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Performance Food Group Company (PFGC)

NEUTRAL
Consumer DefensiveFood DistributionUnited States

Fondamental

61

Prix

$104.96

Capitalisation boursière

$16.73B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

Performance Food Group buys food and related products in bulk from manufacturers and resells them, delivered by truck, to restaurants, convenience stores and institutions across North America. It does not make the food it sells: its business is the logistics of buying, warehousing and distributing more than 300,000 products from over 150 distribution centers to more than 300,000 customer locations that would otherwise have to source from many separate suppliers.

Comment l'entreprise gagne de l'argent

Revenue comes from marking up products bought from suppliers and reselling them, mostly against individual purchase orders rather than long-term contracts. Because it only handles and moves goods rather than manufacturing them, margins are thin by nature, so profit depends on volume, purchasing scale and selling higher-margin private-label "Performance Brands" products rather than on pricing power over any single item.

Chiffre d'affaires par segment

Foodservice53.4%

Delivery of food, equipment and supplies to independent and chain restaurants and other food-away-from-home outlets.

Convenience38.9%

Distribution of snacks, beverages, tobacco and other packaged goods to convenience stores and gas-station retailers.

Specialty7.8%

Distribution of candy, snacks and other specialty products to vending operators, theaters and other non-traditional channels.

Avantage concurrentiel

Économies d'échelle · Étroit

The company points to economies of scale in purchasing and a nationwide network of over 150 distribution centers as its edge in a business it itself calls low-margin and intensely competitive. Most customers buy order-by-order with no exclusivity, so the advantage lies in buying and routing goods more cheaply than smaller regional rivals, not in locking customers in.

Ce qui stimule la demande

Cyclique

Demand tracks how often people eat away from home, which the company itself ties to consumer confidence and discretionary spending — both of which contract in a downturn. Foodservice volumes therefore move with the broader economy more than a typical grocery distributor, even though eating is a basic need.

Principaux risques

  • Thin margins amplify swings — The company operates in what it calls a low-margin industry, so a small decline in sales or a small rise in costs can produce a disproportionately large swing in net income.
  • No exclusivity with customers — Many customers buy under individual purchase orders with no obligation to keep buying, so a competitor offering better pricing or service can take business away with little friction.
  • Reliance on third-party suppliers — The company depends on outside suppliers for the products it distributes, so labor shortages, weather, recalls or disease outbreaks upstream can interrupt supply or raise costs.
  • Significant debt load — Total indebtedness of about $6.8 billion constrains financial flexibility and increases exposure to interest-rate movements on variable-rate borrowings.
  • Sensitivity to consumer spending — Unfavorable economic conditions, inflation or tariffs can reduce consumer confidence and discretionary spending, directly lowering demand for food-away-from-home.

Concentration des clients

The company states that no single customer accounted for more than 10% of consolidated net sales in fiscal 2025, 2024 or 2023, without disclosing an exact figure for the largest one.

Les arguments en faveur

Buyers argue that a nationwide distribution network built through years of acquisitions gives the company purchasing scale that smaller regional distributors cannot match, and that growing the mix of higher-margin independent restaurant and private-label sales can lift profitability even in a structurally thin-margin industry.

Les arguments contre

Sellers fear that a low-margin, largely order-by-order business tied to discretionary restaurant spending leaves little cushion in a downturn, and that nearly $6.8 billion of debt limits room to maneuver if sales volumes or interest rates move against the company.

Written by the editors, published on 18 août 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Bilan & Liquidités

Chiffre d'affaires

$67.84B

12 derniers mois (au 27/06/2026)

Résultat net

$359M

12 derniers mois (au 27/06/2026)

Flux de trésorerie libre

$1.03B

Capitaux propres totaux

$4.90B

Passif total

$13.95B

Ratio de liquidité général

1.51

Couverture des intérêts

2.15

Dette/EBITDA

4.57

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Justement valorisé

Juste valeur

$105.92

Prix actuel

$104.96

Marge de sécurité

+0.9%

Fourchette de juste valeur

$68.85 - $142.99

Méthodes d'estimation

Analyst Target:$123.62
DCF:$132.77
PE-based:$42.31
Graham Growth:$37.28
EPV:$44.85
Consensus des analystes:Achat fort (19B / 2H / 0S)
Dernière surprise sur les résultats:-2.68%

Indicateurs de valorisation

Ratio P/E

46.19

ROE

7.3%

Ratio P/B

3.40

P/FCF

16.18

Marge brute

11.9%

ROIC

5.1%

Radar de rentabilité

Value Creation (Economic Moat)

ROIC

5.1%

WACC

7.7%

ROIC − WACC

-2.6 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Critères d'analyse fondamentale

Réussi (16)

  • EPS shows upward trend
  • EPS CAGR 23.61%
  • Price CAGR 15.90%
  • ROIC 5.1%
  • P/FCF 16.18
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Revenue Growth 5Y 20.3%
  • Analyst Consensus 90% Buy
  • Earnings Quality (OCF/NI) 3.93
  • Share Dilution 0.5%
  • Piotroski F-Score 8/9

Échoué (10)

  • Gross Margin 11.9%
  • P/B Ratio 3.40
  • Operating Margin 1.3%
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • ROE 7.1%
  • Earnings Surprise avg -4.6%
  • Net Margin Trend 0.5% vs 0.5%

Indisponible (2)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Score F de Piotroski

8/9

Santé financière solide

score
criteria

Qualité des bénéfices

3.93

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

0.5%

Le nombre d'actions est stable

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. George L. HolmExecutive Chair70
Mr. Scott E. McPhersonCEO, President & Director55
Mr. H. Patrick HatcherExecutive VP & CFO55
Mr. Allen Brent King J.D.Executive VP, General Counsel & Secretary56
Ms. Chasity GroshSenior VP & Chief Accounting Officer47
Mr. Donald S. BulmerExecutive VP & Chief Information Officer60
Mr. Bill Marshall C.F.A.Senior Vice President of Investor Relations-
Mr. Scott GoldenDirector of Communications & Engagement-
Ms. Erika T. Davis CCPExecutive VP & Chief Human Resources Officer61
Mr. George HearnSenior VP & CFO of Performance Foodservice-

Risque d'audit

5

Risque du conseil

4

Risque de rémunération

1

Risque droits des actionnaires

1

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Latest News

Recent headlines for PFGC, sourced from Markets Gazette.

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