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Sovos Brands Inc

Consumer Defensive US SOVO

NoneUSD
-(-%)

Last update at 2024-04-11T21:01:17.752963Z

Day Range

--
LowHigh

52 Week Range

12.7422.73
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax -66.33900M 5.59M 17.50M -45.77100M
Minority interest - - - -
Net income -53.45100M 1.92M 10.82M -27.14500M
Selling general administrative 163.03M 150.44M 124.61M 94.48M
Selling and marketing expenses - - - -
Gross profit 246.66M 220.79M 186.75M 112.62M
Reconciled depreciation 38.87M 28.87M 33.80M 33.05M
Ebit 54.85M 56.86M 37.40M -5.63300M
Ebitda 93.72M 94.67M 71.19M 27.42M
Depreciation and amortization 38.87M 37.81M 33.80M 33.05M
Non operating income net other - - - -
Operating income 54.85M 56.86M 37.40M -5.63300M
Other operating expenses 823.52M 662.33M 522.67M 393.64M
Interest expense 27.85M 30.89M 19.89M 22.98M
Tax provision -12.88800M 3.67M 6.68M -18.62600M
Interest income - - - -
Net interest income -27.85100M -30.88500M -19.89500M -22.97500M
Extraordinary items - - - -
Non recurring - - - -
Other items - - - -
Income tax expense -12.88800M 3.67M 6.68M -18.62600M
Total revenue 878.37M 719.19M 560.07M 388.00M
Total operating expenses 191.81M 163.93M 149.36M 118.25M
Cost of revenue 631.71M 498.39M 373.31M 275.39M
Total other income expense net -121.19400M -51.26700M -19.89500M -40.13800M
Discontinued operations - - - -
Net income from continuing ops -53.45100M 1.92M 10.82M -27.14500M
Net income applicable to common shares -53.45100M 1.92M 10.82M -27.14500M
Preferred stock and other adjustments - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1158.80M 1177.93M 1144.83M 992.54M
Intangible assets 351.55M 464.65M 491.89M 418.82M
Earning assets - - - -
Other current assets 11.97M 6.68M 4.39M 4.62M
Total liab 682.78M 668.44M 548.12M 408.54M
Total stockholder equity 476.02M 509.49M 596.70M 584.00M
Deferred long term liab - - 0.60M 0.80M
Other current liab 5.93M 28.64M 42.09M 20.49M
Common stock 0.10M 0.10M 0.07M 0.07M
Capital stock 0.10M 0.10M 0.07M 0.07M
Retained earnings -103.29100M -49.84000M -51.75900M -62.58400M
Other liab 64.13M 77.40M 81.19M 81.31M
Good will 395.40M 437.45M 437.29M 395.40M
Other assets 1.28M 2.30M 6.68M 6.58M
Cash 138.65M 66.15M 37.03M 30.68M
Cash and equivalents - - - -
Total current liabilities 122.24M 92.33M 100.09M 61.43M
Current deferred revenue 63.64M - - -
Net debt 361.16M 435.88M 326.84M 237.92M
Short term debt 3.41M 3.31M 3.82M 2.80M
Short long term debt 0.10M 0.10M 3.82M 2.80M
Short long term debt total 499.81M 502.04M 363.86M 268.60M
Other stockholder equity 577.66M 559.23M 648.39M 646.51M
Property plant equipment 64.32M 78.34M 59.48M 65.98M
Total current assets 330.93M 195.18M 149.48M 105.76M
Long term investments - - - -
Net tangible assets 476.02M 509.49M -332.48400M -230.22500M
Short term investments - - - -
Net receivables 87.69M 70.73M 61.00M 43.72M
Long term debt 482.34M 481.42M 360.05M 265.80M
Inventory 92.60M 51.62M 47.07M 26.73M
Accounts payable 49.26M 60.38M 54.18M 38.14M
Total permanent equity - - - -
Noncontrolling interest in consolidated entity - - - -
Temporary equity redeemable noncontrolling interests - - - -
Accumulated other comprehensive income 1.55M 1.55M - -
Additional paid in capital - - - -
Common stock total equity 0.10M 0.10M 0.00600M 0.00600M
Preferred stock total equity - - - -
Retained earnings total equity -103.29100M -49.84000M - -
Treasury stock - - - -
Accumulated amortization - - - -
Non currrent assets other -60.36500M 2.30M 6.68M 6.58M
Deferred long term asset charges - - - -
Non current assets total 827.87M 982.75M 995.35M 886.78M
Capital lease obligations 17.37M 20.52M - -
Long term debt total 482.34M 481.42M - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments 27.18M -14.18200M -150.13900M -12.68200M
Change to liabilities 23.85M -3.13200M 5.48M 8.12M
Total cashflows from investing activities 27.18M -14.18200M -150.13900M -12.68200M
Net borrowings -0.07800M 92.68M 95.87M -2.97400M
Total cash from financing activities -0.07800M -3.63300M 93.57M 2.40M
Change to operating activities 10.07M -21.80700M 21.63M 4.90M
Net income -53.45100M 1.92M 10.82M -27.14500M
Change in cash 72.50M 29.13M 6.34M 1.28M
Begin period cash flow 66.15M 37.03M 30.68M 29.40M
End period cash flow 138.65M 66.15M 37.03M 30.68M
Total cash from operating activities 45.40M 46.94M 62.91M 11.56M
Issuance of capital stock 0.00000M 302.69M - 0.00000M
Depreciation 38.87M 37.81M 33.80M 33.05M
Other cashflows from investing activities 40.00M - - -
Dividends paid 0.00000M 400.00M 400.00M 400.00M
Change to inventory -48.89100M -5.44900M -6.91200M -6.18000M
Change to account receivables -17.03200M -9.38700M -11.29700M -5.53900M
Sale purchase of stock - 769.14M - -
Other cashflows from financing activities 27.18M -2.04600M 139.22M 5.38M
Change to netincome 100.53M 28.45M 7.62M 2.68M
Capital expenditures 12.82M 14.18M 3.73M 12.68M
Change receivables -17.03200M -9.38700M - -
Cash flows other operating 0.18M -5.15500M - -
Exchange rate changes - - - -
Cash and cash equivalents changes 72.50M 29.13M - -
Change in working capital -44.30500M -30.40100M 8.90M 1.30M
Stock based compensation 18.44M 9.82M 1.91M 2.12M
Other non cash items 99.67M 25.55M 2.73M 18.73M
Free cash flow 32.58M 32.76M 59.18M -1.12100M

