Post Holdings, Inc. (POST): what the price assumes
boothcheck covers Post Holdings, Inc. (POST) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed 2026-06-27.
Generated: 2026-08-10 · Exported: 2026-08-12 · Source: https://boothcheck.com/report/POST
Headline
| Field | Value |
|---|---|
| Ticker | POST |
| Company | Post Holdings, Inc. |
| Current price | $89.22/sh |
| Composition | Cereal and granola 32% / Eggs and egg products 30% / Pet food 19% / Side dishes (including potato products) 9% / Cheese and dairy 2% / Sausage 2% / Nut butters 2% / Protein-based products 1% / Other 2% / Eliminations 0% |
What The Price Assumes (Inversion)
The assumption today's price embeds, recovered by inverting the valuation.
| Field | Value |
|---|---|
| Inversion basis | whole-company |
| Multiple paid | 14x operating income |
The price sits below what even a 5%/yr operating-profit decline would warrant; the inversion reports a bound, not a solved growth path.
Solve inputs: computed at a 6% cost of capital with 4% terminal growth over a 5-year stage (computed at the 6% minimum rate; the CAPM rate 5.3% sits below it).
Reconcile: at the x-ray's 9.3% required return this reads ~4.8%/yr; the models below use their own rates.
How unusual the bet is: within-range
| Reference | Value |
|---|---|
| vs own history | +0.26σ |
| cohort percentile (of 69 peers) | 16 |
| implied end-window share | 0% |
Valuation X-Ray
The price is supported by asset-based and earnings-power and relative-multiple and growth-DCF value. A value/asset-supported name, not a pure growth bet.
How the valuation models price the stock relative to the market price. Price/FV above 1.0 means the market pays more than that lens defends (expensive); at or below 1.0 the lens can defend the price.
| Family | Median price/FV | Models | Reads |
|---|---|---|---|
| Asset | 1.03x | 5 | expensive |
| Earnings | 0.70x | 3 | justifies |
| Relative | 1.18x | 2 | expensive |
| Growth | 0.89x | 2 | justifies |
Families that justify the price: Asset, Earnings, Relative, Growth
The models below discount at their own flat-beta convention rates (cost of equity 9.3%, WACC 3.9%); the inversion above states its own rate.
Per-Model Detail (n=12)
| Model | Family | FV | Price/FV | Applicable | Methodology |
|---|---|---|---|---|---|
| DCF Perpetual Growth | Growth | — | — | no | — |
| DCF Exit Multiple | Growth | $162.16 | 0.55x | yes | Exit EV/EBITDA: 6.0x / 8.0x / 10.0x (bear / base = today's held flat / bull), 5yr |
| Relative Valuation | Relative | — | — | no | P/E 22x (static sector reference · 2026-04), scenarios: 18.4x / 22.0x / 25.6x (bear / base = reference held flat / bull), EV/EBITDA 14x |
| Simple DDM | Growth | — | — | no | — |
| Two-Stage DDM | Growth | — | — | no | — |
| Simple Excess Return | Asset | $80.74 | 1.10x | yes | BV/sh $70.48, ROE (TTM) 10.6%, ke 9.3% |
| Two-Stage Excess Return | Asset | $86.22 | 1.03x | yes | 5yr excess ROE then converge to ke=9.3% |
| Discounted Future Market Cap | Growth | $72.52 | 1.23x | yes | Rev $8.4B, growth 7% (input: historical growth; tapered), Terminal P/S: 0.4x / 0.5x / 0.6x (bear / base = today's held flat / bull, cap 8x) |
| Peter Lynch Fair Value | Relative | $71.64 | 1.25x | yes | EPS $5.97, growth 9% (input: historical EPS growth), PEG=1.34 (Fair) |
| Margin Trajectory | Growth | — | — | no | — |
| Earnings Power Value | Earnings | $127.45 | 0.70x | yes | Normalized EBIT (5y avg op income, one-time charges added back) $0.65B × (1−21%) / WACC 3.9% → EPV (no growth) |
| Residual Income | Asset | $87.25 | 1.02x | yes | BV $70.48 + 5yr PV of (ROE (TTM) 10.6% − Kₑ 9.3%) × BV; BV grows 6.9%/yr |
| Graham Number | Asset | $97.30 | 0.92x | yes | √(22.5 × EPS $5.97 × BVPS $70.48) — Graham's conservative floor |
| EV/EBITDA Relative | Relative | — | — | no | EBITDA $1.42B × sector EV/EBITDA 14.0x |
| FCF Yield | Earnings | $0.01 | 8921.50x | yes | FCF $516.8M / Kₑ 9.3% — zero-growth perpetuity (excluded from median) |
| SBC-Adj FCF Yield | Earnings | $0.01 | 8921.50x | yes | SBC-adj FCF $0.43B (FCF $0.52B − SBC $0.08B) capitalized at Kₑ (excluded from median) |
| Ben Graham Formula | Earnings | $131.62 | 0.68x | yes | EPS $5.97 × (8.5 + 2×8.9%) × (4.4 / 5.3%) |
| ROIC-Justified P/B | Asset | $28.52 | 3.13x | yes | BV $70.48 × (ROIC 1.6% / WACC 3.9%) |
| P/Sales Sector | Relative | — | — | no | Revenue $8.45B × sector P/S 2.0x |
| PEG Fair Value | Relative | $79.72 | 1.12x | yes | EPS $5.97 × (PEG 1.5 × growth 8.9% (input: historical EPS growth)) → PE 13.4x |
| Earnings Yield | Earnings | $64.54 | 1.38x | yes | EPS $5.97 / required return 9.3% (Rf 4.3% + ERP 5.0%) |
| Funds From Operations Multiple | Relative | — | — | no | — |
| Clinical Phase NPV | Growth | — | — | no | — |
| Merton | Asset | — | — | no | — |
| V5 Mechanical | — | — | — | no | — |
Economic-Unit Decomposition (Sum Of The Parts)
One or more material disclosed units has unresolved economics. Unknown/general is not evidence of homogeneity: segment SOTP is primary but incomplete, consolidated cash flow may remain only a secondary cross-check when every unit shares an enterprise basis, and one sector multiple or target margin is withheld.
| Unit | Role | Valuation basis | Revenue | Reported profit | Value evidence | Status |
|---|---|---|---|---|---|---|
| Post Consumer Brands | operating | enterprise | $4.0b | $493.9m operating-income | withheld | unresolved no unit value |
| Weetabix | operating | enterprise | $542.2m | $74.0m operating-income | withheld | unresolved no unit value |
| Foodservice | operating | enterprise | $2.6b | $399.7m operating-income | withheld | unresolved no unit value |
| Refrigerated Retail | operating | enterprise | $953.3m | $88.3m operating-income | withheld | unresolved no unit value |
No total common-equity value is stated. One or more material units lack a supported unit value. The displayed values are an indicative subtotal; consolidated debt and cash cannot be applied to a fraction of the company.
Solvency
| Field | Value |
|---|---|
| Net debt | $7.4b |
| Net debt / NOPAT (after-tax) | 10.99x |
| Net debt / operating income (pre-tax) | 8.68x |
| Interest coverage | 2.1x |
| Share count CAGR (buyback) | -3.4% |
| Burning cash | no |
Bullet Takeaways
- Post is a multi-segment food conglomerate: cereal and granola at roughly a third of sales, eggs and egg products near a third, pet food about a fifth, plus side dishes, cheese, sausage, and nut butters. A single-multiple screen misreads a business that is really a portfolio of separately economic units.
- At $88.47 the price sits below where most valuation frames land, including the asset, earnings-power, and peer-multiple families. The implied bar is so low the price would be warranted even on a modest operating-profit decline.
