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Performance Food Group

NYSE:PFGC
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PFGC
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Consumer Retailing
Company description

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
  • Performance Food Group has significant price volatility in the past 3 months.
PFGC Share Price and Events
7 Day Returns
14.9%
NYSE:PFGC
6%
US Consumer Retailing
2.4%
US Market
1 Year Returns
-34.8%
NYSE:PFGC
13.1%
US Consumer Retailing
-10%
US Market
PFGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Performance Food Group (PFGC) 14.9% -25.4% -50.7% -34.8% 8.3% -
US Consumer Retailing 6% -1.8% -3.4% 13.1% 34.3% 29%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • PFGC underperformed the Consumer Retailing industry which returned 13.1% over the past year.
  • PFGC underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
PFGC
Industry
5yr Volatility vs Market

Value

 Is Performance Food Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Performance Food Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Performance Food Group.

NYSE:PFGC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:PFGC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.391 (1 + (1- 21%) (91.5%))
0.782
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.8 * 5.44%)
6.09%

Discounted Cash Flow Calculation for NYSE:PFGC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Performance Food Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:PFGC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.09%)
2020 127.95 Analyst x2 120.60
2021 303.30 Analyst x2 269.47
2022 318.05 Analyst x2 266.35
2023 359.00 Analyst x1 283.38
2024 445.00 Analyst x1 331.09
2025 488.07 Est @ 9.68% 342.28
2026 523.68 Est @ 7.3% 346.17
2027 553.16 Est @ 5.63% 344.66
2028 577.84 Est @ 4.46% 339.36
2029 598.91 Est @ 3.65% 331.54
Present value of next 10 years cash flows $2,974.00
NYSE:PFGC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $598.91 × (1 + 1.74%) ÷ (6.09% – 1.74%)
$14,001.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $14,001.20 ÷ (1 + 6.09%)10
$7,750.66
NYSE:PFGC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,974.00 + $7,750.66
$10,724.66
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $10,724.66 / 117.18
$91.52
NYSE:PFGC Discount to Share Price
Calculation Result
Value per share (USD) From above. $91.52
Current discount Discount to share price of $25.84
= -1 x ($25.84 - $91.52) / $91.52
71.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Performance Food Group is available for.
Intrinsic value
>50%
Share price is $25.84 vs Future cash flow value of $91.52
Current Discount Checks
For Performance Food Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Performance Food Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Performance Food Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Performance Food Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Performance Food Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:PFGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-28) in USD $1.66
NYSE:PFGC Share Price ** NYSE (2020-04-07) in USD $25.84
United States of America Consumer Retailing Industry PE Ratio Median Figure of 21 Publicly-Listed Consumer Retailing Companies 18.03x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Performance Food Group.

NYSE:PFGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PFGC Share Price ÷ EPS (both in USD)

= 25.84 ÷ 1.66

15.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Performance Food Group is good value based on earnings compared to the US Consumer Retailing industry average.
  • Performance Food Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Performance Food Group's expected growth come at a high price?
Raw Data
NYSE:PFGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
24.5%per year
United States of America Consumer Retailing Industry PEG Ratio Median Figure of 13 Publicly-Listed Consumer Retailing Companies 4.48x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

NYSE:PFGC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.56x ÷ 24.5%

0.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Performance Food Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Performance Food Group's assets?
Raw Data
NYSE:PFGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-28) in USD $13.20
NYSE:PFGC Share Price * NYSE (2020-04-07) in USD $25.84
United States of America Consumer Retailing Industry PB Ratio Median Figure of 29 Publicly-Listed Consumer Retailing Companies 1.24x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NYSE:PFGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PFGC Share Price ÷ Book Value per Share (both in USD)

