FLOWERS FOODS INC (FLO) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:FLO • US3434981011

12.005 USD
+0.1 (+0.8%)
Last: Feb 6, 2026, 10:17 AM
Fundamental Rating

5

Overall FLO gets a fundamental rating of 5 out of 10. We evaluated FLO against 87 industry peers in the Food Products industry. While FLO belongs to the best of the industry regarding profitability, there are concerns on its financial health. FLO is valued quite cheap, but it does not seem to be growing. FLO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • FLO had positive earnings in the past year.
  • FLO had a positive operating cash flow in the past year.
  • In the past 5 years FLO has always been profitable.
  • Each year in the past 5 years FLO had a positive operating cash flow.
FLO Yearly Net Income VS EBIT VS OCF VS FCFFLO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.46%, FLO is in the better half of the industry, outperforming 72.41% of the companies in the same industry.
  • FLO has a better Return On Equity (13.66%) than 83.91% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.07%, FLO belongs to the top of the industry, outperforming 81.61% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FLO is significantly below the industry average of 27.76%.
Industry RankSector Rank
ROA 4.46%
ROE 13.66%
ROIC 8.07%
ROA(3y)5.93%
ROA(5y)5.74%
ROE(3y)14.18%
ROE(5y)13.65%
ROIC(3y)9.98%
ROIC(5y)9.92%
FLO Yearly ROA, ROE, ROICFLO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.78%, FLO is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
  • FLO's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 6.94%, FLO is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FLO has grown nicely.
  • Looking at the Gross Margin, with a value of 48.94%, FLO belongs to the top of the industry, outperforming 97.70% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FLO has remained more or less at the same level.
Industry RankSector Rank
OM 6.94%
PM (TTM) 3.78%
GM 48.94%
OM growth 3Y-3.43%
OM growth 5Y4.23%
PM growth 3Y0.7%
PM growth 5Y4.04%
GM growth 3Y-0.18%
GM growth 5Y0.73%
FLO Yearly Profit, Operating, Gross MarginsFLO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FLO is still creating some value.
  • The number of shares outstanding for FLO remains at a similar level compared to 1 year ago.
  • FLO has less shares outstanding than it did 5 years ago.
  • FLO has a better debt/assets ratio than last year.
FLO Yearly Shares OutstandingFLO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FLO Yearly Total Debt VS Total AssetsFLO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • FLO has an Altman-Z score of 2.22. This is not the best score and indicates that FLO is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of FLO (2.22) is comparable to the rest of the industry.
  • The Debt to FCF ratio of FLO is 5.50, which is a neutral value as it means it would take FLO, 5.50 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.50, FLO is in the better half of the industry, outperforming 73.56% of the companies in the same industry.
  • FLO has a Debt/Equity ratio of 0.98. This is a neutral value indicating FLO is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.98, FLO is not doing good in the industry: 70.11% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 5.5
Altman-Z 2.22
ROIC/WACC1.14
WACC7.07%
FLO Yearly LT Debt VS Equity VS FCFFLO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.3 Liquidity

  • A Current Ratio of 0.79 indicates that FLO may have some problems paying its short term obligations.
  • The Current ratio of FLO (0.79) is worse than 82.76% of its industry peers.
  • FLO has a Quick Ratio of 0.79. This is a bad value and indicates that FLO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FLO's Quick ratio of 0.47 is on the low side compared to the rest of the industry. FLO is outperformed by 75.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.47
FLO Yearly Current Assets VS Current LiabilitesFLO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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2

3. Growth

3.1 Past

  • FLO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.70%.
  • FLO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.70% yearly.
  • The Revenue has been growing slightly by 0.26% in the past year.
  • FLO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.35% yearly.
EPS 1Y (TTM)-12.7%
EPS 3Y1.34%
EPS 5Y5.7%
EPS Q2Q%-30.3%
Revenue 1Y (TTM)0.26%
Revenue growth 3Y5.63%
Revenue growth 5Y4.35%
Sales Q2Q%3.02%

