Kellanova

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $28.32B
  • PE 21
  • Debt $6.26B
  • Cash $694.00M
  • EV $33.89B
  • FCF $1.13B

Earnings

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Sales & Net Margins

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Earnings$1.34B
EBIT$1.97B
ROE35%
ROA13%
FCF$1.13B
Equity$3.88B
Growth Stability77%
PE21.09
PEG-3.89
PB7.3
P/FCF25.02
P/S2.22
Price/Cash0.02
Debt/Equity1.61
Debt/FCF5.53
Net Margins11%
Gross Margins36%
Op. Margins15%
Earnings CAGR3%
Sales Growth YoY187%
Sales Growth QoQ-3%
Sales CAGR0%
FCF CAGR0%
Equity CAGR8%
Earnings Stability0.08
Earnings Growth YoY1K%
Earnings Growth QoQ-1%
Earnings CAGR 5Y-5%
Sales CAGR 5Y-2%
FCF CAGR 5Y-3%
Equity CAGR 5Y1%
Earnings CAGR 3Y-10%
Sales CAGR 3Y-10%
FCF CAGR 3Y-7%
Equity CAGR 3Y-10%
Market Cap$28.32B
Revenue$12.75B
Dividend Yield3%
Payout Ratio58%
Assets$15.63B
Total Debt$6.26B
Cash$694.00M
Shares Outstanding342.6M
EV33.89B
Earnings Score7%
Moat Score94%
Safety Score78%
Final Score60%
Working Capital-906M
Current Ratio0.81
Gross Profit$4.55B
Shares Growth 3y0%
Equity Growth QoQ3%
Equity Growth YoY15%

Assets & ROA

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Stockholders Equity & ROE

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Founded in 1906, Kellogg is a leading global manufacturer and marketer of cereal, cookies, crackers, and other packaged foods. Its offerings are manufactured in 21 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Special K, Frosted Flakes, Froot Loops, Rice Krispies, Pop-Tarts, Eggo, Kashi, and Morningstar Farms. The firm added the Pringles brand to its mix in 2012. Sales outside its home turf account for around 40% of Kellogg's consolidated sales base. The firm intends to split its global snacking arm from its North American cereal and plant-based alternative segments by the end of calendar 2023.

SEC Filings

Direct access to Kellanova (K) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 28
    • 10-Q Sep 28
    • 10-Q Jun 29
    • 10-Q Mar 30
  • 2023
    • 10-K Dec 30
    • 10-Q Sep 30
    • 10-Q Jul 01
    • 10-Q Apr 01
  • 2022
    • 10-K Dec 31
    • 10-Q Oct 01
    • 10-Q Jul 02
    • 10-Q Apr 02
    • 10-K Jan 01

Sector Comparison

How does Kellanova compare to its competitors?

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Peter Lynch's Chart

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

CAGR 3%
Stability 8%
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Kellanova Discounted Cash Flow

Fully customizable DCF calculator online for Kellanova.

= $11B
012345678910TV
fcf$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$11B
DCF$1B$938M$854M$777M$707M$644M$586M$533M$485M$442M$4.4B
Value$11B

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.

Years01/201612/201612/201712/201812/201901/202112/202112/202212/202312/2024TTM
Net Margins5%5%10%10%7%9%10%6%7%11%11%
ROA-9%12%10%9%10%12%9%10%13%13%
ROE-36%57%42%29%34%35%22%28%35%35%

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.

Years01/201612/201612/201712/201812/201901/202112/202112/202212/202312/2024TTM
Debt over FCF-7.17.569.6314.35.46.75.916.635.535.53
Debt over Equity3.664.133.882.922.552.21.821.571.91.611.61
Growth Stability---100%87%100%100%78%77%100%77%

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.

Years01/201612/201612/201712/201812/201901/202112/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth--4%-1%5%0%1%3%8%-14%-3%-2%
Earnings YoY growth-13%83%5%-28%30%19%-35%-1%41%-5%
Equity YoY growth--10%16%42%5%10%16%4%-23%15%1%
FCF YoY growth--1%2%-16%-38%151%-22%1%-17%17%-3%