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TreeHouse Foods

DB:T4H
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T4H
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

TreeHouse Foods, Inc. operates as a food and beverage manufacturer in the United States, Canada, and Italy. The last earnings update was 81 days ago. More info.


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T4H Share Price and Events
7 Day Returns
2.8%
DB:T4H
-4.9%
DE Food
-0.7%
DE Market
1 Year Returns
15.4%
DB:T4H
-1.6%
DE Food
-7.6%
DE Market
T4H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TreeHouse Foods (T4H) 2.8% 4.1% -9.7% 15.4% -45.7% -10.3%
DE Food -4.9% -3.4% 5.3% -1.6% -17.2% 15%
DE Market -0.7% -0.8% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • T4H outperformed the Food industry which returned -1.6% over the past year.
  • T4H outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
T4H
Industry
5yr Volatility vs Market

Value

 Is TreeHouse Foods undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TreeHouse Foods to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TreeHouse Foods.

DB:T4H Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:T4H
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (80.12%))
0.948
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.948 * 5.96%)
5.88%

Discounted Cash Flow Calculation for DB:T4H using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TreeHouse Foods is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:T4H DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.88%)
2020 54.10 Analyst x1 51.10
2021 403.10 Analyst x1 359.59
2022 450.47 Est @ 11.75% 379.55
2023 487.84 Est @ 8.29% 388.22
2024 516.50 Est @ 5.87% 388.21
2025 538.09 Est @ 4.18% 381.99
2026 554.20 Est @ 2.99% 371.59
2027 566.20 Est @ 2.16% 358.57
2028 575.17 Est @ 1.58% 344.03
2029 581.94 Est @ 1.18% 328.76
Present value of next 10 years cash flows $3,351.61
DB:T4H DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $581.94 × (1 + 0.23%) ÷ (5.88% – 0.23%)
$10,325.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,325.84 ÷ (1 + 5.88%)10
$5,833.45
DB:T4H Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,351.61 + $5,833.45
$9,185.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9,185.06 / 56.14
$163.61
DB:T4H Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T4H represents 0.89272x of NYSE:THS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89272x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 163.61 x 0.89272
€146.06
Value per share (EUR) From above. €146.06
Current discount Discount to share price of €50.76
= -1 x (€50.76 - €146.06) / €146.06
65.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TreeHouse Foods is available for.
Intrinsic value
>50%
Share price is €50.76 vs Future cash flow value of €146.06
Current Discount Checks
For TreeHouse Foods to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TreeHouse Foods's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TreeHouse Foods's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TreeHouse Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TreeHouse Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T4H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.98
NYSE:THS Share Price ** NYSE (2019-07-22) in USD $56.86
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TreeHouse Foods.

DB:T4H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:THS Share Price ÷ EPS (both in USD)

= 56.86 ÷ -0.98

-58.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TreeHouse Foods is loss making, we can't compare its value to the DE Food industry average.
  • TreeHouse Foods is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does TreeHouse Foods's expected growth come at a high price?
Raw Data
DB:T4H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -58.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
150.6%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.68x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TreeHouse Foods, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TreeHouse Foods's assets?
Raw Data
DB:T4H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $37.78
NYSE:THS Share Price * NYSE (2019-07-22) in USD $56.86
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.06x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:T4H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:THS Share Price ÷ Book Value per Share (both in USD)

= 56.86 ÷ 37.78

1.51x

* Primary Listing of TreeHouse Foods.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TreeHouse Foods is good value based on assets compared to the DE Food industry average.
X
Value checks
We assess TreeHouse Foods's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. TreeHouse Foods has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TreeHouse Foods expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
150.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TreeHouse Foods expected to grow at an attractive rate?
  • TreeHouse Foods's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • TreeHouse Foods's earnings growth is expected to exceed the Germany market average.
  • TreeHouse Foods's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:T4H Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:T4H Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 150.6%
DB:T4H Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -0.4%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 36%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:T4H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T4H Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,451 564 2
2020-12-31 5,435 214 176 8
2019-12-31 5,439 79 32 8
DB:T4H Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,632 410 -55
2018-12-31 5,812 506 -61
2018-09-30 6,031 513 -358
2018-06-30 6,186 410 -334
2018-03-31 6,252 485 -349
2017-12-31 6,307 506 -286
2017-09-30 6,384 444 -259
2017-06-30 6,422 566 -250
2017-03-31 6,441 446 -197
2016-12-31 6,175 479 -229
2016-09-30 5,264 420 90
2016-06-30 4,476 382 81

