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Caribbean Flavours and Fragrances

JMSE:CFF
Snowflake Description

Excellent balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CFF
JMSE
JMD939M
Market Cap
  1. Home
  2. JM
  3. Food, Beverage & Tobacco
Company description

Caribbean Flavours and Fragrances Limited manufactures and distributes flavors for the food, beverage, baking, and confectionary industries. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Caribbean Flavours and Fragrances has significant price volatility in the past 3 months.
CFF Share Price and Events
7 Day Returns
4.4%
JMSE:CFF
2%
JM Food
2.5%
JM Market
1 Year Returns
-38.9%
JMSE:CFF
-1.3%
JM Food
-6.7%
JM Market
CFF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Caribbean Flavours and Fragrances (CFF) 4.4% -34.3% -30.4% -38.9% -24.3% -
JM Food 2% -33.2% -34.6% -1.3% 5.2% -15.1%
JM Market 2.5% -24.5% -30.7% -6.7% 48.8% 246.5%
1 Year Return vs Industry and Market
  • CFF underperformed the Food industry which returned -1.3% over the past year.
  • CFF underperformed the Market in Jamaica which returned -6.7% over the past year.
Price Volatility
CFF
Industry
5yr Volatility vs Market

CFF Value

 Is Caribbean Flavours and Fragrances 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 Caribbean Flavours and Fragrances 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 Caribbean Flavours and Fragrances.

JMSE:CFF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in JMD JMD .250000
Payout Ratio Company Filings (2019-12-31) 2289.3%
Discount Rate (Cost of Equity) See below 18.4%
Perpetual Growth Rate 10-Year JM Government Bond Rate 7.5%

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 JMSE:CFF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JM Govt Bond Rate 7.5%
Equity Risk Premium S&P Global 13.7%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.567 (1 + (1- 25%) (9.41%))
0.737
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)
= 7.47% + (0.8 * 13.68%)
18.41%

Discounted Cash Flow Calculation for JMSE:CFF using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Caribbean Flavours and Fragrances is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

JMSE:CFF Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= JMD0.25 / (18.41% - 7.47%)
JMD2.28
JMSE:CFF Discount to Share Price
Calculation Result
Value per share (JMD) From above. JMD2.28
Current discount Discount to share price of JMD10.44
= -1 x (JMD10.44 - JMD2.28) / JMD2.28
-357%

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

  • The current share price of Caribbean Flavours and Fragrances is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Caribbean Flavours and Fragrances's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Caribbean Flavours and Fragrances's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JMSE:CFF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JMD JMD0.35
JMSE:CFF Share Price ** JMSE (2020-03-31) in JMD JMD10.44
Jamaica Food Industry PE Ratio Median Figure of 9 Publicly-Listed Food Companies 15.74x
Jamaica Market PE Ratio Median Figure of 65 Publicly-Listed Companies 15.74x

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

** Primary Listing of Caribbean Flavours and Fragrances.

JMSE:CFF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JMSE:CFF Share Price ÷ EPS (both in JMD)

= 10.44 ÷ 0.35

29.8x

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

  • Caribbean Flavours and Fragrances is overvalued based on earnings compared to the JM Food industry average.
  • Caribbean Flavours and Fragrances is overvalued based on earnings compared to the Jamaica market.
Price based on expected Growth
Does Caribbean Flavours and Fragrances's expected growth come at a high price?
Raw Data
JMSE:CFF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South America Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.36x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Caribbean Flavours and Fragrances, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Caribbean Flavours and Fragrances's assets?
Raw Data
JMSE:CFF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JMD JMD4.89
JMSE:CFF Share Price * JMSE (2020-03-31) in JMD JMD10.44
Jamaica Food Industry PB Ratio Median Figure of 10 Publicly-Listed Food Companies 1.96x
Jamaica Market PB Ratio Median Figure of 72 Publicly-Listed Companies 2.08x
JMSE:CFF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JMSE:CFF Share Price ÷ Book Value per Share (both in JMD)

= 10.44 ÷ 4.89

2.14x

* Primary Listing of Caribbean Flavours and Fragrances.

