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Greencore
(LSE:GNC)
Greencore (GNC) vs. S&P 500 (SPY)
Greencore Business Overview & Revenue Model
Greencore Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.85B | 1.81B | 1.91B | 1.74B | 1.32B | 1.26B | Gross Profit |
| 556.10M | 599.60M | 568.80M | 523.00M | 422.90M | 405.20M | EBIT |
| 86.80M | 84.30M | 66.00M | 52.10M | 33.50M | 27.00M | EBITDA |
| 139.30M | 147.80M | 124.10M | 110.60M | 101.30M | 80.30M | Net Income Common Stockholders |
| 52.20M | 46.30M | 35.90M | 32.30M | 25.40M | -9.90M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 177.36M | 57.30M | 116.50M | 99.60M | 119.10M | 267.00M | Total Assets |
| 927.46M | 1.20B | 1.30B | 1.34B | 1.29B | 1.43B | Total Debt |
| 373.79M | 250.30M | 315.50M | 327.60M | 361.80M | 678.20M | Net Debt |
| 196.43M | 193.00M | 199.00M | 228.00M | 242.70M | 411.20M | Total Liabilities |
| 749.77M | 754.50M | 837.90M | 873.10M | 868.30M | 1.14B | Stockholders Equity |
| 174.04M | 450.20M | 459.80M | 465.60M | 423.20M | 276.50M |
| Cash Flow | Free Cash Flow | ||||
| 61.80M | 79.60M | 61.60M | 42.90M | 62.50M | -29.40M | Operating Cash Flow |
| 98.20M | 112.00M | 99.00M | 92.90M | 102.70M | 2.50M | Investing Cash Flow |
| -30.90M | -31.70M | -31.30M | -50.00M | -17.60M | -31.60M | Financing Cash Flow |
| -69.20M | -98.70M | -81.50M | -69.40M | -58.10M | 34.60M |
Greencore Technical Analysis
Greencore Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £13.93B | 9.99 | 13.06% | 3.22% | 1.64% | 44.38% | |
79 Outperform | £1.56B | 14.25 | 8.03% | 0.94% | 5.90% | 11.24% | |
77 Outperform | £12.80B | 17.83 | 46.76% | 1.96% | 12.83% | 15.54% | |
75 Outperform | £710.87M | 17.84 | 13.01% | 2.37% | 11.02% | 7.44% | |
74 Outperform | £736.40M | 16.92 | 10.18% | 1.13% | -5.57% | 38.90% | |
63 Neutral | £2.12B | 11.43 | 12.23% | 3.92% | -11.03% | -2.05% | |
62 Neutral | $20.34B | 13.97 | -16.14% | 3.32% | 1.30% | 5.01% |
Greencore Earnings Call Summary
Greencore Corporate Events
Greencore Group plc has announced a significant change in its voting rights structure following an acquisition by JPMorgan Asset Management Holdings Inc., which now holds a total of 5.136534% of the voting rights. This acquisition marks a notable shift in the company’s shareholder dynamics, potentially impacting its strategic decisions and stakeholder relations.
Greencore Group PLC, a company in the food manufacturing industry, has announced a significant change in its shareholder structure. BlackRock, Inc. has increased its holdings in Greencore, surpassing the 5% threshold, now holding 5.29% of voting rights. This acquisition may influence Greencore’s strategic decisions and impact its market positioning, as BlackRock’s increased stake indicates a strong vote of confidence in the company’s future prospects.
Greencore Group PLC and Bakkavor Group PLC have reached an agreement in principle on a possible cash and share offer by Greencore for Bakkavor, aiming to create a leading UK convenience food business with a combined revenue of approximately £4 billion. The proposed merger is expected to bring strategic and financial benefits, including enhanced innovation, supply chain capabilities, and economies of scale, which could lead to significant value creation for stakeholders and increased market capitalisation.
Greencore Group PLC reported strong revenue and volume growth in the second quarter of 2025, driven by customer expansion and new business acquisitions from the previous year. The company exceeded management’s profit expectations due to operational and commercial excellence initiatives and cost control measures. Greencore now anticipates its adjusted operating profit for the full year 2025 to surpass market expectations, ranging between £112-£115 million. This positive outlook underscores Greencore’s robust market positioning and operational efficiency, potentially benefiting stakeholders and enhancing its competitive edge in the convenience food industry.
Greencore Group PLC has announced a change in the voting rights attached to its shares, following a transaction involving BlackRock, Inc. BlackRock’s holdings in Greencore have fallen below the 5% threshold, now standing at 4.98%. This adjustment in voting rights may influence Greencore’s shareholder dynamics and could have implications for the company’s governance and decision-making processes.
Greencore Group PLC has announced a change in the voting rights attached to its shares, with BlackRock, Inc.’s holdings falling below the 5% threshold. This adjustment in shareholding indicates a shift in the investment landscape for Greencore, potentially impacting its market positioning and stakeholder interests.
Greencore Group PLC has made two proposals to acquire Bakkavor Group plc, both of which were rejected by Bakkavor’s board. The revised proposal offered a combination of cash and shares, valuing Bakkavor at a 25% premium to its recent share price. Greencore believes the acquisition would create a leading UK convenience food business with significant revenue and potential for growth, benefiting shareholders with enhanced market capitalisation and liquidity.
