A Business at a Glance
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CENTRAL GARDEN & PET CO
CENT
$2.8B
Mkt Cap
$43.75
+1.79%
CENTRAL GARDEN & PET CO (CENT) has a current P/E ratio of 17.9, compared to its historical median P/E of 18.1. The stock is currently considered Fair based on its historical valuation range.
CENTRAL GARDEN & PET CO (CENT) has a 5-year average return on invested capital (ROIC) of 9.2%. This is below average and may indicate limited pricing power.
CENTRAL GARDEN & PET CO (CENT) has a market capitalization of $2.7B. It is classified as a mid-cap stock.
CENTRAL GARDEN & PET CO (CENT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.13%.
Based on historical P/E analysis, CENTRAL GARDEN & PET CO (CENT) appears fair. The current P/E of 17.9 is 1% below its historical median of 18.1. The estimated fair value CAGR (P/E method) is 4.6%.
CENTRAL GARDEN & PET CO (CENT) operates in the Wholesale-Miscellaneous Nondurable Goods industry, within the Consumer Defensive sector.
CENTRAL GARDEN & PET CO (CENT) reported annual revenue of $3.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business Our Company Central Garden & Pet Company (“Central”) is a market leader in the U.S. pet and garden industries. For more than 40 years, we have delivered innovative, trusted solutions that help lawns grow greener, gardens bloom bigger, pets live healthier, and communities grow stronger. We operate through two reportable segments: Pet and Garden. Our Pet segment offers a broad range of products for dog and cat supplies, including treats and chews, toys, beds and containment, grooming items, waste management and training pads. We also provide supplies for aquatics, small animals, reptiles and pet birds, such as toys, enclosures, habitats, bedding, food and supplements, equine and livestock products, animal and household health solutions and insect control items. This segment also includes live fish and small animals as well as outdoor cushions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.2B | 3.1B | 3.2B | 3.3B | 3.3B | 3.3B |
| Net Income | 171M | 163M | 108M | 126M | 152M | 152M |
| EPS | $2.72 | $2.55 | $1.62 | $1.88 | $2.24 | $2.75 |
| Free Cash Flow | 282M | 291M | 352M | 328M | -149M | 171M |
| ROIC | 9.0% | 9.7% | 6.9% | 7.3% | 9.2% | 12.9% |
| Gross Margin | 32.2% | 31.9% | 29.5% | 28.6% | 29.7% | 29.4% |
| Debt/Equity | 0.72 | 0.75 | 0.76 | 0.82 | 0.89 | 0.97 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 259M | 250M | 185M | 211M | 260M | 254M |
| Operating Margin | 8.2% | 8.0% | 5.8% | 6.4% | 7.8% | 7.7% |
| ROE | 10.4% | 10.4% | 7.2% | 9.0% | 11.9% | 13.2% |
| Shares Outstanding | 62M | 64M | 67M | 67M | 68M | 55M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.6B | 1.7B | 1.8B | 2.1B | 2.2B | 2.4B | 2.7B | 3.3B | 3.3B | 3.3B | 3.2B | 3.1B | 3.2B |
| Gross Margin | 28.3% | 29.6% | 30.2% | 30.8% | 30.5% | 29.5% | 29.6% | 29.4% | 29.7% | 28.6% | 29.5% | 31.9% | 32.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 398M | 389M | 422M | 477M | 508M | 552M | 599M | 716M | 732M | 736M | 758M | 747M | 760M |
| EBIT | 56M | 91M | 129M | 156M | 167M | 152M | 198M | 254M | 260M | 211M | 185M | 250M | 259M |