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

  • Caribbean Flavours and Fragrances is overvalued based on assets compared to the JM Food industry average.
X
Value checks
We assess Caribbean Flavours and Fragrances'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Caribbean Flavours and Fragrances has a total score of 0/6, 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.

CFF Future Performance

 How is Caribbean Flavours and Fragrances expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Caribbean Flavours and Fragrances has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8.1%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Caribbean Flavours and Fragrances expected to grow at an attractive rate?
  • Unable to compare Caribbean Flavours and Fragrances's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Caribbean Flavours and Fragrances's earnings growth to the market average as no estimate data is available.
  • Unable to compare Caribbean Flavours and Fragrances's revenue growth to the market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JMSE:CFF Future Growth Rates Data Sources
Data Point Source Value (per year)
South America Food Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
South America Food Industry Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
JMSE:CFF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JMD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JMSE:CFF Past Financials Data
Date (Data in JMD Millions) Revenue Cash Flow Net Income *
2019-12-31 462 34 32
2019-09-30 478 57 55
2019-06-30 466 72 68
2019-03-31 473 -2 74
2018-12-31 450 31 77
2018-06-30 424 29 87
2018-03-31 413 49 86
2017-12-31 413 66 83
2017-09-30 409 82 81
2017-06-30 411 47 83
2017-03-31 397 65 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Caribbean Flavours and Fragrances is high growth as no earnings estimate data is available.
  • Unable to determine if Caribbean Flavours and Fragrances is high growth as no revenue estimate data is available.
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
JMSE:CFF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Caribbean Flavours and Fragrances Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JMSE:CFF Past Financials Data
Date (Data in JMD Millions) EPS *
2019-12-31 0.35
2019-09-30 0.61
2019-06-30 0.75
2019-03-31 0.82
2018-12-31 0.86
2018-06-30 0.97
2018-03-31 0.95
2017-12-31 0.91
2017-09-30 0.90
2017-06-30 0.92
2017-03-31 0.80

*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.
  • Unable to establish if Caribbean Flavours and Fragrances will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Caribbean Flavours and Fragrances's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Caribbean Flavours and Fragrances's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Caribbean Flavours and Fragrances'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 South America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America 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.
Caribbean Flavours and Fragrances has a total score of 0/6, 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.

CFF Past Performance

  How has Caribbean Flavours and Fragrances 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 Caribbean Flavours and Fragrances's growth in the last year to its industry (Food).
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.
  • Caribbean Flavours and Fragrances's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Caribbean Flavours and Fragrances's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Caribbean Flavours and Fragrances's 1-year earnings growth is negative, it can't be compared to the JM Food industry average.
Earnings and Revenue History
Caribbean Flavours and Fragrances'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 Caribbean Flavours and Fragrances Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JMSE:CFF Past Revenue, Cash Flow and Net Income Data
Date (Data in JMD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 462.46 31.50 115.14
2019-09-30 478.40 54.89 107.46
2019-06-30 466.43 67.74 100.52
2019-03-31 473.39 73.77 101.74
2018-12-31 449.53 77.25 96.78
2018-06-30 423.68 87.21 92.48
2018-03-31 412.94 85.91 84.92
2017-12-31 413.04 82.50 87.64
2017-09-30 409.08 80.66 87.37
2017-06-30 410.64 82.88 85.23
2017-03-31 397.06 72.50 90.28
2016-12-31 381.91 79.63 78.72
2016-09-30 376.18 73.92 73.38
2016-06-30 362.50 74.07 69.50
2016-03-31 362.28 75.19 63.67
2015-12-31 355.75 73.37 65.37
2015-09-30 330.95 67.26 59.16
2015-06-30 306.81 57.72 58.86
2015-03-31 277.42 46.59 55.68
2014-12-31 273.03 43.66 53.90
2014-09-30 256.65 43.87 56.22
2014-06-30 255.36 47.39 54.53
2014-03-31 256.05 30.75 66.29
2013-12-31 240.00 29.63 63.20
2013-09-30 234.06 35.89 57.67
2013-06-30 229.89 38.83 56.23

*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.
  • Caribbean Flavours and Fragrances has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Caribbean Flavours and Fragrances used its assets less efficiently than the JM Food industry average last year based on Return on Assets.
  • Caribbean Flavours and Fragrances's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Caribbean Flavours and Fragrances'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 Food 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.
Caribbean Flavours and Fragrances has a total score of 1/6, 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.