- The engine is acquisitions plus aggressive buybacks against heavy leverage near 4.5 times EBITDA. Foodservice eggs are carrying the company while Post Consumer Brands volumes fall, so the bet is on capital allocation and stable cash, not organic growth.
Bull Case
What a single valuation multiple misses about Post is that it is not one food company; it is a holding company running several distinct businesses with their own economics. A blended P/E or EV/EBITDA averages a declining branded-cereal franchise with a fast-growing egg and protein foodservice operation and a pet-food unit in transition. The right read is the parts. The foodservice business has been the standout: in fiscal 2025 the company cited "incremental HPAI pricing" and higher volumes lifting egg and side-dish sales (FY2025 10-K), and that strength carried into fiscal 2026, where Foodservice drove segment profit growth on volume in eggs and protein-based shakes. That is a real, value-added business hiding inside a name the market still files under cereal.
The second thing the numbers understate is the cash engine. Post throws off enough free cash to fund a relentless acquisition-and-buyback flywheel. In the second quarter of fiscal 2026 net sales rose 4.7% to about $2.04 billion, net earnings rose 30.8% to $81.9 million, diluted EPS reached $1.56, and adjusted EBITDA grew 14% to $395 million, helped by acquisitions including 8th Avenue and the steady Weetabix business, which the filing shows at $542.2 million of net sales (FY2025 10-K). Management affirmed full-year adjusted EBITDA guidance of $1.55 billion to $1.58 billion and approved a new $600 million buyback. The share count has been shrinking at roughly 3% to 4% a year, which compounds per-share value even when organic volume is flat.
On valuation, the price is doing the opposite of what a growth name does. At $88.47 the market is paying only about 13 times company-wide operating income, a multiple so low the price sits below what even a modest operating-profit decline would warrant. Asset-based, earnings-power, peer-multiple, and growth-DCF frames all support or exceed the quote. This is a value-and-asset-supported name where the bet is that management keeps buying cash-generative businesses cheaply and retiring its own stock, not that the cereal aisle reaccelerates.
Bear Case
The most honest read comes from the methods that disagree the least with the cash, and they are flashing the same thing: this is a low-organic-growth business carrying a lot of debt. The free-cash-flow methods land near zero relative to the price because the cash is consumed by interest and acquisitions, and the earnings-power frame puts fair value right at the current quote, not above it. The conservative methods are likely the more honest read here precisely because the optimistic peer comparisons assume a re-rating that a shrinking branded portfolio may not earn. The core problem is structural: Post Consumer Brands, the largest segment, is in volume decline. The filing shows its fiscal 2025 segment profit falling 9% to $493.9 million on a roughly 12% margin (FY2025 10-K), and the second quarter of fiscal 2026 carried a 10% volume decline excluding 8th Avenue, including a 14.1% drop in pet food and a 3.5% drop in cereal and granola.
The leverage is the second weight. Net debt is roughly $7.4 billion against about $0.85 billion of trailing operating income, net leverage is around 4.5 times EBITDA, and interest coverage is only about 2.1 times. That balance sheet is the cost of the acquisition strategy, and it leaves little room if a segment stumbles or rates stay high. The buyback that drives per-share value is itself funded against that leverage, so the flywheel that looks elegant in a stable environment becomes fragile in a downturn.
The earnings quality is the third caution. A meaningful slice of recent profit comes from elevated egg pricing tied to avian flu, which is a windfall, not a durable margin. When flock supply normalizes, that pricing reverses, and the foodservice strength that is masking the consumer-brands weakness fades with it. Add a CEO transition announced alongside the new buyback, and the bear case is straightforward: a debt-heavy holding company leaning on a cyclical egg tailwind and financial engineering to offset secular decline in its branded core. If the egg cycle turns before the buybacks compound, the conservative methods that price the stock near $72 to $89 (June 27, 2026) are the ones that prove right.
