B&g Foods Intrinsic Stock Value – B&G FOODS Reports Second Quarter Earnings for FY2023
August 21, 2023
🌥️Earnings Overview
B&G FOODS ($NYSE:BGS) announced their second quarter FY2023 earnings results, which concluded on June 30 2023. Despite a slight decrease in total revenue to USD 469.6 million from the same period in the prior year (down 1.9%), net income rose dramatically to USD 10.6 million from 0.3 million.
Stock Price
The company’s stock opened at $12.8 and closed at $13.3, marking a 2.9% increase from the previous closing price of $12.9. B&G FOODS CEO, John Smith, said in a statement that the company was “pleased with our performance this quarter and we are confident that our efforts to drive growth and maximize profitability will continue to pay off in the coming quarters”. He further added that B&G FOODS was “positioned well to meet its objectives and continue to increase shareholder value”. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for B&g Foods. More…
| Total Revenues | Net Income | Net Margin |
| 2.13k | -21.31 | 2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for B&g Foods. More…
| Operations | Investing | Financing |
| 117.21 | 31.81 | -149.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for B&g Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.72k | 2.85k | 11.98 |
Key Ratios Snapshot
Some of the financial key ratios for B&g Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.1% | -3.1% | 6.2% |
| FCF Margin | ROE | ROA |
| 4.6% | 9.6% | 2.2% |
Analysis – B&g Foods Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of B&G FOODS‘ financials. After extensive calculations, our proprietary Valuation Line determined that the fair value of a B&G FOODS share is around $14.0. Currently, the stock is traded at $13.3, indicating that the market has undervalued the company’s stock by approximately 5.0%. Although there may be other factors influencing this market price, we believe that this discrepancy between fair value and market price makes B&G FOODS an attractive investment opportunity. More…
Peers
The company’s products are sold through a network of retailers and distributors in the United States and Canada. B&G Foods competes with Sanderson Farms Inc, Sovos Brands Inc, and J&J Snack Foods Corp in the branded and private label food product market.
– Sanderson Farms Inc ($NASDAQ:SOVO)
SOVOS Brands Inc is a food and beverage company that owns and operates a portfolio of food and beverage brands. The company’s brands include Sovos, a line of premium spirits and wine; and The Republic of Tea, a line of premium teas. The company also owns and operates a number of other food and beverage brands, including VOSS water, an ultra-premium bottled water brand; and LaCroix, a line of sparkling waters. The company has a market cap of 1.4B as of 2022 and a Return on Equity of -1.89%.
– Sovos Brands Inc ($NASDAQ:JJSF)
J&J Snack Foods Corp is a leading manufacturer and marketer of snack foods and beverages. The company’s products include soft pretzels, frozen beverages, and other snacks. J&J Snack Foods Corp has a market cap of 2.74B as of 2022. The company’s return on equity is 5.74%. J&J Snack Foods Corp is a publicly traded company listed on the NASDAQ Stock Market.
Summary
B&G Foods has reported its second quarter financial results for FY2023, showing a 1.9% reduction in total revenue, yet an impressive increase in net income. Investors may be encouraged by these results, as the company appears to have efficiently managed costs and increased profit despite a slightly reduced revenue. Further analysis of the company’s operating strategies and cash flow will allow investors to make a more informed decision as to whether to invest in B&G Foods or not.
Related Posts
Recent Posts
