CPB Investment Analysis Report & Stock Research, Campbell Soup Company

Campbell Soup Company (CPB)

CPB Stock Report

2-Year Price History

View Larger CPB Chart
NYSE:CPB
$34.88
(3/16 12:47PM)
+0.5%
Open$34.8 Mkt Cap$11.8 Billion
High$34.95 52Wk High$35.80
Low$34.68 52Wk Low$24.63
Volume621,618 Avg Vol 10D2.1 Million

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CPB Revenue

As a value investing shop, we are interested in seeing how CPB's revenues measure up against past performances. One easily understandable way of doing that is to compare Price to Sales per share levels over a given time frame. Assuming it is available, Ockham prefers to look at ten years of history (for this stock there are 10 years of history available) and we weigh recent years more heavily. This allows us to find weighted average historical high and low Price to Sales ratios, which give us a better idea of the stock's current underlying value. Using this method, we have established a high range for Price to Sales of 2.16x and the low end of the range at 1.61x.

With respect to these historically rational metrics, notice that the current Price to Sales per share ratio for CPB of 1.55x is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $34.49, CPB is 18% below where we would expect to see it. This will beneficially factor into our final analysis of CPB as it is not often that this stock sinks to these levels.

CPB Cash Earnings

Looking at CPB specifically in their Cash Earnings capabilities, Ockham views CPB as significantly below its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 10 years of cash earnings levels for CPB to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 15.19 and a 11.24 low over the same period.

Now that CPB’s current price is $34.49 and its Price to Cash Earnings ratio is 11.09, we are very positive on its outlook from the cash earnings perspective. In fact, CPB is now trading a full 17% below its average historical Price to Cash Earnings ratio at these profit per share levels. When our clients ask us why CPB has great long term potential, the Cash Earnings levels to current stock is one of our primary reasons. But naturally, now we need for the overall market to recognize this disparity.

CPB Dividends

A strong dividend payment history is looked upon as a favorable characteristic on a company’s future and potentially can receive a positive Ockham rating. That being said, we don't require dividend payments for company's whose management has elected to forgo them entirely.

When reviewing dividend yields for CPB, we compare the historic high and low levels over the past, which is similar to our evaluation of Sales and Cash Earnings per share. Paying a dividend is not necessary for any company, but changes in dividend often can lend clues as to the health of the business. A rising dividend is a strong sign for an established company, as it reflects management's confidence in the company. CPB’s estimated annual dividend is $1.10 resulting in a current dividend yield of 3.19%. The highest dividend yield from CPB over recent history was 4.47% while the lowest dividend yield was 1.78%. A current dividend yield of 2.08% above the historical median is favorable in our analysis of CPB.

Peer Comparison

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Campbell Soup Company Industry Grouping

(3/15/2010)
Company Ticker Market Cap (Ml) Latest
Price
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
5-Yr.
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not including CPB) 13.11 3.71 » 20.30 1.18 0.31 » 1.22 3.86% 21.29%
*10 year range does not include current year values
Coca-Cola Enterprises Inc. CCE $13.2 Billion $26.90 7.48 2.71 » 8.29 0.61 0.16 » 0.76 3.58% 49.64%
Campbell Soup Company CPB $11.8 Billion $34.70 11.09 7.39 » 15.85 1.55 1.11 » 2.18 1.31% 70.88%
ConAgra Foods CAG $11.3 Billion $25.50 10.23 4.61 » 15.98 0.90 0.37 » 1.16 -2.60% 15.90%
Fomento Economico Mexicano S.A.B. de C.V. ADS Repr 4 shares FMX $10.0 Billion $46.17 28.02 2.78 » 30.09 2.58 0.29 » 1.21 12.41% 13.38%
Coca Cola Hellenic Bottling Co SA ADS CCH $9.8 Billion $26.79 12.23 4.15 » 21.61 1.04 0.34 » 1.89 13.95% 10.64%
Sara Lee Corp. SLE $9.7 Billion $13.91 7.58 4.30 » 25.52 0.75 0.37 » 1.07 -8.02% 16.87%
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Mad Money

Campbell Soup Company News is Being Covered Right Now on Mad Money

Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on CPB from Mad Money.

The Motley Fool CAPS data suggests that investors believe Campbell Soup Company will beat the market in the foreseeable future. When looking at our entire coverage universe and ranking stocks by the attention they receive on RazorWire, it is clear that Campbell Soup Company has been talked about more than normal recently. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on CPB.

“… caller: listen, i'm a value investor and I called you a few weeks ago about CAMPBELL'S soup. You were not enthusiastic at the time. > > nope. > > …”

10:36A, Feb. 23,2010 CPB $32.89 Campbell Soup Company
Squawk On The Street

News Breaking on Campbell Soup Company on Squawk On The Street

Campbell Soup Company is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Squawk On The Street.

We noticed recently that in comparison to all other stocks we analyze in the news; CPB has received less coverage from the financial media in business television and blogs. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. Campbell Soup Company receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals.