= 25.84 ÷ 13.20

1.96x

* Primary Listing of Performance Food Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Performance Food Group is overvalued based on assets compared to the US Consumer Retailing industry average.
X
Value checks
We assess Performance Food Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Performance Food Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Performance Food Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Performance Food Group expected to grow at an attractive rate?
  • Performance Food Group's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Performance Food Group's earnings growth is expected to exceed the United States of America market average.
  • Performance Food Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:PFGC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:PFGC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 24.5%
NYSE:PFGC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 8.3%
United States of America Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
United States of America Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:PFGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PFGC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 33,814 693 347 1
2023-06-30 32,002 564 293 1
2022-06-30 32,710 592 294 3
2021-06-30 30,399 357 221 6
2020-06-30 25,889 347 108 6
2020-04-08
NYSE:PFGC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-28 22,900 405 173
2019-09-28 21,447 369 175
2019-06-29 19,744 317 167
2019-03-30 18,439 398 168
2018-12-29 18,099 404 169
2018-09-29 17,795 383 204
2018-06-30 17,620 367 199
2018-03-31 17,454 329 175
2017-12-30 17,340 260 162
2017-09-30 17,081 293 107
2017-07-01 16,762 202 96
2017-04-01 16,706 219 85
2016-12-31 16,380 200 74

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Performance Food Group's earnings are expected to grow significantly at over 20% yearly.
  • Performance Food Group's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:PFGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Performance Food Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PFGC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 2.98 2.98 2.98 1.00
2023-06-30 2.51 2.51 2.51 1.00
2022-06-30 2.50 3.05 2.14 3.00
2021-06-30 1.89 2.60 1.21 4.00
2020-06-30 0.99 1.80 0.09 4.00
2020-04-08
NYSE:PFGC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-28 1.66
2019-09-28 1.68
2019-06-29 1.61
2019-03-30 1.62
2018-12-29 1.64
2018-09-29 1.99
2018-06-30 1.95
2018-03-31 1.72
2017-12-30 1.61
2017-09-30 1.06
2017-07-01 0.96
2017-04-01 0.85
2016-12-31 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Performance Food Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Performance Food Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Performance Food Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Performance Food Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Performance Food Group's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Performance Food Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Performance Food Group's 1-year earnings growth is less than its 5-year average (1.8% vs 28.9%)
  • Performance Food Group's earnings growth has exceeded the US Consumer Retailing industry average in the past year (1.8% vs -2.9%).
Earnings and Revenue History
Performance Food Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Performance Food Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PFGC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-28 22,899.70 172.80 2,293.60
2019-09-28 21,446.80 174.70 2,211.20
2019-06-29 19,743.50 166.80 2,113.50
2019-03-30 18,439.10 168.00 2,001.50
2018-12-29 18,099.30 169.40 1,992.00
2018-09-29 17,794.70 204.30 1,973.70
2018-06-30 17,619.90 198.70 1,939.00
2018-03-31 17,454.10 174.70 1,880.30
2017-12-30 17,339.90 161.80 1,855.80
2017-09-30 17,080.60 106.70 1,805.10
2017-07-01 16,761.80 96.30 1,822.30
2017-04-01 16,705.80 85.10 1,789.80
2016-12-31 16,379.90 73.70 1,761.60
2016-10-01 16,222.00 68.30 1,730.50
2016-07-02 16,104.80 68.30 1,689.20
2016-03-26 15,716.30 73.30 1,587.60
2015-12-26 15,602.70 66.80 1,598.30
2015-09-26 15,501.30 62.10 1,634.30
2015-06-27 15,270.00 56.50 1,566.90
2015-03-28 14,928.04 34.71 1,678.69
2014-06-28 13,685.70 15.50 1,508.10
2013-06-29 12,826.50 8.40 1,408.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Performance Food Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Performance Food Group used its assets less efficiently than the US Consumer Retailing industry average last year based on Return on Assets.
  • Performance Food Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Performance Food Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Performance Food Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Performance Food Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Performance Food Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Performance Food Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Performance Food Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Performance Food Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Performance Food Group Company Filings, last reported 3 months ago.

