MGP Ingredients
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. The last earnings update was 51 days ago. More info.
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- MGP Ingredients has significant price volatility in the past 3 months.
MGPI Share Price and Events
7 Day Returns
1 Year Returns
MGPI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| MGP Ingredients (MGPI) | 10.3% | 13.4% | 28.3% | -4.6% | 235.3% | 1292.3% |
| US Beverage | 1.7% | 4.3% | 5.2% | 5% | 6.7% | 12.2% |
| US Market | 0.2% | 2.1% | 8.5% | 6.3% | 37.9% | 45.7% |
1 Year Return vs Industry and Market
- MGPI underperformed the Beverage industry which returned 5% over the past year.
- MGPI underperformed the Market in United States of America which returned 6.3% over the past year.
MGPI 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
MGP Ingredients
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 MGP Ingredients.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 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% |
| Beverage Unlevered Beta | Simply Wall St/ S&P Global | 0.61 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.606 (1 + (1- 21%) (2.16%)) |
0.743 |
| 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 NasdaqGS:MGPI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for MGP Ingredients 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 | 15.40 | Analyst x1 | 14.32 |
| 2020 | 21.51 | Analyst x1 | 18.61 |
| 2021 | 26.20 | Est @ 21.79% | 21.09 |
| 2022 | 30.41 | Est @ 16.07% | 22.77 |
| 2023 | 34.08 | Est @ 12.07% | 23.74 |
| 2024 | 37.24 | Est @ 9.27% | 24.13 |
| 2025 | 39.96 | Est @ 7.31% | 24.09 |
| 2026 | 42.33 | Est @ 5.93% | 23.74 |
| 2027 | 44.43 | Est @ 4.97% | 23.18 |
| 2028 | 46.34 | Est @ 4.3% | 22.49 |
| Present value of next 10 years cash flows | $218.16 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $46.34 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$998.50 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $998.50 ÷ (1 + 7.5%)10 |
$484.56 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $218.16 + $484.56 |
$702.72 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $702.72 / 17.01 |
$41.3 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $41.30 |
| Current discount | Discount to share price of
$87.30
= -1 x ($87.30 - $41.30) / $41.30 |
-111.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of MGP Ingredients is above its future cash flow value.
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 MGP Ingredients's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
MGP Ingredients'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 (2018-12-31) in USD | $2.17 |
| NasdaqGS:MGPI Share Price ** | NasdaqGS (2019-04-18) in USD | $87.3 |
| United States of America Beverage Industry PE Ratio | Median Figure of 16 Publicly-Listed Beverage Companies | 30.61x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of MGP Ingredients.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:MGPI Share Price ÷ EPS (both in USD) = 87.3 ÷ 2.17 |
40.26x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MGP Ingredients is overvalued based on earnings compared to the US Beverage industry average.
- MGP Ingredients is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
MGP Ingredients's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 40.26x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
14.8%per year |
| United States of America Beverage Industry PEG Ratio | Median Figure of 12 Publicly-Listed Beverage Companies | 3.1x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 40.26x ÷ 14.8% |
2.71x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MGP Ingredients is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
MGP Ingredients's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $11.95 |
| NasdaqGS:MGPI Share Price * | NasdaqGS (2019-04-18) in USD | $87.3 |
| United States of America Beverage Industry PB Ratio | Median Figure of 28 Publicly-Listed Beverage Companies | 6.99x |
| United States of America Market PB Ratio | Median Figure of 5,178 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:MGPI Share Price ÷ Book Value per Share (both in USD) = 87.3 ÷ 11.95 |
7.31x |
* Primary Listing of MGP Ingredients.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MGP Ingredients is overvalued based on assets compared to the US Beverage industry average.
Value checks
We assess MGP Ingredients'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check) MGP Ingredients has a total score of 0/6, 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.
MGPI 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
- MGP Ingredients's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- MGP Ingredients's earnings growth is expected to exceed the United States of America market average.
