Performance Food Intrinsic Value – Performance Food Reports Q4 FY2023 Earnings Results as of June 30, 2023
August 30, 2023
🌥️Earnings Overview
On August 16 2023, PERFORMANCE FOOD ($NYSE:PFGC) released its financial results for the fourth quarter ending June 30 2023, which showed a total revenue of USD 14865.2 million, a rise of 1.9% since the same period last year. Net income experienced an increase of 97.5%, coming in at USD 150.1 million.
Share Price
On Wednesday, Performance Food reported their earnings results for the fourth quarter of fiscal year 2023, ending June 30th, 2023. The stock opened at $59.3 and rose by 9.1% from the previous closing price of $57.5, closing at $62.7. This marks a significant increase in the company’s stock prices for the quarter, indicating growth in their operations and performance.
Overall, Performance Food reported strong results for Q4 FY2023 with significant increases in revenue and margin, as well as repurchased shares and dividends returns for shareholders. This is a positive indication of the company’s growth and performance and suggests a promising future for Performance Food. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Performance Food. More…
| Total Revenues | Net Income | Net Margin |
| 57.25k | 397.2 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Performance Food. More…
| Operations | Investing | Financing |
| 832.1 | -294.6 | -536.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Performance Food. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.5k | 8.75k | 24.24 |
Key Ratios Snapshot
Some of the financial key ratios for Performance Food are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.7% | 4.9% | 1.3% |
| FCF Margin | ROE | ROA |
| 1.0% | 13.0% | 3.8% |
Analysis – Performance Food Intrinsic Value
At GoodWhale, we recently conducted an analysis of PERFORMANCE FOOD’s wellbeing. Our proprietary Valuation Line revealed an intrinsic value of $65.9 for PERFORMANCE FOOD share. This means that the current stock price of $62.7 is a fair price, but it is still undervalued by 4.8%. We believe that investors can capitalize on this discrepancy in the market and benefit from owning PERFORMANCE FOOD shares at this time. More…
Peers
The company operates through three segments: Performance Foodservice, PFG Customized, and Vistar. Performance Foodservice segment offers food and non-food products to independent restaurants, quick-service restaurants, caterers, and national restaurant chains. PFG Customized segment provides food and non-food products to customers who desire a customized distribution solution. Vistar segment supplies non-food products, equipment, and solutions to customers in the vending, office coffee service, theatre, and foodservice management industries.
– US Foods Holding Corp ($NYSE:USFD)
With a market capitalization of $6.66 billion as of 2022, US Foods Holding Corp is a publicly traded foodservice distributor. The company operates a network of nearly 300 distribution centers across the United States, serving more than 250,000 customers. US Foods Holding Corp also offers a variety of foodservice solutions, including custom-cut meat, seafood, and poultry; branded and private label products; and kitchen supplies and equipment. The company’s return on equity was 6.98% as of 2022.
– Sysco Corp ($NYSE:SYY)
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of brands includesSysco, Brakes, FreshPoint and EFS. The company operates approximately 330 distribution facilities worldwide and serves more than 625,000 customer locations.
– Sligro Food Group NV ($LTS:0MKM)
Sligro Food Group is a Dutch food retailer and wholesaler. The company has a market cap of 662.56M as of 2022 and a return on equity of 8.07%. The company operates a chain of supermarkets and hypermarkets under the brand name “Sligro”.
Summary
PERFORMANCE FOOD reported strong earnings results for the fourth quarter of FY2023 ending June 30 2023. Total revenue grew 1.9% year-on-year to USD 14865.2 million while net income increased 97.5% year-on-year to USD 150.1 million. The positive results led to a surge in stock price the same day.
This is a promising sign for potential investors who are considering investing in PERFORMANCE FOOD. The company’s strong financial performance coupled with expected growth in the industry could make it a lucrative investment opportunity with positive long-term returns.
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