Wynnstay (WYN)

Company name:	Wynnstay Group Plc
Company Description:	A group engaged in the supply of agricultural feeding stuffs; the distribution of arable farm inputs and the merchanting of general agricultural products
EPIC:	WYN	Trading Currency:	GBX
Market Sector:	AIMP	ISIN:	GB0034212331
Market Segment:	ASX1	Share Type:	DE
WWW Address:	https://wynnstayplc.co.uk/	Description:	ORD 25P
Industry Sector:	FOOD PRODUCERS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
345.00	0.0 [0.00]	340.00	350.00	345.00	345.00	345.00	7,301
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
67.91	19.68	0.10	30.95	14.00	11.15	4.06	352.50 - 190.00

Wynnstay Key Figures

(at previous day's close)
Market Cap.	67.91	m
Shares In Issue	19.68	m
Prev. Close	345.00
PE Ratio	11.15
Dividend Yield	4.06	%
EPS - basic	30.95	p
Dividend PS	14.00	p
Dividend Cover	2.21
Cash Flow PS	65.49	p
Return On Equity (ROE)	6.46	%
Operating Margin	1.54	%
PEG Factor	-0.53
EPS Growth Rate	-20.86	%
Dividends PS Growth Rate	4.79	%
Net Debt	59.59	m
Gross Gearing	42.51	%
Quick Assets	78.91	m
Net Working Capital	54.45	m
Intangibles / Fixed Assets	34.61	%
Turnover PS	2,492.37	p
Pre-Tax Profit PS	38.37	p
Retained Profit PS	17.52	p
Cash PS	53.89	p
Net Cash PS	-284.92	p
Net Tangible Asset Value PS *	404.99	p
Net Asset Value PS	482.36	p
Spread	10.00 (2.86%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Wynnstay Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	345.00	345.00
4 weeks	351.00	325.00
12 weeks	352.50	282.50
1 year	352.50	190.00

Share Price Chart (5 years)

Wynnstay Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	345.00	-	-	345.00	0.09		345.00
4 weeks	325.00	20.00	6.15	325.00	0.11		343.00
12 weeks	287.50	57.50	20.00	282.50	0.07		337.37
26 weeks	325.00	20.00	6.15	282.50	0.04		334.48
1 year	292.50	52.50	17.95	190.00	0.06		294.78
3 years	475.00	-130.00	-27.37	190.00	0.03		329.51
5 years	535.00	-190.00	-35.51	190.00	0.02		365.76
† periods calculated are whole weeks rather than calendar months

Wynnstay Key Management Ratios

Wynnstay Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	3.49
PE Ratio	11.15
Tobin's Q Ratio	0.40
Tobin's Q Ratio (excl. intangibles)	0.44
Dividend Yield	4.06	%
Market-to-Book Ratio	0.72
Price-to-Pre-Tax Profit PS	8.99
Price-to-Retained Profit PS	19.69
Price-to-Cash Flow PS	5.27
Price-to-Sales PS	0.14
Price-to-Net Tangible Asset Value PS	0.85
Price-to-Cash PS	6.40
Net Working Capital PS	276.64
Price Pct to Working Capital PS	1.25	%
Earnings Yield	8.97	%
Average PE	13.22
Years in average	4
PE to PE average	84.32	%

Wynnstay Financial Ratios

(Leverage Ratios)
Debt Ratio	3.56	%
Debt-to-Equity Ratio	0.04
Debt-to-Equity Ratio (excl. Intgbl)	0.04
Debt-to-Equity Market Value	0.05
Net Gearing	36.08	%
Net Gearing (excl. Intangibles)	39.75	%
Gross Gearing	42.51	%
Gross Gearing (excl. Intangibles)	46.83	%
Gearing Under 1 Year	40.38	%
Gearing Under 1 Year (excl. Intgbl)	44.49	%
Assets/Equity	1.74
Cash/Equity	11.17
(Liquidity Ratios)
Net Working Capital to Total Assets	32.97	%
Current Ratio	1.82
Quick Ratio (Acid Test)	1.18
Liquidity Ratio	0.16
Cash & Equiv/Current Assets	8.76	%
(Solvency Ratios)
Enterprise Value	60.81	m
CFO/Sales	0.03
CFO/Attributable Profit	2.10
CFO/Assets	0.08
CFO/Debt	0.18
Total Debt/Equity Market Value	1.03
Total Debt/Sales	0.14
Total Debt/Pre-Tax Profit	9.29
Total Debt	70.20	m
Total Debt/Net Current Assets	1.29	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	1.20	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.1004	0.1119