- MGP Ingredients's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:MGPI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 14.8% |
| NasdaqGS:MGPI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 7.2% |
| United States of America Beverage Industry Earnings Growth Rate | Market Cap Weighted Average | 7.5% |
| United States of America Beverage Industry Revenue Growth Rate | Market Cap Weighted Average | 4.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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 (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 434 | 58 | 49 | 2 |
| 2019-12-31 | 398 | 51 | 44 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 376 | 33 | 37 |
| 2018-09-30 | 359 | 19 | 37 |
| 2018-06-30 | 351 | 24 | 42 |
| 2018-03-31 | 348 | 35 | 41 |
| 2017-12-31 | 347 | 33 | 41 |
| 2017-09-30 | 340 | 34 | 36 |
| 2017-06-30 | 334 | 30 | 32 |
| 2017-03-31 | 329 | 20 | 32 |
| 2016-12-31 | 318 | 20 | 30 |
| 2016-09-30 | 319 | 8 | 28 |
| 2016-06-30 | 319 | 10 | 26 |
| 2016-03-31 | 324 | 11 | 27 |
*GAAP earnings excluding extraordinary items.
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 2 Analyst Estimates (S&P Global) | See Below |
All data from MGP Ingredients Company Filings, last reported 3 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 |
|---|---|---|---|---|
| 2020-12-31 | 2.88 | 2.88 | 2.88 | 1.00 |
| 2019-12-31 | 2.60 | 2.60 | 2.60 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.17 |
| 2018-09-30 | 2.22 |
| 2018-06-30 | 2.52 |
| 2018-03-31 | 2.45 |
| 2017-12-31 | 2.44 |
| 2017-09-30 | 2.18 |
| 2017-06-30 | 1.92 |
| 2017-03-31 | 1.91 |
| 2016-12-31 | 1.82 |
| 2016-09-30 | 1.71 |
| 2016-06-30 | 1.54 |
| 2016-03-31 | 1.61 |
*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.
- Unable to establish if MGP Ingredients will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess MGP Ingredients'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)
MGP Ingredients 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.
MGPI Past Performance
How has MGP Ingredients 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
- MGP Ingredients has delivered over 20% year on year earnings growth in the past 5 years.
- MGP Ingredients's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- MGP Ingredients's 1-year earnings growth is negative, it can't be compared to the US Beverage industry average.
Earnings and Revenue History
All data from MGP Ingredients Company Filings, last reported 3 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 |
|---|---|---|---|---|
| 2018-12-31 | 376.09 | 36.58 | 33.45 | |
| 2018-09-30 | 359.43 | 37.42 | 33.45 | |
| 2018-06-30 | 350.73 | 42.34 | 34.02 | |
| 2018-03-31 | 348.24 | 41.15 | 34.02 | |
| 2017-12-31 | 347.45 | 40.83 | 33.11 | |
| 2017-09-30 | 340.40 | 36.42 | 31.10 | |
| 2017-06-30 | 333.96 | 31.98 | 29.93 | |
| 2017-03-31 | 328.60 | 31.87 | 28.02 | |
| 2016-12-31 | 318.26 | 30.23 | 26.69 | |
| 2016-09-30 | 318.63 | 28.45 | 24.64 | 0.75 |
| 2016-06-30 | 319.06 | 25.72 | 23.16 | 0.75 |
| 2016-03-31 | 324.03 | 27.25 | 24.78 | 0.75 |
| 2015-12-31 | 327.60 | 25.32 | 25.68 | |
| 2015-09-30 | 322.42 | 26.48 | 25.21 | |
| 2015-06-30 | 319.61 | 25.84 | 24.68 | |
| 2015-03-31 | 314.82 | 23.18 | 21.64 | |
| 2014-12-31 | 313.40 | 22.84 | 18.48 | 1.62 |
| 2014-09-30 | 314.37 | 15.59 | 23.10 | |
| 2014-06-30 | 317.03 | 3.42 | 24.90 | |
| 2014-03-31 | 315.86 | -1.24 | 24.68 | |
| 2013-12-31 | 323.26 | -5.81 | 25.29 | |
| 2013-09-30 | 332.32 | -5.82 | 23.87 | |
| 2013-06-30 | 328.26 | 0.78 | 23.15 | |
| 2013-03-31 | 334.40 | -0.27 | 24.66 | |
| 2012-12-31 | 334.34 | 1.50 | 26.54 | |
| 2012-09-30 | 318.32 | 16.81 | 25.90 | |
| 2012-06-30 | 318.36 | 10.84 | 24.93 |
*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.
