Premier Foods PLC (GB:PFD)
LSE:PFD
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Premier Foods
(LSE:PFD)
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Rating:74Outperform
Price Target:
231.00 p
▲(17.44% Upside)
Action:Reiterated
Date:06/13/26
The score is driven mainly by solid financial performance (improving profitability, manageable leverage, and strengthening free cash flow) and supported by attractive valuation (low P/E). Technicals are also positive with a clear uptrend and healthy momentum, but not strong enough alone to lift the score materially higher.
Positive Factors
Branded portfolio
Premier Foods operates a portfolio of established, shelf-stable consumer food brands with broad grocery distribution. Durable brand equity and listed category exposure support stable demand, strong retailer relationships and pricing leverage across UK grocery channels over the medium term.
Negative Factors
Modest revenue growth
Top-line expansion has been limited, with only modest revenue growth after a flat 2024. Slow organic growth constrains the pace at which earnings can compound and increases reliance on margin gains or pricing to drive profit improvement in a mature UK grocery market with strong retail competition.
Read all positive and negative factors
Positive Factors
Negative Factors
Branded portfolio
Premier Foods operates a portfolio of established, shelf-stable consumer food brands with broad grocery distribution. Durable brand equity and listed category exposure support stable demand, strong retailer relationships and pricing leverage across UK grocery channels over the medium term.
Read all positive factors
Premier Foods (PFD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.73B
Dividend Yield1.62%
Average Volume (3M)1.90M
Price to Earnings (P/E)7.8
Beta (1Y)0.47
Revenue Growth2.31%
EPS Growth9.04%
CountryUK
Employees4,000
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.15
Shares Outstanding868,795,840
10 Day Avg. Volume1,977,833
30 Day Avg. Volume1,902,004
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)1.14
Price to Sales (P/S)1.37
P/FCF Ratio11.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£235.00Price Target Upside19.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.16
Revenue Forecast (FY)£1.23B
Premier Foods Business Overview & Revenue Model
Company Description
Premier Foods plc is a leading manufacturer and distributor of both branded and private-label food products, with operations extending across the United Kingdom, other European countries, and various international markets. The company's business a...
How the Company Makes Money
Premier Foods makes money mainly by manufacturing and selling branded packaged food products to customers such as UK supermarkets and grocery retailers, wholesalers, and other food distribution channels. Revenue is generated from the sale of produ...
Premier Foods Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call presented a generally positive outlook with strong growth in branded segments, market share gains, profitability improvements, and successful strategic investments. However, there are some challenges, such as the levy impact on profits and retailer performance polarization.Positive Updates
Strong Branded Growth
Q2 U.K. branded growth was up 3%, bringing H1 up to 2%. Total branded revenue for the half increased by 1.9%.
Negative Updates
Extended Producer Responsibility Levy Impact
This levy forced a full year's charge in the first half numbers, affecting reported profit delivery.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Branded Growth
Q2 U.K. branded growth was up 3%, bringing H1 up to 2%. Total branded revenue for the half increased by 1.9%.
