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Williamson Tea Kenya

NASE:WTK
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WTK
NASE
KES2B
Market Cap
  1. Home
  2. KE
  3. Food, Beverage & Tobacco
Company description

Williamson Tea Kenya Plc, together with its subsidiaries, cultivates, manufactures, and sells tea in Kenya and internationally. The last earnings update was 276 days ago. More info.


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  • Williamson Tea Kenya has significant price volatility in the past 3 months.
WTK Share Price and Events
7 Day Returns
0.5%
NASE:WTK
-3.5%
KE Food
-4.3%
KE Market
1 Year Returns
-34.7%
NASE:WTK
-11.5%
KE Food
-17%
KE Market
WTK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Williamson Tea Kenya (WTK) 0.5% -23.1% -28.4% -34.7% -41.1% -32.3%
KE Food -3.5% -8% -14.9% -11.5% -24.8% -35.1%
KE Market -4.3% -15.9% -23% -17% -3.6% -26.7%
1 Year Return vs Industry and Market
  • WTK underperformed the Food industry which returned -11.5% over the past year.
  • WTK underperformed the Market in Kenya which returned -17% over the past year.
Price Volatility
WTK
Industry
5yr Volatility vs Market
Related Companies

WTK Value

 Is Williamson Tea Kenya 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 Williamson Tea Kenya 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 Williamson Tea Kenya.

NASE:WTK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 22.3%
Perpetual Growth Rate 10-Year KE Government Bond Rate 12.4%

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 NASE:WTK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KE Govt Bond Rate 12.4%
Equity Risk Premium S&P Global 12.4%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 30%) (2.25%))
0.712
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)
= 12.38% + (0.8 * 12.41%)
22.31%

Discounted Cash Flow Calculation for NASE:WTK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Williamson Tea Kenya 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.

NASE:WTK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KES, Millions) Source Present Value
Discounted (@ 22.31%)
2020 1,628.79 Est @ 88% 1,331.71
2021 2,692.61 Est @ 65.31% 1,799.97
2022 4,023.67 Est @ 49.43% 2,199.17
2023 5,565.45 Est @ 38.32% 2,487.03
2024 7,264.93 Est @ 30.54% 2,654.34
2025 9,087.66 Est @ 25.09% 2,714.71
2026 11,021.20 Est @ 21.28% 2,691.81
2027 13,071.99 Est @ 18.61% 2,610.37
2028 15,260.15 Est @ 16.74% 2,491.52
2029 17,615.03 Est @ 15.43% 2,351.44
Present value of next 10 years cash flows KES23,332.00
NASE:WTK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= KES17,615.03 × (1 + 12.38%) ÷ (22.31% – 12.38%)
KES199,393.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= KES199,393.30 ÷ (1 + 22.31%)10
KES26,617.17
NASE:WTK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= KES23,332.00 + KES26,617.17
KES49,949.17
Equity Value per Share
(KES)
= Total value / Shares Outstanding
= KES49,949.17 / 17.51
KES2852.18
NASE:WTK Discount to Share Price
Calculation Result
Value per share (KES) From above. KES2,852.18
Current discount Discount to share price of KES94.75
= -1 x (KES94.75 - KES2,852.18) / KES2,852.18
96.7%

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

Current Discount
Amount off the current price Williamson Tea Kenya is available for.
Intrinsic value
>50%
Share price is KES94.75 vs Future cash flow value of KES2852.18
Current Discount Checks
For Williamson Tea Kenya to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Williamson Tea Kenya's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Williamson Tea Kenya's share price is below the future cash flow value, and 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 Williamson Tea Kenya's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Williamson Tea Kenya's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NASE:WTK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in KES KES-9.39
NASE:WTK Share Price ** NASE (2020-03-27) in KES KES94.75
Africa Food Industry PE Ratio Median Figure of 61 Publicly-Listed Food Companies 11.09x
Kenya Market PE Ratio Median Figure of 39 Publicly-Listed Companies 7.4x

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

** Primary Listing of Williamson Tea Kenya.

NASE:WTK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NASE:WTK Share Price ÷ EPS (both in KES)

= 94.75 ÷ -9.39

-10.09x

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

  • Williamson Tea Kenya is loss making, we can't compare its value to the Africa Food industry average.
  • Williamson Tea Kenya is loss making, we can't compare the value of its earnings to the Kenya market.
Price based on expected Growth
Does Williamson Tea Kenya's expected growth come at a high price?
Raw Data
NASE:WTK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Africa Food Industry PEG Ratio Median Figure of 23 Publicly-Listed Food Companies 0.73x
Kenya Market PEG Ratio Median Figure of 9 Publicly-Listed Companies 0.36x

*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 Williamson Tea Kenya, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Williamson Tea Kenya's assets?
Raw Data
NASE:WTK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in KES KES349.45
NASE:WTK Share Price * NASE (2020-03-27) in KES KES94.75
Kenya Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 0.43x
Kenya Market PB Ratio Median Figure of 49 Publicly-Listed Companies 0.67x
NASE:WTK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NASE:WTK Share Price ÷ Book Value per Share (both in KES)

= 94.75 ÷ 349.45

0.27x

* Primary Listing of Williamson Tea Kenya.

