Intrinsic value of B&G Foods - BGS

Previous Close

$31.40

  Intrinsic Value

$27.64

stock screener

  Rating & Target

hold

-12%

  Value-price divergence*

+310%

Previous close

$31.40

 
Intrinsic value

$27.64

 
Up/down potential

-12%

 
Rating

hold

 
Value-price divergence*

+310%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of BGS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  44.00
  18.40
  17.06
  15.85
  14.77
  13.79
  12.91
  12.12
  11.41
  10.77
  10.19
  9.67
  9.21
  8.78
  8.41
  8.07
  7.76
  7.48
  7.23
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
  6.07
  5.96
  5.87
  5.78
  5.70
  5.63
Revenue, $m
  1,391
  1,647
  1,928
  2,234
  2,563
  2,917
  3,294
  3,693
  4,114
  4,557
  5,022
  5,507
  6,014
  6,543
  7,093
  7,665
  8,259
  8,877
  9,520
  10,187
  10,881
  11,602
  12,352
  13,133
  13,946
  14,792
  15,674
  16,593
  17,552
  18,553
  19,598
Variable operating expenses, $m
 
  1,329
  1,546
  1,781
  2,035
  2,307
  2,597
  2,904
  3,229
  3,570
  3,927
  4,240
  4,630
  5,037
  5,460
  5,901
  6,359
  6,834
  7,329
  7,843
  8,377
  8,932
  9,510
  10,111
  10,736
  11,388
  12,067
  12,775
  13,513
  14,283
  15,088
Fixed operating expenses, $m
 
  8
  8
  9
  9
  9
  9
  10
  10
  10
  10
  10
  11
  11
  11
  12
  12
  12
  12
  13
  13
  13
  14
  14
  14
  15
  15
  16
  16
  16
  17
Total operating expenses, $m
  1,140
  1,337
  1,554
  1,790
  2,044
  2,316
  2,606
  2,914
  3,239
  3,580
  3,937
  4,250
  4,641
  5,048
  5,471
  5,913
  6,371
  6,846
  7,341
  7,856
  8,390
  8,945
  9,524
  10,125
  10,750
  11,403
  12,082
  12,791
  13,529
  14,299
  15,105
Operating income, $m
  251
  309
  374
  444
  520
  601
  687
  779
  876
  977
  1,084
  1,257
  1,373
  1,495
  1,621
  1,752
  1,889
  2,031
  2,178
  2,332
  2,491
  2,657
  2,829
  3,008
  3,195
  3,389
  3,592
  3,803
  4,024
  4,253
  4,493
EBITDA, $m
  288
  440
  516
  599
  688
  784
  886
  994
  1,109
  1,229
  1,355
  1,487
  1,624
  1,768
  1,917
  2,072
  2,233
  2,401
  2,575
  2,756
  2,945
  3,141
  3,344
  3,556
  3,777
  4,006
  4,246
  4,495
  4,755
  5,027
  5,311
Interest expense (income), $m
  70
  69
  85
  103
  123
  144
  167
  192
  217
  245
  273
  303
  335
  367
  402
  437
  474
  513
  553
  594
  637
  682
  729
  777
  828
  880
  935
  992
  1,051
  1,113
  1,178
Earnings before tax, $m
  177
  241
  289
  341
  397
  456
  520
  587
  658
  733
  811
  954
  1,039
  1,127
  1,219
  1,315
  1,415
  1,518
  1,626
  1,738
  1,854
  1,975
  2,100
  2,231
  2,367
  2,509
  2,657
  2,811
  2,972
  3,140
  3,315
Tax expense, $m
  68
  65
  78
  92
  107
  123
  140
  159
  178
  198
  219
  257
  280
  304
  329
  355
  382
  410
  439
  469
  501
  533
  567
  602
  639
  677
  717
  759
  802
  848
  895
Net income, $m
  109
  176
  211
  249
  290
  333
  380
  429
  481
  535
  592
  696
  758
  823
  890
  960
  1,033
  1,108
  1,187
  1,268
  1,353
  1,441
  1,533
  1,629
  1,728
  1,832
  1,940
  2,052
  2,170
  2,292
  2,420

