PERFORMANCE FOOD GROUP CO (PFGC) Stock Fundamental Analysis
NYSE:PFGC - New York Stock Exchange, Inc. - US71377A1034 - Common Stock - Currency: USD
Taking everything into account, PFGC scores 3 out of 10 in our fundamental rating. PFGC was compared to 40 industry peers in the Consumer Staples Distribution & Retail industry. PFGC has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, PFGC is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
PFGC had positive earnings in the past year.
In the past year PFGC had a positive cash flow from operations.
Of the past 5 years PFGC 4 years were profitable.
In the past 5 years PFGC always reported a positive cash flow from operatings.
1.2 Ratios
PFGC has a Return On Assets (2.19%) which is comparable to the rest of the industry.
PFGC has a Return On Equity (8.65%) which is in line with its industry peers.
PFGC has a Return On Invested Capital of 4.69%. This is in the lower half of the industry: PFGC underperforms 60.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PFGC is below the industry average of 8.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.19% | ||
| ROE | 8.65% | ||
| ROIC | 4.69% |
ROA(3y)2.45%
ROA(5y)1.28%
ROE(3y)8.19%
ROE(5y)4.17%
ROIC(3y)5.08%
ROIC(5y)N/A
1.3 Margins
PFGC has a Profit Margin of 0.61%. This is comparable to the rest of the industry: PFGC outperforms 42.50% of its industry peers.
PFGC's Profit Margin has declined in the last couple of years.
PFGC has a Operating Margin of 1.35%. This is in the lower half of the industry: PFGC underperforms 60.00% of its industry peers.
In the last couple of years the Operating Margin of PFGC has remained more or less at the same level.
PFGC's Gross Margin of 11.64% is on the low side compared to the rest of the industry. PFGC is outperformed by 87.50% of its industry peers.
In the last couple of years the Gross Margin of PFGC has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.35% | ||
| PM (TTM) | 0.61% | ||
| GM | 11.64% |
OM growth 3Y21.55%
OM growth 5Y-0.22%
PM growth 3Y77%
PM growth 5Y-2.43%
GM growth 3Y-1.25%
GM growth 5Y-2.38%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PFGC is destroying value.
PFGC has less shares outstanding than it did 1 year ago.
PFGC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PFGC has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.70 indicates that PFGC is not in any danger for bankruptcy at the moment.
The Altman-Z score of PFGC (4.70) is better than 67.50% of its industry peers.
The Debt to FCF ratio of PFGC is 12.13, which is on the high side as it means it would take PFGC, 12.13 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 12.13, PFGC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
A Debt/Equity ratio of 1.49 is on the high side and indicates that PFGC has dependencies on debt financing.
PFGC has a Debt to Equity ratio of 1.49. This is in the lower half of the industry: PFGC underperforms 77.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 12.13 | ||
| Altman-Z | 4.7 |
ROIC/WACC0.59
WACC7.89%
2.3 Liquidity
PFGC has a Current Ratio of 1.61. This is a normal value and indicates that PFGC is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.61, PFGC is doing good in the industry, outperforming 80.00% of the companies in the same industry.
A Quick Ratio of 0.73 indicates that PFGC may have some problems paying its short term obligations.
PFGC's Quick ratio of 0.73 is in line compared to the rest of the industry. PFGC outperforms 57.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.77% over the past year.
The Earnings Per Share has been growing by 18.37% on average over the past years. This is quite good.
PFGC shows a small growth in Revenue. In the last year, the Revenue has grown by 6.20%.
The Revenue has been growing by 24.17% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)9.77%
EPS 3Y47.13%
EPS 5Y18.37%
EPS Q2Q%-1.25%
Revenue 1Y (TTM)6.2%
Revenue growth 3Y24.23%
Revenue growth 5Y24.17%
Sales Q2Q%10.45%
3.2 Future
Based on estimates for the next years, PFGC will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.18% on average per year.
The Revenue is expected to grow by 2.94% on average over the next years.
EPS Next Y3.86%
EPS Next 2Y11.49%
EPS Next 3Y15.15%
EPS Next 5Y14.18%
Revenue Next Year8.37%
Revenue Next 2Y7.14%
Revenue Next 3Y6.65%
Revenue Next 5Y2.94%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.97, the valuation of PFGC can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of PFGC is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.15. PFGC is valued slightly cheaper when compared to this.
PFGC is valuated correctly with a Price/Forward Earnings ratio of 16.36.
PFGC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PFGC is cheaper than 72.50% of the companies in the same industry.
PFGC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.60.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.97 | ||
| Fwd PE | 16.36 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PFGC.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PFGC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.85 | ||
| EV/EBITDA | 13.57 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PFGC does not grow enough to justify the current Price/Earnings ratio.
