RubinBrown Food & Beverage Mid-Year Review 2014
Public Company Subsector Constituents: Food Production Companies
Projected Revenue Growth (NTM)
EBITDA Margin (NTM)
EBITDA Margin (LTM)
EV/Revenue (LTM)
EV/EBITDA (LTM)
EV/Revenue (NTM)
EV/EBITDA (NTM)
EBITDA (NTM)
Revenue (NTM)
Enterprise Value Market Cap
Revenue (LTM)
Company Name B&G Foods Inc
EBITDA (LTM)
.
2 795 1 $ 2,
.
1 753 8 $ 1,
.
793 9 $ 7 . 539.9 903.9 845.9 477.5 748.7 204.1 753 5 7 . 524.1 252.7 102.3 133.4 135.9 39.3
187 0 $ 1 .
23 6% 894 3 $ .
8 .
12 6% 220 3 $ .
2 .
24 6% 3 5x . . n/a 4.9x 16.2% 1.9x 12.8% 1.8x 16.1% 2.4x 5.9% 0.8x 12.0% 2.7x n/a 0 5x . n/a 0.6x 8.9% 1.2x 9.7% 2.3x n/a 2.1x n/a 0.5x n/a 0.4x n/a 1 6x . 24.6% 4.9x 5.9% 0.4x 13.3% 1.8x 12.4% 1.8x
14 9x . 27.3x 11.9x 18.3x 17.1x 14.3x 21.0x 10.1x 13.1x 30.4x 11.8x 28.7x 6 9x .
3 1x . 4.8x 1.8x 1.7x 2.0x 0.7x 2.3x n/a 0.6x 1.0x 1.9x 1.8x n/a n/a n/a 4.8x 0.6x 2.0x 1.8x
12 7x .
Tootsie Roll Industries Inc. J&J Snack Foods Corp. Diamond Foods, Inc. Boulder Brands, Inc. Calavo Growers Inc. Farmer Brothers Co. Inventure Foods, Inc. Lifeway Foods Inc. Bridgford Foods Corp. Golden Enterprises Inc. Annie's, Inc. John B Sanfilippo & Son Inc .
2,636.7 1,693.0 1,532.0 1,148.4
2,716.4 1,760.1
96.8
17.9% 551.7 15.7% 918.1 9.9% 892.4 14.0% 562.6 5.3% 819.0 13.1% 239.6 7 6% n/a . 6.3% 537.0 9.0% 301.5 7.5% 120.5 17.4% 44.1 1.8% n/a 4.7% n/a n/a n/a 1.8% 44.1 11.0% 534.6 9.5% 551.7 23.6% 918.1 $
2.2% n/a 1.6% 148.5 5.5% 114.2 17.8% 90.5 9.4% 48.1 17.4% 28.8 n/a n/a 2.5% n/a 19.3% 26.8 17.9% 11.7 12.1% n/a n/a n/a n/a n/a n/a n/a 1.6% 11.7 10.7% 86.1 12.1% 69.3 19.3% 220.3 $
n/a
141.7
11.4x 13.4x 12.7x 11.8x 19.4x
885.1 863.5 533.2 576.3 292 3 2 . 339.6 219.1 228.5
83.9 67.0 39.9 26.7 57 1 5 . 33.0 22.8
569.3 559.0 393 6 3 . 332.8 297.0 232.9
n/a n/a
11.1x 20.0x
7.7 6.8 2.4 6.4
Rocky Mountain Chocolate Fac 81.0
81.8 73.4 50.5 24 1 2 .
n/a n/a n/a n/a
67.9 56.8 23 9 2 .
8.8x n/a
Tofutti Brands Inc .
15 1 1 .
n/a
Maximum Minimum
2,795.1 $
2,716.4 $
903.9 $
187.0 $
30.4x
20.0x 11.1x 14.1x 12.7x
23.9
24.1
15.1
2.4
6.9x
Mean Median
828.0 393.6
693.2 339.6
431.3 477.5
55.7 36.5
16.8x 14.6x
$ in millions Source: Capit al IQ Includes Food Product ion Companies wit h LTM Revenue less t han $1 billion.
Food & Beverage Sector: 2014 Mid-Year Update
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