A Business at a Glance
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TreeHouse Foods, Inc.
THS
$1.9B
Mkt Cap
TreeHouse Foods, Inc. (THS) has a current P/E ratio of 47.9, compared to its historical median P/E of 44.0. The stock is currently considered Fair based on its historical valuation range.
TreeHouse Foods, Inc. (THS) has a 5-year average return on invested capital (ROIC) of 1.5%. This is below average and may indicate limited pricing power.
TreeHouse Foods, Inc. (THS) has a market capitalization of $1.2B. It is classified as a small-cap stock.
TreeHouse Foods, Inc. (THS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.94%.
Based on historical P/E analysis, TreeHouse Foods, Inc. (THS) appears fair. The current P/E of 47.9 is 9% above its historical median of 44.0. The estimated fair value CAGR (P/E method) is 6.0%.
TreeHouse Foods, Inc. (THS) operates in the Canned, Frozen & Preservd Fruit, Veg & Food Specialties industry, within the Consumer Defensive sector.
TreeHouse Foods, Inc. (THS) reported annual revenue of $3.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
References herein to "we," "us," "our," "Company," and "TreeHouse" refer to TreeHouse Foods, Inc. and its consolidated subsidiaries unless the context specifically states or implies otherwise. TreeHouse is a leading private brands snacking and beverage manufacturer in North America. Our purpose is to engage and delight - one customer at a time. Through our customer focus and category experience, we strive to deliver excellent service, build capabilities and provide insights to drive mutually profitable growth for both TreeHouse and our customers. Our purpose is supported by investments in depth, capabilities and operational efficiencies which are aimed to capitalize on the long-term growth prospects within the categories where we operate. TreeHouse was incorporated on January 25, 2005 by Dean Foods Company to accomplish a spin-off of certain specialty businesses to its shareholders.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.4B | 3.4B | 3.3B | 2.8B | 3.0B |
| Net Income | -242M | 27M | 53M | -146M | -13M | 14M |
| EPS | $-4.78 | $0.51 | $0.94 | $-2.61 | $-0.22 | $0.24 |
| Free Cash Flow | 228M | 248M | 20M | -237M | 255M | 345M |
| ROIC | -4.4% | 3.0% | 3.5% | -0.2% | -0.3% | - |
| Gross Margin | 17.7% | 16.4% | 16.8% | 15.8% | 16.8% | 18.2% |
| Debt/Equity | 1.19 | 1.01 | 0.96 | 0.94 | 1.11 | 1.28 |
| Dividends/Share | $0.00 | - | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | -152M | 103M | 147M | -13M | -44M | - |
| Operating Margin | -4.6% | 3.1% | 4.3% | -0.4% | -1.6% | - |
| ROE | -19.2% | 1.7% | 3.2% | -8.3% | -0.7% | 0.7% |
| Shares Outstanding | 51M | 53M | 56M | 56M | 57M | 58M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.3B | 2.9B | 3.2B | 6.2B | 6.3B | 5.8B | 4.3B | 3.0B | 2.8B | 3.3B | 3.4B | 3.4B | 3.3B |
| Gross Margin | 20.7% | 20.6% | 20.1% | 18.2% | 15.5% | 15.4% | 18.6% | 18.2% | 16.8% | 15.8% | 16.8% | 16.4% | 17.7% |
| R&D | 18M | 13M | 14M | 30M | 28M | 19M | 19M | 12M | 14M | 12M | 13M | 14M | 14M |
| SG&A | 256M | 333M | 342M | 745M | 629M | 593M | 510M | 226M | 185M | 207M | 204M | 198M | 194M |
