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C&C Group

DB:GCC
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GCC
DB
£1B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, soft drinks, and bottled water in the Republic of Ireland, Scotland, England and Wales, the United States, Canada, and internationally. The last earnings update was 129 days ago. More info.


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GCC Share Price and Events
7 Day Returns
-1.4%
DB:GCC
-0.5%
DE Beverage
2.8%
DE Market
1 Year Returns
22.8%
DB:GCC
5.6%
DE Beverage
3%
DE Market
GCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
C&C Group (GCC) -1.4% -2.2% 0.6% 22.8% 13.3% 6%
DE Beverage -0.5% 2.4% -0.7% 5.6% 30% 68%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • GCC outperformed the Beverage industry which returned 5.6% over the past year.
  • GCC outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
GCC
Industry
5yr Volatility vs Market

Value

 Is C&C Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of C&C Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for C&C Group.

DB:GCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 7.1%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 12.5%) (34.02%))
0.771
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 7.14%)
5.94%

Discounted Cash Flow Calculation for DB:GCC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for C&C Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:GCC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.94%)
2020 87.10 Analyst x4 82.22
2021 89.05 Analyst x4 79.34
2022 91.80 Analyst x2 77.21
2023 93.66 Est @ 2.03% 74.36
2024 95.06 Est @ 1.49% 71.23
2025 96.11 Est @ 1.11% 67.98
2026 96.92 Est @ 0.85% 64.72
2027 97.56 Est @ 0.66% 61.49
2028 98.08 Est @ 0.53% 58.35
2029 98.51 Est @ 0.44% 55.32
Present value of next 10 years cash flows €692.00
DB:GCC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €98.51 × (1 + 0.23%) ÷ (5.94% – 0.23%)
€1,728.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,728.58 ÷ (1 + 5.94%)10
€970.71
DB:GCC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €692.00 + €970.71
€1,662.71
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,662.71 / 309.50
€5.37
DB:GCC Discount to Share Price
Calculation Result
Exchange Rate EUR/GBP
(Reporting currency to currency of LSE:CCR)
0.871
Value per Share
(GBP)
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €5.37 x 0.871
£4.68
Non-primary Listing Adjustment Factor 1 share in DB:GCC represents 1.07859x of LSE:CCR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.07859x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 4.68 x 1.07859
€5.05
Value per share (EUR) From above. €5.05
Current discount Discount to share price of €3.98
= -1 x (€3.98 - €5.05) / €5.05
21.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price C&C Group is available for.
Intrinsic value
21%
Share price is €3.98 vs Future cash flow value of €5.05
Current Discount Checks
For C&C Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • C&C Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • C&C Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for C&C Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are C&C Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in EUR €0.23
LSE:CCR Share Price ** LSE (2019-10-07) in GBP £3.69
LSE:CCR Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.148 €4.24
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of C&C Group.

DB:GCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CCR Share Price ÷ EPS (both in EUR)

= 4.24 ÷ 0.23

18.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • C&C Group is good value based on earnings compared to the DE Beverage industry average.
  • C&C Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does C&C Group's expected growth come at a high price?
Raw Data
DB:GCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
9.4%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:GCC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.07x ÷ 9.4%

1.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • C&C Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on C&C Group's assets?
Raw Data
DB:GCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in EUR €1.94
LSE:CCR Share Price * LSE (2019-10-07) in GBP £3.69
LSE:CCR Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.148 €4.24
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:GCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CCR Share Price ÷ Book Value per Share (both in EUR)

