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Associated British Foods Plc (UK) (GB:ABF)
:ABF

Associated British Foods (ABF) AI Stock Analysis

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Associated British Foods

(LSE:ABF)

Rating:77Outperform
Price Target:
2,335.00p
â–²(13.51%Upside)
Associated British Foods is well-positioned with a strong financial foundation and consistent profitability. The company's strategic share buybacks enhance shareholder value, while the technical indicators suggest a stable market position. The valuation remains attractive, offering a balanced investment opportunity in the packaged foods industry.
Positive Factors
Negative Factors
Macroeconomic Challenges
Primark is most exposed to lower-income consumers, who are at risk from the slowdown in disposable spending power, particularly as the UK is its largest market.
Margin Pressure
There is an increased risk of margin pressure from cost headwinds and heightened investments, making Primark most at risk from macroeconomic challenges.
Market Share
Primark’s market share has now fully normalized post-pandemic, and growth is increasingly dependent on volumes, which are already tracking negative.

Associated British Foods (ABF) vs. iShares MSCI United Kingdom ETF (EWC)

Associated British Foods Business Overview & Revenue Model

Company DescriptionAssociated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses. The Sugar segment is involved in growing, processing, and selling sugar beet and sugar cane to industrial users. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer womenswear, menswear, children's wear, footwear, accessories, homeware, and skincare products. The company was founded in 1935 and is headquartered in London, the United Kingdom. Associated British Foods plc is a subsidiary of Wittington Investments Limited.
How the Company Makes MoneyAssociated British Foods generates revenue through its diverse business operations spanning multiple sectors. The Grocery segment contributes to earnings through the sale of branded and non-branded food products, which include a variety of well-known consumer brands. The Sugar segment earns revenue primarily through the production and sale of sugar and related products, often influenced by agricultural policies and market prices. The Agriculture segment provides animal feed and other agricultural services, supporting the farming industry and contributing to ABF's overall income. The Ingredients segment focuses on the production of yeast and bakery ingredients, serving both industrial and consumer markets globally. Lastly, the Retail segment, primarily through Primark, generates significant revenue by offering fashion and home products at competitive prices. ABF's ability to leverage its diverse portfolio, maintain efficient supply chains, and adapt to changing market conditions plays a crucial role in its financial performance.

Associated British Foods Earnings Call Summary

Earnings Call Date:Nov 05, 2024
(Q4-2024)
|
% Change Since: -7.21%|
Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong performance across various segments, with significant profit growth and strategic investments driving future prospects. However, challenges remain in the Sugar division and with cost pressures in retail. Overall, the sentiment is positive with a focus on future growth and shareholder returns.
Q4-2024 Updates
Positive Updates
Significant Profit Growth
Operating profit increased by 38%, and adjusted earnings per share rose by 39%. Cash generation increased to GBP 1.4 billion, an increase of GBP 1.1 billion from the previous year.
Strong Retail Performance
Retail sales grew by 6% at constant currency, with significant growth in key markets such as the US, France, Spain, Italy, and Central and Eastern Europe. The operating margin recovered to 11.7%, with adjusted operating profit rising from GBP 735 million to just over GBP 1.1 billion.
Grocery and Ingredients Success
Grocery achieved profit growth and margin improvement, with sales up 4% on a constant currency basis. Ingredients saw a 12% increase in adjusted operating profit, driven by strong performance in yeast and bakery ingredients.
Strong Cash Flow and Shareholder Returns
Free cash inflow amounted to GBP 1,355 million. The proposed total dividend for 2024 represents a 50% increase, with share buybacks amounting to approximately GBP 1.2 billion over the last two years.
Positive Outlook for Primark
Primark's US expansion reached profitability with 27 stores and plans for further growth. The brand saw strong market share growth in key European markets and proposed a 4-5% sales growth per annum.
Negative Updates
Sugar Division Challenges
European sugar prices declined significantly in Q4, impacting profitability. The Sugar division expects a drop in 2025 before a rebound in 2026.
Operational Challenges in Tanzania
The Sugar market in Tanzania faced challenges despite high hopes, with a more challenging performance than other African markets.
Cost Pressures in Retail
Labor cost inflation and other cost pressures are challenges for Primark, with investments needed in digital, product, and brands to maintain growth momentum.
Currency and Exchange Rate Impacts
The group faced an adverse translation movement of GBP 97 million during the year, impacting overall financial performance.
Company Guidance
In the recent call, George Weston provided a comprehensive overview of ABF's financial performance and strategic developments for the fiscal year 2024. The company reported robust financial growth, with operating profit rising by 38% and adjusted earnings per share increasing by 39%. Cash generation improved significantly, reaching GBP1.4 billion, marking an increase of GBP1.1 billion from the previous year. The return on capital employed also saw a substantial rise, moving to 18.1% from the previous 13.6%. Investments remained a priority, with GBP1.3 billion allocated to foster future growth and support ESG initiatives. The proposed total dividend for 2024 reflects a 50% increase, and over the past two years, GBP2.3 billion has been returned to shareholders through dividends and share buybacks. Revenue for the group reached GBP20.1 billion, a 4% increase on a constant currency basis, driven by strong performances across various segments, particularly in retail, grocery, ingredients, and sugar. Despite challenges, such as inflation and supply chain disruptions, the company demonstrated resilience and strategic foresight, positioning itself for continued growth and shareholder value in the coming years.

