Professional
Added to YB: 2024-02-15
Pitch date: 2024-02-14
FARM [bullish]
Farmer Bros. Co.
-58.79%
current return
Author Info
Lake Cornelia Research Management provides managed accounts and bespoke advisory services to family offices & investment funds. Follow on Twitter/X.
Company Info
Farmer Bros. Co. engages in roasting, wholesaling, equipment servicing, and distributing coffee, tea, and other allied products in the United States.
Market Cap
$31.3M
Pitch Price
$3.64
Price Target
10.00 (+567%)
Dividend
N/A
EV/EBITDA
2.66
P/E
-2.30
EV/Sales
0.24
Sector
Food Products
Category
growth
Farmer Bros. Co. Direct Store Delivery Network Efficiency and Expansion Strategies
$FARM DSD coffee biz: Q2 rev $89.5M, $2.3M EBITDA, $0.13 EPS Price offset -8.6% vol. Focus: expand routes, SKU cuts 60% for 40%+ GM, opex 30%+ as rev grow. Debt $23M, FCF+ 2025. $400M rev, 42.5% GM, 39.2% opex = $30M EBITDA, $10 at 7.4x EV/EBITDA. PT $6 Risks: coffee price, demand, competition, supply chain
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