non-Equity Reserves	0	0	9	0	0
Preferred Stock (Carrying Value)	2	2	2	2	2
Redeemable Preferred Stock	0	0	0	0	0
Non-Redeemable Preferred Stock	2	2	2	2	2
Preferred Stock issues for ESOP	0	0	0	0	0
ESOP Guarantees - Preferred Stock	0	0	0	0	0
Common Equity (total)	960	934	987	827	950
Common Stock Par/Carry Value	122	114	115	115	117
Additional Paid-In Capital/Capital Surplus	403	404	404	405	406
Retained Earnings	402	317	241	79	244
ESOP Debt Guarantee	-17	0	0	0	0
Cumulative Translation Adjustment/Unrealized For. Exch. Gain	-54	-7	100	111	65
Unrealized Gain/Loss Marketable Securities	0	0	0	0	0
Revaluation Reserves	0	0	0	0	0
Other Appropriated Reserves	104	106	127	117	118
Unappropriated Reserves	0	0	0	0	0
Treasury Stock	0	0	0	0	0
Total Shareholders' Equity	962	936	989	829	952
Liabilities & Shareholders' Equity	3,062	3,334	3,999	3,288	3,051

Cash Flow £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Net Income before Extraordinaries	295	173	113	-61	245
Depreciation, Depletion & Amortization	106	115	132	136	109
Depreciation and Depletion	93	100	112	116	91
Amortization of Intangible Assets	13	15	20	20	18
Deferred Taxes & Investment Tax Credit	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Investment Tax Credit	0	0	0	0	0
Other Funds	-70	35	242	224	-74
Funds from Operations	331	323	487	299	280
Extraordinaries	0	0	0	0	0
Changes in Working Capital	-71	-270	31	291	-32
Receivables	-78	-64	-42	126	1
Inventories	-76	-59	24	113	-121
Accounts Payable	50	89	34	84	88
Income Taxes Payable	0	0	0	0	0
Other Accruals	0	0	0	0	0
Other Assets/Liabilities	33	-236	15	-32	0
Net Operating Cash Flow	260	53	518	590	248
Capital Expenditures	257	271	231	84	70
Capital Expenditures (Fixed Assets)	251	264	224	79	58
Capital Expenditures (Other Assets)	6	7	7	5	12
Net Assets from Acquisitions	-3	-75	-1	-47	0
Sale of Fixed Assets & Businesses	8	348	58	0	317
Purchase/Sale of Investments	-4	42	3	-3	-5
Purchase of Investments	-4	-4	-6	-3	-5
Sale/Maturity of Investments	0	46	9	0	0
Other Uses	0	0	0	0	-123
Other Sources	0	0	0	0	0
Net Investing Cash Flow	-256	44	-171	-134	119
Cash Dividends Paid - Total	-98	-105	-104	-103	-70
Common Dividends	-98	-105	-104	-103	-70
Preferred Dividends	0	0	0	0	0
Change in Capital Stock	16	-151	3	-4	2
Repurchase of Common & Preferred Stk.	0	-159	0	-6	0
Sale of Common & Preferred Stock	16	8	3	2	2
Proceeds from Stock Options	16	8	2	2	2
Other Proceeds from Sale of Stock	0	0	1	0	0
Issuance/Reduction of Debt, Net	111	128	-16	-267	-131
Change in Current Debt	0	0	0	0	0
Change in Long-Term Debt	111	128	-16	-267	-131
Issuance of Long-Term Debt	416	152	1	198	0
Reduction in Long-Term Debt	-305	-24	-17	-465	-131
Other Funds	0	-1	-1	-2	0
Other Uses	0	-1	-1	-2	0
Other Sources	0	0	0	0	0
Net Financing Cash Flow	29	-129	-118	-376	-199
Exchange Rate Effect	-2	8	40	-10	-18
Miscellaneous Funds	0	0	0	0	0
Net Change in Cash	31	-24	269	70	150
Free Cash Flow	-89	-316	190	408	120