3.2 Future

  • Based on estimates for the next years, FLO will show a decrease in Earnings Per Share. The EPS will decrease by -3.39% on average per year.
  • The Revenue is expected to grow by 0.93% on average over the next years.
EPS Next Y-18.46%
EPS Next 2Y-11.86%
EPS Next 3Y-6.98%
EPS Next 5Y-3.39%
Revenue Next Year2.59%
Revenue Next 2Y0.78%
Revenue Next 3Y0.66%
Revenue Next 5Y0.93%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FLO Yearly Revenue VS EstimatesFLO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B 5B
FLO Yearly EPS VS EstimatesFLO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.2 0.4 0.6 0.8 1

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7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.91, the valuation of FLO can be described as reasonable.
  • FLO's Price/Earnings ratio is rather cheap when compared to the industry. FLO is cheaper than 82.76% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FLO to the average of the S&P500 Index (27.67), we can say FLO is valued rather cheaply.
  • The Price/Forward Earnings ratio is 12.07, which indicates a correct valuation of FLO.
  • FLO's Price/Forward Earnings ratio is rather cheap when compared to the industry. FLO is cheaper than 83.91% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, FLO is valued rather cheaply.
Industry RankSector Rank
PE 10.91
Fwd PE 12.07
FLO Price Earnings VS Forward Price EarningsFLO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FLO is valued a bit cheaper than 68.97% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, FLO is valued cheaply inside the industry as 90.80% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.79
EV/EBITDA 8.19
FLO Per share dataFLO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • FLO has a very decent profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as FLO's earnings are expected to decrease with -6.98% in the coming years.
PEG (NY)N/A
PEG (5Y)1.91
EPS Next 2Y-11.86%
EPS Next 3Y-6.98%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.94%, FLO is a good candidate for dividend investing.
  • FLO's Dividend Yield is rather good when compared to the industry average which is at 2.33. FLO pays more dividend than 96.55% of the companies in the same industry.
  • FLO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 8.94%

5.2 History

  • The dividend of FLO is nicely growing with an annual growth rate of 7.46%!
  • FLO has paid a dividend for at least 10 years, which is a reliable track record.
  • FLO has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.46%
Div Incr Years22
Div Non Decr Years22
FLO Yearly Dividends per shareFLO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 106.99% of the earnings are spent on dividend by FLO. This is not a sustainable payout ratio.
  • The Dividend Rate of FLO has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP106.99%
EPS Next 2Y-11.86%
EPS Next 3Y-6.98%
FLO Yearly Income VS Free CF VS DividendFLO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
FLO Dividend Payout.FLO Dividend Payout, showing the Payout Ratio.FLO Dividend Payout.PayoutRetained Earnings

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FLOWERS FOODS INC

NYSE:FLO (2/6/2026, 10:17:09 AM)