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TreeHouse Foods's earnings are expected to grow significantly at over 20% yearly.
  • TreeHouse Foods's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:T4H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from TreeHouse Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T4H Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 3.12 3.12 3.12 1.00
2019-12-31 0.57 0.57 0.57 1.00
DB:T4H Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.98
2018-12-31 -1.10
2018-09-30 -6.32
2018-06-30 -5.88
2018-03-31 -6.11
2017-12-31 -5.01
2017-09-30 -4.55
2017-06-30 -4.40
2017-03-31 -3.47
2016-12-31 -4.10
2016-09-30 1.73
2016-06-30 1.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TreeHouse Foods is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TreeHouse Foods's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TreeHouse Foods has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TreeHouse Foods performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TreeHouse Foods's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TreeHouse Foods does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare TreeHouse Foods's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare TreeHouse Foods's 1-year growth to the DE Food industry average as it is not currently profitable.
Earnings and Revenue History
TreeHouse Foods's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TreeHouse Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T4H Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,632.00 -54.60 595.50
2018-12-31 5,812.10 -61.40 628.40
2018-09-30 6,030.90 -357.80 654.40
2018-06-30 6,185.70 -334.40 668.10
2018-03-31 6,252.10 -348.50 680.80
2017-12-31 6,307.10 -286.20 684.70
2017-09-30 6,383.80 -259.00 710.00
2017-06-30 6,421.90 -250.40 720.80
2017-03-31 6,441.10 -197.20 726.70
2016-12-31 6,175.10 -228.60 694.60
2016-09-30 5,263.91 90.46 577.69
2016-06-30 4,475.65 81.50 486.45
2016-03-31 3,693.46 93.86 389.25
2015-12-31 3,206.40 114.90 331.70
2015-09-30 3,244.50 111.57 333.32
2015-06-30 3,241.59 103.01 341.42
2015-03-31 3,110.34 93.41 333.62
2014-12-31 2,946.10 89.88 315.10
2014-09-30 2,702.91 78.75 294.48
2014-06-30 2,474.33 81.53 272.58
2014-03-31 2,372.72 78.34 260.27
2013-12-31 2,293.93 86.99 256.06
2013-09-30 2,226.39 89.43 246.85
2013-06-30 2,197.35 88.32 242.67
2013-03-31 2,198.42 89.26 238.73
2012-12-31 2,182.13 88.36 239.75
2012-09-30 2,125.15 93.00 228.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if TreeHouse Foods has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • TreeHouse Foods used its assets less efficiently than the DE Food industry average last year based on Return on Assets.
  • It is difficult to establish if TreeHouse Foods improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TreeHouse Foods's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TreeHouse Foods has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TreeHouse Foods's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TreeHouse Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TreeHouse Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TreeHouse Foods's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of TreeHouse Foods's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TreeHouse Foods Company Filings, last reported 3 months ago.

