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33.37 (1y: +70%)
Market Cap 4.62 B P/E(ttm) 33.90
Enterprise Value 5.28 B P/B 5.40
FLO- NYSE (USA)
Flowers Foods, Inc.
  • Currently 4/5
Business Predictability Rank: 4-Star
Back Testing Results:
Average gain of all 4-Star stocks: 9.8% per year.
% of Stocks that are in still loss if held for 10yrs: 8%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$33.37
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 0.021
FLO's Cash to Debt is ranked lower than
82% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 2.03 vs. FLO: 0.021 )
FLO' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.02
Equity to Asset 0.1
FLO's Equity to Asset is ranked lower than
89% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 0.48 vs. FLO: 0.1 )
FLO' s 10-Year Equity to Asset Range
Min: 0.1   Max: 0.6
Current: 0.1
0.1
0.6
Interest Coverage 22.4
FLO's Interest Coverage is ranked lower than
59% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 149.30 vs. FLO: 22.4 )
FLO' s 10-Year Interest Coverage Range
Min: 0   Max: No Debt
Current: 22.4
F-Score: 5
Z-Score: 4.81
M-Score: -2.26
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 7.20
FLO's Operating margin (%) is ranked higher than
69% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 4.30 vs. FLO: 7.20 )
FLO' s 10-Year Operating margin (%) Range
Min: -1.3   Max: 8
Current: 7.2
-1.3
8
Net-margin (%) 4.5
FLO's Net-margin (%) is ranked higher than
64% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 2.90 vs. FLO: 4.5 )
FLO' s 10-Year Net-margin (%) Range
Min: -1   Max: 5.3
Current: 4.5
-1
5.3
ROE (%) 15.9
FLO's ROE (%) is ranked higher than
77% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 7.20 vs. FLO: 15.9 )
FLO' s 10-Year ROE (%) Range
Min: -2.9   Max: 18.8
Current: 15.9
-2.9
18.8
ROA (%) 6.8
FLO's ROA (%) is ranked higher than
71% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 3.60 vs. FLO: 6.8 )
FLO' s 10-Year ROA (%) Range
Min: -1.5   Max: 10.3
Current: 6.8
-1.5
10.3
ROC (Joel Greenblatt) (%) 24.00
FLO's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 11.40 vs. FLO: 24.00 )
FLO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 0.9   Max: 29.5
Current: 24
0.9
29.5
Revenue Growth (%) 4.1
FLO's Revenue Growth (%) is ranked higher than
82% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 3.40 vs. FLO: 4.1 )
FLO' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 9.6
Current: 4.1
0
9.6
EBITDA Growth (%) 2.9
FLO's EBITDA Growth (%) is ranked higher than
84% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 3.20 vs. FLO: 2.9 )
FLO' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 14.8
Current: 2.9
0
14.8
EPS Growth (%) 1
FLO's EPS Growth (%) is ranked higher than
78% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 3.00 vs. FLO: 1 )
FLO' s 10-Year EPS Growth (%) Range
Min: 0   Max: 57.3
Current: 1
0
57.3
ยป FLO's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

FLO Guru Trades in Q2 2012

Manning & Napier Advisors, Inc 218,595 sh (+0.53%)
Murray Stahl 46,360 sh (+0.11%)
Chuck Royce 600,150 sh (unchged)
John Hussman Sold Out
Steven Cohen Sold Out
Mario Gabelli 1,217,298 sh (-3.59%)
Jim Simons 2,104,800 sh (-4.2%)
John Keeley 1,957,025 sh (-13.98%)
Jeremy Grantham 74,315 sh (-32.6%)
Diamond Hill Capital 761,870 sh (-44.26%)
» More
Q3 2012

FLO Guru Trades in Q3 2012

Meridian Funds 401,800 sh (New)
Joel Greenblatt 25,918 sh (New)
Jim Simons 2,475,388 sh (+17.61%)
Diamond Hill Capital 805,932 sh (+5.78%)
Murray Stahl 46,960 sh (+1.29%)
Chuck Royce 600,150 sh (unchged)
Jeremy Grantham Sold Out
Mario Gabelli 1,160,615 sh (-4.66%)
John Keeley 1,846,830 sh (-5.63%)
Manning & Napier Advisors, Inc 188,355 sh (-13.83%)
» More
Q4 2012

