Utz Brands Inc
UTZ—
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Utz Brands Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill & intangibles of 1.8B represent 254% of equity - tangible book value is negative 1.1B, creating material impairment risk.[Goodwill and Other Intangible Assets]
- FCF TTM is -25.5M despite 101M operating cash flow - capex of 127M (8.8% of revenue) consuming all cash generation.[Free Cash Flow TTM]
- Interest expense of 40.4M TTM exceeds operating income of 23.8M - debt service consuming 170% of operating profit.[Interest Expense TTM]
Watch Triggers
- Free Cash Flow TTM: Turn positive (>0) — Validates capex investments generating returns; current -25.5M unsustainable
- Interest Expense TTM: Falls below Operating Income — Interest coverage <1x is distress signal; needs operating income >40M
- Operating Margin TTM: Exceeds 5% — Would match industry median and signal operating leverage from capex
Bull Case
Gross margin 34.2% exceeds industry median 29.8% - pricing power exists if operating leverage improves post-capex cycle.
Gross Margin TTMGross Profit TTM
P/S ratio 0.66x vs industry median 0.78x offers modest discount if turnaround materializes.
P/S RatioEnterprise Value
Bear Case
Negative tangible equity (-1.1B) with 1.0B debt creates refinancing risk; interest coverage below 1x.
Tangible Book ValueTotal DebtInterest Expense TTM
Paying 5.3M dividends while FCF is -25.5M - unsustainable capital allocation eroding balance sheet.
Free Cash Flow TTMCommon Stock Dividend Paid
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
30%
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Forward Thesis
Margin expansion unlikely until capex cycle completes and debt burden reduces
1-3yhigh
- Operating margin 1.7% vs industry median 5.1%
- Debt/equity 1.43x with 40M annual interest
- Capex 3x industry median as % of revenue
Net margin 0.4% vs industry 2.6%ROIC 0.3% vs industry 4.2%FCF negative while paying dividends
Valuation Context
Caveats
UTZ Fundamentals
Manufacturing → Food Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.04B | — | ||
$2.0B | — | ||
0.00 | — | ||
$1.45B | +2.3% | — | |
$-0.10 | — | ||
0.81% | -3.0% | — | |
-0.58% | -2.5% | — | |
$42.4M | — | ||
-1.17% | -5.1% | — | |
Beta 5Y (Monthly) | unknown | — |
UTZ Dividend History
23 dividends
2026
$0.063004/13/26$0.0630
2025
$0.257012/15/25$0.0630
09/15/25$0.0610
06/16/25$0.0610
04/07/25$0.0720
2024
$0.259012/16/24$0.0610
09/16/24$0.0590
06/17/24$0.0800
04/12/24$0.0590
2023
$0.228012/15/23$0.0570
09/15/23$0.0570
06/15/23$0.0570
04/14/23$0.0570
2022
$0.219012/16/22$0.0570
09/16/22$0.0540
06/17/22$0.0540
04/14/22$0.0540
2021
$0.204012/17/21$0.0540
09/17/21$0.0500
06/18/21$0.0500
04/16/21$0.0500
2020
$0.110012/18/20$0.0600
09/18/20$0.0500
UTZ Stock Splits
No stock splits
UTZ SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/06/26 | 03/29/26 | 10-Q | |
02/12/26 | 12/28/25 | 10-K | |
10/30/25 | 09/28/25 | 10-Q | |
07/31/25 | 06/29/25 | 10-Q | |
05/01/25 | 03/30/25 | 10-Q | |
02/20/25 | 12/29/24 | Unknown | |
10/31/24 | 09/29/24 | 10-Q | |
08/01/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/09/23 | 10/01/23 | 10-Q | |
08/10/23 | 07/02/23 | 10-Q | |
05/11/23 | 04/02/23 | 10-Q | |
03/02/23 | 01/01/23 | 10-K | |
11/10/22 | 10/02/22 | 10-Q | |
08/11/22 | 07/03/22 | 10-Q | |
05/12/22 | 04/03/22 | 10-Q | |
03/03/22 | 01/02/22 | 10-K | |
11/12/21 | 10/03/21 | 10-Q | |
08/12/21 | 07/04/21 | 10-Q | |
05/13/21 | 04/04/21 | 10-Q | |
12/31/20 | 12/31/20 | 10-K | |
09/30/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
08/12/21 | 06/28/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
05/13/21 | 03/29/20 | 10-Q | |
03/12/20 | 12/31/19 | 10-K | |
11/12/19 | 09/30/19 | 10-Q | |
08/09/19 | 06/30/19 | 10-Q | |
05/13/19 | 03/31/19 | 10-Q | |
11/16/18 | 09/30/18 | 10-Q | |
06/30/18 | 06/30/18 | 424B4 |