$1.9 B

BGS Mkt cap, 04-Dec-2018

$422.6 M

B&G Foods Revenue Q3, 2018
B&G Foods Gross profit (Q3, 2018)115 M
B&G Foods Gross profit margin (Q3, 2018), %27.2%
B&G Foods Net income (Q3, 2018)32 M
B&G Foods EBIT (Q3, 2018)70.4 M
B&G Foods Cash, 29-Sep-201826.2 M
B&G Foods EV4 B

B&G Foods Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

725.0m848.0m342.3m1.4b1.7b

Revenue growth, %

17%(60%)182%

Cost of goods sold

482.1m600.2m943.3m1.2b

Gross profit

242.9m247.8m448.0m462.2m

Gross profit Margin, %

34%29%32%28%

General and administrative expense

79.0m174.8m205.2m

Operating expense total

79.0m105.9m205.2m

Depreciation and amortization

9.9m13.8m17.6m

EBIT

154.0m116.1m254.0m239.4m

EBIT margin, %

21%14%18%14%

Interest expense

41.8m46.6m74.5m91.8m

Pre tax profit

80.9m63.8m177.1m

Income tax expense

28.5m22.8m67.6m(69.4m)

Net Income

52.3m41.0m69.1m109.4m217.5m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

181.4m198.1m202.9m209.0m213.3m217.1m193.6m353.0m306.4m318.2m417.9m368.1m408.4m431.7m388.4m422.6m

Cost of goods sold

120.1m133.5m139.9m145.9m141.7m149.7m131.6m237.1m196.7m202.8m291.1m257.1m285.1m328.4m307.2m307.6m

Gross profit

61.3m64.7m63.0m63.1m71.6m67.4m62.0m115.9m109.7m115.4m126.8m111.0m123.3m103.4m81.2m115.0m