Wynnstay Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	7.67	%
Return On Assets (ROA)	3.61	%
Net Profit Margin	1.25	%
Assets Turnover	2.89
Return On Equity (ROE)	6.46	%
Return On Investment (ROI)	6.33	%
Dividend Payout Ratio	45.23	%
Plowback Ratio	54.77	%
Growth from Plowback Ratio	3.61	%
Net Income Of Revenues	0.70	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	5.27
Fixed Assets Turnover	11.39
Current Assets Turnover	3.87
Net Working Capital Turnover
Inventory Turnover	10.38
(Other Operating Ratios)
Total Assets-to-Sales	0.35
Debtors-to-Sales	14.47	%
Debt Collection Period	52.83	Days

Wynnstay Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
22 Jan 2020	Final	GBX	9.40	31/10/2018	31/10/2019	26/03/2020	27/03/2020	30/04/2020	14.00
26 Jun 2019	Interim	GBX	4.60	31/10/2018	31/10/2019	26/09/2019	27/09/2019	31/10/2019	-
23 Jan 2019	Final	GBX	8.95	31/10/2017	31/10/2018	28/03/2019	29/03/2019	30/04/2019	13.36
20 Jun 2018	Interim	GBX	4.41	31/10/2017	31/10/2018	27/09/2018	28/09/2018	31/10/2018	-
31 Jan 2018	Final	GBX	8.40	31/10/2016	31/10/2017	02/04/2018	03/04/2018	30/04/2018	12.60
21 Jun 2017	Interim	GBX	4.20	31/10/2016	31/10/2017	28/09/2017	29/09/2017	31/10/2017	-
26 Jan 2017	Final	GBX	8.00	31/10/2015	31/10/2016	30/03/2017	31/03/2017	28/04/2017	12.00
29 Jun 2016	Interim	GBX	4.00	31/10/2015	31/10/2016	29/09/2016	30/09/2016	31/10/2016	-
27 Jan 2016	Final	GBX	7.40	31/10/2014	31/10/2015	28/03/2016	29/03/2016	29/04/2016	11.10
24 Jun 2015	Interim	GBX	3.70	31/10/2014	31/10/2015	24/09/2015	25/09/2015	30/10/2015	-
21 Jan 2015	Final	GBX	6.80	31/10/2013	31/10/2014	26/03/2015	27/03/2015	30/04/2015	10.20
18 Jun 2014	Interim	GBX	3.40	31/10/2013	31/10/2014	24/09/2014	26/09/2014	31/10/2014	-
28 Jan 2014	Final	GBX	6.20	31/10/2012	31/10/2013	26/03/2014	28/03/2014	30/04/2014	9.30
19 Jun 2013	Interim	GBX	3.10	31/10/2012	31/10/2013	25/09/2013	27/09/2013	31/10/2013	-
23 Jan 2013	Final	GBX	5.65	31/10/2011	31/10/2012	27/03/2013	02/04/2013	30/04/2013	8.50
26 Jun 2012	Interim	GBX	2.85	31/10/2011	31/10/2012	26/09/2012	28/09/2012	31/10/2012	-
25 Jan 2012	Final	GBX	5.20	31/10/2010	31/10/2011	28/03/2012	30/03/2012	30/04/2012	7.80
22 Jun 2011	Interim	GBX	2.60	31/10/2010	31/10/2011	28/09/2011	30/09/2011	31/10/2011	-
26 Jan 2011	Final	GBX	4.70	31/10/2009	31/10/2010	29/03/2011	01/04/2011	28/04/2011	7.10
16 Jun 2010	Interim	GBX	2.40	31/10/2009	31/10/2010	29/09/2010	01/10/2010	29/10/2010	-
20 Jan 2010	Final	GBX	4.30	31/10/2008	31/10/2009	24/03/2010	26/03/2010	30/04/2010	6.50
17 Jun 2009	Interim	GBX	2.20	30/10/2008	30/04/2009	30/09/2009	02/10/2009	30/10/2009	-
21 Jan 2009	Final	GBX	4.00	31/10/2007	31/10/2008	25/03/2009	27/03/2009	30/04/2009	6.00
18 Jun 2008	Interim	GBX	2.00	30/10/2007	30/04/2008	01/10/2008	03/10/2008	31/10/2008	-
23 Jan 2008	Final	GBX	3.63	31/10/2006	31/10/2007	26/03/2008	28/03/2008	30/04/2008	5.50
15 Jun 2007	Interim	GBX	1.88	30/10/2006	30/04/2007	26/09/2007	28/09/2007	31/10/2007	-
22 Jan 2007	Final	GBX	3.50	31/10/2005	31/10/2006	28/03/2007	30/03/2007	30/04/2007	5.25
21 Jun 2006	Interim	GBX	1.75	30/10/2005	30/04/2006	27/09/2006	29/09/2006	31/10/2006	-
26 Jan 2006	Final	GBX	5.00	31/10/2004	31/10/2005	29/03/2006	31/03/2006	28/04/2006	5.00
26 Jan 2005	Final	GBX	4.50	31/10/2003	31/10/2004	30/03/2005	01/04/2005	30/04/2005	4.50

