US Foods Holding
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US Foods Holding Corp., through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The last earnings update was 49 days ago. More info.
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USFD Share Price and Events
7 Day Returns
1 Year Returns
USFD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| US Foods Holding (USFD) | -2.9% | -5% | 2.3% | -8% | 45.4% | - |
| US Consumer Retailing | 0.9% | 5.9% | 7.9% | 15.7% | 28.6% | 37.8% |
| US Market | 2% | 4.1% | 4.2% | 4.3% | 43.9% | 40.8% |
1 Year Return vs Industry and Market
- USFD underperformed the Consumer Retailing industry which returned 15.7% over the past year.
- USFD underperformed the Market in United States of America which returned 4.3% over the past year.
Value
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
US Foods Holding
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for US Foods Holding.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Retailing Unlevered Beta | Simply Wall St/ S&P Global | 0.47 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.466 (1 + (1- 21%) (47.65%)) |
0.76 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:USFD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for US Foods Holding 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 609.33 | Analyst x3 | 566.83 |
| 2020 | 657.92 | Analyst x5 | 569.34 |
| 2021 | 682.00 | Analyst x1 | 549.01 |
| 2022 | 704.76 | Est @ 3.34% | 527.76 |
| 2023 | 726.99 | Est @ 3.15% | 506.44 |
| 2024 | 749.00 | Est @ 3.03% | 485.37 |
| 2025 | 771.00 | Est @ 2.94% | 464.79 |
| 2026 | 793.17 | Est @ 2.88% | 444.80 |
| 2027 | 815.64 | Est @ 2.83% | 425.49 |
| 2028 | 838.49 | Est @ 2.8% | 406.90 |
| Present value of next 10 years cash flows | $4,946.74 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $838.49 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$18,065.77 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $18,065.77 ÷ (1 + 7.5%)10 |
$8,767.03 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $4,946.74 + $8,767.03 |
$13,713.77 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $13,713.77 / 218.50 |
$62.76 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $62.76 |
| Current discount | Discount to share price of
$35.22
= -1 x ($35.22 - $62.76) / $62.76 |
43.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- US Foods Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
- US Foods Holding'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 US Foods Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
US Foods Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-30) in USD | $1.90 |
| NYSE:USFD Share Price ** | NYSE (2019-06-24) in USD | $35.22 |
| United States of America Consumer Retailing Industry PE Ratio | Median Figure of 23 Publicly-Listed Consumer Retailing Companies | 20.68x |
| United States of America Market PE Ratio | Median Figure of 3,095 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of US Foods Holding.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:USFD Share Price ÷ EPS (both in USD) = 35.22 ÷ 1.90 |
18.56x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- US Foods Holding is good value based on earnings compared to the US Consumer Retailing industry average.
- US Foods Holding is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
US Foods Holding's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.56x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
9%per year |
| United States of America Consumer Retailing Industry PEG Ratio | Median Figure of 14 Publicly-Listed Consumer Retailing Companies | 2.69x |
| United States of America Market PEG Ratio | Median Figure of 2,134 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 18.56x ÷ 9% |
2.07x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- US Foods Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
US Foods Holding's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-30) in USD | $15.18 |
| NYSE:USFD Share Price * | NYSE (2019-06-24) in USD | $35.22 |
| United States of America Consumer Retailing Industry PB Ratio | Median Figure of 31 Publicly-Listed Consumer Retailing Companies | 2.29x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:USFD Share Price ÷ Book Value per Share (both in USD) = 35.22 ÷ 15.18 |
2.32x |
* Primary Listing of US Foods Holding.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- US Foods Holding is overvalued based on assets compared to the US Consumer Retailing industry average.
Value checks
We assess US Foods Holding's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check) US Foods Holding 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
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!
Earnings growth vs Low Risk Savings
- US Foods Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- US Foods Holding's earnings growth is positive but not above the United States of America market average.
