B&g Foods Stock Fair Value – B&G FOODS Reports Profitable Second Quarter of Fiscal Year 2023
August 25, 2023
☀️Earnings Overview
B&G FOODS ($NYSE:BGS) reported financial results for the second quarter of fiscal year 2023 on June 30, 2023, which revealed a total revenue of USD 469.6 million, a 1.9% decline compared to the same quarter the previous year. Net income was reported to be USD 10.6 million, in contrast to the 0.3 million reported in the same quarter the year before.
Price History
These results were further strengthened by the performance of B&G FOODS’ stock on Thursday. The stock opened at $12.8 and closed at $13.3, a 2.9% increase from its last closing price of $12.9. This marked the second consecutive quarter of profitability for the company and investors responded positively to the news. With their stock prices rising and profits increasing, B&G FOODS is well-positioned for success in the coming quarters. 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 Stock Fair Value
GoodWhale conducted an analysis of B&G FOODS‘s wellbeing and determined that the company’s intrinsic value was approximately $14.0. This value was determined using our proprietary Valuation Line. Currently, B&G FOODS stock is traded at $13.3, a price that is slightly below the intrinsic value, making it a fair price undervalued by 4.9%. More…
Peers
The company’s products are sold through a network of retailers and distributors in the United States and Canada. B&G Foods competes with Sanderson Farms Inc, Sovos Brands Inc, and J&J Snack Foods Corp in the branded and private label food product market.
– Sanderson Farms Inc ($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
Investors looking to gauge the performance of B&G FOODS in the second quarter of 2023 may be interested to learn that total revenue decreased 1.9% year-over-year to USD 469.6 million, while net income surged to USD 10.6 million from 0.3 million during the same period last year. Although the top line faced a slight dip, the bottom line was able to swing to positive territory due to cost cutting measures. This could suggest that the company is well-positioned to return to growth in ensuing quarters.
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