CA
Conagra Brands Inc
CAG—
Conagra Brands Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 10.5B is 118% of equity (8.9B) - tangible book value is NEGATIVE (-4.0B), creating material impairment risk[Goodwill]
- EPS collapsed -72% YoY despite only -13% gross profit decline - operating leverage working in reverse[EPS Growth 1yr]
- FCF yield of 13.9% (1.1B FCF vs 8.2B market cap) while paying 1.40/share dividend (75% payout ratio TTM)[Free Cash Flow TTM]
Watch Triggers
- Goodwill: Any impairment charge announced — 10.5B goodwill vs 8.9B equity means even 15% writedown wipes half of book value
- Dividend Payout Ratio: Exceeds 100% for 2+ quarters — Currently 75% TTM but 85% 5yr avg - EPS decline pushes toward unsustainability
- Operating Margin TTM: Falls below 10% — Interest coverage (EBIT/Interest = 3.7x) depends on maintaining current margins
Bull Case
Deep value at 9.2x P/E (vs industry 17.8x) with 13.9% FCF yield provides margin of safety if turnaround materializes
P/E RatioFree Cash Flow TTMP/S Ratio
Operating margin 11.9% is 2.3x industry median (5.2%) - cost structure advantage persists despite revenue pressure
Operating Margin TTMGross Margin TTM
Bear Case
Goodwill at 118% of equity with negative tangible book - any impairment directly destroys shareholder equity
GoodwillTangible Book ValueTotal Equity
EPS -17% over 5yr and -72% YoY signals structural decline, not cyclical weakness - dividend cut risk elevated
EPS Growth 5yrEPS Growth 1yrDividend Payout Ratio Avg 5yr
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Dividend sustainability at risk if earnings decline continues - payout ratio already elevated
1-3ymed
- 5yr avg payout ratio 85% vs industry 33%
- EPS down 17% over 5 years
- Debt/equity at 0.93 limits flexibility
Dividend 1.40/share vs EPS 1.86 TTMTotal debt 8.3B vs FCF 1.1BInterest expense 409M TTM
Valuation Context
Caveats
Public Strategies Rankings
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CAG Fundamentals
Manufacturing → Food Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$8.12B | — | ||
$15.7B | — | ||
12 | — | ||
$11.23B | -5.8% | — | |
$1.45 | +40.7% | — | |
11.7% | +5.7% | — | |
-0.87% | -5.0% | — | |
$876.4M | -42.6% | — | |
-0.01 | -6.7% | — | |
Beta 5Y (Monthly) | unknown | — |
CAG Dividend History
105 dividends
2026
$0.350001/27/26$0.3500
2025
$1.400010/30/25$0.3500
07/30/25$0.3500
04/28/25$0.3500
01/27/25$0.3500
2024
$1.400010/31/24$0.3500
08/01/24$0.3500
04/29/24$0.3500
01/29/24$0.3500
2023
$1.360011/01/23$0.3500
07/28/23$0.3500
04/27/23$0.3300
01/27/23$0.3300
2022
$1.285011/02/22$0.3300
08/02/22$0.3300
