0.55%
-7.90%
-24.52%
-55.54%
-57.32%
-52.08%
6.46%

Company Description

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients.It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions.The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products.


This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services.The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits.The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins.


The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada.MGP Ingredients, Inc.was founded in 1941 and is headquartered in Atchison, Kansas.

Market Data

Last Price 36.26
Change Percentage 0.55%
Open 36.25
Previous Close 36.06
Market Cap ( Millions) 796
Volume 101023
Year High 92.91
Year Low 34.02
M A 50 41.63
M A 200 68.06

Financial Ratios

FCF Yield 5.35%
Dividend Yield 1.32%
ROE 12.19%
Debt / Equity 32.99%
Net Debt / EBIDTA 151.80%
Price To Book 0.88
Price Earnings Ratio 7.45
Price To FCF 18.68
Price To sales 1.08
EV / EBITDA 5.82

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Distilling Solutions

Expected Growth : 1.8 %

What the company do ?

Distilling Solutions from MGP Ingredients, Inc. offers premium specialty wheat proteins and yeast products for whiskey, bourbon, and other craft spirits production.

Why we expect these perspectives ?

MGP Ingredients' Distilling Solutions segment growth of 1.8% is driven by increasing demand for premium American whiskey, expansion of craft distilleries, and rising sales of specialty bourbons and whiskeys. Additionally, the company's strategic partnerships, capacity expansions, and innovative product offerings contribute to its growth momentum.

Segment nΒ°2 -> Branded Spirits

Expected Growth : 2.2 %

What the company do ?

Branded Spirits from MGP Ingredients, Inc. offers premium spirits, including bourbons, whiskeys, and vodkas, under its own brands and through partnerships with other companies.

Why we expect these perspectives ?

MGP Ingredients' Branded Spirits segment growth of 2.2% is driven by increasing demand for premium whiskey, expansion of distribution channels, and strategic partnerships. Additionally, the company's focus on innovation, quality, and customer relationships contributes to its growth. Furthermore, the rising popularity of craft spirits and the growing trend of at-home cocktail consumption also support the segment's growth.

Segment nΒ°3 -> Ingredient Solutions

Expected Growth : 1.9 %

What the company do ?

MGP Ingredients, Inc.'s Ingredient Solutions provide customized, high-quality ingredients for food, beverage, and pet food manufacturers, enhancing product taste, texture, and nutritional value.

Why we expect these perspectives ?

MGP Ingredients' Ingredient Solutions segment growth of 1.9% is driven by increasing demand for premium beverages, expansion in the craft spirits market, and growing consumer preference for natural and organic ingredients. Additionally, the company's strategic investments in innovation and capacity expansion have enabled it to capitalize on emerging trends in the food and beverage industry.

Mgp Ingredients, Inc. Products

Product Range What is it ?
Distilled Spirits MGP Ingredients, Inc. produces a range of distilled spirits, including bourbon, whiskey, and vodka, which are used in various applications such as beverages, flavorings, and pharmaceuticals.
Specialty Wheat Proteins MGP's specialty wheat proteins are used in various applications such as baked goods, snacks, and meat products, providing texture, structure, and nutritional benefits.
Plant-Based Proteins MGP's plant-based proteins are derived from sources such as pea, rice, and potato, and are used in various applications such as meat alternatives, snacks, and beverages.
Textured Proteins MGP's textured proteins are used in various applications such as meat alternatives, snacks, and cereals, providing texture and nutritional benefits.
Industrial Alcohol MGP's industrial alcohol is used in various applications such as cleaning products, personal care products, and pharmaceuticals.

MGP Ingredients, Inc.'s Porter Forces

The threat of substitutes for MGP Ingredients, Inc. is medium due to the availability of alternative products in the market. While the company's products are unique, customers may still opt for substitutes, affecting the company's sales.

The bargaining power of customers is low for MGP Ingredients, Inc. due to the company's strong brand presence and customer loyalty. Customers have limited bargaining power, and the company has a strong negotiating position.

The bargaining power of suppliers is medium for MGP Ingredients, Inc. due to the availability of alternative suppliers in the market. While the company has some negotiating power, suppliers also have some bargaining power, affecting the company's costs.

The threat of new entrants is low for MGP Ingredients, Inc. due to the high barriers to entry in the industry. New entrants would require significant investment and expertise to compete with the company.

The intensity of rivalry is high for MGP Ingredients, Inc. due to the competitive nature of the industry. The company faces intense competition from established players, and the market is highly competitive.

Capital Structure

Value
Debt Weight 26.20%
Debt Cost 3.95%
Equity Weight 73.80%
Equity Cost 7.72%
WACC 6.73%
Leverage 35.49%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
IMKTA Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and …
SPTN SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 stock-keeping units, such as dry groceries, …
WVVI Willamette Valley Vineyards, Inc. produces and sells wine in the United States and internationally. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, …
NAPA The Duckhorn Portfolio, Inc. produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, …
LWAY Lifeway Foods, Inc. produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
36.26$
Current Price
36.26$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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