Mgp Ingredients Inc

Consumer Staples
Beverages (Production/Distribution)
www.mgpingredients.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $976.45M
PE 9
Debt $302.45M
Cash $20.77M
EV $1.26B
FCF $42.64M

Earnings

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Sales & Net Margins

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Earnings	$106.55M
EBIT	$147.94M
ROE	12%
ROA	10%
FCF	$42.64M
Equity	$914.47M
Growth Stability	100%
PE	9.16
PEG	0.31
PB	1.07
P/FCF	22.9
P/S	1.32
Price/Cash	0.02
Debt/Equity	0.33
Debt/FCF	7.09
Net Margins	14%
Gross Margins	40%
Op. Margins	20%
Earnings CAGR	28%
Sales Growth YoY	-24%
Sales Growth QoQ	-15%
Sales CAGR	59%
FCF CAGR	27%
Equity CAGR	30%
Earnings Stability	0.67
Earnings Growth YoY	81%
Earnings Growth QoQ	-26%
Earnings CAGR 5Y	29%

Sales CAGR 5Y	22%
FCF CAGR 5Y	32%
Equity CAGR 5Y	39%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
FCF CAGR 3Y	-15%
Equity CAGR 3Y	13%
Market Cap	$976.45M
Revenue	$737.72M
Dividend Yield	1%
Payout Ratio	10%
Assets	$1.44B
Total Debt	$302.45M
Cash	$20.77M
Shares Outstanding	21.95M
EV	1.26B
Earnings Score	91%
Moat Score	92%
Safety Score	82%
Final Score	88%
Working Capital	449.67M
Current Ratio	6.46
Gross Profit	$296.99M
Shares Growth 3y	1%
Equity Growth QoQ	2%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Products,Branded Spirits Segment , and Ingredient Solutions. Distillery Products provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery products segment.

SEC Filings

Direct access to Mgp Ingredients Inc (MGPI) 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 Mgp Ingredients Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 28%

Stability 67%

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Mgp Ingredients Inc Discounted Cash Flow

Fully customizable DCF calculator online for Mgp Ingredients Inc.

Years

Calculation mode

= $2.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$43M	$54M	$69M	$88M	$112M	$143M	$183M	$233M	$296M	$378M	$481M	$4.8B
DCF		$49M	$57M	$66M	$77M	$89M	$103M	$119M	$138M	$160M	$186M	$1.9B
Value	$2.9B

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	09/2016	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	140%	135%	-	185%	11%	10%	14%	14%	13%	14%
ROA	-	20%	-	18%	15%	15%	12%	13%	11%	10%
ROE	-	22%	-	18%	17%	15%	14%	15%	13%	12%

Good Net Margins (14.5%)

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.

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	09/2016	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-3.16	-	13.54	14.01	1.24	5.95	5.55	10.53	7.09
Debt over Equity	0.12	0.32	-	0.16	0.18	0.16	0.38	0.32	0.35	0.33
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Bad Debt/FCF ratio (7.09)

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

Good Debt/Equity ratio (0.33)

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

Good Graham’s Stability (100%)

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	09/2016	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	15%	-	-	2K%	9%	58%	25%	7%	22%
Earnings YoY growth	-	11%	-	-	5%	4%	126%	20%	-2%	29%
Equity YoY growth	-	11%	-	-	15%	14%	146%	16%	14%	39%
FCF YoY growth	-	-234%	-	-	23%	1K%	22%	7%	-35%	32%