B&g Foods Stock Intrinsic Value – B&G FOODS Reports Second Quarter Earnings for Fiscal Year 2023
August 24, 2023
🌥️Earnings Overview
On August 3 2023, B&G FOODS ($NYSE:BGS) announced its earnings for the second quarter of fiscal year 2023 (ending June 30 2023). The reported total revenue for the quarter was USD 469.6 million, a 1.9% decrease from the same period the previous year. However, net income for the quarter was USD 10.6 million, a massive increase from the 0.3 million that was reported in the prior year.
Market Price
The stock opened at $12.8 and closed at $13.3, up by 2.9% from the prior closing price of $12.9. This marks a significant improvement in the company’s financial performance since the start of the fiscal year, proving that B&G FOODS is continuing to gain traction in the market. Operating expenses were also lower than the prior period, allowing B&G FOODS to maximize its profits. The company’s strong performance was largely attributed to its commitment to providing high-quality products and services to its customers.
Analysts predict that B&G FOODS will continue to post strong growth in the third quarter of the fiscal year, citing optimistic projections for customer demand and successful marketing efforts. The company is expected to deliver further increases in profits, setting a high bar for future quarters. With competitive pricing strategies, innovative product offerings, and a dedication to customer satisfaction, B&G FOODS appears well-positioned to continue its 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 |
| 2.13k | -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 Intrinsic Value
GoodWhale recently conducted an analysis of B&G FOODS‘ wellbeing, and the results are in. Our proprietary Valuation Line has calculated the intrinsic value of B&G FOODS share to be around $14.0. Currently, B&G FOODS stock is traded at $13.3, making it a fairly priced and undervalued stock by 4.9%. This gives investors the opportunity to gain potential profits while investing in the company. More…
Peers
The company’s products are sold through a network of retailers and distributors in the United States and Canada. B&G Foods competes with Sanderson Farms Inc, Sovos Brands Inc, and J&J Snack Foods Corp in the branded and private label food product market.
– Sanderson Farms Inc ($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 second quarter earnings for its fiscal year 2023, ending June 30th 2023. Total revenue dropped by 1.9% compared to the same quarter last year, however net income increased significantly from 0.3 million to 10.6 million. This could indicate an increase in efficiency of operations, and improved product demand.
Investors should watch closely the potential of further growth in net income and look for measures that B&G Foods is taking to reduce cost and increase demand. These results could be a sign of progress and further growth potential, and investors should consider investing in this company.
Related Posts
Recent Posts
