Kellogg Co. (K) – Re-building cereal inventory, back in recovery mode

Kellogg entered Q1FY22 with low Cereal inventories due to last year’s fire and strike in the United
States. As a result, sales fell, with organic sales falling by less than 1% in North America. Meanwhile, the company expects inventories to recover by 1HFY22 as it restores and ramps up production in the
United States.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages : 35