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  29
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,044
  3,573
  4,182
  4,845
  5,561
  6,327
  7,145
  8,011
  8,924
  9,885
  10,893
  11,947
  13,046
  14,192
  15,385
  16,626
  17,916
  19,257
  20,650
  22,098
  23,603
  25,168
  26,795
  28,488
  30,251
  32,087
  34,000
  35,994
  38,074
  40,245
  42,511
Adjusted assets (=assets-cash), $m
  3,015
  3,573
  4,182
  4,845
  5,561
  6,327
  7,145
  8,011
  8,924
  9,885
  10,893
  11,947
  13,046
  14,192
  15,385
  16,626
  17,916
  19,257
  20,650
  22,098
  23,603
  25,168
  26,795
  28,488
  30,251
  32,087
  34,000
  35,994
  38,074
  40,245
  42,511
Revenue / Adjusted assets
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
  0.461
Average production assets, $m
  1,741
  2,060
  2,412
  2,794
  3,207
  3,649
  4,120
  4,620
  5,147
  5,701
  6,282
  6,890
  7,524
  8,185
  8,873
  9,589
  10,332
  11,106
  11,909
  12,744
  13,612
  14,514
  15,453
  16,429
  17,446
  18,505
  19,608
  20,758
  21,958
  23,210
  24,517
Working capital, $m
  344
  385
  451
  523
  600
  683
  771
  864
  963
  1,066
  1,175
  1,289
  1,407
  1,531
  1,660
  1,794
  1,933
  2,077
  2,228
  2,384
  2,546
  2,715
  2,890
  3,073
  3,263
  3,461
  3,668
  3,883
  4,107
  4,341
  4,586
Total debt, $m
  1,726
  2,130
  2,584
  3,078
  3,611
  4,182
  4,791
  5,436
  6,117
  6,833
  7,583
  8,368
  9,187
  10,041
  10,930
  11,855
  12,816
  13,814
  14,852
  15,931
  17,052
  18,218
  19,430
  20,692
  22,005
  23,373
  24,798
  26,284
  27,833
  29,451
  31,139
Total liabilities, $m
  2,258
  2,662
  3,116
  3,610
  4,143
  4,714
  5,323
  5,968
  6,649
  7,365
  8,115
  8,900
  9,719
  10,573
  11,462
  12,387
  13,348
  14,346
  15,384
  16,463
  17,584
  18,750
  19,962
  21,224
  22,537
  23,905
  25,330
  26,816
  28,365
  29,983
  31,671
Total equity, $m
  786
  911
  1,066
  1,235
  1,418
  1,614
  1,822
  2,043
  2,276
  2,521
  2,778
  3,046
  3,327
  3,619
  3,923
  4,240
  4,569
  4,911
  5,266
  5,635
  6,019
  6,418
  6,833
  7,264
  7,714
  8,182
  8,670
  9,179
  9,709
  10,263
  10,840
Total liabilities and equity, $m
  3,044
  3,573
  4,182
  4,845
  5,561
  6,328
  7,145
  8,011
  8,925
  9,886
  10,893
  11,946
  13,046
  14,192
  15,385
  16,627
  17,917
  19,257
  20,650
  22,098
  23,603
  25,168
  26,795
  28,488
  30,251
  32,087
  34,000
  35,995
  38,074
  40,246
  42,511
Debt-to-equity ratio
  2.196
  2.340
  2.420
  2.490
  2.550
  2.590
  2.630
  2.660
  2.690
  2.710
  2.730
  2.750
  2.760
  2.770
  2.790
  2.800
  2.810
  2.810
  2.820
  2.830
  2.830
  2.840
  2.840
  2.850
  2.850
  2.860
  2.860
  2.860
  2.870
  2.870
  2.870
Adjusted equity ratio
  0.251
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255
  0.255