| EBIT | 178M | 218M | 240M | -96M | 79M | 83M | N/A | N/A | -44M | -13M | 147M | 103M | -152M |
| Op. Margin | 7.8% | 7.4% | 7.5% | -1.5% | 1.3% | 1.4% | N/A | N/A | -1.6% | -0.4% | 4.3% | 3.1% | -4.6% |
| Net Income | 87M | 90M | 115M | -229M | -280M | -64M | -361M | 14M | -13M | -146M | 53M | 27M | -242M |
| Net Margin | 3.8% | 3.1% | 3.6% | -3.7% | -4.4% | -1.1% | -8.4% | 0.5% | -0.4% | -4.4% | 1.5% | 0.8% | -7.2% |
| Non-Recurring | 413K | -5.3M | 2.4M | 366M | 264M | 181M | 105M | 71M | 83M | 85M | 46M | 29M | 72M |
| Returns on Capital | |||||||||||||
| ROIC | 4.9% | 5.1% | 5.3% | -5.5% | 1.6% | 1.9% | N/A | N/A | -0.3% | -0.2% | 3.5% | 3.0% | -4.4% |
| ROE | 7.1% | 5.9% | 6.4% | -10.5% | -11.6% | -2.9% | -18.1% | 0.7% | -0.7% | -8.3% | 3.2% | 1.7% | -19.2% |
| ROA | 3.3% | 2.7% | 3.0% | -4.5% | -4.5% | -1.1% | -6.7% | 0.3% | -0.2% | -3.1% | 1.3% | 0.7% | -6.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 217M | 230M | 291M | 479M | 506M | 506M | 308M | 417M | 325M | -151M | 157M | 266M | 234M |
| Free Cash Flow | 142M | 141M | 218M | 303M | 371M | 351M | 185M | 345M | 255M | -237M | 20M | 248M | 228M |
| Owner Earnings | 92M | 89M | 146M | 160M | 245M | 250M | 74M | 244M | 167M | -310M | -9.4M | 100M | 52M |
| CapEx | 75M | 89M | 73M | 175M | 136M | 155M | 123M | 72M | 70M | 86M | 137M | 18M | 5.9M |
| Maint. CapEx | 109M | 116M | 122M | 288M | 233M | 225M | 211M | 148M | 143M | 140M | 142M | 147M | 163M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 109M | 116M | 122M | 288M | 233M | 225M | 211M | 148M | 143M | 140M | 142M | 147M | 163M |
| CapEx/OCF | 34.5% | 41.8% | 25.0% | 36.6% | 31.6% | 30.6% | 39.9% | 21.7% | 22.0% | N/A | 11.1% | 6.6% | 2.5% |
| 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 | 0 | 0 | 0 | 0 | 29M | 55M | 0 | 25M | 25M | 0 | 100M | 150M | 61M |
| Buyback Yield | N/A | N/A | N/A | N/A | 1.0% | 2.0% | N/A | 1.0% | 1.1% | N/A | 4.3% | 8.1% | 4.9% |
| Stock-Based Comp | 16M | 25M | 23M | 30M | 28M | 31M | 23M | 24M | 14M | 20M | 25M | 19M | 19M |
| Debt Repayment | 375M | 4.0M | 11M | 37M | 1.5B | 57M | 202M | 100M | 194M | 856M | 2.9B | 360M | 360M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.4B | 1.4B | 1.2B | 2.7B | 2.4B | 2.1B | 2.1B | 2.0B | 1.8B | 1.5B | 1.3B | 1.3B | 1.5B |
| Cash & Equiv. | 46M | 52M | 35M | 62M | 133M | 164M | 202M | 365M | 305M | 43M | 320M | 290M | 21M |
| Long-Term Debt | 939M | 1.4B | 1.2B | 2.7B | 2.5B | 2.3B | 2.1B | 2.2B | 1.9B | 1.4B | 1.4B | 1.4B | 1.5B |
| Debt/Equity | 1.16 | 0.82 | 0.67 | 1.11 | 1.11 | 1.06 | 1.25 | 1.28 | 1.11 | 0.94 | 0.96 | 1.01 | 1.19 |
| Interest Coverage | 3.6 | 5.2 | 5.3 | -0.8 | 0.6 | 0.8 | N/A | N/A | -0.6 | -0.2 | 2.0 | 1.6 | 1.6 |
| Equity | 1.3B | 1.8B | 1.9B | 2.5B | 2.3B | 2.2B | 1.8B | 1.9B | 1.8B | 1.7B | 1.7B | 1.5B | 1.3B |
| Total Assets | 2.7B | 3.9B | 3.7B | 6.5B | 5.8B | 5.6B | 5.1B | 5.5B | 5.2B | 4.3B | 4.1B | 4.0B | 3.8B |
| Total Liabilities | 1.4B | 2.1B | 1.8B | 4.0B | 3.5B | 3.5B | 3.3B | 3.6B | 3.4B | 2.6B | 2.4B | 2.4B | 2.5B |
| Intangibles | 476M | 716M | 647M | 1.1B | 773M | 656M | 555M | 615M | 337M | 296M | 257M | 213M | 254M |
| Retained Earnings | 556M | 646M | 761M | 532M | 246M | 204M | -157M | -143M | -156M | -302M | -249M | -222M | -523M |
