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Kellogg Co
NYSE:K

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Kellogg Co Logo
Kellogg Co
NYSE:K
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Price: 57.35 USD 1.24%
Updated: Mar 28, 2024

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%.

Key Points:
K Intrinsic Value
Base Case
69.84 USD
Undervaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Kellogg Co

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Fundamental Analysis

Kellanova Finishes Strong, Predicts Steady Growth
2023-Q4 Earnings Call

Kellanova Finishes Strong, Predicts Steady Growth

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Exceptional 3-Year Average ROE
Positive Gross Profit
Positive Free Cash Flow
Exceptional ROE
55/100
Profitability
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.

Average Altman Z-Score
Long-Term Solvency
Average D/E
Short-Term Solvency
35/100
Solvency
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

Wall Street analysts forecast K stock price to rise over the next 12 months.

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.

Lowest
Price Target
54.54 USD
5% Downside
Average
Price Target
59.7 USD
4% Upside
Highest
Price Target
70.35 USD
23% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

K Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

K Price
Kellogg Co

1M 1M
+3%
6M 6M
+3%
1Y 1Y
-13%
3Y 3Y
-5%
5Y 5Y
+16%
10Y 10Y
+24%
Annual Price Range
57.35
52w Low
48.62
52w High
71.53
Price Metrics
Average Annual Return 9.87%
Standard Deviation of Annual Returns 11.77%
Max Drawdown -36%
Shares Statistics
Market Capitalization 19.5B USD
Shares Outstanding 341 759 008
Percentage of Shares Shorted 4.76%

K Return Decomposition
Main factors of price return

What is price return decomposition?

K News

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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.

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Sentiment Analysis
Kellogg Co

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Last 7 Days 7D
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Last 90 Days 90D

Company Profile

Kellogg Co Logo
Kellogg Co

Country

United States of America

Industry

Food Products

Market Cap

19.5B USD

Dividend Yield

3.9%

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

MICHIGAN
Battle Creek
PO Box 3599, 1 Kellogg Sq
+12699612000.0
https://www.kelloggcompany.com/en_US/home.html

IPO

1952-01-09

Employees

31 000

Officers

Chairman, CEO & President
Mr. Steven A. Cahillane
Vice Chairman, Senior VP, CFO & Principal Financial Officer
Mr. Amit Banati
Senior VP & President of Kellogg Europe
Mr. David Lawlor
VP, Corporate Controller & Principal Accounting Officer
Mr. Kurt D. Forche
Senior VP & Chief Information Officer
Ms. Lesley Salmon
Vice President of Investor Relations & Corporate Planning
Mr. John P. Renwick IV, C.F.A.
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Senior VP & Chief Legal Officer
Mr. John K. Min
Senior VP of Global Human Services & Chief Human Resources Officer
Ms. Melissa A. Howell
Senior VP & Chief Global Corporate Affairs Officer
Ms. Kris Charles Bahner
Senior Vice President of Global Breakfast Category
Mr. Doug Vandevelde
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See Also

Discover More
What is the Intrinsic Value of one K stock?

The intrinsic value of one K stock under the Base Case scenario is 69.84 USD.

Is K stock undervalued or overvalued?

Compared to the current market price of 57.35 USD, Kellogg Co is Undervalued by 18%.