- MGP Ingredients has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- MGP Ingredients used its assets more efficiently than the US Beverage industry average last year based on Return on Assets.
- MGP Ingredients's use of capital has not improved over the past 3 years (Return on Capital Employed).
Past performance checks
We assess MGP Ingredients'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 Beverage 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)
MGP Ingredients has a total score of 2/6, 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.
MGPI Health
How is MGP Ingredients'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 MGP Ingredients's finances.
The net worth of a company is the difference between its assets and liabilities.
- MGP Ingredients is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- MGP Ingredients's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 4.8x 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 MGP Ingredients Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 201.44 | 32.01 | 5.03 |
| 2018-09-30 | 190.36 | 45.12 | |
| 2018-06-30 | 182.36 | 40.46 | 2.28 |
| 2018-03-31 | 175.39 | 32.24 | 1.12 |
| 2017-12-31 | 168.73 | 24.55 | 3.08 |
| 2017-09-30 | 159.44 | 34.16 | 7.11 |
| 2017-06-30 | 160.49 | 43.73 | 7.91 |
| 2017-03-31 | 154.14 | 43.69 | |
| 2016-12-31 | 146.29 | 36.00 | 1.57 |
| 2016-09-30 | 137.79 | 45.47 | |
| 2016-06-30 | 129.83 | 41.37 | 1.55 |
| 2016-03-31 | 122.96 | 37.44 | |
| 2015-12-31 | 116.16 | 33.46 | 0.75 |
| 2015-09-30 | 109.28 | 28.81 | 0.13 |
| 2015-06-30 | 117.00 | 9.58 | 4.36 |
| 2015-03-31 | 108.48 | 10.23 | 6.39 |
| 2014-12-31 | 104.37 | 9.90 | 5.64 |
| 2014-09-30 | 97.00 | 16.66 | |
| 2014-06-30 | 90.64 | 23.41 | 0.88 |
| 2014-03-31 | 85.35 | 23.24 | |
| 2013-12-31 | 81.60 | 23.17 | 2.86 |
| 2013-09-30 | 81.46 | 30.43 | |
| 2013-06-30 | 87.69 | 30.66 | |
| 2013-03-31 | 87.58 | 28.19 | |
| 2012-12-31 | 86.83 | 32.74 | |
| 2012-09-30 | 86.51 | 33.64 | |
| 2012-06-30 | 85.06 | 31.07 |
- MGP Ingredients's level of debt (15.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (28.4% vs 15.9% today).
- Debt is well covered by operating cash flow (104.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 42.9x coverage).
Financial health checks
We assess MGP Ingredients'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) MGP Ingredients has a total score of 6/6, 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.
MGPI Dividends
What is MGP Ingredients'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
MGP Ingredients
shares you are expected to receive
$9
in your first year as a dividend.