NYSE:PFGC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-28 1,378.50 2,188.40 12.70
2019-09-28 1,333.10 2,212.10 16.00
2019-06-29 1,298.20 1,205.30 16.60
2019-03-30 1,234.20 1,042.10 7.70
2018-12-29 1,205.10 1,188.40 7.50
2018-09-29 1,165.30 1,159.80 8.60
2018-06-30 1,135.30 1,123.00 11.50
2018-03-31 1,061.40 1,199.10 7.50
2017-12-30 1,015.50 1,358.70 10.10
2017-09-30 949.40 1,314.70 6.90
2017-07-01 925.50 1,248.00 8.40
2017-04-01 880.70 1,264.30 7.80
2016-12-31 853.60 1,307.20 11.70
2016-10-01 820.60 1,243.00 8.90
2016-07-02 802.80 1,121.40 10.90
2016-03-26 769.80 1,186.00 10.70
2015-12-26 756.10 1,228.00 9.00
2015-09-26 505.50 1,470.10 11.50
2015-06-27 493.00 1,392.70 9.20
2015-03-28 457.37 1,475.35 6.76
2014-06-28 434.10 1,435.70 5.30
2013-06-29 420.01 1,457.13 14.08
  • Performance Food Group's level of debt (158.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (325.1% vs 158.8% today).
  • Debt is not well covered by operating cash flow (18.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Performance Food Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Performance Food Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Performance Food Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Performance Food Group dividends. Estimated to be 0% next year.
If you bought $2,000 of Performance Food Group shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Performance Food Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Performance Food Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:PFGC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:PFGC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Performance Food Group has not reported any payouts.
  • Unable to verify if Performance Food Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Performance Food Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Performance Food Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Performance Food Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Performance Food Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Performance Food Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Performance Food Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Performance Food Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Holm
COMPENSATION $6,061,690
AGE 64
TENURE AS CEO 17.6 years
CEO Bio

Mr. George L. Holm has been the Chief Executive Officer and President of Performance Food Group Company since September 2002. Mr. Holm served as an Acting Chief Executive Officer and President of Performance Foodservice. He served as the Chief Executive Officer and President at Performance Food Group of Texas, LLC. Mr. Holm has been the Chief Executive Officer and President at Performance Food Group Company, LLC (now Performance Food Group, Inc.) since May 2008. He served as the Chief Executive Officer of Roma Food Enterprises, Inc., a subsidiary of Performance Food Group Co. He served as the Chief Executive Officer of VISTAR Specialty distribution centers VistaCorporation. He served as the President of Roma Food Enterprises, Inc., a subsidiary of Performance Food Group Co. He has been an executive in the fcoodservice distribution industry for 30 years and prior to joining VISTAR, he held senior leadership roles with Alliant Food service Inc., U.S. Foodservice Inc., and Sysco Corporation. In 2002,. He served as a Director of UniPro Foodservice, Inc. He serves as a Director of Performance Food Group Company, LLC. He is the Chairman of Performance Food Group Company since January 31, 2019. He has been a Director at Performance Food Group Company since 2002. Mr. Holm received a bachelor’s degree in business administration from Grand Canyon University

CEO Compensation
  • George's compensation has been consistent with company performance over the past year, both up more than 20%.
  • George's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Performance Food Group management team in years:

2.1
Average Tenure
57.5
Average Age
  • The tenure for the Performance Food Group management team is about average.
Management Team

George Holm

TITLE
President
COMPENSATION
$6M
AGE
64
TENURE
17.6 yrs

Jim Hope

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
59
TENURE
2.1 yrs

Pat Hagerty

TITLE
Executive Vice President
COMPENSATION
$2M
AGE
61
TENURE
11.6 yrs

Craig Hoskins

TITLE
President
COMPENSATION
$1M
AGE
58
TENURE
1.2 yrs

Christine Vlahcevic

TITLE
Chief Accounting Officer & VP
AGE
57

Don Bulmer

TITLE
Senior VP & Chief Information Officer
AGE
54
TENURE
1.1 yrs

Bill Marshall

TITLE
Vice President of Investor Relations

Allen King

TITLE
Senior VP
AGE
50
TENURE
4.1 yrs

Trisha Meade

TITLE
Director of Communications & Engagement

Erika Davis

TITLE
Senior VP & Chief HR Officer
AGE
55
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Performance Food Group board of directors in years:

1.6
Average Tenure
62
Average Age
  • The average tenure for the Performance Food Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

