CPB

The Campbell's CompanyConsumer Defensive / Packaged FoodsINTACT

The Campbell's Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. It operates through Meals & Beverages, and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell's tomato juice; Rao's pasta sauces, dry pasta, frozen entrées, frozen pizza, and soups; and Michael Angelo's frozen entrées and pasta sauces, as well as snacking products in foodservice in Canada. Its Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products, that includes Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, and other snacking products. This segment is also involved in the snacking, and meals and beverage retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience and dollar stores, e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was formerly known as Campbell Soup Company and changed its name to The Campbell's Company in November 2024. The Campbell's Company was founded in 1869 and is headquartered in Camden, New Jersey.

Share Price
$21.00
52W: $19.56 - $34.17
DCF Fair Value
$24.98
+15.9%
P/E (TTM)
16x
ROIC
8%
Operating Margin
10.3%
FCF Yield
11.9%
Debt / Equity
1.72x
Piotroski Score
5/9
Altman Z-Score
3.82
Market Cap
$6.3B

Price vs. Intrinsic Value Corridor

Modest Value ($21.00 vs $24.98 DCF)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)
()
Period Range
$ - $
DCF Fair Value
$24.98
MOS Buy Target (-25%)
$18.74
Valuation Overlays:

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price
$21.00
DCF Fair Value
$25.08
+16.3%
$747M
$100M$747M (Reported)$50,000M
5.3%
-5%10% (Target)35%
4.5%
0%5%20%
9.0%
6%9% (Standard)15% (High Risk)
2.5%
1% (GDP Floor)2.5% (Inflation)4.0%
$6,700M
-$100B CashBalance Sheet+$150B Debt
10-Yr PV of Cash Flows
$6.1B
PV of Terminal Value
$8.0B
Implied Enterprise Value
$14.2B
Implied Equity Value
$7.5B
YearYr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10
Projected FCF ($M)$787$828$872$918$967$1,011$1,056$1,104$1,153$1,205
Present Value (PV)$722$697$673$651$629$603$578$554$531$509

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-7.6% Premium
$19.51

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $1.31BVPS: $12.92
Revised Graham Formula-6% Premium
$19.81

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Buffett Owner Earnings11.3% Yield
$2.38 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.7BYield: 11.3%

Reverse DCF: Market Growth Expectation

EXTREMELY LOW BARRIER
-6.1% CAGR (Next 10 Yrs)

At the current price of $21.00, the market is assuming the business will compound Free Cash Flow at -6.1% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict
✓ Low market hurdle: Easy for a wide-moat compounder to beat.
Autonomous Thesis Underwriting

Surveil CPB with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for The Campbell's Company. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 10.3% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Frequently Asked Questions: The Campbell's Company (CPB) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for The Campbell's Company.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, The Campbell's Company has an estimated DCF intrinsic fair value of $24.98 per share compared to its current market price of $21.00. This represents an estimated 15.9% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $19.51.

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