Dividend Amount
- MGP Ingredients's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- MGP Ingredients's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Beverage Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2009 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 | 3.6% |
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 |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-27 | 0.400 | 0.505 |
| 2018-11-01 | 0.320 | 0.484 |
| 2018-08-02 | 0.320 | 0.424 |
| 2018-05-02 | 0.320 | 0.358 |
| 2018-02-22 | 0.320 | 0.375 |
| 2017-11-02 | 0.160 | 0.207 |
| 2017-08-02 | 0.160 | 0.266 |
| 2017-05-04 | 0.160 | 0.303 |
| 2017-02-17 | 0.160 | 0.314 |
| 2016-11-02 | 0.080 | 0.175 |
| 2016-08-03 | 0.080 | 0.209 |
| 2016-05-04 | 0.320 | 0.939 |
| 2016-03-10 | 0.080 | 0.326 |
| 2015-11-05 | 0.060 | 0.273 |
| 2015-08-06 | 0.060 | 0.374 |
| 2015-03-12 | 0.060 | 0.383 |
| 2014-11-13 | 0.050 | 0.333 |
| 2014-11-12 | 0.050 | 0.395 |
| 2014-08-07 | 0.050 | 0.420 |
| 2014-03-05 | 0.050 | 0.737 |
| 2013-11-13 | 0.050 | 0.935 |
| 2013-11-12 | 0.050 | 1.021 |
| 2013-08-05 | 0.050 | 0.950 |
| 2013-03-05 | 0.050 | 1.004 |
| 2012-11-09 | 0.050 | 1.390 |
| 2012-11-08 | 0.100 | 2.869 |
| 2012-08-09 | 0.050 | 1.405 |
| 2012-03-02 | 0.100 | 2.518 |
| 2011-08-31 | 0.050 | 0.904 |
| 2011-05-10 | 0.050 | 0.663 |
| 2011-02-09 | 0.050 | 0.587 |
| 2010-08-26 | 0.050 | 0.559 |
| 2010-05-11 | 0.000 | 0.000 |
| 2010-02-11 | 0.000 | 0.000 |
| 2010-02-10 | 0.000 | 0.000 |
| 2009-11-05 | 0.000 | 0.000 |
| 2009-09-11 | 0.000 | 0.000 |
| 2009-09-10 | 0.000 | 0.000 |
| 2009-05-11 | 0.000 | 0.000 |
| 2009-04-20 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MGP Ingredients is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- MGP Ingredients is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess MGP Ingredients'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 MGP Ingredients afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) MGP Ingredients 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.
MGPI Management
CEO
| COMPENSATION | $1,869,066 |
| AGE | 58 |
| TENURE AS CEO | 4.8 years |
CEO Bio
Mr. Augustus C. Griffin, also known as Gus, has been the Chief Executive Officer and President of MGP Ingredients, Inc. since July 28, 2014. Mr. Griffin's career with Brown-Forman, a leading global wine and spirits company with annual sales of approximately $4 billion, spanned 24 years. He joined MGP Ingredients, Inc., headquartered in Louisville, Ky., as a merchandising representative in 1987 and later moved into sales management. He served as an Executive Vice President of Marketing for Next Level Spirits from April 2013 to January 2014. He servced as Brand and Business Consultant for Nelson's Green Brier Distillery from November 2011 to March 2013. He served as Senior Vice President, Global Managing Director for Brown Forman Corporation's flagship Jack Daniels business from January 2008 to April 2011. From 1990 to 1997, he advanced through a series of increasingly important brand management roles in Brown-Forman's U.S. marketing organization. His brand assignments included Old Forester Bourbon, Southern Comfort Liqueur, Southern Comfort Cocktails, Jack Daniel's Beer and Early Times Kentucky Whiskey. In 1997, he served as Vice President and Managing Director of Brown-Forman's Pacific Region, relocating to Sydney, Australia, to lead all aspects of this multi-million dollar operating unit. He returned to the company's headquarters in Louisville in 2001, assuming responsibility for the Jack Daniel's brand for the Asia Pacific Region. Within a year, he served as Vice President and Managing Director for West Main Interactive, a wholly-owned subsidiary of Brown-Forman in the digital and relationship marketing arena. His accomplishments led to his being named vice president and regional director for Brown-Forman's Southern Europe operating unit that encompassed Spain, Portugal, France, Belgium, Italy and Greece. During his two years in this role, he led the successful turnaround of this business unit, significantly growing the region's profitability. With a promotion to senior vice president and global managing director for the company's Southern Comfort brand in 2007, he returned to Brown-Forman's headquarters to lead a worldwide marketing team and ensure alignment between brand strategies and marketing practices. He transitioned to senior vice president and global managing director for the Jack Daniel's brand franchise in 2008, leading all facets of building this brand worldwide over the following three years. Mr. Griffin has been a Director of MGP Ingredients, Inc. since August 11, 2014. He was Board Member of Hartmann Luggage. He was educated at the College of William and Mary, Williamsburg, Va., where he received a bachelor of arts degree in economics in 1982 and a master's degree in business administration in 1987.
