McCormick & Co: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (02/23)

McCormick delivered a disappointing result, failing to meet the analyst consensus with respect to revenues as well as earnings. The management claims that it is seeing an improved momentum given the changing consumer consumption patterns, Flavor Solutions demand, and steady service levels and supply. In Q4, their sales growth was decent in the Flavor Solutions area and kept up momentum across all geographies. In addition, the company is speeding up automation, from individual pieces of machinery

McCormick & Co.: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (10/22)

McCormick had a disappointing quarter with a 3% top-line growth from the same quarter last year, just on par with expectations. The normalisation of their supply chain costs is taking longer than anticipated, which is putting pressure on gross margin and profit realisation. This is why the company failed to meet the earnings expectations of Wall Street. The management remains focused on managing inventory levels and removing inefficiencies across the supply chain. Their supply chain has also bee

McCormick & Company: Growth Story, Market Position, Cost Advantage & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)

McCormick had a disappointing quarterly result as it failed to meet Wall Street expectations despite the fact that its revenues showed both volume and pricing growth. The growth of the company in flavor solutions was decent but supply chain and high-cost inflation are continuing challenges for the company. The pricing actions of the company in APZ and EMEA are on track. The total branded portfolio consumption in the U.S grew. Demand remained high, and McCormick realized the advantages of the man

McCormick & Co: Detailed Credit Analysis & Financial Strength Evaluation Report, Key Risks & ESG Assessment (04/2022)

McCormick has had a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022. Its revenue growth was in the low-single-digits for the past quarter but it has consistently delivered double-digit net margins as a result of its strong product offerings and broad global portfolio. McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-

McCormick & Co: Financial & Price Forecasts, DCF Valuation, ESG & Other Risks (04/22)

McCormick has been a wonderful defensive consumer stock for many years. The company delivered a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022. Its revenue growth was in the low-single-digits for the past quarter but it has consistently delivered double-digit net margins as a result of its strong product offerings and broad global portfolio. McCormick’s consumer segment sales cont

McCormick & Company, Incorporated - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 10/21

McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored products. The company has shown a consistent growth momentum, which was also reflected in its third-quarter results. The company’s most recent Q3 revenues grew by a decent rate of 8% (around 5% on a constant currency basis) and was fueled by strong contributions from Cholula and FONA. Despite the food industry suffering from heavy inflationary pressures, McCorm

McCormick & Company, Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation Report

With the ongoing bull market, one of the most common trends is the investor community exiting defensive stocks and going in for high-growth plays which is why companies like McCormick have suffered. The company's stock was a solid performer in 2020 on account of the tailwinds associated with the Covid-19 pandemic but despite its strong result, the stock has been underperforming the industry. The company is one of the leading producers and distributors of spices, seasoning mixes, condiments, hot

Hybridan Small Cap Feast - 22 May 24

22nd May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to t

Premier Foods+ (PFD, House Stock, 171p) - Excellent volume share gains, forecasts well underpinned

Morning Note – 24 July 2024

PANMURE LIBERUM: Genus: Something for both the bears and the bulls

Anpario+ (ANP, House Stock, 318p) - Site visit - solid platform for growth

Hilton Food Group+ (HFG, House Stock at 973p) - Another strong step forward