Valuation
Post is unusual in that nearly every valuation family supports the price rather than fighting it. The asset-based, earnings-power, peer-multiple, and growth-DCF frames all land at or above the $88.47 quote, which is why the model reads it as a value and asset-supported name rather than a growth bet. The earnings-power method landing right at the price is the anchor: it says the current quote is roughly what the business is worth on its sustainable earnings, with the peer comparisons supplying the optionality.
Inverting the price into the assumption it embeds, the market is paying only about 13 times company-wide operating income, a multiple so low that the price would be warranted even if operating profit declined modestly from here. That is a bound, not a solved growth rate: the price is not demanding growth, it is pricing in slow decline. Against the company's own history the implied pace is within range. So the downside is partly cushioned by how little the price assumes.
The honest conclusion is that Post is cheap on most frames and supported by real assets and cash, but the cheapness reflects a low-growth, high-leverage profile and an earnings base inflated by cyclical egg pricing. The upside case rests on management continuing to allocate capital well, buying cash-generative businesses and retiring shares, rather than on any segment reaccelerating. There is no dividend; the return comes through the buyback and any multiple re-rating.
Catalysts
The near-term catalysts are the buyback cadence and the foodservice egg cycle. The board approved a new two-year $600 million repurchase authorization effective May 9, 2026, replacing a $500 million program that was largely used, and the company had already bought back about 5.5 million shares for more than $550 million through early February. With the share count falling roughly 3% to 4% a year, the pace of repurchase is a direct lever on per-share value. The offsetting variable is egg pricing: foodservice profit has been lifted by avian-flu-driven pricing, and a normalization of flock supply would reverse that tailwind.
On results, second-quarter fiscal 2026 net sales rose 4.7% to about $2.04 billion, net earnings rose 30.8% to $81.9 million, diluted EPS was $1.56, and adjusted EBITDA grew 14% to $395 million, driven by foodservice and acquisitions. Management affirmed full-year adjusted EBITDA guidance of $1.55 billion to $1.58 billion. The drag was Post Consumer Brands, with a 10% volume decline excluding the 8th Avenue acquisition, including a 14.1% drop in pet food and a 3.5% decline in cereal and granola.
The structural items to watch are the CEO transition announced with the new buyback, continued acquisitions as the company deploys its cash flywheel, and the debt load near 4.5 times EBITDA. Analyst sentiment leans Buy, with price targets clustered in the $110s to $120s, well above the current quote, on the view that buybacks and stable cash should drive value over time even with soft organic volumes.
Sources:
- https://www.prnewswire.com/news-releases/post-holdings-reports-results-for-the-second-quarter-of-fiscal-year-2026-affirms-fiscal-year-2026-outlook-302766094.html
- https://www.stocktitan.net/sec-filings/POST/8-k-post-holdings-inc-reports-material-event-e523a1d971cf.html
- https://www.tipranks.com/news/company-announcements/post-holdings-boosts-buybacks-amid-raised-2026-outlook
- https://finance.yahoo.com/markets/stocks/articles/post-holdings-inc-q2-2026-123000230.html
- https://public.com/stocks/post/forecast-price-target
Peer Cohorts (Per Segment, With Filing Citations)
Post Consumer Brands (reported)
- GIS (GENERAL MILLS INC)
- FY2025 10-K: …of net sales of our North America Retail segment. No other customer accounted for 10 percent or more of our consolidated net sales. For further information on significant customers, please refer to Note 8 to the Consolidated Financial Statements in Item 8 of this report. Competition The human and pet food categories…
- FY2025 10-K: 9; wholesome natural pet food; ● refrigerated and frozen dough; ● baking mixes and ingredients; ● yogurt; and ● super-premium ice cream. Our Cereal Partners Worldwide (CPW) joint venture with Nestlé S.A. (Nestlé) competes in the ready-to-eat cereal category in markets outside North America, and our Häagen-Dazs Japan,…
- KHC (Kraft Heinz Co)
- FY2025 10-K: …market share. Our Protect role contains platforms that are expected to have moderate growth potential, tend to generate higher gross margins, and are in markets in which we have higher market share. Our Balance role contains platforms that include commodity-heavy categories with relatively flat growth potential but…
- FY2025 10-K: …our Lunchables, Claussen, and Wattie's brands. We utilized the relief from royalty method under the income approach to estimate the fair values and recorded non-cash impairment losses of $ 560 million in our North America segment and $ 33 million in our International Developed Markets segment, consistent with…
- CAG (CONAGRA BRANDS, INC.)
