Central Garden & Pet Co

Consumer Discretionary
Consumer Specialties
www.central.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $2.40B
PE 20
Debt $1.19B
Cash $632.67M
EV $2.96B
FCF $356.74M

Earnings

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Sales & Net Margins

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Earnings	$121.56M
EBIT	$204.97M
ROE	8%
ROA	6%
FCF	$356.74M
Equity	$1.52B
Growth Stability	75%
PE	19.76
PEG	26.51
PB	1.58
P/FCF	6.73
P/S	0.75
Price/Cash	0.26
Debt/Equity	0.78
Debt/FCF	3.34
Net Margins	2%
Gross Margins	30%
Op. Margins	6%
Earnings CAGR	12%
Sales Growth YoY	3%
Sales Growth QoQ	-2%
Sales CAGR	9%
FCF CAGR	11%
Equity CAGR	14%
Earnings Stability	0.59
Earnings Growth YoY	3K%
Earnings Growth QoQ	-141%

Earnings CAGR 5Y	1%
Sales CAGR 5Y	5%
FCF CAGR 5Y	11%
Equity CAGR 5Y	10%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	77%
Equity CAGR 3Y	7%
Market Cap	$2.40B
Revenue	$3.22B
Assets	$3.54B
Total Debt	$1.19B
Cash	$632.67M
Shares Outstanding	64.55M
EV	2.96B
Earnings Score	82%
Moat Score	72%
Safety Score	87%
Final Score	80%
Working Capital	1.34B
Current Ratio	3.47
Gross Profit	$960.59M
Shares Growth 3y	10%
Equity Growth QoQ	-2%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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Central Garden & Pet Co understands that home is central to life and has nurtured happy and healthy homes for over forty years. Central is on a mission to lead the future of the pet and garden industries. The company's innovative and trusted products are dedicated to help lawns grow greener, gardens bloom bigger, pets live healthier and communities grow stronger. Central is home to a portfolio of more than sixty-five brands including Pennington, Nylabone, Kaytee, Amdro, and Aqueon, strong manufacturing and distribution capabilities, and passionate, entrepreneurial growth culture. Central Garden & Pet is based in Walnut Creek, California, and has offices across North America and Europe.

SEC Filings

Direct access to Central Garden & Pet Co (CENT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 28
- 10-K Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-Q Dec 30
- 10-K Sep 30
- 10-Q Jun 24
- 10-Q Mar 25
2022
- 10-Q Dec 24
- 10-K Sep 24
- 10-Q Jun 25
- 10-Q Mar 26

Sector Comparison

How does Central Garden & Pet Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Central Garden & Pet Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 59%

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Central Garden & Pet Co Discounted Cash Flow

Fully customizable DCF calculator online for Central Garden & Pet Co.

Years

Calculation mode

= $7.4B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$357M	$394M	$436M	$482M	$533M	$589M	$651M	$720M	$796M	$880M	$973M	$9.7B
DCF		$359M	$360M	$362M	$364M	$366M	$368M	$369M	$371M	$373M	$375M	$3.8B
Value	$7.4B

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	2%	2%	4%	6%	4%	4%	5%	5%	4%	3%	2%
ROA	-	11%	12%	9%	8%	8%	8%	8%	6%	5%	6%
ROE	-	8%	12%	13%	9%	11%	12%	11%	9%	7%	8%

Bad Net Margins (2.13%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	3.2	5.69	9.08	4	3.14	6.96	-7.95	3.63	3.38	3.34
Debt over Equity	0.79	0.71	0.62	0.73	0.7	0.64	0.97	0.89	0.82	0.76	0.78
Growth Stability	-	-	-	100%	100%	100%	100%	100%	89%	75%	75%

Neutral Debt/FCF ratio (3.34)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.78)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (75%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	11%	12%	8%	8%	13%	23%	1%	-1%	-3%	5%
Earnings YoY growth	-	39%	77%	57%	-25%	30%	26%	0%	-17%	-14%	1%
Equity YoY growth	-	10%	15%	50%	5%	8%	14%	9%	9%	7%	10%
FCF YoY growth	-	89%	-44%	10%	127%	28%	-23%	-188%	-320%	7%	11%