Sovos Brands, Inc.

Report azionario NasdaqGS:SOVO

Capitalizzazione di mercato: US$2.3b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Sovos Brands Performance degli utili passati

Criteri Il passato verificati 2/6

Gli utili di Sovos Brands sono diminuiti a un tasso medio annuo di -18.9%, mentre il settore Food ha visto gli utili crescere a un tasso medio annuo di 2.2%. I ricavi sono cresciuti crescere a un tasso medio annuo di 18.9%. Il ritorno sul capitale proprio di Sovos Brands è 5.7% e ha margini netti di 3%.

Informazioni chiave

-18.85%

Tasso di crescita degli utili

-15.83%

Tasso di crescita dell'EPS

Food Crescita del settore15.98%
Tasso di crescita dei ricavi18.92%
Rendimento del capitale proprio5.69%
Margine netto2.96%
Ultimo aggiornamento sugli utili30 Dec 2023

Aggiornamenti sulle prestazioni recenti

Recent updates

Articolo di analisi • Sep 01

What Sovos Brands, Inc.'s (NASDAQ:SOVO) 27% Share Price Gain Is Not Telling You

Sovos Brands, Inc. ( NASDAQ:SOVO ) shareholders would be excited to see that the share price has had a great month...
Articolo di analisi • Jun 26

Sovos Brands, Inc. (NASDAQ:SOVO) Shares Could Be 36% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Sovos Brands is US$30.35 based on 2 Stage Free Cash Flow to Equity Sovos...
Articolo di analisi • May 08

Returns At Sovos Brands (NASDAQ:SOVO) Are On The Way Up

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Articolo di analisi • Feb 08

Calculating The Fair Value Of Sovos Brands, Inc. (NASDAQ:SOVO)

How far off is Sovos Brands, Inc. ( NASDAQ:SOVO ) from its intrinsic value? Using the most recent financial data, we'll...
Articolo di analisi • Oct 25

Sovos Brands, Inc.'s (NASDAQ:SOVO) Intrinsic Value Is Potentially 77% Above Its Share Price

How far off is Sovos Brands, Inc. ( NASDAQ:SOVO ) from its intrinsic value? Using the most recent financial data, we'll...
Seeking Alpha • Oct 04