Associated British Foods Financial Statement Overview

Summary
Associated British Foods demonstrates a strong financial performance with robust revenue growth, solid profit margins, and a stable balance sheet with low leverage. The cash flow is healthy, although slightly reliant on net income. Overall, the company is financially stable and well-positioned for future growth.
Income Statement
85
Very Positive
Associated British Foods has demonstrated strong revenue growth with a notable increase of 1.57% over the last year, reaching £20.07 billion. The company maintains a solid gross profit margin of 24.32% and a healthy net profit margin of 7.25%, indicating effective cost management and profitability. The EBIT margin stands at 9.63%, and the EBITDA margin at 15.61%, showcasing robust operational performance. Overall, the income statement reflects a positive growth trajectory and stable profitability.
Balance Sheet
80
Positive
The balance sheet of Associated British Foods reveals a sturdy financial position with a debt-to-equity ratio of 0.33, suggesting moderate leverage and manageable debt levels. The company achieves a return on equity of 12.99%, which signifies efficient utilization of equity to generate profits. Additionally, the equity ratio is strong at 58.81%, indicating a solid capital structure with a good portion of assets financed by equity. These metrics underline the company's financial stability and low risk exposure.
Cash Flow
78
Positive
The cash flow statement highlights a significant improvement in free cash flow, which surged by 190.91% year-over-year, reaching £1.79 billion. The operating cash flow to net income ratio is 2.00, reflecting strong cash generation relative to net income. However, the free cash flow to net income ratio is 1.23, indicating a slight dependence on net income for free cash generation. Overall, the cash flow metrics suggest healthy liquidity and operational cash generation, despite some reliance on net income.
Breakdown
TTMSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
19.85B20.07B19.75B17.00B13.88B13.94B
Gross Profit
1.73B4.88B4.16B3.78B3.13B3.14B
EBIT
1.67B1.93B1.38B1.18B808.00M810.00M
EBITDA
2.65B3.13B2.48B2.13B1.80B1.81B
Net Income Common Stockholders
1.31B1.46B1.04B700.00M478.00M455.00M
Balance SheetCash, Cash Equivalents and Short-Term Investments
824.00M1.66B1.46B2.13B2.31B2.03B
Total Assets
18.68B19.01B18.84B19.77B16.89B16.67B
Total Debt
3.60B3.68B3.72B3.89B3.69B4.11B
Net Debt
2.84B2.35B2.27B1.77B1.41B2.12B
Total Liabilities
7.58B7.74B7.65B8.22B6.89B7.23B
Stockholders Equity
10.99B11.19B11.09B11.45B9.92B9.36B
Cash FlowFree Cash Flow
1.38B1.79B614.00M380.00M742.00M1.08B
Operating Cash Flow
2.48B2.87B1.69B1.15B1.37B1.70B
Investing Cash Flow
-1.15B-1.33B-1.06B-854.00M-656.00M-574.00M
Financing Cash Flow
-1.85B-1.57B-1.16B-563.00M-373.00M-572.00M