04/28/22$0.3125
01/28/22$0.3125
2021
$1.175010/29/21$0.3125
08/02/21$0.3125
04/29/21$0.2750
01/28/21$0.2750
2020
$0.912510/30/20$0.2750
08/03/20$0.2125
04/29/20$0.2125
01/30/20$0.2125
2019
$0.850010/31/19$0.2125
07/29/19$0.2125
04/29/19$0.2125
01/29/19$0.2125
2018
$0.850010/16/18$0.2125
07/30/18$0.2125
04/27/18$0.2125
01/29/18$0.2125
2017
$0.825010/30/17$0.2125
07/27/17$0.2125
04/26/17$0.2000
01/26/17$0.2000
2016
$1.000010/27/16$0.2500
07/27/16$0.2500
04/27/16$0.2500
01/27/16$0.2500
2015
$1.000010/28/15$0.2500
07/28/15$0.2500
04/28/15$0.2500
01/28/15$0.2500
2014
$1.000010/29/14$0.2500
07/24/14$0.2500
04/28/14$0.2500
01/29/14$0.2500
2013
$1.000010/29/13$0.2500
07/29/13$0.2500
04/26/13$0.2500
01/29/13$0.2500
2012
$0.970010/29/12$0.2500
07/25/12$0.2400
04/26/12$0.2400
01/27/12$0.2400
2011
$0.930010/27/11$0.2400
07/27/11$0.2300
04/27/11$0.2300
01/27/11$0.2300
2010
$0.830010/27/10$0.2300
07/28/10$0.2000
04/28/10$0.2000
01/27/10$0.2000
2009
$0.770010/28/09$0.2000
07/29/09$0.1900
04/29/09$0.1900
01/28/09$0.1900
2008
$0.760010/29/08$0.1900
07/30/08$0.1900
04/29/08$0.1900
01/24/08$0.1900
2007
$0.730010/31/07$0.1900
07/31/07$0.1800
04/27/07$0.1800
01/25/07$0.1800
2006
$0.812510/26/06$0.1800
07/27/06$0.1800
04/27/06$0.1800
01/26/06$0.2725
2005
$1.090010/28/05$0.2725
07/28/05$0.2725
04/28/05$0.2725
01/28/05$0.2725
2004
$1.052510/28/04$0.2725
07/29/04$0.2600
04/29/04$0.2600
01/28/04$0.2600
2003
$1.002510/29/03$0.2600
07/30/03$0.2475
04/30/03$0.2475
01/29/03$0.2475
2002
$0.952510/30/02$0.2475
07/31/02$0.2350
05/01/02$0.2350
01/30/02$0.2350
2001
$0.910010/31/01$0.2350
08/01/01$0.2250
05/02/01$0.2250
01/31/01$0.2250
2000
$0.835510/25/00$0.2250
07/27/00$0.2035
04/26/00$0.2035
01/26/00$0.2035
CAG Stock Splits
No stock splits
CAG SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
12/19/25 | 11/23/25 | 10-Q | |
10/01/25 | 08/24/25 | 10-Q | |
07/10/25 | 05/25/25 | 10-K | |
04/03/25 | 02/23/25 | 10-Q | |
12/19/24 | 11/24/24 | 10-Q | |
10/02/24 | 08/25/24 | 10-Q | |
07/11/24 | 05/26/24 | 10-K | |
04/04/24 | 02/25/24 | 10-Q | |
01/04/24 | 11/26/23 | 10-Q | |
10/05/23 | 08/27/23 | 10-Q | |
07/13/23 | 05/28/23 | 10-K | |
04/05/23 | 02/26/23 | 10-Q | |
01/05/23 | 11/27/22 | 10-Q | |
10/06/22 | 08/28/22 | 10-Q | |
07/21/22 | 05/29/22 | 10-K | |
04/07/22 | 02/27/22 | 10-Q | |
01/06/22 | 11/28/21 | 10-Q | |
10/07/21 | 08/29/21 | 10-Q | |
07/23/21 | 05/31/21 | 10-K | |
04/08/21 | 02/28/21 | 10-Q | |
01/07/21 | 11/29/20 | 10-Q | |
10/06/20 | 08/30/20 | 10-Q | |
07/24/20 | 05/31/20 | 10-K | |
03/31/20 | 02/23/20 | 10-Q | |
01/02/20 | 11/24/19 | 10-Q | |
10/01/19 | 08/25/19 | 10-Q | |
07/19/19 | 05/26/19 | 10-K | |