DB:T4H Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,123.20 2,319.70 79.00
2018-12-31 2,141.90 2,298.60 164.30
2018-09-30 2,189.70 2,343.50 85.80
2018-06-30 2,185.50 2,401.00 127.90
2018-03-31 2,219.80 2,543.30 156.30
2017-12-31 2,263.30 2,545.80 144.70
2017-09-30 2,597.30 2,692.50 154.70
2017-06-30 2,542.90 2,639.30 196.20
2017-03-31 2,548.60 2,756.70 89.90
2016-12-31 2,503.30 2,791.20 82.90
2016-09-30 2,787.25 2,907.86 58.19
2016-06-30 2,748.78 2,909.43 61.23
2016-03-31 2,719.34 2,983.92 70.32
2015-12-31 1,854.86 1,236.63 43.31
2015-09-30 1,818.87 1,323.82 30.92
2015-06-30 1,804.76 1,345.77 53.57
2015-03-31 1,765.22 1,399.06 63.36
2014-12-31 1,759.26 1,450.74 61.13
2014-09-30 1,718.70 1,562.81 31.30
2014-06-30 1,336.45 1,020.52 26.40
2014-03-31 1,291.98 902.01 24.40
2013-12-31 1,273.12 940.50 55.16
2013-09-30 1,245.85 910.04 116.33
2013-06-30 1,207.64 814.89 35.90
2013-03-31 1,198.93 864.09 99.46
2012-12-31 1,179.26 900.04 94.41
2012-09-30 1,157.70 955.49 83.80
  • TreeHouse Foods's level of debt (109.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (69.9% vs 109.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making TreeHouse Foods has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making TreeHouse Foods has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -2.2% per year.
X
Financial health checks
We assess TreeHouse Foods's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TreeHouse Foods has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TreeHouse Foods's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TreeHouse Foods dividends. Estimated to be 0% next year.
If you bought €2,000 of TreeHouse Foods shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TreeHouse Foods's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TreeHouse Foods's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:T4H Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:T4H Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 4.00
2019-12-31 0.00 4.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TreeHouse Foods has not reported any payouts.
  • Unable to verify if TreeHouse Foods's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TreeHouse Foods's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TreeHouse Foods has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of TreeHouse Foods's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess TreeHouse Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TreeHouse Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TreeHouse Foods has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TreeHouse Foods's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Oakland
COMPENSATION $10,850,069
AGE 58
TENURE AS CEO 1.3 years
CEO Bio

Mr. Steven T. Oakland, also known as Steve, has been the President and Chief Executive Officer of TreeHouse Foods, Inc. since March 26, 2018 and has been its Director since March 02, 2018. Mr. Oakland served as Vice Chair and President of U.S. Food & Beverage at The J. M. Smucker Company since May 1, 2016 until March 9, 2018, where he led the $5 billion U.S. Food and Beverage businesses across all channels, including U.S. Retail Coffee, U.S. Retail Consumer Foods, Natural Foods, U.S. Retail Sales, and Marketing Services. Mr. Oakland served as the President of Coffee and Food Service at The J. M. Smucker Company since April 1, 2015 until May 2016. He served as the President of International, Foodservice and Natural Foods at The J. M. Smucker Company since May 2011 until March 31, 2015. Mr. Oakland served as the President of U S Retail, Smuckers' Jif and Hungry Jack at The J. M. Smucker Company since August 2008. He served as the President of Consumer Business at The J. M. Smucker Company since August 2008. He served as Vice President and General Manager of Consumer Oils & Baking Division at The J. M. Smucker Co. from November 2001 to August 2008. He served as Vice President and General Manager of Foodservice Market at The J.M. Smucker Co. since February 1999. Prior to that, he served as General Manager of J.M. Smucker (Canada) Inc. since July 1995. Mr. Oakland has a distinguished track record with The J.M. Smucker Company. He serves on the Boards of Directors of Foster Farms, and MTD Products Corporation. He has been an Independent Director of Foot Locker, Inc. since February 19, 2014. Mr. Oakland earned his B.A in Marketing and Economics from Mount Union College.

CEO Compensation
  • Insufficient data for Steve to compare compensation growth.
  • Steve's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the TreeHouse Foods management team in years:

1.3
Average Tenure
54.5
Average Age
  • The average tenure for the TreeHouse Foods management team is less than 2 years, this suggests a new team.
Management Team

Steve Oakland

TITLE
President
COMPENSATION
$11M
AGE
58
TENURE
1.3 yrs

Matthew Foulston

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
54
TENURE
2.6 yrs

Thomas O'Neill

TITLE
Executive VP
COMPENSATION
$3M
AGE
63
TENURE
14.5 yrs

Lori Roberts

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$2M
AGE
58
TENURE
5.2 yrs

David Vermylen

TITLE
Senior Advisor & Director
COMPENSATION
$557K
AGE
68

Moe Alkemade

TITLE
Senior VP & Division President of Beverages
COMPENSATION
$2M
AGE
51
TENURE
2.3 yrs

