CAG Conagra Brands
too hard · 47
Owner-earnings value—
Price$13.61
Margin of safety
—
Quality gate · 47/100
⚠ sub-hurdle returns (median roic 8% < 9%) · over-levered (net debt/EBITDA 8.5x > 4x)
Median ROIC8.0%
Gross margin24.2%
Net debt / EBITDA8.5x
FCF conversion139%
Share count / yr-0.2%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | -43.30M |
| Owner-earnings yield | -0.7% |
| Free-cash-flow yield | 12.9% |
| Growth used (normalized) | — |
| Terminal growth | — |
| Discount rate (hurdle) | — |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · non-positive owner earnings — cannot value as a going wonderful business