CFF Health

 How is Caribbean Flavours and Fragrances'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 Caribbean Flavours and Fragrances's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Caribbean Flavours and Fragrances is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Caribbean Flavours and Fragrances's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Caribbean Flavours and Fragrances'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 95.9x 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 Caribbean Flavours and Fragrances Company Filings, last reported 3 months ago.

JMSE:CFF Past Debt and Equity Data
Date (Data in JMD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 439.27 4.83 176.10
2019-09-30 455.16 6.12 241.51
2019-06-30 462.38 6.45 258.23
2019-03-31 439.09 6.94 190.77
2018-12-31 427.16 7.43 172.29
2018-06-30 417.78 8.89 228.68
2018-03-31 388.45 9.36 240.97
2017-12-31 373.04 9.81 234.23
2017-09-30 348.57 10.38 225.35
2017-06-30 330.57 10.93 152.42
2017-03-31 322.21 11.88 206.77
2016-12-31 310.20 12.23 183.95
2016-09-30 287.57 12.70 160.96
2016-06-30 276.35 0.00 139.63
2016-03-31 258.70 0.00 150.21
2015-12-31 239.57 0.00 124.33
2015-09-30 222.64 0.00 103.50
2015-06-30 202.28 0.00 103.49
2015-03-31 195.65 0.00 97.49
2014-12-31 178.34 0.09 78.50
2014-09-30 170.17 0.40 84.93
2014-06-30 153.56 0.69 79.90
2014-03-31 154.90 1.22 82.28
2013-12-31 140.52 1.35 82.84
2013-09-30 64.58 8.29 9.60
2013-06-30 64.58 8.29 9.60
  • Caribbean Flavours and Fragrances's level of debt (1.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 1.1% today).
  • Debt is well covered by operating cash flow (693.2%, greater than 20% of total debt).
  • Caribbean Flavours and Fragrances earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Caribbean Flavours and Fragrances'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. Caribbean Flavours and Fragrances has a total score of 5/6, 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.

CFF Dividends

 What is Caribbean Flavours and Fragrances'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
2.39%
Current annual income from Caribbean Flavours and Fragrances dividends.
If you bought JMD2,000 of Caribbean Flavours and Fragrances shares you are expected to receive JMD48 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?
  • Caribbean Flavours and Fragrances's pays a higher dividend yield than the bottom 25% of dividend payers in Jamaica (1.35%).
  • Caribbean Flavours and Fragrances's dividend is below the markets top 25% of dividend payers in Jamaica (3.96%).
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
JMSE:CFF 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 0 Analyst Estimates (S&P Global) See Below
Jamaica Food Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.7%
Jamaica Market Average Dividend Yield Market Cap Weighted Average of 47 Stocks 3.2%
Jamaica Minimum Threshold Dividend Yield 10th Percentile 0.9%
Jamaica Bottom 25% Dividend Yield 25th Percentile 1.4%
Jamaica Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

JMSE:CFF Past Annualized Dividends Data
Date (Data in JMD) Dividend per share (annual) Avg. Yield (%)
2020-02-28 0.250 2.397
2019-03-01 0.250 1.623
2018-06-15 0.250 1.519
2016-09-14 0.100 0.942
2015-08-28 0.100 1.529

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

  • Whilst dividend payments have been stable, Caribbean Flavours and Fragrances has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Caribbean Flavours and Fragrances only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Caribbean Flavours and Fragrances's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Caribbean Flavours and Fragrances's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Caribbean Flavours and Fragrances afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Caribbean Flavours and Fragrances has a total score of 2/6, see the detailed checks below.


