Financials Performance Food Group Company

Equities

CORE

US71377A1034

Food Retail & Distribution

Market Closed - Nyse Other stock markets 04:00:02 2024-05-08 pm EDT			5-day change	1st Jan Change
69.18 ^USD	-0.16%		+1.10%	+0.04%

May. 08	Performance Food Group's Fiscal Q3 Adjusted Earnings Fall, Net Sales Rise; Fiscal 2024 Revenue Outlook Cut	MT
May. 08	Earnings Flash (PFGC) PERFORMANCE FOOD GROUP COMPANY Posts Q3 Revenue $13.86B, vs. Street Est of $14.19B	MT

Valuation

Fiscal Period: Juli	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,176	3,675	6,451	7,338	9,406	10,781	-	-
Enterprise Value (EV) ¹	5,511	5,827	8,984	11,682	13,404	14,819	14,109	13,256
P/E ratio	25 x	-27.5 x	161 x	64 x	23.7 x	23 x	16.7 x	13.8 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.21 x	0.15 x	0.21 x	0.14 x	0.16 x	0.18 x	0.17 x	0.17 x
EV / Revenue	0.28 x	0.23 x	0.3 x	0.23 x	0.23 x	0.25 x	0.23 x	0.2 x
EV / EBITDA	11.6 x	14.4 x	14.4 x	11.5 x	9.83 x	9.93 x	8.51 x	7.35 x
EV / FCF	30.9 x	12.5 x	-72.3 x	192 x	23.8 x	13.5 x	14.7 x	-
FCF Yield	3.24%	7.99%	-1.38%	0.52%	4.2%	7.41%	6.83%	-
Price to Book	3.17 x	1.56 x	3.03 x	2.2 x	2.48 x	2.59 x	2.23 x	1.91 x
Nbr of stocks (in thousands)	105,185	132,481	133,806	155,002	156,146	155,586	-	-
Reference price ²	39.70	27.74	48.21	47.34	60.24	69.18	69.18	69.18
Announcement Date	8/14/19	8/12/20	8/19/21	8/17/22	8/16/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juli	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	19,744	25,086	30,399	50,894	57,255	58,986	61,900	65,102
EBITDA ¹	475.5	405.5	625.3	1,020	1,363	1,493	1,658	1,803
EBIT ¹	320.5	129.2	286.4	557	866.7	1,137	1,289	1,421
Operating Margin	1.62%	0.52%	0.94%	1.09%	1.51%	1.93%	2.08%	2.18%
Earnings before Tax (EBT) ¹	218.3	-222.2	54.7	167.1	544	621.4	864.7	986.2
Net income ¹	166.8	-114.1	40.7	112.5	397.2	464.8	628.2	758.4
Net margin	0.84%	-0.45%	0.13%	0.22%	0.69%	0.79%	1.01%	1.17%
EPS ²	1.590	-1.010	0.3000	0.7400	2.540	3.010	4.134	5.025
Free Cash Flow ¹	178.3	465.6	-124.2	61	562.4	1,098	963	-
FCF margin	0.9%	1.86%	-0.41%	0.12%	0.98%	1.86%	1.56%	-
FCF Conversion (EBITDA)	37.5%	114.82%	-	5.98%	41.25%	73.56%	58.08%	-
FCF Conversion (Net income)	106.89%	-	-	54.22%	141.59%	236.27%	153.27%	-
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	8/14/19	8/12/20	8/19/21	8/17/22	8/16/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juli	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	10,386	12,839	13,079	14,590	14,719	13,899	13,771	14,865	14,939	14,296	13,858	15,592	15,657	14,972	14,840
EBITDA ¹	183.7	241.1	237.9	357.1	354.7	308.8	314.7	385.2	383.8	345.4	320.7	442.7	424	376.8	372.2
EBIT ¹	85	124.6	113.8	233.6	235.5	183.6	189.9	257.7	254.5	202.1	181.4	353.4	332.8	285.2	279.8
Operating Margin	0.82%	0.97%	0.87%	1.6%	1.6%	1.32%	1.38%	1.73%	1.7%	1.41%	1.31%	2.27%	2.13%	1.91%	1.89%
Earnings before Tax (EBT) ¹	5.5	11.4	34	116.2	129.9	96.2	111.8	206.1	163.3	111.7	96.8	240.3	210.5	165.3	163.8
Net income ¹	4.7	8.4	23.4	76	95.7	71.1	80.3	150.1	120.7	78.3	70.4	174.4	153.7	120.6	119.6
Net margin	0.05%	0.07%	0.18%	0.52%	0.65%	0.51%	0.58%	1.01%	0.81%	0.55%	0.51%	1.12%	0.98%	0.81%	0.81%
EPS ²	0.0300	0.0500	0.1500	0.4900	0.6200	0.4600	0.5100	0.9600	0.7700	0.5100	0.4500	1.134	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/10/21	2/9/22	5/11/22	8/17/22	11/9/22	2/8/23	5/10/23	8/16/23	11/8/23	2/7/24	5/8/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: Juli	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,335	2,152	2,533	4,344	3,997	4,039	3,329	2,476
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.808 x	5.308 x	4.051 x	4.259 x	2.932 x	2.705 x	2.008 x	1.373 x
Free Cash Flow ¹	178	466	-124	61	562	1,098	963	-
ROE (net income / shareholders' equity)	13.7%	-6.9%	1.98%	4.16%	11.3%	15.1%	16.6%	16.7%
ROA (Net income/ Total Assets)	3.86%	-1.84%	0.52%	1.11%	-	5.25%	6.11%	6.85%
Assets ¹	4,327	6,187	7,782	10,111	-	8,854	10,285	11,076
Book Value Per Share ²	12.50	17.80	15.90	21.50	24.20	26.70	31.10	36.20
Cash Flow per Share ²	3.470	-	3.140	5.050	-	7.150	7.740	8.830
Capex ¹	139	158	189	216	270	298	322	355
Capex / Sales	0.7%	0.63%	0.62%	0.42%	0.47%	0.51%	0.52%	0.55%
Announcement Date	8/14/19	8/12/20	8/19/21	8/17/22	8/16/23	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Performance Food Group Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

69.29 USD

Average target price

84.33 USD

Spread / Average Target

+21.71%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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