Added to YB: 2025-01-22
Pitch date: 2025-01-21
ABF.L [bullish]
Associated British Foods plc
-2.44%
current return
Author Info
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Company Info
Associated British Foods plc engages in the food, ingredients, and retail businesses worldwide. It operates through five segments: Retail, Grocery, Ingredients, Sugar, and Agriculture.
Market Cap
GBP 13.2B
Pitch Price
GBP 18.86
Price Target
N/A
Dividend
3.34%
EV/EBITDA
6.30
P/E
14.15
EV/Sales
0.85
Sector
Food Products
Category
value
Associated British Foods is priced for apathy and ignorance
ABF.L: Undervalued conglomerate at 10.6x NTM P/E. Diversified global ops: Primark (55% LTM op profit), Grocery (25%), Sugar, Ingredients. Record £1.9B EBIT. £1.1B 3yr capex > D&A for growth. 65% profit ex-UK. 5% buyback + 3.1% div. Market misunderstands as UK grocer, ignoring all-time results at decade-low multiple.
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