PFGC's earnings are expected to grow with 15.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.17
PEG (5Y)1.09
EPS Next 2Y11.49%
EPS Next 3Y15.15%
5. Dividend
5.1 Amount
PFGC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
87.47
0 (0%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners102.33%
Inst Owner Change3%
Ins Owners2%
Ins Owner Change-0.68%
Market Cap13.65B
Analysts78.26
Price Target105.01 (20.05%)
Short Float %2.8%
Short Ratio3.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.77%
Min EPS beat(2)-10.98%
Max EPS beat(2)-8.56%
EPS beat(4)1
Avg EPS beat(4)-5.52%
Min EPS beat(4)-10.98%
Max EPS beat(4)3.93%
EPS beat(8)2
Avg EPS beat(8)-4.04%
EPS beat(12)6
Avg EPS beat(12)2.04%
EPS beat(16)9
Avg EPS beat(16)2.18%
Revenue beat(2)0
Avg Revenue beat(2)-1.83%
Min Revenue beat(2)-2.57%
Max Revenue beat(2)-1.1%
Revenue beat(4)0
Avg Revenue beat(4)-1.85%
Min Revenue beat(4)-2.57%
Max Revenue beat(4)-1.1%
Revenue beat(8)0
Avg Revenue beat(8)-2.34%
Revenue beat(12)1
Avg Revenue beat(12)-2.1%
Revenue beat(16)3
Avg Revenue beat(16)-1.27%
PT rev (1m)3.44%
PT rev (3m)1.68%
EPS NQ rev (1m)0.22%
EPS NQ rev (3m)-6.12%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-4.03%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)0.09%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.97 | ||
| Fwd PE | 16.36 | ||
| P/S | 0.22 | ||
| P/FCF | 24.85 | ||
| P/OCF | 13.21 | ||
| P/B | 3.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.57 |
EPS(TTM)4.38
EY5.01%
EPS(NY)5.35
Fwd EY6.11%
FCF(TTM)3.52
FCFY4.02%
OCF(TTM)6.62
OCFY7.57%
SpS394.32
BVpS27.79
TBVpS-5.54
PEG (NY)5.17
PEG (5Y)1.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.19% | ||
| ROE | 8.65% | ||
| ROCE | 6.43% | ||
| ROIC | 4.69% | ||
| ROICexc | 4.69% | ||
| ROICexgc | 7.87% | ||
| OM | 1.35% | ||
| PM (TTM) | 0.61% | ||
| GM | 11.64% | ||
| FCFM | 0.89% |
ROA(3y)2.45%
ROA(5y)1.28%
ROE(3y)8.19%
ROE(5y)4.17%
ROIC(3y)5.08%
ROIC(5y)N/A
ROICexc(3y)5.09%
ROICexc(5y)N/A
ROICexgc(3y)8.07%
ROICexgc(5y)N/A
ROCE(3y)6.96%
ROCE(5y)N/A
ROICexcg growth 3Y20.42%
ROICexcg growth 5Y-1.47%
ROICexc growth 3Y23.88%
ROICexc growth 5Y-2.24%
OM growth 3Y21.55%
OM growth 5Y-0.22%
PM growth 3Y77%
PM growth 5Y-2.43%
GM growth 3Y-1.25%
GM growth 5Y-2.38%
F-Score5
Asset Turnover3.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 12.13 | ||
| Debt/EBITDA | 4.31 | ||
| Cap/Depr | 72.54% | ||
| Cap/Sales | 0.79% | ||
| Interest Coverage | 2.52 | ||
| Cash Conversion | 69.03% | ||
| Profit Quality | 146.46% | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 4.7 |
F-Score5
WACC7.89%
ROIC/WACC0.59
Cap/Depr(3y)57.31%
Cap/Depr(5y)56.96%
Cap/Sales(3y)0.52%
Cap/Sales(5y)0.56%
Profit Quality(3y)123.9%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.77%
EPS 3Y47.13%
EPS 5Y18.37%
EPS Q2Q%-1.25%
EPS Next Y3.86%
EPS Next 2Y11.49%
EPS Next 3Y15.15%
EPS Next 5Y14.18%
Revenue 1Y (TTM)6.2%
Revenue growth 3Y24.23%
Revenue growth 5Y24.17%
Sales Q2Q%10.45%
Revenue Next Year8.37%
Revenue Next 2Y7.14%
Revenue Next 3Y6.65%
Revenue Next 5Y2.94%
EBIT growth 1Y2.86%
EBIT growth 3Y51.01%
EBIT growth 5Y23.9%
EBIT Next Year60.47%
EBIT Next 3Y25.1%
EBIT Next 5Y21.63%
FCF growth 1Y88.7%
FCF growth 3YN/A
FCF growth 5Y33.9%
OCF growth 1Y90.28%
OCF growth 3Y162.09%
OCF growth 5Y29.66%