Flowers Foods Inc

Consumer Staples
Packaged Foods
www.flowersfoods.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.66B
PE 15
Debt $1.03B
Cash $5.01M
EV $4.68B
FCF $280.58M

Earnings

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Sales & Net Margins

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Earnings	$248.12M
EBIT	$348.29M
ROE	18%
ROA	10%
FCF	$280.58M
Equity	$1.41B
Growth Stability	63%
PE	14.73
PEG	1.94
PB	2.59
P/FCF	13.03
P/S	0.72
Price/Cash	0
Debt/Equity	0.73
Debt/FCF	3.66
Net Margins	5%
Gross Margins	50%
Op. Margins	7%
Earnings CAGR	3%
Sales Growth YoY	-2%
Sales Growth QoQ	-7%
Sales CAGR	4%
FCF CAGR	-1%
Equity CAGR	2%
Earnings Stability	0.06
Earnings Growth YoY	21%
Earnings Growth QoQ	-34%
Earnings CAGR 5Y	8%

Sales CAGR 5Y	5%
FCF CAGR 5Y	-8%
Equity CAGR 5Y	1%
Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
FCF CAGR 3Y	26%
Equity CAGR 3Y	-2%
Market Cap	$3.66B
Revenue	$5.10B
Dividend Yield	6%
Payout Ratio	82%
Assets	$3.40B
Total Debt	$1.03B
Cash	$5.01M
Shares Outstanding	210.27M
EV	4.68B
Earnings Score	7%
Moat Score	88%
Safety Score	80%
Final Score	58%
Working Capital	107.76M
Current Ratio	1.2
Gross Profit	$2.53B
Shares Growth 3y	-0%
Equity Growth QoQ	0%
Equity Growth YoY	4%

Assets & ROA

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Stockholders Equity & ROE

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Flowers Foods Inc is an American company producing bakery food for retail and foodservice across the United States. The product portfolio includes fresh breads, buns, rolls, snack cakes, and tortillas. The company distributes to supermarkets, convenience stores, and restaurants. The key brands are Nature's Own, Whitewheat, Cobblestone Bread, Wonder, Dave's Killer Bread, Canyon Bakehouse, Mrs. Freshley's, and Tastykake.

SEC Filings

Direct access to Flowers Foods Inc (FLO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 28
- 10-Q Oct 05
- 10-Q Jul 13
- 10-Q Apr 20
2023
- 10-K Dec 30
- 10-Q Oct 07
- 10-Q Jul 15
- 10-Q Apr 22
2022
- 10-K Dec 31
- 10-Q Oct 08
- 10-Q Jul 16
- 10-Q Apr 23
- 10-K Jan 01

Sector Comparison

How does Flowers Foods Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Flowers Foods Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 6%

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Flowers Foods Inc Discounted Cash Flow

Fully customizable DCF calculator online for Flowers Foods Inc.

Years

Calculation mode

= $2.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$281M	$278M	$276M	$274M	$272M	$270M	$268M	$266M	$264M	$262M	$260M	$2.6B
DCF		$253M	$228M	$206M	$186M	$168M	$151M	$136M	$123M	$111M	$100M	$1B
Value	$2.7B

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	12/2024	TTM
Net Margins	5%	4%	4%	4%	4%	3%	5%	5%	2%	5%	5%
ROA	-	10%	6%	7%	7%	10%	9%	9%	5%	10%	10%
ROE	-	14%	12%	12%	13%	11%	15%	16%	9%	18%	18%

Bad Net Margins (4.86%)

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	01/2016	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	3.84	3.83	5.18	4.6	2.7	4.31	4.69	4.79	3.66	3.66
Debt over Equity	0.87	0.81	0.68	0.81	0.96	0.7	0.64	0.62	0.78	0.73	0.73
Growth Stability	-	-	-	94%	100%	97%	100%	100%	63%	100%	63%

Neutral Debt/FCF ratio (3.66)

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 (0.73)

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

Bad Graham’s Stability (63%)

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	01/2016	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	4%	-0%	1%	4%	6%	-1%	11%	6%	0%	5%
Earnings YoY growth	-	-13%	-8%	5%	5%	-7%	35%	11%	-46%	101%	8%
Equity YoY growth	-	-3%	3%	1%	0%	9%	3%	2%	-6%	4%	1%
FCF YoY growth	-	4%	-13%	-12%	34%	35%	-41%	-8%	15%	27%	-8%