Market Cap
US$872.3m
Last Updated
2020/02/19 00:37 UTC
Data Sources
Company Financials +
Executive Summary
B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -5.3% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Undervalued established dividend payer.
Similar Companies
Share Price & News
How has B&G Foods's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BGS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.9%
BGS
-0.7%
US Food
0.06%
US Market
1 Year Return
-48.8%
BGS
8.8%
US Food
19.4%
US Market
Return vs Industry: BGS underperformed the US Food industry which returned 8.8% over the past year.
Return vs Market: BGS underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| BGS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -0.7% | 0.06% |
| 30 Day | -11.9% | -1.1% | 1.1% |
| 90 Day | -14.0% | 3.4% | 8.9% |
| 1 Year | -43.8%-48.8% | 11.8%8.8% | 21.9%19.4% |
| 3 Year | -64.2%-71.0% | -1.6%-9.5% | 48.9%39.3% |
| 5 Year | -35.1%-51.6% | 41.8%25.2% | 71.9%53.1% |
Price Volatility Vs. Market
How volatile is B&G Foods's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's Why We Don't Think B&G Foods's (NYSE:BGS) Statutory Earnings Reflect Its Underlying Earnings Potential1 month ago | Simply Wall St
Introducing B&G Foods (NYSE:BGS), The Stock That Slid 65% In The Last Three Years1 month ago | Simply Wall St
Do You Know What B&G Foods, Inc.'s (NYSE:BGS) P/E Ratio Means?Valuation
Is B&G Foods undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BGS ($13.81) is trading below our estimate of fair value ($45.79)
Significantly Below Fair Value: BGS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BGS is good value based on its PE Ratio (5.1x) compared to the Food industry average (25.3x).
PE vs Market: BGS is good value based on its PE Ratio (5.1x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: BGS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BGS is good value based on its PB Ratio (1x) compared to the US Food industry average (2x).
Next Steps
Future Growth
How is B&G Foods forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BGS's earnings are forecast to decline over the next 3 years (-5.3% per year).
Earnings vs Market: BGS's earnings are forecast to decline over the next 3 years (-5.3% per year).
High Growth Earnings: BGS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BGS's revenue (0.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BGS's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BGS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has B&G Foods performed over the past 5 years?
28.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BGS has a large one-off gain of $90.3M impacting its September 28 2019 financial results.
Growing Profit Margin: BGS's current net profit margins (10.8%) are lower than last year (11.1%).
Past Earnings Growth Analysis
Earnings Trend: BGS's earnings have grown significantly by 28.7% per year over the past 5 years.
Accelerating Growth: BGS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BGS had negative earnings growth (-6.5%) over the past year, making it difficult to compare to the Food industry average (-6.2%).
Return on Equity
High ROE: Whilst BGS's Return on Equity (21.11%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is B&G Foods's financial position?
Financial Position Analysis
Short Term Liabilities: BGS's short term assets ($1.0B) exceed its short term liabilities ($289.5M).
Long Term Liabilities: BGS's short term assets ($1.0B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: BGS's debt to equity ratio (253%) is considered high.
Reducing Debt: BGS's debt to equity ratio has reduced from 296.1% to 253% over the past 5 years.
Debt Coverage: BGS's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: BGS's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Inventory Level: BGS has a high level of physical assets or inventory.
Debt Coverage by Assets: BGS's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is B&G Foods's current dividend yield, its reliability and sustainability?
13.76%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BGS's dividend (13.76%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: BGS's dividend (13.76%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: BGS's dividends per share have been stable in the past 10 years.
Growing Dividend: BGS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.8%), BGS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BGS's dividends in 3 years are not forecast to be well covered by earnings (121.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Ken Romanzi (59yo)
0.8yrs
Tenure
US$1,470,843
Compensation
Mr. Kenneth G. Romanzi, also known as Ken, serves as President, Chief Executive Officer and Director at B&G Foods, Inc. since April 6, 2019. He served as an Executive Vice President and Chief Operating Off ...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD1.47M) is below average for companies of similar size in the US market ($USD2.50M).
Compensation vs Earnings: Insufficient data to compare Ken's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.8yrs | US$1.47m | 0.052% $453.0k | |
| CFO & Executive VP of Finance | 2.3yrs | US$952.38k | 0.0027% $23.4k | |
| Executive VP | 14.6yrs | US$1.02m | 0.12% $1.0m | |
| VP of Finance & Chief Accounting Officer | 1.3yrs | no data | no data | |
| Executive VP of Human Resources & Chief Human Resources Officer | 5yrs | no data | 0.014% $123.4k | |
| Executive VP & Chief Supply Chain Officer | 0.9yrs | no data | no data | |
| Executive VP & Chief Commercial Officer | 0.9yrs | no data | 0.017% $150.6k | |
| Executive VP & Chief Customer Officer | 0.9yrs | no data | 0.000020% $174.5 |
1.1yrs
Average Tenure
51.5yo
Average Age
Experienced Management: BGS's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.8yrs | US$1.47m | 0.052% $453.0k | |
| Chairman | 14.5yrs | US$297.49k | 0.19% $1.6m | |
| Director | 22.5yrs | US$226.24k | 1.12% $9.8m | |
| Independent Director | 9.3yrs | US$242.49k | 0.029% $253.0k | |
| Independent Director | 9.3yrs | US$232.49k | 0.076% $666.8k | |
| Independent Director | 23.1yrs | US$229.99k | 0.051% $448.2k | |
| Independent Director | 13.9yrs | US$227.49k | 0.064% $559.7k | |
| Independent Director | 4.8yrs | US$237.49k | 0.035% $303.4k | |
| Independent Director | 1.9yrs | US$259.98k | 0.017% $151.1k |
9.3yrs
Average Tenure
65yo
Average Age
Experienced Board: BGS's board of directors are considered experienced (9.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
B&G Foods, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: B&G Foods, Inc.
- Ticker: BGS
- Exchange: NYSE
- Founded: 1996
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: US$872.288m
- Shares outstanding: 64.04m
- Website: https://www.bgfoods.com
Number of Employees
Location
- B&G Foods, Inc.
- Four Gatehall Drive
- Parsippany
- New Jersey
- 7054
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BGS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 2007 |
| DHR | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2007 |
Biography
B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, cookies and crackers, nut clusters, and other specialty products. The company markets its products under various brands, including Ac’cent, B&G, B&M, Back to Nature, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril’s, Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms of Vermont, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Sa-són, Sclafani, Smart Puffs, SnackWell’s, Spice Islands, Spring Tree, Sugar Twin, Tone’s, Trappey’s, TrueNorth, Underwood, Vermont Maid, Victoria, Weber, and Wright’s. It also sells, markets, and distributes household products under the Static Guard brand. B&G Foods, Inc. sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, food service outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1996 and is headquartered in Parsippany, New Jersey.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 00:37 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/09/28 |
| Annual Earnings | 2018/12/29 |
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.