George Holm

TITLE
President
COMPENSATION
$6M
AGE
64
TENURE
1.3 yrs

Jeff Overly

TITLE
Independent Director
COMPENSATION
$220K
AGE
61
TENURE
7.3 yrs

Manny Fernandez

TITLE
Lead Independent Director
COMPENSATION
$251K
AGE
73
TENURE
1.3 yrs

Matt Flanigan

TITLE
Independent Director
AGE
57
TENURE
0.4 yrs

Bill Dawson

TITLE
Director
COMPENSATION
$220K
AGE
55
TENURE
18.3 yrs

Meredith Adler

TITLE
Independent Director
COMPENSATION
$220K
AGE
65
TENURE
3.6 yrs

Kimberly Grant

TITLE
Independent Director
COMPENSATION
$220K
AGE
48
TENURE
2.8 yrs

Randy Spratt

TITLE
Independent Director
COMPENSATION
$226K
AGE
67
TENURE
1.9 yrs

Barbara Beck

TITLE
Independent Director
AGE
58
TENURE
0.4 yrs

Dave Singer

TITLE
Independent Director
AGE
63
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • Performance Food Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Mar 20 Buy Matthew Flanigan Individual 28. Feb 20 28. Feb 20 2,000 $41.86 $83,710
12. Feb 20 Sell George Holm Individual 10. Feb 20 10. Feb 20 -19,000 $53.77 $-1,021,717
11. Feb 20 Buy Matthew Flanigan Individual 07. Feb 20 11. Feb 20 10,000 $53.90 $531,918
20. Aug 19 Sell Christine Vlahcevic Individual 16. Aug 19 16. Aug 19 -4,000 $45.27 $-181,090
X
Management checks
We assess Performance Food Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Performance Food Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here’s What Performance Food Group Company’s (NYSE:PFGC) Return On Capital Can Tell Us

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Performance Food Group:0.096 = US$283m ÷ (US$4.7b - US$1.7b) (Based on the trailing twelve months to June 2019.) Therefore, Performance Food Group has an ROCE of 9.6%. … Performance Food Group's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Performance Food Group's ROCE is improved somewhat by its moderate amount of current liabilities.

Simply Wall St -

Trade Alert: The Chief Accounting Officer & VP Of Performance Food Group Company (NYSE:PFGC), Christine Vlahcevic, Has Sold Some Shares Recently

Check out our latest analysis for Performance Food Group Performance Food Group Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the insider, Terry West, sold US$354k worth of shares at a price of US$33.20 per share. … In the last year Performance Food Group insiders didn't buy any company stock. … Performance Food Group insiders own 2.7% of the company, currently worth about US$133m based on the recent share price.

Simply Wall St -

Is Performance Food Group Company's (NYSE:PFGC) CEO Paid At A Competitive Rate?

George Holm became the CEO of Performance Food Group Company (NYSE:PFGC) in 2002. … Our data indicates that Performance Food Group Company is worth US$4.6b, and total annual CEO compensation is US$5.2m. … NYSE:PFGC CEO Compensation, August 14th 2019 Is Performance Food Group Company Growing?

Simply Wall St -

Estimating The Intrinsic Value Of Performance Food Group Company (NYSE:PFGC)

Today we will run through one way of estimating the intrinsic value of Performance Food Group Company (NYSE:PFGC) by estimating the company's future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $172.8m $189.4m $230.0m $249.7m $266.8m $281.7m $295.1m $307.3m $318.7m $329.6m Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x1 Est @ 8.58% Est @ 6.83% Est @ 5.6% Est @ 4.74% Est @ 4.13% Est @ 3.71% Est @ 3.42% Present Value ($, Millions) Discounted @ 7.5% $160.7 $163.9 $185.2 $187.0 $185.8 $182.6 $177.9 $172.3 $166.2 $159.9 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $1.7b After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.5%.

Simply Wall St -

Despite Its High P/E Ratio, Is Performance Food Group Company (NYSE:PFGC) Still Undervalued?

