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Tate & Lyle(TATE)

Sector:

Food Producers & Processors

Index:

FTSE 250

Market Cap

£1,807.08m

Change Today

Price Down-12.25p

Share Price

394.25p

Tate & Lyle Overview

Tate & Lyle produces an estimated 4m tonnes of cereal sweeteners and refines over 2m tonnes of sugar each year sold into around 35 countries. It is is a global leader in cereal sweeteners and starches, sugar refining, value added food and industrial ingredients and citric acid. It is world number one in industrial starches and wheat proteins and the sole manufacturer of sucralose sugar substitute, Splenda.

1 Day Chart (04-Jul-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 5.7% 6.0%
Div Cover 1.5 1.7
Op Mrgn 6.3% 7.7%
ROCE 10.9%  

Valuation

Latest F'cast
P/E 11.9 9.9
PEG n/a 0.5
Pr/Revenue 0.5 0.5
Pr/Book 1.9  

Growth

Latest F'cast
Revenue 6.2% -1.0%
PBT -31.6% 51.2%
EPS -13.1% 20.8%
DPS 5.1% 3.8%

Tate & Lyle Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-04 a2,874.00 a224.00 33.90p 8.8 2.9 +3% 18.80p 6.3%
31-Mar-05 3,339.00 205.00 37.70p 14.1 1.3 +11% 19.40p 3.7%
31-Mar-06 3,465.00 14.00 38.40p 14.9 7.4 +2% 20.00p 3.5%
31-Mar-07 3,225.00 253.00 38.10p 15.1 n/a -1% 21.50p 3.7%
31-Mar-08 3,424.00 173.00 33.10p 16.3 n/a -13% 22.60p 4.2%

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

Tate & Lyle Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-09 3,388.90 261.54 39.98p 9.9 0.5 +21% 23.47p 6.0%
31-Mar-10 3,596.63 282.17 43.38p 9.1 1.1 +8% 24.89p 6.3%

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

Tate & Lyle Company Announcements

Blocklisting Interim Review 04-Jul-2008 11:38 BW
Holding(s) in Company 03-Jul-2008 16:30 BW
Holding(s) in Company 03-Jul-2008 09:24 BW

Tate & Lyle ShareCast News

Tate & Lyle sells sugar trading business 02-Jul-2008 ShareCast
Sunday newspaper round-up: HSBC, Barratt Develop... 25-May-2008 ShareCast
London close: Footsie closes in red 22-May-2008 ShareCast

Tate & Lyle Top Newspaper Links

4 face boot 11-Jun-2008 Sun
Tate & Lyle to unload pensions to buyout firm 25-May-2008 Sunday Times
Tate & Lyle chief admits he is under pressure to... 23-May-2008 Telegraph

Latest Tate & Lyle Director Deals

No deals were found in the last 28 days.

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.

 

Tate & Lyle Market Data

Currency UK Pounds
Share Price 394.25p Price Down
Change Today -12.25p
52 Week High 600.00p
52 Week Low 374.25p
Volume 3,808,995
Shares Issued 458.36m
Market Cap £1,807.08m
Beta 0.61
RiskGrade 190

Tate & Lyle Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.62% above the market average8.62% above the market average8.62% above the market average8.62% above the market average8.62% above the market average
26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average
Price Trend
2.52% below the market average2.52% below the market average2.52% below the market average2.52% below the market average2.52% below the market average
10.2% below the sector average10.2% below the sector average10.2% below the sector average10.2% below the sector average10.2% below the sector average
Income
54.75% above the market average54.75% above the market average54.75% above the market average54.75% above the market average54.75% above the market average
54.84% above the sector average54.84% above the sector average54.84% above the sector average54.84% above the sector average54.84% above the sector average
Growth
58.23% below the market average58.23% below the market average58.23% below the market average58.23% below the market average58.23% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 1
Strong Sell 2
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tate & Lyle Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jul-08 05-Dec-07
Paid 31-Jul-08 08-Jan-08
Amount 16.10p 6.50p

Trades for 04-Jul-2008

Time Volume / Share Price
16:40 8,711 @ 396.17p
16:35 147,593 @ 394.25p
16:28 500 @ 393.75p
16:28 15 @ 393.75p
16:28 900 @ 393.75p

Tate & Lyle Key Personnel

CEO Iain Ferguson
COO Stanley Musesengwa

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