© Stockopedia 11th December, 2017

J Sainsbury

SBRY 244.7p 1.6  0.7%
08/12/17 7.50k
Market Cap £5.36bn
Enterprise Value £6.03bn
Revenue £28.23bn
Quality 35
Value 89
StockRank 46

Momentum
Relative Strength (%)
1m +7.0%
3m +5.1%
1yr -5.7%
Volume Change (%)
10d v 3m +7.64%
Price vs... (%)
52w High -13.7%
50d MA +3.16%
200d MA -2.61%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (f) 11.9
PEG Ratio (f) 1.53
EPS Growth (f) 8.44 %
Dividend Yield (f) 4.29 %
Valuation (ttm)
Price to Book Value 0.77
Price to Tang. Book 0.88
Price to Free Cashflow 11.4
Price to Sales 0.19
EV to EBITDA 5.33
Margin of Safety (beta)
Screens Passed 2
vs.
market
vs.
industry
Quality
Return on Capital 4.39 %
Return on Equity 3.40 %
Operating Margin 1.66 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 11th Mar 2012 2013 2014 2015 2016 2017 TTM 2018E 2019E CAGR / Avg
Revenue £m 22,294 23,303 23,949 23,775 23,506 26,224 28,226 28,274 28,655 +3.3%
Operating Profit £m 874 882 1,009 81.0 707 642 468 -6.0%
Net Profit £m 598 602 716 -166 471 377 244 443.1 488.3 -8.8%
EPS Reported p 31.5 31.5 36.9 -8.69 22.5 16.5 10.1 -12.1%
EPS Normalised p 28.2 29.2 31.3 14.9 21.9 19.1 15.8 19.0 21.1 -7.5%
EPS Growth % -3.8 +3.6 +7.4 -52.5 +47.2 -12.8 -28.7 -0.77 +11.6
PE Ratio x 12.8 15.4 12.9 11.6
PEG x n/a n/a 1.12 1.74
Profitability
Operating Margin % 3.9 3.8 4.2 0.3 3.0 2.4 1.66 +3.0%
ROA % 4.8 4.9 -1.0 2.8 2.1 1.20
ROCE % 9.5 9.2 10.3 0.8 6.9 5.7 4.39 +7.1%
ROE % 10.4 12.1 -2.9 7.7 5.4 3.40 +6.6%
Cashflow
Op. Cashflow ps p 55.3 50.4 47.7 47.7 18.6 50.6 52.1 -1.8%
Capex ps p 64.9 56.1 47.2 53.8 32.3 32.6 31.6 -12.8%
Free Cashflow ps p -9.59 -5.75 0.51 -6.17 -13.7 17.9 20.4
Last ex-div: 16th Nov, paid: 2nd Jan more... Dividends
Dividend ps p 16.1 16.7 17.3 13.2 12.1 11.7 9.70 9.79 10.7 -6.2%
Dividend Growth % +6.62 +3.73 +3.59 -23.7 -8.33 -3.31 -17.1 -16.3 +9.75
Dividend Yield % 4.78 3.96 4.00 4.39
Dividend Cover x 1.96 1.88 2.13 -0.66 1.86 1.41 1.04 1.94 1.97
Balance Sheet
Cash etc £m 739 517 1,592 1,285 1,191 1,183 1,469 +9.9%
Working Capital £m -1,104 -1,214 -2,403 -2,502 -2,307 -2,274 -2,991
Net Fixed Assets £m 10,148 10,623 11,892 11,791 12,231 12,683 12,816 +4.6%
Net Debt £m 2,028 2,265 1,192 1,481 1,521 1,028 670
Book Value £m 5,721 5,837 6,003 5,539 6,365 6,872 6,937 +3.7%
Average Shares m 1,930 1,948 1,969 1,911 2,108 2,280 2,301 +3.4%
Book Value ps p 303.8 308.3 314.8 288.6 330.8 314.1 316.7 +0.7%

FINANCIAL BRIEF: For the 28 weeks ended 23 September 2017, J Sainsbury plc revenues increased 16% to £14.64B. Net income applicable to common stockholders decreased 46% to £156M. Revenues reflect Financial Services - UK segment increase of 44% to £253M. Net income was offset by Retailing segment income decrease of 12% to £272M. Dividend per share increased from £0.04 to £0.10. more »