= 4.24 ÷ 1.94

2.19x

* Primary Listing of C&C Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • C&C Group is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess C&C Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. C&C Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is C&C Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is C&C Group expected to grow at an attractive rate?
  • C&C Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • C&C Group's earnings growth is positive but not above the Germany market average.
  • C&C Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GCC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GCC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 9.4%
DB:GCC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.6%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GCC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-02-29 1,793 1
2023-02-28 1,766 1
2022-02-28 1,717 107 99 3
2021-02-28 1,715 104 96 5
2020-02-29 1,658 103 90 4
2019-10-13
DB:GCC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-02-28 1,575 113 72
2018-11-30 1,335 79
2018-08-31 1,094 102 72
2018-05-31 821 89 69
2018-02-28 548 76 80
2017-11-30 565 2
2017-08-31 582 74 -77
2017-05-31 589 62 -75
2017-02-28 597 51 -73
2016-11-30 604 79 -14
2016-08-31 611 106 45
2016-05-31 637 114 46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • C&C Group's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • C&C Group's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from C&C Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GCC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-02-29
2023-02-28
2022-02-28
2021-02-28
2020-02-29
2019-10-13
DB:GCC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-02-28 0.23
2018-11-30 0.26
2018-08-31 0.23
2018-05-31 0.22
2018-02-28 0.26
2017-11-30 0.00
2017-08-31 -0.25
2017-05-31 -0.24
2017-02-28 -0.23
2016-11-30 -0.04
2016-08-31 0.14
2016-05-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • C&C Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess C&C Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
C&C Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has C&C Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare C&C Group's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • C&C Group's year on year earnings growth rate has been positive over the past 5 years.
  • C&C Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • C&C Group's 1-year earnings growth is negative, it can't be compared to the DE Beverage industry average.
Earnings and Revenue History
C&C Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from C&C Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GCC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 1,574.90 72.30 385.60
2018-11-30 1,334.50 78.75 290.60
2018-08-31 1,094.10 71.90 195.60
2018-05-31 821.15 69.10 195.60
2018-02-28 548.20 79.60 195.60
2017-11-30 565.25 1.50 202.20 0.05
2017-08-31 582.30 -76.60 208.80 0.10
2017-05-31 589.40 -74.75 208.80 0.10
2017-02-28 596.50 -72.90 208.80 0.10
2016-11-30 603.75 -14.00 204.40 0.10
2016-08-31 611.00 44.90 200.00 0.10
2016-05-31 636.80 46.15 200.00 0.10
2016-02-29 662.60 47.40 200.00 0.10
2015-11-30 668.50 -20.00 200.35 0.20
2015-08-31 674.40 -87.40 200.70 0.30
2015-05-31 679.15 -84.20 200.70 0.30
2015-02-28 683.90 -81.00 200.70 0.30
2014-11-30 667.75 6.05 195.30 0.30
2014-08-31 651.60 93.10 189.90 0.30
2014-05-31 635.90 88.20 189.90 0.30
2014-02-28 620.20 83.30 189.90 0.30
2013-11-30 585.20 80.15 174.25 0.30
2013-08-31 550.20 77.00 158.60 0.30
2013-05-31 513.55 83.20 158.60 0.30
2013-02-28 476.90 89.40 158.60 0.30
2012-11-30 476.20 92.35 166.95 0.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • C&C Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • C&C Group used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • C&C Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess C&C Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
C&C Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is C&C Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up C&C Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • C&C Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • C&C Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of C&C Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from C&C Group Company Filings, last reported 7 months ago.

DB:GCC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 598.00 446.00 144.40
2018-11-30 598.00 446.00 144.40
2018-08-31 557.30 522.80 242.40
2018-05-31 557.30 522.80 242.40
2018-02-28 546.90 383.50 145.50
2017-11-30 546.90 383.50 145.50
2017-08-31 496.40 390.70 217.70
2017-05-31 496.40 390.70 217.70
2017-02-28 538.40 358.60 187.60
2016-11-30 538.40 358.60 187.60
2016-08-31 639.30 346.70 190.50
2016-05-31 639.30 346.70 190.50
2016-02-29 684.70 361.30 197.30
2015-11-30 684.70 361.30 197.30
2015-08-31 807.30 367.10 247.30
2015-05-31 807.30 367.10 247.30
2015-02-28 773.20 339.70 181.90
2014-11-30 773.20 339.70 181.90
2014-08-31 885.80 266.90 116.00
2014-05-31 885.80 266.90 116.00
2014-02-28 852.10 308.00 162.80
2013-11-30 852.10 308.00 162.80
2013-08-31 799.80 309.30 161.80
2013-05-31 799.80 309.30 161.80
2013-02-28 779.70 244.40 121.00
2012-11-30 779.70 244.40 121.00
  • C&C Group's level of debt (74.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.1% vs 74.6% today).
  • Debt is well covered by operating cash flow (25.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).
X
Financial health checks
We assess C&C Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. C&C Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is C&C Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.61%
Current annual income from C&C Group dividends. Estimated to be 3.86% next year.
If you bought €2,000 of C&C Group shares you are expected to receive €72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • C&C Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • C&C Group's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GCC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GCC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-02-29
2023-02-28
2022-02-28 0.17 1.00
2021-02-28 0.16 1.00
2020-02-29 0.16 1.00
2019-10-13
DB:GCC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-10-07 0.153 3.664

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether C&C Group has stable dividend payments.
  • C&C Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of C&C Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess C&C Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can C&C Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. C&C Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of C&C Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stephen Glancey
COMPENSATION €1,777,000
AGE 58
TENURE AS CEO 7.8 years
CEO Bio

Mr. Stephen Glancey has been the Group Chief Executive Officer of C&C Group Plc since January 1, 2012. Mr. Glancey serves as a Consultant of Heineken U.K. Ltd. Previously, he served as the Chief Operating Officer of C&C Group since November 10, 2008 and its Group Finance Director since May 2009. He served as a Group Operations Director of Scottish & Newcastle UK Limited from September 2004 to April 2008 and served as its Consultant. He was responsible for integrating and managing its international manufacturing, supply chain, procurement and research & development. Mr. Glancey joined S&N in 1992 and has held a number of senior finance and commercial positions, including Finance Director of UK On Trade and then MD of UK ON Trade. Before that, served as UK Manufacturing and Distribution Director. He has worked with Ernst & Young, Whitbread. Mr. Glancey is a Chartered Accountant with experience in finance, sales and operations. He serves as Non-Executive Director of The Caledonian Brewing Company Ltd. He has been an Executive Director of C&C Group Plc since November 10, 2008. He served as Director of Scottish & Newcastle UK Limited until April 2008.