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  109
  176
  211
  249
  290
  333
  380
  429
  481
  535
  592
  696
  758
  823
  890
  960
  1,033
  1,108
  1,187
  1,268
  1,353
  1,441
  1,533
  1,629
  1,728
  1,832
  1,940
  2,052
  2,170
  2,292
  2,420
Depreciation, amort., depletion, $m
  37
  130
  142
  155
  168
  183
  199
  215
  233
  251
  271
  230
  251
  273
  296
  320
  344
  370
  397
  425
  454
  484
  515
  548
  582
  617
  654
  692
  732
  774
  817
Funds from operations, $m
  357
  306
  353
  403
  458
  516
  578
  644
  713
  786
  863
  926
  1,009
  1,096
  1,186
  1,280
  1,377
  1,479
  1,584
  1,693
  1,807
  1,925
  2,048
  2,176
  2,310
  2,449
  2,593
  2,744
  2,902
  3,066
  3,237
Change in working capital, $m
  67
  60
  66
  72
  77
  83
  88
  93
  99
  104
  109
  114
  119
  124
  129
  134
  139
  145
  150
  156
  162
  169
  176
  183
  190
  198
  206
  215
  224
  234
  244
Cash from operations, $m
  290
  246
  287
  332
  381
  434
  490
  551
  615
  683
  754
  812
  890
  972
  1,057
  1,146
  1,238
  1,334
  1,434
  1,537
  1,645
  1,757
  1,873
  1,994
  2,120
  2,251
  2,387
  2,529
  2,677
  2,832
  2,993
Maintenance CAPEX, $m
  0
  -58
  -69
  -80
  -93
  -107
  -122
  -137
  -154
  -172
  -190
  -209
  -230
  -251
  -273
  -296
  -320
  -344
  -370
  -397
  -425
  -454
  -484
  -515
  -548
  -582
  -617
  -654
  -692
  -732
  -774
New CAPEX, $m
  -42
  -320
  -351
  -382
  -413
  -442
  -471
  -499
  -527
  -554
  -581
  -608
  -634
  -661
  -688
  -716
  -744
  -773
  -803
  -835
  -868
  -902
  -939
  -977
  -1,017
  -1,059
  -1,103
  -1,150
  -1,200
  -1,252
  -1,307
Cash from investing activities, $m
  -481
  -378
  -420
  -462
  -506
  -549
  -593
  -636
  -681
  -726
  -771
  -817
  -864
  -912
  -961
  -1,012
  -1,064
  -1,117
  -1,173
  -1,232
  -1,293
  -1,356
  -1,423
  -1,492
  -1,565
  -1,641
  -1,720
  -1,804
  -1,892
  -1,984
  -2,081
Free cash flow, $m
  -191
  -132
  -133
  -131
  -125
  -116
  -103
  -86
  -66
  -43
  -17
  -5
  27
  60
  96
  134
  174
  216
  260
  305
  352
  400
  450
  502
  555
  610
  667
  725
  786
  848
  912
Issuance/(repayment) of debt, $m
  -14
  415
  454
  494
  533
  571
  609
  645
  681
  716
  751
  785
  819
  854
  889
  924
  961
  999
  1,038
  1,079
  1,121
  1,166
  1,212
  1,262
  1,313
  1,368
  1,425
  1,486
  1,550
  1,617
  1,688
Issuance/(repurchase) of shares, $m
  332
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  317
  415
  454
  494
  533
  571
  609
  645
  681
  716
  751
  785
  819
  854
  889
  924
  961
  999
  1,038
  1,079
  1,121
  1,166
  1,212
  1,262
  1,313
  1,368
  1,425
  1,486
  1,550
  1,617
  1,688
Total cash flow (excl. dividends), $m
  125
  283
  321
  363
  408
  456
  506
  559
  615
  673
  733
  780
  846
  914
  985
  1,059
  1,136
  1,215
  1,298
  1,384
  1,473
  1,566
  1,663
  1,764
  1,869
  1,978
  2,092
  2,211
  2,335
  2,465
  2,601
Retained Cash Flow (-), $m
  -328
  -143
  -155
  -169
  -182
  -196
  -208
  -221
  -233
  -245
  -257
  -269
  -280
  -292
  -304
  -316
  -329
  -342
  -355
  -369
  -384
  -399
  -415
  -432
  -450
  -468
  -488
  -509
  -530
  -554
  -578
Prev. year cash balance distribution, $m
 
  18
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  158
  165
  194
  225
  260
  298
  338
  382
  428
  477
  511
  565
  622
  681
  742
  807
  873
  943
  1,015
  1,089
  1,167
  1,248
  1,332
  1,419
  1,510
  1,604
  1,703
  1,805
  1,912
  2,023
Discount rate, %
 
  10.30
  10.82
  11.36
  11.92
  12.52
  13.15
  13.80
  14.49
  15.22
  15.98
  16.78
  17.62
  18.50
  19.42
  20.39
  21.41
  22.48
  23.61
  24.79
  26.03
  27.33
  28.70
  30.13
  31.64
  33.22
  34.88
  36.62
  38.45
  40.38
  42.40
PV of cash for distribution, $m
 
  143
  135
  140
  144
  144
  142
  137
  129
  120
  108
  93
  81
  68
  57
  46
  36
  28
  21
  15
  11
  7
  5
  3
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable, and frozen food and household products in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters, and other specialty products. The company markets its products under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril's, Grandma's Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Original Tings, Ortega, Pirate's Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Spring Tree, Sugar Twin, Trappey's, TrueNorth, Underwood, Vermont Maid, and Wright's. It also sells and distributes household products under the Static Guard brand. B&G Foods, Inc. offers its products directly, as well as through a network of independent brokers and distributors to supermarket chains, food service outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1996 and is headquartered in Parsippany, New Jersey.

