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The Kraft Heinz Company (KHC)

NEUTRAL
Consumer DefensivePackaged FoodsUnited States

Fundamental

43

Preço

$25.23

Capitalização de Mercado

$30.44B

Parte 1 · Quanto vale a empresa

Visão Geral

Kraft Heinz makes and sells packaged food and drinks under brands including Heinz, Kraft, Oscar Mayer, Philadelphia and Planters — ketchup and other condiments, macaroni and cheese, packaged meats, coffee and more. It sells almost entirely through third parties: supermarkets, mass retailers, club stores, drugstores and foodservice distributors that serve restaurants, rather than directly to households. North America is by far its largest market, with a smaller international business spanning Europe, Latin America and other regions.

Como gera receita

Revenue comes from selling branded packaged food to retailers and foodservice operators, who mark it up and resell it to consumers. A relatively small number of very large retail chains account for a large share of sales, giving them real leverage to negotiate price and shelf space, while Kraft Heinz's own leverage rests on brand names consumers specifically look for, such as Heinz Ketchup, that retailers feel they must stock.

Receita por segmento

North America74.52%

Branded packaged food and beverages sold to US and Canadian retailers, club stores and foodservice operators — the company's largest and most mature market.

International Developed Markets14.19%

Sales across Western Europe, the United Kingdom, Australia, New Zealand and Japan, where Heinz condiments are typically the strongest brand.

Emerging Markets11.3%

Sales across Latin America, Eastern Europe, the Middle East, Africa and parts of Asia — smaller today but generally growing faster than the other two regions.

Vantagem competitiva

Marca · Estreita

Heinz Ketchup, Kraft cheese and other brands built over a century of advertising and habit still make consumers ask for them by name and give Kraft Heinz leverage in getting shelf space. That advantage has narrowed, though: private-label alternatives have improved in quality and price, and North American volumes have been declining as shoppers trade down, so the brand edge no longer guarantees growth.

O que impulsiona a procura

Defensivo

People keep buying condiments, packaged cheese and coffee regardless of the economic cycle, which is why packaged food is considered a defensive business. But within that stability, Kraft Heinz's North American volumes fell as shoppers traded down to cheaper private-label alternatives, showing that 'defensive' protects the category more than it protects any one company's brand or market share within it.

Principais riscos

  • Reliance on a few very large retail customers — A handful of large mass-market and club-store chains account for a substantial share of sales, giving them significant leverage over pricing, promotions and shelf placement.
  • Private-label and value competition — Store-brand alternatives have narrowed the price and quality gap with Kraft Heinz products, and North American volumes have already declined as shoppers traded down.
  • Commodity cost volatility — Meat, dairy, grains and packaging material costs fluctuate with global commodity markets, and Kraft Heinz cannot always pass higher input costs on to retailers through price increases.
  • Shifting consumer preferences — Demand is gradually shifting toward fresher, less processed food, which pressures some legacy packaged-food categories that make up a large part of Kraft Heinz's portfolio.
  • Brand and goodwill impairment risk — Many Kraft Heinz brands are carried on the balance sheet at values set when they were acquired; if a brand underperforms for long enough, the company can be forced to write down its value.

Concentração de clientes

Kraft Heinz does not break out individual retailer names in the results reviewed here, but a small number of very large mass-market and club-store chains account for a substantial share of North American sales.

Os argumentos a favor

Buyers argue that Kraft Heinz's iconic, decades-old brands still command shelf space and pricing power that smaller and private-label rivals cannot easily replicate, and that cost discipline can offset near-term volume softness while the portfolio is reshaped.

Os argumentos contra

Sellers fear that shrinking North American volumes, a handful of powerful retail customers, and consumers steadily trading down to private label point to structural decline that brand strength alone is no longer enough to reverse.

Written by the editors, published on 18 de agosto de 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.

