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.
Utz Brands Inc
Physical assets are 23.2% of total assets, a light footprint. Capex is 1.25x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. EBITDA after capex covers debt service by 0.27x, which is below 1.
Fixed-asset turnover is 2.72x. Compare it with other names in the same basket.
Physical asset ratio
23.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.72x
Revenue per dollar of the physical asset base.
Capex / D&A
1.25x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$5.52
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $14.31.
Fixed-charge coverage
0.27x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.5%
Latest free cash flow divided by current market cap ($2.06B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.19x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | — | — | 0.43x | $7.65 | 0.71x | $2.71M | — | — |
| 2019 | 28.6% | 4.47x | 0.68x | -$7.51 | 0.57x | $8.00M | — | 0.23x |
| 2020 | 12.7% | 2.84x | 434.40x | -$9.13 | 0.35x | $7.98M | — | 0.14x |
| 2021 | 14.1% | 3.89x | 0.41x | -$7.69 | 1.68x | $14.89M | 0.4% | 0.03x |
| 2022 | 16.3% | 4.08x | 1.01x | -$7.03 | 0.04x | -$39.77M | — | 0.02x |
| 2023 | 17.5% | 3.83x | 0.70x | -$7.34 | 0.49x | $20.92M | — | 0.04x |
| 2024 | 21.8% | 2.86x | 1.39x | -$5.61 | 1.23x | $7.53M | 2.2% | 0.12x |
| 2025 | 23.2% | 2.72x | 1.25x | -$5.52 | 0.27x | $9.40M | — | 0.19x |
- Principal due is the current portion of debt.
- The physical ratio uses the property line, which is larger than net corporate PP&E. Real estate portfolios are often carried there.
Latest year inputs (2025)
Net PP&E: $528.60M
Inventory: $119.30M
Total assets: $2.79B
Goodwill: $865.20M
Intangibles: $963.90M
Liabilities: $1.45B
Tangible book: -$484.20M
Shares: 87,773,614
Revenue: $1.44B
Capex: $102.80M
D&A: $82.40M
EBITDA: $124.90M
Interest: $43.10M
Short-term debt: $37.90M
Free cash flow: $9.40M
Operating income: $98.50M
Invested capital: $1.76B
Tax rate: —