B&G Foods, Inc. (BGS) vs Lifeway Foods, Inc. (LWAY)

B&G Foods, Inc. and Lifeway Foods, Inc. are both Packaged Foods companies. Lifeway Foods, Inc. is the larger, with a market value of $331.0M against $245.5M — 1.3× the size. B&G Foods, Inc. has negative trailing earnings, so its P/E is not meaningful; Lifeway Foods, Inc. trades at 30.2×. Lifeway Foods, Inc. grew revenue faster over the last twelve months: 25.6% against −4.91%. Lifeway Foods, Inc. has the higher net margin (4.48% vs −4.00%) and the higher return on invested capital (9.89% vs 1.69%). Across the 20 metrics below, Lifeway Foods, Inc. leads on 13 and B&G Foods, Inc. on 7.

Valuation

Metric BGS LWAY Packaged Foods median
P/E n/m 30.19 12.69
P/S 0.14 1.36 0.61
P/B 0.64 3.90 1.47
Price to free cash flow 2.20 n/m 8.50
EV/EBITDA 10.29 17.29 8.20
EV/Sales 1.23 1.43 0.85
Earnings yield (28.71%) 3.31% 0.00%
Free cash flow yield 45.50% (9.37%) 6.05%

Profitability

Metric BGS LWAY Packaged Foods median
Gross margin 21.53% 25.64% 27.54%
Operating margin 3.55% 6.49% 0.00%
Net margin (4.00%) 4.48% 0.00%
Free cash flow margin 6.46% (12.74%) 2.56%
Return on equity (15.80%) 13.32% 0.00%
Return on assets (2.25%) 9.43% 0.00%
Return on invested capital 1.69% 9.89% 0.00%

Growth

Metric BGS LWAY Packaged Foods median
Revenue growth (TTM) (4.91%) 25.59% 5.69%
EPS growth (last fiscal year) 83.02% 48.33% —
Revenue growth, 5-year CAGR (1.46%) 15.81% 3.81%
Net income growth, 5-year CAGR 0.00% 33.80% 0.00%

Health

Metric BGS LWAY Packaged Foods median
Debt to equity 6.38 0.26 0.26
Current ratio 1.62 2.09 1.64
Net debt to EBITDA 7.55 (0.28) 0.87

Dividend

Metric BGS LWAY Packaged Foods median
Dividend yield 7.76% — 3.21%
Payout ratio 3.33 0.00 0.00

Size

Metric BGS LWAY Packaged Foods median
Market cap 245.45m 330.99m 245.45m

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