Flowers Foods, Inc.

NYSE:FLO Stock Report

Market Cap: US$4.3b

Flowers Foods Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FLO ($20.52) is trading below our estimate of fair value ($32.06)

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

Key Valuation Metric

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

Key metric: As FLO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FLO. This is calculated by dividing FLO's market cap by their current earnings.
What is FLO's PE Ratio?
PE Ratio18x
EarningsUS$240.67m
Market CapUS$4.32b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FLO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.3x
SMPL Simply Good Foods
27.8x12.4%US$3.9b
LANC Lancaster Colony
30.9x9.9%US$4.9b
TWNK Hostess Brands
35x14.4%US$4.4b
JJSF J&J Snack Foods
35.5x13.7%US$3.1b
FLO Flowers Foods
18x6.5%US$4.3b

Price-To-Earnings vs Peers: FLO is good value based on its Price-To-Earnings Ratio (18x) compared to the peer average (31.4x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GCEH Global Clean Energy Holdings
0.6xn/aUS$78.28m
ORIS Oriental Rise Holdings
2.9xn/aUS$33.24m
SEED Origin Agritech
1.8xn/aUS$14.03m
IDBH.F Industrias Bachoco. de
0.02xn/aUS$9.65m
FLO 18.0xIndustry Avg. 20.3xNo. of Companies7PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLO is good value based on its Price-To-Earnings Ratio (18x) compared to the US Food industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is FLO'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.

FLO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: FLO is good value based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FLO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.52
US$24.00
+17.0%
11.0%US$30.00US$20.00n/a8
Dec ’25US$22.62
US$24.00
+6.1%
11.0%US$30.00US$20.00n/a8
Nov ’25US$22.20
US$24.25
+9.2%
11.2%US$30.00US$20.00n/a8
Oct ’25US$22.87
US$24.25
+6.0%
11.2%US$30.00US$20.00n/a8
Sep ’25US$23.24
US$24.25
+4.3%
11.2%US$30.00US$20.00n/a8
Aug ’25US$22.67
US$23.88
+5.3%
11.7%US$30.00US$20.00n/a8
Jul ’25US$22.03
US$24.71
+12.2%
10.1%US$30.00US$22.00n/a7
Jun ’25US$23.22
US$24.71
+6.4%
10.1%US$30.00US$22.00n/a7
May ’25US$25.04
US$24.16
-3.5%
10.1%US$30.00US$22.00n/a8
Apr ’25US$23.63
US$24.00
+1.6%
10.7%US$30.00US$22.00n/a7
Mar ’25US$22.23
US$24.00
+8.0%
10.7%US$30.00US$22.00n/a7
Feb ’25US$23.58
US$24.00
+1.8%
11.5%US$30.00US$22.00n/a6
Jan ’25US$22.51
US$23.83
+5.9%
12.0%US$30.00US$22.00n/a6
Dec ’24US$21.24
US$23.83
+12.2%
12.0%US$30.00US$22.00US$22.626
Nov ’24US$21.91
US$26.33
+20.2%
11.9%US$33.00US$23.00US$22.206
Oct ’24US$22.18
US$26.50
+19.5%
11.7%US$33.00US$23.00US$22.876
Sep ’24US$23.04
US$26.83
+16.5%
10.4%US$33.00US$25.00US$23.246
Aug ’24US$24.72
US$27.33
+10.6%
11.5%US$33.00US$24.00US$22.676
Jul ’24US$24.88
US$27.33
+9.9%
11.5%US$33.00US$24.00US$22.036
Jun ’24US$24.88
US$27.83
+11.9%
10.9%US$33.00US$24.00US$23.226
May ’24US$27.82
US$28.83
+3.6%
7.6%US$33.00US$26.00US$25.046
Apr ’24US$27.41
US$29.17
+6.4%
7.3%US$33.00US$26.00US$23.636
Mar ’24US$27.62
US$29.33
+6.2%
6.4%US$33.00US$27.00US$22.236
Feb ’24US$27.66
US$29.33
+6.0%
6.4%US$33.00US$27.00US$23.586
Jan ’24US$28.74
US$29.33
+2.1%
6.4%US$33.00US$27.00US$22.516
Dec ’23US$29.89
US$29.33
-1.9%
6.4%US$33.00US$27.00US$21.246

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 09:12
End of Day Share Price 2024/12/24 00:00
Earnings2024/10/05
Annual Earnings2023/12/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Flowers Foods, Inc. is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Donald McLeeBerenberg
Amit SharmaBMO Capital Markets Equity Research