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Premier Foods(PFD)

Sector:

Food Producers & Processors

Index:

FTSE 250

Market Cap

£616.56m

Change Today

Price Up0.25p

Share Price

73.00p

Premier Foods Overview

With origins in canned foods, Premier Foods began to take shape in the 1980s, though the group really took off when it became part of the US buyout firm Hicks, Muse, Tate & Furst. Floated in July 2004, the food manufacturer is known for a number of brands such as Branston, Lloyd Grossman sauces, and Typhoo tea.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 8.9% 9.6%
Div Cover -0.7 2.5
Op Mrgn 3.4% 8.1%
ROCE 23.3%  

Valuation

Latest F'cast
P/E n/a 4.2
PEG n/a n/a
Pr/Revenue 0.3 0.2
Pr/Book 0.4  

Growth

Latest F'cast
Revenue 167.3% 19.1%
PBT n/a n/a
EPS n/a n/a
DPS -13.9% 7.4%

Premier Foods Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a870.60 a(0.30) 7.58p n/a n/a n/a n/a 0.0%
31-Dec-04 744.70 2.30 16.73p 12.8 0.1 +121% 7.10p 3.3%
31-Dec-05 789.70 51.80 11.90p 19.8 n/a -29% 11.25p 4.8%
31-Dec-06 840.70 59.00 12.90p 23.4 2.9 +8% 7.55p 2.5%
31-Dec-07 2,247.60 (73.50) (4.60)p n/a n/a n/a 6.50p 3.2%

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

Premier Foods Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 2,677.83 218.24 17.21p 4.2 n/a n/a 6.98p 9.6%
31-Dec-09 2,733.88 256.28 20.55p 3.5 0.2 +19% 7.64p 10.5%

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

Premier Foods Company Announcements

Director/PDMR Shareholding 07-Jul-2008 16:39 RNS
Directorate Change 30-Jun-2008 16:44 RNS
Director/PDMR Shareholding 30-Jun-2008 15:50 RNS

Premier Foods ShareCast News

Broker tips: Northern Foods, Persimmon, Redrow, ... 10-Jun-2008 ShareCast
Broker snap: Input costs to hurt Northern Foods 10-Jun-2008 ShareCast
Wednesday tips round-up: Enterprise Inns, Serco,... 14-May-2008 ShareCast

Premier Foods Top Newspaper Links

Premier to rebrand Hovis 14-May-2008 Telegraph
Hovis chases its slice of your shopping basket 14-May-2008 Times
The week ahead - City looks for BA to escape T5 ... 12-May-2008 The Scotsman

Latest Premier Foods Director Deals

Traded Action Notifier PriceAmountValue
04-Jul-08 Buy Dividends Paul Thomas 69.50p 744 £517.08
04-Jul-08 Buy Dividends Robert Schofield 69.50p 1,021 £709.59
27-Jun-08 Buy Bob Spooner 95.50p 10,000 £9,550.00

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.

 

Premier Foods Market Data

Currency UK Pounds
Share Price 73.00p Price Up
Change Today +0.25p
52 Week High 270.00p
52 Week Low 72.50p
Volume 29,215
Shares Issued 844.60m
Market Cap £616.56m
Beta 0.96
RiskGrade 302

Premier Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.51% above the market average88.51% above the market average88.51% above the market average88.51% above the market average88.51% above the market average
86.96% above the sector average86.96% above the sector average86.96% above the sector average86.96% above the sector average86.96% above the sector average
Price Trend
87.15% below the market average87.15% below the market average87.15% below the market average87.15% below the market average87.15% below the market average
96% below the sector average96% below the sector average96% below the sector average96% below the sector average96% below the sector average
Income
67.40% above the market average67.40% above the market average67.40% above the market average67.40% above the market average67.40% above the market average
87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average
Growth
51.57% above the market average51.57% above the market average51.57% above the market average51.57% above the market average51.57% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 4
Sell 0
Strong Sell 1
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Premier Foods Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jun-08 21-Nov-07
Paid 04-Jul-08 04-Jan-08
Amount 2.20p 4.30p

Trades for 09-Jul-2008

Time Volume / Share Price
08:17 600 @ 73.00p
08:11 400 @ 73.25p
08:11 473 @ 73.19p
08:11 87 @ 73.25p
08:11 922 @ 73.25p

Premier Foods Key Personnel

CEO Robert Schofield
CFO Paul Thomas

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