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

  • Williamson Tea Kenya is good value based on assets compared to the KE Food industry average.
X
Value checks
We assess Williamson Tea Kenya'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. Williamson Tea Kenya 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.

WTK Future Performance

 How is Williamson Tea Kenya 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 Williamson Tea Kenya 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
13.1%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Williamson Tea Kenya expected to grow at an attractive rate?
  • Unable to compare Williamson Tea Kenya's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Williamson Tea Kenya's earnings growth to the Kenya market average as no estimate data is available.
  • Unable to compare Williamson Tea Kenya's revenue growth to the Kenya market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NASE:WTK Future Growth Rates Data Sources
Data Point Source Value (per year)
Africa Food Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Africa Food Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Kenya Market Earnings Growth Rate Market Cap Weighted Average 13.5%
Kenya Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*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
NASE:WTK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in KES Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NASE:WTK Past Financials Data
Date (Data in KES Millions) Revenue Cash Flow Net Income *
2019-03-31 3,352 1,067 -164
2018-03-31 3,985 298 488
2017-03-31 3,416 273 -240

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Williamson Tea Kenya is high growth as no earnings estimate data is available.
  • Unable to determine if Williamson Tea Kenya 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
NASE:WTK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Williamson Tea Kenya Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NASE:WTK Past Financials Data
Date (Data in KES Millions) EPS *
2019-03-31 -9.39
2018-03-31 27.86
2017-03-31 -13.73

*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 Williamson Tea Kenya will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Williamson Tea Kenya is trading at Williamson Tea Kenya'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Williamson Tea Kenya'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
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Future performance checks
We assess Williamson Tea Kenya'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 Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Africa 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.
Williamson Tea Kenya 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.

WTK Past Performance

  How has Williamson Tea Kenya performed over the past 5 years?

  • Williamson Tea Kenya's last earnings update was 276 days ago.
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 Williamson Tea Kenya'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.
  • Williamson Tea Kenya does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Williamson Tea Kenya's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Williamson Tea Kenya's 1-year growth to the Africa Food industry average as it is not currently profitable.
Earnings and Revenue History
Williamson Tea Kenya'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 Williamson Tea Kenya Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NASE:WTK Past Revenue, Cash Flow and Net Income Data
Date (Data in KES Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,351.78 -164.41 488.84
2018-03-31 3,984.97 487.94 678.74
2017-03-31 3,416.34 -240.49 472.63
2016-03-31 3,386.02 463.18 471.37
2015-03-31 2,590.42 -208.11 407.09
2014-03-31 3,512.09 712.38 443.54
2013-03-31 3,490.68 826.29 430.96

*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.
  • It is difficult to establish if Williamson Tea Kenya has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Williamson Tea Kenya has efficiently used its assets last year compared to the Africa Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Williamson Tea Kenya improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Williamson Tea Kenya'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.
Williamson Tea Kenya has a total score of 0/6, 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.

WTK Health

 How is Williamson Tea Kenya'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 Williamson Tea Kenya's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Williamson Tea Kenya is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Williamson Tea Kenya's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Williamson Tea Kenya'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 75.1x 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 Williamson Tea Kenya Company Filings, last reported 11 months ago.

NASE:WTK Past Debt and Equity Data
Date (Data in KES Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,317.38 37.38 1,310.54
2018-03-31 6,847.36 97.48 857.52
2017-03-31 6,094.27 156.43 949.71
2016-03-31 6,714.34 205.77 1,241.62
2015-03-31 6,583.04 231.27 993.36
2014-03-31 6,580.53 180.29 1,212.05
2013-03-31 5,858.26 0.00 1,098.34
  • Williamson Tea Kenya's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2.7% vs 0.6% today).
  • Debt is well covered by operating cash flow (2855%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Williamson Tea Kenya's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Williamson Tea Kenya'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. Williamson Tea Kenya 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.