Greencore Group PLC has announced that its issued ordinary share capital consists of 441,603,994 ordinary shares, each carrying one vote, resulting in a total of 441,603,994 voting rights. This information is crucial for shareholders as it serves as the denominator for calculating their interests or changes in interests under the FCA’s Disclosure and Transparency Rules.
UBS Group AG’s trading book holdings in Greencore Group PLC have fallen below the 5% threshold, resulting in an exemption from reporting requirements. This change in holdings marks a shift in UBS’s investment strategy and could impact Greencore’s market dynamics and investor relations, as significant shifts in shareholder composition can influence company operations and market perceptions.
Greencore Group PLC, a non-UK company, has announced that BlackRock, Inc., a major shareholder based in the USA, has crossed a voting rights threshold. As of February 12, 2025, BlackRock holds 5% of the voting rights in Greencore, with 4.44% attached to shares and 0.56% through financial instruments. This change in voting rights position, previously below 5%, reflects BlackRock’s increased influence in Greencore’s decision-making, potentially impacting the company’s future strategies and stakeholder dynamics.
Greencore Group PLC hosted a Capital Markets Day in London to present its refined strategic direction, focusing on product innovation, automation, and operational excellence. The event highlighted Greencore’s robust core business, growth opportunities through M&A, and new medium-term financial targets aimed at enhancing shareholder value. The company’s leadership emphasized its commitment to delivering these targets, which include a return on invested capital of over 15%, revenue growth of 3-5%, and maintaining strong cash conversion. This strategic shift is expected to drive significant incremental value for shareholders, customers, and partners.
Greencore Group PLC announced that its issued ordinary share capital comprises 441,526,225 ordinary shares, each carrying one vote, which establishes the total voting rights at 441,526,225. This information is essential for shareholders to assess their shareholding interests under the FCA’s Disclosure and Transparency Rules.
Greencore Group PLC announced the successful passing of all resolutions at its Annual General Meeting held on January 30, 2025. Each resolution, including those related to the authorization of directors to allot securities and make market purchases, was approved by a strong majority, reflecting confidence in the company’s strategic direction. This outcome may reinforce Greencore’s operational capabilities and strategic initiatives, potentially impacting shareholders positively as the company aligns its governance with its growth objectives.
Greencore Group PLC reported a strong performance for the first quarter of FY25, with revenue increasing by 7.5% to £474.3 million. This growth was driven by a combination of volume increases and price adjustments, alongside successful new business acquisitions. The company launched 102 new products during the festive season, achieving a 99.3% service level, and continued to innovate with new offerings. Despite challenges from increased labor costs due to UK policy changes, Greencore remains committed to offsetting these through operational improvements and technology investments. The company is poised to maintain its growth momentum and aims to meet market expectations for the full fiscal year.
Greencore Group plc has executed a share buyback transaction on 17 January 2025, acquiring 134,477 ordinary shares at a volume-weighted average price of £1.8193, as part of its £10 million share buyback programme announced in December 2024. This transaction is part of Greencore’s strategic financial management efforts, aiming to enhance shareholder value by reducing the number of outstanding shares, thereby potentially increasing earnings per share, with a total of 5,162,258 shares purchased to date.
Greencore Group plc announced the acquisition and cancellation of 204,213 ordinary shares as part of its ongoing £10 million share buyback programme. This move is expected to consolidate the company’s market position by reducing the number of shares in circulation, potentially benefiting shareholders by increasing the value of remaining shares.
Greencore Group plc has announced the repurchase and cancellation of 210,000 ordinary shares as part of its £10 million share buyback program. This strategic move, executed through Shore Capital Stockbroker Limited, underscores the company’s ongoing efforts to enhance shareholder value and streamline its capital structure, which could impact its market positioning positively.
Greencore Group PLC announced the purchase and cancellation of 208,000 ordinary shares on the London Stock Exchange as part of its ongoing GBP 10 million share buyback program. This transaction, executed by Shore Capital Stockbroker Limited, is part of the company’s strategic financial maneuvers to enhance shareholder value and optimize its capital structure.
Greencore Group PLC announced the purchase and cancellation of 245,000 ordinary shares as part of its £10 million share buyback program. This move is part of a strategic effort to enhance shareholder value and reflects the company’s ongoing commitment to its investors. By buying back shares, Greencore aims to consolidate its market position and potentially improve its earnings per share, which could have positive implications for its stakeholders.
Greencore Group plc, a company involved in the food industry, announced the purchase and cancellation of 277,000 ordinary shares as part of their £10 million share buyback program. This transaction, conducted on the London Stock Exchange through Shore Capital Stockbroker Limited, reflects the company’s ongoing financial strategy to enhance shareholder value by reducing the number of outstanding shares.
Greencore Group PLC, a company involved in the food manufacturing industry, has recently conducted a share buyback as part of its GBP 10 million programme. On January 9, 2025, Greencore purchased 227,000 ordinary shares at a volume-weighted average price of £1.7996 on the London Stock Exchange. This transaction contributes to a total of 3,883,568 shares bought back under the programme, aimed at potentially increasing shareholder value by reducing the number of outstanding shares.