CEO Compensation
- Gus's compensation has increased by more than 20% in the past year.
- Gus's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the MGP Ingredients management team in years:
- The tenure for the MGP Ingredients management team is about average.
Management Team
Gus Griffin
CEO, President & Director
$2M
58
4.8 yrs
Dave Rindom
VP & Chief Administrative Officer
$825K
63
3.3 yrs
Brandon Gall
Controller
Ody Maningat
Chief Science Officer and VP of Ingredients Research & Development
63
3.5 yrs
TJ Lynn
VP, General Counsel & Corporate Secretary
1.7 yrs
Greg Manis
Corporate Director of Communications
Michael Lasater
Vice President of Sales and Marketing
50
Randy Schrick
Consultant
$620K
68
3.3 yrs
Board of Directors Tenure
Average tenure and age of the MGP Ingredients board of directors in years:
- The tenure for the MGP Ingredients board of directors is about average.
Board of Directors
Karen Seaberg
Chairperson
$135K
71
4.3 yrs
Gus Griffin
CEO, President & Director
$2M
58
4.7 yrs
Bud Cray
Chairman Emeritus
$65K
95
M. Strandjord
Independent Director
$118K
72
5.3 yrs
Terry Dunn
Independent Director
$111K
69
4.9 yrs
Dave Colo
Independent Director
$111K
55
3.7 yrs
Tony Foglio
Independent Director
$104K
72
4.9 yrs
Skip Page
Independent Director
$104K
62
4.9 yrs
Jim Bareuther
Independent Director
$104K
72
2.9 yrs
Lynn Jenkins
Director
54
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Mar 19 | Sell | Karen Seaberg | Individual | 15. Mar 19 | 15. Mar 19 | -773 | $77.76 | $-60,108 | ||
| 19. Mar 19 | Sell | Laidacker Seaberg | Individual | 15. Mar 19 | 15. Mar 19 | -773 | $77.74 | $-60,093 | ||
| 07. Mar 19 | Sell | David Dykstra | Individual | 04. Mar 19 | 04. Mar 19 | -5,000 | $82.18 | $-410,900 | ||
| 18. Dec 18 | Buy | Michael Buttshaw | Individual | 14. Dec 18 | 14. Dec 18 | 425 | $56.00 | $23,800 | ||
| 14. Dec 18 | Buy | Augustus Griffin | Individual | 14. Dec 18 | 14. Dec 18 | 2,000 | $55.50 | $111,000 | ||
| 07. Nov 18 | Buy | Thomas Pigott | Individual | 06. Nov 18 | 06. Nov 18 | 1,000 | $65.91 | $65,910 | ||
| 04. Sep 18 | Buy | George Page | Individual | 28. Aug 18 | 28. Aug 18 | 1,000 | $73.26 | $73,260 | ||
| 07. Aug 18 | Buy | Augustus Griffin | Individual | 07. Aug 18 | 07. Aug 18 | 1,000 | $75.05 | $75,050 | ||
| 07. Aug 18 | Sell | Stephen Glaser | Individual | 06. Aug 18 | 06. Aug 18 | -390 | $75.32 | $-29,375 | ||
| 07. Aug 18 | Buy | Anthony Foglio | Individual | 06. Aug 18 | 06. Aug 18 | 5,000 | $75.52 | $377,600 | ||
| 08. Jun 18 | Sell | David Rindom | Individual | 05. Jun 18 | 05. Jun 18 | -11,740 | $88.55 | $-1,039,577 | ||
| 08. Jun 18 | Sell | David Dykstra | Individual | 07. Jun 18 | 07. Jun 18 | -5,000 | $91.33 | $-453,150 | ||
| 06. Jun 18 | Sell | David Rindom | Individual | 01. Jun 18 | 04. Jun 18 | -17,402 | $88.21 | $-1,534,620 | ||
| 01. Jun 18 | Sell | Michael Buttshaw | Individual | 31. May 18 | 31. May 18 | -400 | $87.65 | $-35,060 | ||
| 31. May 18 | Sell | David Rindom | Individual | 29. May 18 | 31. May 18 | -55,858 | $88.33 | $-4,928,780 | ||
| 16. May 18 | Sell | David Dykstra | Individual | 11. May 18 | 15. May 18 | -10,000 | $88.01 | $-851,737 | ||
Management checks
We assess MGP Ingredients'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) MGP Ingredients 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.
