Pilgrim's Pride PPC...What am I not seeing?

C

Cabin111

I bought some earlier...It still looks cheap to me. What am I not seeing?? Is it the debt?? Too many shares outstanding? Is it because it's a boring/mature industry? Is it younger people are becoming vegetarians? Here are the stats...Any insight I would like to hear.

PPC...Stock closed at $20.80

Valuation Measures
Market Cap (intraday) 5 5.18B
Enterprise Value 3 8.15B
Trailing P/E 7.46
Forward P/E 1 7.05
PEG Ratio (5 yr expected) 1 -2.26
Price/Sales (ttm) 0.48
Price/Book (mrq) 2.80
Enterprise Value/Revenue 3 0.76
Enterprise Value/EBITDA 6 5.95
Financial Highlights
Fiscal Year
Fiscal Year Ends ‎Dec‎ ‎31‎, ‎2017
Most Recent Quarter (mrq) ‎Dec‎ ‎31‎, ‎2017
Profitability
Profit Margin 6.45%
Operating Margin (ttm) 10.18%
Management Effectiveness
Return on Assets (ttm) 12.16%
Return on Equity (ttm) 35.25%
Income Statement
Revenue (ttm) 10.77B
Revenue Per Share (ttm) 43.29
Quarterly Revenue Growth (yoy) 15.70%
Gross Profit (ttm) 1.47B
EBITDA 1.37B
Net Income Avi to Common (ttm) 694.58M
Diluted EPS (ttm) 2.79
Quarterly Earnings Growth (yoy) 90.20%
Balance Sheet
Total Cash (mrq) 581.51M
Total Cash Per Share (mrq) 2.34
Total Debt (mrq) 2.74B
Total Debt/Equity (mrq) 147.62
Current Ratio (mrq) 1.73
Book Value Per Share (mrq) 7.42
Cash Flow Statement
Operating Cash Flow (ttm) 801.32M
Levered Free Cash Flow (ttm) 384.5M
Trading Information
Stock Price History
Beta -0.14
52-Week Change 3 -10.83%
S&P500 52-Week Change 3 13.55%
52 Week High 3 38.39
52 Week Low 3 20.23
50-Day Moving Average 3 23.00
200-Day Moving Average 3 28.25
Share Statistics
Avg Vol (3 month) 3 1.37M
Avg Vol (10 day) 3 1.62M
Shares Outstanding 5 248.98M
Float 52.98M
% Held by Insiders 1 0.32%
% Held by Institutions 1 26.24%
Shares Short 3 16.54M
Short Ratio 3 16.15
Short % of Float 3 31.39%
Shares Short (prior month) 3 16.37M
Dividends & Splits
Forward Annual Dividend Rate 4 N/A
Forward Annual Dividend Yield 4 N/A
Trailing Annual Dividend Rate 3 N/A
Trailing Annual Dividend Yield 3 N/A
5 Year Average Dividend Yield 4 N/A
Payout Ratio 4 0.00%
Dividend Date 3 ‎May‎ ‎18‎, ‎2016
Ex-Dividend Date 4 ‎May‎ ‎6‎, ‎2016
Last Split Factor (new per old) 2 3/2
Last Split Date 3 ‎Aug‎ ‎2‎, ‎1999
 
Cabin111 said:
I bought some earlier...It still looks cheap to me. What am I not seeing?? Is it the debt?? Too many shares outstanding? Is it because it's a boring/mature industry? Is it younger people are becoming vegetarians? Here are the stats...Any insight I would like to hear.

PPC...Stock closed at $20.80

Valuation Measures
Market Cap (intraday) 5 5.18B
Enterprise Value 3 8.15B
Trailing P/E 7.46
Forward P/E 1 7.05
PEG Ratio (5 yr expected) 1 -2.26
Price/Sales (ttm) 0.48
Price/Book (mrq) 2.80
Enterprise Value/Revenue 3 0.76
Enterprise Value/EBITDA 6 5.95
Financial Highlights
Fiscal Year
Fiscal Year Ends ‎Dec‎ ‎31‎, ‎2017
Most Recent Quarter (mrq) ‎Dec‎ ‎31‎, ‎2017
Profitability
Profit Margin 6.45%
Operating Margin (ttm) 10.18%
Management Effectiveness
Return on Assets (ttm) 12.16%
Return on Equity (ttm) 35.25%
Income Statement
Revenue (ttm) 10.77B
Revenue Per Share (ttm) 43.29
Quarterly Revenue Growth (yoy) 15.70%
Gross Profit (ttm) 1.47B
EBITDA 1.37B
Net Income Avi to Common (ttm) 694.58M
Diluted EPS (ttm) 2.79
Quarterly Earnings Growth (yoy) 90.20%
Balance Sheet
Total Cash (mrq) 581.51M
Total Cash Per Share (mrq) 2.34
Total Debt (mrq) 2.74B
Total Debt/Equity (mrq) 147.62
Current Ratio (mrq) 1.73
Book Value Per Share (mrq) 7.42
Cash Flow Statement
Operating Cash Flow (ttm) 801.32M
Levered Free Cash Flow (ttm) 384.5M
Trading Information
Stock Price History
Beta -0.14
52-Week Change 3 -10.83%
S&P500 52-Week Change 3 13.55%
52 Week High 3 38.39
52 Week Low 3 20.23
50-Day Moving Average 3 23.00
200-Day Moving Average 3 28.25
Share Statistics
Avg Vol (3 month) 3 1.37M
Avg Vol (10 day) 3 1.62M
Shares Outstanding 5 248.98M
Float 52.98M
% Held by Insiders 1 0.32%
% Held by Institutions 1 26.24%
Shares Short 3 16.54M
Short Ratio 3 16.15
Short % of Float 3 31.39%
Shares Short (prior month) 3 16.37M
Dividends & Splits
Forward Annual Dividend Rate 4 N/A
Forward Annual Dividend Yield 4 N/A
Trailing Annual Dividend Rate 3 N/A
Trailing Annual Dividend Yield 3 N/A
5 Year Average Dividend Yield 4 N/A
Payout Ratio 4 0.00%
Dividend Date 3 ‎May‎ ‎18‎, ‎2016
Ex-Dividend Date 4 ‎May‎ ‎6‎, ‎2016
Last Split Factor (new per old) 2 3/2
Last Split Date 3 ‎Aug‎ ‎2‎, ‎1999
More...
Hey not an answer to your question... but where did you get that data? I'm pretty sure that short interest is way off. Actually its the float that is way off, it should be about 248M.

