Darling Ingredients Inc
Darling International Inc. (Darling) is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. The Company collects and recycles animal by-products, bakery residual and used cooking oil from poultry and meat processors, commercial bakeries, grocery stores, butcher shops, and food service establishments and provides grease trap cleaning services to many of the same establishments. The Company operates over 120 processing and transfer facilities located throughout the United States to process raw materials into finished products such as protein (primarily meat and bone meal (MBM) and poultry meal (PM)), hides, fats (primarily bleachable fancy tallow (BFT), poultry grease (PG) and yellow grease (YG)) and bakery by-products (BBP) as well as a range of branded and value-added products. In October 2013, Darling International Inc completed its acquisition of Rothsay, the rendering and biodiesel division of Maple Leaf Foods Inc.
Carries 39.5x more debt than cash on its balance sheet.
Current Price
$63.77
-0.72%GoodMoat Value
$85.02
33.3% undervaluedDarling Ingredients Inc (DAR) Stock Analysis
DAR Financial Charts
FCF vs CAPEX
Forward estimates use 50.0% FCF growth (CAGR)
Cash vs Debt
Net Debt: 4.1B
Revenue
3.4B
FY19
3.6B
FY21
4.7B
FY22
6.5B
FY22
6.8B
FY23
5.7B
FY24
6.1B
FY26
Net Income
313M
FY19
297M
FY21
651M
FY22
738M
FY22
648M
FY23
279M
FY24
63M
FY26
DAR 52-Week Range
Currently trading near its 52-week high — in the top 3% of its range.
Darling Ingredients Inc (DAR) Financial Summary
Darling Ingredients Inc (DAR) is a Consumer Defensive company in the Packaged Foods industry, listed on NYSE. The stock currently trades at $63.77 with a market capitalization of $10.09B.
Key valuation metrics include a P/E ratio of 160.62, price-to-book ratio of 2.13, and EPS of $0.39. The company reports a profit margin of 1.0% and return on equity of 1.3%.
DAR Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $10.09B |
| P/E Ratio | 160.62 |
| EPS | $0.39 |
| P/B Ratio | 2.13 |
| P/S Ratio | 1.64 |
| EV/EBITDA | 18.04 |
| Profit Margin | 1.0% |
| Return on Equity | 1.3% |
| Debt/Equity | 0.88 |
DAR Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $3.36B | $312.60M |
| FY21 | $3.57B | $296.82M |
| FY22 | $4.74B | $650.91M |
| FY22 | $6.53B | $650.91M |
| FY23 | $6.79B | $647.73M |
| FY24 | $5.72B | $278.88M |
| FY26 | $6.14B | $62.80M |
Darling Ingredients Inc (DAR) Valuation
Based on GoodMoat's DCF model, Darling Ingredients Inc has a fair value estimate of $85.02. At the current price of $63.77, the stock appears 25.0% undervalued relative to our intrinsic value estimate.
DAR Quality Indicators
Darling Ingredients Inc maintains a profit margin of 1.0% and an operating margin of 4.8%. Return on equity stands at 1.3%. The current ratio is 1.50. Debt-to-equity ratio is 0.88.
About Darling Ingredients Inc
Darling International Inc. (Darling) is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. The Company collects and recycles animal by-products, bakery residual and used cooking oil from poultry and meat processors, commercial bakeries, grocery stores, butcher shops, and food service establishments and provides grease trap cleaning services to many of the same establishments. The Company operates over 120 processing and transfer facilities located throughout the United States to process raw materials into finished products such as protein (primarily meat and bone meal (MBM) and poultry meal (PM)), hides, fats (primarily bleachable fancy tallow (BFT), poultry grease (PG) and yellow grease (YG)) and bakery by-products (BBP) as well as a range of branded and value-added products. In October 2013, Darling International Inc completed its acquisition of Rothsay, the rendering and biodiesel division of Maple Leaf Foods Inc.
DAR Free Cash Flow
Darling Ingredients Inc generated $691.48M in trailing twelve-month free cash flow, representing an FCF yield of 6.85%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
DAR Shares Outstanding
Darling Ingredients Inc has 0.16 billion shares outstanding at a share price of $63.77, giving it a market capitalization of $10.09B.