Associated British Foods Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price2057.00
Price Trends
50DMA
2034.25
Positive
100DMA
1959.00
Positive
200DMA
2060.72
Negative
Market Momentum
MACD
6.34
Positive
RSI
49.81
Neutral
STOCH
45.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ABF, the sentiment is Neutral. The current price of 2057 is below the 20-day moving average (MA) of 2070.99, above the 50-day MA of 2034.25, and below the 200-day MA of 2060.72, indicating a neutral trend. The MACD of 6.34 indicates Positive momentum. The RSI at 49.81 is Neutral, neither overbought nor oversold. The STOCH value of 45.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ABF.

Associated British Foods Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBPFD
79
Outperform
£1.78B14.509.02%0.83%5.90%11.24%
GBCWK
78
Outperform
£2.89B21.3814.14%1.72%8.74%-8.69%
GBABF
77
Outperform
£14.80B11.6611.89%3.05%-0.38%14.68%
76
Outperform
£2.42B38.813.39%3.47%-11.03%-2.05%
GBHFG
73
Outperform
£777.30M19.7712.74%3.98%-0.03%7.88%
70
Outperform
£1.24B22.459.10%3.74%4.03%3.21%
65
Neutral
$8.88B15.014.76%203.76%3.54%-2.49%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ABF
Associated British Foods
2,057.00
-384.06
-15.73%
GB:CWK
Cranswick
5,340.00
1,138.76
27.11%
GB:HFG
Hilton Food
873.00
54.52
6.66%
GB:PFD
Premier Foods
207.00
44.12
27.09%
GB:TATE
Tate & Lyle
556.00
-106.68
-16.10%
GB:BAKK
Bakkavor Group plc
214.00
79.62
59.25%

Associated British Foods Corporate Events

Stock BuybackBusiness Operations and Strategy
Associated British Foods Enhances Shareholder Value Through Share Repurchase
Positive
Jun 6, 2025

Associated British Foods plc announced the repurchase and cancellation of 150,000 of its ordinary shares as part of its ongoing share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategic financial management aimed at enhancing shareholder value. The move could potentially strengthen the company’s market position by optimizing its capital structure and signaling confidence in its financial health.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2750.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Jun 5, 2025

Associated British Foods plc announced the repurchase and cancellation of 110,000 ordinary shares as part of its ongoing share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2750.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback to Enhance Shareholder Value
Positive
Jun 4, 2025

Associated British Foods plc announced the repurchase and cancellation of 476,444 of its ordinary shares from Barclays Capital Securities Limited as part of its share buyback program. This move, conducted on the London Stock Exchange, is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and investor relations positively.

The most recent analyst rating on (GB:ABF) stock is a Buy with a £26.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Announces Share Repurchase and Cancellation
Positive
Jun 3, 2025

Associated British Foods plc announced the repurchase and cancellation of 180,000 of its ordinary shares as part of its ongoing share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Jun 2, 2025

Associated British Foods announced the repurchase and cancellation of 189,269 ordinary shares as part of its ongoing share repurchase program. The transaction, conducted through Barclays Capital Securities, reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Enhances Shareholder Value with Share Buyback
Positive
May 30, 2025