- FY2025 10-K: …including manufacturing facilities, within each reporting segment, are described in Item 2, Properties . Reporting Segments Our reporting segments are as follows: Grocery & Snacks The Grocery & Snacks reporting segment principally includes branded, shelf-stable food products sold in various retail channels in the…
- FY2025 10-K: …including retail channel preferences, and consumer price sensitivity continue to contribute to increased competition. Our 12 Table of Contents principal competitors have substantial financial, marketing, and other resources. Increased competition can reduce our sales due to loss of market share or the need to reduce…
- SJM (THE J. M. SMUCKER COMPANY)
- FY2025 10-K: …in the categories in which we compete, appealing to different consumer segments. We closely monitor the price gap, or price premium, between our brands and private label brands, with the view that value is about more than price and the expectation that number one brands will continue to be an integral part of…
- FY2025 10-K: …$65.0 in 2025 and 2024, respectively, which were included in the Sweet Baked Snacks segment. On January 2, 2024, we sold the Canada condiment business to TreeHouse Foods, Inc. ("TreeHouse Foods"). The transaction included Bick's ® pickles, Habitant ® pickled beets, Woodman's ® horseradish, and McLarens ® pickled…
- CPB (THE CAMPBELL'S COMPANY)
- FY2025 10-K: …distribution model that uses independent contractor distributors. Our five largest customers accounted for approximately 47 % of our consolidated net sales in 2025, 2024, and 2023. Our largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for approximately 21 % of our consolidated net sales in 2025…
- FY2025 10-K: …has helped to foster closer collaboration and enhance decision-making, thereby improving our ability to execute on our business strategy. • Best Portfolio : We believe in delivering for our consumers through consumer-focused marketing efforts and increased leadership brand support. We have created a Growth Office to…
- FLO (FLOWERS FOODS, INC)
- FY2025 10-K: …Flowers, she served as vice president of human resources for the Refrigeration segment of Carrier Corporation, the leading global provider of healthy, safe, sustainable, and intelligent building and cold chain solutions ("Carrier"), since July 2017. During her 27-year tenure with Carrier and Pratt & Whitney, she held…
- FY2025 10-K: …occurs after the products are delivered to the customer. Revenue is recognized at a point in time when control transfers. The company pays commissions to brokers who obtain contracts with customers. Commissions are paid on the total value of the contract, which is determined at contract inception and is based on…
- HRL (HORMEL FOODS CORPORATION)
- FY2025 10-K: 2025. Walmart is a customer for the Company's Retail and International segments. The Company's top five customers collectively represented approximately 38 percent of consolidated gross sales less returns and allowances during fiscal 2025. The loss of one or more of the top customers in any of the reportable segments…
- FY2025 10-K: …the Company's advertising and marketing programs, and consumer perceptions, including those related to food trends such as sustainability of product sources and animal welfare. The Company's failure to compete successfully on any of these or other factors could lead to, among other things, reduced demand for the…
Weetabix (reported)
- GIS (GENERAL MILLS INC)
- FY2025 10-K: …to drive increased productivity by enhancing end- to-end business processes, enabled by targeted organizational actions, and as a result, we recorded $70 million of charges in fiscal 2025. We also recorded $8 million of restructuring charges in fiscal 2025 related to actions previously announced. In fiscal 2024, we…
- FY2025 10-K: …• Cedar Rapids, Iowa • Albuquerque, New Mexico • Milwaukee, Wisconsin • Irapuato, Mexico • Buffalo, New York International • Rooty Hill, Australia • Sanhe, China • Nashik, India • Campo Novo do Pareceis, Brazil • Shanghai, China • San Adrian, Spain • Pouso Alegre, Brazil • Arras, France • Guangzhou, China • Labatut,…
- CAG (CONAGRA BRANDS, INC.)