Sovos Brands: Strong Growth Continues

Summary Sovos Brands continues to generate strong revenue growth, but some of its bottom line results have been mixed. All things considered, the company has held up well in the current volatile market. Shares are not value prospects, but they can offer a nice upside for growth-oriented investors moving forward. The past several months have been particularly hard for investors in the stock market. The market, broadly speaking, has tanked amidst fears related to inflation, rising interest rates, supply chain concerns, and the prospect of a real economic downturn. Very few companies have performed well in this environment. But one company that has held up better than most is Sovos Brands (SOVO). This enterprise owns a portfolio of food brands such as Rao's, Birch Benders, and Michael Angelo's. Even though some of its financial performance has been somewhat mixed, the overall trajectory for the company looks positive. And with how far shares have fallen, upside potential from here likely is positive. Due to these factors, I have decided to keep my 'buy' rating on the company, with the understanding that market conditions should cause investors to be diligent in assessing changes to the underlying business as more data comes out. Growth continues Back in December of 2021, I wrote my first article discussing whether or not Sovos Brands made sense for investors to consider buying into. In that article, I acknowledged that the company had done well to expand at a rapid pace over the prior few years. Its overall financial picture had been getting better year after year, though it was also true that there was still plenty of room left for improvements to be made. The only thing that turned me off about the company was that its stock looked rather pricey. But given how rapidly the company was growing, I felt the firm could grow into its valuation. This led me to rate the company a 'buy', reflecting my belief that it would generate returns that would outperform the broader market for the foreseeable future. So far, that company has delivered. While the business has generated a loss for investors of 14.5%, that loss is considerably smaller than the 24% hit that investors would have received owning the S&P 500. Author - SEC EDGAR Data Despite the pricey shares, the company was aided by strength on both its top and bottom lines. For instance, during the 2020 fiscal year, revenue came in at $560.1 million. In 2021, sales shot up to $719.2 million. This 28.4% increase was driven largely by a 34% rise associated with sales of the Rao's brand. Although companies have been raising prices and such price increases could cause sales to rise in a way that looks rather deceptive, management asserted that the majority of the increase under this brand was because of higher sauce and frozen shipments to key customers. The company ended its 2021 fiscal year with household penetration for its sauce business of 10.9%. That was up 2.6% compared to the 2020 fiscal year. And exiting the final quarter of 2021, Rao's had become the number two pasta and pizza sauce brand as measured by dollar consumption in the markets in which the company operates. The firm also benefited from increased revenue associated with its spoonable yogurt and it also saw a $47.3 million increase in sales associated with the purchase of the Birch Benders brand that was acquired in October of 2020. Bottom line results for the company have been slightly mixed. For instance, net income fell from $10.8 million to $1.9 million. But if we make certain adjustments, then profits would have risen from $44.1 million to $54.3 million. Operating cash flow for the company also fell, dropping from $62.9 million to $46.9 million. But if we adjust for changes in working capital, it would have risen from $54 million to $77.3 million. Over that same window of time, we also saw EBITDA for the company expand, climbing from $91.1 million to $115.1 million. Author - SEC EDGAR Data As was the case with the 2021 fiscal year, the 2022 fiscal year seems to be somewhat mixed but generally favorable. Revenue in the first half of the 2022 fiscal year totaled $407.4 million. That's 16% higher than the $351.2 million generated the same time one year earlier. This increase in revenue was driven primarily by higher volumes and, to a lesser extent, by product pricing and improved product mix. Once again, the Rao's brand was a key driver of growth, with revenue surging by 29.6% year-over-year thanks to higher sauce sales. Other brands also improved for the most part. From a profitability perspective, the picture is more complicated. Net income fell from $10.4 million in the first half of the 2021 fiscal year to negative $26.2 million the same time this year. This was driven in part by the company's gross profit margin declining from 31.7% to 26.7% as a result of higher raw material, packaging, labor, logistics, and energy costs. The company was also somewhat affected by higher slotting fees aimed at supporting its launch of noosa frozen Gelato. Although this change in gross profit margin may not seem material, such a change spread across the revenue the company generated in the first half of the 2022 fiscal year would have impacted bottom line results by $20.4 million. Other profitability metrics have been rather volatile as well. For instance, operating cash flow rose from $12.6 million to $16.3 million. But if we adjust for changes in working capital, it would have risen more modestly from $46.4 million to $48.1 million. Meanwhile, EBITDA for the company worsened, dropping from $62.9 million to $53.3 million. When it comes to the 2022 fiscal year as a whole, management now anticipates revenue coming in near the low end of its guidance. That range was between $825 million and $835 million. Also near the low end of the guidance should be EBITDA, with that range being between $116 million and $122 million. For the purpose of my analysis, I decided just to use the very bottom of that range. No guidance was given when it came to other profitability metrics. However, if we assume that adjusted operating cash flow will increase this year at the same rate that EBITDA should, then we should anticipate a reading of $77.9 million. It's also worth noting that valuing the company is complicated by the fact that management just issued 9.775 million additional shares in exchange for gross proceeds of $136.85 million. In my analysis, I factored in these changes.
Seeking Alpha • Aug 11

Sovos Brands 8.5M share secondary priced at $14.00

Sovos Brands (NASDAQ:SOVO) has priced an underwritten secondary public offering by certain stockholders of Sovos Brands of 8.5M shares of Sovos Brands’ common stock, par value $0.001/share at a price of $14.00/share. Offering is expected to close on August 15, 2022. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The selling stockholders will receive all of the proceeds from the offering. Underwriters are granted a 30-day option to purchase up to an additional 1,275,000 shares of common stock at the public offering price. Earlier, Sovos Brands falls aftermarket on secondary stock offering.
Seeking Alpha • Aug 03

Sovos Brands Non-GAAP EPS of $0.13 beats by $0.04, revenue of $197.4M beats by $16.44M

Sovos Brands press release (NASDAQ:SOVO): Q2 Non-GAAP EPS of $0.13 beats by $0.04. Revenue of $197.4M (+22.0% Y/Y) beats by $16.44M. Raising full year net sales range to $825-$835 million (vs. $813.54M consensus) and maintaining adjusted EBITDA range, with guidance at the lower end.
Seeking Alpha • May 06