Fundamentals

  • Previous Close 22.98
  • Market Cap2242.16M
  • VolumeNone
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA176.88M
  • Revenue TTM990.47M
  • Revenue Per Share TTM9.79
  • Gross Profit TTM 248.57M
  • Diluted EPS TTM-0.14

Peer Comparison

Sector: Consumer Defensive Industry: Packaged Foods

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SOVO
Sovos Brands Inc
- -% - - 25.84 2.26 4.39 2.55 44.08
NSRGF
Nestle SA
1.73 1.64% 107.00 26.86 18.76 3.13 7.10 3.81 21.70
NSRGY
Nestle SA ADR
0.26 0.24% 107.22 26.82 18.66 3.18 7.07 3.81 21.70
KHC
Kraft Heinz Co
-0.25 0.76% 32.67 15.59 11.79 1.64 0.88 2.34 11.32
DANOY
Danone PK
0.01 0.08% 12.73 28.42 16.39 1.44 2.23 1.85 12.41

Reports Covered

Stock Research & News

Profile

Sovos Brands, Inc., through its subsidiaries, operates as a consumer-packaged food company that manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinner and Sauces, and Breakfast and Snacks. It provides pasta sauces, dry pasta, soups, frozen entrees, frozen pizza, yogurts, pancake and waffle mixes, other baking mixes, and frozen waffles under the Rao's, Michael Angelo's, noosa, and Birch Benders brands. The company sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, military commissaries, and non-food outlets, such as drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was incorporated in 2017 and is headquartered in Louisville, Colorado.

Sovos Brands Inc

168 Centennial Parkway, Louisville, CO, United States, 80027

Key Executives

Name Title Year Born
Mr. Todd R. Lachman Founder, Pres, CEO & Director 1963
Mr. Christopher W. Hall Chief Financial Officer 1962
Mr. Robert L. Graves VP of Strategic Initiatives & Director 1967
Mr. Kirk A. Jensen Chief Operating Officer 1975
Ms. Lisa Y. O'Driscoll Chief Admin. Officer 1975
Mr. Joshua Levine VP of Investor Relations NA
Ms. Isobel A. Jones Esq. Chief Legal Officer, Gen. Counsel & Sec. 1967
Ms. Priscilla Tuan Chief Marketing Officer 1972
Mr. Jason Parasco Sr. VP & Head of Sales NA
Ms. Katie J. Gvazdinskas Chief HR Officer 1980

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