Health Trend
Bankruptcy Risk
Earnings Manipulation Risk
1242     52%    C+
Magic Formula Score
C+
C+
Other Ratios
Leverage (ttm) Total -Intang +Pension
Gross Gearing % 30.8 35.0 42.6
Net Gearing % 9.66 11.0 21.4
Cash / Assets % 7.10 7.40
Liquidity (ttm)
Curr. Ratio 0.70
Quick Ratio 0.51
Interest Cov. 5.32
Efficiency (ttm)
Asset Turnover 1.39
Rec's Turnover 40.8
Stock Turnover 13.8
vs.
market
vs.
industry
Recent History
Latest interim period (ended 23rd Sep '17) vs. prior year
Sales Growth 15.8 %
EPS Growth -23.6 %
3yr Compound Annual Growth Rate
Sales Growth 3.07 %
EPS Growth -15.2 %
DPS Growth -12.2 %
Graphical History Current Fiscal Year 2018

Broker Forecasts
11th Mar 2018
11th Mar 2019

Price Target: 2.64
(+8.01% above Price)
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: +2.5% (£) (p) (p) (£) (p) (p)
Consensus Estimate 443.1m 19.0 9.79 488.3m 21.1 10.7
1m Change +3.02m +0.055 -0.064 -3.57m -0.23 -0.16
3m Change -6.33m -0.22 -0.059 -12.5m -0.38 -0.20
19 brokers Broker Consensus Trend
Broker Recommendations for J Sainsbury
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 1 2 9 2 4

Named Brokers and Analysts
Bank of America Merrill Lynch Kiranjot Grewal , Deutsche Bank Equity Research Niamh McSherry , Stifel Nicolaus and Company, Incorporated , Jefferies James Grzinic , HSBC David McCarthy , Credit Suisse Stewart McGuire , Morgan Stanley Edouard Aubin , Citi Nicholas Coulter , BERNSTEIN Bruno Monteyne , Goldman Sachs Research Rob Joyce , UBS Equities Andrew Gwynn , Panmure Gordon Graham Jones , Santander GCB Tim Attenborough , Exane BNP Paribas Andrew Gwynn , Macquarie Research Sreedhar Mahamkali , Societe Generale Arnaud Joly , JPMorgan Borja Olcese , Berenberg Dusan Milosavljevic , INTERMONTE SIM Andrea Bergamaschi , Barclays James Anstead , Shore Capital Stockbrokers Clive Black , Haitong Research (UK) Rickin Thakrar , Morningstar, Inc. , Alphavalue Ranya Gnaba , 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) 56, Kevin O'Byrne (CFO) 52, John Rogers (CEX) 48, Peter Griffiths (CEX) 55, Angie Risley (DHR) 58, Jon Hartland (OTH) , Paul Mills-Hicks (OTH) , Richard Newsome (OTH) , Simon Roberts (OTH) 45, Tim Fallowfield (SEC) , David Tyler (NEC) 64, Matt Brittin (NID) 48, Brian Cassin (NID) 49, David Keens (NID) 63, Susan Rice (NID) 71,

No. of Employees: 51,900 No. of Shareholders: 133,332


Last Annual March 11th, 2017
Last Interim September 23rd, 2017
Incorporated November 10, 1922
Public Since July 11, 1975
Shares in Issue 2,190,208,543
Free Float 2.08bn (95.0%)

SBRY Share Price Performance SBRYQuote
244.7p
1.6  0.7%
Traded 4:35pm · Minimum 15 min delayed · NMS: 7.50k

Latest SBRY News Announcements (delayed)

Upcoming SBRY Events

Recent ↓
Friday 17th November, 2017
Dividend For JSAIY
Thursday 16th November, 2017
Dividend For SBRY
Thursday 9th November, 2017
Half Year 2017/18 J Sainsbury PLC Earnings Call
Thursday 9th November, 2017
Half Year 2017/18 J Sainsbury PLC Earnings Release
Wednesday 5th July, 2017
J Sainsbury PLC Annual Shareholders Meeting
Tuesday 4th July, 2017
Q1 2017/18 J Sainsbury PLC Trading Statement Call
Tuesday 4th July, 2017
Q1 2017/18 J Sainsbury PLC Trading Statement Release
Thursday 18th May, 2017
Dividend For JSAIY
Thursday 11th May, 2017
Dividend For SBRY
Wednesday 3rd May, 2017
Full Year 2016/17 J Sainsbury PLC Earnings Call
Wednesday 3rd May, 2017
Full Year 2016/17 J Sainsbury PLC Earnings Release
Thursday 16th March, 2017
Q4 2016/17 J Sainsbury PLC Trading Statement Call
Thursday 16th March, 2017
Q4 2016/17 J Sainsbury PLC Trading Statement Release
Wednesday 11th January, 2017
Q3 2016/17 J Sainsbury PLC Trading Statement Call
Wednesday 11th January, 2017
Q3 2016/17 J Sainsbury PLC Trading Statement Release
Tuesday 22nd November, 2016
Dividend For JSAIY
Thursday 17th November, 2016
Dividend For SBRY
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 Call


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