Lifeway Foods

The Lifeway Foods story begins in 1986 with kefir, a milk-based cultured drink that is popular in Eastern Europe and is said to be more nutritional than yogurt. That year, Russian immigrant Michael Smolyansky began manufacturing kefir in his basement to bring the taste of his native country to the U.S. After Michael Smolyansky passed away in 2002, his daughter Julie Smolyansky assumed the role of President, while his son Edward Smolyansky assumed the role of Chief Financial Officer and Treasurer. Today, Lifeway is the country’s leading manufacturer of kefir, with multiple flavors and varieties that include lowfat, whole milk and organic versions as well as a children’s line, and a provider of other probiotic natural and organic dairy products for health-conscious consumers.

Company Growth (employees)
Type
Public
HQ
Morton Grove, US
Founded
1986
Size (employees)
320 (est)-13%
Lifeway Foods was founded in 1986 and is headquartered in Morton Grove, US

Lifeway Foods Office Locations

Lifeway Foods has an office in Morton Grove
Morton Grove, US (HQ)
6431 Oakton St

Lifeway Foods Data and Metrics

Lifeway Foods Financial Metrics

Lifeway Foods's revenue was reported to be $32.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

32.1 m

Gross profit (Q1, 2017)

9 m

Gross profit margin (Q1, 2017), %

28%

Net income (Q1, 2017)

124 k

EBIT (Q1, 2017)

266 k

Market capitalization (22-Aug-2017)

149.6 m

Cash (31-Mar-2017)

9.8 m
Lifeway Foods's current market capitalization is $149.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

97.5 m119 m118.6 m123.9 m

Revenue growth, %

22%(0%)4%

Cost of goods sold

87.6 m84.6 m86.5 m

Gross profit

31.4 m34 m37.4 m

Gross profit Margin, %

26%29%30%

Sales and marketing expense

14.5 m12.8 m14.5 m

General and administrative expense

9.4 m13.7 m13.8 m

Operating expense total

23.9 m26.5 m28.3 m

EBIT

8 m4.2 m4.4 m6.1 m

EBIT margin, %

8%4%4%5%

Interest expense

276.9 k236 k220 k

Pre tax profit

4.2 m4 m5.6 m

Income tax expense

2.2 m2 m2.2 m

Net Income

5 m2 m2 m3.5 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

29.6 m29.8 m29.6 m32.6 m31.1 m30 m32.1 m

Cost of goods sold

20.6 m22.2 m19.9 m23.4 m20.3 m21.5 m23.1 m

Gross profit

9 m7.6 m9.7 m9.2 m10.8 m8.5 m9 m

Gross profit Margin, %

30%26%33%28%35%28%28%

Sales and marketing expense

4.2 m2.6 m2.7 m2.9 m3.5 m4.3 m

General and administrative expense

2.6 m4.2 m4.1 m4.4 m3.5 m3.3 m

Operating expense total

6.8 m6.8 m6.8 m7.3 m7 m7.6 m

EBIT

1.4 m49.1 k2.1 m1.1 m3 m189 k266 k

EBIT margin, %

5%0%7%3%10%1%1%

Interest expense

65.3 k58.4 k55.7 k58 k47 k56 k57 k

Pre tax profit

1.3 m218.5 k1.8 m1.1 m2.9 m17 k204 k

Income tax expense

650.5 k119.6 k926.6 k411 k789 k81 k80 k

Net Income

653.7 k752.6 k1.6 m648 k3.1 m3 m124 k
USDY, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