WTK Dividends

 What is Williamson Tea Kenya'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
21.11%
Current annual income from Williamson Tea Kenya dividends.
If you bought KES2,000 of Williamson Tea Kenya shares you are expected to receive KES422 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?
  • Williamson Tea Kenya's pays a higher dividend yield than the bottom 25% of dividend payers in Kenya (3.68%).
  • Williamson Tea Kenya's dividend is above the markets top 25% of dividend payers in Kenya (8.36%).
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
NASE:WTK 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
Kenya Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 6.5%
Kenya Market Average Dividend Yield Market Cap Weighted Average of 34 Stocks 6.2%
Kenya Minimum Threshold Dividend Yield 10th Percentile 3%
Kenya Bottom 25% Dividend Yield 25th Percentile 3.7%
Kenya Top 25% Dividend Yield 75th Percentile 8.4%

Industry and Market average data is calculated daily.

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

NASE:WTK Past Annualized Dividends Data
Date (Data in KES) Dividend per share (annual) Avg. Yield (%)
2019-06-28 20.000 15.066
2018-08-10 20.000 13.446
2017-07-19 10.000 6.371
2016-07-15 20.000 11.356
2015-07-03 20.000 10.499
2014-06-27 3.500 2.404
2013-11-26 3.750 2.759
2013-06-24 3.750 3.253
2012-06-28 3.750 3.397
2010-11-29 2.500 2.324
2010-11-26 2.500 2.920
2010-06-24 3.125 3.291
2009-06-02 2.000 3.698

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Williamson Tea Kenya's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Williamson Tea Kenya's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3%) - 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 Williamson Tea Kenya afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Williamson Tea Kenya 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.

WTK Management

 What is the CEO of Williamson Tea Kenya'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
Alan. Carmichael
COMPENSATION KES79,922,000
CEO Bio

Mr. Alan. L. Carmichael serves as the Managing Director and Director at Kapchorua Tea Kenya Plc. Mr. Carmichael serves as the Managing Director and Director of Williamson Tea Kenya Limited. Mr. Carmichael served as an Estates Director, Tea Taster and Manufacturing Advisor of Williamson Tea Holdings Plc. He served as a Director at Williamson Tea Assam Ltd. and at Williamson Tea Holdings Plc until July 16, 2005.

CEO Compensation
  • Alan.'s compensation has increased whilst company is loss making.
  • Alan.'s remuneration is higher than average for companies of similar size in Kenya.
Management Team

Alan. Carmichael

TITLE
MD & Director
COMPENSATION
KES80M

Samuel Thumbi

TITLE
Farm Director & Director
COMPENSATION
KES45M

Gilbert Masaki

TITLE
Secretary
Board of Directors Tenure

Average tenure of the Williamson Tea Kenya board of directors in years:

7.3
Average Tenure
  • The tenure for the Williamson Tea Kenya board of directors is about average.
Board of Directors

Ezekiel N. Wanjama

TITLE
Chairman
COMPENSATION
KES1M

Alan. Carmichael

TITLE
MD & Director
COMPENSATION
KES80M

Samuel Thumbi

TITLE
Farm Director & Director
COMPENSATION
KES45M
TENURE
7.9 yrs

Matthew Koech

TITLE
Director
COMPENSATION
KES878K

Philip Magor

TITLE
Director
COMPENSATION
KES4M

J. Brooks

TITLE
Director
COMPENSATION
KES850K
TENURE
7.3 yrs

Edward Magor

TITLE
Director
COMPENSATION
KES4M
TENURE
5.3 yrs
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 (KES) Value (KES)
X
Management checks
We assess Williamson Tea Kenya'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. Williamson Tea Kenya 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.

WTK News

Simply Wall St News

WTK Company Info

Description

Williamson Tea Kenya Plc, together with its subsidiaries, cultivates, manufactures, and sells tea in Kenya and internationally. The company operates tea farms in the areas of Changoi, Kaimosi, Kapchorua, and Tinderet, Kenya. It also invests in properties; and sells and services generators. The company is based in Nairobi, Kenya. Williamson Tea Kenya Plc is a subsidiary of Ngong Tea Holdings Limited.

Details
Name: Williamson Tea Kenya Plc
WTK
Exchange: NASE
Founded:
KES1,659,322,640
17,512,640
Website: http://www.williamsontea.com
Address: Williamson Tea Kenya Plc
The Acacia Block,
2nd Floor,
Nairobi,
00100,
Kenya
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NASE WTK Ordinary Shares Nairobi Stock Exchange KE KES 25. Jun 1996
Number of employees
Current staff
Staff numbers
2,150
Williamson Tea Kenya employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 17:20
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2019/06/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.