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Bakkavor Group plc
(LSE:BAKK)
Bakkavor Group plc (BAKK) vs. S&P 500 (SPY)
Bakkavor Group plc Business Overview & Revenue Model
Bakkavor Group plc Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.29B | 2.20B | 2.14B | 1.87B | 1.79B | Gross Profit |
| 635.30M | 589.40M | 493.70M | 475.00M | 447.50M | EBIT |
| 93.40M | 97.10M | 86.40M | 101.70M | 71.60M | EBITDA |
| 163.80M | 168.50M | 106.90M | 163.70M | 131.60M | Net Income Common Stockholders |
| 55.70M | 53.90M | 12.50M | 56.80M | 34.10M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 29.90M | 36.60M | 40.20M | 31.10M | 24.80M | Total Assets |
| 1.50B | 1.48B | 1.54B | 1.50B | 1.45B | Total Debt |
| 306.60M | 355.90M | 419.10M | 405.00M | 434.30M | Net Debt |
| 276.70M | 319.30M | 378.90M | 373.90M | 409.50M | Total Liabilities |
| 882.50M | 872.70M | 923.60M | 862.80M | 851.10M | Stockholders Equity |
| 616.10M | 607.60M | 617.80M | 640.70M | 598.10M |
| Cash Flow | Free Cash Flow | |||
| 94.00M | 103.80M | 63.30M | 84.90M | 32.20M | Operating Cash Flow |
| 150.30M | 147.70M | 127.30M | 144.70M | 88.60M | Investing Cash Flow |
| -50.50M | -39.10M | -63.90M | -55.60M | -56.30M | Financing Cash Flow |
| -106.50M | -113.30M | -55.40M | -83.00M | -33.20M |
Bakkavor Group plc Technical Analysis
Bakkavor Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £15.86B | 11.38 | 13.06% | 2.86% | 1.64% | 44.38% | |
76 Outperform | £2.43B | 13.10 | 12.23% | 3.50% | -11.03% | -2.05% | |
76 Outperform | £14.05B | 19.33 | 46.76% | 1.79% | 11.42% | -7.03% | |
74 Outperform | £990.82M | 17.78 | 9.10% | 4.43% | 4.03% | 3.21% | |
74 Outperform | £775.30M | 18.27 | 10.18% | 1.11% | -5.57% | 38.90% | |
64 Neutral | $9.18B | 14.52 | 4.32% | 185.59% | 3.96% | 5.53% | |
58 Neutral | £233.11M | ― | 2.70% | ― | 3.02% | 29.25% |
Bakkavor Group plc Corporate Events
Bakkavor Group plc announced a change in major holdings, with FIL Limited reducing its voting rights from 10.71% to 9.87%. This adjustment in FIL Limited’s stake could influence Bakkavor’s shareholder dynamics and potentially impact its strategic decisions, given the company’s significant market presence and growth opportunities in the UK, US, and China.
Spark’s Take on GB:BAKK Stock
According to Spark, TipRanks’ AI Analyst, GB:BAKK is a Outperform.
Bakkavor Group plc is performing well overall, with stable financial health and strong strategic growth. The stock shows positive technical momentum and is reasonably valued. Recent corporate events further bolster confidence in its strategic direction and governance. Despite a slight decline in free cash flow, the company’s strong cash generation supports ongoing operations and future growth.
To see Spark’s full report on GB:BAKK stock, click here.
Bakkavor Group plc and Greencore Group plc are in discussions regarding a potential cash and share offer by Greencore to acquire Bakkavor. The deadline for Greencore to announce its firm intention has been extended to May 9, 2025, to allow further negotiations and due diligence. This extension indicates ongoing interest and potential strategic alignment between the two companies, although there is no certainty of a firm offer being made.
Spark’s Take on GB:BAKK Stock
According to Spark, TipRanks’ AI Analyst, GB:BAKK is a Outperform.
