Undervalued Consumer Packaged Goods Stocks on NYS May 2024

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A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Consumer Packaged Goods stocks

Stocks in this category are traded through the economic cycles primarily for capital appreciation. Large cap stocks in this space are also held for income.

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Symbol	Name	Close Price ($)	Valuation ($)	Difference (%)	Average Vol (30D)	Market Cap ($M)	Yield (%)	P/E Ratio
EL	Estee Lauder Cos	132.94	234.53	76.42	2789444	47965	1.99	74.7
SPB	Spectrum Brands Holdings	83.67	144.78	73.04	274617	2853	2.01	0.0
HRL	Hormel Foods	35.17	59.49	69.15	2243666	19270	3.17	24.3
UL	Unilever	52.13	60.65	16.35	3448904	132014	3.56	19.0
CAG	Conagra Brands	30.59	34.19	11.77	5433451	14683	4.58	15.4
CHD	Church & Dwight Co	106.11	118.17	11.36	1258975	26114	1.04	33.6
ADM	Archer-Daniels Midland	59.17	65.78	11.17	3732278	30413	3.13	10.3
NOMD	Nomad Foods	18.09	20.05	10.83	498684	3097	0.83	14.9
THS	Treehouse Foods	37.26	41.03	10.11	452470	2101	0.00	35.5
K	Kellanova	60.51	66.31	9.59	3186148	20815	3.82	25.6

All data provided as at market close May 02, 2024.

Company Details

Estee Lauder Cos

EL:NYS

Close Price

132.94

Our Valuation

234.53

% Difference

76.42

Market Cap ($M)

47965

P/E Ratio

74.7

Estee Lauder is a leader in the global prestige beauty market, participating across skin care (52% of 2023 sales), makeup (28%), fragrance (16%), and hair care (4%) categories, with top-selling brands such as Estee Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 28% of revenue from the Americas, 39% from Europe, the Middle East and Africa (including travel retail), and 33% from Asia-Pacific.

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Spectrum Brands Holdings

SPB:NYS

Close Price

83.67

Our Valuation

144.78

% Difference

73.04

Market Cap ($M)

2853

P/E Ratio

0.0

Spectrum Brands Holdings Inc is consumer products and home essentials company. The company is a supplier of consumer batteries, residential locksets, residential builders' hardware, grooming products and personal care products. The company manages the businesses in product-focused segments; Home and Personal Care, global Pet Care, Home and Garden.

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Hormel Foods

HRL:NYS

Close Price

35.17

Our Valuation

59.49

% Difference

69.15

Market Cap ($M)

19270

P/E Ratio

24.3

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 70% of fiscal 2023 sales were from perishable food and 30% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy.

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Unilever

UL:NYS

Close Price

52.13

Our Valuation

60.65

% Difference

16.35

Market Cap ($M)

132014

P/E Ratio

19.0

Unilever is a diversified personal-care (52% of 2022 sales by value), homecare (14%), and packaged food (34%) company. Its brands include Knorr soups and sauces, Hellmann's mayonnaise, Axe and Dove skin products, and the TRESemmé haircare brand. The firm has been acquisitive in recent years; notable purchases include Paula's Choice, Liquid I.V., Horlicks, Garancia, and The Vegetarian Butcher.

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Conagra Brands

CAG:NYS

Close Price

30.59

Our Valuation

34.19

% Difference

11.77

Market Cap ($M)

14683

P/E Ratio

15.4

Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee.

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Church & Dwight Co

CHD:NYS

Close Price

106.11

Our Valuation

118.17

% Difference

11.36

Market Cap ($M)

26114

P/E Ratio

33.6

Church & Dwight is the leading global producer of baking soda. Beyond baking soda, the products in its portfolio have vast category reach, including laundry products, cat litter, oral care, deodorant, and nasal care, all sold under the Arm & Hammer brand. Its mix also includes Xtra, Trojan, OxiClean, First Response, Nair, L'il Critters/Vitafusion, Orajel, and WaterPik, which together with Arm & Hammer constitute around 70% of its annual sales and profits.

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Archer-Daniels Midland

ADM:NYS

Close Price

59.17

Our Valuation

65.78

% Difference

11.17

Market Cap ($M)

30413

P/E Ratio

10.3

Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.

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Nomad Foods

NOMD:NYS

Close Price

18.09

Our Valuation

20.05

% Difference

10.83

Market Cap ($M)

3097

P/E Ratio

14.9

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets.

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Treehouse Foods

THS:NYS

Close Price

37.26

Our Valuation

41.03

% Difference

10.11

Market Cap ($M)

2101

P/E Ratio

35.5

TreeHouse Foods is the largest pure-play private-label manufacturer in the US. Much larger in the past following the 2016 acquisition of Ralcorp, Conagra's former private-label business, the company has since divested several businesses to focus on high-growth categories.

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Kellanova

K:NYS

Close Price

60.51

Our Valuation

66.31

% Difference

9.59

Market Cap ($M)

20815

P/E Ratio

25.6

Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries.

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