Lancaster Colony Corp Stock Research

Market Summary

USD200.28-7.54

Market Closed

-3.63%

LANC Stock Price

LANC RSI Chart

LANC Valuation

Market Cap

5.5B

Price/Earnings (Trailing)

54.07

Price/Sales (Trailing)

3.14

EV/EBITDA

31.31

Price/Free Cashflow

70.33

LANC Price/Sales (Trailing)

LANC Profitability

EBT Margin

7.24%

Return on Equity

11.61%

Return on Assets

8.98%

Free Cashflow Yield

1.42%

LANC Fundamentals

LANC Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

11.43%

Revenue Q/Q

12.19%

LANC Earnings

Earnings (TTM)

102.1M

Earnings Y/Y

16.3%

Earnings Q/Q

6.33%

Price Action

52 Week Range

116.85214.00

(Low)(High)

Last 7 days

-0.2%

Last 30 days

4.1%

Last 90 days

-1.0%

Trailing 12 Months

31.3%

LANC Financial Health

Current Ratio

2.07

LANC Investor Care

Dividend Yield

1.63%

Dividend/Share (TTM)

3.27

Shares Dilution (1Y)

0.47%

Diluted EPS (TTM)

3.69

Peers (Alternatives to Lancaster Colony)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MDLZ	94.4B	31.5B	5.51%	14.45%	34.76	3	9.67%	-36.81%
GIS	47.8B	19.4B	5.26%	28.68%	16.42	2.47	4.08%	30.06%
KHC	47.3B	26.5B	-2.55%	1.31%	20.01	1.79	1.70%	133.50%
SJM	16.7B	8.3B	5.17%	19.43%	23.42	2	5.62%	23.40%
LW	14.6B	4.5B	1.70%	79.41%	30.92	3.25	15.82%	144.25%
MID-CAP
LANC	5.5B	1.8B	4.08%	31.31%	54.07	3.14	12.51%	-18.72%
PPC	5.3B	17.5B	-10.03%	-6.91%	7.05	0.3	18.21%	2306.23%
THS	2.8B	3.5B	1.35%	58.42%	-18.98	0.8	17.25%	-1070.40%
SMALL-CAP
BYND	1.0B	418.9M	-15.70%	-67.27%	-2.77	2.42	-9.85%	-101.06%
BRID	124.4M	263.4M	9.04%	29.23%	2.72	0.47	5.45%	786.05%
LWAY	96.8M	136.7M	8.41%	-12.10%	842.11	0.71	20.26%	-96.88%
PLAG	35.0M	-	-13.55%	-47.56%	-3.5	0.72	513.44%	-38.56%
RMCF	32.6M	33.1M	4.60%	-30.91%	-9.04	0.98	2.77%	-346.02%
RIBT	4.6M	39.0M	-22.81%	65.63%	-0.4	0.12	30.61%	-109.87%

Financials for Lancaster Colony

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.9%	1,759	1,710	1,676	1,610	1,563
Gross Profit	1.5%	368	362	356	354	376
S&GA Expenses	-0.4%	209	210	212	214	212
EBITDA	4.0%	173	167	158	166	210
EBITDA Margin	1.1%	0.10*	0.10*	0.09*	0.10*	0.13*
Earnings Before Taxes	5.3%	127	121	112	119	164
EBT Margin	2.4%	0.07*	0.07*	0.07*	0.07*	0.11*
Net Income	5.8%	102	97.00	90.00	92.00	126
Net Income Margin	2.9%	0.06*	0.06*	0.05*	0.06*	0.08*
Free Cahsflow	185.3%	79.00	28.00	-30.16	-43.01	0.00

