The Simply Good Foods Company Common Stock (SMPL)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for understandable consumer businesses bought at a discount to intrinsic value, and Simply Good Foods fits the shelf but not yet the income statement. It sells protein bars, shakes, snacks, and meal replacements under Quest, Atkins, and OWYN. At the 2026-10-13 close of $10.55, the market values the whole company at $932.8M. FairStock's calculations put it at 0.66 times book value, a classic asset-play category, and the negative trailing EPS of $2.11 makes the P/E meaningless at -5.00. That cheapness is offset by weak recent filings: in fiscal Q3 2026, the quarter ended 2026-05-30, revenue was $357.0M and net income was -$52.0M; in fiscal Q2 2026, the quarter ended 2026-02-28, net income was -$159.7M. Fiscal Q3 2026 revenue also fell from $381.0M in the fiscal Q3 2025 quarter ended 2025-05-31. Still, trailing free cash flow is $118.7M, a 12.7% FCF yield, and debt is moderate with D/E of 0.32. The business earned $103.6M in fiscal 2025, the year ended 2025-08-30, and $139.3M in fiscal 2024, the year ended 2024-08-31, so the brand portfolio has produced profits before. But ROE is -12.20%, ROCE 5.38%, and the Altman Z-Score of 1.58 warns of financial stress. The brands may provide some consumer stickiness, but recent losses suggest no wide moat. This is a Graham-style asset bargain only if the losses are temporary and book value holds. I would watch cash generation and whether revenue stops shrinking before calling it a sound value.

In plain English: Simply Good Foods sells protein bars, shakes, snacks, and meal replacements under brands like Quest, Atkins, and OWYN. The business has looked weak lately, with recent quarters showing losses and lower sales, though it still produces cash and the stock price is low compared with its accounting net assets. The price looks cheap on asset value, but the recent losses make it a risky turnaround situation.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-05-30) · fiscal Q2 2026 10-Q (period ended 2026-02-28) · fiscal Q1 2026 10-Q (period ended 2025-11-29) · fiscal Q3 2025 10-Q (period ended 2025-05-31) · FY2025 10-K (period ended 2025-08-30) · FY2024 10-K (period ended 2024-08-31) · FY2023 10-K (period ended 2023-08-26)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer