Momentum
Relative Strength (%)
1m -8.0%
3m -12.4%
1yr -34.9%
Volume Change (%)
10d v 3m -3.42%
Price vs... (%)
52w High -39.8%
50d MA -3.51%
200d MA -19.8%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (f) 10.1
PEG Ratio (f) n/a
EPS Growth (f) -14.5 %
Dividend Yield (f) 4.89 %
Valuation (ttm)
Price to Book Value 0.82
Price to Tang. Book 0.87
Price to Free Cashflow n/a
Price to Sales 0.19
EV to EBITDA 6.97

Margin of Safety (beta)
Screens Passed 2
vs.
market
vs.
industry
Quality
Return on Capital 2.97 %
Return on Equity 0.57 %
Operating Margin 1.20 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 15th Mar 2009 2010 2011 2012 2013 2014 TTM 2015E 2016E CAGR / Avg
Revenue £m 18,911 19,964 21,102 22,294 23,303 23,949 23,932 23,982 23,991 +4.8%
Operating Profit £m 673 710 851 874 882 1,009 286 +8.4%
Net Profit £m 289 585 640 598 602 716 32.0 501.8 433.2 +19.9%
EPS Reported p 16.4 31.6 33.8 31.5 31.5 36.9 1.30 +17.6%
EPS Normalised p 14.4 29.9 29.3 28.2 29.2 31.6 20.8 25.8 22.5 +17.1%
EPS Growth % -21.6 +107.8 -2.1 -3.8 +3.6 +8.4 -30.8 -18.5 -12.9
PE Ratio x 7.43 11.3 9.12 10.5
PEG x n/a n/a n/a 29.4
Profitability
Operating Margin % 3.6 3.6 4.0 3.9 3.8 4.2 1.20 +3.8%
ROA % 5.6 5.8 5.0 4.8 4.9 0.22
ROCE % 9.5 8.8 10.1 9.5 9.2 10.3 2.97 +9.6%
ROE % 12.5 12.3 10.7 10.4 12.1 0.57 +11.6%
Cashflow
Op. Cashflow ps p 52.1 53.7 44.5 55.3 50.4 47.7 39.8 -1.7%
Capex ps p 55.4 55.9 59.9 64.9 56.1 47.2 54.0 -3.1%
Free Cashflow ps p -3.29 -2.19 -15.5 -9.59 -5.75 0.51 -14.2
Last ex-div: 20th Nov, paid: 2nd Jan more... Dividends
Dividend ps p 13.2 14.2 15.1 16.1 16.7 17.3 17.3 13.1 11.0 +5.6%
Dividend Growth % +10.00 +7.58 +6.34 +6.62 +3.73 +3.59 +2.37 -24.1 -16.4
Dividend Yield % 7.36 7.36 5.59 4.67
Dividend Cover x 1.24 2.22 2.24 1.96 1.88 2.13 0.076 1.96 2.04
Balance Sheet
Cash etc £m 627 837 501 739 517 1,592 1,417 +20.5%
Working Capital £m -1,328 -940 -1,221 -1,104 -1,214 -2,403 -2,402
Net Fixed Assets £m 8,282 8,858 9,527 10,148 10,623 11,892 11,724 +7.5%
Net Debt £m 1,704 1,593 1,912 2,028 2,265 1,192 1,572
Book Value £m 4,376 4,966 5,424 5,721 5,837 6,003 5,517 +6.5%
Average Shares m 1,763 1,873 1,921 1,930 1,948 1,969 1,937 +2.2%
Book Value ps p 249.6 266.9 289.9 302.2 308.4 314.8 289.3 +4.7%

FINANCIAL BRIEF: For the 28 weeks ended 27 September 2014, J Sainsbury plc revenues decreased less than 1% to L12.67B. Net loss totaled L344M vs. income of L340M. Revenues reflect Financial Services - UK segment increase from L0K to L170M, also reflect Value of Retail Sales-(Including VAT) decrease of 1% to L13.76B. Net loss reflects Retailing segment income decrease of 12% to L388M. Dividend per share remained flat at L0.05. more »

Health Trend

Bankruptcy Risk

Earnings Manipulation Risk

1733     48%    C-
Magic Formula Score
C-
C-

Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 54.2 57.3
Net Gearing % 28.5 30.1
Cash / Assets % 8.59
Liquidity (ttm)
Curr. Ratio 0.66
Quick Ratio 0.50
Interest Cov. 3.40
Efficiency (ttm)
Asset Turnover 1.45
Rec's Turnover 20.6
Stock Turnover 21.6

vs.
market
vs.
industry
Recent History
Latest interim period (ended 27th Sep '14) vs. prior year
Sales Growth -0.14 %
EPS Growth -72.7 %
3yr Compound Annual Growth Rate
Sales Growth 4.31 %
EPS Growth 2.60 %
DPS Growth 4.64 %
Graphical History Current Fiscal Year 2015

