NYSE:BGS

Stock Analysis Report

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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

1.8%

NYSE:BGS

-0.09%

US Food

-0.7%

US Market


1 Year Return

-41.3%

NYSE:BGS

-1.5%

US Food

-0.5%

US Market

BGS underperformed the Food industry which returned -1.5% over the past year.

BGS underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

BGSIndustryMarket
7 Day1.8%-0.09%-0.7%
30 Day-0.1%-0.3%-3.0%
90 Day-12.8%2.6%0.9%
1 Year-36.7%-41.3%1.2%-1.5%1.7%-0.5%
3 Year-52.0%-59.8%-7.6%-15.4%39.5%30.4%
5 Year-14.0%-34.1%42.8%25.9%54.1%37.0%

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

Valuation

Is B&G Foods undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

B&G Foods's share price is below the future cash flow value, and at a moderate discount (> 20%).

B&G Foods's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

B&G Foods is good value based on earnings compared to the US Food industry average.

B&G Foods is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

B&G Foods earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

B&G Foods is good value based on assets compared to the US Food industry average.


Next Steps

Future Growth

How is B&G Foods expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

-12.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

B&G Foods's revenue is expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).

B&G Foods's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

B&G Foods's revenue growth is positive but not above the United States of America market average.

B&G Foods's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

B&G Foods's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if B&G Foods will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has B&G Foods performed over the past 5 years?

29.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

B&G Foods has delivered over 20% year on year earnings growth in the past 5 years.

B&G Foods's 1-year earnings growth is negative, it can't be compared to the 5-year average.

B&G Foods's 1-year earnings growth is negative, it can't be compared to the US Food industry average.


Return on Equity

Whilst B&G Foods has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

B&G Foods used its assets more efficiently than the US Food industry average last year based on Return on Assets.


Return on Capital Employed

B&G Foods's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is B&G Foods's financial position?


Financial Position Analysis

B&G Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

B&G Foods's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

B&G Foods's level of debt (207.6%) 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 (278.7% vs 207.6% today).

Debt is not well covered by operating cash flow (6.7%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

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

10.25%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase B&G Foods before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

B&G Foods's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

B&G Foods's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1x coverage).


Next Steps

Management

What is the CEO of B&G Foods's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Ken Romanzi (59yo)

0.3yrs

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

Ken's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Ken to compare compensation growth.


Management Age and Tenure

0.8yrs

Average Tenure

52yo

Average Age

The average tenure for the B&G Foods management team is less than 2 years, this suggests a new team.


Board Age and Tenure

8.8yrs

Average Tenure

65yo

Average Age

The tenure for the B&G Foods board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$29,56804 Mar 19
Kenneth Romanzi
EntityIndividual
Role
Chief Executive Officer
President
Shares1,200
Max PriceUS$24.64
SellUS$354,25720 Nov 18
Cheryl Palmer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares12,000
Max PriceUS$29.52

Ownership Breakdown


Management Team

  • Ken Romanzi (59yo)

    President

    • Tenure: 0.3yrs
    • Compensation: US$1.47m
  • Erich Fritz (68yo)

    Executive VP & Chief Supply Chain Officer

    • Tenure: 0.4yrs
  • Scott Lerner (46yo)

    Executive VP

    • Tenure: 14.1yrs
    • Compensation: US$1.02m
  • Bill Herbes (64yo)

    Executive Vice President of Operations

    • Tenure: 10.0yrs
    • Compensation: US$708.57k
  • Bruce Wacha (47yo)

    CFO & Executive VP of Finance

    • Tenure: 1.8yrs
    • Compensation: US$952.38k
  • Michael Adasczik (45yo)

    VP of Finance & Chief Accounting Officer

    • Tenure: 0.8yrs
  • Eric Hart (52yo)

    Executive VP of Human Resources & Chief Human Resources Officer

    • Tenure: 4.5yrs
  • Jordan Greenberg (51yo)

    Executive VP & Chief Commercial Officer

    • Tenure: 0.4yrs
  • Ellen Schum (53yo)

    Executive VP & Chief Customer Officer

    • Tenure: 0.4yrs

Board Members

  • Stephen Sherrill (66yo)

    Chairman

    • Tenure: 14.0yrs
    • Compensation: US$297.49k
  • Dave Wenner (70yo)

    Director

    • Tenure: 22.0yrs
    • Compensation: US$226.24k
  • Cheryl Palmer (61yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$242.49k
  • Chuck Marcy (69yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$232.49k
  • Alfred Poe (70yo)

    Director

    • Tenure: 22.6yrs
    • Compensation: US$229.99k
  • Ken Romanzi (59yo)

    President

    • Tenure: 0.3yrs
    • Compensation: US$1.47m
  • Dennis Mullen (65yo)

    Director

    • Tenure: 13.4yrs
    • Compensation: US$227.49k
  • DeAnn Brunts (57yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$237.49k
  • Rob Mills (46yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$259.98k

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$1.259b
  • Shares outstanding: 65.38m
  • Website: https://www.bgfoods.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BGSNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2007
DHRDB (Deutsche Boerse AG)YesCommon StockDEEURMay 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 a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 00:12
End of Day Share Price2019/08/16 00:00
Earnings2019/06/29
Annual Earnings2018/12/29


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.