12.005

+0.1 (+0.8%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)11-06
Earnings (Next)02-12
Inst Owners84.57%
Inst Owner Change-2.4%
Ins Owners2.08%
Ins Owner Change4.36%
Market Cap2.54B
Revenue(TTM)5.13B
Net Income(TTM)194.02M
Analysts51.43
Price Target14.03 (16.87%)
Short Float %11.24%
Short Ratio5.28
Dividend
Industry RankSector Rank
Dividend Yield 8.94%
Yearly Dividend0.96
Dividend Growth(5Y)7.46%
DP106.99%
Div Incr Years22
Div Non Decr Years22
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.05%
Min EPS beat(2)-0.34%
Max EPS beat(2)0.45%
EPS beat(4)2
Avg EPS beat(4)-0.67%
Min EPS beat(4)-7.75%
Max EPS beat(4)4.97%
EPS beat(8)4
Avg EPS beat(8)0.01%
EPS beat(12)6
Avg EPS beat(12)1.28%
EPS beat(16)9
Avg EPS beat(16)2.31%
Revenue beat(2)0
Avg Revenue beat(2)-2.04%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)-1.32%
Revenue beat(4)0
Avg Revenue beat(4)-2.64%
Min Revenue beat(4)-3.76%
Max Revenue beat(4)-1.32%
Revenue beat(8)0
Avg Revenue beat(8)-2.09%
Revenue beat(12)1
Avg Revenue beat(12)-1.85%
Revenue beat(16)3
Avg Revenue beat(16)-1.43%
PT rev (1m)0%
PT rev (3m)-14.06%
EPS NQ rev (1m)-0.3%
EPS NQ rev (3m)-12.15%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)-2.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.23%
Valuation
Industry RankSector Rank
PE 10.91
Fwd PE 12.07
P/S 0.49
P/FCF 7.79
P/OCF 5.62
P/B 1.78
P/tB N/A
EV/EBITDA 8.19
EPS(TTM)1.1
EY9.16%
EPS(NY)0.99
Fwd EY8.28%
FCF(TTM)1.54
FCFY12.83%
OCF(TTM)2.14
OCFY17.79%
SpS24.31
BVpS6.73
TBVpS-3.58
PEG (NY)N/A
PEG (5Y)1.91
Graham Number12.9
Profitability
Industry RankSector Rank
ROA 4.46%
ROE 13.66%
ROCE 10.51%
ROIC 8.07%
ROICexc 8.11%
ROICexgc 22.75%
OM 6.94%
PM (TTM) 3.78%
GM 48.94%
FCFM 6.34%
ROA(3y)5.93%
ROA(5y)5.74%
ROE(3y)14.18%
ROE(5y)13.65%
ROIC(3y)9.98%
ROIC(5y)9.92%
ROICexc(3y)10.22%
ROICexc(5y)10.45%
ROICexgc(3y)19.22%
ROICexgc(5y)20.02%
ROCE(3y)13.04%
ROCE(5y)12.97%
ROICexgc growth 3Y-3.32%
ROICexgc growth 5Y5.84%
ROICexc growth 3Y-1.65%
ROICexc growth 5Y7.13%
OM growth 3Y-3.43%
OM growth 5Y4.23%
PM growth 3Y0.7%
PM growth 5Y4.04%
GM growth 3Y-0.18%
GM growth 5Y0.73%
F-Score4
Asset Turnover1.18
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 5.5
Debt/EBITDA 2.66
Cap/Depr 75.86%
Cap/Sales 2.45%
Interest Coverage 250
Cash Conversion 86.37%
Profit Quality 167.69%
Current Ratio 0.79
Quick Ratio 0.47
Altman-Z 2.22
F-Score4
WACC7.07%
ROIC/WACC1.14
Cap/Depr(3y)95.72%
Cap/Depr(5y)92.68%
Cap/Sales(3y)2.88%
Cap/Sales(5y)2.85%
Profit Quality(3y)125.18%
Profit Quality(5y)141.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.7%
EPS 3Y1.34%
EPS 5Y5.7%
EPS Q2Q%-30.3%
EPS Next Y-18.46%
EPS Next 2Y-11.86%
EPS Next 3Y-6.98%
EPS Next 5Y-3.39%
Revenue 1Y (TTM)0.26%
Revenue growth 3Y5.63%
Revenue growth 5Y4.35%
Sales Q2Q%3.02%
Revenue Next Year2.59%
Revenue Next 2Y0.78%
Revenue Next 3Y0.66%
Revenue Next 5Y0.93%
EBIT growth 1Y-3.26%
EBIT growth 3Y2%
EBIT growth 5Y8.76%
EBIT Next Year39.27%
EBIT Next 3Y11.56%
EBIT Next 5Y7.56%
FCF growth 1Y72.17%
FCF growth 3Y12.24%
FCF growth 5Y1.28%
OCF growth 1Y38.09%
OCF growth 3Y6.19%
OCF growth 5Y2.37%

FLOWERS FOODS INC / FLO FAQ

What is the ChartMill fundamental rating of FLOWERS FOODS INC (FLO) stock?

ChartMill assigns a fundamental rating of 5 / 10 to FLO.


What is the valuation status of FLOWERS FOODS INC (FLO) stock?

ChartMill assigns a valuation rating of 7 / 10 to FLOWERS FOODS INC (FLO). This can be considered as Undervalued.


Can you provide the profitability details for FLOWERS FOODS INC?

FLOWERS FOODS INC (FLO) has a profitability rating of 7 / 10.


What is the valuation of FLOWERS FOODS INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FLOWERS FOODS INC (FLO) is 10.91 and the Price/Book (PB) ratio is 1.78.


What is the financial health of FLOWERS FOODS INC (FLO) stock?

The financial health rating of FLOWERS FOODS INC (FLO) is 3 / 10.