FINANCIAL RATIOS  of  B&G Foods (BGS)

Valuation Ratios
P/E Ratio 19.1
Price to Sales 1.5
Price to Book 2.7
Price to Tangible Book
Price to Cash Flow 7.2
Price to Free Cash Flow 8.4
Growth Rates
Sales Growth Rate 44%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 121.1%
Cap. Spend. - 3 Yr. Gr. Rate 22.9%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity 218.2%
Total Debt to Equity 219.6%
Interest Coverage 4
Management Effectiveness
Return On Assets 5.4%
Ret/ On Assets - 3 Yr. Avg. 4.8%
Return On Total Capital 4.6%
Ret/ On T. Cap. - 3 Yr. Avg. 3.9%
Return On Equity 17.5%
Return On Equity - 3 Yr. Avg. 15.4%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 32.2%
Gross Margin - 3 Yr. Avg. 30.5%
EBITDA Margin 20.4%
EBITDA Margin - 3 Yr. Avg. 18.9%
Operating Margin 18%
Oper. Margin - 3 Yr. Avg. 16.3%
Pre-Tax Margin 12.7%
Pre-Tax Margin - 3 Yr. Avg. 10.9%
Net Profit Margin 7.8%
Net Profit Margin - 3 Yr. Avg. 6.6%
Effective Tax Rate 38.4%
Eff/ Tax Rate - 3 Yr. Avg. 39.1%
Payout Ratio 92.7%

BGS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BGS stock intrinsic value calculation we used $1391 million for the last fiscal year's total revenue generated by B&G Foods. The default revenue input number comes from 2016 income statement of B&G Foods. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BGS stock valuation model: a) initial revenue growth rate of 18.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.3%, whose default value for BGS is calculated based on our internal credit rating of B&G Foods, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of B&G Foods.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BGS stock the variable cost ratio is equal to 81.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $8 million in the base year in the intrinsic value calculation for BGS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4% for B&G Foods.

Corporate tax rate of 27% is the nominal tax rate for B&G Foods. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BGS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BGS are equal to 125.1%.

Life of production assets of 61.7 years is the average useful life of capital assets used in B&G Foods operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BGS is equal to 23.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $786 million for B&G Foods - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 65.728 million for B&G Foods is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of B&G Foods at the current share price and the inputted number of shares is $2.1 billion.

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COMPANY NEWS

▶ [$$] B&G Foods Gobbles Up SnackWell, Back to Nature Brands   [Aug-20-17 07:56PM  The Wall Street Journal]
▶ [$$] B&G Foods Gobbles Up Snackwell, Back to Nature Brands   [10:49AM  The Wall Street Journal]
▶ B&G Foods posts 2Q profit   [01:27AM  Associated Press]
▶ B&G Foods Reports Financial Results for Second Quarter 2017   [Aug-03-17 04:05PM  Business Wire]
▶ B&G Foods Declares Regular Quarterly Dividend   [Aug-01-17 05:32PM  Business Wire]
▶ ETFs with exposure to B&G Foods, Inc. : July 7, 2017   [Jul-07-17 02:34PM  Capital Cube]
▶ Top Ranked Income Stocks to Buy for June 29th   [Jun-29-17 09:50AM  Zacks]
▶ 3 Stocks With Better Dividends than Procter & Gamble Co.   [Jun-26-17 07:10AM  Motley Fool]
▶ B&G Foods, Inc. Value Analysis (NYSE:BGS) : June 15, 2017   [Jun-15-17 04:09PM  Capital Cube]
▶ ETFs with exposure to B&G Foods, Inc. : June 2, 2017   [Jun-02-17 01:54PM  Capital Cube]
▶ Top Ranked Income Stocks to Buy for May 26th   [May-26-17 09:36AM  Zacks]
▶ B&G Foods Declares Regular Quarterly Dividend   [May-23-17 06:31PM  Business Wire]
▶ ETFs with exposure to B&G Foods, Inc. : May 12, 2017   [May-12-17 03:43PM  Capital Cube]
▶ B&G Foods to Present at Spring Investor Conferences   [May-05-17 04:05PM  Business Wire]
▶ B&G Foods posts 1Q profit   [May-04-17 05:47PM  Associated Press]
▶ New Strong Sell Stocks for March 22nd   [Mar-22-17 11:17AM  Zacks]
▶ 3 Stocks to Buy With Dividends Yielding 4% or More   [Feb-22-17 08:26PM  at Motley Fool]
▶ B&G Foods Declares Regular Quarterly Dividend   [Feb-21-17 06:05PM  Business Wire]
▶ [$$] LBO Focus: Private Equity Whets Appetite for Ingredients Deals   [Feb-01-17 09:24AM  at The Wall Street Journal]
Stock chart of BGS Financial statements of BGS
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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