3.2 m1.1 m2.3 m3.3 m3.3 m5.6 m8.8 m

Accounts Receivable

295.3 m134.3 k45 k71.5 m

Inventories

39.8 m5.8 m7.7 m8 m

Current Assets

24.2 m26.8 m28.2 m

PP&E

21.9 m21.4 m21.8 m

Goodwill

14.1 m

Total Assets

63.4 m64.9 m65.9 m

Accounts Payable

72 m5.6 m7.1 m5.7 m

Total Debt

9 m8 m7.1 m

Current Liabilities

8.5 m10.8 m9.4 m

Total Liabilities

17.5 m

Retained Earnings

44.5 m46.5 m50 m

Total Equity

44.7 m45.3 m48.4 m

Debt to Equity Ratio

0.2 x0.2 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

1.4 x1.4 x1.4 x
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

3.8 m5.9 m5 m3.8 m6.1 m9.2 m9.8 m

Accounts Receivable

118.4 k28.8 k37.9 k

Inventories

6.3 m6.3 m6.9 m8.3 m9.3 m9.2 m7.6 m

Current Assets

24.3 m27.1 m26.6 m26.6 m29 m30.4 m30.6 m

PP&E

22.3 m22 m21.6 m21.1 m21.3 m21.6 m22.3 m

Goodwill

14.1 m14.1 m14.1 m

Total Assets

63.8 m66.1 m65.1 m64.2 m66.6 m68.2 m68.6 m

Accounts Payable

4.1 m5.7 m5.2 m7.3 m6.7 m8.8 m8.3 m

Current Liabilities

8.6 m11.3 m9.6 m10 m10.5 m11.9 m12.6 m

Retained Earnings

45.2 m45.3 m46.2 m47.2 m49.6 m49.5 m50.1 m

Total Equity

45.4 m45.5 m46.3 m45.5 m47.7 m47.7 m48.5 m

Financial Leverage

1.4 x1.5 x1.4 x1.4 x1.4 x1.4 x1.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2 m2 m3.5 m

Depreciation and Amortization

3.3 m3.1 m3 m

Accounts Receivable

103.3 k54.9 k537 k292 k

Inventories

6.9 m1.1 m(1.8 m)(579 k)

Accounts Payable

6.7 m(1.1 m)1.6 m(2.7 m)

Cash From Operating Activities

1 m(46.4 k)2.4 m5.1 m

Purchases of PP&E

(3.7 m)(2 m)(3.2 m)

Cash From Investing Activities

(4.3 m)(1.8 m)(360 k)

Dividends Paid

(1.3 m)

Cash From Financing Activities

(877.2 k)(2.6 m)(1.6 m)

Interest Paid

235 k220 k

Income Taxes Paid

2.2 m1.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

653.7 k752.6 k1.6 m648 k3.1 m3 m124 k

Depreciation and Amortization

769.5 k1.6 m2.3 m807 k1.6 m2.3 m754 k

Accounts Receivable

56.7 k26.7 k(32.9 k)(166.8 k)(540.2 k)(584 k)(532 k)(823 k)(2.6 m)

Inventories

6.8 m7.1 m(513.1 k)(475.6 k)(1.1 m)(627 k)(1.6 m)(1.6 m)363 k

Accounts Payable

6.5 m7.3 m(1.5 m)138.5 k(396.2 k)(1.1 m)(1.7 m)370 k2.6 m

Cash From Operating Activities

2.1 m4.7 m4.4 m(1 m)1.9 m4.5 m2.3 m

Purchases of PP&E

(1 m)(1.4 m)(1.6 m)(336 k)(1.4 m)(2.5 m)(1.1 m)

Cash From Investing Activities

(1.3 m)(1.5 m)(1.8 m)(194 k)(285 k)373 k(1 m)

Cash From Financing Activities

(271.2 k)(827.5 k)(650 k)(1.2 m)(1.4 m)(210 k)

Interest Paid

65.1 k124 k177.5 k58 k105 k162 k57 k

Income Taxes Paid

40 k1.1 m1.1 m886 k886 k886 k
USDY, 2017

Revenue/Employee

93.1 k

Financial Leverage

1.4 x

Lifeway Foods Market Value History

Traffic Overview of Lifeway Foods

Lifeway Foods Online and Social Media Presence

Lifeway Foods News and Updates

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