What is BGS's DCF valuation?

B&G Foods Inc (BGS) DCF Valuation Analysis

Executive Summary

As of April 19, 2026, B&G Foods Inc has a Discounted Cash Flow (DCF) derived fair value of $24.53 per share. With the current market price at $5.43, this represents a potential upside of 351.7%.

Key Metrics Value
DCF Fair Value (5-year) $20.73
DCF Fair Value (10-year) $24.53
Potential Upside (5-year) 281.7%
Potential Upside (10-year) 351.7%
Discount Rate (WACC) 5.4% - 9.1%

Financial Performance & Projections

Revenue Trends

Revenue is projected to grow from $1829 million in 01-2026 to $2386 million by 01-2036, representing a compound annual growth rate of approximately 2.7%.

Fiscal Year Revenue (USD millions) Growth
01-2026 1829 5%
01-2027 1820 0%
01-2028 1856 2%
01-2029 1894 2%
01-2030 1946 3%
01-2031 2031 4%
01-2032 2073 2%
01-2033 2114 2%
01-2034 2214 5%
01-2035 2258 2%
01-2036 2386 6%

Profitability Projections

Net profit margin is expected to improve from -2% in 01-2026 to 4% by 01-2036, driven by operational efficiency and economies of scale.

Fiscal Year Net Profit (USD millions) Profit Margin
01-2026 (44) -2%
01-2027 (14) -1%
01-2028 7 0%
01-2029 29 2%
01-2030 51 3%
01-2031 75 4%
01-2032 77 4%
01-2033 79 4%
01-2034 82 4%
01-2035 84 4%
01-2036 89 4%

DCF Model Components

1. Capital Expenditures (CapEx)

with a 5-year average of $30 million. Projected CapEx is expected to maintain at approximately 2% of revenue.

2. Depreciation & Amortization

Depreciation is based on an average useful life of 5 years for capital assets.

Fiscal Year D&A (USD millions)
01-2027 27
01-2028 28
01-2029 28
01-2030 29
01-2031 29
01-2032 29

3. Working Capital Requirements

Net working capital is expected to increase gradually, with projected changes affecting free cash flow.

Components Average Days
Days Receivables 29
Days Inventory 120
Days Payables 28

4. Free Cash Flow Projections

Fiscal Year EBITDA Tax CapEx Change in NWC FCF
2027 159 (5) 27 42 95
2028 192 2 28 (3) 164
2029 224 9 28 (10) 197
2030 258 16 29 17 196
2031 298 24 30 12 231

DCF Valuation Parameters

Key Assumptions

  • Discount Rate (WACC): WACC / Discount Rate (selected: 5.4% - 9.1%)
  • Long-Term Growth Rate: Long-term Growth Rate (selected: 1.0% - 3.0%)
  • Terminal EV/EBITDA Multiple: 7.7x (based on peer average)

Valuation Summary

Valuation Method Fair Price (USD) Potential Upside
5-Year DCF (Growth) 20.73 281.7%
10-Year DCF (Growth) 24.53 351.7%
5-Year DCF (EBITDA) 3.01 -44.5%
10-Year DCF (EBITDA) 10.49 93.1%

Enterprise Value Breakdown

  • 5-Year Model: $3,551M
  • 10-Year Model: $3,855M

Investment Conclusion

Is B&G Foods Inc (BGS) a buy or a sell? B&G Foods Inc is definitely a buy. Based on our DCF analysis, B&G Foods Inc (BGS) appears to be significantly undervalued with upside potential of 351.7%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.

Key investment drivers include:

  • Expanding profit margins (from -2% to 4%)
  • Steady revenue growth (2.7% CAGR)

Investors should consider a strong buy at the current market price of $5.43.