TreeHouse Foods Inc Stock Research

Market Summary

USD47.260.00

Market Closed

0.00%

THS Alerts

Losses in recent quarter

THS Stock Price

THS RSI Chart

THS Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

-18.12

Price/Sales (Trailing)

0.77

EV/EBITDA

19.44

Price/Free Cashflow

-11.15

THS Price/Sales (Trailing)

THS Profitability

Operating Margin

14.91%

EBT Margin

-0.23%

Return on Equity

-8.67%

Return on Assets

-3.44%

Free Cashflow Yield

-8.97%

THS Fundamentals

THS Revenue

Revenue (TTM)

3.5B

Revenue Y/Y

22.04%

Revenue Q/Q

13.85%

THS Earnings

Earnings (TTM)

-146.3M

Earnings Y/Y

19.59%

Earnings Q/Q

74.14%

Price Action

52 Week Range

30.0651.55

(Low)(High)

Last 7 days

-3.3%

Last 30 days

-2.2%

Last 90 days

4.0%

Trailing 12 Months

43.6%

THS Financial Health

Current Ratio

0.98

Debt/Equity

0.83

Debt/Cashflow

-0.11

THS Investor Care

Shares Dilution (1Y)

0.54%

Diluted EPS (TTM)

-2.6

Peers (Alternatives to TreeHouse Foods)

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	91.4B	31.5B	0.20%	10.51%	33.65	2.9	9.67%	-36.81%
GIS	47.8B	19.4B	5.68%	30.69%	16.42	2.47	4.08%	30.06%
KHC	46.8B	26.5B	-5.50%	3.91%	19.79	1.77	1.70%	133.50%
SJM	16.4B	8.3B	2.74%	21.32%	23.04	1.97	5.62%	23.40%
LW	14.2B	4.5B	-1.61%	95.64%	29.89	3.14	15.82%	144.25%
MID-CAP
PPC	5.6B	17.5B	-3.30%	3.89%	7.5	0.32	18.21%	2306.23%
LANC	5.5B	1.8B	1.11%	25.61%	53.54	3.11	12.51%	-18.72%
THS	2.7B	3.5B	-2.25%	43.56%	-18.12	0.77	17.25%	-1070.40%
SMALL-CAP
BYND	1.1B	418.9M	5.51%	-56.16%	-2.93	2.57	-9.85%	-101.06%
BRID	126.4M	263.4M	10.69%	27.76%	2.77	0.48	5.45%	786.05%
LWAY	94.8M	136.7M	8.35%	-13.96%	824.6	0.69	20.26%	-96.88%
PLAG	37.9M	-	-5.36%	-29.88%	-3.8	0.72	513.44%	-38.56%
RMCF	32.6M	33.1M	-	-31.32%	-9.02	0.98	2.77%	-346.02%
RIBT	5.7M	39.0M	-4.42%	165.68%	-0.49	0.15	30.61%	-109.87%

Financials for TreeHouse Foods

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.5%	3,454	3,274	3,151	3,013	2,946
Cost Of Revenue	-15.1%	2,939	3,462	3,342	3,143	2,479
Gross Profit	11.7%	515	461	458	448	467
Operating Expenses	-19.5%	536	666	644	623	527
S&GA Expenses	-17.9%	219	267	265	252	200
R&D Expenses	-	19.00	-	-	-	-
EBITDA	72.6%	206	119	229	256	-
EBITDA Margin	63.6%	0.06*	0.04*	0.04*	0.06*	-
Earnings Before Taxes	92.0%	-7.80	-98.10	-89.50	-91.70	-102
EBT Margin	92.5%	0.00*	-0.03*	-0.01*	-0.01*	-
Interest Expenses	-5.4%	70.00	74.00	73.00	71.00	72.00
Net Income	3.8%	-146	-152	-54.80	-17.00	-12.50
Net Income Margin	8.8%	-0.04*	-0.05*	-0.01*	0.00*	-
Free Cahsflow	-367.8%	-237	89.00	241	163	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-18.0%	4,254	5,188	5,267	5,228	5,208
Current Assets	-62.9%	815	2,195	1,352	1,278	2,183
Cash Equivalents	-42.4%	43.00	75.00	199	193	305
Inventory	-9.2%	590	649	854	742	462
Goodwill	0.0%	1,818	1,817	2,180	2,184	1,822
Liabilities	-26.1%	2,567	3,473	3,454	3,380	3,362
Current Liabilities	-34.3%	828	1,259	1,174	1,086	1,158
Long Term Debt	-25.8%	1,394	1,879	1,884	1,887	1,890
Shareholder's Equity	-1.6%	1,687	1,715	1,814	1,848	1,845
Retained Earnings	-8.4%	-302	-278	-188	-158	-155
Additional Paid-In Capital	0.2%	2,205	2,201	2,194	2,188	2,187
Shares Outstanding	0%	56.00	56.00	56.00	56.00	56.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-196.2%	-150	157	349	263	325
Share Based Compensation	3.1%	20.00	19.00	15.00	14.00	14.00
Cashflow From Investing	453.6%	412	-116	-115	-28.90	-16.80
Cashflow From Financing	-1895.0%	-522	-26.20	-49.40	-88.70	-362
Buy Backs	NaN%	0.00	0.00	0.00	25.00	-

Risks for THS

What is the probability of a big loss on THS?