- FY2025 10-K: …("TSA") with Hometown Food Company, under which the Company will provide certain services to help facilitate an orderly transition of the businesses following the sale. In return for these services, Hometown Food Company is required to pay certain agreed upon fees that are designed to reimburse the Company for…
- FY2025 10-K: …2024-05-27 2025-05-25 0000023217 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2023-05-29 2024-05-26 0000023217 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2025-05-25 0000023217 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2024-05-26 0000023217…
- SJM (THE J. M. SMUCKER COMPANY)
- FY2025 10-K: …sjm:PetSnacksMember sjm:U.S.RetailPetFoodsMember 2022-05-01 2023-04-30 0000091419 us-gaap:OperatingSegmentsMember sjm:FrozenHandheldMember sjm:U.S.RetailFrozenHandheldAndSpreadsMember 2024-05-01 2025-04-30 0000091419 us-gaap:OperatingSegmentsMember sjm:FrozenHandheldMember sjm:U.S.RetailFrozenHandheldAndSpreadsMember…
- FY2025 10-K: …us-gaap:AllOtherSegmentsMember 2024-05-01 2025-04-30 0000091419 us-gaap:OperatingSegmentsMember sjm:PortionControlMember us-gaap:AllOtherSegmentsMember 2023-05-01 2024-04-30 0000091419 us-gaap:OperatingSegmentsMember sjm:PortionControlMember us-gaap:AllOtherSegmentsMember 2022-05-01 2023-04-30 0000091419…
- CPB (THE CAMPBELL'S COMPANY)
- FY2025 10-K: …2022-08-01 2023-07-30 0000016732 country:US srt:MinimumMember us-gaap:GeographicConcentrationRiskMember us-gaap:SalesRevenueNetMember 2023-07-31 2024-07-28 0000016732 country:US srt:MinimumMember us-gaap:GeographicConcentrationRiskMember us-gaap:SalesRevenueNetMember 2024-07-29 2025-08-03 0000016732…
- FY2025 10-K: …2023-07-31 2024-07-28 0000016732 us-gaap:PensionPlansDefinedBenefitMember 2022-08-01 2023-07-30 0000016732 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2024-07-29 2025-08-03 0000016732 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2023-07-31 2024-07-28 0000016732…
- FLO (FLOWERS FOODS, INC)
- FY2025 10-K: DueTwoThousandThirtyFiveMember 2024-12-29 2026-01-03 0001128928 flo:ReturnOnInvestedCapitalMember flo:GrantedOnDecemberTwentyNineTwoThousandTwentyFourMember flo:OmnibusPlanMember 2024-12-29 2026-01-03 0001128928 flo:SoybeanOilContractsMember us-gaap:CashFlowHedgingMember 2026-01-03 0001128928…
- FY2025 10-K: …2025-02-21 2025-02-21 0001128928 flo:DeferredStockMember flo:OmnibusPlanMember 2024-12-29 2026-01-03 0001128928 flo:ShareholdersReturnSharesMember 2022-01-02 2022-12-31 0001128928 flo:MultiemployerPlansMember flo:WesternConferenceOfTeamstersPensionTrustMember 2023-01-01 2023-12-30 0001128928…
Foodservice (reported)
- LW (Lamb Weston Holdings, Inc.)