Associated British Foods plc announced the repurchase and cancellation of 59,318 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. This move, executed on the London Stock Exchange, reflects the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Regulatory Filings and Compliance
Associated British Foods Announces Total Voting Rights and Capital
Neutral
May 30, 2025

Associated British Foods PLC announced that it has 721,479,077 ordinary shares admitted to trading, each carrying one vote at general meetings. This information is crucial for shareholders to determine their notification requirements under the Financial Conduct Authority’s rules, impacting how they manage their interests in the company.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock Buyback
Associated British Foods Executes Share Buyback
Positive
May 29, 2025

Associated British Foods plc announced the repurchase and cancellation of 210,000 of its ordinary shares as part of its share repurchase program. This move, executed through Barclays Capital Securities Limited, is intended to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 28, 2025

Associated British Foods plc announced the repurchase and cancellation of 120,000 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value, reflecting confidence in its financial stability and future prospects.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock Buyback
Associated British Foods Executes Share Buyback
Positive
May 27, 2025

Associated British Foods plc announced the repurchase and cancellation of 48,848 of its ordinary shares from Barclays Capital Securities Limited as part of its share buyback program. This transaction, executed on the London Stock Exchange, reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 23, 2025

Associated British Foods plc announced the repurchase and cancellation of 100,000 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. This transaction, conducted on the London Stock Exchange, reflects the company’s strategic initiative to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:ABF) stock is a Buy with a £2650.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 22, 2025

Associated British Foods plc has announced the repurchase and cancellation of 250,000 of its ordinary shares as part of its share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Neutral
May 20, 2025

Associated British Foods announced the repurchase and cancellation of 15,199 ordinary shares as part of its ongoing share repurchase program. This transaction, executed through Barclays Capital Securities, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 19, 2025

Associated British Foods plc announced the repurchase and cancellation of 90,000 of its ordinary shares as part of its ongoing share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reflects the company’s strategic financial management efforts and may impact shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock Buyback
Associated British Foods Executes Share Buyback
Positive
May 16, 2025

Associated British Foods plc has repurchased 15,943 of its ordinary shares from Barclays Capital Securities Limited as part of its share repurchase program. The shares were bought at an average price of 2087 pence per share and will be canceled, potentially impacting the company’s share value and benefiting shareholders by reducing the total number of shares outstanding.

The most recent analyst rating on (GB:ABF) stock is a Buy with a £26.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 15, 2025

Associated British Foods plc announced the repurchase and cancellation of 210,000 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategy to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (GB:ABF) stock is a Buy with a £26.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 14, 2025

Associated British Foods has announced the repurchase and cancellation of 40,000 of its ordinary shares as part of its share buyback program. This move, executed through Barclays Capital Securities, is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock liquidity and market perception.

The most recent analyst rating on (GB:ABF) stock is a Buy with a £26.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 13, 2025

Associated British Foods plc announced the repurchase and cancellation of 135,749 of its ordinary shares as part of its share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s ongoing strategy to manage its capital structure and return value to shareholders, potentially impacting its stock market performance and investor relations.

The most recent analyst rating on (GB:ABF) stock is a Buy with a £26.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 9, 2025

Associated British Foods plc announced the repurchase and cancellation of 3,717 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. This transaction, executed on the London Stock Exchange and other venues, reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Neutral
May 8, 2025

Associated British Foods plc announced the repurchase and cancellation of 27,855 ordinary shares as part of its share buyback program. This move, executed through Barclays Capital Securities Limited, reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback to Optimize Capital Structure
Positive
May 7, 2025

Associated British Foods plc announced the repurchase and cancellation of 280,000 of its ordinary shares, as part of its share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, indicating a focus on optimizing financial performance and market positioning.

Business Operations and Strategy
Associated British Foods Announces Removal of Share Pledges
Positive
May 7, 2025

Associated British Foods has announced the removal of share pledges held by the G H Weston 1964 Settlement Trust, which benefits George Weston, the company’s CEO, and others. This move, conducted outside a trading venue, may impact the company’s market perception by reducing the encumbrance on its shares, potentially enhancing stakeholder confidence.