| Op. Margin | 3.5% | 5.5% | 7.1% | 7.6% | 7.6% | 6.4% | 7.3% | 7.7% | 7.8% | 6.4% | 5.8% | 8.0% | 8.2% |
| Net Income | 8.8M | 32M | 45M | 79M | 124M | 93M | 121M | 152M | 152M | 126M | 108M | 163M | 171M |
| Net Margin | 0.5% | 1.9% | 2.4% | 3.8% | 5.6% | 3.9% | 4.5% | 4.6% | 4.6% | 3.8% | 3.4% | 5.2% | 5.4% |
| Non-Recurring | 4.9M | 7.3M | 19M | 0 | 0 | 0 | 3.6M | -2.6M | 0 | 6.6M | 7.5M | 1.0M | 1.0M |
| Returns on Capital | |||||||||||||
| ROIC | 4.5% | 6.8% | 9.9% | 10.6% | 15.1% | 10.0% | 13.6% | 12.9% | 9.2% | 7.3% | 6.9% | 9.7% | 9.0% |
| ROE | 1.8% | 6.5% | 8.4% | 13.3% | 15.6% | 9.5% | 11.6% | 13.2% | 11.9% | 9.0% | 7.2% | 10.4% | 10.4% |
| ROA | 0.8% | 2.8% | 3.9% | 6.3% | 7.7% | 4.7% | 5.5% | 5.6% | 4.8% | 3.8% | 3.1% | 4.5% | 4.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 126M | 87M | 151M | 114M | 114M | 205M | 264M | 251M | -34M | 382M | 395M | 333M | 328M |
| Free Cash Flow | 109M | 65M | 124M | 70M | 76M | 173M | 221M | 171M | -149M | 328M | 352M | 291M | 282M |
| Owner Earnings | 83M | 45M | 103M | 60M | 55M | 139M | 190M | 153M | -141M | 266M | 284M | 227M | 224M |
| CapEx | 17M | 22M | 28M | 45M | 38M | 32M | 43M | 80M | 115M | 54M | 43M | 41M | 46M |
| Maint. CapEx | 36M | 34M | 40M | 43M | 47M | 51M | 55M | 75M | 81M | 88M | 91M | 85M | 84M |
| Growth CapEx | 0 | 0 | 0 | 1.9M | 0 | 0 | 0 | 5.6M | 34M | 0 | 0 | 0 | 0 |
| D&A | 36M | 34M | 40M | 43M | 47M | 51M | 55M | 75M | 81M | 88M | 91M | 85M | 84M |
| CapEx/OCF | 13.6% | 25.2% | 18.2% | 39.1% | 33.2% | 15.4% | 16.3% | 32.0% | N/A | 14.1% | 10.9% | 12.5% | 14.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 2.3M | 18M | 11M | 28M | 14M | 63M | 59M | 28M | 62M | 37M | 24M | 155M | 85M |
| Buyback Yield | 0.6% | 2.4% | 0.8% | 1.4% | 0.7% | 3.7% | 2.8% | 1.0% | 3.1% | 1.6% | 1.0% | 7.3% | 3.1% |
| Stock-Based Comp | 7.7M | 8.3M | 8.4M | 11M | 12M | 15M | 19M | 23M | 26M | 28M | 21M | 21M | 21M |
| Debt Repayment | 367K | 50M | 400M | 463K | 431K | 46M | 113K | 430M | 1.1M | 338K | 370K | 231K | 231K |
| Balance Sheet | |||||||||||||
| Net Debt | 362M | 349M | 302M | 363M | 210M | 195M | 41M | 759M | 1.0B | 699M | 436M | 309M | 539M |
| Cash & Equiv. | 79M | 48M | 93M | 32M | 482M | 498M | 653M | 426M | 177M | 489M | 754M | 882M | 653M |
| Long-Term Debt | 450M | 397M | 395M | 395M | 692M | 693M | 694M | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B |
| Debt/Equity | 0.93 | 0.79 | 0.71 | 0.62 | 0.73 | 0.70 | 0.64 | 0.97 | 0.89 | 0.82 | 0.76 | 0.75 | 0.72 |
| Interest Coverage | 1.3 | 2.3 | 3.0 | 5.5 | 4.3 | 3.6 | 4.5 | 4.3 | 4.5 | 3.7 | 3.2 | 4.3 | 4.5 |
| Equity | 485M | 505M | 553M | 636M | 952M | 996M | 1.1B | 1.2B | 1.3B | 1.5B | 1.6B | 1.6B | 1.7B |
| Total Assets | 1.1B | 1.1B | 1.2B | 1.3B | 1.9B | 2.0B | 2.3B | 3.1B | 3.3B | 3.4B | 3.6B | 3.6B | 3.7B |
| Total Liabilities | 664M | 595M | 628M | 670M | 954M | 1.0B | 1.3B | 1.9B | 1.9B | 1.9B | 2.0B | 2.0B | 30M |
| Intangibles | 88M | 76M | 96M | 116M | 152M | 146M | 135M | 134M | 543M | 497M | 473M | 448M | 435M |
| Retained Earnings | 86M | 116M | 161M | 239M | 363M | 422M | 511M | 646M | 755M | 859M | 960M | 1.0B | 1.1B |
| Working Capital | 498M | 477M | 481M | 463M | 1.0B | 1.0B | 1.1B | 1.0B | 1.1B | 1.2B | 1.4B | 1.4B | 1.5B |
