Tate & Lyle (TATE.L) stock price, revenue, and financials

Tate & Lyle market cap is £3.6 b, and annual revenue was £2.81 b in FY 2021

£3.6 B

TATE.L Mkt cap, 13-May-2022

£1.5 B

Tate & Lyle Revenue H1, 2022
Tate & Lyle Gross profit (H1, 2022)198 M
Tate & Lyle Net income (H1, 2022)102 M
Tate & Lyle EBITDA (H1, 2022)206 M
Tate & Lyle EBIT (H1, 2022)145 M
Tate & Lyle Cash, 30-Sept-2021396 M
Tate & Lyle EV4 B
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Tate & Lyle Revenue Breakdown

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Tate & Lyle revenue breakdown by business segment: 5.4% from SUCRALOSE, 34.6% from FOOD & BEVERAGE SOLUTIONS and 60.1% from PRIMARY PRODUCTS

Tate & Lyle Income Statement

Annual

GBPFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

2.7b2.8b2.9b2.8b

Cost of goods sold

(1.4b)(1.4b)(1.5b)(1.5b)

Gross profit

1.3b1.4b1.4b1.3b

R&D expense

(35.0m)(36.0m)(34.0m)(43.0m)

Operating expense total

(904.0m)(939.0m)(923.0m)(828.0m)

Depreciation and amortization

(155.0m)(153.0m)(174.0m)(183.0m)

EBITDA

472.0m478.0m522.0m503.0m

EBIT

319.0m267.0m324.0m278.0m

Interest expense

(34.0m)(31.0m)(33.0m)(31.0m)

Interest income

2.0m5.0m5.0m

Pre tax profit

286.0m240.0m296.0m283.0m

Income tax expense

(21.0m)(59.0m)(31.0m)(30.0m)

Net Income

265.0m181.0m265.0m253.0m

Half Year

GBPH1, 2019H1, 2020H1, 2021H1, 2022

Revenue

1.4b1.5b1.4b1.5b

Cost of goods sold

(1.2b)(1.2b)(1.1b)(1.3b)

Gross profit

188.0m263.0m247.0m198.0m

Depreciation and amortization

(75.0m)(97.0m)(88.0m)(61.0m)

EBITDA

201.0m276.0m260.0m206.0m

EBIT

126.0m179.0m172.0m145.0m

Interest expense

(15.0m)(19.0m)(16.0m)(14.0m)

Interest income

2.0m4.0m1.0m

Pre tax profit

113.0m164.0m157.0m131.0m

Income tax expense

(32.0m)(33.0m)(24.0m)(29.0m)