M&A TransactionsBusiness Operations and Strategy
Associated British Foods Engages in Potential Transaction Talks Amid Market Challenges
Neutral
May 6, 2025

Associated British Foods PLC has confirmed discussions with Endless LLP regarding a potential transaction, though no definitive terms have been agreed upon. The company is exploring strategic options for its Allied Bakeries division, which is currently facing a challenging market environment, with the aim of enhancing long-term shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
May 2, 2025

Associated British Foods plc announced the repurchase and cancellation of 104,608 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. This move, executed on the London Stock Exchange, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback to Enhance Shareholder Value
Positive
May 1, 2025

Associated British Foods PLC has announced the repurchase and cancellation of 98,044 of its ordinary shares as part of its share buyback program. This transaction, conducted through Barclays Capital Securities Limited, reflects the company’s strategic move to manage its capital structure and potentially enhance shareholder value. The buyback could signal confidence in the company’s financial health and future prospects, potentially impacting its stock performance positively.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback to Enhance Capital Structure
Positive
Apr 30, 2025

Associated British Foods announced the repurchase and cancellation of 400,000 of its ordinary shares as part of its ongoing share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategic initiative to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its financial stability.

Regulatory Filings and Compliance
Associated British Foods Updates Shareholders on Voting Rights
Neutral
Apr 30, 2025

Associated British Foods PLC announced that it has 723,947,618 ordinary shares admitted to trading, each carrying one vote at general meetings. This information is crucial for shareholders to determine their reporting obligations under the Financial Conduct Authority’s rules, as the company holds no shares in treasury.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Apr 29, 2025

Associated British Foods plc announced the repurchase and cancellation of 528,578 of its ordinary shares as part of its ongoing share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

DividendsFinancial Disclosures
Associated British Foods Announces Interim Dividend
Neutral
Apr 29, 2025

Associated British Foods has announced an interim dividend of 20.7 pence per ordinary share, to be paid on 4 July 2025, following its interim results for the 24-week period ended 1 March 2025. The company offers a dividend reinvestment plan, allowing shareholders to reinvest dividends into company shares, with the final date for elections being 13 June 2025.

Business Operations and StrategyFinancial Disclosures
Associated British Foods Reports Mixed Interim Results Amid Sugar Division Challenges
Neutral
Apr 29, 2025

Associated British Foods reported its interim results for the 24 weeks ending March 1, 2025, showing a mixed performance across its divisions. While the company saw growth in its Retail and Ingredients sectors, with Primark performing well in Europe and the US, its Sugar division faced challenges due to low European sugar prices and losses in its UK bioethanol business, Vivergo. The company remains optimistic about its long-term growth prospects, supported by a strong balance sheet and continued investment in capacity and technology.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Apr 25, 2025

Associated British Foods plc announced the repurchase and cancellation of 90,000 of its ordinary shares on April 25, 2025, as part of its ongoing share repurchase program. The shares were bought from Barclays Capital Securities Limited at an average price of GBp 2206.3713, with the transaction adhering to the London Stock Exchange rules. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Stock Buyback
Associated British Foods Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 24, 2025

Associated British Foods PLC announced a share repurchase transaction on April 24, 2025, where it bought back 2,030 of its ordinary shares from Barclays Capital Securities Limited at an average price of 2190 pence per share. This move is part of its ongoing share repurchase program aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially impacting the company’s stock price and market perception positively.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Apr 11, 2025

Associated British Foods plc announced the repurchase and cancellation of 16,061 of its ordinary shares from Barclays Capital Securities Limited as part of its share buyback program. This move, executed on the London Stock Exchange, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Apr 9, 2025

Associated British Foods plc announced the repurchase and cancellation of 150,000 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. The transaction, conducted on the London Stock Exchange, reflects the company’s strategic initiative to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Apr 8, 2025