FLO Guru Trades in Q4 2012

Pioneer Investments 175,000 sh (New)
Steven Cohen 44,840 sh (New)
Meridian Funds 595,500 sh (+48.21%)
John Keeley 1,954,767 sh (+5.84%)
Jim Simons 2,508,700 sh (+1.35%)
Jeremy Grantham 52,931 sh (unchged)
Chuck Royce 600,150 sh (unchged)
Manning & Napier Advisors, Inc 188,355 sh (unchged)
Joel Greenblatt Sold Out
Diamond Hill Capital 794,635 sh (-1.4%)
Mario Gabelli 1,009,508 sh (-13.02%)
Murray Stahl 39,210 sh (-16.5%)
» More
Q1 2013

FLO Guru Trades in Q1 2013

Steven Cohen 369,136 sh (+723.23%)
Murray Stahl 41,560 sh (+5.99%)
Chuck Royce 600,150 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
Mario Gabelli 987,325 sh (-2.2%)
Jim Simons 2,381,700 sh (-5.06%)
Jeremy Grantham 49,166 sh (-7.11%)
John Keeley 1,762,635 sh (-9.83%)
Pioneer Investments 156,900 sh (-10.34%)
Meridian Funds 524,200 sh (-11.97%)
Diamond Hill Capital 416,715 sh (-47.56%)
» More
» Details

Insider Trades

Latest Guru Trades with FLO

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Meridian Funds 2012-12-31 Add 48.21%0.18%$18.87 - $24.13 $ 33.3757%595500
Joel Greenblatt 2012-12-31 Sold Out 0.04%$18.87 - $24.13 $ 33.3757%0
Meridian Funds 2012-09-30 New Buy0.29%$19.89 - $23.76 $ 33.3758%401800
Joel Greenblatt 2012-09-30 New Buy0.04%$19.89 - $23.76 $ 33.3758%25918
John Hussman 2012-06-30 Sold Out $19.49 - $23.59 $ 33.3756%0
John Hussman 2012-03-31 New Buy$18.45 - $20.49 $ 33.3782%2000
Joel Greenblatt 2011-09-30 Sold Out 0.1018%$18.17 - $22.97 $ 33.3764%0
Joel Greenblatt 2011-06-30 Reduce -37.04%0.11%$18.32 - $22.22 $ 33.3762%33045
Joel Greenblatt 2011-03-31 Add 271.71%0.21%$16.22 - $18.23 $ 33.3792%34989
Mario Gabelli 2011-03-31 Reduce -43.49%0.15%$16.22 - $18.23 $ 33.3792%986513
Joel Greenblatt 2010-12-31 New Buy0.08%$16.27 - $18.01 $ 33.3795%9413
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Flowers Foods, Inc.

Diamond Hill Capital Comments on Flowers Foods - Oct 23, 2012

Processed and packaged foods manufacturer Flowers Foods, Inc. (FLO) reported a second quarter relatively in-line with analyst expectations. Input costs, however, continued to be an issue with the summer drought negatively impacting wheat costs. Flowers Foods produced consistent double digit earnings gains during much of the last decade but has seen relatively flat earnings the past two years. We expect earnings growth will be restored in 2013.
Check out Diamond Hill Capital latest stock trades

Top Ranked Articles about Flowers Foods, Inc.

