Conagra Foods Stock Net Income
| CAG Stock | USD 30.24 0.23 0.77% |
ConAgra Foods fundamentals help investors to digest information that contributes to ConAgra Foods' financial success or failures. It also enables traders to predict the movement of ConAgra Stock. The fundamental analysis module provides a way to measure ConAgra Foods' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ConAgra Foods stock.
ConAgra |
ConAgra Foods Company Net Income Analysis
ConAgra Foods' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current ConAgra Foods Net Income | 683.2 M |
Most of ConAgra Foods' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ConAgra Foods is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, ConAgra Foods reported net income of 683.2 M. This is 38.19% lower than that of the Food Products sector and notably lower than that of the Consumer Staples industry. The net income for all United States stocks is 19.65% lower than that of the firm.
ConAgra Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ConAgra Foods' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ConAgra Foods could also be used in its relative valuation, which is a method of valuing ConAgra Foods by comparing valuation metrics of similar companies.ConAgra Foods is currently under evaluation in net income category among related companies.
ConAgra Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0526 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 22.9 B | ||||
| Shares Outstanding | 478.06 M | ||||
| Shares Owned By Insiders | 0.48 % | ||||
| Shares Owned By Institutions | 87.00 % | ||||
| Number Of Shares Shorted | 11.37 M | ||||
| Price To Earning | 15.28 X | ||||
| Price To Book | 1.53 X | ||||
| Price To Sales | 1.16 X | ||||
| Revenue | 12.28 B | ||||
| Gross Profit | 2.86 B | ||||
| EBITDA | 1.47 B | ||||
| Net Income | 683.2 M | ||||
| Cash And Equivalents | 93.9 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 9.24 B | ||||
| Debt To Equity | 1.05 % | ||||
| Current Ratio | 0.78 X | ||||
| Book Value Per Share | 19.15 X | ||||
| Cash Flow From Operations | 995.4 M | ||||
| Short Ratio | 2.58 X | ||||
| Earnings Per Share | 2.01 X | ||||
| Price To Earnings To Growth | 0.72 X | ||||
| Target Price | 31.5 | ||||
| Number Of Employees | 18.6 K | ||||
| Beta | 0.39 | ||||
| Market Capitalization | 14.35 B | ||||
| Total Asset | 22.05 B | ||||
| Retained Earnings | 6.6 B | ||||
| Working Capital | (1.06 B) | ||||
| Current Asset | 3.58 B | ||||
| Current Liabilities | 2.53 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 2.91 % | ||||
| Net Asset | 22.05 B | ||||
| Last Dividend Paid | 1.38 |
About ConAgra Foods Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ConAgra Foods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ConAgra Foods using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ConAgra Foods based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ConAgra Foods
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConAgra Foods position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConAgra Foods will appreciate offsetting losses from the drop in the long position's value.Moving together with ConAgra Stock
| 0.66 | K | Kellanova Earnings Call This Week | PairCorr |
Moving against ConAgra Stock
| 0.66 | FAMI | Farmmi Inc | PairCorr |
| 0.65 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
| 0.62 | BOF | BranchOut Food Common | PairCorr |
| 0.42 | CENTA | Central Garden Pet Financial Report 1st of May 2024 | PairCorr |
| 0.41 | FREEW | Whole Earth Brands | PairCorr |
The ability to find closely correlated positions to ConAgra Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConAgra Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConAgra Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConAgra Foods to buy it.
The correlation of ConAgra Foods is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConAgra Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConAgra Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ConAgra Foods can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ConAgra Foods Piotroski F Score and ConAgra Foods Altman Z Score analysis. For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.Note that the ConAgra Foods information on this page should be used as a complementary analysis to other ConAgra Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for ConAgra Stock analysis
When running ConAgra Foods' price analysis, check to measure ConAgra Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConAgra Foods is operating at the current time. Most of ConAgra Foods' value examination focuses on studying past and present price action to predict the probability of ConAgra Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConAgra Foods' price. Additionally, you may evaluate how the addition of ConAgra Foods to your portfolios can decrease your overall portfolio volatility.
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Is ConAgra Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConAgra Foods. If investors know ConAgra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConAgra Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ConAgra Foods is measured differently than its book value, which is the value of ConAgra that is recorded on the company's balance sheet. Investors also form their own opinion of ConAgra Foods' value that differs from its market value or its book value, called intrinsic value, which is ConAgra Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConAgra Foods' market value can be influenced by many factors that don't directly affect ConAgra Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConAgra Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConAgra Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConAgra Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.