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.5%	1,137	1,131	1,090	1,104	1,120
Current Assets	-1.1%	374	378	352	362	389
Cash Equivalents	48.7%	95.00	64.00	60.00	67.00	114
Inventory	-16.0%	139	166	145	166	155
Net PPE	2.8%	481	468	451	438	422
Goodwill	0%	208	208	208	208	208
Current Liabilities	-5.6%	180	191	166	179	173
Shareholder's Equity	2.0%	880	862	845	839	865
Retained Earnings	1.1%	1,517	1,501	1,485	1,478	1,505
Accumulated Depreciation	2.5%	353	344	334	337	331
Shares Outstanding	0.1%	28.00	28.00	28.00	28.00	27.00
Float	-	3,192	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	30.2%	200	154	102	94.00	125
Share Based Compensation	2.2%	10.00	10.00	10.00	9.00	8.00
Cashflow From Investing	3.4%	-121	-125	-132	-137	-125
Cashflow From Financing	-3.5%	-97.39	-94.09	-97.34	-100	-102
Dividend Payments	1.6%	90.00	88.00	87.00	85.00	84.00
Buy Backs	5.0%	2.00	2.00	8.00	11.00	14.00

Risks for LANC

What is the probability of a big loss on LANC?

60%

Probability that Lancaster Colony stock will be more than 20% underwater in next one year

9.2%

Probability that Lancaster Colony stock will be more than 30% underwater in next one year.

Probability that Lancaster Colony stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LANC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Lancaster Colony was unfortunately bought at previous high price.

Drawdowns

Returns for LANC

Cumulative Returns on LANC

12.4%

10-Year Cumulative Returns

10.6%

7-Year Cumulative Returns

12.2%

5-Year Cumulative Returns

16.0%

3-Year Cumulative Returns

What are the long-term rolling returns for LANC?

FIve years rolling returns for Lancaster Colony.

Annualized Returns

Which funds bought or sold LANC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-1.06	1,012,640	4,399,200	0.04%
2023-03-17	American Portfolios Advisors	unchanged	-	86.00	601	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-21.58	1,795,980	62,465,000	0.07%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	31,000	129,000	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	349,347	1,465,350	-%
2023-02-24	SRS Capital Advisors, Inc.	added	6.03	48,355	173,355	0.02%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-11.33	333,000	2,360,000	0.03%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	new	-	2,762	2,762	-%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-35.85	-67,757	362,243	0.01%
2023-02-21	KB FINANCIAL PARTNERS, LLC	reduced	-27.27	-	3,000	-%

Latest Funds Activity

Are funds buying LANC calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own LANC

No. of Funds

Lancaster Colony News

Schedule 13G FIlings of Lancaster Colony

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	7.69%	2,117,894	SC 13G/A
Feb 09, 2023	gerlach john b jr	5.2%	1,438,185	SC 13G/A
Feb 08, 2023	state street corp	6.31%	1,739,306	SC 13G/A
Jan 25, 2023	blackrock inc.	8.8%	2,411,196	SC 13G/A
Feb 11, 2022	state street corp	5.70%	1,569,163	SC 13G/A
Feb 11, 2022	gerlach john b jr	5.4%	1,473,463	SC 13G/A
Feb 10, 2022	vanguard group inc	7.40%	2,038,561	SC 13G/A
Feb 01, 2022	blackrock inc.	8.0%	2,215,035	SC 13G/A
Feb 16, 2021	state street corp	4.11%	1,130,997	SC 13G/A
Feb 11, 2021	gerlach john b jr	5.4%	1,492,937	SC 13G/A

LANC Fair Value

Lancaster Colony fair value in different scenarios

The table shows the Fair Value estimates for Lancaster Colony for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	70.57 -64.76%	96.60 -51.77%	125.88 -37.15%	166.91 -16.66%	213.06 6.38%
Current Inflation	64.91 -67.59%	87.09 -56.52%	111.47 -44.34%	145.79 -27.21%	184.34 -7.96%
Very High Inflation	57.88 -71.10%	75.62 -62.24%	94.52 -52.81%	121.33 -39.42%	151.43 -24.39%

Historical Lancaster Colony Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Lancaster Colony

View All Filings

Date Filed	Form Type	Document
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 08, 2023	SC 13G/A	Major Ownership Report
Feb 03, 2023	8-K	Current Report
Feb 02, 2023	8-K	Current Report