Sovos Brands - Premium Packaged Foods To Fight Inflation

Sovos Brands is a premium packaged foods company that did an IPO in September 2021 and is growing annual revenues at a rapid pace. With rising food prices and inflation hitting consumers' wallets, SOVO offers an inflation-beating investment option with strong growth drivers. Rising fuel costs and supply chain challenges create some unforeseen expenses impacting profit margins in the short term, but the company is taking steps to mitigate those cost increases.
Seeking Alpha • Apr 05

Sovos Brands Will Continue To Execute For Shareholders

Sovos Brands sells four delicious brands: Rao's, noosa, Michael Angelo's, and Birch Benders. The management team has years of expertise in the CPG industry and will "leverage their playbook" to acquire and grow one-of-a-kind brands. Sovos’ sustainable top-line growth, combined with its returns and margins, will enable the business to compound its earnings and book value.
Articolo di analisi • Mar 22

We Think You Can Look Beyond Sovos Brands' (NASDAQ:SOVO) Lackluster Earnings

The market shrugged off the recent earnings report from Sovos Brands, Inc. ( NASDAQ:SOVO ), despite the profit numbers...
Articolo di analisi • Dec 23

Sovos Brands, Inc. (NASDAQ:SOVO) Shares Could Be 37% Below Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of Sovos Brands, Inc. ( NASDAQ:SOVO ) by taking the...
Seeking Alpha • Dec 16

Sovos Brands Stock: An Attractive Prospect For Growth Investors

Sovos Brands has done well to expand at a rapid pace in recent years. Sovos Brands' overall financial picture is encouraging and getting better, though it still has room for improvement. SOVO stock is pricey, but if growth continues, then the company could well be a good play for growth investors.
Seeking Alpha • Oct 01

Sovos Brands: Interesting Consumer Foods Play

Sovos Brands is acquiring emerging brands to combat consumer packaged businesses. The company has made some good acquisitions, notably Rao's. Valuations are a bit demanding, but given the pace of growth, perhaps not too demanding, certainly after a softer public offering.

Ripartizione dei ricavi e delle spese

Come Sovos Brands guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.

Storico di utili e ricavi

NasdaqGS:SOVO Ricavi, spese e utili (USD Millions )
DataRicaviUtiliSpese G+ASpese di R&S
30 Dec 231,020301840
30 Sep 23990-141280
01 Jul 23941-141230
01 Apr 23921-501160
31 Dec 22878-531060
24 Sep 22806-291520
25 Jun 22775-351400
26 Mar 22740-61290
25 Dec 2171921350
25 Sep 2169251140
26 Jun 21650121170
27 Mar 21619181160
26 Dec 20560111250
28 Dec 19388-27890

Guadagni di qualità: SOVO ha un grande una tantum perdita di $17.2M che ha avuto un impatto sui suoi ultimi 12 mesi di risultati finanziari pari a 30th December, 2023.

Margine di profitto in crescita: SOVO è diventata redditizia in passato.

Flusso di cassa libero e analisi degli utili

Analisi della crescita degli utili nel passato

Andamento degli utili: SOVO è diventata redditizia negli ultimi 5 anni, aumentando i guadagni del -18.9% all'anno.

Accelerare la crescita: SOVO è diventata redditizia nell'ultimo anno, rendendo difficile confrontare il tasso di crescita degli utili con la media quinquennale.

Guadagni vs Settore: SOVO è diventata redditizia nell'ultimo anno, rendendo difficile confrontare la crescita dei suoi utili dell'anno passato con il settore Food ( -11.8% ).

Rendimento del capitale proprio

ROE elevato: Il Return on Equity ( 5.7% ) di SOVO è considerato basso.

Rendimento delle attività

Rendimento del capitale investito

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2024/03/11 22:47
Prezzo dell'azione a fine giornata2024/03/11 00:00
Utili2023/12/30
Utili annuali2023/12/30

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina GitHub; abbiamo anche delle guide su come utilizzare i nostri report e dei tutorial su YouTube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Sovos Brands, Inc. è coperta da 12 analisti. 7 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Andrew LazarBarclays
Peter GalboBofA Global Research
Jason EnglishGoldman Sachs