Diamond Hill Capital Comments on Flowers Foods
October 23, 2012
Processed and packaged foods manufacturer Flowers Foods, Inc. (FLO) reported a second quarter relatively in-line with analyst expectations. Input costs, however, continued to be an issue with the summer drought negatively impacting wheat costs. Flowers Foods produced consistent double digit earnings gains during much of the last decade but has seen relatively flat earnings the past two years. We expect earnings growth will be restored in 2013. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 33.90
FLO's P/E(ttm) is ranked higher than
60% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 20.98 vs. FLO: 33.90 )
FLO' s 10-Year P/E(ttm) Range
Min: 15.71   Max: 96.87
Current: 33.9
15.71
96.87
P/B 5.40
FLO's P/B is ranked lower than
78% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 1.66 vs. FLO: 5.40 )
FLO' s 10-Year P/B Range
Min: 0.85   Max: 5.48
Current: 5.4
0.85
5.48
P/S 1.52
FLO's P/S is ranked lower than
69% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 0.70 vs. FLO: 1.52 )
FLO' s 10-Year P/S Range
Min: 0.31   Max: 1.53
Current: 1.52
0.31
1.53
PFCF 31.00
FLO's PFCF is ranked lower than
57% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 17.81 vs. FLO: 31.00 )
FLO' s 10-Year PFCF Range
Min: 6.81   Max: 231.9
Current: 31
6.81
231.9
EV-to-EBIT 24.4
FLO's EV-to-EBIT is ranked higher than
76% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 16.10 vs. FLO: 24.4 )
FLO' s 10-Year EV-to-EBIT Range
Min: 11   Max: 186.2
Current: 24.4
11
186.2
PEG 7
FLO's PEG is ranked higher than
92% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 1.80 vs. FLO: 7 )
FLO' s 10-Year PEG Range
Min: 0.84   Max: 7
Current: 7
0.84
7
Shiller P/E 35.7
FLO's Shiller P/E is ranked higher than
84% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 21.00 vs. FLO: 35.7 )
FLO' s 10-Year Shiller P/E Range
Min: 20.53   Max: 57.1
Current: 35.7
20.53
57.1

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.92
FLO's Dividend Yield is ranked higher than
75% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 1.90 vs. FLO: 1.92 )
FLO' s 10-Year Dividend Yield Range
Min: 0.2   Max: 3.28
Current: 1.92
0.2
3.28
Dividend Payout 0.6429
FLO's Dividend Payout is ranked higher than
79% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 0.77 vs. FLO: 0.6429 )
FLO' s 10-Year Dividend Payout Range
Min: 0.36   Max: 0.94
Current: 0.64
0.36
0.94
Dividend growth (3y) 8.8
FLO's Dividend growth (3y) is ranked higher than
94% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: -0.30 vs. FLO: 8.8 )
FLO' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 103.1
Current: 8.8
0
103.1
Yield on cost (5-Year) 3.41
FLO's Yield on cost (5-Year) is ranked higher than
94% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 1.96 vs. FLO: 3.41 )
FLO' s 10-Year Yield on cost (5-Year) Range
Min: 0.36   Max: 5.88
Current: 3.41
0.36
5.88
Share Buyback Rate 0.1
FLO's Share Buyback Rate is ranked higher than
87% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: -0.50 vs. FLO: 0.1 )
FLO' s 10-Year Share Buyback Rate Range
Min: 0   Max: -0.3
Current: 0.1

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 18.3
FLO's Price/Net Current Asset Value is ranked higher than
87% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 6.60 vs. FLO: 18.3 )
FLO' s 10-Year Price/Net Current Asset Value Range
Min: 5.1   Max: 15.9
Current: 18.3
5.1
15.9
Price/Tangible Book 23
FLO's Price/Tangible Book is ranked higher than
98% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 2.30 vs. FLO: 23 )
FLO' s 10-Year Price/Tangible Book Range
Min: 1.2   Max: 16
Current: 23
1.2
16
Price/DCF (Projected) 2.3
FLO's Price/DCF (Projected) is ranked higher than
87% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 1.50 vs. FLO: 2.3 )
FLO' s 10-Year Price/DCF (Projected) Range
Min: 1.2   Max: 1.6
Current: 2.3
1.2
1.6
Price/Median PS Value 1.6
FLO's Price/Median PS Value is ranked higher than
79% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 0.90 vs. FLO: 1.6 )
FLO' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.2
Current: 1.6
0.4
1.2
Price/Peter Lynch Fair Value 5.9
FLO's Price/Peter Lynch Fair Value is ranked lower than
71% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 1.75 vs. FLO: 5.9 )
FLO' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1   Max: 4.1
Current: 5.9
1
4.1
Price/Graham Number 5.9
FLO's Price/Graham Number is ranked higher than
95% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 1.40 vs. FLO: 5.9 )
FLO' s 10-Year Price/Graham Number Range
Min: 1.6   Max: 4.1
Current: 5.9
1.6
4.1
Earnings Yield (Greenblatt) 4.10
FLO's Earnings Yield (Greenblatt) is ranked higher than
83% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 6.50 vs. FLO: 4.10 )
FLO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.5   Max: 9.1
Current: 4.1
0.5
9.1
Forward Rate of Return (Yacktman) 7.75
FLO's Forward Rate of Return (Yacktman) is ranked higher than
87% of the 646 Companies
in the Global Packaged Foods industry.

