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 4 out of 10 in our fundamental rating. PFGC was compared to 40 industry peers in the Consumer Staples Distribution & Retail industry. PFGC has a medium profitability rating, but doesn't score so well on its financial health evaluation. PFGC is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PFGC was profitable.
In the past year PFGC had a positive cash flow from operations.
Each year in the past 5 years PFGC has been profitable.
In the past 5 years PFGC always reported a positive cash flow from operatings.
1.2 Ratios
PFGC has a Return On Assets (1.90%) which is in line with its industry peers.
The Return On Equity of PFGC (7.61%) is comparable to the rest of the industry.
PFGC has a worse Return On Invested Capital (4.50%) than 60.00% of its industry peers.
PFGC had an Average Return On Invested Capital over the past 3 years of 5.70%. This is below the industry average of 8.22%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 7.61% | ||
| ROIC | 4.5% |
ROA(3y)2.78%
ROA(5y)1.95%
ROE(3y)9.59%
ROE(5y)6.83%
ROIC(3y)5.7%
ROIC(5y)4.64%
1.3 Margins
PFGC has a Profit Margin (0.54%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of PFGC has grown nicely.
The Operating Margin of PFGC (1.29%) is worse than 60.00% of its industry peers.
PFGC's Operating Margin has improved in the last couple of years.
The Gross Margin of PFGC (11.72%) is worse than 87.50% of its industry peers.
PFGC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.29% | ||
| PM (TTM) | 0.54% | ||
| GM | 11.72% |
OM growth 3Y26.14%
OM growth 5YN/A
PM growth 3Y34.27%
PM growth 5YN/A
GM growth 3Y4.3%
GM growth 5Y0.49%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PFGC is destroying value.
The number of shares outstanding for PFGC has been increased compared to 1 year ago.
PFGC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PFGC has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.70 indicates that PFGC is not in any danger for bankruptcy at the moment.
PFGC has a Altman-Z score of 4.70. This is in the better half of the industry: PFGC outperforms 67.50% of its industry peers.
The Debt to FCF ratio of PFGC is 9.93, which is on the high side as it means it would take PFGC, 9.93 years of fcf income to pay off all of its debts.
PFGC has a Debt to FCF ratio (9.93) which is comparable to the rest of the industry.
PFGC has a Debt/Equity ratio of 1.51. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of PFGC (1.51) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 9.93 | ||
| Altman-Z | 4.7 |
ROIC/WACC0.57
WACC7.82%
2.3 Liquidity
A Current Ratio of 1.58 indicates that PFGC should not have too much problems paying its short term obligations.
PFGC has a Current ratio of 1.58. This is in the better half of the industry: PFGC outperforms 80.00% of its industry peers.
A Quick Ratio of 0.72 indicates that PFGC may have some problems paying its short term obligations.
The Quick ratio of PFGC (0.72) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
PFGC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.19%.
PFGC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 41.14% yearly.
Looking at the last year, PFGC shows a quite strong growth in Revenue. The Revenue has grown by 8.61% in the last year.
The Revenue has been growing by 20.34% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)4.19%
EPS 3Y20.19%
EPS 5Y41.14%
EPS Q2Q%6.9%
Revenue 1Y (TTM)8.61%
Revenue growth 3Y7.54%
Revenue growth 5Y20.34%
Sales Q2Q%11.52%
3.2 Future
PFGC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.33% yearly.
Based on estimates for the next years, PFGC will show a small growth in Revenue. The Revenue will grow by 1.70% on average per year.
EPS Next Y19.41%
EPS Next 2Y21.12%
EPS Next 3Y19.33%
EPS Next 5YN/A
Revenue Next Year5.94%
Revenue Next 2Y5.8%
Revenue Next 3Y5.71%
Revenue Next 5Y1.7%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
The Price/Earnings ratio is 22.56, which indicates a rather expensive current valuation of PFGC.
PFGC's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.86, PFGC is valued at the same level.
With a Price/Forward Earnings ratio of 18.90, PFGC is valued on the expensive side.
Based on the Price/Forward Earnings ratio, PFGC is valued a bit cheaper than 65.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.94, PFGC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.56 | ||
| Fwd PE | 18.9 |
4.2 Price Multiples
60.00% of the companies in the same industry are cheaper than PFGC, based on the Enterprise Value to EBITDA ratio.
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 | 22.47 | ||
| EV/EBITDA | 14.82 |
4.3 Compensation for Growth
PFGC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PFGC's earnings are expected to grow with 19.33% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.16
PEG (5Y)0.55
EPS Next 2Y21.12%
EPS Next 3Y19.33%
5. Dividend
5.1 Amount
No dividends for PFGC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
101.09
+1.77 (+1.78%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners102.03%
Inst Owner Change1.08%
Ins Owners2%
Ins Owner Change-0.69%
Market Cap15.82B
Analysts79.13
Price Target107.73 (6.57%)
Short Float %3.44%
Short Ratio3.29
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)1
Avg EPS beat(2)-3.13%
Min EPS beat(2)-10.98%
Max EPS beat(2)4.72%
EPS beat(4)1
Avg EPS beat(4)-5.32%
Min EPS beat(4)-10.98%
Max EPS beat(4)4.72%
EPS beat(8)3
Avg EPS beat(8)-3.17%
EPS beat(12)6
Avg EPS beat(12)2.33%
EPS beat(16)9
Avg EPS beat(16)2.46%
Revenue beat(2)0
Avg Revenue beat(2)-2.04%
Min Revenue beat(2)-2.57%
Max Revenue beat(2)-1.5%
Revenue beat(4)0
Avg Revenue beat(4)-1.61%
Min Revenue beat(4)-2.57%
Max Revenue beat(4)-1.1%
Revenue beat(8)0
Avg Revenue beat(8)-2.11%
Revenue beat(12)1
Avg Revenue beat(12)-2.08%
Revenue beat(16)2
Avg Revenue beat(16)-1.87%
PT rev (1m)2.59%
PT rev (3m)6.12%
EPS NQ rev (1m)0.43%
EPS NQ rev (3m)0.46%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.56 | ||
| Fwd PE | 18.9 | ||
| P/S | 0.25 | ||
| P/FCF | 22.47 | ||
| P/OCF | 13.08 | ||
| P/B | 3.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.82 |
EPS(TTM)4.48
EY4.43%
EPS(NY)5.35
Fwd EY5.29%
FCF(TTM)4.5
FCFY4.45%
OCF(TTM)7.73
OCFY7.65%
SpS404.41
BVpS28.57
TBVpS-4.45
PEG (NY)1.16
PEG (5Y)0.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 7.61% | ||
| ROCE | 6.11% | ||
| ROIC | 4.5% | ||
| ROICexc | 4.52% | ||
| ROICexgc | 7.4% | ||
| OM | 1.29% | ||
| PM (TTM) | 0.54% | ||
| GM | 11.72% | ||
| FCFM | 1.11% |
ROA(3y)2.78%
ROA(5y)1.95%
ROE(3y)9.59%
ROE(5y)6.83%
ROIC(3y)5.7%
ROIC(5y)4.64%
ROICexc(3y)5.72%
ROICexc(5y)4.65%
ROICexgc(3y)9.08%
ROICexgc(5y)7.48%
ROCE(3y)7.75%
ROCE(5y)6.3%
ROICexcg growth 3Y17.38%
ROICexcg growth 5YN/A
ROICexc growth 3Y17.95%
ROICexc growth 5YN/A
OM growth 3Y26.14%
OM growth 5YN/A
PM growth 3Y34.27%
PM growth 5YN/A
GM growth 3Y4.3%
GM growth 5Y0.49%
F-Score5
Asset Turnover3.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 9.93 | ||
| Debt/EBITDA | 4.41 | ||
| Cap/Depr | 70.48% | ||
| Cap/Sales | 0.8% | ||
| Interest Coverage | 2.37 | ||
| Cash Conversion | 78.88% | ||
| Profit Quality | 206.97% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 4.7 |
F-Score5
WACC7.82%
ROIC/WACC0.57
Cap/Depr(3y)65.28%
Cap/Depr(5y)59.62%
Cap/Sales(3y)0.65%
Cap/Sales(5y)0.6%
Profit Quality(3y)174.89%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.19%
EPS 3Y20.19%
EPS 5Y41.14%
EPS Q2Q%6.9%
EPS Next Y19.41%
EPS Next 2Y21.12%
EPS Next 3Y19.33%
EPS Next 5YN/A
Revenue 1Y (TTM)8.61%
Revenue growth 3Y7.54%
Revenue growth 5Y20.34%
Sales Q2Q%11.52%
Revenue Next Year5.94%
Revenue Next 2Y5.8%
Revenue Next 3Y5.71%
Revenue Next 5Y1.7%
EBIT growth 1Y-1.2%
EBIT growth 3Y35.65%
EBIT growth 5YN/A
EBIT Next Year52.15%
EBIT Next 3Y23.21%
EBIT Next 5YN/A
FCF growth 1Y-8.25%
FCF growth 3Y126%
FCF growth 5Y8.62%
OCF growth 1Y4.05%
OCF growth 3Y63.57%
OCF growth 5Y14.18%