Bakkavor Group plc is performing well overall, with stable financial health and strong strategic growth. The stock shows positive technical momentum and is reasonably valued. Recent corporate events further bolster confidence in its strategic direction and governance. Despite a slight decline in free cash flow, the company’s strong cash generation supports ongoing operations and future growth.
To see Spark’s full report on GB:BAKK stock, click here.
Bakkavor Group plc announced the grant of ordinary course awards under its Long Term Incentive Plan and Deferred Annual Bonus Plan to key managerial personnel, including CEO Michael Edwards and CFO Lee Miley. These awards, which are contingent on continued service and performance conditions related to earnings per share, total shareholder return, and environmental social governance, are structured to vest over a period of three years with a subsequent two-year holding period. This move is part of Bakkavor’s strategy to align management incentives with company performance and shareholder interests.
Spark’s Take on GB:BAKK Stock
According to Spark, TipRanks’ AI Analyst, GB:BAKK is a Outperform.
Bakkavor Group plc is performing well overall, with stable financial health and strong strategic growth. The stock shows positive technical momentum and is reasonably valued. Recent corporate events further bolster confidence in its strategic direction and governance. Despite a slight decline in free cash flow, the company’s strong cash generation supports ongoing operations and future growth.
To see Spark’s full report on GB:BAKK stock, click here.
Bakkavor Group plc has rejected an unsolicited acquisition proposal from Greencore Group plc, which included a conditional cash and share offer for the company’s entire issued share capital. The board of Bakkavor, after consulting with financial advisers, determined that the proposal significantly undervalued the company and its future prospects. Greencore now faces a deadline to either make a firm offer or announce its intention not to proceed, which could impact stakeholder interests and market dynamics.
Bakkavor Group plc has announced the availability of documents for its 2025 Annual General Meeting, which will be held virtually on 22 May 2025. The notice and proxy form are accessible on the company’s website, with printed copies available for shareholders who prefer hard copies. This announcement ensures transparency and accessibility for stakeholders, reinforcing Bakkavor’s commitment to effective corporate governance.
Bakkavor Group plc has published its FY 2024 Annual Report and Accounts, following the announcement of its full-year audited results for the 52-week period ending December 28, 2024. The report is accessible on the company’s website and will be distributed in print to shareholders who have opted for hard copies. This release underscores Bakkavor’s commitment to transparency and provides stakeholders with detailed insights into the company’s financial performance and strategic positioning.
Bakkavor Group plc has reported strong financial results for 2024, with a 4% increase in reported revenue to £2,292.7 million and a 20.5% rise in adjusted operating profit to £113.6 million, surpassing market expectations. The company has improved its profit margins through strategic efficiency measures and has strengthened its balance sheet by reducing net debt by £35.8 million. Bakkavor’s strategic focus on operational excellence and market leadership has driven growth across its UK and international markets, with significant progress in the US and China. The company remains confident in achieving its medium-term target of a 6% adjusted operating profit margin by 2027.
Bakkavor Group plc reported strong financial results for 2024, surpassing market expectations with a 4.0% increase in reported revenue to £2,292.7 million and a 20.5% rise in adjusted operating profit to £113.6 million. The company achieved significant margin improvements through strategic initiatives across its UK and international markets, including efficiency enhancements and business restructuring. Despite challenges such as the closure of a UK site, Bakkavor strengthened its balance sheet by reducing net debt and improving leverage, while also increasing its return on invested capital. The company remains confident in its strategic trajectory, aiming for a 6% adjusted operating profit margin by 2027.
Bakkavor Group plc announced that Jane Lodge, an Independent Non-executive Director and Chair of the Company’s Audit & Risk Committee, has been appointed as an Independent Non-executive Director of Morgan Advanced Materials plc, effective from 1 June 2025. This appointment reflects Bakkavor’s commitment to strong governance and may enhance its strategic oversight, potentially impacting its market positioning positively.