Freshpet Intrinsic Value – FRESHPET Reports Profitable Second Quarter Earnings for FY2023
August 11, 2023
☀️Earnings Overview
On June 30, 2023, FRESHPET ($NASDAQ:FRPT) announced their earnings results for the second quarter of FY2023. The total revenue for the quarter was USD 183.3 million, signifying a 25.6% increase from the same quarter in the previous financial year. Net income also improved from -20.6 million in Q2 of FY2022 to -17.0 million in Q2 of FY2023.
Share Price
The stock opened at $75.6 and closed at $82.2, soaring by 11.5% from the prior closing price of 73.7. Management expects to continue generating strong sales and profits in the future, with a focus on continuing to innovate and improve their product portfolio to better serve their customers. FRESHPET_Reports_Profitable_Second_Quarter_Earnings_for_FY2023″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Freshpet. More…
| Total Revenues | Net Income | Net Margin |
| 668.02 | -63.1 | -9.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Freshpet. More…
| Operations | Investing | Financing |
| 18.94 | -331.31 | 249.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Freshpet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.41k | 472.59 | 21.47 |
Key Ratios Snapshot
Some of the financial key ratios for Freshpet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.4% | – | -7.4% |
| FCF Margin | ROE | ROA |
| -32.7% | -3.3% | -2.2% |
Analysis – Freshpet Intrinsic Value
We at GoodWhale recently completed an analysis of FRESHPET‘s wellbeing and discovered that the fair value of their share is around $146.4. This figure was calculated using our proprietary Valuation Line, and provides an accurate measure of FRESHPET’s worth. Currently, FRESHPET is trading on the stock market at $82.2, which is a 43.9% undervaluation. This presents an attractive opportunity for potential investors to buy in at a lower price and benefit from a potential return in the future. More…
Peers
The company’s primary competitors are Thai Union Group PCL, Ebro Foods SA, and Marfrig Global Foods SA.
– Thai Union Group PCL ($SET:TU)
Thai Union Group PCL is a food and seafood company that has a market cap of 84.72B as of 2022. The company has a return on equity of 9.2%. Thai Union Group is one of the world’s largest producers of canned tuna and other seafood products. The company has over 46,000 employees and operates in more than 90 countries.
– Ebro Foods SA ($OTCPK:EBRPY)
Ebro Foods is a Spanish food company with operations in Europe, America, and Asia. The company produces and markets a wide range of food products, including rice, pasta, sauces, and canned goods. In addition to its own brands, Ebro Foods also manufactures and markets products under license from other companies, such as Unilever and Nestlé.
Ebro Foods has a market capitalization of 2.42 billion euros as of 2022. The company’s return on equity was 6.32% in the same year.
Ebro Foods is a leading food company in Spain with a strong presence in international markets. The company’s diversified product portfolio and wide geographic reach have allowed it to generate consistent growth and profitability over the years. Going forward, Ebro Foods is well-positioned to continue delivering shareholder value as it expands its operations in existing markets and enters new ones.
– Marfrig Global Foods SA ($OTCPK:MRRTY)
Marfrig Global Foods SA is a Brazilian company that is engaged in the business of meatpacking, with operations in Brazil, Europe, and the United States. The company is headquartered in São Paulo and was founded in 1953. Marfrig Global Foods SA has a market cap of 1.33B as of 2022, a Return on Equity of 144.61%. The company is one of the world’s largest producers of burgers and chicken nuggets.
Summary
Investors in FRESHPET had cause for celebration on June 30, 2023 when the company reported its earnings results for the second quarter of FY2023. Total revenue was USD 183.3 million, a 25.6% increase over the same period last year, with net income improving from -20.6 million to -17.0 million. The stock price reacted positively to the news, indicating that investor confidence in the company’s performance is high. Going forward, investors should continue to monitor incoming trends and data to inform their decisions on whether to invest in FRESHPET.
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