Gross profit Margin, %

34%33%31%30%34%31%32%33%36%36%30%30%30%24%21%27%

General and administrative expense

21.3m22.6m25.3m21.2m27.3m22.8m19.2m39.6m33.9m42.5m53.6m49.6m43.0m42.6m37.3m40.0m

Operating expense total

21.3m22.6m25.3m21.2m27.3m22.8m19.2m39.6m33.9m42.5m53.6m49.6m43.0m42.6m79.8m40.0m

Depreciation and amortization

3.4m3.4m3.3m4.5m4.3m4.3m4.6m4.6m4.6m

EBIT

37.6m38.8m42.6m4.3m41.6m41.9m40.1m72.9m67.1m69.7m68.7m57.2m76.0m56.2m39.3m70.4m

EBIT margin, %

21%20%21%2%19%19%21%21%wdxefcqufszuzezftuxetqsqxt22%22%16%16%19%13%10%17%

Interest expense

11.1m11.1m11.8m11.6m11.3m11.5m11.1m19.1m18.4m18.0m19.6m22.0m23.4m28.3m27.6m27.9m

Pre tax profit

23.7m27.7m30.3m29.1m52.8m49.0m51.6m51.1m34.9m52.5m27.1m10.8m43.8m

Income tax expense

8.4m9.9m8.9m(2.8m)10.5m10.8m10.3m19.6m18.8m19.2m18.3m12.9m19.8m6.6m2.8m11.8m

Net Income

15.4m17.8m16.1m(4.4m)19.8m19.6m18.7m33.2m30.3m32.4m32.8m22.1m32.7m20.5m8.0m32.0m

B&G Foods Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

4.1m1.5m5.2m28.8m206.5m

Accounts Receivable

Inventories

101.3m106.6m356.6m501.8m

Current Assets

181.7m196.5m463.2m549.8m886.6m

PP&E

110.4m116.2m163.6m245.3m

Goodwill

319.3m370.4m473.1m614.3m649.3m

Total Assets

1.5b1.6b2.6b3.0b3.6b

Accounts Payable

42.6m38.1m98.0m122.4m

Dividends Payable

17.6m18.2m20.3m30.9m30.9m

Short-term debt

26.3m18.8m33.8m10.5m

Current Liabilities

105.7m92.7m134.9m205.7m201.5m

Long-term debt

844.6m1.0b1.7b1.7b2.2b

Total Debt

870.9m1.0b1.8b1.7b2.2b

Total Liabilities

1.1b2.3b2.7b

Additional Paid-in Capital

183.1m110.3m162.6m387.7m266.8m

Retained Earnings

197.2m238.1m307.2m416.7m634.1m

Total Equity

378.4m338.0m457.7m785.7m880.8m

Debt to Equity Ratio

2.3 x3 x3.8 x2.2 x2.5 x

Debt to Assets Ratio

0.6 x0.6 x0.7 x0.6 x0.6 x

Financial Leverage

3.9 x4.9 x5.6 x3.9 x4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

12.3m17.0m4.0m6.0m45.9m23.7m98.5m65.2m107.6m240.6m31.8m51.7m22.6m118.1m62.8m26.2m

Accounts Receivable

56.9m55.4m58.4m68.4m63.4m55.8m50.4m72.6m71.2m90.6m148.3m125.2m171.3m160.8m137.1m170.1m

Inventories

110.0m103.5m119.7m132.9m133.2m107.0m119.1m260.5m262.7m341.3m359.8m420.4m487.4m455.4m446.3m487.4m

Current Assets

192.8m185.4m204.8m232.1m258.2m207.6m289.6m462.0m486.8m754.9m573.2m631.3m724.5m767.8m687.3m965.3m

PP&E

248.6m

Goodwill

296.9m320.3m372.0m370.1m388.0m370.5m370.6m473.1m472.5m474.0m615.8m615.8m615.8m650.6m652.1m585.2m

Total Assets

1.4b1.5b1.7b1.7b1.8b1.7b1.7b2.5b2.6b2.8b3.1b3.1b3.2b3.4b3.4b3.4b

Accounts Payable

25.4m29.9m42.6m49.7m34.2m26.3m30.8m41.8m38.6m97.3m76.7m93.7m137.2m111.3m115.6m156.3m

Dividends Payable

16.9m18.2m18.2m18.2m20.3m18.3m19.7m26.3m26.3m27.9m30.9m30.9m30.9m31.0m31.3m31.3m

Short-term debt

48.8m22.5m45.0m20.6m24.4m20.6m22.5m33.8m1.1m10.5m10.5m10.5m10.5m352.2m

Current Liabilities

118.6m94.6m124.9m116.2m105.9m90.7m88.8m111.6m99.1m184.4m165.2m169.6m223.7m203.2m184.4m601.4m

Long-term debt

815.8m852.2m1.0b1.0b954.5m1.0b961.9m1.5b1.5b1.5b1.8b1.8b1.9b2.1b2.1b1.7b

Total Debt

864.6m874.7m1.0b1.0b978.9m1.0b984.4m1.6b1.5b1.5b1.8b1.8b1.9b2.1b2.1b2.1b

Total Liabilities

1.1b1.1b1.3b1.3b1.3b1.3b1.3b1.9b1.9b2.0b2.3b2.3b2.4b2.6b2.5b2.6b

Additional Paid-in Capital

180.0m163.4m146.4m128.5m180.7m92.0m199.8m288.3m264.0m417.2m356.0m327.1m297.3m234.8m186.7m156.2m

Retained Earnings

178.4m215.0m231.1m226.7m296.3m257.7m276.5m340.4m370.7m403.1m449.4m471.5m504.2m654.7m662.6m694.6m

Total Equity

348.2m376.5m375.6m353.2m466.7m339.3m466.0m618.9m622.5m804.8m791.0m787.7m791.4m872.6m827.0m832.6m

Debt to Equity Ratio

2.6 x2.5 x1.9 x2.3 x2.3 x2.4 x2.4 x2.5 x2.5 x

Debt to Assets Ratio

0.6 x0.6 x0.5 x0.6 x0.6 x0.6 x0.6 x0.6 x0.6 x

Financial Leverage

4.1 x3.9 x4.5 x4.8 x3.8 x4.9 x3.7 x4.1 x4.1 x3.5 x3.9 x4 x4.1 x3.9 x4.1 x4.1 x

B&G Foods Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

52.3m41.0m69.1m69.1m217.5m

Depreciation and Amortization

24.1m12.7m28.7m28.7m49.2m

Accounts Receivable

(13.7m)6.6m(17.1m)(18.0m)

