Performance Food Stock Fair Value Calculator – PERFORMANCE FOOD Reports Fourth Quarter Earnings for FY2023
August 23, 2023
🌥️Earnings Overview
On June 30, 2023, PERFORMANCE FOOD ($NYSE:PFGC) reported their financial outcome for the fourth quarter of FY2023, which showed total revenue of USD 14865.2 million, a 1.9% growth from the prior year. Net income was reported as USD 150.1 million, a 97.5% improvement from the same period in the previous year.
Market Price
The stock opened at $59.3 and closed at $62.7, a rise of 9.1% from its last closing price of 57.5. The company’s performance was driven by strong sales growth across its core segments and verticals, coupled with cost-saving initiatives and a focus on operational improvements. The company’s sales were primarily driven by increasing demand for value-added convenience foods, which has been increasing steadily in recent years.
Additionally, PERFORMANCE FOOD benefited from its long-term supply chain and logistics partnerships, which enabled it to fulfill orders quickly and efficiently. PERFORMANCE FOOD also implemented several cost-saving initiatives during the fourth quarter, such as supply chain optimization, inventory management, and streamlining of customer service processes. These efforts helped to reduce expenses and improve profitability across the business. It is well-positioned to capitalize on the increasing demand for convenience foods and will continue leveraging its supply chain and logistics capabilities to increase market share. 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 Stock Fair Value Calculator
GoodWhale conducted an analysis of PERFORMANCE FOOD‘s financials, and the results of our proprietary Valuation Line suggest that a fair value of PERFORMANCE FOOD share is estimated to be around $65.9. However, the current market price of PERFORMANCE FOOD stock is $62.7, which implies that the share is undervalued by approximately 4.9%. This presents a good opportunity for investors to buy the stock at a relatively cheaper price. 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.
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Summary
PERFORMANCE FOOD reported strong fourth quarter earnings results for FY2023 on June 30th, with total revenue at USD 14865.2 million and a 97.5% increase in net income to USD 150.1 million. The stock price responded positively to the news, evidencing investor confidence in the company’s financial performance. Looking forward, PERFORMANCE FOOD appears to be a compelling investment opportunity given its impressive growth figures and future outlook. Investors should consider monitoring the company’s financials and news updates as they assess its potential as an investment.
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