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FRPT

Freshpet NasdaqGM:FRPT Stock Report

Last Price

US$59.67

Market Cap

US$2.9b

7D

13.3%

1Y

-64.9%

Updated

24 Jun, 2022

Data

Company Financials +
FRPT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

FRPT Stock Overview

Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe.

Freshpet Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Freshpet
Historical stock prices
Current Share PriceUS$59.67
52 Week HighUS$171.94
52 Week LowUS$51.34
Beta0.74
1 Month Change-5.03%
3 Month Change-37.72%
1 Year Change-64.91%
3 Year Change31.11%
5 Year Change259.46%
Change since IPO212.25%

Recent News & Updates

May 12

Freshpet Has A Lot Of Potential, But Also Significant Risks

Freshpet's net sales experienced explosive growth during the last decade and the trend is expected to continue. FRPT's price to sales ratio is very high, despite the recent selloff, due to high growth expectations. Gross profit margins are overall good, but cash from operations is negative as inflationary pressures and supply chain issues are significantly impacting operations. Share dilution, debt, and private labels are serious risks that should be considered. Freshpet is a very speculative investment with huge potential but significant risks.

Shareholder Returns

FRPTUS FoodUS Market
7D13.3%4.6%6.6%
1Y-64.9%-2.0%-18.5%

Return vs Industry: FRPT underperformed the US Food industry which returned -3.4% over the past year.

Return vs Market: FRPT underperformed the US Market which returned -20.5% over the past year.

Price Volatility

Is FRPT's price volatile compared to industry and market?
FRPT volatility
FRPT Average Weekly Movement11.1%
Food Industry Average Movement6.9%
Market Average Movement8.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: FRPT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FRPT's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004789Billy Cyrhttps://www.freshpet.com

Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.

Freshpet Fundamentals Summary

How do Freshpet's earnings and revenue compare to its market cap?
FRPT fundamental statistics
Market CapUS$2.85b
Earnings (TTM)-US$36.35m
Revenue (TTM)US$464.25m

6.1x

P/S Ratio

-78.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRPT income statement (TTM)
RevenueUS$464.25m
Cost of RevenueUS$292.86m
Gross ProfitUS$171.38m
Other ExpensesUS$207.74m
Earnings-US$36.35m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.76
Gross Margin36.92%
Net Profit Margin-7.83%
Debt/Equity Ratio6.8%

How did FRPT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FRPT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FRPT?

Other financial metrics that can be useful for relative valuation.

FRPT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.2x
Enterprise Value/EBITDA1218.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does FRPT's PS Ratio compare to its peers?

FRPT PS Ratio vs Peers
The above table shows the PS ratio for FRPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.5x

Price-To-Sales vs Peers: FRPT is expensive based on its Price-To-Sales Ratio (6.1x) compared to the peer average (2.5x).


Price to Earnings Ratio vs Industry

How does FRPT's PE Ratio compare vs other companies in the U.S. Food Industry?

Price-To-Sales vs Industry: FRPT is expensive based on its Price-To-Sales Ratio (6.1x) compared to the US Food industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is FRPT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FRPT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.1x
Fair PS Ratio5.1x

Price-To-Sales vs Fair Ratio: FRPT is expensive based on its Price-To-Sales Ratio (6.1x) compared to the estimated Fair Price-To-Sales Ratio (5.1x).


Share Price vs Fair Value

What is the Fair Price of FRPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FRPT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FRPT's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FRPT's PEG Ratio to determine if it is good value.


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Future Growth

How is Freshpet forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


85.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FRPT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: FRPT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FRPT is expected to become profitable in the next 3 years.

Revenue vs Market: FRPT's revenue (26.9% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: FRPT's revenue (26.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FRPT's Return on Equity is forecast to be low in 3 years time (1.5%).


Discover growth companies

Past Performance

How has Freshpet performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-42.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FRPT is currently unprofitable.

Growing Profit Margin: FRPT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FRPT is unprofitable, and losses have increased over the past 5 years at a rate of 42.9% per year.

Accelerating Growth: Unable to compare FRPT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FRPT is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (13.1%).


Return on Equity

High ROE: FRPT has a negative Return on Equity (-5.13%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Freshpet's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FRPT's short term assets ($143.0M) exceed its short term liabilities ($96.4M).

Long Term Liabilities: FRPT's short term assets ($143.0M) exceed its long term liabilities ($49.0M).


Debt to Equity History and Analysis

Debt Level: FRPT's net debt to equity ratio (2.6%) is considered satisfactory.

Reducing Debt: FRPT's debt to equity ratio has increased from 5.4% to 6.8% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: FRPT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FRPT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 57.4% each year


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Dividend

What is Freshpet current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FRPT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FRPT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FRPT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FRPT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FRPT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average management tenure


CEO

Billy Cyr (58 yo)

5.75yrs

Tenure

US$885,053

Compensation

Mr. William B. Cyr, also known as Billy, has been Chief Executive Officer of Freshpet, Inc. since September 06, 2016 and serves as its Executive Director. Mr. Cyr joined Freshpet with experience in key con...


CEO Compensation Analysis

Compensation vs Market: Billy's total compensation ($USD885.05K) is below average for companies of similar size in the US market ($USD6.92M).

Compensation vs Earnings: Billy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FRPT's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: FRPT's board of directors are considered experienced (7.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FRPT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.5%.


Top Shareholders

Company Information

Freshpet, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Freshpet, Inc.
  • Ticker: FRPT
  • Exchange: NasdaqGM
  • Founded: 2004
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: US$2.853b
  • Shares outstanding: 47.81m
  • Website: https://www.freshpet.com

Number of Employees


Location

  • Freshpet, Inc.
  • 400 Plaza Drive
  • 1st Floor
  • Secaucus
  • New Jersey
  • 7094
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.