Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Tate & Lyle PLC ADR
Physical assets are 53.7% of total assets, a heavy footprint. Capex is 0.73x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 7.3%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 1.43x. Compare it with other names in the same basket.
Physical asset ratio
53.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.43x
Revenue per dollar of the physical asset base.
Capex / D&A
0.73x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$1.82
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
16.43x
Price $29.85.
Fixed-charge coverage
3.62x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.2%
Latest free cash flow divided by current market cap ($3.30B).
ROIC
7.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.17x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 50.7% | 2.81x | 0.68x | $2.45 | 10.32x | $200.00M | 18.5% | 0.30x |
| 2020 | 57.7% | 2.42x | 0.82x | $2.26 | 8.37x | $218.00M | 15.9% | 0.27x |
| 2021 | 55.0% | 2.54x | 0.77x | $2.36 | 7.72x | $217.00M | 16.5% | 0.26x |
| 2022 | 25.0% | 2.77x | 1.32x | $3.33 | 0.97x | -$45.00M | 1.9% | 0.13x |
| 2023 | 37.3% | 3.59x | 0.82x | $1.84 | 1.41x | -$12.00M | 11.9% | 0.40x |
| 2024 | 38.6% | 3.12x | 1.17x | $2.10 | 6.56x | $98.00M | 13.9% | 0.45x |
| 2025 | 53.7% | 1.22x | 0.95x | $1.75 | 0.72x | $43.00M | 2.6% | 0.07x |
| 2026 | 53.7% | 1.43x | 0.73x | $1.82 | 3.62x | $105.00M | 7.3% | 0.17x |
- Principal due is the current portion of debt.
Latest year inputs (2026)
Net PP&E: $1.40B
Inventory: $572.00M
Total assets: $3.67B
Goodwill: $540.00M
Intangibles: $254.00M
Liabilities: $2.07B
Tangible book: $804.00M
Shares: 442,561,391
Revenue: $2.01B
Capex: $125.00M
D&A: $172.00M
EBITDA: $360.00M
Interest: $57.00M
Short-term debt: $8.00M
Free cash flow: $105.00M
Operating income: $244.00M
Invested capital: $2.49B
Tax rate: 25.2%