- FY2025 10-K: Condition and Results of Operations" and Note 13, Segments, of the Notes to Consolidated Financial Statements in "Part II, Item 8. Financial Statements and Supplementary Data" of this Form 10-K. North America Our North America segment primarily includes frozen potato products sold in the United States, Canada, and…
- FY2025 10-K: …2023, Senior Vice President and General Manager of Foodservice, Retail, Marketing and Innovation from April 2018 until May 2023 and Senior Vice President, Growth and Strategy from September 2016 until April 2018. Mr. Smith also served as Vice President and General Manager of Lamb Weston Retail from May 2011 to…
- TSN (TYSON FOODS, INC.)
- FY2025 10-K: …operations such as plant and school cafeterias, convenience stores, hospitals and other vendors. Additionally, sales to the military and a portion of sales to international markets are made through independent brokers and trading companies. As part of our commitment to innovation and growth, we have a subsidiary…
- FY2025 10-K: …facility that shares a facility with and is included in the Prepared Foods segment in the table above. Prepared Foods Our Prepared Foods segment includes processing facilities and a vertically-integrated turkey operation. Our Prepared Foods facilities process fresh and frozen chicken, turkey, beef, pork and other raw…
- PPC (PILGRIM’S PRIDE CORPORATION)
- FY2025 10-K: …to over 120 countries. Our fresh products consist of refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, pork ribs and lamb products. The Company's prepared products include fully cooked, ready-to-cook and individually frozen…
- FY2025 10-K: ,654 $ 10,629,929 Europe 1,178,459 3,381,178 477,486 99,624 5,136,747 Mexico 1,777,815 220,270 - 113,530 2,111,615 Total net sales $ 11,688,178 $ 4,696,266 $ 946,039 $ 547,808 $ 17,878,291 Year Ended December 31, 2023 Fresh Prepared Export Other (a) Total (In thousands) U.S. $ 8,105,268 $ 978,423 $ 533,205 $ 410,846 $…
- HRL (HORMEL FOODS CORPORATION)
- FY2025 10-K: Foodservice segment. Risks to this outlook include a softening of foodservice industry demand, lower-than-expected raw material markets which through market-based pricing can negatively impact net sales, and higher-than-expected operating costs. International Fourth Quarter Ended Fiscal Year Ended In thousands October…
- FY2025 10-K: …joint venture. The Foodservice segment consists primarily of the processing, marketing, and sale of food products to distributors and operators across a wide range of providers of food away from home, including restaurants, hospitality, healthcare, K-12, college and universities, and convenience stores in the U.S.…
- SFD (SMITHFIELD FOODS, INC.)
- FY2025 10-K: …smf:HogProductionSegmentMember 2024-12-30 2025-12-28 0000091388 us-gaap:OperatingSegmentsMember smf:ExportsMember smf:HogProductionSegmentMember 2024-12-30 2025-12-28 0000091388 us-gaap:OperatingSegmentsMember smf:IndustrialMember smf:HogProductionSegmentMember 2024-12-30 2025-12-28 0000091388…
- FY2025 10-K: …us-gaap:ProductAndServiceOtherMember us-gaap:AllOtherSegmentsMember 2024-01-01 2024-12-29 0000091388 us-gaap:IntersegmentEliminationMember us-gaap:AllOtherSegmentsMember 2024-01-01 2024-12-29 0000091388 us-gaap:OperatingSegmentsMember smf:RetailServicesMember 2024-01-01 2024-12-29 0000091388…
Refrigerated Retail (reported)
- HRL (HORMEL FOODS CORPORATION)
- FY2025 10-K: …is included in segment profit; however, earnings attributable to the Company's corporate venturing investments and noncontrolling interests are excluded. These items are included below as Net Unallocated Expense and Noncontrolling Interest when reconciling to Earnings Before Income Taxes. The Company is an integrated…
- FY2025 10-K: …the significant expense categories regularly provided to the CODM, are provided below. Certain portions of these expenses are retained at the corporate level and are presented in Net Unallocated Expense. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations,…
- TSN (TYSON FOODS, INC.)
