BGS Balance Sheet Analysis From 2010 to 2024
BGS Stock | USD 10.56 0.19 1.77% |
BGS |
Most indicators from BG Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BG Foods current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out BG Foods Valuation and BG Foods Correlation analysis. For more information on how to buy BGS Stock please use our How to Invest in BG Foods guide.Selling General Administrative is likely to drop to about 99.3 M in 2024. Tax Provision is likely to drop to about 6.4 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 437.0M | 409.6M | 430.8M | 263.2M | Total Revenue | 2.1B | 2.2B | 2.1B | 2.2B |
BG Foods fundamental ratios Correlations
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BG Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BG Foods fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2B | 3.8B | 3.8B | 3.8B | 3.5B | 1.8B | |
Other Current Liab | 86.5M | 108.1M | 102.0M | 78.1M | 98.2M | 53.2M | |
Net Debt | 1.9B | 2.3B | 2.3B | 2.4B | 2.1B | 1.1B | |
Retained Earnings | 843.8M | 866.8M | 934.2M | 876.8M | 785.1M | 824.3M | |
Accounts Payable | 114.9M | 126.5M | 129.9M | 127.8M | 123.8M | 130.0M | |
Cash | 11.3M | 52.2M | 33.7M | 45.4M | 41.1M | 35.1M | |
Net Receivables | 152.8M | 148.7M | 149.6M | 158.0M | 151.0M | 79.6M | |
Inventory | 472.2M | 492.8M | 609.8M | 726.5M | 569.0M | 597.4M | |
Other Current Assets | 25.4M | 43.6M | 41.4M | 37.6M | 41.7M | 43.8M | |
Total Liab | 2.4B | 2.9B | 2.9B | 3.0B | 2.6B | 1.4B | |
Total Current Assets | 661.8M | 737.3M | 834.5M | 1.0B | 802.8M | 843.0M | |
Short Term Debt | 15.4M | 11.0M | 12.4M | 65.7M | 40.0M | 38.0M | |
Other Liab | 292.0M | 332.0M | 340.6M | 309.3M | 355.7M | 373.5M | |
Other Assets | 10.6M | 10.1M | 15.5M | 29.1M | 26.2M | 27.5M | |
Long Term Debt | 1.9B | 2.3B | 2.3B | 2.3B | 2.0B | 1.3B | |
Good Will | 596.4M | 644.7M | 644.9M | 619.2M | 619.4M | 427.8M | |
Intangible Assets | 1.6B | 2.0B | 1.9B | 1.8B | 1.6B | 1.0B | |
Common Stock | 640K | 643K | 685K | 717K | 786K | 531K | |
Net Tangible Assets | (1.4B) | (1.8B) | (1.7B) | (1.5B) | (1.4B) | (1.5B) | |
Long Term Debt Total | 1.9B | 2.3B | 2.3B | 2.3B | 2.7B | 1.8B |
Pair Trading with BG 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 BG 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 BG Foods will appreciate offsetting losses from the drop in the long position's value.Moving against BGS Stock
0.76 | SAM | Boston Beer Financial Report 25th of April 2024 | PairCorr |
0.46 | FMX | Fomento Economico Sell-off Trend | PairCorr |
The ability to find closely correlated positions to BG 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 BG 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 BG 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 BG Foods to buy it.
The correlation of BG Foods is a statistical measure of how it moves in relation to other equities. 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 BG Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BG 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 BG 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 BG Foods Valuation and BG Foods Correlation analysis. For more information on how to buy BGS Stock please use our How to Invest in BG Foods guide.Note that the BG Foods information on this page should be used as a complementary analysis to other BG 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for BGS Stock analysis
When running BG Foods' price analysis, check to measure BG 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 BG Foods is operating at the current time. Most of BG Foods' value examination focuses on studying past and present price action to predict the probability of BG Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BG Foods' price. Additionally, you may evaluate how the addition of BG Foods to your portfolios can decrease your overall portfolio volatility.
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Is BG 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 BG Foods. If investors know BGS 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 BG Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.91) | Dividend Share 0.76 | Earnings Share (0.89) | Revenue Per Share 27.769 | Quarterly Revenue Growth (0.07) |
The market value of BG Foods is measured differently than its book value, which is the value of BGS that is recorded on the company's balance sheet. Investors also form their own opinion of BG Foods' value that differs from its market value or its book value, called intrinsic value, which is BG 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 BG Foods' market value can be influenced by many factors that don't directly affect BG 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 BG Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if BG Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BG 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.