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MGPI - MGP Ingredients, Inc.

NASDAQ -> Consumer Defensive -> Beverages—Wineries & Distilleries
Atchison, United States
Type: Equity

MGPI price evolution
MGPI
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $18.39 $28.03 $21.96 $31.73
Short term investments
Net receivables $144.29 $126.69 $147.57 $128.61
Inventory $346.85 $342.4 $343.83 $308.56
Total current assets $514.3 $503.92 $520.85 $475.44
Long term investments $5.2 $5.34 $4.96 $5.27
Property, plant & equipment $276.28 $258.8 $267.77 $255.67
Goodwill & intangible assets $593.25 $594.06 $597.15 $442.54
Total noncurrent assets $878.05 $862.45 $874.28 $708.75
Total investments $5.2 $5.34 $4.96 $5.27
Total assets $1392.35 $1366.37 $1395.13 $1184.19
Current liabilities
Accounts payable $73.59 $54.4 $84.92 $66.75
Deferred revenue
Short long term debt $6.4 $6.4 $6.4 $6.4
Total current liabilities $114.11 $90.11 $118.65 $102.31
Long term debt $292.14 $322.88 $332.27 $234.47
Total noncurrent liabilities $429.18 $458.07 $469.36 $305.92
Total debt $298.54 $329.28 $338.67 $240.87
Total liabilities $543.28 $548.18 $588.01 $408.24
Shareholders' equity
Retained earnings $539.88 $511.48 $500.93 $471.47
Other shareholder equity -$0.4 -$0.48 -$0.17 -$0.24
Total shareholder equity $850.49 $819.59 $808.4 $777.07
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $18.39 $47.89 $21.57 $21.66
Short term investments
Net receivables $144.29 $113.59 $92.54 $56.97
Inventory $346.85 $289.72 $245.94 $141.01
Total current assets $514.3 $454.16 $367.1 $222.28
Long term investments $5.2 $5.53 $4.94
Property, plant & equipment $276.28 $250.67 $216.96 $137.14
Goodwill & intangible assets $593.25 $443.06 $445.13
Total noncurrent assets $878.05 $704.05 $674.37 $144.29
Total investments $5.2 $5.53 $4.94
Total assets $1392.35 $1158.21 $1041.47 $366.57
Current liabilities
Accounts payable $73.59 $66.43 $53.71 $30.27
Deferred revenue $2.2
Short long term debt $6.4 $5.6 $3.23 $1.6
Total current liabilities $114.11 $105.38 $88.8 $53.33
Long term debt $292.14 $224.74 $237.17 $41.33
Total noncurrent liabilities $429.18 $307.19 $308.4 $50.72
Total debt $298.54 $241.96 $240.4 $42.93
Total liabilities $543.28 $411.49 $397.2 $104.05
Shareholders' equity
Retained earnings $539.88 $443.06 $344.24 $262.94
Other shareholder equity -$0.4 -$0.3 $0.35 $0.49
Total shareholder equity $850.49 $746.72 $644.75 $262.53
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $214.89 $211.62 $209 $201.01
Cost of revenue $129.74 $138.18 $132.71 $131.19
Gross Profit $85.14 $73.45 $76.3 $69.82
Operating activities
Research & development
Selling, general & administrative $38.12 $31.07 $32.15 $28.27
Total operating expenses $39.17 $49.41 $32.15 $28.27
Operating income $45.97 $24.04 $44.14 $41.56
Income from continuing operations
EBIT $42.87 $19.94 $44.21 $41.72
Income tax expense $9.78 $4.37 $10.8 $9.65
Interest expense $2.02 $2.35 $1.28 $0.99
Net income
Net income $31.07 $13.21 $32.13 $31.07
Income (for common shares) $30.75 $13.08 $31.8 $30.76
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $836.52 $782.36 $626.72 $395.52
Cost of revenue $531.81 $529.05 $427.75 $296.71
Gross Profit $304.71 $253.31 $198.97 $98.81
Operating activities
Research & development
Selling, general & administrative $129.61 $104.34 $88.93 $44.56
Total operating expenses $149 $104.34 $72.6 $44.56
Operating income $155.71 $148.97 $126.36 $54.24
Income from continuing operations
EBIT $148.74 $146.21 $125.62 $54.24
Income tax expense $34.62 $31.3 $30.28 $12.26
Interest expense $6.65 $5.45 $4.04 $1.64
Net income
Net income $107.47 $109.46 $91.31 $40.34
Income (for common shares) $106.4 $108.59 $90.59 $40.08
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $31.07 $13.21 $32.13 $31.07
Operating activities
Depreciation $5.84 $5.78 $5.32 $5.17
Business acquisitions & disposals $0.69 -$104.4
Stock-based compensation $4.98 $2.01 $2.42 $1.22
Total cash flows from operations $35.18 $28.45 $15.13 $5.02
Investing activities
Capital expenditures -$13.21 -$12.01 -$13.82 -$16.24
Investments
Total cash flows from investing -$12.55 -$11.1 -$118.64 -$16.95
Financing activities
Dividends paid -$2.67 -$2.67 -$2.67 -$2.67
Sale and purchase of stock -$0.8
Net borrowings -$29.6 -$8.6 $96.4 -$0.8
Total cash flows from financing -$32.27 -$11.27 $93.73 -$4.27
Effect of exchange rate $0 -$0.01 $0.01 $0.03
Change in cash and equivalents -$9.64 $6.07 -$9.77 -$16.16
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $107.47 $109.46 $91.31 $40.34
Operating activities
Depreciation $22.11 $21.45 $19.09 $12.96
Business acquisitions & disposals -$103.71 -$149 -$2.75
Stock-based compensation $10.63 $5.5 $5.55 $3
Total cash flows from operations $83.78 $88.94 $88.26 $53.26
Investing activities
Capital expenditures -$55.27 -$45.17 -$47.39 -$16.8
Investments -$2.81 -$1.47
Total cash flows from investing -$159.24 -$47.81 -$182.62 -$19.65
Financing activities
Dividends paid -$10.68 -$10.65 -$10.02 -$8.19
Sale and purchase of stock -$0.8 -$0.71 -$0.77 -$4.41
Net borrowings $57.4 -$3.4 $112.12 -$1.51
Total cash flows from financing $45.92 -$14.76 $94.29 -$15.26
Effect of exchange rate $0.03 -$0.04 -$0.03
Change in cash and equivalents -$29.5 $26.32 -$0.09 $18.35
Fundamentals
Market cap $1.89B
Enterprise value $2.17B
Shares outstanding 22.02M
Revenue $836.52M
EBITDA $170.85M
EBIT $148.74M
Net Income $107.47M
Revenue Q/Q 12.51%
Revenue Y/Y 6.92%
P/E ratio 17.58
EV/Sales 2.59
EV/EBITDA 12.70
EV/EBIT 14.58
P/S ratio 2.26
P/B ratio 2.22
Book/Share 38.65
Cash/Share 0.84
EPS $4.88
ROA 8.05%
ROE 13.21%
Debt/Equity 0.64
Net debt/EBITDA 3.07
Current ratio 4.51
Quick ratio 1.47