Download PDF

1. Company Snapshot

1.a. Company Description

The Real Good Food Company, Inc., through its subsidiary, Real Good Foods, LLC operates as a health and wellness focused frozen food company in the United States.The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients.It offers comfort foods, such as bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread breakfast sandwiches, and various entrée bowls under the Realgood Foods Co. brand name, as well as sells private-label products.


The company serves retailers, which primarily sell its products through natural and conventional grocery, drug, club, and mass merchandise stores.It also sells its products through its e-commerce channel, which includes direct-to-consumer sales through its website, as well as through its retail customers' online platforms.The company was formerly known as Project Clean, Inc.


and changed its name to The Real Good Food Company, Inc.in October 2021.The Real Good Food Company, Inc.


was founded in 2016 and is based in Cherry Hill, New Jersey.

Show Full description

1.b. Last Insights on RGF

The Real Good Food Company's recent performance was negatively driven by its failure to regain compliance with Nasdaq Listing Rule 5550(a)(2) and subsequent delisting from the Nasdaq stock exchange. The company's Board of Directors approved a 12-to-1 reverse stock split to regain compliance, but it was too late as the Nasdaq Listing Qualifications Staff notified the company of its failure to timely file its Form 10-Q for the period ended September 30, 2024. This led to the company's delisting from Nasdaq, effective January 7, 2025. The company's common stock will now trade on the Pink Open Market operated by the OTC Markets Group, Inc.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

The Real Good Food Company Announces Intent to Voluntarily Delist from Nasdaq and Deregister with the SEC

Jan -30

Source: globenewswire.com

Card image cap

The Real Good Food Company Announces Nasdaq Delisting

Jan -06

Source: globenewswire.com

Card image cap

The Real Good Food Company Announces Reverse Stock Split

Dec -30

Source: globenewswire.com

Card image cap

The Real Good Food Company Receives Anticipated Additional Delinquency Notice from Nasdaq

Nov -25

Source: globenewswire.com

Card image cap

The Real Good Food Company Announces Debt Refinancing Transactions with PMC Financial Services and Emblem Investments Fund I, LP

Sep -26

Source: globenewswire.com

Card image cap

The Real Good Food Company Receives Nasdaq Notice Regarding Potential Delisting

Sep -18

Source: globenewswire.com

Card image cap

Real Good Foods Launches New Seasoned Chicken Breast Chunks in 4,000 Walmart Stores Nationwide

Jun -24

Source: globenewswire.com

Card image cap

The Real Good Food Company Receives Nasdaq Notice Regarding Filing Requirements

May -31

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.96%)

6. Segments

Entrees

Expected Growth: 12%

The Real Good Food Company's 12% growth in entrees is driven by increasing demand for healthy, convenient meals, particularly among millennials and Gen Z. Strong online presence, strategic partnerships, and innovative product offerings, such as vegan and gluten-free options, have contributed to the company's success.

Breakfast

Expected Growth: 10%

The Real Good Food Company's breakfast segment growth is driven by increasing demand for healthy, convenient, and sustainable food options. Key drivers include rising health awareness, growing popularity of meal kits and delivery services, and expanding distribution channels. Additionally, the company's focus on organic and non-GMO ingredients, as well as its strong online presence, contribute to its 10% growth rate.

Pizza and Snacks

Expected Growth: 16%

The Real Good Food Company's 16% growth in Pizza and Snacks is driven by increasing demand for healthy, convenient, and affordable meal options. Key drivers include rising health consciousness, busy lifestyles, and growing popularity of online food delivery. The company's focus on natural ingredients, innovative products, and strategic partnerships also contribute to its rapid expansion.

7. Detailed Products

Caulipower

A line of cauliflower-based, gluten-free, and vegan-friendly food products, including pizzas, cauliflower gnocchi, and cauliflower tortillas.

Caulipower Fresh

A line of fresh, never frozen, cauliflower-based products, including cauliflower rice, cauliflower florets, and cauliflower stems.

R Caulipower

A line of refrigerated, ready-to-cook cauliflower-based products, including cauliflower pizza crusts and cauliflower gnocchi.

Caulipower Snacks

A line of crispy, cauliflower-based snack foods, including cauliflower crackers and cauliflower puffs.

8. The Real Good Food Company, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for The Real Good Food Company, Inc. is medium due to the availability of alternative healthy food options in the market.

Bargaining Power Of Customers

The bargaining power of customers for The Real Good Food Company, Inc. is high due to the presence of many competitors in the healthy food market, giving customers more options and bargaining power.

Bargaining Power Of Suppliers

The bargaining power of suppliers for The Real Good Food Company, Inc. is low due to the company's ability to negotiate prices with its suppliers.

Threat Of New Entrants

The threat of new entrants for The Real Good Food Company, Inc. is medium due to the moderate barriers to entry in the healthy food market.

Intensity Of Rivalry

The intensity of rivalry for The Real Good Food Company, Inc. is high due to the presence of many competitors in the healthy food market, leading to intense competition.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 75.57%
Debt Cost 4.31%
Equity Weight 24.43%
Equity Cost 4.31%
WACC 4.31%
Leverage 309.38%

11. Quality Control: The Real Good Food Company, Inc. 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

Stock-Card
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 ->

View Full Report
Stock-Card
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 ->

View Full Report
Stock-Card
BRC

A-Score: 3.2/10

Value: 7.0

Growth: 6.4

Quality: 3.8

Yield: 0.0

Momentum: 0.0

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
TreeHouse Foods

A-Score: 3.0/10

Value: 6.6

Growth: 4.2

Quality: 2.6

Yield: 0.0

Momentum: 0.0

Volatility: 4.3

1-Year Total Return ->

View Full Report
Stock-Card
Beyond Meat

A-Score: 3.0/10

Value: 9.0

Growth: 3.0

Quality: 5.2

Yield: 0.0

Momentum: 0.5

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
Real Good Food

A-Score: 2.8/10

Value: 9.8

Growth: 3.7

Quality: 3.1

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.25$

Current Price

1.25$

Potential

-0.00%

Expected Cash-Flows