Wk Kellogg Co

Consumer Staples
Packaged Foods
www.wkkellogg.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.75B
PE 26
Debt $487.00M
Cash $47.00M
EV $2.19B
FCF $183.00M

Earnings

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Sales & Net Margins

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Earnings	$68.00M
EBIT	$108.00M
ROE	22%
ROA	6%
FCF	$183.00M
Equity	$316.00M
Growth Stability	1
PE	25.77
PEG	-3.29
PB	5.55
P/FCF	9.58
P/S	0.64
Price/Cash	0.03
Debt/Equity	1.54
Debt/FCF	2.66
Net Margins	3%
Gross Margins	29%
Op. Margins	4%
Earnings CAGR	-8%
Sales Growth YoY	-0%
Sales Growth QoQ	3%
Sales CAGR	24%
FCF CAGR	56%
Equity CAGR	-34%
Earnings Stability	-1.05
Earnings Growth YoY	-126%
Earnings Growth QoQ	-135%

Earnings CAGR 5Y	-8%
Sales CAGR 5Y	24%
FCF CAGR 5Y	56%
Equity CAGR 5Y	-34%
Earnings CAGR 3Y	24%
Sales CAGR 3Y	24%
FCF CAGR 3Y	56%
Equity CAGR 3Y	-34%
Market Cap	$1.75B
Revenue	$2.72B
Assets	$1.90B
Total Debt	$487.00M
Cash	$47.00M
Shares Outstanding	86M
EV	2.19B
Earnings Score	6%
Moat Score	77%
Safety Score	88%
Final Score	57%
Working Capital	-168M
Current Ratio	0.78
Gross Profit	$779.00M
Shares Growth 3y	0%
Equity Growth QoQ	-6%
Equity Growth YoY	61%

Assets & ROA

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Stockholders Equity & ROE

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WK Kellogg Co is a leading food company in the U.S., Canada, and Caribbean with a deep heritage of innovation and operational success, supported by its portfolio of trusted, beloved brands, including Kellogg's, Frosted Flakes, Froot Loops, Mini-Wheats, Special K, Raisin Bran, Rice Krispies, Corn Flakes, Kashi, and Bear Naked, that have delighted consumers for more than a century.

SEC Filings

Direct access to Wk Kellogg Co (KLG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 30
- 10-Q Sep 30

Sector Comparison

How does Wk Kellogg Co compare to its competitors?

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Peter Lynch's Chart

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

CAGR -8%

Stability -105%

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Wk Kellogg Co Discounted Cash Flow

Fully customizable DCF calculator online for Wk Kellogg Co.

Years

Calculation mode

= $81B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$183M	$286M	$447M	$699M	$1.1B	$1.7B	$2.7B	$4.2B	$6.5B	$10B	$16B	$159B
DCF		$260M	$369M	$525M	$746M	$1.1B	$1.5B	$2.1B	$3B	$4.3B	$6.1B	$61B
Value	$81B

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	12/2021	12/2022	12/2023	TTM
Net Margins	7%	-1%	4%	3%
ROA	-	-	8%	6%
ROE	-	-	37%	22%

Bad Net Margins (2.56%)

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	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	1.82	2.66
Debt over Equity	-	0	1.65	1.54
Growth Stability	-	-	-	1

Neutral Debt/FCF ratio (2.66)

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.

Bad Debt/Equity ratio (1.54)

The company is overleveraged and has a bad 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	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	10%	3%	24%
Earnings YoY growth	-	-115%	-540%	-8%
Equity YoY growth	-	21%	-56%	-34%
FCF YoY growth	-	-74%	-2K%	56%