Performance Food Group has a price to earnings ratio of 26.08, based on the last twelve months. … See our latest analysis for Performance Food Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Performance Food Group: P/E of 26.08 = $42.3 ÷ $1.62 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Performance Food Group (NYSE:PFGC) Has A Pretty Healthy Balance Sheet

NYSE:PFGC Historical Debt, July 8th 2019 A Look At Performance Food Group's Liabilities We can see from the most recent balance sheet that Performance Food Group had liabilities of US$1.60b falling due within a year, and liabilities of US$1.39b due beyond that. … Because it carries more debt than cash, we think it's worth watching Performance Food Group's balance sheet over time. … Our View When it comes to the balance sheet, the standout positive for Performance Food Group was the fact that it seems able to convert EBIT to free cash flow confidently.

Simply Wall St -

Did Performance Food Group Company (NYSE:PFGC) Use Debt To Deliver Its ROE Of 14%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Performance Food Group: 14% = US$168m ÷ US$1.2b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Performance Food Group Have A Good Return On Equity? … Combining Performance Food Group's Debt And Its 14% Return On Equity Although Performance Food Group does use debt, its debt to equity ratio of 0.96 is still low.

Simply Wall St -

Performance Food Group Company (NYSE:PFGC): Can Growth Justify Its June Share Price?

Performance Food Group Company (NYSE:PFGC) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $38.99 is based on unrealistic expectations. … As the legendary value investor Ben Graham once said, “Price is what you pay, value is what you get.” Performance Food Group is trading at price-to-earnings (PE) ratio of 24.04x, which tells us the stock is overvalued based on current earnings compared to the Consumer Retailing industry average of 18.93x , and overvalued compared to the US market average ratio of 17.14x. … Based on this growth, Performance Food Group's stock can be considered a bit overvalued , based on fundamental analysis.

Simply Wall St -

Need To Know: Performance Food Group Company (NYSE:PFGC) Insiders Have Been Selling Shares

So we'll take a look at whether insiders have been buying or selling shares in Performance Food Group Company (NYSE:PFGC). … Check out our latest analysis for Performance Food Group The Last 12 Months Of Insider Transactions At Performance Food Group The Senior VP & Chief Human Resources Officer, Carol O'Connell, made the biggest insider sale in the last 12 months. … While we feel good about high insider ownership of Performance Food Group, we can't say the same about the selling of shares.

Simply Wall St -

Are Performance Food Group Company’s (NYSE:PFGC) Returns Worth Your While?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Performance Food Group: 0.11 = US$277m ÷ (US$4.2b - US$1.6b) (Based on the trailing twelve months to March 2019.) So, Performance Food Group has an ROCE of 11%. … What Are Current Liabilities, And How Do They Affect Performance Food Group's ROCE? … Performance Food Group's middling level of current liabilities have the effect of boosting its ROCE a bit.

Simply Wall St -

Company Info

Description

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in two segments, Foodservice and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others. It also supplies various non-food items, such as paper products comprising pizza boxes, disposable napkins, plates, and cups; tableware that include china and silverware; cookware, which comprise pots, pans, and utensils; restaurant and kitchen equipment and supplies; cigarettes and other tobacco products; and cleaning supplies. In addition, the company offers value-added services related to foodservice distribution, including electronic order-taking, payment, and other Internet based services; various reports and other data, menu planning advice, food safety training, and assistance in inventory control, as well as access to various third-party services designed to add value to its customers’ businesses. It serves street and chain restaurants, schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, retailers, theaters, convenience stores, and hospitality providers, as well as franchises and other institutional customers. The company markets and distributes approximately 160,000 food and food-related products from 83 distribution centers to approximately 170,000 customer locations. Performance Food Group Company was founded in 2002 and is headquartered in Richmond, Virginia.

Details
Name: Performance Food Group Company
PFGC
Exchange: NYSE
Founded: 2002
$3,027,969,598
117,181,486
Website: http://www.pfgc.com
Address: Performance Food Group Company
12500 West Creek Parkway,
Richmond,
Virginia, 23238,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PFGC Common Stock New York Stock Exchange US USD 02. Oct 2015
DB P5F Common Stock Deutsche Boerse AG DE EUR 02. Oct 2015
Number of employees
Current staff
Staff numbers
18,000
Performance Food Group employees.
Industry
Food Distributors
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 07:50
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/28
Last annual earnings reported: 2019/06/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.