( Industry Median: 6.13 vs. FLO: 7.75 )
FLO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 8.2   Max: 23.2
Current: 7.75
8.2
23.2

Business Description

Flowers Foods, Inc. was incorporated in Georgia in 2000. It is a producer and marketer of packaged bakery foods for retail and foodservice customers. The Company produces breads, buns, rolls, snack cakes and pastries that are distributed fresh to U.S. customers in the Southeast, Mid-Atlantic, and Southwest as well as select markets in California and Nevada and frozen to customers nationwide. The Company consists of two business segments: direct-store-delivery (DSD) and warehouse delivery. The DSD segment is focused on the production and marketing of bakery products to U.S. customers in the Southeast, Mid-Atlantic, and Southwest as well as select markets in California and Nevada mainly through its direct-store-delivery system. In its warehouse delivery segment, the Company produces snack cakes for sale to retail, vending, and co-pack customers as well as frozen bread, rolls and buns for sale to retail and foodservice customers. Its warehouse products are distributed nationally through mass merchandisers and brokers, as well as through warehouse and vending distributors. Additionally, the Company distributes to retail outlets to U.S. customers in the Southeast, Mid-Atlantic, and Southwest as well as select markets in California and Nevada through its DSD system. The Company's main baking ingredients are flour, sweeteners and shortening. It also uses paper products, such as corrugated cardboard and films and plastics to package its baked foods. The Company's fresh baked foods customer base includes mass merchandisers, supermarkets and other grocery retailers, restaurants, fast-food chains, food wholesalers, institutions and vending companies. It also sells returned and surplus product through a system of thrift outlets. The Company's packaged bakery snack products under the Mrs. Freshley's brand are sold mainly to customers who distribute the product nationwide through multiple channels of distribution, including mass merchandisers, supermarkets, vending outlets and convenience stores. It also produces packaged bakery snack products for the DSD system under its BlueBird brand. Its frozen bakery products are sold to foodservice distributors, institutions, retail in-store bakeries and restaurants under its European Bakers brand and under private labels. The United States packaged bakery category is intensely competitive and is comprised of large food companies, large independent bakeries with national distribution and smaller regional and local bakeries. Primary national competitors include Interstate Bakeries Corporation, Sara Lee Corporation, Grupo Bimbo S.A. de C.V., McKee Foods Corporation and Campbell Soup Company. Competitors for fresh packaged bakery snack products include Interstate Bakeries Corporation, McKee Foods Corporation and many regional companies who produce both branded and private label product. Competition is based upon the ability to meet production and distribution demands of retail and vending customers at a com
Company Website
SEC Reports
Industry: Packaged Foods
Compare:NSRGY, UNLYF, UNLVF, DANOY, GIS
ยป More Articles for FLO

Headlines

Articles On GuruFocus.com
My 4 Favorites From The Processed and Packaged Goods Industry Mar 16 2013 
The Best Yielding Ex-Dividend Stocks on Feb. 27, 2013 Feb 26 2013 
Flowers Foods Inc. (FLO) Dividend Stock Analysis Nov 02 2012 
Diamond Hill Capital Comments on Flowers Foods Oct 23 2012 
Lowe's (LOW) Joins Ranks of Dividend Kings Jun 11 2012 
Universal Health Realty Income Trust (UHT) Yields 6.3% After Dividend Increase Jun 11 2012 
Value Idea Contest Results Announcement; Win $1000 with New Contest Rules Apr 12 2012 
5 Consumer Goods Stocks to Consider Now Mar 07 2012 
Flowers Foods: Bakery producer with consistent growing business performance Jan 07 2012 
Weekly CFO Sales Highlight: EPIQ, INCY, AVB, JOSB, PCS, FLO Jun 12 2011 

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