Net Income

81.0m131.0m133.0m102.0m

Tate & Lyle Balance Sheet

Annual

GBPFY, 2018FY, 2019FY, 2020FY, 2021

Cash

190.0m285.0m271.0m371.0m

Accounts Receivable

266.0m291.0m294.0m295.0m

Prepaid Expenses

17.0m19.0m26.0m25.0m

Inventories

419.0m434.0m456.0m532.0m

Current Assets

928.0m1.1b1.1b1.3b

PP&E

965.0m982.0m1.2b984.0m

Goodwill

204.0m198.0m202.0m228.0m

Total Assets

2.6b2.8b2.9b3.0b

Accounts Payable

192.0m234.0m250.0m267.0m

Short-term debt

16.0m224.0m40.0m42.0m

Current Liabilities

402.0m681.0m508.0m557.0m

Long-term debt

554.0m373.0m682.0m746.0m

Non-Current Liabilities

802.0m623.0m944.0m959.0m

Total Debt

570.0m597.0m722.0m788.0m

Total Liabilities

1.2b1.3b1.5b1.5b

Common Stock

117.0m117.0m117.0m117.0m

Additional Paid-in Capital

406.0m406.0m406.0m407.0m

Retained Earnings

677.0m741.0m629.0m783.0m

Total Equity

1.4b1.5b1.4b1.5b

Half Year

GBPH1, 2019H1, 2020H1, 2021H1, 2022

Cash

284.0m361.0m484.0m396.0m

Accounts Receivable

346.0m315.0m314.0m392.0m

Prepaid Expenses

3.0m5.0m5.0m11.0m

Inventories

417.0m413.0m391.0m515.0m

Current Assets

1.1b1.1b1.2b2.3b

PP&E

989.0m1.2b1.2b380.0m

Goodwill

354.0m348.0m328.0m290.0m

Total Assets

2.8b2.9b2.9b3.1b

Accounts Payable

354.0m305.0m333.0m478.0m

Short-term debt

24.0m256.0m42.0m106.0m

Current Liabilities

489.0m677.0m457.0m754.0m

Long-term debt

577.0m538.0m800.0m699.0m

Non-Current Liabilities

858.0m806.0m1.0b856.0m

Total Debt

601.0m794.0m842.0m805.0m

Total Liabilities

1.3b1.5b1.5b1.6b

Common Stock

117.0m117.0m117.0m117.0m

Additional Paid-in Capital

406.0m406.0m407.0m407.0m

Retained Earnings

660.0m575.0m674.0m779.0m

Total Equity

1.4b1.4b1.4b1.5b

Tate & Lyle Cash Flow

Annual

GBPFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

286.0m240.0m296.0m283.0m

Depreciation and Amortization

154.0m152.0m172.0m175.0m

Accounts Receivable

(41.0m)11.0m(38.0m)

Inventories

(8.0m)(16.0m)(27.0m)

Accounts Payable

19.0m19.0m40.0m

Cash From Operating Activities

286.0m330.0m385.0m369.0m

Cash From Investing Activities

(102.0m)(111.0m)(129.0m)(205.0m)

Short-term Borrowings

(1.0m)(2.0m)

Long-term Borrowings

(73.0m)4.0m(77.0m)149.0m

Dividends Paid

(131.0m)(134.0m)(137.0m)(137.0m)

Cash From Financing Activities

(232.0m)(140.0m)(273.0m)(29.0m)

Net Change in Cash

(71.0m)95.0m(14.0m)100.0m

Half Year

GBPH1, 2019H1, 2020H1, 2021H1, 2022

Net Income

113.0m164.0m157.0m131.0m

Depreciation and Amortization

75.0m97.0m88.0m61.0m

Cash From Operating Activities

211.0m230.0m245.0m179.0m

Cash From Investing Activities

(30.0m)(45.0m)(60.0m)(41.0m)

Short-term Borrowings

(1.0m)(18.0m)(18.0m)

Long-term Borrowings

1.0m(1.0m)153.0m1.0m

Dividends Paid

(94.0m)(97.0m)(97.0m)(102.0m)

Cash From Financing Activities

(101.0m)(124.0m)34.0m(121.0m)

Net Change in Cash

94.0m76.0m213.0m25.0m

Tate & Lyle Ratios

GBPFY, 2018

EV/EBITDA

7.1 x

EV/EBIT

10.6 x

EV/CFO

11.8 x

Revenue/Employee

650.0k

Tate & Lyle Operating Metrics

FY, 2017FY, 2018FY, 2019FY, 2020

Cash Donated to Charity

£660 k£479 k£490 k£443 k

Corn Processed, acres

1.4 m1.4 m1.5 m1.5 m

Corn Wet Mills (Europe)

2222

Corn Wet Mills (US)

4444

Countries

35

Countries (Customers)

120120120

Countries (Facilities)

303030

Divisions

2222

Laboratories

18

Meals Provided to People in Need

300 k450 k

Patents Issued

59888436

Patents Pending

370290

Patents in Issue

384356

Production Facilities

20

Projects in Pipeline

300

Students Trained

8 k10 k

Tate & Lyle Human Capital

FY, 2020FY, 2019FY, 2018FY, 2017
Male, percent35.5%35.5%36%36.5%
Female, percent14.5%14.5%14%13.5%
Male (Supervisory Board), percent35%35%39%32%
Female (Supervisory Board), percent15%15%11%18%

Tate & Lyle Employee Rating

3.6393 votes
Culture & Values
3.8
Work/Life Balance
3.5
Senior Management
3.2
Salary & Benefits
3.7
Career Opportunities
3.1
Source