GBP reporting
Camellia · CAM.L
Tea / nuts / avocado / arable · Filing
- Acres
- 124,000
- Book / acre
- GBP 1,613
- Market cap (USD)
- $2,025M
- EV / acre (USD)
- $15,570
Sector KPIs
- Non-ag revenue
- 30%
Tangible Balance-Sheet Assets
Asset-class composition from the latest FY filings, alongside market enterprise value for an asset-coverage view. Land at FMV when a per-property breakdown is available; other classes at filed book value.
| Asset class | Book (GBP M) | FMV (GBP M) | Note |
|---|---|---|---|
| Land / property | 200 | 595 | Per-property breakdown below |
| PP&E (mills, plants, machinery) | 78 | — | Net of accumulated depreciation |
| Inventory | 18 | — | |
| Intangibles + goodwill | 4 | — | Excluded from tangible total |
| Tangible total (ex-cash) | 296 | 691 | |
| + Cash & equivalents | 100 | 100 | |
| Tangible total (incl. cash) | 396 | 791 | |
| Reported total assets (BS) | 550 | — | Latest period 2024-12-31 |
Tangible book
GBP 396M
72% of total assets
Market cap
GBP 1,510M
381% of tangible book
Enterprise value
GBP 1,440M
364% of tangible book
Implied fair market analysis
As of 2024-12-31FMV by category
Aggregated from per-property assumptions below| Category | Properties | Acres | Avg book GBP/acre | Avg FMV GBP/acre | Book (GBP M) | FMV (GBP M) | FMV range (GBP M) | FMV vs book |
|---|---|---|---|---|---|---|---|---|
| Kenyan tea — Eastern Produce | 1 | 27,500 | 1,818 | 5,500 | 50 | 151 | 129–174 | +202.5% |
| Kakuzi (Kenya, Murang'a) | 1 | 22,500 | 2,222 | 6,500 | 50 | 146 | 124–168 | +192.5% |
| Bangladesh tea | 1 | 30,000 | 1,167 | 3,500 | 35 | 105 | 89–121 | +200.0% |
| Malawi tea + macadamia | 1 | 25,000 | 1,400 | 3,500 | 35 | 88 | 74–101 | +150.0% |
| South African + Tanzanian agriculture | 1 | 9,000 | 1,667 | 5,000 | 15 | 45 | 38–52 | +200.0% |
| UK + misc | 1 | 5,000 | 1,000 | 8,000 | 5 | 40 | 34–46 | +700.0% |
| India tea (associate) | 1 | 5,000 | 2,000 | 4,000 | 10 | 20 | 17–23 | +100.0% |
| Total | 7 | 124,000 | 1,613 | 4,798 | 200 | 595 | 506–684 | +197.5% |
Properties
7-row breakdown by operating subsidiary / country. Camellia consolidates 50K+ hectares across Kenya / Malawi / Bangladesh / India / South Africa / Tanzania / UK.| Property | Category / crop | Acres | Acquired | Cost (GBP M) | Book (GBP M) | GBP/acre book | FMV GBP/acre | FMV (GBP M) | vs book | Comps |
|---|---|---|---|---|---|---|---|---|---|---|
Eastern Produce Kenya — tea estates Kericho / Nandi Hills, Kenya | Kenyan tea — Eastern Produce Tea (mature + bought-leaf operations) | 27,500 | — | — | 50 | 1,818 | 5,500 4,675–6,325 | 151.3 | +202.5% | KE-TEA-2024 Kericho/Nandi Hills mature tea; KTDA broker comps 2024 |
Kakuzi (Kenya) — avocado, macadamia, blueberry, beef, forestry Murang'a County, Kenya | Kakuzi (Kenya, Murang'a) Avocado / macadamia / blueberry / beef / forestry | 22,500 | — | — | 50 | 2,222 | 6,500 5,525–7,475 | 146.3 | +192.5% | KE-TEA-2024TZ-AVO-MACADAMIA-2024 Kakuzi diversified ag — avocado + macadamia premium; ~9K hectares across Thika area; Camellia owns ~50% |
Bangladesh tea estates + 14 factories + 2 rubber facilities Sylhet region, Bangladesh | Bangladesh tea Tea + rubber processing | 30,000 | — | — | 35 | 1,167 | 3,500 2,975–4,025 | 105 | +200.0% | KE-TEA-2024 Sylhet mature tea estates; integrated 14-factory CTC tea production |