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

CFF Management

 What is the CEO of Caribbean Flavours and Fragrances'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
Derrick Cotterell
TENURE AS CEO 4.3 years
CEO Bio

Mr. Derrick F. Cotterell, M.B.A., B. Sc. (Hons), has been Managing Director of Caribbean Flavours and Fragrances Limited since January 1, 2016. Mr. Cotterell is Founder of Derrimon Trading Company Limited and serves as its Chief Executive Officer. Mr. Cotterell has over 30 years' experience in sales, marketing and general management gained during his previous career at Grace Kennedy and Company Limited where he held several managerial positions such as Area Manager, Divisional Manager and Business Unit Manager. He has been Chairman and Executive Director of Derrimon Trading Company Limited since 2009 and 1998 respectively. He has been an Executive Director at Caribbean Flavours and Fragrances Limited since November 2014. He also serves as a director of the Governor General of Jamaica's I Believe Initiative which seeks to improve the lives of young Jamaicans and as a Deacon of the Fellowship Tabernacle Church in Kingston where he is an active member of the Church community. He is a graduate of the University of the West Indies (Bachelor of Science degree (B.Sc.) in Management Studies) and Florida International University (Master of Business Administration degree (M.B.A.).

CEO Compensation
  • Insufficient data for Derrick to compare compensation growth.
  • Insufficient data for Derrick to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Caribbean Flavours and Fragrances management team in years:

4.3
Average Tenure
  • The tenure for the Caribbean Flavours and Fragrances management team is about average.
Management Team

Derrick Cotterell

TITLE
MD & Executive Director
TENURE
4.3 yrs

Ian Kelly

TITLE
CFO, Corporate Secretary & Executive Director
TENURE
4.3 yrs

Rechal Turner

TITLE
Operations Manager

Christopher Carless

TITLE
Chief Accountant

Anand James

TITLE
Technical Consultant
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure of the Caribbean Flavours and Fragrances board of directors in years:

5.4
Average Tenure
  • The tenure for the Caribbean Flavours and Fragrances board of directors is about average.
Board of Directors

Howard Mitchell

TITLE
Independent Chairman of the Board
TENURE
1.7 yrs

Derrick Cotterell

TITLE
MD & Executive Director
TENURE
5.4 yrs

Ian Kelly

TITLE
CFO, Corporate Secretary & Executive Director
TENURE
5.4 yrs

Anand James

TITLE
Technical Consultant
TENURE
9.2 yrs

Clive Nicholas

TITLE
Independent Non Executive Director
TENURE
6.8 yrs

Carlton Samuels

TITLE
Independent Non Executive Director
TENURE
4.4 yrs

Tania Waldron-Gooden

TITLE
Board Mentor & Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (JMD) Value (JMD)
X
Management checks
We assess Caribbean Flavours and Fragrances'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. Caribbean Flavours and Fragrances 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.

CFF News

Simply Wall St News

CFF Company Info

Description

Caribbean Flavours and Fragrances Limited manufactures and distributes flavors for the food, beverage, baking, and confectionary industries. It also offers fragrances for household and general cleaning, and sanitation purposes. The company was founded in 2001 and is based in Kingston, Jamaica. The company is a subsidiary of Derrimon Trading Company Limited.

Details
Name: Caribbean Flavours and Fragrances Limited
CFF
Exchange: JMSE
Founded: 2001
JMD938,765,144
89,920,033
Website: http://www.caribbeanflavoursjm.com
Address: Caribbean Flavours and Fragrances Limited
226 Spanish Town Road,
St. Andrew,
Kingston,
11,
Jamaica
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JMSE CFF Ordinary Shares The Jamaica Stock Exchange JM JMD 21. Jul 2015
Number of employees
Current staff
Staff numbers
21
Caribbean Flavours and Fragrances employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 18:51
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.