- US Foods Holding's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:USFD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 9% |
| NYSE:USFD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | 4% |
| United States of America Consumer Retailing Industry Earnings Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Consumer Retailing Industry Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 29,486 | 1,096 | 614 | 1 |
| 2022-12-31 | 28,029 | 1,024 | 594 | 2 |
| 2021-12-31 | 28,086 | 1,008 | 552 | 4 |
| 2020-12-31 | 26,490 | 881 | 508 | 11 |
| 2019-12-31 | 25,334 | 820 | 447 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-30 | 24,383 | 571 | 411 |
| 2018-12-29 | 24,175 | 609 | 407 |
| 2018-09-29 | 24,130 | 687 | 563 |
| 2018-06-30 | 24,181 | 692 | 544 |
| 2018-03-31 | 24,182 | 819 | 484 |
| 2017-12-30 | 24,147 | 749 | 444 |
| 2017-09-30 | 23,829 | 622 | 265 |
| 2017-07-01 | 23,466 | 623 | 302 |
| 2017-04-01 | 23,114 | 540 | 223 |
| 2016-12-31 | 22,919 | 549 | 210 |
| 2016-10-01 | 23,176 | 410 | 123 |
| 2016-07-02 | 23,131 | 592 | -5 |
| 2016-04-02 | 23,167 | 592 | 174 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from US Foods Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2.98 | 2.98 | 2.98 | 1.00 |
| 2022-12-31 | 2.79 | 2.91 | 2.67 | 2.00 |
| 2021-12-31 | 2.59 | 2.71 | 2.39 | 4.00 |
| 2020-12-31 | 2.34 | 2.50 | 2.06 | 11.00 |
| 2019-12-31 | 2.07 | 2.21 | 1.87 | 11.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-30 | 1.90 |
| 2018-12-29 | 1.88 |
| 2018-09-29 | 2.59 |
| 2018-06-30 | 2.48 |
| 2018-03-31 | 2.19 |
| 2017-12-30 | 2.00 |
| 2017-09-30 | 1.19 |
| 2017-07-01 | 1.36 |
| 2017-04-01 | 1.05 |
| 2016-12-31 | 1.05 |
| 2016-10-01 | 0.66 |
| 2016-07-02 | -0.03 |
| 2016-04-02 | 1.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess US Foods Holding's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
US Foods Holding has a total score of 1/6, 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 US Foods Holding 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
Past Earnings growth analysis
- US Foods Holding has delivered over 20% year on year earnings growth in the past 5 years.
- US Foods Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- US Foods Holding's 1-year earnings growth is negative, it can't be compared to the US Consumer Retailing industry average.
Earnings and Revenue History
All data from US Foods Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-30 | 24,383.00 | 411.00 | 3,656.00 | |
| 2018-12-29 | 24,175.00 | 407.00 | 3,634.00 | |
| 2018-09-29 | 24,130.00 | 562.99 | 3,601.68 | |
| 2018-06-30 | 24,181.41 | 544.26 | 3,583.84 | |
| 2018-03-31 | 24,181.58 | 484.18 | 3,601.41 | |
| 2017-12-30 | 24,147.00 | 444.00 | 3,631.00 | |
| 2017-09-30 | 23,829.21 | 264.69 | 3,655.15 | |
| 2017-07-01 | 23,465.98 | 302.15 | 3,642.47 | |
| 2017-04-01 | 23,114.08 | 223.30 | 3,645.26 | |
| 2016-12-31 | 22,919.00 | 210.00 | 3,586.00 | |
| 2016-10-01 | 23,176.15 | 122.99 | 3,548.45 | |
| 2016-07-02 | 23,131.25 | -4.64 | 3,614.38 | |
| 2016-04-02 | 23,167.04 | 173.71 | 3,563.57 | |
| 2016-01-02 | 23,127.53 | 167.52 | 3,670.70 | |
| 2015-09-26 | 22,945.98 | 225.31 | 3,563.97 | |
| 2014-12-27 | 23,019.80 | -72.91 | 3,513.45 | |
| 2013-12-28 | 22,297.18 | -57.21 | 3,494.25 | |
| 2012-12-29 | 21,664.92 | -51.17 | 3,274.64 |
*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.
- US Foods Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- US Foods Holding used its assets more efficiently than the US Consumer Retailing industry average last year based on Return on Assets.
