Freshpet, Inc.

Consumer Staples
Packaged Foods
www.freshpet.com

Earnings Score
Moat Score
Safety Score

Market Cap $7.48B
PE 170
Debt $394.63M
Cash $274.59M
EV $7.60B
FCF -$65.39M

Earnings

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Sales & Net Margins

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Earnings	$44.09M
EBIT	$37.36M
ROE	4%
ROA	2%
FCF	-$65.39M
Equity	$1.02B
Growth Stability	1
PE	169.57
PEG	19.81
PB	7.32
P/FCF	-114.35
P/S	8.06
Price/Cash	0.04
Debt/Equity	0.39
Debt/FCF	-6.04
Net Margins	4%
Gross Margins	39%
Op. Margins	4%
Earnings CAGR	1%
Sales Growth YoY	26%
Sales Growth QoQ	8%
Sales CAGR	28%
Equity CAGR	37%
Earnings Stability	0.02
Earnings Growth YoY	-266%

Earnings Growth QoQ	-802%
Earnings CAGR 5Y	9%
Sales CAGR 5Y	33%
Equity CAGR 5Y	34%
Earnings CAGR 3Y	32%
Sales CAGR 3Y	32%
Equity CAGR 3Y	9%
Market Cap	$7.48B
Revenue	$927.89M
Assets	$1.53B
Total Debt	$394.63M
Cash	$274.59M
Shares Outstanding	48.44M
EV	7.6B
Earnings Score	6%
Moat Score	49%
Safety Score	68%
Final Score	41%
Working Capital	332.05M
Current Ratio	4.72
Gross Profit	$358.93M
Shares Growth 3y	5%
Equity Growth QoQ	3%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Freshpet Inc makes and distributes natural pet foods across North America. The company's products include Nature's Fresh, Deli Fresh, Vital, and Freshpet among others.

SEC Filings

Direct access to Freshpet, Inc. (FRPT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Freshpet, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 1%

Stability 2%

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Freshpet, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Freshpet, Inc..

Years

Calculation mode

= -$654M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$65M	-$65M	-$65M	-$65M	-$65M	-$65M	-$65M	-$65M	-$65M	-$65M	-$65M	-$654M
DCF		-$59M	-$54M	-$49M	-$45M	-$41M	-$37M	-$34M	-$31M	-$28M	-$25M	-$252M
Value	-$654M

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-151%	-3%	-2%	-3%	-3%	-1%	-1%	-7%	-10%	-4%	4%
ROA	-	-3%	-2%	-2%	-3%	-0%	-0%	-3%	-4%	-1%	2%
ROE	-	-4%	-3%	-4%	-4%	-1%	-1%	-4%	-6%	-4%	4%

Bad Net Margins (4.04%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-0	-0.41	-0	0	-2.01	-0	-0	-0	-2.41	-6.04
Debt over Equity	0	0	0.06	0	0	0.83	0	0	0	0.41	0.39
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Good Debt/FCF ratio (-6.04)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.39)

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

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good 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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	34%	15%	18%	24%	27%	30%	33%	40%	29%	33%
Earnings YoY growth	-	-97%	-15%	35%	26%	-74%	131%	832%	100%	-44%	9%
Equity YoY growth	-	1%	4%	8%	4%	8%	200%	83%	43%	-8%	34%
FCF YoY growth	-	-19%	-15%	-84%	-184%	-2K%	109%	184%	-15%	-40%	-