Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group headquartered in London, United Kingdom. The company operates through five main segments: Retail, Grocery, Ingredients, Sugar and Agriculture, serving consumers and business customers worldwide. Its Retail segment operates the Primark and Penneys chains, offering clothing, footwear, beauty, homeware and accessories with a focus on value-oriented fashion. The Grocery operations produce branded and private-label products such as hot beverages, cereals, bread and baked goods, vegetable oils, sauces, vinegars, sugar and a range of ambient and specialty foods for retail, wholesale and foodservice channels. The Ingredients segment supplies yeast, bakery ingredients, enzymes and specialty functional ingredients used by food, beverage and pharmaceutical manufacturers. Sugar activities encompass growing and processing of sugar beet and sugar cane, while the Agriculture segment provides animal feed, premixes and related services to the farming and livestock industries. Collectively, Associated British Foods plays a significant role in global consumer staples supply chains, particularly in food manufacturing and value fashion retailing.
Operating margin is thin at 8.10%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 3.1% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 41% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
£19.46B
▼ -3.1% YoY
Net Income (TTM)
£1.04B
▼ -29.4% YoY
Op. Margin
8.10%
▼ -1.0pp YoY
ROIC
7.82%
▼ -1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£997M
▼ -41.0% YoY
Op. Cash Flow (TTM)
£1.24B
▼ -44.2% YoY
Net Debt
£2.63B
Cash & Equiv.
£1.06B
3Y CAGR: -0.5%
3Y CAGR: +19.7%
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