Read all positive updates
Company Guidance
During the Premier Foods Half Year results Bond Investor Call, several key metrics and strategic insights were shared. The company reported a 3% increase in Q2 UK branded growth, bringing the H1 growth to 2%, despite earlier weather impacts in Q1. Total branded revenue grew by 1.9%, with market share gains of 130 basis points over three years. Trading profit is up by 7% and adjusted PBT by 10%, excluding the impact of the extended producer responsibility levy. The company has reduced its net debt to EBITDA to 1%, following the acquisition of Merchant Gourmet. CapEx guidance was increased from GBP 50 million to GBP 55 million, reflecting the deployment of capital into high-return projects. Internationally, in-market performance in Australia grew by 17% for Cake, although this did not translate to revenue due to stock holding adjustments. The company remains open to future acquisitions if they align with their strategic goals, maintaining a cadence of roughly one acquisition per year.Premier Foods Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.18B | 1.15B | 1.14B | 900.50M | 947.00M |
| Gross Profit | 428.00M | 413.00M | 406.50M | 300.10M | 304.90M |
| EBITDA | 253.90M | 232.40M | 222.70M | 169.70M | 179.60M |
| Net Income | 136.60M | 124.90M | 112.50M | 77.50M | 106.00M |
Balance Sheet | |||||
| Total Assets | 2.22B | 2.25B | 2.33B | 2.53B | 2.27B |
| Cash, Cash Equivalents and Short-Term Investments | 242.10M | 191.50M | 102.30M | 54.30M | 4.20M |
| Total Debt | 339.20M | 335.10M | 337.90M | 339.30M | 336.90M |
| Total Liabilities | 814.30M | 809.70M | 1.01B | 1.03B | 1.09B |
| Stockholders Equity | 1.41B | 1.44B | 1.33B | 1.51B | 1.18B |
Cash Flow | |||||
| Free Cash Flow | 145.40M | 116.70M | 88.90M | 66.90M | 62.00M |
| Operating Cash Flow | 186.00M | 158.10M | 121.70M | 90.10M | 85.60M |
| Investing Cash Flow | -96.00M | -41.40M | -62.10M | -23.20M | 13.80M |
| Financing Cash Flow | -39.40M | -27.50M | -20.70M | -13.70M | -276.20M |
Premier Foods Technical Analysis
Neutral
196.70
Price Trends
199.78
Positive
195.11
Positive
187.33
Positive
Market Momentum
0.63
Positive
48.33
Neutral
52.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PFD, the sentiment is Neutral. The current price of 196.7 is below the 20-day moving average (MA) of 201.81, below the 50-day MA of 199.78, and above the 200-day MA of 187.33, indicating a neutral trend. The MACD of 0.63 indicates Positive momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 52.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:PFD.
Premier Foods Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £2.93B | 18.76 | 14.99% | 2.06% | 9.52% | 17.22% | |
74 Outperform | £1.73B | 7.84 | 15.61% | 1.62% | 2.31% | 9.04% | |
69 Neutral | £1.58B | 161.43 | 0.73% | 0.79% | 25.76% | -73.03% | |
65 Neutral | £2.45B | 25.38 | 6.17% | 5.27% | 15.55% | 42.40% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | £461.17M | 9.64 | 14.17% | 7.01% | 5.67% | 22.05% |
* Consumer Defensive Sector Average
GB:PFD
Premier Foods
200.40
1.23
0.62%
GB:CWK
Cranswick
5,470.00
254.82
4.89%
GB:HFG
Hilton Food
513.50
-279.10
-35.21%
GB:TATE
Tate & Lyle
552.50
45.57
8.99%
GB:GNC
Greencore
198.90
-22.25
-10.06%
Premier Foods Corporate Events
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Premier Foods Publishes 2025/26 Annual Report and Sets July AGM
Neutral
Jun 2, 2026
Premier Foods has published its Annual Report for the 2025/26 financial year and will post it to shareholders following the release of its preliminary results for the 52-week period ended 28 March 2026. The Annual Report, along with the Notice of ...
Executive/Board Changes
Premier Foods Grants Deferred Bonus and Long-Term Incentive Share Awards to Top Executives
Neutral
Jun 1, 2026
Premier Foods has granted deferred bonus share awards to its chief executive and chief financial officer as part of their annual bonus for the year to 28 March 2026, delivering one-third of their bonuses in nil-cost share options that vest after t...
Regulatory Filings and Compliance
Premier Foods reports routine executive and PCA share dealings
Neutral
May 22, 2026
Premier Foods has disclosed a series of share transactions by senior executives and their closely associated persons, as required under the Market Abuse Regulation. On 21 May 2026, the chief executive, chief financial officer, general counsel and ...
Business Operations and StrategyDividendsFinancial Disclosures
Premier Foods lifts profit, cuts debt and hikes dividend on strong branded growth
Positive
May 14, 2026
Premier Foods reported another year of strong earnings growth, with headline branded revenue up 3.4% to £1.04bn and trading profit rising 6.7% to £200.4m, supported by robust innovation and market share gains in both grocery and sweet tr...
Regulatory Filings and Compliance
Premier Foods Confirms Updated Share Capital and Voting Rights
Neutral
Apr 1, 2026
Premier Foods has confirmed that its issued share capital at 31 March 2026 comprised 868,795,815 ordinary shares of 10 pence each, all carrying voting rights and with no shares held in treasury. This updated share count provides the official denom...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.