Hi, we've made some changes

Associated British Foods(ABF)

Sector:

Food Producers & Processors

Index:

FTSE 100

Market Cap

£5,993m

Change Today

Price Up15.50p

Share Price

757.00p

ABF Overview

Associated British Foods is the Weston family's UK arm. The Westons still own over 50% and through their careful husbandry it now owns a raft of the UK's best-known brand names including Twinings tea, Ovaltine, Primark and British Sugar.

1 Day Chart (08-Jul-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 2.6% 2.8%
Div Cover 2.7 2.7
Op Mrgn 7.5% 8.4%
ROCE 13.9%  

Valuation

Latest F'cast
P/E 14.3 13.7
PEG 3.6 3.3
Pr/Revenue 0.9 0.8
Pr/Book 1.3  

Growth

Latest F'cast
Revenue 13.4% 10.9%
PBT 21.2% 25.1%
EPS 3.9% 4.2%
DPS 4.0% 6.1%

ABF Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
13-Sep-03 a4,909.00 a448.00 41.30p 13.0 1.9 +7% 14.60p 2.7%
18-Sep-04 a5,165.00 a494.00 46.60p 14.1 1.1 +13% 16.40p 2.5%
17-Sep-05 5,622.00 527.00 48.00p 17.3 5.8 +3% 18.00p 2.2%
16-Sep-06 5,996.00 419.00 50.90p 16.4 2.7 +6% 18.75p 2.2%
15-Sep-07 6,800.00 508.00 52.90p 15.0 3.7 +4% 19.50p 2.5%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

ABF Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Sep-08 7,544.04 635.35 55.10p 13.7 3.3 +4% 20.68p 2.8%
30-Sep-09 7,951.52 705.54 60.92p 12.4 1.2 +11% 22.16p 3.0%

Covering analysts: ABN AMRO, Bernstein Research, Charles Stanley & Co, Citigroup Investment Research, Credit Suisse, Deutsche Bank Research, Goldman Sachs, Investec Securities, JP Morgan, Merrill Lynch, Mirabaud Securities, Morgan Stanley, Numis Securities, Panmure Gordon, Shore Capital Stockbrokers, UBS

ABF Company Announcements

Director Shareholding 07-Jul-2008 12:20 RNS
Merger of Jordans and Ryvita 02-Jun-2008 09:00 RNS
Interim Report 24-Apr-2008 16:26 RNS

ABF ShareCast News

Wednesday newspaper round-up: Equitable Life, Ta... 09-Jul-2008 ShareCast
London close: Oils and miners depress equities 08-Jul-2008 ShareCast
Tuesday newspaper round-up: BP, AB Foods, Cheyne... 17-Jun-2008 ShareCast

ABF Top Newspaper Links

Primark's Oxford Street store has taken £200m si... 09-Jul-2008 The Independent
Primark faces customer exodus after BBC 'child l... 04-Jul-2008 Telegraph
Primark axes India suppliers in 'T-Shirt City' f... 17-Jun-2008 Telegraph

Latest ABF Director Deals

Traded Action Notifier PriceAmountValue
03-Jul-08 Buy Dividends John Bason 741.00p 111 £822.51
23-Apr-08 Exercise of option George G Weston 561.50p 15,000 £84,225.00

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

ABF Market Data

Currency UK Pounds
Share Price 757.00p Price Up
Change Today +15.50p
52 Week High 925.00p
52 Week Low 734.50p
Volume 0
Shares Issued 791.67m
Market Cap £5,993m
Beta 0.70
RiskGrade 117

ABF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.34% below the market average94.34% below the market average94.34% below the market average94.34% below the market average94.34% below the market average
86.96% below the sector average86.96% below the sector average86.96% below the sector average86.96% below the sector average86.96% below the sector average
Price Trend
32.62% above the market average32.62% above the market average32.62% above the market average32.62% above the market average32.62% above the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average
Income
46.87% below the market average46.87% below the market average46.87% below the market average46.87% below the market average46.87% below the market average
16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average
Growth
68.43% below the market average68.43% below the market average68.43% below the market average68.43% below the market average68.43% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 6
Sell 1
Strong Sell 2
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ABF Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jun-08 05-Dec-07
Paid 03-Jul-08 11-Jan-08
Amount 6.75p 13.00p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

ABF Key Personnel

CEO George G Weston
Finance Director John Bason

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).