Added to YB: 2025-01-22
Pitch date: 2025-01-21
ABF.L [bullish]
Associated British Foods plc
-3.29%
current return
Author Info
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Company Info
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide.
Market Cap
GBP 14.5B
Pitch Price
GBP 19.43
Price Target
N/A
Dividend
4.50%
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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