# Tate & Lyle plc (TATE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Defensive / Food & Staples Retailing. Price 558p, market value 2.5 billionp.

## Valuation
- **P/E (trailing): 25.3×** (5-yr avg 2083.0×, 3-yr avg 2422.5×). Tate & Lyle plc trades at 25.3× trailing earnings, well below its own five-year average of 2083.0×: cheap by its own standards. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 13.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.16**. A PEG of 0.16 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.6×**. Enterprise value is 5.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.3%** (5-yr avg 0.0%). Free cash flow equals 7.3% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Gross margin: 44.0%**. Tate & Lyle plc keeps 44.0% of revenue after the direct cost of what it sells.
- **Operating margin: 8.8%**. 8.8% of revenue is left after running the business.
- **Net margin: 4.8%**. 4.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.1%**. 6.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.5%**. Return on all capital, debt included, is 8.5%.
- **Return on assets: 6.5%**. Each dollar of assets produces 6.5% of profit.

## Growth
- **Revenue growth (1 yr): 15.6%** (3-yr 4.6%/yr, 5-yr 10.6%/yr). Revenue grew 15.6% over the last year, against 10.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 83.3%** (3-yr -21.8%/yr, 5-yr -19.0%/yr). Earnings per share rose 83.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.81**. Debt is 0.81 times equity, moderate leverage.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.5×**. Operating profit covers interest 3.5× over, a safe margin.
- **Current ratio: 2.71** (quick 1.55). Current assets cover the next year's liabilities 2.71 times.
- **Altman Z-score: 2.35**. A Z-score of 2.35 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.55%** (0p per share, trailing). Tate & Lyle plc yields 3.55%, an income-level yield.
- **Payout ratio: 91%** (93% of free cash flow). 91% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -10.3%/yr** (1-yr 3.6%). The dividend has not grown over five years.
- **Shareholder yield: 12.7%**. Dividends plus net buybacks return 12.7% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (10 analysts). 10 analysts cover Tate & Lyle plc; the consensus is hold, with an average price target of 554p (-1% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 8.7%** (YTD 48.5%, 3-mo -1.3%). The shares are up 8.7% over twelve months including dividends.
- **From 52-week high: -3.9%** (74.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.50** (volatility 55%). Beta of 0.50 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TATE.L · Page: https://foliofundamentals.com/stocks/tate.l

Not investment advice.