MGPI News
Simply Wall St News
One Thing To Remember About The MGP Ingredients, Inc. (NASDAQ:MGPI) Share Price
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleAre Insiders Selling MGP Ingredients, Inc. (NASDAQ:MGPI) Stock?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in MGP Ingredients, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.
Simply Wall St - – Full articleIs MGP Ingredients, Inc.'s (NASDAQ:MGPI) Balance Sheet Strong Enough To Weather A Storm?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.
Simply Wall St - – Full articleWhat Does MGP Ingredients, Inc.'s (NASDAQ:MGPI) P/E Ratio Tell You?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … MGP Ingredients has a price to earnings ratio of 35.45, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleMGP Ingredients, Inc.'s (NASDAQ:MGPI) Earnings Dropped -10%, Did Its Industry Show Weakness Too?
After looking at MGP Ingredients, Inc.'s (NASDAQ:MGPI) latest earnings update (31 December 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … MGPI's trailing twelve-month earnings (from 31 December 2018) of US$37m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 29%, indicating the rate at which MGPI is growing has slowed down
Simply Wall St - – Full articleIf You Had Bought MGP Ingredients Shares Five Years Ago You'd Have Made 1256%
(NASDAQ:MGPI) share price has soared 1256% over five years. … During five years of share price growth, MGP Ingredients achieved compound earnings per share (EPS) growth of 90% per year. … This EPS growth is higher than the 68% average annual increase in the share price.
Simply Wall St - – Full articleThese Fundamentals Make MGP Ingredients, Inc. (NASDAQ:MGPI) Truly Worth Looking At
Help shape the future of investing tools and you could win a $250 gift card! … Looking at the company as a whole, as a potential stock investment, I believe MGPI has a lot to offer. … is a company with great financial health as well as a
Simply Wall St - – Full articleIs MGP Ingredients, Inc.’s (NASDAQ:MGPI) 18% ROCE Any Good?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine MGP Ingredients, Inc. (NASDAQ:MGPI)?
received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $76.97 at one point, and dropping to the lows of $54.91. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether MGP Ingredients's current trading price of $58.47 reflective of the actual value of the?
Simply Wall St - – Full articleDoes MGP Ingredients, Inc. (NASDAQ:MGPI) Create Value For Shareholders?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows MGP Ingredients has a return on equity of 20% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleMGPI Company Info
Description
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates in two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel grade alcohol for blending with gasoline; distillery co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym Resistant Starch, FiberRite RW Resistant Starch, Pregel Instant Starch, and Midsol Cook-up Starch trademarks; specialty wheat proteins for food applications; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, Japan, Thailand, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
Details
| Name: | MGP Ingredients, Inc. |
| MGPI | |
| Exchange: | NasdaqGS |
| Founded: | 1941 |
| $1,485,399,198 | |
| 17,014,882 | |
| Website: | http://www.mgpingredients.com |
| Address: |
MGP Ingredients, Inc. Cray Business Plaza, 100 Commercial Street, Atchison, Kansas, 66002, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | MGPI | Common Stock | Nasdaq Global Select | US | USD | 20. Oct 1988 | |
| DB | M1I | Common Stock | Deutsche Boerse AG | DE | EUR | 20. Oct 1988 | |
| BST | M1I | Common Stock | Boerse-Stuttgart | DE | EUR | 20. Oct 1988 |
Number of employees
Current staff
Industry
| Distillers and Vintners | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 23:38 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/02/28 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| 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.
