Is the Tate & Lyle share price good value at 729.8p?

Tate & Lyle (LON:TATE) is a large cap provider of ingredients and solutions to the food, beverage and other industries. The Company operates primarily in two industries: corn wet milling and sweeteners, and its brands include DOLCIA PRIMA Allulose, PUREFRUIT Monk Fruit Extract, TASTEVA Stevia Sweetener, CLARIA Functional Clean-Label Starches, PROMITOR Soluble Fibre, PromOat Beta Glucan and SODA-LO Salt Microspheres.

Right now the Tate & Lyle share price appears to represent reasonable value, as shown in the group's Value Rank of 54. Let's explore this in more detail.

Digging into Tate & Lyle's Value Rank

Looking at Tate & Lyle's StockReport, we can see that the group has a:

• Rolling price to book value of 2.32,
• Trailing twelve month price to earnings ratio of 11.9
• Trailing twelve month price to free cashflow of 17.3
• Rolling dividend yield of 4.04%
• Trailing twelve-month price to sales ratio of 1.25

This combination of financial traits suggests that, while Tate & Lyle stock is not the cheapest, it is far from expensive at these levels and is worth considering - especially if it is exposed to other positive stock market factors as well.

What does this mean for potential investors?

Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with Tate & Lyle that you can find out about here.