Balanço & Liquidez

Receita

$24.90B

Últimos 12 meses (até 27/06/2026)

Resultado Líquido

$-3.40B

Últimos 12 meses (até 27/06/2026)

Fluxo de Caixa Livre

$3.66B

Capital Próprio Total

$41.66B

Passivo Total

$40.00B

Rácio de Liquidez

1.06

Cobertura de Juros

4.65

Dívida/EBITDA

-

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Subvalorizada

Valor Justo

$53.57

Preço Atual

$25.23

Margem de Segurança

+52.9%

Intervalo de Valor Justo

$34.82 - $72.32

Métodos de Estimativa

Analyst Target:$25.09
DCF:$96.29
PE-based:-
Graham Growth:-
EPV:-
Consenso dos Analistas:Manter (2B / 17H / 9S)
Última Surpresa de Resultados:+4.79%

Métricas de Avaliação

Rácio P/E

-

ROE

-14.0%

Rácio P/B

0.85

P/FCF

7.98

Margem Bruta

33.4%

ROIC

-3.9%

Radar de Rentabilidade

Value Creation (Economic Moat)

ROIC

-3.9%

WACC

6.4%

ROIC − WACC

-10.3 pp

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

Critérios de Análise Fundamental

Aprovado (12)

  • Gross Margin 33.4%
  • P/FCF 7.98
  • P/B Ratio 0.85
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Earnings Surprise avg 8.0%
  • Share Dilution -2.3%
  • Net Margin Trend -13.6% vs -20.8%
  • Piotroski F-Score 5/9

Reprovado (10)

  • EPS shows upward trend
  • Price CAGR -11.56%
  • ROIC -3.9%
  • Operating Margin -12.8%
  • Return on Tangible Assets
  • Low reliance on intangibles
  • DCF valuation (Fairly valued)
  • ROE -8.4%
  • Revenue Growth 5Y -1.0%
  • Analyst Consensus 7% Buy

Indisponível (5)

  • Dividend Payout NaN%
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

5/9

Sinais mistos: algumas áreas requerem atenção

score
criteria

Qualidade dos Resultados

-

Baixa qualidade: investigar a contabilidade

Diluição de Ações

-2.3%

A recomprar ações. Favorável ao acionista

Governação

Equipa Executiva

NomeCargoIdade
Mr. Andre MacielExecutive VP & Global CFO50
Ms. Angel Shelton Willis J.D.Executive VP, Global General Counsel & Corporate Affairs Officer54
Mr. Cory OnellAdvisor51
Mr. Steven A. CahillaneCEO & Director60
Mr. Chris AsherVP, Global Controller & Principal Accounting Officer44
Ms. Anne-Marie MegelaVP & Global Head of Investor Relations-
Rodolfo M. CamachoGlobal Chief People Officer36
Mr. Eduardo Machado de Carvalho PelleissoneExecutive Vice President of Operations51
Mr. Jan KruiseUK & Ireland Managing Director-
Mr. Flavio Barros TorresExecutive VP & Global Supply Chain Officer56

Risco de Auditoria

5

Risco do Conselho

2

Risco de Remuneração

6

Risco dos Direitos dos Acionistas

3

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Latest News

Recent headlines for KHC, sourced from Markets Gazette.

  • 5/7/2026NEUTRAL
    Kraft Heinz Joins Reverse Yankee Boom to Fund Debt Buyback

    Kraft Heinz Foods Co is issuing euro-denominated debt in Europe, marking its first foray into this market in over a year. The proceeds are earmarked for repurchasing outstanding dollar-denominated notes. This move aims to optimize the company's capital structure and manage its debt obligations more efficiently. While this is a standard corporate finance activity, investors will monitor the terms of the new debt issuance and the success of the buyback in potentially reducing interest expenses and improving the company's leverage profile.

  • 5/6/2026NEUTRAL
    'The Consumer Can Only Absorb So Much': Kraft Heinz Gets Real About Inflation

    Kraft Heinz reported Q1 earnings that surpassed analyst expectations, though the company cautioned that consumers are nearing their limit for absorbing further price increases due to persistent inflation. Despite this consumer sentiment warning, the company maintained its 2026 financial outlook. This mixed message suggests that while current performance is robust, future growth may face headwinds from price sensitivity. Investors will monitor consumer spending trends and Kraft Heinz's ability to innovate or manage costs to sustain profitability.

  • 3/5/2026NEUTRAL
    Berkshire Has No Plans for Kraft Heinz Stake With Split Halted

    Berkshire Hathaway, led by CEO Greg Abel, stated it has no immediate plans to alter its stake in Kraft Heinz Co. This follows the food company's decision to pause its plans to split into two separate entities. The news is neutral for investors as it indicates neither an increased nor decreased interest from Berkshire in KHC, but rather an operational standstill pending future developments. The absence of strategic moves from such a significant investor suggests caution, but not necessarily a deterioration of the stock's intrinsic value.

via Markets Gazette