Associated British Foods PLC

Associated British Foods is an international food, ingredients and retail group. Co. operates in five segments: Grocery, which manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, and meat products; Sugar, which grows and processes sugar beet and sugar cane for sale to industrial users; Agriculture, which manufactures animal feeds and provides other products and services for the agriculture sector; Ingredients, which manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialities; and Retail, which buys and merchandises value clothing and accessories.
  • TickerABF
  • ISINGB0006731235
  • ExchangeLondon Stock Exchange
  • SectorFood Producers
  • CountryUnited Kingdom

Analysts

Venkatraman Varun

Associated British Foods

Associated British Foods

Associated British Foods

Associated British Foods

Ioannis Pontikis

Morningstar | In Line 3Q Trading Update for Associated British Foods With Primark Gaining Share in the UK

Associated British Foods reported results for the 40 weeks to June 22, with group revenue up 3% (up 2% at actual exchange rates), broadly in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share, significantly lower AB Sugar profit (largely reflected in the first half), and strong Primark space growth. We maintain our no-moat rating and GBX 2,660 fair value estimate. Primark's outperformance (a significant increase in market share across the United Kingdom) continued with sales up 4% (at constant and actual ex...

Ioannis Pontikis

Morningstar | In Line 3Q Trading Update for Associated British Foods With Primark Gaining Share in the UK

Associated British Foods reported results for the 40 weeks to June 22, with group revenue up 3% (up 2% at actual exchange rates), broadly in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share, significantly lower AB Sugar profit (largely reflected in the first half), and strong Primark space growth. We maintain our no-moat rating and GBX 2,660 fair value estimate. Primark's outperformance (a significant increase in market share across the United Kingdom) continued with sales up 4% (at constant and actual ex...

Ioannis Pontikis

In Line 3Q Trading Update for Associated British Foods With Primark Gaining Share in the UK

Associated British Foods reported results for the 40 weeks to June 22, with group revenue up 3% (up 2% at actual exchange rates), broadly in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share, significantly lower AB Sugar profit (largely reflected in the first half), and strong Primark space growth. We maintain our no-moat rating and GBX 2,660 fair value estimate. Primark's outperformance (a significant increa...

Ioannis Pontikis

In-Line Pre-Close 2019 Interim Results for Associated British Foods; Shares Cheap

In Associated British Foods' pre-close interim results update for the 24 weeks to March 2, both top-line and bottom-line growth across the businesses of the group were in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share. We maintain our no-moat rating and GBX 2,660 fair value estimate. Primark's outperformance continues, with the company expecting sales up 4% (at both constant and actual exchange rates) driv...

Associated British Foods

Associated British Foods

1 director maiden bought

A director at Associated British Foods maiden bought 3,000 shares at 2,250p and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The...

Venkatraman Varun

Associated British Foods

Associated British Foods

Associated British Foods

Associated British Foods

ASSOCIATED BRIT.FDS.PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ASSOCIATED BRIT.FDS.PLC. (GB), a company active in the Food Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 26, 2019, the closing price was GBp 2,370.00 and its potential was estimated at GBp 2,561.30.

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Associated Bristish Food – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Associated British Foods - 2018, December 07th

Item 2: Approve the Remuneration Report The structure is not acceptable as the STI and LTI are equally weighted. Though 25% of the bonus is deferred, it is not subject to further performance conditions and is only held for one year. Additionally, alignment with performance has not been definitively demonstrated, as no bonus targets are disclosed. Finally, awarded amounts are high in relation to index and sector comparisons. Item 4: Re-elect as a director, Emma Adamo. The director is not independent as she is a member of the Weston family. The Garfield Weston Foundation controls Wittington I...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 08/12/2017

Item 2: Approve the Remuneration Report. The disclosure of the remuneration package is poor and alignment with performance has not been definitively demonstrated, as no bonus targets are disclosed.  The structure is not weighted more heavily towards short-term performance; the STI and LTI are equally weighted though 25% of the bonus is deferred.  Finally, awarded amounts are high in relation to index and sector comparisons. Item 4: Re-elect as a director, Emma Adamo. The director is affiliated due to a material business relationship with a significant shareholder.  In particular, she serves as...

Jérôme VINERIER

Short term view - ASSOCIATED BRITISH FOODS PLC : The trend is uncertain.

The trend is uncertain. Stochastics are at the overbought level. prices could fall again to 2,191.50 p.

Jérôme VINERIER

Analyse court terme - ASSOCIATED BRITISH FOODS PLC : La tendance est incertaine.

La tendance est incertaine. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 2 191,50 p.

Matthieu DRIOL

Analyse court terme - ASSOCIATED BRITISH FOODS PLC : Le rebond gagne en vigueur.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 2 400,00 p et que les prix baissent à nouveau vers 2 043,00 p. La tendance de fond serait remise en cause en cas de franchissement de 2 483,00 p.

Matthieu DRIOL

Short term view - ASSOCIATED BRITISH FOODS PLC : The bounce is gaining strength.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at 2,400.00 p and prices would fall again toward 2,043.00 p. The background trend would be questioned should prices rise above 2,483.00 p.

Matthieu DRIOL

Medium term view - ASSOCIATED BRITISH FOODS PLC : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at 1,857.00 p, then 1,688.00 p. Passing 2,894.00 p would question the continuation of the fall.

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