B&g Foods Intrinsic Value Calculator – B&G FOODS Reports Successful Third Quarter Earnings for FY2023
November 20, 2023
☀️Earnings Overview
B&G FOODS ($NYSE:BGS) reported their third quarter earnings of FY2023, concluding on September 30 2023. Total revenue for the quarter amounted to USD 502.7 million, a 4.9% decrease from the same period last year. Net income for the quarter was USD -82.7 million, less than the previous year’s -59.6 million.
Stock Price
On Wednesday, B&G FOODS reported its third quarter earnings for fiscal year 2023. The company showed success in its quarterly financial performance, with strong overall profits and increased market share. The stock opened at $8.9 and closed at $8.7, down by 2.6% from the last closing price of 8.9. Despite the slight dip in share price, B&G FOODS is still well-positioned to continue its successes and remain a leader in the food industry. B&G FOODS had a strong third quarter, further cementing its position as one of the top food producers in the world. There were also notable gains in market share, with B&G FOODS capturing a larger portion of the food industry total revenue than ever before.
The company also reported a successful implementation of its cost-saving initiatives, which helped to boost profit margins and strengthen B&G FOODS’ bottom line. The company is optimistic about its long-term prospects as well, citing new product launches that have already started generating demand and additional cost-saving measures that will be implemented in the months ahead. Overall, B&G FOODS had a successful third quarter, with increased profits and market share that enabled it to further cement its position as one of the leading food producers in the world. Going forward, the company is confident that its cost-saving initiatives and new product launches will allow them to continue their success into the future. 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 |
| 2.11k | -44.47 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for B&g Foods. More…
| Operations | Investing | Financing |
| 210.05 | 29.84 | 60.16 |
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 |
| 3.96k | 3.12k | 10.69 |
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 |
| 3.0% | -4.7% | 5.2% |
| FCF Margin | ROE | ROA |
| 8.9% | 8.0% | 1.7% |
Analysis – B&g Foods Intrinsic Value Calculator
At GoodWhale, we have analyzed the financials of B&G FOODS and have calculated its intrinsic value to be around $10.2. This was done using our proprietary Valuation Line which helps us to accurately determine the true value of any given stock. Given that the true value of the stock is higher than the current market price, this presents an opportunity for investors to purchase and benefit from potential capital gains. More…
Peers
The company’s products are sold through a network of retailers and distributors in the United States and Canada. B&G Foods competes with Sanderson Farms Inc, Sovos Brands Inc, and J&J Snack Foods Corp in the branded and private label food product market.
– Sanderson Farms Inc ($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
The third quarter of FY2023 for B&G FOODS saw a decrease in total revenue and net income compared to the previous year. Total revenue for Q3 was USD 502.7 million, a decrease of 4.9% from the prior year, while net income was USD -82.7 million, a decrease from the previous year’s -59.6 million. This marks a significant downturn in performance for the company, suggesting that investors may want to take a closer look at the underlying factors driving this decline before committing any further capital to the company. It may be worthwhile to watch B&G FOODS closely and assess any changes in performance before making any long-term investments.
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