Wynnstay Fundamentals

	31 Oct 2016 (GBP)		31 Oct 2017 (GBP)		31 Oct 2018 (GBP)		31 Oct 2019 (GBP)
turnover	368.14	100.00%	390.72	100.00%	462.66	100.00%	490.60	100.00%	m
pre tax profit	7.29	1.98%	7.66	1.96%	9.53	2.06%	7.55	1.54%	m
attributable profit	5.83	1.58%	-0.28	-0.07%	7.71	1.67%	6.13	1.25%	m
retained profit	3.62	0.98%	-2.67	-0.68%	5.18	1.12%	3.45	0.70%	m
eps - basic (p)	30.01		-1.43		39.11		30.95
eps - diluted (p)	29.81		-1.42		38.94		30.95
dividends per share	12.00		12.60		13.36		14.00

Wynnstay Balance Sheet

	31 Oct 2016 (GBP)		31 Oct 2017 (GBP)		31 Oct 2018 (GBP)		31 Oct 2019 (GBP)


	31 Oct 2016 (GBP)		31 Oct 2017 (GBP)		31 Oct 2018 (GBP)		31 Oct 2019 (GBP)
ASSETS
fixed assets	20.54	14.75%	18.71	13.02%	21.98	12.58%	23.23	14.06%	m
intangibles	18.15	13.04%	14.36	10.00%	14.91	8.53%	15.23	9.22%	m
fixed investments	5.83	4.19%	5.82	4.05%	5.24	3.00%	5.55	3.36%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	31.34	22.52%	30.06	20.92%	52.25	29.90%	42.24	25.58%	m
debtors	53.21	38.23%	65.81	45.81%	73.72	42.18%	68.30	41.36%	m
cash & securities	10.11	7.26%	8.91	6.20%	6.68	3.82%	10.61	6.42%	m

TOTAL	139.18	100%	143.66	100%	174.77	100%	165.15	100%	m

LIABILITIES
creditors - short	48.28	34.69%	56.10	39.05%	79.51	45.50%	66.69	40.38%	m
creditors - long	3.95	2.84%	2.17	1.51%	4.18	2.39%	3.51	2.12%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	52.23	37.53%	58.27	40.56%	83.69	47.89%	70.20	42.51%	m

EQUITY
ord cap, reserves	86.95	62.47%	85.39	59.44%	91.07	52.11%	94.95	57.49%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	86.95	62.47%	85.39	59.44%	91.07	52.11%	94.95	57.49%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Wynnstay Cash Flow Statement

	31 Oct 2016 (GBP)	31 Oct 2017 (GBP)	31 Oct 2018 (GBP)	31 Oct 2019 (GBP)
Operating CF	7.41	4.69	0.97	12.89	m
Pre-Financing CF	5.15	2.53	-1.04	10.01	m
Retained CF	0.36	-1.20	-2.24	3.93	m

Wynnstay Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Liberum Capital Limited	Market Maker(MMF)	Broker/Dealer	LIBC	LCAPGB21
Shore Capital Stockbrokers Ltd	Market Maker(MMF)	Broker/Dealer	SCAP	SHOCGB21
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC