Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Treehouse Foods Inc
Physical assets are 36.2% of total assets, a mixed footprint. Capex is 0.95x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 3.0%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 3.71x. Compare it with other names in the same basket.
Physical asset ratio
36.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.71x
Revenue per dollar of the physical asset base.
Capex / D&A
0.95x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$9.19
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Quote unavailable.
Fixed-charge coverage
1.61x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
10.2%
Latest free cash flow divided by current market cap ($1.23B).
ROIC
3.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.11x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2017 | 38.3% | 3.75x | 0.80x | -$12.11 | 1.06x | $320.20M | — | 0.06x |
| 2018 | 33.6% | 3.60x | 0.87x | -$10.79 | 0.72x | $309.60M | — | 0.07x |
| 2019 | 34.3% | 3.51x | 0.70x | -$14.79 | 0.09x | $160.90M | — | -0.01x |
| 2020 | 33.3% | 3.53x | 0.52x | -$16.38 | 1.82x | $311.00M | 3.8% | 0.12x |
| 2021 | 31.6% | 2.38x | 0.50x | -$5.60 | 0.66x | $253.30M | — | -0.04x |
| 2022 | 33.0% | 3.87x | 0.61x | -$7.62 | 1.77x | -$236.50M | -0.2% | -0.01x |
| 2023 | 35.7% | 3.69x | 0.99x | -$7.40 | 2.12x | $16.50M | 3.5% | 0.16x |
| 2024 | 36.2% | 3.71x | 0.95x | -$9.19 | 1.61x | $126.10M | 3.0% | 0.11x |
- Principal due is the current portion of debt.
Latest year inputs (2024)
Net PP&E: $903.00M
Inventory: $539.30M
Total assets: $3.98B
Goodwill: $1.82B
Intangibles: $212.90M
Liabilities: $2.43B
Tangible book: -$483.30M
Shares: 52,600,000
Revenue: $3.35B
Capex: $139.70M
D&A: $147.10M
EBITDA: $243.60M
Interest: $63.40M
Short-term debt: $1.10M
Free cash flow: $126.10M
Operating income: $103.10M
Invested capital: $2.83B
Tax rate: 18.7%