04/02/19 | 02/24/19 | 10-Q | |
01/03/19 | 11/25/18 | 10-Q | |
10/02/18 | 08/26/18 | 10-Q | |
07/20/18 | 05/27/18 | 10-K | |
04/03/18 | 02/25/18 | 10-Q | |
01/04/18 | 11/26/17 | 10-Q | |
10/03/17 | 08/27/17 | 10-Q | |
07/21/17 | 05/28/17 | 10-K | |
04/04/17 | 02/26/17 | 10-Q | |
01/04/17 | 11/27/16 | 10-Q | |
10/04/16 | 08/28/16 | 10-Q | |
07/15/16 | 05/29/16 | 10-K | |
04/07/16 | 02/28/16 | 10-Q | |
01/06/16 | 11/29/15 | 10-Q | |
10/06/15 | 08/30/15 | 10-Q | |
07/17/15 | 05/31/15 | 10-K | |
03/30/15 | 02/22/15 | 10-Q | |
12/29/14 | 11/23/14 | 10-Q | |
09/29/14 | 08/24/14 | 10-Q | |
07/16/14 | 05/31/14 | 10-K | |
04/01/14 | 02/23/14 | 10-Q | |
12/31/13 | 11/24/13 | 10-Q | |
10/01/13 | 08/25/13 | 10-Q | |
07/19/13 | 05/31/13 | 10-K | |
04/03/13 | 02/24/13 | 10-Q | |
12/28/12 | 11/25/12 | 10-Q | |
09/28/12 | 08/26/12 | 10-Q | |
07/20/12 | 05/27/12 | 10-K | |
03/30/12 | 02/26/12 | 10-Q | |
12/30/11 | 11/27/11 | 10-Q | |
09/30/11 | 08/28/11 | 10-Q | |
07/19/11 | 05/29/11 | 10-K | |
04/04/11 | 02/27/11 | 10-Q | |
01/03/11 | 11/28/10 | 10-Q | |
10/01/10 | 08/31/10 | 10-Q | |
07/22/10 | 05/30/10 | 10-K | |
04/02/10 | 02/28/10 | 10-Q | |
01/05/10 | 11/29/09 | 10-Q | |
10/07/09 | 08/30/09 | 10-Q | |
07/24/09 | 05/31/09 | 10-K | |
04/01/09 | 02/28/09 | Unknown | -- |
12/31/08 | 11/30/08 | Unknown | -- |
10/02/08 | 08/30/08 | Unknown | -- |
07/23/08 | 05/30/08 | Unknown | -- |
04/03/08 | 02/29/08 | Unknown | -- |
01/03/08 | 11/30/07 | Unknown | -- |
10/03/07 | 08/30/07 | Unknown | -- |
07/25/07 | 05/30/07 | Unknown | -- |
04/05/07 | 02/28/07 | Unknown | -- |
01/05/07 | 11/30/06 | Unknown | -- |
10/05/06 | 08/30/06 | Unknown | -- |
07/28/06 | 05/30/06 | Unknown | -- |
04/07/06 | 02/28/06 | Unknown | -- |
01/06/06 | 11/30/05 | Unknown | -- |
10/07/05 | 08/30/05 | Unknown | -- |
08/12/05 | 05/30/05 | Unknown | -- |
04/13/05 | 02/28/05 | Unknown | -- |
01/06/05 | 11/30/04 | Unknown | -- |
10/07/04 | 08/30/04 | Unknown | -- |
08/05/04 | 05/31/04 | 4 | |
04/01/04 | 02/29/04 | Unknown | -- |
01/05/04 | 11/30/03 | Unknown | -- |
10/03/03 | 08/30/03 | Unknown | -- |
08/08/03 | 05/30/03 | Unknown | -- |
04/04/03 | 02/28/03 | Unknown | -- |
01/08/03 | 11/30/02 | Unknown | -- |
10/09/02 | 08/30/02 | Unknown | -- |
08/23/02 | 05/30/02 | Unknown | -- |
04/10/02 | 02/28/02 | Unknown | -- |
01/09/02 | 11/30/01 | Unknown | -- |
10/10/01 | 08/30/01 | Unknown | -- |
08/24/01 | 05/30/01 | Unknown | -- |
04/11/01 | 02/28/01 | Unknown | -- |
01/10/01 | 11/30/00 | Unknown | -- |
10/11/00 | 08/30/00 | Unknown | -- |
08/25/00 | 05/30/00 | Unknown | -- |
04/11/00 | 02/29/00 | Unknown | -- |