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Tate & Lyle plc TATE.L

GB · London Stock Exchange · XLON · stock · Consumer Defensive · website

Tate & Lyle plc statistics & valuation

Market cap£2.4B
P / E25.3×
P / S1.2×
P / B1.5×
P / FCF23.3×
Dividend yield3.59%
Net margin4.8%
Return on equity6.1%
FCF margin5.2%
Net debt£950.0M
Enterprise value USD$4.6B
Earnings yield EBIT/EV7.2%
Return on capital7.7%
Graham number -99.2%£4.20

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£4.20); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.90% 11.40% 8.20% 4.80% 2023202420252026
Gross margin (%)
41.90% 43.00% 40.70% 31.00% 2023202420252026
Operating margin (%)
13.00% 14.30% 6.10% 12.20% 2023202420252026
Return on equity (%)
16.00% 15.20% 9.00% 6.10% 2023202420252026
Shares outstanding
442.6M 442.6M 442.6M 442.6M 2023202420252026
Net debt (£)
£238.0M £153.0M £972.0M £950.0M 2023202420252026
Share buybacks (£)
£13.0M £25.0M £223.0M £2.0M 2023202420252026
Return on assets (%)
7.60% 8.20% 3.80% 2.60% 2023202420252026
Free cash flow margin (%)
-0.70% 6.00% 2.50% 5.20% 2023202420252026
Debt / equity (×)
0.60× 0.48× 0.82× 0.81× 2023202420252026
EPS (£)
£0.46 £0.47 £0.34 £0.22 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Tate & Lyle plc trades at about 2550.7× earnings — above its 10-year norm (10-year range 1417.2×–1764.1×, median 1691.7×).

1417.2× 2550.7×

Shaded band = 10-year range (1417.2×–1764.1×); dot = today's 2550.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin31.0%40.7%43.0%41.9%
Operating margin12.2%6.1%14.3%13.0%
Net margin4.8%8.2%11.4%10.9%
FCF margin5.2%2.5%6.0%-0.7%
Return on assets2.6%3.8%8.2%7.6%
Return on equity6.1%9.0%15.2%16.0%
Debt / equity0.77×0.69×0.43×0.46×
Current ratio2.712.123.222.24

Computed from company filings · GB · as of 2026-03-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.