Latest Insider Trading transactions for LANC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-25	Ciesinski David Alan	sold (taxes)	-278,817	192	-1,449	president and ceo
2023-02-25	Nagle David S.	sold (taxes)	-43,486	192	-226	chief supply chn off-tmarzetti
2023-02-25	Stealey Carl R.	sold (taxes)	-43,486	192	-226	president-t marzetti retail
2023-02-25	Thomas K. Pigott	sold (taxes)	-60,997	192	-317	vp, cfo and asst. secretary
2023-02-25	Bird Kristin	sold (taxes)	-43,871	192	-228	president-foodservice division
2022-12-14	Bird Kristin	sold	-305,051	198	-1,535	president-foodservice division
2022-12-12	Stealey Carl R.	back to issuer	-1,666,710	201	-8,267	president-t marzetti retail
2022-12-12	Stealey Carl R.	sold	-118,723	200	-591	president-t marzetti retail
2022-12-12	Stealey Carl R.	sold (taxes)	-129,837	201	-644	president-t marzetti retail
2022-12-12	Stealey Carl R.	acquired	1,666,480	159	10,426	president-t marzetti retail

About Lancaster Colony

David A. Ciesinski

www.lancastercolony.com

3200

Lancaster Colony Corporation manufactures and markets food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Cardini's, and Girard's; flatbread wraps and pizza crusts under the Flatout brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti; frozen pasta under the Marzetti Frozen Pasta brand; and vegetable and fruit dips under the Marzetti brand. In addition, it manufactures and sells other products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces and Chick-fil-A sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. Lancaster Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio.

LANC Income Statement

2022-12-31

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net Sales	$ 477,394	$ 428,427	$ 902,931	$ 820,483
Cost of Sales	375,292	331,825	701,774	631,514
Gross Profit	102,102	96,602	201,157	188,969
Selling, General and Administrative Expenses	50,775	51,538	100,532	103,394
Change in Contingent Consideration	0	(2,170)	0	(2,170)
Restructuring and Impairment Charges	0	1,928	0	1,928
Operating Income	51,327	45,306	100,625	85,817
Other, Net	478	111	208	131
Income Before Income Taxes	51,805	45,417	100,833	85,948
Taxes Based on Income	11,832	11,047	23,268	20,923
Net Income	$ 39,973	$ 34,370	$ 77,565	$ 65,025
Net Income Per Common Share:
Basic (in dollars per share)	$ 1.45	$ 1.25	$ 2.82	$ 2.36
Diluted (in dollars per share)	$ 1.45	$ 1.25	$ 2.81	$ 2.36
Weighted Average Common Shares Outstanding:
Basic (in shares)	27,471	27,443	27,460	27,451
Diluted (in shares)	27,493	27,464	27,476	27,490

LANC Balance Sheet

2022-12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Current Assets:
Cash and equivalents	$ 95,487	$ 60,283
Receivables	126,919	135,496
Inventories:
Raw materials	57,795	56,460
Finished goods	81,618	88,242
Total inventories	139,413	144,702
Other current assets	11,817	11,300
Total current assets	373,636	351,781
Property, Plant and Equipment:
Property, plant and equipment-gross	833,871	785,629
Less accumulated depreciation	352,797	334,261
Property, plant and equipment-net	481,074	451,368
Other Assets:
Goodwill	208,371	208,371
Other intangible assets-net	31,066	32,323
Operating lease right-of-use assets	25,283	28,177
Other noncurrent assets	17,741	18,354
Total	1,137,171	1,090,374
Current Liabilities:
Accounts payable	131,688	114,972
Accrued liabilities	48,483	50,613
Total current liabilities	180,171	165,585
Noncurrent Operating Lease Liabilities	17,628	20,494
Other Noncurrent Liabilities	19,471	20,719
Deferred Income Taxes	40,351	38,889
Commitments and Contingencies
Shareholders' Equity:
Preferred stock-authorized 3,050,000 shares; outstanding-none
Common stock-authorized 75,000,000 shares; outstanding-December-27,571,087 shares; June-27,520,237 shares	140,660	137,814
Retained earnings	1,517,081	1,485,045
Accumulated other comprehensive loss	(10,982)	(11,172)
Common stock in treasury, at cost	(767,209)	(767,000)
Total shareholders' equity	879,550	844,687
Total	$ 1,137,171	$ 1,090,374