Analysis Data

	2007	2008	2009	2010	2011
Fiscal Year End	2007-03-31	2008-03-31	2009-03-31	2010-03-31	2011-03-31
Valuation
Market Capitalisation	2,816.49	2,468.64	1,194.87	2,089.61	2,702.33
Price/Earnings	14.86	13.20	18.35	137.64	12.69
Price/Sales	0.73	0.75	0.33	0.59	0.98
Price/Book Value	2.93	2.64	1.21	2.53	2.84
Price/Cash Flow	10.86	48.95	2.31	3.54	10.92
Enterprise Value/EBIT	11.22	11.97	8.57	10.21	9.58
Enterprise Value/EBITDA	8.48	8.51	5.69	6.80	7.14
Enterprise Value/Sales	0.96	0.99	0.63	0.79	1.12
Total Debt/Enterprise Value	0.30	0.36	0.74	0.47	0.36
Total Debt/EBITDA	2.56	3.06	4.21	3.21	2.60
EPS (basic)	38.70	40.90	14.20	3.30	45.50
EPS (diluted) as stated	38.09	21.65	19.36	4.14	41.81
Profitability
Gross Margin (%)	29.37	29.26	31.49	31.69	34.56
Operating Margin (%)	8.60	8.27	7.32	7.73	11.73
Pretax Margin (%)	7.73	5.05	3.18	-1.74	9.01
Net Margin (%)	4.90	3.04	2.50	0.54	7.21
Return on Assets (%)	6.23	3.25	2.43	0.52	6.18
Return on Equity (%)	20.01	10.96	9.25	2.09	22.01
Return on Avg. Total Capital (%)	9.34	4.92	3.72	0.80	9.33
Return on Avg. Invested Capital (%)	11.53	5.79	4.55	0.94	10.36
Efficiency
Revenue/Employee	0.41	0.53	0.62	0.62	0.62
Receivables Turnover	7.18	5.67	5.39	6.44	7.79
Days of Sales Outstanding (DSO) (%)	50.82	64.39	67.75	56.69	46.83
Inventory Turnover	5.62	4.55	4.43	5.06	4.13
Days of Inventory on Hand (DIO)	64.97	80.25	82.48	72.16	88.48
Total Asset Turnover	1.27	1.07	0.97	0.96	0.86
Working Capital Turnover	6.97	6.97	6.97	5.56	3.76
Liquidity
Current Ratio	1.59	1.41	1.36	1.72	1.86
Quick Ratio	1.05	0.94	0.98	1.25	1.32
Capital Structure
Debt-to-Total Equity (%)	115.49	129.91	166.84	157.66	116.81
Debt-to-Total Capital (%)	53.59	56.51	62.52	61.19	53.88
Debt-to-Total Assets (%)	36.28	36.47	41.26	39.75	36.45
Interest Coverage	3.42	3.25	3.10	4.75	6.93

Market data

Name	Latest	Var
FTSE 100	5,289.61	+0.42%
FTSE 250	10,459.68	+0.27%
DOW INDUSTRIALS	12,369.38(c)	-0.59%
HONG KONG HANG SENG INDIC	18,941.06	-0.06%
Nikkei 225	8,633.89(c)	+0.26%

Name	Latest	Var
MAN GROUP	79.80	+5.98%
VEDANTA	988.00	+3.08%
ROYAL BANK SCOT	20.36	+1.85%
GKN	185.60	+1.70%
IMI	872.00	+1.57%

Name	Latest	Var
POLYMETAL INTL	790.00	-1.13%
LAND SECS.	711.00	-0.91%
BR.LAND	486.10	-0.53%
RANDGOLD RES.	4,869.00	-0.51%
TESCO	312.10	-0.51%

Buys

Name	Latest	Var
AVIVA	264.90(c)	-1.05%
RED EMPEROR RES	14.88(c)	-17.36%
LLOYDS GRP.	25.95(c)	-6.15%
BP	391.95(c)	-1.18%
VODAFONE GRP.	164.30(c)	-0.96%

Sells

Name	Latest	Var
LLOYDS GRP.	25.95(c)	-6.15%
RED EMPEROR RES	14.88(c)	-17.36%
PV CRYSTALOX	9.45(c)	+121.31%
BARCLAYS	176.10(c)	-3.19%
AVIVA	264.90(c)	-1.05%

Selftrade is a trading name and Selftrade® a registered trademark of Talos Securities Limited, which is authorised and regulated by the Financial Services Authority (FSA Register number 208271) and is a member of the London Stock Exchange and PLUS Markets. Talos Securities Ltd is incorporated in England and Wales (Registration No. 4196325, Registered Address: Boatman's House, 2 Selsdon Way, London E14 9LA). VAT No. 629 2807 22.

Data: include Bondscape, Dow Jones, Factset, FTSE, Morningstar. Conditions may apply.

TATE & LYLE

PROFILE

Key People

Major Shareholders

Director Deals

Income Statements £1K

Balance Sheet £1K

Cash Flow £1K

Analysis Data

Help

FTSE 100 chart

Market data

Today's News

Account applications

Dealing account and ISA

CFDs and Spread Betting

Other Investment Accounts and Transfers

Important Information