- US Foods Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess US Foods Holding's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
US Foods Holding has a total score of 3/6, 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 US Foods Holding'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 US Foods Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
- US Foods Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- US Foods Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x 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.
All data from US Foods Holding Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-30 | 3,310.00 | 3,163.00 | 99.00 |
| 2018-12-29 | 3,229.00 | 3,614.00 | 112.00 |
| 2018-09-29 | 3,146.73 | 3,510.64 | 96.92 |
| 2018-06-30 | 3,019.97 | 3,599.31 | 107.68 |
| 2018-03-31 | 2,845.89 | 3,630.49 | 89.98 |
| 2017-12-30 | 2,751.00 | 3,911.00 | 120.00 |
| 2017-09-30 | 2,745.18 | 3,705.47 | 147.36 |
| 2017-07-01 | 2,633.46 | 3,727.30 | 149.97 |
| 2017-04-01 | 2,574.38 | 3,854.50 | 151.82 |
| 2016-12-31 | 2,537.65 | 3,781.71 | 131.09 |
| 2016-10-01 | 2,493.38 | 3,831.35 | 149.98 |
| 2016-07-02 | 2,347.86 | 3,871.27 | 115.41 |
| 2016-04-02 | 1,222.10 | 5,030.00 | 142.11 |
| 2016-01-02 | 1,873.18 | 4,744.79 | 517.80 |
| 2015-09-26 | 1,904.30 | 4,736.95 | 698.51 |
| 2014-12-27 | 1,622.03 | 4,713.57 | 343.66 |
| 2013-12-28 | 1,843.76 | 4,770.47 | 179.74 |
| 2012-12-29 |
- US Foods Holding's level of debt (106.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (266.1% vs 106.8% today).
- Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
Financial health checks
We assess US Foods Holding's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) US Foods Holding has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 US Foods Holding'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
If you bought
$2,000 of
US Foods Holding
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate US Foods Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate US Foods Holding'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.
| 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 11 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Retailing Industry Average Dividend Yield | Market Cap Weighted Average of 12 Stocks | 1.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2012 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.00 | 2.00 |
| 2020-12-31 | 0.00 | 3.00 |
| 2019-12-31 | 0.00 | 3.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as US Foods Holding has not reported any payouts.
- Unable to verify if US Foods Holding's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess US Foods Holding's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can US Foods Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) US Foods Holding 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
CEO
| COMPENSATION | $8,607,146 |
| AGE | 56 |
| TENURE AS CEO | 3.9 years |
CEO Bio
Mr. Pietro Satriano served as President at US Foods Holding Corp. Mr. Satriano has been an Independent Director at CarMax, Inc. since October 01, 2018. He has been the Chief Executive Officer and President at US Foods Holding Corp. since July 2015. Mr. Satriano has been the Chief Executive Officer of US Foods, Inc. since July 13, 2015 and has been its Chairman since December 5, 2017. Mr. Satriano served as the Chief Merchandising Officer of US Foods, Inc. since February 2011 and also served as its President since July 13, 2015 until December 5, 2017. He served as President of LoyaltyOne Canada at LoyaltyOne, Inc. from 2009 to 2011. He was responsible for all client services and new business development and leads teams that serve LoyaltyOne's array of high-profile Canadian clients as well as exploring sponsorship opportunities and other strategic partnerships for the AIR MILES Reward Program, North America's premier coalition loyalty program. Mr. Satriano rejoined LoyaltyOne in 2009. He served as an Executive Vice President of Food at Loblaw Companies Limited until April 2008, where he headed up the national food procurement and merchandising group. He also served as the Head of Control Label Development at Loblaw Companies - segment of George Weston Limited until April 2008. Previously, he led one of the world's most extensive and successful private label programs and one of the largest brands in Canada. Mr. Satriano has a broad range of leadership experience in consumer marketing and loyalty strategy. He served at Loblaw Brands as President's Choice. He served at LoyaltyOne from 1995 to 2002. He has been Chairman of the Board at US Foods Holding Corp. since December 4, 2017. Mr. Satriano has been a Director of US Foods Holding Corp. since July 2015. Mr. Satriano has been a Director of US Foods, Inc. since July 2015. He managed rewards development and direct sales and played a key role at Loyalty Management Group. He served positions in retail grocery management and with strategy consulting firms in Canada and Europe. He began his career in strategy consulting, first with The Boston Consulting Group in Toronto and then with the Monitor Company in Milan, Italy. Mr. Satriano holds Master of Business Administration from Harvard University.
