company background image
BGS

B&G Foods NYSE:BGS Stock Report

Last Price

US$24.16

Market Cap

US$1.7b

7D

-3.5%

1Y

-22.2%

Updated

02 Jul, 2022

Data

Company Financials +
BGS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health1/6
Dividends4/6

BGS Stock Overview

B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico.

B&G Foods Competitors

Price History & Performance

Summary of all time highs, changes and price drops for B&G Foods
Historical stock prices
Current Share PriceUS$24.16
52 Week HighUS$34.27
52 Week LowUS$21.05
Beta0.35
1 Month Change7.71%
3 Month Change-9.99%
1 Year Change-22.17%
3 Year Change12.79%
5 Year Change-29.87%
Change since IPO82.20%

Recent News & Updates

Jun 27
B&G Foods (NYSE:BGS) Has No Shortage Of Debt

B&G Foods (NYSE:BGS) Has No Shortage Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Jun 05
B&G Foods (NYSE:BGS) Has Affirmed Its Dividend Of US$0.47

B&G Foods (NYSE:BGS) Has Affirmed Its Dividend Of US$0.47

The board of B&G Foods, Inc. ( NYSE:BGS ) has announced that it will pay a dividend of US$0.47 per share on the 1st of...

Shareholder Returns

BGSUS FoodUS Market
7D-3.5%1.1%-2.5%
1Y-22.2%-0.07%-21.2%

Return vs Industry: BGS underperformed the US Food industry which returned -0.1% over the past year.

Return vs Market: BGS matched the US Market which returned -21.2% over the past year.

Price Volatility

Is BGS's price volatile compared to industry and market?
BGS volatility
BGS Average Weekly Movement6.3%
Food Industry Average Movement6.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: BGS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BGS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18222,922Casey Kellerhttps://www.bgfoods.com

B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company’s products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products. It 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, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Emeril’s, Grandma’s Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms of Vermont, McCann’s, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone’s, Trappey’s, TrueNorth, Underwood, Vermont Maid, Victoria, and Weber and Wright’s.

B&G Foods Fundamentals Summary

How do B&G Foods's earnings and revenue compare to its market cap?
BGS fundamental statistics
Market CapUS$1.66b
Earnings (TTM)US$64.14m
Revenue (TTM)US$2.08b

25.9x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGS income statement (TTM)
RevenueUS$2.08b
Cost of RevenueUS$1.65b
Gross ProfitUS$430.46m
Other ExpensesUS$366.32m
EarningsUS$64.14m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.93
Gross Margin20.66%
Net Profit Margin3.08%
Debt/Equity Ratio249.6%

How did BGS perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

196%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 BGS?

Other financial metrics that can be useful for relative valuation.

BGS 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/Revenue1.9x
Enterprise Value/EBITDA13.5x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does BGS's PE Ratio compare to its peers?

BGS PE Ratio vs Peers
The above table shows the PE ratio for BGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average56.4x
IBA Industrias Bachoco. de
8.5x4.7%US$2.1b
UTZ Utz Brands
46.7x-7.1%US$2.0b
TR Tootsie Roll Industries
37xn/aUS$2.4b
CALM Cal-Maine Foods
133.2x-22.4%US$2.5b
BGS B&G Foods
25.9x12.7%US$1.7b

Price-To-Earnings vs Peers: BGS is good value based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (56.4x).


Price to Earnings Ratio vs Industry

How does BGS's PE Ratio compare vs other companies in the US Food Industry?

Price-To-Earnings vs Industry: BGS is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the US Food industry average (17.7x)


Price to Earnings Ratio vs Fair Ratio

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

BGS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: BGS is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).


Share Price vs Fair Value

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

Below Fair Value: BGS ($24.16) is trading below our estimate of fair value ($63.08)

Significantly Below Fair Value: BGS is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: BGS is poor value based on its PEG Ratio (2x)


Discover undervalued companies

Future Growth

How is B&G Foods forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BGS's forecast earnings growth (12.7% per year) is above the savings rate (1.9%).

Earnings vs Market: BGS's earnings (12.7% per year) are forecast to grow slower than the US market (13.6% per year).

High Growth Earnings: BGS's earnings are forecast to grow, but not significantly.

Revenue vs Market: BGS's revenue (1.4% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: BGS's revenue (1.4% 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


Discover growth companies

Past Performance

How has B&G Foods 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


-11.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BGS has a large one-off loss of $26.0M impacting its April 2 2022 financial results.

Growing Profit Margin: BGS's current net profit margins (3.1%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: BGS's earnings have declined by 11.8% 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 (-51%) over the past year, making it difficult to compare to the Food industry average (15.2%).


Return on Equity

High ROE: BGS's Return on Equity (7%) is considered low.


Discover strong past performing companies

Financial Health

How is B&G Foods's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BGS's short term assets ($859.9M) exceed its short term liabilities ($248.3M).

Long Term Liabilities: BGS's short term assets ($859.9M) do not cover its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: BGS's net debt to equity ratio (245.1%) is considered high.

Reducing Debt: BGS's debt to equity ratio has increased from 223.9% to 249.6% over the past 5 years.

Debt Coverage: BGS's debt is not well covered by operating cash flow (4.1%).

Interest Coverage: BGS's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is B&G Foods's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.86%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BGS's dividend (7.86%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: BGS's dividend (7.86%) is in the top 25% of dividend payers in the US market (4.25%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (195.8%), BGS's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (241.6%), BGS's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.5yrs

Average management tenure


CEO

Casey Keller (60 yo)

1.08yrs

Tenure

US$6,040,794

Compensation

Mr. Kenneth Charles Keller, Jr., also known as Casey, has been President, Chief Executive Officer and Director at B&G Foods, Inc. since June 14, 2021. Mr. Keller serves as a Member of Advisory Council of W...


CEO Compensation Analysis

Compensation vs Market: Casey's total compensation ($USD6.04M) is about average for companies of similar size in the US market ($USD5.56M).

Compensation vs Earnings: Insufficient data to compare Casey's compensation with company performance.


Leadership Team

Experienced Management: BGS's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: BGS's board of directors are seasoned and experienced ( 11.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.4%.


Top Shareholders

Company Information

B&G Foods, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: B&G Foods, Inc.
  • Ticker: BGS
  • Exchange: NYSE
  • Founded: 1822
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: US$1.664b
  • Shares outstanding: 68.88m
  • Website: https://www.bgfoods.com

Number of Employees


Location

  • B&G Foods, Inc.
  • Four Gatehall Drive
  • Parsippany
  • New Jersey
  • 7054
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/04/02
Annual Earnings2022/01/01


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.