KHC Kraft Heinz

consumer_staples · 2026-10-08

N/A

too hard · 38

Owner-earnings value—

Price$21.98

Margin of safety —

Quality gate · 38/100

Returns on capital 0/30

Consistency 8.5/22

Margins / pricing power 9.7/16

Balance sheet 4.6/16

Cash conversion 10/10

Capital allocation 5.5/6

⚠ sub-hurdle returns (median roic 3% < 9%)

Median ROIC3.2%

Gross margin33.4%

Net debt / EBITDA3.5x

FCF conversion529%

Share count / yr-1.1%

Profitable years3/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)	-3.20B
Owner-earnings yield	-12.3%
Free-cash-flow yield	14.6%
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

Date	Quality	Price	Value	MoS	Rating
2026-10-08	38	$21.98	—	—	N/A
2026-08-31	38	$25.70	—	—	N/A
2026-07-22	43	$25.79	—	—	N/A
2026-07-02	43	$25.01	—	—	N/A
2026-06-25	43	$22.94	—	—	N/A
2026-06-23	43	$22.47	—	—	N/A

Date

Quality

Price

Value

MoS

Rating

2026-10-08

$21.98

—

N/A

2026-08-31

$25.70

—

N/A

2026-07-22

$25.79

—

N/A

2026-07-02

$25.01

—

N/A

2026-06-25

$22.94

—

N/A

2026-06-23

$22.47

—

N/A

Quality gate · 38/100

Moat & management

Owner-earnings inputs

History