Associated British Foods plc announced the repurchase and cancellation of 10,482 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. The transaction, conducted on the London Stock Exchange and other venues, reflects the company’s strategic focus on optimizing its capital structure and potentially enhancing shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Announces Share Repurchase and Cancellation
Positive
Apr 7, 2025

Associated British Foods plc announced the repurchase and cancellation of 400,000 ordinary shares as part of its ongoing share repurchase program. This move, executed through Barclays Capital Securities Limited, is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and shareholder relations.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Apr 4, 2025

Associated British Foods plc announced the repurchase and cancellation of 80,000 ordinary shares as part of its share buyback program. This transaction, executed through Barclays Capital Securities, reflects the company’s strategic financial management aimed at enhancing shareholder value and optimizing capital structure.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Repurchase
Neutral
Apr 3, 2025

Associated British Foods plc announced the repurchase and cancellation of 9,328 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. This transaction, conducted on the London Stock Exchange, reflects the company’s strategic move to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 2, 2025

Associated British Foods PLC announced the repurchase of 18,684 ordinary shares from Barclays Capital Securities Limited as part of its share buyback program. The transaction, conducted on the London Stock Exchange, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation.

Stock BuybackBusiness Operations and Strategy
Associated British Foods PLC Executes Share Buyback
Positive
Apr 1, 2025

Associated British Foods PLC announced the repurchase and cancellation of 210,000 of its ordinary shares as part of its ongoing share repurchase program. The shares were acquired from Barclays Capital Securities Limited at an average price of 1933.5879 pence per share. This transaction is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.

Business Operations and StrategyRegulatory Filings and Compliance
Associated British Foods Announces Change in Voting Rights
Neutral
Apr 1, 2025

Associated British Foods PLC has announced a change in the breakdown of voting rights, with Wittington Investments Limited now holding 58.091065% of the voting rights, up from a previous 57.090458%. This adjustment in voting rights signifies a strengthened position for Wittington Investments Limited within the company, potentially impacting corporate governance and decision-making processes.

Stock Buyback
Associated British Foods Executes Share Buyback
Positive
Mar 31, 2025

Associated British Foods PLC announced the repurchase and cancellation of 130,000 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing share repurchase program. This transaction, conducted on the London Stock Exchange, reflects the company’s strategic financial management and is likely to impact its share value positively, benefiting shareholders by potentially enhancing earnings per share.

Regulatory Filings and Compliance
Associated British Foods Announces Share Capital and Voting Rights Update
Neutral
Mar 31, 2025

Associated British Foods plc has announced that it has 725,144,203 ordinary shares admitted to trading, each carrying one vote at general meetings. This information is crucial for shareholders to determine their notification requirements under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, highlighting the company’s commitment to regulatory compliance and transparency.

Executive/Board ChangesBusiness Operations and Strategy
Leadership Change at Primark Amid Conduct Investigation
Negative
Mar 31, 2025

Associated British Foods plc announced the resignation of Paul Marchant as Primark’s Chief Executive following an investigation into his conduct. Eoin Tonge, ABF Finance Director, will temporarily assume the role of Primark Chief Executive, while Joana Edwards will serve as interim ABF Finance Director. The company emphasizes its commitment to maintaining a respectful and inclusive work environment, underscoring the importance of integrity and responsibility in its operations.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Enhances Shareholder Value with Share Repurchase
Positive
Mar 28, 2025

Associated British Foods plc announced the repurchase and cancellation of 80,000 of its ordinary shares as part of its ongoing share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reflects the company’s strategic move to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and investor relations.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Announces Share Repurchase and Cancellation
Positive
Mar 27, 2025

Associated British Foods plc announced the repurchase and cancellation of 22,538 ordinary shares as part of its ongoing share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategic financial management and could potentially enhance shareholder value by reducing the number of shares outstanding.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Repurchase
Neutral
Mar 26, 2025

Associated British Foods plc announced the repurchase and cancellation of 170,000 of its ordinary shares as part of its share repurchase program. The shares were bought from Barclays Capital Securities Limited at an average price of GBp 1915.7542, with the highest price paid being GBp 1921.0000 and the lowest GBp 1900.0000. This transaction is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock liquidity and market perception.