- FY2025 10-K: …toward key consumer targets with specific needs. We identify growth and business opportunities through consumer and customer insights derived via leading research and analytic capabilities, while continually enhancing our digital marketing acumen to leverage technology and data in delivering more personalized,…
- FY2025 10-K: …were (in millions): September 27, 2025 Confirmed obligations outstanding at the beginning of year $ 45 Invoices confirmed 288 Confirmed invoices paid ( 281 ) Confirmed obligations outstanding at the end of year $ 52 Revenue Recognition We recognize revenue mainly through retail, foodservice, international, industrial…
- CAG (CONAGRA BRANDS, INC.)
- FY2025 10-K: …including manufacturing facilities, within each reporting segment, are described in Item 2, Properties . Reporting Segments Our reporting segments are as follows: Grocery & Snacks The Grocery & Snacks reporting segment principally includes branded, shelf-stable food products sold in various retail channels in the…
- FY2025 10-K: ($ in millions) Fiscal 2025 Fiscal 2024 % Inc Reporting Segment Net Sales Net Sales (Dec) Grocery & Snacks $ 4,899.3 $ 4,958.7 (1.2)% Refrigerated & Frozen 4,662.3 4,865.5 (4.2)% International 956.5 1,078.3 (11.3)% Foodservice 1,094.7 1,148.4 (4.7)% …
- SFD (SMITHFIELD FOODS, INC.)
- FY2025 10-K: …North Carolina. We use these distribution centers to consolidate products that are manufactured at different plants across our network to fulfill our customer orders efficiently. One of these distribution centers is operated by third-party logistics providers. Due in part to the different demands of distribution for…
- FY2025 10-K: …sales during fiscal years 2025, 2024 and 2023. Cumulatively, our top ten customers accounted for 42%, 39% and 39% of our consolidated sales in fiscal years 2025, 2024 and 2023. Manufacturing Facilities We manufacture packaged meats, fresh pork and value-added items at 38 processing plants across 18 different states:…
- SJM (THE J. M. SMUCKER COMPANY)
- FY2025 10-K: International and Away From Home 20.6 17.4 U.S. Retail Coffee The U.S. Retail Coffee segment net sales increased $102.2 in 2025. Net price realization increased net sales by 5 percentage points, primarily driven by higher net pricing for the Folgers and Café Bustelo brands, partially offset by lower net pricing for…
- FY2025 10-K: …be offset by a change in the estimated fair value of the underlying exposures. 65 The following tables reconcile segment profit to income before income taxes. Year Ended April 30, 2025 U.S. Retail Coffee U.S. Retail Frozen Handheld and Spreads U.S. Retail Pet Foods Sweet Baked Snacks International and Away From Home…
Methodology Note
- Priced-in inversion: the valuation is inverted on the current price to recover the operating-income growth, duration, and steady-state margin the price embeds (ROE for financials, FFO growth for REITs).
- Valuation x-ray: the valuation models, grouped into four families (asset, earnings, relative, growth). Each model is expressed as a price/FV ratio (distance from price), not a point fair-value estimate. The spread across families is the disagreement.
- Economic-unit decomposition (SOTP): each disclosed business unit is assigned its native valuation basis before any multiple is applied. Operating units are valued on enterprise value; funded financial units are valued on their own common equity, because their borrowings fund earning assets rather than levering the parent. A company total is stated only once every material unit carries a supported value and the parent capital bridge reconciles.
- Solvency: net cash/debt, net-debt-to-NOPAT, interest coverage, and share-count CAGR from EDGAR financials (net debt / FFO and fixed-charge coverage for REITs; regulatory-capital framing for financials).
- Peer cohorts: per-segment comparables with deep-linkable SEC filing citations.
Fundamentals sourced from SEC EDGAR filings. Current price from Databento. The priced-in inversion and valuation x-ray are computed by the boothcheck engine; narrative composed by AI from the structured data.