CEO Compensation
  • Stephen's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Stephen's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the C&C Group management team in years:

3.6
Average Tenure
52
Average Age
  • The tenure for the C&C Group management team is about average.
Management Team

Stephen Glancey

TITLE
Group CEO & Executive Director
COMPENSATION
€2M
AGE
58
TENURE
7.8 yrs

Jonathan Solesbury

TITLE
Group CFO & Director
COMPENSATION
€1M
AGE
54
TENURE
2.2 yrs

Andrea Pozzi

TITLE
Group COO & Director
COMPENSATION
€713K
AGE
47
TENURE
2.3 yrs

Mark Chilton

TITLE
Company Secretary & Group General Counsel
AGE
56
TENURE
0.7 yrs

Joris Brams

TITLE
Managing Director of International Division
COMPENSATION
€1M
AGE
50
TENURE
7.7 yrs

Joe Thompson

TITLE
Head of Investor Relations

Sarah Riley

TITLE
Group Director of Human Resources

Paul Bartlett

TITLE
Head of Corporate Affairs

David Johnston

TITLE
Company Secretary
AGE
47
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the C&C Group board of directors in years:

1.6
Average Tenure
58
Average Age
  • The average tenure for the C&C Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stewart Gilliland

TITLE
Independent Chairman
COMPENSATION
€179K
AGE
62
TENURE
1.3 yrs

Stephen Glancey

TITLE
Group CEO & Executive Director
COMPENSATION
€2M
AGE
58
TENURE
10.9 yrs

Jonathan Solesbury

TITLE
Group CFO & Director
COMPENSATION
€1M
AGE
54
TENURE
1.9 yrs

Andrea Pozzi

TITLE
Group COO & Director
COMPENSATION
€713K
AGE
47
TENURE
2.3 yrs

Emer Finnan

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
50
TENURE
5.4 yrs

Vincent Crowley

TITLE
Senior Independent Non-Executive Director
COMPENSATION
€78K
AGE
64
TENURE
0.3 yrs

Jim Clerkin

TITLE
Independent Non-Executive Director
COMPENSATION
€65K
AGE
65
TENURE
2.5 yrs

Jill Caseberry

TITLE
Independent Non-Executive Director
COMPENSATION
€4K
AGE
54
TENURE
0.7 yrs

Helen Pitcher

TITLE
Independent Non-Executive Director
COMPENSATION
€4K
AGE
61
TENURE
0.7 yrs

Jim Thompson

TITLE
Independent Non-Executive Director
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by C&C Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Jul 19 Buy Stewart Gilliland Individual 22. Jul 19 22. Jul 19 5,000 €4.09 €20,450
08. Jul 19 Buy Vincent Crowley Individual 04. Jul 19 04. Jul 19 10,000 €4.12 €41,200
22. May 19 Buy Stewart Gilliland Individual 22. May 19 22. May 19 10,000 €3.69 €36,893
11. Jan 19 Buy Stephen Glancey Individual 10. Jan 19 10. Jan 19 30,000 €3.00 €90,000
15. Nov 18 Buy Jim Clerkin Individual 13. Nov 18 13. Nov 18 18,000 €3.21 €57,364
25. Oct 18 Buy Stewart Gilliland Individual 25. Oct 18 25. Oct 18 15,000 €3.36 €50,461
X
Management checks
We assess C&C Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. C&C Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, soft drinks, and bottled water in the Republic of Ireland, Scotland, England and Wales, the United States, Canada, and internationally. The company offers its products under the Bulmers, Outcider, Tennent’s, Magners, Clonmel 1650, Five Lamps, Heverlee, Roundstone Irish Ale, Dowd’s Lane, Finches, Tipperary Water, Caledonia Best, Blackthorn, Olde English, Chaplin & Cork’s, Orchard Pig, K Cider, Gaymers, Woodchuck, Wyders, and Hornsby’s brands. It also distributes third party branded beers, wines, spirits, cider, and soft drinks. C&C Group plc was founded in 1935 and is headquartered in Dublin, the Republic of Ireland.

Details
Name: C&C Group plc
GCC
Exchange: DB
Founded: 1935
£1,310,899,151
309,497,737
Website: http://candcgroupplc.com
Address: C&C Group plc
Bulmers House,
Keeper Road,
Dublin,
Co. Dublin, 12,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CCR Ordinary Shares London Stock Exchange GB GBP 14. May 2004
OTCPK CGPZ.F Ordinary Shares Pink Sheets LLC US USD 14. May 2004
DB GCC Ordinary Shares Deutsche Boerse AG DE EUR 14. May 2004
BATS-CHIXE CCRL Ordinary Shares BATS 'Chi-X Europe' GB GBP 14. May 2004
BATS-CHIXE GCCI Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. May 2004
OTCPK CCGG.Y SPONSORED ADR Pink Sheets LLC US USD 11. Mar 2005
Number of employees
Current staff
Staff numbers
3,153
C&C Group employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 20:32
End of day share price update: 2019/10/07 00:00
Last estimates confirmation: 2019/10/09
Last earnings filing: 2019/06/06
Last earnings reported: 2019/02/28
Last annual earnings reported: 2019/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.