Kellogg Co
NYSE:K
Intrinsic Value
Kellogg Co. engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. [ Read More ]
The intrinsic value of one K stock under the Base Case scenario is 69.84 USD. Compared to the current market price of 57.35 USD, Kellogg Co is Undervalued by 18%.
Valuation Backtest
Kellogg Co
Run backtest to discover the historical profit from buying and selling K stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Kellanova Finishes Strong, Predicts Steady Growth
2023-Q4 Earnings Call
Kellanova reported a robust finish for the current fiscal period, with organic net sales growth around 8%, outperforming the long-term target. Operating profit surged 30% in the fourth quarter, whereas earnings per share (EPS) increased by about 19% for the same period, demonstrating significant gains over the preceding year. The company's resilient balance sheet facilitated a higher-than-expected free cash flow, achieving $968 million by year-end. Looking forward, Kellanova reiterates its 2024 guidance with projected organic net sales growth of 3% or better and anticipates a 14% operating profit margin. The expected adjusted EPS lies between $3.55 and $3.65. Additionally, free cash flow is forecasted at approximately $1 billion, considering increased capital expenditures for Pringles capacity expansion in emerging markets and for two high-return network optimization projects.
Balance Sheet Decomposition
Kellogg Co
Current Assets | 3.3B |
Cash & Short-Term Investments | 274m |
Receivables | 1.6B |
Other Current Assets | 1.5B |
Non-Current Assets | 12.3B |
Long-Term Investments | 184m |
PP&E | 3.9B |
Intangibles | 7.1B |
Other Non-Current Assets | 1.1B |
Current Liabilities | 5.1B |
Accounts Payable | 2.3B |
Accrued Liabilities | 1.2B |
Short-Term Debt | 121m |
Other Current Liabilities | 1.5B |
Non-Current Liabilities | 7.4B |
Long-Term Debt | 5.1B |
Other Non-Current Liabilities | 2.3B |
Earnings Waterfall
Kellogg Co
Revenue
|
13.1B
USD
|
Cost of Revenue
|
-8.8B
USD
|
Gross Profit
|
4.3B
USD
|
Operating Expenses
|
-2.7B
USD
|
Operating Income
|
1.6B
USD
|
Other Expenses
|
-599m
USD
|
Net Income
|
951m
USD
|
Free Cash Flow Analysis
Kellogg Co
What is Free Cash Flow?
K Profitability Score
Profitability Due Diligence
Kellogg Co's profitability score is 55/100. The higher the profitability score, the more profitable the company is.
Score
Kellogg Co's profitability score is 55/100. The higher the profitability score, the more profitable the company is.
K Solvency Score
Solvency Due Diligence
Kellogg Co's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Score
Kellogg Co's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
K Price Targets Summary
Kellogg Co
According to Wall Street analysts, the average 1-year price target for K is 59.7 USD with a low forecast of 54.54 USD and a high forecast of 70.35 USD.
Ownership
K Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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Shareholder Return
K Price
Kellogg Co
Average Annual Return | 9.87% |
Standard Deviation of Annual Returns | 11.77% |
Max Drawdown | -36% |
Market Capitalization | 19.5B USD |
Shares Outstanding | 341 759 008 |
Percentage of Shares Shorted | 4.76% |
K News
Last Important Events
Kellogg Co
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Kellogg Co
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Kellogg Co. engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. The company is headquartered in Battle Creek, Michigan and currently employs 31,000 full-time employees. The Company’s segments include North America, Europe, Latin America and AMEA (Asia Middle East Africa). Its principal products are snacks, which includes crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, and convenience foods, which include ready-to-eat cereals, frozen waffles, veggie foods and noodles. The Company’s snacks brands are marketed under brands, such as Kellogg’s, Cheez-It, Pringles, Austin, Parati and RXBAR. Its cereals and cereal bars are generally marketed under Kellogg’s name, with some under the Kashi and Bear Naked brands. The Company’s frozen foods are marketed under the Eggo and Morningstar Farms brands. The company uses broker and distributor arrangements for certain products and channels, as well as in certain geographies. The firm has manufactured in over 21 countries and marketed in approximately 180 countries.
Contact
IPO
Employees
Officers
The intrinsic value of one K stock under the Base Case scenario is 69.84 USD.
Compared to the current market price of 57.35 USD, Kellogg Co is Undervalued by 18%.