Financials Cranswick plc

Equities

CWK

GB0002318888

Food Processing

Market Closed - London S.E. 09:05:12 26/04/2024 pm IST 5-day change 1st Jan Change
4,290 GBX +1.66% Intraday chart for Cranswick plc +3.87% +12.66%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,338 1,912 1,884 1,902 1,616 2,317 - -
Enterprise Value (EV) 1 1,360 2,005 2,004 2,008 1,717 2,427 2,378 2,337
P/E ratio 19.2 x 23.1 x 20.4 x 18.4 x 14.5 x 18.5 x 18 x 17.1 x
Yield 2.16% 1.65% 1.95% 2.11% 2.63% 2.02% 2.13% 2.25%
Capitalization / Revenue 0.93 x 1.15 x 0.99 x 0.95 x 0.7 x 0.9 x 0.86 x 0.82 x
EV / Revenue 0.95 x 1.2 x 1.06 x 1 x 0.74 x 0.94 x 0.88 x 0.83 x
EV / EBITDA 11.2 x 12.9 x 10.2 x 9.96 x 7.98 x 9.57 x 8.92 x 8.39 x
EV / FCF 160 x 127 x 18.3 x 30.3 x 25.3 x 28.2 x 23.1 x 21.1 x
FCF Yield 0.62% 0.79% 5.46% 3.3% 3.95% 3.55% 4.33% 4.73%
Price to Book 2.5 x 3.11 x 2.74 x 2.47 x 1.92 x 2.49 x 2.32 x 2.16 x
Nbr of stocks (in thousands) 51,645 52,204 52,610 53,050 53,611 54,019 - -
Reference price 2 25.90 36.62 35.82 35.86 30.14 42.90 42.90 42.90
Announcement Date 21/05/19 23/06/20 18/05/21 24/05/22 23/05/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,437 1,667 1,898 2,008 2,323 2,588 2,703 2,818
EBITDA 1 121.2 155.3 196.7 201.7 215.3 253.5 266.7 278.5
EBIT 1 92.3 105.1 132.5 140.6 146.5 181.2 190.2 199.4
Operating Margin 6.42% 6.3% 6.98% 7% 6.31% 7% 7.04% 7.08%
Earnings before Tax (EBT) 1 86.5 104 114.8 129.9 139.5 168.1 175.4 185.2
Net income 1 69.6 82.7 92.5 103.5 111.4 122.7 128.9 135.1
Net margin 4.84% 4.96% 4.87% 5.15% 4.8% 4.74% 4.77% 4.79%
EPS 2 1.349 1.586 1.756 1.948 2.078 2.324 2.387 2.506
Free Cash Flow 1 8.5 15.8 109.5 66.3 67.9 86.03 103 110.6
FCF margin 0.59% 0.95% 5.77% 3.3% 2.92% 3.32% 3.81% 3.93%
FCF Conversion (EBITDA) 7.01% 10.17% 55.67% 32.87% 31.54% 33.94% 38.6% 39.72%
FCF Conversion (Net income) 12.21% 19.11% 118.38% 64.06% 60.95% 70.12% 79.85% 81.9%
Dividend per Share 2 0.5590 0.6040 0.7000 0.7560 0.7940 0.8655 0.9118 0.9664
Announcement Date 21/05/19 23/06/20 18/05/21 24/05/22 23/05/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2023 S1 2023 S2 2024 S1
Net sales 1 770 931.6 993.1 1,116 1,207 1,254
EBITDA - - - - - -
EBIT 1 47.4 62 - 68.4 78.1 85.5
Operating Margin 6.16% 6.66% - 6.13% 6.47% 6.82%
Earnings before Tax (EBT) - - - 61.5 78 -
Net income - - - 49.1 62.3 -
Net margin - - - 4.4% 5.16% -
EPS - - - 0.9180 1.160 -
Dividend per Share 2 0.1670 - 0.2000 - - 0.2270
Announcement Date 26/11/19 24/11/20 23/11/21 22/11/22 23/05/23 21/11/23
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22.8 93 120 106 101 109 60.6 19.1
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.1881 x 0.5988 x 0.6085 x 0.5255 x 0.471 x 0.4303 x 0.2273 x 0.0686 x
Free Cash Flow 1 8.5 15.8 110 66.3 67.9 86 103 111
ROE (net income / shareholders' equity) 13.7% 14.4% 14.2% 14.2% 13.8% 14.1% 13.4% 13%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 10.40 11.80 13.10 14.50 15.70 17.20 18.50 19.90
Cash Flow per Share 2 1.700 2.240 3.460 3.010 2.860 3.950 4.170 4.290
Capex 1 79.2 101 71.9 93.7 85.1 101 103 105
Capex / Sales 5.51% 6.07% 3.79% 4.67% 3.66% 3.9% 3.79% 3.71%
Announcement Date 21/05/19 23/06/20 18/05/21 24/05/22 23/05/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
42.9 GBP
Average target price
45.7 GBP
Spread / Average Target
+6.53%
Consensus

Quarterly revenue - Rate of surprise

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