J Sainsbury

SBRY 231.5p 2.5  1.1%
05/12/16 7.50k
Market Cap £5.01bn
Enterprise Value £6.04bn
Revenue £23.73bn
Quality 62
Value 92
StockRank 72

Momentum
Relative Strength (%)
1m -9.4%
3m -5.5%
1yr -13.4%
Volume Change (%)
10d v 3m -24.4%
Price vs... (%)
52w High -22.2%
50d MA -4.86%
200d MA -8.24%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (f) 11.4
PEG Ratio (f) n/a
EPS Growth (f) -2.94 %
Dividend Yield (f) 4.52 %
Valuation (ttm)
Price to Book Value 0.77
Price to Tang. Book 0.86
Price to Free Cashflow 20.3
Price to Sales 0.21
EV to EBITDA 4.49
Margin of Safety (beta)
Screens Passed 1
vs.
market
vs.
industry
Quality
Return on Capital 6.54 %
Return on Equity 8.08 %
Operating Margin 3.12 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 12th Mar 2011 2012 2013 2014 2015 2016 TTM 2017E 2018E CAGR / Avg
Revenue £m 21,102 22,294 23,303 23,949 23,775 23,506 23,729 25,359 26,751 +2.2%
Operating Profit £m 851 874 882 1,009 81.0 707 741 -3.6%
Net Profit £m 640 598 602 716 -166 471 506 448.3 454 -5.9%
EPS Reported p 33.8 31.5 31.5 36.9 -8.69 22.5 23.5 -7.8%
EPS Normalised p 29.3 28.2 29.2 31.3 14.9 21.9 22.3 20.3 20.0 -5.6%
EPS Growth % -2.1 -3.8 +3.6 +7.4 -52.5 +47.2 +4.0 -7.52 -1.09
PE Ratio x 10.5 10.3 11.3 11.4
PEG x n/a n/a n/a 1.09
Profitability
Operating Margin % 4.0 3.9 3.8 4.2 0.3 3.0 3.12 +3.2%
ROA % 5.0 4.8 4.9 -1.0 2.8 2.75
ROCE % 10.1 9.5 9.2 10.3 0.8 6.9 6.54 +7.8%
ROE % 10.7 10.4 12.1 -2.9 7.7 8.08 +7.6%
Cashflow
Op. Cashflow ps p 44.5 55.3 50.4 47.7 47.7 18.6 41.3 -16.0%
Capex ps p 59.9 64.9 56.1 47.2 53.8 32.3 29.9 -11.6%
Free Cashflow ps p -15.5 -9.59 -5.75 0.51 -6.17 -13.7 11.5
Last ex-div: 17th Nov, paid: 4th Jan more... Dividends
Dividend ps p 15.1 16.1 16.7 17.3 13.2 12.1 11.7 10.4 10.3 -4.3%
Dividend Growth % +6.34 +6.62 +3.73 +3.59 -23.7 -8.33 -4.10 -14.4 -0.17
Dividend Yield % 5.28 5.11 4.52 4.52
Dividend Cover x 2.24 1.96 1.88 2.13 -0.66 1.86 2.01 1.96 1.94
Balance Sheet
Cash etc £m 501 739 517 1,592 1,285 1,191 1,309 +18.9%
Working Capital £m -1,221 -1,104 -1,214 -2,403 -2,502 -2,307 -1,969
Net Fixed Assets £m 9,527 10,148 10,623 11,892 11,791 12,231 12,603 +5.1%
Net Debt £m 1,912 2,028 2,265 1,192 1,481 1,222 1,031
Book Value £m 5,424 5,721 5,837 6,003 5,539 6,365 6,494 +3.3%
Average Shares m 1,921 1,930 1,948 1,969 1,911 2,108 2,157 +1.9%
Book Value ps p 289.9 303.8 308.3 314.8 288.6 330.8 297 +2.7%

FINANCIAL BRIEF: For the 28 weeks ended 24 September 2016, J Sainsbury plc revenues increased 2% to L12.64B. Net income applicable to common stockholders increased 10% to L289M. Revenues reflect Financial Services - UK segment increase of 3% to L176M. Dividend per share remained flat at L0.04. Basic Earnings per Share excluding Extraordinary Items increased from L0.14 to L0.15. more »

Health Trend
Bankruptcy Risk
Earnings Manipulation Risk
976     64%    B-
Magic Formula Score
B-
B-
Other Ratios
Leverage (ttm) Total -Intang +Pension
Gross Gearing % 36.0 40.4 59.6
Net Gearing % 15.9 17.8 39.4
Cash / Assets % 6.59 7.14
Liquidity (ttm)
Curr. Ratio 0.77
Quick Ratio 0.55
Interest Cov. 5.41
Efficiency (ttm)
Asset Turnover 1.29
Rec's Turnover 34.2
Stock Turnover 15.2
vs.
market
vs.
industry
Recent History
Latest interim period (ended 24th Sep '16) vs. prior year
Sales Growth 1.80 %
EPS Growth -1.79 %
3yr Compound Annual Growth Rate
Sales Growth 0.29 %
EPS Growth -9.11 %
DPS Growth -10.2 %
Graphical History Current Fiscal Year 2017