| Current Assets | 672M | 654M | 683M | 683M | 1.2B | 1.3B | 1.5B | 1.5B | 1.6B | 1.7B | 1.9B | 2.0B | 2.1B |
| Current Liabilities | 173M | 177M | 202M | 220M | 213M | 279M | 440M | 522M | 466M | 458M | 515M | 539M | 605M |
| Per Share Data | |||||||||||||
| EPS | 0.18 | 0.64 | 0.87 | 1.52 | 2.32 | 1.61 | 2.20 | 2.75 | 2.24 | 1.88 | 1.62 | 2.55 | 2.72 |
| Owner EPS | 1.70 | 0.91 | 2.01 | 1.17 | 1.04 | 2.42 | 3.46 | 2.77 | -2.07 | 3.98 | 4.25 | 3.55 | 3.61 |
| Book Value | 9.91 | 10.11 | 10.81 | 12.26 | 17.88 | 17.28 | 19.63 | 22.15 | 19.63 | 21.72 | 23.34 | 24.79 | 26.66 |
| Cash Flow/Share | 2.59 | 1.75 | 2.96 | 2.20 | 2.14 | 3.56 | 4.82 | 4.55 | -0.50 | 5.71 | 5.92 | 5.21 | 4.12 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 48.9M | 50.0M | 51.2M | 51.9M | 53.3M | 57.6M | 54.9M | 55.2M | 67.9M | 66.8M | 66.7M | 63.9M | 61.9M |
| Valuation | |||||||||||||
| P/E Ratio | 42.7 | 24.3 | 29.1 | 25.3 | 15.5 | 18.4 | 17.5 | 17.7 | 13.2 | 18.7 | 22.6 | 13.0 | 16.1 |
| P/FCF | 2.7 | 9.3 | 8.2 | 22.4 | 19.7 | 7.7 | 7.5 | 12.4 | N/A | 7.2 | 6.9 | 7.3 | 9.6 |
| EV/EBIT | 13.1 | 11.8 | 11.6 | 14.9 | 9.8 | 9.2 | 7.6 | 11.9 | 10.9 | 12.1 | 11.5 | 6.2 | 12.5 |
| Price/Book | 0.8 | 1.5 | 2.3 | 3.1 | 2.0 | 1.7 | 2.0 | 2.2 | 1.5 | 1.6 | 1.6 | 1.3 | 1.6 |
| Price/Sales | 0.2 | 0.3 | 0.5 | 0.8 | 1.0 | 0.7 | 0.7 | 0.8 | 0.7 | 0.6 | 0.8 | 0.7 | 0.9 |
| FCF Yield | 29.1% | 8.4% | 9.5% | 3.5% | 4.0% | 10.2% | 10.5% | 6.3% | -7.4% | 14.0% | 14.4% | 13.7% | 10.4% |
| Market Cap | 376M | 778M | 1.3B | 2.0B | 1.9B | 1.7B | 2.1B | 2.7B | 2.0B | 2.3B | 2.4B | 2.1B | 2.7B |
| Avg. Price | 6.13 | 7.60 | 14.31 | 25.69 | 31.26 | 23.61 | 25.87 | 37.40 | 35.88 | 31.52 | 38.89 | 36.53 | 43.75 |
| Year-End Price | 6.02 | 12.20 | 19.85 | 30.15 | 28.22 | 23.17 | 30.18 | 38.22 | 28.87 | 35.13 | 36.65 | 33.23 | 43.75 |
CENTRAL GARDEN & PET CO passes 4 of 9 quality checks, suggesting mixed fundamentals.
CENTRAL GARDEN & PET CO trades at 17.9x trailing earnings, compared to its 15-year median P/E of 18.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 1.5x vs a median of 7.7x. The company's 5-year average ROIC is 9.2% with a gross margin of 29.8%. Total shareholder yield (buybacks) is 3.1%. At current prices, the estimated annualized return to fair value is +63.7%.
CENTRAL GARDEN & PET CO (CENT) has a net profit margin of 5.2%. This is a modest margin.
CENTRAL GARDEN & PET CO (CENT) generated $291 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CENTRAL GARDEN & PET CO (CENT) has a debt-to-equity ratio of 0.75. This indicates moderate leverage.
CENTRAL GARDEN & PET CO (CENT) reported earnings per share (EPS) of $2.55 in its most recent fiscal year.
CENTRAL GARDEN & PET CO (CENT) has a return on equity (ROE) of 10.4%. This indicates moderate shareholder returns.
CENTRAL GARDEN & PET CO (CENT) has a 5-year average gross margin of 29.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for CENTRAL GARDEN & PET CO (CENT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CENTRAL GARDEN & PET CO (CENT) has a book value per share of $24.79, based on its most recent annual SEC filing.
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