83.8%

Probability that TreeHouse Foods stock will be more than 20% underwater in next one year

64.6%

Probability that TreeHouse Foods stock will be more than 30% underwater in next one year.

14.6%

Probability that TreeHouse Foods 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 THS drawdown profile look like?

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

Drawdowns

Returns for THS

Cumulative Returns on THS

-2.6%

10-Year Cumulative Returns

-8.1%

7-Year Cumulative Returns

2.7%

5-Year Cumulative Returns

7.5%

3-Year Cumulative Returns

What are the long-term rolling returns for THS?

FIve years rolling returns for TreeHouse Foods.

Annualized Returns

Which funds bought or sold THS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	39.49	544,367	1,416,370	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-	-	-%
2023-02-28	Voya Investment Management LLC	reduced	-20.5	-78,041	966,959	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-11.1	25,000	764,000	0.01%
2023-02-21	MACQUARIE GROUP LTD	added	7,281	2,105,000	2,162,000	-%
2023-02-16	MAVERICK CAPITAL LTD	new	-	235,246	235,246	0.01%
2023-02-16	HARBOUR INVESTMENTS, INC.	added	2.8	8,763	50,763	-%
2023-02-16	GHP Investment Advisors, Inc.	unchanged	-	-161	839	-%
2023-02-15	Engine Capital Management, LP	unchanged	-	-	3,000	-%
2023-02-15	State of Tennessee, Treasury Department	reduced	-7.54	175,000	2,477,000	0.01%

Latest Funds Activity

Are funds buying THS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own THS

No. of Funds

THS Alerts

Losses in recent quarter

TreeHouse Foods News

Schedule 13G FIlings of TreeHouse Foods

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	t. rowe price investment management, inc.	11.9%	6,689,668	SC 13G/A
Feb 09, 2023	vanguard group inc	11.39%	6,385,115	SC 13G/A
Jan 23, 2023	blackrock inc.	15.2%	8,501,530	SC 13G/A
Jul 11, 2022	price t rowe associates inc /md/	11.7%	6,591,162	SC 13G/A
Apr 12, 2022	jana partners llc	9.2%	5,131,097	SC 13D/A
Feb 14, 2022	price t rowe associates inc /md/	17.0%	9,499,610	SC 13G/A
Feb 11, 2022	champlain investment partners, llc	0.00%	0	SC 13G/A
Jan 28, 2022	blackrock inc.	15.7%	8,780,765	SC 13G/A
Jan 28, 2022	jana partners llc	9.2%	5,142,854	SC 13D/A
Dec 30, 2021	jana partners llc	9.2%	5,153,415	SC 13D/A

THS Fair Value

TreeHouse Foods fair value in different scenarios

The table shows the Fair Value estimates for TreeHouse Foods 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	17.08 -63.86%	20.15 -57.36%	24.91 -47.29%	32.99 -30.19%	38.02 -19.55%
Current Inflation	16.63 -64.81%	19.50 -58.74%	23.91 -49.41%	31.17 -34.05%	35.70 -24.46%
Very High Inflation	16.03 -66.08%	18.66 -60.52%	22.62 -52.14%	28.85 -38.95%	32.78 -30.64%

Historical TreeHouse Foods Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of TreeHouse Foods

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 13, 2023	DEF 14A	DEF 14A
Mar 13, 2023	DEFA14A	DEFA14A
Mar 03, 2023	PRE 14A	PRE 14A

Latest Insider Trading transactions for THS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-29	Smith Timothy J	acquired	-	-	3,747	svp, division president
2022-12-29	Lewis Sean	sold (taxes)	-89,633	48.9	-1,833	svp, chief customer officer
2022-12-29	Smith Timothy J	sold (taxes)	-53,692	48.9	-1,098	svp, division president
2022-12-29	WATERMAN KRISTY N.	acquired	-	-	9,093	evp, general counsel and chro
2022-12-29	Philip Amit	sold (taxes)	-95,208	48.9	-1,947	svp, chief strategy officer
2022-12-29	Lewis Sean	acquired	-	-	6,246	svp, chief customer officer
2022-12-29	WATERMAN KRISTY N.	sold (taxes)	-130,416	48.9	-2,667	evp, general counsel and chro
2022-12-29	Philip Amit	acquired	-	-	6,636	svp, chief strategy officer
2022-11-11	ODonnell Patrick M	sold (taxes)	-12,951	47.44	-273	chief accounting officer
2022-11-11	ODonnell Patrick M	acquired	-	-	930	chief accounting officer

About TreeHouse Foods

Steven Oakland

www.treehousefoods.com

10000

TreeHouse Foods, Inc. manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups. The Snacking & Beverages segment offers bars, broths, candies, cookies, crackers, in-store bakery products, pita chips, powdered drinks, pretzels, ready-to-drink coffee, retail griddle waffles, pancakes, French toasts, specialty teas, and sweeteners. The company sells its products through various distribution channels, including retailers, foodservice distributors, and co-manufacturers, as well as industrial and export, which includes food manufacturers and repackagers of foodservice products. TreeHouse Foods, Inc. was founded in 1862 and is based in Oak Brook, Illinois.

