Conagra Brands Intrinsic Stock Value – Conagra Brands: A Long-Term Value Play for 2024 and Beyond
November 22, 2023
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Conagra Brands ($NYSE:CAG) is a leading packaged food company with a presence in both the retail and foodservice industries. For investors looking for a long-term value play, Conagra Brands is an excellent choice for the year 2024 and beyond. The company boasts a diverse portfolio of brands that span across multiple categories, which has allowed it to maintain a steady growth rate despite economic fluctuations in the last decade. Conagra Brands’ impressive portfolio of top-selling brands includes the likes of Hunt’s, Healthy Choice, Slim Jim, and Marie Callender’s. In addition to a diversified portfolio of products, Conagra Brands continues to invest in new technologies and innovative product offerings, which has allowed it to stay ahead of the competition and remain an industry leader.
The company’s strong financial position and diversified business model has enabled it to consistently pay out a dividend to shareholders, while still driving organic growth and maintaining its position as a top performer in the industry. Conagra Brands also has a strong commitment to sustainability and has implemented numerous initiatives to reduce its environmental footprint and help contribute to a more sustainable future. This commitment, coupled with its sound business practices and consistent financial performance, make Conagra Brands an excellent long-term value play for 2024 and beyond.
Stock Price
Despite the small 0.3% decrease from its previous closing price of $28.2, Conagra Brands is still a strong contender in the long-term market, with potential for impressive gains in the future. The company has invested heavily in research and development to stay ahead of the curve, as well as expanding their portfolio of products to reach a wider variety of consumers. They also have a strong executive team and a focus on financial discipline that has allowed them to weather economic downturns without sacrificing their long-term plans. Conagra Brands is currently focusing on improving their digital presence and online presence in order to better reach customers, as well as leveraging their relationships with retailers to expand their market share.
They are doing this while simultaneously focusing on their core strengths such as product innovation and marketing. With their focus on innovation and customer engagement, they are sure to deliver long-term value and growth for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Conagra Brands. More…
| Total Revenues | Net Income | Net Margin |
| 12.28k | 1.08k | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Conagra Brands. More…
| Operations | Investing | Financing |
| 1.18k | -369.9 | -784.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Conagra Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.37k | 13.41k | 18.59 |
Key Ratios Snapshot
Some of the financial key ratios for Conagra Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.7% | -1.9% | 13.1% |
| FCF Margin | ROE | ROA |
| 6.5% | 11.4% | 4.5% |
Analysis – Conagra Brands Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of CONAGRA BRANDS wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of each CONAGRA BRANDS share to be around $39.0. Currently, CONAGRA BRANDS shares are being traded at $28.1, which is 28.0% undervalued. This indicates that investors may be able to benefit from buying CONAGRA BRANDS stock at its current price. More…
Peers
The company’s products are sold in more than 100 countries and are marketed under well-known brands such as Healthy Choice, Hunt’s, Slim Jim, Snack Pack, and Vlasic. Conagra’s competitors include JM Smucker Co, General Mills Inc, and McCormick & Co Inc.
– JM Smucker Co ($NYSE:SJM)
The J. M. Smucker Company has a market capitalization of $15.57 billion as of 2022 and a return on equity of 7.19%. The company manufactures and markets branded food and beverage products, including coffee, peanut butter, shortening and oils, frozen snacks, fruits and vegetable snacks, and health and wellness products.
– General Mills Inc ($NYSE:GIS)
General Mills Inc is a food company that manufactures and sells branded consumer foods worldwide. The company has a market cap of 48.09B as of 2022 and a Return on Equity of 20.18%. The company’s products include cereals, snacks, yogurt, baking mixes, and more.
– McCormick & Co Inc ($NYSE:MKC)
McCormick & Co Inc is a food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products. The company has a market cap of 22.46B as of 2022 and a return on equity of 13.21%. The company’s products are sold in over 180 countries and territories.
Summary
Conagra Brands is an attractive value play for investors seeking long-term growth and stability. The company is well-positioned to benefit from its diversified portfolio of brands in the food and beverage industry, with a presence across a variety of channels, regions, and categories. Conagra has implemented strategies to focus on cost savings, revenue growth, and operational efficiencies while investing in innovation, digital capabilities, and marketing. Its strong balance sheet and cash flow generation supports its dividend policy which provides investors with good returns.