That being said, the whole sub-sector of consumer goods (foods) is down about 8% ytd. And in that 8%, there are some real dogs pulling it down. Campbell's soup hit a 4 year low today. Mondelez, Kraft Heinze (albeit they bounced a bit on earnings) was at an all-time low for the stock last week.

All the big names are down. Input costs and transportation costs are the reason. And chicken processing is heavily dependent on low wage (illegal) labor. And we know whats going on there.

Pilgrim's is only at a 52 week low. For real, it could test $17.50. So be careful. Sell the calls on strength if you want to keep it.
 
I'm thinking cheap chicken...McDonalds Nuggets, KFC, school lunch programs. There will always be a market for that junk!! Also frozen chicken to China...Yeah, I know it's on thin ice with trade there. Christians, Muslims, Jews, agnostics, atheist eat this stuff. Throughout all of asia, latin america, even europe people will eat it. I know there was talks of Bunge BG and ADM combining (merger)...But it never happened. Both are really being hurt by the low commodity prices. With cheap grain prices, it should aid the chicken industry...No?? I'll keep my holdings and wait it out. Hate to double down on something...For me it usually goes bad (example GE). I'll wait for blood in the streets (Warren Buffet style) before I add to my position...
 
Cabin111 said:
I bought some earlier...It still looks cheap to me. What am I not seeing?? Is it the debt?? Too many shares outstanding? Is it because it's a boring/mature industry? Is it younger people are becoming vegetarians? Here are the stats...Any insight I would like to hear.

PPC...Stock closed at $20.80

Valuation Measures
Market Cap (intraday) 5 5.18B
Enterprise Value 3 8.15B
Trailing P/E 7.46
Forward P/E 1 7.05
PEG Ratio (5 yr expected) 1 -2.26
Price/Sales (ttm) 0.48
Price/Book (mrq) 2.80
Enterprise Value/Revenue 3 0.76
Enterprise Value/EBITDA 6 5.95
Financial Highlights
Fiscal Year
Fiscal Year Ends ‎Dec‎ ‎31‎, ‎2017
Most Recent Quarter (mrq) ‎Dec‎ ‎31‎, ‎2017
Profitability
Profit Margin 6.45%
Operating Margin (ttm) 10.18%
Management Effectiveness
Return on Assets (ttm) 12.16%
Return on Equity (ttm) 35.25%
Income Statement
Revenue (ttm) 10.77B
Revenue Per Share (ttm) 43.29
Quarterly Revenue Growth (yoy) 15.70%
Gross Profit (ttm) 1.47B
EBITDA 1.37B
Net Income Avi to Common (ttm) 694.58M
Diluted EPS (ttm) 2.79
Quarterly Earnings Growth (yoy) 90.20%
Balance Sheet
Total Cash (mrq) 581.51M
Total Cash Per Share (mrq) 2.34
Total Debt (mrq) 2.74B
Total Debt/Equity (mrq) 147.62
Current Ratio (mrq) 1.73
Book Value Per Share (mrq) 7.42
Cash Flow Statement
Operating Cash Flow (ttm) 801.32M
Levered Free Cash Flow (ttm) 384.5M
Trading Information
Stock Price History
Beta -0.14
52-Week Change 3 -10.83%
S&P500 52-Week Change 3 13.55%
52 Week High 3 38.39
52 Week Low 3 20.23
50-Day Moving Average 3 23.00
200-Day Moving Average 3 28.25
Share Statistics
Avg Vol (3 month) 3 1.37M
Avg Vol (10 day) 3 1.62M
Shares Outstanding 5 248.98M
Float 52.98M
% Held by Insiders 1 0.32%
% Held by Institutions 1 26.24%
Shares Short 3 16.54M
Short Ratio 3 16.15
Short % of Float 3 31.39%
Shares Short (prior month) 3 16.37M
Dividends & Splits
Forward Annual Dividend Rate 4 N/A
Forward Annual Dividend Yield 4 N/A
Trailing Annual Dividend Rate 3 N/A
Trailing Annual Dividend Yield 3 N/A
5 Year Average Dividend Yield 4 N/A
Payout Ratio 4 0.00%
Dividend Date 3 ‎May‎ ‎18‎, ‎2016
Ex-Dividend Date 4 ‎May‎ ‎6‎, ‎2016
Last Split Factor (new per old) 2 3/2
Last Split Date 3 ‎Aug‎ ‎2‎, ‎1999
More...

Buying stocks in a downtrend carries additional risk regardless of any fundamental considerations.
 
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