Eastern Produce Malawi — tea + macadamia Thyolo Highlands + Mulanje Mountain foothills, Malawi | Malawi tea + macadamia Tea + macadamia | 25,000 | — | — | 35 | 1,400 | 3,500 2,975–4,025 | 87.5 | +150.0% | KE-TEA-2024TZ-AVO-MACADAMIA-2024 Largest tea + macadamia producer in Malawi; lower per-acre vs Kenya |
South Africa + Tanzania ag operations South Africa + Tanzania | South African + Tanzanian agriculture Avocado + nuts + wine grapes | 9,000 | — | — | 15 | 1,667 | 5,000 4,250–5,750 | 45 | +200.0% | TZ-AVO-MACADAMIA-2024 South African + Tanzanian specialty ag operations |
Other / arable land in UK + minor positions UK + various | UK + misc Mixed arable / livestock | 5,000 | — | — | 5 | 1,000 | 8,000 6,800–9,200 | 40 | +700.0% | — UK arable land at higher per-acre |
India tea (Goodricke 25% stake) Assam + West Bengal, India | India tea (associate) Tea (Goodricke equity stake) | 5,000 | — | — | 10 | 2,000 | 4,000 3,400–4,600 | 20 | +100.0% | KE-TEA-2024 Camellia's 25% stake in Goodricke Group plc (BSE-listed); attributed acres reflect proportional ownership |
Comparable land transactions and surveys
2 reference points · all dated within last 24 months| ID | Description | Location | Acres | $ / acre | Date | Source |
|---|---|---|---|---|---|---|
| TZ-AVO-MACADAMIA-2024 | East African avocado / macadamia estate land | Tanzania / Kenya highlands | — | $4,500 | Oct 2024 | East African ag-investment reports 2024 |
| KE-TEA-2024 | Kenyan tea estate transactions | Kericho / Nandi Hills, Kenya | — | $7,500 | Sep 2024 | Kenya Tea Development Agency land reports 2024 |
Camellia plc consolidates ~50,000 hectares (~124K acres) of agricultural land across 7 countries through operating subsidiaries. The 7-row breakdown reflects each subsidiary's geography and crop profile. Notable holdings: - Kakuzi (Kenya, ~50% Camellia ownership, separately AIM-listed): 22.5K acres of diversified ag — avocado, macadamia, blueberry, beef, forestry — most valuable per-acre block - Eastern Produce Kenya: 27.5K acres of mature Kericho/Nandi Hills tea - Eastern Produce Malawi: 25K acres of tea + macadamia (largest in Malawi) - Bangladesh tea: 30K acres + 14 CTC factories + 2 rubber processing plants - India tea (Goodricke 25% stake): 5K acres attributed by ownership share - South Africa + Tanzania: 9K acres of specialty (avocado, nuts, wine grapes) - UK arable + misc: 5K acres Camellia's GBP 200M agricultural-segment Net PP&E carve-out is a rough estimate. Camellia consolidates non-agriculture subsidiaries (engineering, financial services) so a strict comp filter requires segment-level book value disclosure that isn't straightforward in their public reporting. Methodology caveat: Kakuzi is itself separately listed on Nairobi (KAKZ.NR) and AIM (KAKU); Camellia owns ~50% — the 22.5K acres shown here is full-economic-area (not Camellia's 50% economic share). For a strictly-Camellia-economic comp, multiply Kakuzi acres by 0.50.
Financial snapshot
51 reported periods · 2526 daily price points
Reported metrics (revenue, EBITDA, property value, NAV/share, total acres) come from content/farmland-financials/CAM.L.json — manually compiled at the most-granular timeframe each issuer discloses (typically quarterly). Stock price overlay and premium/discount on the NAV/share chart use daily Yahoo close; premium/discount steps each time NAV is re-reported.
Sector trends
7 populated KPIs · 1995–2024