Bridgford Foods Corporation (BRID) | Investment Case

1. Company Snapshot

1.a. Company Description

Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated, and snack food products in the United States.It operates in two segments, Frozen Food Products and Snack Food Products.The company primarily offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products.

It provides approximately 130 frozen food products to food service and retail customers through wholesalers, cooperatives, and distributors; and 170 snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network.The company was founded in 1932 and is headquartered in Dallas, Texas.Bridgford Foods Corporation is a subsidiary of Bridgford Industries Incorporated.

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1.b. Last Insights on BRID

Bridgford Foods Corporation's recent performance has been negatively driven by escalating commodity inflation, which is pressuring margin profitability, particularly in the Snack Foods division. Inflationary costs have outpaced the company's ability to increase prices, leading to reduced profitability. This trend is expected to continue, at least in the near term, as the business model struggles to adapt to the current market environment. Additionally, there is no recent earnings release to provide insight into the company's current financial performance.

1.c. Company Highlights

Last Price	7.73
Change Percentage	-2.77%
Open	7.52
Previous Close	7.95
Market Cap ( Millions)	70
Volume	680
Year High	10.83
Year Low	7.24
M A 50	7.8
M A 200	8.11

FCF Yield	-17.85%
Dividend Yield	0.00%
ROE	-5.81%
Debt / Equity	1.70%
Net Debt / EBIDTA	21.64%
Price To Book	0.58
Price Earnings Ratio	-9.66
Price To FCF	-5.6
Price To sales	0.31
EV / EBITDA	-11.16

2. Transcript Summary

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3. NewsRoom

Bridgford Foods (NASDAQ:BRID) and GLG Life Tech (OTCMKTS:GLGLF) Critical Survey

Nov -25

Source: defenseworld.net

Bridgford Foods: A Hold Until The Business Stabilizes

Mar -22

Source: seekingalpha.com

BRID Stock Earnings: Bridgford Foods Reported Results for Q3 2024

Aug -26

Source: investorplace.com

Bridgford Foods: Hidden Value On The Balance Sheet

Jan -19

Source: Seeking Alpha

Bridgford Foods: Distribution Network Expansion Resulting In Compounding Growth

Sep -27

Source: Seeking Alpha

Bridgford Foods: Looking To Exploit The Disconnect

Jul -03

Source: Seeking Alpha

6 Deep Value Microcaps With Decent Trading Momentum

Mar -02

Source: Seeking Alpha

Bridgford Foods: Stable And Tested Business Model At A Cheap Valuation

Nov -28

Source: Seeking Alpha

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Snack Food Products

Expected Growth: 4.5%

Increasing demand for convenient and portable snacks, growing health awareness driving demand for protein-rich snacks, and expanding distribution channels are expected to drive the growth of Bridgford Foods' snack food products.

Frozen Food Products

Expected Growth: 4.5%

Growing demand for convenience foods, increasing popularity of food-to-go, and expansion of convenience stores and restaurants are expected to drive the frozen food market growth.

7. Detailed Products

Bread

Freshly baked bread for retail and foodservice industries

Rolls

Soft and fluffy rolls for sandwiches, burgers, and hot dogs

Buns

Soft and sesame-seeded buns for hot dogs and burgers

Frozen Dough

Frozen dough for bread, rolls, and buns

Cakes and Pastries

Sweet baked goods for retail and foodservice industries

Snack Cakes

Individually wrapped snack cakes for vending and convenience stores

Frozen Baked Goods

Frozen baked goods for retail and foodservice industries

8. Bridgford Foods Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

Bridgford Foods Corporation operates in a industry with moderate threat of substitutes. The company's products are moderately differentiated, and customers have some alternatives available.

Bargaining Power Of Customers

Bridgford Foods Corporation's customers have low bargaining power due to the company's strong brand presence and wide distribution network.

Bargaining Power Of Suppliers

Bridgford Foods Corporation's suppliers have moderate bargaining power due to the company's dependence on a few key suppliers for raw materials.

Threat Of New Entrants

The threat of new entrants in the industry is low due to high barriers to entry, including significant capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry in the industry is high due to the presence of several established players and low switching costs for customers.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	5.47%
Debt Cost	3.95%
Equity Weight	94.53%
Equity Cost	0.96%
WACC	1.13%
Leverage	5.78%

11. Quality Control: Bridgford Foods Corporation passed 4 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Inefficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Bridgford Foods

A-Score: 5.1/10

Value: 9.6

Growth: 4.1

Quality: 5.1

Yield: 0.0

Momentum: 6.0

Volatility: 5.7

1-Year Total Return ->

Herbalife Nutrition

A-Score: 4.9/10

Value: 9.5

Growth: 3.6

Quality: 5.8

Yield: 0.0

Momentum: 8.0

Volatility: 2.3

1-Year Total Return ->

B&G Foods

A-Score: 4.8/10

Value: 9.6

Growth: 2.6

Quality: 2.8

Yield: 10.0

Momentum: 0.0

Volatility: 3.7

1-Year Total Return ->

Laird Superfood

A-Score: 4.3/10

Value: 7.4

Growth: 6.9

Quality: 4.8

Yield: 0.0

Momentum: 4.5

Volatility: 2.0

1-Year Total Return ->

USANA Health Sciences

A-Score: 3.6/10

Value: 8.0

Growth: 2.2

Quality: 5.8

Yield: 0.0

Momentum: 1.5

Volatility: 4.0

1-Year Total Return ->

NAI

A-Score: 3.3/10

Value: 9.5

Growth: 2.9

Quality: 2.8

Yield: 0.0

Momentum: 0.5

Volatility: 4.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

8.75%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

1.13%

Bridgford Foods Corporation - US1087631032

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on BRID

1.c. Company Highlights

Average Yield

Average Growth

Medium Volatility

Fairly Valued

Cheaper

Lower Yield

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Snack Food Products

Expected Growth: 4.5%

Frozen Food Products

Expected Growth: 4.5%

7. Detailed Products

Bread

Rolls

Buns

Frozen Dough

Cakes and Pastries

Snack Cakes

Frozen Baked Goods

8. Bridgford Foods Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Bridgford Foods Corporation passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

7.73$

Current Price

7.73$

Potential

0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA