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.
Studies indicate that combining factors such as Value, Quality and Momentum is a more effective way of outperforming the market over longer time frames. That's why we have constructed our StockReports to give an instant impression of how well exposed Tate & Lyle (LON:TATE) is to these three factors. We go into greater detail on factor investing in this video.
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