| Working Capital | 409M | 604M | 572M | 868M | 885M | 840M | 406M | 438M | 1.0B | 12M | 351M | 265M | 220M |
| Current Assets | 650M | 914M | 847M | 1.6B | 1.5B | 1.7B | 1.2B | 1.4B | 2.2B | 839M | 1.1B | 1.0B | 969M |
| Current Liabilities | 240M | 310M | 275M | 693M | 600M | 838M | 813M | 991M | 1.2B | 828M | 704M | 745M | 749M |
| Per Share Data | |||||||||||||
| EPS | 2.33 | 2.23 | 2.63 | -4.10 | -4.85 | -1.15 | -6.42 | 0.24 | -0.22 | -2.61 | 0.94 | 0.51 | -4.78 |
| Owner EPS | 2.46 | 2.20 | 3.33 | 2.88 | 4.25 | 4.46 | 1.32 | 4.24 | 2.94 | -5.53 | -0.17 | 1.89 | 1.03 |
| Book Value | 34.10 | 43.65 | 42.46 | 45.16 | 39.64 | 38.57 | 32.56 | 32.43 | 32.48 | 30.10 | 29.47 | 29.37 | 25.00 |
| Cash Flow/Share | 5.80 | 5.70 | 6.65 | 8.58 | 8.78 | 9.03 | 5.47 | 7.25 | 5.72 | -2.69 | 2.78 | 5.04 | -1.56 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | N/A | 0.00 |
| Shares Out. | 37.3M | 40.3M | 43.7M | 55.8M | 57.6M | 56.0M | 56.2M | 57.5M | 56.8M | 56.1M | 56.5M | 52.7M | 50.5M |
| Valuation | |||||||||||||
| P/E Ratio | 29.5 | 39.1 | 30.4 | N/A | N/A | N/A | N/A | 177.5 | N/A | N/A | 44.0 | 68.9 | -5.1 |
| P/FCF | 18.1 | 25.0 | 16.1 | 13.3 | 7.6 | 8.0 | 14.5 | 7.1 | 9.0 | N/A | 115.1 | 7.5 | 5.4 |
| EV/EBIT | 14.2 | 15.9 | 14.5 | N/A | N/A | 31.5 | N/A | 14.1 | N/A | N/A | 13.7 | 15.2 | N/A |
| Price/Book | 2.0 | 2.0 | 1.9 | 1.6 | 1.2 | 1.3 | 1.5 | 1.3 | 1.2 | 1.6 | 1.4 | 1.2 | 1.0 |
| Price/Sales | 1.1 | 1.0 | 1.1 | 0.8 | 0.7 | 0.6 | 0.7 | 0.6 | 0.8 | 0.7 | 0.8 | 0.6 | 0.4 |
| FCF Yield | 5.5% | 4.0% | 6.2% | 7.5% | 13.4% | 12.6% | 6.9% | 14.1% | 11.1% | -8.7% | 0.9% | 13.4% | 18.5% |
| Market Cap | 2.6B | 3.5B | 3.5B | 4.0B | 2.8B | 2.8B | 2.7B | 2.4B | 2.3B | 2.7B | 2.3B | 1.9B | 1.2B |
| Avg. Price | 65.05 | 76.26 | 81.83 | 86.31 | 72.36 | 47.40 | 55.80 | 43.81 | 44.00 | 41.66 | 47.16 | 38.02 | 24.43 |
| Year-End Price | 68.80 | 87.29 | 80.06 | 72.55 | 48.54 | 49.81 | 47.79 | 42.60 | 40.58 | 48.48 | 41.38 | 35.15 | 24.43 |
TreeHouse Foods, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
TreeHouse Foods, Inc. trades at 47.9x trailing earnings, compared to its 15-year median P/E of 44.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 5.2x vs a median of 8.5x. The company's 5-year average ROIC is 1.5% with a gross margin of 16.8%. Total shareholder yield (buybacks) is 4.9%. At current prices, the estimated annualized return to fair value is -8.4%.
TreeHouse Foods, Inc. (THS) has a net profit margin of 0.8%. This is a modest margin.
TreeHouse Foods, Inc. (THS) generated $248 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TreeHouse Foods, Inc. (THS) has a debt-to-equity ratio of 1.01. This indicates moderate leverage.
TreeHouse Foods, Inc. (THS) reported earnings per share (EPS) of $0.51 in its most recent fiscal year.
TreeHouse Foods, Inc. (THS) has a return on equity (ROE) of 1.7%. This indicates moderate shareholder returns.
TreeHouse Foods, Inc. (THS) has a 5-year average gross margin of 16.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for TreeHouse Foods, Inc. (THS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TreeHouse Foods, Inc. (THS) has a book value per share of $29.37, based on its most recent annual SEC filing.