“… Take a look at radian shares as well as other mortgage shares, all stronger, radian is up 10% their loss was smaller than expected and CAMPBELL'S soup downgraded from buy to hold ... …”

Closing Bell

Its All About Earnings: Closing Bell Talks About CPB

Any suprise in earnings can cause a major swing in stock prices, so we are always on the lookout for the freshest news available for earnings reports or expectations.

When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Campbell Soup Company has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on CPB because it trades within the price range that we would expect given current market conditions and fundamentals. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.

“… There is also continued caution out there, and perhaps support reason why we didn't really see a big move today in the market, was we got some fairly cautious comments from lowe's ... …”

Closing Bell

News Developing on Closing Bell for CPB

Campbell Soup Company is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Closing Bell.

Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Campbell Soup Company has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on CPB because it trades within the price range that we would expect given current market conditions and fundamentals.

“… Interesting part of this story just last week CAMPBELL'S lowered their full-year guidance so in a sense they've just maintained an already lowered guidance. …”

Street Signs

See Why Campbell Soup Company News Was Discussed on Street Signs

The latest news from Street Signs on CPB is available through Ockham's news analytics platform RazorWire.

The Motley Fool CAPS data suggests that investors believe Campbell Soup Company will beat the market in the foreseeable future. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on CPB. As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, CPB has been less covered in the news compared to the rest of our universe of stocks.

“… CAMPBELL'S was out there, in line with expectations. They minuaintain full year guidance. Last week campbell lowered their full year guidance. …”

11:42A, Feb. 17,2010 CPB $33.61 Campbell Soup Company
The Call

The Latest News for CPB Was Just on The Call

The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to Campbell Soup Company.

The Motley Fool CAPS data suggests that investors believe Campbell Soup Company will beat the market in the foreseeable future. As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, CPB has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on CPB.

“… CAMPBELL'S soup lowering its 2010 sales forecast and it said it would improvest soup by cutting sodium further and changing the packaging. So perhaps good news there. …”

Squawk On The Street

CPB's Sales Growth Discussed on Squawk On The Street: Heating Up or Cooling Down?

Trends in sales growth can show the direction of a company, and we have the latest news on CPB's sales growth via Squawk On The Street.

When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Campbell Soup Company has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on CPB because it trades within the price range that we would expect given current market conditions and fundamentals. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.

“… CAMPBELL'S soup fractionally higher after the firm cut sales forecast for 2010. Revenue now expected to rise 2. 5% to 3. 5% down from an earlier forecast of the super maker of ... …”

Squawk On The Street

See Who is Talking About News from CPB on Squawk On The Street

News has broken via the television and viral blogs regarding CPB, so investors should take an interest in learning what was said.

Campbell Soup Company receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. We noticed recently that in comparison to all other stocks we analyze in the news; CPB has received less coverage from the financial media in business television and blogs. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey.

“… Including CAMPBELL'S soup and citigroup. > > plus, bpz energy. > > yes. > > with the same ticker as its name. Hey, somebody got it right. …”

Power Lunch

Income Investors: A Discussion of CPB and Dividends on Power Lunch

If CPB's dividends are important to you, take a look at the news as they were the topic of conversation on Power Lunch.

When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Campbell Soup Company has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on CPB because it trades within the price range that we would expect given current market conditions and fundamentals. We have recently (Saturday, January 30, 2010) downgraded this stock due to deteriorating fundamentals. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.

“… Kraft, sarah lee and CAMPBELL'S soup, folks got to eat when they're home. Back to you, dennis. > > thanks very much. Wyndham worldwide swings to a profit and triples its ... …”

Mad Money

News Developing on Mad Money for CPB

Campbell Soup Company is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Mad Money.

Campbell Soup Company receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. Due to deterioration in our valuation, we downgraded CPB as of Saturday, January 30, 2010. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. We noticed recently that in comparison to all other stocks we analyze in the news; CPB has received less coverage from the financial media in business television and blogs.

“… CAMPBELL SOUP. > > you know, kind of okay. It's really been stuck at the same level. Used to be a big position. CAMPBELL'S, herhersheys and heinz. …”

View All Campbell Soup Company Stock News

Key Fundamentals

CPB - Campbell Soup Company Fundamentals
Price (3/16 12:47PM) $34.88
Volume (3/16 12:47PM) 621,618
Last Close Price $34.70
10 Day Average Volume 2.1 Million
13 Week Price Range $32.18 - $34.72
52 Week Price Range $24.63 - $35.80
LTM Revenue $7.6 Billion
 
Shares Outstanding (07/2009) 340.3 Million
Market Capitalization $11.8 Billion
Shares Held By Institutions 172.4 Million
Institutional Holders 574
% Shares Held By Institutions 49.20%
Earnings Per Share (EPS) $2.05
P/E Ratio 15.10
Book Value Per Share $3.01
 
Gross Margin 44.50%
Annual Dividend 1.10
Dividend Yield 3.20%
Beta 0.34
Fiscal Year Ends July

About Campbell Soup Company

Campbell Soup Company is considered to operate in the Consumer Goods sector. They specifically operate in the Processed/Packaged Goods business segment contained within the Food & Beverage industry.

The Company together with its subsidiaries, is a global manufacturer and marketer of branded convenience food products.