USFD

US Foods Holding Corp

Consumer


Presented:06/20/2023
Price:$42.25
Cap:$9.90B
Current Price:$62.54
Cap:$15.29B

Presented

Date06/20/2023
Price$42.25
Market Cap$9.90B
Ent Value$14.40B
P/E Ratio31.73x
Book Value$17.94
Div Yield0%
Shares O/S234.33M
Ave Daily Vol1,900,219
Short Int3.25%

Current

Price$62.54
Market Cap$15.29B
US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef's Line, del Pasado, Glenview Farms, Cattleman's Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli. The company was founded on May 23, 2007, and is headquartered in Rosemont, IL.

Publicly traded companies mentioned herein: Sysco Corp (SYY), Performance Food Group Co. (PFGC), US Foods Holding Corp. (USFD)

Highlights

The presenter is long shares of US Foods (USFD), the 2nd largest food distributor in the US, and thinks the set up has become attractive given the current valuation and USFD's focus on independents, which carry better economics. On top of this the company has a new CEO, Dave Flitman, who was previously the head of the Food Service Group at Performance Food Group from 2015 to 2018 and was most recently CEO of Builders FirstSource. Recent Q1 results and the better supply chain and logistics background of the new CEO give the presenter confidence in the company's ability to reduce leverage and increase margins, which should drive better EBITDA growth going forward.

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Idea Discussion

Commentor 1 - 2 weeks ago

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