Performance Food Group Company (PFGC)
NEUTRALFundamental
61
Preço
$104.76
Capitalização de Mercado
$16.73B
Parte 1 · Quanto vale a empresa
Visão Geral
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.
Como gera receita
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.
Receita por segmento
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.
Vantagem competitiva
Escala · EstreitaThe 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.
O que impulsiona a procura
CíclicoDemand 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.
Principais riscos
- 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.
Concentração de clientes
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.
Os argumentos a favor
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.
Os argumentos contra
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 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
$67.84B
Últimos 12 meses (até 27/06/2026)
Resultado Líquido
$359M
Últimos 12 meses (até 27/06/2026)
Fluxo de Caixa Livre
$1.03B
Capital Próprio Total
$4.90B
Passivo Total
$13.95B
Rácio de Liquidez
1.51
Cobertura de Juros
2.15
Dívida/EBITDA
4.57
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
Valor Justo
$105.92
Preço Atual
$104.76
Margem de Segurança
+1.1%
Intervalo de Valor Justo
$68.85 - $142.99
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
46.19
ROE
7.3%
Rácio P/B
3.40
P/FCF
16.18
Margem Bruta
11.9%
ROIC
5.1%
Radar de Rentabilidade
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.
Critérios de Análise Fundamental
Aprovado (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
Reprovado (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%
Indisponível (2)
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Saúde financeira sólida
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
Número de ações estável
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| 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 | - |
Risco de Auditoria
5
Risco do Conselho
4
Risco de Remuneração
1
Risco dos Direitos dos Acionistas
1
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 PFGC, sourced from Markets Gazette.