Campbell Soup: Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (01/23)

Campbell Soup is off to a good start to the fiscal year and delivered an all-around beat. Its strong performance across every key metric reflects the continued strength in its portfolio as well as the company’s efforts to mitigate significant inflation substantially through a combination of productivity and pricing improvements. The improved supply in the quarter allowed Campbell to increase its marketing investment significantly in both divisions, as expected and helped improve market share. Ca

Campbell Soup Inc: Online Sales As A Key Driver & Other Factors Driving Growth, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (09/22)

The demand for Campbell’s portfolio of brands continued to be strong in the last quarter and it was able to match the market’s revenue expectations through its result. The company was able to deliver an earnings beat as it enhanced supply chain performance and put into place efficient revenue management to combat inflation. Their Win in Soup approach will remain strong in fiscal 2023 largely due to innovation. The management is delivering fresh, relevant innovation as consumers shift to shelf-st

Campbell Soup Company: The Battle Against Inflation & Other Developments, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (06/22)

Campbell Soup Company reported a strong performance surpassing Wall Street expectations on all counts despite the macro-environment that is rapidly evolving. Driven by constrained supply and retail inventory replenishment in the current quarter, there was a drop in the company’s organic sales. Campbell faced pressures from the supply chain revolving around transportation capacity and labor constraints. The company recently announced pricing actions that are inflation justified for offsetting the

Campbell Soup Company: Financial & Price Forecasts, DCF Valuation, ESG & Other Risks (03/22)

Despite industry-wide inflation and supply constraints, Campbell Soup's recent results have been fair and in line with its management's expectations. The strong demand for their portfolio of brands continued in the recent quarter but supply chain volatility was higher than expected, resulting in lower service levels. Also, the company's distribution levels are down, and this has resulted in market share losses. This pressure is primarily caused by Campbell Soup’s supply issues. The management ex

Campbell Soup: Detailed Credit Analysis & Financial Strength Evaluation Report, Key Risks & ESG Assessment (03/2022)

Campbell Soup has been combatting inflationary pressures and supply chain constraints but has managed to report a fairly decent financial performance in line with the management expectations. The demand for their portfolio of brands was good in the recent quarters but supply chain volatility was higher than expected, resulting in lower service levels. Also, the company's distribution levels are down, and this has resulted in market share losses. This pressure is primarily caused by Campbell Soup

Campbell Soup Company - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21

Like most other food companies, Campbell Soup continues to struggle with inflationary pressure but it did manage to deliver a decent set of results that exceeded the market expectations across all the three key metrics i.e., net sales, adjusted EBITDA, and adjusted earnings. Its overall sales declined by 16% as compared to the same period in 2020 on account of tough comps and revenues declined across both, Meals & Beverages as well as Snacks categories although there was some decent growth in it

Carr's Group - An enhanced value creation strategy

Carr’s Group has announced an updated strategy that offers the potential for value realisation and creation from a number of avenues. These include: value realisation of the Engineering Division; the ability to significantly reduce central costs; and longer-term value creation in the Agriculture Division as a focused business with recovery potential and a strategy to leverage its strong market positions for growth.

M.P. Evans - Tougher year but growing cashflow outlook drives optionality

FY23 results are much in line with overall expectations, helped by a much stronger H2 production and higher purchases of independent crops helping to fill the group’s rising mill capacity. A marginally higher than expected average CPO price mill-gate price of $729/tonne drove the revenue outperformance, but the change in production mix impacted gross margins while slightly higher than anticipated interest, tax and minority charges resulted in EBIT, PBT (Adj.) and EPS (Adj.) just below our foreca

Anpario+ (ANP, House Stock at 230p) - FY24F upgrades - recovery play

Greggs - Showing us how it's done

The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment. Unlike many consumer-facing companies, high selling price inflation was accompanied by volume growth, leading to good market share gains. The consumer is responding well to new initiatives to grow revenue in new dayparts and digital channels. Profitability was well-managed with better recovery of input cost inflation t

Hardman & Co Healthcare Index: 2023 – Capital demands dent performance

The Hardman & Co Healthcare Index (HHI) has been running since 2009. Its main function is to highlight the attractions of life sciences investments over the long term. For the second year running, apart from global economic influences affecting world markets, performance in 2023 was dented by the capital-intensive nature of the sector. The HHI fell 3.7%, to 483.8, underperforming the main London markets – FTSE 100 (+3.8%) and FTSE All-Share (3.8%) but outperforming the FTSE AIM All-Share Index (

Initial Equity Trading Comments - 16 May 2023

Ocean Harvest Technology - Harvesting the power of seaweed

Ocean Harvest Technology (OHT), based in the UK, produces animal feed additives products using a composite of blended seaweed. Its patented products have been shown to enhance growth rates in livestock, increase feed efficiency and improve egg quality and quantity for laying poultry. As OHT operates in an attractive market, there is significant potential for its proprietary technology to drive volume growth as awareness of its product benefits increases, along with improving financials.

SP Angel Morning View: Risk sentiment pulls back on geopolitical tensions and concerns over Chinese property market

Hybridan Small Cap Feast - 20 Mar 24

20th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Initial Equity Trading Comments - 20 March 2024

Morning Note – 11 September 2023

Premier Foods+ (PFD, House Stock, 140p) - Strong trading & share gains

Premier Foods+ (PFD, House Stock, 139p) - Pension cash contributions suspended

Morning Note – 19 January 2024

Morning Note – 23 January 2024