THS Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Sep. 30, 2022

Sep. 30, 2021

Income Statement [Abstract]

Net sales

$ 875.0

$ 751.7

$ 2,457.8

$ 2,129.6

Cost of sales

745.7

625.8

2,118.8

1,784.8

Gross profit

129.3

125.9

339.0

344.8

Operating expenses:

Selling and distribution

52.0

50.1

167.9

143.8

General and administrative

51.5

38.1

160.5

142.0

Amortization expense

11.9

11.8

35.7

35.4

Other operating expense, net

23.4

16.9

66.4

57.8

Total operating expenses

138.8

116.9

430.5

379.0

Operating (loss) income

(9.5)

9.0

(91.5)

(34.2)

Other expense (income):

Interest expense

17.5

16.5

51.2

55.5

Loss on extinguishment of debt

0.0

14.4

Loss (gain) on foreign currency exchange

3.0

0.6

3.0

(0.3)

Other income, net

(16.9)

(3.6)

(84.7)

(38.7)

Total other expense (income)

3.6

13.5

(30.5)

30.9

Loss before income taxes

(13.1)

(4.5)

(61.0)

(65.1)

Income tax expense (benefit)

2.0

(0.4)

(4.8)

(15.0)

Net loss from continuing operations

(15.1)

(4.1)

(56.2)

(50.1)

Net (loss) income from discontinued operations

(75.4)

10.8

(66.7)

66.7

Net (loss) income

$ (90.5)

$ 6.7

$ (122.9)

$ 16.6

Earnings (loss) per common share - basic:

Continuing operations (in usd per share)

$ (0.27)

$ (0.07)

$ (1.00)

$ (0.90)

Discontinued operations (in usd per share)

(1.34)

0.19

(1.19)

1.19

Earnings (loss) per share basic (in usd per share)

^[1]

(1.61)

0.12

(2.19)

0.30

Earnings (loss) per common share - diluted:

Continuing operations (in usd per share)

(0.27)

(0.07)

(1.00)

(0.90)

Discontinued operations (in usd per share)

(1.34)

0.19

(1.19)

1.19

Earnings (loss) per share diluted (in usd per share)

^[1]

$ (1.61)

$ 0.12

$ (2.19)

$ 0.30

Weighted average common shares:

Basic (in shares)

56.1

55.8

56.0

55.9

Diluted (in shares)

56.1

55.8

56.0

55.9

[1]	The sum of the individual per share amounts may not add due to rounding.

THS Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 74.7	$ 304.5
Receivables, net	155.1	151.3
Inventories	648.9	461.6
Prepaid expenses and other current assets	64.6	57.0
Assets of discontinued operations	1,251.7	1,208.1
Total current assets	2,195.0	2,182.5
Property, plant, and equipment, net	655.8	700.1
Operating lease right-of-use assets	182.9	138.1
Goodwill	1,817.0	1,821.9
Intangible assets, net	305.4	336.6
Other assets, net	32.0	28.6
Total assets	5,188.1	5,207.8
Current liabilities:
Accounts payable	721.9	625.9
Accrued expenses	186.5	233.9
Current portion of long-term debt	11.3	15.4
Liabilities of discontinued operations	339.4	282.5
Total current liabilities	1,259.1	1,157.7
Long-term debt	1,879.4	1,890.0
Operating lease liabilities	158.6	119.0
Deferred income taxes	106.9	105.1
Other long-term liabilities	69.1	90.6
Total liabilities	3,473.1	3,362.4
Commitments and contingencies (Note 18)
Stockholders' equity:
Preferred stock, par value $0.01 per share, 10.0 shares authorized, none issued	0.0	0.0
Common stock, par value $0.01 per share, 90.0 shares authorized, 56.1 and 55.8 shares outstanding as of September 30, 2022 and December 31, 2021, respectively	0.6	0.6
Treasury stock	(133.3)	(133.3)
Additional paid-in capital	2,200.5	2,187.4
Accumulated deficit	(278.6)	(155.7)
Accumulated other comprehensive loss	(74.2)	(53.6)
Total stockholders' equity	1,715.0	1,845.4
Total liabilities and stockholders' equity	$ 5,188.1	$ 5,207.8