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B&g Foods, Inc.
BGS
Food and Kindred Products
Mkt Cap
$745.6MPE
-6.79Debt
$2.076BCash
$42.46MEV
$2.779BFCF
$184MP/E Ratio
-6.79Debt
$2.076BCash
$42.46MEV
$2.779BFCF
$184MCharts data: {"Earnings":[{"time":"2015-01-02","value":40956000},{"time":"2016-01-01","value":69090000},{"time":"2016-12-30","value":109425000},{"time":"2017-12-29","value":217463000},{"time":"2018-12-28","value":172435000},{"time":"2019-12-27","value":76389000},{"time":"2021-01-01","value":131988000},{"time":"2021-12-31","value":67363000},{"time":"2022-12-30","value":-11370000},{"time":"2023-12-29","value":-66198000}],"Sales":[{"time":"2015-01-02","value":848017000},{"time":"2016-01-01","value":966358000},{"time":"2016-12-30","value":1391257000},{"time":"2017-12-29","value":1668056000},{"time":"2018-12-28","value":1700764000},{"time":"2019-12-27","value":1660414000},{"time":"2021-01-01","value":1967909000},{"time":"2021-12-31","value":2056264000},{"time":"2022-12-30","value":2163000000},{"time":"2023-12-29","value":2062313000}],"Net Margins":[{"time":"2015-01-02","value":0.048296201609165854},{"time":"2016-01-01","value":0.07149524296378774},{"time":"2016-12-30","value":0.07865189537231439},{"time":"2017-12-29","value":0.1303691242979852},{"time":"2018-12-28","value":0.10138678852562731},{"time":"2019-12-27","value":0.04600599609494981},{"time":"2021-01-01","value":0.06707017448469416},{"time":"2021-12-31","value":0.032759898534429434},{"time":"2022-12-30","value":-0.005256588072122053},{"time":"2023-12-29","value":-0.03209891030120064}],"Assets":[{"time":"2015-01-02","value":1649353000},{"time":"2016-01-01","value":2571715000},{"time":"2016-12-30","value":3043505000},{"time":"2017-12-29","value":3561038000},{"time":"2018-12-28","value":3054799000},{"time":"2019-12-27","value":3227590000},{"time":"2021-01-01","value":3767570000},{"time":"2021-12-31","value":3828545000},{"time":"2022-12-30","value":3841609000},{"time":"2023-12-29","value":3463290000}],"Stockholders Equity":[{"time":"2015-01-02","value":337995000},{"time":"2016-01-01","value":457685000},{"time":"2016-12-30","value":785657000},{"time":"2017-12-29","value":880819000},{"time":"2018-12-28","value":900049000},{"time":"2019-12-27","value":812542000},{"time":"2021-01-01","value":831877000},{"time":"2021-12-31","value":920254000},{"time":"2022-12-30","value":868166000},{"time":"2023-12-29","value":835463000}],"ROE":[{"time":"2015-01-02","value":0.12117339013890738},{"time":"2016-01-01","value":0.15095535138796334},{"time":"2016-12-30","value":0.13927833647507754},{"time":"2017-12-29","value":0.24688727195939233},{"time":"2018-12-28","value":0.19158401375925088},{"time":"2019-12-27","value":0.09401237105281943},{"time":"2021-01-01","value":0.15866287924777342},{"time":"2021-12-31","value":0.07320044248653089},{"time":"2022-12-30","value":-0.013096573696735416},{"time":"2023-12-29","value":-0.07923510676116118}],"ROA":[{"time":"2015-01-02","value":0.0703900256646091},{"time":"2016-01-01","value":0.0670253119027575},{"time":"2016-12-30","value":0.0834547667902632},{"time":"2017-12-29","value":0.0672281508930823},{"time":"2018-12-28","value":0.11135069770547915},{"time":"2019-12-27","value":0.06315424201958737},{"time":"2021-01-01","value":0.07337302292989911},{"time":"2021-12-31","value":0.05121501771560737},{"time":"2022-12-30","value":0.0256736174868395},{"time":"2023-12-29","value":0.023220406030104324}]}
B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, cookies and crackers, corn starch, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone's, Trappey's, TrueNorth, Underwood, Vermont Maid, Victoria, and Weber and Wright's. The company also sells, markets, and distributes household products under the Static Guard brand. It sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey.
DCF
Discounted Cash Flow Valuation of B&g Foods, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $184M | $166.3M | $150.4M | $135.9M | $122.9M | $111.1M | $100.5M | $90.83M | $82.12M | $74.25M | $67.13M | $671.3M |
| DCF | $144.6M | $113.7M | $89.39M | $70.27M | $55.25M | $43.43M | $34.15M | $26.85M | $21.11M | $16.59M | $165.9M | |
| Value | $781.3M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth -0.32%
Earnings Stability -20%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 01-2016 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 01-2021 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 7.1% | 7.9% | 13% | 10% | 4.6% | 6.7% | 3.3% | -0.53% | -3.2% | -5.4% |
| ROA | 6.7% | 8.3% | 6.7% | 11% | 6.3% | 7.3% | 5.1% | 2.6% | 2.3% | 0.08% |
| ROE | 15% | 14% | 25% | 19% | 9.4% | 16% | 7.3% | -1.3% | -7.9% | -14% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +3.5%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -2.44%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +5.8%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -1.64%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +7.09%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -5.03%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 01-2016 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 01-2021 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 16.36 | 7.12 | -102.26 | 9.83 | 459.30 | 9.25 | 45.46 | -150.35 | 9.39 | 11.29 |
| Debt Equity | 3.93 | 2.24 | 2.55 | 1.83 | 2.35 | 2.83 | 2.48 | 2.83 | 2.50 | 2.66 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 46% | 85% | 53% | -12% | -110% | -110% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 11.29.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -51.28.
What is the Graham’s Stability?
Graham’s Stability measure stands at -1.06.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 01-2021 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 5.8% | 3.9% | 1.6% | -4.7% | -3.4% |
| Net Income | - | - | - | - | -17% |
| Stockholders Equity | 0.88% | -1.5% | 0.14% | -3.8% | -6.5% |
| FCF | -1.5% | 5.8% | -4.5% | - | 380% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +3.93%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -3.42%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -17.09%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -1.48%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -6.52%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +5.76%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +379.64%.