Inventories

(3.7m)(7.7m)39.6m(139.5m)

Accounts Payable

9.2m(8.4m)7.8m16.6m

Cash From Operating Activities

114.9m99.1m128.5m128.5m37.8m

Cash From Investing Activities

(261.9m)(173.3m)(892.4m)(892.4m)(220.5m)

Short-term Borrowings

(90.0m)(258.5m)(164.0m)(164.0m)(571.0m)

Long-term Borrowings

(138.7m)(18.7m)(18.7m)(233.6m)

Dividends Paid

(62.8m)(72.4m)(76.5m)(76.5m)(123.6m)

Cash From Financing Activities

131.8m71.6m767.4m767.4m359.3m

Free Cash Flow

100.3m118.2m147.1m109.9m(22.0m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

33.6m17.8m33.9m29.5m58.1m19.6m38.3m33.2m63.4m95.9m32.8m54.8m87.6m20.5m28.5m60.5m

Depreciation and Amortization

17.0m6.9m13.9m20.8m20.5m6.5m13.4m9.0m18.2m26.8m12.2m24.5m36.3m13.1m26.4m39.9m

Accounts Receivable

(9.5m)6.8m5.0m(6.0m)(5.2m)168.0k5.7m(2.6m)(1.2m)(20.6m)(29.4m)(5.7m)(52.0m)(20.9m)2.4m(30.5m)

Inventories

(16.0m)(2.7m)(16.3m)(32.4m)(25.5m)(535.0k)(12.7m)53.8m50.7m(29.9m)(1.4m)(60.6m)(127.1m)46.1m51.7m6.9m

Accounts Payable

(3.5m)(12.8m)(3.6m)3.3m(6.2m)(11.8m)(7.2m)(7.7m)(11.7m)47.6m(21.8m)(5.3m)38.8m(11.4m)(6.4m)30.4m

Cash From Operating Activities

68.9m31.0m36.1m60.7m86.7m38.7m57.6m123.8m200.7m192.8m2.5m19.8m7.5m73.7m104.8m139.1m

Cash From Investing Activities

(218.3m)(2.2m)(163.8m)(168.2m)(63.7m)(3.2m)(7.4m)(5.1m)(13.2m)(24.8m)(8.2m)(24.8m)(40.6m)(5.0m)(17.2m)(56.7m)

Short-term Borrowings

(60.0m)(17.5m)(232.5m)(246.5m)(44.0m)(17.5m)(44.0m)(50.0m)(50.0m)(50.0m)(50.0m)(221.0m)(221.0m)(50.0m)

Long-term Borrowings

(501.4m)(3.8m)(131.2m)(131.2m)(13.1m)(3.7m)(7.5m)(150.0m)(150.0m)(150.0m)(150.0m)(233.6m)(233.6m)(125.0m)(150.0m)(150.0m)

Dividends Paid

(45.9m)(17.6m)(35.9m)(54.1m)(56.2m)(18.2m)(36.5m)(20.3m)(46.6m)(72.9m)(30.9m)(61.8m)(92.7m)(30.9m)(61.9m)(93.2m)

Cash From Financing Activities

142.5m(15.9m)127.5m109.4m21.6m(13.2m)47.0m(59.3m)(85.6m)67.9m9.5m28.0m27.1m(157.8m)(232.2m)(263.5m)

Free Cash Flow

60.5m28.8m26.6m46.8m74.0m35.5m50.1m118.7m187.5m168.0m(7.8m)(7.0m)(35.2m)68.8m87.6m113.1m

B&G Foods Ratios

USDY, 2018

EV/EBIT

56.6 x

EV/CFO

28.7 x

EV/FCF

35.2 x

Debt/Equity

2.5 x

Debt/Assets

0.6 x

Financial Leverage

4.1 x
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B&G Foods Operating Metrics

FY, 2014FY, 2015FY, 2016

Manufacturing Facilities

7 9 10

Distribution Centers

3 3 4
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B&G Foods Employee Rating

3.520 votes
Culture & Values
3.0
Work/Life Balance
3.1
Senior Management
3.0
Salary & Benefits
3.7
Career Opportunities
3.2
Source