TakeoverPE & activists

BRBRBELLRING BRANDS, INC.

Food And Kindred Products · $1.2B market cap · 530 employees

1.0×

About as likely as average to be taken private

Top 19% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

3of 15 firedHow well they predict deals →
12 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    121% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    1% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    16% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    6% of assets
    Over 40% of assets
  • Low revenue per employeeNo
    $4M · 90th pct
    Bottom quartile of its SIC industry
  • Net cashNo
    3.0× EBITDA net debt
    More cash than debt, positive EBITDA
  • Recurring revenueNo
    3 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    1 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    −$39K net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Feb 3, 2022DEFM14A—$1.010%

Key numbers

Revenue
$2.3BFY2021: $1.2BFY2022: $1.4BFY2023: $1.7BFY2024: $2.0BFY2025: $2.3B
16% YoY
Operating margin
15.4%FY2021: 13.5%FY2022: 15.5%FY2023: 17.2%FY2024: 19.4%FY2025: 15.4%
21% YoY
EBITDA
$376MFY2021: $222MFY2022: $234MFY2023: $316MFY2024: $424MFY2025: $376M
11% YoY
Net debt / EBITDA
3.0×
$1.1B net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$1.2B$1.4B$1.7B$2.0B$2.3B 16% FY2021: $1.2BFY2022: $1.4BFY2023: $1.7BFY2024: $2.0BFY2025: $2.3B
Operating income$168M$212M$287M$388M$357M 7.8% FY2021: $168MFY2022: $212MFY2023: $287MFY2024: $388MFY2025: $357M
Net income$28M$82M$166M$247M$216M 12% FY2021: $28MFY2022: $82MFY2023: $166MFY2024: $247MFY2025: $216M
Operating cash flow$226M$21M$216M$200M$261M 31% FY2021: $226MFY2022: $21MFY2023: $216MFY2024: $200MFY2025: $261M
Capex$2M$2M$2M$2M$5M 161% FY2021: $2MFY2022: $2MFY2023: $2MFY2024: $2MFY2025: $5M
Stock-based comp$5M$10M$14M$21M$22M 5.2% FY2021: $5MFY2022: $10MFY2023: $14MFY2024: $21MFY2025: $22M
Buybacks$0$43M———FY2021: $0FY2022: $43M

13D filers

None on file.

Insider trading

−$39Knet selling by insiders, open market, last 12 months
Bought $92K · 3 tradesSold $132K · 2 trades

Pay vs performance

No pay-versus-performance disclosure yet.