2023-03-30 02:53:31 ET
Summary
- FLO's business has performed well in 2022, despite the challenging macroeconomic environment. This performance has been also reflected in the share price.
- Using multistage dividend discount models and scenario analysis, we have determined the fair value of the stock to be below the current market price.
- However, a set of traditional price multiples indicate that FLO's stock based on the price multiples is trading more or less in line with its peers and competitors.
- Because of the firm's resilience, impressive growth, and relative independence of the consumer confidence levels, we rate FLO stock as "hold".
For further details see:
Flowers Foods: Impressive Growth, But High Price