Shay Braun

TITLE
Senior VP & COO
AGE
51
TENURE
0.5 yrs

John Waldron

TITLE
VP, Controller & Principal Accounting Officer
AGE
55
TENURE
1.2 yrs

Mark Fleming

TITLE
Senior VP & Division President of Baked Goods
AGE
48
TENURE
0.8 yrs

Chris Wilkins

TITLE
Senior VP & Division President of Snacks
AGE
47
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the TreeHouse Foods board of directors in years:

1.4
Average Tenure
61.5
Average Age
  • The average tenure for the TreeHouse Foods board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gary Smith

TITLE
Chairman of the Board
COMPENSATION
$432K
AGE
77
TENURE
1 yrs

Steve Oakland

TITLE
President
COMPENSATION
$11M
AGE
58
TENURE
1.3 yrs

David Vermylen

TITLE
Senior Advisor & Director
COMPENSATION
$557K
AGE
68
TENURE
9.9 yrs

Frank O'Connell

TITLE
Director
COMPENSATION
$290K
AGE
75
TENURE
14.1 yrs

Ann Sardini

TITLE
Director
COMPENSATION
$297K
AGE
69
TENURE
11.2 yrs

Linda Massman

TITLE
Director
COMPENSATION
$275K
AGE
52
TENURE
3 yrs

Dennis O'Brien

TITLE
Lead Independent Director
COMPENSATION
$307K
AGE
61

Matt Rubel

TITLE
Director
COMPENSATION
$297K
AGE
61
TENURE
1.4 yrs

Jean Spence

TITLE
Director
COMPENSATION
$172K
AGE
62
TENURE
0.8 yrs

Jason Tyler

TITLE
Director
AGE
46
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • TreeHouse Foods individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Jun 19 Sell Maurice Alkemade Individual 03. Jun 19 03. Jun 19 -2,789 €46.82 €-130,583
17. May 19 Sell Clifford Braun Individual 15. May 19 15. May 19 -2,103 €51.57 €-108,442
15. May 19 Sell Chris Wilkins Individual 14. May 19 14. May 19 -1,888 €51.97 €-98,121
09. May 19 Sell Thomas O'Neill Individual 09. May 19 09. May 19 -10,618 €50.71 €-538,421
07. May 19 Buy Gary Smith Individual 06. May 19 06. May 19 3,000 €50.47 €151,377
26. Feb 19 Sell Clifford Braun Individual 22. Feb 19 22. Feb 19 -3,039 €53.50 €-162,601
09. Nov 18 Sell Thomas O'Neill Individual 07. Nov 18 07. Nov 18 -3,987 €41.84 €-166,803
X
Management checks
We assess TreeHouse Foods's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TreeHouse Foods has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

TreeHouse Foods, Inc. operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts. The Beverages segment offers broths, liquid non-dairy creamers, non-dairy powdered creamers, powdered drinks, single serve hot beverages, specialty teas, and sweeteners. The Condiments segment offers cheese and pudding products; jams, preserves, and jellies; mayonnaise; Mexican, barbeque, and other sauces; pickles and related products; refrigerated and shelf stable dressings and sauces; and table and flavored syrups. The Meals segment offers baking and mix powders; powdered soups and gravies; macaroni and cheese; pasta; ready-to-eat and hot cereals; skillet dinners; and condensed and ready to serve soup and infant feeding products. The Snacks segment offers bars, dried fruits, snack nuts, trail mixes, and other wholesome snacks. The company sells its products through various distribution channels, including grocery retailers and foodservice distributors, as well as food manufacturers and repackagers of foodservice products. TreeHouse Foods, Inc. was founded in 1862 and is based in Oak Brook, Illinois.

Details
Name: TreeHouse Foods, Inc.
T4H
Exchange: DB
Founded: 1862
$2,856,587,090
56,138,851
Website: http://www.treehousefoods.com
Address: TreeHouse Foods, Inc.
2021 Spring Road,
Suite 600,
Oak Brook,
Illinois, 60523,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE THS Common Stock New York Stock Exchange US USD 15. Jun 2005
DB T4H Common Stock Deutsche Boerse AG DE EUR 15. Jun 2005
Number of employees
Current staff
Staff numbers
12,700
TreeHouse Foods employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 21:44
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.