Broker Forecasts
15th Mar 2015
15th Mar 2016

Price Target: 251.4 (+7.01% above Price) Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: -17.5% (£) (p) (p) (£) (p) (p)
Consensus Estimate 501.8m 25.8 13.1 433.2m 22.5 11.0
1m Change -4.31m -0.14 -0.025 -6.38m -0.42 -0.21
3m Change -65.4m -3.43 -3.01 -120.6m -6.49 -4.90
20 brokers Broker Consensus Trend
Broker Recommendations for J Sainsbury
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 3 4 8 2 2

Named Brokers and Analysts
Jefferies & Company, Inc. James Grzinic , Credit Suisse Andrew Kasoulis , Sanford Bernstein Bruno Monteyne , Investec Bank (UK) Plc Dave McCarthy , ING FM , Nomura Securities David Payne , Arden Partners Nick Bubb , Panmure Gordon Graham Jones , Santander GBM Attenborough Tim , Altium Securities (Hist). , Natixis Nicolas Langlet , CA Cheuvreux , Macquarie Research Sreedhar Mahamkali , Societe Generale Arnaud Joly , Evolution Securities (Hist) , Berenberg , Charles Stanley Sam Hart , Shore Capital Stockbrokers Clive Black , Espirito Santo Investment Bank Rickin Thakrar , Morningstar, Inc. Ken Perkins , Matrix Corporate Capital LLP , Cantor Fitzgerald Europe Mike Dennis ,

Profile Summary

J Sainsbury plc is a United Kingdom-based company, engaged in supermarkets and convenience stores, and an online grocery and general merchandise operation. The Company also has two property joint ventures with Land Securities Group Plc and The British Land Company Plc. Sainsbury’s Bank provides a range of banking and insurance products. As of March 2013, J Sainsbury plc consists of a chain of 592 supermarkets and 611 convenience stores. It provides a selection of movies, music, books, games and other entertainment products through Sainsbury's Entertainment.

Directors: Mike Coupe (CEO) 53, John Rogers (CFO) 44, Peter Griffiths (CEX) 53, Sarah Warby (DMK) , Angie Risley (DHR) 54, James Brown (OTH) , Helen Buck (OTH) 52, Roger Burnley (OTH) , Dean Clegg (OTH) , Paul Mills-Hicks (OTH) , David Tyler (NEC) 61, Susan Rice (NED) , Matt Brittin (NID) 44, Mary Harris (NID) 48, Gary Hughes (NID) 51,

No. of Employees: 49,400 No. of Shareholders: 117,937


Last Annual March 15th, 2014
Last Interim September 27th, 2014
Shares in Issue 1,914,106,272
Free Float 1.74bn (91.0%)

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 PricewaterhouseCoopers LLP

SBRY Share Price Performance SBRY Quote
239.9p
4.9  2.1%
Traded 4:18pm · Minimum 15 min delayed · NMS: 5.00k

Latest SBRY News Announcements (delayed)

Upcoming SBRY Events
Wednesday 7th January, 2015
Q3 2014-15 J Sainsbury PLC Trading Statement Release
Wednesday 7th January, 2015
Q3 2014-15 J Sainsbury PLC Trading Statement Call
Tuesday 17th March, 2015
Q4 2014-15 J Sainsbury PLC Trading Statement
Monday 18th May, 2015 (estimate)
Full Year 2014/15 J Sainsbury PLC Earnings Release
Thursday 9th July, 2015 (estimate)
J Sainsbury PLC Annual Shareholders Meeting

Recent ↓
Thursday 20th November, 2014
Dividend For SBRY.L
Thursday 20th November, 2014
Dividend For JSAIY
Friday 14th November, 2014
J Sainsbury PLC Convertible Offering Pricing
Wednesday 12th November, 2014
Half Year 2014/15 J Sainsbury PLC Earnings Call
Wednesday 12th November, 2014
Half Year 2014/15 J Sainsbury PLC Earnings Release
Wednesday 1st October, 2014
Q2 2014- 2015 J Sainsbury PLC Trading Statement Call
Wednesday 1st October, 2014
Q2 2014- 2015 J Sainsbury PLC Trading Statement Release
Wednesday 9th July, 2014
J Sainsbury PLC Annual Shareholders Meeting
Wednesday 11th June, 2014
Q1 2014- 2015 J Sainsbury PLC Trading Statement Conference Call
Wednesday 11th June, 2014
Q1 2014- 2015 J Sainsbury PLC Trading Statement


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