Stock Buyback
Associated British Foods Enhances Shareholder Value with Share Buyback
Positive
Mar 25, 2025

Associated British Foods PLC announced the repurchase and cancellation of 130,000 of its ordinary shares, as part of its ongoing share buyback program. This transaction, executed through Barclays Capital Securities Limited, is intended to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and demonstrating confidence in the company’s financial health.

Stock Buyback
Associated British Foods Executes Share Buyback to Enhance Capital Structure
Positive
Mar 21, 2025

Associated British Foods announced a share buyback transaction, purchasing 59,827 ordinary shares for cancellation as part of its ongoing share repurchase program. This move, executed through Barclays Capital Securities Limited, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Mar 20, 2025

Associated British Foods plc announced the repurchase and cancellation of 110,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategic focus on optimizing its capital structure and potentially enhancing shareholder value.

Executive/Board Changes
Leadership Update at Associated British Foods
Positive
Mar 20, 2025

Associated British Foods plc announced that Dame Heather Rabbatts, currently serving as the Senior Independent Director, will join Bloomsbury Publishing Plc as a Non-Executive Director starting 14 April 2025. This appointment reflects the company’s commitment to strengthening its leadership team and may enhance its strategic influence within the industry.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback to Enhance Value
Positive
Mar 19, 2025

Associated British Foods announced the repurchase and cancellation of 80,000 ordinary shares as part of its share buyback program, with shares bought at an average price of 1902.9553 pence. This move indicates the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning positively.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Neutral
Mar 18, 2025

Associated British Foods plc announced the repurchase and cancellation of 97,945 of its ordinary shares from Barclays Capital Securities Limited as part of its share repurchase programme. The transaction, executed on the London Stock Exchange, involved an average price per share of GBp 1892.9122, with the highest and lowest prices being GBp 1901.5000 and GBp 1883.0000, respectively. This move is part of the company’s strategy to manage its capital structure and could impact its market positioning and shareholder value.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Mar 17, 2025

Associated British Foods announced the repurchase and cancellation of 49,710 of its ordinary shares from Barclays Capital Securities as part of its ongoing share repurchase program. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value, reflecting a commitment to returning capital to shareholders.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback to Enhance Capital Structure
Positive
Mar 14, 2025

Associated British Foods PLC announced the repurchase and cancellation of 130,000 ordinary shares at an average price of GBp 1851.3076 as part of its share buyback program. This move, executed through Barclays Capital Securities Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

Stock Buyback
Associated British Foods Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 13, 2025

Associated British Foods plc announced a share repurchase transaction, buying back 140,000 of its ordinary shares at an average price of GBp 1843.3440. This move, part of its ongoing share repurchase programme, is aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting confidence in its financial position and future prospects.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Neutral
Mar 12, 2025

Associated British Foods plc announced the repurchase and cancellation of 250,000 of its ordinary shares as part of its ongoing share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

Stock BuybackBusiness Operations and Strategy
Associated British Foods Executes Share Buyback
Positive
Mar 11, 2025

Associated British Foods PLC announced the repurchase and cancellation of 129,358 of its ordinary shares from Barclays Capital Securities Limited as part of its share repurchase program. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach to financial management.

Stock Buyback
Associated British Foods Executes Share Buyback
Neutral
Mar 10, 2025

Associated British Foods plc announced the repurchase and cancellation of 54,496 of its ordinary shares as part of its share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, is part of the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value. The repurchase was executed on the London Stock Exchange and other trading venues, with the average price per share being GBp 1920.3843.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.