CEO Compensation
- Pietro's compensation has been consistent with company performance over the past year, both up more than 20%.
- Pietro's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the US Foods Holding management team in years:
- The tenure for the US Foods Holding management team is about average.
Management Team
Pietro Satriano
Chairman & CEO
$9M
56
3.9 yrs
Dirk Locascio
Chief Financial Officer
$2M
45
2.3 yrs
Keith Rohland
Chief Information Officer
$2M
50
8.2 yrs
Steve Guberman
Executive Vice President of Nationally Managed Business
$2M
53
3.9 yrs
Jay Kvasnicka
Executive Vice President of Locally Managed Sales & Field Operations
$2M
50
3.8 yrs
Melissa Napier
Senior VP of Investor Relations & Treasurer
3.3 yrs
Kristin Coleman
Executive VP
$3M
50
2.3 yrs
Sara Matheu
Director of Media Relations
David Works
Executive VP & Chief Human Resources Officer
50
1.3 yrs
Dave Rickard
Executive Vice President of Strategy
47
3.6 yrs
Board of Directors Tenure
Average tenure and age of the US Foods Holding board of directors in years:
- The average tenure for the US Foods Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors
David Tehle
Director
$225K
61
2.9 yrs
Pietro Satriano
Chairman & CEO
$9M
56
1.5 yrs
Court Carruthers
Director
$220K
46
2.9 yrs
Bob Dutkowsky
Lead Independent Director
$245K
63
John Lederer
Director
$200K
62
8.8 yrs
Andy Pforzheimer
Director
$200K
56
2.4 yrs
Ann Ziegler
Director
$200K
60
1.4 yrs
Sunil Gupta
Director
$183K
59
1.3 yrs
Cheryl Bachelder
Director
$25K
62
0.7 yrs
Who owns this company?
Recent Insider Trading
- US Foods Holding individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Jun 19 | Sell | Steven Guberman | Individual | 06. Jun 19 | 06. Jun 19 | -4,434 | $36.42 | $-161,486 | ||
| 15. Mar 19 | Sell | Keith Rohland | Individual | 14. Mar 19 | 14. Mar 19 | -4,951 | $34.82 | $-172,394 | ||
| 14. Feb 19 | Sell | Steven Guberman | Individual | 13. Feb 19 | 13. Feb 19 | -10,834 | $35.49 | $-384,464 | ||
| 13. Nov 18 | Buy | Cheryl Bachelder | Individual | 12. Nov 18 | 12. Nov 18 | 3,200 | $31.30 | $100,160 | ||
Management checks
We assess US Foods Holding's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) US Foods Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Is There An Opportunity With US Foods Holding Corp.'s (NYSE:USFD) 44% Undervaluation?
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $609.33 $657.92 $682.00 $704.76 $726.99 $749.00 $771.00 $793.17 $815.64 $838.49 Growth Rate Estimate Source Analyst x3 Analyst x5 Analyst x1 Est @ 3.34% Est @ 3.15% Est @ 3.03% Est @ 2.94% Est @ 2.88% Est @ 2.83% Est @ 2.8% Present Value ($, Millions) Discounted @ 7.5% $566.83 $569.34 $549.01 $527.76 $506.44 $485.37 $464.79 $444.80 $425.49 $406.90 Present Value of 10-year Cash Flow (PVCF)= $4.95b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$838m × (1 + 2.7%) ÷ (7.5% – 2.7%) = US$18b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$18b ÷ ( 1 + 7.5%)10 = $8.77b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $13.71b. … NYSE:USFD Intrinsic value, June 24th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleIf You Had Bought US Foods Holding (NYSE:USFD) Stock Three Years Ago, You Could Pocket A 45% Gain Today
(NYSE:USFD) share price is up 45% in the last three years, clearly besting than the market return of around 35% (not including dividends). … Check out our latest analysis for US Foods Holding To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … US Foods Holding was able to grow its EPS at 23% per year over three years, sending the share price higher.
