Performance Food Group Company (PFGC)
NEUTRALFondamental
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
Delivery of food, equipment and supplies to independent and chain restaurants and other food-away-from-home outlets.
Distribution of snacks, beverages, tobacco and other packaged goods to convenience stores and gas-station retailers.
Distribution of candy, snacks and other specialty products to vending operators, theaters and other non-traditional channels.
Avantage concurrentiel
Économies d'échelle · ÉtroitThe 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
CycliqueDemand 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
Juste valeur
$105.92
Prix actuel
$104.96
Marge de sécurité
+0.9%
Fourchette de juste valeur
$68.85 - $142.99
Méthodes d'estimation
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
Santé financière solide
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Le nombre d'actions est stable
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Mr. George L. Holm | Executive Chair | 70 |
| Mr. Scott E. McPherson | CEO, President & Director | 55 |
| Mr. H. Patrick Hatcher | Executive VP & CFO | 55 |
| Mr. Allen Brent King J.D. | Executive VP, General Counsel & Secretary | 56 |
| Ms. Chasity Grosh | Senior VP & Chief Accounting Officer | 47 |
| Mr. Donald S. Bulmer | Executive VP & Chief Information Officer | 60 |
| Mr. Bill Marshall C.F.A. | Senior Vice President of Investor Relations | - |
| Mr. Scott Golden | Director of Communications & Engagement | - |
| Ms. Erika T. Davis CCP | Executive VP & Chief Human Resources Officer | 61 |
| Mr. George Hearn | Senior 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.