Flowers Foods
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

20252025202620272028
Price/Earnings ratio
12.2211.2810.8911.6411.35
Price/Sales ratio
0.630.610.620.610.60
Earnings per Share (EPS)
$1.29$1.4$1.45$1.35$1.39

Historical Multiples (2012 – 2023)

2012 2013 2016 2016 2017 2018 2019 2022 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
27.4119.2023.9425.4226.9524.5527.9528.2226.6638.5917.9324.55
Price/Sales ratio
1.221.181.191.061.030.971.111.341.260.930.840.97
Price/Book Value ratio
4.344.123.643.443.233.063.644.124.213.523.063.06
Price/Cash Flow ratio
17.2016.3913.8412.0313.6013.0412.5316.8816.8713.6316.5313.60
Price/Free Cash Flow ratio
24.9425.8919.4017.0418.2119.6417.4729.3231.7421.6225.7218.21
Price/Earnings Growth ratio
3.240.283.35-2.08-3.048.845.170.812.35-0.838.06-3.04
Dividend Yield
2.31%2.09%2.65%3.14%3.48%3.89%3.47%3.02%3.06%4.09%4.64%3.48%
Profitability Indicator Ratios
Gross Profit Margin
46.89%47.42%48.04%48.39%48.75%47.69%47.72%49.77%47.93%48.29%46.93%47.69%
Operating Profit Margin
7.17%8.93%7.88%6.72%4.15%5.37%5.46%6.80%6.30%3.39%7.12%4.15%
Pretax Profit Margin
6.85%8.59%7.75%6.35%3.80%4.98%5.14%6.25%6.21%3.08%6.21%3.80%
Net Profit Margin
4.46%6.15%5.00%4.17%3.82%3.97%3.98%4.76%4.75%2.42%4.69%3.82%
Effective Tax Rate
34.79%28.37%35.43%34.36%-0.55%20.28%22.41%23.85%23.54%21.44%24.34%-0.55%
Return on Assets
6.82%9.21%6.56%5.93%5.64%5.52%5.17%6.33%6.89%3.60%7.01%5.64%
Return On Equity
15.85%21.45%15.21%13.53%12.00%12.49%13.02%14.61%15.82%9.12%17.44%12.00%
Return on Capital Employed
13.31%15.16%12.01%10.85%7.15%8.64%8.30%10.78%11.03%6.24%12.76%7.15%
Liquidity Ratios
Current Ratio
1.30N/AN/A1.391.281.351.04N/AN/AN/A1.241.35
Quick Ratio
0.770.910.900.860.810.840.711.340.990.630.780.84
Cash ratio
0.030.020.030.010.010.060.020.350.290.030.020.01
Days of Sales Outstanding
31.3425.5924.0625.3527.0126.9122.8226.8126.5424.7728.4427.01
Days of Inventory outstanding
30.7327.5331.3230.6931.3133.1432.9334.1335.3437.5634.7731.31
Operating Cycle
62.0853.1355.3856.0558.3360.0655.7660.9561.8962.3463.2258.33
Days of Payables Outstanding
34.7328.1131.9631.1832.9542.7539.4545.0550.0944.1838.5332.95
Cash Conversion Cycle
27.3525.0123.4124.8725.3717.3016.3015.9011.7918.1624.6824.68
Debt Ratios
Debt Ratio
0.560.380.350.350.310.340.270.270.270.310.310.34
Debt Equity Ratio
1.320.900.820.800.660.780.690.640.630.780.750.66
Long-term Debt to Capitalization
0.380.460.420.430.390.430.400.380.380.430.420.39
Total Debt to Capitalization
0.420.470.450.440.400.440.410.390.380.440.430.40
Interest Coverage Ratio
9.33N/AN/A8.464.405.955.80N/AN/AN/A11.114.40
Cash Flow to Debt Ratio
0.340.270.310.350.350.290.410.370.390.320.240.29
Company Equity Multiplier
2.322.322.312.282.122.262.512.302.292.532.432.12
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.070.080.080.070.070.080.070.070.060.050.07
Free Cash Flow / Operating Cash Flow Ratio
0.680.630.710.700.740.660.710.570.530.630.640.66
Cash Flow Coverage Ratio
0.340.270.310.350.350.290.410.370.390.320.240.29
Short Term Coverage Ratio
2.445.683.5311.0216.7119.0220.9720.0820.0919.2122.0716.71
Dividend Payout Ratio
63.53%40.20%63.66%80.03%93.91%95.58%97.23%85.31%81.65%158.17%83.50%95.58%