Simply Wall St - – Full articleUS Foods Holding Corp. (NYSE:USFD): Will The Growth Last?
Overall, it seems that analyst expectations are fairly bearish, with earnings expected to grow by 12% in the upcoming year against the higher past 5-year average growth rate of 44%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … NYSE:USFD Past and Future Earnings, May 28th 2019 From the current net income level of US$407m and the final forecast of US$557m by 2022, the annual rate of growth for USFD’s earnings is 9.0%.
Simply Wall St - – Full articleDid US Foods Holding Corp. (NYSE:USFD) Insiders Sell Shares?
So we'll take a look at whether insiders have been buying or selling shares in US Foods Holding Corp. … Over the last year we saw more insider selling of US Foods Holding shares, than buying. … Insiders at US Foods Holding Have Sold Stock Recently Over the last three months, we've seen significant insider selling at US Foods Holding.
Simply Wall St - – Full articleUS Foods Holding Corp. (NYSE:USFD) Has A ROE Of 13%
This article is for those who would like to learn about Return On Equity (ROE). … Our data shows US Foods Holding has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs US Foods Holding Corp.'s (NYSE:USFD) P/E Ratio Really That Good?
We'll look at US Foods Holding Corp.'s (NYSE:USFD) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhy US Foods Holding Corp.’s (NYSE:USFD) Cash Is A Factor You Need To Consider
Today we will examine US Foods Holding’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … US Foods Holding’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of US Foods Holding’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability
Simply Wall St - – Full articleWhat Should We Expect From US Foods Holding Corp.'s (NYSE:USFD) Earnings Over The Next Few Years?
US Foods Holding Corp.'s (NYSE:USFD) latest earnings update in December 2018a … revealed
Simply Wall St - – Full articleWhat does US Foods Holding Corp.'s (NYSE:USFD) Balance Sheet Tell Us About Its Future?
Mid-caps stocks, like US Foods Holding Corp. … Don’t forget that this is a general and concentrated examination of US Foods Holding’s financial health, so you should conduct further analysis. … See our latest analysis for US Foods Holding
Simply Wall St - – Full articleWhat Do Analysts Think About US Foods Holding Corp.'s (NYSE:USFD) Growth?
Help shape the future of investing tools and you could win a $250 gift card! … (NYSE:USFD) announced its earnings update. … with earnings expected to grow by 8.4% in the upcoming year
Simply Wall St - – Full articleCompany Info
Description
US Foods Holding Corp., through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The company was formerly known as USF Holding Corp. and changed its name to US Foods Holding Corp. in February 2016. US Foods Holding Corp. was incorporated in 2007 and is headquartered in Rosemont, Illinois.
Details
| Name: | US Foods Holding Corp. |
| USFD | |
| Exchange: | NYSE |
| Founded: | 2007 |
| $7,695,422,991 | |
| 218,495,826 | |
| Website: | http://www.usfoods.com |
| Address: |
US Foods Holding Corp. 9399 West Higgins Road, Suite 100, Rosemont, Illinois, 60018, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | USFD | Common Shares | New York Stock Exchange | US | USD | 26. May 2016 | |
| DB | UFH | Common Shares | Deutsche Boerse AG | DE | EUR | 26. May 2016 | |
| BMV | USFD * | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 26. May 2016 |
Number of employees
Current staff
Industry
| Food Distributors | |
| Consumer Retailing |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/25 00:45 |
| End of day share price update: | 2019/06/24 00:00 |
| Last estimates confirmation: | 2019/06/07 |
| Last earnings filing: | 2019/05/07 |
| Last earnings reported: | 2019/03/30 |
| Last annual earnings reported: | 2018/12/29 |
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.