Broker Forecasts
12th Mar 2017
12th Mar 2018

Price Target: 2.48
(+8.41% above Price)
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: -2.2% (£) (p) (p) (£) (p) (p)
Consensus Estimate 448.3m 20.3 10.4 454.0m 20.0 10.3
1m Change -3.16m -0.32 +0.20 -8.73m -0.54 -0.29
3m Change +30.3m -0.50 -0.25 +16.1m -1.50 -0.63
17 brokers Broker Consensus Trend
Broker Recommendations for J Sainsbury
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 1 2 7 4 2

Named Brokers and Analysts
Stifel Nicolaus and Company, Incorporated , Jefferies James Grzinic , Credit Suisse Stewart McGuire , BERNSTEIN Bruno Monteyne , Nomura Securities , Panmure Gordon Graham Jones , Santander GCB Tim Attenborough , Macquarie Research Sreedhar Mahamkali , Societe Generale Arnaud Joly , Shore Capital Stockbrokers Clive Black , Haitong Research (UK) Rickin Thakrar , Morningstar, Inc. Ken Perkins , Cantor Fitzgerald Europe ,

Profile Summary

J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company's segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury's Bank plc (Sainsbury's Bank). The Property investments segment includes the Company's joint ventures with the British Land Company PLC and Land Securities Group PLC. The Company has approximately 2,000 food suppliers and over 1,000 non-food suppliers. The Company offers over 15,000 own-brand products and has approximately 770 convenience stores. The Company offers groceries under various categories, such as fruit and veg, meat and fish, dairy, chilled, bakery, frozen, food cupboard, drinks, health and beauty, baby, household, pet and home. Sainsbury's Bank provides a range of products, including insurances, credit cards, savings and loans.

Directors: Mike Coupe (CEO) 55, Ed Barker (CFO) 42, Peter Griffiths (CEX) 54, John Rogers (EDR) 47, Sarah Warby (DMK) , Angie Risley (DHR) 57, Roger Burnley (OTH) , Paul Mills-Hicks (OTH) , Jon Rudoe (OTH) , Tim Fallowfield (SEC) , David Tyler (NEC) 63, David Keens (NED) 61, Susan Rice (NED) 69, Matt Brittin (NID) 46, Mary Harris (NID) 50,

No. of Employees: 48,000 No. of Shareholders: 113,101


Last Annual March 12th, 2016
Last Interim September 24th, 2016
Incorporated November 10, 1922
Public Since July 11, 1975
Shares in Issue 2,186,827,974
Free Float 2.00bn (91.4%)

Address 33 Holborn, LONDON, EC1N 2HT, United Kingdom
Web http://www.j-sainsbury.co.uk
Phone +44 20 76956000
Contact Mike Scott (IR Contact Officer)
Auditors Ernst & Young LLP

SBRY Share Price Performance SBRYQuote
231.5p
2.5  1.1%
Traded 5:01pm · Minimum 15 min delayed · NMS: 7.50k

Latest SBRY News Announcements (delayed)

Upcoming SBRY Events
Wednesday 11th January, 2017
Q3 2016/17 J Sainsbury PLC Trading Statement Release
Wednesday 3rd May, 2017
Full Year 2016/17 J Sainsbury PLC Earnings Release

Recent ↓
Tuesday 22nd November, 2016
Dividend For JSAIY
Thursday 17th November, 2016
Dividend For SBRY.L
Wednesday 9th November, 2016
Half Year 2016/17 J Sainsbury PLC Earnings Call
Wednesday 9th November, 2016
Half Year 2016/17 J Sainsbury PLC Earnings Release
Wednesday 28th September, 2016
Q2 2016/17 J Sainsbury PLC Trading Statement Release
Wednesday 28th September, 2016
Q2 2016/17 J Sainsbury PLC Trading Statement Call
Wednesday 6th July, 2016
J Sainsbury PLC Annual Shareholders Meeting
Wednesday 8th June, 2016
Q1 2016/17 J Sainsbury PLC Trading Statement Release
Wednesday 8th June, 2016
Q1 2016/17 J Sainsbury PLC Trading Statement Call
Thursday 12th May, 2016
Dividend For SBRY.L
Thursday 12th May, 2016
Dividend For JSAIY
Wednesday 4th May, 2016
Full Year 2015/16 J Sainsbury PLC Earnings Call
Wednesday 4th May, 2016
Full Year 2015/16 J Sainsbury PLC Earnings Release
Tuesday 15th March, 2016
Q4 2015/16 J Sainsbury PLC Trading Statement Release
Tuesday 15th March, 2016
Q4 2015/16 J Sainsbury PLC Trading Statement Call
Wednesday 13th January, 2016
Q3 2015/16 J Sainsbury PLC Trading Statement Call
Wednesday 13th January, 2016
Q3 2015/16 J Sainsbury PLC Trading Statement Release
Thursday 19th November, 2015
Dividend For SBRY.L
Thursday 19th November, 2015
Dividend For SBRY.L
Thursday 19th November, 2015
Dividend For JSAIY


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