Description
Tyson Foods’ stock has been on a downward trajectory for a while and the recent results did not help the situation. The company’s performance in the fourth quarter was a mixed bag as it surpassed revenue expectations of Wall Street but missed out on earnings. Consumer demand for protein is largely stable in this difficult macroeconomic context with record-high inflation. The company is still in a good position to meet this demand. In order to satisfy consumer needs across a wide range of products and price points, they use their varied protein portfolio across different channels and brands. Volume performance increased in the fourth quarter because of their investments in brands and merchandising, which raised portfolio market share. They saw a margin improvement in the chicken business which is a good sign. The management’s ongoing investments in its current footprint, new capacity development, increased automation, and support for its brands as it expands its business should hopefully yield results in the 2023 fiscal. We give Tyson a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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